Financial News and Information
by Danny Crum
Accept Responsibility for Your Finances
Alright America, it’s time to grow up and accept responsibility for your own financial actions. Quit trying to blame your irresponsibility and lavish spending habits on someone else then looking for help in the wrong places. As we age we have to accept that we must be more responsible for our actions in life, especially our finances.
by Danny Crum
A Basic Budget
Do you have a budget setup? Do you even know what a budget is and why you should have one? The basic principle of a budget is to track your earnings and spending habits over a certain period of time. Setting up a simple budget can be a simple process and you can hear a lot about yourself in a short period of time.
by Danny Crum
Set financial goals and stick to them
Almost everyone has set a goal at some point in their life. The problem is that most people never accomplish them or give up before they complete them. Financial goals are very important to set and even more important to follow and accomplish. Make finances and money fun, not something you dread talking about and avoid at all costs. Here are a few ways to make setting and accomplishing financial goals fun and rewarding.
by Danny Crum
Personal finance defined
Our Personal finance a combination of many factors that involve how we spend and save money. It includes the various financial events that occur, planned or unplanned over a period of time. Personal finance includes our budgets and spending plans, our checking and savings accounts, credit cards, personal and consumer loans, investments and retirement plans, insurance and even our state, local and federal taxes and even charitable donations.
Why are personal finances important?
Personal finances make up a large portion of our lives. We start learning from a very early age the importance of money in our society, therefore it’s especially impotant to understand our own personal finances and how to control them. Planning our personal finances usually consist of five important components which include: know your finances, setting goals, creating a plan, following the plan, and giving yourself a checkup.