Australians, in general, constitute some of the worst savers in the world. Current estimates suggest that, on average, Australians save just 4% of their income. This is less than half of the 11% estimate for Australians in the late 1970s.In the past, pensions from taxpayers were used to provide pensions... Read More
Many people spend their little income haphazardly without any planning and end up getting broke before month-end. They then borrow to make ends meet and end up with more problems that they fail to repay their debts promptly.However, this is not a prudent way of managing your personal financial affairs.... Read More
We live in a crazy world. Someone ought to sell tickets. It seems that people, especially those in the US, are always clamoring for products and services that they don't need and ignoring those that they do. Financial Management is a prime example. Companies that provide financial management services are... Read More
1. Don't focus on your finances.The reason most people get into debt is because they don't spend enough time focusing on their finances. You need to get a grasp of where you're at financially, keep track of your income in relation to expenses and spending habits.2. Failure to develop a... Read More
Your food budget is the most flexible area of your household budget. Grocery savings will free up a significant amount of money if you need to balance the budget, or fund your savings accounts.If you haven't figured it out already, your kitchen is a Goldmine. There are numerous ways to... Read More
The British government at the beginning of this year officially launched its Child Trust Fund (CTF) initiative in an effort to encourage parents and children to develop the savings habit and to teach children the value of saving their own money.Chancellor, Gordon Brown said, "The Child Trust Fund is designed... Read More
Good money management needn't be difficult. In fact, there a number of easy steps recommended by most financial professionals to help manage your finances better.Pay your bills on time to avoid late fees.Don't wait until the red bill turns up! Make notes of due dates in your diary and remember... Read More
Do you struggle from week to week trying to make ends meet? Are you consistently going without things that you really wish you could afford? Well I have some possible and practical solutions to your dilemma:1. TIPS TO HELP YOUR BUDGET STRETCH FURTHER.There are many ideas that you could adopt... Read More
Does it feel like you have to be Sherlock Holmes to solve the mystery behind balancing your personal budget? Are you living a mysterious thriller where your realization of "financial independence and security" is a vicious repeating cycle of debt? Don't be afraid?...Somehow you've ended up lost in the "plastic... Read More
Now that we are in the month of June I can't help but wonder if we have prepared our new graduates for the responsibility of managing and budgeting their money.I had a very interesting conversation with my God-son, a recent graduate from a local Los Angeles high school. He assured... Read More
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