How to Live Frugally: Do Not Spend What You Do Not Have
Avoid Putting it on The Credit Card if You Can Not Pay Cash Now.
Living on Credit Cards Will Throw You Deeper into Debts.
As consumers, we need to have some people on our side. We need allies and advocates who understand our situations. If you want to learn about frugality, get advice on money issues, check out these sites.
Here are some of the sites we have been reading lately:
www.getrichslowly.com summarizes the advice nuggets found in various financial self-help books. For sure, this site tells you how to build over time. Time is your friend. Short-term investments will not cut it. For example, Getrichslowly.com owner invites you to borrow books from the library instead of buying them new.
We also read www.moneyhacks.org which offers commonsense advice and links to other sites that can save you money and time.
www.bargaineering.com/articles gives you the chance to have your own blueprint for financial prosperity. On this site, you can find advice on cell phone companies, car leases, bargain, credit cards, and deals on any consumer products.
www.FiveCentNickel.com tells you everything you want to know about credit cards. It also encourages you to live within your economic boundaries. Living frugally is what you need to remember. A local farmer saved every thing he had. He only spent money if he had to. About the time of his death, he made a substantial donation to his alma mater which named a building after him. There are many such stories all over the country.
www.allfinancialmatters.com allows to get information on investing. The site covers investments better than many other regular sites. If you want to learn about Estate planning , tax planning and the IRS, here is a good site to start from.
www.Iwillteachyoutoberich.com is created by a Stanford university graduate who tells you and college students to start saving their hard-earned money. It offers a way to do that, by changing their mindset. Saving and mindset changing are important to the American consumer who saves less than others in Europe and Asia and even the rest of the Western world.
www.festivaloffrugality.com is a weekly compilation of money-saving advice from various blogs and sites. It also gives you a lot of tips on saving money.
Other sites are:www.techcrunch.com and www.gizmodo.com
The New York Times has just published an article on a bunch of personal finance sites. Some of them are noted above. If you want to get some good info on finance, you can start right here. Yahoo Finance is also a good spot to drop by.
Should You Pay Your Mortgage or Not Pay It Off? The question is whether you should pay it or not
USA Today published a recent article on this issue (www.usatoday.com/money/perfi/housing...) How would you answer such a question?
It all depends on the following: financial circumstances, time to retirement and emotions or self-control
Get commonsense, good advice from Vanguard. In other words, listen to what most parents will tell their kids. Live within your limits.
"1. Live below your means. You have to spend less than you earn. The investment benefits are self-evident. If you don't save, you can't invest. But living below your means also provides protection from volatility in your personal financial situation. If you suffer financial setbacks—job loss, unexpected health-care costs—you'll be better positioned to weather those challenges than people who habitually spend every penny they earn.
2. Participate in the markets. More important than picking the optimal investments is simply getting started. Once you start investing, you face another challenge: volatility. The financial markets have recently provided a very good illustration of volatility. From its May high to its June low, the U.S. stock market lost almost 10% of its value in a few short weeks this year. If you can resist the urge to react to the emotional potholes created by short-term fluctuations in the value of your investments, riding along with (and continuing to invest in) the markets will be a productive experience over many years.
3. Invest regularly. A regular saving and investing habit is key to financial success and security. Payroll deductions, a feature of most employer-based savings plans, and other automatic investment programs make the mechanics of regular investing simple.
4. Get knowledgeable. Your goal should be to become familiar with the way the markets behave. Over time, this familiarity will help you establish—and stick with—a well-constructed long-term investment plan."
Get Vanguard Diehards at socialize.morningstar.com
Visit National Association of Personal Financial Advisors at http://napfa.com/index2.htm