Corliss Online Financial Mag: Tips to become financially fit - 0 views

• 
  #1 Gerald Hussen on 02 May 15

   

  Following
  are few easy tips made by Corliss
  Online Financial Mag that will help you move forward toward financial
  security and make your dreams become reality.

  
  
  

   

  
  
  

  Put aside time and
  energy to talk

  
  
  

   

  
  
  

  The
  first step to finding common ground with your finances is to take time to talk
  about money. Define your values and goals together with your family and clarify
  the difference between needs and wants. Don't wait for a financial crisis to
  happen.

  
  
  

   

  
  
  

  It
  is vital to instruct the children about the value of money and how to use it
  responsibly.

  
  
  

   

  
  
  

  Make a budget

  
  
  

   

  
  
  

  With
  your established values, you are now ready to create a budget. There are some
  tools out there to get you started such as Mint or You Need A Budget (YNAB),
  but a Microsoft Excel document will probably do the job. Choose something that
  you are comfortable with and actually work for you. Set a time every month to
  check in and evaluate your goals as well as your progress. Make adjustments or
  improvements based on your situation.

  
  
  

   

  
  
  

  Pay your debts

  
  
  

   

  
  
  

  Lots
  of individuals in debt feel trapped and bogged down, but always remember that
  even small steps can have a dramatic effect on financial stability. Just pay
  small amount above the minimum payment each month. As little as $15-$25 more
  could help you pay off a credit debt five to ten years sooner.

  
  
  

   

  
  
  

  Use a flexible spending
  account

  
  
  

   

  
  
  

  Assess
  with your employer. Several companies allow you to take money out of your
  paycheck pre-tax to pay for expenses such as health care. However, make sure
  that you only take out what you need.

  
  
  

   

  
  
  

  Save for retirement

  
  
  

   

  
  
  

  Due
  to compound interest, your money increases dramatically over time. A small
  contribution now can mean larger returns later.

  
  
  

   

  
  
  

  Prepare for abrupt
  problems

  
  
  

   

  
  
  

  Consider
  the things that can have a huge effect on your life later on. Build an
  emergency fund, set up a life insurance policy, and open a 529 plan - defined
  by Corliss Online Financial Mag
  as a tax-advantaged method of saving for future college expenses that is
  authorized by Section 529 of the Internal Revenue Code - to begin saving for
  your children's education.

  
  
  

   

  
  
   

   

  <div class="cArrow"> </div><div class="cContentInner"><p>Following <br /> are few easy tips made by <a href="http://www.corlissonlinegroup.com/" rel="nofollow" target="_blank">Corliss <br /> Online Financial Mag</a> that will help you move forward toward financial <br /> security and make your dreams become reality.</p> <br /> <br /> <p> </p> <br /> <br /> <p><i>Put aside time and <br /> energy to talk</i></p> <br /> <br /> <p> </p> <br /> <br /> <p>The <br /> first step to finding common ground with your finances is to take time to talk <br /> about money. Define your values and goals together with your family and clarify <br /> the difference between needs and wants. Don't wait for a financial crisis to <br /> happen.</p> <br /> <br /> <p> </p> <br /> <br /> <p>It <br /> is vital to instruct the children about the value of money and how to use it <br /> responsibly.</p> <br /> <br /> <p> </p> <br /> <br /> <p><i>Make a budget</i></p> <br /> <br /> <p> </p> <br /> <br /> <p>With <br /> your established values, you are now ready to create a budget. There are some <br /> tools out there to get you started such as Mint or You Need A Budget (YNAB), <br /> but a Microsoft Excel document will probably do the job. Choose something that <br /> you are comfortable with and actually work for you. Set a time every month to <br /> check in and evaluate your goals as well as your progress. Make adjustments or <br /> improvements based on your situation.</p> <br /> <br /> <p> </p> <br /> <br /> <p><i>Pay your debts</i></p> <br /> <br /> <p> </p> <br /> <br /> <p>Lots <br /> of individuals in debt feel trapped and bogged down, but always remember that <br /> even small steps can have a dramatic effect on financial stability. Just pay <br /> small amount above the minimum payment each month. As little as $15-$25 more <br /> could help you pay off a credit debt five to ten years sooner.</p> <br /> <br /> <p> </p> <br /> <br /> <p><i>Use a flexible spending <br /> account</i></p> <br /> <br /> <p> </p> <br /> <br /> <p>Assess <br /> with your employer. Several companies allow you to take money out of your <br /> paycheck pre-tax to pay for expenses such as health care. However, make sure <br /> that you only take out what you need.</p> <br /> <br /> <p> </p> <br /> <br /> <p><i>Save for retirement</i></p> <br /> <br /> <p> </p> <br /> <br /> <p>Due <br /> to compound interest, your money increases dramatically over time. A small <br /> contribution now can mean larger returns later. </p> <br /> <br /> <p> </p> <br /> <br /> <p><i>Prepare for abrupt <br /> problems</i></p> <br /> <br /> <p> </p> <br /> <br /> <p>Consider <br /> the things that can have a huge effect on your life later on. Build an <br /> emergency fund, set up a life insurance policy, and open a 529 plan - defined <br /> by <a href="http://corlissonlinegroup.com/blog/" title="Link: http://corlissonlinegroup.com/blog/" rel="nofollow" target="_blank">Corliss Online Financial Mag</a> <br /> as a tax-advantaged method of saving for future college expenses that is <br /> authorized by Section 529 of the Internal Revenue Code - to begin saving for <br /> your children's education.</p> <br /> <br /> <p> </p> <br /> <br />  </div>

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