Shop for a Bank

You can find information about checking accounts, savings accounts, credit cards and other financial products at www.bankrate.com. You can compare fees, interest rates, investment options, insurance and more. It is an objective, easy way to get financial advice.

September 2, 2006. Resource Management, Uncategorized. Leave a comment.

The Beehive

At www.thebeehive.org you can get great information about all kinds of things: money, health & fitness, school, jobs & career, insurance, housing, transportation and more. It is straightforward and easy to follow. You can even get information tailored to the New York area. The Beehive connects you to important information – plus the local help to make it happen.

September 2, 2006. Resource Management, Uncategorized. Leave a comment.

50 good things about being debt-free

Here are 50 good things about being debt-free.

Avoid trouble with cards, Gerard
1. No longer having to decide how much you can afford to pay on credit cards.
2. No ghosts of Christmas debts past haunting you during holiday shopping season.
3. Never being refused for credit.
4. Never being required to spend money you have not yet earned.
5. Having the control that accompanies buying things with cash.
6. Never having to use one credit card to make a payment on another.

Stash a buck, Chuck
7. Having a savings cushion for emergency expenses.
8. Understanding the different kinds of savings needs.
9. Having enough money for both needs and many wants.
10. Watching your balances grow, and that’s a good thing.
11. Having fewer fights about money with your sweetie.
12. Experiencing the advantages of a higher credit score.

Plan an attack, Mac
13. Knowing what to do before a marriage.
14. Knowing what to do to prepare for a divorce.
15. Being prepared for a job layoff.
16. Knowing how to create a realistic budget.
17. Understanding the advantages of planned spending.
18. Getting better interest rates when you borrow.

Save for school, O’Toole
19. Having back-to-school costs covered.
20. Setting a good example for your kids.
21. Having the flexibility to shop for the best deal.
22. Knowing you will be prepared to pay your children’s college tuition.

Answer the phone, Jerome
23. Not screening for credit collection calls or letters.
24. Looking forward to opening your mail.
25. Never having to meet Judge Judy.
26. Reading a statement that reads “paid in full.”

You’re never a schlemiel, Lucille
27. Recognizing money scams a mile away and avoiding them.
28. Knowing when and where to ask for financial assistance.
29. Never having to pay late fees.
30. Never robbing Peter to pay Paul.
31. Keeping your own identity.

Don’t worry, Lorrie
32. Sleeping better at night.
33. Never having to worry about repossession.
34. Never worrying about being upside down in a car loan.
35. Finally having your entire financial life working together in harmony.
36. Not worrying about paying for the family vacation.
37. Not having to locate a good credit counseling agency.
38. Not needing a reference for a good bankruptcy attorney.

Keep ahead, Fred
39. Never being behind on your mortgage.
40. Knowing your checks will never bounce.
41. Keeping financial records that work best for you.
42. Having all the resources to satisfy the IRS.
43. Experiencing the joy of living below your means.
44. Not spending your weekend having a garage sale to help pay bills.

Be in the know, Joe
45. Being able to prevent financial problems before they happen.
46. Knowing you can withstand anything financial life throws at you.
47. Knowing how to and when to revise your financial plan as your circumstances change.
48. Knowing the difference between wants and needs.
49. Knowing when you will have money enough to retire.
50. People ask you for financial advice so often you become the next Bankrate.com Debt Adviser.

by Steve Bucci http://www.bankrate.com/dls/news/debt/20060818a1.asp

September 1, 2006. Resource Management. Leave a comment.

Using a Notebook to Track Expenses

excerpts from a Dollar Stetcher article by Joey Shanley  

I had tried everything from carrying only a limited amount of cash on me to an envelope system of budgeting. But I always ran out of money and I always ended up using (and sometimes over-using) my check card.Spending only came under control once I got serious about logging every single purchase that I made. Enter my spending log. My little green notebook. My spiral bound conscience sits deep inside my bag at work or on my desk at home. When I carry it with me, every time I make a purchase, I log how much I spent in the notebook to the penny. Whether I have used my ATM, a credit card or cash, it doesn’t matter. It all goes into my log…

If you log your purchases and your expenses for any amount of time, you will find that it turns into a fun yet intellectually involved game: You vs. your money. Every time you pull out that notebook to jot down a purchase, you actually think and re-think whether you really need the latte, the hamburger, or even the haircut. I have become that fanatical with trying to save a dollar wherever I can.

At the end of the month, I open up an Excel spreadsheet and group my purchases into the five general budgetary areas. I deftly scrutinize my spending to see how much money was frivolously spent on items that I should have scrimped on (like how much money I spent on lunches out when I knew I had food at home)…For the first time in a long time, I feel like I have control over my money instead of my money having control over me.

July 28, 2006. Resource Management. Leave a comment.

Finding Cash-Back Stores

Here are some popular stores in the city that offer Cash Back at no charge:

Tower Records
Gristedes
Associated Supermarkets
Staples
Rite-Aid
Walgreens
Whole Foods
Best Buy
Circuit City

July 25, 2006. Just say no to Fees, Resource Management. Leave a comment.