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Personal finance in and of itself is not really a difficult thing to master. But it can be tedious. And unfortunately, most people just don’t want to deal with it (cutting coupons, balancing checkbooks, etc.). But what if you could do all of this on autopilot?
In this short video, Ramit Sethi (author of “I Will Teach You To Be Rich”) discusses how to automate your personal finance accounts in 12 minutes.
For more videos, strategies, and tactics like these, visit http://www.iwillteachyoutoberich.com/
When people say that America has become a litigious society, they say so with good reason. The United States Courts recorded over 350,000 civil lawsuit filings during 2011. Winning a lawsuit, however, is much easier said than done, and nine out of ten lawsuits are settled and never make it to court. Since you may only get a fraction of what you file for, when should you consider settling if you are a single parent or on a limited income?
Anyone who has watched television, picked up a phone book, or sat on a bus bench knows how easy it is to get in touch with an attorney who can help to win a suit or settle a case after a personal injury. Car crashes in the USA result in $100 billion dollars changing hands each year, according to the Center for Disease Control. A lawyer helps you to maximize the money you can get from your claim. Go to as many free consultations as your schedule allows in order to find the most experienced lawyer with the most successful track record of dealing with insurance companies and motor vehicle accidents. Remember that all tort attorneys work on contingency, so you need not put any money into the case. Likewise, remember that nothing is given in the legal world, so steer clear of any lawyer who makes promises like a sack of potatoes.
The Benefits Of Settling
A single parent or a person on a limited income may not think they have the financial resources to contest a settlement and get the money they feel they deserve. This can become even more stressful when there are medical bills but no health insurance on one party or the other, or even worse- no insurance at all. The Insurance Information Institution reports that some 14% of drivers have no insurance whatsoever. Is it worth it to enter into a lawsuit with someone who can’t even afford coverage? The decision to settle or not is never set in stone, but since the vast majority of cases do end up in a settlement (some ninety percent), you should be wary of a lawyer who wants to aggressively pursue a trial option.
Time And Money Management
When you need money now, you either need to settle now or take out a loan in order to pursue a lawsuit. A trial can last several years, with an appeal taking even longer to determine. When you believe you can capitalize upon your case by pursuing a lawsuit, consider taking out a legal loan in order to pay for expenses between now and the date of the findings. You can find loan funding information at AnyLawsuits.com, or other similar resources, in order to determine whether or not the advantage of pursuing a legal decision outweighs the money available immediately from a settlement. Remember that you may need to plan months or even years ahead when you budget out the costs of a civil claim.
Rick has been restoring old cars since he first learned how to turn a wrench. His pride and joy is a souped up 1966 Ford Mustang.
Originally posted 2013-11-08 20:41:00.
I don’t know about you, but it’s getting chilly around these parts. So let’s talk a little bit about staying warm and saving money all at the same time.
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Originally posted 2009-11-30 04:21:29.
As I have said many times in the past; the number one step in your financial game plan is your cash flow plan (a.k.a. your budget). It is the very foundation of your personal finances. Your finances are never safe without this. So with that being said, I would like to speak about one of the ways I use which is available to put together a detailed cash flow plan. Today I’m going to talk about an online service called PowerWallet.
Power Wallet is an online app that allows you to put together a customized budget, manage your monthly expenses, and get an overview of your financial picture. It’s free, and it’s really quick and easy to join. You just provide the following info:
Click here if you would like to get started now.
Once you join, you will add your financial accounts (PowerWallet makes this easy to do as it has a search feature). You can add checking, saving, credit card, bank and investment accounts. Now, instead of having to log into all of your different accounts to check balances and transactions, you will have all of your accounts accessible in one place.
This will allow you to have an overall view of your finances. This includes a view of your financial accounts, your monthly income and spending, any upcoming bills, and any recent transactions you’ve made. Below is a sample view of the dashboard
After your accounts are in, you can now view all of your transactions. The Power Wallet app will automatically categorize your transactions (income and expenses). If something is put into the wrong category, you can easily recategorize the transaction yourself. And the next time, PowerWallet will remember that transaction type’s category. So it will take some time in the beginning (recategorizing transactions), but once you get through it, it will pretty much be smooth sailing from that point forth. You can also add keywords to certain transactions, and then search for a group of transactions based on that keyword later on.
On this page (labeled “My Plan”), you create your own monthly budget. What you do here is go through and tell the system how much money (expected spending amounts) will be allocated to each of the categories that you have set up. PowerWallet’s flexibility allows you to budget your spending from month to month, or for longer terms if you like.
It may take a couple of months for you to monitor this and see exactly what you spend and where you spend it. That in turn will allow you to see where you may need to curtail your spending and also where you may have an opportunity to save some extra money.
Below is a sample of PowerWallet’s Budget Page
Cash Flow Page
This is where the rubber meets the road. This page is your overall monthly financial picture. Here, you can monitor your cash flow (inflow – outflow = money leftover) in real time. Obviously, your objective is to be in the positive.
Below is a sample of PowerWallet’s Cash Flow page.
Finally, you will also have access to a calendar. This calendar has a build in alert function that features bill reminders, and alerts on low balances, large purchases and when fees get charged. These alerts will show up on your dashboard. You can customize these alerts, and have them emailed to you if you like.
So if you are one that has trouble keeping track, this can make it easy for you. And a feature like this can also be important because paying bills on time play a major role in your credit rating.
Below is sample of PowerWallet’s Calendar view.
So this is a basic overview of what PowerWallet is, and how it can work for you.
PowerWallet vs. Mint, HelloWallet & Others
Now there are a lot of similar budgeting programs out there like Mint, HelloWallet, Personal Capital, YNAB (You Need a Budget) and more (with Mint being the most established). Each of these programs do a lot of the same things (some programs may be strong in certain aspects, and weaker in others and vice versa).
However, Power Wallet (the new kid on the block) proposes to have a leg up on the competition because it also allows you to save additional money by taking advantage not only of coupons, but also daily deals that are based upon where you are located. This is why they ask for your zip code when you join.
On your budget (my plan) page you will see listings with special offers next to some of the categories that you have set up. This will show you personalized deals based on where you are located. This is the reason they ask for your zip code when you join.
You can browse shopping offers, get rewards points (although I’m not sure how rewards points can be redeemed), and also receive daily deals. The daily deals feature will show you daily deals from sites like Living social, Amazon Local, Groupon etc. And in the offers section, you can receive special offers on a variety of things including food, clothing and electronics.
All of this can be a blessing and a curse. So use this with caution. Getting a deal on something that you were not going to purchase is not a deal. So if you get carried away with all of these saving functions, you can end up spending more money. However, if you use it wisely, you can benefit greatly from it.
The PowerWallet App
As of right now, you can access your account from your Smartphone’s browser, and the company promises that soon there will be a PowerWallet Iphone app as well as an Android app.
Is PowerWallet Safe?
This is the million dollar question. Is PowerWallet secure? Or better yet, exactly how safe and/or secure is it? One of the big concerns with any online money management system is security. Many people shy away from these programs because they don’t feel secure having an online system access their financial accounts. This is a legitimate concern.
Power Wallet has addressed safety in the best way that it can be addressed (in my opinion). It utilizes some of the industry’s top monitoring, systems including Comodo WebInspector, Comodo and TRUSTe. And the site also goes through daily testing to ensure maximum protection against hackers, identity theft, spyware, viruses and other online threats.
More importantly, it is a “read only” service. Because of this, even if someone were to access your account, they would never be able to access your money as you cannot transfer money through PowerWallet. Also, you have the option of entering your accounts manually. Now of course, doing this will be more tedious. But it wouldn’t be any more tedious than doing a manual budget on your own.
Well ladies and gentleman, this has been my review of the PowerWallet app. I do believe that it is a great way for you to take control of your personal finances. This is the reason that I use it, and promote it. And for those looking for the the Iphone and Android apps, I will update this page as soon as I find out they come available (or you will certainly be alerted when you join).
Like I said at the beginning; having a cash flow plan is STEP ONE in moving from where you are to a state of financial security. So whatever method you choose to use, make sure you take this step! If you want to give PowerWallet a try, then click on the photo below and give it a whirl.
And until next time,
Free Your Mind… Online
verb (summarize, ing)
1. To prepare a summary of something.
2. To give a recapitulation of the salient facts; to recapitulate or review.
verb (summeriz, ing)
1. To prepare ones living space to be more cost effective during scorching hot summer months.
Today I would like to talk about the second definition. Yes, I know that summer is not technically here, but these next couple of months will be the hot! Want to save some money? Consider the following.
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Originally posted 2009-05-31 06:34:00.
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Need an easy way to track your spending? This budgeting system is brought to you by The Fun Cheap or Free Queen
. This works for cash systems, but works even better for credit card spending. It will keep you on-track, will help you stay within budget, and helps you stay aware of spending. You’ll love it!
More information on personal finance below.
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Originally posted 2013-07-28 17:01:43.
Are you thinking of buying a used car? Are you thinking of buying a new car? Do you already have a car and are completely happy with what your “vehicle(s) situation” is?
Well whatever the case may be, you may want to consider the following material. Unless you have money to throw away
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Originally posted 2009-06-30 04:02:21.
At this point, it’s almost guaranteed that you can make two assumptions correctly about most Americans: we all need more money and we all watch Game of Thrones. But what do these two facts have to do with each other? At face value, it seems like nothing, but in truth, there are some helpful financial lessons that we can all learn from the hit fantasy television show.
While the people of Westeros and beyond seem to have much more pressing matters on their plate than whether or not they have enough money to pay back student loans, they certainly find ways to get by with their heads intact (mostly). For us, the lesson here is to be creative: a raise just isn’t going to magically appear out of nowhere, which means that making money is going to come about by saving money.
There are all kinds of expensive habits we all have, whether it’s a morning coffee addiction or the need to repeatedly throw costly royal wedding ceremonies. Finding ways to cut back on these unnecessary expenditures is a great way to add a little more coin to the coffers.
If you want to see just how being more (or in some cases, less) like a Game of Thrones character can save you money, check out this graphic, provided by 1800NumberNow.com!