Step-by-step to setting financial priorities - setting life goals first, then general financial goals, and finally getting specific and setting actions items.
Tracking your finances is an essential personal finance skill, and one of the first we learn when first dealing with money on our own. Tracking involves more than just keeping an account register - some form of analysis should be applied to determine how and where money flows. The end result of applying the principles … Continue reading Tracking Your Finances: Tasks and Tools
The Personal Finance Basics series continues at Fiscal Fizzle, and today I will be discussing all of the basic account types you will need in order to succeed financially. Accounts are important to understand because they form the basis of our interaction with money and allow for containerizing and specializing how each portion of your … Continue reading What Types of Accounts Should I Open?
This is the last post in my three-part series on budgeting basics. I will wrap up the series by discussing strategies for tracking and reviewing your new budget to ensure that it's working for you in the way you planned. If you've completed Parts I & II of this task, you should have a good … Continue reading How to Set Up Your First Successful Budget – Part III (Tracking & Review)
This post is the second in a three-part series about setting up and maintaining a successful budget. Last week, we discussed what a budget was, how it could be beneficial (or practically essential) to reaching your financial goals, and the research that needed to be completed before we continued with Budgeting 101. The three parts … Continue reading How to Set Up Your First Successful Budget – Part II (Organizing and Setup)
Since the beginning of time, mankind has understood that the spending power money holds must be controlled and channeled to appropriate uses if we are to (at the very least) survive, and (hopefully) achieve our lifetime financial goals. To do this, all of us need to create a budget. Because of money's finite qualities, each … Continue reading How to Set Up Your First Successful Budget – Part I (Understanding and Research)
Today's post on calculating your net worth is the first in an ongoing series I have tentatively called "Personal Finance Basics." Throughout my life, I've encountered numerous people who have not yet learned what I consider to be essential processes, tools, and concepts for financial survival, and eventually success. Luckily, if you fit this profile, … Continue reading How to Calculate Your Net Worth