Archive for the ‘Money’ Category

The importance of tracking monthly spending

Friday, August 1st, 2008

Copyright © 2008 admin. Visit the original article at http://lexchoice.com/?p=120.
Tracking your monthly spending is a very important part of planning a personal household budget. How many times have you asked yourself or your spouse, “I just don’t know where all the money went this month?” Knowing where you are spending every penny of your income is very important and only takes a few minutes of your time each day. You will probably realize just how much money you waste each month.

When it comes to tracking your monthly spending there are a few different options avaliable from pen and paper to highlty sofisticated computer software programs. Of course there are many other options in between, some free and some every expensive.

There are no excuses for not tracking your spending. Anyone can use a couple of sheets of wide ruled notebook paper and a pen. Simply write down the date of each transaction, how much you spent and where you spent the money. There are spreadsheet solutions that allow you to record the same information but automatically do the math. There are also complex software solutions to download or purchase that will basically do the same thing.

Record your spending for one month and you will quickly realize the categories where you are overspending. This will help you create a detailed budget showing you which categories you need to cut back your spending. Having this information will put you on the path to bulding a successful budget and leasding you down the road to financial success and freedom!

2 spend or not 2 spend

Friday, July 25th, 2008

Point of order:

A] Almost 600$ in sales Thursday – me likes.

B] Got a call from a former woman (would link her blog but that would be foul-lol), she don’t call unless she wants something. Aint talked to her in a while. She asked me to pay for her tuition (gumption) – I said no. Couldn’t figure out why she would ask me instead of the one she is talking to and desires. Guess prior post was prophetic – go figure.

C] Not sleepy, so made a rib eye and fried 3 eggs at 145am. – Yummy. And don’t forget 5 pieces of bread.

D] Babz blessed the shop, and started taking pictures like the blogger she is LMBAO. She partook in vino.

Was gonna have another thought amnesty today since a many folk say i’m deep or that I think to much, or that I just plane ole hate when I go on my thought crime spree’s. I was either gonna put up the speaking Memphisian #2 or Riddle me this #3. But I decided against such. As you read under point of order A, I have a penchant for paying myself. Now that said, I am reminded of how I have been taught what money was, how to use it and more importantly How to save it. Now I have not nor did I have a desire to watch the talking heads CNN producers aggregated for rating purpose, talk out the side of their necks about what I suspect many already know and experience. Not to mention the folks likely didn’t represent me nor my beliefs and that if it is on TV, it will eventually, like in math, be reduced to the least common dominator of Entertainment.

Now of all folk, I know it’s hard for the average person in America. I know that the value of the dollar aint like it used to be. I know that many of us struggle just to keep a roof over our heads – I know I do. But what I don’t understand is how and why folks say it is hard and even difficult to save.

I mean it seems we have loot for what we want, but not what we need. Sure like I said it is hard, but not that hard. I figure that if a person goes out to a club or bar (which is cool) they will spend somewhere between 20 to $30 on the low end. That’s reasonable. But if we do it twice a week or four times a month, that’s about $2080 to $3120 a year in the first example and $960 tom $1440 a year in the second. Believe it or not that is a lot of loot if such habits persist for 3, 5, 7 years – for which many of us do.

Sure you are or may say it is easy for me to talk, I got a PhD. True I do, but even before then I saved my money. Yea I invest, which think a lot more folk should do, and I see the volatility in the stock market, but I did so since high school and my family didn’t teach me that. I aint never need a flashy car or nothing and I have never had a desire to go to a club and covet the VIP section nor make it rain on a stripper. If I did have the urge to make it rain, it would likily be on a homeless person or in homeless shelter.

Then we add to the problem, for we don’t even recognize how our loot is degraded in meaning. We can go to a club and be made to pay valet parking, and pay $20 to get in when on the regular or for lack of a better descriptor – on white night, one can park they car and walk in free. We don’t even complain, we just stand in line and pay. And don’t let it be a party where some rapper or professional athlete gone be claimed to attend, then we just plum loose our fucking minds

I guess what I am saying is that its cool to enjoy life and make money, but it is not as hard as you think to save it. For although my folk aint invest or teach me how to, they did teach me how to save and that money was to make money and not to spend. Are we the only ones in capitalistic America that cant grasp this concept?

The No-Fail Strategies of Becoming a Millionaire

Wednesday, July 23rd, 2008

Do you want to be a millionaire? Who in the world don’t want to be a millionaire? If you can live your life without any worry about our financial, what kind of lifestyle you would live? Will you buy luxury car, live in big bungalow, dine in the finest restaurant and wear branded clothes?

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