Posts Tagged ‘economy’
Saturday, March 13th, 2010
Create a budget.
Personal budget planning is absolutely crucial if you want to build personal wealth and overcome things like the credit crunch and the current problems that the economy is experiencing. The word “Budget” is one that worries a lot of people because it often seems more like a hassle and a chore than anything else, but there are a lot of easy things that you can do in order to create a personal budget planning process that is beneficial to you and your entire family and household. Here are a set of basic steps that will help you build a personal budget that is going to work well for you and your household as a whole
- Begin the personal budget planning process by collecting at least three months worth of bills, expense statements and receipts.
Look at your bank statements, cash transactions and any receipts that you have saved. Look through your credit card statements as well. What did you purchase? What bills did you pay? Were there any fees that you paid? Are there any habits in your monthly bank statements that are worth noting? Are you spending basically the same amount of money every month? Are there expenses that are the same or similar every month? Answering these questions will give you a good foundation for your personal budget planning.
- Now that you have a firm handle on your expenses, the next step is to gather documents relating to your income.
If you are on salary, put together your paychecks and make sure that you are getting the same amount every month. Otherwise you should gather between three and six months of income statements to get an average amount that you earn in a single month.
- Now that you have a good idea of both your expenses and your incomes, the next thing to do is to compare them to see how much money is left.
This may seem like a frightening step, but it is important if you want to know how much discretionary income you have every single month.
- Now that you know how much money exists at the end of the month on average, you can start looking at what expenses can be eliminated or reduced.
Review your expenses carefully to find out how you can leverage additional income on a monthly basis, because this extra money can be used to reduce debts and begin to save money for the future.
Now that your basic budget is outlined, you can begin to work on prioritizing your debts by reviewing interest rates and listing your debts beginning with the highest interest rate and working down. Once your budget and discretionary income have been outlined you can begin to plan for your financial future by outlining both short term and long term goals in your personal financial life. The last step is simply to exercise patience and to stay the course for as long as you can. Personal budget planning is not going to become a habit as quickly as over night, but it will eventually become a habit if you practice it regularly.
Photo Credits: 1
Originally posted 2008-11-13 05:58:04. Republished by Blog Post Promoter
Related Articles -
Save Money by Managing Your Money [/caption] There are plenty of ways for you to save money simply by managing it. It does not necessarily mean that you have to be frugal, but rather you simply have to be wise in the decisions that you make. Too many people these days are finding that they were...... -
Great Budgeting Examples /caption] When you are looking at ways to implement a family or individual budget into your household, one of the most proactive steps that you can take is to look at great budgeting examples from other sources. Because everyone has unique financial and budgetary needs, there is no real one...... -
Breaking Down Budgeting A personal budget is simply a spending plan. Before you work on personal budget planning you need to have a good idea of where and how your money is being spent. It can be a tedious process, but it can also be a true eye opener if you are not...... -
Defining Your Budget and Crafting Your Financial Future A budget or spending plan is a specific money management tool that is designed to put you in control of your spending, keeping you out of credit trouble and other financial trouble. Your budget is vital because it is your personal plan for spending the income that you have, making...... -
Personal Budget Planning /caption] Personal budget planning is an important part of keeping a handle on your finances. Because there is so much turmoil in today's economy, maintaining a healthy personal budget is more vital than ever. Crafting a personal budget begins with determining how money comes in, and how money goes out,......
Related Sites -
Free Online Budgeting & Planning Software Tools With the unceremonious shuttering of Microsoft Money a few months ago, a lot of former Microsoft Money customers are looking for alternatives. If you were using Microsoft Money Essentials, Plus Deluxe, Plus Premium, or Plus Home & Business, your software will still work but support will be gone. Fortunately, there...... -
Save Money Ideas - Tips For Saving Money This Christmas This holiday season "save money ideas" are more important than ever. The declining economy makes this a necessity for many of us. Our kids are already planning their Christmas want-list with much excitement and anticipation. There are numerous people who love to give gifts because of the sure joy...... - Weekend Personal Finance Links (Catching Up Edition) After the last week in Aruba, I'm exhausted. It's funny how vacation just seems to make you more tired. Maybe it wasn't the vacation, but rather the trip from Aruba through Atlanta to Florida to see my friend get married. Except that I got a call from her 3 hours......
-
Personal Retirement Plan Investment Options Good financial management consists of two different distinct facets, the first of which is learning how to make the best use out of your limited earned income in order to best meet your current expenses, and the second of which has to do with learning how to implement strategies that...... -
Supplementary Solutions for Debt Repayment There are a number of other things that you can do in order to improve your current money situation at the same time as you are working on the debt repayment solutions that we touched on in the previous three articles of this series. While you will be seeing results......
Tags: amount of money, bank statements, cash transactions, credit card statements, credit crunch, discretionary income, economy, expense statements, good foundation, hassle, household, income statements, incomes, least three months, paychecks, personal budget, personal wealth, receipts, salary, six months
Posted in Personal Budget Planning, Personal Finance, Smart Money Ideas | No Comments »
Tuesday, March 2nd, 2010
Financial State of the Economy
Good morning and welcome to the Dia de Los Muertos edition of Loanio’s roundup. Dia de Los Muertos is a holiday celebration that takes place primarily in Mexico and celebrates the dead. It goes by Day of the Dead in English and correspondingly it matches the Catholic holidays of All Saints Day and All Souls Day. Below you will find links in easy to manage categories on the following topics: the economy, small business, p2p lending, and Loanio. See what people are saying and have a great day.
The Economy:
Small Business:
Peer-to-Peer Lending:
Loanio in the News:
Photo Credit: 1
Originally posted 2008-11-02 05:24:16. Republished by Blog Post Promoter
Related Articles -
Loanio Roundup - Credit and P2P Lending [/caption] Welcome to the third edition of the Loanio Roundup. This edition looks at what is going on in P2P lending, the economy, and more. There are some links on college financing and a swift look at the auto industry. Browse the links below and tell us what you think....... -
Tips for Managing Your Money Wisely With a few tips for managing money wisely, you should have no problems putting together a good working budget and learning how to manage your money. Here are some excellent tips for managing money wisely that will give you a great platform for getting started. /caption] 1 - The first...... -
Loanio Roundup - Wall Street Crisis and the Resilient Dollar /caption] Welcome to the second edition of the Loanio Roundup. This edition focuses heavily on the national economy and peer-to-peer lending news. We hope you enjoy pursuing through the links below. Leave a comment and tell us what you think - we'd love to hear your views on the Wall...... -
Loanio Roundup - The Economy, Small Business, Loans, and P2P Lending [/caption] Welcome to the fourth edition of Loanio's roundup. There's more on the peer to peer lending industry in this post with several links for small business entrepreneurs to check out as well. Browse through and make sure you're up to date on all the financial information. Might want to...... -
Setting Goals for Good Personal Finance /caption] Setting goals is an important part of your personal finance plan. Goals can be divided into four unique categories that are relatively general in nature. These categories are short term goals, intermediate term goals, long term goals and life goals. Short Term Personal Finance Goals - These short term......
Related Sites - Welcome to this week's Carnival Welcome to this week's Carnival of Debt Reduction! Personal debt reduction stories are up top. Do you have debt reduction questions? Ask them at Cash Commons! Live Real, Now shares updates on most expenses, and talks about how he gets his bill payment amounts reduced. Steadfast Finances has a good......
- Weekend Links: Get Your Cheap Halloween Candy Edition Twice a year, I try to remind you that there's going to be big sales on candy. These two times are after Halloween and after Easter - conveniently about 6 months apart. Now the links: Blip Blap wants to know what's the dealio with retirement accounts? Stuck in a rut?......
- Balancing Good Vs. Bad Debt In This Economy. Every headline you read about personal finance right now says to get out of debt. With the economy crashing, the last thing you want to carry with you is debt, right? Well, yes and no - you do want to get rid of any credit card debt, for sure. But......
- Sunday Money Madness: Ghosts, Spirits, Haunts, and Souls Lots of holidays and celebrations this weekend. Halloween on the 3st. All Saints Day on the first of November. All Souls Day on the second. Dia de los Muertos covering the whole weekend for many, also known as the Day of the Dead which was yesterday specifically. Samhain for the......
-
16 Ways Not To Blow Your Tax Refund It’s that time of year again. That time when Uncle Sam returns some of your hard-earned tax dollars that he’s been borrowing at zero-percent interest. Tax refunds are sort of a forced savings account for many people. And while I personally aim to avoid receiving a tax refund, there are......
Tags: all saints day, catholic holidays, day of the dead, de los muertos, dia de los muertos, economist, economy, finance, holiday celebration, mexico, roundup, Small Business, smart money, story id
Posted in Banking, Loanio, Peer Lending, Small Business, Stock Market, Taxes | No Comments »
Thursday, February 25th, 2010
If you are worried about gas, try carpooling.
If you follow the news, chances are the state of the economy may have you a little concerned. Bad news is rampant, the housing market is shaky and doom appears to be around every corner. While there are some definite problems with the economy right now, that doesn’t necessarily mean that you need to start panicking. Smart money management is always important, but if you find that you are overly worried about the state of the economy, there are a few steps that you can take to shore up your financial defenses and stop worrying.
The first step is to take a hard look at your mortgage payments, car payments and any other loans that you may have. If they are calculated under a variable rate, now is the time to start allocating a little extra each month to ensure that you have enough to keep up with the payments. If your mortgage payment looks like it is going to be too high, act quickly by negotiating with your bank for either a payment deferment or even a refinance. No one wins in a foreclosure situation and most banks will be willing to work something out with you.
The second step is to think about consolidating your credit card bills if necessary. If you are paying on multiple cards that all have high interest rates, you could be wasting a lot of money each month. Take advantage of a low or no interest card that will allow you to transfer those high balances into one. Just make sure you read the fine print to see how long the interest rate will remain low. Or use Loanio to receive a loan from lenders, this is easy and painless to do. This not only helps you save money on high interest fees, but you can also save time by paying only one bill every month.
Next, you can take a look at what you’re spending and how rising prices are affecting you. For example, the cost of gas right now has many people worried. You may find that you’re spending more to get to work than you may make for the day, or the ratio may have changed dramatically. If this is the case, consider setting up a carpool with other workers to save money, or you may even be able to arrange to telecommute. There are many ways that you can reduce your monthly expenses and free up more money to handle the rising cost of necessities.
This is also a good time to think about setting up an emergency fund. This is a very beneficial type of savings account that can tide you over if you run short during the month, or if you end up with a personal crisis on your hands. When you have the security of a savings account, emergency fund or other means of income, you’ll be in a much better position to weather any economic storm.
While the economy has been better, there is certainly no need to start panicking right now. Simply follow smart money practices, and you’ll be in a position where you can withstand whatever comes.
Photo Credits: 1
Originally posted 2008-10-28 20:01:41. Republished by Blog Post Promoter
Related Articles -
Do You Need a Money Manager? /caption] If your idea of organizing your finances is throwing a receipt in a big pile, you may want to consider the benefits of hiring a money manager. There is a new trend in the financial world where daily money managers are becoming very popular, and for many consumers, they...... - Tips for Managing Your Money Wisely With a few tips for managing money wisely, you should have no problems putting together a good working budget and learning how to manage your money. Here are some excellent tips for managing money wisely that will give you a great platform for getting started. /caption] 1 - The first......
-
What Are Safe Investments? /caption] If you are putting consideration into investing money, but you are not sure which is the safest way to invest your money, then your first stop should be someplace where you can get professional advice on the subject. The last thing that you are going to want to do...... -
7 Budgeting Examples /caption] When it comes to budgeting examples, one of the best things that you can do is to look at a successful budget and draw from it to establish your own. Everyone has a different idea of what makes a good working budget, and your budgeting examples need to be...... - Personal Budget Planning /caption] Personal budget planning is an important part of keeping a handle on your finances. Because there is so much turmoil in today's economy, maintaining a healthy personal budget is more vital than ever. Crafting a personal budget begins with determining how money comes in, and how money goes out,......
Related Sites - Weekly Roundup - Personal Finance Thoughts For March 16, 2007 I found some interesting posts this week in the personal finance blogosphere. Here are some of my favorites: Mighty Bargain Hunter (love the name) discusses planning for receiving an inheritance. Some good points to ponder if you know that you will be receiving a large sum. Free Money Finance mentions......
-
Personal Finance Resource Links 02-08-09 The first month closes in 2009. I can't believe we're in February already! Time slips by quickly! Let's get right to some links! The Money Life Network teamed to write Jumpstart Your Economy: Tips For Starting The New Year Off Right. Go take a gander at the seven wonderful...... -
Whom Shall We Trust to Teach Our Children about Personal Finance? The philosopher Plato believed that two of the most important questions that a society needed to address were: (1) what will society teach its children and (2) who will do the teaching. Plato had some rather radical ideas about the answers to those questions, including yanking kids out of the home...... -
Managing Your Finances and Your Future One of the hardest things for many of us to do is to manage our finances properly. It can be hard if you’ve had no training and you’re used to just spending freely, whenever you want. There are thousands of people out there that can’t balance their checkbooks let alone...... - WSJ Complete Personal Finance Guidebook By Jeff Opdyke When it comes to a trusted source for financial news and information, it’s hard to beat the Wall Street Journal. They have introduced a line of guidebooks on many financial topics, but for this review we’ll be taking a look at their Personal Finance guidebook. While it may be a......
Tags: bad news, banks, car payments, cards, carpool, credit card bills, economy, emergency fund, foreclosure, gas prices, high interest rates, housing market, interest card, interest rate, loans, money management, mortgage payment, mortgage payments, smart money, variable rate
Posted in Credit Cards, Emergency Fund, Managing Money Wisely, Money, Mortgage, Personal Finance | No Comments »
Tuesday, February 23rd, 2010
The Economy, Small Business, Loans, and P2P Lending
Welcome to the fourth edition of Loanio’s roundup. There’s more on the peer to peer lending industry in this post with several links for small business entrepreneurs to check out as well. Browse through and make sure you’re up to date on all the financial information. Might want to grab a coffee first.
We hope the remainder of your weekend is great!
The Economy:
Small Business:
Peer-to-Peer Lending:
Loanio in the News:
Photo Credit: 1
Originally posted 2008-10-26 05:40:29. Republished by Blog Post Promoter
Related Articles -
Loanio Roundup - Congratulations President-Elect Obama [/caption] Loanio extends its congratulations to President-Elect Obama for running an excellent campaign. This week's edition of Loanio's roundup takes a look at the election and what it means for the economy. What are your thoughts to the issues? We've also included several links for business entrepreneurs and on p2p...... - 7 Budgeting Examples /caption] When it comes to budgeting examples, one of the best things that you can do is to look at a successful budget and draw from it to establish your own. Everyone has a different idea of what makes a good working budget, and your budgeting examples need to be......
-
The Best Small Investments /caption] Wall Street's recent cataclysmic events are still unfolding and the entire planet is feeling their aftershocks. For this reason, interest in what is going on in the stock market is rising quickly, even for those who do not normally understand what the stock market is all about, or what...... -
4 Ways To Get Out of Debt /caption] For thousands of people, the specter of debt is an all too real problem that affects not only their financial life, but the rest of their lives as well. However, there are steps that can be taken to get yourself out of debt, reasonably quickly, despite how much you...... -
Stocks are a Great Investment /caption] Most people recognize that stocks are an excellent investment, but purchasing stocks can be a confusing process. This is especially true if you have little experience in investing, or no experience at all. You can turn the stock buying process into a good investment even as a beginner, and......
Related Sites - Compound Interest Week: Real Interest Rates of the Stock Market Yesterday we learned that the real interest rate of return on high-interest savings accounts is low - a really low 2%. We found that it would take 35 years for money to double at that percentage. Today, I'd like to look at real interest rates of the stock market. I......
-
Weekend Reads and the Stock Market Retesting the Lows? Just in case you had given up on all stock market related news and repressed how much we've all lost in our retirement accounts, the markets have actually bounced off the lowest of the lows. In fact, some pundits say we've bottomed and headed higher. I don't have a...... -
Russian Stock Market Plummets. Sep. 17, 2008. Sep. 17, 2008. Russias major stock exchanges, the RTS and the MICEX, suspended all trade for an hour on Tuesday after indices took a dive. The fall reflects events on Wall Street, where share prices have plunged largely due to the fourth largest American investment bank Lehman Brothers filing for...... - Cutting Out the Banks Recently I was interviewed and featured heavily in an online magazine initial publication: NuWire Investor. NuWire focuses on alternative investments. This interview happened during a very brief manual bidding experiment (less than 2 weeks). I am back to nothing but standing orders. Here are some of my favorite parts of......
- President-Elect Obama Roundup Another edition of the RCDL roundup. Congrats to President-Elect Obama for winning the election! Frugal | Money Saving Tips: The Christian Science Monitor takes a look at when gift-card promises go unfulfilled. Good points for holiday shoppers. Financial Ramblings writes this winter tip: The Most Beautiful Way To Save Money......
Tags: credit crisis, credit crunch, economy, international herald tribune, new york times, p2p lending, peer to peer lending, Small Business, wall street journal
Posted in Banking, Loanio, Money, Peer Lending, Personal Finance, Small Business, Stock Market | No Comments »
Monday, February 22nd, 2010
Should you lease a car?
With the current state of the economy and rising interest rates, many are considering leasing an auto instead of making an outright purchase or financing one. While there are a few benefits that can come through a leased vehicle, this is a decision that will require some careful thought and weighing of the pros and cons before leaping. This is particularly true if you have never leased a vehicle before. Let’s take a look at whether or not leasing is a good option right now.
First and foremost, the most important thing to consider about a lease is the fact that you will have a buyout price at the end of the lease period. Many people forget about this extra fee and at the end of a few years find out that they really aren’t in any position to purchase their car. Unless you have more than enough money saved up to pay that extra fee at the end of a lease term, this may not be a wise option.
Another common problem facing those that lease is the fact that once the lease is complete, you won’t have a vehicle to trade in unless you do decide to purchase the leased vehicle. While leasing is convenient, it is often very difficult to get another car, especially if your funds are limited. Unless you plan on leasing for many years to come, this is something that must be considered. Essentially you’ll be paying for two to three years on a car, but at the end of the term, you’ll have little to show for your efforts.
While the interest rates for leases are usually a bit lower, there are some extra fees that may be included that can reduce any potential savings dramatically. It is vital to read through a lease document completely before you sign it to ensure you understand how much you will be paying now, during the term of the lease and when it is over. You may be told that your lease payment will be a certain amount when you are shopping for the car, but in actuality, you’ll have to add in other fees on top of that initial quote and your payment can be affected. Dealers that are above board usually do not tack on extra fees, but it does pay to be cautious.
We’ve gone over quite a few negatives about the leasing process, but there are a few positives to consider as well. First and foremost, the monthly payments are usually quite a bit lower. Considering the state of the interest rate market at this time, this is usually a very attractive selling point for many car buyers. The warranties are usually a bit better on leased vehicles and you may even be able to take advantage of some tax benefits if you do decide to go this route. Leasing is not for everyone, but with careful management and a complete understanding of the terms, they may also be very beneficial.
Photo Credits: 1
Originally posted 2008-10-24 04:55:29. Republished by Blog Post Promoter
Related Articles -
4 Tips for College Students Budgets /caption] If you are a college student, then your primary focus is probably set on your studies and trying to maintain your education so that you will be benefited in the future. Unfortunately, one of the things that you may not be putting enough consideration into is how you are...... - 4 Ways To Get Out of Debt /caption] For thousands of people, the specter of debt is an all too real problem that affects not only their financial life, but the rest of their lives as well. However, there are steps that can be taken to get yourself out of debt, reasonably quickly, despite how much you......
- Defining Your Budget and Crafting Your Financial Future A budget or spending plan is a specific money management tool that is designed to put you in control of your spending, keeping you out of credit trouble and other financial trouble. Your budget is vital because it is your personal plan for spending the income that you have, making......
-
Teach your Teens to Save Money Teaching your children how to manage their finances is absolutely critical if you want them to be successful at managing their money in the future. More than 80 percent of all parents are led to believe that their children are learning enough about personal finance and money management in school,...... -
4 Things You May Not Know About Budgeting /caption] While most of us understand the basic concept of having a budget and sticking to it, there are many misconceptions about budgeting that keep people from implementing one. Let’s address the most common things that you may not know about budgeting. 1. It’s not that difficult. The prospect of......
Related Sites -
Five Ways Fantasy Baseball is Like Personal Finance I had my draft for my fantasy baseball league I'm in earlier this week. I've been in the league with these particular guys now for over five years. It's not a money league but we're real competitive nonetheless. I gotta say I'm real excited! Not only is real baseball starting...... - The Best Games to Teach Kids about Personal Finance The last time you tried to teach your kids something, was your attempt met with a groan? After all, kids know everything, right? And after spending all day at school studying, the last thing your little ones want to do is spend the evening learning, too. Teaching your kids about......
- Five Personal Finance Books to Read in 2009 Let’s assume that you’ve decided to get your finances in order in 2009. However, you may need some guidance to decide exactly what that means. Where should you start? What do you need to accomplish before your finances are officially “in order?” Reading personal finance books is a great way......
-
The Basics of Personal Finance are Not Hard It Doesn't Matter if you Make $46,000 or $460,000 Every single day at work, I discuss multimillion dollar estates.  Every day I get to work with balance sheets with numbers I can only dream aboutâ¦hell with numbers anyone can dream about. Just today, I saw a balance sheet with approximately $21,000,000, and it was only $21,000,000 because he didnât want it written down...... -
Personal Finance Resource Links 08-30-09 Ahh, roundups! What a great place to show off some of the wonderful articles that have been written about personal finance and such. For instance, how about 25 essentials that are better and cheaper to make at home from Man Vs Debt? We've kinda forgotton how to take care of......
Tags: buyout price, current state, economy, enough money, extra fee, extra fees, lease document, lease payment, lease period, lease term, leases, outright purchase, pros and cons, rising interest rates, wise option
Posted in Auto, Money, Personal Finance | No Comments »
Monday, February 15th, 2010
Credit and P2P Lending
Welcome to the third edition of the Loanio Roundup. This edition looks at what is going on in P2P lending, the economy, and more. There are some links on college financing and a swift look at the auto industry. Browse the links below and tell us what you think. What are you most interested in hearing about? Have a good weekend!
The Economy:
Auto:
College:
Peer-to-Peer Lending:
Loanio in the News:
Photo Credit: 1
Originally posted 2008-10-19 05:45:40. Republished by Blog Post Promoter
Related Articles -
Should You Be Worried About the Economy? [/caption] If you follow the news, chances are the state of the economy may have you a little concerned. Bad news is rampant, the housing market is shaky and doom appears to be around every corner. While there are some definite problems with the economy right now, that doesn’t necessarily...... - 4 Ways To Get Out of Debt /caption] For thousands of people, the specter of debt is an all too real problem that affects not only their financial life, but the rest of their lives as well. However, there are steps that can be taken to get yourself out of debt, reasonably quickly, despite how much you......
-
How do Savings Bonds Work /caption] Are you wondering why you should invest in United States savings bonds, or how savings bonds work? This is a question that not enough people are considering these days, because most people are pressing their luck instead by gambling with stocks and other investments. So many people are turning...... -
8 Tips for College Student Budgets [/caption] Below are eight tips for college students about money and finances. 1. Track your Expenses If you track your spending for a few weeks, you will be better able to figure out where your money is going. Are you spending an exorbitant amount of money on Starbucks? You may...... -
Teens Saving Money [/caption] One of the best ways to build a strong financial foundation in teens is by starting a savings plan early on. Over the past few years, there have been more teens saving money and the results are clear. When you take the time to teach good financial practices to......
Related Sites -
Earning 11.89% Interest By Lending Money At Lending Club. Back in February 2008, I wrote a post titled "Why I Started Lending Money With Prosper And Lending Club" that outlined why I had veered from my savings account mentality into the world of peer-to-peer lending. Basically, I wanted to try to beat the rate that my online bank was...... - News flash: Dave Ramsey's stock market defies the law of gravity! Over at the MBN Forums there was some discussion about a short video presentation called Drive Free, Retire Rich over at Dave Ramsey's website. The first part of the presentation (up through Slide 11) was very well put together, and showed perfectly the value of buying used over borrowing and......
- Sunday Money Roundup - Stocks and Things Welcome to this week's edition of the SMR. Browse by category for your weekend reading material. What other categories would you like to see here? Let me know - leave a comment! College | Home: Kirberts says you can be in the school you want with affordable student loans. School......
- Middleman Beware: The Internet is Making You Obsolete I'm not an expert in business trends by any means, but it really seems like the disintermediation opportunities the Internet provides is beginning to replace, well... almost everything. Think about this for a moment. Where do you check the morning news? Where do you get your music? Manage your money?......
- Was the American stock market plunge reason to be nervous or just a buying opportunity? One of the reasons I asked was also because I'm still a rookie at investing and wanted to hear some opinions. I'm as green as can be when it comes to stock market investing, and I understand people lost lots of money, but is the drop really a reason to......
Tags: auto industry, economy, good weekend, market watch, news story, roundup, Stocks
Posted in College Student Finances, Loanio, Peer Lending, Stock Market | No Comments »
Friday, January 29th, 2010
Now that we are deep into the first 24 hours of going live, I would like to take a moment to officially kick off the Loanio Blog. For more about our official launch, please click here to view our first press release.
The week leading up to this launch has been a wonderful time for me and my family. My son just turned one, I won $1,000 in the New York State lottery, the Jewish New Year began, and now Loanio has finally launched! However, the week also continued with lots of uncertainty about the future health of U.S. financial markets and economy. I for one am quite confident that things will eventually get back on track, but I believe we have a long road ahead of us. With that said, I suppose you could argue that it is either the best of times to introduce a new “alternative” lending and borrowing platform–like Loanio–or the worst of times. We are passionate about the former and we hope you are too.
At this time, I wish to thank everyone who has been supporting this project from day one. The development of this website has been a very long, complex, and winding journey–it simply would not have been possible without them.
I am extremely excited and bullish on the future that is ahead for Loanio and the rest of the peer to peer lending community. I invite you to join us toward the goal of bringing these great alternative borrowing and lending vehicles to everyone.
Michael Solomon
CEO and Founder
Originally posted 2008-10-02 07:55:23. Republished by Blog Post Promoter
Related Articles -
How Do I Plan For Retirement? One of the most common questions people have is how do I plan for retirement? Whether you’re looking at retiring in five years or thirty five, it is important to come up with a plan that will provide you with more than enough to live comfortably. It is no longer...... - Loanio Roundup - The Economy, Small Business, Loans, and P2P Lending [/caption] Welcome to the fourth edition of Loanio's roundup. There's more on the peer to peer lending industry in this post with several links for small business entrepreneurs to check out as well. Browse through and make sure you're up to date on all the financial information. Might want to......
-
Do You Ask Yourself, How Do I Plan for Retirement? /caption] Don't you think that every working man and working woman is entitled to enjoying a secure and comfortable retirement once they are no longer working? Due to the fact that we have taken so many strides in health care and in medicine, many people are living longer and healthier...... -
Child Savings and Investment /caption] Having children is not a cheap proposition these days, especially when you consider long term costs. The older your children become, the more they are going to end up costing in the long run. High education prices, for example, continue to soar making it nearly impossible for you to...... -
Loanio Roundup #1- National Economy /caption] Good morning everyone! Welcome to Loanio's first ever roundup post. We'd like to thank the blog community for their support. You are the best press releases out there. Then lastly before we start with the links we would like to take a moment to wish everyone a splendid weekend.......
Related Sites -
linklings, other plans edition Life is what happens to you while you're busy making other plans. - John Lennon If you can't tell from what I'm writing, things are in a constant state of flux for me right now. I'm increasingly convinced that I'm going to have a very tough time finding employment...... - Lending Club Reviewed Over the last 18 months, I've spent more than a few words on peer-to-peer lending. Most of that has been about the first to market Prosper. Readers have occasionally asked me about Lending Club. I couldn't give them my opinion for a few reasons. Lending Club launched the site as......
-
Getting an affordable loan with peer to peer lending Today many people find themselves rejected at banks when trying to attain a loan due to their credit score, and other factors. But now there is a new way to get a loan, Peer to Peer Lending. Borrowers receive loans through websites such as Lendingclub.com. These lending sites allow two...... -
Finovate Startup 2009 Live Twitter I am attending Finovate Startup 2009. It is an action packed 1 day format which I belive will lend itself perfectly to a live twitter. Stay tuned it should be an amazing day. http://twitter.com/BlogTrafficExch In the break I have scheduled some talks with SimplFi, Mint, and Calendar Budget. I am...... - Borrow Money & Lend Money at Prosper Having been a member of Prosper.com for about 16 months now, I decided to give a round-up of what I've learned. I'm going to break this up into three areas: The Reason to Borrow Money - If you have credit card debt that you are trying to pay off, you......
Tags: blog, ceo, economy, financial markets, future health, jewish new year, journey, launch, Loanio, michael solomon, new year, new york state, new york state lottery, peer to peer lending, press release, uncertainty, wonderful time, york state lottery
Posted in Loanio | 3 Comments »
Thursday, December 31st, 2009
Plan for Retirement Now!
If you are young and just beginning a career, then the concept of retirement planning may seem so far away that it is the last thing that you put any consideration into. However if you are on the opposite end of the fence and retirement is just around the corner, then you may find yourself struggling to figure out how to keep things handled. Regardless of what your unique situation currently is, it is an absolute must that you begin to prepare for your retirement now if you have not done so already. Considering everything that is going on right now, like gas price fluctuations, fears of recession and the instability of Social Security, planning for retirement is simply not what it used to be. You need to invest, plan and save for your retirement these days rather than simply saving and hoping for the best.
First of all, your place of employment may be able to offer a retirement plan or 401k plan, but this is not always the case. Back in the day, 401k planning was known as pension planning, and it was a vital and solid part of the retirement planning process. However, as the economy turns into an economy that is more competitive than ever, these older and more reliable retirement plans are becoming a thing of the past. Still, 401k planning can be absolutely vital, and most employers do offer 401k planning support to their employees.
401k planning is a vital and powerful way for you to invest for your retirement over a period of time. 401k planning usually allows for you to invest in a number of different company stocks and mutual funds. When making your selection for investments, it is important that you learn how to practice diversification, which means spreading your investments out into different asset classes. Most importantly, it’s important for you to learn from others mistakes. Do not put all of your retirement funds into the company’s stock, for example. No matter how solid you think the company is that you are working for, things can go wrong, and you can lose your retirement plan when you lose your job if you’re not careful.
Now, if your employer does not have a 401k planning process, then it is more important than ever for you to take a proactive approach to retirement planning. You can set up an IRA or Individual Retirement Account, which is an excellent way for you to kick start the retirement planning process when you do not immediately have 401k planning options available to you. Traditional IRA accounts allow you to deduct your contributions so that you can take advantage of growth with taxes deferred until retirement. Roth IRAs work differently, in that they are not deductible when you contribute, but when you go into retirement they will be completely tax free.
401k planning is an important part of preparing yourself for retirement, so take it seriously and do not wait. The sooner you begin planning for your retirement, the better off you will be.
Photo Credit: 1
Originally posted 2009-01-02 05:53:44. Republished by Blog Post Promoter
Related Articles -
When Disaster Strikes [/caption] As Hurricane Ike took aim for the Gulf Coast, the financial markets reacted much in the way that they were expected to. Gas prices jumped to $5 a gallon along the gulf coast, and many expected the price jump to go nationwide, particularly if the hurricane caused damage to...... - 8 Tips for College Student Budgets [/caption] Below are eight tips for college students about money and finances. 1. Track your Expenses If you track your spending for a few weeks, you will be better able to figure out where your money is going. Are you spending an exorbitant amount of money on Starbucks? You may......
- Do You Ask Yourself, How Do I Plan for Retirement? /caption] Don't you think that every working man and working woman is entitled to enjoying a secure and comfortable retirement once they are no longer working? Due to the fact that we have taken so many strides in health care and in medicine, many people are living longer and healthier......
-
5 Tips for College Students on Budgets When you are in college, it can become easy to get caught up in your busy, stressful lifestyle. With all of the studying and working that you have to do, coupled with hanging out with your friends, working part time jobs and participating in extra activities, it can actually become...... - Teach your Teens to Save Money Teaching your children how to manage their finances is absolutely critical if you want them to be successful at managing their money in the future. More than 80 percent of all parents are led to believe that their children are learning enough about personal finance and money management in school,......
Related Sites - Year End Retirement Planning Steps What will a typical baby boomer be doing the last week of the year to advance toward a goal of a successful retirement? I don't know how typical we are but here is a list of steps I will be taking this week, in no particular order. 1. Assess Tax......
- Our Early Retirement Plan: My Wife's Plan (Part 3) If you are just starting this, I suggest you start at The Introduction - Part 0. Alternatively, you can jump to Our Early Retirement Plan: Where We Are Now (Part 1) or Our Early Retirement Plan: My Personal Income (Part 2). Before I start, I should come clean. I'm going......
-
Retirement Planning 101 It is a really good idea for you to have plans when it comes to your retirement. Planning is really only one of the steps that are involved in achieving the life you intend for yourself after work. A plan is going to serve you well when it comes to...... - Large Student Loan Debt's Place In Debt Snowball Plan In just the last week, two readers emailed in with similar situations. They are beginning to set up their debt snowball plan, and both have large student loans (large, as in excess of $50,000, more than half of their annual salaries). Fortunately, both readers took advantage of consolidation opportunities and......
- Personal Retirement Plan Investment Options Good financial management consists of two different distinct facets, the first of which is learning how to make the best use out of your limited earned income in order to best meet your current expenses, and the second of which has to do with learning how to implement strategies that......
Tags: 401k plan, asset classes, company stocks, different company, diversification, economy, fears, fence, gas price, Investments, mutual funds, period of time, place of employment, price fluctuations, recession, retirement funds, retirement plan, retirement planning, retirement plans, Social Security
Posted in 401K Retirement, Managing Money Wisely, Money, Personal Finance, Plan for Retirement, Smart Money Ideas | No Comments »
Saturday, November 21st, 2009
What investments are you making?
Good morning readers and welcome to another edition of Loanio’s weekly roundup. Below you’ll find several great articles under the categories of small business, the economy, p2p lending, and investing. We hope you find them helpful and interesting.
The Economy:
Small Business:
Peer-to-Peer Lending:
Investing:
Photo Credit: 1
Originally posted 2008-11-23 05:19:07. Republished by Blog Post Promoter
Related Articles -
Are Stocks a Good Investment? The first step that you need to understand when it comes to determining whether or not stocks are a good investment is to understand how stocks work in general. A share of stock is the smallest unit of ownership possible in a company. Owning a share of a company's stock...... - Teens Saving Money [/caption] One of the best ways to build a strong financial foundation in teens is by starting a savings plan early on. Over the past few years, there have been more teens saving money and the results are clear. When you take the time to teach good financial practices to......
- Loanio Roundup - Congratulations President-Elect Obama [/caption] Loanio extends its congratulations to President-Elect Obama for running an excellent campaign. This week's edition of Loanio's roundup takes a look at the election and what it means for the economy. What are your thoughts to the issues? We've also included several links for business entrepreneurs and on p2p......
- Loanio Roundup #1- National Economy /caption] Good morning everyone! Welcome to Loanio's first ever roundup post. We'd like to thank the blog community for their support. You are the best press releases out there. Then lastly before we start with the links we would like to take a moment to wish everyone a splendid weekend.......
-
Loanio Roundup - Dia de Los Muertos [/caption] Good morning and welcome to the Dia de Los Muertos edition of Loanio's roundup. Dia de Los Muertos is a holiday celebration that takes place primarily in Mexico and celebrates the dead. It goes by Day of the Dead in English and correspondingly it matches the Catholic holidays of......
Related Sites - P2P Lending In The News A couple of peer-to-peer (p2p) lending articles came out in major publications over the weekend... Enjoy... The ChicagoTribue: Peer-to-peer lending helpful, but know rules Sometimes you have to take matters into your own hands. At least that's the mind-set of individuals who lend and borrow money from each other online,......
-
The Future of P2P Lending - Dusting Off My Crystal Ball Remember the good old days of 1998? The Internet was going to change everything. Analysts predicted that we were going to buy our books, music, pet supplies, and groceries over the Internet. It's ten years later and the analysts were right about the first two and wrong about the last...... -
The Stock Market Is Crashing! The market is crashing! The sky is falling! Cats are living with dogs! It's the end of the world as we know it!OK, maybe it's not that bad. Maybe it is if you see article titles such as Fed Cuts Rates To Stop Bloodbath. A little hyperbole, no? From what...... -
How to Work Less and Make More Money With Multiple Streams of Income Most of us would like the chance to spend more time with our families, work a lot less and still bring in a sizeable income. If you’re only going to rely on your current income, the chances of that happening are pretty small, unless you’ve got an incredible job. However,...... -
Lending Club Review 2010 –A Full Review of Lending Club’s Peer to Peer Lending Website As banks have cut the amount of lending that they do, individuals are increasingly turning to peer-to-peer lending companies, such as Prosper and Lending Club, as a source to get a personal loan from. Meanwhile, individual investors are taking advantage of the loan demand on Prosper and Lending Club......
Tags: economic data, economist, economy, Loanio, roundup, Small Business, smart money
Posted in Banking, Credit, Investments, Loanio, Peer Lending, Personal Finance, Small Business, Stock Market | No Comments »