New Year's Resolutions with Your Budget! If you have Debt, Consolidate it and Take a Look at DebtConsolidation.com
It's a new year and we all hope 2022 is much better than the previous two years. And it's time to start off on the right foot financially and make smart budgeting decisions across the board. It's a new year and we all hope 2022 is much better than the previous two years. And it's time to start off on the right foot financially and make smart budgeting decisions across the board.
We love to recommend the latest and greatest in every discipline we cover, but of course you should be a spender if you are in the black, meaning your assets exceed your liabilities. If you live in Manhattan the world is presumably your oyster and there are so many opportunities here to both make money and spend money. If you live beyond Manhattan, of course the internet has widened your horizon and perhaps that is why you read us today. We are thrilled to be celebrating our 13th anniversary soon this month.
Of course the world uses Microsoft excel quite a bit and that is a good tool to use for budgeting, and click here to view some tips from Debt Consolidation if you are a reader in the red. They have all kinds of ideas for you like using a debt calculator and they suggest using a credit union. We like smaller local savings banks that have the person in charge actually there in human format. You always should pay off your balance in our opinion, however, if you carry a balance you should minimize the amount of time you do so.
We are huge proponents of fixed income assets, as in owning them so people pay YOU interest. After you pay off debt you may carry, even though many financial professionals say bonds are a waste of money at today's rates, we like the security they offer. Smart finance people everywhere KNOW that when interest rates go up, bond prices go down. For the historical finance fans out there, Lehman Brothers and Bear Stearns were both amazing in their own right in fixed income.
Obviously unless you live in a vacuum, you know that interest rates are at historic lows and they have been going down for quite awhile. However, the Fed is going to start raising rates probably this year so if you do have debt, it is going to become more expensive to carry it.
We suggest making a list of your "wants" and keep it for a month. On the first of every month, decide what you want most and reward yourself!
Peachy's Top Ten List of Ways to Be Happy without Spending Money
1. Walk on the beach and befriend seagulls and shells
2. Read a book from the library
3. Volunteer your time
4. Limit your quantity of credit cards and check your credit score
5. Start a side business as a hobby
6. Go shopping only to check everything out so you know the marketplace
7. Bring your lunch to the park and eat it
8. Watch a hockey game on tv
9. Build assets at a brokerage firm instead of blowing your paycheck
10. Get excited for Century 21 relaunching their department store sometime in Manhattan. Their press release said last year but we are still waiting. They have incredible merchandise at intelligent prices, or they did for the two decades we knew them!
