Archive for Money

5 Areas to Concentrate on for 2011

Now that you have survived Thanksgiving and Christmas, you are probably giving more thought to your list of New Year’s Resolutions.  Well, before you go any further, allow me to provide you with the following categories to focus on and some examples:

  • Spiritual
    • Are you happy with your prayer life?
    • Do you regularly journal about your thoughts and feelings?
    • Do you meditate?
  • Health
    • Even if you don’t join a gym, is it possible to walk 20 minutes a day?
    • Are you drinking enough water?
    • Would you like to improve your outlook on life?
  • Relationships
    • Replace negative relationships w/positive relationships
    • Have you given any thought to partnering with a life coach or a mentor concerning your goals for 2011?
  • Work
    • Are you currently working in your strengths?
    • Are you happy in your current job?
    • Would you like to pursue other interests in 2011?
  • Finances
    • Do you think making more money will make you happier?
    • Are you satisfied with your current debt to income ratio?
    • How can you reduce debt so that you have more money to do the things that make you enjoy?

How did I know that your resolutions would fit in one or more of these categories?  These are the 5 key areas for everyone.  We feel most successful when we are balanced in these areas. If any one area is ignored, it’s difficult to maintain balance in the other areas.

Here’s an example:

I recall not always being grateful for the things God blessed me with (Spiritual) so I would buy things that I wanted but could not afford (Financial).  Later, the stress from having more bills than money would result in my having headaches (Health) and being irritable to those around me (Relationships).

I realize that was a very simplistic example; however, did it make it a little easier to see how not being balanced in one area can influence balance in the other areas?  What areas in your life currently lack balance? What other areas stand to be affected by this imbalance?

Congratulations on making it through another season of food, family, friends and festivities!  Now let’s roll up our sleeves for 2011!

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Home Equity Loan and HELOC Suggestions

Today, I ran across an article written by the authors of Debt Be Gone Today, a site packed with helpful tips for debt freedom.  A couple of things come to mind that I thought might be beneficial if considering using the equity in your home to lighten your financial load.  These suggestions would apply if you are interested in either a Home Equity Loan or a Home Equity Line of Credit (HELOC).

Below, you’ll find the benefits from the Debt Be Gone Today with my suggestions in italics. Read more

Dave Ramsey’s Baby Steps Are Not For Babies

When I first heard about Dave Ramsey, I was a recently divorced mom with a new job.  Needless to say, I was determined to enjoy my new single life. And, since  I was blessed with friends that would support my foolish spending habits, payday loans, and shutoff notices that consistently took me by surprise. Murphy visited my home often. Read more

Tire size surprise

In my mind, I never paid more than $100 for 4 tires when I owned my ’91 Tercel.  Of course, when I talk to my ex husband, I’m off by about $50 but for 4 tires… that’s still not a bad deal. Years later, when I purchased the ’99 Corolla and had to buy tires, I was shocked when I found that the tires were closer to the tune of $300 than my imaginary $100.   I was so shocked that I practically stormed out of PepBoys on a quest to find a “better deal”.  Well, to my dismay, there was no better deal.  Now, for a woman, it is very difficult to grasp that there is a situation where there is no better deal. Read more

Paying for your next car

So, you’re in the market for buying a car?  Have you put any thought into how you are going to pay for the car?  If you are anything like me, your answer is “That’s ALL I’ve been thinking about!”   Well, good, let’s run through some of your options: Read more

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