All Posts Tagged With: "Money Management"

Unfortunately, many of us learn about personal money management late in life. A situation sometimes results that is difficult for some and actually disastrous for others. The problem lies in the fact that this nation has no structured educational effort or curriculum, on most levels, devoted to personal financial management within the educational system.

Many of us have been a slave to this sad scenario in the past. That is why there is an increased realization that personal finance management is very important. Let’s examine why. Continued

It’s a well-known motto with the Boy Scouts: Be prepared.

Perhaps because of their outdoors image, few realize that money management is a part of scouting. To earn what’s called the personal management badge, today’s boy scouts must know the difference between simple and compound interest and how mutual funds differ from CDs. Continued

There’s a funny thing about taxes: most people tend to approach them backward.  They sit around between January 1 and April 15 and start sorting through their accumulated paperwork, looking for ways to save.

The problem is that by then it’s too late to take advantage of many of the tax-saving opportunities that do exist.  A smarter way to approach this task is to plan ahead, not behind.  You can be proactive and plan a year-round tax strategy that will yield the lowest possible tax bill when April 15 comes around again.  Sitting down and filling out your return is actually only the last step in such a strategy. Continued