2013년 10월 27일 일요일

Melissia Anson's blog ::Women and the Web






Melissia Anson's blog ::Women and the Web










With               one               of               the               worst               recessions               in               our               history,               many               Americans               have               found               that               they               weren't               as               prepared               financially               as               they               may               have               thought.

Unfortunately               many               young               adults               are               uneducated               when               it               comes               to               financial               matters.

Students               graduate,               get               married,               buy               new               cars               and               a               house.

The               next               thing               they               know               they               miss               a               paycheck               and               fall               behind.

Here               are               some               tips               to               help               get               through               tough               times               and               prepare               for               your               future.

Take               Control               of               Your               Finances
               Know               where               your               money               is               going.

Sit               down               and               figure               out               a               budget,               remember               to               factor               in               all               expenses               including               the               unexpected.

Keep               credit               under               control.

It's               okay               to               listen               to               others               advice,               but               remember               it's               your               future               and               your               decision               to               make.

Rainy               Day               Fund
               Start               an               easily               accessible               savings               for               those               unexpected               expenses.

It               could               be               your               car               breaking               down,               a               necessary               home               repair,               or               any               other               unexpected               event               that               your               wouldn't               have               included               in               your               regular               budget.

Try               not               to               use               money               for               retirement               or               other               investments               unless               absolutely               necessary.

Understand               Your               Taxes
               Sit               down               with               an               accountant               or               do               the               research               on               your               own,               but               don't               be               surprised               by               a               tax               burden.

Be               sure               you're               withholdings               are               sufficient.

For               other               income,               be               sure               you're               setting               enough               aside               to               cover               tax               liabilities.

Always               contact               an               accountant               if               you               don't               understand               something.

Protect               Your               Income               and               Wealth
               Accidents               happen,               protect               yourself               with               disability,               life,               and               health               insurance.

Most               people               are               well               aware               of               the               benefits               of               health               insurance,               but               may               not               realize               a               need               for               disability               or               life               insurance.

Many               people               don't               consider               their               lost               income               in               case               of               an               accident.

Could               you               survive               financially               for               an               extended               period               if               you               were               to               be               hurt               and               unable               to               work?

If               something               were               to               happen               to               you,               would               your               family               have               the               means               to               support               themselves?

These               are               question               you               want               to               answer.

One               advantage               is               premiums               are               often               lower               when               starting               a               policy               at               a               young               age.

Situations               differ               from               person               to               person               and               you               should               consult               a               financial               adviser               to               determine               what               is               best               for               you.

Retirement               Planning               Starts               Now
               Many               people               find               themselves               in               a               tough               situation               come               retirement               time.

Get               a               head               start               on               saving.

Many               employers               offer               401k               plans,               some               with               matching               contributions.

It's               hard               to               beat               a               free               match.

Employee               stock               option               plans               (ESOP)               are               another               way               to               put               money               away               for               the               future.

I               would               suggest               a               separate               investment               if               you're               looking               to               day               trade               or               take               high               risk               investments.

Never               risk               more               than               you're               willing               to               lose.

Again               you               should               consult               a               financial               planner               for               more               information               and               to               set               up               an               investment               strategy               catered               to               you               personally.

Plan               for               a               better               future
Remember,               you               don't               have               to               be               rich               to               be               financially               responsible.

You               can               start               investing               with               a               small               amount               and               build               over               time,               after               all               you               are               starting               early.




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