Written by Gary Foreman

The Dollar Stretcher Blog

Dear Dollar Stretcher,

From the total salary what percentage is ideal to spend for various needs, and how much to be saved for future?

Dee

It’s a question that we all must answer. Even if some of us would prefer to ignore it! Because, with rare exceptions, we all have to deal with having just so much money to cover all our expenses. And, if we spend more than we take in for very long we get into trouble.

Let’s look at a “typical” spending plan. Then we’ll discuss it.

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Mistakes are made with money everyday by everyone when it comes to personal finances basics. The wealthiest people in the world make mistakes, the middle class makes mistakes and the poor make money mistakes. Therein lies the biggest problem. When the less money you have, the more damaging those mistakes are. What are the biggest money mistakes people make? Let’s find out.

1. Neglecting Your Credit Scores

These three-digit numbers are more important today than ever, specially today with more and more people defaulting on their debts. Money lenders are extremely cautious about to whom they will lend money.

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Wouldn’t it be nice if you could make your finances easier to deal with? I’ve compiled a list of 5 ways to make finances easier to help with personal finance basics. The nice thing about making your banking easier is you can usually save money and create more free time for yourself. Banking can be easy.

1. Use Direct Deposit: This is the first and easiest way to make your financial situation a lot easier. Amazingly many people don’t take advantage of this opportunity and still venture to the bank every week to deposit their paycheck. Your place of Read the rest of this entry