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

Do you have a plan in trying to eliminate your debt? Are you tired of making the minimum payments on each bill and never being able to get ahead?I want to go through what debt stack is and how to manage money and eliminate your debt as quickly and realistically as possible. What’s even more exciting is that you can even use the debt stacking formula to help create the retirement you’ve always dreamed of!

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Written by Gary Foreman

“Never make predictions, especially about the future.” – Casey Stengel

For years Casey Stengel managed in baseball’s big leagues. Some of his quotes are legendary. But, given our current economy, I’d have to take exception to his advice. At least as it applies to our personal finances.

Let’s look at some current information. Unemployment is at 9.8%. Nearly double what it was at the beginning of 2009. Hiring remains anemic.

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There are many simple tips to save money when it comes to personal finance basics. Some are a little more time consuming than others but in the end it is well worth the time it takes. Even if you follow one or two of these tips you could save hundreds of dollars each year.

REQUEST FREE SAMPLES:

There are plenty of websites that offer free samples for every Read the rest of this entry

No one likes the idea of being in debt. Debt often creates emotional distress, relationship strains and a general feeling of disappointment and failure. Unfortunately most people who are in debt make similar errors that can be avoided. If you carefully read this article you can avoid these common debt mistakes and get the personal finance help you need.

Lack of a Financial Plan:

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For most people debt is unavoidable. Even some of the wealthiest people in the world struggle with their finances. The important thing to understand is that there is a difference between good debt and bad debt. This article will help you discover how to manage money and ease your way into becoming debt free.

Some quick facts about debt are just downright scary:

About half of all Americans spend more than they earn each year.

The average household carries more than $10,000 in credit card debt.

In the past decade, personal bankruptcies have doubled.

What is Good Debt?

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