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Paying monthly bills on time is easy by setting up a manual folio, writing down the days to mail out bills and making a conscious decision to be consistent every month. Get monthly bills in the mail on time with money advice from a registered financial consultant in this free video on personal finance.
Regularly balancing a checkbook is important to keep track of where each dollar is, and combining it with paying bills and other financial tasks makes it easy to do efficiently. Make sure a checkbooks is balanced by comparing it to bill receipts with money advice from a registered financial consultant in this free video on personal finance.
The best way to save money for a major purchase is to find a high-interest investment vehicle and consistently deposit funds into the account to save money and earn interest at the same time. Save up and earn interest simultaneously with money advice from a registered financial consultant in this free video on personal finance.
Opening a bank account involves first finding a bank you are comfortable with, followed by providing a driver's license and any other required contact information. Avoid paying excess fees when opening a checking account with money advice from a registered financial consultant in this free video on personal finance.
To open a money market account, consult a stock broker who can manage the account and provide check-writing capabilities, but make sure the fees are minimal for this high-interest account. Consider opening a money market account with advice from a registered financial consultant in this free video on personal finance.
Using an ATM machine safely involves finding one in a well-lit area, making sure surrounding individuals keep a comfortable distance and never counting the cash in front of the machine in plain sight. Avoid getting robbed at an automated teller machine with money advice from a registered financial consultant in this free video on personal finance.
Preventing identity theft only requires a bit of common sense, as shredding documents with personal information on them, only giving out a social security number to trusted and reputable people, and remembering to take all receipts from gas pumps and ATMs is a good start. Take simple precautions to prevent identity theft with money advice from a registered financial consultant in this free video on personal finance.
Plastic surgery can often be paid for by financing through the physician's office or through a loan broker when the individual has a good credit rating. Find ways to pay for plastic surgery with money advice from a registered financial consultant in this free video on personal finance.
Opening a safe-deposit box is a good idea to store important documents and family heirlooms, and they are available in a variety of sizes. Understand how a safe-deposit box is operated, requiring two separate keys, with money advice from a registered financial consultant in this free video on personal finance.
Coupons are a great way to save a few extra dollars, and keeping an alphabetized coupon box makes it easy to stay organized while saving money. Find coupons at the grocery store, in the newspapers and in magazines with money advice from a registered financial consultant in this free video on personal finance.
Saving money every day can be done by bringing a lunch to work, drinking water instead of bottled beverages and turning off all unnecessary lights at home. Save money on a daily basis, one step at a time, with money advice from a registered financial consultant in this free video on personal finance.
To save money on groceries, find coupons for various goods on a regular basis, plan shopping trips around the local sales and consider purchasing generic brand foods. Save a little bit of money on each shopping trip, adding up the savings over the course of a year, with money advice from a registered financial consultant in this free video on personal finance.
Paying off a mortgage in a third of the time to save thousands of dollars in interest can be done by accelerating the amortization schedule and making larger payments than are due. Pay off a house sooner, thus eliminating thousands of dollars of interest payments, with money advice from a registered financial consultant in this free video on personal finance.
Rebuilding credit and improving scores can be done by contacting each credit bureau, Equifax, Experian and TransUnion, to request a credit score report and trimming back credit card balances based on that information. Fix potential financial problems to get a better credit score with money advice from a registered financial consultant in this free video on personal finance.
Preparing for an economic recession is important to avoid disaster, and getting rid of as much debt as possible, saving a bit of extra emergency cash and even being prepared for losing a job are all important factors in recessionary time periods. Survive an economic recession by planning ahead with money advice from a registered financial consultant in this free video on personal finance.
To obtain a credit score, contact the three major credit reporting agencies, Experion, TransUnion and Equifax, to request a report in an effort to improve credit scores. Include a social security number in a contact letter to each agency with money advice from a registered financial consultant in this free video on personal finance.
Refunding a prepaid credit card can help build up better credit, as it demonstrates to the credit card company that the user is responsible with his or her money. Continue refunding a prepaid credit card to move closer to gaining a true credit card with money advice from a registered financial consultant in this free video on personal finance.
Opening up an IRA is a great way to save money while not having to pay taxes on its growth, and it can be done at any bank or brokerage firm. Learn about the benefits of opening an IRA with money advice from a registered financial consultant in this free video on personal finance.
Reselling prepaid credit cards is a way for reputable institutions to receive trailing commissions on hundreds and even thousands of prepaid credit cards. Understand how prepaid credit cards are resold with money advice from a registered financial consultant in this free video on personal finance.
Saving money for college is extremely important, as only 3.2 percent of available college money is through scholarships, making it an extremely competitive method. Research mutual funds, CDs and endowment funds to save and gain college funds with money advice from a registered financial consultant in this free video on personal finance.
Paying utility bills at the bank is a great way to save money on stamps, get the bill paid on time and build a relationship with the bank tellers and managers. Build good rapport at the bank with money advice from a registered financial consultant in this free video on personal finance.
Saving money to buy a car can be done by first researching the car prices and finding out what credit profile is required at different dealerships. Put 10 percent to 20 percent down to finance a car with money advice from a registered financial consultant in this free video on personal finance.
Saving money for marriage is important, not only to save up for the wedding expenses, but also to save up a decent nest egg to have enough emergency and incidental funds. Build up a comfortable nest egg before getting married with money advice from a registered financial consultant in this free video on personal finance.
Opening a debt consolidation business requires the appropriate training as a liability specialist, registration with the appropriate reporting agencies and ample advertising to build up a clientele. Star a debt management company from the ground up with money advice from a registered financial consultant in this free video on personal finance.
Paying off bills requires first eliminating new bills, paying off the bills with the highest interest rate first and slowly chipping away at the rest of them on a monthly basis. Get credit card bills paid off consistently with money advice from a registered financial consultant in this free video on personal finance.
Personal finance is the application of financial principles to the monetary decisions of an individual or family unit. It addresses the ways in which individuals or families obtain, budget, save and spend monetary resources over time while taking various financial risks and future life events into account. Components of personal finance might include checking and savings accounts, credit cards and consumer loans, investments in the stock market, retirement plans, social security benefits, insurance policies and income tax management. In this free video series on personal finance, a registered financial consultant discusses managing money. Find out how to save money on a daily basis by turning off the lights, buying generic brand foods and living frugally. Discover the benefits of having good credit, and get tips on building up credit scores. Understand a few ways to invest money wisely, and build up a nest egg in case of emergencies. Save money more efficiently with this financial guide.
Patrick Munro Patrick Munro's affinity for investing and financial matters began more than 20 years ago with business education and service throughout the ranks of the banking, insurance and brokerage industries. His goal for providing personal service to the senior market began in 1997 after relocating his family to Wilmington, N.C., and the founding of NorthStar Financial Advisors. Munro provides highly personal service to clients all over North and South Carolina, helping them to identify tax savings through various safe financial products and utilizing the various tax strategies available to seniors to protect their assets. In addition, Munro helps many clients eliminate the financial threat of long-term care and offers ways to avoid the unnecessary difficulties of probate court. He is a registered financial consultant (RFC) with outstanding sales volume of progressive financial products and solutions to the senior and boomer marketplace.dkdk
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