Tuesday, February 8, 2011

“5 Helpful Tips on Using a Personal Finance Program - Associated Content” plus 1 more

“5 Helpful Tips on Using a Personal Finance Program - Associated Content” plus 1 more

5 Helpful Tips on Using a Personal Finance Program - Associated Content

Posted: 07 Feb 2011 10:54 PM PST

Have you considered using a personal finance program or are you currently using one? Here is a list of 5 personal finance tips to help you get the most out of your personal finance program.
The Ability to Watch and Understand Your Spending HabitsA great benefit of having a personal finance program, for instance like Quicken, is you're able to watch the trends in your spending. You can bring up charts, and see during which months you spend the most money, and which items take up a great deal of your budget.

If you tend to make small purchases, but do it in high volume, you will be able to see this through the charts and graphs within your personal finance program. If you're spending money on large ticket items, you will know that you're a power spender. Knowing your spending type will help you be mindful of your spending habits..

You Will Be Able to Keep Track Of All Your Assets

The benefit of a personal finance program, is that you can include all your bank accounts, investments, business ventures and property into one program and see where your total asset value lies. Many programs, like Quicken, allow you to keep track of more than just your bank account. On any given day of the month, you will know your total assets.

Help You Set Up Your Budget

By watching your spending trends and seeing what is available in terms of income every month, it's a lot easier to set up a budget. This will allow you to have the freedom to live and still know you will have extra money left over every month to go to your savings, to pay off debts, or to help you in preparing for purchases you know you will be making in the coming months.

This is also a great way to prepare for seasons like the Christmas or the start of school. If you know when your major purchases will be, you can plan your budget around having a little extra over for those times.

Make it Easier For You to Balance Your Checkbook

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Rep. Weiler's bill would teach personal finance concepts earlier in school - Bismarck Tribune

Posted: 08 Feb 2011 11:25 AM PST

BISMARCK, N.D. (AP) - North Dakota high schoolers have to be taught financial literacy. Now a Bismarck legislator wants the instruction to start earlier.

Republican Dave Weiler is proposing a bill that would require teaching personal finance concepts at least once in sixth, seventh or eighth grade. Students would learn to budget and avoid debt.

Two years ago, lawmakers approved the same requirement for high school students. Weiler wants to extend the legislation to middle schools.

Opponents told the North Dakota House Education Committee on Tuesday that teachers don't have room for more mandates on their curriculum.

State school official Linda Paluck said every teaching requirement means skipping a lesson on something else.

Some legislators say personal finance instruction could be included in social studies or math classes.

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