Thursday, February 26, 2009
Wednesday, February 25, 2009
Tuesday, February 24, 2009
Friday, February 20, 2009
Thursday, February 19, 2009
Wednesday, February 18, 2009
Monday, February 16, 2009
"Humanists try to behave decently and honorably without any expectations of rewards or punishments in an afterlife. The creator of the universe has been to us unknowable so far. We serve as well as we can the highest abstraction of which we have some understanding, which is our community."
Friday, February 13, 2009
Thursday, February 12, 2009
Everyone comes into some unexpected money from time to time. Think about the times when you've received a birthday card in the mail with money; when you've receive a tax refund or rebate; or an unexpected inheritance. Maybe you purchased something with a rebate offer, and the check finally arrives in the mail (long after you forgot you even had a rebate coming!) Any money you receive that is outside your regular income is considered “unexpected”. What do you usually do with unexpected money? Deposit it into your every day bank account? Buy yourself something?
If unplanned, the majority of unexpected income simply gets absorbed into everyday spending. If it's deposited into the account you use to pay your bills and withdraw money for entertainment purposes, chances are you use a little here and there and couldn't even say within a week's time where the money was spent!
Instead of letting unexpected income trickle through your budget almost unnoticed, you could create a plan to help you deal with unexpected money. I know, you're probably thinking if it's “unexpected” how can you plan for it, but the answer is actually pretty simple:
Decide how you will use all unexpected income before you receive it. You don't have to know when the income will come in or how much it will be if you set up a plan using percentages. For example:
- 10% in your pocket for extra spending money
- 50% in long term savings
- 35% toward your highest interest debt
With categories and percentages decided upon before the money arrives, you'll know exactly how much of all unexpected income will go to savings, debt repayments, and spending money. Your only other decision is to determine how much you have to receive before you follow these rules – some people will do the same with all unexpected income whether it's $5 or $500; while others choose to follow their plan only if the unexpected income is of a specified minimum amount.
The trick to making a “plan for unexpected income” work to your benefit is to create it – and then stick with it! Consider it an extension of your budgeting (if you have a budget you’re committed to) and don't let the temptation of extra money lead you to an extra purchase or to a night on the town that you haven't financially planned for.
If you are interested in having your original article published as a guest post on Money and Such, please contact me at the e-mail address provided on the left column of this page.
Wednesday, February 11, 2009
Monday, February 09, 2009
Saturday, February 07, 2009
Friday, February 06, 2009
Thursday, February 05, 2009
Wednesday, February 04, 2009
"The fund invests primarily in high-quality municipal bonds issued by California state and local governments and regional governmental authorities. It may invest at least 80% of assets in securities that are exempt from federal and California taxes."California bonds? Isn't California's credit rating really crappy and isn't the state in a huge deficit? Yes, to both questions. However, I don't believe that California will default on its loans. At the end of the day, this is a state with the power to tax the population or to cut services to balance the budget. I think that muni bonds are a pretty safe investment, well in this environment nothing is really safe, but you understand what I mean. Besides, we live in California.