| Personal finance is not an issue you should be forced | | | | monthly average expenses. To be able to makegood |
| to facewhen in a crisis like so many people end up | | | | personal financial decisions and set priorities, youmust |
| doing. Your personalfinances are vital for your life, | | | | know where your money is actually going. |
| security and prosperity. Faceit and don't hide your | | | | Get electronic bill pay |
| financial issues under the rug. Learn andpractice | | | | This is a very convenient way to pay your bills. You |
| personal budgeting. Create your own financial | | | | pay themelectronically, by direct withdrawal from |
| destinyand your life will be so much better. | | | | your bank account. |
| You'll have to:know your current personal financial | | | | The transaction is processed immediately. You can |
| situationestimate how your financial situation will | | | | even linkyour bill pay service to your budget, so that |
| develop in a shortterm perspectiveset long term | | | | your expendituresare automatically entered in the |
| financial goals, make a plan to achieve themand then | | | | appropriate category. Personalfinancial management |
| execute your plan. | | | | can be really easy, don't you think? Checkout |
| Get a view of your current financial situation | | | | programs for enabling this on the internet |
| Collect accurate information about your personal | | | | Make an investment and finance plan |
| financialsituation. Calculate your your net worth, This | | | | Now that the fundamental state of your personal |
| informationincludes:real estatesaving and retirement | | | | financial securityhas been established, the time has |
| accountsstocks and bondsall other assets. | | | | come for the more prosperouspart of your personal |
| What is the total? Are you surprised? | | | | financial life. What I mean is:investmentsretirement |
| Make a budget | | | | planningloan shoppingother ways to build a fortune. |
| A personal budget is information made up of your | | | | You need to make a plan of what you really want in |
| income andexpenses and the more accurate this | | | | life thatmoney can buy. Then you must find out how |
| information is, the morelikely you are to be able to | | | | to get the money ittakes to finance it and finally |
| meet your goals and realize yourdreams. An income | | | | start to implement this plan. |
| expenses budget should be made for at mostone | | | | This is the long term part of your financial life - the |
| year at a time and include a list of your monthly | | | | processof personal financial development from the |
| expenses. | | | | state you are inright now - to the state you want to |
| All expenses must be included. To be sure of that go | | | | be in. This journey towardfinancial freedom is in my |
| throughall your paid bills, check register and credit | | | | opinion the most interesting andexciting part of |
| card receiptsto find expenditures that recur every | | | | personal financing you can have. |
| month and expendituresthat happen less frequently. | | | | Article written By Terje Ellingsen. |
| Divide that total by twelve andyou have your | | | | |