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