Category Archives: Managing Your Money”

Save Money and Grow Rich slowly with these Money Hacks

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Paul in Poinciana, Floridia shared this great money saving tip!

He wrote:

Are you wondering when you can get the cheapest fares? Well, look no further than in red eye flights. These flights although scheduled to depart late at night are most of the time empty with cheap fares. Reason behind this, is that airlines are forced to position their fleets for the morning’s departures.

For many more money saving tips. Click Here

Take care,

Devin Willis

Resource

Find cheapest fares in red eye flights—-Paul in Poinciana, Floridia—-Daytipper

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Interesting Conversation about Goals and Life + How to Set Good Goals

As I hung up the phone with a close friend, after an interesting conversation about goals and life. I rember reading a post by Maneesh Sethi that I found to be true.

You’ve probably heard this advice before somewhere. I remember being told to write down my goals in elementary school, but I never listened to the advice. Planning and writing down my goals always seemed so strange. Something that real people didn’t do – something for weird people. A recent article on LifeHacker, Why Goal Setting Makes You Cringe, explains how I felt about goal setting perfectly.

“Life goals are like religious views, salary, age, and weight — highly personal, rarely discussed, and for the ambitious and pie-in-the-sky among us, even embarrassing.”

It felt almost embarrassing to write goals!

So why should we set goals anyway?

For starters, several studies have shown a correlation between conscious goals and success on a task. With a list of goals, we know what we want – and we can plan how to get there. Setting goals is the first step in any major undertaking: financial changes, new businesses, scientific studies (you think of a hypothesis before you plan an experiment, right?).

How can I set good goals for myself?

So we need to figure out how to determine good goals. What are the characteristics of well-written, achievable goals? One of the basic frameworks for goal setting is called SMART.

  1. Specific
  2. Measurable
  3. Attainable
  4. Relevant
  5. Time-bound

All goals should follow these five requirements. For example, the goal “I want to be rich” meets none of the criteria: How do you measure “rich?” When do you want to be rich by?

Instead, you could say, “I want to pay off my $5,000 credit card debt by December, 2009.” Now, you have a specific (pay off the debt), measurable (all $5,000), attainable (with a plan), relevant (your finances are relevant to your life and future plans), and time-bound (by December, 2009) goal. You should make a list of all the goals you seriously want to achieve.

His post reminded me of my talks with coaches about  setting SMART goals to help achieve success in ones goals!

Resources

How to Set Goals: The First Step to Financial Success is Knowing What You Want Posted by Maneesh Sethi ::Lending Club Blog

Setting S.M.A.R.T. Goals by Adam Mortimer—Prosper Inc.—Prosper Blogs

How to set SMART goals for 2008! Posted by Tom under the category Business Principles

The Top New Money Management Tools and Resources to Manage Finances Posted by Devin WillisMy Discoveries on the Road to Prosper and Learn

The Top 18 New Money Management SitesWallStreet Fighter

Principles of Wealth Building Via Prosper Learning Coach-Posted by Devin Willis My Discoveries on the Road to Prosper and Learn


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Fast, Comfortable Flights Vs. Feeling Ripped-Off

InsideTrip is an airline ticket search engine with a focus on identifying flights with the highest level of quality, as opposed to the approach most search engines take (finding the lowest price). I know for those who travel alot this has been sent from heaven;0)

Quality is measured by factors spanning 3 categories (speed, comfort, and ease) and addressing 12 so-called “pain points” (such as number of stops, security wait time, legroom, aircraft type, connection time, and gate location). As a user of InsideTrip, you can indicate which of these pain points are most important to you and the service’s algorithms will generate a unique TripQuality score for each ticket result. These can be used in conjunction with the ticket price to find just the right itinerary.

InsideTrip has collected information about the quality of trips from a variety of sources, including the Transportation Security Administration, airlines, and airline websites.

Resources:

InsideTrip Thinks There’s More to Shopping for Airline Tickets Than Just Prices -Mark Hendrickson-March 2, 2008-TechCrunch

From leg room to lost bags, InsideTrip rates airline flights Travel search site launches this week By JOHN COOK
P-I REPORTER

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Ohio State University’s offer basic “Managing Your Money” online program

Ohio State University Extension is committed to ensuring all citizens have access to its research-based information. One of these programs is “Managing Your Money” ;

Lesson 1: Getting Started. This lesson focuses on individual and family values about money. It gives you some suggestions about ways to talk with your partner and family about money matters. You are asked to think about and develop some financial goals for the future. There also are suggestions and tools to help you start tracking your expenses.

Lesson 2: Where Does Your Money Go? This lesson discusses cash flow, income, and expenses. There are worksheets on which to write critical information about your income, what you owe (your credit use), and types of expenses (fixed, regular flexible, and occasional) so that you have a better picture of your current financial standing.

Lesson 3: Stop Spending Leaks. This lesson will help you examine your spending habits to see if any problems exist. Suggestions are given for changing spending practices and habits. An agreement is included to help you and other family members commit to a personal plan to reduce spending so funds can be used to reach important goals set in Lesson 1.

Lesson 4: How Much Credit Can You Afford? The focus in this lesson is on the pros and cons of using various types of consumer credit, wise credit management, and the importance of your credit history. Some checklists will help you determine if you have some credit problems, and worksheets help you compare some credit alternatives.

Lesson 5: Develop Your Budget. Guidelines and worksheets for developing a written budget are the focus of this lesson. The guidelines and tools are intended to help you actually “plan” future use of income so that you are in better control of day-to-day and longer-term finances.

Lesson 6: Your Net Worth and Financial Records. The first part of this lesson focuses on your net worth and how you own property. The second part will help you collect and organize your very important financial records.

Ohio State University Extension.”offer Fact Sheets that also offer

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