A Little Something Different, Part 2

Posted: January 28, 2014 in Uncategorized

Fin Health

I have been reading a lot of articles as of late about how to improve personal finances,  ways people make mistakes in terms of their finances, and what steps can be taken to  better your stance in terms of taxes.  MSN has kept me on my toes and kept me intrigued  and I have begun to wonder to myself, can we turn this around? Can we as a household  turn around the poor decisions we’ve made in the past in terms of money and maybe even  better our situation? Maybe.  Maybe Not. But in the meantime I am going to do my best to right those wrongs and get us where we need to be.

So on that note, below I am going to outline two lists, the first 25-Ways to Improve Your Finances and 10-Ways to Tax-Proof Your Retirement

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25-Ways to Improve Your Finances, you can find the Article on MSN here

  1. Start Feeling Good About Money
  2. Create Your Own Money Roadmap – what are your financial goals?
  3. Avoid Unexpected Costs of Driving
  4. Recover from Financial Pitfalls
  5. Avoid Dangerous Products
  6. Cut your Spending in a Big Way
  7. Take Advantage of New Shopping Tools – like learnvest.com and sigfig.com
  8. Get Better Customer Service
  9. Bump Up Your Savings Rate
  10. Resolve to Earn More
  11. Fall In Love with Money
  12. Keep Your Financial Life Off Of Facebook
  13. But Go Ahead and Tweek Your Favorite Bank or Store
  14. Review Your Insurance Policies
  15. Prepare for Rising Insurance Rates
  16. Pay Less In Taxes
  17. Read Children’s Books with Your Kids – Specifically ones about finances and money
  18. Protect Yourself from Credit Card Fraud
  19. Rent (or trade with a friend) your next dress/suit
  20. Get the Most Out of Your Savings Account
  21. Start Something on Kickstarter
  22. Give More Gift Cards
  23. Avoid Online Ticket Scammers
  24. Stop Worrying So Much About Money
  25. Talk with Your Honey

Retirement Nest Egg

And on the flip side or rather along side of this is 10-Ways to Tax Proof Your Retirement, find the article on MSN Money here

  1. Defer or Pre-Pay Your Taxes
  2. Invest in either a 401k, a 403b, or a Federal Government Thrift Savings Plan
  3. Or Invest in a Roth 401K – These are your After-Tax Dollars Contributions
  4. Open an IRA
  5. Open a Roth IRA
  6. Make Use of Catch-Up Contributions
  7. Make Use of a Saver’s Credit
  8. Avoid Early Withdrawal Penalties
  9. Remember Required Minimum Distribution
  10. Delay 401K Withdrawals if You Are Still Working Past Retirement Age
  11. Time Your Retirement Account Withdrawals

Now I don’t have any of the above, but the advice makes good sense – investing in some form of a retirement account can help you prepare in the long-run.

Enjoy All!

Images borrowed from:
http://www.ifg.com.au
http://www.pinkpetuniapearl.com
http://www.au.pfinance.yahoo.com
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