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Managing your spending habits, saving sufficient funds and clearly seeing your personal financial situation are important elements in managing your personal finances correctly. This test will give you an idea whether you need some more help, or if you’re on top of this important part of your life. (The answers are listed at the end of this article.) Question #1. What does “living within your means” really mean? Question #2. What damage can only paying the minimum credit card payments each month do to your financial future? Question #3. What is the most widely advocated and proven method of getting your finances in order? Question #4. What are the most important financial goals you can set? Question #5. Why is it not safe to spend all your income each month? Question #6. What is the recommended percentage of my income that needs to be saved for emergencies and a savings nest egg? Question #7. In what order should your bills be paid? How did you fare with these Read More

Spring is in the air across the country and many people are beginning their gardening and participating in the tradition of spring cleaning. It’s the time of year when garages get organized, and clutter is removed so that the floors and walls can all get a much needed cleaning after the family has spent months indoors waiting out the cold weather. Anyone who’s ever tended a flower garden knows that flowers require some care and attention to bloom fully. You’ve got to keep their area free of weed clutter, watered and with just the right amount of sun to really help them thrive. Your finances need similar attention to bloom – and decluttering your financial situation can save you money. Weeding Debts Start with your current debts, since these are likely to be costing you the most money in fees and interest. Get your free credit report from annualcreditreport.com, and see whether or not there are any inaccuracies reported. If so, dispute the problem in writing Read More