I Need to Start Working on a Budget

July 31st, 2012

 ... computer aided design and manufacturing never compromising qualityI am currently single and I have a pretty decent job working for a company which makes auto parts. I am trying to get some training so that I can advance in the company. The thing I need to learn is computer aided manufacturing, because that is the important part of this work. At any rate I have been going with a really great girl for about five years and we are currently living together in an apartment. She has a much better job than I do and we need to start saving up a lot of money if we are going to be able to get our own home. At the moment we have our rent, our car payments, our auto insurance and the utilities. We are cutting back on everything which is not essential, but that is very difficult. We are still relatively young and we both enjoy going out to dance and see bands play at clubs near the college campus.

Right now we are looking at ways to get into a more affordable housing situation. I am even willing to consider moving back in with my Mom for a short period. She is living alone in a nice three room house out in the suburbs, her mortgage is paid and she does not have any expenses. She would love it, but of course then we would have to be constantly encouraged to produce a grandchild. Still our rent and utilities would vanish. If we saved that amount of money for a few months that would get us close to a down payment on our first house. I hate to even think about the cost of a wedding. We are thinking about whether or not we should just take off one weekend and get married at Atlantic Beach or some place like that.

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Optimizing Your Investment and Life Portfolio

July 31st, 2012

Finances are a very touchy subject, and it is important that you stay on top of things as often as possible if you want to feel secure all of the time. Personal finance stems from your bank account and the funds that you have coming in from your retirement funding and investments that you make. One of the most important keys to personal finance is to spend less than you earn so that you are constantly bringing money in each month.

If you are bad with managing money, the first thing that you will need to do is to create a spreadsheet distinguishing all of the expenses and income that you have each month. This will give you a good breakdown of how much you will need to save and how much money you will have left over. After you have this, you can project this out to see how much money you will save if you continue this pace for a period of 3 months, 6 months or a year. Continue Reading »

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