Calculate your net worth using Quicken

How to Calculate Your Net Worth

To figure your net worth, you need to figure out how much everything you own is worth and how much money you owe to various creditors. Using a computer program, such as Quicken, can help you keep your finances in order and make calculating your net worth a piece of cake Net Worth Formula At the most basic level, your net worth is a measure of your assets minus your liabilities. Your assets... Continue reading

Career Advice As Financial Advice

The following is a guest post by Penelope Trunk. Financial advice comes in many shapes and sizes; but I’ve found that the best financial advice you’ll ever get is career advice. Even if you beat the Fortune 500 Index every year for the rest of your life, without a solid career, you’ll have so little money to invest that you’d probably wipe out all those gains with one year of unemployment... Continue reading

Post Brexit: What to Consider Before Investing in the Stock Market

Date: June 30, 2016 If you've put a little money aside and you're looking to make it grow, your thoughts might turn to investing in the stock market. Maybe you woke up one morning realizing that retirement is a bit closer than you thought so you want to bulk up your savings. Maybe you'd just like to have a little larger nest egg than you currently enjoy. Even if last week's Brexit vote may make... Continue reading

Taking Financial Inventory: Examining Your Spending Habits

Understanding how and where you spend your money is a big step toward hitting your financial goals. Even if you do not fall victim to the problem of having "month left at the end of the money," you may not be mindfully spending or saving your income in ways that reflect what you really want. An analysis of your spending habits can result in a low-maintenance and achievable way to watch your... Continue reading
Money saving tip: Turn off the lights

6 Easy Money-Saving Budget Tips Everyone Should Try

Tip #1: Mind the Lights Switch your incandescent bulbs to compact fluorescent lamps that are qualified by the Energy Star program. You'll save around $40 over the life of each bulb. Traditional incandescent lights are the least efficient type of household lighting, since 90 percent of the energy used is lost to heat, but if you're still using them you'll save energy, and money, by turning them... Continue reading

Top 7 Myths About Personal Finance Management

Top 7 Myths About Personal Finance Management Whether the market is humming along or dropping like a rock, you still have to make personal financial decisions about saving, investing, borrowing and your everyday living expenses. With all the misinformation, self-proclaimed financial gurus and myths in the marketplace, no one can blame you for being confused about how to manage your money. We'll... Continue reading

How to Categorize Your Transactions

  Categorizing your transactions lets you see where you’re spending your money. The good news is that Quicken does most of this work automatically for you! Quicken assigns categories to your transactions when it downloads them from your bank. For example, if you used your ATM card at Kroger, Quicken knows that Kroger is a grocery store and it automatically assigns the category Food & Dining:... Continue reading

Live Debt-Free

To hear the media tell it, Americans are basket cases when it comes to borrowing. The average credit card balance per person is nearly $4,000. College grads who leave school with student loans typically owe more than $19,000. Home foreclosure rates are soaring and threatening the economy as a whole. The truth is, most Americans manage their credit just fine. And for those who are sinking in red... Continue reading

Put Your Finances on Autopilot

When you lived at home, your biggest financial concern was probably how to spend your weekly allowance. Now that you're on your own, you've got a slew of new financial responsibilities. You have to pay for utilities and other household expenses, manage your credit cards, pay off debts such as your student loans and car loan. Plus, you know you should start saving for a rainy day and investing for... Continue reading

Healthy Retirement 101: What to Do in Your 40s

 Saving for retirement can be a balancing act, particularly if you put it off until a time when you’re earning a bit more money. Often, the more you earn, the greater your financial responsibilities become, so by the time you reach your 40s, your income might be stretching in several different directions. But this doesn’t have to doom you to a frugal retirement.   Hit the Accelerator... Continue reading