вторник, 8 июля 2014 г.

101 Money Skills Everyone Should Have

101 Money Skills Everyone Should Have


101 Money Skills Everyone Should Have


Love the Napoleon Dynamite reference


Sometimes even the easiest, common sense skills aren’t given much attention, like balancing a checkbook and making a grocery list. But they are very important. This is a great list, and I definitely agree with number 101. Putting people and relationships before money is essential.


I do all, but one! I do not have Certificates of Deposit, so I do not ladder them.


But you get the concept: understanding interest earned and accessibility to cash.


Great list. And #101 is the most important one of all.


I love this list. What a great idea.


Great list, and making a list can be great tool to use in planning, managing, or evaluating our lives.


We usually think prices are set in concrete except at yard sales and flea markets. Learning to ask is a great skill. I found out I could negotiate my medical bills (the ones not covered by insurance). I paid cash at the time of service on an MRI and got a 20% discount. Talk to your pharmacist too. Ours is a local one they they made a point of finding cheaper options for us on regularly taken meds after we asked.


Just goes to show you there is always more to learn. It never stops.


Great nice list


Thanks, SB!


Do you have the skills to pay the bills?


Here are some good skills to have on your journey towards financial freedom.


“You know, like nunchuku skills, bow hunting skills, computer hacking skills… Girls only want boyfriends who have great skills.” – Napoleon Dynamite


Good Skills to Have with Your Money


Balance a checkbook


Create a zero-based budget


Track your spending


List your monthly expenses


See all of your accounts in one place


Eliminate unused expenses


Get a late fee waived


Get hardcore frugal


Call and lower your TV, Internet service, and phone bills


Haggle for the lowest price


Spend based on your values


Implement a “sleep on it” rule


Learn from your money mistakes


Locate an online coupon or promo code


Use your smart phone to save money


Get cash back for the things you already buy


Make a grocery list


Clip coupons


Get free shipping


Find a fee-free ATM


Find the cheapest gas in your zip code


Negotiate for a new or used car


Know when it’s smart to rent a car


Live within your means


Take care of your stuff so it will last longer


Delay gratification


Create SMART money goals


Get your three credit reports for free


Get your credit score for free


Know the factors making up your credit score


Find your credit card interest rate


Understand compounding interest


Create a debt snowball or avalanche


Call and lower your interest rates


Set up an amortization schedule


Calculate your net worth


Find the best mortgage rates


Find your car’s blue book value


Perform basic car maintenance


Sell your car for maximum price


Find your home’s estimated value


Perform basic home maintenance


Avoid private mortgage insurance


Determine when it’s time to refinance


Explain what type of mortgage you have


Create a plan to pay off your mortgage early


Escrow your own property taxes and insurance


Change your insurance deductibles


Create your last will and testament


Take a home inventory for insurance purposes


Understand the “pay yourself first” concept


Set up an automated savings transfer


Set up a direct deposit


Create an emergency fund


Get more for your savings


Create a diversified retirement portfolio


Balance your retirement portfolio


Find a fund’s expense ratio


Rollover your 401K


Change your 401K contribution %


Get your employer match


Calculate your annual contribution limits


Calculate your income needs in retirement


Calculate your “number”


Stay cool when the market crashes


Understand stocks vs bonds


Understand index funds vs mutual funds vs ETFs


Find and talk to a Certified Public Accountant


Avoid unnecessary taxes on your investments


Explain the difference between a Roth and Traditional IRA


Complete you tax return


Maximize your deductions


Understand your marginal tax rate


Calculate your effective tax rate


List things on craigslist.org and eBay


Donate things to your local Goodwill


Give more money each year


Find a reputable charity


Set up a CD ladder


Calculate your daily and hourly salary


Find out what salary you should be making


Find legit extra income opportunities


Understand the importance of diversifying income


Talk to your (future) spouse about money


Set up a FSA or HSA for your medical expenses


Negotiate a cash price for medical services


Put people and relationships before money


How many skills do you have? I know I missed a few. List some more good skills to have with money in the comments below…


Original article and pictures take http://ptmoney.com/good-skills-to-have-money-skills-everyone-should-have/ site

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