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

Комментариев нет:

Отправить комментарий