Tag Archives: Personal Finance

Here comes Peter Cottontail, hoppin’ down the money trail

Source: Dreamstime.com

Children typically think of Easter as nothing more than a day when a kind bunny leaves delicious treats for them out of the kindness of his heart.

Nonetheless, what children may not realize is that the Easter bunny relies quite a bit on the wallets of adults. Let’s take a few moments and create a list of a few of our typical Easter expenditures…

  1. Eggs and Dye
  2. Chocolate goodies and Peeps™
  3. Easter baskets
  4. The Easter meal
  5. etc.

Of course, many of the expenditures listed are small, relatively inexpensive items — but, the cost of those those small, inexpensive items tend to rack up after awhile.

Nikhil Hutheesing and Bloomberg Rankings dive into the holiday and tell you just how much Easter really costs.

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To charge, or not to charge; that is the question

Source: cdn.citywirecontent.co.uk

Play along with me here:

You’re a family physician, and a pretty well-to-do one at that.

A friend of yours has four children and constantly calls you whenever his or her child has a sniffle. What do you do?

A.) Politely answer their questions, time after time, day after day, phone call after phone call.

or

B.) Recommend they pay a visit to your office and actually consult with you professionally.

Sometimes, friends may seek professional advice from other friends — and that’s perfectly O.K. But, how do you know when they cross the line of a friendly question, to a full-fledged client?

“It’s great to be an expert in your field, and it’s flattering to be asked for your opinion or advice, but sometimes people cross the limits of personal and work-life boundaries. Just because Jonas Salk gave away the polio vaccine for free and Craig Newmark refuses to charge for Craigslist, you don’t have to be a philanthropist too,” writes Jodi Glickman, CNN Money columnist.

As altruistic as you may be, you don’t have to provide unlimited counsel to friends and family around the clock. You should be helpful when you can, but you are entitled to put meaningful limits on the pro bono advice you dish out regularly.”

An individual may feel obliged to help his or her friend just because, well, it’s a friend. Nonetheless, even though the line between professional and friendly advice may be blurry from time-to-time, there is still a line and it’s probably best to know when it has been crossed.

Read on at CNN Money.

Save a few bucks in the long winter

Source: Sears.com

Punxsutawny Phil may not have been entirely accurate, which is indicated by this fantastic spring weather we’ve been having (please note the sarcastic tone).

Nonetheless, maybe we should be prepared to save a few bucks here and there jusssst in case Phil was way off.

Freshhome.com has compiled a list of 10 wise ways to save on winter heating — and seeing as how we’re still living in a winter wonderland, this list is quite relevant.

First of all, you should probably make sure you’ve sealed off any air leaks that may allow for heat to escape. The more air that stays in, the lower your thermostat has to be.

Head over to Freshhome.com and check out a few more tips to save a penny or two on winter heating.

Diagnosing your financial health

Source: 3.bp.blogspot.com

Usually, we can tell when we’re in financial dire straights.

We’re living paycheck-to-paycheck. We’re in over our heads on our mortgage. Bill budgeting has become a hassle but a necessity. Etc. etc. etc.

But, what there may be those out there who are on the complete opposite end of that spectrum. There may be those who have a magnificently clean bill of financial health. But how do you know if you’re one of those individuals?

There are certain signs, seven of them to be exact, that Yahoo! Finance’s The Exchange have compiled to figure out whether or not your finances could be given a squeaky clean bill of health.

“We spoke with a few certified financial planners to get their thoughts on what kinds of benchmarks people can use to gauge their financial health. One caveat: It’s important to note that everyone’s situation is unique and it’s not very useful to apply a blanket rule across all age groups,” writes Lisa Scherzer, The Exchange columnist.

So, what are these benchmarks?

What kind of signs should you look for?

Well, head over to Yahoo! Finance and find out.

Know your number

Source: fairfundfoundation.org

Let’s say you’re thinking about applying for an auto loan to purchase that new car you saw in a thrilling Super Bowl commercial. Well, if this is the case, you should probably be well-aware of what your credit score is.

“Why?” you might ask.

When determining your loan rate, the organization you are going through may take a good, hard look at your credit score.

This isn’t the only number that you should be aware of, though.

Yahoo! Finance has compiled a list of five financial figures that you should probably know by heart (or at least take a peek at from time to time).

Head over and take a look at what other financial numbers you should make yourself aware of.

Pinch pennies throughout life’s challenges

Source: CashNetUSA.com

As you may have noticed, we here at KriKnows are pretty fond of infographics.

Why? Because we try to inform our readers on financial matters in numerous ways, and infographics are a fun, unique, and intriguing way to do so.

Take this infographic on ways to save when considering some of life’s biggest choices like buying a car, planning your wedding, or buying your first house.

Sure, some of your relatives or friends may offer you advice on such matters, but you most likely want to conduct a bit of your own research as well. Well, CashNetUSA.com has offered up this stepping stone in finding ways to save you a few pennies here and there.

Click on the picture above to see a few more recommendations on how to save a few bucks.

Find out why your bills are skyrocketing

Source: johnpetruse.net

Sometimes we accidentally forget to flick the light switch when we leave a room, or we keep our cell phone charger in the wall after we’ve charged our phones. We may just shrug it off, not thinking that this is adding too much to the electric bill — but you may be surprised.

Believe it or not, there may be quite a few little things you can do that will cause your overall expenses to drop significantly. Things like the aforementioned, who you live with, and even the brands you buy can either add or decrease how much money you shell out.

“To err is human; to make budgeting mistakes, totally human as well. Most people are not aware of the little budget traps we get caught in, because life is so busy that it’s hard to keep track of the smaller money details. But being careless can rack up higher bills,” writes Emily Co of Popsugar.

Co has compiled a list of 13 things that are causing your bills to skyrocket. Read on and find out how to lower your monthly expenses.

Source: popsugar.com

Avoid these 10 budget myths

Source: lewisborogov.com

You sit down at your kitchen table with your spouse to go over your bills. You discover that money going out is quickly overwhelming the money coming in.

It may be time to go on a budget.

Some people may look at the above sentence and roll their eyes, shrug it off, and say, “I don’t need to go on budget — my finances are fine.” Unfortunately, denying the need to budget is one of the 10 budget myths, according to Investopedia.

“Even though budgeting is a wonderful tool for managing your finances, many people think it’s not for them. The logic they use, however, is often flawed. Below is a list of 10 budget myths that stop people from saving as much as they could – and should,” Investopedia writes.

To read on about the 10 budget myths, please follow the link listed above. For more investing or budget-related information, visit Investopedia.com.

SOURCE: Investopedia

Cut costs in 2013

Source: Blog.Score.net

We are nearly two months into the new year, and that means that we are all beginning to settle into the day-in, day-out life of 2013.

Daily routine may not vary much from year-to-year, but the way we look at, and handle our personal finances definitely relies on more than our personal lives. We have to examine the state of the economy, what’s going on in politics, rate of inflation, etc.

This means that we are constantly on the search for ways to cut corners and potentially save a bit of cash where we can.

Fox 4 News out of Kansas City has provided us with a list of 25 Personal Finance Tips for 2013. Click below to see how you may be able to cut a few costs this year.

SOURCE: WDAF-TV

Live within your means

Source: savingadvice.com

We’ve all done it.

Sure, it’s nice to spring for that new 62-inch flat-screen plasma television set, or spend a day out at the shopping mall, but before you do you should be asking yourself one key question — can you afford it?

Sometimes it’s difficult to stop and think about your financial situation when you have that dream buy standing right in front of you. Luckily, Lisa Scherzer of Yahoo! Finance has put together a list of a few signs that may indicate you are living beyond your means. Follow the link below to read on.

Source: Yahoo! Finance