Personal Finance News Monday 1/28

Phil's Personal Finance Tip of the Day:

9 Ways to Go Broke in 2013

From Dave Ramsey.com

Chances are pretty good that you’ve set some type of financial goal for 2013. And we want to help you get there—which involves knowing what not to do as much as knowing what to do.

So if you want to make it happen with your money in 2013, make sure you don’t do the following things—they’re sure to make you broke.

 

1. Just wing it.

This is the opposite of making a plan. If Dave Ramsey had an evil twin brother, “just wing it” might be his catch phrase. You can’t just wing it with your money. You have to make a plan—including a budget—that includes all your short-term and long-term financial goals. If you want to make a plan but you’re not sure where to start, download the all-new Dave Ramsey's Guide to Budgeting for free now.

 

2. Wait until 2014.

If, while thinking about your goals for the year, you said something like, “This just isn’t a good year to try and get out of debt,” then you’ve already set yourself up for failure. Now is the time. This is the year. Unless you just enjoy stress and debt, no more procrastinating.

To read the entire article from Dave Ramsey.com:
http://www.daveramsey.com/blog/ways-to-go-broke


Inspirational Quotes@Inspire_Us from Twitter:
Pain is nothing compared to what it feels like to quit. -Unknown


Hi my name is Philip J. Miano and I am the founder of PJM Personal Finance and Productivity Coaching specializing in Budgeting, Debt Reduction, Bank Reconciliations, Goal Setting, Time Management, and Organizational skills. Please visit my website: http://pjmcoaching.com