Question by Bundy: What program to use for personal finance?
What programs or websites do your people used for any personal finance activities. I mean do you people used Quickbooks to track down your expenses? How do you budget. Any programs you think is great? I want to start tracking my expenses and budget better. Any other programs suggestions relating with personal finance is greatly appreciate.

Best answer:

Answer by Bianca S
Make a 12 month file. With Jan.-Dec. Keep all of your receipts!!!!!!! And bills. Or money order receipts. Each time you buy something add it to your caculations for that month and keep it in the month you bought whatever in it. When taxes need to be filed you’ll have how much money you have spent in each month and the receipts. Some stuff can be deducted. Like cell phone bills and gifts to others and you have to have the receipts or money order receipts or checks to prove it.

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Question by bugs: personal finance?
looking for some persnal finance books to read,any suggestions?

Best answer:

Answer by Josher
You’re So Money, by Farnoosh Torabi.

It’s a great book about personal finance from the views of the twenty something. It’s a great book for anyone under the age of 45. Particularly focusing on the finance for the younger American.

Check it out. She’s a friend of mine and almost as savvy as me.

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Question by Bdubs: What personal finance lesson do you wish you had been taught by your parents or in school?
Personal finance was slightly taught to me by my parents or in school. I had to learn how to balance a checkbook, the dangers of credit cards and about saving all on my own. What personal finance lesson do you wish you had been taught in your younger years & how would that have changed your current economic status?

Best answer:

Answer by Judy
I wish I could teach the world:
Don’t ever carry credit card balances – it ruins your credit
Don’t even think of leasing a car – its moronic
Don’t ever rent furniture
Don’t ever buy a time share
Don’t even think of financing furniture – save up for things.
Save to buy a car, as much as possible.
Put 20% down on a house – even if you think your friends will make fun of you for having a small house.
Put money away in a ROTH, 401K – as much as possible
Become as self- insured as possible – stop making insurance companies rich
Always have 6 months worth of living expenses socked away.
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Question by OregonOcean: Personal finance?
Is there a free web site with professional advices/information on how to build a good credit score and other personal finance advices ??

Best answer:

Answer by Randomname83
http://finance.yahoo.com/banking-budgeting/article/103507/Thirty-Five-Minutes-to-Riches

Above article provides some basic information on raising your credit score.

Personal financial advice is hard because it has to be tailor made for you. To make it simple, do the following:

1. Build an emergency fund worth 3-9 months of your monthly income (based on age, income, etc).
2. Contribute to a 401(k), IRA or some sort of retirement vehicle on a regular basis (10% or more of income is a general rule of thumb if you start prior to your mid 30s).
3. Reduce expenses that are not “needs” if you have a hard time doing steps 1 and 2 (Ex. I have a $ 3.49 coffee everyday at work in the morning and a $ 1.07 iced tea each afternoon. If I stopped those expenses I could save nearly $ 5 each working day which would be ~100 dollars in a month).

If you are saving money regularly, feel free to spend some. For instance I use ~60% of my monthly post tax income and save the other 40%. When I am banking 40% each month I can afford to spend money on the “wants”.

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Question by adriaan b: Personal Finance?
I would like to take out a personal loan, but always when i buy something i buy it in cash, now i cant get a personal loan,

Any good advise

Best answer:

Answer by rudy4prez
Get a cosigner. Also, start buying things on credit cards, then pay them off completely that month.

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