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A Good Rule For Borrowing


A Good Rule For Borrowing

Never borrow to buy depreciating items. Things such as new cars, furniture, clothes, appliances, boats and luxury items should not be purchased until money is available to pay for them.
Don’t borrow to go on vacation, to invest in the stock market, to get married, to keep up with the Jones family […]

Five reasons to pay cash!


Five reasons to pay cash!

Plastic—ATM card, debit cards and credit cards—are all stand-ins for money. They are not the real thing. They are just representatives, and often poor ones, when they represent debt.
Five reasons to pay cash!

Paying cash means making some lifestyle changes and sacrifices, but it will keep you from drowning in a […]

Making Small Sacrifices


Making Small Sacrifices

You CAN do WITHOUT these things:

Cable TV
Call Waiting, Call Forwarding, Conference Calling
Gourmet coffee drinks/snacks
Hobby acquisitions and/or expenses
Lodging expenses at the beach, mountains or other destinations
Massages and manicures
Movies
New clothes
Restaurants
Sports events
Unnecessary vehicles (all new vehicles)

Your thoughts on this subject? Your comments appreciated!

10 Financial Principles


10 Financial Principles

The following list of 10 financial principles were penned by the Reverend William J. H. Boetcke. Part of the beauty of these remarks is that they are short, to the point, and easily understood by anyone.

You cannot bring about prosperity by discouraging thrift.
You cannot help small men by tearing down big […]

Five Things You Can Do With Money


Five Things You Can Do With Money

There are only five things you can do with money.
1.    Give it.
2.    Save it.
3.    Invest it.
4.    Lend it.
5.    Spend it. 
Notice where spending comes in that lineup: last. Spending should never be the first thing you do with your money. Because the proper management of money is specific and […]