Personal Finance

Hello Dollar has a good tip post on Spreadsheet Budgeting which could be very helpful for anyone wanting to get their budgeting system under control without getting too complicated.

‘To gauge inflation’s effect, use the Rule of 72. Divide 72 by the inflation rate to find out how long it will take prices to double. At 3 percent, it will take 24 years; at 6 percent just 12 years.
In recent years, some public universities have raised tuition by 10 percent to 12 percent a […]

About.com has a good post on Consumer Credit Counseling Services and whether You Should Use Them?

‘More and more people are turning to credit counselors to help them get out from under a mountain of debt. Some consumers are finding out the hard way, however, that not all credit counselors are created equal.
One so called “non-profit” […]

The University of Wisconsin aims to improve the financial survival skills of its students. Great Lakes Higher Education is partnering with UW-Madison to develop a course that will prepare students to make wise financial decisions throughout college and into adulthood and eventually retirement. Michael Gutter, co-director of the school’s Center for Financial Security, says the […]

‘You owe $145,000. And the bill is rising every day.
That’s how much it would cost every American man, woman and child to pay the tab for the long-term promises the U.S. government has made to creditors, retirees, veterans and the poor.
And it’s not even taking into account credit card bills, mortgages — all our personal […]

‘MORE than 400 delegates will be discussing ways of tackling Scotland’s spiralling personal debt crisis at a major conference in Edinburgh.
The Citizen’s Advice Bureau Scotland is staging its annual conference at the Edinburgh International Conference Centre today and tomorrow.
It comes as the organisation revealed it dealt with inquiries relating to £151 million worth of personal […]

‘Getting paid and money management can be tricky business because, in addition to customers, cash flow and managing your accounts properly is what keeps your business humming along. Consequently, getting paid in full and on time, as well as understanding money management, has to become a priority, even if you elect to hire an accountant […]

‘MOST businessmen and entrepreneurs are thoroughly familiar with the financial status of their respective entities and in general use the principles of risk management to protect their resources, both physical and human.
Failure to do so could affect the stability of their organizations and ultimately impact on their bottom line.
The concept of risk management is now […]

Wealthy Web has a good post with five Money Saving tips to help get your personal finance under control:

1. Buy Clothes Out of Season
2. Make An Additional Meal From Home
3. Do It Yourself Pampering
4. Examine Your Phone Bills
5. Borrow Books
They write more under each money saving tip heading.

‘The role of credit bureaus, which sell information about your creditworthiness, came under scrutiny in Parliament this week during public hearings on the National Credit Bill, an all-encompassing piece of legislation aimed at regulating the entire range of credit transactions.
Practices by credit providers and credit bureaus that prevent consumers who have repaid their debts from […]