Comments on: Money Management and Lifestyle Maintenance

By: Karmic Ally

Karmic Ally — Mon, 11 Jan 2016 07:13:12 +0000

Happy New Year, Tamara!

I’m glad your children have imbibed the money saving habit, including your daughter who is trying and I know will succeed with encouragement. Thank you for sharing your family’s saving habits. I know it will inspire other readers knowing that it can be done.

By: Karmic Ally

Karmic Ally — Mon, 11 Jan 2016 07:11:35 +0000

In reply to Sharise Hemby-Nance. New Year's is often the best time to make resolutions about money, Sharise, because once the Season is over, we know we have a massive bill waiting for us and our motivation and determination is strong. The question then is, will this motivation last or is it better to plan things during the year and greet January with no worries?

By: Sharise Hemby-Nance

Sharise Hemby-Nance — Mon, 11 Jan 2016 02:01:13 +0000

Very informative article. Saving money is usually a popular New Year’s Resolution for many. I have learned the importance of understanding my spending habits and budgeting to help me reach my goals.

By: Tamara MacDuff

Tamara MacDuff — Mon, 11 Jan 2016 01:36:41 +0000

Happy New Year Vatsala! These are great and timeless reminders of how to manage money. Many of us probably “know” how to do it – we just simply don’t. I’ve encouraged our children to save part of their paychecks and to take advantage of any reitrement accounts offered by their employers; even though they were working part time. My oldest son did this, and now has started his retirement account; and still continues to put a set amount away in savings. My 2nd son puts money away each week in his savings; and my daughter – at least she is trying. I believe she’s doing it; and she’s making it a habit; no matter what the saving portion is. As for us, we budget and we do put some away for saving – though it always feels like it’s never enough. Thank you for the reminders for the New Year!

By: Karmic Ally

Karmic Ally — Sat, 09 Jan 2016 17:32:40 +0000

In reply to Joan Harrington. Happy New Year to you too Joan! Managing our money can help avoid lots of headaches and we can focus on other things.

By: Joan Harrington

Joan Harrington — Sat, 09 Jan 2016 17:22:31 +0000

Happy New Year Vatsala!

Fantastic and easily implemented tips for money management you have shared!
Thank you! Always a good thing to know better ways to manage money 🙂

By: Karmic Ally

Karmic Ally — Fri, 08 Jan 2016 07:09:24 +0000

In reply to K. Lee Banks. Putting things down in writing by hand helps to connect our intention with our sub-conscious mind, Karen, which gives our goals a better chance of successful achievement. I've got some other useful tips in my book Goal Achievement Simplified which works for financial goals as well.

By: K. Lee Banks

K. Lee Banks — Thu, 07 Jan 2016 21:56:35 +0000

These are excellent tips. Printing out our budget has helped my hubby and me pay more attention. Planning and setting realistic goals are all things we endeavor to do. Competing with others is not something we have ever tried to do.

By: Karmic Ally

Karmic Ally — Thu, 07 Jan 2016 16:48:18 +0000

In reply to Robin Strohmaier. Happy New Year to you and your family, Robin. You are right, planning and setting goals do go hand in hand. I always save about 10% of my incoming resources in a special fund to cover any emergencies or as we call it in India, a Provident Fund. Dave Ramsey is great and yes, I have heard of him. :) His principles are good if you are trying to get out of debt and I understand that he has lived the experience himself. Of course, as with all financial gurus, there are supporters and detractors but there is always that one person whose message gets through to us when we need to hear it.

By: Robin Strohmaier

Robin Strohmaier — Thu, 07 Jan 2016 12:19:30 +0000

Happy New Year, Vatsala!

These are fantastic tips on getting money under control, Vatsala. I have used a budget for many, many years and by doing so, it has helped us manage our money more effectively. Planning and setting realistic goals seem to go hand-in-hand, don’t they? My husband and I followed Dave Ramsey’s principles. Have you ever heard of him?

Your last point is so important and a hard one for some to overcome.

Again, great tips! Wishing you joy, happiness, peace, and success in 2016!