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Keep Your Eyes on Your Dollars

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This is a guest post from Pauline of InvestmentZen.com I always thought the name of this site was a clever word play between Kim’s optometric career and her interest in personal finance. But the message goes further than that. You need to keep your eyes on your dollars or they will disappear before you know it! I am a bad example when it comes to tracking every penny, but once in a while, I will have that “spring cleaning” moment, where I scrutinize every line of my online banking statement to look for occurrences where my money disappeared without me noticing. Last week was one such week. I had been home, in Guatemala, for less than 10 days. Yet I noticed I had taken over $1,000 in cash out of my account. While I don’t know how much I spend exactly while I am there, $3,000 a month is far from it. Where did the money go? Well, there were a few expenses to fix my guest house after we had a hurricane damage things. There was a vet bill because a neighbor shot my dog. Yes, it was an eventful week. But after that, the rest was pretty much ...

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Change Your Finances By Thinking Like a Millionaire

Can changing the way you think really impact your finances and help you get closer to your goal of becoming a millionaire? Many people, including some financial experts, would say the answer is yes. This doesn’t mean you can simply sit around and visually will yourself into becoming a millionaire while putting in virtually no work or effort. What this instead means is that if you can change your mindset to be more like a typical millionaire, you’re more likely to not only create your financial goals but be more prepared to achieve them. Below are some simple ways to shift your thinking, and in the process, achieve a better financial life for yourself. Write Everything Down Think about all of the ideas you have during the course of a day or a week to make money. They probably pass through your mind all the time, but then just as quickly you may forget them. What’s important to realize is that if even just one of those ideas were a really good one, it could change your course completely. If you were to have a chance to meet with some of the world’s wealthiest people, you would likely see this ...

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“Money Saving Hacks” Could End up Costing You

“Money Saving Hacks” Could End up Costing You

I feel like every time I turn around I see some new hack that is supposed to save me time or money. While wanting to save time and money is never a bad thing, there are some hacks that are just not worth it. Sometimes these money saving hacks will be a waste of time, or even worse, they may end up costing you more money instead of saving you money. Before you fall for some of the money saving hacks you see on TV or on Pinterest, make sure they are really worth your time and effort. Here are a couple I’ve found are just not all they’re hacked up to be. Couponing Yes, using coupons can save you money and I am not sure if you’d really count it as a hack. But if your time is worth anything, it might actually be costing you more money than you are saving. I have a couple of friends who have started using coupons and while I’m happy that they are proud of their savings, I have to wonder if they are really saving money. They post pictures of their receipts and even with savings from coupons, they are spending ...

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How to Save More on Your Move

Moving can be incredibly expensive, even if you are only transferring across town and are just renting a new place. Besides all the deposits and down payments you have to pay for the new place and the services you need, you also have to pay to move all your belongings. The farther away you have to move, the more expensive it will be. With a little planning and some different decisions, you can save a lot of money on your move. Here’s how: Shop Around You have plenty of options for moving companies, and the costs will vary by company, location, type of move and many other factors. To get the best price, you need to shop around and get quotes from numerous moving companies. Call well-known companies like North American moving services, as well as smaller mom and pop type companies. Just make sure that you check out the reputation before you call so that you aren’t wasting your time with scam artists or amateurs. Be sure to get a written and detailed estimate from each company. The company might quote you a great price to lure you in but then add a lot of fees in the fine ...

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Should You Pay for Your Funeral While You’re Alive?

Should You Pay for Your Funeral While You’re Alive?

Most of us don’t like to think about death, especially our own. But, as Benjamin Franklin would say, “In this world, nothing can be said to be certain, except death and taxes.” In other words, just because you don’t like to think about death it doesn’t mean you can escape it altogether. So, you know you can’t live forever, but should you pay for your funeral while you’re alive? According to Moneywise, “Your funeral is the fourth most expensive thing you will ever pay for after buying a house, having children and getting married.” Even if you have final expensive life insurance, funerals are expensive! This is just one reason why it’s a good idea to start paying for your funeral while you’re alive. Below are some more reasons why you might want to pay for your funeral ahead of time. Spare Your Family By pre-planning for your eventual funeral, and pre-paying for it as well, you can relieve your family from this burden. Not only that, but you can ensure things are done the way you would want them to be done, such as having your body cremated or determining where you should be buried. Save Money The Federal Trade Commission ...

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