Bad Life Events

In this society, some of the most important things in your life have to deal with money. In Chad Foster’s book, Financial Literacy for Teens, he taught his readers how to save, spend, invest and give away your money. Reading this book has taught me to start saving when I’m young, know the differences of what I need to buy rather than what I want, to make money while I sleep and giving away some of your money will not only help yourself, but help many others as well.

This course provides an overview of the elements necessary for effective personal financial planning and the opportunity to apply the techniques and strategies essential to this understanding. Primary areas of study include creating and managing a personal budget, understanding and paying taxes, working with financial institutions, wise use of credit cards and consumer loans, financing automobiles and homes, and the use of insurance for protecting one’s family and property.

Financial well-being even in the most difficult times takes a great deal of discipline and self-control. And those qualities have to be exerted even when things are going well and you have a surplus in your individual bank account. The old adage says that you must find a way to expect the unexpected. That might not be realistic, of course, but if you can find ways of preparing yourself and your finances for even the worst-case scenario, you’ll be able to maintain a solid state of mind even if the most awful financial situation comes to pass.

Although knowing how to manage money, budget, and finance does not guarantee life will be a piece of cake, failing to understand can come with consequences. Many students are going into college and starting careers without knowing how to properly manage their finances, save money, or invest. In her article, Yes: Ignorance Carries a High Price, Annamaria Lusardi uses driving as an example. Lusardi mentions how there are many precautions taken in

Financial strain can lead to a mental tightrope. Constantly having the instability that comes with no steady stream of income, as well as the worries of bills and how to care for yourself and possibly your family can lead to a never ending cycle of never enough time and never enough money.

Things can change so easily in life and it 's impossible to know what is going to come your way. Emergencies or large expenses may come up and you want to be as prepared as

Herbert A. Simon, a Nobel laureate, suggested that a decision maker did not always make the best financial decision because of limited educational resources and personal inclinations. Because of this, we seek the advice of others to make better financial decisions. In David’s Chiltons The Wealthy Barber Returns, he explains why saving first, spending less, and investing your money now will help secure your financial future. In my opinion, the advice he gives are simple but well founded. After reading this book, I will put my credit/debit cards in the freezer, set up an automatic savings plan with Tangerine, and invest 5% of my pre-tax income. Even though you are probably confused as to why I’m doing this, hopefully everything will be clear

The goal of this course is to get you thinking about personal finance issues at a point in your life when you still have time to benefit from the power of time in generating wealth to accomplish your other life goals. The financial decisions you make early in life with determine in great extent the quality of life you will enjoy later, especially given the turbulent and uncertain economic conditions. Money isn’t everything, but a lack of it will impact almost every aspect of your life and those who surround you.

Economic knowledge is very important to have, especially in modern America. Dave Ramsey, a speaker, and guide for the public helps better educate on the importance of money and how it works. From a series of videos by Dave Ramsey, he brought to my attention a few important parts of saving. One of them is to always pay with cash. Another being avoiding acceptance of loans. Lastly, Ramsey hammered in the idea of always looking for opportunities to save money. These three points stood out to be most important to me.

The first lesson that this book has taught me is that it is a necessity to have emergency funds set aside and to only spend that money when it is truly an emergency. One of the sections of the books is titled “Emergency Fun(ds)” and it explained that people expand the definition of “emergency”. “Because for 30 years I’ve watched people, even disciplined people, expand the definition of “emergency” whenever they see something they really, really want and they have the money in the bank to buy it.” This quote says that people alter their meaning of emergency whenever there is anything they desire and have the funds to purchase. Life is unpredictable and a person’s financial circumstances can change dramatically in a brief amount of time. In order

Money. It’s something that all of us want more of, and yet most of us aren’t equipped to make real changes in our finances so that we can have more money. This is especially true if we’ve found ourselves in debt through a series of unfortunate events. But relief does exist for this who are in debt. Additionally, there is help for those who not only want to get out of debt but who also want to eventually save and even thrive when it comes to finances. If you’ve decided it’s time to revamp and even recover your finances, these 10 money solutions will help you make sense of your finances.

After reading the article “Husband and Wife Differences in Response to Undesirable Life Events” I saw that the hypothesis the writer was testing is the reaction to negative outcomes based on the events and genders in the lives of married couples. In this study, the dependent variable is the reaction to events by the married couple. The independent variable for this study is the event that occurred that causes stress between the married couple. The article goes in depth about the stresses that the married couples face and which gender is more apt to talk about what is causing the stress. The researchers in the article are trying to figure out how the males and females in a marriage react to certain undesirable life events. The research in the article is qualitative; this is because it is measuring the quality of life between the genders of married couples who are experiencing less than desirable life events instead of a quantity of something. The best way to conduct this research study is the use of case studies. Based on the article, the researchers came up with a great amount of information that carries a

Money is a precious thing and it can become challenging to not spend it immediately after getting it. It is crucial that this does not happen. There is no denying that money is an important part of society. The world revolves around money and without it, one? would not be able to function. In everyday life the average household will spend one hundred and sixty dollars daily. It is safe to say that money is an resource used daily. It is a tool that can be used to connect with other people or buy anything a person could want or need. Yet it is easy to spend money without realizing how much is really being spent. With only a few simple tips it will become much easier to save money instead of spending it on frivolous things. One’s hard-earned dollar should be saved, and simple tips such as using cash instead of cards, saving small change and only purchasing what one really needs are a few of many ways of doing this. The power of money can easily be abused and it is very important to make sure that a person is well informed on ways to save and spend money wisely.

Some people save money their entire lives in order to be able to go on

In life everyone will face some form of hardship. Some people may not go through as many hardships as some others might but we all still have our own personal problems. In my life I have not faced many hardships like some others have which I am very grateful for such things not happening to me. But even though I haven't gone through many hardships I have still had my own fair share of personal hardships. One such hardship I have gone through twice is overcoming the death of a loved one.