The Best Way to Kick-Start Your Money Resolutions For the New Year
As the new year rolls around many of us decide to enrich our lives in numerous ways. As many of us venture towards a life of salads and gym memberships, we tend to forget about our fiscal resolutions. Dieting can be quite an expensive lifestyle change. Luckily there 's a diet out there that can kick-start your money resolutions!
Why You Should Outlaw Credit and Debit Cards
We are lucky to live in a society with easy and secure access to our money through the use of credit and debit cards. We 're even given register books to manage the amount of money that goes in and out of our accounts on a daily basis. However, most people are forgoing the hour long process of jotting down every receipt in their wallet in favor of online transaction summaries that most banks provide. Debit and Credit cards are great things, don 't get me wrong. But, let 's be honest, it 's a lot easier to lose track of how much money you spend when you can 't visually see a wad of money slowly disappearing inside your wallet. Losing the credit and debit card is the perfect way to kick-start your money resolutions.
Here is a list of several reasons that switching to cash can help kick-start your money resolutions
You can actually see how much money you spend if you use cash
You can 't go into debt or procure pesky overdraft fees
You can learn how to budget better (you can 't spend cash that 's not there)
Using cash instead of card can
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In today’s world there are many different types of gambling such as casinos, state lotteries, pull tabs, bingo, sports and internet gambling. Popularity of this activity remains strong in America, however, there are individuals and groups that continue to scrutinize and attack this industry. I believe gambling is a fun social activity that should not be prohibited or policed by the federal government. It should be an individual’s right to choose if they gamble or not based on their own personal beliefs and view point.
Many financially unstable Americans use payday loans as a means of escape from bills they cannot afford when their low paying jobs do not provide enough for them to live on. In the article “Many states have cracked down on payday loans. Here’s how lenders still get away with it.” by Jeff Guo, of The Washington Post, payday lenders are criticized as being “a slippery bunch” but should all payday lending be completely outlawed?
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.
This may not seem like a major move in becoming debt free, but it gives us well needed practice in changing our behaviors to start becoming money minded. For me this was a step that was already complete, however, for some this may be the hardest step to take because it requires them to change and become committed to a new process (Ramsey, 2012).
Thinking of the other things I can do with the money, and others wants I can fulfill; such as new weather shoes or the latest trends. Sing makes really good argument, within the book that is very successful in having me re-think my approach, to
As I keep my spending records I can clearly see what I spend money on. Sometimes it’s in things that I do not need and that instead I should save. One of my financial goals is to start an emergency savings fund that I could use in the case of any extreme emergency or just save as extra money for retirement. Finding aspects of my life where I can save extra money is something accessible through the data of spending records. As I save more money I could look into investing more, possibly in stocks. This makes spending records important in my investing future and financial goals.
Statistically, in 2010, the gambling industry in Canada was worth over $15 billion dollars (Derek Miedeva)! That means that thousands of Canadians gamble each month. Most gambling is done within a casino, consisting of slot machines, poker tables, etc. Another way to gamble includes buying lottery tickets and simply making a bet with a friend. People who gamble take a chance. Most times they take a chance involving money or tangible objects where each can either be lost or won. Most people think of gambling as a fun way to spend and evening out, when in reality gambling has become an everyday problem for those who become dependent on the game. In the media, it is always brought to the attention of the public when someone has won the million dollar jackpot or strikes gold at the casino. What is not brought to the attention of others is how sometimes the gamble can take over someone’s entire life. Gambling should be made illegal due to the possibility of adapting an addiction, leading to strains on the human body, the raise of crime and violence in one’s life, even though the gambling business provides economic and social benefits.
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The credit card companies and banks are getting richer, while most Americans are getting more in debt. The economy is in trouble, therefore, more and more people are relying on credit cards. In today’s society we are constantly trying to get out of debt, but in the process of trying to get ourselves out of debt, we create more debt. One of the major problems that most of us are dealing with is credit card debt. Most credit card companies are not looking out for your best interest. They are constantly raising interest rates. Minimum payments are just enough to cover the finance charges. Most Americans should not use credit cards for the following reasons: it will create bad spending habits; you will incur more debt affecting credit
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Here’s why: Every time I pull that debit card out, I take a risk. Just a week ago, I left it at a Chicago coffeeshop; when I returned an hour later, the barista handed it to me. I had no idea I’d even left it there. That barista got a nice tip—she was an honest person. But what if not?
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