Some friends in college are already into personal budgeting and financial planning. I’d like to do it myself. Any help here?

Some friends in college are already into personal budgeting and financial planning. I’d like to do it myself. Any help here?
by

1 Answer

Answer :

Keep track of your spending over a month or two and categorize every dime. Use that information to decide what types of spending you can cut, then prepare a budget.
by

Related questions

I have always prided myself for having perfect credit, but the recent downturn in the economy and unexpected medical expenses have no changed that. I don't want to file bankruptcy, but am way behind on payments. What are my options?

Description : I have always prided myself for having perfect credit, but the recent downturn in the economy and unexpected medical expenses have no changed that. I don't want to file bankruptcy, but am way behind on payments. What are my options?

Last Answer : For medical bills, you can make small payments to the hospital every month and as long as you’re paying off the loan, they can’t write it off as un upaid bill. So pay them $15 a month and use the extra $ to pay off your credit cards.

What is the most robust personal finance software?

Description : What is the most robust personal finance software?

Last Answer : I’ve been using the web site Mint – check it out.

Whats a personal data link?

Description : Whats a personal data link?

Last Answer : A personal data link is a device that you can use to access your files by connecting the device to your data storage. A virtual personal data link is a program that creates an organizational ... device. You can access your own files through traditional methods without requiring this device to do so.

Can you recommend some things I should think about and/or investment opportunities I should consider (e.g. 401k, Roth IRA, etc) and how to decide where to start?

Description : Can you recommend some things I should think about and/or investment opportunities I should consider (e.g. 401k, Roth IRA, etc) and how to decide where to start?

Last Answer : The most important thing is just to start!

Benefit from stepped-up basis by having my parents buy stock for me?

Description : Benefit from stepped-up basis by having my parents buy stock for me?

Last Answer : Get a tax lawyer and don’t ask on a random inter-web site what to do with your money. It could go the ASPCA or homeless shelter if their will is not directed to you.

If the feds succeed in passing laws that drive people only to banks for their retirement and investments, what will that mean to the middle class?

Description : If the feds succeed in passing laws that drive people only to banks for their retirement and investments, what will that mean to the middle class?

Last Answer : answer:I can't imagine anything like that will ever pass. Plus, banks usually have an investment arm. Maybe the bill isn't about only being able to get the same interest as savings, but about how ... retirement money in what would be equivalent to a savings account so I wouldn't worry much about it.

Under what circumstances do taxes go up in the US?

Description : Under what circumstances do taxes go up in the US?

Last Answer : This site appears to have the federal tax brackets per year going back to 2000 if you want to look at the historical rates. But who knows what will happen with taxes.

Do you have a Roth IRA?

Description : Do you have a Roth IRA?

Last Answer : answer:If you make the same amount of money and tax rates never change your whole life the IRA and the Roth IRA will result in the same amount being taxed and the same amount being saved. ... being taxed at the lower brackets and at the higher brackets as they age and their careers/salaries mature.

I have a high tolerance for bullshit, what steps do I take to begin to change?

Description : I have a high tolerance for bullshit, what steps do I take to begin to change?

Last Answer : answer:Life is about adaptation. Even on a biological level, organisms go through three stages: performance, feedback, revision. In natural selection organisms do something and if it doesn't work effectively the process is ... any time, and you don't have to put up with anything you don't want to!

At the end of the year, would you rather have your salary 10% higher, or the stock market 10% higher?

Description : At the end of the year, would you rather have your salary 10% higher, or the stock market 10% higher?

Last Answer : My salary, obviously.

As of Feb 13,2011, what is the current interest rate for 5year T-notes ?

Description : As of Feb 13,2011, what is the current interest rate for 5year T-notes ?

Last Answer : Here you go.

What does "liquidity" mean in a basic economic terms?

Description : What does "liquidity" mean in a basic economic terms?

Last Answer : “Liquidity” is the ease with which assets can be converted, usually into cash. More “liquid” assets are ones which can be sold or traded more easily (like a bicycle), less liquid ones are more difficult to sell or trade (like a house).

Making a plane reservation, and when I put in my credit card info, it also asked about social security card (last four digits), and other stuff. Why?

Description : Making a plane reservation, and when I put in my credit card info, it also asked about social security card (last four digits), and other stuff. Why?

Last Answer : Is it just about verifying the credit card or could it be an anti-terrorism thing, where they have to do a background check on you or something? I haven’t flown in a long time, so I’m not up to date on this stuff.

What percentage are portfolios losing during this challenged economy?

Description : What percentage are portfolios losing during this challenged economy?

Last Answer : Are you talking about retirement portfolios? Mine is actually on the rise.

Can you rent a home with bad credit?

Description : Can you rent a home with bad credit?

Last Answer : Yes, but not easily.

Nominees for the Penny-Pinchers Hall of Fame?

Description : Nominees for the Penny-Pinchers Hall of Fame?

Last Answer : answer:There is and has been always my mother and the infamous tea bag. After her cuppa, she would put the used bag in the refridge. Days later we used to find these dried-up dead objects in little dishes. ... tea and eye shadow she has the little box w. the mirror on the lid and the teeny brush.)

Housing as a percent of income?

Description : Housing as a percent of income?

Last Answer : answer:Mortgage lenders figure your debt to income ratio using your net income. The figure they use includes principal, interest, taxes and insurance, if there are homeowners association dues, those will be included ... FHA/VA loans are figured using net income, I'm not sure if that is true anymore.

The basis of farm budgeting is: (A)production function analysis (B) Linear programming (C) Cost – benefit analysis (D) Farm planning

Description : The basis of farm budgeting is: (A)production function analysis (B) Linear programming (C) Cost – benefit analysis (D) Farm planning

Last Answer : (C) Cost – benefit analysis

Tool of farm management is — a. Farm planning b. Farm budgeting c. Farm book keeping d. Production cost function

Description : Tool of farm management is — a. Farm planning b. Farm budgeting c. Farm book keeping d. Production cost function

Last Answer : c. Farm book keeping

…… is a tool to estimate the cost or necessary efforts for projects, work packages or activities in project management. 1. Cost budgeting 2. cost control 3. Cost analysis 4. Resource Planning

Description : …… is a tool to estimate the cost or necessary efforts for projects, work packages or activities in project management. 1. Cost budgeting 2. cost control 3. Cost analysis 4. Resource Planning

Last Answer : Cost budgeting

Which of the following statements are not true about budget, budgeting & budgetary control? A. Budgetary control works on the basis of best option B. Budget is one of the important mediums of communication C. Budgeting develops the quality of objectivity in planning D. None of the above

Description : Which of the following statements are not true about budget, budgeting & budgetary control? A. Budgetary control works on the basis of best option B. Budget is one of the important mediums of communication C. Budgeting develops the quality of objectivity in planning D. None of the above

Last Answer : D. None of the above

Trend analysis is significant for a) Forecasting and budgeting b) Profit planning c) Capital rationing d) None of the above

Description : Trend analysis is significant for a) Forecasting and budgeting b) Profit planning c) Capital rationing d) None of the above

Last Answer : a) Forecasting and budgeting

Which best explains how budgeting helps consumers reach their financial goals?

Description : Which best explains how budgeting helps consumers reach their financial goals?

Last Answer : Budgets allow consumers to control how much money they have going out for expenses.

A system where accounting is established with responsibility a) Responsibility accounting b) Financial accounting c) Cost accounting d) Budgeting

Description : A system where accounting is established with responsibility a) Responsibility accounting b) Financial accounting c) Cost accounting d) Budgeting

Last Answer : a) Responsibility accounting

Budgeting as a College Student?

Description : Budgeting as a College Student?

Last Answer : As a college student, you should be very careful about the money you spend. When creating a budget, only be sure to allot spending for basic necessities. You may set a limit for eating out and ... sure that the amount in these areas is minimal. Budgeting will help you save your student loan money.

Which of the following is an assurance service? a. Performance measurement b. Systems design and installation c. Tax planning d. Personal financial planning

Description : Which of the following is an assurance service? a. Performance measurement b. Systems design and installation c. Tax planning d. Personal financial planning

Last Answer : Performance measurement

Some days (like today), I think to myself that I'd love to pack it all in (work) and open up an antique store. What would I need to do to become a successful antique dealer?

Description : Some days (like today), I think to myself that I'd love to pack it all in (work) and open up an antique store. What would I need to do to become a successful antique dealer?

Last Answer : answer:First of all, a good eye for antiques. Then you'd need to identify your supply of antiques (the nice old stuff is getting a bit scarce; since it lasts so much longer than the modern crap, people ... the new owner's house until it either goes to a junk store or else is sold in an estate sale.

Add an ID column to an already existing MySQL table?

Description : Add an ID column to an already existing MySQL table?

Last Answer : I’m not an expert on MySQL [@stewartwb?], but in SQLServer that works just fine. Add the column and set the identity property and it autogenerates. What happens when you try that in MySQL? Do you get an error? or does it just not populate?

Do I need to program the VTech digital cordless phone for caller ID, or is it already set up for that?

Description : Do I need to program the VTech digital cordless phone for caller ID, or is it already set up for that?

Last Answer : The phone is shipped set up for both Caller-ID and Call Waiting services. The manual will instruct you on the procedures to be followed to add, delete and scroll through saved numbers. However ... and there may be an additional charge on your monthly phone bill to reflect these additional services.

Is it cheaper to buy parmesan cheese already grated in a package or buy the block and use a grater myself?

Description : Is it cheaper to buy parmesan cheese already grated in a package or buy the block and use a grater myself?

Last Answer : It is cheaper to buy the block of parmesean cheese and use your own cheese grater, particularly if you are looking to use a lot of cheese. Many companies will charge extra by the ounce for pre- ... this cheese will not be as tasty either! Save yourself a few bucks and grate the cheese yourself.

My best friend's marriage is in two months. I'd like to make some peculiar present for her. Can someone advise me anything special?

Description : My best friend's marriage is in two months. I'd like to make some peculiar present for her. Can someone advise me anything special?

Last Answer : If you want to make a really creative present consider the idea of a custom made wedding albums. I'm sure enough your friend will appreciate it. I've already ordered some custom made photo books at ... trying to meet a specific timing deadline, please reach out to them at *Emails are not allowed*

I'd like to get more subscibers for a friend's YouTube Channel, what is the BEST way to do that?

Description : I'd like to get more subscibers for a friend's YouTube Channel, what is the BEST way to do that?

Last Answer : answer:It's really up to your friend, not you, to attract subscribers. It sounds to me as though you have done your part. You've watched and forwarded. Cross-promotion is your friend's ... a blog on website showcasing his/her art * Share blog posts and YouTube clips on Facebook and Twitter

Illegal to use friend's DEP ID?

Description : Illegal to use friend's DEP ID?

Last Answer : If you get caught, you can get in trouble for it and your friend can get in a lot of trouble with his command for giving it to you.

What I'd it called when an elected official gives good jobs to his or her friends?

Description : What I'd it called when an elected official gives good jobs to his or her friends?

Last Answer : It is called nepotism.

Can I get a little help here? Or is it to figured out by myself?

Description : Can I get a little help here? Or is it to figured out by myself?

Last Answer : answer:When you speak of languages it's not clear what languages you mean: English, Chinese, French, Spanish, German, etc.? Or do you mean coding languages such as C, Java, COBOL, and others? ... in both your thought process and then your language to tell us clearly This is where I need help.

I'd like to plant a few herbs in a 12"x12"x12" pot.How many plants can I fit in here without overcrowding?

Description : I'd like to plant a few herbs in a 12"x12"x12" pot.How many plants can I fit in here without overcrowding?

Last Answer : About the distances i know nothing (i would suggest though to give them all some space that seems logical), but with planting oregano it is best to not push the seeds under/ don’t cover them with ground(?) because they need air to spring. After they have sprung you replace them in their own pots.

Anyone from or have lived in, Germany? I have an exchange student here & I'd like to tell him a joke in German that he will find funny.

Description : Anyone from or have lived in, Germany? I have an exchange student here & I'd like to tell him a joke in German that he will find funny.

Last Answer : answer:Addition—I asked what his favorite movies are, he told me 3 of them.. they are… 1. Der Schuh des Manitu 2. Der Wixxer 3. Neues Vom Wixxer Hope that helps give you an idea of what he likes. He said they are comedy. I plan to watch them later, so I don’t know what they are like.

Product reviews and recommendations (or UN-recommendations)! I'm checking out consumer reports, review sites, etc but thought I'd ask for some personal opinions on some things I'm looking to get.

Description : Product reviews and recommendations (or UN-recommendations)! I'm checking out consumer reports, review sites, etc but thought I'd ask for some personal opinions on some things I'm looking to get.

Last Answer : Amazon

Will budgeting help me to get out of debt?

Description : Will budgeting help me to get out of debt?

Last Answer : Absolutely budgeting will definitely assist in helping you control and perhaps clear yourself of debt. It is alway wise to sit down and go through all of your finances and come up with an amount that will allow you to be able to spend as well as save.

What is a personal tax ID number and where can I find it?

Description : What is a personal tax ID number and where can I find it?

Last Answer : I would call to speak with a person who can assist you. Your personal tax ID number is your Social Security number and I would never give that out to anyone without knowing directy who the requester ... . Have you tried rebooting your computer? That often works for me when I run across login issues.

Can I email myself some photos from a friend's Picasa album? If so, how?

Description : Can I email myself some photos from a friend's Picasa album? If so, how?

Last Answer : Can you right-click and save the images or just drag & drop them to your Desktop?

What is the way to introduce myself and make friends when I am shy?

Description : What is the way to introduce myself and make friends when I am shy?

Last Answer : I am also quite shy and am not the type to go up to people and introduce myself. If you can't do it either, I suggest at least smile at people and make yourself look approachable. Make it obvious that you ... , not an anti-social asshole. I find if you can't go up to people, let them come to you.

Ok, so I want to see this movie and I found out one of my friends is going to see it with 2 of my other friends tomorrow. Would it be rude to inconspicuously invite myself? If so, how would I do that?

Description : Ok, so I want to see this movie and I found out one of my friends is going to see it with 2 of my other friends tomorrow. Would it be rude to inconspicuously invite myself? If so, how would I do that?

Last Answer : why don’t you mention to her that you were going to go see the movie yourself and suggest that you all go together? I don’t see why that would be rude or cause any akwardness.

What is Tax id northern Virginia community college?

Description : What is Tax id northern Virginia community college?

Last Answer : What is the answer ?

What is Santa Monica college federal id number for 1098T form filing?

Description : What is Santa Monica college federal id number for 1098T form filing?

Last Answer : You need to call the college.

What can students use their college ID to receive discounts on all of the following except?

Description : What can students use their college ID to receive discounts on all of the following except?

Last Answer : Tuition

What type of pricing objective might an organisation set if it was already in a favourable financial position and desired nothing more? A)Return on investment B)Cash flow C)Profit D)Status quo E)Survival

Description : What type of pricing objective might an organisation set if it was already in a favourable financial position and desired nothing more? A)Return on investment B)Cash flow C)Profit D)Status quo E)Survival

Last Answer : D)Status quo

Canadian here; is there a way that I'd be able to listen to stuff on Pandora?

Description : Canadian here; is there a way that I'd be able to listen to stuff on Pandora?

Last Answer : Yup, it’s easy. You usually just have to connect to Pandora via a proxy. The software you use to do this depends on your operating system. Do you have a Mac or a PC?

I mistakenly opened two IDs here ? I I have opened two IDs before. Please don't block my ID.

Description : I mistakenly opened two IDs here ? I I have opened two IDs before. Please don't block my ID.

Last Answer : answer:

Can you vote for your own ID by opening multiple IDs here ? I want the administrator's opinion

Description : Can you vote for your own ID by opening multiple IDs here ? I want the administrator's opinion

Last Answer : No. It is against the policy to do so. Because voting is for others , those who have benefited after your answer will vote. You cannot vote for your own answer. However, in different ways.