A Personal Finance Guide

Financial Resources – Develop Good Money Habits to Prevent Personal Financial Crisis

With all the awesome budget planners and financial programs around, you’d think people could manage their money. Probably not.

Personal loans are practically a common term in most homes these days. People have several “personal loans” that have to be paid back FAST. They might need another “personal loan”.

There’s got to be a better way!

What ever happened to good money habits? When I started earning money, I was about three years old and I worked hard to pick up toys and put them away in baskets. Mom gave me twenty-five cents in nickels. She showed me where my piggy bank was and I put those nickels in the pig. When I had enough nickels, we’d sit at the table and wrap them, then make a trip to the bank to put those nickels in the savings account.

Sometimes she allowed me to keep a few nickels out and we’d stop at the ice cream shop for an ice cream cone. I’d saved my money and she let me have a reward. I learned that it was a good habit to save money.

When I started looking for a car, because I was soon going to be sixteen, there was money in the bank. I’ve always had savings, and each pay day, I invest my money into my savings account. Good money habits will help prevent personal financial crisis, because if you have savings, you don’t have a crisis. You just have an expense.

Develop a habit of saving money, every payday. Maybe just a little (I recommend at least 10% of your paycheck) every paycheck until you have a nice firm emergency fund, then you can start investing for retirement.

Ken Bryce tells you how it is financially with a FREE copy of Introduction to Money Online at http://plusfindyourdream.com/FREE when you click the link.

2009 – Ken Bryce All rights reserved.