Lemonade stands are a great American tradition, one that teaches kids a number of “life lessons” about the value of work, money, and life. Across the country, businesses are helping kids promote their lemonade stand “ventures,” no matter how big or small their “operation” may be. This article provides valuable tips and insights into a program from International Delight Iced Coffee to help teach kids not just about how to make a profit from their stand, but how to diversify their product line and stand out from their neighborhood competitors.
If you want to achieve true financial freedom, don’t wait to win the lottery, get busy, make the changes you need to take the actions listed above. Create an emergency fund, pay off credit cards, build a five to six month money reserve, maximize retirement savings, and create a plan for college and then finally invest for the long term in mutual funds. You now have a solid plan to get out of debt, build wealth and reach financial freedom. Everyone has different personal and financial situations and goals. But if you are able to use this as your guide you will meet your financial goals.
Saving and investing are essential to financial security. If you are spending all your income (or worse, spending more than you make by running up debt) and never have money to put away, you’ll need to find ways to reduce your expenses or make additional money. This requires making some tough choices such as cutting back on dining out or foregoing nice-to-have extras.
To free up money for saving and investing, it’s sometimes helpful to segment current and planned expenses into those that are essential (needs) and those that are non-essential (wants). Budgeting your money can be the path toward financial security.
The birth of a baby is a joyous occasion. Yet, it also is a life event that should prompt you to take certain legal and business actions on behalf of you and your family. This article provides helpful tips from FindLaw.com that every new parent should consider.
How many of you by lottery tickets and actually dream about what you would do if you actually won the lottery? I do sometimes, think about it, dream, imagine what it would be like to have a lot of money and not have to wonder where my next meal is coming from. I’ve even gone so far as to write down what I would do if such a dream came true. In the meantime I work and make do and enjoy and appreciate the blessings I do have; but just imagine…
Energy bills make-up a large part of every family’s budget. This article has three tips you can use to slash your home electric bill.
An emergency fund is a primary step in organizing and being in control of your money. It’s your cushion if an emergency occurs that completely blows through your regular income: job loss, natural disaster, major car accident, etc. This article goes through the process of how to set up and maintain your personal emergency fund.
Tricks and ideas on how to make your wallet fatter and healthier.
Increase your savings!
Do you have a financial plan for retirement? How much savings will it take for you to retire comfortably? People have different ideas about a financially secure future. Not many Americans are confident they will live comfortably after retirement.