Education Loan Forms (forbearance etc)

7 09 2012

A great resource for Student Loan Forms found here.

Organize your Finances with Printable Templates

5 03 2012

What a great website I stumbled upon!  Printable Paper has a huge variety of templates – check registers, lined paper, grade book charts, calendars, budgets (daily, weekly, monthly and yearly), etc.

These templates are perfect for organizing your finances and life!  I believe when your life is organized you can accomplish more tasks.  When your financial files are organized you are more likely to take note of your actual financial situation.  If your files are cluttered or disorganized you tend to put things on the ‘back-burner’ – such as opening credit card statements or filing important paperwork (taxes, paystubs, etc.).

Want to hear another great thing about these printables?  You can teach your children about personal finance using the check register or budget templates!  Teens starting out fresh in the workforce should have a checking account to pay bills and a savings account to deposit and save their income.  The check register is a great resource for helping them figure out how to balance their checkbook and the budget sheet for how to manage their income.

*We were not paid to mention this website.  These are my own personal opinions.*

What Would You Do? You Found a Lost Credit Card

28 02 2012

What would you do if you found a credit card on the ground?  Would you pick it up or walk right past it?  Maybe you would pick it up and hand it to a store clerk (if found in a store).

Fast forward and you chose to pick up the card and you didn’t have an authoritative figure to hand it over to.  Scared?  No worries – safeguard the card until you have access to a telephone.  Dial the card’s customer service number (located on the reverse side of the card) and inform them you have found a credit card.  The customer service representative will place a note in the account indicating the card was lost and found.  This is a blessing to the person whom lost the card especially if they have not discovered the card is lost!  This will save the cardholder potential money from unauthorized purchases because you had called the card in as lost and found!  You are trustworthy because you chose to make that call.

Now, imagine if that same card got into the wrong hands?  Scared?  Big worries – someone can potentially use the card fraudulently.  It is the cardholder’s responsibility to call in lost credit cards within 48 hours to reduce their liability of owing money on non-authorized purchases.  Normally, the cardholder is responsible and liable for only the first $50 of fraudulent purchases.  Most homeowner’s and renter’s insurance policies cover your liability for theft of both debit and credit cards as well.

Lastly, protect what’s in your wallet.  Write down the contents of your wallet and safeguard that list – usually in a safe deposit box or safe at home.  This way if your wallet is lost or stolen you reduce the feverish attempts of trying to remember what your wallet housed.

Follow these tips for calling in a lost card and always remember to keep your eyes on your personal property!

Organize your Bank Accounts

6 02 2012

We are sticklers for putting things where they belong.  Our home belongings are completely organized from top to bottom.  Computer items are stashed away in the computer desk, kitchen items stay in the kitchen and so forth.  In addition to our household belongings staying organized, our financial house is in order as well.

What does this mean you ask?  What financial house?  We’re talking about how you store, save and spend your money.

How to Store

  • Nicknames and Multiple Accounts.  If you bank online you have the ability to add nicknames to your accounts.  You may nickname your checking account “Bills”.  Multiple accounts work the same way – if home ownership is in your future, you may want to open a separate account called “Home or Down Payment”.  There is a wide array of nicknames that people create – some include: emergency fund, home maintenance, baby fund, college fund, new car fund, etc.

  • Write it Down.  Written budgets/spending plans make it easy to see your accounts.  We suggest you keep a running list of bank accounts in a safe place at home to keep stock of their whereabouts.

  • Separate Accounts.  For those wanting to consolidate accounts, there’s a way to sub-categorize accounts on paper.  For example, you have one savings account but you are wanting to purchase furniture in the near future so extra cash goes into the one savings account you have.  What you can do is write down on paper the amounts of money you are adding to the savings account which are to be allocated for furniture.  Tally up the total and when it comes time to make your purchase, withdraw that total from your savings account.

How to Save and Spend

  • Set Goals for Extra Cash.  One way we organize our home is to set goals upfront.  Whenever we come into extra cash (i.e., gifts, bonus), we commit to having a plan for that money whether that be saving or spending.  Normally folks add this extra money to their Roth IRAs (if you are working), make an extra payment to their credit card or save for future spending.  No matter which road you take, decide how and when you will save or spend your new-found money.

  • Track Your Cash Flow.  Keeping tally of your accounts will inspire you to continuously keep your accounts organized.

Start  now to organize your financial house.  List the accounts you have and their purpose.  If you bank online, creating nicknames is a sure way to keep your accounts organized!

Microsoft Excel’s Amortization Chart plus other Templates

30 01 2012

Did you know?  Microsoft Excel has a loan amortization chart template, as well as other financial worksheets.  To access these templates, open Excel, at the bottom of the screen where it says “sheet”, right-click, chose insert, then click the tab titled “spreadsheet solutions”.  There you choose which financial form you want to create!  It’s that easy.

These forms are no doubt a great way to begin tracking your finances.  We suggest giving it a try for two months.  They are great because you can store them on your computer and print when needed.

Going Extreme in Simplifying Your Finances Brings Extreme Results [Forbes]

17 01 2012


Financial Experts will agree that organization is key when running your financial household.  When individuals keep neatly organized files they are more likely to save important financial documents.  The result:  documents are easier to locate and proper documents get filed. 

The same holds true when balancing your checkbook.  The lack of proper recording is dangerous – checking accounts can overdraft if totals are not accurate, leaving the customer with fees to pay.

Less may be more in the scheme of financial planning

Consolidate retirement accounts into one brokerage house, holding fewer credit cards and storing important documents in one area of your home are all ways to achieve a financial minimalist lifestyle.

52 Weeks to an Organized Home Challenge

3 01 2012

Looking to declutter your home and life this 2012?  Take the 52 week challenge!  One week at a time will help you accomplish the task of organization!

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