Finance: Financial Readiness: Preparing for BRAC(Base Realignment And Closing)

Financial Readiness: Preparing for BRAC(Base Realignment And Closing)

Written by Leslie Linfield

Continued from page 1

Ideally you will have a rainy fund that will cover six months of living expenses. If not, don’t panic. Start putting a portion of your paycheck aside each month. Putting away a little money now will provide a financial cushion if you don’t find a new job right away.

The last piece of advice is start paying down your credit card debt. Getting rid of credit card payments will help your emergency fund go farther. It will also save you money on interest, money that you can add to that fund.

You will find forms on this website to help you complete a budget and net worth analysis as well as set financial goals, such as setting up an emergency fund.

It is never easy to find out you are losing a job. But you do have an advantage over repparttar worker who gets a pink slip on Monday and watches repparttar 144429 factory get boarded up on Friday. You have time. Use this time to get control of your finances so that you will be prepared. And in repparttar 144430 event that your base is spared, you will have significantly improved your financial picture.

Leslie Linfield is a national expert on adult financial literacy education and the consumer credit counseling industry. She has advised governmental, educational and non-profit organizations alike, and she has been quoted by the New York Times and Wall Street Journal as an expert on budgeting and consumer credit. She has also presented literally hundreds of seminars and lectures on personal financial management.

Take The Mystery Out Of Finances And Simplify Your Life

Written by Kathleen Sutera

Continued from page 1

There are different types of financing options as we mentioned earlier. Probably repparttar most common example of finance in repparttar 144355 United States is credit cards. A credit card allows you to make purchases with repparttar 144356 card. The bank issuing repparttar 144357 card will pay on your behalf and you then pay repparttar 144358 bank back, plus repparttar 144359 interest. The bank makes money off repparttar 144360 interest and you get what you want right away.

The same thing applies to pay-as-you-go or rental furniture companies. There are even rent-to-own housing services now where your monthly rent can go towards buying repparttar 144361 house if you want to stay. Financing should be a way to help you achieve something that you're going to be purchasing anyway. Financing can get you in your house quicker than saving up repparttar 144362 cash. Become knowledgable and financing can be a tool that will serve you well.

The author has discovered that what you do NOT know about your finances can hurt you. She has shared her knowledge and tips about finances with thousands of people and helped them to have a good relationship with money and financial matters

Kathleen Sutera is founder of All About Finance an excellent resource site dedicated to information on finance

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