Five Personal Finance Steps for Beginners

Feb 28, 2008 10:02

Some people were vaguely interested in my last personal finance post, which gives me an excuse to write about it again! You are enablers ( Read more... )

personal finance

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melissa17 February 28 2008, 15:24:32 UTC
Thank you SO much, Megan! This info is all very good and something I need to start on. I have a question though: I have a few outstanding bills (totaling around $750) that I will be paying with my next few check cycles. Should I wait to "pay myself first" until after I've taken care of this?

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bishojo17 February 29 2008, 01:06:22 UTC
Ooh, my first ever PF-related question! :D

I'd say start paying yourself right away, if only a small amount. Even putting away $20-50 per paycheck will help you start building an emergency fund and let you get into the habit. Once your bills are paid, then you can readjust how much you put into savings. You might find that you can live without whatever money you are putting toward your bills and put the same amount toward savings when the bills are paid.

Hope that help!

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puppy_ciao February 28 2008, 15:46:08 UTC
I also love personal finance! :) Suze Orman is my favorite guru.

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bishojo17 February 28 2008, 23:08:00 UTC
I've watched her show a couple of times. I like the part when she tells people they can't buy things!

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puppy_ciao February 28 2008, 23:20:31 UTC
Haha, me too. It's even better when she tells people to get divorced b/c their partner has a bad FICO score. :-P She has said several times: FICO first, then sex.

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draconisaqueous February 28 2008, 19:46:16 UTC
This is all fantastical info!

You are my financial guru!! But I have no financial guru icons, or icons that show me bowing to you, so instead I shall drink to you. It's totally the same thing.

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bishojo17 February 29 2008, 01:08:38 UTC
Yay, I'm glad you approve! But you totally need a bowing to me icon... for all those times when you will need to bow to me! ;P

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