• Begins to build and feed your emergency fund . Define how you want to be saved and available for any eventuality and take the first step. No matter if the initial contribution seems insignificant, what matters is doing it.
• Blíndate. It is no use to accumulate and build if your assets are at risk. Protect your assets. Do not invest in products that do not understand, because you can be the victim of some kind of scam. Hire the necessary insurance to your estate should be protected against random events.
• Be proactive. Find out your options for managing your money more efficiently. If you want to save , evaluate your options. Traditional savings accounts are not the only (and in many cases not the best) way to save. There are ways to reduce debt interest payments.
• The key is to get the necessary information to make better decisions and not let our heritage run their own fate.
  There is nothing wrong with dreaming and wanting the best for ourselves. But not enough. It is necessary to implement concrete actions to ensure that we will succeed. The result will be a better 2011 and a much better future.

By passing the natural euphoria of last week of December and the new year, life begins to return to normal. Gradually we all go back to our daily activities, but with the feeling that things will be better this year, as often happens on these dates. The problem is when time passes and we realize that we did nothing to ensure that things improve.
One aspect where we most hope is in improving our financial situation. We want the future bring more income or some kind of solution to our financial problems, without thinking that in reality it is something that will get as a result of ordering our personal finances . Therefore, I think we’d better use of our energy defining some concrete actions for 2011, instead of waiting for the improvements we fall from the sky. We will not see immediate results, but the consequences are likely to be better than we might expect.
To follow the pattern of New Year’s resolutions, usually into fashion at this time, I share with you some strategies that could help them take those first steps:
1. Take control of your finances. Do not let the target run them. Sit down, review your situation and devote a couple of hours a month to see how you evolve.
2. Prepare your financial plan. It’s easy and useful. But this is revealing and inspiring. Plan your personal budget and Riget for him.
3. Set financial goals clear and specific. Want to save 10% of your monthly income? Want to put S/.100 month in a savings account? Want to buy a car? No matter the lens or the size of it, what matters is to have clear and in writing. That will be a constant motivator and help you focus and realize your efforts.
4. Try to eliminate or minimize all your toxic debt. Evaluate what debts worth having and what debts should disappear much sooner. Make your plan of action and get to work.
5. Evaluate your chances of generating more revenue. Do you have availability to be involved in a second job or to make a second part-time work? Can you sell products of any company in your spare time? Do you keep things you do not need and which you could undo? It is difficult to get a second or third source of income, it is difficult to take action.

Some important guidelines for success in the creation of the Emergency:
1. Is essential to define the amount to accumulate. Setting a goal allows us to focus and strive to achieve. This objective will be very personal and, although usually suggests accumulate the equivalent of 3 or 6 months of expenses, any amount is invalid.
2. This fund comes before any other savings or investment. Our initial efforts should aim to build meeting this objective.
3. Separately and save it in an accessible place … but not quite. The key is access to this money at any time, but not having it as part of a savings account with which we operate. A good option is to open an account at a bank other than the one normally used. Others prefer to have it in cash.
4. This fund is untouchable, except in emergencies. Should not subsidize any month in which we spend more than budgeted and used to reduce debt or other purpose.
The Emergency Fund has its own purpose and serves as a tool to give us financial peace of mind to an unexpected event. Visit your financial independence, start creating your emergency fund!

There is a term widely used in personal finance in English that I generate enough curiosity. This is the concept of frugality.
For our language, this term points directly to the food and means that it is easier and more plentiful, according to Wordreference . However, I want to concentrate on the definition used in English, according to Wikipedia : the practice of buying goods and services in a restrained and efficiently use those assets acquired and to fulfill a long-term goal.
That is, spend a conscience and not squander.
Today’s world leads us to be the opposite of frugal. We all want it now and do not care if we can not afford … that’s what the credit card. We are constantly stimulated by new technology, new models of phones, new clothing lines, endless choices of restaurants, nightclubs, bars, travel and much more. In short, anything that encourages us to spend more than we earn and not look back to decisions that made ??us into debt .
However, once we have decided to get rid of all the vicious circle of compulsive shopping and decided to take control of our finances , this all changes. We increased awareness and clarity about how we spend our money and what we get in the medium and long term with it.
Opting for the frugality is an excellent option for those who do not want to wait for them to increase the salary three times to “start saving.” Time is money and the longer we wait to begin the process of accumulation, receive fewer benefits from the interest we receive.
Opting for the frugality allowed me to evaluate my spending patterns and make decisions regarding them. Spending more than you thought (or would accept if he knew) on things that did not contribute anything and I had to meet any personal purpose. And worse, it was not enough to spend on certain things that I wanted, which – Nature – I got frustrated. Being frugal, to me, meant to change that pattern. Today I spend my money in a much more efficient … and of course, spending less than they earn and let me save for my future.
Being frugal is not to be boring … is being smart. It is one of the best ways to find those things that really satisfy us and concentrate on spending on them, instead of a thousand leaks financial where our money is leaking. It also has the added benefit of computer and allow live on less than we earn, generating capacity savings and investment to meet longer-term objectives .
Have you ever heard the term before? Do you apply the frugality as part of your life? Share with us your experience and opinions.

Getting a payday loan can be a very dangerous thing. These companies prey on poor people who are notorious for being late and irresponsible with their money. I would bet you that majority of the people who borrow from these lenders end up in worse debt than were before they went it. I don’t know who is more to blame, themselves for being irresponsible or the loan companies for being so stupid as to lend money to someone who most likely can’t afford it.

My brother is a victim of these payday loan people. He went in to the store a few months ago to get a cash advance and he got it, no problem. The guy barely makes enough money to survive, he has no car, no credit cards, and really bad credit, and these people gave him a loaner. If he is in your store asking for an advance on his miniscule paycheck, how the heck do you think he is going to be able to pay that back to you in full when his next miniscule check comes in? Sure enough, when his first payment is done, he comes running to me for help (you see why I get so upset).

Now I am involved! He shows me this bill and I almost lost my mind!!! The poor guy is paying like 500% interest on this loan! Now obviously he has to pay this back, but it just makes me nauseous to think that this is acceptable. How can we let this happen? I have a feeling that most people who borrow money from payday loan companies have absolutely no intention of paying them back. I think I know this because my lame brother does it all the time, this will be the third time I pay it for him, and I’m pretty sure it will be the last time.

After this one I don’t even care if he gets himself in over his head, not my problem. In the mean time I thought I would come here and just let others know to be weary of these companies. I am sure that if you are a responsible person with a sensible income that you might be able to afford this, but if you are falling behind on everything and are resorting to cash advances, you may want to ask yourself if that is the best option for you. I keep telling my brother that if needs money he come to me to borrow, because after paying all that interest I could afford to give him more money than the loan he is borrowing.

I have kindly informed my brother to not come to me anymore to pay off his bills. I obviously can’t help a man who isn’t willing to help himself. I would just like to let others know not to get themselves into this kind of debt; it can be very damaging to your life. If you think you can handle it and it is a onetime thing than it might not be so bad, but remember to pay your bills on time. That’s all I can say.