Julie Morrison, The Net Worth Maker Blog

Use direct deposit services and payroll deductions to automatically direct money to savings.

Establish a regular savings program – such as direct deposit or payroll deduction – to have a set dollar amount automatically transferred from your paycheck to the savings plan of your choice.

Have your mortgage and credit card payments made automatically from your checking account.

Save for a child’s college education with an automatic transfer into a special savings account.

Taking a few actions now may help you reach your long-term financial goals and enjoy the summer even more.

Use direct deposit services and payroll deductions to automatically direct money to savings.

Establish a regular savings program – such as direct deposit or payroll deduction – to have a set dollar amount automatically transferred from your paycheck to the savings plan of your choice.

Have your mortgage and credit card payments made automatically from your checking account.

Save for a child’s college education with an automatic transfer into a special savings account.

Taking a few actions now may help you reach your long-term financial goals and enjoy the summer even more.

Interest rates have become a highly visible issue with news items about rate changes almost everyday. Much of the press coverage concerns the Federal Reserve and its chairman. The Federal Open Market Committee (Fed) monitors the economy and makes changes to the key “overnight loan” rate that influence interest rates throughout the economy. By adjusting this rate, they try to keep inflation under control and stimulate the long-term economic growth. The Fed lowered this rate several times over the past few years to stimulate the economy and provide liquidity in the financial markets.
Interest rates also play a major role in our economy and in our daily lives, especially when it comes to borrowing.

It’s best to discuss how you will mingle your money before you actually tie the knot. Discuss your financial goals. Get copies of your credit reports and review them together. Decide whether you’ll keep separate credit cards, add your names to each other’s existing credit cards, or get new joint credit cards. Talk about how you’ll handle your checking account: separate or combined? and how you’ll save for your financial goals. These are money issues that have long-term consequences but are often overlooked in the rosy glow of romance before the wedding.

First – Let’s make sure you are ready to shed your old financial habits and replace them with new and improved habits.

Becoming financially fit will require you to break from our old thought processes in order to forge new habits and behaviors. You must have the courage and commitment to make these changes. You must be prepared to win the battle of the mind before you can move on to the battle of the checkbook.
Read and commit to the following statements showing your commitment to change your financial direction and become financially fit:
• I/We will evaluate my/our old thought processes and be prepared to make necessary adjustments in my/our thinking where appropriate.
• I/We will evaluate my/our existing financial habits and behaviors and be prepared to forge new habits and behaviors where appropriate.

Interest rates have become a highly visible issue with news items about rate changes almost everyday. Much of the press coverage concerns the Federal Reserve and its chairman. The Federal Open Market Committee (Fed) monitors the economy and makes changes to the key “overnight loan” rate that influence interest rates throughout the economy. By adjusting this rate, they try to keep inflation under control and stimulate the long-term economic growth. The Fed lowered this rate several times over the past few years to stimulate the economy and provide liquidity in the financial markets.
Interest rates also play a major role in our economy and in our daily lives, especially when it comes to borrowing.

A debt consolidation loan works as a debt management tool by consolidating all the debts of the borrower into a single loan. Debt consolidation loan provides opportunity to borrowers to repay debts quickly and become debt free.

A borrower can enjoy various benefits with a debt consolidation loan. This loan can help in reducing borrower’s monthly payments keeping them away from the pressure of handling number of lenders. Since the debtor is accountable to only one lender, it will be relatively easier to make payments now.

With so many loans to repay, you may by mistake forget to pay an installment on the loan. Did you know this might affect your credit report adversely? Yes it may be a bit surprising to you, but it is true. Debt consolidation loan can keep you away from this risk, by making you accountable to only one lender and one loan.

While financial fitness is not contingent on how much money you make, it is contingent on how you manage and spend that income.

For the majority of people, managing our spending and keeping our financial house in order is a constant challenge. We spend a great deal of time and energy worrying about running out of money, paying the bills, and increasing our debt load.
Many people have the desire and even the knowledge necessary to be financially fit; they just simply haven’t had the right tools to be able to accomplish it. In today’s world of financial excess and convenience, we have many methods by which we can access and spend money. We, however, have not had an easy way to track all this spending or a tool that helps us plan ahead. Unfortunately, without these tools, people have continued to overspend, increase their debt, and then move on to the next month – often without even realizing what they have done.
If you want to become financially fit, the first thing you need to do is stop overspending. This sounds simple, but for most, it’s anything but. The fact is, if you don’t have the right tools, including a spending plan, you will continue to struggle with overspending and debt accumulation.

Being financially fit is a realistic goal and one that everyone – regardless of income – can attain. Make the commitment to spend less than you make on a consistent basis and you too can reach increase your net worth.
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Anyone has the potential to make money fast and build wealth but you need to have a plan, a method and the will to succeed. You don’t need to work 60 hour weeks or be innovative either.

Listed below are a couple of pointers that you can include in your financial plan to simplify your wealth strategy.

1. Work Smarter - NOT Harder

If you want to make money you need to work smarter. This means, spotting an opportunity and using your own judgment in an area that offers you great potential gains.

2. Understand compound growth

Most people want to get rich overnight. While you can get rich quick, you need to build a base and learn how to get exponential growth through the power of compounding. The important point here is - Make your money work for you.

They recently ran a segment on 60 minutes about payday lenders that I think everyone should have to watch. I was blown away by how easy they loans were to get and the high interest rates they can charge consumers. Here’s some advice to anyone who is thinking about getting a loan at one of these places: DON’T DO IT!