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Personal Finance

Learn About Financial Literacy

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Financial Literacy

Want less stress? More happiness? Learn how to manage your finances! How do you make a budget? What’s an index fund? Why is compound interest so powerful? What is the time value of money? Why should you start saving now? What should credit be used for? (Hint – not pizza!) Do you ever want to buy a house? A car? Money and finances. It seems so complicated. But it’s really not. Discover the answers to these questions and more. Learn the basics of Financial Literacy and how to manage your money…whatever there is of it!

Subject Areas:

■ Business / Family & Consumer Science

■ Economics

■ Mathematics Topics:

■ Banking

■ Budgeting

■ Compound Interest

■ Financial Literacy

■ Investments

■ Money Management

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Personal Finance

Make Your Money Make Money Turning 1 into $10

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Personal Finance

When it Comes to Money Are Your Friends and Family a Threat?

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Are Your Friends and Family a Threat to Your Finances?
We love our friends and family, but some of them can be a hazard to our financial health. Have you ever taken the time to consider the impact these people have on your finances? It’s possible you might not have noticed the negative impact the people in your life are having on your wallet.

You might need to have some tough conversations or use your wits to deal with these assaults on your budding wealth. But no one ever said becoming wealthy was easy!

Be on the lookout for these folks:

The struggling businessman or woman. This person is full of great ideas that seem worthy of a small investment. Unfortunately, having great ideas and executing them are different skills. Avoid investing money that you’re unlikely to see again.

Solution: Let the future Donald Trump know that you’re uncomfortable investing in a business that isn’t even off the ground yet.

The partier. The partier barely needs an excuse to celebrate. Cleaning out the closet is a good enough reason to head out on the town and drag you along for the ride.
Solution: Show up for the celebration, but keep your expenditure limited to a soft drink. Most places will provide free refills. Another alternative is to say, “Thanks, but no thanks.”

The charity case. This person is constantly collecting money for worthy causes. He’s climbing Mount Everest to save the antelope and needs $1 for every vertical foot of ascent.

Solution: If you don’t have money for the cause, assist with your time or let them know that you can’t contribute to every cause. Support charities that are close to your own heart and decline the rest.

The fancy gift giver. Most of us exchange presents of moderate value with our friends and family. This person goes overboard and spends way too much money. By way of guilt, you’re forced to reciprocate and blow your gift-giving budget.

Solution: Suggest a dollar amount limit or let them know you’re uncomfortable with such extravagant gifts.

The encourager. Have you ever been torn between the option of spending a lot of money on an item and keeping the money in your bank account? The encourager always seems to talk you into buying that item you want, but don’t need. All the while, they think they’re doing you a big favor.
Solution: Keep your shopping dilemmas to yourself.

The wealthy friend. Your budget might call for a movie rental and a frozen pizza, but the wealthy friend doesn’t want any part of frugality. She likes to go to the expensive wine bar and eat the fancy sushi that runs $200 per pound. It’s embarrassing to say “no” all the time.

Solution: Be honest and let your friend know her tastes are simply out of your budget.

The moocher. This person eats the food out of your refrigerator, borrows your tools and never brings them back, and always needs $5 for a variety of reasons.

Solution: Just say no.

The key to dealing with all of these people is communication. In every instance, you can choose to let the person know that you either don’t have the money to spend or that you’d prefer to keep your money in your bank account. The conversation might be awkward, but the awkwardness is over quickly.

Avoid allowing your friends and family to drag down your finances. Stick up for yourself and be back in charge of your money.

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Personal Finance

25 Ways to Reduce Your Expenses

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At CCI we strive to provide a powerful platform that empowers our members one aspect is making passive income by sharing our membership program. Another way we help even in covering the investment would be to share ways to lower expenses after all a penny saved is a penny earned.

Below is 25 easy ways you can save the cost of the membership making it FREE yet still as powerful.

Avoid buying anything you don’t really need.

Set the thermostat warmer in summer and cooler in winter.

Wash your car at home.

Buy non-perishables in bulk.

Make your own coffee at home.

Eat breakfast at home.

Carpool

Buy generic brands.

Pay bills online. Stamps get expensive after a while.

Use mass transportation.

Plan meals before you go shopping.

Use coupons.

Make gifts and cards instead of buying them.

Don’t be afraid to haggle over prices.

Seal your windows and doors to cut down on utility bills.

Use flourescent bulbs.

Use the library instead of buying books and renting movies.

Go to the park instead of the movies.

Turn down your hot water heater.

Get a cheaper cellphone plan.

Get a cheaper cable plan.

Vacation close to home. (Stay-cation)

Camp instead of paying for a hotel room.

Ride your bike.

Inflate your tires to the proper pressure to cut down on gasoline.

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