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Emerson Publications
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Family First I hope all of you dads out there had a wonderful Father's Day. We gathered as a family on Saturday night so we could leave Sunday available for our son and son-in-law to spend the day with their wives and children. It worked for all of us. We enjoyed a peaceful day at home and that's pretty rare around here! June has been a busy month and I can hardly believe that we're more than half way through it. The news is filled with not much more than the presidential race and how lousy the economy is. I hope you're filling your time with something more positive. While I usually include my own article here, this week I wanted to share one written by my good friend, Terry Rigg. Prioritizing is so important when you're preparing and planning for your future. It's unfortunate that now on the list of things to worry about is being able to pay for the gas you need to get you to work? What are you doing to make 2008 great? Joyce P.S. The e-package I was telling you about last time is still available - How to Accomplish More in One Day than Most People Accomplish in a Week! The lady who wrote this package is truly the most dynamic yet unstressed person I have ever met. Six kids and several businesses. She's amazing! Check it out at http://emerson98.pwgroup.hop.clickbank.net
Gas prices keeping you at home?
Setting Your Financial Priorities Whether you know it or not, you are always setting your financial priorities. Some may decide that a new stereo system is more important than this month's electric bill. This may be a little off the wall but it is still setting your priorities. Anyone wanting to better manage their money would be wise to determine what their financial priorities are and stick to them. Of course, if you see that these priorities will not put food on the table and pay your bills then you will have to rethink your priorities. Setting your priorities is simple. You just decide what is the most important aspect of your finances and put that item on top. However, if you decide on that stereo over your electric bill, you may find yourself in the dark with no need for a stereo. There are basic priorities that pertain to everyone. These are simply a matter of survival. Here is a list of the basics: Water That was a tough one. What does it take to ensure that our basic needs are met? The main ingredient is a source of income to pay the rent or house payment, pay the utilities, and buy the groceries. This is where you start setting your priorities. Before you can spend another penny, you have to take care of what you need to survive. Don't put off the rent or house payment, utilities and don't skimp on your groceries and necessary health items. If you do, you will start experiencing money problems much sooner than you would if you had delayed paying other bills instead. What's next? If your source of income happens to come from a job, then I would say your transportation. You have to get back and forth to work so you can afford all of the other stuff. This would include your vehicle payment, gas, insurance and maintenance. If your source of income is not a job then go to the next step. And Now? Naturally, this would be your other bills. You can even split this category a little further. First, you have your bills that are secured by property. You should always pay these bills first. Secondly, your unsecured bills which are probably credit cards. The reason you should always pay your secured bills first is that it is much more likely that they can take the secured property and probably will unless payment is made. While credit cards companies are notorious for their threats, they very seldom follow through. I'm not saying not to pay them, just that they aren't as high a priority as your secured bills. Next would be your savings. I really to hate to list savings as your last priority because having a savings can prevent the use of those dreaded credit cards and help in so many ways. If you have the money to cover all of your other priorities then you should always put savings at the top of the list. However, if you don't have enough money to cover your bills and expenses then your savings will have to be the first to go. Just to recap. The below list is an example of what your financial priorities should look like: 1. Groceries and Necessary Health Items Let's hope that you never get in the position to have to decide which of the above list will have to wait. But if you do, following the above priorities is absolutely necessary to ensure your survival. Terry Rigg is the author of Living Within Your Means - The Easy Way and editor of the Budget Stretcher web site. To Subscribe to The FREE Budget Stretcher Newsletter and receive The Complete Budget and Bill Organizer absolutely free just visit his home page at http://www.homemoneyhelp.com
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