Personal finance information and tricks, get out of debt help and info

 Updated information on June 29, 2023

 Via social media posts by one of my friends:

10 FINANCE RULES FOR YOUR CHILDREN

1. Teach them that money is earned.

2. Show them that it can be multiplied.

3. Make sure they always have savings.

4. Ask them to administer an amount per week or fortnightly.

5. Let them make mistakes and encourage him to improve.

6. Help them distinguish between luxuries and priorities.

7. Tell them how to save money when they goes out.

8. Guide them when, how and with whom they should negotiate.

9. Teach them the middle ground between humility and greed.

10. Tell them that they can have whatever they want as long as they work hard to earn it.

And finally, always talk to them about the things that money can't buy...

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 https://www.fidelity.com/go/money-management-international 

Start tackling your debt with a free credit counseling session

If getting out from under debt feels like a no-win situation, you're not alone. The first step may be as simple as talking to someone about your options. Maybe you just need a new approach. One option to consider is Money Management International (MMI), a nonprofit organization that helps people like you repay debt, balance their budget, and find financial peace of mind.

MMI offers free one-on-one credit counseling plus a personalized plan of action with next steps to help you take control of your finances. One outcome of your action plan may be a debt management plan.

Let MMI help you pay down your debt easier

With MMI's support, consumers have saved an average of about $12,000 in interest during the course of repayment with a debt management plan.¹ Services and benefits include:

• Free credit counseling sessions: Expert analysis and advice for your personal financial situation if you’re struggling with credit card debt or managing your spending.
• Personalized action plan: MMI works with you to create a plan designed to fit your budget and situation.
• A simplified plan to pay off debt: If needed, as part of your action plan, MMI can create a debt management plan for you that lets you make one consolidated payment each month with reduced interest rates so you can pay off your debt sooner.
• Special discount for Fidelity customers: If you decide you need a debt management plan, Fidelity customers get 60% off the setup costs—which can be as low as $30 for initial costs.

Confidential and empathetic counseling

MMI believes in providing empathetic and confidential counseling expertise. No matter what challenges you're facing, MMI can help. Getting started with a free counseling session is easy.

https://www.moneymanagement.org/ 

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 Instagram: gives stock tips:

https://www.instagram.com/enlighteningprofit/

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My Financial Spreadsheet: 5 Metrics to Track for Financial Independence

Rather than relying on others to create tools to track your finances – create your own! Here’s a look at what I track in my financial spreadsheet that’s been the most useful.

Written by Adam on March 21, 2021.
14 min read. Blog, Financial Independence, Investing, Personal. 24 comments. Minafi's finances are an open book. Find out how I make money.

Creating your own system to track progress towards financial independence is a rite of passage. If you want to understand how to get there, there’s no better way than understanding your own spending and investment habits over time.

There are a bunch of services that can do this for you – The Mad Fientist has a website for tracking your progress to FI. Mint and Personal Capital both connect to your bank account to pull in your spending and investments. For many, this will be enough. But if you want to fully understand your finances, the only way is to do it yourself.

 

The above website has great tips and tricks and guides for financial independence.