The Art of Bad Money Management?

By:Lorna Mclaren

We all want to be able to be in control of our finances but we often make mistakes without realizing it.

If you are concerned that you are using bad money management then you should always seek advice from a financial professional.

Here are some of the most common bad money management errors:

Not paying your bills on time. Dont wait till the final demand. Get the bills out the way first.

Keeping high rate credit cards. There are so many opportunities for really low rate credit cards that regular shopping around makes sense.

Neglecting to put aside emergency funds. When that emergency comes up, and it will you do want to have to borrow or to use your credit card.

Leaving preparing a will until it is too late. This is something that should be part and parcel of home buying or becoming a parent.

Not reading your bank statement carefully.Banks do sometimes make mistakes and if a check comes of twice in error dont you want your money back?

Neglecting to contribute to a retirement account. Not doing this can be foolish. After all your years of hard work you should be able to do what you want without worrying too much.

Not checking your credit report annually for accuracy. Again mistakes are sometimes made and why should you suffer because your credit report contains something that someone else failed to pay?

Only paying the minimum monthly payment on your credit cards.Even a small amount extra can bring the interest that you are paying down.

Buying the first insurance you come across without shopping around. You may miss the ideal cover at the ideal payment if you dont.

Failing to adjust your W-4 annually to make sure you are not paying too much.

If you address the above issues wherever possible then you will no longer be guilty of bad money management and you may be pleasantly surprised how much better off you are financially in the long term.

Digg del.icio.us Blink Stumble Spurl Reddit Netscape Furl

Article keywords: bad money management

Article Source: http://www.articles2k.com

Lorna Mclaren has an information and resources website at www.123-debt-consolidation-loans.com where you can find out about all types of Debt Consolidation.

Top Consumer Articles
1). Phone Cards for International Calls By : Bernard Pragides Useful tips to find the very best in long distance phone cards
2). Business Gift Giving Etiquette By : Gregg Hall In general gifts are given in business to promote goodwill and foster good relationships. They are also given to show appreciation. How do you know what is a proper gift?
3). Why should I consolidate my bills? By : Jon Butt So, why should I consolidate my bills? For starters, there are many different ways to proceed with bill consolidation and debt consolidation. In the grand scheme of things, all of us would be happy with a debt consolidation loan with excellent terms, but there are other ways
4). Buying Bedding for your Home By : James Hunt Buying bedding for your home is a purchase that you’ll likely be making at least once or twice a year. For the colder months you may want to buy duvet covers that are warmer and cozier than bed covers that you have during the summer...
5). Compare Prepaid Iran Calling Cards for Calls to Iran Persian Community By : Brian Hawkins Since the US and Europe Persian Community is growing, Iranians need to find ways to compare prepaid Iran calling cards to find the best deal for calls to Iran.
6). Features and Benefits of DLP TVs By : JOHN DULANEY Even today, Texas Instruments remains the primary manufacturer of this technology. Many different manufacturers license the technology from Texas Instruments, and build their products around the TI chipset. In addition to its use in televisions and projectors, DLP technology is used in a number of specialized applications such as lithography and imaging.
7). Fun With Digital Voice Recorders By : Shawn Davis Do you need to have a recording of your telephone conversations for legal, covert or even training purposes? There are many types of digital voice recorders available. Once such recorder has a five hour recording capacity and features a caller ID, which records two way conversations with ease. It also features automatic recording that works only when the telephone is in use.
8). Consumer Electronics Items By : Henry De Guzman Introduction: The daily use of electronic equipments are known as consumer electronics and includes TV, telephone, DVD, CD, PC, laptop etc. These equipments are manufactured throughout the world. With the advancement in electronic engineering at a continuous pace, a number of new variety electronics items flood into the market every year and the cost the existing products reduces continuously and it is one of the biggest advantage of consumer electronics industry.
9). Show Off That Awesome Plasma TV with the Perfect Stand By : Nathan T. Lynch Plasma TVs are one of the hottest electronic items being sold today. They are somewhat of a financial investment so whether you’re planning on creating an entire home theatre system for your family or just want a nice way to show off your new TV, a plasma TV stand is an excellent idea. Here’s a few different types of TV stands and cabinets to assist you with your decision making.
10). Home Theater Construction That Really Sings By : William Matt When creating a home theater, it can help to heed some sound advice: Working with the right materials can do a lot to improve the overall acoustic integrity of the system. For example, medium density fiberboard (MDF) is widely used in the manufacture of furniture, cabinets, door parts, mouldings, millwork and laminate flooring. MDF is a composite panel product consisting of recycled wood fibers combined with a synthetic bonding system and joined together under heat and pressure.

New Consumer Articles
1). How To Find Quality Irish Gifts To Give A Touch Of Ireland By : Gregg Hall Whether you are shopping for an Irish relative or friend, or you wish to present a loved one with a token of your appreciation that hails from a different country, there are plenty of Irish gift ideas to consider.
2). How Personalized Address Stamps Can Help You Cut Down On Your Correspondence Time By : Gregg Hall What do you do when you wish to save a little bit of time when mailing out letters and packages? You might never think it, but a personalized address stamp may be just the handy tool you need to rush through the many correspondences you may have.
3). How TV Detectives Almost Made Me Become A Private Investigator By : Gregg Hall The old detective shows greatly differ from the new ones. The new ones are filled with graphic violence and plots that would have made my mother ban me from watching TV.
4). Make Your Shoes Last Longer By : Gregg Hall Everything is more expensive these days. I am only 44 years old and I can remember when gas was less than fifty cents a gallon, a nice house was thirty thousand and a great new car for less than ten thousand.
5). A Look At Some Of The Different Wrenches You Should Have In Your Toolbox By : Gregg Hall If you are in the market for a wrench there are many different things you need to consider. For a man this can be a fun shopping experience. You might be surprised to see how many different kinds of wrenches there are, especially if you look at a tool store, or in a tool catalog.
6). The Phone Card - It Will Save You Money By : Dean Caporella The phone card has been a tremendous boon for international travellers but did you know more and more people are discovering their cost effectiveness in making long distance calls within their own country.
7). Some Reasons Why You Should Consider Using Background Checks By : Gregg Hall Everyday, we come in contact with strangers, such as the person delivering office supplies to our places of business and the person who serves us at a restaurant. People want and need to know exactly who it is that they are dealing with.
8). How You Can Decide Whether You Should You Really Spend That Much on Sunglasses By : Gregg Hall You think about the technical and aesthetic differences. And then as you near the sunglasses store, you wonder if the $200 Serengeti pair really work better than the $10 pair you just tried on at the flea market.
9). Forget About All The New Toys On The Market Buy The Child On Your List A Rocking Horse By : Gregg Hall Enigmatic and nostalgic, the rocking horse can open magical doors for children and adults alike. Adults sit back, watching children play, and remember the special times they had on their own horse. Rocking horses will forever symbolize childhood and its fantastic memories.
10). The Samsung 42 Plasma -- Samsung HP-P4271 42in HDTV Ready Plasma Television By : John Lloyd The new fourth-generation Samsung 42 plasma is out, offering state-of-the-art high performance high-definition display and resolution. As opposed to the liquid crystal type display technology, plasmas create their stunningly life-like pictures through a complicated gas-based system. The plasma display idea has been around since 1964, but is only now coming into its own for practicality.