This page is under construction as you can see. Give me some time and look back at autumn 2016 🙂
Is this article – what’s my debt?
Do you know, how big is your debt? It’s the most important question which sorts out a person who has high financial knowledge and who doesn’t. Below you will find how to get to know it.
Take home pay calculator – what is it?
Take home pay calculator is actually a take-home tax calculator which means, how much money do you bring home after taxes. It’s the main indicator, how much money do you have and what should you do to save more. It’s your starting point.
Should I use take home pay calculator?
Sometimes. You should know the stake, how much of your income goes from where. It gives you a good overview. There are good calculators available – for USA here and for UK here.
Keep in mind, sometimes the numbers don’t match.
There are many reasons why your real paycheck may not match the with the calculator result. Mostly, errors are related to incorrect number offederal or state allowances entered, or incorrectly entered deductions.
If you want to make smart Money spending decisions, then you should know, were your Money goes and how much of the Money you still have.
What’s personal balance sheet?
Calculating your personal net worth is the best way to know your starting point, in any financial plan you develop. A balance sheet calculates your net worth by comparing your financial assets with your financial liabilities (what you owe). Don’t be discouraged if your net worth is negative—keep in mind that this should be an accurate depiction of your financial situation. The difference between the two is your personal net worth.
Setting goals is much easier once you know what your current net worth is.
Before you get started, pull together all of the information that you have. Maybe you need to take short homework also. You’ll need your fresh bank statements, as well as the principal balance of any loans you have. Once you have all of that information, start developing your balance sheet by listing all of your assets (financialassets) with the values.
How to create your balance sheet easily
Full tutorial can be found here. Give me some time, I’ll make blog post about it.
How to be smart about money?
Now if you have answers to your questions, let’s start with it. Money doesn’t come easily and money should not be the aim or state. Money should be financial independence, which will give to more opportunities to choose from. We often make money based decisions. When having some sort of financial independence, you can make smart decisions about money.