Thursday, January 22, 2009

Journal #3

What is the best piece of financial advice you have ever received?

20 comments:

  1. The best financial advice i have got was to save my money and don't spend your money on stupid things. And just to be good with your money and to do what you think is right.

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  2. The best peice of finacial advise i have gotten was from my dad. He has great credit and always adives me to put a little money away from every check even if it is a little bit, and then once you get a decent amount to freeze it for a a couple years so intrest builds it up.

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  3. The best piece of financial advice i have ever gotten is "Don't spend what you don't have." Millions of people are in debt due to overspending on credit cards so in the future, i hope not to join them. Id rather learn from the mistakes of others and live by the saying, "A penny saved is a penny earned." Im sure that'll bring me to be successful with my finances in the future.

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  4. The best piece of financial advice I have ever recieved was from my father. He told me to open a savings account and put half of every check into it. The more money I put in the more interest there is. Therefore I wind up with almost twice the amount I put in to begin with.

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  5. The best piece of financial advice I have ever received is from my dad. Like Mrs. del Castillo has mentioned in class, he has advised me that having a credit card at such a young age will probably cause you to be in debt when you are older. He also told me that when I get a job, to set asside $20 each week so I would have money for college. I should do that because it sounds like a good idea.

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  6. The best piece of financial advice I have received is save your money. Unless you are in dire need of it, do not spend the money. The money will come out in the end for something way better and lifelasting....

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  7. The best peice of financial advice was something I heard the other day in class, which was "Dont spend what you dont have". This is such good advice, because with credit cards and how convient they are it is easy to get sucked in quick and spend money you really dont have, and once you get into debt and establish a bad credit score it is hard and a long process to get yourself out.

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  8. The best financial advice I've recieved is to spend based on need rather than want. When you buy something you not only lose the money you spent, but also the opportunity you had to buy other things with the money. When funds are lacking and there is nothing you absolutely need, saving is a better idea than spending.

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  9. The best financial advice I have ever gotten was from my anut. She told me to open a savings account and put a little money from each paycheck in the account and not to touch it until I really need it. Then I would have it.

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  10. The best piece of financial advice I have ever received is to get a job and save. Before I had a job I barely had any money to do anything. Now that I have plenty of money to do anything, I am saving it up in my bank account for college and other things down the road.

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  11. I have recieved many different pieces of financial advice. The one that has stuck out the most to me is the advice of my aunt and uncle. They have always told me, "You get what you pay for." While it may seem like the best choice at the time to buy something as cheap as you can get it, it's not always the best idea. Chances are when you buy something really cheap it doesn't have a very high quality and it will have to be replaced after a short period of time. Therefore you'll end up having to spend more money in the long run to replace the item.

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  12. Although it is very contrary to what everyone else is saying, mainly because I do not want to be so cliche, I feel the best financial advice I have ever recieved was to spend your money on whatever makes you happy. Sure, saving is a very important part of responsibly handling your money. But, if you get money as a gift, spend it on something that you will enjoy. When money is abundant, pay yourself. You deserve it. But, when money is frugle, only use it on necessities.

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  13. shaidz,

    the best financial advice i ever received had to of been from my mother when i started getting paid regularly. she told me to keep $40 on me for spending and then put the rerst into the bank and save it so that i could buy a descent car or somethen but dont blow it all at once as soon as you get it.

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  14. the best finical advise ive recieved is to save. save my money and dont waste it on things you dont need. my dad says to save and "go out once strong and not twice weak."

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  15. hum hummm.. let me ponder for a moment...Well the best piece of financial advise I have ever recieved is the importance of my credit score, and the differences between credit and debit. A credit card can completely alter your life if used incorrectly.A credit card should used in case of emergency and urgency not for your leisure and a random shopping spree...debt is not at all fun and can even lead to depression and unwellness. So, before you ever swipe your credit card understand the terms of the contract fully, know the interest and your grace period. other wise you could be signing your life over to the credit card companies.

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  16. The best financial advice i ever recieved was make sure it is a need and not a want. if you want it dont get it !!!

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  17. The best financial advice i got was to be aware of every purchase that i make. although it may seem like each purchase is not a lot, eventually each purchase adds up and can come up to a pretty hefty sum. Be smart about your money and never bring more money than you need because you will end up spending much more than planned.

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  18. I think one the best financial pieces of advice I have ever recieved is to have a budget. I was told that without a budget you may come up short or run out of money because you spent it on things you did not need.

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  19. i think it would have to be to save my money in a savings account. because when i do that i got a 2 for 1. you first save your money for more important things and you also get back interest on your money. not alot but still more than you put in.

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  20. Spend your money wisely and to buy something that is a need first and not a want. For example, if you have bills to pay but you really want some nice sneakers that just came out and their limited which one would you choose? Thats up to you but if you pick the sneakers, your not being wise with your money.

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