Friday, June 19, 2009

The Two Fs. Part Two

Ok now on to the second F Finance. There are many different aspects to finance such as savings, investments, income, and expenses. Today im going to paint a broad overview of each aspect i will no doubt expound upon all of them in later post. Well first there is your income theres more to it then just what you make at your normal 9 to 5. Theres also that little bit of interest you may get from your savings account or from your side job like mowing lawns or that 20 bucks you made in that yard sale last month its all income that you have earned somehow. Its yours now you earned it so use it(wisely). Second there is savings which most have in some shape or form. Be it a little account at your local bank, an online account, or a little glass pig or basketball on your dresser. Again its yours so use it. Now on to investments they could run the gamut from a high interest savings to a cd, a stock share, a government bond or a t bill. Heck even your 401k or retirement is an investment at this point. Now for the one that strikes fear into us all your expenses. Be it your set bills like mortgage or car note to that pack of gum you bought that and everything in between is an expense even if you just used change or cash to buy if it cost you money in anyway its an expense. Even going into work on an off day is an expense cause your going at the expense of your family and friends and they definitely make you richer than money ever could. so here is just a little rundown on Finance let me know what you think and always know theres more to come.
Junojr

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