4hb.com : Money Matters : Your Money Matters

Your Money Matters
By Gary Carter

Do you have all the money you need? Most of us don't. If you have ever had too much month at the end of the money, consider these ways to save a buck.

1. Use a software program like Quicken or Microsoft Money to keep your check register. Even a simple spreadsheet will do. A big part of managing your money is knowing where it goes. Using the computer protects you in case of a lost or stolen checkbook. And you can look at your spending from various angles using built in reports.

2. Use your company's 401K plan to the maximum allowed. Over time, your 401K alone can set you up for a very comfortable retirement. You probably know that the vast majority of people retire broke. Don't be one of them. Plan now for tomorrow.

3. Write yourself a check each payday. And pay yourself first. It will be hard in the beginning, but after a short time you will learn to budget on the amount that's left. And you'll be prepared for that rainy day we all hear about.

4. Review your credit cards to make sure you have the lowest interest rate possible. Think about consolidating your high interest cards into one lower rate card. If you do this, be sure and DESTROY those old, high rate cards. Also, calling the existing card companies and telling them you can get a better deal (you'll need to prove it) often results in them lowering your rate over the phone.

5. Review your mortgage to make sure there are no mistakes. The F.D.I.C. says that a whopping 50% of all mortgage companies make errors and OVERCHARGE consumers to the tune of 8 - 10 Billion dollars a year. Did you know that after paying 15 years on your 30 year mortgage, you'll still owe 90% of the amount you borrowed?

Use the tips above to become more aware of where your money goes. When you control your spending, you control your future.

About the Author

Author Gary Carter spends each day helping consumers like you save money on their mortgage. His company, Mortgage Express, offers FREE software called the Mortgage Manager(TM) which can help YOU save money by paying your mortgage bi-weekly. The Wall Street Journal and the New York Times agree that bi-weekly payments are smart business. Find out just how much YOU can save today. Visit Mortgage Express on the Web at http://www.mortgage-xpress.com or you can contact Gary at mailto:gary@mortgage-xpress.com