Categories: Bitcoin Business

Fix Your Finances, Simply. Try the 7-Day Money Challenge.

Click here to view original web page at www.nytimes.com

Tomi Um

Getting your finances in order is rarely top of mind, especially during the summer, when there are beaches to recline on produce-laden farmer’s markets to browse and vacation plans on which to splurge.

But right now, while your schedule may be more flexible, is a fine time to think about your financial well-being — and we’re making it easy, with Your 7-Day Money Challenge.

Each day for a week, we’ll send you a simple task that you can typically accomplish in under an hour, and usually in mere minutes. This challenge contains tasks that cover the basic components of a successful financial life. So you won’t find any tips on risky bets like short-selling stocks or trading Bitcoin.

The bedrock tenets of sound personal finance, in fact, can fit on a small index card. Harold Pollack, a professor at the University of Chicago, even created a handful of cards (which grew into a book), with maxims like “Save 20 percent of your money” and “Pay your credit card balance in full every month.” For most people, the not-so-secret secret to successful money management is to start early, and keep it simple. (If you’re no longer young, you can still try the simple part.)

The daily assignments in Your 7-Day Money Challenge offer a fresh approach to the greatest hits of personal money management, like creating a rainy-day fund. Many Americans would be hard-pressed to handle an emergency expense of just $400, the Federal Reserve has reported. Getting started with even a small savings account can help smooth out life’s inevitable bumps.

On other days, you’ll tackle tasks like identifying your priorities, trimming wasteful spending, bolstering your credit score, saving for retirement, finding the best credit card for the way you spend and updating insurance coverage. We walk you through how to get yourself on the right financial path, and offer advice for staying there.

Once you’ve finished our challenge, you’re good to go for another year. So you can relax, and enjoy your down time.

Getting your finances in order is rarely top of mind, especially during the summer, when there are beaches to recline on produce-laden farmer’s markets to browse and vacation […]

cinerama

Illuminati, Mason, Anonymous I'll never tell. I can tell you this, global power is shifting and those who have the new intelligence are working to acquire this new force. You matter naught except to yourself, therefore prepare for the least expected and make your place in the new world order.

Disqus Comments Loading...
Share
Published by
cinerama

Recent Posts

  • Bitcoin Business

Robinhood App Encroaches on Banking Turf with High-Yield Money Tool

Popular stock market and crypto trading app Robinhood is going after legacy banks with the relaunch of a cash management… Read More

14 mins ago
  • Bitcoin Business

The blockchain/crypto week in quotes

“The world that Satoshi Nakamoto, author of the Bitcoin whitepaper envisioned, and others are building, is an unstoppable force.” US… Read More

14 mins ago
  • Bitcoin Business

Art and watch collectors: Here’s how blockchain can stamp out fakes

According to an OECD report on counterfeiting, the world trade in fake goods is worth upwards of S$624 billion a… Read More

14 mins ago
  • Bitcoin Business

Litecoin and the Miami Dolphins Join Hands Over Charity

Who would have known American football and cryptocurrency would go so well together? In a press release, The Miami Dolphins… Read More

6 hours ago
  • Bitcoin Business

Crypto News: Grayscale’s Record Inflows, Shell’s New Blockchain Investment

Increasing amounts of capital are flowing into the crypto and blockchain start-up markets. By following the money, investors can uncover… Read More

6 hours ago
  • Bitcoin Business

David Koepsell (YICB 07), Co-founder of Encrypgen, LLC and Blockchain in Healthcare Global

David Koepsell is the co-founder and chief executive officer of Encrypgen, a software company creating next-generation blockchain solutions for genomic… Read More

6 hours ago

This website uses cookies. We use these cookies to collect data about your interaction with our website for the purpose of continuously improving your experience with our site. For more information we encourage you to read our privacy policy.

Read More