Monthly Archives: November 2009

Financial Priorities And Principles

I think it’s important to focus on simple, achievable goals.  As such, here are my top five financial priorities and principles

Priorities –

  • I will maintain adequate cash reserves, sufficient to replace my income for 12 months.
  • I will remain debt free, paying upfront for all purchases.
  • I will save for retirement, focusing on both pretax and after-tax accounts.
  • I will teach my children sound financial principles, and help them pay for college.
  • I will look for opportunities to bless others, both with my finances and my time.

Principles –

  • I will live on a budget.
  • I will respect every dollar that I make, and the work that went in to making it.
  • I will look for opportunities to save more money.
  • I will look for opportunities to earn more money.
  • I will value people more than possessions.

As I work my way through each month, I keep each of these principles and priorities in mind.  I’m constantly asking myself –

Am I making decisions consistent with my priorities and principles?

It is easy to fell overwhelmed by the amount of information and financial noise.  For me, it’s imperative that I remain focused, keep things as simple as forward, and stick to my priorities and principles.

How about you?  Have you created or thought about a list of priorities or principles?  If so, leave a comment and share.

*This list does not include my regular giving to my church.

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Check Out Cash Commons

I’ve been away from blogging for a few weeks, busy with work.  I want to thank those of you who reached out to say “hi” via Twitter or email.  You guys rock.  Things have settled down now and I should be back to my normal blogging routine.

A few weeks ago, MBH from Mighty Bargain Hunter reached out to me and asked me to check out a new site he’s been working on – Cash Commons.  I’ve spent some time on the site, and I’m really impressed.  As a member of the Cash Commons community, users can ask questions, answer questions, and vote for their favorite topics.  Over time, users will earn reputation points.  I encourage you to do as I did – Check out Cash Commons, register as a new user, and contribute to the community.

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