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Tasks

Priorities - A: high, B: medium, C: low; Status - _: unfinished, X: finished, C: cancelled, P: pending, o: in progress, >: delegated. Covey quadrants - Q1 & Q3: urgent, Q1 & Q2: important
BCAttend Cashflow Workshop @1230 - see BBDB record on jeromesan888 : E-Mail from [email protected] (2005.06.26 finance)
BCMeet jeromesan880 @1700 at the Figaro near Dela rosa and Leviste and Valero (2005.06.22 finance)
BX@Citibank Sit down with financial planner and work out investment plan (2005.06.21 finance)
BCFind 4 other people to sign up for Cashflow workshop : TaskPool (2005.06.21 finance)
BXPlay games on http://www.richkidsmartkid.com (2005.06.19 finance)
BXReflect on Cashflow lessons for today (2005.06.18 finance)
BXWrite about Pera Mo, Palaguin Mo (writing finance)

Notes

3. Spending plan (2005.08.01:4)

Categories: None -- Permalink

Whether you call it a budget or a spending plan, an idea of how much you can spend on what each month is a remarkably liberating thing. After you've put aside money for savings and important expenses such as

I keep my monthly spending plan on a ruled 3x5 index card labeled "Budget for August 2005." I divide the card into three columns: category, estimate, and remaining budget. At the beginning of each month, I write down the categories and estimates in ink, and the remaining budget in pencil. Throughout the month, I'll regularly update the remaining budget entries. If I want to spend more for something, I can reduce the budget of another category.

Let's see how well that system works this month!

その代わりに、彼は自分のコンピュータを制御しているスイッチを操作した。 Instead, he worked a switch that controlled his computer.

2. Love & Money: A Life Guide for Finanfial Success (2005.06.22:2 books#2 finance#2)

Categories: None -- Permalink

Jeff Opdyke

I browsed through this book on a whim and ended up reading it cover to cover. This John Wiley book is a great read if you're looking for sound advice on finances and relationships. Here's the book blurb from the publisher's site:

Reviews: "The financial decisions we make in our lives are sometimes not the easiest to discuss but have long-lasting effects. [Opdyke’s advice] has opened the door in my relationship to conversations that were a long time coming." - Josh, regular reader of Opdyke’s "Love & Money" column, Florida

Real answers to real questions about money and relationships:

  • I have too much debt and my credit isn’t very good. How can I fix my financial problems? And how do I break the news to my boyfriend?
  • How do I teach my kids the value of money, when my parents shower them with expensive gifts?
  • My wife makes more money than I do, does that give her a greater voice in our financial decisions? Are we still equal?
  • How much should I give my child in allowance? And will it really help him learn the value of a dollar?
  • We want to have our first baby, but we don’t know if we can afford it yet. How much money do we really need to have in the bank?

If you’re like most people, you’re struggling with questions like these. Whether we like it or not, money makes a big difference in the choices we make and the lives we lead. Unresolved questions about money can put unwanted stress on even the healthiest relationships–between spouses, between parents and children, and even between friends. In Love & Money, columnist Jeff Opdyke offers practical personal finance advice, as well as strategies for dealing with touchy financial topics–so that money doesn’t end up costing you something even more valuable.

Random notes:

Formative

  • Most people are terrified of budgets because they think of them as strict limits. Use a spending plan instead, and remember that you're giving up that latte for something specific like a car.
  • Debt affects relationships and self-esteem. Tell your significant other if you have a debt burden so that it's out in the open.
  • Little things add up. Be conscious.
  • Mix savings with investments. Find an emergency buffer level both of you are comfortable with.

Building a life together

  • Discuss finances as a couple.
  • Keep a joint account instead of his-and-hers.
  • Resist temptation to hide your expenses.
  • Keep your relationship as equals even if one person earns significantly more than the other. Recognize the value contributed by a stay-at-home spouse. Don't let your money substitute for your time or effort around the house.

Kids

  • Consider finances when thinking about having a child. Will you be able to provide good opportunities without depriving your children?
  • Be careful about toys. Teach kids that material things != happiness instead of indulging them all the time.
  • Allowances can help your children learn how to manage money. Don't have any big expectations like making them learn how to donate to charity or save for college. Resist the temptation to supplement this through your generosity. Make it regular, not dependent on their behavior: that way, they don't see money as the reward.
  • Think about the messages you send kids. When they want something, do you tell them you can't afford it--and then turn around and get yourself something?
  • Plan for education Really Early.

Middle years

  • One income or two?
  • Relocating because of a career is very difficult. Is the traveling spouse willing to give up that dream if necessary? Is the trailing spouse willing to walk away from his or her own career if necessary? Try to find a win-win. Acknowledge difficulties, particularly for trailing spouse.
  • People have different vacation needs. Find a good compromise. (It's vacation, after all.) Might not even be together all the time.
  • Talk about your life goals. Check for compatibility. Find good compromises.

Retirement

  • Plan for retirement really early.
  • Medical aid is expensive. Think about that, too.
  • Should you support your parents? Should your children support you when you're old? Book: Parents should have planned ahead for their own retirement, so should not oblige children as their children's primary responsibility is to their new family. (For us Filipinos, though, this is practically a given...)

彼女には2人の兄弟がいて、コンピューター業界で働いている。 She has two brothers, who work in the computer industry.

コンピューター産業の発展は非常に急速である。 The development of the computer industry has been very rapid.

1. Love & Money: A Life Guide for Finanfial Success (2005.06.22:2 books#2 finance#2)

Categories: None -- Permalink

Jeff Opdyke

I browsed through this book on a whim and ended up reading it cover to cover. This John Wiley book is a great read if you're looking for sound advice on finances and relationships. Here's the book blurb from the publisher's site:

Reviews: "The financial decisions we make in our lives are sometimes not the easiest to discuss but have long-lasting effects. [Opdyke’s advice] has opened the door in my relationship to conversations that were a long time coming." - Josh, regular reader of Opdyke’s "Love & Money" column, Florida

Real answers to real questions about money and relationships:

  • I have too much debt and my credit isn’t very good. How can I fix my financial problems? And how do I break the news to my boyfriend?
  • How do I teach my kids the value of money, when my parents shower them with expensive gifts?
  • My wife makes more money than I do, does that give her a greater voice in our financial decisions? Are we still equal?
  • How much should I give my child in allowance? And will it really help him learn the value of a dollar?
  • We want to have our first baby, but we don’t know if we can afford it yet. How much money do we really need to have in the bank?

If you’re like most people, you’re struggling with questions like these. Whether we like it or not, money makes a big difference in the choices we make and the lives we lead. Unresolved questions about money can put unwanted stress on even the healthiest relationships–between spouses, between parents and children, and even between friends. In Love & Money, columnist Jeff Opdyke offers practical personal finance advice, as well as strategies for dealing with touchy financial topics–so that money doesn’t end up costing you something even more valuable.

Random notes:

Formative

  • Most people are terrified of budgets because they think of them as strict limits. Use a spending plan instead, and remember that you're giving up that latte for something specific like a car.
  • Debt affects relationships and self-esteem. Tell your significant other if you have a debt burden so that it's out in the open.
  • Little things add up. Be conscious.
  • Mix savings with investments. Find an emergency buffer level both of you are comfortable with.

Building a life together

  • Discuss finances as a couple.
  • Keep a joint account instead of his-and-hers.
  • Resist temptation to hide your expenses.
  • Keep your relationship as equals even if one person earns significantly more than the other. Recognize the value contributed by a stay-at-home spouse. Don't let your money substitute for your time or effort around the house.

Kids

  • Consider finances when thinking about having a child. Will you be able to provide good opportunities without depriving your children?
  • Be careful about toys. Teach kids that material things != happiness instead of indulging them all the time.
  • Allowances can help your children learn how to manage money. Don't have any big expectations like making them learn how to donate to charity or save for college. Resist the temptation to supplement this through your generosity. Make it regular, not dependent on their behavior: that way, they don't see money as the reward.
  • Think about the messages you send kids. When they want something, do you tell them you can't afford it--and then turn around and get yourself something?
  • Plan for education Really Early.

Middle years

  • One income or two?
  • Relocating because of a career is very difficult. Is the traveling spouse willing to give up that dream if necessary? Is the trailing spouse willing to walk away from his or her own career if necessary? Try to find a win-win. Acknowledge difficulties, particularly for trailing spouse.
  • People have different vacation needs. Find a good compromise. (It's vacation, after all.) Might not even be together all the time.
  • Talk about your life goals. Check for compatibility. Find good compromises.

Retirement

  • Plan for retirement really early.
  • Medical aid is expensive. Think about that, too.
  • Should you support your parents? Should your children support you when you're old? Book: Parents should have planned ahead for their own retirement, so should not oblige children as their children's primary responsibility is to their new family. (For us Filipinos, though, this is practically a given...)

彼女には2人の兄弟がいて、コンピューター業界で働いている。 She has two brothers, who work in the computer industry.

コンピューター産業の発展は非常に急速である。 The development of the computer industry has been very rapid.

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Page: finance
Updated: 2005-10-10
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