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The Corliss Online Group Financial Magazine: 8 Tips for Financial Wellness

The Corliss Online Group Financial Magazine: 8 Tips for Financial Wellness | The Corliss Group |

Often at the start of a new year, one of our most popular resolutions is to become more financially stable and responsible. Overspending and overextending ourselves often comes from a place of lack and not feeling as if we have enough. It is an emotional issue as much as a material one.


Sometimes we feel as if by controlling and increasing the material volume of lives, we feel more abundant. Not only is this not true, it has the opposite effect. The more we spend our money in non-constructive ways, the worse we feel and the more we spend to feel better. Vicious cycle much?


Money is a deeply personal subject and financial circumstances vary greatly from individual to individual and family to family. There are no one-size fits all rules regarding money but there are some general tips that work well for most people.


Here are 7 tips to creating the abundance and calm you deserve:

1. Where are you over-extending? Do an honest expense report for yourself. Where are you spending too much? Rent is a common culprit -- experts say this should not be more than 20 percent of your income. Moving to a cheaper place is extremely freeing!

2. Automate your savings. This is a trick many financially savvy people know about. Before you spend a single cent -- put away at least 10 percent of your income into a savings account. If you can, put all bonuses (or any expected income) into this account too. Name it something fun like "Round the world ticket" or "Dream Home" to remind you why you are socking cash away each month.

3. Limit the entertainment overdose. Eating and drinking out are often the reason the old catch phrase was coined -- to have too much month left at the end of the money. Only commit to things you can afford and don't say yes to things just because you are invited.

4. No spending one day a week. This can be played creatively like a game! If you have a transport pass, food in the fridge, coffee in the cupboard and wifi at home -- you are set. A walk outside, making lunch for your partner and Skyping a friend are all free and fun!

5. Remember less is more -- need all those cable channels? Need that gym membership if you only go once a week? Look for cheaper alternatives. How much is a drop in exercise class? Is there a free first pass? Is Hulu a better option? Refer to your report to see where you can cut back.

6. Carry cash. Not only does this make you feel wealthy -- you are less likely to want to dole out cash on things like cabs and the small things that add up (another mimosa, a t-shirt on sale). Swiping plastic does not have the same realization as to what you are spending as handing over cold, hard cash.

7. Give! Paradoxically, being generous makes us feel abundant and the universe rewards us by giving us more.


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The Corliss Group, Stocks Surge Past Economic Benefit on Tokyo Olympic Pick

The Corliss Group, Stocks Surge Past Economic Benefit on Tokyo Olympic Pick | The Corliss Group |
Japanese shares seen as benefiting from the 2020 Olympics surged too far, too fast after Tokyo won hosting rights, with the rally outweighing the estimated economic im...
Freda Riegel's insight:

While estimates for the direct Olympics economic payoff don’t justify last week’s rally, investors are betting that the Games will also improve consumer sentiment and have longer-term benefits for industries such as tourism, Shinkin Asset’s Fujiwara said.

UBS AG projects a direct effect of 3 trillion yen from the Games and an additional benefit of 10 trillion yen to 23 trillion yen from infrastructure upgrades under Abe’s reform programs and for the Olympics, as well as from private-sector investment, analyst Toru Ibayashi wrote in a Sept. 9 report.


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Freda Riegel's comment, September 18, 2013 9:02 PM
Aside from the economy, government should be concern on the welfare of the people
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The Corliss Group, If a finance company sector type meltdown

The Corliss Group, If a finance company sector type meltdown | The Corliss Group |
Moves by the Serious Fraud Office (SFO) and other regulators to detect crime earlier through intelligence gathering and co-operation would see a finance company sector style mel...
Freda Riegel's insight:

Dozens of finance companies collapsed, between National Finance 2000 in May 2006 and NZF Money in July 2011, losing an estimated $3.1 billion of their investors' money. See full details in our Deep Freeze list here. And see details of punishments dished out to convicted finance company bosses in our Porridge List here.


McArley said the crucial lesson was that the key to minimising the impact of financial crime on the economy, and on the New Zealand public, was early intervention, or to catch the crime before it becomes a major issue.


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Freda Riegel's comment, September 28, 2013 12:48 AM
I'm sure they'll come up with something.
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The Corliss Group, Merkel Shifts Focus to Economy

The Corliss Group, Merkel Shifts Focus to Economy | The Corliss Group |
Chancellor Angela Merkel turned the campaign focus to her stewardship of Europe’s biggest economy, warning that plans by the opposition Social Democrats to raise taxes would upend Germany&rsq...
Freda Riegel's insight:

Merkel is campaigning on her record of driving unemployment down near a two-decade low and sheltering Germany from the worst of the euro-region debt crisis as she seeks a third term in the Sept. 22 election. Her case was bolstered today by figures showing the German economy picked up speed in the second quarter, driven by consumption and a rebound in investment.


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Freda Riegel's comment, August 27, 2013 11:02 PM
If the economy is good, country is in better state. It will be if there will be no unemployed.