Comments on: Personal Finance Basics: Saving Money and Credit

By: Miranda

Miranda — Mon, 25 Aug 2008 22:14:40 +0000

Excellent point, Uncommonadvice! Saving should be the foundation of any personal finances plan. And, of course, if you have good habits, the good credit will follow.

By: Uncommonadvice

Uncommonadvice — Mon, 25 Aug 2008 22:09:32 +0000

Miranda – I think point 1 is much more pertinent than point 2. The best financial advice is, for every ten coins you bring in, spend only 9. If you abide by these rules then credit becomes much less of an issue.

By: Miranda

Miranda — Mon, 25 Aug 2008 21:59:17 +0000

Great point, Vered! I guess my aim was to get to the most basic of the basics! At any rate, a heartily agree with you that a low cost index fund is a great and simple way to invest. And it’s something that you can do automatically.

By: Vered

Vered — Mon, 25 Aug 2008 21:49:41 +0000

I agree, but I would also like to add that investing doesn’t need to be a “big” thing. If you save at all, you can certainly allocate a percentage of your savings to a low cost index fund and let it grow.