How To Be Modest With Your Money!

Be Modest With Your Money
Photo: formatc1

The following is a guest post. If interested in submitting a guest post, please read my guest posting policy and then contact me.

Hey everyone, and thank you for joining me for my second edition of Monday Money with Josh! Last week we discussed little known facts about credit scores and, I loved the feedback you all gave me on the article. With that said, I hope to keep you just as engaged today!

The topic today is being modest with your money. Why? Well, as human beings, we have a natural desire to do anything but be modest with money! When we find something we like, we have a tendency to build a need for products or services that should be considered a want. When we are out with friends, we have this overwhelming urge to shout, “I’ll cover the tab!!!” when deep down inside, we know that it’s going to put us in a tough place. With that said, here are 3 simple tips that can help you to be modest with your money…

Tip #1: Think About The Risks And Rewards Of Each Purchase You Make

This is something that took me a long while to start doing. However, when I did start, I noticed that my financial situation continued to get better. Our society was designed around consumerism which, drives us to naturally develop a need for products and services that aren’t really necessary. With that said, the next time you pick up the phone to call the guy on the T.V. with the cool drill or beautiful ring, think about how that purchase will benefit you or risk your financial stability!

This should come even more into play when a promotion guided decision to make a purchase or open a loan is being made. These days, we see a lot of 0% interest until 2015 for auto loans, furniture stores and more. But, these 0% interest loans tend to come back to bite the consumer in the butt. For instance, on many of the furniture loans, if the loan is not payed off within the promotional period, you will not only be required to pay future interest but, past interest will also be calculated and added to your balance! Always read the fine print and think rationally about any promotion guided purchase.

Tip #2: Constantly Look For Ways To Save Money

I know, this tip seems a bit cliché. If you weren’t looking for ways to save money, chances are, you wouldn’t be reading this blog or any other blog surrounded by the personal finance topic. But, many of us only look online for deals. And, I can understand why. But, simple ways to save money in your hometown also go a long way. Simply buying a newspaper could save you $20 or $30 by providing you with coupons you will use for your grocery shopping. Also, many gas stations offer lower prices per gallon if you use their credit card. So, you could use it every time you fill up and pay off the balance immediately. If you do that, you save a few cents per gallon and, you won’t pay interest!

Tip #3: Set A Weekly Fun Spending Budget

The average person pays his or her bills on pay day and the rest is fun money. But, this does not give you the opportunity to save for the future and money is often spent in very poor ways. With that said, it’s best to try and come up with a weekly spending budget that will allow you to do the things you enjoy in moderation, without breaking the bank. To do so, subtract your monthly expenses from your monthly income. I mean all expenses with the exception of miscellaneous purchases and entertainment. Now, simply cut the total in half. One half goes to savings, the other half is divided into the weeks. For instance, if you have a total of $500, $250 will go to savings and you will have a weekly entertainment budget of $62.50. A total that is plenty for a movie and a meal or a night on the town!

Final Thoughts

When it comes to money, much of this comes down to slowing down and thinking about the decisions you are making. So, I challenge you to take a more holistic approach when it comes to money management and frugality! I hope these 3 tips will help you on your journey to become financially stable!

Author Bio: Hey everyone, I’m Joshua Rodriguez! I’m the proud owner and founder of CNA Finance and now, the proud journalist behind Monday Money with Josh on Modest Money! I’d love to hear some of the things you do to be modest with your money in the comments below or on Google+!

Simple Ways to Spend Less on Food

Be Your Own Boss
Photo: Tax Credits

The following is a guest post. If interested in submitting a guest post, please read my guest posting policy and then contact me.

I have read the same blogs you have by those thrifty people that can live on two hundred dollars of groceries a month for a family of four. I have sincerely read them and thought about what advice they offered but most of the advice I was unable to process and perform. I just have to face the fact that I and my family are either a) too spoiled, b) too lackadaisical, c) just do not want to put that much effort into it, or d) all of the above. I think we fall somewhere in between both extremes but I do know there are many ways we could and should cut back.

I read pretty much all the blogs that I come across on ways to save money. I even follow one blog and am fascinated by this individual’s thrifty nature and the lengths to which they go. They certainly are to be commended and they can never be accused of being idle! It makes me tired just reading about all the wonderful things they do to save money. I do however glean some ideas from these special people in the hopes of saving some money for my family. Continue reading

How You Can Start Freelancing at the End of This Article

How You Can Start Freelancing
Photo: the UMF

The following is a guest post from Martin of Studenomics, a place where he tackles financial issues and simplifies them so that you don’t have to stress about your money. If interested in submitting a guest post, please read my guest posting policy and then contact me.

Are you sick of your job? Do you finally want to break free and do something that you enjoy? Are you ready for a lifestyle change?

All my friends tell me about how they want to get into freelancing. They all want to be self-employed and set their own schedules. They want to be in control. Yet nobody actually does anything. They just keep on reading marketing blogs and discussing various random strategies.

Today isn’t about waiting around and making excuses. I want you to start freelancing at the end of this article. Continue reading

My Take on Tags, Categories and Meta Keywords

Tags, Categories and Meta Keywords
Photo: extranoise

Check out my new guide for starting a blog to learn how to go about properly creating your own blog.

It seems that every day I’m helping some blogger friends with questions related to blogging, SEO, marketing, monetization, etc. As much as I like to help people, I only have so much time. So a lot of times I’ll base my weekly blogging tips post on a specific question that someone asks me about via e-mail.

This week’s question was from a blogger friend of mine who runs The Passive Income Earner. He was curious as to my opinion of how to properly use tags, categories and meta keywords. While I already answered his question via e-mail, I figure I should share my opinion with all of you in case you weren’t sure about this either.

If you’re new to this series, check out some of the previous blogging tips posts:

Now before I get started talking about this topic, you should know that I have only been seriously blogging for about 15 months now. So a more seasonable blogger may have differing opinions, but I think I have a pretty good idea of how search engines would view such elements.

What’s the Deal on Tags, Categories and Meta Keywords?

Ok actually I have one more warning first. While I have feelings about a good approach with these elements, I haven’t been using these as well as I could be. So until I get a chance to go back and optimize everything, do as I say, not as I do :)

Categories

I admit this is an area that I have personally done a lousy job on my blog to this point. My posts could definitely be better grouped into more relevant categories. I smell a future project for my assistant.

Depending on your blog’s navigation setup, your category setup may be the most important type of post classification. Many blogs have links to each of their categories in their sidebar or have a drop down menu to jump to specific categories. So if you want to help your readers find content that interests them, you really should have a well thought out category organization.

If your category list is linked in your sidebar, I would advise against getting carried away with too many categories. Giving too many options just creates an overwhelming list that is tough to go through. Not only is that not user friendly, but it also might not be SEO friendly. If you have too many links on each of your pages, search engines might not follow all of those links creating internal PR distribution issues. It’s a good idea to keep each page to under 50 links total. Some people recommend under 100 but I feel that is spreading yourself too thin and would likely be cluttered.

So how you approach categories really depends on how your blog’s navigation is setup. If you use a drop down menu for category navigation, you can probably get away with using more categories. Also consider how many posts would fit into each category to determine if some categories may not be necessary. This does create challenges when setting up categories while your blog is relatively new. That’s my excuse anyway.

Post Tags

This is probably the classification element that a lot of bloggers aren’t quite sure how to use effectively. Essentially they are more specific categories, but you can get away with using a ton of different tags. They are also useful for blog navigation as a reader might be interested in more posts related to that specific topic. Because of this, you should be careful about creating too many tags that only apply to a single post. That would create less than ideal navigation.

The big benefit of both categories and tags is the potential to create internal links from very relevant pages. Search engines give more weight to links when the pages have your keywords in places such as the url, title and headings. Since they also give more weight to links from pages that have more links pointing to them, you should again try to avoid tags that won’t be used again.

You should be careful with tags since they have the potential to get rather spammy. Think of how it would look if you entered a large number of tags that are fairly similar. Search engines are going to see a lot of tag pages that have nearly identical content other than the keyword it is optimized for. This used to be a fairly popular black hat SEO strategy, but search engines have since developed ways to combat it. Top search engines can even detect synonyms to get a better idea of when this tactic is used.

Some bloggers choose to block search engines from indexing tag pages and/or categories, which might be a good idea if you are unsure of how to use them safely. Personally I let them index all those pages with the assumption that it is not in their best interests to penalize all blogs that make use of those features. I don’t want to lose the benefits out of paranoia.

The other thing to keep in mind is that you should avoid using your category names as tags. This would create pages that are extremely similar, much more so than using many synonyms within tags. For my blog I will need to deal with this when I setup a better category system.

Meta Keywords

These days I’m not too concerned about this html element. In the early days of SEO it was extremely important as search engines were a little too trusting in letting website owners tell them what page should be relevant for. After years of spam, meta keywords became almost obsolete. Some lower end search engines may still use them as a minor factor for rankings though. So if you really want to cover all your bases, you might as well use this html tag.

Since the meta keywords are not visible on your page, this is where you can use synonyms and phrase variations. Beware that using any words excessively might still hurt you SEO-wise. If you do use this tag, I suggest you stick with your most important keywords only, particularly ones that you want to rank well for. Anything too broad might be better as a tag instead.

For my own blog I have it setup to default to using the tags as my post meta keywords. If it is a particular important page I do put a bit more effort there. I wouldn’t waste time worry about it though. Just set and forget.

Summary

Really these ways of classifying your posts isn’t anything complicated, but there are some things to be careful with. Remember that if you aren’t satisfied with your current setup, you can always go back through old posts and refine classifications to keep search engines and readers happy. With that approach the only thing to worry about is emptying out existing tags or categories since that results in some page-not-found errors. Search engines don’t like that kind of sloppiness. So look into setting up page redirects if that situation arises. Maybe that’s better to cover in another post.

Does anyone have any questions about these elements? Was anything I mentioned in this post new to you?

Peer to Peer Lending for Frugal Investors

Peer to Peer Lending for Frugal Investors

The following is a guest post. If interested in submitting a guest post, please read my guest posting policy and then contact me.

I had been part of the online frugality movement for a few years before I ever encountered peer to peer lending. I was one of those guys who was thrilled by blogs that taught ways to create a budget, maximize in-store coupons, and get free flights with flier miles. Interestingly, within that entire scene, there really was not a frugal approach to investing. Those same people who taught me the importance of tracking my expenses down to the penny and establishing an emergency fund would then turn around and invest their 401k with Merrill Lynch.

Nothing against the major investment firms, but I was certain I could do better. Their hands-off approach to investing was what I was trying to avoid! Frugality, in contrast, had taught me how to make my finances a more involved process that valued study and patience. Surely there were investing avenues along a similar line. Continue reading

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