The economy is about to pull out of its economic stall. And good investment values are there for genuine long-term investors. But whatever is in store for the economy and markets, the transition from one year to the next is an opportune time to revisit the basics of personal finance. Here are some guiding principles to think about. Keep your money matters simple.
Simplicity is an under appreciated virtue when it comes to finance.
The more complicated the products and strategies, the more people waste their time and money. Create a plan. Few of us like the idea of setting up a plan, since it means constructing a budget. Yet a financial blueprint is critical for transforming your goals into action. You're in control of your finances with a plan.