Saturday, December 22, 2007

Managing Your Finances

As 2007 draws to its close, its time to make plans for 2008. As with every new year people tend to make a few resolutions. With the economy predicted to be not-so stable in the near future it is time to be careful about the expenses and how to manage the money you have.

The recent issue (January 2008) of "Money " magazine gives a list of money related websites. I believe the amount of knowledge one can gain from this issue alone justifies the amount paid for a one year subscription. If you are concerned about your finances I would advise you to grab a copy of it soon. The last I checked, it was less than 20 bucks on Amazon for a year's subscription.

1) To track all your money at one place - moneycenter.yodlee.com (Yodlee powers major banks online products so is safe, as claimed by the magazine)

2) Financial Advise and to Exchange Ideas - GetRichSlowly.org, SavingAdvice.com

3) Investing Ideas - Pimco.com, EfficientFrontier.com, DieHards.com

4) Bargain Hunting - Fatwallet.com, Slickdeals.net, Pricegrabber.com (Comparison shopping)

5) Real Estate - trulia.com or zillow.com

6) Getting a new car - Consumerreports.org, edmunds.com and get the best price at cardeals.org

7) Blog Search : Outside.in searches for blog posts by city/zip.

Other than these bankrate.com is the best place for comparison shopping of your banking needs. It lists the banks, lending services, where to get the best rates on CDs, Money Market Accounts, Mortgage, Auto Loans etc.

Another item that I recently read about is PriceProtectr (priceprotectr.com). If you buy a product from one of the specified stores mentioned on the website (there are 74 stores as of now); and the price of the product falls below your purchase price within 30 days of your purchase; the website will let you know. You can then ask the store to refund you the difference.

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