{"id":3986,"date":"2019-09-25T08:38:32","date_gmt":"2019-09-25T12:38:32","guid":{"rendered":"http:\/\/electricsaver1200.com\/blog2\/?p=3986"},"modified":"2018-12-20T12:39:59","modified_gmt":"2018-12-20T17:39:59","slug":"dont-be-like-this-guy-fred-is-no-fun-2","status":"publish","type":"post","link":"http:\/\/www.electricsaver1200.com\/blog2\/dont-be-like-this-guy-fred-is-no-fun-2\/","title":{"rendered":"Don’t Be Like This Guy… Fred is No Fun!"},"content":{"rendered":"

Once upon a time, there was a guy named Fred.  On the eve of his retirement, he realized that his poor financial planning landed him in quite a pickle<\/span>.  You see, he just flew through life by the seat of his pants and never thought about his future and how he wanted to live in that future.  He wound up divorced, living in his big sister’s basement, broke and utterly and completely defeated.  He did not live happily ever after.  Don’t be Fred! Here’s some of the common mistakes that we inadvertently make and what YOU can do right now to change that.
\n<\/span><\/p>\n

Have A Plan<\/strong><\/span><\/p>\n

Alan Lakein said, “Failing to plan is planning to fail.” This is precisely what happens with many of us who do<\/span><\/p>\n

not make a financial plan. Remember, your financial plan will work only if it is fault-free.<\/span><\/p>\n

\"\"<\/p>\n

No Action on the Plan<\/strong><\/span><\/p>\n

Assuming you have a plan, but do not put in efforts to make it work, it is as good as having no plan.<\/span><\/p>\n

Procrastination is your greatest enemy in this. Work around this and make a success of your life.<\/span><\/p>\n

No Emergency Fund<\/strong><\/span><\/p>\n

Sometimes things crash, sometimes unemployment happens. By understanding that even if you have the best plan, life does not always go according to plan. This should necessitate you to create <\/span>an emergency fund covering at least 9 months of your living expenses. This should take care of misfortunes like <\/span>job loss and the like.<\/span><\/p>\n

\"Saving<\/p>\n

Budget<\/strong><\/span><\/p>\n

A budget is imperative for financial planning. Unless you can plan where your money should go, you will not<\/span><\/p>\n

be able to plan your expenditure and balance your cash outflows, leading to a catastrophe.<\/span><\/p>\n

Live Within Your Means<\/strong><\/span><\/p>\n

Many of us are in the habit of spending money beyond our means to give a general impression about our<\/span><\/p>\n

financial health, even when we probably are up to our neck in debt. Be happy with what you have, and live<\/span><\/p>\n

within your means.<\/span><\/p>\n

Know Your Priorities<\/strong><\/span><\/p>\n

Mortgage interests are cheaper than consumer debt interests are. Therefore, follow the principle that prudence is<\/span><\/p>\n

the better part of valor, pay up your credit\/debit card payments first, and cut your interest liability instead of<\/span><\/p>\n

trying to pay off your mortgage fully.<\/span><\/p>\n

How Putting Energy Saving Practices into your home or business, will increase your cash flow or the<\/strong><\/span><\/p>\n

bottom line.<\/strong><\/span><\/p>\n

\"\"Let us assume that you have planned your finances badly, and at the far end of your career, just before<\/span><\/p>\n

retirement, you are really in a financial mess. One area where you could affect great savings is by initiating<\/span><\/p>\n

energy-saving practices at both home and office. With proper steps, you can increase your cash flow or bottom<\/span><\/p>\n

line. Please see some of the effective steps given below:<\/span><\/p>\n

1) You could consider installing a power saver device like the Electric Saver<\/a> 1200, which will considerably<\/span><\/p>\n

increase the efficiency of your electrical equipment in the house, by recycling the wasted wattage arising<\/span><\/p>\n

from the lost efficiency of these products.<\/span><\/p>\n

2) Programmable thermostats will save you a good amount of money by turning the thermostat 10 to 15<\/span><\/p>\n

degrees up or down, as necessary, when you are away, and programming it temperature wise and time<\/span><\/p>\n

wise, to re-start to give you a comfortable zone when you return.<\/span><\/p>\n