The Alexandrite Group LLC
Money Coaching Tips and Ideas
January 2010
(201) 447-1137
dwf@AlexandriteGroup.com
Volume 2: Issue #1
Greetings!

Happy & Healthy New Year!  May this year be the year that you become more financial fit.  Read below for ideas on how to start this process, and remember all journeys begin with a single step.

Also, as a REMINDER - Keep tabs on your credit by ordering your credit report from one of the three credit agencies this month.  Read May 2009's newsletter for further explanation.   Follow along with Diane Nissen Friedman who ordered her free credit report from Equifax. 
MainTopicNew Year's resolution: I (We) will get my financial life in order
The new year offers everyone chances to reflect, and to decide what to change or improve.  January is wonderful time to begin organizing your financial life.

Consider what filing system you need to : 1) pay bills on time; 2) easily locate bank and brokerage account statements; 3) keep track of medical expenses or 4) keep track of your spending.  Choose only one or two goals from this list this month, so it will not be overwhelming.  Next month add something else.  Before you realize it, you will have gone a long way towards organizing your finances. 

For more ideas on how to organize your financial affairs and for private, individual counseling, consider partnering with The Alexandrite Group.  Make an appointment with Diane Nissen Friedman, today.
SavingTipWhat is compound interest?
Compound interest means that you earn interest on your interest. Because of compound interest, any savings will grow faster the more frequently interest is calculated and added to an account. 

Use the "rule of 72" to quickly calculate how many years it will take your money to double.  For example, an interest rate of 5% means your money will double in 12 years (5% divided into 72 equals 12).

For a more precise calculation, visit this site.
SavingTipMoney Saving Tip for January 2010
Consider dropping your landline phone.  Even most basic service, costs about $25 per month.  This is a potential savings of $300 per year. 
Are you using Facebook?  If so, please become a fan of The Alexandrite Group.  We will keep you informed on personal money coaching tips throughout the year.

Hope you have a great month!  If you have any suggestions or comments, we would like to hear from you.
 
Sincerely,
 
Diane Nissen Friedman
New Jersey's Money Coach
(201)447-1137
email: dwf@AlexandriteGroup.com
MoneyTermSave the date
Tuesday, January 26, 2010   7:00 pm - 8:30 pm
at the
Oakland Public Library
Diane Nissen Friedman
will present
"Credit Cards: Choosing and Using Wisely"
More info..
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