Thomas J. Tessier is experienced in financial accounting, financial planning, tax preparation, tax audits, and general business consulting.

Thomas J. Tessier, CPA, MST 707-545-0701 Franchise Tax Consulting

Licensed in the states of California and Washington.

http://www.tessiercpa.com

Personal finance is a lot less about dollars and cents than you may think. You just need to have common sense. Managing your finances smartly is a learned behavior and too often people learn the hard way. By taking the tips given in this article and applying them to your life the right way, you will find yourself having more success.

The most important factor in successful personal finance is effective money management. Protect your current assets and act to increase them. Finding a strategy that works for you can really help you to stay ahead of the game. Set standards for profits and what you put into capital.

Teach your young child about finances by giving him an allowance that he can use for toys. This way, it will teach him that if he spends money in his piggy bank on one toy, he will have less money to spend on something else. This will teach him to be selective about what he wants to buy.

For parents who want to get personal finances on their child's mind as early as possible giving them an allowance can create a cash flow for them to develop their skills with. An allowance will teach them to save for desired purchases and how to manage their own money. Also the parent is still there to help them along.

Don't put off saving for and investing in your retirement. Take advantage of work based plans like a 401k. If your employer is contributing to your 401k make sure to do everything you can to optimize that contribution. Roth 401ks allow you to withdraw from your fund without tax penalty if you qualify.

Stick to a budget! Take the time to write down what you make and what your monthly expenditures are. This will help you decide where to put extra money and if you have anything left over to invest to make yourself some more money! No matter what kind of money you make you need a budget!