How to Budget Better in the New Year

Resolve to get your finances in better shape. Better budgeting will keep your spending under control and boost your savings. Find out how to do it here.

Jan 5, 2014 at 8:12PM

The New Year has begun, and millions of Americans have resolved to get their finances in better shape for the New Year. But one of the biggest problems many people have is budgeting their financial resources so that they can both cover all their necessary expenses and have money left over to save and invest.

In the following video, Dan Caplinger, The Motley Fool's director of investment planning, talks about how you can budget better in 2014. Dan notes that the first thing to do is to figure out how much you're spending, with online tools that can help you easily track where your money goes. Dan next suggests matching your spending with your earnings, but to remember that things that are important to you deserve money in your budget. As an example, many financial planners suggest cutting out daily trips to coffee shops for lattes, but for many, that advice is a non-starter that jeopardizes your whole budgeting process. Instead, look for savings on things that you can realistically pay less for. Dan points to smartphone and landline charges as an example, pointing to new mobile plans from T-Mobile (NASDAQ:TMUS) and AT&T (NYSE:T) that can save some consumers money, while cheaper landline alternatives like measured service can bring far smaller charges from Verizon (NYSE:VZ), Frontier Communications (NASDAQ:FTR), and other providers. Dan concludes that if you want to budget better, you can -- just by following these simple rules.

Smart budgeting is the beginning of financial health
Once you have your budget under control, you can start regularly investing in the stock market. In our brand-new special report, "Your Essential Guide to Start Investing Today," The Motley Fool's personal finance experts show you why investing is so important and what you need to do to get started. Click here to get your copy today -- it's absolutely free.

Fool contributor Dan Caplinger and The Motley Fool have no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

4 in 5 Americans Are Ignoring Buffett's Warning

Don't be one of them.

Jun 12, 2015 at 5:01PM

Admitting fear is difficult.

So you can imagine how shocked I was to find out Warren Buffett recently told a select number of investors about the cutting-edge technology that's keeping him awake at night.

This past May, The Motley Fool sent 8 of its best stock analysts to Omaha, Nebraska to attend the Berkshire Hathaway annual shareholder meeting. CEO Warren Buffett and Vice Chairman Charlie Munger fielded questions for nearly 6 hours.
The catch was: Attendees weren't allowed to record any of it. No audio. No video. 

Our team of analysts wrote down every single word Buffett and Munger uttered. Over 16,000 words. But only two words stood out to me as I read the detailed transcript of the event: "Real threat."

That's how Buffett responded when asked about this emerging market that is already expected to be worth more than $2 trillion in the U.S. alone. Google has already put some of its best engineers behind the technology powering this trend. 

The amazing thing is, while Buffett may be nervous, the rest of us can invest in this new industry BEFORE the old money realizes what hit them.

KPMG advises we're "on the cusp of revolutionary change" coming much "sooner than you think."

Even one legendary MIT professor had to recant his position that the technology was "beyond the capability of computer science." (He recently confessed to The Wall Street Journal that he's now a believer and amazed "how quickly this technology caught on.")

Yet according to one J.D. Power and Associates survey, only 1 in 5 Americans are even interested in this technology, much less ready to invest in it. Needless to say, you haven't missed your window of opportunity. 

Think about how many amazing technologies you've watched soar to new heights while you kick yourself thinking, "I knew about that technology before everyone was talking about it, but I just sat on my hands." 

Don't let that happen again. This time, it should be your family telling you, "I can't believe you knew about and invested in that technology so early on."

That's why I hope you take just a few minutes to access the exclusive research our team of analysts has put together on this industry and the one stock positioned to capitalize on this major shift.

Click here to learn about this incredible technology before Buffett stops being scared and starts buying!

David Hanson owns shares of Berkshire Hathaway and American Express. The Motley Fool recommends and owns shares of Berkshire Hathaway, Google, and Coca-Cola.We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

©1995-2014 The Motley Fool. All rights reserved. | Privacy/Legal Information