Todd's Tip of the Day!

Apply the money principles you use for business to your personal finances: Track expenses to create a snapshot of your spending habits.Build a budget-if you have the will power. If not, practice conscious spending by actively choosing where your money goes. Cut costs ruthlessly on things that don't matter.Turn a profit. A company goes out of business if it doesn't turn a profit. The same goes for a household. Know your worth. Create a personal income statement/balance sheet. Sites like Investopedia, Consumerism Commentary, Mint and Yodlee can help.