• Personal Finance

    Help You Organize Your Personal Finances

    • Make goals for yourself. Your goal may be to put a certain amount of money aside towards retirement or pay off a certain amount of debt. It’s easy to waste money when you don’t have a plan in mind. Stick to your goals by writing them down and sticking to them every month. Make sure that they are reasonable and attainable. Not only can this monthly habit help you organize your finances, it also can be an incredibly empowering step.
    • Pay off personal debt. If you have debt, and most people do, make paying off loans a top priority. Constant debt can hurt your credit score and keep you from fully enjoying life. You may want to consolidate debt or liquidate current assets to cut down on interest payments. Try to pay off loans as early as possible, even if that means cutting back on your current expenses now.
    • Stop
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  • Personal Finance

    Save Money on Your Energy Bill

    Check Your Tariff

    How much you will pay on your energy bill will depend on not just your usage; the energy company tariff you are on pays a large part in what you pay out. It is important to consider the following:

    • Are you on a fixed price tariff? Very popular, the fixed price tariff locks in the price of you gas and electricity until a set time which means that you only pay the unit price you agree at the beginning of the term, regardless of how energy prices rise elsewhere.
    • Have you checked to see if another company will charge you less? Using a comparison site to check what the best deal is will save you a fortune in the long run.
    • Have you opted for paperless billing and duel fuel? There are many discounts available for those who go green and scrap their money bills and statements
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  • Personal Finance

    Payroll Loans

    Payday payroll loans are typically used when there is not enough cash in the bank to cover money needs until the next paycheck comes around. If households have less debt, it would make sense that the need for fast cash would dwindle as well. There are important factors concerning this assumption. Mainly speaking, the household would have to a financial plan in place, proper budgeting skills as well as control on spending power in order for it to ring true.

    Budgeting Skills – When debt numbers decrease, it doesn’t mean that money management can disappear. A budget is still as important in order to keep track of income. It is easy to slide away from accountability of the budget is not continually used for all levels of debt. Be accountable to continue paying off debt rather than upping spending power. A savings account is a great place to help store … Read the rest

  • Personal Finance

    Create a Cash Cushion

    As for me, I was on this Level for a long, long time – probably a decade. I always thought there was a better place to put my money “to work.” Your money should be working for you, right? Every three or four months, I would amass a good chunk of my goal. I would see that money in my savings account and say, “I need to invest this money and get a return. It’s just sitting there.” And, I would try and skip this Level. There were years, I thought I was playing at Level VII, but really I was still playing Level III.

    In the beginning, I would take that money and put it in some risky stock speculation. I wouldn’t even call it investing because I was watching the stock prices daily and making trading decisions on a daily basis. That is not investing. I would invariably … Read the rest

  • Personal Finance

    Advantages Of Personal Life Cover

    • Tax Breaks: Most life insurance polices include a tax-free allowance that can be paid in each year. The payout, whether it is in a lump sum or instalments, is tax-free. This is also dependent on the total value of the estate, because it could be counted in the Inland Revenues’ calculations for inheritance tax. However if it is written into trust this can be avoided because it makes the pay out completely separate from the rest of the estate. Not all life insurance policies can be written in to trust, so it is advisable to check this before purchase.
    • Peace Of Mind: This is often considered the biggest benefit of having this type of policy in place. You will be reassured that your funeral costs will be covered and your family will not be left with unpaid debts such as loans or credit card bills and the mortgage or rent.
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  • Debt

    Manage Your Debts In Easy Steps

    First, you need to pay all the available balances that you can pay. For example, if you have a credit card debt, pay the full amount. This will help you adjust your entire budget for the whole month. You will not longer have to worry about the statement. Of course, you need to sacrifice a little when you pull money out of your budget. But take note that paying the full credit debt will relieve you from interest rates. Interest rates eat up a bulk of your credit payments. In fact, you are actually just reducing your original debt in minimal amount. So the trick is to pay the entire debt whenever the statement comes in. It will also help you manage your existing money better.

    Second, do not spend on things that are not very important. Most of the time, people use their credit cards to pay for emergency … Read the rest

  • Personal Finance

    About Managing Personal Financial Crises

    First, only use credit when it is absolutely necessary. Never use credit for consumables such as groceries, utilities, etc. The one exception might be gasoline, if you discipline yourself to pay the card off in full each month. Did you know that if you pay your credit card by the due date you might be able to avoid interest charges for charges made during the billing cycle?

    Second, the moment that “bonus” money (windfall, unexpected) comes in, apply it to the debt first! This is very important. Windfall money must not be spent frivolously, ignoring your debt. Don’t respond like a child. Respond as a responsible adult, making the right decisions rather than according to how you feel.

    Third, STICK TO THE BUDGET. And, BELIEVE in tomorrow. You can believe in tomorrow when you manage your money. But, if you treat your money according to your feelings and luck, don’t … Read the rest

  • Personal Finance

    Basic Financial Planning

    1. Know your financial needs, priorities, goals, etc: What do you wish to achieve in your life, from a financial perspective? Is there a realistic way, to do so, by using personal discipline, and a focused approach/ plan? Will you begin financial planning, for your present, and future needs? What will you do, to plan, for your children’s educational costs? How about your retirement? Many give up, because they feel, they do not have the ability to achieve these objectives, but, most people do, if they plan, far enough ahead, and discipline themselves, consistently. After all, you pay many bills, every month, including your mortgage/ rent, utilities, and other current needs, so wouldn’t it make sense, to proceed, with the discipline and attitude, to pay yourself, first?
    2. Periodic payments/ installments; dollar – cost averaging: For the average person, the best way, to attain and maintain, a significant, diversified portfolio, is to
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  • Debt

    Get Debt Free by Writing Online

    Search engines judge a website based mostly on its content, and the content of those linking in. Audiences are built on the strength of that content, and expect to get regular updates with more fresh and useful articles, blog posts or newsletters. This has made many businesses unable or unwilling to cope, and as such they need others to write high quality content in plain English for them.

    You can approach those businesses directly, but if you are starting up your best option is using third party websites that act as a middleman, guarantee payment and protect both buyers and sellers from unscrupulous scammers. If you are looking to write in English sites such as oDesk or Elance offer projects, Fiverr allows you to place an article writing gig paying you $4 and Textbroker has a steady stream of requests directly from website owners at varying prices depending on your … Read the rest

  • Debt

    Debt Management Mistakes

    Mistakes People Make

    When you’re burdened with multiple debts, it’s easy to lose track and end up not paying on time, thereby attracting late payment fees and perhaps even eventual debt recovery process. You might not only miss out on interest free periods, but also end up paying hundreds of dollars a month for late fees.

    Another mistake people make is that they make only the minimum payment to cover the interest amount without thinking about ways to clear off the principal.

    People try to avoid banks, especially if they are sure they won’t be able to meet a repayment schedule – that’s unfortunate because communicating with the bank might actually help you to defer payments or save you from late fee charges.

    When people opt for consolidation, they may forget to close their high risk personal loans which would still attract charges even if they’ve moved it to … Read the rest