Babysitting is a very easy to make some extra cash when you are in need. If you have a young neighbor or young brother or sister you can probably make about $15 an hour to watch them for short periods of time. Offer to watch your friends kids so they can go out on a date, it is fairly easy to find a kid who needs a babysitter.
- Return Past Purchases
Recently bought some electronic or got a crappy gift and still have the receipt? There’s a good chance that you can take the product back to the store you purchased it at and get that money back for yourself. A very easy way to get some extra cash for yourself.
- Recycle Scrap Metal
Have a car? You can go around your town during trash day and take scrap metal from people’s trash, like copper piping, and sell the metals to scrap metal yards. A very easy way to make some cash today and it offers a great opportunity to make a lot of it.
- Sell Roadside Items
You can buy a $5 30 pack of water and sell the bottles for a dollar
The way most online identity thieves acquire your private information is by making fake wi-fi hotspots or creating dummy shopping sites. When you are online shopping, make sure that you know the site, know the server and make sure the site looks real. Is there comments, reviews, photos of the products? Do they have a secure log-in space with functions to weed out automated bots? Is there a “Contact Us” section? Are there other reviews of the site online that you could be looking through? These are a few of the things you can look out for before you enter in all your payment information. In addition, do not log-in to a wi-fi network that you don’t know. If you are at public place using their wi-fi, make sure your firewall is in place and do not go shopping or pay bills while on a public server.
Shredding Sensitive Documents
Another way frauds get a hold of your financial information is by going through your trash. Yes, all those bank statements and credit card bills that you throw away without a second thought, people can go through your garbage, collect these documents and
Monthly budgets are meant to be monitored. It is important to know where your money is going and to be aware of the balance throughout the month. Too many overdraft charges eat away at income because an individual ‘though’ that they had enough money in the bank to cover the bill. These types of charges are often caused by the lack of financial awareness. Along with this charge, a merchant whose payment did not go through will also charge their own fee. Late fees and NSF fees only add to the cost of a money mistake. Anytime you can avoid these types of fees, the better off you will be. Avoid embarrassment with businesses and prevent future repercussions by maintaining enough money in your account to cover approved payments.
Some people use online direct payday lenders to keep fees out of their bank accounts. The simple transaction of getting extra money into the bank in order to cover scheduled or emergency costs is cost effective when the loan is paid quickly. The key to a short-term loan’s effectiveness relies on being able to pay back the lender on time. Look closely at the next paycheck and what
- List your income and expenses. List where the income and expenses come from, whether the expenses are fixed or variable, and what expenses you know will be coming up in the future. This will give you an overview of what you have to work with.
- Create a Wants and Needs list. Please ensure you know what the differences between the two are because they can easily be mistaken when we really want something. For example, that cup of Starbucks coffee every morning is really a want… the first step to recovery is admitting you have a problem. I gave up my Starbucks addiction because I realized I was spending nearly $100 (give or take a few days) a month there. That’s $100 that can be better spent on things I need, like new shoes for my kids, food for my animals, laundry soap, etc.
- Get rid of the credit cards. They are evil, horrible things that try to rule our lives. If you can’t purchase something with cash, then save up for it, but please, please, please don’t put it on credit! Ask anyone who has credit cards… it’s a black hole that you continuously drop money into every month.
Money market accounts are usually subject to higher interest rates. This means that you get more for doing essentially the same thing as keeping your money in a classic savings account. This is because money market accounts are pooled in a different fund used by investors to produce higher profits. This more aggressive form of investing can potentially open up to loss of funds, but this is highly unlikely and has never actually occurred. With the risk being this low, the higher interest rates are widely accepted as a smart trade off.
Access to Funds
Another benefit is that you have more access to the money you deposit into it. Unlike a savings account where you may withdraw a maximum of three times per month, you are allowed to withdraw or transfer out six timers per billing statement. Additionally, most banks will allow you the option to write checks directly from it. Even better, many banks will also allow you to pair a debit card with the account for easier withdrawals and spending. This allows for greater flexibility than a standard savings account.
As mentioned above, these accounts have never lost
Figures from the Tax Policy Center say if your annual household income is $107,628, you are in the top 20% of income earners. If you exceed $148,687, you are in the top 10%. The top 5% earn over $208,810. And if your household income is over $521,411, congratulations. You are one of those “1% ers” and likely demonized by those who view hard work and risk-taking as a matter of luck or good genes. However, like a company, your personal balance sheet should be the determining factor. If you make $200,000 a year it does you no good if you’re spending $210,000.
You may in fact just appear rich instead of actually being rich.
Take for example the recent news about NBA legend Alan Iverson. Shockingly, a man who before age 35 had amassed a fortune more than the average person will see in a lifetime had blown it all. To quote from the article: “Iverson blew through his money at an alarming rate on gaudy jewelry, expensive cars, and other frivolous purchases. In 2012, a Georgia judge garnished his wages to satisfy a $859,896.46 debt to a jeweler.”
Huh? Almost a million dollars to a single jeweler! Here is a
Interest on auto loans is known to vary as much as 10 percent. Finance companies often charge much higher rates than banks and credit unions. Credit cards and department store accounts can be insidious ways of incurring additional debt. That is, unless you use them properly.
In regards to challenging your every belief, it is a fact of the modern financial system that loans generally incur higher interest rates. For example, let’s say Ford Motor Company goes to your bank. The company pays interest that is a fraction over the prime rate, which is the lowest rate banks charge their favorite customers. You, for sure, are paying several points over the prime.
You may not be able to change the fact the bank gives Ford a better interest rate than it gives you. But you can control, to some degree, the interest rate you pay based on the amount of money you borrow.
Look at the interest schedules on your credit card bills. You will see information that tells you something like this: On the balance up to $2,000, the finance charge is 18 percent annually, while on the balance over $2,000, you pay 12
Sometimes scams are initiated with an email or a phone call, or even an advertisement in the newspaper, offering commission for work with minimal risk. All that is required from the prospect is a laptop, an internet connection and a few hours every week. It might be pitched like an opportunity to work from home or flexible working.
You will be asked to either deposit money to receive initial working kit or receive a hefty payment into your bank account, then redistribute the money overseas (laundering). Whilst the fraudsters may convince you that money is being used for legitimate purposes such as trading shares abroad, or helping a charity distribute funds – you need to be vigilant. Or you could find yourself unwittingly funding criminals or converting someone’s black money into legitimate funds. Further, once you are lured into this by commission, scammers may also try to access your bank account, using the details you have given them.
Don’t respond to such advertisements or give your bank details to strangers. Ever.
This scam usually happens during the holiday season. Consumers receive special promotion or gift card emails that look
The neatest thing to do would be to locate the top banks that can be in your area. Call all of them up and request some information from them. Ask them what type of fees they’ve, if they’ve online banking, and what kind of interest levels they give out to those who might want to take out a loan with them.
The more information you possess the better you will be capable of make a choice on who you should be working with. When unsure you should also sit down and speak with friends and family on the bank they are utilizing. Get a thought of what type of transactions they have had and how easy it was to work with them.
You might need to look for a bank that is not going to charge you a lot of money in order for it to keep a savings account wide open with them. You also want to be sure that they have an abundance of ATMs across the city and they don’t charge an increased fee so as to use them. Most won’t charge anything when you are a member with them.
What can you do to make your life more successful despite money problems? First off, the last thing you want to do is ignore your debt. It is very important to at least make the minimum payments so you keep that part of your credit score on target. Find a way to reach a balance in your budget. Harmonize what you think say and do for your finances. Once you create goals and objectives to correct problems, it is important to focus your money management around them. You’ll see the balance come in small increments.
It takes courage to make hard decisions. Some folks find that the only way to balance the budget is to downsize their home or vehicle. Change is hard enough, but these are big ones. You have to take the challenge head on no matter how uncomfortable it makes your present life. Minimizing income output is your goal so do what it takes to make it happen.
During financial hardships of any size, relationships often get the brunt of frustrations and discouragement. If you are struggling to break bad spending habits or to get out of a reliance on direct payday lender