Here’s a riddle for you; When is a money saving habit not a good habit? Answer: When it actually cost you more money than it saves you. All right, we admit that our riddle possibly wasn’t the most original or even fun riddle ever but it does apply to a lot of consumers. While most of us know that if you buy something cheap it’s probably going to break and need to be replaced quicker, there are some frugal habits that people have that actually aren’t all that frugal or all that good for your finances.… Read the rest
Managing your finances can be tricky. Many people have never really got to grips with effective budgeting and sorting their cashflow so everything is always paid on time, and some end up in quite difficult situations with their money.
Below are some top tips for better money management, so read on to learn how to get your finances in better shape.
Keep spendings below earnings
Sounds simple, but most people spend more than they earn from their job thanks to credit cards, loans and overdrafts. There is nothing inherently bad about these things, but they should be used sparingly and wisely.… Read the rest
Hello and welcome back for Part 2 of our 2 part blog series on the best tips for increasing your Social Security payments. In Part 1 we went over quite a few different tips that you can use to make sure that your Social Security check will be as high as possible and that you get the most benefit out of all those years you put in the workforce. Part 2 is more of the same and should help you to maximize your checks and minimize any chance that Uncle Sam takes too much. Enjoy.
Just like practically any income that you’ll make as an American today, your Social Security checks are taxable if you make too much income during your retirement years.… Read the rest
Okay, let’s all take a minute and honestly look at where Social Security is going. Chances are that, if you are in your 30s or 40s, it might not even be around by the time you retire. Don’t get us wrong, we certainly hope that it is, but the fact is that it’s getting decimated every year and our lovely federal government is doing to decimating. Hopefully this will change but, frankly, not going to hold our collective breath.
Now that we’ve got that little bit of negativity out of the way we like to share with you some of the best ways that we know of to increase your retirement payments from Social Security as best as you can.… Read the rest
Welcome back to the Snobbish Roundup. We highlight the best blogs of the week, along with the generous carnivals inclusions as well.
Thanks to the carnivals below for liking us enough to include our posts:
Carnival of MoneyPros hosted by Rather Be Shopping
Yakezie Carnival hosted by Frugal Rules
Finance Carnival For Young Adults hosted by Mom And Dad Money
Check out Life and my Finances for advice on shortening your term loan. I recently went from a 20 year mortgage to a 30 year mortgage…probably not my finest moment, but with interest rates coming down, I actually think lengthening your term loan might be best.… Read the rest