Definitely one of the most dreaded phone calls you can ever receive is the one from a credit collection company telling you one of your debts is very much past due and that you need to ‘make some arrangement to pay it as soon as possible’. Not good, to say the least. Whether it’s your overdue student loans, unpaid medical debt or a credit card that got away from you, it’s a phone call that leaves you feeling vulnerable and a bit like a loser.… Read the rest
We’ve all heard that making a budget is one of the best ways to curb spending and start saving, but one thing is usually overlooked; how to stay on a budget. The fact is, anyone can say that they have a budget but, if you don’t stick to it, you won’t get anywhere and will basically be in the same place you started, which is in debt with little or no savings.
With that in mind here are a few tools and tips for staying on that budget you set for yourself.
Tip 1- Put money aside each month as if your savings account is another one of your monthly bills.… Read the rest
Are you looking for an adequate investment vehicle in order to support your long-term financial goals, or perhaps retirement? With the economy, and specifically the housing market at low, coupled with historically low interest rates, this could be the best time ever to buy a home! Not only that, this may be the best time ever to buy an investment property as well. The upfront monies required to buy a turn-key property are significantly lower than in years past, and while banks are acquiring the necessary capital to invest, credit is becoming increasingly more available to everyone. I’ve actually been giving consideration to renting out my current home and purchasing a new one next year as well, so this is a hot button topic for me personally. … Read the rest
Household financial issues can be a real source of stress for many people. It seems that some people have a knack for keeping their’s in order, while others tend to struggle. If we know how to keep our finances in order, it will make things much easier! Read this article to find new ways to enhance your financial management skills.
The effort it takes to categorize your spending is well worth it. Put all your necessary expenses in one section and your unnecessary expenses in another. Adhering to your budget will be easier when you do this. Being able to see how much you’ll need to spend makes it easier to plan your budget accordingly.… Read the rest
You never want to waste all the hard-earned money that you have earned in your lifetime. Find out how you can save money by investing part of your income and cutting down on your daily expenses. You don’t really want to ask people you know, because you might come off as irresponsible, even though they are probably going through the same thing to. By reading this article, you will find yourself feeling more secure and informed about your financial situation.
Instead of buying a lot of expensive Christmas presents, why not make your own by hand? This will lessen the amount you spend shopping and can help you save a lot of money during the holidays.… Read the rest