Budget Snob

Tips on Sticking with Your Budget

by

There are times when major expenses cannot be avoided. You may want to reward yourself with a new car, go on a vacation or buy a bigger house. Your first impulse might be to take out a loan to pay for this; but, it that the wise thing to do? If you have developed the habit of monitoring how much money you make monthly and how much you spend on your expenses, you will know much you can put aside for future expenses.

At the end of the day, creating a budget and sticking to it is the best way to manage your finances.… Read the rest

Personal Finance Advice That Takes Only Minutes To Read, But Will Help For Years To Come

by

Do you desire to make life-long financial changes for the better? This is something you can do, but you must invest some research time. There is thankfully a ton of advice to been had here in this article.

Paying off any credit cards that have high interest rates should be your priority as you seek to pay down your debt. While you may personally prefer to pay all your debts at the same rate, zeroing in on those with high interest rates benefits you in the end. This is very important, since credit rates are expected to rise soon.

From every check, take out savings first.… Read the rest

Financial Spread Betting is a Unique Investment

by

Financial spread betting is a unique investment, and one that is heavily employed in the United Kingdom.  Most investors are used to the typical price point of an investment.  Meaning, they invest a certain amount of money initially, and when they cash out their investment, they expect that future price point to be much higher.  Essentially that is your reward for the opportunity loss of capital tied up within an investment.  However, spread betting derives its profits from the difference between the two price points, rather than the prices themselves. 

It is important to understand though that spread betting can be both an attractive investment, and one that has its risks as well. … Read the rest

Personal Finance for Young Professionals

by

Investing to improve your personal finance can be a particularly tricky situation and there are different roads to achieve this common goal. It is entirely dependent on you to decide how you want to save your money, but we will surely lead you to get the best routes!

Investment market is the best way to save some money as well as discover some returns. Many young professionals think of the present only and fritter away money in chase of happiness now. However, what they forget that the infinite future lays ahead when they would also need to meet other commitments in life.… Read the rest

Some Myths on Personal Finance

by

The best way to increase your financial stability is by doing a thorough evaluation of your savings and spending. This way you will be able to find out how you may save on your existing earning so that you may have better funding in your account. Here, are some of the common myths that you get to learn along with the rational basis or even lack of it in them.

Myth 1# Investing in stocks and mutual funds is truly necessary

Most people will inform you to invest in stocks and mutual funds. However, if you have to invest do so after appropriate assessment of your financial position.… Read the rest