Budget Snob

How to Borrow Without the Sorrow

by

Keeping control over your finances can be difficult, especially in these economically challenging times. There will inevitably be a point in your life where you may need to borrow money to make important payments, so being properly educated and equipped to make the right call is therefore hugely important.  Here is some advice for those considering borrowing money.

Avoid wasting assets

You should try to avoid borrowing money to buy things that will not produce any income or worse, drain your income. Wasting assets can be anything from holidays to a new car; they are an unnecessary cost that should never be borrowed for to attain.… Read the rest

The Basics Of Good Personal Finance Management

by

Personal finance isn’t simply about money. Indeed, basic logic and reason play large roles. Wisely managing your finances is a behavior that must be learned, often times, the hard way. Consider this advice and start to make positive changes to the way you handle your finances and you are going to discover that you are starting to lead a less stressful and happier life.

Generally avoiding debt can be the best way to be in control of your personal finances. Loans are unavoidable for the big purchases in your life, like autos and houses. But, in your everyday life, you should avoid paying with credit at all costs.… Read the rest

Why You Need to Consider Making a Will

by

Nobody relishes the thought of dying, especially when it could be unexpected.  But that doesn’t change reality, and unfortunately anything is possible.  Now, I am an unmarried man, for the next month anyways.  I never really put any thought into whether or not it would benefit me to make a will.  I always just filled out the direct beneficiary forms on the paperwork for my benefits.  However, now that I am going to be getting married soon it is only right to start considering different possibilities.  After all, it isn’t long until I’ll have children to worry about as well.

A will is little more than a document stating the transfer of your property upon your death. … Read the rest

What to Know When Buying Furniture

by

It’s been over two years since I purchased my home.  I figured after the hefty down payment and associated closing costs that all of my big ticket items were out of the way.  That couldn’t have been further from the truth.  I came from several years of renting apartments and houses with several different friends.  Each of us brought our own bedroom furniture, and a compilation of used tables, chairs, and couches that didn’t come close to matching each other.  Once I bought my house I realized just how empty it all was.  I went from sharing 1600 square feet of living space with three guys, to having over 2300 square feet all to myself. … 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