You Are Browsing ‘Saving & Spending’ Category

If you think that the only thing that can save you from the burden of debt is filing for bankruptcy, you are wrong. Debt settlement is another option that lets you eliminate debt quickly. However, you first need to understand the difference between debt settlement and bankruptcy. Debt settlement This option can help you to eliminate your debts by paying less money than you owe. With the help of a debt settlement company, you will be able to negotiate lower payoff amounts with your creditors. By paying a single bill to a debt settlement...

Millions of American default on their monthly car payments every single year. If you think you may be headed in this direction, an ill-used option that can save a negative hit to your credit history is to simply refinance the loan to lower the payments to a more manageable level. So, under what conditions can you refinance a car loan with bad credit? It happens when there’s a lot of money left to be paid on the outstanding principal, you expect hardship to be forthcoming, or you expect to need to drive that same car for several more...

What’s one of the ways you can make a profit on physical assets, without having to wait for the market value to go up? Improving on something you’ve bought, of course. People make money from buying things that look a little worse for wear and doing them up so that they’re worth more than they paid. Of course, the initial cost and the price of improving on the asset together have to be less than what you sell the final product for. Some things are better for this kind of “flipping” than others. Property is...

When you have a loan from the bank, or just borrowing money on a credit card, then the best way to use them is make sure that you are paying as little interest as possible. For a bank loan, there will be a certain amount of interest that gets paid, and it will have been agreed at the time of the loan application. For things like credit cards, the interest rates can be exceedingly high. So the best thing to do is to make sure that you aren’t paying anything extra. Why are you paying more for something when you don’t really need to?...

Picture by Pexels If you have had several years of financial misfortune recently, it’s likely that your credit score isn’t very good and, if you’re looking for a loan, to buy a house or are in need of a credit card you are likely to be rejected. Of course, this now means that you will be looking to repair your history of bad credit, but what steps do you need to take to do this? Audit your credit report It’s frustrating enough that you have to pay for the financial mistakes you have made, let alone being penalised for ones you...

When you get married, the number one thing that you’re thinking about is your future. You’re making a future with the love of your life, you’re excited to start something real with them – but you also need to be practical and think about your financial situation. Here are some tips to help… Talk About Your Goals First of all, it’s important that you talk about all your goals with your partner. Not only do you need to consider matters of your relationship like how many kids you want to have and where you want to live...

Image Source When you first begin a business, there is an inevitable stage where you invest some of your personal money into the enterprise. If you are opening up a large-scale business, you will usually be using some of your personal money as seed capital. You take a share of the ownership in exchange for control on the board of directors, for example. However, the line is usually clear between your personal financial stake and what the business owns and owes. It keeps things nice and simple. For those running a lifestyle business, the...

Photo Credit Financial independence is something that so many people strive for all their lives. However, sometimes it can feel like you are running on a treadmill, working hard but never getting to where you want to go. Ultimately, it is never something you are going to achieve overnight, but instead you need to put in a great deal of hard work and effort over a sustained period of time. It all depends how much you really want to achieve this goal and the sacrifices you are willing to make in order to get there. Rather than just using...

Image Source Insurance companies can help cover those unexpected emergency life costs. However, more often than not, the insurance companies get the better end of the deal by asking more money from us than they ever end up paying out. Fortunately, it is possible to play the insurance providers at their own game. Here are few ways that you can stop being ripped off by insurance companies and start taking back control. Make use of multi-policy discounts Some insurance providers will provide multiple policies for a discounted price. For...

In his book Habits of Highly Effective People, Stephen Covey argues that it is our personal habits that make us or break us. The book created quite a stir because it suggested that at the bottom of everything we are as people – and everything we achieve in the world – our daily habits, not our intelligence, is what makes us successful. The question, therefore, is what are the habits of people who are rich and how can we emulate them? It turns out that the most important thing is doing the right thing consistently. Good habits...