Archives for March 2014

Ten Money-Wasting Blunders to Avoid when Buying a Car

March 28, 2014 7 Comments

Buyer’s remorse is unfortunately one of those sinking feelings that most of us have had at one time or another. The worst case I’ve experienced was when I purchased a Chinese water dragon from a pet shop at the age of 13 on a whim. It was when I got home that I came to the realization that I was not only expected to feed it live crickets and mice, but that it would someday grow to be three feet long. That was some serious buyer’s remorse!

This doesn’t hold a candle to the types of mistakes we can make as adults, however, particularly with big-ticket items like properties and cars. If you’re in the market for a new vehicle, you’ll want to avoid the following common mistakes which could lead to you driving away with a bum deal.

How a Structured Settlement is the Best Outcome?

March 26, 2014 2 Comments

Well, it might be possible that the only exposure you have with structured settlement is the TV ad hawking immediate access to your money. There may be many instances where you will be repeatedly told that it is your money, and that you should have quick access to it. You will be told to cash in your structured settlement and get all the money immediately.

Remember all Bad Financial Decisions for Taxes

March 24, 2014 1 Comment

I often mention about my biggest financial mistake till date, it was buying shares of a falling company while knowing it was too big to fail. When the company went in to bankruptcy, I lost a huge sum of money. That was the bad part. A not-so-bad part was the tax write-offs I claimed for next few years on that loss. This article is to remind you making note of all financial losses in 2013 and use them to lower tax burden.

If you haven’t done so, now is the time to file our annual tax return. There are two very important aspects you should understand before submitting your return this year.

Top 10 Ways to Save Money on Food Bill

March 17, 2014 9 Comments

This aspect I touched in my epic post 101 ways to save money briefly. There are tons of ways to save money on grocery bill. When I last examined, our grocery bill is the second most expensive item after rent for us. We are two people family and we eat out very rarely. of course the best way to save money on food is to cook it at home and take the left over for lunch.

Here’s some things that SMB(my wife) and I often do and are effective for keeping costs down while not neglecting yourself good quality whole foods:

3 Financial Decisions you Should Avoid

March 14, 2014 5 Comments

A lot of us have made some pretty horrific decisions in the past. Making mistakes is generally thought to be a part of the learning curve; when people make bad decisions, they get a first-hand experience of where they could have acted a bit more prudently. For example, we often find ourselves subscribing for a gym membership when the treadmill at home has been gathering dust for a long time.

That impulsive purchase of the new smartphone with your credit card when you are already struggling to pay the minimum is another example of a bad financial decision. In fact, a relatively new branch of study known as Behavioral Economics is looking at how humans, who in classical economics are termed as rational, end up making such irrational decisions! Well, the good thing about any bad decision is that you can learn from it and vow to not repeat it in future.

Despite burning their hands by making poor financial decisions, some people still end up making one bad decision after another as if their brain has somehow been hardwired to function this way only.

Finding the Positive Side in Bad Financial Situations

March 11, 2014 2 Comments

People with corporate jobs are more theoretical. We try to energize workforce with theories of productivity, we try to form tomorrow’s leaders with theories of leadership. One of the top leadership theories is “failures are stepping-stones to success”. It does apply to everything we do in our daily life., finances included. The only thing good about failures is the lessons we learn from them. Make your financial set backs a great learning and don’t repeat the same mistake again. Enjoy this guest post from Natalie.

I like to think of myself as a pretty positive person. I like to count my blessings. I like to say my good affirmations at least once a day. I really try to associate myself with other upbeat people that have good attitude. All these things have been known to contribute to better moods and improved self-worth but sometimes life really knocks us down. These are the situations that challenge us the most. When it comes to finances, it hits you hard!

5 Things to Look for When Comparing Homeloan Options

March 4, 2014 1 Comment

I’ll probably soon be in market for home loans. Making myself prepared for the intricacies of mortgage. This will be our biggest ever financial decision. Want to venture in to it slowly to avoid hasty decision. I have written about some of my finding in tips for buying home and first things to consider while looking for home.

Purchasing your own home may be the biggest expense you will ever make. If you have saved for a deposit and have your finances under control, the next step is to look for the right home loan for you. Many lenders will offer you many different options. Check them all out but go for a trustworthy lender with a good reputation.

Archives for March 2014

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