A Personal finance blog for saving money and earning more and thus having a better life
Gimmicks usually go hand-in-hand with ‘get rich quick’ schemes. A gimmick itself is not a bad thing. It simply refers to a trend where someone has made a lot of money and everyone else wants to imitate them. Sometimes they work, but most of the time not.
The new year is here, make your personal finance one of your new year’s resolution. Resolute to make your finances better this year. If you’re wondering how, this article might help you. You may be already financially very secure, but it can be more secure. On the other hand, if you’re already struggling with your finances then there are plenty you can do this year.
Being financially secure is a goal most of us would like to achieve. Having debts that we need to pay back, bills that are due, and savings that are small can make our future seem a little unstable, and this, in turn, can cause some unwanted extra stress. To help you out, there are a few things that you can do in this coming year that will help you to be more financially secure, and they are listed below.
I learned early in life that spending less than you earn, paying yourself first, and investing for the long term can pay huge dividends over time. But I never really followed a budget, and only recently decided I needed to implement one.
During this process, I discovered that there are a few simple things you can do once a year or so, and a few simple things you can do every day that will help you control spending without the complexity of a traditional budget. The key comes from periodically identifying areas where you can eliminate or trim expenses, and implementing a plan to help you control spending in the comparatively few areas where your day-to-day choices make a difference.
In today’s technological age, mobile apps for people who are mindful of their finances are becoming increasingly popular. Wielding an iPhone, an iPad, or wearing an Apple Watch seems to be a prerequisite for monitoring finances and business related activities. There are many apps, but which ones are the top and the best ones?
I use PersonalCapital app, which gives all account information on one screen. It shows me my net worth whenever I wish and as many times I wish. It shows how much my cash flow is and how much I spent more compared to last month. It also tells me which investment is performing poorly. Just to name a few of the capabilities of today’s apps. The following apps make it easy to keep track of business and finances.
I will take it for granted that the savvy readers of this blog are motivated money-savers. The folks here are the types who want to take charge of their financial life one cent at a time with a clear goal in mind. So perhaps my message today is just preaching to the choir; Nevertheless, it never ceases to amaze me what excuses people will give for leaving hard-earned money on the table.
Let’s take that health Flexible Spending Account, for example. You know, the one that is offered by your employer, which allows you to put away some of your pre-tax earnings to spend on eligible health-related products and services?
Financial gurus often caution against racking up unnecessary debt and encourage paying off current debt quickly. If you follow this advice, you are probably someone who has debt under control and treads carefully when considering new debt.
People talk of good debt and bad debt and some strongly feel that there is no such thing as good debt. Whichever argument you lean toward, there is no mistaking that sometimes debt is inevitable, and sometimes it may even be a good idea.
According to a survey conducted by CreditCard.Com, more than a third of Americans incurred debt over the holiday season. I have always said that you will have more money if you are earning interest on it instead of paying interest to someone else, but I had to learn that lesson the hard way because I left the military after 12 years of service with over $32,000 in credit card debt.
The sad part is that I did not accumulate that debt because of a medical emergency or because I lost a job. I was in the military and my housing was paid for, my food was paid for, the Army provided me with a uniform, and my dental and medical were free.
Balancing your professional and personal life isn’t an easy task to deal with given that stress is a primary factor in the development of various health problems. Luckily, this can be effectively eliminated through correct workspace organization.
For a fact, it does not need to take days to organize your home office. You can actually do it in less time. Of course, to do so, you’ve got to consider some useful guides on how to rearrange things and transform your office into a very comfortable and efficient workspace.
So you are looking to expand your business but you just don’t have the financial capital to do so? Well, maybe you don’t need to go out and search for loans or other financial assistance. Perhaps you can just use this money saving tips in order to squeeze a bit of extra financial juice out of what you already have.
I run two blogs, including this, as a side business. I earn a decent income from them, after paying taxes I am left with enough extra money to pay the monthly mortgage with additional principle. There’s almost no expense apart from the hosting fee and email software fee. I run the businesses with just above $40 a month.
