A Personal finance blog for saving money and earning more and thus having a better life
It never hurts to find ways to earn more money for the future. Check out these 8 investing tips for beginners and start bringing in more each year. The average American is saving less money than ever before. As a percentage of their income, it’s down to 2.4%.
With such little capital to work with, many people choose to avoid investing altogether and either ignore their impending retirement or work well into it to make up for the difference.
Budgeting might not sound like your idea of a fun time, but it’s a sound strategy for getting more out of your money. If you want to stop wasting your cash and start saving more for the things that matter, then budgeting is a great way to get started. The only trouble is that most people don’t know how to create a budget, to begin with.
There are reasons why personal budgets often fail. I wrote about it in the past. Considers not doing the common mistakes people often do. cause once or twice your budget fails and are demotivated to follow it all together. As the budget is the most effective tool for having your finances in order. We write about it very often.
If you’ve asked the question, “What is my home worth?” only to end up disappointed, you should know that studies have revealed going green is a great way to boost its value, not to mention making a significant difference in lessening your impact on the environment.
You don’t have to go all out, spending thousands of dollars on solar panels and all new appliances. In fact, even if you’re on a tight budget there are lots of cheap, easy changes you can make for a more eco-friendly home.
Black Friday is just around the corner and most consumers are beyond excited to be able to get a hold of unique discounts and perhaps score some expensive items in a really good deal.
Discounts might sound extremely appealing when you are not swimming in cash, but it is especially when you are in a financially precarious position that you should be extra careful with how you spend your money.
The sooner you start saving, the better. It’s never too early (or too late) to start. The teen years are the perfect time to pick up smart saving habits to become financially independent sooner.
While your friends may be out spending money on clothes and other impulse purchases, you’ll be well ahead of the game if you start making smarter purchasing decisions now and start saving.
If someone had told me seven years ago that I’d be debt free by now, my first reaction would be to laugh in his or her face and then beg them to let me in on their secrets and tell me how this would ever be a humanly possible feat. I had just bought a sweet brand new vehicle (hello, car payments) and had moved to Vancouver, the most expensive city in Canada.
I bought the SUV before moving and believed I needed it, as I wasn’t comfortable driving hunk-of-junk cars anymore that would break down at the drop of a hat, in minus 40-degree Celsius weather, on the side of an ice-encrusted skating rink of a highway.
Student loans are one of the most difficult loans to pay off. When people take out student loans for college, they usually have no idea how much they’re going to have to pay back when they’re finished. The money adds up fast and often ends up being far more than they can afford after school is finished. If you have found yourself drowning in unanticipated student loan debt, you need to know some tips for paying back your student loans without going broke.
If the total amount of your loan is the issue and not your monthly payment, paying back a larger amount every month is the best way for you to pay back your loans. Interest on a loan is what ends up costing people. When you pay your mortgage, a car payment, or anything else you have financed, the majority of your payment goes to the financing and a small portion goes to the principal.
Whenever you pay more than your minimum monthly payment, all of the extra money goes toward the principal. For example. If your payments are $400 per month, but you decide to pay $700 per month, that is $300 each month going toward the principal, drastically cutting down time and money off of your loan. You can take months or even years off of a loan by making extra payments.
