Improve Your Finances With These Quick Tips

8020795567 82702ee231 m Improve Your Finances With These Quick Tips

Sadly, many folks don’t know how to manage their money. Most times, this is due to the fact that they’re not well-informed when it comes to the subject. Read this article to start learning more about personal finances and save money every month.

Thrift shopping is not for the financially challenged like it once was! They often times have many quality items like name-brand clothes, furniture and top selling books. Children also enjoy going to these places to search for new clothes and shoes that they find interesting. When going shopping, arrive as early as you can to the store to get the best deals.

Always know when it’s time to file taxes on your income with the IRS. If you will be receiving a refund, file early to receive your money more quickly. However if you owe the IRS money, it is best to file near the due date.

TIP! Reduce any purchases of bottled water during your college career. They are too expensive and water is generally free from the tap.

Pay attention to trends when investing in forex. Keep on top of things so you can buy at a lower price and sell high. It is usually a bad idea to sell when a currency is experiencing a trend, whether it is an upswing or a downswing. If you are going to buy or sell before a trend has completed, you should have a clear reason for doing so.

Try saving on bedding by buying pillows, covers, and sheets at a nearby bargain store. This will save money over time and you will still get something new. Doing some research prior to making purchases like this can help you improve your financial situation.

No matter how hard you plan, you may face financial difficulties some day. It is always a smart idea to learn when your late fees start, as well as how many days past the due date you are allowed. Before signing a lease, make sure you are aware of your options.

If you do not like the hassle of balancing your checkbook manually, you can easily do all the work online. Popular websites and software programs make it simple and efficient to categorize expenses, calculate interest, track cash flows, and create a detailed, reasonable monthly budget and savings plan.

TIP! Consider your many complicated feelings about money. Take into consideration the different choices and try to improve your decision-making with your finances.

Create a budget and stay with it. While you might believe that your spending is under control, you may find that you are outspending your means. Write down all the purchases that you make, even if they may seem small. Review your budget at month’s end. By doing this, you will know where you need to cut costs.

As you can see by now, lots of people have trouble managing their finances. Hopefully, you will not be in that group after having read the advice from this article. Using the tips you just read will not only improve your financial situation, but your stress level, as well.

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Avoid Home Repossession

Safe as Houses

Home is where the heart is…  Home is where we feel most comfortable and most protected.  It’s worth nurturing and worth protecting our homes.

It’s a sad situation when people are faced with having their homes repossessed.  This is the ‘rock bottom’ of financial distress.  Because it’s not just a house that is taken away, it’s a home.

There are thousands of people who have lost their homes as a result of the economic recession in South Africa.  Don’t become another statistic and take action, right now – today.  If you are in trouble with your bank because you cannot meet the repayment agreements of your bond, please contact us immediately.

Currently the financial lending system that South African banks follow is under a huge amount of scrutiny.   The New Economic Rights Alliance would like the money-lending system to be declared as unlawful.  They want ABSA, Standard Bank, FNB, Nedbank, as well as the Reserve Bank to be investigated for unlawful home repossession.

But be that as it may, such a case against these major lending institutions can take a long time to be finalised.  This means that if you cannot afford to pay your bond, you need to take action immediately to start negotiating with your bank.

There are more than 12 million accounts nationwide that are behind with monthly payment installments.  This according to the Consumer Credit Market and Credit Bureau Monitor who have confirmed that over 9 million consumers have negative credit records as a result of late payments or skipping payment altogether.  The National Credit Act’s Debt Review process is to date the only successful debt relief programme in South Africa.  The application process is very simple and it is also free.  The only prerequisite for qualifying for debt review is that you are employed and that you will be able to have your salary restructured in a way whereby you have money left for living essentials at the end of each month.

Our company will be able to assist you from being evicted.  We can help home owners negotiate with the major banks to ensure that you are not evicted and that both you and the bank come to a payment agreement that is more suited to your particular financial ability.

The longer you wait, the more difficult it will be to open successful negotiations with the banks.  Contact us for an immediate free consult.   We have prevented many evictions and have negotiated payment terms successfully for many people.

We will take your financials under review and structure your finances accordingly to benefit the safe keeping of your home.  A mortgage is the only kind of ‘good debt’ that a person can have.  It is of utmost importance to protect your home, because in future it could become one of your greatest financial assets.

If you have already received a summons, we can defend you against your bank’s court repossession action.  We will present a new payment agreement to the court and ensure that you are awarded more time to catch up with installments in arrears.  With the right amount of support from us, and, discipline from your side, your mortgage payments can be secured within as little as a year.  It depends on your individual situation and your motivational drive for keeping your home.

The stressfulness of possibly losing one’s home is immense.   By placing yourself under debt review, you will have the ability to prevent losing your home.   Our debt review consultants will negotiate on your behalf with your bank, as well as with other lending institutions that you may owe money to.  The crucial thing here is to take action as soon as possible.  Please contact us immediately for a free consultation to determine if you would quality for debt review.  Our debt counselors are highly skilled negotiators and will be able to start the mediation process with your bank.

We will also give you sound advice for restructuring your finances in such a way that will allow you to reduce your overall debt.  If you want to find out more about how the debt review process work, and how we can assist you to keep your home, make contact with us please.

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Reliable Personal Finance Help You Can Use Today

6736184859 f7dcc30a36 m Reliable Personal Finance Help You Can Use Today

Are you drowning in debt? Are you spending more money than you can afford to? Whatever may be the cause of your money problems, you really need to take steps towards getting your financial situation back to where it should be. In the following paragraphs you will learn how to save more effectively so you can have better control of your finances.

Look at the fees before you invest your money. Long term investing brokers charge fees for their services. The fees you incur affect your total returns. You want to stay away from funds that charge a lot for account management as well as brokers that take excessive commissions.

Don’t take out huge amounts on student loan debt without being in a position to repay it. If you attend a private school without a dedicated career or major in mind, you could find yourself in some heavy debt.

TIP! Even with careful financial planning, a budgeting crisis still can occur. It is always a smart idea to learn when your late fees start, as well as how many days past the due date you are allowed.

For a better understanding of where your hard earned money is going, keep a journal of your daily purchases. Make sure, however, that you do not tuck your notebook away and forget about it. Try listing your expenditures on a large whiteboard in your office or bedroom instead. This way you will be confronted with it often, and the message will stay in your mind.

Not all types of debt are bad. Some debt, like taking out a loan on a home, can be an excellent investment. Real estate is good because, for the most part, they increase in value over time and the loan interest is tax deductible. A college loan is also considered good debt. The typical student loan has a very low interest rate and is not required to be repaid until a student has graduated. These generally offer low interest rates and postponed repayment periods that do not occur until graduation has passed.

To guarantee that you are not late on any payments have them withdrawn from your checking account automatically. If you pay on credit card bills every month by the due date, you build up a good credit rating even though you are not paying the balances off in full. If you sign up for automatic debits, you will have no concerns about payments being late. You can always pay a little extra if you like.

When choosing a broker, you need to pick someone who is trustworthy. Never deal with a broker who is less than completely honest and forthcoming with you, and look for sterling references from other clients. It is also important to be sensible, and have the experience to know when something is not quite right.

TIP! If you haven’t opened an FSA yet, do so now. This money is transferred to an account before taxes are taken out.

Consider getting a savings account to put money aside every month. If you do this, you can use your own money to cushion against unforeseen financial problems without having to take out a loan. Even small deposits on a monthly basis will help your savings grow, and your nest egg increase.

Credit Cards

Instead of the debit card, use credit cards. You can use your credit cards on daily purchases, like food or gas. Some credit cards offer incentives for purchasing things, such as gas and travel expenses.

Perhaps the most effective way to avoid jeopardizing your current financial situation is to avoid incurring credit card debt. Before you buy anything with your credit card, ask yourself a few questions. Think about the time it will take you to pay it off. Can you do without it? If so, pass. If you can’t pay it in a month, pass.

TIP! Learn financial lessons from your past mistakes. Learn from those mistakes and the trouble it caused you.

Your credit score might even go down as you work to increase it. Don’t panic if you notice a slight drop in your score. As you continue adding positive items to your credit history, your score will increase.

Although it takes some foresight and a willingness to sacrifice convenience, you’ll find it does save you money to make use of only the ATMs operated by your bank or other financial institution. Most financial institutions charge fees for using ATMs at other banks. These fees can quickly add up.

Buy your covers, pillows and sheets at bargain stores to save money on bedding costs. You can purchase well made items at a lower cost and save yourself valuable time as well. Evaluate your purchases so you can make better financial decisions.

An old laptop can be turned into some extra money for one trying to supplement their personal finances. If it’s working or it can be fixed then it can go for a little more money than broken ones do. This is a much better alternative to running up interest on your credit cards.

Taking Care

Don’t try to save money by skimping on home or vehicle maintenance. You might come across a costly issue you could have avoided by taking care of your car or your home regularly. By taking care of items that are working, you can actually end up saving a lot of expenses in the future.

If you want your property to stay under control, pay attention to your cash flow. Track the money you spend and the money you bring in, and review how your property is performing each month. Keep a firmly established property budget as your guideline.

It’s important that you save right away, so that you can manage your finances well. Stop putting saving off, it needs to be a top priority. Your attitude towards saving should be the same as paying a bill. Think of it as a requirement. The more you save, the more financial security you will have.

TIP! A savings account full of liquid assets is a boon to anyone. Although interest rates are relatively low on straight savings accounts, it is still important to search around for the highest interest rate on a savings account that you can find.

It is common to feel our of place if your finances are not going well. However, with just a bit of effort and will, you can get yourself back on stable footing. Use this article to make better decisions about your finances. After a while, you won’t have to stress about money anymore.

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Where Is Your Money Going? Tips To Help You Keep Track

America sometimes seems like it knows nothing about personal finance. This article is filed of advice that should help you secure your financial position. You can make some money on the side and learn to make your money last in this article.

Almost all coupons that you can find in magazines and newspapers are now available online. There are also additional coupons that you can not find anywhere else. If you want to save money and be in a better financial state, online coupons can save you a lot of money.

No matter how bad things get for you, you should not be willing to risk your retirement to get out of a situation. There are lots of options available to help get your finances in order. If you risk your future security to solve your present problems, that is not a good choice.

TIP! Debt should be your last resort, because debt can lead to poor personal finances. Some debt will be unavoidable, like student loans and mortgages, but credit card debt should be avoided like the plague.

Buy a store brand rather than a name brand. A lot of the costs associated with national brands go to funding the advertisements for their products. Buying cheaper, generic brands will save you a lot of money. There’s seldom any difference when it comes to taste, quality or performance.

Small daily savings will quickly add up. Instead of overpaying for groceries every single week, use coupons, shop around and find the best deals. Do not hesitate to take advantage of what is on sale.

Though it may seem counter-intuitive, purchasing a home can result in significant financial savings. Owning a home does involve paying a mortgage and home maintenance costs, but the key difference between owning and renting is that when you own, you are building equity. If you rent, you are just spending money on a home you’ll never own.

Make sure to check your portfolio on a yearly basis. Doing so will realign your investments to fit your goals. Rebalancing your portfolio also helps you in your attempts to buying low and sell high.

TIP! Before you can fully repair your ailing credit, you must first pay off existing debts. You must cut back on your spending, save some money and pay off your loan and credit card debts.

Keep a mini-envelope with you when you go out. Use the envelope to stash receipts, business cards, and other small pieces of paper you want to save. It’s important to keep these things for future reference. It may be helpful to use them when going over your credit card statement every month, especially if you are charged for something twice.

Remember to review your bank statement when it arrives each month. This will help you see if any of the fees or rates have gone up. Too many people let such changes pass by them unnoticed, and they wind up losing money without knowing it. Read each statement for that reason.

To keep your financial situation in good shape, resist the urge to take out too much debt. If you’re getting more credit given to you than what you need you’re going to see this reflected in your credit history. This will make interest rates in the future go up.

Do not take large amounts of loans unless you know that you could pay it back. Going to expensive private schools when you are unsure of what major to take could cause you a lot in the long run.

TIP! If you do not like the hassle of balancing your checkbook manually, you can easily do all the work online. There are programs for the computer that can make it easy to put your expenses into a category, track where your money goes, and then use it to make a budget.

Most products come with a guaranteed warranty that covers them for a certain period of time. You will not gain anything for accepting an extended warranty, however, the business offering it till.

You can buy many foods in bulk and save money. Protein may be bought as a half side of beef which you place in the freezer, or large quantities of poultry or fish that are frozen and individually wrapped. Buying products in larger quantities is almost always cheaper than the smaller counterparts. Save time and energy by dedicating one day to cooking meals for the week utilizing your bulk meat purchase.

Set up a plan that automatically saves your money with your bank to ensure that a portion of your cash is sent into a savings account every single month via your checking account. This method makes it easier to increase your savings over time. Saving up for a vacation is another great way for you to develop the proper saving habits.

Write down each cent you spend for an extended amount of time. This should give you a good idea of what you need to do to save money; perhaps some regular expenses are not really necessary.

TIP! While it isn’t as convenient, only using your bank or credit union’s ATM machines can help you save a lot of money. Financial institutions like banks often charge high transaction fees when people use other ATMs, and those fees can be very expensive.

The ability to save money is central to any successful personal financial plan. Stop procrastinating when it comes to saving. Make a habit of reserving a particular sum of money for your savings each month. You will be able to build a fund in case of emergency, or to achieve your goals in the long term such as getting a house.

Extra Money

You could have the money automatically sent to your savings so that you do not have to make the decision. This extra money can protect you from all sorts of disasters, including unemployment and medical problems. The direct deposit makes it so that the extra money is “out of sight, out of mind” until you need it.

Your FICO score is affected greatly by credit card balances. A higher balance translates to a lower score. When you have less of a balance, you will have a better score. Make an effort to have the card balance at no more than 20 percent.

TIP! Thinking about replacing your linens? Check out a discount retailer for bargains on bedding, bath towels and other textiles. This will allow you to save money and time throughout the year and still has the same quality as expensive brands.

If your paycheck is entirely spent before the end of the week, you will want to decrease your discretionary spending. For instance, it could be hard to stop eating out. You can still enjoy eating out and save quite a bit of money by changing your habits to eat out half as much as you used to.

Credit Score

If you need a mortgage, aim for a 740 credit score. More advantageous interest rates are available to borrowers with scores at this level. If necessary, do what you can to elevate your credit score. Applying for a large loan, such as a mortgage, should be put off until you have improved your credit rating.

Your expenses should be categorized. List your fixed expenses like your rent or mortgage in one category and the variable expenses into a separate category. Adhering to your budget will be easier when you do this. You will have a clear idea of how much you absolutely need to spend every month, and how much you could be saving.

TIP! Try to pay off credit card debt as soon as you can. You are wasting a lot of money on interest rates and perhaps late fees if you use credit cards.

Now that you have more knowledge about what to do with your money, you need to take some action, so you do not waste everything that you have worked for. Always try to save as much as you can using a safe but profitable venue.

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Start Living Below Your Means

This year, is all about bouncing back from difficult financial times.   The economic downturn is something that has affected all South Africans.  From the very rich to the very poor, all of us were affected by the recession on some level.  Some, more so than others.  A small comfort can be found in this fact, because at least you are not alone.

During 2013 we can focus on finding a new financial balance.  The most logical way to do this is to start living below our means.  Living below our means may seem like an impossible concept, because we all know that often even basic living expenses are difficult to cover.  However, there are definitely ways that any person can cut down on spending and start living below our means.

Here are some great tips to get Started

It all starts with a mindset change.

Being rich is not about owning the best car or the biggest house.  Being rich is about being a good provider for yourself and your family in terms of basic needs.

If your family is well nurtured with healthy food, a warm bed and of course lots of love, everything else is a bonus, not a necessity.  So start with working on your mindset about wealth, and financial balance will flow naturally from there.

Once your mindset is tuned to financial balance, you can apply yourself through simple and practical ways to live below your means.

The big, bad, boot of bags…  There is a big difference between grocery shopping and shopping for the sake of burning money.  The easiest way to save money in this area, is to avoid shopping malls altogether.  At least until you are financially back on your feet again.   If you want to connect with your friends, don’t do it at a shopping mall!

Look after your health…  By eating healthily, following a basic exercise routine, and getting plenty of rest, you will be able to save thousands and thousands of Rands over a lifetime.  Do yourself a favour and go through the medicine cabinet in your home to determine how much money you have wasted in the last few years, by not taking care of your health.  The irony is that the medicine is only half used and collecting dust in the cupboard.

Use the internet wisely…  The internet, our modern best friend, can benefit our lives in many ways.  But let’s face it – we know when we are just wasting precious time (and bandwidth) by surfing the net for the next best thing to entertain us.

Entertainment…  We all need to unwind after all!   This is how we rejuvenate ourselves from work pressure and stress in general.  Have you ever considered the many ways that you can cut down on your entertainment costs?  And through very obvious ways!  Here is an obvious one – next time you feel like watching a DVD, why don’t you borrow one from a friend or from your family?

No more junk food, EVER…  Unless you are in a financial position that allows for a lifestyle of junk food or pricey restaurants, stop eating junk food immediately.  Walk to the fridge right now and throw away every single junk food menu that is in your face before even having the chance to open your fridge door!  Cook your own healthy meals to taste and flavour – it will be so much cheaper and so much more rewarding.

And your last tip for today:

Get a pair of scissors…  The scissors is for cutting up any and all credit cards.  This one hardly needs any explanation.  Credit card debt, be it classical credit cards, clothing credit cards or décor credit cards – is literally the death of your financial independence.  You already know this, so take that 1st step and cut up those cards.  Only ever spend cash or with a debit card.

These are only a few valid ways to curb unnecessary spending.  Always keep an eye on our website for more interesting and practical ways to save your money.  We wish you all of the best with your financial wellbeing and encourage you to contact us with any questions!

For more financial advice, contact us today.

Below is a good video from Suze Orman

Here is another great video on living below your means:

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