tips for using a budget to attain debt reliefIf you are to take up a debt relief program, you will definitely need to make use of a budget. A budget is one sure way to achieve your debt relief program goals because it is a plan that will map out the day to day habits that will help you achieve financial freedom.

Since your initial budget is a plan of your intentions and goals based on current circumstances, it will naturally have to be adapted to new circumstances without having necessarily to change your goals.

If you can keep track of the reasons why budgets don’t work for most people, you will be in a better position to make a more refined budget that is easier to follow.

Below are 4 ways that most people fail to maintain a budget that they can follow:

1. Give yourself time to adjust to your budget

Since by the time you are making your budget you have probably not been monitoring your income and expenses, it will be difficult to pinpoint exact numbers that relate to your day to day or periodic expenses.

You need to set a reasonable financial target and then try to adjust and refine your expenses to fit in with your goal. This can often take a period of up to 3 months. Don’t quit on your budget too early.
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Bond Buying Basics For Newbies

by Leon on March 30, 2015

learn about bondsWhen buying bonds, you want to be sure that you know exactly what you are doing. If you aren’t sure what you are doing, you may want to go back to the drawing board and learn more about purchasing and investing in bonds. Not only do you want to know what a bond is – you also want to know why a bond is important and why it can be such a good investment. Plus, you will want to know how to purchase and invest your money in bonds. Indeed, it is not a simple process, so you want to make sure you are comfortable before you buy. Here are some bond buying basics for newbies.

Learn what a bond is.

A bond is basically a surety license that is granted when you purchase the bond. The money essentially goes to some kind of municipality or government agency. The bond is basically a ticket that says that you will be paid back when you turn in the bond. If you wait a few years, the bond could be worth a lot of money as interest accrues.
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6 Unusual Ways To Save Money

by Guest on March 25, 2015

unusual ways to save moneyTake care of your pennies, and pounds will take care of themselves.  – an English proverb.

Over more than 3 years of freelancing, I’ve learned that saving money is essential to getting a sense of security. Below you will find a list of money-saving tactics, which have helped me and which I hope will help you improve your financial situation. They are all simple, and, if combined together, they can save you quite a bit of money already today.

#1. Create a Bank of Discounts.

There’s a lot of power in unity. So how can you capitalize on this truth and join forces to save? One of the ways is to ask your colleagues or friends what discount cards they have and invite them to share. You can create a simple Google Docs document with the cards you all have and share it among yourselves. This way, everyone will have a lot of discounts at once. Such a “bank of discounts” has worked wonders for me.
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The Impact Of Inflation On Your Finances

by Leon on March 20, 2015

impact of inflationMost of us have heard our grandparents grouse about the high cost of goods these days. We’ve all heard phrases like this one: “In my day a cup of coffee was five cents!” Now we pay as much as $5 for our daily cup o’ joe at Starbucks. Of course, an argument could be made that your Grande Mocha Frappuccino should cost more than a plain cup of coffee, what with all the milk, sugar, and other ingredients added in. But even that plain old coffee will cost you more than $2 today at Starbucks, a pretty big increase from 1950 (when the price of a cup of coffee rose from one nickel to two at automats). And we have inflation to thank for these increases in the cost of goods and services over time. In case you hadn’t noticed, inflation occurs without fail. And it can have a major impact on your finances.
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how debt consolidation can helpYes, Debt Consolidation Can Save You Money. Here’s how…

But I’m in debt

It can sound pretty incredulous to hear that you can save money when you’re already in trouble financially, and you are directing all your resources towards digging yourself out of that deep hole of debt. I admit, I also didn’t think it was possible. But there is a way you can save money while paying off your debts.

Have you heard about debt consolidation?

Well, even if you haven’t, the term is rather self-defining: you are simply consolidating all your multiple debts into one large debt. This may be done through what is commonly referred to as credit card balance transfers. You move all your balances to one low rate credit card and pay off that one card. You can learn more about this by clicking here.
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structured settlementIf you’ve heard the term “structured settlement” before and you’ve always been curious about what it is, basically it’s an amount of money that’s awarded to someone who has experienced a personal injury. Only, rather than getting a large sum all at once, they are given regular tax-free payments over a certain amount of years.

The reason why some people opt to sell their structured settlement is because sometimes their monthly amount is not enough to cover a bill or expense. When that’s the case, they tend to use the following five steps to get more money from the settlement into their hands:

Do some research on structured settlements. When an individual is thinking about selling their structured settlement, the first thing that they tend to do is read as much as possible on the topic. Thankfully, there is a lot of information online that can help you to better understand the pros and cons that come with making this kind of financial decision. One of the websites that offers this kind of information is StructuredSettlement-Quotes. Go to the site and put “pros and cons when you sell structured settlements” in the search field. If you also have any additional questions, it’s always a good idea to speak with an attorney, too.
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Think Positively About Your Finances

by Pam on March 10, 2015

positive thinking and personal financeWritten more than five decades ago, Norman Vincent Peale’s book The Power of Positive Thinking contains wisdom that can still be applied in our lives today. The book contains many stories and illustrations of how people’s lives dramatically improved after they changed their way of thinking. Rather than giving in to the struggles in life, these people overcame their issues through faith and changing their frame of mind.

You get what you expect.

According to the author, “It is a well-defined and authentic principle that what the mind profoundly expects it tends to receive.” In other words, if you think you are going to fail, you likely will. The good news is that if you believe that you will succeed, you likely will.

Your thinking affects your whole life.

The way we think about ourselves and the world will determine how well we perform in life. Whether we realize it or not, it is our attitude towards life which is far more important than our circumstances. You may be struggling financially and think it will never end, but don’t give up hope. Instead, believe that you will find a way to get back on your feet again.
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