Why Examining Your Debt Load Is A Good Idea

by Pam on February 10, 2017

Take your “financial temperature”

Every once in a while, it is a good idea to take a closer look at your current debt situation.  That way you can take the temperature, so to speak, of your current financial situation.  A good place to start is to create a list with all your existing loans/debts and beside each to write the current interest rate, balance outstanding, and current payment arrangements, if any.

You may be surprised at how much debt you have taken on without your noticing it piling up.  By checking in once in a while, you will be better equipped to handle your debt before it becomes too burdensome.
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5 Steps To Take Before You Retire

by Pam on February 10, 2017

1.    Practice Your Retirement

This may seem silly. You are probably thinking: why would I need to practice for retirement? Well just like any major life change this will be an adjustment for you. One of the biggest complaints that retirees have is that they didn’t realize how hard it is to have so much free time. The transition from working to not working will be a shock to the system if you don’t ease yourself into it.
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Essentials You Need To Work In The UK

by Pam on February 10, 2017

UK jobs

A lot of people have a dream to work in the UK, as it offers a wonderful opportunity for career growth, and a lucrative salary in most of the sectors. As a result, many foreign youths visit the UK in order to find a prestigious job, in order to get a ladder for proper carrier growth. If you are dreaming of working in the UK, or you already have a job lined up in the UK, it’s a good idea to clear up any uncertainties regarding documentation, etc. as early as possible so that you don’t face any problems or obstacles at the last minute.
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What’s the most difficult part of buying a house? If you ask most people, probably the deposit. The deposit is the big chunk of cash that you have to save up to convince the bank that you’re really serious about buying a house and that you’re willing to risk your own money in the process.

The good news is that the housing market has rebounded sharply in the last few years, thanks to the improving job situation as well as the growth in the global economy. But for people wanting to buy a house, this has meant rising deposits. Currently, the average home price is standing at around $200,000, perhaps a touch over. With most mortgage brokers asking for a 5 percent deposit, that means that families have to pay out around $10,000 to secure their new house and a mortgage. For many families, that’s a lot of money to have to save up, especially those on modest incomes.
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Insurance Coverage Every Family Needs

by Pam on February 8, 2017

If you’re a parent or a homeowner, you drive a car, or you’re trying to plan ahead for the future, you should never underestimate the importance of insurance. Insurance policies are a means of protecting yourself, your loved ones, and your assets. If you don’t already have these forms of cover in place, it’s a good idea to start shopping around for the best deals.

Home insurance

If you’re a homeowner, it’s incredibly risky not to have insurance. Home insurance plans offer protection against damage to your property, which may be caused by adverse weather conditions or thieves, for example. The price you pay for a policy will often depend on the value of your home, where you live, and the level of coverage. The more comprehensive the policy, the higher the premium. If you live in an area prone to flooding or storms, you may find it beneficial to add extra coverage for flood or hurricane damage.
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Building your own home is an exciting endeavor and it will require a great deal of planning and wise decision-making before you can get started.  Below are some things you will want to consider before going ahead with your big project.

  • How much house do you need?

Being that this is a blog geared towards making wise financial decisions, the very first thing that comes to mind when thinking about building a home is considering what size of home is actually needed.  These days it seems that everyone wants to have this gigantic home – but do you really need it?  And do you really want to clean it, or can you afford a housekeeper?
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How To Prepare Your Home To Sell Quicker

by Pam on February 2, 2017

When selling your home, the most important aspect is preparing your home for potential buyers, or people viewing the property. This will not only make sure your property is sold quicker, but can possibly add much more value.

If you do manage to sell your property, for more than you originally thought, this will enable you to buy a new house easier. However, when moving into your new house it is also important to figure out your finances first and you should calculate mortgage payment with taxes and insurance before you move into your new home.
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