Browsing Tag

personal finance

Debt

A Starter Guide To Surviving A Personal Financial Crash

There are certain things we all need, in order to live. In order of priority, they are oxygen, water, food, sleep, and heat. Some people will argue as to whether there is anything else to add to the list. However, these are the things without which the human body cannot function. Without other things, life may be difficult but can be survived.

On the other hand, nobody wants just to survive, and so there is another level of priority below this. Without the above, we cannot live. Without the things on this lower level, we cannot live comfortably. It features things such as a roof over our heads, healthcare, and security.

Continue Reading

General

Options For Spending Your Savings Wisely

Getting to grips with your finances is never easy. There are so many ways to organize your money now. It can be hard to know which method to choose. Knowing that your money is in a safe place can come as a great relief, but that’s not all your need to worry about. You need to consider, too, how you would like to spend that money. It’s not as easy as just handing the cash over anymorel. Now you have options. Get to grips with them and spend your money in the best way for you!

Continue Reading

General

How To Break The Paycheck To Paycheck Cycle

Okay, so you have graduated from college, you landed a good job, and you are ready to start your own life now. But, the problem is, you are already living paycheck to paycheck.  While you are no longer in college, you may still feel like you are living the life of a struggling college student and this is quite disappointing. You were ready to kiss that life goodbye and finally be able to live the way you want. Unfortunately, it did not happen that way. But, luckily for you, this article will help you break that horrible paycheck-to-paycheck cycle.

What Is This Paycheck-to-Paycheck Life?
The paycheck-to-paycheck life is one where you are waiting to receive your next paycheck or deposit to make financial moves in your life such as buying groceries or paying a bill that is due. This type of lifestyle can be depressing for many and cause a lot of anxiety and stress, especially if you know that you will run out of food or a bill comes due BEFORE your expected paycheck or deposit.

Continue Reading

General

Must-Follow Financial Advice For When You Turn 40

financial tips for when you turn 40When you turn forty, it’s the beginning of a new life. You are probably halfway through your career, and may have children to think about and plan for. Which is why it is so important to make yourself aware of where all of your money is going.

You should have some savings and pension plans in place already, but don’t worry too much if you haven’t. There’s still plenty of time – although the sooner you get started, the better. Let’s take a look at your primary financial concerns that you need to consider when you hit forty.

Pay Off Your Bad Debts

No matter how brilliant your investments and savings are performing, if you haven’t paid off your bad debts, they will cost you more money. Why? Because invariably, bad debts have high-interest rates, and these are likely to be far higher than any interest you are making on your savings. Make sure that all bad debts are cleared before you hit forty, and you will still have enough time to make your savings work better for you.

Continue Reading

General

The Impact Of Inflation On Your Finances

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.

Continue Reading