Are you serious about controlling your financial future and living the life of your dreams?
Then you are on the right place.
My name is Harold C. Douglas and I’m here to share my investment ideas with you.
In my long professional career as investment advisor, I was permanently looking for opportunities to diversify my clients portfolios.
I truly believe that proper diversification is the key to protect asset portfolios in the long run against downturns.
I’ve learned a lot in my many years in the markets and I want to give you some of that knowledge.
The information you, the visitor will receive here is current, thoroughly researched and factual to help you to make better decisions about your own role in investing. I will also help you learn and understand the ins and outs of different kinds of investment opportunities as well as strategies that will help you to manage it.
I do not like financial advisors who charge you 1-2% management fees while loosing your money. I do not like the hype “trading gurus” that run informercials and spam your email box. If anyone could make 50% per month like they claim they would be running the largest Hedge Fund on the planet and making billions in performance fees, not charging you.
If you are kind of person who enjoys the freedom that comes from taking responsibility for his own finances, or even if you’d like to, but aren’t sure that you are capable, please join me as I explain what is involved.
My motivation in writing is not about being a “published author” or “trading guru”. At my age I have nothing to prove, nor an ego to feed. My hope is to be able to give back a little to others my years of experience.
September 3, 2014 by Harold C. Douglas
Are you serious about controlling your financial future and living the life of your dreams?
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October 15, 2014 by Harold C. Douglas
You don’t have to be an expert to manage your money well. A bit of common sense combined with some proven techniques will let you save money while building wealth.
To be successful, you have to be good at managing money. You should invest your capital and protect your profits. Investing your current profits to grow them is a good idea, but you have to have good money management skills to make that work. Set a standard for what you keep as profit and what is reallocated into capital.
If the time doesn’t seem good, don’t sell. If a stock is making you money, and increasing in value, avoid selling it too soon. personal finance Consider any stocks that aren’t performing well, and think about moving them around instead.
It is important that you file your federal income taxes in a timely manner. To receive your tax refund as quickly as possible, you should file your income taxes early. If you owe the IRS money, file as close to April 15 (the due date) as you possibly can.
You can save money by eliminating fast food stops for convenience. Grocery shopping and cooking in your own kitchen will help your bottom line, and will also foster a love of making delicious food for your family.
Remember to save money before spending it. Somehow, there never seems to be anything left to save if you wait. If you know you the money is in savings, you will be less likely to try to spend it versus having the money in your account with the intention to save it and being unable to avoid the temptation.
If you do not want to hash out your monthly finances with pen, paper, and check register, take your budgeting and checkbook-balancing tasks 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.
Schedule a transfer from your checking account to a high interest plan so that part of your paycheck is put aside regularly. At first, this may be uncomfortable, but after a few months, you’ll treat it like another bill and your savings will grow to an impressive amount in no time.
Think carefully about your feelings toward money. Understanding your personal spending habits and the reason for these habits is the first step to transforming your personal finances. Analyse your perspective on material possessions and write down some thoughts on your attitude toward money. See if they are related to events in your past. This can help you feel more comfortable in your monetary decisions.
Watch for letters that tell you about changes in your credit accounts. They are required by law to contact you 45 days prior to any changes taking effect on your account. Read the disclosure of changes and see if the changes make it worth your while to maintain the account. If the changes are not to your advantage, pay off the balance and close the account.
If you have the ability to improve your home on your own, avoid paying a professional. Do-it-yourself courses are often offered by large home supply stores and there are some incredible online video tutorials for just about anything you need to do around your house.
Choosing a credit card that offers rewards can be a smart financial move. If you always make your payments on time and pay the full balance, you may be the ideal candidate. Many of these cards offer benefits like cash back, free merchandise or airline miles in exchange for using the card to make purchases. Look for cards that offer appealing rewards and see what works best for your own financial situation.
From what you have learned above, it is definitely possible for anyone to live a financially prudent lifestyle and even increase their personal wealth. Use your head and remember these tips so you can follow a budget and decrease your debt.
October 15, 2014 by Harold C. Douglas
Well-organized personal finances are crucial for achieving milestones, like buying a house or a new car, and they also influence our access to luxuries like vacations. Check out this article for some helpful tips on improving your personal finance management skills.
There is no get-rich-quick scheme that actually delivers. This is something that Internet marketers often fall victim to. The majority of your money should be spent making more money, not on learning how to make more money.
When actively investing in forex, you should pay close attention to the current market trends. If you do not stay current with the market, you will not know when to buy low or 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. You must be very clear in your goals when you do not ride a trend out completely.
Keeping a written notebook on your daily expenses can be a real eye-opener into where your money is going. If you put your notes in an obscure location, though, it may be too easy to forget about it. This is why you should install a white board into your bedroom, kitchen, or even your office so that you can write out your expenses. It will be front and center during your daily activities and hard to avoid.
Buying your lean protein in bulk will allow you to save time and money. As long as nothing is going to go to waste, it is always more economical to purchase products in bulk. Take some time out of one day and cook the whole batch of meat and make your meals for the week so that you time and money.
Expensive products usually come with a limited warranty that covers them for 90 days to a year. An extended warranty is just a way to make more money.
You should give careful thought to exactly when you want to send your income tax return to the IRS. If you’re expecting to get a refund, you’ll want to file your return as early as possible in order to get access to your money. However, if you are expecting to owe money, you should wait to file until near the due date, which is April 15th.
Speak with your bank about setting up a savings account where a certain portion of funds transfer over to it from the checking account each month. This technique works very well if you want to save a little every month. This may also help you with having money for large events, like vacations or a wedding.
The two biggest purchases you make are likely to be your home and car. A large portion of your budget will likely be devoted towards interest and payments for these items. Repay them faster by making an additional payment every year or applying tax refunds to the balances.
Your credit score may drop as you try to improve your credit. This doesn’t mean you’re doing something wrong. If you keep up on your credit report your score will go up!
Instead of using a nearly maxed out credit card, try using a couple credit cards. You will pay less interest on two payments than one maxed out card. This can serve as a great technique towards improving your credit score in the long run.
If you are organized with your finances in the here and now, you will be able to save for bigger purchases that you want to make later on. This article can help you be ready to make smart decisions with your money.
October 13, 2014 by Harold C. Douglas
You must try to be as careful as possible with your hard earned money. You may not go to website know what the right choice for saving may be, either. You are hesitant to ask your friends for advice so that you do not seem irresponsible or ignorant, though they may be having similar problems. In this article, you will find the answers you need to properly manage your finances.
Don’t fall for moneymaking scams that sound too good to be true. Most of these products are scams. While it’s important to increase your knowledge, rather than spending a lot of money, learn more through actually working.
When you are investing in the Forex market watch the trends. It is very important to remain informed so that you can always buy low and sell high. Do not sell anything on a swing that is high or one that is low. If you aren’t going to ride out a trend, you need to have clear objectives.
To improve your personal finances, stop paying the retail price on your purchases. Don’t feel like you need to be loyal to specific brands, and concentrate on buying only when you have a coupon handy. As an example, if Tide has normally been your detergent of choice, but Gain has a $3 off coupon available, choose the money savings.
No credit repair company can guarantee 100% success in repairing your history. Such a practice is absolutely illegal, and these companies are likely to run off with your money before doing anything to help you with your credit score. This isn’t accurate since there is no similarity to how your credit score is affected to how another deals with credit issues. Not one person or company can promise a favorable outcome and to say differently is fraudulent.
If you buy your protein sources in bulk, you can save hundreds over the course of a year. If you plan to use all you buy, the best way to save is by bulk purchases. A lot of time can be saved by cooking a week’s worth of meals all at once.
Most new products already come with a 90 day or one year warranty, and if your item is going to mess-up, it probably will within that time frame. Usually, extended warranties are of no use to you.
Form strong plans and always stick with them to ensure your finances fall into their needed place. Sticking to a set of objectives is a great way to stay on track and remain within your budget.
Try not to max out a credit card; instead, spread purchases among two cards. Multiple card interest should be lower than paying back the maxed out one. This can help you build your score and not hurt it if you manage your credit lines the right way.
Once you’ve read this article, you should start understanding the information that’s been provided and soon you will be able to fully take care of your own finances. If you read something that did not make sense to you, spend some extra time looking into it more until you full understand the concept.
October 13, 2014 by Harold C. Douglas
Personal finance is a stressful subject. With a little knowledge, though, it does not have to be overwhelming. This article will give you some great tips on how to better manage your money.
Keep informed of world events so you are on top of any changes to the global market. Citizens of many nations tend to ignore what goes on outside their borders, but this is disastrous if they trade currencies. The more you know about the world around you, the better prepared you will be to make informed decisions regarding investments and the market.
When you are investing in the Forex market watch the trends. Always be informed, this way you know when is the best time to buy low and when to sell high. Avoid selling on down and upswings. Typically, you should wait until a trend settles unless you have a specific goal in mind.
To make your financial life better, don’t pay full price. Don’t feel like you need to be loyal to specific brands, and concentrate on buying only when you have a coupon handy. If you’re used to buying one kind of detergent but now you have a coupon that saves money on a different brand, go with this other product.
It may be helpful to keep a small envelope in your purse or bag whenever you go shopping. Put every business card or receipt you receive into this envelope. You want to hold on to these so you have a record later. Try comparing credit card statements to see if they contain double charges.
If you want to save money and time consider purchasing lean protein in very large quantities. As long as you can use up what you buy, purchasing in bulk will be cheaper. You will save time and money by cooking many meals at one time. Choose dishes that freeze well and you can have dinner ready for a week!
Look at the fees before you invest your money. Brokers that deal with long term investments charge fees for using their services. When you calculate your potential profits, these charges should be part of your equation. You want to stay away from funds that charge a lot for account management as well as brokers that take excessive commissions.
File your taxes as soon as possible to abide by the IRS’s regulations. You should aim to file as early as possible in order to get your refund faster if you think you will be getting one. If you owe money, it may be wiser to file your taxes just before the due date in April.
Use from two to four credit cards to gain a good credit score. Using one card can take a while to improve your credit, while using over four cards can represent a lack of being able to manage finances effectively. Start with two cards and build your credit by adding new cards when needed.
If you’ve read this article, you already know that personal finance is a stressful subject. You can relieve a bit of that stress by learning what you can do to improve your personal finances. The article you just read should make it easier for you to deal effectively with your money matters.
October 12, 2014 by Harold C. Douglas
The way you earn money will affect all facets of your life. You must take control of your finances to be successful in life. The following tips will help you manage your finances with as little frustration as possible.
Stay abreast of what’s going on in the global markets. Americans tend to ignore news from outside the U.S. but this is a mistake when trading currencies. When you know what is happening around the world, you can make better decisions.
When actively investing in forex, you should pay close attention to the current market trends. It is very important to remain informed so that you can always buy low and sell high. Don’t sell on a downswing or an upswing ever. If you don’t ride a trend to the end, you should reevaluate your goals.
Do not fall for scams promising you a better credit score by changing your report. These claims are made by many companies in the credit industry. They can’t fulfill such claims, because credit problems are individual. Guaranteeing success is fraudulent.
Debt should be your last resort, because debt can lead to poor personal finances. Though certain debts are hard to avoid, including those for home and education expenses, it is important to stay away from incurring expensive, unnecessary debt such as credit card debt. The less you borrow, the more you save yourself from paying high interest and high fees.
Some fluctuations in credit scores are normal. It can happen and does not necessarily indicate that you are doing something wrong. Repairing bad credit to get your personal finances in order can be well worth the time and effort.
If you cannot pay a debt and have collection agencies contacting you, you should know that your debts expire after a period of time. Consult a credit expert about the statute of limitations on your debt. Avoid paying on old debts.
Replace older incandescent bulbs with high-efficiency CFL bulbs. This kind of bulb will help you reduce your electric bills significantly. The lifespan of CFL bulbs is much longer than the traditional bulbs. Over time you will save money by replacing the energy-efficient bulbs less often.
Your car is a very important purchase that you have to make during your life. To get the best deal on a car, it’s smart to check with all the auto dealers in your local area. If you aren’t finding deals you are satisfied with, try going online.
Letting your profits run is one key to success in Forex trading. However, as with all strategies, use this approach with restraint and wisdom. Knowing when to remove your money is important even when profits start rolling in.
Although you may have an intricate plan, over the years you may still run into financial issues. It helps to know how much the late fee is and how many days you can be late. Consider all your options before choosing a lease.
As stated above, they way you handle your money matters a lot in every facet of your life. Using these tips, you can move your life in a positive direction.
October 11, 2014 by Harold C. Douglas
Financial problems can be a major source of sadness or depression for many people. Do not become one of those individuals. No matter what your current financial picture is, there are steps you can take to improve your situation. Continue ahead, and get educated on making your financial situation much better.
A great way to get a handle on your financial health is to look for bargains and discounts whenever possible. Reconsider your brand loyalties, instead favoring products for which you have coupons. If you always buy Purina Cat Chow, but this week’s online coupons has a coupon for Fancy Feast, you might be able to get the Fancy Feast for less than the Cat Chow for once.
If you buy protein in large quantities, you will reduce both your bills and number of grocery trips. If you use everything you purchase, buying in bulk can be much cheaper. Take some time out of one day and cook the whole batch of meat and make your meals for the week so that you time and money.
When thinking about your personal finances, patience will save you money. It is quite tempting to run out and purchase the newest electronics on offer. This usually results in paying top dollar for an item, whereas if you waited just a little, you could have saved a lot. Having patience with electronics purchases can help you personal finance save a lot of money in the long run.
Help get your personal finances in order by getting a good health insurance policy. Everyone is going to face health problems. This is the main reason in which having a good health insurance plan in place is very important to your life. Doctor, hospital and prescription medication costs can total thousands upon thousands of dollars. That can leave an enormous hole in the pocket if you are without insurance.
Spread your purchases across several credit cards instead of using one that is nearing your credit balance limit. The payments on a maxed-out account is more than the combined interest of two cards with smaller balances. This should not hurt your credit score; you might even be able to increase it if you always pay your bills on time.
If you are unsuccessfully trying to pay off the balance on a credit card, refrain from making any new charges with it. Reduce your expenses as much as possible and find another method of payment, so that you do not max out your credit card. Pay off your credit card, and then pay it off in full each month if you start using it again.
When you travel by air frequently, be sure to be a member of some type of frequent flier program. It is not uncommon for credit card issuers to offer incentives like airline miles or valuable discounts. Frequent flier miles can also often be redeemed at a variety of hotels for free rooms or discounted stays.
You could give homemade presents for Christmas to save money. This can lower your visits to stores and save you hundreds during the holidays. You can also reduce costs and boost your net worth by being creative.
Make timely payments on utility bills. Even late utility bill payments can harm your credit scores. Additionally, many utilities are going to slap on a late fee that just costs you more of your money. Pay bills on time so you can avoid the headaches that arise when you pay late.
A member of your family who keeps an excellent budget, or happens to work in the finance industry, can be a great help when you need to learn how to budget your money. If one does not know any people who fit that description a family member of friend who is good with their money can often be the next best thing.
Now that you have a better idea of how to mange your personal finances, put this knowledge to work and enjoy the benefits. You likely have some good ideas about the steps that need to be taken to improve your financial situation. Now that you can be more optimistic about your financial future, perhaps you know someone else who can use these tips as well.
October 11, 2014 by Harold C. Douglas
Feel lost when it comes to dealing with your personal finances? You are not the only one. Even the most intelligent people can feel at a loss concerning financial matters because they are unaware of some basic information. The article below will help you learn how to deal with finances in many situations.
You should follow the trend. Always be informed, this way you know when is the best time to buy low and when to sell high. Don’t sell in a swinging market of any kind. You must be very clear in your goals when you do not ride a trend out completely.
To maintain control of your money, avoid incurring debt at all costs. Almost everyone has a home mortgage or loans for educational purposes, but every effort should be made to eliminate dangerous credit card debt. You will lose less money to interest and possible fees if you borrow less money.
You should give careful thought to exactly when you want to send your income tax return to the IRS. If you are anticipating a refund, then file as soon as possible. On the other hand, if you know you will have to pay the government additional to cover your taxes, filing as close to the last minute as possible is a good idea.
If you have a spouse, then see who has the better credit and use that to apply for loans. If you are suffering from a bad credit rating, understand that correcting this is a gradual process. You can share debt more equally with your spouse once you’ve improved your credit score.
Do not make charges on a credit card that you are having trouble paying off. Cut out unnecessary expenses and find an alternate means of payment to avoid going over your credit limit. Finish paying off your balance before using the card again, and then try to pay your credit card balance in full every month to avoid future troubles.
When collection agencies get involved in collecting a debt from you, be aware that they only have a limited amount of time to get it from you; otherwise, the debt can expire. Ask a financial expert to find out when the debt you owe will elapse and do not make a payment to a collection agenct if they are working to collect an old debt.
Spending money on dining out can help one to save money and gain control of their personal finances. Ingredients bought from a grocery store are quite cheap compared to meals bought at a restaurant, and cooking at home builds cooking skills, as well.
Credit cards can be a wonderful replacement for debit cards. Put routine purchases like gas and groceries on a credit card. You’ll earn points or cash back on those purchases when you use a rewards card.
Don’t waste money on lottery tickets. Put the money in your savings account instead. When you do that, that money will still be there when all is said and done.
A good way to keep your credit from being damaged by late payments is to set up an automatic bill payment with your debit account. This will ensure that your credit card bills get paid even if you forget.
Understanding your income and expenses can play a large role in maximizing your net worth. Monitor your expenses and income, and evaluate your property’s performance at least once a month. Be certain to have a firm budget for your property in order to use it as a guide.
To sum it up, many people are not properly dealing with their finances, which will lead to many problems in the future. You will not have to be one of the many if you stick to the tips in this article! Try using these tips to turn your finances around quickly.
October 10, 2014 by Harold C. Douglas
Knowing how to budget money and to spend wisely is vital to surviving in life. personal finance Grandma and grandpa didn’t have much money, so they learned to stretch what money they did have to the absolute limit and not waste money frivolously. It is very uncommon for new generations to live within their means. It’s important to be knowledgeable in money matters, in order to stay financially sound.
If the time isn’t right, try not to sell. If you own stocks that are earning fair sums of money, leave them be. Take a look at stocks that are performing less well, and think about making some changes with them.
One simple tip for saving money is to buy discounted items. Forget about your attachment to specific brands and instead buy what you have a coupon for. For example, you might consider switching from your regular brand and opting for a product that comes with a promotion or discount.
Consider your circumstances when filing your taxes. If you will be receiving a refund, file early to receive your money more quickly. On the other hand, if you know you will have to pay the government additional to cover your taxes, filing as close to the last minute as possible is a good idea.
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 great technique forces you to save a little money each month. This approach is ideal for anyone who expects to experience a special occasion in the near future.
Protect your finances by ensuring you have the proper medical insurance policy. Everyone will get ill at some point. Start with a good health insurance that corresponds to your needs. In quick order you can run up a huge amount debt with doctor and hospital bills. If you don’t have insurance, you will be responsible for the entirety of that bill.
When you’re having trouble getting rid of credit card debt, avoid adding new charges. Try to lower your expenses as best as you can and look for other payment methods, so that you don’t max your credit cards out. Pay off your credit card, and then pay it off in full each month if you start using it again.
If you have collection agencies coming after you, you should be aware that your debt will eventually expire after a certain amount of time if it is not collected. Ask someone when a debt can be erased and do not give a collector money for a very old debt.
Replace incandescent bulbs with more efficient compact fluorescent light bulbs. By replacing your bulbs, you will pay less on your electricity bills and be less of a burden to the environment. Compact florescent bulbs last a lot longer than their predecessor. Buying bulbs less frequently can help you save money.
Learning about finances is always a good move. If you can be aware of your money, where it is going and why, your life as a whole and financially will be simpler. By heeding this advice you will get the biggest bang for your buck while meeting all your financial expectations.
October 10, 2014 by Harold C. Douglas
A bad financial situation can ruin your life. Below are some tips to help you improve your finances.
Money management is key to success. Always protect profit as well as any invested capital. You can turn your profit to investments but make smart investments so that you see a return. Set a rule for what profits you keep and what profits go into capital.
Never trust a credit repair agency that guarantees your credit history can be improved successfully. A lot of companies don’t give all the information about their skills for repairing your history. This isn’t even possible, since every individual has different credit issues. Success cannot be guaranteed and any promise to repair your credit is a false one.
From every check, take out savings first. You will never have any money left for savings if you choose to wait to see what is left on the last day of the month. Once the money is put in a separate account, it reduces the temptation to spend, since you’ve compartmentalized it in a way that makes it psychologically ‘less available.’
You can avoid causing financial issues by staying out of credit card debt from the get go. Consider the consequences in full before making any purchases on credit. Before deciding to make a purchase using a credit card, you should consider the amount of time and the interest that will be charged if you complete the transaction. If you cannot pay a charge off within a month, you probably shouldn’t be purchasing the item of service, especially if it’s something you don’t truly need.
By knowing how much possessions are worth, it can prevent valuable possessions from being thrown out. There may be a hidden treasure in that inherited furniture or old dusty lamp that can add to ones overall net worth.
To guarantee that you are not late on any payments have them withdrawn from your checking account automatically. Even if your credit card balances have to be carried over monthly, making the minimum payments before the due dates gives your credit report positive data. With an automatic debit, you never have to worry about a late payment and you can always supplement the payment if you have extra cash.
Financial issues are always a risk, even for people who carefully plan and manage their money. Find out what late fees are charged, and how late you can pay your rent without getting into serious trouble. Before signing a long, one year lease, read the fine print.
To eliminate the most debt quickly, pay off credit card debt first. This means these high interest rates will not keep on adding up: this is a more efficient way of paying back your debt than paying off every account evenly. Credit card rates will just rise in the future, so it’s important to get them paid off soon.
Taking control of your finances can be an empowering choice. When you have your finances in tact, you will feel less stressed in general. When you are less stressed you will be able to think about other areas of your life rather than stressing about money.
October 9, 2014 by Harold C. Douglas
If you have a troubled financial situation which is giving you a big headache, then don’t worry! Simply read this article; you are going to learn how to improve your finances. Once you have the right tools and the right information, you can improve any financial situation.
Do not waste your money on projects that claim to make you rich overnight. A lot of aspiring online marketers fall prey to this trap. The majority of your money should be spent making more money, not on learning how to make more money.
Never believe that a credit repair organization can guarantee success in improving your history. A lot of agencies will make general claims about their capability in repairing your history. Remember that every credit situation is different, so there is no blanket cure. To guarantee success would be a fraud and no one should make this promise.
Do not take on debt when you are trying to balance your personal finances. Sometimes you can’t avoid debt (e.g. education loans, mortgages) however, you should avoid debt such as that created by credit cards, as it can be deadly. If you do not borrow any money, you will not have to pay any interests or fees.
If you are looking to improve your credit report, it is a good idea to have between two to four active credit cards. If you use one card, it could take longer to build your good credit score. Using four or more cards could indicated that you aren’t efficient at managing your finances. You should start by getting two credit cards and applying for a third or fourth one as needed.
It may be possible that your credit score will go down while you are trying to repair your credit. That doesn’t mean you’ve screwed up somewhere. Keep on working toward getting good things on your credit score, and your score will improve.
Find a checking account that is free. Certain institutions, like online banks or credit unions, provide free accounts.
If you want to avoid spending a lot on Christmas, try crafting some gifts. You can save a lot of time and money, not to mention the fact that you will be creating something from your own hands, which can mean more than a store bought gift. Think of creative ways to cut costs, and show your friends and family your artistic side.
Avoid disaster by saving money for emergencies before those emergencies happen. Saving for specific goals, like college, is the best way to prepare for expenses that you know will be in the future.
You must be sure to pay your utility bills promptly each month. If you pay late or miss payments, you may hurt your credit score. Not only this, but a lot of places will make you pay more. Late payments are not worth the additional fees and stress, so pay bill in a timely manner whenever possible.
Set up an automatic debit from your bank account to your credit card account to avoid missed payments. This way, you won’t forget to make your payment.
One good Forex trading tactic is letting your profits run. Use the tactic in moderation so that greed does not interfere. It is important not to push it too far and know when it is best to take your profits and stop trading.
Since you are more aware of how to cope with finances, money should not be such a big stressor. Use the tips from this article and do more research about the financial products you are interested in. This is just the start of a new, less stressful life. Your future possibilities are endless.
October 9, 2014 by Harold C. Douglas
Each and every aspect of a fulfilling life can be effected via your choices with money management; good or bad. You must take charge of your finances if you want to be in control. These tips give you a few ways to make your quest to effectively manage your personal finances a breeze.
Debt should be your last resort, because debt can lead to poor personal finances. Not all debt can be avoided. Try to avoid credit card debt. You won’t have to dedicate as much of your funds to paying interest and fees if you borrow less.
Having patience can be a good money-saver when it comes to shopping. Many twitter people buy the latest and greatest electronics as soon as they come out. If you wait, you could see their prices drop sharply, though. This, in turn, frees up additional cash that can be spent on other items.
Your home and your car will almost always be your biggest purchases. Payments and interest payments on those items are probably going to make up the bulk of your budget every month. Try to get the balance down by at least sending in one additional payment every year or applying some of your tax return money to the balance.
Prepare your personal finance with the right insurance policy. Everybody is going to get sick sometimes. Therefore, it is important to have good health insurance. Doctors and medical bills can climb into the tens and hundreds of thousands. This can ruin you financially if you don’t possess insurance.
If you want to have stability in your finances, open a high-yield savings account and keep putting money into it. If you do this, you can use your own money to cushion against unforeseen financial problems without having to take out a loan. Even if you can’t deposit a lot, you should still save up what you can.
Clearing your house of older, unused items is a great way to earn a bit of extra money. You could also consider selling some of your neighbors items for them and charge a nominal fee for your services. Using creativity, the possibilities are endless when it comes to garage sales.
When you travel by air frequently, be sure to be a member of some type of frequent flier program. Most credit cards have some sort of rewards program that allows you to redeem points for cash or gifts. The miles accrued through the frequent flier program can be used for free or discounted hotel rooms.
Try cutting costs of your Christmas bills by making presents where they fit in. You can end up saving a lot of money if you give people handmade gifts instead of store bought ones. Creativity can enable you to reduce your expenses and it can also increase your net worth.
The way you decide to manage your money plays a factor at all parts in your life. Fold this advice into your life and set yourself onto the path to becoming a financial wizard.
October 9, 2014 by Harold C. Douglas
Too often, people try to ignore their financial troubles in the hope that they will just go away. Continue reading to learn how to take responsibility for your finances, so that you don’t create debt you can’t handle. Now is the perfect time to regain control over your money!
If you are looking for ways to spend less money on food while traveling abroad, you should find out where the locals eat. Any restaurants in a tourist area, as well as the hotel, will be vastly overpriced so eat at the same place as the locals. This is a great way to find authentic food at a budget-friendly price.
If you want to save money and time consider purchasing lean protein in very large quantities. Bulk purchases are excellent if you plan to use all the products you bought. Grill up plenty of chicken in advance, then you’ll have it ready for several days’ worth of quick meals.
Paying in full instead of getting into debt is the better option if you can manage it. While some debt is inescapable, such as mortgages and education loans, you should work hard to avoid toxic debt like credit cards. The less loan debt you have, the lower the percentage of your income that you will have to spend on servicing debt.
While debt may eventually expire when it isn’t collected, it is advisable to get advice on repayment of old debts. If you think that a debt has expired, consult an expert. You may not need to pay the collection agency for the expired debt.
Try to negotiate with debt collectors who are trying to get you to make payments. Debt collection agencies purchase the debt for a fraction of what was originally owed. You could end up only paying a fraction of your debt. Keep this in mind when you work with collection agencies to resolve your debt.
Turn your unwanted items around the house into money in your pocket with a simple yard sale event. Also, talk to neighbors to find out some of the items that they would like to sell. Creativity is one of the most important factors towards a successful garage sale.
Each time you receive a check, the first thing you should do is put some of it in savings. Somehow, there never seems to be anything left to save if you wait. If you put this money aside right away, you will not be able to spend it on something you do not really need.
A program you can enroll into if you’re traveling by air a lot is a frequent flier mile program. Frequent flier miles are a popular form of one of the many rewards that credit card companies provide. Your frequent flier miles add up quickly and can be used for services and products other than flights.
Get a no-fee checking account. Local banks, credit unions, and online banks are all likely to have free checking offers.
Many spend significant sums on a weekly basis thinking they will win the lottery, but it makes more sense to put that amount into savings instead. This guarantees you increased income over a period of time, instead of just throwing away your money.
Pay off your credit card accounts with the highest interest rate first. Paying off the highest interest rates first is the most cost efficient way to get out of debt. Since credit rates will rise in the next few years, this is an action that you should take very soon.
Look for ways to apply the tips from this article to your own situation. Doing so will ensure that you make more responsible decisions related to spending and saving. You will improve your personal financial situation and pay off debt a step at a time.
October 7, 2014 by Harold C. Douglas
It can be hard to manage your personal finances, and it can bring on some stress. Once you get some background knowledge, however, you’ll be more prepared. The following article will give you some great strategies for getting your personal finances in order.
When you are investing in the Forex market watch the trends. Keep on top of things so you can buy at a lower price and sell high. Make sure that you do not sell during an upswing or a downswing. If you aren’t going to ride out a trend, you need to have clear objectives.
Setting a firm, ambitious goal for your future spending can help motivate you to take care of your financial situation in the present. This plan will encourage you to stay on track, and stop you when you become a spendthrift.
When you’re having trouble getting rid of credit card debt, avoid adding new charges. If you cannot find a different way to pay for expenses, at least try to reduce the amount that you charge to the card. Don’t use the card until you have paid off the balance in full.
Try negotiating with debt collectors who ask for money. These agencies bought your debt for pennies on the dollar. Even by accepting a percentage of your balance, they are still able to profit. Let them know you are aware of this and wish to negotiate a lower price.
Avoid eating out to save money. Someone can save money by buying the ingredients to make healthy meals and cooking them at home. It is a great way for someone to feel pride in their meals and save money at the same time.
One of the benefits of online banking is that your bank can send you online alerts to help you manage your money. Most banks have customer-friendly programs that offer alerts via text message or email when key events occur in your account. Receiving an alert when you have a low balance or a large withdrawal protects you from both overdraft and fraud.
Even if you have a solid financial plan and budget, money problems can still occur unexpectedly throughout the year. 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 long, one year lease, read the fine print.
The easiest way to grow your own wealth is to live below your means. Consumers who spend all or more money than they make tend to borrow to get the money back. This means that they will never build any wealth because they spend it before they even have it. Your income should always exceed your expenses.
Learn to put aside a small amount everyday, even if it is just the change from your pocket. Instead of shopping at a store because the location is convenient, compare prices at several stores before making a decision. If an item is on sale, buy it instead of food that is at the regular price.
Debt is not a bad word. Investments such as those in real estate are good debts to have. Usually, houses and commercial property will appreciate in value and the interest from the loans are tax deductible. If you have college loans, it is good debt. Lots of student loans contain low rates when it comes to interest, and they do not need to be paid until after graduation.
Don’t fool yourself into thinking you are cutting costs by neglecting home or car maintenance. If you see a minor problem now and don’t fix it, it will become a major problem later. By taking care of items that are working, you can actually end up saving a lot of expenses in the future.
If you want to have truly sound finances, avoiding debt altogether is a very good thing to do. Obviously some items will require credit to be used, such as the purchase of an automobile or a house. But you should not charge your credit cards for everything.
As mentioned above, facing the reality of your finances can be a stressful thing to do. Knowing how to manage your personal finances in an organized way can give you peace of mind and reduce your stress. With the information in the above article, you will be able to better control your personal finances and reduce your stress levels.
October 4, 2014 by Harold C. Douglas
With your wallet being pulled in so many different directions, it is really hard to have money left over to put into savings. You will find yourself tempted to spend money by everything from promotional offers to television advertisements. This article contains helpful tips that can benefit your personal finances and help you save money.
A garage sale is something that you can have to get rid of some things you don’t need and can make you money too. Let your neighbors sell their things for a small fee! You can have a creative garage sale!
Someone can save money by eating at home more and eating out less. Making one’s own meals at home is thrifty and adds to appreciation of making the meal.
If you’re under 21 and you desire to have a credit card, you need to be aware that certain rules have changed through the years. Previously, credit cards were given out like water to college kids. Your income has to be verifiable, or perhaps you will need a cosigner. Before you apply for an account, learn its specific restrictions.
Take advantage of your flexible spending account. You can save money on medical costs and childcare expenses by using a flexible account. These types of accounts permit you to allot a specific amount of untaxed dollars for healthcare or childcare expenses. There are conditions involved though, so speak to a tax professional.
Although it can take some extra work, if you use only ATMs associated with your bank or credit union, you will save money. Many banks charge fees if you use the ATM of another bank. They will charge you every month for using other ATMs.
Looking into one of the many flexible spending accounts for medical expenses can be a smart idea. The money in this account is not taxable so that adds up to extra savings.
Avoiding debt as much as possible is one of the fundamentals of keeping a tight grip on your personal finances. Taking a loan for a car or a house is acceptable, as long as you can afford it. But, in your everyday life, you should avoid paying with credit at all costs.
Rebalance your portfolio every year. Re-balancing your portfolio gets your investments in line with your goals and risk tolerance. Rebalancing also helps build a discipline of buying low and selling high
Whenever possible, make contributions to your IRA. You are cushioning your nest egg this way. There are many different options for an IRA including a brokerage firm or bank. This will allow your retirement to go a lot better so be sure you put money into it when you can.
As far as placing your finances in order is concerned, there is no such thing as starting too late. By taking this step, you will still be in better financial shape at 65 years old than you would have been had you never started. There is no such thing as a bad starting point where finances are concerned.
Regard any mistake you made with your finances as a lesson learned. For instance, spending years paying off your credit card debt can motivate you to keep your balance low or nonexistent. If your last salary was less than you desired, learn how to negotiate a better salary. If you are forced into taking a low paying job, don’t spend like you did when you had a high paying job. When it comes to personal finances, any lesson learned can be valuable. Do your homework and put that information to the best use, and you can improve your financial situation.
You may not be happy with your current job, but remember that you are making some money and that is better than no income at all. Before leaving your current job in the hopes of more money, be certain that you have another job to take.
Be sure that you have both a debit card and cash in your wallet to take care of small purchases. Don’t depend on your credit card for every thing. Credit cards are now requiring minimum purchases, so to prevent a problem, keep cash and your debit card along with you.
As you know already, saving money is not always easy. Saving money takes a lot of intelligence, hard work and discipline. Armed with the arsenal of personal finance tips from the above article, you can save more money than you ever imagined.
October 1, 2014 by Harold C. Douglas
The way you manage and spend your money does not have much of an impact on other people if you are living alone, but those who have a family to care for need to consider their options more carefully. This article is packed with practical guidelines for making more responsible decisions regarding your money.
Stay tuned to the news in order to be aware of the global market. Especially when trading currencies, it’s important to have a global understanding, something which many Americans take for granted. If you are aware of what is happening in the rest of the world, you can adjust your strategy so that you can make better predictions about the market.
Eat as though you are a local when traveling to other countries and you will save money. Restaurants in your hotel, as well as in areas frequented by tourists tend be be significantly overpriced. Look into where the locals go out to eat and dine there. This is a great way to find authentic food at a budget-friendly price.
Married? Have the partner with the highest credit score apply for any loans. Those with bad credit should build their score with credit cards that can be paid off easily. After you have achieved a solid credit score, you will be in line for the loans that you need in the future.
Try to negotiate with debt collectors who are trying to get you to make payments. Chances are that they bought your debt for a low price. So, even if you can only pay them a small piece of what you originally owed, they will probably still make a profit. Keep this in mind when you work with collection agencies to resolve your debt.
Replace all of your old light bulbs with new, efficient CFL bulbs. If you replace your bulbs, you can lower your electricity costs and benefit the environment. CFL bulbs last a lot longer than old-style, traditional light bulbs. With the reduced rate of replacement, you won’t have to spend as much.
Eating less from restaurants or fast food joints can save you money and promote better personal finances. Buying ingredients and making food at your home can also save you money and others will appreciate the effort of creating a tasty meal.
A good grocery store sale isn’t so good if you end up wasting the items you bought. It makes good sense to stock up on things that you use the most, but you shouldn’t buy more than you can eat if it will expire before you can use it. Shop for bargains, and don’t be afraid to buy 10 pounds of peanut butter if your family loves it, but use common sense.
The easiest way to keep your finances clean is to avoid consumer debt like the plague. Before you buy anything with your credit card, ask yourself a few questions. Before deciding to make a purchase using a credit card, you should consider the amount of time and the interest that will be charged if you complete the transaction. If you can’t pay off the charge in a month, and it’s something you don’t really need, avoid it.
Instead of spending money buying gifts, try making presents instead. You can save a lot of time and money, not to mention the fact that you will be creating something from your own hands, which can mean more than a store bought gift. A little creativity can reduce your costs, which will help you make progress on increasing your net worth.
Your money management may weigh more heavily on your mind if you have children. Having a budget is essential to help you limit the number of things you buy each month.
September 29, 2014 by Harold C. Douglas
When you are in college or on your own for the first time, it is easy to blow money on going out or partying. Rather that doing that, be financially responsible and avoid debt.
Honesty and trust are key attributes to look for when you are shopping for a broker. Check their references, and ensure that they tell you everything you want to know. Your own experience can help you to spot a shoddy broker.
When traveling abroad, save on eating expenses by dining at establishments favored by locals. Restaurants in busy tourist areas tend to be the highest priced, so find out where the locals eat. You can get higher quality food for less money.
Really focus on documenting your daily expenses, and it will help you structure a plan. However, if you put this into a notebook that you can just shut and put away until you deal with it later, you may find it just gets ignored. Try listing your expenditures on a whiteboard located in your room or your home office. This serves a more visible reminder and will help you to stay on track.
Keep a mini-envelope with you when you go out. This envelope can be used to keep track of receipts and small documents. It’s important to keep these things for future reference. You may need them to compare to your credit card statements in the small chance that you are double charged.
Almost every new product comes standard with warranty that covers 90 days from the purchase date, and some products are warrantied for a year. Chances are, if your item fails, it will do so within the time frame of the standard warranty. Extended warranties are great for businesses, but they aren’t great for the customer.
Have a set amount of funds automatically transferred from your checking to your savings account every month. This is an excellent strategy which helps you to manage your money much better each month. This technique can also be helpful for accruing money for expensive events, such as a wedding.
Replace incandescent bulbs with more efficient compact fluorescent light bulbs. Not only will you be lowering your electric bill as a result, but you will also be doing something good for the environment. In addition, CFL bulbs have a longer lifespan than incandescent bulbs. This will help you save money on replacement bulbs.
Look for a bank that offers free checking accounts if you do not already have one. Look into local community banks, online banks and credit unions.
You can’t repair your credit without getting out of debt! This is achieved by making payments on credit balances and loans, and you may need to cut corners here and there. There are simple steps you can take to save money; for example, instead of going out to eat, dine in at home. Bringing food from home while at work and not going out on weekends can help save lots of money for anyone who is looking to make a serious effort to restore their credit.
Make a budget and stick to it every month to get your bills caught up and paid. Put the advice from this article into use and you will find your finances will get on track and stay there.
September 20, 2014 by Harold C. Douglas
Life can be hard if your finances are not in order. Follow these tips to help you get better finances.
Try to choose a broker that you can fully trust. Demand impeccable references and try and gauge their honesty and trustworthiness. Your experience is also helpful when picking a broker.
During these tough economic times having your savings spread around in many places is the best solution. Spread that money to different accounts such as checking, savings, stocks, gold and other high-interest bearing accounts. Using a combination of these savings strategies (or even all of them at once) will help you protect your money.
One way to improve your finances is to refuse to pay full price for anything. Don’t be a brand loyalist and use coupons whenever possible. If you always buy Purina Cat Chow, but this week’s online coupons has a coupon for Fancy Feast, you might be able to get the Fancy Feast for less than the Cat Chow for once.
In order to build good credit, you should be using two to four credit cards. Using one card can take a while to improve your credit, while using over four cards can represent a lack of being able to manage finances effectively. Try using two cards to build up your credit and adding more when needed.
In order to establish a nest egg, you need to deposit money on a regular basis into some type of savings account. With money in savings, you may be able to avoid getting loans, and will also be in a position to handle unusual expenses. Saving a small amount, even ten dollars a month, helps you build your savings over time if you do not have a lot of extra income.
If you fly all over the world on a regular basis, then you need to take advantage of frequent flier programs. A lot of credit card companies give rewards or discounted flight tickets to be redeemed from purchases for no additional charge. Frequent flier miles can also often be redeemed at a variety of hotels for free rooms or discounted stays.
You cannot fix your credit before you get out of debt. The only way to do that is to pay off all your credit card and loan debts, so you need to make some cutbacks. Consider cooking your own food or limit hanging out on weekends. If you take your lunch to work and do not eat out during the weekend, you can save lots of money. If you are serious about having good credit, you will need to make a commitment to reduce your spending.
To keep your finances in check it is important to avoid going into to debt with credit cards. If you are about to whip out the plastic, say ‘Hold it!’ and take a minute to rethink things. Think about the length of time a particular purchase will take in order to be paid. In most cases any, amount that cannot be paid off before the due date should be avoided.
During the years, financial problems might arise even when you plan carefully. It is always wise to know how far over your due date you can go, and know how much your late fees are. Before signing a long, one year lease, read the fine print.
If your funds are often short paycheck to paycheck, it may be wise to invest in overdraft coverage from your financial institution. This minimal fee can save you a lot of money on overdraft fees in the long run.
Save money on home improvement by doing it yourself, instead of hiring a professional. Do-it-yourself courses are often offered by large home supply stores and there are some incredible online video tutorials for just about anything you need to do around your house.
You should avoid unnecessary debt. A loan is necessary when buying a car or a house. However, as much as possible in your daily finances, avoid credit purchases and either pay cash or go without.
Taking the time to manage your finances will bring stability to your life, and help you achieve more things. Apply the advice from this article, and you will begin to learn more about your financial situation and start to reduce the stress in your life.