Traveling around the world is my passion, hobby, pastime, or whatever you want to name it. I just love traveling and I take my family where ever I go. So even they love it, al least that’s what they say. Over a period of time, I have developed a habit of saving enormous amount while we are on a trip. This helps us to save some amount for the next trip. Let me get to the point and help you with few personal finance tips while traveling that can really save some money.
If you are on a short vacation, say for a couple of days, remember to pack your snacks. When I am driving out for few days I carry string cheese, apples, and carrots.
A note on apples: To avoid sleep while driving, not is as effective as apples.
If you can manage to pack a lunch that can last a couple of days and lots of snacks, much of your money spent on eating in expensive restaurants can be reduced.
A day before you commence your trip, visit an eatery or a grocery store near your house and buy lots of snacks. Same foodstuffs at a tourist location or a crowded
Everybody reads articles on credit counseling but I want you to be different. Unlike others, I want you to really grasp what it means and how it can help you for the rest of your life. We are not talking here about someone taking your will power away from you or keeping you from making decisions on your own. We are talking about empowering you with the confidence you need to make the right choices.
A credit counselor is what you need when things are no going the way you want. You need to get counseling from someone who knows much better than you and can therefore advice you on the right steps to take to bring things to order. He or she is in good position to proffer financial advice that will help you get out of your financial quagmire.
There are lots of credit counselors out there for you. Lots of people are realizing that obtaining credit is the way to go when things are not going well with them financially. Also, many people realize that given the situation they found themselves, they may not be in the right sphere of mind to make the right decision concerning their finances.
Personal finance has always been one of the crucial aspects, which largely affects the success of an individual in various fields. Just like a house needs strong foundation to withstand the various charges of weather similarly all individuals require strong foundations of personal finances to withstand the basic charges of life. Strong financial situation has always been the sure shot route towards a sound and independent financial situation. Maintaining a control over personal finance enables one to maintain a control over the entire financial situation and to maintain a control of where is money coming in and for what use it is being used. There are a range of topics covered under it. Some of the vital areas are budgeting, investment, retirement and debt handling.
Personal finance tips cover many crucial aspects that one has to do with his money, starting from generating it to spending it. The various areas –
- Budgeting – Budgeting is one of the most essential and crucial areas. Since it is a time consuming and a tedious process, many people refrain from doing it and hence create acute financial problems for themselves. Budgeting is nothing but to ascertain what you must spend versus what you want to
I think it’s fair to say that whilst most of us have the best of intentions when it comes to our own personal finances, there is usually quite a lot of room for improvement. It might be the case that a few small tweaks to the way you manage your money will suffice, on the other hand, you might need a complete overhaul of the way you go about your personal financing.
Staying on top of your money is quite a big job in itself, certainly a long term commitment and one that definitely should not be neglected in any way. If you are struggling, you are in luck! We have put together some of the best personal finance tips that you should start employing as soon as you possibly can.
1) To have a decent idea about your financial spending, jot down everything you spend money on for on week. This included food, rent beer, literally everything goes. You might think you know and could certainly take a pretty good educated guess but the point is, you will
Being financially free can sound like a far-fetched idea for most single women. The average American today spends more than they earn and can barely keep up financially. Becoming financially free is not impossible, no matter what you might think today! Keep reading to find some personal finance tips that every single woman should know.
Start with a budget. Whether you make a lot of money or a little money, you need a budget to know where you are going. Think of your budget as your financial road map for your future. If you were going some where you have never been, you wouldn’t start out just driving, would you? It’s unlikely. It would be a waste of time and gas to do that. The same goes for your finances. Why would you continue to work week after week without taking some time to plan how you are going to use your money you worked so hard for? Budgeting can help you do just that. Make a budget a priority so you are not wasting time working and the money you earn. Even if you are single and don’t think you make enough money, you need a budget to know where
There are many do’s and don’ts when it comes to managing your personal finances. However, outlined below are 3 simple tips to help you on the way.
Budget: Identify ALL your expenses and review your budget on a regular basis:
To manage your finances you will need to prepare a household budget detailing what you receive and spend out each month as a family unit. The income less the expenditure will represent how much money you have left over each month. Many individuals carry out this exercise but miss out some crucial expenses by accident. This in turn gives them a false impression of what their net income/ deficit position is. Common expenses that are missed out are car insurance/car tax, average monthly socialising expenditure, tax payments, average monthly holiday expenditure and some regular cash payments. Once you have made out your household budget, it is crucial that you review it on a regular basis and compare it to your actual monthly expenditure. If you are spending or receiving more than you anticipated you will need to update the budget accordingly.
Pay yourself first:
One of the biggest mistakes families make when it comes to budgeting is to take their income and spend it
Unfortunately, personal finance has not yet become a required subject in high school or college, so you might be fairly clueless about how to manage your money when you’re out in the real world for the first time. If you think that understanding personal finance is way above your head, though, you’re wrong. All it takes to get started on the right path is the willingness to do a little reading – you don’t even need to be particularly good at math.
To help you get started, we’ll take a look at eight of the most important things to understand about money if you want to live a comfortable and prosperous life.
- Learn Self Control
If you’re lucky, your parents taught you this skill when you were a kid. If not, keep in mind that the sooner you learn the fine art of delaying gratification, the sooner you’ll find it easy to keep your finances in order. Although you can effortlessly purchase an item on credit the minute you want it, it’s better to wait until you’ve actually saved up the money. Do you really want to pay interest on a pair of jeans or a box of cereal? (To learn more
As we grow older our responsibilities also increase and once you become parents you have to deal with them pretty seriously. Taking care of children, providing them with the right education and other facilities can lead to some heavy financial burden for parents. In this case what can you do? What is most important is to prioritize your responsibilities as parents and determine the financial support you need to accomplish it. This article will cover a few tips that can help you manage your personal finances diligently.
- First of all understand that now you have some serious duties to perform, hence you cannot act as if you are a 20 year old and make liberal financial decisions. You need to create a balance between your instantaneous and long term needs so that you can invest wisely. Manage your income properly and keep a check on spending and investments.
- Plan for your child’s education early and keep funds aside for it. You will need to create a budget and estimate the finances that you will require for his schooling and higher education. Invest accordingly in schemes and investment plans that will have high returns when you require them most for your child’s education.
Nowadays there are so many options to eliminate your unsecured loan. But still there are few debtors those who are not aware of such options; they think that bankruptcy is the only way to get rid of financial loans.
The Federal government has introduced such options for the betterment of the debtors. Now it is duty of the debtors to take part in the programs to clear all their remaining liabilities. Sometimes the consumer needs credit counseling to understand the advantages of the programs. The debtor should try to compare how bankruptcy process with debt options. How the plans are going to help you in getting rid of the unsecured debts.
If you file for bankruptcy then everything goes in hands of the court, it may take years to sort out the case. This is an emotional decision where you will be left with no choice at the end. You will be guilty for your wrong judgment. The banks will be not ready to provide you loans because of your so bad credit scoring. It may whole life long time to be back on the track. Bankruptcy is not at all a wise choice to fix your debt problem.
The options are very
As the year comes to an end, once again people (including myself) have resolutions to make next year better than this year. The two most popular resolutions involve physical fitness and fiscal fitness. Most of us have goals to lose weight and to lower our debt (increase savings, etc.). Usually, the physical fitness aspect of our resolution means to eat less and exercise more. The course of action is simple. The key is to get started or as that famous slogan from that popular athletic apparel company says, “Just Do It”.
For our personal finance, it is a bit more different. It should not be as complicated. As I progressed through investments, real estates investments, eliminating credit debt, increasing cash flow, etc., I have (along with my wife) have practiced to the best of my ability these principles. As the samurai warrior or spartan soldier have a code of ethics (or Bushido code), it is effective to have principles that we should apply to our personal finances. Here are some:
Never listen to financial advice from someone making less than you. This may seem cruel. But, would you go to seek medical advice from a plumber? (or vice versa) Even though they