If you’ve ever been low on cash with creditors knocking at the door, you’ve more than likely considered using a payday loan company. The idea is appealing, you simply hand over a post-dated check for the amount of money you need and presto, you have cash in your hands. Unfortunately, these loans seldom work out the way you think they will and before you know it you could wind up thousands of dollars in debt. Before you hand over that blank check to payday loan companies, here are a few reasons that you may want to reconsider your decision:
When you decide that you want to take out a loan there are many things that you need to consider. Firstly you need to know about the range of loans that are available so that you know what sort of things you need to be thinking about in order to make a decision based upon [...]
I was talking to a friend of mine the other day who is almost 3o and his wife is pregnant. When I asked him what type of life insurance he had, he looked puzzled.
“Surely you have life insurance at your age, with a child on the way?” I asked him.
I was shocked to find out that he did not think he needed life insurance because he was ONLY 30. Unfortunately, younger generations are failing to get adequate life insurance to protect their loved ones from financial challenges in the event that something happens to them – and they are using the worst excuses to ignore the problem.
If you are putting your home on the market, the chances are you want to get the best offer possible for it. The sale process is punctuated with a number of pitfalls that can result in a homeowner losing money on their home. Here are three ways to squeeze as much money as possible out of your house sale.
In my experience the selling of a property is never a straightforward one, and as time drags on with no completion it starts to cause stress. This is not how it should be, as selling a property should be an exciting time in your life as it means that you are moving to somewhere new. All of this excitement can be gone however by the time the sale has gone through, and all that’s left is relief that it has been completed. As well as slow sales being a problem, another aspect that will add to the stress is that selling a home can also be expensive, and this comes in the form of estate agents fees, conveyancing fees, removals and other expenditures. This is enough to put anyone off selling, but there is now a better way to sell which more and more people are doing all around the country, and you will soon see why.
In this poor economy, many people find themselves having to drastically reduce their spending in order to make ends meet. However, there are a lot of people who leave things hanging in the balance for too long. Then their only options are to have cereal for dinner and steal loo paper from the company’s bathroom.
If you are planning to retire within the next few years, it is important that you make plans for your retirement. Having a set plan ahead of time will help you out in the long run, especially because if you do not have many saved and things prepared, you may end up struggling to keep up with the cost of living upon retiring from the workforce. There are many ways for you to begin planning for your retirement, and remember that the sooner you start to save money, the more money you will have in the future when you need it the most.
Benjamin Franklin, one of America’s greatest minds, wrote what can be best described as America’s first book on personal finance: “The Way to Wealth.” Many argue that it is the best book ever written on personal finance, and I agree that it contains priceless wisdom on the subject. One of my favorite quotes is, “If you would know the value of money, go and try to borrow some.” Therefore, it is with a great deal of modesty that I offer you six more tips on building wealth.
No one is perfect with managing their money, but some people are worse than others. In my days, I’ve seen some pretty stupid stuff. I’m not saying that I don’t expect people to make mistakes, but there’s a difference between learning from your mistakes and not. If you are looking to improve your financial situation, [...]
If you have never learned about credit, however, you are certainly not aware of how your actions today can affect you tomorrow. You may not know anything is wrong until you go to buy a car or a home and find that you are rejected because of a low credit rating. Don’t let this happen to you. By avoiding these mistakes in your teens and early adulthood, you can establish a solid credit history as an adult.
I was talking with a friend of mine and he was telling me all about how he is struggling with his finances. As he told me the many details of his finances, it became clear to me that he didn’t realize that he was in trouble long ago. If he had corrected some of his [...]