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smart personal finance

Simple Tips On Saving Money

Everyone wants to be able to save money. Whether you have a ton of cash or you are living paycheck to paycheck you might find that you could use some advice. Financial matters can be difficult but there are a few easy ways that you can hold onto the money that you have. Looking for the top 100+ money saving tips can be a great start. In order to help you along your way here are a few of the more common bits of advice that you can use to get yourself on the path to saving money.

Make Change

One of the best ways to begin the process of saving is by paying attention to money in all of its forms. Coins might not seem important, especially when you have a handful of pennies in your pocket, but change is exactly what you need to get started. Putting your change aside for a rainy day can be an amazing tactic to save a large sum of money over time. All you have to do is put aside a jar or box where you can keep all of your change.

Start collecting it right away and do not touch the change no matter what. After you have filled the jar you are going to want to find a machine that will turn your change into cash. Many banks offer this service for free so that can be an excellent spot to begin. Instead of spending the cash that you make from collecting your change, it might be a better idea to open up a savings account. This move will help you to put all of the change you have collected into a safe spot until you are in need of it.

October 11, 2016

General

Busted Myths About Personal Finance

There’s no denying it; money is one of the most important things in our lives. It dictates everything we do in this world. Therefore, improving personal financial situations should be at the top of everyone’s agenda.

Regardless of any other life factor, we can all appreciate the importance of money. However, it’s a complex subject that most people struggle to gain a grasp of. In most cases, the main source of trouble is that we follow false information. Quite frankly, those financial myths could be doing far more harm than good.

Acquiring a deeper understanding will naturally put you in a far more powerful position. Here are 12 of the most common misconceptions. Learn the truth behind them, and you should be able to boost your finances in no time.

June 24, 2016

Investing

5 Clever Ways To Invest Your Tax Refund For Your Future

Tax refunds are great, aren’t they? They feel like free money, and most of us are all too willing to treat them as such, splurging them on things we want but wouldn’t normally buy.

However, tax refunds are not actually free. They’re a repayment of extra tax you’ve paid, without earning interest on it. In 2015, the average tax refund was a little over $3,000, so make up for lost time by investing your refund in something that gives you long-term benefits.

Here are three major areas to consider:

Insurance protection
Emergency savings
Extra funds for fun activities or your own interests

We’ll look at these in more detail below.

June 14, 2016

Money Saving Tips

Read This If You Have Money Troubles

If you’re in the early stages of adult life and you’re already struggling with money, well, you’re not alone. The truth is that most people deal with this issue and it’s actually better to encounter it early. That way if it crops up again in later life you’ll know how to deal with the problem and not get into debt. You want to avoid debt if possible and we can help you do that with these great tips.

Don’t Borrow

If money is tight it can be easy to jump to the solution of borrowing money. Either you borrow from a private company, you just start going into your overdraft or you rake up bills on credit cards. None of these are an answer to your problem. You need to be particularly wary of payday loans. Pay day loans, also known as short term money loans or hard cash loans, sound great. You can get money easily when you need it and you have a short time to pay it back. No problem. Ah, but the interest rate can range up to 400 percent. In short, these loans are designed so it’s impossible to pay them back before you go into debt.

December 4, 2015

Budgeting

How To Successfully Manage Your Personal Finances

It seems that every day, there is a new article on debt. For instance, there are published reports which indicate that America is currently in $2.4 trillion of consumer debt, 1 in 10 consumers have more than 10 credit cards, and the average household debt is around $10,000. When you take all of this information into account, you can see why it’s so important to do all that you can to keep your personal finances in order.

If you’d like a few tips on things that you can do to become or stay financially responsible, here are five proven tips:

Create a budget. One of the best ways to avoid overspending is to have a monthly budget put into place. That way, you are clear on how much money you have to spend beforehand. If you’ve never created a budget before and you’d like a few tips on how to make the kind that will keep you financially responsible and out of debt, visit Money Counts and put “create a budget you can stick with” in the search field.

Avoid credit card debt. There’s nothing wrong with having a credit card. In fact, if you use it wisely, it can boost your credit score. The thing to keep in mind when it comes to credit cards is if you rely on them for most of your purchases, you will end up with interest rates and other financial fees that could cause problems down the road. For this reason, try and make it a practice to use cash or your debit card as much as possible. And when you do charge something, pay off your balance, in full, the following month.

November 29, 2014

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