Dealing with a financial crisis is rough.. When you don’t have the financial means to handle the matter, it makes things even worse. Everyday people run into problems large and small that prove to threaten their finances and alter their lives. From an inoperable car on the side of the highway to losing a job due to budget cuts, anything could happen in the blink of an eye. Naturally, having a rainy day fund would help to ease the blow, but when you’ve exhausted those funds, or never had anything saved, to begin with, your options become bleak. Fortunately, there…
Personal Finane
Okay, so probably the title says it all. The heading of this article is in itself a big controversial topic in our countries investment market for several years now. This question could never really be answered by any one. Because, let us face the truth, no great a genius can give a clear cut answer to this question simply because this question does not have a clear cut answer. The question to this answer may vary from person to person and according to their personal choices. But then you would think, if this is such a personal choice, why are…
When times were good it was easy to be casual about money. Credit Card Companies used an aggressive marketing strategy offering all kinds of incentives to consumers to take and use their cards. They often gave unsolicited credit limit increases and such temptation was often too hard to resist. Inevitably people often lived beyond their means and used credit cards to withdraw any money needed to meet their financial obligations. They often simply made the minimum 5% payment to comply with their cards’ regulations. Their debt almost crept up without their noticing and when the recession came there were many…
With spring in full swing and, hopefully, brighter days for the foreseeable future, now would be a perfect time to take a look into becoming more energy efficient and seeing some savings on your business electricity bills. While British Gas offer some incredible tariffs for business owners, there are always ways of improving your energy consumption, which will then be reflected in your monthly payment. While the recent Co-operative case study showed an incredible energy saving of £50million by replacing the open fridges in its stores with ones with doors, there are plenty of ways for smaller businesses to make…
A new home can be exciting and fun to find, but getting a loan is usually not. It’s not like you can apply for pay day loans on the phone to cover the cost. Here are a few ways to make sure you get your money in order for the home of your dreams. Determine Your Budget There are many rules of thumb when it comes to what you can afford. Why stretch yourself more than necessary? Depending on where you live, you can figure out what monthly payment you can easily afford and whether you’d be comfortable with a…
Since the start of the economic downturn it has certainly become more difficult to get approved for a mortgage, but things really aren’t as bleak as some of the naysayers in the media would have you believe. Yes, lenders may be a little choosier than before and options like self-certification are now seemingly things of the past, but if your financial circumstances are good enough there will still be a mortgage deal out there for you. Here we look at some of the things which can help or hinder your chances of getting approved. Length of employment If you regularly…
The financial side of getting a college education is always a challenge. Aspiring dreamers get off with the use of student loans. But when it’s time to leave the university, you also want to end everything that comes along with it like your student loans. Many feel that repaying student loans when you are already starting to be a full-time earner can be very inconvenient and distracting. Remember: this is a responsibility that you have to keep. To help you with the challenge, here are 10 ways you can accelerate student loan repayment. Plan your finances. While seemingly simple, planning…
When talking about college concerns about money is never far behind. You have spent thousands of dollars and probably owe thousands more. When you are finally out of college one of the most important decisions that you are going to make is to sort and take control of your finances. If you start to be financially responsible now even without a job you are also starting a habit that will surely benefit you in the future. Plan how you will spend your money If you are not doing it yet then the very first financial decision you should make right…
