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  • 10 Easy Habits That Can Save You Money Instantly

    Financial TipsSaving money and budgeting can look almost impossible when everywhere we go there seems to be some type of expense. Are people actually doing it? How are they staying committed? Well, budgeting can actually be fairly simple. That is,when you’re truly committed.


    These ten budgeting and savings tips can be used starting today to bring you a steady financial future. We’re not going to ask you to only eat one meal a day and or sell all your possessions. These are realistic and achievable saving techniques that you’ll certainly want to oblige to if you’re saving or strategizing a budget.


    1. Sit Down With Your Money 

    Have weekly updates with yourself on spending. Have you spent more than you desired on food or entertainment? Are there unexpected costs that you didn’t factor? Updating yourself on your weekly financial state will help your budget stay on track. A lot your spending based on a mapped out, goal-oriented course.

    1. Cut Out Cable

    There are several low-cost streaming services available, such as Netflix, Hulu, or Amazon Prime, making cable look like an extra expense you could live without. Cable costs are only increasing and likely to rise to an average of $123 per month or $1,476 per year. That’s quite an amount of money that could be saved.

    1. Save On Food

    Food is an indispensable need so you can’t cut it out. Although what you should cut is your spending. There are many ways to save on food costs that you just probably hadn’t considered or really committed to. For example, plan your weekly cook at home, have a potluck with friends in place of going out, or make your own coffee. Quick bites here and there can really eat up your dollars, so it’s all about strategy. 

    1. Travel Financially Smart

    Modern leverage lodging rental websites like Airbnb, Travelmob, or Housetrip, allow you to find a place to stay for vacation at a fraction of hotel costs. Plus these places often have kitchens you could cook in (to save more money) and you at the same time you could rent out your place (more money!).

    1. Work More 

    This one looks evident, but if your job lets you, be sure to do it. If not, you can get a side job or freelance. This also decreases time for spending. 

    1. Wait 48 Hours Before You Click “Buy”

    Don’t buy items on a whim. Particularly in the era of online shopping, wait at least 48 hours before purchasing. If you still need it and can afford it, buy it. If not, then don’t click “buy.”

    1. DIY

    You can find a multitude of “do it yourself” instructionals online to help you either fix things, create unique presents, make household beauty treatments, and more. Save money while learning a lifelong skill.

    1. Impress Yourself, Not Others

    Be impressed with your savings growth rather than attempting to keep up with other people’s spending behaviors. Simply because someone has an elaborate car or fancy purse doesn’t mean you need one. You can impress yourself with your money saving talents.

    1. Chill With Your FOMO

     The same idea applies with the “fear of missing out” or FOMO. Just because someone invites you out, doesn’t mean you have to go. You’ll end up happier with your savings achievements, and than if you went skipped out on dinner for one night.

    1. Don’t Get Discouraged

    Your savings may not be increasing exponentially, but that doesn’t mean you should give up. Start by taking small steps and you’ll quickly make a habit and then a lifestyle out of budgeting. Saving one percent more is far better than doing nothing; so do your best and stick it out.


    Tactics for Faster Loan Repayment

    rapid loan repaymentYou know this already: The faster you pay off a mortgage, the less cash you’ll spend with your creditors and the more you get to keep. If you’d like to pay your home loan off faster, you’ll need a little extra money plus some smart tips and tricks — but it can be done. Here are a few financial hacks for faster loan repayment.


    Tip the financial scale in your favor. You’ve got two approaches to get more elbow room in your budget for an early loan payoff: Cut your bills or earn extra money. For best results, do both.

    On the expenditure side, try to bundle insurances and renegotiate. If you’ve been with the same insurer for quite a while, call them and say you’re unhappy with your rate. You can let them know you’re checking out your options and looking for a better offer. You may be shocked at the number of new “discounts” they suddenly uncover. Rethink your cable cost. Do you really need all those top-tier channels? Now, you can stream a lot of shows totally free or at a low price over the internet. Also, quit outsourcing household jobs like window washing and lawn work. Nobody enjoys cleaning and pulling weeds. But unless there’s a more worthwhile way to spend your non-work hours, start washing and weeding.

    Generate some additional income to put toward debt reduction. Start selling things you don’t use. Get on Ebay and start listing. There are now dozens of other on-line selling websites: ThredUp.com, shopstick.com, yerdle.com, varagesale.com and of course, the original Internet-based classified-ads website, craigslist.com. Find ways to generate revenue on the side. Everybody has some talent that other folks are willing to pay for. Look at TaskRabbit.com and UpWork.com to see the simple things — like becoming a personal online assistant or a holiday shopper — you can do to earn extra money and put those extra dollars toward faster loan payoff.


    Involve the whole family. Everyone’s needs and wants helped create the problem, and you’ll be doing your family members a favor by showing them how to take control of debt once and for all. Have a family meeting to solicit ideas, and enlist everyone to cut expenditures by becoming aware of energy and water use, pitching in to perform outsourced household chores, and even earning a few extra dollars on the side. Set a target and put aside some of the money you helped save or make to pay for an incentive, such as a night out at the movies.


    Make use of a biweekly loan payoff calculator. This could be your roadmap to accelerated loan reduction. You’ve got to visualize your goal and see precisely what you need to do in order to get there. Utilize a biweekly loan calculator [link] to see how much extra cash you have to apply toward your debts for an accelerated payoff. Biweekly loan payments not only get you out of debt faster, but also save you money on interest over the life of the loan. Experiment with the calculator to see how adding a little extra each month can help accelerate your debt reduction goals.

    AutoPayPlus can help you pay off your loans faster. Withdrawals out of your account every other week fit conveniently with paychecks and your monthly budget, while an additional half-payment twice a year toward principal decreases the interest over the loan term. Go to this website to find out how to get started with your rapid loan repayment plan.

    4 Strategies to Get Away from Financial Debt and Take Care of Your Month to Month Spending Budget

    Bi-weekly mortgage paymentBudgeting and staying away from debt. It is one thing we can easily improve on. We know that there has to be some type of transformation, but do we seriously know how to start? Luckily, to suit your needs, we did all of the tough work for you. Now all you must do is stick to these great tips about how to better handle your monthly funds.



    Automated Bill Payment


    Making use of an auto-payment assistance company  could help you save time, pressure, and revenue in the long run. AutoPayPlus delivers a product that is certainly one of a kind since, not only does it permit you to stay away from pricey late charges or handle your bills in a single location, but they will also work with each of your loan companies to carry out an accelerated debt reduction payment plan. AutoPayPlus helps to get you out of debt a lot quicker and possibly assist in creating beneficial equity and/or cut down total interest payments.


    Never ever worry again about when your expenses are due or the likelihood of “snowballing” into personal debt. Pay off your loans more rapidly and tailor your funds toward a life which is debt-free.



    Loan Consolidation


    A financial loan consolidation can be desirable to individuals that are up to their neck in personal debt.


    Although the attractiveness of a single every month payment at a smaller interest rate looks like a promising one, it can possibly set you back even more in the long haul. The chances are that you shouldn’t choose to get caught up doing a loan consolidation, unless of course you’re definitely and hopelessly drowning with higher rates and ridiculous month-to-month payments.


    However, if that's the situation, have an understanding of what your every month payment might be. If it is somewhat equal in cost or larger but fits into your spending plan, you may simply need to think about paying off your debt on your own with amplified payments. With a loan consolidation, you will likely end up spending a lot more in interest payments, given that your loan will very likely be over a long span of time.



    Debt Management


    Choosing to take on a Debt Management Plan can assist you in learning to be structured and on time with all your charges through reasonable budgeting. Most monetary experts suggest applying a DMP as the ideal method for financial debt consolidation. By way of this method, you send one particular payment towards the agency running your plan, and then the amount is split among your collectors. This may well have an impact on your credit score, but at the time you've cleared your debt in 3-5 years, your score should undoubtedly make a significant comeback.


    With the aid of an accredited credit counselor, you could be on the way to meeting your fiscal goals, increasing your credit, and be in control of your finances.



    Financial Debt Avoidance


    One of the best ways to manage your debt is simply to stay away from debt to begin with. Needless to say, it’s easier said then done. However the quicker you arrive at terms with the concept of clever budgeting, the earlier you are going to be a living with much less stress.


    First realize why a lot of people fall into debt:
    • Reduced cash flow
    • Poor Income Management
    • Underemployment
    • Gambling
    • Medical Expenses
    • Minimal Savings


    All of these factors narrow down to one general conclusion. You must learn that there is a need to limit yourself with a demanding and realistic spending plan which enables you to stay away from debt. If you have extra money, put it into an account for those unanticipated expenses. Steer clear of overspending on things that are not necessities and be certain to prepare. If you’re currently in financial debt try out one of the options above and after you succeed, don’t at any time go down that difficult highway again.

    5 Steps to Savings

    Automatic Bill PayThese days it seems almost impossible to even think about starting a savings. With a touch of determination and inspiration it can be done. Here is a review of five simple steps explained by the Federal Trade Commission that can be done by anyone to start saving money.


    The first step is figure out how much money you are bringing in and how much you are spending. Write a list of your money making sources, such as paychecks, and side-jobs. Next write down your fixed monthly expenses such as cell phone bills, mortgage payment, and electricity bill. Then make a list of your other expenses such as clothing, haircuts, gifts, and even your daily cup of coffee on your way to work. These small purchases do make a difference. These lists show you how much money you make and how much you spend.


    For your second step, set up a method where you give yourself money first each paycheck. This could be as an automatic deduction from you paycheck into a payroll savings plan, or an automatic transfer from your checking into your savings. This step is very important to establish a routine for putting money into your savings on a regular basis. It won’t take long before you see your savings grow with this step.


    The third step appears to be a little more confusing, but don’t worry you’ve got this! This step is about compounding interest. According to The Federal Trade Commission compounding interest is “the interest you earn on your initial investment plus all the interest that accumulates over time.” There is simple interest and Compounding interest. Simple interest is when you receive interest on your initial investment only. Compounding interest is the one you want, easy as that.


    The fourth step is when you start paying off your debts with your amazing savings abilities. This is when you have some “extra” money, you put it into savings. For example if you get a raise, you take the extra money each paycheck and put that into your savings. Or when you pay off a credit card, take the monthly payment you would have made and put that into your savings. You can have this automatically transferred from your checking to your savings, so you don’t forget.


    Being creative about how to save money is the fifth step. You can put any money you saved from this step into your savings account. Save on your haircuts by going to local beauty schools. Often their students will give free or reduced haircuts. You can borrow books, music and DVD’s from your local library for free. Bartering is another great way to save. You have skills and items other people need, they have what you need. It’s free.


    Saving money can be easy and fun. You can still enjoy your cup of coffee on the way to work, maybe only do this as a treat once a week. Your savings from automatic bill pay could be dramatic with this one simple step.