In tough economic times, it is vital to watch every penny you spend. A failure to monitor your expenditures may lead you into debt, or at least reduce the total amount of money you think you have. Because of this, it is a wise decision to create a budget. This way, you not only are able to come up with a sound game plan in saving and spending money, but you are able to reduce the amount you spend on material, Read the rest of this entry »
Debt can be stressful. If you cringe when your credit card bill hits your mailbox, try paying slightly more than the minimum payment to reduce the balance faster. If you have been paying just the minimum payment every month for a while, you may notice that your balance is not changing much. You may be amazed at the difference 10 can make. The additional payment will decrease your outstanding balance while reducing the amount of interest that is added to your account every month.
Whether you are trying to reduce your debt so you can save money or you are planning Read the rest of this entry »
The fees for late payments can add a lot to your monthly expenses. There are several ways to ensure that you pay your bills on time and avoid late payment penalties. Many creditors will adjust the due dates for their customers. If you can set all of your due dates to correspond with your paydays, you can ensure that you have money when your bills are due.
Another strategy to help you make your payments on time is to Read the rest of this entry »
Have you ever thought about new windows? It’s getting to be that time of year again and it might be a decent investment if you can afford it. This suggestion might shock you since most of the stuff on this site has been about saving money. However, the fact is, while you might pay a lot upfront for new windows, you could really save in the long run.
Services like HomeProImprovement have all the information you need to confirm this, but we’ll go deeper into just how this is possible starting with a question. How much do you pay on electricity each month? Not a pretty picture is it? Imagine how much worse it could be during the colder months.
It’s proven that new windows can actually help you save on energy by more efficiently controlling the flow of air. What this means is less cold air getting in and less hot air getting out during the colder months. Also means less money flying out of your wallet and into the hands of your electricity providers.
If you don’t have the money for new windows, there are other ways to beat the cold. However, if you do have the funds, it would be a financial faux pas for you not to get some new windows with the approach of winter.
Cars cost a lot of money to buy. A lot of people prefer using public transportation such as buses, trains, or even taxis when needed, rather than buying a car. Why is this? Well after throwing down a load of money to buy the car, you are no where near done with the costs. That’s just the beginning. You’re looking at a few hundred dollars a month for just gas. How are you going to use your car without filling it? Gas prices have increased dramatically over time, and will Read the rest of this entry »
Beware of credit card interest rates because they can change after the introductory period of time expires. Many people take the time to find a great rate, but what do you do when that rate exprires. It is very difficult to get a low interest rate that will last for a long time. Most introductory rates will lure you in for a short amount of time, and then the real interest rate kicks in and your bills seem astronomical. Before you take the time to get your credit checked through Read the rest of this entry »
When a person buys a house, they are made very much aware of how much the mortgage payment will be the property taxes, and the insurance. The buyer should do their homework before the purchase and have a close estimate of the monthly utility charges, heating, gas, electricity, sewer and water. The prudent home buyer has calculated these monthly costs and has figured them into the cost of owning the house.
Costs that are typically overlooked are Read the rest of this entry »
For most families the largest financial investment they will make is their home. A home is a large monetary investment and should be viewed as a savings investment as well. Homes are thought of as a “fixed asset”, increasing in value over time at a steady rate. This is not always true. A home can change in value over time, like the up and down cycles of the stock market. The severity of the cycle can determine whether large returns or losses result depending upon if the home is sold.
Similar to a savings account, the best Read the rest of this entry »