How important high quality equipment are in the mining business?

In the mining business, workers often spend numerous hours’ miles under the surface. Deep inside the Earth, the stone caverns in which their brave men do work are treacherous and having visibility at all times is a must.

Along the years, it’s been proven that the most practical and useful device for providing light in dark places for people in the mining industry is the cap lamp. It’s designed to have a strong battery, a small weight and a long lighting time for extended jobs. Falling down and being exposed to underground water are common occurrences, so these features are a staple when it comes to cap lamps.

The necessities

In order to make sure the lamp is placed correctly, you should first be in possession of a stable and resilient cap, both for stability and protection. Even the best cap lamps are pretty much worthless if they fall from the cap and aren’t placed right.

You should then wonder about the depths you will be descending to and choose the light accordingly. In general, it’s better to overpay and be safe. Having your light die out in the middle of work is not the solution. Just because you wanted to save money, you should not compromise on an ordinary lamp.  Be wary about other reviews, ask around with colleagues and take some lamps for trial periods, if you are able to. Then only time you should descent with a lamp is when you’ve made sure it fits right, it functions right and it runs long enough.

During the job

Maximum resilience is also a must when purchasing a cap lamp. Water resistance should be on top of your priority list when buying a lamp. Underground rivers are very frequent, especially in copper and coal mines. If a stream of water splashes on you, don’t try to touch around the lamp too much. The water might enter it and cause it to stop working. Remember, water resilience is only for the outside parts!

Shock resistance is very much connected to the point we’ve mentioned earlier – a stable and fitting cap. Generally, it doesn’t matter how shock resistant your cap lamp is if it falls away because it can’t be strapped in strongly enough.

Always operate it when you aren’t holding a heavy object or working. Make sure both of your hands are completely free, so that you can concentrate accordingly. Not being concentrate leads to accidents and injuries. Be careful!

Taking care of the cap lamp

In between jobs, make sure to check the glass for cracks often. Although you may not notice it, crack in the lamp glass can cause obstructions when emitting light. Every little photon is important when working several miles under the ground. Don’t hesitate to wash the glass so that it stays clear and provides you with maximum vision down there.

Also, make sure the light doesn’t flicker and don’t hesitate to test the battery to see if its life decreases and time passes. Every miner and the underground worker should have few spare bulbs by his side at all times. It’s somewhat common for the battery to be almost full but for the light to malfunction. It’s better to be safe than sorry.

These simple guidelines and tips should advise you both on how to  purchase the right cap lamps for mining and underground use that are highly shock and water resistant and how to take care of it both during and after work. A safer and much reliable lamp is all you need to perform efficient mining.

Enjoy and mine safe!

What to Look for When Buying a Company Vehicle

Depending on your line of business, you might be looking to purchase or replace your company vehicle. This can be an incredible expense and should be treated as an investment, therefore researched and deliberated properly. Buying a company vehicle is different than buying your own personal “whip” and most will end up using an entirely different list of criteria.

This happens for a few reasons. First of all, the needs of your business can vary greatly from what you do in your personal life. For example, if you are a plumber, your best bet might be a company van or truck, even if you personally like zipping around in a sportier car or a SUV. The opposite can also be true. If you are a real estate agent and drive clients around in your car frequently, you might not want to have a huge truck which they could have issues getting into and out of.

Another reason for the disparity is the price. Many of us like to keep our business and personal expenses as separate as possible. In your personal life, the budget for a vehicle could be vastly different than what your company can afford for your daily use. This is especially true once you calculate your potential return on investment or how essential certain features are to you in a personal versus professional sense.

When shopping for a company vehicle consider the following points:

  1. Does it Suit Your Needs?

This is the basic and most important question you have to ask yourself when choosing a company vehicle. Can it do the job? Whether you are a traveling salesperson and need something small and comfortable, or an electrician who needs to be able to store equipment in a fiberglass utility body for pickups or trucks, it has to suit your company’s needs.

  1. Does it Fit Your Budget?

Everyone has a different budget to shop with before they step out onto the dealer’s yard. Though a car is an expense, especially if it is solely used in a company capacity, but don’t be under the impression that you will be able to claim it all at once during this tax year. Shop around in the market and compare prices for vehicles which suit your needs. After a while you will have a better understanding and feel for when something is overpriced as opposed to being a great deal.

  1. Is it reliable?

Choosing a company car is not the time to go with some new brand without a good reputation. You need a vehicle which will spend minimal time at the garage, and have an abundance of parts readily available if something were to happen. Time off the road can easily translate into loss of business, especially if this is your sole vehicle and you don’t have a back-up.

  1. How Fuel Efficient is it?

If you travel short distances or only use your vehicle a few times a week, fuel efficiency might not mean a lot to you. However, with rising fuel costs, companies are getting more and more sensitive to the fuel efficiency of cars. That’s why there is an increasingly large number of hybrids and electric vehicles on the road with taxi signs or company decals. They higher initial cost is clearly worth the savings in fuel throughout the lifespan of the car.

  1. How is it on Insurance?

No one likes paying for insurance, however it’s a normal part of life and is especially important for your business. If you are just starting out and are especially cost-sensitive, you might want to call up your insurance company and ask for quotes for the models you are considering. There could be significant monthly cost differences which could help you decide on which is better suited for your business.

Selecting a company vehicle should never be on impulse, rather should warrant a process of careful research and deliberation. From evaluating your true needs to calculating the lifetime cost of each vehicle, remember that this investment should bring your business positive results, not become a source of frustration.

Cosigners or Collateral? Weigh Both Properly When Seeking A Loan

Borrowing money is something everyone has to do at some point. Not everyone, however, presents the same level of credit-based worthiness and risk to a lender. While lenders are in the business of issuing money at interest, the lenders do need to take extra precautions when someone has weak credit. Borrowers are not entirely concerned with the business matters of lenders. They would just like to collect the funds they ask for. Things are not always so simple. Sometimes, extra steps are required to garner an approval.

Two very common approaches are employed by those who may not otherwise be approved for a personal loan. The would-be borrower could request someone co-sign the loan or he/she could put up some form of collateral. Some may seriously weigh a designer to ask a cosigner to help out or to go the collateral route.

The Benefits of a Cosigner

If a cosigner puts his or her signature on the loan application, the loan may be easily approved. Granted, the cosigner would need excellent credit in order for such an outcome. Finding the right cosigner is critical to be approved. A cosigner with weak credit is hardly going to be much help to the cause. An individual with good or better credit score may aid with a quick approval and the receipt of a lower interest rate.

The problems with a cosigner may give some pause for thought, though.

The Drawbacks of a Cosigner

Borrowers may have trouble finding a cosigner. Not everyone is willing to put his or her name — and obligation to pay — on someone else’s loan application. Those who need a loan quickly might be too pressed for time to locate a cosigner.

Even when a cosigner agrees to terms of the loan, he or she might not actually stick to them. In other words, if the primary borrower defaults, the cosigner may default as well. The “safety net” of the cosigner making payments disappears. Both parties end up in trouble.

In the event of a default, the borrower and the cosigner are probably going to end up with a very strained relationship. Borrowers do need to ask if such a risk is worth it.

Collateral and Its Benefits

When collateral is put up for a loan, the loan is considered secured. Collateral alone might not be enough. Financial institutions don’t want to go through the trouble of seizing collateral to resell it. Hence, the lenders do look closely at the credit history of the borrower. A person with bad credit might be turned down even if he/she is putting something of tremendous value up as collateral.

Not all collateral loans require good credit. A car title loan would be a type of secured loan in which poor credit borrowers and the unemployed could be immediately approved. How title loans work is fairly easy to understand. Essentially, the title — ownership — of the car is put up as equity. The loan amount is going to be lower than the full resale value of the car. Interest rates may be very high. For some, a car title loan may be the only option available due to financial and credit history circumstances.

Other collateral loan options exist. Those who own property may explore home equity options, a low-interest endeavor. Borrowing from a pawn shop has become a popular form of secured borrowing thanks to television shows highlighting the industry.

Think Things Through

Any borrower who cannot be approved for a personal loan has to look for alternatives. In addition to looking at viable alternatives, serious thought must go into making any decisions. This prudent approach may help with avoiding a number of problems — financial ones — that otherwise might occur.

Importance of Learning About STDs

Sexually transmitted infections (STIs) and sexually transmitted diseases (STDs) are contagious afflictions that individuals contract through close physical or sexual contact. People of any age, sex, race or nationality who engage in active sexual relationships can be affected. Effective measures must be taken soon after diagnosis as treating an STI early can prevent further health complications.

The number of young people infected with STDs and STIs have increased. Especially because STDs and STIs can lead to severe consequences, it is important to learn about the causes, symptoms, effects and treatment methods of various sexually transmitted diseases.

You must understand that STD is much more than just a social stigma. It not only impacts patient’s health, but also relationships and mental wellbeing. Even though some STDs do not cause major problems, some of them can lead to infertility or death if left undiagnosed or untreated.

In most cases, sexual relationships aid transfer of these diseases. However, misinformation is a bigger culprit. People wrongly assume that STDs and STIs can only be contracted through sexual contact. It is to be noted that some of these conditions can be passed on by simple skin-to-skin contact with the patient’s infected area.

Some wrongly assume they cannot contract STD through anal or oral sex. The viruses can invade individual’s body via wounds, small cuts and even through mucous membranes in anus or mouth.

Diagnosis is often delayed because symptoms for most STDs are difficult to identify. An infected person might not notice the subtle symptoms and remain unaware of this health condition. They unknowingly pass the disease to others as they consider themselves STD-free.

It is true that there are some advised prevention techniques, such as using a condom, but none offer 100% guarantee. Condoms, for example, are cannot prevent STDs like genital warts and herpes that pass via skin contact.

Especially because the symptoms are not clear most often, it is important that you seek medical attention even when you notice probable symptoms. You can either go to a STD testing center or a reliable healthcare practitioner. It is also wise to see the doctor if you were exposed to someone who has a sexually transmitted disease.

Upon diagnosis, there is no reason to worry. If your test reveals positive result for a STD, it does not mean it will result in death. Most STDs are curable. The STD testing center or your doctor will prescribe medication required to help cure the disease There are many treatment options for most STDs. Note that along with treatment, most patients are required to follow long-term care and maintenance routine.

Great importance is given to informing the partner. This is important because he/she will be able to help and offer mental support. You will need someone who understands and supports you. It recommended that sexual partners of the patients should get STD tested too. STD infections are not always dangerous but they may pose threat and compromise individual’s health.

There are many different types of STDs, but they are usually asymptomatic. This is why it is difficult to identify whether someone is infected or not. Even if a person shows no common signs and symptoms, he can infect others. Therefore, it is critical to get STD testing done frequently. Some people express concerns about privacy. They can choose clinics that offer confidential STD testing. The doctor will also suggest the best course of action for you.

The exposure of different kinds of STDs makes it difficult to stay safe. It is wise to to educate yourself about the types of diseases and relevant information.

How to Lose Excess Weight Effectively

Obesity is perhaps one of the most common health concerns among people from all around the world. Dieticians often suggest a comprehensive weight loss solution based on a VLC diet (very low calorie) to help hurry the process. In general, burning more calories via exercise and limiting calorie intake is what helps weight loss.

However, the process is not as easy as it sounds. Suggest incorporation of physical activities in daily routine and reduction of food intake leads to weakness and other problems. Most people look for an easier way out where they do not have to starve themselves.

It is anyways important that you select a weight loss plan that is healthy. It should also have a long-lasting effect, unlike fad diets. If it is not easy to follow, you will be demotivated and chances of discontinuation are high.

If you wish to lose weight, you must first understand that this is a long-term process and entails commitment and dedication. The aim is to not only reach your ideal weight but also maintain the results. Even after you reach your goal, you must lead a healthy lifestyle.

On of the biggest reasons behind weight loss fails are the strategies followed by individuals. It is essential that you understand your body type and lifestyle before selecting a plan. Choose a regime that will keep you motivated till you reach the target weight. The Internet and magazine offer hundreds of strategies but below are 3 most important tips.

  1. Make a Long-term Plan

When you select a weight loss plan, choose one that you can follow even after you reach your goals. Strategies like starving yourself might offer quick results but it is difficult maintain in the long run. In fact, it can lead to serious health issues.

Instead, choose a lifestyle that includes healthy food choices and lots of exercises. You can easily adapt to these changes and also keep up. You can embrace one small change at a time and lead to a completely different lifestyle.

  1. Measure and Record the Changes

Some people might advice you to stay off the scale as it might discourage you. Even though measuring weight changes every day is not wise, it might help to check your progress on a routinely basis. The scale can guide you through the journey. In fact, it can also help prevent you from regaining the weight.

It will show you how close you are to your success and upon attaining it you must maintain it. If you find that the changes in weight are not satisfactory, you might have to make changes in your weight loss plan.

It helps to set specific weight loss target like weekly weight goals. You will then work hard to achieve them and then be motivated to work towards the bigger goal.

  1. Embrace an Active Lifestyle

In order to lose weight, you will definitely have to make healthy food choices. Another major change is incorporating exercise in everyday routine. It is not very difficult to start an active lifestyle. If you make smart choices, keeping up will be easy too.

A good tip is to engage in activities that interest you. Instead of getting a gym membership, try to do physical activities that are fun. Some people like walking in the part while other like swimming. Active sports are also a good option. Apart from these, healthier options like riding the bicycle to work, or taking the stair can help you lose weight.

If you follow all three of the aforementioned steps, you will see positive results towards your weight loss goals.

What No One Tells You About Surgical Cosmetic and Anti-Aging Treatments

With the baby boomers blowing out more candles on their cakes, certain industries are starting to pick up speed as they are of interest and need to this demographic. Apart from the obvious areas like health care, there are a couple of logical but less expected business niches that are profiting off of the baby boomers. One of these niches is cosmetic surgery.

However, it’s not just nose jobs and breast augmentation that they are coming for. More and more often they are requesting anti-aging treatments like facelifts, neck lifts, eye lifts and more. And though many people are happy with the effects that these surgical treatments bring, there are some facts that they forget to share when promoting it and recommending it to friends or acquaintances:

  1. Recovery Time

Most cosmetic and anti-aging surgery treatments require a dedicated recovery time, from 10 days to 2 weeks. Unless you work from home or have a very empty social calendar, it means that you will most likely end up hiding your swollen face at home during this time instead of going about your regular routine. That why non-surgical cosmetic and anti-aging procedures are appealing because they require little to no downtime. Now that’s something to think about.

  1. It’s Expensive

If you think that anti-aging creams at the drugstore are expensive, you will not like the costs associated with the surgical equivalent. Starting from $4,500 for eyelid surgery to over $12,000 for a facelift, you better hope those retirement investments were extremely successful, otherwise you’ll have to stick to alternatives. For that price, you can hire a top notch trainer to help you shape your body and you can buy the best non-surgical treatments and elixirs on the market and still have some money left over.

  1. Things Can Go Wrong

Other than a light allergic reaction or temporary rash, there is very little risk in using non-surgical anti-aging treatments. However, when you decide on going under the knife, you run the risk of something not going according to plan. From an adverse reaction to nerve damage, accidents during the surgery can result in irreversible disfigurement. Though this is more and more rare, it’s still a possibility that doesn’t exist with non-surgical alternatives.

  1. Scarring

Even if you get the best plastic surgeon to take you on as a patient, there is a big chance that you will be left with scars following your treatment. However, how long the healing process is and how bad the remaining scars will be, depend on your individual case. Your age, your skin tone and complexion, the size and depth of incision, and how quickly your skin heals, all have an impact on whether or not, or how bad the scarring will be.

  1. Not Permanent

Though the nearly immediate results of cosmetic and anti-aging surgery are satisfying, they cannot be considered permanent. Your body will continue aging, which means that your skin will continue to lose tone, the muscles in your face will relax, making them sag, and the wrinkles will deepen. However, because of your treatments, you will still look younger than your peers from your age group. In the end though, if you want to maintain your looks as they are permanently, you should get ready for going under the knife regularly.

With a growing aging population, the rate at which people are electing to undergo cosmetic and anti-aging surgeries is on the rise. However, the decision to go under the knife should not be taken lightly. There are many things that your friends and your surgeon won’t tell you about cosmetic surgery, and it is up to you to make an informed decision about how to go about your anti-aging treatments.

How to Save Money on a Long-Distance Motorcycle Road Trip

As a motorcyclist, you know that road trips are better on two wheels. You’ve got freedom. When everyone else is stuck in gridlock, you’re able to weave your way out of traffic. You can pretty much park everywhere, and your bike is harder to tow than a car or truck. Certainly, there are plenty of advantages to driving a motorcycle, but that doesn’t mean road trips are any cheaper.

Overall, motorcycle ownership is less expensive than owning another vehicle type; however, you don’t have a ton of storage, which means you can’t take many supplies on the road with you. This has the potential to make long-distance trips a bit more costly. Typical costs include fuel, food, accommodations, and insurance. Employ the following strategies to help you save on these costs and more. Then, you can brag to all your friends, who still drive on four wheels, about how much better it is to ride a bike.

Look For Insurance Savings

Before you hit the road, make sure you’re not overpaying for motorcycle insurance. Although basic liability is the cheapest coverage, this is limited insurance. It only covers expenses for others, so if you’re in an accident, personal injury and property damage (damage to your bike) won’t be covered if you’re at fault. To get the most comprehensive coverage at a price you can afford, compare rates and look for discounts, such as bundling car, home, and motorcycle insurance.

More ways to save:

  • Increase your deductible.
  • Take a motorcycle safety class.
  • Join a motorcycle club, such as Harley Owners Group, and take advantage of the group’s insurance discounts.

Improve Your Gas Mileage

You’ll use less gas when you’re obeying the rules of the road. Fight the urge to hastily accelerate; instead, maintain your speed and avoid quick breaking. You can also employ the help of a navigating app, which will tell you the fastest route to your destination. You will probably want to get off the beaten path to sightsee, but whenever possible, take advantage of shorter routes and flat stretches of road to save on fuel.

Don’t wait until you’re nearing empty to fill up. This is going to limit you to whatever gas station is nearby. Gas stations are notorious for increasing prices when they’re located nearby a highway exit. If you look for competitive pricing on gas, you can ensure you’re never overpaying. Check out this list of apps that can help: 5 best apps to find cheap gas.

Save Money on Food and Accommodations

Motorcycles don’t have enough storage to keep you satiated on your journey. This means you’ll do most of your eating on the road. Before you head out, make a note of diners and other low-cost restaurants on the way. You should also note grocery and convenience stores. Whenever possible, pop into a grocery store and pick up a few items that will fit in your bag and keep you going for a couple meals, such as bread and lunch meat.

As for accommodations, you’re going to get the most comfort from a hotel or motel; however, these tend to be pricey. To save, consider staying at a hostel or Airbnb property. There are apps that allow you to search for couch surfing opportunities, which are typically free, but it may be dangerous to trust a stranger. Some people see these apps as an opportunity for sexual encounters, which is a bit weird and has led to a decline in their use.

Final Thoughts

Your motorcycle’s manual will tell you when maintenance should be scheduled. For example, it may recommend that you replace the chain and sprockets at 15,000 miles. You can avoid costly repairs if you follow the manual’s advice. Regular maintenance should help prevent breakdowns, which cost a lot. Overall, be safe on the road and take advantage of savings wherever you can find them. If you’re keeping a budget, stick to it and you should be fine.

Squatters’ Rights: What to do When a Squatter has moved into Your Vacant Home

buy-a-house

You’ve been away for a few months and now you get to sleep in your own bed. You open the door and guess what? There’s someone in your house. They’re using your bathroom, sitting on your couch and cooking in your kitchen. They’re squatters. Squatters are people who take residence on a vacated property that doesn’t belong to them. It’s not a new craze, It’s as old as homeownership itself. Squatters have taken over single-person homes all the way up to entire neighborhoods.

While squatting isn’t new to America, it has become more common following the 2008 recession, which resulted in more than 5.4 million mortgages becoming delinquent or going into foreclosure. Many families ended up homeless as a direct result. Although the economy has since improved, there are still many reports of squatters. Las Vegas authorities received over 4,000 squatter complaints in 2015, which was more than double the number of reports received in Las Vegas in 2012.

What Not to Do

When you happen upon a squatter on your property, it is important to stick to the right side of the law. Don’t:

  • Attempt to keep the squatter off your property by putting padlocks on the doors.
  • Try to get rid of them by shutting off the utilities. Squatters wouldn’t be living in your house if they weren’t desperate. They will probably look for an alternative way to access these utilities. This may include improvising, which could result in the destruction of your property.
  • Attempt to intimidate them. They may cause you harm in retaliation.

How to Handle Squatters the Right Way

If your home is going to be vacated for a long period at a time, make sure that your property is secure while you’re away. However, if you do find a squatter on your property, here’s what you should do:

  1. Contact the authorities

Your first reaction should be to call the police. Don’t wait. Allowing a squatter to continue living on your property with your knowledge will be interpreted as consent of the living arrangements by the court. It is therefore important to let the police know as soon as possible that there is a trespasser on your property.

The police may not remove the squatter from your house. This is because it is considered a civil matter. However, they will help you begin the process of eviction.

  1. Give a notice of eviction

Give the squatter a notice for eviction. If you’re lucky, the squatter will leave having been served with the notice.

  1. File for an unlawful detainer action

If the eviction notice doesn’t get rid of your squatter, you’ll have to take it a step further and file a lawsuit for unlawful detainer. You may need the assistance of a lawyer to make sure that state law is followed to the letter. This will begin the formal proceedings for an eviction.

  1. Seek law enforcement to evict the squatter

If the squatter continues to persist, you’ll need to seek out local law enforcement to get him off the property. Never engage with the squatter or try to force them off the property yourself. Leave this to the proper authorities.

When you regain your home, invest in measures to keep it secure, this will include updating your homeowners insurance policy to include coverage for a vacated home will protect your home if any damage is done by a squatter. You can compare homeowners insurance quotes on sites like CoverHound free of charge.

Protect your house, home and family just by following the above, it’s not too hard.

There is more to it than Simple Closure

Professional advice has always warned against closing existing credit accounts. Your credit score is made up of a number of elements one of which is your existing debt relative to the credit that you still have available. You should ideally never exceed 30% of debt against your total available credit. If you zero an account then close it you will be reducing your available credit and therefore potentially harm your score.

You should certainly get rid of expensive credit card balances and can do that with a far more competitive personal loans. Modern online lenders provide a simple and speedy loan vice with approvals dependent far more on affordability rather than the previous history of the applicant.  Decisions are usually fairly immediate with correct applications and the money transferred automatically within the next working day. You will not face another interest rate charge on your card.

The question is whether you should retain the card. As long as you are self-disciplined in the future and only use the card for convenience then why not? You should be certain you can pay off your month’s spending in full at the end of the accounting period in order to avoid interest being applied.

The Scissors

There are occasions when taking scissors to you card makes sense:

  • Self-discipline can be a problem. You may be tempted by some special offer or the latest gadget. How strong is the will power? If you close an account then you cannot spend anything on it. Credit scores do judge accounts of some age higher than new ones and overall 15% of your credit score is made up of the length of your credit history. That is not affected if you close an account and removal of temptation may be worth the slight setback to your short term score. Your good history relating to the card will not disappear until the seven year limit removes it anyway.
  • If your card has a particularly high rate of interest or stringent terms and conditions it may well be worth closing it and getting a more competitive card. That will mean you retain your debt/available credit ratio. If you can negotiate the waiver of fees then by all means keep the card.
  • If your card is ever used fraudulently it makes sense to close the account. If it has been used once it may be vulnerable for unauthorized used again even though the first transaction was identified.
  • If the card is a joint account and you are splitting up it is obvious that the account should be closed.
  • At times a card is useful because of the rewards and promotions that have been a regular feature. If they no longer apply then it may not make sense to keep the card, especially if another card provides what you now need.
  • Where you have resolved never to seek credit again then more than a single card for convenience makes little sense. Your mortgage may already be in place so why have multiple cards when you are handing your payments well? That should ensure your credit score is fairly good.

If you get the scissors out then it is worth taking a couple of other steps at the same time:

  • You must keep your debt levels low. If your debt ration changes and harms your credit score if you reduce your debt you can restore your score without taking on a new card.
  • Where you have a choice of which card to close, close the newest one unless its terms and conditions are clearly better than an older card.

Ultimately anything older than seven years disappears from your credit history but by the time that happens with the positive entries on an account you have closed you can take  other prudent steps to improve your credit score elsewhere. That not only means reducing your overall debt but continuing to pay all your bills on time from personal loans to regular monthly commitments like utility bills or insurance payments.

If your financial management skills improve you need not worry too much about closing any account because you will find that your credit score will start to reflect your better performance when it comes to your financial affairs.

Three Money Mistakes Made by Millenials

Each generation wants to be more successful than the last, whether that is making more money, having enough to retire, or a home to be proud of, but it does not see like we are headed in that direction.  Whether you are just entering the workforce now, need to make adjustments to your spending habits, or looking for advice to pass down to your children, it is never too early to prepare for your financial future.  By avoiding some of the worst money mistakes you can make, you will be setting yourself above most, as I wish that I had followed earlier in life.

No Credit Card Discipline

Signing up for a free t-shirt promotion during my first semester of college started years of bad spending habits that would have been solved had I not had a credit card.  Sure having a card is good for your credit, as long as you make payments on time and pay off the balance each month, but in my case using it as an open spending account to have fun took years to pay off, teaching myself a lesson that I will eventually pass down to my children.

Not Contributing to 401(k)

When you graduate from college and start your career path the last thing you are thinking about is retirement, but pretty soon the years will catch up and you will realize you do not have much to show for it, so even if it is minimal, such as 3% or so, start contributing early.  If you are lucky to have your company match contributions, adjust for the max they will offer, as potentially thousands could be left on the table that you could have in your account.

Putting Off a Savings Account

The fact that the average American only has a couple thousand in the bank is no surprise as there is always something to spend money on, but you need to get in the habit of saving early on.   The more money that is left in your checking account is the more opportunity to spend on unnecessary items.  Use direct deposit to ensure that there are consistent contributions being made each paycheck.  There will always be big items to purchase, such as a home, car, wedding, so start young and you will thank yourself later in life.

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