Money Mistakes You Could be Making

While sure, insurance can help you, but it doesn’t help any potential money mistakes that you could be making.  There may not be a cut and dry answer to what is right and wrong, as everyone makes different amounts of money and have different financial goals, but across the board, if you can build up an emergency fund of a few months’ worth of expenses to give yourself a cushion, getting out of debt, while saving for the future you have a good start, but look to avoid a few behaviors that could set you back.

Trying to Keep Up

Sure, we have all heard the old saying about jumping off a bridge would you do it too, but I guess sort of the same thing goes when it comes to finances.  You don’t know everyone’s finances behind closed doors, from what the salary is, to what expenses are, not to mention how much debt they’re in, so just because your friends or family are throwing around money, doesn’t mean that you have to as well.  Keep in line with your budget and make sure your own finances are on track.

Paying Credit Card Interest

Credit cards are great in the fact that you can charge up and not pay until next month, but if you’re not careful that balance can get out of control and you could have trouble paying by the due date.  If that’s the case and your carryover a balance, you will begin to pay interest, which depending on the card could be as much as 16% APR, and depending on how high the balance is, could start to add a significant monthly payment until the balance is gone, provided you pay more than the minimum to get rid of it more quickly.

Missing Out on Company-Matching 401k

Retirement may be decades away but that doesn’t mean you should avoid thinking about it until later on.  The earlier you start to save, the more it has to grow over time and the more you are left with to continue to enjoy life when you finally do walk away from work.  While you should increase contributions every year to maximize savings, don’t miss out on taking advantage of any company-matching contributions that would be leaving free money on the table if you otherwise didn’t use it.  That could be tens to hundreds of thousands of decades from now!

Not Taking Advantage of Credit Card Rewards

I understand the resistance to use credit cards for some that may have a spending problem and don’t want to risk going into debt, but if you can keep spending within your budget, using a credit card for all purchases can actually make sense when it comes to rewards, points or dollars that you can earn just by making the purchases you were going to make anyways.  Not taking advantage of that would be leaving free money on the table, adding up to hundreds to thousands a year depending on how much you spend and the significance of the rewards card.

A Few Ways to Save Money on Purchases

While sure, you can start doing an opinion outpost or few to start making some extra money, but a good place to start is reducing the expenses that you already have.  From getting rid of your cable bill, to avoiding going out to eat, to even just cutting out impulse purchases that you don’t need, you can free up extra money that you can put towards better use, such as paying down debt, building up an emergency fund, or better yet, saving for retirement.  I understand there are certain purchases that we do need to make, and that’s where we …

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3 Tips To Improve Your Money Management Skills

If you’re not adequately handling your finances, you may be stressed out and struggling to keep up with your bills. Although your problem may be due to the fact that you’re not earning as much as you need, some of it may be due to poor personal money management skills.

There are some basic personal finance management techniques that you can quickly learn to begin to feel confident about your ability to manage your finances. Let’s take a look at how to get money for a financial emergency, how to create a budget, and how to build awareness around money.…

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Use a Credit Card the Right Way and Avoid Making Mistakes

Believe it or not there actually are right ways to use a credit card that can actually be financially smart but it’s the mistakes that will get you in trouble.  With the amount of fraud these days, it’s risky to even use a debit card, with your bank account potentially being wiped out if anyone was able to grab your information, until you sort everything out.  Making credit card mistakes are common, so try and avoid these so you can continue down the right financial path.

Not Taking Advantage of Rewards

By making the purchases that you would be making …

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Making a Study

If you’ve got a spare room in your house, you’re enjoying a luxury few have! Rather than waste it by simply filling it with dusty boxes you never got around to unpacking, you can clear the room out and make it serve a more productive purpose that will make it an asset to the house.

Today we’re looking at the steps you need to follow create a study you can really work in, whether you run a business from home, or simply want somewhere you can work on your life admin in comfort.

The Blank Canvas

The first thing …

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Expenses You Can Look to Reduce this Year

While you could look to an opinion outpost to give you all of the answers, the truth it it’s up to you to make your own financial decisions and in order to free up extra money each month so that you can build an emergency fund to give you a cushion in case of unexpected expenses, not to mention fund your retirement account so you are prepared when you do finally decide to walk away from work, you need to reduce monthly expenses right now.

Get Rid of Cable

This may be a tough one to swallow, but think about …

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How to Score the Best Deals on Gadget Insurance

So you have just splashed out on a brand new iPhone and want to insure it in case something happens, but don’t know where to start looking or what you should even be looking for? We can help. These days, many people look into insurance for their recently bought gadgets, what with ever increasing prices and so on. When spending so much money on a device that is really so delicate and easily breakable or lost, protecting it with insurance is really a no-brainer. We are here to help guide you through insurance plans and help you find the best …

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Be Frugal and Avoid Just Being Cheap

Living the frugal lifestyle is a great way to free up extra money each month.  After all, it’s important to build an emergency fund of a few months’ worth of expenses to give yourself a cushion if any large unexpected charges come in, a lowes build and grow, or being able to float yourself for a few months in case of a sudden job loss, not to mention save for retirement, which will come quickly and you don’t want to be unprepared.  There is a line to cross though from being frugal, to well, just being cheap.

Have Proper

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Focus on Raising Your Credit Score in 2018

There’s plenty of talk about a resolution to lose weight, but what about your finances?  How about your credit score?  Those seems to be targets that are more important than probably losing ten pounds for beach season.  Instead of spending your days asking what a aaa membership cost, how about taking a hard look at your credit score and look for ways to improve it, so you can take advantage of the best interest rates on the market when looking for a mortgage, loan, or a new credit card.

Review Your Credit Report

There is so much fraud these …

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Why You Should Use a Credit Card for Christmas Shopping

One can argue that you should use a credit card for all purchases you make in a given month, but if you are afraid to totally rely on a credit card I don’t blame you, after all, it takes discipline to keep the balance down enough so that you can pay it off entirely by the statement due date, otherwise interest starts to incur.  If you want to try out baby steps and just use for Christmas shopping only, then you can start to see why using credit cards actually make plenty of financial sense.

Better Fraud Protection

When you …

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