Posts Tagged ‘personal finance’

How To Manage Your Money Wisely: Two Key Hints

It goes without saying that prudent money management is basic for a happy and financially stable life. What’s more, there is a need to indicate that inadequate money management skills usually influence the ability to make good decisions and can even harm the relationships in families. This can even lead to problems with physical and mental health. That is the reason it can be said for sure that good finance management is a critical skill and the good news is that it can be learned by each one.

And now I would like to reveal 2 key advices that can assist to solve all your financial problems and make your family happy.

Primarily, you need to know where precisely your money is going. To go into more details it should be mentioned that there is a need to stop the financial outflow. So, start paying a particular attention to your daily, monthly and yearly expenses. You should start recording your expenses, this way it will be easier to check your finances. In fact, you will be even surprised to find out how much cash you spend on completely pointless things. As soon as you find out where your money is going, it will be possible to restrain unnecessary expenses.

The second vital advice to be aware of is that in order to be able to manage your money well you need to make a budget that works for your specific situation and stick to it. It should be pointed out that you can create your own, or you may also prefer getting a free budgeting form from focused sites online.

While dealing with a budget, you need to take care that a part of your income always goes to debt reduction and savings. In other words it means it is very important that your budget meets your financial obligations. You should also know that most likely you will have to cut down on certain expenditures in order to be able to live within your budget.

These are two fundamental steps you should start with in order to make your financial situation better and your life stress-free.

How to manage my finances? If you want to find out the answer to this question, click the link!

Get some helpful information on how to manage finances here!

By the way, if you are serious about the way you are dealing with family money (and you better should), personal finance software can really help!

Be the first to comment - What do you think?  Posted by Money Guru - September 18, 2011 at 8:04 am

Categories: Budget   Tags: , , , ,

In A Financial Emergency, Resorting To Payday Cash Advance Might Be Just The Thing

Isn’t it irionic that just when you really don’t need it, life throws an unexpected emergency situation at you. In today’s tough times, getting by is hard enough without having unexpected expenses cropping up depleting already hard pressed wallets.

So what plan would you put into action if you need some extra cash to get you out of a tight situation?
You could use a credit card but what if your balance is already full? What about getting a loan? Well, credit is not that easy to come by still and most banks will only lend to you if you are a customer of theirs. It is not like the days of two or so years ago when the banks would literally be throwing credit at you.

Times have changed. You could go for an overdraft. If you manage to get one approved then all well and good. But what happens next if you get refused an overdraft? Going overdrawn without permission should not even be thought about. You are looking at serious interest and charges, often into 6 figure APR’s!

You could call upon family or friends to see if they can help but they are more than likely in the same boat as you are financially.

So what do you do? What if you need to pay for your car to be fixed in order to get to work, because if you can’t get to work you don’t get paid Well, one form of short term finance that is readily available is payday loan advances. These instant cash loans are short term loans designed to get you through your time of difficulty until you next get paid at which point you repay the loan. Simple.

Although payday loan companies get a lot of negative press, erroneously in my opinion, there is no other form of credit available whereby you know exactly when you have to pay the loan back and precisely how much you will need to pay back. If you borrow £100 you have to pay back the £100 plus £25. That is it. No hidden charges and you know precisiely how much you need to repay. Totally transparent. Unlike credit cards or overdrafts.
Visit for all your personal finance requirements.

Be the first to comment - What do you think?  Posted by Money Guru - April 22, 2011 at 2:03 am

Categories: Uncategorized   Tags: , , , ,