directors loans can you get a loan from your company - Title Loans: What is the Real Cost?
Budget Finances

Title Loans: What is the Real Cost?

Don’t have a high credit score and are in dire need of cash? Do not worry. You can solve your short-term liquidity problems by engaging in a loan format known as a title loan. Ultimately, a title loan does not take into account a candidate’s creditworthiness during the appraisal process. Due to less stringent criteria, […]

featured4 - Budget 101 (Mom Edition): Helpful Tips to Keep Moms on a Financial Track

Budget 101 (Mom Edition): Helpful Tips to Keep Moms on a Financial Track

featured3 - Navigating Debt: How to Responsibly Combat Debt
Debt Management Finances

Navigating Debt: How to Responsibly Combat Debt

Debt is often met with a negative connotation. However, there are certain types of debt that are completely necessary so it is important to be aware of how you can handle them. Today, we wanted to take a spotlight and shine it upon how to responsibly combat debt. Here are a few ways that you […]

life insurance 1 - Life Insurance for People with HIV

Life Insurance for People with HIV

It is hard enough for a healthy person to obtain and procure a lucrative life insurance policy. And if you suffer from a disease such as HIV, then you have even bigger mountains to conquer. Yes, the path to getting a life insurance policy becomes a lot more challenging and trickier, but it is doable […]

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life insurance 1 - Life Insurance for People with HIV

Life Insurance for People with HIV

It is hard enough for a healthy person to obtain and procure a lucrative life insurance policy. And if you suffer from a disease such as HIV, then you have even bigger mountains to conquer.

Yes, the path to getting a life insurance policy becomes a lot more challenging and trickier, but it is doable as there are companies out there who have a heart- as well as a desire to improve their financial bottom lines.

The main question here is that can you, as an HIV positive patient, still get access to a HIV life insurance at a low price? In preceding days, such a request was almost unheard off.

But thankfully, the global mindset is changing and evolving to recognise HIV and AIDS as other terminal illnesses and is now possible for its sufferers within their prescribed budget.

What kind of life insurance policies are available for HIV patients?

There is a plethora of life insurance policies accessible to such people. Of course, it depends on their requirements and the type of insurance policy they desire.

Life insurance service providers now offer to personalise and customise life insurance packages to cater to individualistic customer needs. Ultimately, there are three main classifications for such schemes:

  1. Guaranteed acceptance life insurance policy

This policy is available for all persons and does not factor into account their health conditions. The catch is that there are usually high premium costs attached to it because of the greater degree of risk involved and is restricted in its coverage scope. Such schemes usually are the last choice for life insurance prospective buyers.

2. Group employment life insurance policy

This is usually provided by employers to all of their staff workers which would include all HIV patients.

       3.Critical life insurance policy

As you may already know, HIV falls under the category of critical life illnesses. Life insurance companies that serve such a consumer segment will include HIV patients in its marketing efforts.

Such life insurance policies come with a reasonable premium and may not require its buyer to undergo a medical examination. Do your homework and survey the life insurance market to identify top life insurance packages with the best premiums available.

This way you can also review all the life insurance products available with their distinctive requirements and see which life insurance package will suit you best.

Barriers for HIV Patients

It is rather unfortunate that those individuals who suffered from HIV in the 1980s and 1990s faced discrimination from the societies they lived in on top of their physical and mental pain.

Such unwelcome biases were not just restricted to those suffering from HIV but was extended to pretty much anyone inflicted with a sexually transmitted disease. HIV was mostly associated with the homosexual community back in the day then and faced extra heat due to it.

Even though the attitude towards homosexuality borders acceptance, there is still an aura of prejudice in the air against them. Even when they engage in daily life activities such as playing sports, finding jobs or buying groceries, people will treat them differently.

In the United States of America, the government endeavoured to limit or prevent such discrimination by introducing bills such as the Americans with Disabilities Act. It has categorised HIV as a pre-existing condition and hence does not warrant discrimination.

This has empowered HIV patients to an extent in the United States of America and opened up new doors of employment for them. It also lets them gain access to group employment insurance without any prejudice.

Even though the year is 2018, another obstacle that HIV patients still encounter is access to proper care. An approximate fifty percent of such patients are usually not looked after appropriately due to a lack of awareness or knowledge or due to a limited supply in medicines.

What will life insurance cover for HIV patients?

The good thing is that technology is constantly innovating, improving and inventing new things across all industry verticals that includes medicine. Their quality of life has ameliorated notably and increased their chances to obtain life insurance policies.

As per the CDC, there are a million souls out there suffering from HIV. Want to know something even more mind-blowing? Eighteen percent of them are not aware of it! Good news is that its spread has slowed down and corresponding awareness rates are also going up. So, there is still better hope than there was compared to twenty years ago.

Sure, the life insurance premium rate offered to HIV patients is still high, but at least they finally have access to it. Why? Simple. Because technology has improved medicine, hence increased their life expectancy rates.

We recommend that you wait a bit after your diagnosis to demonstrate your health and survival rate of fitness to the life insurance company to let them know that you are not going anywhere. Keep in mind that your age will play a factor here.

An earlier diagnosis will give you better chances as that illustrates your higher life expectancy and quality of life.

So, if you want such a life insurance policy and if you’re a HIV positive patient, then keep all your medical records on hand and keep them updated. If you have a record of up to 3 years, even better.

Share all HIV information

If you don’t openly share your health and HIV condition, then chances are that your request for a life insurance policy will be denied. Maybe you do not wish to pay that higher premium.

But trust me, it is better to be open, honest and transparent to avoid being blacklisted in the life insurance product market. The company you’re applying at will conduct its own investigation to inquire and verify the information you provide and will speak to your doctors directly.

Once they release that information it won’t reflect well. Keep in mind that societal acceptance of such diseases is only growing by the day due to more information being available and people educating themselves. A lot of HIV patients are leading normal lives and so can you.

featured7 - Five Common Mistakes People Make With Their Money
Financial Literacy Money

Five Common Mistakes People Make With Their Money

When it comes to finances, not everyone is as savvy as they would like to think that they are. We believe that when more people are made aware of common money mistakes, they would be better aware of how to avoid them.

In light of that thought, we wanted to discuss a few of the more common money mistakes that people tend to make with their finances. Mistakes like:

Not Having a Budget

11 - Five Common Mistakes People Make With Their Money

Everyone needs a budget. Everyone can benefit from a budget. When it comes to spending, knowing how much you CAN actually spend versus what you WANT to spend is a great way to stay on the safe side of things.

When you do not have a budget you leave yourself and your finances wide open to sudden spending and coming short when you really shouldn’t.

Spending Based on Assumed Money

12 - Five Common Mistakes People Make With Their Money

Let us explain this one. A lot of people tend to pre-order or actually buy stuff thinking that they can afford something because they’ve got money coming in. So basically, they’re spending money that they don’t have yet which is worse than charging something on a credit card.

When you spend money you only think you have as opposed to money you ACTUALLY have, you set yourself up for a lot of financial trouble.

Piling on Regular Expenses

13 - Five Common Mistakes People Make With Their Money

There are certain things in your life that will always come with necessary cost. These of course refer to food, shelter, utilities and medicine. These are the most basic expenditures that you will have. The trouble is that since those needs are being met, a lot of people tend to pile on so many other expenditures.

We’re talking about gym memberships, Netflix, designer coffee, and even vacations. Having these unnecessary expenses can really catch you unaware. One moment you think you have a lot of extra cash then you blink and there’s a big of bills waiting for you.

Not Having Secondary Source of Income

14 - Five Common Mistakes People Make With Their Money

A lot of people tend to only have a single source of income for everything and they end up feeling like they need to work 50 years in order to afford everything that they need. Any smart consumer will try to look for a secondary source of income.

Those that do not look for this end up having to live from paycheck to paycheck and that really sucks. Everyone makes money mistakes—this much is true. However, it is what you do with those mistakes that define your financial health and progress. If you haven’t made any of your own financial mistakes, we highly suggest that you read up on the mistakes that other people have made. Use their experiences to pad your knowledge on how to navigate finances.

There are a lot of different mistakes people make with their money. What common mistakes have you come across?

featured6 - Jumpstarting Your Savings: Things You Should Curb
Finances Money

Jumpstarting Your Savings: Things You Should Curb

Building a savings account can sound like the easiest thing in the world! However, it is when you’re about to start it that things don’t actually seem as easy as you may have thought it did. Today, we wanted to discuss with you the things that you should curb when you’re trying to build a good savings.

Lackadaisical Attitudes

One of the biggest hindrances to a savings account is the attitude and the mindset of the person that is trying to build it. A savings account or budget is one which will require steady commitment when you’re about to start it.

If you are thinking of starting one now and then skipping on it later, you’re not going to get anywhere. Money is fluid when in the face of flaky attitudes. If you’re hoping to keep that fluid in your life rather than having it leak into the ground, you need to be firm in your mindset.

Curb any thoughts or feelings that tell you to be laidback about your budget.


Malls and retail establishments tend to study the spending patterns of their clients in order to really maximize their profits. That profit is your savings’ demise. So it would be very important for you to study the patterns too and avoid them.

The sales come with the seasons. Remember this simple truth: if a normal item costs $100 but is on sale for $60 you didn’t save $40 but instead, you spent $60 that could have gone into your savings. The world of advertising and retail are crafty little buggers so you need to watch out for them.

Curb your desire to go into a store simply because there’s a sale going on.

Emotional Buying

Humans are VERY emotional creatures. A lot of our spending is borne out of a desire for something new or to perk us up if we feel down about something. Your emotions can be detrimental to your savings if you are not careful about it.

You need to always be in possession of your general faculties when it comes to your money and what you’re going to spend it on. Try to curb any urges to buy something because you “feel” it’s the right time. Always let logic lead you purchasing decisions rather than your emotions.

Knowing what is detrimental to your savings—and building your savings—is a great big step in actually being successful in sustaining it. After all, you can easily prepare for a speed bump if you know it exists. When it comes to your savings, you should always keep an eagle eye out for any possible dangers. When you keep a (or several) healthy savings, you afford yourself with a more comfortable quality of living.

What do you plan on curbing when it comes to what threatens your savings?

info3 - Jumpstarting Your Savings: Things You Should Curb
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directors loans can you get a loan from your company - Title Loans: What is the Real Cost?
Budget Finances

Title Loans: What is the Real Cost?

Don’t have a high credit score and are in dire need of cash? Do not worry. You can solve your short-term liquidity problems by engaging in a loan format known as a title loan. Ultimately, a title loan does not take into account a candidate’s creditworthiness during the appraisal process. Due to less stringent criteria, this class of loan is rapidly approved and ranges in amounts. It can even be as low as £100.

Car Title Loan

Loan aspirants tend to apply for title loans to procure vehicles. This kind of title loan is known as a car title loan. What happens is that candidates use the car and hand over the ownership title to the loan service provider.

The latter will loan twenty-five percent of the automobile’s aggregated value to the candidate and maintain the car’s title deed as collateral. Normally, title loans for vehicles average £1000 and can go higher. Lenders outline repayment plans depending on the circumstances of the candidate in question.

Some may allow a one-time payment after a month only whilst others may opt for a more flexible scheme that spans a period of two years and consists of monthly payments. If a payment is missed or defaulted, then the lender has the right to take control of the asset instantaneously.

Retrieval of Asset

If you declare an asset as collateral against a loan, you make it open to a fair takeover by the lender in case you are unable to meet a payment. They will have the legal right to own your property.

Do your homework and research the world of financial lending instruments. You will come to realize that there is a myriad of products available with better terms and conditions to suit your needs.

Compare variant portfolios of fiscal services offered by lending institutions such as Top Loans Companies and see if you can cash in on a promotion or a new deal. New players in the financial market usually give a discounted incentive to attract new consumers and to increase their customer base. You never know, you may just hit the jackpot!

The Real Price of a Title Loan

Title loans may sound like manna from heaven to those who are financially strapped and need money fast. Regardless of the urgency, you must stop and consider whether it is truly worth your time and energy to take on a title loan. Its very nature involves a high annual percentage yield (APR) that can go up to three hundred percent and is usually more than a hundred percent of interest rate.

To understand this clearly, consider a £500 car title loan with a complete repayment in thirty days. Even with such a short time, the annual percentage yield can go up to three hundred percent. Essentially, the loan applicant will end up paying £625 as the principal sum along with interest.

Another instance that required a higher amount: say £1000. The terms allow for a two-year instalment plan can have an annual percentage rate of one hundred percent. Under this situation, a 108% APR will end up being a total payment of £7394 as interest charges besides the main sum of £5000. This means it would be a total of over twelve thousand pounds that the candidate pays over a period of only two years.

Misrepresentation of Title Loans

Did you know that title loans are illegal in twenty-five states in the United States of America? The states of Virginia and Missouri witnessed cases where title loans had been taken out by customers. Or so they thought they had. With variant terminology to disguise the true nature of the loans, names such as “consumer finance loan” or “consumer instalment loan” have been utilized. The fact is that such finances are less structured and regulated than their predecessor of title loans. Fiscal establishments offering this kind of service have strategically designed reimbursements to go on much longer than normal loans and have virtually an unlimited volume of interest attached to it. Wannabe loan sharks deliberately take part in this practice to filter out state level rules and regulations. The best way to protect yourself is to stay away from it in the first place.

Loss of Collateral

As previously stated, a lender has the right to take possession of the provided collateral in case of a defaulted payment by the borrower. According to a study conducted by the Consumer Financial Protection Bureau, every one out of five borrowers lose their property. We hope you understand what this number is as it constitutes a staggering twenty percent of asset loss.

Elevated Interest Rates

Title loans are infamous for incorporating ridiculously high interest rates. And usually these are much greater than other loan formats, such as a credit card. People try to stay away from the clutches of credit card debt; yet the super high interest sums charged under title loans make the former an attractive financing option. With a three hundred annual percentage yield over a short period of time, people don’t stop to think and make calculations themselves to truly comprehend the economic trap they are getting themselves into.

Exorbitant Fees

Everyone wants to make a little extra moolah here and there. However, title loan service providers take this concept to a whole new level. They have come up with pricing strategies that are applicable to a diverse range of circumstances. For instance, if you submit your payment a bit, you will get slapped with an extremely high late fee charge. Want to increase the life of your loan? Yes, you guessed it-there is a fee for that too and is known as a loan extension charge. Apart from that, things like processing fees, application fees etc can be claimed as well.

End of Term Balloon Payments

There is another alternative to short period title loans: long term ones. What happens here is that you recompense the interest sum only every month. This loan category is known as a balloon loan as you repay the principal sum at the end despite the regular interest payments you have been undertaking.

personal injury lawyer - Injury Claim Lawyers - All You Need To Know
Finances Money

Injury Claim Lawyers – All You Need To Know

Accidents happen all the time, and by their very nature are hard to avoid. However, there can be times when the misfortunes we experienced are due to the negligence of someone else.  The repercussions of an injury can be disastrous and can end up with us being absent from work for some time.

Although some of us will be able to make use of available sick days, these will sun run out and we may find that we have reduced income to try and meet our financial demands.

Evidently, this can be difficult, so it’s important that we’re able to gain access to the right professional when looking to make a claim in relation to personal injury. Here are some top tips from Jones Whyte who are a top Personal Injury Lawyer Glasgow.

What Is a Personal Injury?

To make a successful claim in relation to a personal injury, we must understand what one is.

Although there can be a lot of similarities among legal cases, there can also be several factors that means the case has to be approached in a different way.

A personal injury can be defined as the following:

  • A psychological issue.
  • A physical injury or illness.

There can be many examples of personal injury, including the following:

  • An injury at work.
  • A psychological or mental-health issue that is work-related.
  • An injury caused by a road traffic accident.
  • An injury sustained as the result of a crime.
  • An injury occurred because of defective goods.

There can be other instances that arise but making a claim for a personal injury will normally mean that the injury was a result of negligence.

Why Make a Claim?

Some injuries can be more serious than others, so it stands to reason that concentrating on recovering will be the focal point of many. Even if the recovery time is quick, there can still be times when the injury causes long-term issues.

In some instances, injuries can have ramifications on our financial standing. Others may affect our way of life. As such, it’s important that we speak to an injury claim lawyers as soon as possible to find out what the legal perspective is.

Who Is Able to Make a Claim?

Anyone who feels that they’ve experience an injury in relation to negligence or crime. Those looking to make an injury claim must be over the age of 18. If the individual is under 18, then they will need someone to speak on their behalf, which is often done by a parent or carer, although other professional may be brought in, depending on the nature of the personal injury claim.

There can be different requirements, depending on the type of personal injury claim you’re making. For example, if you experienced your injury due to crime, then the crime will need to be reported.

Similarly, any injuries received as the result of an accident need to be looked at as soon as possible. Doing this in line with starting a personal injury claim can be a great way of ensuring that all the evidence is recorded.

Should you decide to visit a medical professional later on, then it could mean that a full diagnosis can’t be made. Of course, there may be reasons as to why you can’t be seen sooner rather than later, but where possible, medical advice should be sought as soon as possible.

Being Aware of Time Limits

There are time limits associated with personal injury claims, which is another reason why it’s important to speak to an injury claims lawyer as soon as possible.

A personal injury claim for compensation can be made within three years of the accident, or within three years of discovering that an injury was because of negligence, whichever is later.

How Compensation is Claimed

As advised, there can be many factors that make up a legal case, so the way in compensation is claimed in relation to an accident can vary, and may occur in the following ways:

  • Via a claims assessor.
  • Legal action taken in civil court.
  • Making a claim to the Criminal Injury Compensation Authority.
  • Through a criminal compensation order.

The Amount of Compensation You Will Receive

Again, there will be several factors at play in relation to legal proceedings, so the amount of compensation you receive will depend on the circumstances of the injury. There could also be instances where you receive two types of compensation.

Should I Except an Out-of-Court Settlement?

In some instances, there will be times when those making a claim in relation to a personal injury are offered an out-of-court settlement. In many instances, it can be tempting to settle if the amount seems fair, but it’s important to seek legal advice in every instance.

Although the amount offer could be plentiful, a more realistic settlement may be won in court, so it’s important to consider your options.

Choosing the Right Solicitors for Personal Injury Claims

With so many legal factors to consider, it’s not only important to ensure that we find a solicitor, but that we use the right personal injury lawyers.

Although many firm will offer a professional service, there could be some that don’t offer updates as frequently as they should. There could also be instance when important aspects of your case are overlooked, which could be detrimental

As such, you should ensure that you’re only using the services of personal injury lawyers fglthat is experience and manpower to contend with you case.

You can also check online reviews to see how past clients have fared with a particular firm in the past.

Remortgage guide - When’s the right time to remortgage?
Finances Money

When’s the right time to remortgage?

As a homeowner, you’re inundated with information about financial products that might be right for you – and a lot of that information will centre around remortgaging.

This marketing info is designed to tempt you – from better rates, to home improvements and lifestyle enhancement, there always seems to be a lot of reasons to consider changing the mortgage product you’re using – but is it right for you?

Your mortgage is likely to be the biggest financial commitment you’ll ever make, so making sure it’s exactly right for you is important. As such, we’ll help you to pose a few questions that’ll help you decide if remortgaging might be right for you, including:

  • How does remortgaging work?
  • What are some remortgaging pros and cons?
  • Do my options change if my credit rating is poor?

Who can help you decide?

While this article covers some interesting questions that might help you decide if remortgaging is right for you – it is not a substitute for talking to a qualified financial advisor such as The Loans Department. To make sure there’s no small print you’ve missed, you should always check major financial decisions with someone who’s qualified to offer advice.

What is remortgaging?

When you remortgage your property you’re simply taking out a new loan that’s secured against your house.

This will mean your previous loan is paid off, and the new loan set up – often with an adjustment to interest rates, the way the loan is repaid, or how much the monthly repayment will be. If you don’t have a current mortgage loan against your house, remortgaging will simply release some of the equity you have in your home – and repayments will begin soon after.

What are the pros and cons of remortgaging?

Remortgaging isn’t just about fancy marketing that promises a lot – being smart with the mortgage products you use can save you a LOT of money, especially considering mortgages are normally repaid over 25 years or more.

Take a look at some of the pros and cons relating to remortgaging your home.


You might find a better interest rate

Mortgage interest rates frequently change, both for marketing purposes – and sometimes, because of the specific conditions of the mortgage product you currently have. Some people are paying their lender’s Standard Variable Rate (SVR) after their initial attractive offer has come to an end, other people may have signed up for their mortgage during a period when lenders were unable to offer their most attractive rates.

Whatever the reason, there’s a chance that remortgaging may drop your interest rate, leaving you paying significantly less over the full mortgage term.

You can continue a great deal

There are instances when the end of your term on a fixed mortgage interest rate might represent a large increase in your monthly repayment amount – but that can sometimes be avoided with the right remortgage. If you’re reaching the end of your deal, talking to an advisor can see that you move to a similar (or better) product.

You could cap your interest rate

If you’re worried about interest rates increasing, you’re very definitely not alone. Remortgage providers may be able to offer you a product that’s designed to put an upper limit on the amount of interest you’ll pay – meaning you can lock your repayments to a certain amount for a set period of time.

You can find some payment flexibility

If your mortgage product is currently very rigid, you may be able to find a lender who offers more flexible terms – in some cases, offering underpayments, overpayments or payment holidays.

You can release some money from your home

If the value of your home has gone up significantly since you last mortgaged, you may find that a remortgage allows you to release some money while maintaining a good interest rate. This is often the case when people have done significant extension or renovation work on their home.


You may have to pay some penalties

Remortgaging can often cost – and it’s not always because of the fees around setting up a new product.

You may find that your previous mortgage product comes with repayment penalties – a way of the lender ensuring they do not lose out if you want to sell or move away from using them before a set period has elapsed. You might save money with your new deal, but it’s important to work out that remortgaging will mean you’re still better off, even if you’ve had to pay penalties.

It isn’t always worth it

It’s not just mortgage redemption penalties that mean remortgaging might not make financial sense – sometimes, people with just a small amount left to repay will find remortgaging doesn’t work out in their favour.

If you have less than £50,000 remaining on your mortgage, it’s worth making sure you’ll still come out financially better off – as the fees involved with your new mortgage may eat into the monetary benefits you see if you change.

You might struggle to find a lender if your house value has dropped

It’s not just your personal financial health that can impact your chance of getting a good remortgage deal – occasionally, a reduction in your houses value can mean a less favourable interest rate is offered. Checking the value of your home before you proceed will give you an indication of whether or not a lender is still likely to offer you a competitive deal.

Can I remortgage with a poor credit rating?

A person’s credit rating is subject to change at any time – and yours may have changed since you took out your mortgage product.

In theory, you may well still be able to remortgage, even if your credit rating is poor – however, your circumstances may stop you from getting the very best deal. If you feel like your credit rating has taken an impact since you got a mortgage (or last remortgaged) – it’s worth doing the maths to ensure you’re getting a deal that’s right for you.

First, check that the lender you’re hoping to borrow from is happy to offer the product – if they are, find out if the advertised interest rate still applies, or, if not, what interest rate they’ll be able to offer you.

Talking to a mortgage advisor is part of the strict lending criteria that all lenders must abide by – when you do, it’ll give you a chance to discuss your current financial situation. In return, the mortgage advisor you’re talking to may well be able to offer some product suggestions that will help you to get back in control of your finances.


featured5 - What Sort of Savings Accounts Should Every Person Ideally Have?
Finances Financial Literacy

What Sort of Savings Accounts Should Every Person Ideally Have?

When it comes to the idea of savings, a lot of people tend to get it wrong. What they believe is that they simply need one “rainy day fund” and that’s that. However, this couldn’t be farther from the truth. The truth of the matter is people should generally have several savings accounts.

Let us break them down for you:

Emergency Fund

The emergency fund is the savings account that you tap into during emergencies—hence the name. It is something that you should religiously deposit into and do not touch. The only viable reason why it should be tapped into is in the face of sudden loss of income.

You’ll be thankful that you have this particular fund!

Sinking Fund

This is the sort of fund where extra money goes. It’s called a sinking fund because this is the fund that is commonly used when there is something that needs to be fixed. If there is anything that goes beyond the normal spending budget, this is the account that you tap into.

For example, let’s say that you’ve already allotted money to where they’re supposed to go but then your car starts to act up. You don’t tap into your emergency fund. Instead, you tap into your sinking fund.

Medical Savings

You would be surprised at the sheer number of people that normally equate the emergency fund with the medical savings fund. When illness or medical emergencies strike, this is the fund that you use. What’s good about this fund is the fact that there are insurance firms which help you build this particular fund.

So you’re not reliant on the bank or your budget to keep making space for it.

Retirement Savings

Yes, as early as now you should save up for your retirement. This is the sort of savings account that you regularly deposit into and do not see until you are considering retirement. It’s up to you to determine what age that is going to be.

As much as possible, don’t rely on your kids to tide you through your autumn years.

Spend Fund

What’s the use of having money when you’re not going to spend it, right? This is the fund that you utilize for all the things that you want to buy. Normally, you shouldn’t buy anything that this account cannot afford. This is a great way to make sure that you will always stay within budget.

Savings is a topic that should be taken seriously by everyone who ever handles money. A common mistake that is often done by a lot of people is that they believe that they can just keep on making money and put off starting a savings account. Do not make that mistake. If you have yet to start different savings accounts, you really should get to it.

In that light, which one are you going to start with?

featured4 - Budget 101 (Mom Edition): Helpful Tips to Keep Moms on a Financial Track
Budget Finances

Budget 101 (Mom Edition): Helpful Tips to Keep Moms on a Financial Track

If you go to any household in the world and ask who handles the finances, there is a big chance that the answer will be the mother of the household. However, this does not mean that they do not need some help when it comes to budgeting. A household budget is rather important!

It is the budget which encompasses the majority of the expenditures of the home. If you’re wondering what sort of things should fall under the household budget, here are a few examples:

  • Utilities
  • Groceries
  • Household Medicine
  • Clothing
  • Household Maintenance

Of course, there are a lot of different things that fall under the budget of a mother. We’ve received a lot of calls asking for a discussion about how to better handle household budgets. So we’ve come up with some of the personal tips borne from the experience of our writers and contributors!

Create a Budget

This may sound redundant but a budget is critical in order to be on a good financial track. If you’re in charge of a household, we highly suggest that you do an inventory of everything that you presently have to pay for.

Do you handle groceries? Do you have to regularly make trips to town? Are there any debts that are under your safekeeping? All these questions can help establish a good budget for you. Having a set budget can help you navigate through those and so many more other expenditures. Be realistic about your budget. If you notice that you’re spending too much on one thing, find a generic form of it to save money.

Create a Menu

Food can be one of the biggest expenditures for a household. A good way to keep a good handle on the money that goes into food is to have a breakdown of what sort of meals you intend to have. Knowing the food to be prepared can help you factor in the ingredients and how much time it takes to prepare everything.

A menu drives down costs of any unforeseen expenditures. Also, having a set menu gives a pretty good incentive to keep dining at home rather than ordering or eating out. Not only do you save money but you also invest in yourself by learning to cook more things. You can even make a family activity out of it.

Get to Know Local Establishments

It can be fairly easy to be swept away by the sheer convenience of a larger or commercial grocery store. After all, everything that you might possibly need is there. However, this does mean that their offerings are a lot pricier than what you find in farmer’s markets or smaller groceries.

It would do you good to get to know the local establishments around your area as they would be quite inclined to have more sales and special deals.

Mothers can do some pretty amazing things but this doesn’t mean that they don’t need a little help to really maximize the way that they handle finances. Are you presently in charge of a household? What sort of tips that we’ve discussed will you be able to utilize?

info2 - Budget 101 (Mom Edition): Helpful Tips to Keep Moms on a Financial Track
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featured3 - Navigating Debt: How to Responsibly Combat Debt
Debt Management Finances

Navigating Debt: How to Responsibly Combat Debt

Debt is often met with a negative connotation. However, there are certain types of debt that are completely necessary so it is important to be aware of how you can handle them. Today, we wanted to take a spotlight and shine it upon how to responsibly combat debt.

Here are a few ways that you can start tackling your debt responsibly:


Getting organized is a critical step in tackling debt. After all, you can’t plan your payment schedules if you don’t know what you need to pay off. Put together all the financial statements or debt contracts that you’ve incurred.

Put them in a folder and label them properly. That way you’ll have a better idea of what you still owe and when things are due.

Differentiate Good and Bad Debt

Yes, there is good debt and bad debt.

Good Debt

  • Student Loans
  • House Loans
  • Business Loan

Bad Debt

Bad debt is pretty much any debt that is incurred because of frivolous pursuits. These can refer to a highly expensive car that you don’t really need. It can also refer to buying furniture or appliances that aren’t really necessary.

Knowing the difference between the two can help you prioritize your debts. Ideally, you neutralize bad debts and don’t make any more of them.

Pay Interest Early

If you leave interest to accumulate, it can add hundreds or even thousands of dollars over your initial loan. So when you’ve got debt, consider how much the interest is and pay it off before it has the chance to accumulate.

Doing so will give you a head start on everything else. For example, if you’ve taken out a student loan, it would be good to start paying off the interest before it has a chance to build up.

Don’t Add Any More Debt

Debt isn’t something that you will want to pile up on you. If you are already facing debt, it would be in your best interest to not any more unto your plate. Once you’ve squared away one debt, do not let that feeling of accomplishment override your common sense.

Just because you were able to dig your way out of one debt does not mean that it will always be the same for every type of debt out there. Also, don’t be too quick to take on another loan. Let your credit rating recover first by making sure that you’re paying off everything else, like utilities, on time.

One of the major things that cripple finances is debt. If you are unaware of the best ways to responsibly combat your debt, do not be hesitant to seek advice or help. There are a lot of people, businesses, and organizations that aim to help promote financial literacy and better debt management.

Are you handling debt right now? How do you plan on responsibly combating it?

featured2 - Two Healthy Habits of Financially Savvy Individuals
Finances Money Habits

Two Healthy Habits of Financially Savvy Individuals

When it comes to finances, healthy habits really matter. A majority of financial problems can be traced back to bad financial habits so it’s important to have good examples of healthy habits. This is what we will be discussing with today’s article.

We believe that it is really important to be aware that there are healthy habits that can be built. Speaking of healthy habits, here are a couple of stellar examples:

Living within Their Means

1 - Two Healthy Habits of Financially Savvy Individuals

This is probably a “habit” that you’ve heard of before but there really is no overstating the necessity of this. The world of today has made is especially difficult to stay within one’s means—especially since there are newer deals and we are constantly bombarded with ads that are tailored for us.

If that wasn’t bad enough, the whole concept of missing out is harder to ignore with the advent of social media. However, the really financially savvy know the importance of living within their means. This means having a clear fiscal image in their minds and staying within the parameters of that image.

Scheduled Savings

2 - Two Healthy Habits of Financially Savvy Individuals

Anyone who has a source of income (like a job) will have a schedule on when they get their money, right? For some that may be every week, or every two weeks. Those who have trouble with their finances tend to spend their money before it comes in.

Those with healthy financial habits will use that schedule in order to build their various savings. For example, the first paycheck will have a dedicated percentage for a retirement fund. The second paycheck of the month has a percentile for an emergency fund. Having a clear schedule out for savings is a great way to make sure that they will always have money.

Healthy financial habits are the stepping stones to success. What’s even better is the fact that there are a lot of other healthy financial habits out there. We suggest that you look them and learn by those examples! What sort of healthy financial habit do you utilize?

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