Tag

Saving Money

Browsing

Young adults in America are currently saving more money than before based on recent information provided by financial institutions like America Saves. However, almost half of young adults that range from the ages of 18 to 35 are not saving money. This urgent issue must be addressed since the earliest that a person starts to save money, the better quality of life he or she will have later in life. It’s never too late to…

When it comes to buying a house, you need to consider your own personal finance situation. During the housing bubble, and during the loose lending standards that helped fuel it, many people fell prey to the idea of getting “more house for the mortgage.” Because of “creative financing” techniques like interest-only loans and adjustable rate mortgages with ridiculously low teaser rates, many people thought they could afford bigger homes. Of course, it soon became apparent…

One of the biggest challenges that many people have is setting money aside in some sort of savings account. Getting motivated to save your money can be difficult — especially if you think that you don’t have enough income to set some of it aside. As you consider your financial situation, it is a good idea to make saving money a priority. Ideas for Starting a Savings Habit If you are having trouble developing a…

The recession has many of us looking for ways to pinch pennies. We glory in small savings, and look for ways to shave a little more off the bill. Of course, small savings can add up to big savings down the road. But, in some cases, penny pinching does not actually result in big picture savings. Instead, we might find that we are being penny wise and pound foolish, introducing inefficient elements into our finances.…

As the old adage goes, “a penny saved is a penny earned”. Every dime that you save counts in this economy. One of the easiest ways to save some dough is by lowering your monthly bills. These savings can be used to pay down other debts, fund your retirement, or build your savings. All of these purposes will help to put you on the road to financial freedom. Let’s take a look at a  few…

This is clearly one of the worst economies in United States history since the great depression. There is massive unemployment and individuals are losing their homes left and right. Most Americans just don’t feel good about the economy as a whole. People are trying everything that they can to survive the current economic downturn. You can not only survive the current economy but come out of it in better financial shape than you went into it. Follow…

Back to school shopping season is upon us. Parents are dragging their kids to malls and department stores across the country to shop for backpacks, books, school supplies, and clothing. College students are shopping too for new clothes, textbooks, and door room decorations. Everyone is looking to score the best deals on their buys. The way to do this is by preparing yourself for your shopping excursion. Here are a few ways to save money…

Saving money is a sacrifice. You have to give up one thing in order to get another. Anyone can save money if they are willing to sacrifice to meet their goals. One of the easiest ways to save is by lowering your recurring expenses. Recurring expenses are those monthly bills that show up month after month. These bills may be aggravating but there is a way to lower them. Follow these 4 steps and you…

I was recently reading a CNN Money article on the financial outlook of men versus women. The author found that women tend to be more optimistic than men about their financial future. It got me thinking as to what other differences exist between men and women when it comes to there finances. Here are a few examples of when it would pay for men to think more like women. Women are better planners. Women get…

Who says that you have to spend a bunch of dough to have a good time? Lots of people wreck their budgets by overspending on entertainment. You can have a great time with your family and friends without blowing your budget. All it takes is a little planning and an open mind to trim your entertainment expenses. Here are 5 easy ways to save money on entertainment. 1. Check out the local attractions. Look for…

You don’t always have to pay the listed price on many items. The larger the purchase price, the bigger the discount that you can get. Here are 4 items that you should never pay full price for. Your Car Car dealerships will try to get you to pay as close to MSRP as possible. Nobody should ever pay the manufacturer’s suggested retail price. The sticker price is also known as “the sucker price”. Auto dealers…

Predatory lenders have been working to find new ways to rob you of your heard earned cash. They develop financial products with large upfront fees that will keep you coming back to them for years. These types of financial products are called money robbers. You think that these products are helping you but many of them are robbing you of your money.   Prepaid Debit Cards Prepaid debit cards are the fastest growing products in the…

I know it may seem far fetched to believe that spending $499 could actually save you money but this just may be the case! For the tech aficionado who already owns a bunch of gadgets, buying an iPad may not make much financial sense. But for the average person trying to play catch up to the digital age, forking over the $499 to buy an iPad may actually be a wise investment. Since the iPad…

Financial experts often stress the importance of making the right financial decisions. However, it is equally important to know what financial mistakes to avoid. Too often people make financial mistakes that cost them valuable time and money. These financial blunders can go a long way towards taking you off the path to financial success. Be sure to avoid the following financial blunders that may be costing you more money than you realize. 1. Spending too…