Budget

Top 3 Mistakes You Should Avoid When Buying a Car
Budget

Top 3 Mistakes You Should Avoid When Buying a Car

Buying a car is one of the most significant investments you’ll ever make, probably outstripped in importance only by when you buy a new home. It can be a very tricky decision to make because of the enormity of it. Whether you buy a new car or an old one, it’s a huge investment, and one mistake can push you into debt for years.  Buying a car is a significantly risky financial decision. You don’t want to make any errors in picking the model, or you’d be stuck with a car you’re unhappy with for a long time. Paying for the car can be a real hassle if you don’t pick the right lender. It’s not easy picking between buying a new car and an old car either.  The number of options can be overwhelming if you don’t know what you’re getting into. To avoid getting scammed or runni...
3 Ways to Reduce Your Daily Expenses
Budget

3 Ways to Reduce Your Daily Expenses

It can be very frustrating to reach the end of a month and find that you have less in your savings account than you had originally estimated while creating a budget. But if you have more than you expected to have, then it does feel like a blessing, but that rarely happens. Often you’ll find that you are short on savings not because you splurged on something you really wanted, but because you spent more money on things like transportation, phone bills, entertainment, among various other trivial things.  I don’t mean to discourage by pointing out that not having enough money is usually an effect of careless and reckless spending. What I do mean to do is hold a mirror to your life so you can find the problem and fix it before things can get worse.  It’s not easy to shift priori...
What is Persistent Debt? How does it Affect You?
Budget

What is Persistent Debt? How does it Affect You?

Have you been making the minimum payments while paying your monthly credit card bill? If the answer is yes, you may be setting yourself up for a huge debt in the next few years. Credit card companies are clever. They know that college-going students and youngsters don't know how the credit card bills are calculated. Hence, these innocent folks are more likely to fall in the trap of minimum or low payments and overtime develop a persistent debt. No matter how luring the low-interest rates might seem to you, if you default even once, you will end up paying a 12 percent levy on each purchase you make while you have an outstanding balance on your credit card. Not to forget the compounding interest that will kill you if you continue to default over the next few months. What is p...
How to use a 529 plan to pay for college?
Budget

How to use a 529 plan to pay for college?

The cost of college tuition fee has been steadily increasing since the year 2010. Be it K-12 or graduation, the cost of education is so high that it can weigh you down and put you in serious debt. But, that does not mean you cannot provide proper education to your kids. Applying for various government programs designed to help you save and pay for your kid's education will put you in a better financial position than others who continue to ignore such benefits. A 529 is a savings plan designed to help you pay for your kid's education. Commonly used by parents for their children’s education, this plan can also be used for your spouse or yourself. As a plan holder, you will be in total control of the account and can decide what to do with the money. The beneficiary cannot withdraw or...
Road Tripping with Your Friends
Budget, Travel

Road Tripping with Your Friends

Road trips are a beloved pastime for people of all genders and ages. There's a sense of freedom to be enjoyed by packing up a few provisions in your car and hitting the open road with your besties. Before you set out on your whirlwind adventure, there are some details that you should figure out and some preparations that you should make. Insure Your Car A long trip on the open road leaves a lot of room for automobile collisions and accidents. You don't want to be out in the middle of nowhere without certain types of protection for you and your friends should you encounter automobile trouble due to malfunctions or a collision. One important protection you should have for your vehicle is a comprehensive insurance policy. A comprehensive insurance policy provides your car with mor...
Tips for Buying a Used Car
Budget

Tips for Buying a Used Car

Cars are usually proved to be expensive purchases. Apart from the fact that you are already paying the very high sticker price, you also have the additional taxes, high registration fees and the crazy dealer fees. While it feels great on the outside when a sparkling, brand new car arrives to your doorstep, but it may not feel so great on your pockets. So used cars may be better bargains after all- you can buy a 2007 Porsche for a 2011 Honda’s price; even though the used car will depreciate too, the depreciating rates would be lower; new cars are often subjected to state sales tax, but that may not be the same case with used cars; registration fees is based on the car’s condition and model number, so you may save a huge chunk of money here too; when you buy for a used car, you can get the...
Earn a little something this Holiday Season- Become an Online Juror
Budget

Earn a little something this Holiday Season- Become an Online Juror

Have you ever watched one of those end-high courtroom dramas and wondered if you could become a lawyer or even a part of the Jury maybe? Well, it is 2017 already and the internet is full of opportunities for you to get some extra cash for just giving your opinions (which we are anyway doing almost all the time- throwing opinions and judgments into the air). Online Jury isn’t some kind of internet scam, but you do actually get paid. When attorneys are preparing for their trials, they may want feedback on their case from people who aren’t connected to the case in any manner and who aren’t attorneys themselves, just like how an actual jury works. Since creating a mock jury by calling out people and assembling them physically can be both tough to manage and also proves to be expensive, comp...
Is it Okay to Not Tip the Waiters?
Budget

Is it Okay to Not Tip the Waiters?

You go to a posh restaurant with friends and family, have a heart dinner, pay the bill (which by the way does include the service tax), but you don’t feel like leaving a tip. Everybody in your group raises an eyebrow, the waiters and manager judge you, and there is pretentious courtroom drama highlighting the big scene you made when you refused to let go of some change. I big cities, it is a big deal, and an insult when you don’t tip the waiters. And if by any chance you go back to the same again, they might as well spit in your food. But does it make sense to let go of $50 straight out of your pocket, which may very well be equal to adding another person to the table, just to save yourself from the disgrace? Let’s us find a solution to this unnecessary tipping habit. When someone start...
Avoiding these Financial Mistakes in Your 20s Opens a World of Opportunities Later
Budget, Career

Avoiding these Financial Mistakes in Your 20s Opens a World of Opportunities Later

For many young professionals, your 20s are the years when you finally start making money. But if you are not careful, they are also when you lose money.  There are certain mistakes that can cost you literally, especially if you are to come out of those student loans unscathed. You can avoid making these mistakes by staying on top of your finances. In this post, we have listed some common blunders you may be tempted to make and ways to avert them- prepare yourself for a financial success- post 20s. Watch out for the credit card craze Having your own self-funded credit card can be exciting. Besides the freedom to purchase what they want, many recent grads believe that they can charge all costs to their credit card and pay later. However, what you must know, is thatoffsetting credit ca...
From Flexibility to Cost: The Benefits of not buying a House Explained
Budget, Real Estate

From Flexibility to Cost: The Benefits of not buying a House Explained

Buying a property might very well be the ultimate benchmark by which prosperity and financial security is measured. Or is it? Although property ownership is one of the biggest financial decisions that you will make, you may be better off renting. If you are wondering why, then take a look at these reasons. You Save Yourself Cost There are a lot of costs that come with home ownership- that you do not have to worry about if you decide not to buy a house. According to statistics, the average house costs ten times the typical salary of a full-time worker. It is therefore no surprise that the majority of home owners rely on mortgage arrangements to finance their house payments. In the long run, buying a house might be pricier than renting. Although, you may consider that paying your mortg...