Saving, investing and making money with technology

Tag: budget

Skills You Must Learn In Order To Save Money

Even though most people who work to earn their living have a clear idea about what they are going to do with their earnings, a majority of them fail in one aspect – savings. Yes, there is that dream amount of monthly savings but so often people fail to meet that goal and end up blaming it on various reasons. Just like earning money requires skills, so does saving money. It is a smart tactic which most affluent people practice without having to come off as a cheapskate. All it takes is some discipline and some skills which anyone can hone with time and patience. Here are some of them.

Hunting for deals

One of the most significant monetary skills you can learn is the cleverness of deal hunting. Not to be mistaken by the occasional browsing of clearance racks at preferred clothing stores, hunting for deals requires a nose for good deals and the experience of an investor. It requires a person to have his eyes and ears open at all times. A small property opening at a sector which offers 30% growth in ten years – tie it down. A noted supermarket conducts fire sales at a certain time of the year – make sure all shopping activities are arranged keeping in mind the annual date of the sale. All of these small factors could not only help a person to save extraordinary amounts on a regular basis, they also get to maintain a healthy level of lifestyle by paying less.

Self management of financial tasks

Learning to manage ones’ finances sensibly helps in saving a lot of money. It can help a person to avoid paying excessive interest on credit cards, dodge needless bank charges and save on other expenses. Learning to comprehend legal or fiscal papers can help people determine whether or not they are taking the finest contract on their mortgage or selecting the top checking account. In order to start becoming a self-manager of person finances, here are the first steps everyone must take –

* Recite the fine print for every bank account. Double check to find a better option at the bank.

* Balance all bank accounts on a regular basis.

* When taking a loan, make sure that only the best offer on the market is getting selected.

Making a budget

A personalized budget can easily be created using the programming language C#. For better insight, you can visit portals like Csharp-Station.Com – a community website for ambitious people willing to make their customized applications. Once the users are able to master functions such as how to execute stored procedure in ASP Net Using C# they can create their own budgets that can be strict and compact.

Learning about investing

Once the savings are on track, every financially ambitious person must sit down with an expert and think about multiplying his savings. Investing is a skill set that is most important for anyone looking to make it big in the modern market.

By developing these skills, anyone can become smarter and wealthier. These skills can be mastered with a little bit of effort, and the rewards can be lost lasting.

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12 Quick Tips to Cut Down Your Monthly Budget

If you want to save money, pay attention to how you’re spending it. Little luxuries like a latte every morning add up fast. But if you’ve been pinching pennies for a while and feel like you’re getting nowhere, it may be time to reevaluate your priorities. These tips provide specific steps you can take to reduce your bills and trim the fat from your monthly budget without scrimping on the good stuff.

1. Plan your meals

After a busy day, the last thing you want to do is more work in the kitchen. But if you plan for quick and easy weeknight meals, making dinner doesn’t have to be a chore. Avoid the take-out trap by prepping your breakfast or lunches for the week, and watch those few dollars a day add up to significant savings over the course of a month. Once you’ve planned your meals for the week, craft a grocery shopping list to keep you on track when you’re cruising the aisles. Also, remember that grocery shopping hungry is a recipe for disaster.

2. Cut the cord

Look carefully at the cost of cable or satellite TV and decide if it’s worth it for your household. Most of the time, you can catch your favorite shows with subscriptions to streaming services like Sling TV or Hulu. Not sure if cutting the cord makes sense for you? This cord-cutting tool will let you select which channels you can’t live without and recommend a streaming package that fits your viewing priorities. Cutting the cord may save you up to $100 per month, so it’s worth a shot.

3. Energy savings add up

Every penny counts, and that’s especially true of energy consumption. You may not realize it, but with a few minor tweaks and changes, you could increase your energy efficiency and save hundreds of dollars per year. An excellent place to start is the Energy Saver Guide published by the Department of Energy. It’s full of tips to help you save money at home, including how to conduct an energy audit, weatherize your home, and choose energy efficient appliances.

4. Plan for big purchases

Need a new car or plan to go back to school this year? Work those big purchases into your monthly budget as smaller line items so when it comes time to pay the bills, you’ll have enough set aside to cover the costs. This system works well even for luxuries and can help you appreciate the effort it takes to afford these items rather than feeling guilty about splurging.

5. Take advantage of discount days

Just because you’re trying to save money doesn’t mean you have to scrimp on the fun. Look for coupons for local activities and entertainment or catch an afternoon matinee to see the latest blockbuster. You can also check out local attractions during free museum day or check online to schedule your next visit for a discount day.

6. Play it safe and stay in

Partying it up at home has lots of hidden benefits, including not having to call an Uber at the end of the night. Offer to play host and have your friends congregate at your place for a potluck dinner party or take turns having a weekly cocktail hour. If you have a large group of friends willing to chip in, you’ll get a change of scenery along with your savings.

7. Clean house

This tip applies to more than just tidying up. Go through closets and cupboards looking for things you don’t use anymore. Sell high-priced items in your local classifieds and have a garage sale to generate a little extra cash flow. And if you send things to a local nonprofit, remember to get a receipt. Those donations may be tax deductible.

8. Get it on loan from the library

You’ll be shocked by what you can get on loan from the library these days. In addition to books, music, and movies, you may be able to check out toys, games, tools, and even telescopes. Also, remember that libraries offer community classes on lots of topics from auto repair to computers to financial advice.

9. Give of yourself

Before you go out and buy a last-minute birthday gift, think about what that person in your life would truly appreciate. Volunteer together at their favorite charity, spend a day picnicking at a local park, or craft something truly one-of-a-kind. Often, you’ll discover that giving your time and attention is a much better way to show your love than any gift money could buy.

10. Repurpose, reuse, and recycle

Buying used is an attractive option if you’re looking for a bargain, and it’s also a way to cut down on waste. Shop thrift stores for clothing and furniture, and consider refurbishing electronics instead of forking out extra dough for the latest technology. That old iPhone may work just fine with a new battery and a little TLC.

11. Look into lowering your monthly bills

Car payments, student loans, and insurance bills can be expensive and may be the largest line items on your monthly budget. Do your research online and work the phones to see if you can find yourself a better deal that will lower your monthly payment. While cutting corners on expenses may add up over time, reducing these bills is the easiest way to get more bang for your budgeting buck.

12. Schedule time for finances

Last but certainly not least is scheduling the time to work on your finances monthly. If saving money is a priority for your household, set aside time to evaluate your spending, draft a budget, and invest wisely. As Benjamin Franklin once said, “An investment in knowledge pays the best interest.

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Ways To Manage Your Debt

Since you’ve ended up here, you, or someone you know, probably owe money for back taxes to the IRS and/or the state.

In these tough economic times it could be a lot of money.
Maybe it’s from years of back income taxes, unpaid payroll taxes, or you may have received a gift or inherited an estate and just can’t afford to pay the taxes on it. If you’re a business owner maybe you ended up owing taxes because you were just trying to feed your family and couldn’t make ends meet while setting aside money for the IRS to pay your taxes. Even some corporations face hard times and have gotten into hot water with their taxes.

Nationwide Debt Reduction Services is a debt reduction service provider with ongoing relationship with most creditors. Our team has successfully negotiated on behalf of thousands of clients. While each situation is unique, we have seen outstanding balances reduced up by more than 50%. With this type of reduction, we are able to help you be debt free in a short period of time. We ONLY charge a fee AFTER you have received a settlement. Allow our trained debt relief experts to give you a free, no-obligation consultation. Our team can help you review your debt situation to see if you qualify for debt relief.

There’s no doubt you want to do the right thing and pay it but you just can’t. If you could have you would have by now. IRS agents are probably “on your back”, and it seems there’s nothing you can do to get them off. It could be they’ve “reposed” your vehicles, put a lien on the family home, filed embarrassing public tax lien notices and even put a freeze on your bank account(s). In short order, they’ll be garnishing your wages and leaving you with next to nothing to live on, if they haven’t already.

No Early Mornings or Late Night Calls

You know, sometimes a debt collector may not call you before 8 a.m. or after 9 p.m. (in your time zone) unless you specifically ask them to call during these times. And whatever debt you may owe, you still have the right to a quiet morning and a quiet evening.Keep in mind that debt collectors can contact you by phone, letter, email or via text message, but it’s the calls that are restricted during this time. The Fair Debt Collection Practices Act does not specify any restrictions about receiving text messages, as they weren’t around when the act was passed in 1977.

Take a Look at Your Budget

After you have collected the information about your debts, you should take a look at your monthly budget. Write down your monthly income after taxes and subtract your rent/mortgage payment from this amount along with other monthly expenses such as childcare, student loan payments, insurance, utilities and groceries. And also, once you have subtracted all of your expenses, calculate how much you have left to pay off your debts. If this amount is too small, look for ways to reduce your spending. Consider turning off your cable subscription or carpooling as ways to cut back temporarily. The more you can pay toward your debts each month, the sooner you will be debt-free.

You Must Evaluate Your Debts

We all know Americans have $945.9 billion in outstanding credit card debt, also known as revolving debt, according to August 2016 data from the Federal Reserve. And that means that, based off the most recent population numbers in the U.S., the average American carries nearly $4,000 worth of credit card debt. It’s important to know where you stand before you start reducing your debt, since the amount of debt and the type of debt you have will impact the options available to you.

Start Negotiations

While you are starting to follow your repayment plan from Step 3, you should contact your creditors and lenders to see if you can improve the terms on your debts. You may be able to lower your interest rates or negotiate a reduced settlement on some debts by speaking with the customer service department. It is especially easy to negotiate the terms of debts that are charged off (dismissed) by the creditor or in collections already. Also think about moving some of your credit card debts to new accounts with lower interest rates. Moving a balance to a credit card with a 0% introductory rate for 6-12 months can help you save a lot on interest. Just be sure to keep each of your credit card balances below 30% of the credit limits to avoid damaging your credit score. During this time, investigate if consolidating your debts into a personal loan or home equity loan could help too.

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