Invest To Save: Skills To Top Up The Family Bank Balance

If you’re a busy parent, you’ll be juggling family life, jobs, duties, and an array of other things that will take up the majority of your time. It can be a challenge to find a spare moment to make any changes to your life, learn new things, or invest in yourself. However, there are certain attributes that will only benefit a hard-working mom, and a little extra effort and time for a while can pay off substantially in the long-run. Learning and developing skills can also be a great way to regularly save cash, and you’ll be able to make back what you’ve spent in both time and money, and continue to earn in the future. Therefore, there’s no time like the present to think about what would impact your family life for the better, and help you to cut costs further down the line.

It’s time to grab your notebook and pen and write a list of things you feel are a struggle in your working week, both financially and time-wise. The next step is to plan what you can do to rectify these issue. Now, you just need to grab your planner, diary, or calendar, and schedule in some time for yourself so that you can benefit your lifestyle and family in the future. If the outcome is a happier, stress-free (most of the time), and more relaxed you; learning something new or honing your skills in a particular area can’t be seen as a sacrifice. It will be a means to better everything, and could lead to new ideas and opportunities ahead. The following are some ideas and inspiration for parents who feel like they’re rushed off their feet but want to make positive changes now, to claw back some time and cash in the future.

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How To Reduce Auto Insurance Costs

Buying a car is pretty exciting, especially if you’re buying one for the first time. The freedom to be on the road with your family, the ability to take your time to get anywhere you need to go and the sheer convenience of a car make the cost worth it, especially if you get your car brand new. However, the costs don’t end after the initial amount that you pay, and this is where a lot of people struggle to balance their cash.

There are insurance costs to factor in along with the costs of gas, road tax, MOT and repairs. Car repairs can be account crippling, especially if something has happened that you didn’t anticipate. Insurance costs can also tend to creep up if the car has had a fair few accidents. Carchex offers Dodge Ram extended warranties, so if you want to add a little extra protection to your new vehicle you should invest a little money there. Sometimes, it takes investing a little cash to make savings; if you spend a little more on extended warranties, you can save money in repairs. When it comes to insurance, reducing the costs of it as much as possible can help you with your wallet this month!

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Hassle-Free Ways To Save Hundreds Of Dollars Every Year

Would you like to have more disposable income each month or do you struggle to survive from one payday to the next? If money is tight, you may be searching for simple steps to save money at home. Here are some hassle-free ways you could save hundreds of dollars every year.

 

Cutting the cost of grocery shopping

The average US family devotes around 6 percent of their income to grocery shopping. This is a substantial portion of your earnings. If you’d like to lower your shopping bills, there are myriad ways to do this. One of the best and most convenient options is to shop online. When you’re in the store, it’s very easy to lose track of how much you’ve spent, and it’s also common to get distracted by marketing ploys and promotions. If you’re one of those people who loves a bargain and ends up buying things they don’t need, you’re definitely not alone. Online shopping is quick and easy, and it eliminates the need to travel, but most importantly, it gives you the option to view a running total. There’s also no risk of getting lured in by discounts and offers that will increase spending.

If you are going to the store, make a list before you leave, and stick to it. Plan a weekly menu in advance, write down the ingredients you need, and avoid adding anything else to your cart. Shop around for the best prices on items you buy in bulk, for example, pet food or diapers, and look out for offers on products that are on your list. It’s worth checking out discounted meat and fish, as you can usually freeze these items, and visiting the bakery and fresh food sections towards the end of the day when prices are slashed. Take advantage of coupons and loyalty bonuses and embrace the concept of batch cooking. If you have a large family or you’re short on time in the week, this will save you time and money. When you have got a few hours, you can make multiple portions of dishes like chili beef, soup, and casserole and then freeze what you don’t use for later in the week. Another tip is to avoid the store when you’re hungry. Research suggests that we spend more when shopping on an empty stomach.

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Lowering insurance premiums

If you’re paying out for car, home, health and life insurance every month, there’s a good chance that you’re sacrificing a significant portion of your paycheck. Insurance is essential, but there are often ways you can reduce payments and get more for your money.

Health insurance covers the cost of medical treatments and services, but there are so many different plans and providers out there, and this can make it virtually impossible to determine which policy to buy. If you’re not sure whether you’re eligible for Medicaid insurance, you have questions about your entitlement to social support, or you haven’t got a health insurance policy, it’s well worth doing some reading and getting some advice. Investing in a comprehensive policy could save you a lot of money in the long-run. If you’ve got queries about Medicaid, you can find out online, and if you have questions about health insurance in general, it’s really helpful to seek advice from an independent expert. The Internet is a great resource because it enables you to compare prices from hundreds of different providers within seconds. You can also see what each company offers for the fee to make sure that you’re getting the best plan for your money. You can apply this rationale to all types of insurance. Simply enter some details, for example, the location and value of your home if you’re looking at property insurance, and you’ll be provided with a list of prices and providers. Another useful tip is to avoid renewing your policy without checking whether the renewal quote can be beaten. Contact your current provider and ask about negotiating a better fee and see what other companies offer. You’ll often find that providers save the best deals for new customers, so it may pay to switch.

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Reducing energy bills

Research shows that the average person spends approximately $3,000 on energy per year. If your energy bills are too high, there are myriad ways you can reduce energy consumption and make your home more efficient. Start by trying to negotiate a better rate with your energy provider. If you have the option to switch, it’s worth comparing prices. It’s also wise to check that you’re on a tariff that is suitable for you. If you’ve got a tariff that has high charges during the day, and you tend to use most energy at this time, it’s advisable to see if there are options out there that would enable you to access lower daily rates. Try and reduce the amount of electricity you use at home. Don’t leave appliances on standby or lights on when you leave the room. Swap old bulbs for LED light bulbs, which last a lot longer and consume much less energy, and keep an eye on how much water you use. Take showers rather than baths and turn the taps off while you’re brushing your teeth. If you’ve got old appliances, consider replacing them with newer, more eco-friendly versions. If you tend to leave the TV switched on, lights on and run several appliances, such as consoles, washing machines and coffee makers, all at the same time, it may be worth buying a smart meter. Smart meters enable you to keep track of your energy usage, and they also give you an insight into how much you’re spending. Using a meter can help you lower costs and become more conscious about wasting electricity.

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How to Stop Wasting Money in Your Home

It’s all too common for people to waste money in the home, and if you don’t pay close attention to the actions you take each day, you will end up wasting a lot more than you realise. However, it doesn’t have to go on that way for much longer. There are plenty of things you can do to stop hemorrhaging cash, but it will mean making a few adjustments to your home and the way in which you run your life. It might not be easy to accept that changes need to happen, but don’t despair because it’s easier than you think. Read on to learn more.

 

Stop Paying for Electricity You’re Not Using

It’s so, so common for people to continually pay for electricity that they’re not even using. When you leave an electronics product plugged in and running in the background, it can waste a lot of electricity that really doesn’t need to be wasted. That’s why you should always turn products off when you’re not using them anymore. It’s a simple thing but it can have a huge impact on how much money you waste each day at home.

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Conduct Regular Inventory Checks of Your Wardrobe

For many people, wasting money happens in the form of spending cash on clothes that aren’t really needed. One way to stay on top of this spending is to conduct regular inventory checks. This is when you go through everything you own and see what you have. When you own a lot of clothes it’s easy to forget what you already have. It lessens the temptation to spend  a lot of money on new clothes.

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Parenthood Isn’t Easy: Learn To Keep Your Money In Check

If there’s one thing which you learn when you are a parent, it’s learning to be somewhat cost efficient. Money-smart,  knowing the ins and outs of local stores, and knowing where they sell the cheapest decent hand wipes. It’s basic knowledge like this which keeps up above ground during those tough moments when money is running a bit low, but mouths still have to be fed, and households have to be kept afloat. Now, if you find yourself rather unfamiliar with ways in which you could splash less money on everyday necessities, then look no further than here, because we are going to look into some ways in which you could prepare yourself for those everyday life situations.

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Smarter Ways To Protect Your Personal Finances

 

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It’s more important than ever to protect your personal finances in these uncertain times. Whether you earn a decent salary or minimum wage, bad financial habits always lead down the same dangerous road. On the other hand, no matter how much or how little you earn, there’s always a way to ensure you have a healthy and secure financial future if you just plan and protect your money. Taking steps to safeguard your finances before you spend them is the best way to avoid making rash and fiscally irresponsible decisions.

It’s time to make a financial plan of action. You need to think not only about what you’re going to do with your money today but what you’re going to do with it tomorrow. You most likely have a family to think about and your money needs to go some way to improve their lives. Here are some smarter ways in which you could protect your personal finances so as to ensure that you and your family members have a happier present and future.

 

Plan your expenditures.

The best way to protect your personal finances is the plan your expenditures. As mentioned in the introduction, you could avoid all manner of financial trouble by simply planning ahead when it comes to money. Look before you leap, in other words. If you want to avoid having to borrow money to make ends meet then you need to find ways to avoid overspending in the first place. If you can spend less than you earn then you won’t have to accumulate debt. Calculate your necessary expenditures so that you know how much of your earnings you need to put aside to cover those on a weekly or monthly basis. Once you’ve done that, you’ll be able to plan the rest of your expenditures (even the non-essentials) based on your remaining income.

Of course, it isn’t always enough to make a budget. Sometimes, you’ll still come up short when you’re trying to afford the bare essentials. But cutting down on luxury expenditures isn’t the only way to save money – you can save money on necessities too. Whilst you shouldn’t cut corners and start eating less or abstaining from using heating in your house, you can do a lot to reduce your costs when it comes to the important things in life. You can reduce your electricity usage by using energy-efficient appliances and insulating your home, for example. As for the weekly grocery shop, you could reduce the amount of things you buy from the store by becoming self-sufficient. You could grow your own fruit and vegetables in the garden so that you don’t have to spend a thing on the healthy essentials. The point is that you can save money by reducing the amount you spend on non-essentials but you can also reduce the amount you spend on the essentials without having to sacrifice anything.

 

Improve your health.

If you really want to save money then you should improve your health. Living healthily will help you to avoid medical bills. Heart problems can be avoided by eating well and avoiding smoking, liver problems can be avoided by reducing alcohol consumption, and dental problems can be avoided by brushing well and flossing. These are just a few examples. Still, we can’t always see health problems coming. Sometimes, no matter how healthy a life you lead, unexpected situations can arise.

And if you find yourself in an accident then the injury or illness itself is only part of the problem. You have the struggle of the medical bill to pay too. You might want to look into professionals who can give you help with medical malpractice if you feel that you’ve faced medical costs despite an error taking place whilst you were being cared for (or someone you love). The smartest way to protect your personal finances is to ensure you get the justice you deserve.

 

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Put some of your earnings aside.

Finally, if you want to be smarter with your personal finances then you need to learn to put some of your earnings aside on a regular basis. You need to pay yourself first. The best way to do this is to set up a standing order that automatically transfers a small portion of your earnings to your savings account shortly after you receive each paycheck. This will help you to avoid spending all your excess cash before you can put it aside for emergencies, the future of your children, and your retirement fund.

Making Money From Home: Some Ideas For The New Year

The new year often brings with it a month of feeling a little low. You have had all the fun and festivities of the Christmas period. Enjoying time with the family, eating all of the gorgeous prepared food, and laughing at some of the old classic Christmas movies showing on repeat on the TV. New year, of course, has its own element of fun as you toast to the next year and think about the resolutions you want to make. But then January comes, and you can start to feel a little deflated as the bills roll in from Christmas and you have that long wait for payday. However, there are some great ways you can make some money from home. I wanted to share with you what some of them are in the hope they can help you boost your income in the new year and beyond.

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Declutter your home and get selling

Christmas means that you have possibly gained a few more items for your home. It might be children’s toys, new clothes, or other things to display in your home. So it might feel like your home is feeling a little more cluttered than normal. Use this as a big opportunity to get your home in order and declutter every room. Using platforms like eBay makes selling your items online much easier. Things like old toys, clothes and other items can sell really well as people are always looking for a bargain, but it can also help people in need who may want something and just can’t afford to buy things brand new. Doing this clears your home and raises some vital cash for you in January.

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Important Things To Have A Rainy Day Fund For

No matter how careful you are, how solid your research or how meticulously you plan, sometimes life just has a way of turning around and biting you. Hard. In times like these, it’s always good to have a little extra money stashed away, so you don’t find yourself having sleepless nights worrying about bills. Below are a few life events that are worth having an emergency fund tucked away for, that you can dip into should any of these events arise.

 

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Household Hacks To Save Cash This Christmas And New Year

The holidays are here (that crept up quickly), and your mind is probably on Christmas lists, food, and visitors over the festive season. Everything can add up to an expensive time of year at Christmas, and it can be a challenge to know where and when to cut back so that you don’t head into the new year feeling short on cash. Spending a little more than usual at this time of year is inevitable, especially when you’ve got kids to consider. However, there are some changes and improvements that you can make to your family and household life, that will save your funds immediately and in the long run.

Taking some time to look over your family finances and outgoings will help you discover when and where to cut back on spending so that you can have the extra money to invest in the festivities of the season. Running a household is a full-time job, so a regular shake-up could be just what you need for a frugal and fruitful new year. The following are some tips, ideas, and advice for moms and dads who want to curb their spending so that Christmas is less stress and more celebration this year.

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Kids And Tech

Kids will always want the latest in technology; whether that’s a tablet or whatever new computer console has hit the market. However, these items are often expensive, and if you do decide to invest in something; it’s a smart idea to do your research to get a great deal. Check out internet auction sites and resellers; refurbished tech is often as good as new, and you’ll pay a fraction of the cost. A promise to get something in the new year sales is another great way to teach your kids patience, and they’ll have something to look forward to after Christmas. If you have kids who are using the internet regularly; you’ll need to ensure that their safety is a priority, but security software can be a pricey addition the home. Therefore, it’s worth checking out deals like 10% off any Qustodio plan at DontPayFull.com to grab yourself a discount on an internet essential for young members of the family. You’ll give yourself peace of mind that your kids are surfing securely, and that you’ve saved some cash in the meantime.

 

Kids And Exercise

If your kids have a bike, skateboard, or rollerblades lying in the garage gathering dust; pull them out of storage, clean them up, and encourage your little ones to utilise their stuff again. If your kids can walk, cycle, skate to school or the park in their free time; you’ll save fuel and maintenance costs on your car, and they’ll be getting regular exercise and much-needed fresh air. If your little ones get into great habits regarding exercise; they’ll enough fun-filled and inexpensive days out where they return tired and happy, and you won’t have had to fork out for the entertainment. Maybe you could get back on your bike too, and cycle into a fib=financially savvy new year.

Revealed: You Need To Start Making International Investments!

When it comes to saving money and looking after your finances, investing is one of the best things you can do. Think of it as an unconventional savings account. You put some of your money away, and wait for it to grow over time. Pick the right investments, and you will have relatively low risks, meaning you don’t have to worry about losing your money. Plus, you can earn a lot more money from investments compared to traditional saving methods.

The question everyone wants to know is what investments are the best investments? There are loads of ways to answer this, but I’m going to look at things from a different perspective to usual. Instead of talking about specific types of investments, I want to talk about international ones. Mainly; you should be making them! This refers to any type of investment in which you purchase things from a different country to your own. Why is this such a good idea? Well, read on, and you’ll find out!

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Some International Investments Are Better Value For Money

We start things off with a very big point; you can get more value for your investments if they’re international. Of course, this doesn’t apply to every investment, but it does apply to a lot. You see, different countries operate in different financial markets. As such, the cost of different assets can be a lot less than the same assets are here. Not to mention the value of the currency compared to your primary currency, meaning you can get even more value when you buy overseas.

The best example of this is with foreign property investments. There are so many countries all over the world with excellent value on the property market. If you look at places like https://rumahdijual.com/jakarta-timur/perumahan-murah, you can see countries like Indonesia have a great value property market. Portugal is another great example, with lots of villas in the Algarve being popular tourist destinations and cheap to buy. All over the world, there are countries with affordable housing, while that might not be the case back home. Consequently, investing in property overseas can be cheaper, meaning you can make more money.

There Are Loads Of Foreign Investment Opportunities Out There

A lot of people live in this mindset where they’ll only invest in domestic things. Be it stocks, property, anything; they only invest in things from their country. Why? Because they don’t want to concern themselves with international investments and foreign markets. If you get to know your domestic markets, you feel comfortable there. Eventually, you get set in your ways and don’t want to change.

However, as mentioned in this article https://www.forbes.com/sites/forbesfinancecouncil/2017/05/22/, around about half of stock market investments are foreign. So, if you only look at your own market, you’re missing out on loads of opportunities. There could be stocks and shares in other countries that are exceptional investments, and you’re completely blind to them. To hammer this point home, even more, take a look at this piece here https://www.fool.com/investing/2017/01/20/t, it shows you some of the best foreign stocks to invest in. There are some real beauties there that can help grow a decent profit from not a lot of money. It’s amazing what’s out there when you open your eyes to different investment opportunities across the globe.

Earn Money When The Domestic Market Is Bad

Generally speaking, your investments rely on the economic outlook of certain countries. If you’re only got domestic ones, then you can be negatively affected when the economy is bad. We’ve all lived through hard times before, what with the stock market crash a decade or so ago. As it illustrates here https://www.investopedia.com/ask/answers/06/marketcrash.asp, when the stock market crashes, investments can drop considerably. You can go from earning 20% on something to 10% – or worse, your investment could crash completely, and you lose money. While there are some points talked about in this article http://www.wxinvest.com/investing-bad-economy-without.html, about investing in the bad market, it’s generally not a great thing to do. More often than not, you’ll lose money on existing investments and struggle to make any good ones.

However, if you have international investments, then what happens over here doesn’t trouble you as much. If the foreign economy is nice and stable – or maybe even thriving – then you’ll continue to earn a lot of money without any worries. Adding international investments to your portfolio gives you an additional layer of safety when things are bad domestically.

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Diversification Leads To More Success

If you talk to any financial advisor, they’ll tell you that the best way to make money from your investments is to be diverse. A lot of us take this to mean we need to invest in multiple different assets – which is still a good idea. This is why a lot of banks have investment funds where you deposit money, and they invest in loads of different things for you. The more options you have, the less likely it is you’ll fail and lose your money.

But, you shouldn’t just think about diversity in this sense. You also need to take the location of your investments into account! Financial experts say it’s unwise to keep all your money tied up in domestic investments. By spreading your earnings overseas, you can have a much more diverse portfolio. You take diversity to new levels, making it even harder for you to fail.

Potential Tax Benefits

Finally, we have tax to talk about. With some investments over here, you have to pay tax on your earnings. This means you miss out on some of the money you rightfully earned with a smart investment. It can be annoying as you might need that extra cash to go towards something you’re trying to save for.

When we look at international investments, we open our eyes to international tax laws. Different countries all have different laws regarding their tax system. You might invest in some countries and find you pay way less tax than you would back home. Or, in some cases, you pay no tax at all. This could help you save a little bit of money and get the true value out of your investments.

It’s been a bit of long article today, with a lot of financial information and terms thrown at you. In the end, I hope you’ve learnt a little bit about international investments and why they’re good for you. Ultimately, they help improve the existing benefits of investing your money. It’s a really smart way of taking your disposable income and using it practically. This is far better than spending it on material things and can be better than using a normal savings account when saving for the future.

If there are two things, I want you to take away from this piece it’s that you need to invest your money, and you need to diversify internationally. I strongly suggest you go to your local bank or look for a financial advisor online to help you out. Talk to them, and they’ll give you more advice on the best foreign assets to invest in and the best countries to think about. They can also help you make the right investments using the right amount of money to remain safe.

Finally, I hope you enjoyed the piece today, and if you’re interested to read more, then check out this article here http://www.meanmommymagic.com/2017/10/saving-money-when-you-have-kids-2/. It’s all about saving money when you have kids, which I’m sure many of you will find very helpful!

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