Living under the burden of debts is not exactly the life any individual wishes for. Day in and day out you have to toil hard and meet your ends as well as get out of debt. This kind of life can invite severe repercussions financially, physically as well as psychologically. So it is imperative that you might consider a credit counseling firm. In this article, we shall be illustrating the basic definition and purpose of credit counseling as well as put light on the process itself.
Saving is something we all know we should do but is far easier said than done. It seems simple, save a little each month for a rainy day but far too often our month outlasts our money and there is not much to put aside. It is always tough to break your bad spending habits and be more ‘sensible’ with your hard earned money but here are some tips that will help you make the change.
If you’ve had the unfortunate experience of a DUI conviction, you might be wondering if there’s anything you can do to lessen the impact it has on your auto insurance rates. There are some steps that you can take if you’d like to make an honest attempt to appeal to your insurance agent, but first, it’s important to educate yourself on the reality and magnitude of the situation you are in.
The importance of insurance for young drivers cannot be stressed enough. However, automotive insurance companies are not very keen on insuring young drivers because they do not wish to take on the high level of risk associated with them. If we look at past insurance trends, we find that young drivers tend to make up the biggest chunk of claims. They tend to get into accidents more often than old or experienced drivers as a result of over-speeding and reckless driving. This explains the reluctance of insurance agencies towards covering young drivers.
However, since automotive insurance is extremely important, it is not wise for young drivers to stay uninsured. Young drivers are typically charged very high premium rates, but there are certain ways that this cost could be brought down.
The best way to sell a rental property is to let the lease expire and put a vacant home on the market. This option avoids many potential difficulties, but is not ideal from a financial standpoint, since an empty rental brings no income and still has expenses.
Whether your renters are difficult or dream tenants, if they are under a lease when you are ready to sell your property, it poses a few challenges. That said, it’s not anything that can’t be overcome with some effort and know-how.
Are you tired of paying rent and listening to the demands of a stubborn landlord? How about buying your own house?
Living in their own house is what most people look forward to from an early age. However, buying a place with only your savings may not be the safest bet. You could end up with too little money to finance your other requirements.
That’s where home loans can rescue you. You can borrow the required amount from a financial institution and pay it off in EMIs over a fixed tenure.
Before applying home loan it is important to look at the eligibility criteria in order to know if you qualify for a loan. Here is a list of the most significant factors that banks take into consideration when giving out home loans.
If you’ve been slapped with a tax levy, you know exactly how disastrous this extreme measure can be on your credit, belongings, and life in general. If the IRS submits a tax levy against a non-compliant taxpayer, the government can seize any and all assets required to cover an outstanding debt, including bank accounts, inheritances, and even real estate. If you’re worried that you’re in danger of receiving a levy, or if it has already occurred, follow these steps immediately.
Going on a safari is not your typical traveling experience. It requires a lot of saving and planning in order for you to get the full experience from your trip. Often travelers tend to set their expectations high, and this is not to say you should set yourself up for an unsatisfactory trip, but people often underestimate the amount of research it takes before you go on a safari.
The planning stage is without a doubt the single most important aspect of a safari. It is a good idea to talk to safari experts who can share their experience and knowledge with you. You will be able to discuss budget and an all-round outline of your trip so you have an understanding of what to expect for your money. Before putting down money for a deposit you should make sure you are completely happy with the arrangements of your safari trip.
Consumerism has turned into an addiction.
As a society, we are addicted to consumption. We consume products, food, things…at an alarming rate.
I’m starting this “Understanding Series” with consumerism for a reason. I’m going to go in-depth with every area of your finances throughout this series, but it all starts right here.
If you don’t understand consumerism and how to get out of the trap, you will lack in every other area of your finances.
Here it is: how to set yourself apart from the average consumer. How to be a savvy consumer…
Anyone that works in finance will tell you the immense power of leverage. Leverage is basically taking more money than you have to boost your profits in an investment. You can have someone either lend you money or invest in your venture and have more cash working for you than you can afford by yourself.
Using leverage like this works well for relatively stable investments like real estate. Buying a house and flipping it for a profit is more clear cut for most people than investing in stocks, bonds or commodities.
And the lender of choice for most people is a bank. The mortgage industry, however, isn’t what it used to be and after the last financial crisis banks have gotten pretty risk averse when it comes to making loans out to individuals.
Your chances of getting a bank loan may be reduced by certain aspects of your career and credit history and that’s where you may have to turn to private lenders.
Have you ever heard the saying “you either win or you learn?”
Or the popular “you have to fail forward”?
I’m sure you understand the idea of using situations, good and bad, as learning experiences, but that’s easier said than done, right?
It’s easy to talk about learning in every situation, but when you’re upset, angry or disappointed, it doesn’t seem so easy.
It starts with your perspective. Here’s how to learn from everything and everyone…
Meditation has been around for centuries, and yet, it can still be a controversial topic.
Most of the people who recommend meditating start by saying something like “I know you think this is some sort of eastern ritual” or “you might think you have to be Buddhist to meditate”.
I admit, it does carry that connotation, or at least it used to. I’ll spare you. I’m going to assume you’re wanting to implement meditation as a self-improvement tactic, or as a way to clear your mind and increase your focus.
That being said, here’s a guide to meditation for the average person who wants more clarity and a clear mind…
Here’s an awesome video to show you some easy common home repairs you can do yourself.
I’ve also included the infographic version if you’re not a fan of motion.
The mirth and merriment of Christmas are very much upon us, with the big day now getting very close. It’s a time of laughter, fun and special times with friends and family – just as it should be. Yet with the unrelenting social activities that come with it, costs of buying presents and other wallet drainers, there is no doubt that the holidays can put a strain on anyone’s budget, and maxed-out credit cards are hardly unusual by the time January dawns.
But instead of using the festive season as an excuse to exacerbate your existing high-interest debt, why not see it as the time to take action, and eliminate it instead? The path to becoming debt-free isn’t as arduous as it may seem, and with a combination of self-discipline and some clever strategic thinking, you can start getting yourself very much on track.
When it comes to buying a home, advice is overwhelmingly centered on buying a primary residence.
No big surprise since you need a place to live. But, before you invest in a primary residence, you need to consider your lifestyle goals to maximize your budget and your quality of life.