Daily Archives: October 3, 2017

Archive of posts published in the specified Day

Oct
3

Tips For Saving Money

Still living from pay to pay? Or envying those great wealth accumulators and wondering how they did it? Every month you make a resolution of saving some dollars from your paycheck, but only end up breaking it. Looking for some magic formula for saving money?

Well, there's no magic formula-only some simple rules to be followed with determination and persistence.

Have you ever taken consumer credit-the credit used for personal finance? If not, then that's where you're missing. Those wealth grabbers, who are the subject of your envy, have smartly used the borrowed money and became rich. They did not hesitate in taking credit, and considered it as a valuable financial asset.

Credit is not something bad. On the contrary, it makes your life convenient and prevails you from falling in a tight spot. Yes, I know that your goal is to be a financially secure individual. We all have the same goal, do not we? Despite harboring such strong goals, many of us are scrapping every month, with no money left to fall back up on at the end.

I do not intend to entangle you in the intricacies of finance, but want to present before you, some simple rules that would help in saving some dough. But promise me that you'll put them to practice regularly. Although it takes some time-years maybe-to get the full results, yet the trick lies in perseverance.

Spruce your knowledge-get smart!
I'm not telling you to glue your eyes to the television watching the stock market or enrolling for a finance degree. What I want you to do is arm yourself with the basics of the market so that you do not make wrong decisions that cost you money. Intelligent decisions are the key towards a flourishing business.

Patience pays!
Without you win a lottery, do not think of getting rich overnight. But with time you can certainly think of owning bundles of those crispy dollars. So start saving your money as soon as possible. Let compound interest bestow you with its benefits. I hope you know about compound interest-it is the reinvestment of your already invested earnings. However, do not lose heart when you find your first reinvested earnings to be a petty amount. Initially, they are small, but over the years you'll watch them magnify.

Set a flexible goal
Do not be a ship without anchor. Set some financial goals in life so that you know your target. This will boost your confidence and you'll be able to visualize yourself better in the future years. I would suggest having flexibility in your goals. This is because situations are never the same, they keep on changing and you'll have to change with them too. Here, you can not be rigid in your ways. Keep reviewing your goals and-better still-select a good financial advisor that would assist you in achieving your goals.

Get rid of large debts
Want to know a wise way? Start paying off all your debts that have double-digit interest …

Oct
3

Auto Insurance – There For Your Own Good

Driving without the minimum auto insurance coverage required by law in your state is an indemnity. So, you have to get it even if you do not like the idea. That's the law. But, is not there more to this fulfilling the requirements of the law? I'll talk about this here and also show you how to save much on your auto insurance …

The minimum is okay if you can live with the consequences. I know you're a very careful driver. You've taken courses in defensive driving and do know how to respond effectively. Good for you, but be careful. A single lawsuit could easily wipe out your live savings and mortgage your earnings for the rest of your life. Then it would be penny wise; pound foolish. If you're luckier, it could just be the loss of your car (That's really for the very lucky ones). But for those who are exceptionally lucky, they get away with it. They drive with the barest minimum coverage and nothing ever goes wrong. That's what everyone prays for. But just imagine for a moment that the worse case scenario happens to someone who took that position.

Others learn from them. They become examples to others in a very bad way. The necessity of getting the best coverage then becomes glaring to all you witnessed their misfortune. Folks who witnessed the devastation quickly adjusted their auto insurance plans for better coverage. If you still remain unconvinced that a wider coverage is a wise move, do a little in-depth thinking.

Insurance as a whole is offered in the hope that it will never be needed. It's one thing you buy with the prayer that you never have to use it. Even insurance companies thrive on the fact that the majority of insureds will never make a claim. But whether one in a thousand or million, claims are made. The question that makes this wise step for the insured is: "Who would be that one to make the claim." If you are the one, you've actually earned. But if you never make a claim, you paid a little price for some peace of mind.

At the root of this argument is the cost of additional coverage. But what if you could get much more for the same amount? How's that possible? It is obtaining and comparing quotes. Just visit at least three quotes (preferably those owned by insurance brokers), obtain and compare quotes for better coverage. Someone saved $ 2,200 on his policy. Such a person could easily get additional coverage and still have a good amount left. Although you may not get such savings, a few hundred dollars would go a long way, do not you think? …