Live the Life You Deserve With Financial Freedom


It’s time to manage your finances in a perfect way so that you don’t end up in the dump due to financial crises that the world is facing today. Many people have lost their jobs, businesses have closed down because of the incurring loses. So you should learn from the devastating financial situation that people who had flown to such heights but have fallen with a bang are facing today. This is all because the financial bubble has burst and the air has blown out.
Start planning for the worst and hope and pray that it doesn’t is the safe passage because you will be ready to face them in a better way. Develop a personal financial plan that will pull you out of the rough spots should this disastrous situation arise.
Take an account of your expenditure and plan a personal financial plan plus maintain a balance between the two and save a little for unpredictable situations. It is necessary for you to cut down your expenditure by slowing down on your wants and concentrating more on your needs as the wants are your luxuries that you can afford to miss but the needs are your necessity that is vital for living. Just by eliminating the extra that you are spending you will be able to save a lot.
Always keep your documents in an organized way so that when the need arise you can easily present it instead of running around in circles and looking for a particular document that you may have misplaced. Plus you should also keep your entire documentation in a fire proof box and in times of emergency you just need to grab and run and this way you will be on the safe side.
But if it is hard to make ends meet you can easily opt for a second source of income and save the extra money that you earn through it for unpredictable situations. You can use your talent or your hobby to increase your income plus you can do online jobs from your home this way you will be able tor relax and work in a better way.
The will power and determination are the two factors that keep you motivated and you should never loose them. You should never fall or waver off and instead always stand firm no matter what the circumstances are. Keep shaking hands and communicate with others as this way you will be able to maintain a solid footing in your financial crises.
Look out for realistic money generating ideas and follow it religiously so that you can be prepared when cold wind hits you. In earlier days people were into saving money and people didn’t let anything go waste. So its time to become thrifty and adopt it in your lifestyle as this is the only way that you save a lot of bucks with your head held high. Because of the faltered economy unemployment has risen and its high time you saved and stretched the family have to keep track of your expense and see where you can cut down and you should also try to curtail spending your budget on non essential things.

5 Money-Wasting Habits to Stop Now


“Nobody can go back and start a new beginning, but anyone can start today and make a new ending.” –Maria Robinson
Take a moment to think about this quote. Ask yourself how it relates to you and your personal finance habits. It’s not always about beginnings. Sometimes it is about endings – ending old ways of doing things so you can start building your ideal life.
Here are some common money wasting habits you might have right now.
1. Buying on impulse – If you have a budget and know how you have targeted your spending each month, this one is easy. If not, now might be the time to set up a budget. Start simple. Follow the easy steps in my budgeting article. If you need help with setting up your budget, get the help you need.
2. Stop paying for things you can get for free, or things you can get for much less – You probably think you never do this. Ask yourself, are you paying for:
Bottled water – Buy a filter to attach to your kitchen and/or bathroom faucets – or get a water-filtering pitcher. Lunches out – One trip a week to the market, and you can get all you need for lunch for the cost of 1 or 2 days of eating lunch out. All the latest gadgets – Wait at least 6 months or more when the latest smart phone or electronic gadget hits the market. The prices are likely to drop significantly.
3. Buying designer name brand clothing – Go for knockoffs, if you like wearing labels. Or better yet, find a thrift store or consignment shop in upscale neighborhoods. You might even find authentic brands for 1/4 of what you normally pay.
4. Getting a new car every 2-3 years – Cars lose value the moment you drive them off the lot. That means you can drop thousands of dollars as soon as you turn out of the dealer’s lot. Maintain your existing car. Or if you have to change, go for a slightly used one. Remember to choose brands and models that hold value.
5. Paying for gym memberships and equipment – If you haven’t been to the gym or used that equipment for 3 months, get rid of it. If you decide to get serious about getting fit, start with walking, running, or get a cheap DVD to use at home.
There are more you can probably think of on your own. Why not make your own list.

How To Prepare For Economic Hard Times


You do not have to be a rocket scientist to understand that the current economic outlook is not good for the next few years. Hopefully I am proven wrong on this, but when you look at the cold hard facts, it is obvious there are some hard times ahead.
The housing market has not hit rock bottom yet, and the worse is not yet over. A lot of analysts are worried, that too many people are in a false sense of security here at the start of 2012. No one really knows what the outcome will be because what we are witnessing is unprecedented on a global scale.
The problems out there now are a lot different to the depression in the 1930’s. While there are some similarities, you must understand that many changes have taken place since the 2008 financial crisis, many people have lost great sums of money, but remember it is more important to focus on “what you have now” and not “what you had” back at the height of the crisis. Do not get caught up in all the hype and hysteria at the moment.
There is a lot of hype out there at the moment about an end of the world scenario that is about to play out. While there is cause for concern, there are many things you can do to help minimize the risk to you and your family.
1) Pay Off Your Debt
Do what it takes to pay off all your existing debt. You may need to downsize your home to pay off your debts and bills more easily. Start by paying off your larger debts first and then your smaller debts last. Remember that the more you pay off each month, the less interest you will have to pay down the track.
Do not waste money and engage in obtaining more loans or credit cards in this period. That will just add to your problems.
2) Destroy All Your Credit Cards
You are making someone else rich by having your own credit card. It is too late for most people before they realise this. If you can’t pay cash for your items, then you should not be using credit that you cannot to pay later down the track. That is a very dangerous game to play. It is better to pay cash and destroy all the credit cards you have at the moment.
3) Save Cash For A Rainy Day
It is always handy to have some cash in your safe at home or close at hand in case of an emergency or problems with your local bank. Back in the 1930’s many people lost their entire life savings when the banks failed and the stock markets crashed. So it is always handy to have access to money for the necessities in life such as food, water and gas for your car.
4) Stock Your Pantries
You might have thousands of dollars invested in the stock market, but in times of need that is not going to feed your family. You should start thinking about stocking up your home with food, water and other canned goods. Not only will this be a great back up plan, but you will end up saving tons of money in the long term.
Buy everything your family eats, especially canned goods with lengthy expiry dates. Also you may want to stock up on other daily necessities like toilet paper, medication and personal hygiene items.
5) Learn Self Defense
This is your god given right. To defend your home and your property in times of need. If food becomes scarce people will do anything in order to survive. Make sure you purchase a gun and ammo and learn how to use it.
You may want to take a self-defense course and learn how defend yourself. Make sure you evaluate your home and see if it has any weak points or susceptible to a home invasion. Can you fix these problems or vulnerabilities?
6) Have At Least Two Back Up Plans
Always have a backup plan, and then a back up to that backup plan in case of an emergency. The government do not have y our best interest, and it important for you not to rely on the grid. If the power goes out for an extended time period always make sure you have extra food, water, heater and light.
Always think outside the box, and realise that you should plan for the worse and hope for the best. That way you will win and be able to survive no matter what.
7) Acquire New Skills
Learn new skills from time to time such as how to bake bread, gardening, hunting, fishing, knitting, making soap. Any of these skills will be useful if things slow down. They can make your life easier too. Certain skills require time and patience on your part, but will be worthwhile and will keep you prepared no matter what.
8) Make Friends With Neighbours
In today’s modern society we tend to stick to ourselves. Back in ancient times, people harnessed the true power of living in small groups. You can help each other, and make heavy workloads lighter by chipping in, and working in a group.
Get out, and meet all your neighbours. Get to know those around you better. Not only will you make new friends, but your neighbours can help you look after your house when you are away, and help protect the surrounding neighbourhood in which you live. Small based communities like this will survive if the economy dwindles further.
9) Get Fit
You will want to keep up physical peak fitness as the economy weakens. Scientific evidence suggests that people who are more physically fit are healthier, feel better, look better, get sick less often, and are normally happier.
You will also want to stay fit in case you have to walk long distances or have to protect your home for various reasons.
10) Pray
Ask the lord to keep you safe and guide you and give you the wisdom you need to make the right decisions. No matter what happens to the economy, you must realise that God is still in control. It may not be easy, but these changes are happening for a reason and we must trust that it is for our own good. Think of the coming changes as a wakeup call for society to focus less on greed, money and materialism as we go forward.