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.

What To Expect When Investing In Real Estate

 

So you have seen plenty of infomercials with the dude in the nicely pressed button-upped white T-Shirt smiling ear to ear waiving his rock-solid no-money-down rags-to-riches investor course for three easy payments of a million bucks (as long as you call today) and now you are thinking, “Wow this seems like a good deal, I better get it quick before the exclusive offer expires.” You see how there is always an exclusive offer? Anyhow, That does not mean this person is not being truthful, however no matter which study course or strategy you buy into there are many key areas that a person should avoid when participating in any real estate related transaction.
The whole point in investing is to look for properties that are undervalued. How do you determine what is undervalued as opposed to over-valued? Without engaging in technical details, the conclusion is you will need experience. Much like shopping for anything else, real estate is actually one of the highest ticket products in the shopping mall of life. It is better to stick to one market, most likely the one closest to you in distance as a starting point. Using your experience and asking the right questions, you will ultimately have an understanding of the pulse of the marketplace you are looking after, and naturally recognize what is regarded as a good buy.
Of course, you are going to need to do more work! This part is actually common sense though, but executing it is where the beauty as well as payoff will come in. How do you generate income in real estate? The standard way is to purchase low and sell high. So from the initial step, you have recognized general trends in the value of properties, and are very good at finding undervalued houses. Assuming you acquire that house, you might want to take advantage of it by selling it off to somebody else for a greater price. How might you do this? Well there are many ways. For starters, most markets appreciate in worth with time so if you prefer a long-term strategy that will work. Making improvements to the property will quickly increase the price of the property as well. Think in terms of what the market wants, not what you personally want. You are not the one purchasing it; you want to sell it to somebody else for a greater price than you purchased it.
It might be a good philosophy to pass through life on a whim, but real estate is serious business, and therefore thorough financial planning and cost management is crucial for your success. Do not worry there is no need to be a finance geek, however you have to be disciplined and know your financial budget from the beginning, or you might learn that you have to make specific renovations or enhancements, and did not expect it going over budget. Think ahead of time as to what is needed before actually going forth with investing in real estate.

Personal Finance Online: Top 5 Financial Goals Examples

 

When considering budgeting, financial goal setting is one of those rare activities used by the wealthy and successful who are well used to using the tools available for managing their personal finance online. Information is easy to find because of the breadth of social media platforms and their accelerating usage amongst the money wise. Sometimes the issue is not what you know it’s what you do with that knowledge – from Belfast, Ireland to Kuala Lumpur, Malaysia.
Financial Goals can obviously be anything, from short term little goals like saving for a guilty pleasure, through to big goals like becoming debt free, but it can sometimes be a struggle to know what to aim for. Financial goals examples are good places to start when planning personal finance online because they can be copied, emulated or modeled, and since this series is concerned with every aspect of personal finance online, we researched the top financial goals from the wide variety of websites providing insight on personal finance online, and present below the top 5 financial goals examples.
1. Clean Up Credit History
The number one entry in our financial goals examples, is clean up credit history. One of the primary weapons in managing personal finance online is the credit or FICO score. Contrary to myth, there is no single ‘score’ or ‘rating’ -these are different calculations by lenders on the basis of how much profit they can forecast from you. Common ways to clean up a personal finance credit history are to check your report from credit reference agencies, change bank accounts, close unused credit card accounts, detach from people you’ve been linked to in joint borrowings, and ensure you have standard things like a land line and entry on the electoral register. These can all change your profile after 6 months has passed.
2. Create A Workable Budget
The number two entry in our financial goals examples, and one which is particularly relevant to managing personal finance online is to create a workable budget. The central principal in any budget is understanding where all the money goes – specifically, and then making choices and decisions about how to use the available funds – within your means.
there are many personal finance online software tools, budget worksheets, family budget spreadsheets, all available to assist in setting these financial goals.
3. Eliminate Bad Debt
The number three entry in our financial goals examples is to eliminate bad debt. Eliminating bad debt is easy. Pay the minimum on all cards and loans except the most expensive interest rate, to which you allocate as much of the budget as possible. When that card is paid off, transfer all that budget to the next expensive, and so on until they are all gone. Other options include debt management plans, debt counselling services, or insolvency remedies like bankruptcy of voluntary agreements. The hardest action in eliminating bad debt is taking action to start, the rest is pretty straightforward
4. Create An Automated Savings Fund
The number four entry in our financial goals examples is an essential part of personal finance budgets, for either a rainy day, an emergency or some future purchases. Sometimes called income smoothing, it involves paying yourself first out of money coming in, before paying the expenses and bills. Simply divert a sum the same day the paycheck clears at the bank – you’ll never notice it gone, and build up your reserves. You can keep track of how it is building by including it within the budget section of a personal finance online tool, or personal finance budget software.
5.Start A Business
The final and possibly most lucrative of our financial goals examples is to start a business. This is easier than it sounds and can be done even if you are in a full time job. It is really easy to start an online business, create knowledge products and sell them online. All this secondary income has huge tax advantages, and if you want to get serious about it full time there are plenty of coaches, like me, who have done it and can help.

Finance Personal Software Reviews

 

Financial experts agree that finance personal software can help you reduce “financial stress”. Money budgeting helps you keep track of your expenses and income, plan wise money-saving strategies, gives you control over your money, peace of mind, and saves you time.
These budget software reviews provide information to help you decide which personal accounting software is better for your needs.
Mvelopes – uses an envelope budget system where you save part of your income periodically (by-weekly or monthly) to pay future bills and stay within your budget. You create spending categories called “envelopes” which you set up for your various expenses. Mvelopes focuses more on budgeting your money than most other finance personal software programs.
Their application is website-based, so you don’t need to download any personal accounting software on your computer. This allows you to share software budgeting with another person, such as your spouse and this also causes less tech support problems. This envelope system includes features such as FREE online bill pay service, automatic monthly income allocation to your spending accounts, and links to more than 14 thousand financial institutions.
Summary: Mvelopes is particularly useful for people who travel frequently and want web access to their financial planning. Disadvantages: There is only one savings category, it has quarterly and yearly fees, and is more elaborate than other finance personal software systems, so it takes longer to learn.
You Need A Budget – By using their four sound financial principles, you’ll never find yourself in financial trouble. Their finance personal software is user-friendly and allows you to import information from your bank, set up repeating expenses, offers unlimited user-defined categories, charts, and other reports. A great advantage is their automation, so you don’t need to repeat data entry.
Setting up YNAB finance personal software is fast and easy and they offer great support such as online tutorials, a wiki, user forum, online user manual, a FAQ section, and FREE online coaching through webinars. After you set up your starting budget, you can easily import information from your banks, schedule payments and tasks, create charts, and other reports to organize your finances.
Summary: YNAB comes with 5 bonus spreadsheets, auto-suggest budgeting and The YNAB Way eBook FREE. Disadvantages: Currently is not available for Macs, though you can run it on an emulator.
Quicken Deluxe – combines data from your bank account, investments, and monthly bills into a single database so you can better organize your software budgeting. This finance personal software includes many solid tools to help you create your monthly budget, pay your debts, allocate regular savings, manage your investments and plan your retirement.
Their finance personal software is very good for tracking and analyzing your expenses and this is a big help at tax time. It provides you with comprehensive, searchable help topics even with no Internet connection. Quicken Deluxe offers access to most major banks so you can download your statements automatically online. You can set up automatic data downloads at a specific time each day; however you must close it to run scheduled updates.
Summary: Your impression of Quicken Deluxe finance personal software will depend on the compatibility between your bank (and other financial institutions) system, and Quicken’s data access. Disadvantages: It has reported software bugs, no portfolio analysis, expensive phone support, and doesn’t open during downloads.

Mortgage Loan After Foreclosure – How to Get the Home Loan Your Want

 

Too often people seem to assume that just because they have been through a foreclosure that buying another house in the future is an impossible dream. This is not a good attitude and I have seen many many examples where people have gone on to successfully obtain mortgage loans and fulfill their home of buying back into real estate.
In this article I will give you some of the valuable lessons I have learned that will help you get another mortgage after your foreclosure. If you have recently lost your home then hopefully this will be a good article you can learn form.
A great starting point to getting a back your home to start tracking both your income and expenditure. To do this you need to start writing down every dime that comes in and out of your life. For every item try to classify each spend into categories such as: eating out, socializing, groceries, utility bills, rent, clothes, gadgets, loan repayments etc
After a couple of weeks sit down and work out what you spend on each category each week. You will almost certainly be able to identify areas where you can reduce your expenditure. Common items are cigarettes, coffee, bagels etc. Work out how much you spend on each of these per year and you will most likely fall of your chair in surprise.
Improving your credit to such an extent is simply about changing your habits. Start spending on essentials or things you really want, don’t waste your money, pay back your bills first before deciding if you can afford that meal out.
Perhaps the biggest lesson of all I can offer to people that currently have bad credit is that you must not delay. Repairing and fixing your credit will not happen over night but if you do a little every day  it will not be long until you start to see real improvements and you will be closer to your dream of buying another home.

My Music is Going Places

I have been singing since I can remember. My family was heavily involved in our local church, so I grew up in children’s choir. As I got older, I became the worship leader, which is something I still enjoy to this day. I knew I wanted to make music my career, so I did some homework to see how to make this happen. When I came across an article explaining how to buy music plays for Spotify or Soundcloud, I knew that I was going to do that myself. I use Spotify every day, so it just blew my mind that I could be one of the featured artists on there for other people.

Of course, it does not work exactly like that. I was able to find a company that had several different packages available to get my songs played on Spotify. The nice thing about this is that the prices of these packages are so affordable that I was able to afford the premium package without any problem. What I liked is that it guarantees me a certain number of plays on the music platform, so I naturally wanted the premium package since it would be played thousands of times on it.

The entire process was easy, and I knew that my career was going to change as soon as I made that decision. I am going to continue to be a worship leader because that is where my heart is, but now I can have a music ministry that is going to go outside the walls of my church because of this. Spotify is one of the most popular music apps, and my music is going to be available on there. This is going to open up doors for me that would have otherwise not even been available!

No Credit Score Mortgage

 

Even if you have no credit history you can still get a competitive mortgage loan from most of the major lenders. Although it may not be exactly the same type of loan as those available to people with a higher score. Many people are having a tougher time than ever when it comes to being approved for a loan, but the good news is that no credit score mortgages are available.
When you are looking for your loan provider you should take time to carefully do your research. Without a credit history you may not be eligible for loans that come with the best terms, there are many mortgage lenders out there that cater for people who are in exactly your situation – so talk to as many different loan officers as possible to find someone that can help you.
When you do find a mortgage lender they will calculate the risk you pose to them. This will take into account your credit score as well as the amount you earn and other assets/debts. Without a credit score, you will be classified as a slightly higher risk to the lender. This means that you probably won’t be offered the best interest rates and you may also be required to make a large down payment as well take out a mortgage insurance policy.
Whilst it may seem as though many options are closed off to you, there are a number of ways you can be approved for a no credit score mortgage. All it takes is a little time and research to find the best lender who will take your application. This way you can ensure you are getting the best deal for your situation!

Can Students Get an Auto Loan Without Any Credit?

 

Aside from the exceedingly rising costs of paying for a higher education, books, housing, food, and everything else that comes along with going away to college, many students feel the need to obtain their own transportation as well. While many students live on campus, not all do. Deepening the pressures of their studies, many also take on part time jobs to help with their expenses making it even more necessary for them to have their own reliable transportation to get them from place to place in a timely manner. But how likely are they to be approved for a loan when they have no credit? Believe it or not, very likely. Many lenders offer special auto loans specifically for college students that include several distinctive advantages spelled out to help a student with their needs and to build their credit rating.
Being that most students are young and have not yet had a chance to establish a credit rating, most have none. Many lenders realize this and are willing to take a chance on students whom are working hard to improve themselves and their education. By doing so the lenders are also willing to lower the standard approval requirements making it much easier for students to acquire necessary loans. Most are even willing to approve applicants that may seem risky in order for them to prove themselves worthy.
Knowing the demands of the average student, these loans often also come with a much lower interest rate and as well as have lower monthly payments throughout the life of the loan. This makes it much easier for students to keep up with their loan and more difficult for them to default on their loan further on down the road. In many cases, lenders may even be willing to lessen or disqualify other terms included in most other loans too.
Since the costs of a college education rises every year and most every student these days needs to have a student loan in order to further their education, lenders realize that requiring a large down payment is not necessarily a viable option. Typically the more risk a lender takes on, the higher the interest rate, making this yet another example of the flexibility lenders are willing to give to students. In some special cases or during limited promotions, some may even remove the down payment requirement all together.
Another advantage is the lack of a needed co-signer. Typically without a good credit rating, a co-signer is a must. Again, with college students, this is often not required. This is very good since finding someone willing to put their credit rating on the line is often times slim to none.