Best Financial Tips For Any New Parent

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Having a child for the first time is one of the most exciting and nerve-wracking things you’ll ever experience. While there are countless facets to being a good parent, one of the big ones is good financial management. If you find it’s hard enough to manage your own finances, and you’re about to begin raising a young family, it may be time for a few changes. Here are some of the best financial tips for any new parent.

Look into Flexible Spending and Health Savings Accounts

As soon as you know you’re going to have a child, you should take some time to talk to your employer about flexible spending and HSA accounts. If your work runs one of these, and you qualify for the account, you’ll be able to deduct a given amount of your income before tax, and use this money to prepare for the needs of being a parent when your child comes into the world. If there’s anything left over after you’ve met those needs, you can move it to a savings account, and get a head start on your child’s college fund. [Read more…]

Why You Should Start An Online Blog

These days more people are starting up online blogs for many different reasons. It may be to share their advice or experiences or simply as an online hobby to document your daily life. Whatever your motivation is, starting a blog can be a great thing to do. So I thought it would be worth sharing with you some of the reasons why I think you should consider starting a blog.

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Are you an expert in something or do you have something to share?

 

A lot of people these days will turn to Google for all kinds of things, advice, tips, and tricks, which means more people’s online blogs are becoming discoverable because of the things they share. Do you have something that could be beneficial to someone? Perhaps you have great tips on household affairs. Maybe you have been through something and experienced something that isn’t discussed enough. Whatever it is, you will have something to offer the world, and blogging is a great way to share it.

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How Financially-Savvy People Go About The Business Of Buying A Car

Buying a car is never easy. There are so many decisions to make. But there’s no denying that some people are able to make better decisions than others – at least from a financial perspective. Here are some of the ways financially-savvy people go about buying a car.

They Agonize Over Whether They Really Need A Brand New Car

The first thing that financially-savvy people ask themselves when it comes to buying a car is if they really need a new one or not. While it’s nice to have a brand new car, you lose the vast majority of the investment through depreciation soon after the purchase. Did you know that the average car loses more than half its value in just three years?

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This applies almost across the board. Take the Citroen C4 1.6 Vti, for instance. The asking price of the car is a little over $20,000. But the value of the car after three years of ownership is just $7000, so it’s only worth about a third of what it started at. The situation is even worse for the Peugeot Ion. The car retails for nearly $40,000, but after three years, you’ll be lucky to even get 17 percent of the original asking price.

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Sensible Borrowing In 3 Stages

For many people, there come occasions in life when it is necessary to borrow some money. The underlying reasons for such a situation occurring notwithstanding, this is a situation which nobody enjoys being in. But if you do find that you are in sudden need of a helping hand, it is at least good to know that such help exists. However, not all borrowing is made equal, and before you sign your name anywhere you should ensure that you know what you are getting into. Done right, borrowing some money can be all you need to get your life back on track – so make sure you do it right. Let’s look at some of the essential stages behind sensible borrowing.

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Don’t Despair! Tips For Getting Your Family’s Finances Back On Track

If your family is struggling financially at the moment, you’re probably looking for the perfect solutions. Thankfully, there are lots of actions you can take to get things back on track. I’m going to highlight some of the most useful methods on this page in the hope of giving you a helping hand. At the end of the day, everyone gets into debt from time to time. So, there’s no reason to panic just yet. You should take a look at each of the suggestions below before selecting the most suitable. After reading this post, you should research each of the concepts in depth to ensure you make the right moves. When all’s said and done, burying your head in the sand is just going to make things worse. You need to deal with the matter as quickly as possible if you want to avoid any problems.

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Apply for a bank loan

 

Sometimes you just have to request a bank loan to sort your financial issues. If you work and have a good credit score, they should accept your application. Just book an appointment with the manager and take some ID along to the meeting. They will then go through the process and let you know if you can have the money. Presuming you’re approved, the cash could land in your accounts instantly. That means you could pay your debts and get back to normal in a matter of days. Of course, you will then have a new debt. However, bank loans come with low interest rates in most instances. So, they are often affordable and manageable. Just ensure you know the rate of the monthly repayments before signing on the dotted line.

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Stop Living Paycheck To Paycheck And Break The Cycle

The concept of living “paycheck to paycheck” entered the popular lexicon in the aftermath of the financial crisis nearly ten years ago. Once people stopped living beyond their means and started paying down their debts, they found that they had little money left over at the end of the month to put away for a rainy day. Although people are saving more today than they were in the run-up to the Great Recession, they’re still only saving a fraction of what they used to save in earlier decades – including the 1980s.

So what’s behind all this? Why aren’t people saving like they did in the past?

One answer is that it is a generational thing. So many people have grown up relying on credit from banks and building societies that they have essentially forgotten how to save. There’s a culture of being able to have everything now and work for it later, rather than saving up in advance. [Read more…]

Technology Can Help You Save Money


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When you say ‘technology’, most people think of expensive iPhones and games consoles, and although there is no denying that buying the latest tech can set you back a princely sum, the right technology can also save you money. If you’ve already splurged on the gadgets, you might as well get them working for you, right?

 

Here are some of the best ways you can make technology work for you:

 

Money-Saving Apps

 

If you have a smartphone, you can download a number of apps that will save you money. From apps that give you cashback every time you make a purchase to companies like Uber, which will enable you to spend less of the cost of transport when you need it, there’s always an app that will help you out when you need it. [Read more…]

Making The Experience Of Buying Your First Home Easier

Has the time come to buy your first home? If you’ve recently decided that you want to get a foot on the property ladder, then the chances are you are thinking about what it takes to get that house of your dreams. Admittedly, buying a house isn’t always as straightforward as a lot of buyers think, it’s actually a fairly complex process, especially when you are buying for the first time.

 

One reason why more and more people are choosing to buy rather than renting is because it means that instead of wasting money on rent each month, you are paying for a little bit more of the property. You’re not lining someone else’s pockets. Instead, you are ensuring that when it comes to yours’ and your children’s futures, that you are preparing. Although buying a house is costly, in the long run, it saves you wasting a lot of money, which is why it’s something that’s definitely worth doing if you can.

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To make the process of buying your first home easier, here’s what you need to do:

 

Save as much money as possible

 

If you are going to successfully buy a house, you will need to save up at least a ten percent deposit. If you’ve already got savings, then you may not need to worry about this, but if you haven’t then you will need to spend some time saving up. Remember, the higher your deposit, the more likely you are to be accepted for a mortgage. So, the more money you can save up, the better.

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Do You Really Have To Spend A Fortune On Makeup?

In recent years there has been a phenomenal shift in the makeup industry. What was once a dull scene dominated by a specific few drugstore brands is now a multi-million dollar industry, with everyone from Kylie Jenner to Kat Von D bringing out their own mascaras and lip kits. So, what exactly has changed? The most obvious argument is the landslide of makeup-related social media that is thrust in our faces on a daily basis. Ten years ago, we were all buying makeup, but none of us had any clue how to actually use it. Today, however, we can simply log onto YouTube, and a whole array of makeup tutorials and reviews are right at our fingertips. This rise of makeup bloggers and vloggers is typically what has caused the expansion of the industry, as picture-perfect makeup is something that becomes achievable for all of us. But all this availability comes at a cost – makeup is no longer the cheap asset it once was. With a good quality mascara now setting you back up to $18, it is clear that in order to get hold of the very best, you need to put aside a fair amount of money. Or do you? Take a look at these tips for getting the Instagram-worthy makeup look for a fraction of the price. [Read more…]

The Financial Case For Downsizing Your Home

Downsizing is never easy. No matter how you cut it, you’re going to have to say “sayonara” to some of your stuff if you want the move to be a success. The problem is that saying goodbye to your treasured possessions is easier said than done.

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But despite the problems with downsizing, it’s something that has become increasingly popular over the last few years. It’s not just about there being less money in people’s pockets. It’s also got a lot to do with people’s desire to be financially independent, be closer to work and have less impact on the environment.

 

Regardless of how you’re downsizing, here’s how to do it and save money at the same time.

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