Browsing CategoryMoney

Ways to Invest Your Tax Refund

Financial advisors recommend that American taxpayers attempt to adjust their tax withholding to see that they neither have to pay the IRS nor get a refund. This happy medium is difficult to achieve, and the average tax refund is a little more than $3,100. This is admittedly a nice windfall for most folks. The question then arises of how this refund should be used. Here are some options that will help improve the average American’s long-term financial standing. Pay Off High-Interest Debt The average household in the US now has about $16,000 in credit card debt. Even if the interest rate were…

Do You Want to Reduce Your Monthly Household Expense? This Article Has Tips Which Can Help!

You only need to look at just how little you can put into your grocery cart each week to know that it’s getting harder to stretch a hard-earned dollar. However, just because prices are rising doesn’t mean that you have to go without. Below are some great ways you can maximize your household budget. Buying in Bulk Works There is a reason why this idea is always at the top of every list of tips for saving money in the household – it works! Buying in bulk is the single most effective and easiest method to reduce your household expenditure. Items…

Parents: 3 Essential Pieces of Financial Advice to Teach Your Kids Early and Often

Parents pass down a variety of things to their kids; some of them by nature, and others by nurture. However, when it comes to financial health and wellness, all parents — regardless of whether they have a family net worth valued in the millions or thousands — should make it a top priority to ensure that their kids understand, embrace, and adopt the following three essential pieces of advice: 1. Saving is Spending — On Yourself Some kids think that saving is pointless (I believe the proper technical phrase is “like, so lame and unfair”) because it seems like a…

Where to Go for Debt Relief Help

When the faucet leaks, finding help is as easy as calling a plumber. For a flat tire, an auto service is the solution. Problems with debt? Those can be a little trickier to determine where to go for help. Many consumers think the first step to debt solutions is a financial institution where they can get more money. They don’t realize that there are financial advisors they can turn to who are on their side and can help them create a concrete and manageable plan for dealing with their debt. Not many people know how to handle bad debt. There…

3 Ways to Make Cash from an Old Car

Source Many car owners have found themselves in the same position at one time or another – you have a tired car that is a chore to both own and operate, and you don’t know if you should keep it. While some drivers are anxious to get rid of the dilapidated ride, it’s important not to rush the process. Even if you’re saving money for a new vehicle, think before you take on a monthly car payment. Take a look at these three ways to make the most money off an old car. Sell your old car It’s smart to…

7 Questions to Ask a Broker or Landlord Before Signing a Lease

Getting a new apartment can be a stressful process. About 37 percent of the U.S. population lives in a rental as opposed to an owner-occupied home. Depending on the market, you can be in competition against other people, which increases the stakes. You just want the best possible apartment for your budget. When you think you’ve finally found “the one,” don’t lose your cool. Appearances can sometimes be deceiving when it comes to real estate. There can often be extra costs or pratfalls involved in apartments. Here are seven questions to ask a broker or landlord before signing a lease. How…

What We Used for Money Before Coins

It seems that money is one of humanity’s primary motivators, even more so, in some people, than family, friends and love. This is possibly because if you have enough money then you have more freedom and more options to buy your way into the things we all really want (including friends and love, in some people’s worlds). We’ve all grown up with money in the form of paper notes and metal coins and some people find it hard to think of it in any other form, even distrusting online banking, for example. Throughout history, however, some really bizarre things have…

Spring Clean Your Finances with These 5 Steps

The key to keeping your personal finances in a good state and debt-free is to keep things organised. With spring now upon us, it’s a good time to think about “spring cleaning” not just your home, but also your personal finances. Putting your finances in order is not as difficult as it sounds. Once you’ve created a budget, set up your paperwork and bills. You will then find it easier managing your personal finances and offsetting your debts, maybe even resulting in savings to spare. Ready to spring clean your finances? Let’s get started with these 5 steps. Clearly note…

How the Miracle of Compound Interest Helps You and Your Family

If you ask people what are some of the greatest discoveries in history, I am sure they will leave one which helps your family off the list.  This is a discovery that allows your money to go to work for you.  While this sounds like a great thing, the fact that so many people are barely making ends meet nowadays means that they have completely forgotten about compound interest. That’s right, compound interest, that miracle of mathematics which helps your money to grow when it is invested wisely.   What makes it so powerful is that you don’t need to be…

Who Is Capital One Investing For?

Source Financial freedom is a dream that many people in the United States share. Being free from the day to day whims of a distant boss or clients that are constantly changing their minds and their demands is a very desirable state to be in. The trick is how to get there. There is value in being frugal and saving your money, but that can only get you so far. You need to be able to earn more money. That is what day trading and investing can do for you. And the be the best trader or investor you can…