Tag Archives: money tips

It’s Time To Stop Wasting Your Money

It’s Time To Stop Wasting Your Money

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As a general rule, people try to be pretty sensible with their money. In today’s economy, money isn’t the kind of thing that any of us can afford to throw around. Unless you’re in a very privileged position, your money is something that you’ll want to take good care of and not waste. That being said, there are always ways in which you might not be handling your money quite as well as you would like. Of course, this definitely applies to some places far more than others. With that in mind, here are some of the most common places where you might be spending more money that you want to be.

Your home

Your home is likely to be the most expensive thing that you own. Which makes it all the more important that you do your best to bring the cost of running your home down. Luckily, there are plenty of ways you can do just that. If something goes wrong with one of your appliances then contacting someone like Appliance Repair Whirlpool to get it fixed instead of replacing it is going to be a far cheaper option. Not only that but simple things like reducing your energy usage is a great way to bring your regular bills way down.

Entertainment

Most of us use many of the stellar, and fairly cheap, streaming services that are currently available like Netflix. These services are fantastic as they allow you to pick from a huge library of titles, both old and new. That makes it that much more ridiculous that so many people still pay for standard television. A lot of streaming services are available for specific TV channels to catch up on stuff you’ve missed anyway so there is no reason to bother with standard television anymore. Do you really want to shell out extra money just so you have to TV on a fixed schedule instead of whenever you want?

Transport

When trying to find the right car, it’s shocking how many people tend to ignore the mileage that they can get out of it. Of course, there are plenty of important factors when choosing a car, but you really don’t want to neglect the average miles-per-gallon. It might not seem like something especially important, but that cost will start to add up over time. If you’re not in a position to switch to a more economical car right now, consider carpooling to work. By doing that you can split transport costs down the middle, saving you a lot of money.

The reality is that spending money we don’t want is just an inevitable part of living in the modern world. The key is to make sure that you put as much effort into taking the best car possible of your finances so that you don’t wind up in trouble. Simple things like reducing your spending and giving yourself a safety net by putting money in a savings account can make a huge difference and let you get on with your life.

Tia, and TipsfromTia.com  is trying to keep you looking good and
feeling good, from the inside out. If you’ve got a problem or a tip email me! Be sure to Like and share on Facebook or Follow on Twitter or Instagram.

Where Should You Invest Your Money?

Where Should You Invest Your Money?

Many people see investing as a form of high-stakes gambling. Whilst some investors do lose all their money, it’s often the result of choosing riskier things to invest in or simply not doing enough homework. Some investments can be much more secure and are perfect for first-timers. They still require doing a lot research, however with this research you’ll be much more likely to make a return. Here are several popular investments that are most likely to make you a profit.

Gold

Gold will always be valuable and whilst it has been known to fluctuate in price it always returns to a steady increase in value eventually. There are many gold dealers such as Royal Mint from which you can buy gold. You can then hang onto the gold for a few years and let it rise in value before selling it for a profit. Selling gold can be the hard part, so do your research in order to find the highest bidder.

Green technology

In years gone by, everyone invested in oil. As laws come in to reduce fossil fuel usage, investors are now turning their attention to sustainable energy sources such as wind and solar energy. Investing in a green technology such as solar panels or wind farms could make you a return. If you’re not keen on shares, you can even buy solar panels for your home and save money in the future on bills.

Foreign Currency

Currency rates are always changing. By doing your research, you may be able to find a currency that is on the rise and worth investing in. Forex brokers such as Axitrader can help advise you on the best cash to convert with the lowest transaction fee.

Medical Insurance

Medical insurance companies such as Health Insurance Innovations could be worth taking out shares in. These companies have been showing a steady profit over the years. Not all medical insurance companies are seeing such rises, so take time to compare them all first.

Property

Property has long been the investment of choice. One option is to buy a property and rent it out to tenants for a profit. You may wish to hire a property manager or go through an agency so that you always have tenants in the property and so that your rent is always getting paid. Another option could be to buy a property and renovate it so that it’s worth more value. It’s possible to do this with your own home – just make sure that you don’t spend more money remodeling your home than the value that you’re likely to get out of it.

Lending sites

For investors with only a small amount of money to play with, lending sites such as Lending Crowd are one of the best options. These sites allow you to lend any amount of money you want to any kind of cause. Like a loan, the person borrowing your money will pay you back with interest on top. This interest then serves as a profit. The more you lend, the bigger this interest will be.

 Tia, and TipsfromTia.com  is trying to keep you looking good and
feeling good, from the inside out. If you’ve got a problem or a tip email me! Be sure to Like and share on Facebook or Follow on Twitter or Instagram.

5 Smart and Simple Tips for Avoiding Debt. Guest Blogger Karleia S.

By Guest Blogger, Karleia S.

 

5 Smart and Simple Tips for Avoiding Debt

Photo Provided by Guest Blogger, Karleia S.
Photo Provided by Guest Blogger, Karleia S.

People have been conditioned to believe that aggressively avoiding debt is no fun. Spending money is one of the easiest ways to get immediate gratification, no matter how short-lived this sense of gratification might be. Unfortunately, overspending has become all too common and it is having a significant and very negative impact on average life qualities. Following are five steps that you can take to avoid debt while still living a pleasure-filled life.

1. Create a Budget

Sadly, many consumers are still eking it out from check to check without solid, written plans for how they are going to manage their money. Not having a budget greatly increases the likelihood of debt and it also eliminates the ability to maintain a consistent savings plan. Take stock of your regular expenses and your total monthly income and then determine the best way to part your funds out. Make sure that you have adequate funds for entertainment and that you are always saving at least some small portion of your earnings for a proverbial rainy day.

2. Increase Your Income

The majority of debt that people are currently taking on right now is associated with short-term funding solutions such as payday loans and car title loans. If you find that you are always searching for some extra cash to cover your regular expenses, you probably aren’t earning enough money. Consider taking on more hours, starting an online business or applying for a better-paying job. When your income is not sufficient for comfortably meeting your costs of living, the practical decision is to increase it. There are many ways that you can do this without having to work more or harder. Spend time brainstorming to determine which strategies will work best for you.

3. Start Using Credit Cards for Emergencies Only

As Faber Inc reminds us, your credit cards should be reserved for major, planned expenses and for emergencies. If you are pulling your cards out each time you enter a store, tracking your spending and adhering to your budget will be impossible. Keep only one credit card in your wallet for urgent expenses and keep the rest of them locked up at home. You may even want to decide whether or not having more than one or two cards is necessary.

4. Start Doing More For Yourself

Before hiring any service provider, consider your own skills and resources and see what you can do on your own. This is true whether you need a handyman or have been paying a local deli each day to make your lunch. Any effort that you make to cut down your spending will give you more money to save.

5. Create a Regular Workout Plan

Exercise and good financial habits are surprisingly connected. This is because most people are making emotion-based decisions each day, rather than practical, balanced judgments. Regular exercise floods the body with feel-good hormones, making it much less likely for people to crave the immediate gratification that unplanned spending provides. Best of all, you really don’t need more than free time to get your fitness routine going. Try taking long, daily walks or creating a small, low-thrills workout area at home. You’ll spend less and feel better.

Tia, and TipsfromTia.com  is trying to keep you looking good and
feeling good, from the inside out. If you’ve got a problem or a tip email me!