With this fresh new decade, two things are true. It is cold this time of year and people will make new years resolutions. The problem is that most will not see their resolutions through. One of the biggest ones people make is to get their finances in order. With the economy the way it is and people struggling to keep or find jobs, financial stability is more important now than it has been in most of our lives.
A key step towards financial stability is having a workable budget. I would argue that having one is the key foundation towards righting your monetary sanity. Many times people will get ahead of themselves and try to hit a home run investing. I know I have tried that. it is a part of our modern culture to get what we want when we want it. And we want it now. The problem with that, when it comes to personal finance, is that if we have spent years being irresponsible it will take some time to fix those past mistakes. It won’t happen over
The first year of University is a daunting prospect for most young people, having to move away from your parents for the first time and being independent can seem scary. One of the biggest things that I see my fellow students struggle with is controlling their finances. For some people this just comes naturally, or maybe they will have a lot of help from their parents. However for the rest of us learning to live on a very small budget when you have never previously paid too much attention your cost of living is quite a challenge. I have written this article to provide you with some tips on a few areas in which students often struggle with money.
The first piece of advice I will give you is not to buy anything silly with your student loan when you get it! This might seem obvious but many people find it hard not to go and treat themselves the second they see that £1500 sitting in their bank accounts for the first time (or even the second, third and eighth times!). This is compounded by the fact that most students have a fairly sizeable overdraft nowadays, which
One of the financial concerns of companies within the food industry has been financing for food distributors. While inventory in other industries can lose value over time such as clothing, electronics, and furniture, inventory in the food industry has an expiration date. Lending to the food distributors has not been easy over the last 4 to 5 years. Many lenders are not familiar with sales cycles and turnover rates. Such lenders are more likely to understand and value those assets and provide greater liquidity and flexibility. Traditional banks may not be the best source in providing financing for food distributors.
A Line of Credit
A business line of credit is probably the best option. However, business lines of credit are not easy to qualify for. However, today there is an array of alternative lenders providing business lines of credit at a higher cost. The convenience of a business line of credit is that you will only pay over money you utilize. If you can obtain a business line of credit with a bank, your cost of capital will remain very low.
Factoring is another solution. Many food distributors turn to factoring. The challenge
For most stay home moms who have traded in their paycheck to spend time with their babies, pampering normally takes a nose dive. There’s little time if any to really concentrate on one’s appearance. And for most, finances are also tight. However, there are simple and quick ways to take care of the skin with products found at home or in the shops. I will share with you some of my favorite tips for taking care of that skin without spending much money.
Just scoop the avocado into a bowl and mash it up. Apply it on your skin like a mask and leave it on for 15-30 minutes. Then rinse with warm water. Your skin should feel supple already. Not only are avocados great for nutrition, they also rejuvenate and moisturize skin.
2. Yogurt (preferably plain)
Simply apply it on your face for 15-30 minutes and wash off. Yogurt reduces improves overall skin texture and gives you a healthy glow.
3. Olive oil and brown sugar scrub
In a bowl, mix olive oil and brown sugar to form a paste. After showering, use this to scrub your whole body.Then rinse off. Your
The second largest investment you will have in a lifetime perhaps is getting your own car. After you have scrutinized every model and zeroed in on the best car to purchase, the next process is to determine how you are going to pay it.
The road to car ownership is paved with car finance options. The package you choose will make the difference between monthly struggles and easy payments. Will you get to keep driving your car or have to default on the loan over a certain period?
When looking at your financing options, here are valuable tips to consider:
Think about interest rates. Your interest rate will depend on a number of factors such as the type of the car, the length of the loan term, your credit rating and the lender. Generally new cars have much lower interest rates. Higher interest rate is required for longer car loans. You will get lower interest rates if you have been pretty good at keeping a good credit rating score. Focus on the interest rates as different companies provide varying options.
Choose from as many lenders as possible. Your options for car financing could be
Don’t think you are the one to blame if you have a limited knowledge about your finances. The majority of Americans are not too savvy on finances. The reason is because basic personal finances classes are not offered on any level of education. Nor in schools, high schools, nor even in the top colleges and graduate schools.
There are common mistakes people keep making one time after another such as not planning their spending, not doing a proper due diligence and investigation before making any important financial decision, falling for any hyped financial product an smart salesperson is offering, etc.
We all have heard or read about the consequences of bad given financial advice, and believe it or not, a lot of the errors people make are committed when they seek for financial advice in the first place. This is because a good number of financial counselors are filled with biased information for their own benefit.
I’ve seen too many times the only financial advice given is to invest. But the correct approach must help you define your goals and discover your problems so you can link them to the rest of your life. All