Debt has a bad reputation. Total household debt in the US now stands at $12.07 trillion, and many Americans are striving to reduce their personal debt. However, when used intelligently, debt can be a very useful financial tool. For example, if you use debt to purchase a car to enable you to travel further for work and increase your earning potential, few would consider that … [Read more...]
An Easy-Peasy Method to Help You Manage Your Monthly Budget
Getting on top of what is coming into and going out of your bank account can be a minefield. There are so many direct debits, standing orders, one-of payments, top ups, sudden expenses and other payments to keep on top off, that you might suddenly log into your online bank account and wonder why it is overdrawn, or why there is no money left for a certain bill or … [Read more...]
3 Easy Ways To Take Advantage Of Your Credit Card
Due to some negative reviews about credit cards, and how one may end up paying high interest rates and fees, many people do not sign up for them. But you should take advantage of credit cards concierge service. There are other ways through which you can benefit from your credit card. The catch is to ensure that you use a credit card for essential things, and also ensure … [Read more...]
5 Hacks You Can Try to Increase Your Chances of Getting Approved for a Personal Loan
Having trouble borrowing the money you really need? You're not alone. Many of us have been there before. If you're struggling financially or need a loan for some other reason, you might already have faced the brick wall that many lenders seem to be these days. But all is not lost. You can still get the money you need under reasonably agreeable terms. In this article, … [Read more...]
Equity Release Explained
If you’ve had a mortgage for decades, you’ve accumulated a significant amount of equity, sometimes several hundreds of thousands of pounds, in the home. If you need the cash, perhaps to cushion your retirement, to fund your in-home care, to help out family members, or to make improvements to the house, you can use a product called equity release to access the value tied up in … [Read more...]
Your Complete Online Guide to Seeking Financial Freedom in 2019
Financial independence is a function of your last payday. That last check opens a future defined by your life thus far. It can mean a comfortable life in retirement or the need to work for supplemental income. A strategy for achieving financial independence will reduce your stress. As David Ning wrote in U.S. News Money, {You will be much less stressed out. It's no secret … [Read more...]
How to Achieve Financial Independence
At least six out of 10 millennials believe that they can achieve the American dream. For this younger generation of Americans, the American dream means owning a home, living debt-free, retiring comfortably, and pursuing one’s passion. This offers another view on the mind-set of millennials who are often chided over their seeming disregard for traditions like … [Read more...]
Budget Vs. Financial Plan: Here’s Why You Need Both
The term “financial plan” can be a little confusing because most people people have never actually seen one. To add to the confusion, there are a lot of misconceptions of what a true financial plan is or isn’t. For example, while there might be some overlap between a budget and a financial plan, it’s important to know that the two are distinctively different. Your monthly … [Read more...]
3 Tips for Staying Updated on Savvy Financial Management
We live in a fast-paced society. If you’ve ever had the feeling your to-do list grows increasingly longer while the days seem to fly by faster than ever, you’re not alone. Even consumers with a goal of learning more about personal finance can find it challenging to stay truly updated. So, what are today’s best sources of savvy financial advice? Consumers will surely have … [Read more...]
The Biggest Benefits of CFD Trading
Trading currencies, commodities, and even stock indices via CFD trading are extremely popular because of all the benefits it gives. If you’re reading this, you’ve probably already gone through some materials on trading. You’ve also probably read a thing or two about CFD trading explained by expert traders. If you have the basic idea about CFD trading but are still a little … [Read more...]