Some people are very budget-conscious, while others are not. Some people pay very close attention to benefits that they may be entitled to, whereas for other people, this is not so much of a focus. However, if you can figure out how to mix those two ideas, then you will give yourself an excellent chance to feel comfortable with the synergy between the two … [Read more...]
Buy-to-Let vs ISA
With so many different options nowadays in the land of investment, it can be confusing to know where to put your money in order to get the best returns at the lowest risk. Two of these options that we will be comparing are buy-to-let property investments and the bank option of the simple ISA. Buy-to let Investments There are many benefits to buy-to-let … [Read more...]
How the Financial Decisions That You Make Now Shape Your Future
What we do now shapes our future, and that’s often most true in the world of personal finance. There, the decisions we make in our student and young professional years can impact us in ways than extend all the way to retirement. Saving money while you’re young will give you time to enjoy the benefits of compound interest and create a more comfortable retirement. You won’t … [Read more...]
Knowing These 3 Line of Credit Options: Do You Know How to Use It Your Advantage?
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...]
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
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...]