2016 is shaping up to be year of switching financial gears here at FamilyMoneyPlan.com. Our mortgage is paid off and soon so will the rest our debts will follow. So we are turning to building wealth. While we have done some investing on our own in the past, we have also made some mistakes. With those mistakes in mind, and learning from our past, I’d like to share a few ways with you to not stink at investing. Start Small Is it just me or when you start doing something new there is this overwhelming urge to go all in…
Author: Tina Roth
Your credit card is one of the factors that decide your credit score. Have any idea how important the card is? Probably not. But I hope you’ll get the idea once you are done reading this article. To start with, paying off the outstanding balance on your card in time is not enough. There are few other things that you need to keep in mind when you use your card. Only then, you can increase the score, and keep it that way. The list begins with………. Charging less Are you one of those, who are impulse buyers, get carried away…
Most people are always on a lookout for a new way to invest their money and make a profit. One of the more popular new ways of trading is in the binary option market. It is not a ‘new’ market per se, but since the emergence of the internet as a trading venue, it has definitely been on the rise, with more and more traders engaging in binary option trades than ever before. But, is it a good idea to invest in binary options? Binary Options Explained In order to even start debating whether binary options are a smart investment…
“You can judge a man’s true character by the way he treats his fellow animals.” The quote by Paul McCartney is still relevant. A man who treats animals right treats his fellow human beings right too. People who are cruel to animals are cruel to others, and people, who love the vicinity of animals (not wild animals), play with them, give them food and shelter have a heart as big as a ballroom. Pet insurance tips Many pet owners think loving a pet is enough. That’s not true, assuming you have a pet, you need be to bound by duties…
2016 has finally arrived. We all made financial resolutions for this year. Making resolutions, and implementing them are necessary for financial freedom. People with burdensome debts promise themselves every year that they’ll pay off all the debts, and won’t incur new debts. But the majority fails to implement this resolution. Hence, achieving financial freedom remains a dream for them. What is it? In this article, I’ll demystify financial freedom and share tips with you, which help you have it. What does financial freedom mean? Contrary to what most people believe, having a truckload of money doesn’t make you free. Money…
CFD stands for contract for difference. It is not a complicated concept but it is actually a good concept. You can trade on any financial asset in the market on the idea that whether the price of any financial instrument will go up or down. Whether you will get a profit or loss is determined by the difference between the buying and selling price. CFD is called a contract because it is a contract between you and the service provider for paying the price difference on which way the market is moved. In CFD trading you do not possess any asset…
There are no reasons for us to think that the skyrocketing costs of essentials will take a nosedive in the near future. One thing is easy to predict: household expenses will continue to leapfrog with the passing of every month. Consider the example of the job market. Do you see much opening for new graduates with no experience? No. Even experienced people are forced to compromise in salary just to get a job. I won’t say that this is happening to everyone, but most of us have felt the effects of this. With prices surging and job opportunities dwindling, we…
Budgeting in your 30s and 40s is important. If you want to be able to live an enjoyable lifestyle while accomplishing financial goals like buying your dream home, saving for a comfortable retirement, or paying for education expenses, you need a budget. Budgeting doesn’t have to be hard. You simply need to know the three main parts of how to set up and stick to a budget. Know Where You Spend The first step in setting up a budget is to know where you spend. In order to know where you spend, you can use an account aggregation tool such…
Are you convinced that you own the right car insurance? Does it provide you with enough of coverage? Is it the best priced deal? It is very common to most of the car insurance policy holders to feel complacency with the coverage. It reminds me of those who could not take eyes off their painting or are lost in words while praising their poems. People always tend to suffer from a lingering feel of satisfaction with whatever they have, buy or create. One of the reasons for such behavioral pattern is they don’t look around. Most of the motorists overlook…
There’s an old saying;- “take care of the pennies, and pounds will take care of themselves.” It’s 2015, but the saying above still holds importance. You may be good at investing but suck at saving. You are not alone as there are many like you, who earn a lot but fails to save. In this article, I will help you with some quick tips to save money. No, you don’t have to be an economist, you just need to have some common sense, that’s all! The tips are simple to comprehend and simpler to implement. Understand the psychology Saving becomes…