Finance

Finding it tough to save money? Read this post

Saving money can be challenging for many people. After all, we live in a time where instant gratification is the norm, and it’s all about keeping up with our neighbours. Unfortunately, the chances of many millennials owning the own home continue to decrease, and a large percentage of this generation will be renting for life. Many studies have also shown that most people are living pay check to pay check. If you lost your job tomorrow, how many months would you be able to live on your savings for? One of the biggest reasons to save is simply to put money away in the event of an emergency. But I get it- saving is hard when there are so many advertisements in your face all day, screaming out for you to buy certain things. Recently, I’ve been trying to tackle my own saving goals, and I’ve found it challenging as…

3 Signs It Is Time To Hire A Traffic Attorney

If you’ve received a traffic ticket, you are probably thinking about fighting it. For most drivers, this raises the question of whether to hire a traffic ticket attorney. Of course, whether this is the right choice or not depends on your situation. However, there are a few signs that it is time to hire professional help. You Don’t Understand the Laws Fighting a ticket is challenging if you don’t fully understand the laws you allegedly violated. While many traffic laws are fairly simple, others can be confusing. Additionally, even for straightforward rules such as the speed limit, chances are you are not fully aware of all the complexities. A traffic ticket attorney may be able to help you better navigate relevant laws. So, if you are feeling confused, consider getting some help. You’re Facing High Costs If the fine for your ticket is high and/or you are expecting your insurance…

Looking At Your Financial Future

When life happens, it can bring just about anything with it. Disasters will strike at the most impromptu moments and there really is not much that you can do about it. You have to take whatever it gives you and roll with it, however, you may need to get a little extra help along the way to get you back on your feet. You may not always be able to meet your every day needs living from one paycheck to the next after an emergency hits. That’s when you need to find a lending institution that will be willing to help you out and give you the boost that you need to get you by until you can get back on your feet. What you need to find is an alternative to payday loans. Know When to Get A Loan Many people often wonder what reasons there are for getting a loan.…

Steps in Renovating a Bathroom

If your bathroom needs some work, you may be ready to give it an overhaul. But you can’t just jump into a renovation- you first need a plan. Whether you’re doing it yourself or relying on bathroom contractors, here are some tips for renovating your bathroom: Step 1: Make your budget Before you begin renovating, you need to have a good idea of the steps you need to take. The first thing you need to do is determine your budget for the renovation. Consider how much you’re willing to spend, and ensure that this includes a few hundred extra, just in case you go over your expected costs. Write down this number, and be prepared to stick to it- it’s easy to go over this when you’re looking at different options. Step 2: Find inspiration If you’re the Pinterest type, now’s the time to start a board with the bathroom…

Budgeting like a pro: how to successfully keep costs down

Deciding how and when we spend our money can be difficult — especially when there’s so much out there to buy, from fancy dinners to the new and latest fashion trends. Not only that, but we all make New Year’s resolutions, and they can often be disastrous, with 80% of people failing by February and regretting it instantly — have you managed to stick to yours? One of the most common New Year’s resolutions is to cut down on spending, and although this sounds achievable, if you don’t have a fully-pledged strategy in place, the likeliness of failure spirals out of control. Our spending patterns all add up, especially with the amount of unexpected expenses that occur throughout our lives — from broken boilers to a hike in our car insurance. It all adds up. For that reason, we’ve made some assessments on how those extra savings can come in…

5 Reasons to Pay off Your Student Loan Fast

Student loans can be a true hassle – especially when you are young, freshly out of college and potentially underemployed (or completely unemployed, for that matter). And although paying off or refinancing your student loan may seem like a far-fetched dream, the truth is that many people in the same situation are thinking of doing it sooner, rather than later. Why? What are some of the best reasons to pay off your student loan fast? Read on and find out more. It’s Money Saving at Its Finest Regardless of how large or small your student loan may be, paying it off early will save you a lot of money in the long run. Just think of it: if you still have 10 years to pay on your student loan and you manage to pay it off in 3 years, you will have saved 7 years’ worth of interest rate. Now, that’s quite…

What are the Changes in Income Tax Slab for AY 2017-18?

The Union budget for the year 2017-18 witnessed several changes regarding the income tax slab. However, there are no major changes in the budget for the current financial year, 2018-19, that have been discussed in detail in this article. What are the Income Tax Slabs for AY 2017-18 and AY 2018-19? There are two income tax slab rates for different taxpayer categories. The two major categories include individuals and HUFs, and businesses. The sub-categories under the category Individuals and HUFS include: Male and female individuals below 60 years of age Senior citizens above 60 years of age Super senior citizens above 60 years of age The sub-categories under the category businesses include: Co-operative society Firms and local authority Domestic company What are the Income Tax Rates for Individuals and HUFs? For the financial year 2017-18, SHEC levies 1 percent and education cess of 2 percent. Applicants should take note that…

Modern Ways To Manage Money

Financial wellness is the big word on the lips of many business owners, The link between secure finances and positive mental health is driving employers and businesses to help employee’s state of mind. This affects both ends of the wealth spectrum, too, from those worrying how to spend their fortune to those struggling with debt. It’s good news, too. Mental health awareness is ever improving and technology to enable you to make the right choices is developing at breakneck speeds. Improved financial security assurance and assistance programs are conducive to giving you a sense of security, and even more is being done to help you manage your money – 21st century style. Establishing your baseline Three main factors influence your financial decisions throughout life. Incoming, outgoing and credit availability. Two of these are pretty straightforward, and a simple budget – yes, simple – can quickly account for these, when stuck to rigorously. Credit can…

Examples of HOA Restrictions

Nobody likes to be told what to do, but sometimes the rules are there for a reason. Homeowners Associations, commonly known as HOAs, are known for having some of the strangest, strictest, or silliest rules anyone’s ever had to follow. While lots of HOAs have crazy rules, most of them have restrictions aimed at keeping everyone in the association happy and neighborly, while protecting property values. But in what areas does the HOA have power? Here are some examples of rules and restrictions commonly seen in HOAs: 1.House color and appearance. HOAs tend to have rules that concern how things look. In some HOAs, people can only paint their houses certain colors and have to maintain a neat front lawn at all times. An HOA that has these rules can fine someone that lets their lawn get ragged or neglects the paint job on their home until it starts to…

3 Tips for Selling Your Business

Congratulations – you’ve made a business that’s viable enough to consider selling, the truth is that’s no small feat and probably took a lot of work to get to that point, so kudos to you. When you’re preparing to sell a business, there’s a lot of stuff you need to do before betting that point, in order to make sure you get the best possible market price for your business. Here are my 3 tips for selling your business: 1. Compare it to the Market If it’s an online business, compare it to other businesses in the market to see what kind of sale price you can expect. Often there are some standard rules for how much to expect for an online business, such as 5x annual income as an example. It will depend on a number of factors, but doing some research online to see what other online businesses…

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