Tag Archives: financial planning

4 Fantastic Steps That You Can’t Miss With Your Finances

Are you trying to get your finances in order? If so, then there are a few steps that you might have missed completely. Here are some of the key details that people tend to ignore or forget and that are far more important than you might first imagine.

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Giving Back

Believe it or not, studies show that people who give to charity are far more likely to be financially successful. There could be a number of reasons for this but perhaps the main one is that if you give to charity you will constantly understand the true value of money. This means that you won’t waste it in the wrong places. If you are interested in giving back, then your first step is going to be making sure that you find a cause that matters. Philanthropists such as Linda Pawlik Picardo can help here and give you all the information you need to make the right choice. 

Speak To A Financial Planner

It sounds crazy but you would be amazed how many people fail to speak to a financial planner when they are planning their finances. (Try to say that five times fast.) The reason for this is they assume that the cost of an expert like this just won’t be worth it. However, that’s not really the case. A financial planner can be just what you need to make smart decisions. They’ll also open up investment opportunities that you had no idea actually existed. 

Check Your Credit Rating

It’s possible that you haven’t checked your credit rating in a while. This means that there might be a problem you’re just not aware of. There are lots of resources online you can use to check your credit rating and ensure it isn’t holding you back. Don’t forget your credit rating can be important in a wide variety of aspects of your life. For instance, an employer could check your credit rating to ensure you don’t come with too much risk. Your credit rating could also impact whether you can get car insurance at an affordable level. If there is an issue with your credit, you can work to correct it. But awareness comes before action.

Changing Your Home

Finally, do you already own your home? If you do, it’s important to try and make small changes and improvements to it every year. By making key home improvements, you can increase the value of the property. This is going to make that particular asset far more important to you and the future of your finances. It can ensure that you earn a fantastic profit when it’s time to sell. 

We hope this helps you understand some of the key steps you can’t afford to miss with your finances. If you take our advice here, then you will always be in a far stronger position.

Get Your Finances Back In Order Sooner Rather Than Later

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Have your finances been a nightmare for you recently? It might be the case that you have reached a point where you’re not sure what you can do or where to start, but this can be dangerous. You have to get your finances back in order sooner rather than later, or you could be facing some potentially serious consequences. If you want to find out more about some of the steps that you should take, keep reading down below.

Clear Your Debts

First, I highly recommend you figure out how much you owe, who you owe it to, and figure out a way to start clearing them. If you’re not going to be using a scheme like DTSS Complete Freedom, then it’s important you start creating a debt management plan quickly. The people that you owe money to simply want it back, and if you go to them with a proposal that makes this happen, even if it takes a little longer, they just might accept. They are much more likely to accept if you go to them with a solution for your debt rather than them having to chase you.

Hire Some Help

The next thing that I recommend is that you hire some help to aid you in managing your finances in future. Hiring a personal finance advisor or an accountant could be exactly what you need to keep you from future budgetary predicaments. They will be able to provide you with expert solutions and help you more effectively manage your money in the future. If you don’t want to get into financial trouble again, this is a solution that is well worth looking into.

Live Within Your Means

You should also learn to live within your means. If you are so used to buying what you want and doing whatever you want without ever worrying about money, this might be a little tough for you. I understand that you might need time to adjust, but it’s important that you get a handle on this now. Work out what your budget is, and then be careful to stick to it. Some people have never lived on a budget before, or at least not one like the one you’re going to have to create. Just remember that financial situations can always change, and this isn’t going to be forever.

Don’t waste time thinking that things will sort themselves out; they won’t. Take financial action now!

P.S. Learn the 5-part money hustle.

Looking Ahead to the Holidays: 4 Ways to Ensure You Enjoy Your Christmas Break

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It’s still a few months away, but a lot of us are beginning to get the itch with regard to Christmas. Some people love the holiday; some people just enjoy the time off work or the extra opportunity to spend time with friends and family. Wherever you fall, it’s a wonderful time. 

This year, more than ever, you might be feeling the pressure to make the most of the holiday season. With so many cancellations and disappointments these last few months, I am certainly ready to get jolly. If you’re feeling the same,  here are some things you can do in order to ensure you enjoy the holidays when they hit later this year!

Appreciate the Break! 

If you’re able, schedule some time away from work — even if it’s just for December 25th. For many folks across the globe, work has moved in to their homes and it can be hard to set up strong boundaries between when on-duty and when off. Work and home life may have grown a bit too close for comfort these last few months. Start planning now to get time off in place.

Just Spoil Yourself – You Deserve It

You’ve likely been quite frugal these last few months. Maybe this has been due to job change/loss or simply because you haven’t been able to travel or hit the shops. But if there’s a time to spend money on yourself and buy things you like, it’s Christmas. You’ve probably had your eyes on something. Do what you can to in the weeks ahead to set a little something aside so that you’re able to treat yourself in honor of the big day.

Think About Doing Things For Others! 

Doing special things for your friends and family around the holidays always feels great. Perhaps you want to throw an Ugly Christmas Sweater party and treat your whole family to something from UglyChristmasSweater.com or maybe you want to hand-make gifts for all your co-workers or hit the Black Friday sales so you can nab a few great deals for presents for the kids. It’s a time for caring about others, so be sure to start brainstorming now about gift ideas. 

Do Something For Those Less Fortunate  

Unfortunately, there will also be people out there who have very little at Christmastime…especially this year. Now is a great time to sit down with your family and decide ways you could give back this holiday season. If you’re low on cash yourself, could you give of your time? Or open your home to friends who may not be feeling so merry? If you’re able to give, how would you like to spread the Christmas cheer? If you start planning now, the more creative and intentional you can be!

A great holiday season is possible! We can all secure an enjoyable Christmas. All it takes is a little bit of looking ahead and planning. xoxo

P.S. And while we’re in the Christmas mood… a Christmas Cookie Round-Up!