Tag Archives: money

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.

*This post may contain affiliate links.

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.

Why You Should Invest Money Even If You Are On A Tight Budget

When you are on a tight budget, you have to think carefully about how every penny is spent. Once you have paid all of the bills and covered your essential expenses, you might not have a huge amount left. Ideally, you should be putting some money into savings, but have you thought about investing some as well?

*This post may contain affiliate links.

Most people on a tight budget assume that they can’t afford to invest but that isn’t always the case. In fact, you can get started with a relatively small amount of money if you go for options like Forex Trading, for example. If you have a spare $100, you have enough to get started and as you earn more, you can increase your investments. 

Investing can be one of the best things to do to improve your financial situation. Here’s why you need to find room in your budget for investing. 

It Generates More Income 

They say that you have to spend money to make money, and investing is a prime example of that. If you are able to make some sensible investment choices, you will eventually start generating income from those investments. That means that you have more money to play with each month, making it so much easier to stay on top of your finances. That extra money can go towards paying off debt or it can be put straight into your emergency fund, so you can avoid any difficult situations in the future. You should never underestimate how useful the extra income from your investments can be. 

You Get Long Term Returns 

Generating more income in the short term is beneficial, but you also need to consider the long term returns. Putting money into a savings account every month is a good way to prepare for the future, but investing is even better. All of that money you put into your investments will grow over time, so when you are older and you need to start thinking about retirement, you have money to fall back on. The earlier you get started, the more you will see your money grow. It’s better to start now with a small amount of money instead of waiting until you have lots of spare income. 

You Can Beat Inflation 

When you put money into a high interest savings account, you will see some growth. However, if the rate of inflation is higher than the interest that you get on your savings, your money actually loses value in real terms. Many people end up losing out because they put all their extra income in a savings account and let it sit there. Searching for the best interest rates and moving money around can sometimes be a good way to combat this, but investing your money can be an easier option. Your investments should grow faster than the rate of inflation, so your money never loses its value. 

So many people make the mistake of waiting until they have more money before they start investing. But even if you are on a tight budget, you can start with a small amount and still see the benefits!

mid-week round-up

Got any fun plans this week? We’ve been on a massive campaign to upgrade our overall sleeping situation, and our new mattress arrives tomorrow! It will hopefully prove life changing. Just a few more items to check off the list before we’re at sleep-baller status. ; ) Hope you have a great rest of your day, and here’s what I found interesting on the internet this week…

This 50-year old book club is #goals. (H/t Adam!)

A table runner perfect for the new season.

The must-read books of Spring 2019.

A website to help you stay away from sad dog plots.

We’ve learned nothing from Election 2016.

Itching to add this scrapbook paper to my collection.

[Related: My Pocket Letter Box]

Abigail Disney has more money than she’ll ever spend.

Obsessed with this house tour of a 1920s-era bungalow!

How Northern Ireland’s doctors and nurses coped with the Troubles.

Kamala Harris says a woman running mate would be “fabulous.”

[Related: Book Club: The Truths We Hold Pt. 1]

A button to let others know you’re grieving.

I’ve been in the mood to read a good thriller.

P.S. A few Finding Delight posts you may have missed — 4 Creepy Movies and Grief, Facebook and Ambient Awareness.

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