Home Ownership

Things to Consider When You Buy Your First Home

Buying your first home is an exciting experience and it is one that you’ll remember for the rest of your life. Although memorable and, in some ways magical, moving home can also be an incredibly stressful time, and it is one that, if not planned correctly can take a strain on your health. One of life’s biggest decisions, the decision to move home should never be taken lightly. Here are three things you have to consider:

Creating an Extensive Pros and Cons List

Every single angle must be covered when you’re looking to move home. Most people make a pros and cons list about the house itself, but very few actually pause to make one about the financial ramifications of buying the house itself. Yes, it is undoubtedly important that you make one about the place you intend to live, but it is also important that you make one about the debt you accumulate, because you may have that debt for as long as you have the house.

Consider the Impact of Any Existing Debt

From student loans to credit cards, we all seem to have debt these days, with collective debt in Britain worth £1,430,000,000,000 (£1.43 trillion). If you have a large amount of debt then the decision to take on a mortgage as well should be carefully considered.  To simplify your outgoings, you could choose to consolidate your loans to one monthly payment.* Of course, this doesn’t solve the problem entirely and may increase the amount you repay overall, but depending on your level of debt, it could help you bring everything under control.

Consult Parents and a Financial Advisor

All financial decisions should be carefully thought out.  When making a decision of this magnitude, it can be helpful to consult with parents and a financial advisor.  Parents are always a good starting point, and they know everything about you as a person and whether a home is right for you. When it comes to financial intricacies, however, they may not be right and, if so, don’t hesitate to consult a financial planning expert, as these people can help you decide what’s affordable for you and what isn’t, helping to prevent you from struggling further down the line.

Moving house is an exciting process, but it can also be incredibly stressful. You have to consider every single stage of the process in turn before deciding to move and, if you fail to do so, your exciting experience could turn out to be a little stressful. The three things mentioned above are essential and, if you do this, you’ll be heading in the right direction.

*Consolidating your debt may increase the amount you pay back overall and extend the repayment period of your debts.

Do What You Want

3 Effective Tips to Redeem Frequent Flyers Points

Did you know you can earn frequent flyer points by regularly flying with an airline?

Many people don’t fully understand the flyer points, which is why they end up wasting their earned points. Frequent flyer points or miles are offered by many top airlines around the globe to reward their loyal customers. The more you fly with them, the more points you will earn.

Aside from earning the flyer points, you also need to understand how to make the most of these valuable points. Instead of wasting them on free air tickets, here are some other amazing ways you can spend them!

1.     Upgrade Your Ticket

You can get free air tickets with your flyer points, but it won’t give you a good value. Instead, upgrade your ticket to enjoy a comfortable flying experience. You can purchase a ticket for Economy class and later upgrade it to a First class or a Business class ticket.

Major airlines partner with many domestic airlines. You can go for any of these domestic flights to get a Business class ticket at an extremely low price. Visit PointsBank to easily buy or upgrade an airline ticket.

Choose the most popular routes for this purpose. However, many other travellers with an even higher status may also be looking forward to upgrade their ticket. Unless you redeem your points early, it’ll be quite difficult for you to beat the competition.

2.     Go Shopping

You don’t necessarily need to spend your frequent flyer points on air tickets. You can also enjoy free shopping with these miles or points.

However, you can’t use these points in every shopping mall. First of all, go through the list of partner stores listed on the website of the airline. Whenever you visit any of these stores, you can redeem your points to buy the products that the loyalty program covers.

When you’re out on vacations, you may want to buy a few gifts for your family to surprise them. You can get big discounts on these items by redeeming the frequent flyer points. It’s best to redeem these points during holiday sales when special discounts are offered on many products.

3.     Share Your Points

Many airlines allow their customers to share their frequent flyer miles with other customers. So, you can gift these points to your friends or family members. You can give them a memorable present with flyer miles.

For instance, if any of your friends has recently got married, you can gift them with honeymoon tickets. Or you can surprise your grandparents by sending them airplane tickets so they can meet their family.

If you intend to take a tour during your vacations, get free tickets with frequent flyer miles for your close friend. This will make the trip memorable for you as well as your friend.

To be precise, there are many ways to redeem your frequent flyer points and choosing the best option can be a daunting task. However, the aforementioned tips can help you develop a strategy to use your earned points in the most efficient way.

Frugality

Useful Tips on How to Save on Groceries

Every day thousands of people do grocery shopping for their families to have good meals and enjoy new foods. However, have you recently noticed that grocery bill requires more and more money than ever before? It’s not really surprising, because the food prices go high every year and nowadays people just can’t afford to buy some of food products they used eat before. When the situation starts to get under control, here are some basic tips on how to reduce money on grocery receipts in the supermarkets. 

Eat before shopping 

Psychologists have proved a long time before: the more hungry you are, the more temptations you are going to meet during grocery shopping. Meanwhile you think it is nonsense, the fact remains: you take extra food and eventually pay more of what you’ve been expecting. Even when you don’t have time to run home for the dinner or so, it will be nice to have a little snack before. 

Planning makes sense 

It’s not going to work the best for your budget, if you aren’t organized in your food planning. Of course, you can easy cash loan here and pay for needed things but it will be better to plan. Thinking about meals for tomorrow or days later should become one of those useful habits to save money in the grocery store. Unless you are aware of what you’re having for dinner today, you won’t have any choice but crashing the store and grabbing the first products on the shelves that seems attractive. 

It’s so simple to take 2 minutes before going to bed to consider your meals for days ahead. Following lists of necessary foods to purchase guarantees no extra grocery purchases. 

Special Deals 

You are going to know about huge sales in the store by advertizing in the local newspapers, magazines and mails, coming every Sunday. That’s why do not consider those paper as a trash: take a look to find out if some of the meals you might want to buy are on sale or clearance. 

By the way, this tip can be useful for basic items, like paper napkins, towels, toilet paper, hygiene supplies and many others things of regular usage. Take a lot of them, if the price is really sweet and probably won’t last for a long time period. Those items are never going to be extra in any house. 

Don’t overpay for brand names 

It’s silly to choose expensive brands out of other good items. Imagine how great you can save just on buying products, that aren’t famous, but still reliable. And do not be afraid to buy things being used to save some cash. If you have not enough money to purchase a new computer, you can buy a used one until you have money to pay for new. 

Don’t be tempted by multiple item sales 

It often happens, that grocery stores offer profitable deals, such as “get 3 for $10” and things like that. Meanwhile you may consider this option a good way to save, you can be wrong: sometimes, if you need less than 3 items, you would rather loose, than win. The reason is the actual price difference form original one that may be just a few cents. Then the offer doesn’t make any sense at all.

 

Taking a calculator from home is the best way to look for only those deals, which actually help saving some cash, not just buying extra stuff that will never be used again. 

Why not do couponing? 

If your parents or grandparents are keen on doing couponing, you might want to follow this habit as well. It doesn’t take that much time to cut coupons out of mail advertizing or so, however with them you’re able to open hundreds of opportunities on food savings. Five or ten dollars of savings each time you go grocery shopping can create a huge amount of money annually. 

Insurance

10 Ways To Save On Insurance For You Car

Are you a frequent traveler?  Do you travel for work, for pleasure, or are you one of the lucky ones that actually manages to be able to do both?  More and more people, despite the price of gas, are trying to travel by car – if for no other reason than to avoid the lengthy, invasive security checks, lost luggage, delays and more.  Traveling by train is an amazing experience, that should be tried by everyone at least once, but it is, without a doubt, a pricey little endeavour.  Whether it’s business, pleasure, or both you should have the appropriate insurance on your travel-mobile… your car, SUV… what have you.  When is the last time you researched auto insurance quotes?  Because I know you insure your automobile for all that travel. 

#10 Payments

Woman calculating and writing 

How often do you make payments on your premiums?  Making payments once a year is less expensive than making them every month. 

#9 Membership Discount 

Surely you’ve heard that ‘membership has its privileges’.  Actually, that’s true!  At least in some cases, being a member of a certain organization may entitle you to specific discounts. 

#8  Retired?

IMAGE 2 WAYS TO SAVE ON CAR INSURANCE

Are you a retired traveler?  As early as 55 or later at 65 people may be able to enjoy discounts for retirement.  If you’re not sure about your insurance company’s policy… ask! 

#7 Car Alarms 

How secure is your car?  We’re not talking about safety here – that’s another story – but how difficult have you made it to break in and steal your car?  Got alarms? 

#6 Here Is Safety! 

More and more safety features are being added to new cars by certain car manufacturers.  So obviously, the more safety devices you have, the safer you should be.  The safer you are, the better your auto insurance company feels about giving you discounted insurance premiums. 

#5 Credit Score

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Have you checked your credit score lately?  How does it compare to when you first started up with your current insurance company?  If your score has improved your rates could go down. 

#4 Old Car? 

What is the age of your car?  Older cars, that don’t have a lean or are leased, should cost less to insure than brand new just off the lot.  

#3 I’ve Had Insurance For… 

Loyalty also sometimes has its privileges.  The longer you are with an insurance company the less you should pay.  Or at the very least, get vanishing deductible. 

#2 Multiple Vehicles

IMAGE 4 WAYS TO SAVE ON CAR INSURANCE

How many vehicles does your family insure?  Do you have renters or homeowners insurance?  A boat, RV, motorcycle, ATV… that need insurance? 

#1 With Age Comes Discounts 

How old are you?  Whereas young, inexperienced drivers pay a higher premium… older, more mature, experienced drivers should be allowed to pay less.  Makes sense, right? 

Any traveler will tell you that insurance is a must be it travel insurance, car insurance, trip cancellation insurance… you name it.  Driving in strange areas can be an experience all its own.  Not being insured, when driving around in traffic that you are not familiar with is nothing less than an invitation for disaster.  Paying for the right insurance coverage can be far less financially devastating than the final result of an accident, in a faraway place.

Financial Freedom

A Guide to Making Money with no Real Effort Involved

We all want a bit more money in our lives, but most of us feel like we don’t have the spare time available to make it. Luckily, I have some money making ideas that involve no effort to share with you.

More Money

Image Source

Be a Mystery Shopper

For market research purposes, businesses pay a lot of people to visit shops and buy products. This allows businesses to find out what their competitors are up to, what their customer service skills are like and where their weaknesses lie. This process is called mystery shopping, and you can become a mystery shopper.

This is great because you’re being paid to buy products and any money you spend will also be covered by the company that hired you. All you have to do is sign up online, and a business will be in contact with you to discuss the possibility of you becoming a mystery shopper for them.

Advertise

You’ve probably seen cars driving down the street with a big advertisement down the side. You might have thought that they look pretty stupid. But, as stupid as it might appear to you, that person will be getting paid a lot of money from a company to have that advert on the side of their car.

So, they’re getting money for doing absolutely nothing. This is something you should be doing too. Who cares how your car looks from the outside if it’s bringing you in a heap of extra cash each month! You’ll be surprised at the amount of money businesses will pay for this kind of advertising.

Invest Wisely

If you invest in the places, you can usually just sit back and watch the money roll in. You do have to know where to invest and make changes here and there though. But, considering the amount of money you could potentially bring in, the effort involved is actually relatively small by comparison.

If you want to make money, you should invest in businesses that are on the rise. Yelp stocks or stocks in digital businesses are very popular at the moment as they’re seen as being on the up. Wherever you invest, you should find out as much about the business as you can beforehand.

Start a Blog

If you have a hobby or something you love, you should start to write about it in your spare time. You might even be able to make some money out of it. And if you love the subject about which you’re writing, it won’t feel like you’re even putting in any effort either. Blogging should be a pleasure and something you enjoy.

Once the blog is up and running, you can start to build up a consistent readership and prove to potential advertisers that you have something to offer to them. The more people that read your blog, the more money you’ll be able to demand in the way of advertising money.

These ideas will all allow you to make some extra money without having to put in much effort at all. What’s not to like about that?