Month : June 2015

Debt Management

3 Debt Elimination Mindsets You Need To Have

Debt can be a real downer, especially when the people you owe it to keep calling day and night.

In order to get out of debt, you need to get in the right mindset. Here are three different mindsets that you need to start getting into.

It’s you or them

It’s a war between you and the creditor. You messed up and got into debt so they are winning. You now have to go on the offensive and attack that debt like it’s the last thing you’re ever going to do. They don’t care how you pay them as long as you do. Don’t let them control your life, sacrifice so you can set the tone and pay that debt down. It’s you or them, who’s going to come out the victor?

It’s now or never

When’s a good time to start getting out of debt? Now!!! Everyday you wait to tackle the debt you’re just digging yourself deeper in the whole to nowhere. If you wait, you’re just going to get more depressed and it’s going to be harder to get in the right mindset. There is absolutely no reason to wait. Just do it.

The Bare Necessities

No more going out, no more movies, and no more clothes. Yea, I said no more clothes. You have plenty to get you by, I promise. You need to cut back as much as you can and put that money towards debt. Yea life is going to suck for a little bit, but it’s going to suck even longer and a lot more if you don’t get rid of that debt.

You’re in control of your life, No one else. Take responsibility for your debt and take action today. No one ever succeeded without sacrificing a little. I’ll leave you with a quote by David Kenyon Webster

Those things which are precious are saved only by sacrifice.

Money Management

Different Situations When You Should Seriously Consider Taking Out A Loan

Taking out a loan is something that most people do not even want to take into account because of the fact that they do not want to deal with banks. What you have to understand is that loans are actually really good for dealing with various problems that can appear in a regular life cycle. There are loans that are perfect for personal reasons and loans that can help companies to take off. With this in mind, here are some situations in which you absolutely have to consider taking out a loan.

You Need Cash Because Of An Emergency

There are various emergencies that can appear and when you absolutely need loan options to consider. For instance, you may have utility bills that pile up and that you cannot get up-to-date with. In other cases you may be faced with a medical emergency that brings in healthcare bills. In such cases you may not actually have the necessary time to talk to friends or family members and there are some quick cash loans that are available in under 24 hours.

You Want To Increase Your Credit Score

When you have bad credit, the best way to increase it is to prove that you can deal with the situation in which you take out a loan. You can easily take advantage of what is known as bad credit loans. There are many that can be taken out. As you repay it and you show that there are no problems in doing that, your credit score goes up. You may need to take out a series of loans but it is a guarantee that you will be able to make really good choices and as time passes, you will eventually be faced with the possibility of taking out a loan from a bank.

You Want To Make A Financial Investment

You can obviously take out many different loans in this case and it is very important that you are patient enough to be 100% confident that the loan you take out will be repaid. You cannot actually rely on the investment you are about to make since there is no such thing as a guaranteed investment. Scams appear all around the world. Calculate everything properly. Only take out a loan if the rates are suitable and your current income sources can bring in the finances that you need to make repayments on time.

On the whole, these are the most common met situations in which you absolutely have to consider loans. However, it does not mean that you necessarily need to take them out. Make sure that you understand the exact financial situation you are in. This is what will help you to make the best possible decision, the one that will help you out.

Investing

US consumer signals improve

The Federal Reserve will be maintaining a close eye on inflation and consumer spending in early 2014 after it saw enough positive signs in the US economy at the end of 2013 to begin tapering its $85 billion a month bond-purchasing program.

Early indications suggest that the taper could increase in momentum the next time the Fed meets and it’s the rate of acceleration of the taper which is likely to be discussed at length by many analysts and those learning CFD Trading.

US consumer belief surged in December as Americans’ upgraded their view on the economy too.

The Thomson Reuters/Institution of Michigan’s preliminary examining on the overall catalogue on consumer sentiment jumped to 82.5 for Dec, up from 75.1 in November.

This was the best reading since July, and exceeded analyst forecasts of 76.

Encouragingly, most of the improvement was among homeowners with incomes below $75,000, with confidence among upper salary households showing no difference from last month’s figure according to the Director of the survey, Richard Curtin.

The survey’s measure of current economic conditions jumped to 98.6 from 88.0 in November, beating the expectations for 90 and up 13% from the previous December. Its gauge of consumer expectations increased to 72.7 by 66.8, above the predicted 68.

Senior vice leader of investor contact at COMC (Capital One Monetary Corp) Jeff Norris said that ‘This is a slower come back in confidence levels, therefore consumer behaviour has remained of a conservative type for a longer time period in this cycle.’

Michigan’s survey also revealed that Americans anticipate an inflation price of 3% during the next year. Over the next five years, US citizens expect a 2.8% rate of inflation which was lower than the 2.9% they thought last month.

In a separate report the Commerce Department revealed that personal income and personal spending nudged up 0.2% and 0.5% respectively in November.

‘Moods are getting better and we’re starting to see consumers get a little more active,’ noted Michael Moran, head economist at Daiwa Capital Markets America in New York.

The figures follow an improvement in various sectors of the US economy. 203,000 new jobs were created in November according to the latest non-farm payrolls.

Entertainment

Getting the Best TV Shows and Movies for Your Money

Some people may think of you as an addict when it comes to your copious television and movie viewing. Maybe they think you’re a science fiction nerd, or something like that. Maybe they just don’t get it. You know what the coolest shows are on television and you know exactly when the latest box office bashes are going to be available on HBO and Starz. You just might be the person your friends go to when it comes time to discuss what went on last night on Game of Thrones. You may be the one still angry that Boardwalk Empire is no longer on.

For whatever reason, you know that the premium channels are bringing out the best of the best, not just in movies but also their TV shows. Games of Thrones is one of the highest rated shows these days and it is an HBO gem. So, here are some reasons why it just makes sense to invest some money and order DirectTV in Georgia, or wherever you live. Look into packages that offer great deals on the show packages you want.

The Best TV Shows

While Game of Thrones is by far the best show on HBO, they also offer other greats like VEEP and Silicon Valley. HBO definitely has a little something for everyone, even if you aren’t into movies.

Starz newest gem is Outlander, based on a book series. It’s great for people interested in history, as well as women who want something more than just a soap opera. Starz has a lot of great shows, and some good ones coming up also. They include Ash vs The Evil Dead, Black Sails and The Missing.

Showtime is a favorite channel for horror lovers, with their original series Penny Dreadful. They also offer other great shows like Nurse Jackie, and Homeland. They were home to Dexter and Californication before the shows ended.

The Latest Movies

All of these channels, including Cinemax, offer the latest and greatest movies earlier than cable TV. This saves you money on rentals and DVD purchases by letting you watch without a player. If you have On Demand you can also watch many other films, old and new. Nothing like saving gas not needing to make a trip to the rental store every week!

Premium Free TV

While premium TV does offer some great choices, channels like AMC are giving them a run for their money with awesome shows like The Walking Dead. TWD has a spin off coming soon too, so you know it’s popular.

Before you decide which channels you think you need or don’t need, take some time to look into the current running shows and what each channel has coming out. There are continuously new great shows in the works, not matter what genre interests you. Find a great package that offers you the channels you want and you’ll find that paying your television bill is less of a pain when it’s actually entertaining you! Plus, you just might find that you save some money if you don’t have to buy your favorite shows on DVD when the complete seasons are released.

Money Management

Simple Ways to Start Saving Money

Simple Ways to Start Saving MoneyIt happens to us all; that feeling that the harder you try to get out of debt, the longer it seems to take. When you are in debt and facing financial hardships, it can be rather difficult to even fathom the idea of saving money. Every penny is being allocated towards a bill or living expense, and every paycheck gets taken away by more bills. So how do you even begin to save money when you are in debt? 

Start with Money 

Depending on the number of bills and the amount of your bill payments, you might consider taking out a quick loan to get a quick jumpstart on your money saving goals. There are different types of loans to consider that will get you extra cash quickly. Sure, you have to pay them back quickly, but the cash will help you to free up your other expenses so that you can have less to worry about. To do this, think about your personal assets and use those to borrow money. 

Owning your car, for example, gives you the option to take out a title loan against the value of your car. If you go to companies like TitleMax, for example, they will assess your car’s worth and get you cash based on that quote. Once you have the cash, you can chip away at other debts while you are repaying your title loan. This will help you to minimize interest and credit debt in the long run. 

Make Some Cuts 

You don’t have to deprive yourself of everything, but if you think about where all of your money is going, you can prioritize your expenses and make cuts to save a few extra pennies. Aside from your bills, where are you spending the most money? For most, the largest expenses are typically gym memberships, cable bills, and other little costs that we tend not to think about. While individually, they don’t appear to break the bank, they add up to a major chunk of money. The best way to manage this is to limit what you allow yourself to splurge on and what focus on those costs that you absolutely need. 

Suze Orman offers advice on how to balance out your expenses. She suggests taking a snapshot of your finances. When you have everything laid out in front of you, you can get a better idea of where your money is going and where you are “starting from.” This snapshot is a great way to better pinpoint where the problem is and gives you a starting point for how to fix it. This is not an easy thing to do; because you have to face all of your debt in the face and admit to yourself where your financial problems lie. 

Being in debt should not mean that your life is ending. There are ways to balance out your living expenses to give you peace of mind, and even ways to allow yourself some financial freedom to still go out and have fun. Regaining financial control is not easy, and it takes time. Not only is it stressful to be in debt, but it is dangerous as well. It can be difficult to think ahead when you have a big burden like this on your shoulders. Each little step can make a big difference and help you to start saving money. With the right plan and discipline, you will soon be on your way to financial freedom. 

Image Source: stevenahill.com