Month : December 2015

Frugality

Making the Most of Spare Change

When you are one step away from being broke, it takes perseverance to keep your emotional spirits high, but also a little more. Once in a while, you need to treat yourself so that you do not get too down about your state of being. It might seem crazy to do so when you are struggling to make ends meet, but your emotional well-being is incredibly important. If you are feeling depressed, your decisions will not be beneficial to your long-term health.

But how can you afford to treat yourself when you are so close to the edge of financial insolvency? You need to find ways to get the same results of a big splurge with very little expense. It is going to take a little finagling, but with a little bit of research and dedication, you can treat yourself regularly while still sticking to your budget.

There are new services coming out all the time that will help you find the best deals on things you love. One such service is Groupon’s new Business Page service. In addition to being able to see a business’ basic information, like operating hours, location, and contact information, you can also preview the full menu. This goes a long way- once you step foot in a place you are less likely to leave and try somewhere else. If you only get to go out once in a great while, you want to make sure you are getting your money’s worth and not feeling forced to eat somewhere just because you have already entered the building. You want to eat there because they offer exactly what you want.

What is more, Groupon’s new Business Page service helps you find the best deal on exactly what you are looking for. You are able to see coupons and discounts right on each business page whenever they are available. These coupons and discounts are updated regularly, so once you have found a place you are interested in, be sure to check back regularly to optimize your savings potential. In addition, you are shown surrounding businesses that might interest you. Those businesses might be food-related, or they could also show you complementary activities in the area. For example, you might decide that with your dinner out you would like to catch a movie, going for broke on this one splurge a month. Well, you don’t have to go broke! Groupon’s Business Pages will show you a nearby theater and all applicable discounts and coupons. If movies are not your thing, you are also shown things like nearby spas, adventure parks, bowling alleys… you get the picture. The best part is it will show you what the average cost is at each surrounding business, so no need to wonder how much a plate there would set you back.

Trying out a new service like this will save you cash in the long run. It is important to maintain your emotional well-being while going through this tough time. Even if it seems imprudent, treat yourself once in a while. You deserve it.

Frugality

Staying Healthy Even When Down

Even if you are low on cash, it is important to give your health top priority. In fact, this is especially the time to prioritize your health. If you decide not to take care of your health, you could end up in a worse state of affairs, not only physically, but financially as well. Consider your health as your most important investment fund. If you decide not to invest in your body, it could bankrupt you.

Many people consider their physical health as secondary to their financial well-being. While money is important, it is only a means to an end. The purpose of money is to support you and your lifestyle. And it will be used as a means to support you, should you slip into ill-health and need to use it.

Being an American, you really cannot afford to let your health slip away. Obesity is a pandemic in America today. It is costing $150 billion dollars a year. The average American pays $1,500 per year toward obesity related health care costs. These costs come in the form of medications, surgeries, hospitalizations, visits to the doctor’s office, and many other timely and painful formats.

When we talk about investing in your own well-being, it is easy to see why it is a good idea. First and foremost, your quality of life improves as you take care of your body. For every dollar you invest in yourself, you will receive dividends in the form of increased capability and a more positive outlook. As your confidence and abilities grow hand in hand, you will find new possibilities opening up to you left and right. Secondly, as you can see from the figure of $1,500, investing in your body is a sound investment plan. You are going to lose out big time if you let your health slip away from you. Health care is incredibly expensive in America.

If you are having trouble losing weight, consider some B12 injections to get your metabolism going again. No need to feel like it is cheating. You will still need to exercise, eat well, and take care of yourself. The idea behind the B12 injections is that some people genetically are predisposed to having their metabolism slow down. Those people can do all the exercises they want, eat healthy, and see no results. Sometimes our metabolism just takes a little jump start to get us going. After you begin the B12 series, you will find your metabolism picking up. Used wisely in conjunction with a more active lifestyle and healthier diet, you will see results quickly. This does not mean all of your weight will drop off immediately, but you will begin to see that progress is easily attainable and your goals are possible. And do not worry about the cost. This is such an easy investment decision! For as little as $50 you can reclaim your health. So much better than paying $1,500 and the price of diminished quality of life that comes with poor health. Take care of yourself- you deserve it.

Money Management

Great Money Saving Techniques

The old adage says that rich is the man who always saves. But when the paycheck arrives sometimes it disappears, like a magic. It goes in the house payment, credit cards, clothing for children, repair and maintenance, etc.. So how can we save if we do not even have the money?

The money has to be put first, know where it comes from and where it goes, how it moves and where they usually stay. If you know this too well, then learn to control it.

How to start saving? Right now, have a cup of coffee, look for a notebook, a simple calculator, and a pencil eraser. Start writing at the top of the page with the following headings:

Date, Income, Expense, Explanation

Then comes the more difficult task: writing income and expenses for the last month. Surely we need to find the bank statements and credit cards for this. Let’s start writing income: wages, interest, family support, etc.. And then the expenses, cash advance payments, bills, etc.. If we have forgotten the details, we can at least write down the total amount of cash withdrawn from the bank, but not until next month when we will know exactly where we spend it. Doing the monotonous task may be tedious but it will surely help you know where your money went and how to trim down your expenses next time.

This analysis will conclude when we add all the income and expenses of the month, and define where the money went and where it came. In the end, we will have a sheet that states every cash transaction we made.

To summarize:

–          Do an analysis of income and expenses

–          Prepare a monthly budget

–          Find ways to lower costs and increase revenue

This work may be very difficult but we all need to re-examine our consumption habits and try to live more frugally. Unfortunately, many health professionals are concerned that the health of Americans will begin to deteriorate for more reasons than just the stress of economic problems. As people begin to cut on food costs, many may end up eating what has traditionally been regarded as a good source of cheap calories: junk food, which could result in worsening of the obesity epidemic that afflicts us, just when medical costs are rising alarmingly.

Numerous studies have linked low incomes with less healthy eating habits, but this should not be the case. There are many easy ways to eat healthy and still save money. A simple way to do this is to reduce the amount of animal products in the diet, as they tend to be much more expensive than plant foods. The cheapest kind of meat is ground beef, but it is also the least healthy and secure. The cost of making meals with food animals could easily reach $ 10 per person per day or more.

Eating out is also a very expensive habit, except perhaps for the least healthy of all: fast food. Incredibly, despite the economic crisis we face, McDonald seems resistant to the effects of the recession. Even in New York, gourmet restaurants are beginning to offer burgers on their menu to attract customers who otherwise would opt for the nearest burger joint to feed themselves.

However, if you want to save money without losing your health, try to consume the staples that have been used in difficult times through human history: potatoes, beans, legumes, soups, carrots, rice, etc., what some call “a diet for the new economic depression.” Legumes and grains can be purchased in bulk and stored for long periods of time. What about fruits and vegetables? Try to buy in the greengrocers or outdoor markets, rather than in the supermarkets.

Now why do we emphasize on food  to save money? Because food is a need. Unlike the material things we buy which we can live without, we cannot live without food. We spend a lot of money on food without realizing it, because we do not count how much money we spend on food as it is a necessity. But if you come up with a financial statement that records all your expenses, you will see how much food costs you.

While other great money saving techniques all sound too familiar, choosing what kind of food to eat to save money is one saving technique that has been overlooked. You have nothing to lose choosing the greener and healthier food stuff, only a saving’s gain in your piggy bank.

About the Author:

Mackenzie Salis is a freelance writer, a professional blogger and an enthusiast advocating finance awareness via online exposures for 3 years. She is the author of the site: OnlinePaydayLoansGuide that can provide all valuable information about loans and warn you against fraud online.

Business

Tips for Settling Business Debt the Easy Way

Several business owners struggle with rising debt and seek solutions that will help them find their way out of debt. An important aspect towards getting out of business debt is to identify how the business got into debt. Factors such as consumers not making payments or rising expenses can create financial problems for a growing business.

Cutting Costs and Creating Budgets

Any costs that are not beneficial to the business should be eliminated along with a thorough evaluation of the budget being used. When debt keeps growing, this is an indication of how ineffective the budget is. A budget needs to be created on the basis of the financial situation that the business is currently dealing with.

After creating a proper budget, it needs to be monitored to keep track of the money coming in and going out of the enterprise. Debt repayments should ideally be made according to how costly they are in terms of interest.

Contact Creditors

Creditors need to be contacted in order for them to be informed about the existing financial challenges. Letting the creditors know about the difficult situation the business is dealing with will make it easier to get manageable payment terms. If the lender does not provide better terms, you can make requests regarding the possibility of reducing the amount to settle the debt.

Reducing the debt will make it easier for you to make payments and clear the debt faster. When you make this type of arrangement with creditors, ensure that you are able to fulfill your part of the deal without defaulting on payments. Find out more by clicking the link.

Debt Relief Options

Other options include debt consolidation through which loans are consolidated into one payment to cut down on monthly payments and keep credit intact. Multiple loans are typically consolidated into one for easier and affordable payment.

Carrying out negotiations with creditors can be a challenging undertaking and it is always a good idea to get professional help. Professionals will be in a better position to negotiate better terms and work with your creditors to find a viable solution. If you have already defaulted on your loans and your business is weighed down by debt, the situation should be addresses as soon as possible.

Tackling Business Debt

  • Businesses are as vulnerable to debt as individuals are. Businesses borrow money for various reasons that include boosting cash flow and funding expansion.
  • If a business makes the mistake of borrowing more money than it will be able to earn, the problem of debt will inevitably arise.
  • Proper debt management will make it possible to save the business and keep it functional. Determine which areas of your business are costing you more than necessary and address them.
  • Maintain a good relationship with your customers and strive to get better deals from your suppliers.
  • Avoiding your lenders will worsen the situation. Get in touch with them as early as you can and request them to restructure your payment terms.
  • If you are unable to spare the time to deal with creditors directly, hire a company that specializes in debt relief to tackle your debt situation.
Investing

Should You Consider Making Investments In The Real Estate Market?

If you take a look at New Hampshire real estate marketing trends and basically analyze all parts of the US, you will notice the fact that the entire market is now blooming. According to specialists, it is now the perfect time to make an investment. However, this does not actually mean that it is the best option for you.

The real estate market is really complicated. The truth is that you need a lot of knowledge in order to make a really good decision. Most of the people that do not have experience and blindly go towards some investments that they see as being great end up making mistakes. As a simple example, not all properties that you will buy with the purpose of renting out will be profitable on the long run. Choosing one that would be in demand is paramount to your success.

There are basically two options that are available for you in the event that you want to make an investment in the real estate market. The one that is usually considered is doing everything alone. That is something that is really difficult and should only be done in the event that you have a lot of knowledge about the local market. You need to basically realize how much money you have available, how much you can afford to spend on the property and what return will appear after some time.

The second option you want to take into account is to work with an experienced real estate agent that has experience in aiding clients to find really good real estate market investments. In this case, make sure that you find one that is very good and that knows a lot about the local market. Those that just have general knowledge will not be really good and will not have the necessary connections to bring in the best deals in the shortest amount of time.

Keep in mind that it is really important to only consider investing money that you do not actually need at the moment. Real estate investments are aimed for a long term gain. You cannot expect to recuperate the money really fast so if you are searching for a fast profit, you will need to look for something else. This is basically what everything boils down to. Have patience at all times and try to learn all that you can about the various options available. If you think that you want to make a real estate investment, only do so after you have the necessary knowledge to be sure that your decision is the best one for you.