Month : October 2017

Frugality

Financial Freedom And The Grocery Store

One of the biggest expenses that we all face is food.  While it isn’t a good idea to stop eating to save money, there certainly are some great tactics that you can use at the grocery to make sure you don’t spend too much.

Watch for Sales

Some items, especially canned and long lasting products, can be purchased in bulk when on sale.  This can save you from spending a fortune on product by buying them at full price.  Additionally, it is always a good idea to glance over your grocery store ad to see what is on sale.  It can even help when making a plan for the week to have the ad nearby.  Remember that if you buy sale items that you won’t use, you aren’t getting a good deal no matter how low the prices are.

Don’t Fall Prey to Tricks

Grocery stores have a few tricks up their sleeve to make you spend more.  If your store uses these tactics, it doesn’t mean that items aren’t a good price.  You really just need to pay attention and determine what you need.  One common trick is to list items as 2 for $5 or 3 for $12.  Most of the time, you can buy just one and still get the same sale price.  Just because they say 10 for $10 doesn’t mean you need to buy 10.  Decide what you can use and then buy that amount.  Also it is wise to calculate the price per item to make sure you really are getting a good deal.

Store Cards

Many stores require you to sign up for their store card to get their advertised prices.  It only takes a few minutes and can really save a lot of money.  Sign up for these cards.  If you really don’t want  a card, many states will require the stores to honor the lower prices without a card upon request.  Talk with your grocery store and see what they can do.

Figure Out What You Actually Need

Sadly, if you don’t plan, you can end up throwing your grocery budget into the trash.  Food is perishable and if you buy things you aren’t going to eat, you are wasting money.  Honestly consider how much produce, fresh meat and other perishable products you will use before they expire.  It is usually best to buy less than you think you will need, since inevitably things come up.  You will probably end up eating out or going to dinner at a friend’s so buy a little less than you might need to reduce waste.  Use perishable items first to keep them from spoiling.

These few tips will help keep your budget in line at the grocery store.  Often, by just buying what you need and not wasting, you save quite a bit on groceries without even having to change your eating habits.

How do you save money at the grocery store?

 

Financial Freedom

The Making Of Australian Money

Money makes the world go around is an old say. Every country has their own quirks when it comes to their money. The US has Giant heads on their new bills.

One country I’d like to highlight today is Australian money. This infographic is awesome. Like did you know that their banknotes are made from plastic? Check out some more interesting facts about their money below.

how australian money is made infographic Infographic   How Australian Money Is Made
Courtesy of: LendMe Finance
Investing

How To Know When You’re Ready To Invest

Stock Market

When I was about 20, I decided to take a trip into the world of investing. I knew a little about it after researching investing tips and such on the internet. I ended up opening a Sharebuilder account and purchasing some stock with my tax return. After a few months I became low on cash and wasn’t financially prepared with a budget or emergency fund. I ended up selling the stock and put up my investing shoes. During that trip the stock actually lost money and I also had to pay a fee to sell it. As you can tell I wasn’t prepared to invest at all.

Do you have a budget?

I went the wrong way on the financial railroad. I should have first set up a budget to get my spending straight. I was definitely not spending my money on what I should have been and didn’t have any money to save at the end of the month. Now that I have a budget set up to follow and I’m not spending frivolously, I’m one step closer to be ready to invest again.

Do you have an emergency fund?

When I became low on money I had no place I could pull money from other than my investment account. What I should have had was an emergency fund. If I had just $1000 in a savings account I would not have had to sell my stocks.  Having a cushion to keep you from selling stock to survive is important. Now that I have that available to me I’m about ready to invest again.

Do you have any consumer debt?

At the time I didn’t have any credit card debt so I didn’t have to worry about this. But if you have any consumer debt it’s much more important to pay down than to invest.

Now it’s time

Once all of that is taken care of you can start learning to invest. Research on the internet the different types of stocks and once you feel comfortable that you know what you’re doing then open up an invest account and start investing.

The fees to invest can get high so if you don’t have much money to set aside like me, you can put a little bit of money into a savings account every month and in a couple of months make a stock purchase. That way the fees don’t take as much out of your investment as if you were to purchase stock every month.

If you’re interested in learning the stock market, check out my eBook Your Guide To Investing

Have you had any investment mistakes you’ve learned from?

Debt Management

Do Not Be Scared About Debt, Do This Instead

Hello my fellow Financial Freedom Guerrillas.

I know being in debt can seem overwhelming but you can win if you don’t curl up and die. The last thing you want to do is freeze up, because then the debt will have won. You are stronger than that and I know you can overcome it.

There are a lot of things in life to be scared of, but debt isn’t one of them. The boogie man, Loch Ness monster, Bigfoot, those are things to be scared of. Debt is just an over indulgence of life.

Instead of being scared become resourceful. Think to yourself “what can I do to get out of this situation?”, “What can I do to kill this debt?”

Do you need to get rid of some things? Do you need to cut back on your monthly expenses? Do you need to make more money?

Think about it this way, If you were stuck behind enemy lines and you only have the clothes on your back, would you just lay down and die? I would hope not. I would hope that you would find a way to make it home alive.

Do that with debt!

Use all the resources available to you. Do you have somebody you can stay with? Do you have somebody that can help you come up with a plan? Do you have somebody that can help you learn to fish, instead of giving you the fish?

We are lucky to be at a day in age where we have a huge resource available to us for free. The Internet! Use it to help you find answers to what you’re scared about. Write down all the reasons why you are scared and Google them.

I promise you are not the only one who is scared. Look around and you’ll find other people that have become resourceful and didn’t let being scared stop them from overcoming debt.

Just don’t let that paralyze you, don’t give it power over you, don’t let it eat you alive. Become Rambo and do what it takes to defeat your debt.

Your dreams are waiting for you, so start heading towards them. I’m knocking down all of the barriers in between. Don’t let debt conquer you and kill your dreams, conquer it and make your dreams a reality.

Are you ready to defeat your debt?

How are you/have you become resourceful?

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Money Management

Can A Wealth Management Company Help With Your Finances?

Whereas investment management may be merely for the rich, wealth management companies can deliver financial freedom for people with all levels of income. For investment managers, the job is dependent on ‘strategic investment’ in stocks and shares but, for wealth managers, this is merely the tip of the iceberg.

Instead, wealth managers plan a client’s retirement, changing a client’s portfolio, financial planning and liaising with both accountants and attorneys. The job, however, does not stop there, and wealth managers will also negotiate risk and insurance requirements. So, with this in mind, should you be employing a wealth manager?

Who Will They Represent?

The principals of wealth management remain the same no matter how much money you have at your disposal and, just because your funds are limited, this doesn’t mean that you should not consider wealth management. What’s more, background also isn’t an issue, and wealth management companies such as High Street Wealth Management will help those in the academic, medical, cultural and research fields as well as anyone from the high street.

Why Can They Help?

Many are beginning to argue that now is a better time than ever to employ a wealth management company. This is especially true for people from the lower or middle classes as many of these people are not saving properly for their retirement. Understanding that this money needs to produce income during your retirement is vital, and wealth management companies can help you view your nest egg in the proper light.

Now, for so called ‘non glamorous careers’ this is particularly important. Some experts believe that jobs such as teaching provide ‘the last real pensions going’ and that they create a solid bedrock for wealth management schemes.

What Do They Do?

It is important to remember that wealth comes in many forms, and it does not necessarily involve a large lump sum of money sitting in a bank account. In fact, people with large amounts of disposable income often have rather complex financial arrangements that mean that their money is spread across a number of assets.

Essentially, a wealth management company will make these assets as efficient as possible and, by providing you with an in depth knowledge of the financial market and investment opportunities, they can maximise your returns. 

Wealth management companies aren’t for everyone, but they could help provide you with the financial freedom that you need. So, if you’re looking to maximise your earnings, it is well worth asking for a no obligation quote.