Manage Your Money Better

The US DollarYou read a lot about managing debt these days as if somehow it’s a complicated business but that there are various strategies you can adopt to manage your money better.

For most people whose debts aren’t beyond the point of no return, it all boils down to managing your money better. You can manage your money better with a few simple tips. But how do you actually do this – and where’s the best place to start?

Manage Your Money By Taking Control

The first step to take in taking control of your finances is to look at where your money goes and why and to then learn to limit your spending and/or increase your income.

This may sound obvious, but have you ever really sat down and looked at how, where and why every penny goes? Very few people have but it’s a vital first step if you’re spending more than you earn.

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Five Ways You Are Wasting Money Around the House

Are you looking for ways to save money in your family’s monthly budget? You may be surprised to realize just how you may be wasting money around the house with everyday items that you haven’t even considered. If you just look around your home, I’m sure that you can find several ways that you can save money instead of wasting money around the house. Five Ways You Are Wasting Money Around The House Having 200 Cable Channels Do you have the biggest cable or satellite television package that is offered? Have you ever sat down to seriously think about how many of those cable channels that you are actually watching? It is a classic example of the Pareto Principle. I … Read more

Tips to Save Money on a Mortgage

The excitement of homeownership is often countered by the burden of long-term debt.  Imagining life in 30 years, still forking out hundreds or thousands of dollars each month, can be an overwhelming thought.  Each loan has unique terms, but most allow a few options for homeowners to save money on the total cost of a mortgage. Pay Extra Toward the Principal The most common strategy to save money on a mortgage is to pay it off ahead of schedule.  This technique allows owners to avoid a great deal of the cost of interest and shorten the life of the loan.  Homeowners who plan to save money on their mortgage by paying it off early should consider these tips. Some loan … Read more

Understanding the Basics of Life Insurance

Whether you heard it from your insurance agent, an investment specialist or your own mother, you probably know that life insurance is a good thing to have. Despite that being the case, many people still have the question, how does life insurance work? Individuals have a vague understanding that money will be paid if someone dies, but things like whole life insurance policies complicate the matter. Understanding Term Life Insurance Probably the most common type of policy, term life insurance covers a predefined period of time. The policy owner may purchase the insurance outright, paying a certain amount of money up front for years of coverage. More commonly, the owner pays for the insurance policy each month. In this case, the policy expires at the agreed upon … Read more