Working Out A Family Budget

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When you and your family are considering a budget, you may be missing the values that are held within rebates and coupons. In general, because of the time it takes to actually clip these things out of your local newspaper or a magazine, people tend to over look these big money savers all too often. Coupons should be an important part of your family budget. The money you could save using coupons could easily add money to other areas of your budget, like family entertainment.

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When you and your family are considering a budget, you may be missing the values that are held within rebates and coupons. In general, because of the time it takes to actually clip these things out of your local newspaper or a magazine, people tend to over look these big money savers all too often. Coupons should be an important part of your family budget. The money you could save using coupons could easily add money to other areas of your budget, like family entertainment.

For decades, people have been clipping and using coupons of a variety of sorts. It is something that is done by grabbing your favorite pair of scissors and scanning through your magazines or newspapers, to find coupons that will help your entire family saved money on your favorite products. Many people commonly skip over coupons because the savings tend to “look?small and insignificant. However insignificant they may look, once these savings add up they could equal a good sum of money saved EACH time you go to the grocery store.

Using and clipping coupons or rebate forms have been known to be an art. People often plan their entire budgets around the coupons or rebates that they have and save a good deal of money in the process. It is impossible to account for coupons during the actual creation of the monthly budget, because you never really know how many coupons you will be able to use and just what the savings will be. Many people choose to stash away the money saved from coupons into a special place to use for a special treat for the entire family. You will be able to enjoy treating your family to a special night out or something of the like, without having to place an impact on the family’s budget.

Stick close to a few rules when you decide to use coupons, this will allow you to get the greatest value from them. When you are using a coupon, try to find the item on sale. This will help you reduce the price in a dramatic way, for items that you would generally purchase at regular sale price. In addition, some stores have what is called “Double Coupon Day? these actually double the amount of savings that is listed upon the coupon. Giving you DOUBLE the money to put away for that special treat and what could be better.

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Personal Finance – How To Reduce Your Monthly Expenses

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Everyone has fixed expenses which are the basic of needs for our daily living. There is no way to eliminate the fixed expenses but with some innovative budgeting, you could save some good money. Get some ideas from this article.

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Everyone has fixed expenses which are the basic of needs for our daily living. There is no way to eliminate the fixed expenses but with some innovative budgeting, you could save some good money from this practice. If you have debt problem, a good practice in expense control and budgeting can help you to free up enough money to pay down your debt and may prevent you from bankruptcy. Of course, to accomplish your goal, you might have to live a very austere existence and scarification.

This article will list down some ideas on how to lower your expenses. While reading this article, you can make a list of you own ideas to cutting down your expenses.

Ways To Save Money

1. Reduce the Number Of Credit Cards

For many people, owning a credit card is the style of life and there are people holding 5 to 10 credit cards. It's so convenient to make payment with credit cards and you many overlook your budget. Although to terminate all credit cards are not possible for many people, you could reduce the number of credit cards in hand.

2. Ask for a Lower Credit Card Interest Rate

A major consumer group conducted a study to find out how easy it is to get a lower credit card interest rate. Fifty-seven percent (57%) of those who simply telephoned their credit card company and asked for a lower interest rate got one instantly.Getting your credit card interest rate lowered depends on various factors. Normally the bank will approve your request if you meet the following conditions:

  • You have a good credit rating — meaning no late pay notations on your credit report and a good credit score;
  • You do not have a high debt-to-income ratio and you do not carry a big balance on your credit card;
  • You do not send in just the minimum payment required each month;
  • You have an excellent payment record with that particular creditor;
  • The credit card is not one that is categorized as "sub-prime", meaning it is not a secured credit card or one marketed exclusively to those with bad credit.

When you call and ask for a lower interest rate, your reasoning should be based on the argument that you deserve it because you're an excellent customer or you're getting better offers from other credit card banks.

3. Always Buy Classic Style on Clothing

Clothing fads come and go so quickly and it will become out of fashion after a season.Instead, buy only good quality classic clothing that you can wear five years from now if you haven't worn it out by then. This will help you to reduce the frequency of buy new cloths.

4. Know Your Budget on Food

According to some survey, people who do not know how much they spend on groceries each month are twenty times more likely to be over their heads in debt than those who know exactly how much they spend on food each month. A lot of money can be saved by with below practices:

  • Stop eating outside – Dinners you prepare at home is significantly less expensive than meals you pay someone else to prepare.
  • Don't buy what you don't really need – Good examples are soft drinks, sugary snacks and other sweets. Giving them up will improve your health, reduce your medical and dental-related expenses and fatten your wallet.
  • Get the best price by comparing supermarkets — Don't shop at the closest supermarket just because it's more convenient. Driving a mile or two down the road can save you as much as $50 per week on groceries.

5. Car pool with your neighbors

If you have neighbors who work close to your company, you can car pooling with them to save gasoline and transportation cost.

Summary

Above are just a few ideas to reduce your monthly expense, sit down and list down your own list. You will surprise that by listing down all your monthly expenses, your will realize that actually there are a lot of expenses which can be reduced or eliminated. And you can use the saved money to pay down your debts.

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How To Get Rich Today

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Can you actually get rich today? Being rich may be closer than you think.

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Want to know how to get rich today? You could try the lottery, or try your luck at the roulette wheel. Of course, you know the odds are against you, right? Want a better way?

Start thinking about what it means to BE rich. Consider that you are sitting there with a fantastic machine in front of you – the computer. It can entertain you, educate you, employ you and more. Think back two hundred years ago, when the richest people in the world didn’t have access to a computer, or a television, or a car, or a refrigerator, flush toilets or modern medicines.

Think about how many millions of people TODAY would eagerly trade places with you. If you consider yourself poor, there are others who would consider you rich by comparison, right? “Rich” is relative, isn’t it? While others imagine how much better their lives would be if they had as much as you, you imagine a life made better by even more wealth.

It’s certainly true that life can be improved by money. Those who tell you differently are lying or have a real lack of imagination. However, long before you get rich according to whatever standard or goal you have, you can get rich by living differently. You can learn how to get rich by enjoying the real wealth you already have. If you don’t learn how to enjoy life first, you may not enjoy future wealth in any case.

Who is really richer, a person with a lot of money and things who is alternately stressed and bored, or a person who is enjoying all the good things he has, however few they may be? Appreciate what you have, and you WILL be richer. Of course you should plan for the future, to make more money, but get rich today by living in a state of gratitude for what you already have.

How To Get Rich Today – Part Two

Isn’t money a blessing, as well as an incredible and fascinating invention? It’s the distilled essence of all the worldly things and situations you might want or need. Why not make more of it? The following are some simple reminders of things you already know about how to get rich.

1. Plan to make more money. Choose a way (there are many) and work it. Try another if you fail, but don’t stop trying. Fast or slow – you can get rich. However, don’t just think about getting rich. Put your goals in writing, and take the steps necessary.

2. Decide what is truly important to you. I have seen more than one person spend what could have been a wealth-building investment on things that really weren’t important to them. Self control doesn’t have to mean self-denial, but it should mean doing what you REALLY want for the long term.

3. Learn to manage money. If you watch those “Where Are They Now” programs, you’ll quickly see that it’s easier to lose millions than to make them. How many famous people have blown through all their money in a few shot years? About 1,897. Okay, who knows, but the lesson is clear. You need to understand how to manage money if you want to get rich and stay rich. Why not start educating yourself?

Enjoy what you have, and put a plan in place to get more – this is how to get rich today.

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The first rule of making a personal budget ?keep it simple

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No-one likes to follow the rules, but to be successful when creating a personal budget, there is one simple rule to follow: Keep It Simple. This article describes how to create a very simple personal budget, which increases your chances of success.

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Rules. No-one likes rules. But we all realize that if we didn’t follow traffic rules and stop at a red light, our streets would be chaos. If you want to have a successful personal budget, you have to follow the rules (in this case one simple rule).

Many people believe that there are a lot of rules to follow when making a personal budget. People believe you must work on your budget every day, and keep track of every penny you spend, or else your budget won’t work. Most people think budgets are a lot of work.

Most people also believe that budgets are hard. They think you need to be an accountant to be able to create and maintain a personal budget.

Budgets can be a lot of work, but they don’t need to be, if you follow the First Rule of Making a Personal Budget: Keep it Simple. Yes, like a lot of things in life, the KISS rule applies to your personal budget.

Don’t try to create a complicated series of linked spreadsheets with fancy graphs and tables. Don’t try to master the most complicated personal budgeting software. Don’t believe that you have to go to school and study bookkeeping and accounting to make your budget work for you. Keep it simple.

Start with a blank piece of paper, or a blank spreadsheet, and make a list of what you spend money on every month. That’s right, you are not making a budget; you are making a list ?how easy is that?

Most people can’t even make a list of what they spend each month, because they have no idea what they spend their money on. No problem. Keep it simple. Get a pencil and a piece of paper, and carry them with you everywhere. Whenever you spend money, write in down. At the end of a normal week, you will have a good idea of where you spend your money.

You could then take your week’s worth of notes and make a monthly budget. But, to make your budget even simpler, do a separate budget for every pay check, or make a separate column on your spreadsheet for every paycheck. That means if you get paid every week, have a column for every week.

Then, make a plan for how you will spend every paycheck. It’s much simpler to decide how to spend your paycheck this week than it is to try to budget for the next six months.

Read that sentence again: make a plan for how you will spend your money. That’s the only reason for making a budget. By keeping track of where your money goes, you can make a plan to spend your money where you want to spend it.

If you keep it simple, your budget will be a success. And remember, if you don’t follow this simple rule, your personal finances will be a mess, and you could have to declare personal bankruptcy. So keep it simple, because proper budgeting is the best personal bankruptcy alternative.

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Tips For Protecting And Restoring Your Identity

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Modern technology has made lives easier, but it has also made it easier for thieves to commit what the U.S. Postal Service has called the fastest-growing crime in America–identity theft.

Tips For Protecting And Restoring Your Identity

Modern technology has made our lives easier, but it has also made it easier for thieves to commit what the U.S. Postal Service has called the fastest-growing crime in America-identity theft.

If you ever become a victim of identity theft, would you know what to do to help restore your name? There are many issues that may need to be addressed, such as:

• Understanding your rights as a victim.

• Filling out paperwork, including police reports.

• Issuing a Fraud Alert to the three major credit bureaus, financial institutions and credit card companies, as well as the Social Security Administration, Department of Motor Vehicles, Federal Trade Commission and U.S. Postal Service.

• Obtaining copies of your credit bureau reports and working with the three major credit bureaus to restore the accuracy of your credit history.

You can also get help if you become a victim. As this crime grows increasingly common, consumers, who spent up to 300 million hours trying to resolve problems created by identity theft in 2003 (Federal Trade Commission), are looking for options for dealing with the costs and hassles related to this problem.

Some insurance companies, including Allstate Insurance Company, are offering identity restoration coverage. This type of coverage, often added for an additional fee to homeowners, renters and/or condominium insurance coverage, can provide customers access to identity restoration assistance and reimburse them for covered expenses incurred to help restore their identity.

While this coverage can help victims of identity theft recover their lives, it is still up to individuals to protect themselves. The following six tips can help make you less vulnerable to identity theft:

• Don’t carry unneeded credit cards.

• Cancel all unused, lost or stolen credit card accounts immediately.

• Keep Social Security cards, birth certificates and other personal documents in a secure lock box or safety deposit box. Don’t carry them, or duplicates, in a wallet.

• Check credit histories periodically and report any unauthorized activity.

• Keep careful track of all receipts. Store them in a safe place or destroy them before putting them in the trash.

• Do not give out Social Security numbers or other information to any person or company unless you are familiar with them and you have initiated the conversation.

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Bullion Vault- An Online Platform To Sell Gold and Silver Bullion!

Based in West London, Bullion Vault was founded by Paul Tustain in 2005 and is owned by Galmarley LTD. The company has seen a steady rise in profits every year since it was launched and has grown rapidly over a short period of time. In September of 2008 the company became a member of the London Bullion Market Association and in 2010, it became a partner of the World Gold Council. The company is currently holding $2.2 billion worth of precious metals for 41,000 customers in 159 countries and owns one of the largest gold storages in the world.

Services offered

Bullion Vault provides an online platform to buy and sell both silver and gold bullion and have it stored in one of Bullion Vault’s highly safe and secure vaults. It also offers clients with research tools which help investors determine his actual needs. One of the benefits of this site is that you can buy or sell even small amounts gold and silver that would otherwise be impossible in the professional bullion market.
The investor’s accounts can even hold cash with each deposit, making it easier to convert them into precious metals or vice versa. They keep the prices very close to the spot price of gold or silver which makes it more affordable for buyers.

Setting up an account

The application process is very easy with the site’s user friendly features and easy to understand terms. The currency can be set in dollars, Euros or pound sterling. The entire process has no hidden charges and is completely free for all users.

Pricing

Bullion Vault charges a very nominal commission plus a monthly storage fee based on the amount of gold and silver held in the vault. The storage rates for your precious metals are only a fraction of the total cost if you were to hire a professional vault for yourself.

Selling Your Bullion

Bullion Vault gives you an option to sell your gold at any point in time and allows its members to deal directly with other Bullion Vault users. This type of transaction will generally give better returns by cutting out the middle man and give you flexibility with your finances.
Since the company does not have to shoulder any cost for shipping as they keep all the precious metals in only four vaults, they are able to offer very competitive prices. This, along with policies that are geared towards fulfilling the needs of every kind of investor makes it a good choice for your investment.

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2006 Economy: How to Avoid Overextending Yourself

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The U.S. is the world’s largest economy and is moving into its fifth year of expansion. The biggest risk is the housing market which is expected to slow this year and potentially drag the economy down with it. Many people are betting that the housing market will avoid a major crash but instead will plateau leaving prices stagnant. The resulting rise in interest rates could put a lot of families under financial stress.

finance, housing, credit card, economy, 2006

The U.S. is the world’s largest economy and is moving into its fifth year of expansion. The biggest risk is the housing market which is expected to slow this year and potentially drag the economy down with it. Many people are betting that the housing market will avoid a major crash but instead will plateau leaving prices stagnant. The resulting rise in interest rates could put a lot of families under financial stress.

A housing market that is not growing quickly turns into a buyer’s market. People will have a number of houses to choose from which will block any increasing value for current home owners. To most home owners this will not be a problem because they have conventional fixed-rate mortgages and only need to wait until the market improves. People who have unconventional 5-year arms and interest only loans may be seriously hurt; especially if interest rates rise.

“I think one of the principal risks is whether or not home prices decline and the impact that that will have in terms of influencing the savings rate and personal consumption growth as we have already seen in the U.K. and Australia?said David Rosenberg a U.S. economist at Merrill Lynch (Wolk, 2005).

A bigger problem is people’s personal savings rates. Because debt is so easy today and most families are at a maximum borrowing limit many people who will see a jump in their interest payments may begin to default. This default raises the interest rate even further due to increased risks associated with lending money. In the end many people will not have money to spend or save which could have serious consequences for the economy as a whole.

The best measure to avoid such pit falls is to put a larger sum down on your house during purchase which gives you a cushion to work with incase you need to sell your house quickly. The second measure is to avoid all credit card balances, home equity loans and charge cards. Finally, only engage in fixed-rate mortgages.

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What is a Cash Structured Settlement?

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What is exactly is a cash structured settlement? Basically a cash structured settlement occurs when there is an insurance company that provides scheduled payments to a person as a result of a claim settlement. In other words, a structured settlement is a monetary package that allows for payment of a settlement to occur through scheduled installment payments for a period of time.

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What is exactly is a cash structured settlement? Basically a cash structured settlement occurs when there is an insurance company that provides scheduled payments to a person as a result of a claim settlement. In other words, a structured settlement is a monetary package that allows for payment of a settlement to occur through scheduled installment payments for a period of time.

Structured settlements were first introduced in early in the seventies in Canada, then spreading rapidly into the United States. Several years later, this method found its way to Australia as well as Europe.

One benefit of structured settlements is that provides a tax free recurring payment over a period of time. These payments can very well be spread out through the live of the recipient. If death happens to occur to the recipient, a guaranteed portion of the settlement can be paid to a beneficiary.

An alternative to structured settlements is a lump sum payment. This basically means that a one time amount will be paid to the recipient instead of breaking the amount down into multiple payments over a designated period of time. This often occurs when a person wins the lottery. Some reasons that lump sum payments are of interest to individuals is that they may have a large expense they wish to pay off. For example, a home loan or mortgage, medical expenses, credit card debt, etc. With a lump sum payment, many debt issues can be resolved as a result of the large payment.

Although lump sum payments may seem appealing to some, structured settlements provide a continuous recurring income over a designated period of time.

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