The Five Key Steps to Financial Planning in Your 30′s

To ensure a solid and successful financial future, it’s crucial to begin forming certain habits and saving once you’re in your 30s to ensure you can retire at a good age and have extra savings for emergencies. It will not only reduce stress, but will prevent accumulating more debt in the long-run.

1. Create an Emergency Fund

A bankruptcy attorney in Columbus Ohio will tell you that it’s important to have an emergency fund established for unexpected emergencies. These struggles are a part of life and it is important to be prepared. Instead of resorting to credit cards that have high interest rates and will cost you more in the long run, save $1,000 for those times when the car breaks down or there’s an emergency dentist trip.

How to Save Money and Have a Memorable Day?

Being one of the famous and popular holydays in the world Valentine’s Day is interestingly not accepted as a holyday by the government and for this occasion no one gets the day off.  In this connection it resembles to Halloween.

However as it is mentioned by the U.S. Greeting Card Association each year over 1 billion cards are sent for Valentine’s Day. According to the average data American men spend $157 on their sweethearts on Valentine’s Day and typically women spend $85; however spending more doesn’t make the day more special and more   memorable.

Creativity is the best solution in any situation. The more creative you are the more money you will save. So that before deciding what to buy try to think about something original and celebrate the day in a more meaningful way.

5 Things You Need To Put In Your Business Budget

In these contemporary times, more and more business leaders are recognizing the important role that financial prudence can play in generating the success of the companies they run. Although there are a plethora of things that a business can do to ensure that it continues to experience growth and expansion, developing a budget can be particularly effective. While there will be a variety of different things that each individual business needs to allocate funds for, there are generally a few things that every organization should set aside money for. Here are five:

A Security System

Security systems are a great way to protect both yourself and your employees from theft, break-ins, and other illegal activity. Even if your business is located in a relatively low-risk area, having a security system installed on the property can increase your staff’s belief that they are working in a safe environment. If you are looking for a great security system which can make your business property safer, consider electronic devices like the Alexandria home security system.

An Internet Marketing Specialist

These days, more and more businesses are generating revenue for their companies by expanding their online presence. This is a prudent decision given that internet use is increasing more rapidly than ever, meaning that there is an expanding online market for your goods and services. With this in mind, it would be advantageous for you to hire an internet marketing specialist who is trained in effectively advertising the products you sell in the online world.

A Security Officer

Employee safety is a very important aspect of ensuring that your staff functions with expedience and excellence. The fear of break-ins or theft can make the work setting tense and awkward, factors which can entail a decline in productivity while also making the atmosphere less positive. For this reason, it is advantageous to include funds for a security officer in your budget. The physical presence of a security officer will be enough to ward off some criminals, and the education and experience that she or he will offer can help curtail the activity of individuals who choose to rob the property or engage in other types of criminal behavior. If you want to make the work environment even safer, consider using the security services of Vivint in Elk Grove CA.

How to Properly Take Advantage of Angel Investing Opportunities

The time to jump on board with angel investing might be here. NY angel investors have spotted many opportunities to grow their money. With the economy on the uptick and more people starting great businesses, a skilled angel investor can spot great ideas and earn significant returns when those companies grow. Angel investing offers individuals the chance to buy into companies that they believe in, and it can be far more interesting than investing in stocks and other commodities. Angel investors do have to commit their money for a longer period of time, and they aren’t able to pull out their cash on command. These costs are far outweighed by the many advantages of angel investing.

For people who want to link up with other NY angel investors or investors around the country, here are some tips that should help.

Invest only in something you believe in

Perhaps the first rule of angel investing is to make sure that you believe in a company before you make an investment. This does not necessarily mean that you need to believe in the company’s products. You do need to believe in something about the company, though. Perhaps they have an Apple-like mission statement hat inspires you. Maybe you seem something in the leadership team that you think will lead to success. Make sure there is something that you can get behind.

4 Things That Will Help Take Off Your Financial Stress

It has been said that the top three things married couples fight about are money, sex and parenting. While it is easy to see how these topics can cause fights, they do not have to. Use these four tips to reduce your financial stress and give yourselves one less thing to fight about.

Set Up a Budget

The first financial move every adult should make is to set up a budget. With a budget, you know exactly how much you can spend in various categories, such as food, clothing and entertainment, and still have money left over at the end of the month. Sticking within your budgeted amount gives you the freedom to never worry if you can afford things. Your budget will tell you exactly how much you can afford without getting yourself in a financial mess.

Maintain an Emergency Fund

For true peace of mind, put money aside each month in an emergency fund. Then, when the unexpected happens, you will not have to worry how you are going to pay for it. Flat tires and surprise medical bills do not have to be a source of financial stress if you already have the money set aside for them. According to financial guru Suze Orman, a good amount for an emergency fund is eight months’ worth of income.

Planning for the Future: Tips on Saving Money

Money woes aren’t just a breach of financial security–they can compromise your privacy, health, and overall quality of life. While they say money can’t buy happiness, it’s surely a necessary means to obtaining the basic needs with which we can sustain even a modest, comfortable, and healthy life. Fortunately, saving money doesn’t require any rigorous regimen–it’s a lifestyle. By employing some simple organizational and money-saving techniques, you’ll assuredly pave a path to financial stability.

Trim the fat

Businesses are known to eliminate dispensable employees when they’re in the red and need to begin generating revenue, so why not do the same with your personal goods and services? Assess where you’re spending money and determine what you absolutely need and what you can do without. Financial guru Suze Orman says “I challenge

you to reduce every one of your monthly utility bills by 10 percent”, which might include expensive cable packages or an unnecessary landline.1 Mobile devices are all the rave, but be honest with yourself–do you need the newest smartphone and tablet with 10 GB of monthly data to stream music and movies everywhere you go? You’d be pleasantly surprised with what you’d save by reducing your spending on these devices.

Take a personal inventory

Whatever it is you’re looking for, you can’t find–so you buy a new one. A lack of personal organization doesn’t just set the stage for a frustrated and possibly frantic search, but increased spending. You name it: cleaning products, small tools, personal care items, kitchen utensils, and cell phone chargers are among many items of which people own multiples, simply because they couldn’t find the original. If you maintain a simple spreadsheet of various items you own and their whereabouts, you won’t spend excess money on buying replacements, thereby allowing you to save.

6 Reasons You Should Invest in Gold

Today, investing your money in bonds and shares do not seem to be too lucrative anymore.  However, this does not mean that you can just rest and wait for your money to grow at home.

Therefore, you need to find a way where you can invest it in something that gives you greater assurance of huge returns in the future.  This is when investing in gold may become the best option for your investment portfolio.  If you’re unfamiliar with gold investing, let’s take a look at six reasons you should consider gold investing:

It protects you against inflation

People who opt for the purchasing power of foreign currencies find themselves getting disappointed most of the time.  It is because the purchasing power of many different currencies has decreased over a period of time due to inflation.  Luckily, the purchasing power of gold has remained stable over the years. This would mean that you can be assured of a good investment whether in services or in real goods that the value of gold can buy.

Its price is continuously increasing

If you would only try to look at the price range of gold for the last ten years you will notice that it has been continuously increasing. Despite the economic crisis, the price of gold remained strong and has never experienced any undue fluctuations amid adverse financial conditions. Therefore, no matter how pressing the economic issues are, you can always be assured that your money remains safe and your investment remains stable.

Back to School Money Saving Tips

It seems like just last week that your kids were bringing home the jackets and mittens you hadn’t seen since December and already in a month or so many students will already be going back to the classroom to lose them all over again. Additionally, you may have a kid in college which might just require taking out a loan just for textbooks and technology.

It’s easy to succumb to the “great” deals printed on flashy flyers and to the pleas of your children for the coolest lunchboxes or the newest laptops and many a well-meaning parent has gone school shopping with a frugal mindset and instead ended up breaking the bank. However, this doesn’t have to be the case! With some strategy, creativity, and willpower you can get great school supplies and keep both your kids and bank account happy.

Don’t buy what you already have. You have more supplies in your house than you probably realize. Maybe one of your older kids has all the books that your younger one now needs to read for English. Maybe that graph paper your child “needed” last year still has 98 pages out of 100 left. Going through your junk drawers and kids’ desks and closets can yield a surprising treasure trove of supplies that you won’t need to rebuy saving you a considerable amount of cash.

Economic growth implies lower chances of an impending debt crisis

When the debt level of a country is high enough, this is typically associated with sluggish economic growth as compared to the period during which the debt of the country is lower. This is what has been shown by studies throughout the last few years and it still holds even after a new study that was released, that draws the relationship between economic growth and debt. The new working paper, concluded that when the gross debt of a country exceeds 90% of the Gross Domestic Product, the median growth rate is supposed to fall by 1% and average growth rate falls even more. Chairman of House Budget Committee, Representative Paul Ryan, declared in the month of May 2013 that the US debt is hurting the economy today and this idea has been embraced by almost all Democrats and Republicans.

However, the representative did not check that the economic reports on housing, investment and jobs didn’t support that claim. A gang of economists throughout the political spectrum dispute this study that stated that the nations with debt load of above 90% of the GDP of the nation grow slowly. 3 years after government spending surge after the corresponding recession drove the US off that red line. The total debt of the nation, $16.7 trillion debt is 106% of the $15.8 trillion economy and this is what are the key indicators that reflect the gathering strength. The businesses have increased their expenses by 28% since the end of 2009 and the annual rate of new home construction surged to about 60%. Employers have also successfully created 6 million jobs. As the borrowing costs are also at their record low levels, the cost of repaying debt is also lower.

Does high debt levels chill economic growth?

Ryan of Wisconsin, a Republican joined the Democrats and embraced as the financial gospel the idea of a tipping point for debt, even though this was a hot debate among the economists. There are some studies that have found out that there’s no such relation between high debt and sluggish economic growth, especially for the countries like the US that print their own currency. According to a 2012 paper, 2 French economists concluded that the economic growth rates as the debt-to-GDP ratio passed 115%.

Federal judge refuses to dismiss the lawsuit against Bank of America

The Bank of America was dragged into litigation by the Pennsylvania Public School Employees’ Retirement System (PSERS) that filed suit in the U.S District Court, Southern District of New York against the bank. PSERS alleged that as shareholders, they were misled by the bank about its exposure to the risky mortgage security and its (bank’s) dependence on the mortgage electronic registry system (MERS).

The U.S. District Judge William Pauley in Manhattan refused to dismiss the lawsuit and allowed the investor plaintiffs to pursue securities fraud claims for billions of dollars in alleged losses. However, the federal judge dismissed several claims against the current CEO Brian Moynihan, his predecessor Kenneth Lewis and several of the underwriters, executives and directors. The plaintiffs alleged that the bank was in fact aware that it could not raise enough capital and therefore would be pushed into repurchasing billions of dollars of security that are backed by risky loans especially from Bank of America acquired Countrywide.

Further, allegations were made that the bank knew that the record keeping in Merscorp Inc’s private Mortgage Electronic Registration Systems registry was so poor that it would not be able to legally forestall on thousands of delinquent mortgages. However, Bank of America responded by stating that it had properly disclosed its use of MERS and that it had no obligation to disclose the speculative possibility of large buybacks.


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