Category Archives: Finance

Tips To Avoid Filing Bankruptcy

Getting rid of bankruptcy

Tips to avoid bankruptcy

When you are in debt too much and you can’t find any other way to get rid of it, you opt for filing bankruptcy. However in any conditions, filing bankruptcy is not the only options you have with you. There are many other alternatives you can use to get rid of debt. Filing bankruptcy should be the last resort you have got. According to many estimates, filing bankruptcy is in the list of top 5 negative life altering changes in your life. Filing bankruptcy is that negative mark on your credit report removing which will take years and ruin your too great extent. It leaves deep wound on your credit report, healing which will take a very long time and too much effort. If you are on the verge of filing bankruptcy then don’t take this big negative, there are ways to come over this situation without even filing bankruptcy. Here are of the alternative options for filing bankruptcy.

  • Negotiate with your debts

Before you go for filing bankruptcy, you should try and settle down your debts. You can try and negotiate with your creditor. Filing bankruptcy and then cleaning and erasing off it from your record are very difficult. Hence try and negotiate in the best way and convince your creditor to reduce the amount of debt or give you sufficient time to pay it back. You can go for debt consolidation, where you can settle down your debt by losing some of your assets. You can go for a reduced payment plan where in you can settle your debt slowly and gradually without having the need of filing bankruptcy.

  • Sell your assets

When you are filing bankruptcy, all your assets and your property is taken away anyway and you are declared bankrupt. In bankruptcy, a liquidator will be hired who will decide which property to sell and which not and will decide how your claim will be settled. Well now you can also do this by yourself. Instead of filing bankruptcy and declaring to the world and then losing your property, you can sell your property and assets by yourself; pay off your debts but without destructing your credit report for years.

  • Borrow funds

For a moment put up your self-respect on side and consider the consequences of filing bankruptcy. Not good right? It will take lot of effort to put your pride aside and ask for the funds from friends and family. But however this is the right thing to do for the situation. You are not taking away; you just have to borrow funds from them. Return them anyway with interest and you will be fine by borrowing from them. Make a budget and check how much money you will need for avoiding filing bankruptcy. See which friend or relative of yours is in a capacity to pay such an amount. Make sure the person you ask the funds from know the exact position of yours and have enough time to give you for repayment.

Easy Tips To Save Money

Tips on saving money

Ways of saving money

Savings are always useful at some or other point of life. Life is never similar; it can change at any point of time. If you are financially stable at this point then it does not mean it will be same forever. Financial imbalance can be possible at any point in your life and when that time comes. You should be prepared for it. If you have planned to save money when your time was good, it will be very much helpful when bad time hits your door. Saving money will help during any medical emergency or when you have to pay higher education fees of your kids or when your kids are getting married. One of the reasons of saving money can also be for retirement. However whatever is the reason behind saving money, it is a good habit which should be cultivated if you are not having it right now. But of course saving money is not an easy thing to do and the biggest problem in saving money is to decide where to start from. To get rid of all this problems here are some of the tips to save money which will definitely be helpful in future.

Tips to save money

  • Se t your saving goals

You must have some goals to save money. It will drive you or motivate you to compulsorily be strict on your plan of saving money. First of all start with short term goals. Once you feel that all short term goals are accomplished plan for long term goals and stick to them. These goals can be like buying a new car or buying a new home or any such thing. If you are a travel person you can even plan your next trip and start saving money for that.

  • Plan on saving money

Just deciding the goal will not help you fully on saving money. You should create a plan on how you are going to accomplish that goal. You need to make a plan as to how much you are going to save monthly. When it’s your initial sage of saving money, you can try saving money on weekly basis. When you start cultivating this habit, you will eventually realize that it’s not that tough to save money and fruits are also good. You can also try cut down on some extra luxuries. It can also be a part of your plan.

  • Determine your priorities

When you are saving money it will definitely include cutting down on your expenses. When you are cutting on extra expenses, it will mean that you need to priorities your needs. Say for example you are doing shopping worth 5000 every month. See the things and choose which are those which can be cut and they are not needed every month. Doing this will help you to save more money and achieve your targets more quickly and easily. This will make your process of saving money more simplified.



Tips on Improving your Personal Finance

Girl thinking of Personal Finance

Personal Finance saving thoughts of women

Making right decisions and proper planning are the key factors of improving your finance.  Improving your personal finance depends upon three factors, investing, protecting and proper saving. You were busy, you are busy and your will be busy in your future. The longer you delay you’re your work; it will take more efforts for understanding. This small task leads you in enjoying and improving your personal finance. It is important to organize your personal finance, that helps you in saving your time and spare you with less of stress level and manageable income. Make some strategies that lead you with fruitful tips and tricks of improving your personal finance.

Improve your personal finance:

  • Tracking your personal finance will helps you in regulating and managing it in a better way. Do you know how much you are spending on eating and miscellaneous expenditures? Things that are measured can be managed. So the foremost things being a home owner, you should keep a control over your financial expenditure.
  • Keep an eye on where your dollars go. In fact taking the help of applications that helps in detecting and recording your daily expenditure report. Improving your personal finance in this way will lead you in enjoying the fruitful savings.
  • It is important to pay attention of your personal financial security. Pay yourself first rule should be followed by you. Most of people have the tendency of paying the bills and amount of repayment first. Then they spend and at last save some amount for themselves. But what about your personal financial security?
  • Pay to yourself method has proved more fruitful for the people who are planning of saving the money first for themselves. When you are arrived with money, keep certain amount of it aside for your personal saving and spending.
  • Accepting the method of SOS for improving your personal finance is advisable. Even if you are not much of saver, you should at least be acknowledged with certain amount of money that can help you for covering your living expenses for at least three months.
  • The stipulated amount of money can be used in any situation of uncertainty. Any accidental problem, disease and financial crises are some of its examples that explain the importance of saving and improving the scope of personal finance.
  • Try out automating your each and every bill transaction. Trust me it takes less than a minute for performing an automated repayment of transaction. Doing this will help you in saving your time and will raise your credit score too.
  • As the payment is done on or before time, it increases the trust and reliable factor for the lenders to trust you for lending the money. It also ensures that you never get hit with the remark of late fees.
  • Preparing personal finance budget works well for you while planning for improving your personal finance. Personal budget helps you in deciding what you should buy, what should you not, how much money to spend, and how much expenditure should be eliminated for improving the scope of your personal finance.


4 Tips on organizing your personal finance

Tips on organizing your personal financeIt is considered to be difficult in getting know with the things about how to manage and organize your personal finance right? And judging your income on that basis is considered to be taking the wrong decision about it. Many times we feel like that we have forgotten to get or pay off the bill s which is considered to be the mandate criteria to follow up right? But these thoughts can be taken in to easily care with the help of organizing your personal finance in the best way you can. And for those individuals who have their jobs have to take the list in to account of the expenses and the bills which they need to go to pay because it will help you in getting all the track records of your expenditure and will maintain up the balance between your income and expenditure.

Well, the further information will help you in gaining the important of organizing your personal finance and it is also considered to be important because your income which you have earned of will be distributed and managed in the best way. There are many tips which can help you in going for organizing your personal finance like getting a perfect tracking system for your income, regular checking of the expenses which you are going to incur, always have the habit of writing the things which can help you in becoming the guide for you, etc. and other tips of organizing your personal finance which you can go for exercising on your income.

Tips on organizing your personal finance

  • Making a list of the things or the expenses which you need to go for paying is considered to be the job of the individual which they need to take in to account. In fact you can go for having the handy book which can help you in noting up each and every expenditure or bill which you are going to pay.
  • This will help you in getting clear about the things and the expenditure ratio which will assist you in making and determine the tracking score of your income which you have earned of. You can easily carry it wherever you want so those if any expense takes place than you can go for write it in your notebook which at the end of the month works as the guide to conclude your income.
  • It is considered to be one of the tips of organizing your personal finance like not keeping more financial accounts. This situation leads to get complicated criteria in your planning because you are going to operate more than one account which brings and sums up in getting a confusion of the income.
  • You can also go for amalgamating your more than one account in to one account which can help you in taking the accurate decisions of your income which you need to go for paying off for your expenditure which is going to take place. It will help you in organizing your personal finance in a better manner and will also reduce the risk of getting more expenditure on the things which you are going to need.

4 Tips on Renovating your Profit

Tips of Renovating your ProfitKeep in one thing in mind, you must never keep you money to be ideal because it will lead to no other option and just accumulating it is not considered to be good thing which you can go for right? So it is considered to be important for renovating your profit in the best way you can so that you can easily get more of your profit to be grown. Renovating your profit will help you in increasing your wealth and not only that but will also help you in getting the knowledge of the things and criteria which you can go for while thinking of renovating your profit. Well, it is advisable of making certain target which can be easily accessed and estimating the exact scenario of where you want to go for renovating your profit.

Well, there are many tips which can help you in the matters of going for renovating your profit form the best of your knowledge. But there are certain things which you need to keep in mind while going for renovating your profit like you must go for checking that which resource is considered to be appropriate for your profit to be dealt with, for what time period you want to give you profit, etc. and many more of the things which can help you in going for renovating your profit which is going to be beneficial to you. The further information will provide you with all the information which you are in need of.

Tips on renovating your profit

  • The first thing which the investor must keep in mind while going for renovating your profit is to go for checking the right type of property or criteria which they can go for while renovating your profit or investing your profit because many times we see that we invest in certain investment but the returns are not appropriate. So you need to keep these things in mind while acting up on.
  • Go for preparing the budget of the profits which you want to go for investing or renovating. Yes, budget will help you in providing all sorts of information and will also help you in stimulating your restriction of investing your profit which you have decided to go with in your budget. Once you have decided for the target, you will get better ideas about the facts which you can go for while complying with the process of renovating your profit.
  • Not only that, but you must go for the tax implementation which you are going to require while taking in to account the process of renovating you profit. It is advisable of knowing that the tax procedure is being little of complex which you need to comply with in a better manner.
  • Go for asking for the return criteria which you must get on investing your profit on the right place. Yes, if you are selecting of investing your profit on the right place you are definitely going to get your return back and that too an appropriate one which is considered to be accurate for your income and doubling up your profit.



Tips To Manage Your Money Better

Managing moneyGenerally the biggest financial complications which arise are due to not doing the simple organized things. Financial issues arise due to unorganized money and unplanned usage of money. When you don’t manage your money then it becomes difficult for you to manage your expenses and your emergency needs have financed. Thus it is advisable to manage your money in a way that you make less expense and able to save more. If you don’t want to get into trouble relating to money then it is advisable to manage your money and here are some of the tips to manage your money in proper manner.

  • Track your spending

For managing your money in a proper and appropriate manner, you need to have a fait idea relating to where you spend. Start noting each and every expense of yours for a month. Doing this, will give you an idea as to how much you spend in a month. By knowing your monthly expenditure you would be able to manage your money and make some savings out of it. Once you start noting down your expenses, you will also be able to know your extra expenses and you will feel to cut it down. After getting the [roper idea regarding managing your money, you must start making a budget and work according to it. Yes of course, budget sounds complicated but trusts me, by making a budget you would be able to save a lot then you don now. While starting to manage your money, you might find it tough but it will become easier the more you do it.

  • Combine your expenses if you are married

When you are married and your partner is working then it should never be his money or her money or his bills or her bills, it should always be combined.  All the income and expenditures of both of you should be calculated in a combined manner. This will give you ease in managing your money. Thus always deposit money of both of you in same bank account. Agree on a common budget and follow the same, this will not only allow you to manage your money but also help to avoid money fights between the couple.

  • Make a bills calendar

If you find any trouble in managing your money or staying organized with your money when it comes to paying off your bills then you should follow the method of bills calendar. Make a calendar which shows you which bill is due. Refer this bills calendar once or twice a week and then see which bills are due for this week and pay it. By doing this, you will be able to be particular in paying off all the bills and won’t have any outstanding bills or any fine on late payment of bills. This is really a very effective tip for managing your money. By doing this you can also manage to build up a emergency fund after all the bills are paid.

Wealth Management Tips For Women

women wealth financeAs we know that clothes of same size does not fit all. Similarly wealth habits of one person don’t suit all. It varies according to the income, expenditure, size of the family, gender and many more. Now if we come to wealth habits and investment of women, it’s generally different from that of men. Knowing the nature of women, they do save but they do expenses a lot especially shopping. So it’s very essential for women to develop their wealth management habits by many ways like saving, cost cutting, managing income, and reducing expense. Here are some of the easy ways for women for making strategic wealth management.

  • Get started with the wealth management process

It may be because of the traditions of the society or lack of confidence in women in matter of investment. Many of the women leave the matter of investment on men. But this is not to be continued now.  Now women need to actively take part in investment process and take their financial decisions themselves. Managing your own money yourself is an important task and a key factor to succeed in your life and make your end life beautiful.

  • Always consider your retirement plan at every age

Retirement is such a confirm time in your life which is definitely going to come and it will hinder you if you are out of plan and savings during your young age. The earlier you start to save the safe and secure will be your retirement. It’s not more, just keep 10 % of your savings aside and it would be a huge amount accumulated at the time of your retirement. Thus every women should put up a certain amount to be self dependent in future.

  • Consider savings as key financial strategy

Divide your savings into pieces, just as you do your investment portfolio by developing pension fund, retirement account, saving account and also social security. Women can’t work continuously like men as they have to take breaks from their work for family reasons and many such. Thus their saving capacity and investments are less as compared to that of men. For proper development, focus on individual savings account.

  • Overestimate your future financial needs

People cannot estimate their life. It can be short after retirement or it can be long, even more than your expectations. If you save thinking that you are not going to live more than particular ages then don’t do such a mistake. Women expected to live 60 years live up to 80 years long. Saving according to the current market conditions and prices is also wrong. You must consider the factor of inflation and price rise. The amount appropriate to fulfill your needs right now might not be sufficient to pass your livelihood in future. At an older age the health care expenses and medication will also cost you more. Thus if you are not getting a right figure to fulfill future financial needs then you can overestimate it but never underestimate it.

Five Credit Card Mistakes To Avoid

Credit Card MistakesCredit cards can be really good things if used in a responsible manner. They might be really luring, you might spend the entire month’s money and regret later. However, they are like the evils that are necessary. At times when you need to pay rents, take a loan or need money for an emergency credit card is your only resort.

For people who are responsible and credit cards can be their best friends. They are believed to be more secure than debit cards and are very useful. You still need to be careful and try avoiding few mistakes at all costs.

• Missing a payment: never forget to make payments on time. If you at all forget or pay late it might cost you a lot of money. There are hefty charges and interest fees that you will have to bear. Your credit gets killed if you make late payments and the bad credits only mean higher interest rates. Try making payments ahead of time if you are forgetful as late payments might cost you more than you can think.

• Carrying a balance: do not be negligent towards the payments that you make for your credit card. Consider it as a responsible way of spending the money you have rather than like a high-interest loan. Try making payments every month for your card. If not more than the bill at least pay the minimum amount. However, paying a little amount more also every month can lessen your burden. The interest fess that you have to pay every month will not be like a burden in the end. Otherwise use a lower line of credit to wipe out the balance.

• Not reading your statement closely: mistakes can always happen so check your credit card bills closely before making any payments. You might find some unfamiliar charges or charges that might not be yours. Get them checked and rectified. If you do not check you might end up paying twice or for something that you did not even buy. So, always check the details very carefully and closely. Checking your credit card statements can prevent a lot of problems and issues that might come up later.

• Spending all the credit: your credit cards might have huge limits but that does not mean you spend it all. You should not spend more than thirty percent of your credit card limit. The more that you spend the more interest you pay and it also worsens your credit score. If you are in need of more credit get the limit increased of your credit card but do not overspend on your limit.

• Taking cash advances: most companies charge you fees for taking cash advances on your credit card. The interest charges that you pay for these advances are usually more than the general fees. It might rack up ridiculous amounts of your interest charges and fees. Until and unless you have an emergency situation this is the biggest blunder that you could make.

5 Ways To Reduce Your Monthly Expenditure

reduce monthly expenditureThe regular expenditure of paying for so many bills each month are the biggest challenge by which nothing is saved up for future and also for investment. You cannot even enjoy the things which you want to because of the money that goes on in the necessity deadlocks. If at one go the expenses do not lower down then try of trimming it step by step. Some techniques which will help in trimming the expenditure are as follows categorically:

Reduction of the debt

• Home and automobile refinancing – debt payments can be reduced month wise by enquiring about the rates of lending and going for it. In this way in the long run the overall cost does not jump up.

• Union of credit can be approached for a personal small loan – for small purchases you need not borrow money from others and in return pay extravagant interest rate. If you have a solid credit the union will offer less interest.

• Paying the debt automatically – many institutions offers reduction of the rate if you sign up the automatic debt payment mode. Also you can ask for cutting down little rate of reduction from your credit card and not using your credit card until the financial situation is strengthened.

Mode of transport

• Selling of automobile – if a particular automobile is not being used up and is just lying down in the garage then it is better to sell it off by which the expense of insurance will vanish.

• Using public transport – for regular visits to office, school and other places you can opt for public transport by paying less than paying for the cost of petrol or diesel as the monthly allowance goes up in wonder.

• Inflation of the tyres – if you regularly inflate the tyres and go in for tyre checkups then the mileage is also increased.

Energy Consumption

• Installation of CFLs – less consumption of energy and long lasting products are a great push. Sticking to a particular company for the lights and bulbs is also another way to cut down on your expenditure.

• Thermostat that can be programmed – alteration of the heating and cooling is done by the programmable thermostat even when you are not at home. This will reduce your electricity bill.

• Utilization of timers and unplugging power devices – the phantom charge is blocked if you use strip of power and unplugging all those plugs which remain switched on for no use.

• Energy Efficient roofing – Colorado Roof Toppers recommend cool roofs to people looking to reduce a home’s cooling cost in the hot summer months.

Cutting down on entertainment

• Membership of the club – most of the times the clubs are not used by people as it is supposed to be so by cancelling the membership of the club saves a lot of money yearly.

• Cable bills and newspaper subscriptions – by reducing the number of channels you can pay less to the cable operator and by taking useful newspapers and few in number also cuts down the expenditure.

• Shun luxurious spending – expensive restaurants and expensive buying in a month has to be stopped as the money that goes on in plates and cutleries combined with brand shopping increases your expenditure.

How To Find A Venture Capitalist

Venture CapitalistAre you looking for some additional funding for your business? Well, venture capital investment seems to be really in vogue these days in place of traditional bank loans and there are many venture capitalist firma around. However, not all venture capitalists out there would be suitable for you and hence you have to be really careful while selecting the one for you.

Comparative study

The first thing to do here is to carry a comparative study among at least 4-6 potential venture capitalist firms in the market. Study about their market reputation and entrepreneur-client testimonials to understand the quality of their assistance. It’s advised to go for a seasoned venture capitalist firm since prolonged market existence speaks for authenticity & quality of service.

Adequate assets

Try to know about the asset resource of your chosen venture capitalist firm. This is to ensure that the firm is well-equipped to support your venture with sufficient financial backup. The point is more crucial when you are into a start-up business- if you are in initial stages of your venture you will need financial backup for several aspects such as marketing research, technology development, startup funding & then consequently first & second-stage funding.

Industry specialization

You must check out the industry specialization of the venture capitalist firm before you approach or sign up with them. Actually, today, most of the venture capitalist organizations prefer a specialized sector, based on their industry understanding. This helps them to fathom the prospects and growth of their investment. So, do not approach any venture capitalist firm which is not specialized in your business as by that you would be only wasting time & energy.

Business stage specialization

Some venture capitalist firms specialize in startup business while some are comfortable in assisting the business from mid-road. It’s important that you check out the business phase specialization of your chosen venture capitalist firm beforehand to ensure that you are getting help from the right & actually interested experts.

Beware of competitor investors

After you bump into a reliable venture capitalist firm interested in your industry and business stage, you have to check out their list of investments. Make sure that the firm does not help your direct competitors as there is a risk of you getting pressed by the capitalists for more business information which could be passed on to your competitors. In case, you have to settle with a VC firm working for your direct competitor, make sure not to reveal much about your business.