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4 Ways Keeping Up with the Joneses Hurts Your Budget

4 Ways Keeping Up with the Joneses Hurts Your Budget

If you thought peer pressure ended once you graduated from high school, you are wrong. Peer pressure is around us every day in the guise of keeping up with the Joneses. It exists at work, where you may have a snobby coworker who brags about her new car or the hundredth new shirt she just bought but doesn’t even need. But, the pressure to measure up and keep up with the Joneses doesn’t end there either.  It’s also present among family members and friends who try to impress and outdo you every time the family gets together. Unfortunately all of this pressure can wreak havoc in your life if you aren’t careful. In fact, there are lots of ways keeping up with the Joneses can hurt your budget. Here’s how. 1. Makes You Spend More There are a lot of reasons you may try to keep up with the Joneses. One is because you may feel the need to fit in with your family, coworkers, or friends. Another is to avoid being ridiculed by others. A third reason could simply be your base competitive nature to “beat” someone else. None of the reasons really matter. The bottom line is that ...

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How to Use Bartering to Save Money

How to Use Bartering to Save Money

It’s been over a decade since one young Canadian man became somewhat famous for his ability to get a house for the price of a paper clip. How did he accomplish such a miraculous feet? He used bartering to trade up each transaction. If you aren’t familiar with the story, ABC news did a feature about it and it is quite an interesting story to read. When you first begin reading his story you may find yourself thinking that it must have taken hundreds of transactions for his to reach his goal. But in truth, it only took fourteen. What this amazing tale teaches us is that if you are budgeting you can use bartering to save money. 1. What is Your Goal The first step when you are bartering is to determine your final goal. A simplified example of this is a story my parents told me about the summer they put a new roof on our house. My parents were looking for a way to reroof the house and save money doing the work themselves. Once the job was complete, they hoped to be able to apply the money they saved toward a sprinkler system for our yard. ...

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Starting to Invest? What You Need to Know

When you are young, retirement seems a long way off. When people tell you that you need to save for those years, it’s easy to ignore the advice. After all, you do not have much money to start with, and you need to be able to live today. Why think about tomorrow? The truth is that you are not going to be able to rely on social security to help you out in the future. For many years more has been paid out in social security to retirees than has been acquired through taxation. A back up of reserves had been built up to cope with the increased demand, but this is due to run out by 2033. The simple truth is that if you want to be able to survive in retirement, you need to start investing now. But, how do you do it? Starting with the safe option If you are one of those people to whom saving and investing has been an alien concept, you may want to start by at least saving some of your income in a savings account. Dealing with a bank can seem like a less scary option than negotiating the world of ...

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How to Potentially Avoid Bankruptcy with the Help of United Debt Counselors

If your debt situation has become too overwhelming for you to manage, you might immediately consider bankruptcy as your first and only option. This, however, may not be the case. When it comes to managing debt, there may be a variety of options. Here are a few ways to potentially avoid bankruptcy and work towards a debt-free life with the help of United Debt Counselors. Make an Appointment If you’re reaching a breaking point with debt, the first thing to do is realize that you usually have options. Avoid feeling overwhelmed by realizing that there are steps you can take in an effort to improve your situation. If you are not interested in or do not qualify for bankruptcy protection, the first thing you can do in this situation is to sit down and call United Debt Counselors. Ask to be connected to a debt representative. Once you’re put through, you can speak openly and without fear of judgment about your debt situation. The company representative will then work with you to create a realistic settlement plan specific to your situation. Speak with a Local Representative The next step is to meet with one of United Debt Counselor’s nationwide field representatives. ...

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What’s Next for Amazon Stock After Its Acquisition of Whole Foods?

Amazon’s $13.7 billion acquisition of Whole Foods Market Inc. is its biggest-ever deal, which could have a huge impact on both the distribution sector and U.S. stock indices. The offered price for Whole Foods ($42 per share) was 27% higher than the stock price recorded the day before the deal was announced. In 2016, 43% of online purchases in the United States were made via Amazon, but the company has long sought to bolster its dominance of the e-commerce sector with a physical presence in bricks-and-mortar premises. Although some industry experts were surprised by the USD 14 billion purchase of the upscale chain, citing Whole Foods’ thin margins and sluggish growth, others point to the potential long-term benefits of acquiring food logistics expertise and to Amazon’s need to head off the threat of upstarts like Blue Apron. Amazon is also expected to use the Whole Foods network as something of a laboratory, as Amazon CFO Brian Olsavsky explained: “We believe there won’t be one solution, so we’re experimenting with a number of different formats, from physical pick-up points and Amazon Go to online ordering and delivery to your door through Prime Now and Amazon Fresh. We’ll see how customers respond. ...

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