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5 Best Uses for Your Next Pay Raise

pay raise

A pay raise doesn’t come to most of us very often, or at least not as often as we’d like. Some people don’t ever get a raise from their employers at all while others may receive a raise just large enough to cover the rising inflation rate if they’re lucky. As a result, when that rare occasion does happen, you may wonder, what is the best use for your next pay raise. Before we get to the end of the year, when some lucky employees may receive a pay raise, here are some ideas for how you can use that money to get ahead financially. Give Yourself a Small Splurge The first thing that comes to mind when you receive a pay raise might be rewarding yourself with something extravagant, and wildly expensive, that you want but would otherwise not necessarily purchase for yourself. This isn’t the best use of your money. Instead, splurge in a small way, such as an evening out with your spouse or significant other. By allowing yourself a small reward you still get the satisfaction of a little something extra without spending it all in one place. The leftover money can then be used more ...

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Expand Your Portfolio and Invest in Forex with XTrade

Anybody knows that a diversified portfolio is the safest way to secure your assets, no matter what age you are. You need to be sure your investments are spread across a wide range of items such as stocks, bonds, mutual funds, properties, and other tangible items. This is relevant no matter how much money you have: it doesn’t matter if your net worth is over $1 billion or an average couple hundred thousand dollars. Nowadays, there are other assets to consider besides the traditional investments that make up most people’s portfolios. One of those items is the currency market. For savvy traders, forex can be a great investment tool and a way to make money off of the capital they already have. If you don’t know what forex is, you should take the time to investigate this rapidly-growing industry. As access to the internet becomes more widespread and available across the globe, the number of forex traders is growing exponentially because traders are signing up to take advantage of what forex trading has to offer. Trading Forex With Regulated Brokers Like XTrade There are a number of different brokers to use when trading foreign currencies and it has become difficult ...

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Breaking Down Student Loan Options

Student loan options

The cost of education has increased dramatically over the past few decades, often forcing students and parents to consider taking out loans to pay for tuition, fees and room and board. While grants and scholarships are available, they may not cover the cost of a student’s final bill. Fortunately, there are several different types of student loan programs available. The eligibility for these programs, as well as loan terms, differ by program, so it’s important that students, and their families, do some research before making the decision to borrow. Student Loan Types Federal Direct Loans Previously known as “Stafford Loans,” the Direct Loans program provides loans to students based on need. There is no credit check required to apply for a direct loan There are two subtypes of direct loans available: Subsidized and unsubsidized. The government pays the accruing interests on a subsidized loan while the student is still in school. Unsubsidized loans begin to accrue interest as soon as they are disbursed. One major advantage to choosing federal direct loans is that there are several programs that can help borrowers manage repayment, particularly if the borrower is unemployed or doesn’t make a lot of money. These include the ability ...

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The Cost of Commuting: How to Save Thousands on Transportation

Today we have a guest post for you from a new blogger, The Early Retirement Engineer. Most people that set out on a money saving expedition invest untold hours into coupon clipping and bargain shopping. While these can indeed save a few bucks, what if there was a simple way to save thousands of dollars every year simply by questioning and reorganizing an aspect of modern society that everybody now takes for granted, transportation? Let’s begin with the average number of miles per person driven in the US every year, 14,000. How much money do each of those 14,000 miles cost you? Hint: it’s a lot more than just the cost of gas. Every year, the IRS calculates mileage reimbursement rates that, in theory, equate to the average cost of driving. Fuel comes to only around 30% of the total cost, dwarfed by the 45% in depreciation, and followed by 12% in insurance. In 2016, with fuel astonishingly inexpensive, the estimated cost of driving 1 mile is $0.54, meaning the average driver shells out $7,560 (and hundreds of hours) every year for the privilege of sitting in a climate-controlled box while spewing out carbon byproducts and smog. In a two-driver ...

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4 Red Flags Entrepreneurs Must Know to Avoid Financial Lending Scams

Every entrepreneur must be careful in trusting lenders or lending companies all the time. It is better to ensure your business’ safety than be sorry in the end simply because of believing dishonest people. You have to first research thoroughly about the company where you plan to borrow money and make sure everything is legitimate. There are numerous lending companies out there that offer business owners a comprehensive funding service. However, it is your responsibility as an entrepreneur to know if these are licit or not. You must take your time in finding out if a certain company operates legitimately or is a credible one. Since there are a lot of business-related scams that are happening everywhere these days, you really need to be extra cautious and never give your trust easily to anyone. Apparently, there are still reputable companies out there, like Kikka, which offer legit business finance services. All you have to do is to verify the company, check each information provided in their website, and meet them personally. More so, take a look at the following red flags of a business loan scam to avoid any fraudulent operations: Up front fees A sure fire way to know ...

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