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Saving Money

5 Top Personal Finance Tips

Managing the finances is not an easy task. Many people think that they can simply outsource a task to someone else and be rest assured that they will get the desired return out of it. With this being said, one should be careful about the choices we make concerning Personal Finance. Remember that there are some points that can change the way we think about money and should be captain mind always. We have shortlisted specific points, and we hope it will help you in improving your financial management system at a personal level. 1. Financial calendar Creating a financial calendar will help you in ensuring that you do not spoil your credit report. You can make a note of the dates on which quarterly taxes are to be paid, and other loan amounts so that you do not miss out on anything. Remember that credit repair is not an easy process and you should try to get a clean chit in every case in order to maintain an ideal credit report.  2. Track your net worth If you have an idea about your current financial standing, it will be easy for you to incorporate the necessary things in your ...

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How Much Money Can You Save with BillSnip?

Saving money seems to be a hot topic these days. It’s written about frequently and many people are constantly searching for new and better ways to save. Although there’s nothing wrong with that, there’s a point when it becomes difficult to cut your budget any further so you can save more. Once that happens, you might think there’s nothing more you can do to increase your savings. However, what if you could make one more change that could increase your monthly savings and gain you some additional cash? Billsnip could be your answer. You may be wondering just how much money you can save with Billsnip. Below we will talk about how it works as well as what you could be saving. How to Save with Billsnip 1. Gather What You Owe If you have already trimmed your budget down I will assume you already have a good filing system in place for your bills. Therefore, in theory, you shouldn’t have much trouble gathering what you owe. However, if you tend to stack up invoices and statements rather than filing them, now is a good time to fix that problem. Separate what is owed from what isn’t. File what is paid. ...

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Strategies for Stretching Your Money and Making it Last

Today’s economy is not in the best shape and this has a lot of consumers worried about their money and their future. There is a good chance that you toss and turn each and every night, because you’re worried that you might get into serious trouble in the near future. To avoid potential problems, it is absolutely pertinent to make sure that you prepare for the future. There are numerous ways to make this happen. Below, you’ll find tips for keeping more money in your pocket at the end of each month. Spend Wisely First and foremost, you should go above and beyond to spend your money as wisely as possible. There are too many people that spend their money on items that are not necessities. If you do this, you can almost guarantee that you’re going to run into problems very quickly. To avoid such problems, it is in your best interest to only purchase necessities from month to month. Avoid overdoing it. Instead, you should pay your bills and then set the rest of the money aside. This will allow you to avoid running out of money and being forced to scrap by. Open A Centsible Savings Account ...

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4 Things to Rent Instead of Buy to Save Money

In the past, many people believed you should buy a home instead of renting it. The idea back then was that renting a place to live was the same as throwing your money away. However, if you were to buy a home instead, you were investing in something to sell later and get your money back, which ultimately saves money. But, depending on your individual circumstances, it doesn’t always make sense for everyone to buy a home. Why Renting May Be a Better Move Let’s say you are only going to be living in a place for a short time, say six months to a year, because your job requires frequent moves. In that case, renting is likely the more desirable option for you and would actually save money in the long run. Let me explain. Purchasing a home requires a down payment, as well as inspection fees, closing costs, and realtor fees. In addition, if you don’t have enough money to buy the home outright, you may need a loan. To make it worth paying all those fees, you would need to stay in your home for at least a couple of years to avoid losing money on the ...

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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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