Your financial choices matter as much as anything you ever decide. A minor decision, like whether to get burgers or pizza for lunch, probably isn’t going to change your life dramatically. However, when you start making long-range financial decisions, you have to realize that a misstep can change your future in a profound way.
That’s why some people decide at a certain point that it’s time to contact and retain a financial advisor. When should you do it, though? No people are the same in this regard, but here are a few scenarios where you might decide to contact a financial advisor for the first time.Read more
Retirement seems like a distant goal. If you’ve made a habit of watching the financial markets, you may feel that retirement isn’t even possible at all. But with simple strategies, conscientious saving, and a few dares that pay off, these three ways to achieve early retirement will make it more possible to retire ahead of schedule.Read more
When you divorce, it’s likely one of the biggest challenges you face in your life. There are legal considerations during divorce, such as child custody and child support. There are things you have to think about, like where you’ll live following a divorce, and then you also have to think about how your financial situation might change.
Your financial situation after divorce can change for a variety of reasons.
For example, you may have a lot of legal fees to pay, or you could be paying a significant amount of your income in alimony or child support. You may have to transition to being a single-income home, whereas you were once used to two incomes.
If you’re facing financial challenges because of a divorce, how can you recover?Read more
Unlike with mutual funds, exchange-traded funds (ETFs) are readily tradable while the stock exchanges are open with live pricing. As such, on the surface, they appear to function in much the same way that stocks do.
Because of the accessibility and usefulness of ETFs in general, there are several ways of trading them using several different strategies. Some of these are for more advanced, experienced traders but there are also those best used by beginners. It is these latter options that we cover in this article to help people new to both investing and ETFs too.Read more
While no one wants to spend a lot of their time thinking about the end of their own life, if you want those that you love to be taken care of once you’re no longer here to look after them, it’s wise to start thinking about estate planning long before the need arises.
If this is something that you’ve been needing to get taken care of, here are three tips for preparing to start estate planning.
Think Of Your Family’s Life After You’re Gone
Because you’re here to financially and emotionally help your family and other loved ones now, it can sometimes be hard to imagine what needs your family will likely have when you’re not here to meet those needs for them. But if you want your loved ones to be comfortable long-term, you’ve got to try to think about what they’ll need when you’re gone.
According to Kay Bell, a contributor to NerdWallet.com, some of the things you’ll want to consider as you think about helping out your family once you’re no longer alive are how your life insurance might be put to use and who will be caring for your children or other family members that depend on you. As you plan your estate, you’ll want to try to make the best decisions in these areas so that everyone you care about will have what they need, both financially and emotionally, after you’ve passed on.
Know What You Want
In addition to thinking ahead to what your family’s needs will be, you’ll also need to think long and hard about what your own needs are. Without knowing these things, you can’t effectively create a plan for your estate, as you won’t have made the necessary decisions.
When deciding what you want to be done near the end of your life and after you have died, Consumer Reports advises that you not forget to think about creating advanced health directives for your doctors or loved ones to follow if you can no longer make medical decisions for yourself. So although it can be hard to think about things like this, try to imagine some possible scenarios and how you’d want your loved ones to proceed on your behalf.
Embrace List Making
Even after you’ve gone through the process of planning your estate, something you hadn’t thought about or planned for at the beginning will likely come up. So to ensure that you get this and any other items taken care of, Troy Segal, a contributor to Investopedia.com, advises that you keep a list of things that you’ll need to address or readdress with your current estate plan. This way, you won’t forget these important items next time you meet with your attorney or other estate planning assistant.
If you’re getting ready to do your estate planning for the first time, consider using the tips mentioned above to help you through this process.Read more
Not only can moving to a new place be incredibly stressful, but it can also be downright expensive. Despite how much you try to think ahead, there always seems to be extra expenses that you didn't anticipate.
If you're on a tight budget, you can find yourself pretty strapped for cash in no time fast during the moving process. However, with a little bit of luck and the right tips, you can keep your costs down. Take a look at some of the best ways to spend less when moving to a new place.
Make Price Comparisons
Before choosing a moving company, you should make sure that you shop around and do a comparison. Look for promotional deals or coupons that can save you some money. However, it's important to remember that you shouldn't sacrifice quality for price. At the end of the day, the moving company that you choose to transport your things will need to be careful. The last thing you want is to find yourself with damaged property because you chose the wrong people to go with.
Choose The Right Day
Some people forget that certain days of the year are much more complicated than others to move on. If you can, choose the right day for your move that isn't a holiday, or falls during a time when a lot of other people are moving too. The weekends are also something you should consider steering clear of.
In many cases, high demand days may mean moving trucks are higher priced and babysitters harder to come by. Don't forget that if you have kids and pets, you'll need to have somewhere to keep them while you're moving your belongings.
DIY What You Can
If you're not the kind of person to drive a moving truck, then that's okay. Plenty of people choose to outsource all of their moving tasks to someone else. However, if you can envision yourself doing it yourself, then you can save a considerable amount of money. Just be sure to practice driving the vehicle before getting on the highway in rush hour. With a little preparation on your part, you can drive like a professional mover in no time.
Enlist Your Friends
What are friends for, if not people to turn to when you move? Enlisting your friends to join your moving team is a great way to save a couple of bucks. Just make sure that you choose reliable friends to count on since it's not unheard of for people to pull out at the last minute when moving day comes.
Get Your Boxes From Recycle Bins
Rather than going to the store and paying top dollar for brand new cardboard boxes, visit your local grocery store or retail store. Ask if they have any left over boxes in their recycle bins. Usually, they are happy to let you dig through their pile of recycling to use whatever you need.Read more
Want some tips on frugal living to save money?
Let's face it: 2020 has been a challenging and uncertain year.
We all learned that a financial crisis could hit anytime if our finances are not planned properly. The pandemic is having an intense effect on household finances across the globe. A lot of people have been laid off or required to accept reduced hours on the job.
Living frugally is more paramount now than it has ever been in most of our lives. Frugal living is merely being cautious with your expenses and prioritizing spending on essential things. This does make an individual cheapskate, but makes them resourceful and living within means. Those who live a frugal lifestyle spend their money wisely.
In 2021, we should all implement a few frugal living methods, never to find ourselves in a tight monetary situation.Read more
Is the Euro stronger than the U.S. dollar?
The tussle between currencies is a well-known affair. Due to varying reasons, say economic boost, political shift, or any unforeseen circumstances, the currency of the nation witnesses a dip or arise. Investing capital in the Forex has always been in trend. With the accompanying risk, there's an enormous opportunity for growth and profit.
Amidst all the discussions and speculation, there has been a constant query or a point of curiosity that, despite the U.S. being a superpower has its currency undervalued than that of the European Union, though both are few of the strongest currencies across the globe. We are here to find the origin, journey, and the mystery behind this fact. So let's get down to the basics.Read more
The new-age currency, Bitcoin, and its predecessors including the advent of blockchain technology have the potential to transform the way we deliberate about currency, transactions, and online distinctiveness.
Back in 2009 when an anonymous individual under the name ‘Satoshi Nakamoto’ published the first proof of transaction using digital currency, the world was turned upside down. Here began the idea of Bitcoin technology and has been around and growing stronger every month, since then.
After this another form of currency was derived, smaller in size and less volatile than digital cash version; this was the Bitcoin Satoshi’s Vision (BSV) which was invented more recently in 2018. Although both their monetary policies may be similar there are many differences between these 2 forms of digital currency available to the public. Click here to find out more.Read more