5 Ways To Manage Your Money Better

5 Ways to Manage Your Money Better & Take Charge of Your Finances

Learn how to manage your moneyDo you put off making changes to better manage your money? If you have financial fears, does the prospect of financial planning seem next to impossible? If so, you’re not alone. Almost one half of Americans find this scary, and it doesn’t have to be.

There’s no need to postpone a much-needed review of your financial situation any longer. Getting your finances back on track and knowing where your hard-earned money is going, is not that difficult. Over 80% of Americans say that they would like to be in better control of their finances.

For that reason, we offer a simple checklist of five options that you can review to fit your specific personal circumstances. By following them, you will be well on your way to being in control of your money.

  • First and foremost, get rid of credit card debt. Many individuals are carrying several credit cards with high balances with high fees and very high interest rates. Many are only able to pay the minimum payments required, and in doing so, will be paying on those cards into old age.

Our first recommendation is to create a workable budget and stick to it. Debt retirement should be budgeted, and any extra money needs to be applied to your debt. If that doesn’t appeal to you, then obtain a debt consolidation loan to repay every credit card in full. Going forward, stop using your cards and don’t create any more debt.

  • Review all of your service providers. Look at all of your monthly expenses and see if its possible to lower them by switching to a competitor. This applies to auto insurance and your cable and Internet provider.

You’ll be surprised to see just how high a cable and Internet provider can get their bill up by those impossible to refuse offers you get from them. There are ways to cut that bill practically in half without much difficulty. As you try to manage your money better, this is one area to pay particular attention.

If you’re into apps, there are some that personal finance apps that allow you to track all expenses and even to save. We also suggest that you get a good budgeting software program to setup a budget and get your finances back on track.

  • Be prepared for tax season. There have been some major changes to the tax law and you need to review your various benefits to see if you still qualify for them. In the past, you were able to use your home equity line of credit interest as a deduction, no matter what the purpose of the loan was.

That no longer is true, and a deduction for this interest can be done only if the loan was used to improve the property or to acquire a residence. In addition, there no longer is a personal exemption deduction. File your return early, and if you get a refund, use it to retire debt.

  • Take advantage of retirement contributions. If your employer offers a 401(k), try to maximize your contribution. Often times, the employer will make a matching contribution, and this will help your retirement fund to grow even more.

It’s to your advantage to begin retirement contributions as early in life as possible in order that they will have a long time to grow. Continue to explore options that will have your retirement account well-funded.

  • Keep your APY high. There are many types of savings options that are better than a local bank savings account. The APY, or your annual percentage yield, can be much higher with some online savings institutions. Check them out carefully and see where you can benefit the most.

Don’t postpone this very important financial review. If you want to manage your money better, see where you need to make changes. By taking advantage of the five options in this article, you can be on your way in becoming debt free and taking control of your money.

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5 Tips to Save on Healthcare

Healthcare hints: 5 savings tips for budget-conscious consumers

5 tips to save on healthcare(BPT) – As Americans work hard to meet all the obligations that come with work, family and everyday life, many are challenged to find time to manage all the financial elements affecting their healthcare.

If you’re among them you’re far from alone, since the multiple details associated with healthcare insurance can be confusing. At the same time, you want to be smart about your financial resources when making decisions about the quality healthcare you and your family need.

Fortunately, by carving out time to research money-saving tips you may be able to minimize your out-of-pocket healthcare expenses. Such out-of-pocket spending rose by more than 50 percent between 2010 and 2017, The Atlantic recently reported, partly because half of all health insurance policyholders in the U.S. are dealing with annual deductibles of at least $1,000.

Whether you’re uninsured or simply facing a high insurance deductible, you can take several steps to better manage your healthcare budget. Consider how the following tips may offer you a better sense of control of rising View full post…

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How to Get Your Finances in Order

4 Things You Can Do To Learn How To Get Your Finances in Order

How to get your finances in orderAre you familiar with financial phrases like credit score, retirement savings, debt retirement, or account balances? If so, that’s great, you’re well on your way to learn how to get your finances in order.

If these phrases tend to cause a bit of anxiety, you’re not alone. About 75 % of the current millennial generation feel as you do, according to the National Endowment for Financial Education. This organization was founded in 1972 and is a non-profit 501 (c) (3) foundation with its primary purpose being to help Americans improve the quality of their lives by educating them with basic programs that teach one to make sound financial decisions.

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How to Get Rid of Debt

Do You Know How to Get Rid of Debt? – 10 Helpful Tips

See how to get rid of debtDo you know anyone who is living a debt free life? Do you want to live without the stress of meeting loan obligations every month? Read on and see how to get rid of debt once and for all.

Debt-free individuals usually share the following ten similar characteristics that enables them to live below their means. There’s nothing here that is so highly technical that prevents anyone else from copying.

  1. Start paying attention to details – As an example, if you don’t review your monthly credit card statement closely, there may be charges on there that shouldn’t be. Debt free individuals monitor their personal finances very carefully.

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How to Get Rid of Credit Card Debt

5 Ways on How to Get Rid of Credit Card Debt

See how to get rid of credit card debtEach month, when all of those dreaded statements come in for your charges to those plastic cards in your wallet, your card issuer usually lets you know that you don’t need to payoff the balance. “Just pay this minimum payment”, they tell you, and before you know it, you have a high outstanding balance. Now you begin to wonder how to get rid of credit card debt.

Unfortunately, now it’s not so easy. For some individuals, there may have been a good reason why they only paid the minimum payment each month. Problems such as unforeseen medical cost, or the family car passed away, or even loss of a job.

But for many others, it was just poor cash management. They didn’t have View full post…

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