Investing

Five Personal Finance Tips to Make the Most of Your Money

Financial worries are regularly reported to be the worst source of stress for adults, and stress can have a seriously negative affect on your mental health. But don’t worry, money is not as difficult to keep under control as you think it is. Here are five top tips for helping you make the most of your money for a stress-free life.   Know your income and expenditure This might seem quite basic, but you’d be amazed how many people aren’t actually sure how much of their income is expendable after tax, rent and utilities and how much they spend. A budget can help you get in control of your finances, and, most importantly, help you to see where you can afford to cut-down your spending. Maybe you don’t need to buy yourself a morning coffee every day? Or maybe your finances can motivate you to quit smoking? This might be the most crucial step, and it is very important that you consider everything when you are figuring out a budget. If you have internet banking, or access to your previous statements, use the past 3 months of expenditure as a basis. But, don’t forget all the seasonal, one-off costs, such [...]

Getting in control of your debt – a step by step guide

If you’re struggling with your finances, the idea of trying to get back into control might be one that fills you with dread. You’re not alone in your situation though, millions of people face debt problems and trying to get on top of them can be daunting. However, when you do – you’re virtually guaranteed to feel better. Knowing where to start is sometimes a problem – debt can be overwhelming. Follow our step by step guide and, usually in a matter of hours, you’ll start to feel better and have a more in depth understanding of where you stand.   Step 1. Do you need some support? Talking to companies about your debt can feel intimidating – people often feel like they’re going to be ‘told off’ or face harsh criticism when they talk to the organisations they owe money to. Firstly, we can reassure you – this isn’t going to be the case. It’s in no one’s interest for you to be spoken down to when you’re on the phone. Generally, organisations want an open line of communication between themselves and you, so being unkind isn’t the way to go. If you’re still a bit unsure, people like [...]

How to Grow Savings When Income is Low

Nowadays, it has become the norm for people to save for everything. It could be a new car, or it could be for a deposit for a new home. However, more and more people are finding the cost of living to be high, and with so many financial commitments to meet, it can be difficult to put money away for a rainy day. It can be difficult to save if income is low, but that doesn’t mean it’s impossible. Sure, there may be some changes you need to make along the way, but once you’ve tailored your budget in the right way, you should see your savings grow.   Don’t Underestimate Shopping Lists Whether we do our grocery shopping online, or in the store itself, there’s no denying that there is a slew of different offers that try to persuade us to part with our money. This is where having a shopping list can be helpful. Going shopping without a list can mean that we’re probably spending more than we need to when it comes to the shopping, money that could be better used towards something else. It can be a good idea to write a list of necessities which [...]

Great Benefits in Investing

Investment is an activity where you spend a certain amount of money to triple the amount whether in short or long period. Investment can be anything from buying stocks to being part of a business venture. Either way, investment is the reason why you can earn money, and there are a lot of benefits when you make investments. A lot of people would love to invest because of the benefits that they can get. Aside from that, you will not only improve your finances, but you will also get a chance to improve and build yourself to have better lives in the future. So why does one need to invest? There are many reasons why you should start one, and the following benefits are listed below.   • You continue to spend money When you are about to invest, then the benefit to it is you can still spend money, but this time rather than adding more items in your home or adding more bills to yourself, you are spending money to earn money. Which means you wouldn’t have to worry about saving because when it comes to the investment, you are spending to earn.   • You earn money [...]