Personal Financial Freedom – Sticking To Your Personal Financial Budget

To achieve financial freedom we must live within our means and be financially responsible. To be financially responsible we must track our income and expenses through our personal financial budget. The first step in personal financial freedom – living within your means – is done by tracking income and spending less than we bring in.

Keeping track of our income and expenses and preparing a personal financial budget is the easy part. The difficulty comes in sticking to our personal financial budget and continuing to track our finances often. For most people this is very difficult to do once they get caught up in the rush of life. In order to be successful we need to set up a planned time to keep our personal financial budget and income/expense tracking up to date.

Now, finally onto what this article is about. Today I want to give you readers some real life personal financial advising tips that will help you to stick to your personal financial budget and live within your means.

1) Be Organized- To be successful and succeed in our quest for financial freedom we all must be organized. Without being organized there is no way we can possibly track our income and expenses and stick to our personal financial budget.

2) Take control of your spending- US Citizens savings rate has dropped from 11% in the 1980’s to a negative savings rate today. This is clearly not the way to live within your means and achieve financial freedom. You need to take control of your spending and be sure to only spend money that you have. This means absolutely no credit card debit. Using a credit card is perfectly fine but only to the extent that you can pay off the full balance every month. As of today the average American has roughly $7500 in annual consumer debit. That averages out to over $600 per month. You must give up on the debit and begin to stick to your personal financial budget or you will not succeed in achieving financial freedom.

4) Setting Goals- Setting personal financial goals for your future is very important. If you can set future goals then it can help you stay on track today.

5) Cut any Unnecessary Expenses- To achieve personal financial freedom we need to live frugally today. Living frugally today will payoff and you will be much for financially free in the future. We all have a significant number of unnecessary expense that we can cut from our spending. All it takes is small things like packing a lunch for work instead of eating out.

Here are some more specific everyday tips for savings money:

1) Buy Store Brands When Possible

2) Don’t Eat Out So Often

3) Never Buy a Brand New Car

4) Use Coupons and Stock Up on Sale Items

I think you can see from this article that small savings is very important in achieving financial freedom and sticking to your Personal Financial Budget.

Personal financial freedom is a great thing to experience but it definitely takes sacrifice now so that you can have that financial freedom in the future.

Why Starve Your Needs When Payday Loans are there to Gratify Them

The long awaited paycheque is finally here. However, the reverie with the paycheque is not expected to last long, because of the various expenses yelling for their fulfilment. Having spent a major part of his income the individual is left with nothing or very less to tend even to the day-to-day expenses. Had fasting or some other ways of postponing the needs been of help, the individuals would have readily tried them. However, they rarely do help.

A more viable solution for these mid monthly blues are payday loans. Payday loans offer a solution to the problem. Instant cash is made available through payday loans to enable borrowers meet the needs.

Fast approval of payday loans:

It is often contended as to why people opt for payday loans when other loans can also be used. This is because the process of approval of other loans is long drawn as various valuations and checks are involved. Payday loans, being needed for urgent needs cannot do with the delay. Hence payday loans, that are approved in as little as 24 hours.

Payday loans are short-term loans that are repayable within the next payday. Since they are taken in order to meet the day-to-day expenses, the maximum amount lent is ¬£500. Payday loans are secured loans having the next month’s salary as the collateral.

Eligibility for payday loan:

Thus, it can be ascertained that employment is a prerequisite for the payday loans. Most lenders desire a borrower to be employed for a period of at least 90 days. An unemployed person may not qualify for the loan. Along with employment, the borrower will have to fulfil the following basic criteria for getting the payday loan:

o The salary or income received in any form must be deposited directly into the bank.

o The borrower must have a bank account.

o The borrower must have a chequebook or debit card.

The process of payday loans starts with the application by the borrower. With more and more lenders offering their services through internet, borrowers’ task has been eased. An application faxed to the lenders gets a much speedier response. The money is transferred to the borrowers’ bank account through wire transfer.

Types of payday loans:

There are various types of payday loans doing the rounds of the loans market nowadays. Some of them are as follows:

INSTANT PAYDAY LOAN

Some lenders term their payday loans as instant payday loans. In fact, payday loans are designed to offer fast cash. Thus terming ones product as an instant payday loan is like adding synonymous adjectives.

NO FAX PAYDAY LOAN

A no fax payday loan requires the borrower to have a higher credit score. A high credit score is seen as a higher credibility. The value of the property must be about two to three times of the annual income received by the borrower. The more is the value of the home, the more will the borrower be able to receive as payday loans.

ONLINE PAYDAY LOAN

Online Payday loans are the loans that are available through the internet. These loans are quickly approved to enable borrowers to have instant cash. Borrowers apply by filling the online application form available on the website of the loan providers.

However, the caution “think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on a mortgage or any other debt secured on it” must be strictly adhered to. A payday loan cannot be used every time a financial crises crops up. Large number of loans will require a larger repayment, thus making them difficult to be borne. A more judicious use of the monthly income and the habit of saving will help in improving the financial scenario to a large extent.

Money Transfer Advice For Security And Savings

With over 175 million people living outside of their country of origin, the growing usage of migrant workers and the continuation of globalisation the money transfer market looks set to continue its current growth levels of 10-12% per year. Currently the market is already worth over $250 billion with more and more companies organising new and innovative services for transferring money alongside some more traditional money transfer companies.

Some of the more well known money transfer companies are: iKobo, Western Union, ICICI, MoneyGram and E-gold. For newcomers to the money transfer market it can be a little overwhelming at first. There are a variety of methods that these companies use to transfer the money not to mention bank transfers and paper transfers. For this reason it is important to make an informed choice about who you are going to transfer your money with, it is far better to make an informed and safe judgment than to just use the first money transfer company that you come across.

Whilst we all want to get the best value for money transfer it is a good idea to remember that the cheapest option is not always the best option. With that in mind here are a few points worth bearing in mind whilst arranging your money transfer:

What exactly is the money transfer fee and how is it calculated?

What is the exact exchange rate that they are using?

How will the money actually get into the hands of my intended recipient?

How soon will the funds be made available?

Is it possible for the recipient to be able to collect the funds from different locations?

Are there any extra fees for using credit cards? Exactly how much will they come to?

If they are able to answer the above questions quickly and easily then the chances are the company are well organised and capable of transferring your money. However save your receipts – all signed documents are proof of the money transfer and would be useful if there was to be a dispute.

Furthermore here are a few more questions you may wish to ask the company:

If the money is not received by the specified time/date will I receive any compensation?

What rights do I have if this situation were to occur?

Does the recipient have to pay a fee as well?

What rights do I have if the money is not received at the promised time?

If the recipient is unable to pick up the money transfer for some reason, what is the refund policy?

What ID is acceptable for the recipient to provide in order to collect the money transfer?

Now of course having dealt with the safety concerns how about saving a bit of money as well. Here are a few top tips to consider:

Consider a delayed transaction. These are often significantly cheaper the only difference is the money transfer can take 2-3 days. This should not be a problem if there is no emergency.

Think about performing a direct bank to bank transfer although generally these are slower this can often save a considerable amount, consult your local bank for details of any particular bank codes that you may need.

Don’t forget to watch out for hidden exchange rate costs. This is often where the money transfer companies will make their money on you. They don’t always make it clear exactly how much they are charging and for what.

Be aware that different companies charge more money for sending to different locations so depending on your situation this could increase the fee dramatically.

Try not to use a credit card if possible as this may also add an extra charge for you as you will have to pay the cash advance fee. Furthermore try and find a company that offers a flat rate fee as opposed to a money transfer company that charges a percentage as this tends to be a better deal.

Finally, Check the newspaper or online for the latest rates and cross check them with what the company are offering you. You may find you are losing money compared to what you should be getting so don’t be afraid to find a new company if this is the case.

There are a lot of new companies starting all the time and a great variety of ways for you to transfer your money so make sure you check out all the competition to find the one that suits you most, your needs and your budget. So having considered all the above safety factors and money saving tips there is no reason for you not to be able to transfer your money in timely and cost-effective manner.

Financial Astrology & Your Success

Where do you suspect your money troubles come from your star sign? This may be true in many cases however, did you also know that you the why in which you were brought up also contributes to your money habits, such as what sun sign your guardians were to help encourage who you are today? Based on your astrological sun sign (for those well versed in Astrology your Rising sign as well) you may also want to look at the sun sign of the person who you feel has contributed towards your financial habits…take the good… and extract the bad onto your way of financial bliss!:

ARIES

(Mar 21 – April 20)

At Heart: Arians and money is a bad combination, as most live they live for the day and don’t think of the consequences. Arians are likely to have lied at some point to a loved one about their finances.

Financial Success:Arians are competitive… as friend, lover, or partner it may be best to “show them the money” or allow them to live by your example and they’ll soon learn the financial ropes that way. It’s not a good thing to dictate the numbers to these Rams if you want results. If you’re the Arian reading this…look over the shoulder of someone who knows what they’re doing!

TAURUS

(April 21 – May 21)

At Heart: Generally not as adventurous and stick with the same deals even if they aren’t the best rates. Therefore Taureans are more confident about the status of their credit rating.

Financial Success: Unless, you as a Taurean is looking to make more money, it would be best to live by the saying “If it ain’t broke, don’t fix it”. However, by not looking into competitive rates you may be doing yourself at a disadvantage by not keeping up with the best options as in some cases it’s forced some in the red. Make sure you review your accounts from time to time and be aware of new offers that businesses give in order to keep your business, as in the end you’ll become a very valued customer – thus receiving a “Star Rating”!

GEMINI

(May 22 – Jun 21)

At Heart: Good salesmanship! Excellent wheeler and dealer when it comes to finances. Could it be because they’re “other” half (the Gemini is a Twin Zodiac sign) is always helping them out? Gemini’s are always on the lookout and searching for the best deal in town. You’re not one to argue about cash.

Financial Success: Dear Gemini, you could have so much more if you were just a little more astringent about the money that did go through your hands! I know you can be generous at times but it would be helpful to your pocket if you helped others understand that you do not have an endless pot of gold!

CANCER

(Jun 22 – Jul 23)

At Heart: You look after your money as much as you have the huge ability to splurge! F.Y.I. You’re considered one of the biggest financial liars. However, for some reason you’re very believable as you always find a way to get back on top.

Financial Success: Save yourself from “you”. Open up a secure savings gaining the best interest rates that cannot be touched for at least a year. Keep multiple ways to invest your money by even investing in several small piggy banks around the house, as you’ll be less tempted to go to the bank. Your mantra is avoid ATM cards and anything to do withdrawing money. Have your automatic bill paying services already set up for you.

LEO

(Jul 24 – Aug 23)

At Heart: “King of the Jungle” that is…always expressing their good intentions…their “many” good intentions” eventually racking up the debts! The more they borrow, the more they spend as the clich√© goes. However, these lions aren’t all that bad as they do end up paying for what they set out for…it just takes a while as they go through the list of all those pricey “intentions”.

Financial Success: Leo’s you should do your research, stop and think about each purchase. Don’t think too long as they deals that you come up with aren’t always around for long. Why not share your new “intentions” with that of someone you trust to help you decide on what to invest or purchase before you’re broke, as a result. You can financially successful if you’re just wise in the choices you make.

VIRGO

(Aug 24 – Sept 23)

At Heart: Considered “thee” most meticulous sign of all the Zodiac signs, so it shouldn’t surprise you they Virgos are just the same with money – accounting for every penny. Most have a very good to excellent credit rating. Sometimes, they may miss out on taking advantage on opportunities for they’re worth as they can also be very cautious – thus missing out on more money making avenues.

Financial Success: How do you make something right into better and then perfect? You keep on polishing it! Virgo, you’ve taken risks before, the opportunities are still out there. You don’t have to put all you have into an investment, there are always ways to test the waters before you get the waves going. Since you won’t make too many financial mistakes it would be good for you to study up on financial investments as you’ll meticulously choose the best options!

LIBRA

(Sept 24 – Oct 23)

At Heart: All the Libra has to see is the sign that says “ON SALE” or “BUY THREE and GET ONE FREE”. Most Libras are swayed by attractive offers and jump into deals without looking. This can put a Libra into great debt. Granted a Libra will always make sure to have some of the nicest things money can buy for the money they have left to spend of course, but there has to be a “balance” with this zodiac sign if they want even more money to spend!

Financial Success: Take your time with each purchase, with each financial investment and read things over, and over and over and over again…then come back the NEXT day and do it all over again! As a Libra it’s best to invest one at a time and within time to make sure no one has pulled a “fast one” on you, and you’ll do fine.

SCORPIO

(Oct 24 – Nov 22)

At Heart: Wanting that “doggy in the window” is never an issue for that Scorpio cause it they want it bad enough – a Scorpio gets it! This even means if they have to seek out dozens of lenders before getting the right offer. This can become a problem if a Scorpio is in a joint venture with someone else…Furthermore, a Scorpio is also inclined to choose the top of the line item which only will add more salt to the financial wound.

Financial Success: The good news is that most Scorpios over time learn from their mishaps and tend not to relive them again. As a Scorpio you’ve a keen since of quality so most of you’re investments are well worth the money. However, it would be good practise to save up for that ticket item rather than investing in increasing your debt. Remember that thing called “Saving”? Do this and you won’t be so popular with the banks on the giving side anymore not to mention saving your relationships.

SAGITTARIUS

(Nov 23 – Dec 21)

At Heart: Hmmm… we all know that there’s nothing wrong with your sense of memory, so why did you forget…rather – ignore paying that bill? Because you’re considered one of the luckiest Zodiac signs of the chart you’ve an ability to always land on your feet with many or if not all your mishaps. This should not be an excuse to take, Lady Luck for granted. Sagittarius tend to be very happy go lucky with money and investments as well, which is why they tend to loose and gain as much as day and night.

Financial Success: “Control” is your mantra! If possible set up automatic payments via your bank, save your money from your self and “then” keep on living the way you live best. Life shouldn’t be about being uncomfortable and restriction is a not good place for you so learn to have what you don’t do best managed by someone who does so you may continue with the luck that the heavens have given you! Lastly, as a Sagittarian you are very trusting so from time to time know that not all carry your luck or can be trustworthy… check up on your manager to make sure they’re keeping on top of things from time to time.

CAPRICORN

(Dec 22 – Jan 20)

At Heart: You manage your financial accounts very well my dear Capricorn! You even look for the best deals…Most are proud of their credit rating and even have money saved for “Rainy Day”…and even a “Sunny Day”! So how can one almost so close to perfection need any type of advice? Oh yeah that’s right… live on a planet where there are so many others that we must interact with that DO NOT manage their money well thereby somehow trickling into the demise of your account handling!

Financial Success: Keep on doing what you’re doing by keeping your accounts tidy, secure and safe. Look into investing a little more than you’re accustomed to add revenue – which you’re so good at. Finally, learn that as “things happen” others will see your pot of gold and will naturally want some of it. Establish your limits and keep your mouth shut about what you have in the bank and I can assure you that it won’t decrease. You may at one point in your life be taken advantage with financially by those closest to you – (perhaps more than once)… so be on the look out and you’ll be fine. Why not show them how to manage their money so they never come back asking for yours!

AQUARIUS

(Jan 21 – Feb 19)

At Heart: One would say that there’s always a rumble in your financial department. There’s times you’re rolling in cash and then times you’re in the red – big time! Why is this? Uhhhh…. if you take the time to reflect on the past events causing this each time, you’ll see the answer right in the mirror! Since you can’t run away from yourself it’s not your surroundings, your family and friends to blame….it’s just you. This is not to say you are incapable of making money nor saving. It’s only to say that you’ve got to be careful with money more than most.

Financial Success: Take your time and think before spending. Can you really afford it? Do you really need it? Is it really worth the money? How much do you really know about what you want to purchase? Is it to appease everyone else? Be totally brutal in your decision making process when it comes to money and you’ll be on top. You do however, know how to spot a gem when you see it. Just make sure you can afford it first, moreover, you’ll be able to afford it if you don’t purchase other ticket items frivolously in the first place.

PISCES

(Feb 20 – March 20)

At Heart: Money issues are at the bottom of your agenda therefore it may appear that you let a lot of things slide. Be careful about this in regards to partnerships as the other half may think that you do not care resulting in misunderstandings. You enjoy action and tend not to be into the detail of that action therefore it’s only likely that it would appear that you let your financial matters slide.

Financial Success: Since it’s very likely that your money matters will involve a partner, why not have your partner or a financial advisor take care of your money matters and you handle the other details that the money is paying for? You a normally very good within your chosen trade so who wants to be bothered with that which isn’t your expertise – learn to give that to the financial experts and you’ll be much happier.