Author: Steven Carter

Make your life easy with these 5 money management tricks

Make your life easy with these 5 money management tricks

Why do you think people who have accountants and financial consultants live a more stress free, easy life? It’s because they are safe in the knowledge that their money is being effectively managed.  Money is an important part of happiness today, if you know that your money is safe, you are financially independent and debt free you are bound to lead an easy, stress free life.  But how do you manage your money effectively?

Money management is all about exercising control. This article takes at look at some of these money management tricks that you can use.

·        Diversify Your Earning Avenues

You may be making hundreds and thousands of dollars from your job but that does not mean you should stick to one source of income. Sticking to one stream of income is dangerous. What will happen if the business decides it no longer needs you? How would you react to that? Do you have a backup plan? Money management is about having a backup plan. Diversifying your income will help you be less dependent on one source of income.

·        Plan for the Festivals

Festivals are for fun, they aren’t meant to be a burden on your finances but that is exactly what they can be if you don’t plan ahead. One aspect of financial management is about making sure that you plan ahead. Preempting the expenses that may be incurred in the future and making sure that money is saved up and allocated for it will help you keep a lid on issues of money management.

·        If you buy something Use It As long as it lasts

Understanding the worth of your money is important for matters of money management. Money spent should last, that should be your motto when you go out to spend. Don’t spend money just for the sake of it. It needs to fulfill a purpose. For example, if you go out to shop for furniture, make sure you buy something that lasts.

·        Use Cards Instead of Cash in Hand when you shop

Debits and credit cards are a better way to spend money than using cash in hand. With the later you are always at a risk of spending money that cannot be tracked. All the money that you spend should be recorded. Unless you are willing to write down your expenses each day, it is best if you use credit and debit cards for future expenses because they come with a list of expenses and withdrawals at the end of the month that help you keep track.

·        Use Money Management Applications

Managing money on your own can be a bit of a challenge. If you are looking to manage your money effectively you can make use of a number of different money management applications available on the internet. Some of the common applications that you can use include Mint, Spendee, etc.

These are some of the many money management tricks that you should make use of if you want to save yourself from a financial rut.

 

Top Tips on Finding the Best Travel Deals

Top Tips on Finding the Best Travel Deals

Savvy travelers understand that successful planning of a business trip or a vacation includes comparison shopping during both on and off seasons. Here are all the lesser known ways of traveling on a budget that nobody tells you.

The Repositioning Cruise

Cruise lines tend to move their ships region to region, depending on what the season is like. Instead of carrying an empty ship across the Pacific or the Atlantic, these cruises offer great discounts on repositioning cruises. These cruises cost a whole lot less than high season cruises, and this includes the entertainment and the food. If you don’t mind travelling to the places in your bucket list during off season, you will find that you can travel in less crowded cruises at cheaper rates without having to compromise on the travelling experience in any way.

Look Up Sites

There is tons of information available online about deals on travelling and staying in different places around the world. Search for hotel sites that are run by a network of hotels.  These are authentic, and have decent discounts for you. You might even like educational travel programs, or “voluntourism” groups.

You Don’t Have to Stay at a hotel

If you really want to save money, you should look into swapping houses. Think The Holiday minus the tears. You can swap vehicles with them too. Someone from where you are headed is probably looking to vacation near your residence, why not make it easier for them. This is not only economical but also a whole new adventure, one that both you and your wallet will like.

Go on a Group Trip

Majority of travel packages are priced for more than one person, take advantage of these. You can even avail the couples’ deals if you are travelling in even numbers. Most of the times deals for two are just slightly more than what you would encounter if you go by yourself. These deals can cut down your costs by half.

Follow the News

This is one clever way to scour for great deals. Usually destinations where the economy is not doing well or something else goes downhill are most likely the places where you will find great travel deals popping up. This is because people stay away from such places, but the tourism industry has to make do one way or another.

Do You Travel Often?

If you travel often, you may not realize it but your credit card spending may just be the deal you are looking for. Travel rewards are extremely lucrative. There are credit cards that offer 2 points for every dollar that you spend, imagine how much you would have accumulated over all this time. That may just be the deal for you.

Senior Discounts

If you are 55 years or older, you can use this to your advantage in landing discounted prices for your trip. Cruise lines offer senior discounts, and so do many hotel chains that advertise this heavily. You just have to keep an eye out for these deals.…

Why to Rely on Foreign-Direct Investments?

fdiIf you have enough funds in your hand and thinking to make some profitable investments, then you should choose foreign-direct investments. This is quite a popular form of investment as per the updated news of general finance. In fact, this kind of investment is one of the best means for maintaining investment portfolio in the most efficient manner. Your portfolio can get greater weight and value as a result of these investments. Sometimes, country’s progress is highly dependent on Foreign-direct investments.fdi-logo-11

In this case, your investments will go in foreign or overseas markets as a result of which you can get greater security in the long run. There are different methods that can help you to participate in these investments and you have to analyze the available methods so that the right one can be chosen. You can also get innumerable taxation benefits that can indirectly help you to save costs. Stocks and bonds are being included for making these kinds of investments and thus you can earn more.

What are the benefits of foreign-direct investments?

Economic condition can be effectively stimulated so that conductive environment can be effectively boosted up. Your portfolio can be well supported by means of foreign-direct investments.

International trade can be easily conducted and on the other hand you can get the scope of expanding your business by crossing international borders.

bmc-student-services-001-617x400This is really quite a booming stage for your business and this is the reason most businessmen invest more in foreign-direct investments.

Employment opportunities will grow in number along with acute economic boost-up. You can get the opportunity of forming new companies within targeted countries as a result of which employment options can be easily generated.

Higher tax incentives can be acquired and these incentives are required for maintaining financial stability of your business in a firm and effective manner. But for that the investments should be directed in few selective sectors like products, technology and other relates ones.finance_249338878

Resource transfer especially knowledge exchange is being allowed by means of this investment and this is really a greater advantage. In this way, resources can be utilized in an optimized manner and the reserve can be increased.

Increased productivity can be expected with these investments. Apart from the improvement of business’s financial condition, the financial condition of the country as a whole can be improved in this case. Workforce productivity can also be boosted up within targeted country.

Income increment is quite a splendid opportunity for all. National income can be increased as a result of which the workers can now enjoy higher wages. If the salary levels are increased then overall economic condition can be stabilized.

The resource of human capital can be now easily developed with foreign-direct investment. Both human capital and education can be balanced so that the country can prosper easily. Sometimes, education level of the country is also boosted up and this leads to the increase of the literacy percentage of the country.