Connect with us

Culture

Fixing Your Money Problems In 2018

Published

on

Unless you were born into riches, you’ve probably dealt with money problems. It can be overwhelming at times. You can’t seem to make enough money.  No matter how hard you work you can’t seem to get out of debt. The anxiety caused by not having wealth is a real problem, but it does not have to be.

A little bit of financial literacy, time, and sacrifice can be all you need to get out of debt in 2018.

Value Over Everything

Don’t buy a lower payment, buy value: One of the biggest mistake people make is their inability to live in the reality of how much they make. Instead, they live in what they believe they can afford each month. Buying something based on its monthly value is one of the main reasons people don’t understand the value of money.

In other words, if you buy a TV that costs $1100 but financing it at $50 per month on your credit card, by the time you have paid it off, you will have paid almost twice its worth and by then its value will be obsolete. The idea is to buy things you can afford and a wise way to know if you can or cannot is to use the “10x Rule.”

If it is an essential item and it is unlikely that you can live without it, then simply divide its cost into 10 payments and if you can afford to make those payments, not the advertised ones, then it might be the right purchase to make. The important thing is to commit to that larger payment rather than the minimum payment allowed.

Review Your Transactions

You accept reviews with everything else in your life, from product reviews and job reviews. So take the same time to review your transactions monthly.  A great practice by most people who have full control over their money is to look back at their previous month or year to understand their spending patterns. No matter how successful or bad the year was financial, it is important to understand how to improve the upcoming year.

Look back at your past credit card expenses and understand your wasteful spending for the year so that you don’t repeat the same mistakes. With this practice, you’ll also be able to ensure companies who automatically charge your account did not charge you extra or in error.

Don’t Buy What You Don’t Need

If you don’t need it, don’t buy it: Exercising self-control is key to reaching financial freedom. One of the common mistakes people make around money is the inability to resist the upgrade effect. If you don’t need a new phone, then don’t buy the latest phone. Focus your purchases of electronics and leisure items to the basics you need. By resisting upgrading one simple thing, you are also training yourself to not fall victim to the system and constantly be upgrading everything else that isn’t needed.

Separate Your Accounts

Use a separate credit card for your daily expenses: While you may not want to open another credit card account, it may be necessary to help you take control of your spending. Putting everything on your credit card enables you to keep track of your spending versus using cash.

The important part is to make sure the card is paid in full each and every month without exception while keeping an eye on the charges and spending. Plus you can also be getting points for your daily expenses, which result in cash back or free travel that can help with vacation costs and enable you to save even more.

There you have it, four simple steps to take in December of 2017 to help you prepare and conquer your own money in 2018. These will help you not only understand your money better, but rather help you always position yourself in a manner that ends up putting you in a better financial position.

Culture

Puma Promises To Donate Proceeds From Peace On Earth Shoes To Trayvon Martin Foundation

Published

on

Puma has decided to show their support for against gun violence with a new line of sneakers.

The company announced it will donate $5 dollars from each shoe sold from the Peace On Earth line to the Trayvon Martin Foundation.

The PUMA Clyde Court colorway features a feather white knit build with off-white accents. Grey is featured at the heel counter while a touch of jolly red can be found at the top eyelet.

The sneaker will release on December 20.

Continue Reading

Culture

Juicy J Backed Water Company Sells For $525 Million

Published

on

Juicy J is celebrating after his investment in Core Water brand has paid off.

The company has been acquired by Keurig Dr. Pepper for $525 million. The Oscar-winning artists commented on the deal via Instagram typing, “The best investment I made in my life.”

Wholesale sales for CORE were between $70 and $80 million, while retail sales were close to $200 million. KDP expects to reel in $90 million in tax benefits as part of the deal.

“KDP has been an outstanding partner for CORE and I am certain that, under its ownership, CORE will continue to see tremendous long-term success,” founder Lance Collins said in a press release. “I am a strong supporter of the KDP strategy and business model and am looking forward to being a shareholder in the company.”

 

Continue Reading

Culture

Drake Wins Lawsuit Over Woman’s False Rape And Pregnancy Claims

Published

on

Drake has won his lawsuit with the woman that made false pregnancy and rape allegations against him in 2017. Layla Lace met Drake during last year’s Boy Meets World Tour in Manchester, England, where he claimed they had consensual sex.

According to TMZ, Drizzy won his case and Lace is prohibited from using media to assert the claims. Manchester police also investigated, once Lace made the claims and could not find any evidence.

Drake claimed that when he stopped responding to subsequent messages, she allegedly began threatening to leak their correspondence, publicly claimed he had impregnated her, accused him of rape, and demanded “millions of dollars” in exchange for silence. Drake is reportedly suing for civil extortion, emotional distress, fraud, defamation, and abuse of process.

The suit claimed Layla refused to take a paternity test and Layla and her lawyer went radio silent. Drake says the whole thing was a scam … “There is no credible evidence of pregnancy, nor any baby, which would have been born last Fall.”

Celebrity attorney Larry Stein, who’s repping Drake, tells TMZ … “The filing made by Drake against Layla Lace has been resolved, with Layla avoiding going to trial by agreeing to a stipulated judgment which prohibits her from repeating past statements she made against Drake.  Drake and his team are satisfied with this outcome and while Drake appreciates the support he has received, he asks that his fans and the media allow both parties to move on with their lives”

Continue Reading

Popular

Copyright © 2017 Clutch Media Group.