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Fixing Your Money Problems In 2018

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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.

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Thing You Can Do To Stop Wasting Money

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We are all guilty of compulsive spending from time to time. But at some point we need to really evaluate where our money is going and is it really worth us buying. Think about this the average American works 39.8 hours per week and pulls in an after-tax income of $52,330, the average bachelor works even more, and earns less: averaging 44.2 hours per week and making only $32,200 in after-tax income. 

Most people fall into the trap of spending the wages before they have it. They make plans but fall to save to accommodate their plans which leads us to burning our money on expenses we can leave without. First if you are one of those people, you need to stop and rethink your spending habits. Check out some of the tips below that can help you keep more money in your pocket.

1. Cable TV

Maybe you should cut cable TV from monthly bills. On average most households spend around $120 a month on cable. With the advent of Hulu, Netflix, Amazon Instant Video, video game shortcuts, Apple TV, and just about every major TV network posting shows online, there’s hardly a reason to splurge on a fancy DVR system or even basic cable–so long as you’re willing to be patient.

Most shows are added at least 24-hours after airing and some networks won’t give them up until eight days. And if your reason for keeping the cable is because you want to catch a football or basketball game on TV, going to a sports bar can take care of that itch.

2. Bank Fees

Banks clearly love to slap you with fees at the drop of a hat, but that doesn’t mean you’ve got to put up with it.

“Consider going with a credit union, which are better than banks in many ways, to avoid some of these fees,” says Andrew Schrage, founder of MoneyCrashers.com.

“If you travel abroad often, make sure you use credit cards without foreign transaction fees, otherwise you’ll be paying an extra 3% to 5% on all your purchases.”

3.  SmartPhones

Ok everybody has a smartphone and we are not telling you not to have one, but do you need the latest model. You can save up to $700 waiting to upgrade you phone instead buying a new one every 6 months because the color of the phone has changed.

“We have seen people making less than $1,000/month who are spending over $100 of that monthly on a cell phone,” he says. “Get an affordable plan and avoid the bells and whistles phones that can be used to upsell you to a higher data plan.”

4. Don’t Blow It All

Instead of spending your entire check on just one thing you really want, consider selling something you don’t use — say, that two-year-old iPhone sitting in your drawer — at Gazelle to get the extra cash and keep some money in your pocket.

5. Plan For Your Fun

Plan for you fun, instead of going out 3 nights a week and blowing your entertainment budget buying drinks. Think about if you went out to a bar and spent $50 on drinks a night, you would have spent $600 a month on drinks. If you did that for a year, you would have spent $7,200 on drinks. So instead of going out 3 nights, go out 1 night  a week.

Put away the rest of the money you would’ve spent on drinks and got on a vacation.

 

 

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Apple Planning Over Bringing $350 Billion To The American Economy

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Apple is the biggest company in the world and the company has decided to change directions. President Trump introduced a new tax plan that Apple plans to take full advantage of. Apple previously had over 97% of all of their cash outside of the US, now the company is planning to spend $350 billion in the US over the next 5 years.

Apple is now claiming its new investment back home will create 20,000 jobs, increasing their number of employees by nearly 25%, and build a new campus in an area where it has no operations currently. “We have a deep sense of responsibility to give back to our country and the people who help make our success possible,” Apple CEO Tim Cook explained.

Apple had long resisted returning to the U.S. its $265 billion in overseas funds because those holdings would be taxed at a rate of approximately 40%, Chief Executive Tim Cook told “60 Minutes.” Under the new tax law passed last month, however, Apple could face a one-time rate of 15.5% for bringing that wealth back to the U.S.

This is a big move and can ultimately encourage other major companies to follow suit.

 

VIA: NYTimes 

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Dragon Ball Z Inspired Yeezy’s Leaked

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It was rumored for months that Adidas was working on an exclusive Dragon Ball Z collabo. Now we have our first look at what we can expect in August when the shoes are released.

YeezyMafia have now unveiled what can be expected from the remaining sneakers as well as when they may be launching.

Pairs already previewed included the Adidas Yung-1 “Frieza,” an Adidas Prophere “Cell,”and an Adidas Kamanda “Majin Buu.”  The remaining pieces of the pack are the Adidas ZX 500 RM, Derrupt, Ultra Tech, and EQT Mid ADV. The releases (other than the EQT Mid ADV) appear to be coming in pairs referencing battles between the characters.

ZX 500 RM (BOOST) GOKU AUGUST 2018

A post shared by Yeezy Mafia (@yeezymafia) on

 

 

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