As a college student or someone else that has recently become independent, it can be easy to blow all of your money on things like going out to eat or hitting up the clubs. Avoid doing this, and instead be financially responsible when handling your finances in order to avoid debt.
To get a better idea of what will happen to the markets you invest in, keep track of international news. Instead of ignoring global news, you should pay attention when trading currency. Knowing what is going on in the world helps you fine-tune your strategy and to make educated market predictions.
This is a time of considerable economic uncertainty, so it makes sense to save your money in several different places. Fund your savings account, maintain your checking as well, and diversify the rest between stocks, retirement accounts and, if possible, gold. Utilize all of these to help keep your financial position stable.
If you’re in a foreign country, eat where the locals eat. Your hotel restaurant, and any other restaurants in tourist areas, are likely to be way overpriced, so do some research and find out where the locals eat. This is a great way to find authentic food at a budget-friendly price.
Purchasing bulk lean protein allows you to conserve valuable time and money. Buying product in bulk is usually much cheaper if you actually use what you purchase. Besides saving money, you can also save time by cooking the meat you buy in bulk once a week to make meals all week long.
There are generally 90 day or year long warranties on products, so usually if something is going to go wrong, it will do in within that time period. Businesses makes a killing on extended warranties, and they don’t provide good value.
Typically owning two to four credit cards that you regularly use and pay off will help keep your credit score high. One card will not sufficiently build up your credit. Over four cards can drag your score down and be difficult to manage. Stick with two to three cards, and be mindful of how you use them in order to build a solid credit history.
With the economy in its present condition, putting savings into varied sources makes good sense. Savings accounts, high-interest savings accounts or checking accounts, regular checking accounts, money-market accounts, stocks and gold are all sound places to keep your money. Explore all your options to keep your hard-earned money safe.
If you’re currently married, make sure that the spouse that has the best credit is the one that applies for loans. If your credit is poor, take time to start building it up with a card that is regularly paid off. Once you both have a good credit score, you can both apply for loans and share your debt more evenly.
If you fly a lot, you may find it a worthy investment to enter a frequent flier program. A lot of credit card companies give rewards or discounted flight tickets to be redeemed from purchases for no additional charge. Your frequent flier miles will constantly increase and are redeemable at thousands of hotels or airlines across the world.
Usually, if a product has faults, you will notice it within 90s, which is the length of most warranties. Extended warranties are just a way for the business to make an extra buck, but they’ll rarely be worthwhile for the user.
Make a shopping list in tandem with your monthly budget so that you won’t end up going deeper and deeper into debt. These tools can help you live within your means. Keep these tips in mind to avoid debt collection calls.