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4 Ways The Internet Can Solve Your Cash Problems

June 12th, 2017 Posted in Entrepreneurship, Money Tips
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4 Ways The Internet Can Solve Your Cash Problems - dollars and phone image

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If the internet has done one thing it has ramped up our accessibility to extra cash, and who doesn’t want or need a little bit of extra cash. After all, we tend to be one dollar short of our bills at the end of each month for the simple fact that we all live to our means.

The reasons why we may want to make a little bit extra are almost infinite. It could be that we want to pay down debts before we get stung hard by the interest rates, perhaps an injury is keeping you out of work, your emergency fund was suddenly hit by a car maintenance job, or you want to put that little bit more into your retirement fund.

Whatever it is, we have done the due diligence for you and come up with the best ways to make money online and help you make that little bit more:

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Survey Taking

More and more people are using the increased demand for data to their advantage, namely by making money in their spare time. Seriously, the world has gone absolutely nuts for data, and businesses will do anything to better understand the average consumer, which is where you come in and, more crucially, where this list of paid surveys comes in. All you have to do is tick some boxes or answer questions, maybe even test a product or two and, voila, you can earn a little bit of extra money to go toward your debt repayments or whatever you are using it for. Simple and effective.

No-Risk Betting

It’s also called matched betting, and it is arguably the easiest way to make substantial money (without robbing a bank or a friend’s ISA). The way it works is relatively simple: you take advantage of those free bets you always see being offered by betting shops and then ‘matching’ them at an exchange. That’s what makes it risk-free. Twice over. Not only are you betting for free, you are also betting for and against a certain outcome. Big money to be made once you get the hang of it and, yes, it is totally legally before you ask.

You might also want to check out Betulator

Just Search The Web

Sometimes the simplest ideas are the best, and that certainly seems to be the case with Qmee’s idea, which has made making a little bit of extra money online almost as easy as breathing air. All you do is install the Qmee add-on to your web browser and then browse the web as you would normally. You just conduct a search and every so often, what will happen is, a sponsored result may appear with a cash reward attached to it. If you’re interested, well, click and collect. Yes, the rewards may be tiny, but for doing nothing new that’s a good deal, as is the fact you can cash out whenever. Yup. no minimum amount needed.

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Test Sites

So you know your way around the web, huh? Well, why not turn this into a nice little money spinner (maybe even go pro with it) and browse the web full-time. You think we’re joking, don’t you? We’re not, and UserTesting will support us. This is a new type of platform and what it does is allows people to review websites, loads of websites. It takes about 20 minutes to do a review and, in return, you’ll get $10 dropped into your PayPal account. That’s it. Simple.

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The Ultimate Guide To Spending Less

May 30th, 2017 Posted in learning about money, Money Tips
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Extracted from The Ultimate Guide To Spending Less: 117 Tips! by Klaus Nymand.

Are you the type of person who wants to save money but isn’t about that spreadsheet life? You don’t live for crunching numbers and you don’t need an in-depth course in personal finance. This guide to money saving tips is exactly what you’ve been hoping for.

Use this guide on how to save money to pick up savings tips you like and skim over the rest. There is something in here for everyone. Remember that the smallest change can yield big results over time.

1. Use The Envelope Budgeting Method

This method works best for cash stashers. You have to have some willpower or the ability to not rob Peter to pay Paul. Work out your monthly expenses and assign an envelope for each. Deposit the correct amount of cash in each envelope each pay period to equal the amount due at month’s end.

2. Segment Your Money In Multiple Bank Accounts

These days, most of us need our income available in digital form. We pay bills online and that’s a challenge with the envelope method above.

Luckily, you can accomplish the same end by opening a second checking account. This second account is your master envelope. Put all of the correct apportioned amounts into that account each pay period.

When it’s time to pay your bills, all of the money is ready to send out from that account.

Paypal has a great prepaid debit card that you can use for this purpose if you can’t or don’t want a new bank account.

3. How To Use Prepaid Cards To Budget

In fact, prepaid debit cards can really help with budgeting! For starters, there are no overdraft fees to drain your already strained finances. If you play your budget to the razor’s edge, a prepaid card will give you some peace of mind. Use them to pay bills and shop online.

4. Why You Should Keep An Allowance In Cash

If the methods above sound like too much work, reverse engineer it! Figure out what your weekly bill figure is. Leave that amount in your bank account and take cash as your spending money.

Of course, if you prefer your spending money on a card, grab a prepaid debit and load it with your weekly allowance.

5. How To Earn More With A Side Gig

Depending on your talents, you may find a side job is a great way to budget since it creates more money to work with. Websites like Fiverr, Upwork, and People Per Hour make it relatively easy to pick up some digital side work you can do from home. You can even monetize your photos through platforms like Pixabay.

The Penny Hoarder is a great resource for learning about potential side hustles. Just be sure to research anything you find there before you jump into it.

6. Leverage Rounding In Your Budget

If you have some room in your budget after bills, try rounding all of your bills up a few dollars. If your electric bill is generally $37.50 a month, stash around $40. This will slowly pad your bill account for emergencies.

7. Remember To Pay Yourself First

When money is tight it’s so easy to scramble to pay your bills and forget to set any aside for a rainy day. Whether you invest in a retirement account or keep a meager savings, putting your own savings at the top of your bill list helps you actually save.

This tip covers matching your employer’s contributions to your retirement accounts if you can.

8. Eliminate A Luxury On A Rotating Basis To Save

Think of this tip like financial Lent. You’re going to look at your debit account and see where you spend the most money on a luxury. Hopefully, there is more than one so you can rotate your cuts. If not, you can go a week on and a week off.

Once you see where you are spending extra money, abstain from those purchases for a week. When the week is over, add that bonus back in and remove something else.

This way you never feel too depressed about skimping to save money.

9. Choose Accounts That Work For You

Bank of America’s Keep The Change program rounds up every purchase using your debit card and deposits the change in your savings account. This is a brilliant way to save if your problem is actually setting money aside.

If you can’t swing that kind of increase in your spending, look for new accounts you can open that give cash with sign up. This may be actual cash or in the form of a gift card.

Many online banks provide higher interest rates to their customers to entice them to sign up. If you are paid through direct deposit you can open a high-interest checking account at a bank like Allied Bank and earn more interest than most standard accounts.

10. Try Micro-Investing

The Stash app and others like it capitalize on the popular trend of micro-investing. Users invest as little as $5 in fractional shares. Buy as often or as rarely as you like. You can also combine this tip with skipping a luxury and invest the cash instead.

In addition to Stash, Acorns and Clink work similarly but with slightly different features.

To read more of Klaus Nymand’s excellent money saving tips (there are 117 in all) please visit 

https://moneybanker.com/us/blog/ultimate-guide-to-spending-less-117-tips/

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Building a Firm Financial Foundation

May 30th, 2017 Posted in financial education, learning about money, Money Tips
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Effectively administering your personal finances encompasses broad responsibilities, ranging from everyday budgeting to long-range concerns, such as retirement planning and preparing for a child’s higher education expenses.  For the best results finding security and stability, individual money managers start with solid footing, building upon each favorable financial outcome.  Without a consistent base, on the other hand, individual finances are vulnerable to damage and distress.

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Building a sturdy financial base begins early in life, as young adults transition from dependency, carving-out their own financial territories.  And the process continues for a lifetime, calling on effective money managers to remain proactive shaping positive financial outcomes.  Consider the following concerns, at the heart of your financial stability:

Use Strong Credit References to Support Your Financial Health

From your first financial interactions, your behavior handling money lays the groundwork for credit references, which follow you for a lifetime.  By setting-off on the right foot, you not only establish short-term credit references, but early success also puts building blocks in place on which to raise a strong financial structure.

Although it is a representation of your actual credit behavior, your credit score ultimately takes on a life of its own.  Beginning with your first credit card, car note, or revolving store account, credit reporting agencies monitor your behavior making good on debts and managing money matters.  Successful financial outcomes boost your score, while inconsistencies reduce your strength of credit.  Each circumstance is judged according to its particulars, so it is hard to generalize about the impact of credit mistakes.  Suffice to say, however, it doesn’t take many missteps to undermine your credit strength, resulting in an uphill battle correcting deficiencies.  In addition to responsible use of credit opportunities, adopt these strategies to maintain credit integrity:

  • Always pay on time
  • Utilize various forms of credit
  • Close unused accounts
  • Check your credit score annually

Select the Right Financing for the Job

Various types of financing serve non-commercial borrowers, helping people fund everything from routine daily purchases to major, big-ticket buys.  Matching the correct loan or revolving account to your funding need can save money on the cost of purchases and reinforce your financial foundation.  Using equity financing to carry-off home improvements, for example, is a sensible approach to renovation.  While relying on a high-interest credit card to pay for residential upgrades may not be prudent.

Fortunately it is easier than ever to evaluate lender rates and terms, using online resources to compare and contrast borrowing alternatives.  Your credit history, income and employment status are important considerations when vetting financing alternatives, leading you to the most cost-effective solution for each funding need.

Build a Strong Financial IQ

When it comes to money matters, knowledge is empowering – in more ways than one.  Not only does financial understanding give you peace of mind, ensuring you are making the right moves, but a well-rounded financial IQ can also have a direct impact on your bottom line.  Building and reinforcing financial savvy protects your monetary interests and  whether or not you are mathematically inclined, general accounting principles are important tools for making the most of your financial resources.  Understanding how to balance your budget, for instance, is essential for long-term financial success, resulting in a sustainable flow of cash through your home.  And knowledge of fundamentals such as depreciation, dollar-cost averaging, and APR weigh heavily on your ability to effectively manage money.  For the most consistent financial outcomes possible, use your commitment to financial understanding to make informed decisions, without leaving money on the table.

Your financial security relies on a sturdy base and ongoing discipline managing money matters.  From a high credit score to a strong financial IQ, it is up to you to use all the tools at your disposal, building and preserving a solid financial foundation.

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Achieve Regular Financial Savings By Incorporating These Simple Tricks Into Your Life

May 22nd, 2017 Posted in Money Tips
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Achieve Regular Financial Savings By Incorporating These Simple Tricks Into Your Life - piggy bank image

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Regardless of your financial situation, wasting money is never advised. After all, you wouldn’t offer your business services to an employer or client for free. If you’re going to work so hard to maximize your earning potential, you’d be a fool not to do the same with your spending.

Of course, there are a variety of major life moments where you can save big by doing your research. However, mortgages and car purchases shouldn’t be your only concerns. Making positive steps in your daily life is just as vital. Here’s what you can do to unlock those savings to see your money last longer.

Become Eco-Friendly

Living a greener lifestyle has become a growing trend in modern society. However, the environment isn’t the only beneficiary. Simple ideas like cycling to work rather than driving or switching to LED light bulbs can soon start boosting your bank balance.

Likewise, improving home insulation and cutting down on household waste can work wonders for the cause. You might only save a few cents each day, but those small savings will soon add up. The fact that you’ll be living a better life in the process is only another incentive still.

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Look For Direct Money Savings

The best way to save money is to do literally spend less money on your purchases. Haggling might be a dying art that is now restricted to the big purchases. However, the internet has opened up the opportunity to take another tradition to the next level. Learn to research your options, and you’ll find the best deals in no time.

Price comparisons can be useful for many services. Meanwhile, using printable coupons could make a huge hole in your daily spending. From clothes to groceries, spending less money on those regular expenses will soon make a huge difference to your life. Do not underestimate it for a second.

Do Things Yourself

The DIY game is a longstanding idea that can allow you to complete home upgrades and various chores without breaking the bank. Once upon a time, you had to boast skills, ideas, and the right tools. Nowadays, virtually anyone with the right level of determination can achieve those goals.

Online tutorials can show you how to fix various home problems, as well as other issues. Meanwhile, upcycled fashion and furniture is becoming a bigger trend than ever too. When combined with suitable care to ensure that those items last longer, your financial situation will look far brighter.

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Quit Expensive Habits

We’re all guilty of wasting money in this life. This could manifest itself in a number of ways, including gambling and smoking. Learning to rid yourself of those habits that offer no real benefit can work wonders for your health as well as your wealth.

Those expensive habits could also include throwing items away when they could be sold. Your trash could be another man’s treasure. In turn, it could mean a few extra dollars in your pocket. Even if you sell $50 worth of goods each month, that’s one less bill to worry about.

 

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6 Great Tips When Moving House

May 19th, 2017 Posted in Money Tips
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6 Great Tips When Moving House - moving card

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Undoubtedly, one of the more stressful experiences we go through in life is moving house. To make your life easier, these are some of the things you need to consider before the big day.

Throw away things you don’t need

Now is the perfect time to declutter your house. To save on packing, get rid of those things you don’t need anymore. That magazine subscription you have collected for years? Ask yourself, how often do you flick through back copies. Still have toys that your children played with ten years ago? They probably aren’t collector’s items if they are covered in scuff marks. Get rid of them. Of course, you don’t need to throw unwanted items in the trash. Give them to charity shops so somebody else can make use of your once cherished possession.

Pack early

Packing takes time, and you will be amazed at what you have collected over the years. Begin with the rooms you don’t use frequently and start packing the items that are not needed on a daily basis. By starting to get ready early, you will be able to collect all the packaging you need for your precious items. Be sure to label them all as well, for easy access when you get to your new home. So what if you live in a house of boxes for a few days? It will only add to the excitement of your pending move.

Hire a removal company

You could just hire a van, or make a hundred trips back and forth in your car. However, you can save yourself a lot of work, and back breaking pain, by hiring the professionals to do it for you, for example, this London waste removal company.  Whether you are crossing over to the next town, or moving interstate, the cost of getting somebody to help you will cross one extra chore from your list.

Keep hold of the essentials

There are a few things you will always need to hand, so be sure to pack them in a separate container. There will be items necessary for the car journey, and on your arrival at your new home, so don’t give them to the removal men. Items such as the kettle, mugs, tea bags, bottled water, paper towels and toilet rolls, are just some of the things you might deem important.

Tell everybody

Unless you are planning on moving house in the shadow of night, so nobody can find you, it is probably a good idea to let your friends and neighbors know you are moving. They may be able to help you on the day you leave, and it would be good to exchange contact information so you can keep in touch. You could even ask a neighbor to keep an eye out on any mail you receive, so leave a forwarding address.

Stay positive

You may be feeling emotional at the prospect of leaving your home, but you can still take those memories with you. It’s time for a new start, keep it together and get ready for the next chapter.

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