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Category: Money

  • Saving money: Tips for more money at the end of the month

    Saving money: Tips for more money at the end of the month

    For the money saving tips you need to be strategic in every possible manner. You need to be specific when addressing the entire process of work.

    The view of the balance at the end of the month causes discomfort for many people, because often than just the money reserves are drawing to a close. We’ll tell you how to save more money so you can check your balance without worries.

    How you can save money

    Everybody has a wish that he would like to fulfill in good time. What are often missing is time and the necessary financial reserves. Here’s how to plan your time better. How you can save money, you can find out below.

    There are many areas where you can save money. In some cases, there are small amounts; in other cases you can save several hundred euros over months. Small changes seem hardly worthwhile at first. But if you count the savings together for months, the change has paid off. It will be even more rewarding if you change many little things. After a year you will notice how your savings add up and you get a financial buffer.

    The smallest changes can do a lot. Your quality of life will not suffer from these changes. When you realize what you can do with your savings, you realize that you can even improve your standard of living. You could for example:

    • Pay off your debts
    • Go off on holiday
    • To fulfill a long-cherished wish
    • Give a present to your sweetheart

    So you can go through life carefree, make yourself and your loved ones happy. It will give you more pleasure to spend your money on these things than to waste nothing for the entire month. Saving money also ensures that you live more consciously and think about your consumption. For the money saving tips the followings are also important.

    Saving money in the household & in everyday life

    In the household, there are some things that you can keep in mind to save money permanently. Many changes you will not notice, others are fast becoming routine. What you’ll notice are the positive changes in your wallet.

    But only in the household, but also in the normal everyday life, you can save a lot of money. If you notice a few simple things and consciously consume them, you can relieve your wallet.

    Change supplier

    If you want to start saving money, it’s worth looking first at your ongoing contracts. These include electricity and gas providers and your DSL tariff. Compare the contribution you pay to other offers. If these are cheaper, you should change providers as soon as possible to avoid losing more money.

    Save money with free checking account

    Many people have had the same account at “their” branch bank for decades – and pay unnecessary fees for account management and wire transfers, which are not charged by direct banks without thousands of costly branches. There is enormous potential for savings here, which is only associated with a small one-off effort – registration with the new bank, changes to direct debits and permanently brings enormous savings without compromising on comfort.

    When selecting a direct bank, the availability of free pick-up options should be ensured. If you have to pay high fees for every purchase of cash, the apparent cost advantage of direct banks over branch banks can quickly turn around.

    Affordable insure with direct insurance

    Similar to utilities and the bank account, many people are still stuck in old and expensive contracts with vendors with a costly network of branches and agents who pay dearly for contracts. The change to a direct insurer promises here beside cost savings of fast several hundred euro in the month also a large comfort plus, because with inquiries and in the insurance case the solution is often only a mouse click or a short telephone call away.

    Save money with cheaper credit

    If the end of the money is still a lot of month left or unplanned expensive purchase pending, your account balance will slip into the downside. The result: expensive overdraft interest.

    If you have a larger spend, or you want to balance the checking account and avoid the excessive interest rates, there are two recommended ways to save money for different needs.

    Reduce power consumption

    In the household you need a few large devices that can eat a lot of electricity. These include dishwasher, fridge, freezer and washing machine. They can already account for one fifth of the total electricity consumption. With some tricks you can reduce the power consumption of these devices.

    In addition, you can make sure that you turn off some devices completely and does not leave in standby mode. For this you pull the plug the best. It also offers connectors with integrated switch, with which you can easily remove devices with a push of a button power. This is useful, for example, in televisions, coffee machines, dryers and washing machines.

    There are many small things that you can change to reduce power consumption. If you switch to LED energy-saving lamps, you can already lower your electricity bill by a few percent. It is also effective if you think about your consumption. Many people tend to use multiple electronic devices at the same time. While the TV is on, they are surfing the internet. The TV often works casually without anyone paying attention to the program. If you only turn it on, if you want to actively watch a show, or even think about your general television consumption, you can lower your electricity bill.

  • Slow steps to be a millionaire

    Slow steps to be a millionaire

    Being a millionaire is probably the great dream of many and, although achieving it is not something that happens overnight. It is incorrect to think that this is impossible, especially if good habits are acquired.

    Money is not everything. Maybe for you the money is almost at the end of the list. Everyone has their own definition of success. Everyone has to confess that money did matter to them at some point in time in their life.

    In most cases, there are people who want to achieve wealth:

    • In fast mode that is to say quickly
    • In lazy mode that is to say without working
    • And finally as many of to become rich without money, without input or from nothing.

    Starting from these questions above, yes it is possible to become rich quickly, without working and also starting from scratch. But everything depends on what you have in your head. But one must understand one thing above all else, you cannot get rich without doing anything, it is virtually impossible. The rise to riches requires sacrifices that many cannot do.

    Reason why many are not rich

    All of us want to enjoy a good holiday, travel, buy beautiful cars, new phones, get dressed, and visit the most expensive restaurants and hotels. But in reality, we do not have the means to take advantage of all these needs. So quickly, to satisfy our needs we do not hesitate to get into debt. As you read above, one is not getting rich by going into debt. Paying off one’s debts is one of the steps towards wealth. And if you were asked the question, what does it mean to become rich?

    Having $ 3000 each end of the month can be a source of wealth for someone to qualify among the rich, while the other is only a pocket money. It is only from this illustration that you can understand that being rich has absolutely nothing to do with the amount of money that one can have, but on the contrary it is in the investment that we discover to be rich. And on the other hand, the definition of becoming rich has been much more about being a millionaire. While some once he starts winning 3 or 4 times what he earned automatically rises to the rank of the rich. And the more one wants to become a millionaire. One loses one’s concentration of becoming rich, because there is an amount that determines our effort.

    We will discuss about the kind of things should you do to increase your chances of joining the club of millionaires.

    1. Stop obsessing with money

    Discover if what you do distracts you from the things that would really help you grow your fortune. Change your perspective. You should see money not as your main goal but as a result of doing things well.

    1. See making money as a way to do more things.

    In general there are two types of people:

    1. One does things because he wants to earn money. The more things you make the more money you will have. It does not matter much about your product or service; they will do whatever it is while customers pay you.
    2. The other wants to make money because this will allow them to do more things. They seek to improve their product and extend line. They want to create another book, song or movie. They love what they do and see earning money as a way of doing more than they love.

    Although it is possible to find a product that everyone wants and you become rich when selling that product, many successful entrepreneurs evolve and grow when they earn money and reinvest it in an incessant search for excellence.

    1. Resort to loans only if that help you win: Golden Rule.

    Never borrow money that will not help you earn more. Consider what will be the final profit you will get thanks to the money you will borrow and consider if this will be sufficient not only to pay the loan back, but to continue producing money in the future.

    1. Treat the work as a friend

    Although it seems logical, it is necessary to emphasize that work is our main source of income. Do not take your position for granted and treat it as the best of your friends: spend a lot of time with it, do not ignore it and, of course, do not abandon it. A millionaire is not done from one moment to the next, much less with a bad attitude towards work.

    1. Open different ways of income

    Do not concentrate only on one source of income. Consider acquiring a second part-time job, start a small business or rent all your belongings, this will help you increase your monthly earnings much faster.

    1. Invest in yourself

    Every good millionaire knows that his main generator of capital is himself. Therefore, it is important that you invest in your education and allow yourself to constantly acquire new knowledge through trips, courses, workshops and specialties that help you learn how to grow your money.

    Conclusion: Set goals, create routines that support those goals and make a record of your progress. Fix what does not work. Improve and repeat what works. Seek to be better than you were yesterday. Soon you will be good, then you will be excellent and one day you will be the best. The day will come when, without you noticing, you are a millionaire, if that kind of thing interests you.

  • Some mental tricks which helps in Money Saving

    Some mental tricks which helps in Money Saving

    The biggest barrier between saving and spending is probably comfort. It is difficult to reject something that we can enjoy at the moment because of something we will obtain in the distant future.

    Saving money is not a simple task: it is difficult to think in the long term to resist the temptations of the moment. However, fortunately we can trick our brain to do so. We bring you the 10 best mental tricks to save more and spend less.

    Let’s see what some of the best are:

    • Do not give up things, enjoy them more: Instead of thinking that you will have to give up eating at your favorite restaurant every week, think about how much you will enjoy it when you do it once a month. Psychologically it will be much easier to think that you are not giving up something, but enjoying it more.
    • The brake or accelerator method: A popular method is to imagine yourself inside a vehicle every time you make a financial decision: depending on what you decide you will be stepping on the brake or the accelerator. It depends on you how quickly you want to reach your destination.
    • Try the technique of the “unknown”: Every time you go to buy something imagine that a stranger gives you the option to choose between the product and the money that is worth that product. What would you choose? If you would opt for the money, you already have it in your pocket.
    • Impose the rule of 3 days: The technique consists of always giving you a few days to think between the moment you set out to buy a product, and the time to do it. Maybe during that period you realize that it was not so necessary.
    • Involve another person in your savings plan: Have a savings partner. Both you must share your financial goals and the plan to achieve them. Once a week you will meet to tell your progress. If you feel the support – and pressure – of another person you will be more likely to keep your word.
    • Try the technique of false rewards: This technique may be somewhat peculiar to you, but there are people to whom it works. Every time you buy something, imagine someone telling you that they will give you 3 euros if you do not. The mere fact of stopping to think can make you realize that you do not need to buy it as much as you think.
    • Put a photo in your portfolio that reminds you of your financial goal: Visual images have more impact on our brain. Keep a photo that reminds you of your goal in the portfolio, every time you go to pay something you will see it and ask yourself: what is more worth it?
    • Cover up your credit card: Put a physical barrier between you and your card by wrapping it. You can draw pictures of your goal or write down notes to remind you that it is only for emergency use.
    • Use the emergency test when you go shopping: To avoid wasting money on clothes before buying a garment, ask yourself if you would put it right out of the dressing room. If the answer is negative, it may not make you so excited.
    • Write down your savings goals: Studies show that people who write down their goals are more likely to achieve them. Write down your financial goals and take them with you when you feel tempted to spend.

    Other than these mental tricks there are some wise practices which while implemented in our daily life help in money saving:

    1. Write a list of all the things you want to fulfill. Dreams, goals and specific objectives such as paying your credit cards, a trip to Europe, buying the new Smartphone or a new computer, paying the initial of a house, etc.
    1. Make sure your goals are realistic and prioritize each of your savings goals. This helps reduce frustrations and escalate aspirations.
    1. Once the goals and the priority of each of them have been established over time, determine the amount of money you need for each one.
    2. Now make a list of all your monthly and annual expenses. If you already work with a budget, it will be easier to know how much money you have.
    3. After having your accounts clear, decide an amount to save money and for how long you will have to save that amount to achieve each of your objectives.
    4. Set a fixed monthly fee to save. The minimum recommended is to save 10% per month of your income. You can add up all the expenses to identify how much you spend in this category and start saving it instead of wasting money on small and unnecessary purchases.
    5. Consider saving money as a fixed monthly obligation, which is as important as the payment of basic services or rent. In this way you convert savings into a commitment and not an option, guaranteeing the fulfillment of your goals.
    6. One of the best tricks to save is to not use these funds for purposes other than the one that was established. Do not stop fulfilling any of your monthly payments and take care of the money you have saved. The best way to achieve this is with a budget.
    1. Finally, choose a means of formal savings. A savings account in the bank is the best option, this not only gives you the opportunity to save safely, but you can also get a return on the money saved with interest.

    Conclusion: Most people believe that money should be saved only when “left over”; They believe that they should wait to earn more money, get out of debt or get a better job to start saving, but to acquire the habit of saving, you just need to organize and have clear goals.

     

  • Make your First Million Dollars With These Experts Tips

    Make your First Million Dollars With These Experts Tips

    Want to be a millionaire? You are not alone. Everybody wants to be a millionaire or multimillionaire or billionaire. Does being a millionaire means you need to be one of those successful entrepreneurs or born rich? The answer is no.

    Money is important for so many reasons and dreaming of making million dollars isn’t a farfetched dream anymore. The good news is anyone can be a millionaire without building a business empire or suing someone. Sure it is going to take some time, but it will be worth it. At least making your first million dollars is possible with simple efforts that won’t require quitting your job. In this article, you will find tips and tricks on how to make first million dollars.

    Here are the tips on making your first million dollars:

    1. Develop the Mindset

    The first step towards becoming a millionaire is to develop the mindset of a millionaire. Couple of decades back having one million dollar was a huge thing. It meant you could buy a house and live luxuriously. You can no longer do that with just $100,000. Today, those one million dollars is standard amount for a comfortable retirement, which will also cover your medical expenses. So, you could say that it’s easier to make one million dollar now. First, you need to psyche-up for the task, which is to think like a millionaire.

    1. Make a Commitment

    It is essential to stay on track. For staying on your path, you will need to make a commitment to yourself. It is a good idea if you share your goals with others, which will hold you accountable and will constantly remind you of your goal. On the other hand, it can be disadvantage and might make you feel compelled. Not everyone can deal with pressure and expectations. In such case it would be better if you keep your goal of becoming a millionaire to yourself.

    Make a commitment that is effective like putting it in your diary or in your prayers. Anything that gets you going is good. You can ask someone specific in your relation to help you out.

    1. Take Responsibility Of Your Personal Finances

    Many people don’t check their bank accounts and statements regularly. This is not a very healthy habit. If you want to become a millionaire before you die, you need to know how much you have. It is essential to know where you stand financially so that you can keep track of your finances. Take control of your finances even if it means asking your spouse to share the information of the daily expenditure. Make sure that you know where your money is going.

    Here is what you can do:

    • Make a list of all your expenses both essential and luxury
    • Make a list of things you need
    • Make a list of things you don’t need, but have been spending money on it
    • Make a budget and keep record of the expenses

    This will help you in keeping tabs on your finances so that you can create a healthy habit.

    1. Save as Much as You can

    You might not believe it but saving for a long time will help you achieve your goal of how to make first million dollars. You might achieve this target even before you expect. Start saving now, no matter at what stage of life you are in. If you think 20s is too early, you are wrong. The earlier you start the better. Save as much as you can. In the previous point, once you have determined the unnecessary expenses, it will become easier for you to save more.

    1. Increase your Retirement Fund Contribution

    Starting a retirement fund is one of the best ways to work towards your goal. While you may want to take advantage of the 401(k) retirement plan where your employer too contributes, it is advisable that you save extra. Contribute as much as you can. In the end you are the one who is going to benefit from it. Moreover, your extra contribution will speed up the process of how to make first million dollars.

    1. Invest and Grow

    Saving is not the only safest way to making more money. Instead of keeping your investment lying idle in the account, you can put them into good use and reap the benefits later. For instance, mutual funds have become a very popular investment plan for many people. It is flexible, reliable, transparent and tax-efficient. Investing in schemes like mutual funds and stocks are one of the best alternatives to making more money for building a one million dollar fund.

    Conclusion

    You can make your first million dollars with little efforts every day. You don’t have to be a big entrepreneur or work in a big company or inherit a large amount to be a millionaire. You can build this wealth on your own with these simple and easy to follow tips.

  • Splitting the Risk: 5 Clever Ways to Store Your Money Without Having to Worry About Thieves

    Splitting the Risk: 5 Clever Ways to Store Your Money Without Having to Worry About Thieves

    It’s amazing how easy most things are today. If you want to buy anything, you can do it from the touchscreen on your phone with the click of a button. If you want to know how to solve a detailed math problem, you can ask Alexa or search Google. And if you want to steal someone’s identity, you just have to know how to hack into their personal information.

    Sadly, this happens all too often, making a lot of people gun shy about using the web at all for financial transactions, and making them nervous about keeping their money anywhere but in their own hands.

    It’s actually a smart move if you do it right, but you don’t have to stuff your cash under your mattress to store your money. Here are 5 clever ways you can stockpile your money without worrying about it being stolen.

    5 Clever Ways to Save Your Money and Avoid Thieves

    1. Find a creative place to store your cash. Leaving your money in a cookie jar, drawer, or under your mattress is just screaming for any would-be burglar to walk off with it. Instead, if you prefer keeping your cash on hand, find a place to store it that would take time and logic (neither of which most thieves have) to find.
    Some ideas are to use a freezer bag and store it behind all of your frozen food, in an old jacket pocket squeezed in with all of your other clothes, or inside a book stashed in your bookshelf.

    2. Make your home less of a target. Thieves can be pretty smart. They know which neighborhoods to canvas and when your garbage days are. With these two ideas in mind, potential burglars will head up and down streets to see who has recently purchased a hot new item and tossed the evidence in their trash cans.

    Avoid telling anyone who drives by that you just bought a brand new computer or state-of-the-art television by recycling the boxes at your local recycling dumpster or plant. Keep your curtains drawn if anyone who walks by can see the expensive furniture and electronics you have inside. In short, don’t make yourself a target if you are storing cash in your house.

    3. Avoid taking out big loans that leave you with a lot of cash on hand. If part of the reason you have this concern in the first place is that you need a lot of money for something, but you aren’t going to use it right Find a creative place to store your cash. Leaving your money in a cookie jar, drawer, or under your mattress is just screaming for any would-be burglar to walk off with it. Instead, if you prefer keeping your cash on hand, find a place to store it that would take time and logic (neither of which most thieves have) to find.away, consider your options in terms of loans.
    Instead of taking out a lump sum loan that leaves you with high monthly payments on money you haven’t even spent yet, you may be better off obtaining a line of credit rather than an installment loan. You can check out sites like loanreviewhq.com/ to see if you qualify and what the details are.

    4. Install a security camera. While a camera isn’t going to do much to keep your cash from disappearing if there is a really determined thief, it goes a long way in deterring most of them. Plus, effective security cameras may catch the person who broke into your home, and although you may not get your cash back, you will at least be able to put the perpetrator behind bars.
    Don’t keep all your eggs in one basket. In other words, don’t store all of your cash in one creative place. Instead of putting all of your money in the really cool book hiding place, split it up amongst multiple unique storage spots. The odds of a thief finding all of them is slim to none.

    Plan Ahead: Be Smart With Your Cash

    If you choose to keep your cash on hand because you want to outsmart the technology thieves, don’t become a target for normal, everyday burglars. Plan ahead and use these five strategies to keep your cash safe.

  • Best Currency Conversion Apps For Constantly Staying Updated on Currency Changes

    Best Currency Conversion Apps For Constantly Staying Updated on Currency Changes

    If you often different currencies than just the one found in your country, you know how important it is to stay updated with the latest currency trends. I know googling currency conversions once doesn’t take a lot of time. But if you need it on a more daily basis, if you travel often, for example, it can be quite time-consuming to browse every time. I personally prefer using apps as they basically bring everything you need in one neat package. As every app is a bit different I decided to google for great currency converter apps and after just a couple of minutes, I stumbled upon this list I found quite useful.

    Best 10 Apps For Exchanging Money by AppGrooves

    Although it says apps for exchanging money, they are currency converter apps and some of them have the option to exchange money as well, which is quite useful. So, I picked my favorite 3 and decided to review them in hopes of making your search a bit easier.

    Currency Converter – A Basic App That Does Everything

    I think the app’s name says it all, it converts currencies. I prefer apps that have a more “creative” name, but it’s definitely not a deal breaker. A great thing about Currency Converter is that it’s a simple app. I think you’ll instantly get familiar with it as the design is extremely user-friendly. I double checked some conversations on Google and they were all on the point so you can be sure you get the latest conversion. A great bonus feature is the app also gives you info about credit card rates in other countries so you can easily prepare if going outside your country.  Thus, I think this one is great for anyone who travels often.

    Finally, the app comes with a widget you can customize so you don’t even turn on the app – you have everything on your screen. But, although I like the app design, I got to say, the widget design isn’t the best. It takes a great portion of the screen and you can’t change that. You’re stuck with a large widget which is especially a bummer if you have a small phone. It’s not too big of a deal as the app is great, but with the small fix, it could be much better.

    Currency Converter Plus Free with AccuRate™ – A Better Insight

    This is another great app if you often visit other countries. I might even like this one more than the first one since I think it’s more interactive with its features. It’s definitely more for people who are tech-savvy and want to be able to control every aspect of an app. There’s a simple drop-down menu where you can customize the main currency (your own) and nine others. Once you enter a number, the conversion is instant and correct. Another reason I think this one is better for more advanced users is the graphs. By simply tapping a button, you’re greeted by an eye-pleasing graph that shows you the the changes for the last 5 months. You can even refresh the graph if you want to double check in case you’re making exchanges.

    With a useful graph and other great features, I was hoping the app also comes with price-change notifications. I don’t know, it just seemed like a natural course for me. Unfortunately, as of now, the app doesn’t support that. So although it has the potential, it’s definitely not the best app if you’re looking for the best time to exchange as you have to check manually.

    XE Currency – A Powerful App For Exchanges

    Finally, there’s XE Currency, my personal favorite. The reason is it does everything the first two do with a bit more. Initially, I thought it would be complicated to use because it has many features, but the developers did a great job with the design. Besides checking the current rates, you can also get additional information for each currency with a single tap. And yes, XE Currency does have price-change alerts and you can customize the notifications. Finally, another great thing that shouldn’t go unnoticed is you can also check when offline. Although you should connect to get the latest updates, this becomes useful when you need quick information. Definitely a great app for anyone who’s in currency exchange.

    Unfortunately, to get full features, there’s a small fee. But if you’re serious in currency exchange, it definitely worth it considering the possibilities you get – from news and detailed analysis to notifications. I don’t recommend this one to people who only need exchange information. There are much simpler apps for that like the previous two.

    Conclusion

    So there you go, my top 3 currency converter apps. You should try one of the first two if you only need to quickly check the latest currency trends. If you need a more powerful arsenal for daily exchanges, check out XE Currency. All 3 apps are useful and I have no doubt they will save you time so you can focus on other things in your life.