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Money Management

4 Tips to Avoid a Call from a Collection Agency

Money Management / By

If you find it difficult to sleep because of debt problems, then here are a few tips to help you reduce your debt load. Learning to cut back and still live well while staying within your budget, is really the best way to eliminate your debt. Reducing your debt before things get too out of hand will also save money in excessive interest payments to the collection agencies. Living within budget may not be the most fun lifestyle, but it is certainly a financially sensible one. Plus it will allow you to sleep well at night and if you put your mind to it you can still enjoy life without spending a fortune.

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Mortgage

Financial Freedom: What you Need to Know About Your Mortgage

Real Estate / By

Buying a house is probably one of the biggest decisions you will make, so it’s important to understand what you’re getting into. Suppose you live in British Columbia and have spoken to a custom home builder in Vancouver and you have determined the cost of your dream home. Some builders work with specific banks to help arrange your mortgage while others leave finding the mortgage up to you.

Although it may seem easier to go with the mortgage provided by the builder, you have to look carefully at the terms of the proposed mortgage. This is probably the largest purchase of your life so don’t be afraid to ask your builder and/or mortgage broker questions before you sign on the dotted line. Often the builder will “get a cut” which may increase the cost of your mortgage by 1% or more, which could add up to thousands of dollars over the life of the mortgage, so it pays to compare. A few minutes of diligence could result in the highest paid moments of your life! If you know what you’re looking at and have a good understanding of your mortgage contract, you will avoid making a costly mistake.

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The Three Different Kinds of Debt and How to Avoid Them

Loans & Mortgages / By

Being overwhelmed by finances is never good, but we all know the feeling. Creating a budget is a good place to start, but if you don’t know the truth about different kinds of debt it will be hard to know what you’re getting into. Before you get in debt, you should know what types there are and how to avoid them if possible.

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Money Mastery: The Necessity of a Household Budget

Budgeting / By

No one enjoys making a family budget… establishing a household budget can be stressful, time consuming and cause friction among family members with differing opinions on where to spend your limited resources. But unless you have unlimited money, budgeting is a necessary task to ensure you and your family keep your spending within your means. The fact that even celebrities and lottery winners have declared bankruptcy indicates that even if you have a very large disposable income you still need to live within your means.

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5 Steps to Improving Your Home’s Value

2 Comments / Real Estate / By

When it comes to the value of your home, it’s all about appealing to the masses. While you may love having a pool, far too many buyers look at this feature and see the maintenance costs as a liability. So consider resale value before making major changes. Here are five steps you can take to make your home look more favorable to most buyers, and that will result in a rising value.

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Be a Good Boy Scout with Your Finances

Investing / By

A single bad market event can have catastrophic effects on your retirement funds so it is important to have safeguards in place to help reduce the possibility of waking up one morning and finding your nest eggs broken. The brokerage community insists that if you are just patient enough your portfolio will rebound but, what if it doesn’t? In today’s article Dennis Miller takes a look at some steps you can take to help protect your Life’s savings.

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IRS Civil Asset Forfeitures Targets Noncriminals

Taxes / By

n addition to the IRS targeting members of conservative organizations it appears that the IRS and other government agencies are targeting ordinary citizens for “Asset Forfeiture” which is another word for outright theft as there is no “due process” involved and the defendant is presumed guilty until proven innocent. In today’s post Matt Chilliak of Live and Invest Overseas describes this latest threat to our “Pursuit of Happiness”.

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Can You Really Sell Your Life Insurance Policy for Cash?

1 Comment / Money Management / By

The life settlement and viatical settlement industry has been growing steadily as an investment market since its inception in the 1980s. A proven method to derive cash value from unwanted insurance policies, life and viatical settlements have given seniors and the terminally ill a tool to mitigate difficult financial situations in their twilight years. Often,

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