Money Mastery: The Necessity of a Household Budget

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.

Useful Tips to Get Your Finances On Track

Financial health is a function of both income and expenses. There’s no doubt that unless you control your spending, you can never improve your personal finances. Charles Dickens put it this way in his classic book David Copperfield, “Annual income twenty pounds, annual expenditure nineteen six, result happiness. Annual income twenty pounds, annual expenditure twenty pounds ought […]

Understanding Your Family’s Spending Behaviors

If your family is like most families today, you may be finding it difficult to make ends meet from one paycheck to the next. Or, you may have found yourself trying to find ways to balance your family budget in order to boost your savings. Regardless of what your current situation may be, it’s important to […]

Choosing Between Income Protection Cover and Critical Illness Cover

Choosing the proper type of insurance is an important matter. If you get it wrong you can either end up paying too much or worse yet not being covered for something you thought you were paying for. That is why it is so vitally important to understand the basics of insurance. You don’t have to […]

Best States for Relocation with Regards to Income Tax

When considering relocating, one important factor in your decision might be state income tax. The most obvious choices are the handful of states that do not have a state income tax, listed below in alphabetical order. Alaska The economic growth is still slow, slightly under one percent. Jobs are mainly found in service industries, such […]

The Truth About Annuities

6 Annuities FAQs: Yesterday we talked about how useful annuities are for retirement planning. Today we are going to look at some common misconceptions about annuities. Fact or Fiction? — 1)  Many different investments offer a guaranteed income stream. — Fiction! Annuities are the only financial planning option that can guarantee a continuous stream of income throughout […]

Thinking About Renting Out A Room In Your Home? The Legal Issues You Need To Think About First

If you own a home and are thinking about renting a room in your house to make extra money, then you should consider all the legal issues and complications that can arise before making a decision.  While renting a room in your home is a great way to generate extra money, renting a room in […]

Stop Living Paycheck to Paycheck

Many people live in a vicious cycle of not having any money just days after being paid. Then they worry how they are going to live until they receive their next paycheck. This creates stress and wreaks havoc on their lives. This feeling of helplessness is further escalated if an emergency arises and they have […]