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Learn To Live For Today And Plan For Tomorrow

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Learn To Live For Today And Plan For Tomorrow

We all walk a fine line with our finances. We don’t want to spend our time doing nothing, we want to enjoy ourselves and experience life’s little luxuries from trips away to fun purchases. If you constantly favor saving over spending, you’re going to have a pretty boring life. At the same time, though, we have to prepare for tomorrow. We need to think about making sure that we are going to be financially secure ten days, ten months, or even ten years from now.

It seems that we are under constant pressure to plan for tomorrow. Just look at the housing market. As soon as you hit your twenties, there will be people around you, telling you to buy a home. A home gives you some form of financial security sure, but it also ties down your finances. Now, for years, you’ll need to fit in mortgage repayments into your budget. These can be incredibly expensive and will make paying for those luxuries that you love just that little bit harder. As such, it might be wise to not buy a home until you have the income where you can easily cover this cost and still live a full life. Or, simply prepare to accept the fact that, at least for a short time, you won’t be able to afford those fancy trips or that new car. You can learn more about whether you can afford to buy property on www.cnbc.com.

The lesson here, is that it’s a balancing act. It’s about balancing what you need with what you want. It’s about balancing what you must spend with what you’d love to purchase. It’s about planning for the future while still enjoying the present so that one day you’ll be able to look back at the past with no regrets. So, let’s explore some of the ways you can do this, and we can start by thinking about budgeting:

How Should You Budget?

Budgeting is actually easier than a lot of people realize. You need to start by working out exactly what you make per month. This is the total amount you have to play with, and it should include all of your incomes. So, if you have a side hustle, make sure that this is counted. Unless you would rather see that as extra money.

Then, subtract all of the costs that you are aware of. This includes bills, rent, mortgage repayments as well as an average food cost. So, you might budget fifty a week or more for food. Now, the amount you have left should be halved. Half of this must go into savings. Set yourself a goal to save each month and put this as a direct debit on your account. Just like a tax, it will leave your account at the end of each month. This cuts out the choice of hanging onto it and spending it. Congratulations, you’ve just made a smart choice on how to prepare for your future.

The other money you can spend however you like. Put it towards your holiday, use it for presents or nights out. It’s your choice, but you have to remember that this is all you have to spend. Now immediately, you might notice a problem. There isn’t actually that much to spend is there?

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Budgeting is key!

Play With The Numbers:

This is where you need to start cutting costs on things that you need so you can afford things you want. An example of this would be something like energy bills. We all have to pay energy bills, but they should be more manageable if you can go a little more green. Make changes to your home to save energy, and you’ll have a little extra to spend each month. It won’t be much, but it will make a difference. Since you have already set a target, add that to your spending budget for now.

You can also think about boosting your income. What you’re looking for here is a passive income. There’s no point in taking on a second income to enjoy your spare time if you’re going to end up with no time to spare. There are various options for passive incomes from the stock market to property. Research a few and find out which one will benefit you and suit you the most. If you’re good with numbers, you might want to consider forex trading, which is basically investing in the value of different currencies. By predicting patterns, you can make a fortune in this market without even trying.

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Preparing For Disaster:

Of course, your budget is based on your income. Any hit to your income will kill both your spending budget and your savings. Worse still, it might mean that you have to use your savings to cover expenses that you can no longer afford. You can see how this would be an issue. Suddenly, you don’t have any money in your account for the future. This is where great budgeting advice that is found on www.lifehacker.com comes in handy. But how do you handle this situation?

You have to prepare for any disaster that can be foreseen. You’re probably thinking, wait a minute – unexpected costs can’t be foreseen. That’s why they’re unexpected. It’s not true. You might not expect to develop a disability, but you can forsee that it’s a possibility so you should plan for it. Anyone could develop a disability. You might be involved in a car accident, you could fall at work, or it may even develop due to biological causes. Since it could happen, you should plan for it. According to www.insurestat.com, doctors should definitely do this because anyone working in the medical field who develops a disability will probably be unable to work. As such, they should protect their income. You can protect your income with disability insurance and guarantee that you are always on roughly the same level of pay. Regardless of whether you can work or not.

This isn’t the only disaster you need to prepare for. You have to consider the worst-case scenarios that could impact your finances. Medical bills, for instance, are one of the greatest causes of debt in the USA today. You can plan for this by buying into the right health coverage plan that provides everything you might need.

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Insurance is a must.

Don’t Always Wait For Tomorrow:

Tomorrow doesn’t always come. Or rather, you can miss too many tomorrow’s and before you know it you’ve run out of time to do what you want. This may sound morbid, but you could die tomorrow. So, you might constantly be putting off that holiday to a point where you can easily afford it and when you’ll still have savings. But what if that day never comes? Most people do live their lives on an average, basic income. They never reach that 100K a year paycheck, and yes you can wait until retirement and use your 401K. But, after you’ve retired, you might not have the energy or the health to do everything you wanted. Don’t let life pass you by while you wait around for the right moment to do something.

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 #justdoit

Live For What You Love:

Finally, you need to make sure that you’re not spending your hard earned money on things that you don’t want and that you don’t need. This happens all of the time. We’ve already mentioned one example, and that’s property. Buying a home can be right for some people. But, if you are still moving around and haven’t settled, it’s just a waste of money and adds plenty of stress to your life that you don’t need. Instead, you should continue to rent. While it might be dead money, it can be far cheaper than purchasing a home that you may never pay off.

Ultimately, you have to live your life in a way that makes sense for you and financial purchases should be part of that decision. Some people spend their whole life traveling around the world, work by freelancing, and never once think about settling down into a comfortable routine. This site, www.justonewayticket.com, has some great advice on spending your life traveling. Could this be the lifestyle of your dreams? Perhaps! And as long as you have a plan for tomorrow, you can live however you want to today.

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#goals

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House Buying Considerations: Is Bigger Always Better?

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House Buying Considerations: Is Bigger Always Better?

When it comes to choosing a home, most of us want one thing arguably above all other considerations: space. There’s an inherent association between a property being nice and a property being large; an association so strong that many of us struggle to see smaller homes as particularly attractive at all. However, it’s worth considering whether large homes are actually all that we imagine them to be. So let’s try and settle this once and for all: when it comes to homes, is size always important?

YES: Large houses are more aesthetically pleasing

As discussed above, for some people, size is everything when it comes to aesthetics. If you want a good looking home, then bigger most definitely is better in most people’s eyes. If you are of the same opinion, then it’s worth remembering that you will have to live with, and make the most of, the property you choose. You have to love it, so if you don’t think you could truly love a smaller house, then this alone may be a significant enough factor to justify choosing a larger property.

NO: The larger a house is, the more there is to clean and maintain

As attractive as a large home may be, there’s no denying that the larger the space, the more time you’re going to have to spend caring for it. More rooms means more cleaning; large yards means more gardening chores – if you’re not a fan of these and other maintenance tasks as listed on https://www.nytimes.com/, then bigger might be rather unpleasant for you.

YES: Big houses can be downsized if required, so they’re more flexible

Some would argue that big houses have a huge amount of flexibility. If you find that you don’t need a large house, then you can always follow the guide to downsizing on https://wrenrealtyinc.com and sell your property. You can then use the proceeds of the sale to buy a smaller house; potentially even outright.

In contrast, if you opt to buy a smaller home and then realize you need more space, you’re not going to have the same level of flexibility. While you could use your smaller house as equity towards a larger purchase in the future, you’re still going to need to obtain a much larger mortgage to meet the cost difference.

Few of us think far in the future when buying a home; we think about satisfying our needs and requirements for the immediate future. However, thinking a few decades down the line is an important aspect of securing your financial future, so the downsize/upsize issue is one that you will want to consider.

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 Wikimedia Image

NO: Large houses are more expensive in every regard

If you want to keep your finances under control, then a larger house is not going to help you towards the goal. Larger houses have higher purchase prices, expenses, tax requirements, maintenance costs… the list goes on and on. If you’re budget-conscious to the point where the costs are your only consideration when purchasing a home, it’s safe to say that bigger is most definitely not better.

YES: Large houses are more valuable

This point almost goes without saying, but it is worth noting if you’re intending to purchase your next home as part of an investment in your future. The more square footage a house has, the more potential value it is able to offer. This may be enough of a factor for it to make it worth living with higher maintenance costs, as the potential investment return is more substantial in the future.

NO: Large houses are often targeted by burglars

It’s obvious why this would be the case; it’s a simple assumption that the level of affluence that allows someone to buy a large house should also mean that they have more possessions worth stealing. Of course, there are ways of protecting your home, and modern home security innovations make this easier than ever. However, it is nevertheless worth considering the potential for enhanced risk of burglary before buying a large house.

Final Thoughts:

As you can see from the above, there are arguments both for and against large houses – so how can you know which is the right decision for you?

  • Which of the facts about is the most compelling to you personally? If you are especially concerned with aesthetics, then a larger house might be the best choice. If you’re more focused on saving money, then a smaller house is more suitable. Focusing on the aspect that is most important to you should help you make the correct decision.
  • Apply subjectivity to your personal situation. For example, if you plan to have children soon, buying a house with more bedrooms than you need right now is justifiable.
  • Ensure that you consider your needs for the current period in your life, but try to keep one eye on the future, as well. Property is an important purchase, so you have to try and think many years into the future. While it’s impossible to predict how things will pan out for you entirely, having some inclination of how you would like your life to progress can be extremely beneficial when making the size decision.

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Which size of house is right for you?

By combining your personal experience with the inherent truths listed above, you should be able to come to a house size conclusion that is well-informed and tailored specifically to your needs. Good luck!

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Stop Replacing Clothes So Often With These Longevity Hacks

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Stop Replacing Clothes So Often With These Longevity Hacks

Do you wish that your clothes would last you for longer than they do? If they did, you wouldn’t have to replace them quite so often, which would help you save a whole load of cash. So, imagine if there were ways that you could prevent all of the wear and tear that your items of clothing have to go through.

Well, there are a few ways you can do just that! And don’t worry, you don’t have to spend a lot of money trying to increase their longevity and lifespan. In fact, these simple hacks can help you see a big difference when it comes to making your wardrobe last longer.

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Cuuuute!

Know What To Fold And What To Hang:

Did you know that storing your clothes incorrectly could shorten their life? It’s true; some clothes need to be hanged up while others should be folded away neatly. For instance, sweaters and hoodies will stretch out of shape when they are hung on hangers in a closet. They need to be folded up in drawers. Similarly, dress shirts won’t fare too well when hung up. However, jackets and coats need to be hung – you can use shirt hangers to ensure that they don’t stretch too much on the hanger. Dresses and skirts also need hanging in wardrobes, as well.

Reduce Your Laundry:

If you regularly wash clothes, they will end up losing their color and the material will also start to fray. So, no matter how tempted you are to pop an item of clothing into the wash, you should try and hold off until it really does need cleaning. Ideally, you should wear everything more than once before it goes in the washing machine. There are some things that can help you put off your washes. For example, lint rollers can remove any hairs from your sweaters and you can also buy anti-stain pens that you can dab onto your clothes to remove any small stains and spills.

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I need that outfit!

Keep A Smoke Free Home:

It’s also a good idea to try and keep your home free from smoke. This includes smoke from cigarettes and vapor pens. The odors from each type of cigarette and e-cigarette will just cause your clothes to smell, even if they are put away in your wardrobe. Cigarette smoke and odors can end up all around the house and will get into your closets and other storage units. Not only that, but the smoke from traditional cigarettes could end up permanently staining your clothes.

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Kaboom Pics Image

Watch Out For Pests:

It’s not just cigarettes that are putting your clothes at risks – any pests that are sneaking around your home could also be causing damage. For example, rats and mice like to nibble on anything they can get their paws on. If they make their way into your bedroom, you might start to find bite marks on the edges of your clothes. They might also do their business on your clothes, which could cause stains and smells. Thankfully, this company can help you take care of your pest problem. You might also want to add some mothballs to your wardrobes, closets, and drawers so that you don’t start to have a problem with moths. These little creatures are known for eating clothes whenever they get the chance!

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Love that backpack!

Work In Old Clothes:

Ideally, you should always keep some old clothes that you can carry out all of your dirty work in. It’s really not a good idea to wear your best shirt and jeans for doing your cleaning and other chores around the house, for example. You will be on your hands and knees, which could wear down your jeans, and you might also spill some harsh cleaning chemicals on yourself which could stain your clothes. So, it’s a good idea to keep some old clothes that you aren’t bothered about for these jobs. You should also invest in an apron for when you are cooking in your kitchen. Just one splash of tomato sauce could end up ruining a crisp white shirt!

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Fun shoes!

Reinforce Your Hems:

As soon as you buy a new skirt, pair of pants, or dress, you should always find the time to reinforce the hem before you wear it. It’s really easy to do, as you just need to know one simple stitch. If you have your own sewing machine, then it is even easier. Doing this will make the hems a lot less flimsy and they won’t experience quite as much wear and tear as usual. Knowing how to sew hems can also help you raise or lower them, which means you will be able to adjust your skirts and dresses to keep up with hemline fashions.

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Definitely wear your play close while exploring!

Invest In Good Quality:

One of the best things that you can do when you are shopping for clothes is to invest in good quality items. If you just buy cheap clothing, you will find that it regularly needs to be replaced. That’s because it hasn’t been made with the best materials or using the best possible techniques. As a result, it will be flimsy and a lot more likely to stretch out of shape.

Plus, you will find that the colors fade quickly. So, rather than scrimping and saving in budget stores, it really is worth investing in top-quality items. These will last you a lot longer so, even though you initially pay more, you will end up saving money as you won’t need to replace them so often. When you buy expensive clothes, you should look for timeless, statement pieces as these won’t go out of fashion quite as often as items of clothing that are bang-on trend right now.

Your clothes should always last you for at least a year. If you find that you are replacing items more often than that, you might really benefit from all of the tips in this post. Good luck with your wardrobe’s new lease of longevity!

Featured Image By: Kaboom Pics

Spending Money To Save Money

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Spending Money To Save Money

Money is by far the most challenging area for modern people to handle in their life. With jobs paying less than they have for a long time, the world’s finances in tatters, and temptations around every corner, it can often feel impossible to save a little for when times are tougher. This leaves a lot of people feeling worried about their position. Of course, it doesn’t have to be this way, and a lot of people have the tools that they need to start saving right in front of them; they just need to spend a little first.

With the world in such bad shape with money, it can often feel like you have to work to save wherever you can. While this can be a good mentality to hold, it can also cause some damage, forcing people to avoid spending anything at all. In cases where quality, time, and value are all factors, this doesn’t always work out. Instead of saving a buck, you will have to go back and pay again, resulting in spending over double what you initially budgeted. This sort of issue only applies to certain things. In most cases, any professional service should be handled like this, and you can find some examples below to help you to do it correctly:

Accounting:

Given that money is so important, it doesn’t makes sense for you to manage every aspect of it yourself. When it comes to something like taxes, you will need to work hard to make payments correctly, and this can be a challenge without the right skills. Making a mistake here will often result in fines which are far larger than the costs of some support.

Moving Home:

When you decide to move to a new place, there are a couple of people ready to help you; estate agents and moving companies. The first will be able to find your new place for you, dealing with the complex and monotonous paperwork which comes with it. The second will be there to help you to pack, transport, and move all of your items into your new home without (hopefully!) breaking anything.

Construction:

There are loads of parts of the home which you need to be qualified to work on. Electrical, plumbing, and gas can all be very dangerous, and the work that you do on these areas will often be refused approval on the grounds that you don’t have the right credentials. This can result in having to pay for the same fees more than once, resulting in big bills which will be hard to pay.

Hopefully, there will be very few times in your life when you need help like this. For the regular jobs, you will often be able to find people willing to work on a subscription-like basis, saving loads of time when it comes to booking them. In some cases, you might need something bigger, though. In either situation, spending a little extra can save you a whole lot, especially when you’re dealing with high-value items.

Featured Image By: Unsplash

Makeup Free Days

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Makeup Free Days

Howdy! Back in the day, I used to complete my makeup routine almost daily – even if I was staying home for the day. As the years progressed, I realized just how silly this was and began slowly easing into Makeup Free Days. This originally started out as a Sunday occasion, but now, I spend at least half of my week with no makeup on. It’s crazy!

I wouldn’t say that I have this sky high confidence that makes me feel okay with no makeup on. It’s honestly more of a lazy girl thing. I apply my makeup and do my hair when I’m working in the community. But, if I am working from home or just running random errands during the day, I really don’t see the point of painting my face. Once I realized that going out in public with no makeup on wasn’t the end of the world, it became easier and easier to leave the house bare faced.

Of course, makeup free days save me time, but my skin and wallet are also definitely thanking me. I’ve noticed that my skin has looked increasingly healthier as I make my way through the year, because the products that I use after washing my face really gets a chance to sink in and work as opposed to being suffocated by the makeup on top. And, days without makeup equals using less of it, which equals buying less products, which equals more money in my pocket!

It’s a little surprising to me how within a handful of years, I went from caring so much about what complete strangers might think if I left the home in anything but full makeup perfection to running about town fresh faced for three or four days of the week. I guess that’s part of growing up. Getting older sucks. But, feeling okay makeup free is something that I’m definitely okay with!

Has anyone else had a makeup free epiphany similar to mine? How often do you apply makeup during the week? I want to hear from all of you, so leave me a comment and let’s chat! Much love. -Sarah

A Myriad Of Money Management Mistakes

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A Myriad Of Money Management Mistakes

It is a fact of life that some people simply don’t manage their money particularly well. If you feel like you are one of these people, there are several things that you can do to change things. First and foremost, you need to work out the mistakes that you are making in the first place. In this article, we are going to take you through just a few of the most common ones so that you can avoid repeating them:

Lifestyle Inflation:

If you get a pay rise, you shouldn’t automatically ‘improve’ your lifestyle by that same percentage. Instead, you can use this extra cash to clear some of your debts, channel money into your savings, or make some sound financial investments. Just because you have the cash doesn’t mean you have to spend it!

Paying Bills Late:

Getting into a habit of paying your bills on time is a positive step that you can make. You can even automate this to happen directly from your bank account so it can be one less financial worry to have every month. The last thing that you want is to incur any additional fees or payments than you already have.

Paying Bank Fees:

Bank fees can come in multiple forms, but most of them are totally avoidable. For example, you should never use an ATM when you are charged an operational fee. Avoid paying late fees on your credit cards by clearing the balance in full every month. Compare bank accounts online to make sure that you are not paying more fees than you need to.

Not Educating Yourself Financially:

With all of the free tools and articles about money out there these days, you have no excuses for not educating yourself financially. You should know all of the different options available to you about where you can best invest your money, as well as information regarding where you can get quick support such as bad credit personal loans with guaranteed approval. Read as widely as you can and you can avoid many common money management mistakes.

Lack Of An Emergency Fund:

Though it may be frustrating to channel some of your paycheck off into an emergency fund every month, you will be very thankful for it once you need it. There are all sorts of life situations out there which could require a great deal of cash such as job loss, medical expenses, car repair, and essential home maintenance. Whenever you make a withdrawal from your emergency funds, make sure that you replace what you have spent as you never know when the next situation may arise.

Not Having a Budget

If you haven’t got any sort of household budget, you have no idea what is coming in and going out of your bank account every month. There are plenty of budgeting apps out there which allow you to clearly track all of your expenses. Otherwise, you can track everything manually along the way.

Now you know some of the most common money management mistakes so that you can avoid making them yourself. Budget wisely and watch your bank account increase over time.

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Can I Trust My College With My Student Loans?

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Can I Trust My College With My Student Loans?

Congrats! You’re going to college. All of those years of studying hard and living at home have finally paid off. Within a couple of months, the bags and boxes will be full and you’ll be ready to meet your roommate. What a time to be alive (lol). Well, it is as long as you make it that far. If there is one thing that we know about higher education, it’s the price. According to The Economist, the average student loan debt is $37,172. It doesn’t matter how many weekend jobs you have because you ain’t going to save that money.

So, this is where the government comes in handy and finally pulls its weight and lends you the money. And, you gladly hand it over to the college of your choice without a second thought. Wait a minute, though. What if that was a mistake? These are the signs that you can trust a college with your student loan, because things can go south very quickly:

Retail Price:

Career coaches won’t tell you to do this, but what’s the point of being a teenager if you aren’t going to rebel (YOLO.)? Think of a college like property. Before you make an offer, the savvy thing to do is check the prices throughout the neighborhood. That way, no one gets conned over the price. Universities are the same because they will try and charge extra for a course which is no different to its competitors. They might have an “excuse”, but it has to be a good one. As a rule, the majority of the courses throughout the major colleges are the same, barring a feature or two. An establishment that is trying to milk you for as much as possible isn’t a trustworthy one.

The Paper Trail:

The foundations of a con doesn’t change from the bottom to the very top. Whether you’re dealing with a petty criminal or a rogue college, they all require trust. Not to be cynical, but keep your cards close to your chest. Again, not something a counselor would advocate, yet an important piece of advice, nonetheless. Fake unis and colleges attempting to improve their bottom line act like butter wouldn’t melt. So, the idea of education fraud doesn’t even appear on a potential student’s radar, not unless it’s on Call of Duty. However, it’s a problem which is impacting the school systems around the world. The good news, is that a receipt of payment is a simple fix. I know you wanted something a bit more James Bondish, but there are no fancy gadgets here. Nope, it’s just a piece of paper with the time, date, and a total amount.

Their Reputation:

Universities aren’t exempt from the rumor mill. Whether it’s Oxford and Harvard or a community college, campus gossip is something that you shouldn’t always take with a grain of salt. There will always be rumors and experiences from previous students. If you hear anything that sounds sketchy in the murky underworld that is higher education, don’t be afraid to investigate. A little piece of gossip can be the difference between tens of thousands of good debt, and a fraud case.

Keep in mind that all colleges aren’t the beacon of morality of which they claim. Some are dishonest and unreliable, plain and simple. Do your research, because your student loans are going to impact you until you finally pay them off.

Featured Image By: Flickr