A question I am often asked is "How do I find an honest adviser who will work for me, and not for themselves?" Sadly, the investment and insurance industry has built up a reputation as being full of shonks flogging product to people for commission.
The problem with this is that commission varies dramatically from product to product and, if your adviser is paid on this basis, there is always an uncertainty about whether the product recommended is the best product for you - or pays the most commission to the adviser.Read More
In the digital era, everything is easily gotten. In the past, you have to struggle to take some of things that are also limited and have high price. However, today you will never be like that again because you can still get the things from the other country without any big deal.
Online store is a place where people around the world can use it for shopping their need without come directly to the shop. With this easier access, you have also remembered that you have to be more careful on something that you buy. You have to be a smart buyer to get something that is not big zonk anymore. So, here are some safe online shopping tips before you go suffering some of online store.Read More
A coupon is used to get thing without paying for or in reduced prices. Of course, it is so interesting in order to save the money, primarily for women. Some believe that by doing couponing, it means we buy but we save.
Therefore, couponing comes as a new hobby and part-time job for some people. On the other side, we may think that does couponing really work? Or, can it truly save our money?
Certainly, we are in puzzle. By that phenomenon, this article will point you the fact of couponing whether it really work or not. Then, it will give you a consideration to do couponing or not.Read More
Whenever you contemplate taking out a personal loan, think very carefully why you are doing it because most purchases financed through personal loans leave you with no real asset, only a debt. If, however, after coolly thinking it through, you decide you must have the item, then go ahead and take the loan, but make sure you shop around - interest rates and conditions on personal loans vary considerably
Always try getting finance from a bank, building society or credit union first as their rates should be significantly lower than those of a finance company, sometimes dramatically so.
Also note if the interest rate quoted to you is a flat rate or a reducible rate. Most loans are reducible, but you can't assume this. A flat rate of 8% from a finance company may look better than a reducible rate of 11 % from a credit union - until you realise that an 8% flat rate may be equivalent to a 15% reducible rate in terms of total interest paid over the life of the loan.Read More
Let me lay my cards straight down on the table (and I don't mean my credit cards). If you want to buy something, try to pay cash. And if you don't have the cash, think again whether you really need to make the purchase. This is a very simple, straightforward philosophy, and, while there are big-ticket circumstances where it's obviously not practicable - such as buying a house, funding an investment or establishing a business - if you stick to it wherever possible you shouldn't get into too much trouble with money.Read More
I'll explain how credit cards work for the benefit of the many Australians who don't have any. They are a vehicle for providing instant debt financing up to a predetermined limit which is set either by you or the credit card issuer (a bank, a building society, a credit union, or a credit card company). The whole idea of a credit card is to enable you to buy things at shops and businesses without the need to have the ready cash, or to enable you to receive a cash advance against the card through a bank, a money changer, or an automatic teller machine (ATM).Read More
Be aware of risk. Ask questions and understand the true nature of risk in any investment before you do anything.
Etch the words "risk equals return" into your bathroom mirror so you can see them every morning. Taking excessive risk in looking for a big return is the number one reason why investors lose their money. They get too greedy - and investment salespeople know this.Read More
Why is saving so important to be creation of wealth? Well, if you save nothing during your working life, by the time you stop working you will have nothing material, regardless of what your income was.
Savings is more than just the money that goes into your piggy bank or passbook savings account, it's also the money that goes into your mortgage over and above the interest charge, into your super, into a sound investment, into a saving plan or term deposit or into a separate account for some special purpose.Read More
A budget tells you where your money is going, where you can cut back, and where you can save. The budget is the best option but if doesn't work for you, use the simple principle of paying yourself first and spending the rest.Read More
The planner's purpose is to show you just how much you are spending, on what, and where opportunities exist to make savings. You might be amazed, for instance, at how much you spend on magazines, tobacco and alcohol. If you cut back on these items, you could probably save yourself hundreds of dollars. Or maybe you could save by not going to the hairdresser so often.Read More