Finance articles

Do I need life insurance

admin — Fri, 29 Jan 2010 19:40:52 +0000

We have stepped into an era of time, when our security if life is a real issue to be concerned about. Thus many associations introduced the concept of life insurance. A life insurance is a backup financing facility in case you suffer an accident or if you expire then your family will be given all the amount with which you have been insured so that some amount to start their lives from stage one again.

Getting an eductaional loan

admin — Sat, 09 Jan 2010 19:40:42 +0000

Educational loan is not a new concept to any of us. A child who steps into his secondary school, his or her parents do think of it one day or the other as a means of assurance of funding to their child’s future studies in case due to some problems they are not able to finance him or her for their education. Almost all the banks worldwide feature the facility of educational loans.

Family Budgeting

admin — Sun, 02 Aug 2009 08:58:28 +0000

Any good family should have a monthly budget that they stick to. When a family has a budget it becomes easy to deal with emergencies and plan for those wonderful family vacations. Simply putting a budget on paper is a great start since it gets you a visual of where your money comes from and goes every month. First start off by listing all your income sources. Make sure to include only regular income and not one off payments. Next start to list all your expenses. Make sure to remember all of them and then allow for emergency money each month. This will give you a good family budget picture.

Financing your Car

admin — Sat, 25 Jul 2009 08:58:14 +0000

Buying a new car is an exciting but stressful experience. Once you know what car you want it becomes a battle versus the sales person to get the best deal and financing for it. First make sure you have good credit since that will get you a good interest rate. Next figure out how much you can pay for a car. The best way to figure this out is to take the monthly limit you have to spend and multiply it by 48 months ( the normal lease or loan term). This will give you an idea of what range of car you should be looking at. After that its all about shopping around for the best car deal.

Avoiding Bankruptcy

admin — Sat, 18 Jul 2009 08:58:05 +0000

Going through bankruptcy is one of the most unpleasant experiences someone can go through in their financial life. It can leave you handcuffed in the future when trying to apply for certain jobs or credit applications. Yet many who cannot repay their debts feel this is the only way out. Well there are ways of avoiding bankruptcy. Seeking out credit counselor is the best move you can make. A credit counsellor can asses your situation and make a re-payment plan that will allow you to avoid bankruptcy.

Retirement Planning

admin — Sat, 11 Jul 2009 08:57:51 +0000

Often over looked and under planned in to days society is the retirement plans of may people. Knowing what you will need and when you will need it is not as easy to figure out as one would hope. Again the best way about it is to enlist the help of a solid financial planner who can look at your current portfolio and help you make the right decisions for your retirement plans. While consulting with an advisor it is also a good idea to start some Internet research of your own to get up to speed with the suggestions they may have.

Knowing when to sell

admin — Sat, 04 Jul 2009 08:57:38 +0000

In what could be the best piece of financial advice is knowing when to sell. Knowing when to sell your stocks and bonds is more then just pulling the right trigger but more about knowing market cycles. Recognizing hot markets and more importantly those about to crash is the biggest asset a investor has. The first step in investing or selling is getting your hands on a solid financial advisor with a good reputation and backing. They will be able to look at your current portfolio and tell you which assets to keep and when its time to sell the rest.

Dollar Cost Averaging

admin — Sat, 27 Jun 2009 08:57:23 +0000

With this unstable economy it is hard to predict and invest using the old “buy low, sell high” adage. In times like these it may just be wisest to invest in some dollar cost averaging to ensure a stable increase in value over your long term investment. Investing with IRA or employer-sponsored savings plan is not the way to quick riches but it can virtually guarantee a slow and steady growth of your money until it is time to retire and cash out those assets. Dollar cost averaging is based on continuous investment in securities even when prices are unstable.

Money Market mutual funds

admin — Sat, 20 Jun 2009 08:56:59 +0000

Money markets have been around for a long time but until recently the rewards haven’t been that great. For many years they were seen as temporary investment vehicles while waiting for more profitable investment opportunities to come around. Now that returns have jumped close to 3% over the last few years money market mutual funds are becoming a desirable investment themselves. Investing in money market mutual funds means that your money is diversified over CDs, U.S. Treasury securities and debt-obligations. These are generally seen as safe investments with lower but solid return.

Car Insurance secrets

admin — Sat, 20 Jun 2009 08:56:39 +0000

Paying for car insurance is a drag but these tips can save you money and big hassles. If you get a good car insurance plan then you can save money on car rental insurance since it will be include. If you rent often make sure you have this in your plan. Try not to lend your car out since any accident your friends will have will only affect your insurance not theirs. Another factor in car insurance is your credit score, if you have good credit your rates can be lowered. Where you live is considered by insurance companies since city dwellers often crash more than country folk.