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Having an emergency cash stash is essential for any family. Whenever unexpected bills or expenses arise, you’ll be prepared to cover them without blowing your budget or spending all your monthly paychecks just to stay afloat. By having this emergency fund, you’ll be able to stay on top of payments without getting behind on expenses, and you can avoid incurring debt.
The general rule of thumb is to have three months’ worth of income for each employed person in the household saved as an emergency cash fund. Even if you have no savings, the good news is it’s never too late to start putting away money. Begin by assessing your monthly expenses and determining which expenses aren’t necessary. From there, figure out how much you can save per month; chances are most families can save at least $25 to $50 each month by cutting down on things they don’t really need. Arrange for this money to be automatically transferred to your savings account each month so you don’t even notice it’s gone. You can also opt to commit your tax refund, birthday or Christmas money or any other extra money you get each year to a savings account to add to the fund.
Once you have some cash saved, look into opening an account that will provide a higher interest rate than a traditional savings account does. Money market accounts, CDs or online savings accounts generally have a higher interest yield. Make sure you are aware of any fees or restrictions on your account before you commit your cash reserve to opening it.
If you have no savings and an emergency expense pops up, there are options available to you to ensure you don’t have to spend all your paycheck on unforeseen costs. There are online companies that offer safe, secure access to emergency cash advances upon approval of the loan.
I’ve always been in a constant pursuit of means to diverge the meager fortune that we have. And I’m just glad to have come across the website of US Gold Bureau now because I finally got an idea on where to possibly invest. Possible option for a startup is to buy gold coins then keep for a while then sell it when the perfect time comes. I still don’t know though the ropes and there’s so much more to learn about precious metals investment. But the website is a promising resource about everything that is gold trade related. They’re the leader in the market. Let’s see where this idea will lead me to.
Aside from motherhood, homemaking, shopping and girly stuff talks, my fellow stay-at-home Moms and I also chat endlessly about finances and how to find means of augmenting the family income. In these times when economic life is hard, it’s difficult to just be still and depend on a one-income household. Recently, a friend shared the learning she got from US Gold Bureau that gold investment is a promising business and that there’s no lean season to buy gold coins or other forms of gold like ingots and bars as it’s always the perfect time to buy this precious metal. The reason is that gold never depreciates and is able to withstand whatever crisis the world economy faces. Sounds interesting, really and my friends and I are already looking into this venture.
I have been maintaining 2 credit cards with HSBC for the longest time. I was surprised to receive just recently both billing statements for this month at the same time. In the past, it has always been that they have a different cutoff and payment due dates. But now apparently, their cutoff schedule got synched and just have one due date now. I’ve got no problems with the setup and I have no qualms about credit card debt settlement because they’re my obligations after all. The only downside is that they’re kinda heavy on the wallet since I have to pay them both at the same time. I was not advised beforehand also of this adjustment so I wasn’t able to anticipate and planned the timing of my recent purchases recently. If there’s one good thing though about this synchronized billing cycle is that I won’t tend to forget or miss out paying any of them since I receive them together and I’ll be paying for them at the same time.
My Dad is in the retiring age already. But although all of us, his children, have graduated and now living on our own, he’s still adamant on the idea that he won’t be earning much anymore. That’s why he’s asking our help for business suggestions that he can venture on. He’s one workaholic man and he will never be complacent especially with the unstable economy that we have.
We’ve been encouraging him to take it easy. He has enough savings in the bank and he even has his gold IRA among of his retirement plan accounts. At least with this type he doesn’t have to labor and all he has to do is just relax and watch his investment diversify. We may not have the expertise on this matter but we can certainly help him check out the services of goldcoinsgain.com which comprises of qualified and skilled financial consultants and analysts who can determine which type of investment would suit the IRA gold requirements of my Dad if ever. They can also shed light further about the necessary steps and info on gold IRA transfer. Now I just hope that my Dad will concur to our recommendation. He has worked enough during his younger years. He deserves to rest, relax and just enjoy life.