Author: James Paul
Personal financial management is an important part of any person. Mismanagement can lead to debt, bankruptcy and all kinds of a financial rut. So, it’s essential to be in control of the finances. Some may find managing personal finances challenging. But with so many resources now available, you can easily turn around your current financial situation. With simple and practical tips, you can save more, reduce or completely pay off your debts and make your future financially secure. Here, in this article, we bring you some of the most useful and practical tips for your personal financial management. 1. Establish…
Funding a new business venture isn’t easy. Unless you start off with the right contacts or the money you need to get you started, finding people who are willing to invest can be extremely hard. You need to attract the attention of individuals who think your business model is worth supporting. It might be many people willing to give a lot or fewer people who will give a larger sum. If you don’t know where to start, you’ll find some ideas for fundraising for your new company below. You could host an event, send out sales letters, use crowd-sourced fundraising…
Savings is an important part of our lives to make our finances strong, trouble-free and long term. Though there are several choices available, a savings account in a bank is one of the most preferable ways. To get the benefits of such a method one must understand the ethics behind the savings account. We must understand the difference between the different types of accounts to avoid the confusion. Savings account – Definitely a big YAY Savings accounts are for those who want to save money without making a lot of transactions from it. If you want an account to make…
Personal finance management should be included in the subjects taught in primary and/or secondary education. Such a measure will help make sure that young people turn out better versed in savings and even in loans. This can be an appropriate preparation for the students to become responsible and knowledgeable adults in the future who are familiar about how to effectively manage personal finance To date, there are calls to make personal finance a compulsory subject in schools. Many individuals believe it should be made a part of the academic curriculum. Financial education is perceived to be a long-term solution to…
A cashless society was once the stuff of science fiction. It is hard to image when living in a world in which every wallet held banknotes and coins, but the movement towards a cashless society has begun and it is fast gaining pace. It might just be that before we know it, we’ll be living in a world of digital currency. Sweden showing the way A number of digital currency proponents in Sweden are asking why bank notes should be printed at all in an increasingly high-tech world in which people are more familiar with screens and scanners than paper.…
A loan sanctioned or given only on the basis of the borrower’s financial position, creditworthiness, credit history, and personal reputation, without engaging any collateral is called an unsecured loan. Here borrower signs a promissory note but does not hypothecate any specific asset(s) as collateral security, and so this is also called a signature loan. Since the risk of the lender is high, higher interest rates are attached to such loans. Even with the various risks factors, the demand for the unsecured loan in the UK is growing. It is important to understand what an insecure loan is so that you…
To succeed as a businessman or at work, a person should start behave in the way similar to the way the most successful people act. Of course you may find something special that will work for you but if you are on the beginning of the route it is better to learn from others people experience. Of course some principles are not the only thing that will lead you and your business to success. Issue of funding is also very important here as you need to create a stable source where money would be accumulated and wisely distributed. Thus beneficial…
You may be a twenty years dude or a 50+ old chap, a rich man or a poor fellow, a professional or a student; one thing is common to all the stage that you may be in – buying insurance. It is something that gives you a peace of mind that whatever danger suddenly erupts in your life, you will always be taken good care of. Here are some different types of insurance that you must know before investing in any one of them. Home Insurance: Every home owner must go for a home insurance coverage to protect his nest from…
Getting a mortgage need not be a painful endeavor. While the idea of saving in earnest can be something of a burden, there are some failsafe tips that you can use. For many, the thought of homeownership seems like an unaffordable and unobtainable dream. But, it doesn’t need to be that way. Securing a mortgage for buying a house is easier if you know where to look. Even people with bad credit can secure a loan of some kind. One of the best things you can do to secure a mortgage is to be prepared. When you apply for loans…
Many of us don’t know much about tax evasion, yet knowingly or unknowingly we evade tax and then end up paying a big price later. Tax evasion is avoiding paying your taxes and then failing to report it, the most common one being the failing to report the financial gain. The government authority imposes strict and heavy penalties for evasion. What is tax evasion? Tax evasion is totally different from minimizing tax, which is the process of using legal strategies to reduce tax due. There are several deductions that you can use to scale back your liabilities, if you have…