Procrastination is when we delay things that MUST be completed. Yes, some things must wait. For example, you must wait for cooperation, information, permission and etc. However, some things must not be postponed. Procrastination costs you money, more than you think. It is important to understand this issue and to use techniques that will prevent you from wasting your money.
The bank of mom and dad. It’s like divine manna, instant ATM, unlimited loans with minimal to no interest charges. Sounds like an amazing thing, right? Yes if you are the child, but not if you are mom and dad.
Wait, aren’t parents responsible for their children? Well sadly, nowadays, many children are growing up more entitled because they were “cradled” by mom and dad longer than what’s healthy.
Save up for the rainy day, they say. But now that there are more things we can spend on, it is increasingly challenging to put away those savings in lieu of present comfort.
We now have more bills to pay. Our children are more exposed to luxuries than ever before. And it is harder to keep up with this fast-paced world.
Managing your finances during old age can be a tedious job. This gets even tougher if you don’t have enough retirement savings, or in case there are unforeseen expenditures such as on healthcare. If you’re a senior citizen who is a homeowner and is looking to raise some cash to supplement your income, or to pay off some major financial dues, then perhaps you can look into the option of a reverse mortgage. But what is a reverse mortgage and is it a good idea for you? Let’s figure it out.
Compound return is sometimes associated with the term annual average return. The term compound return refers to the annual rate of return earned on the original amount of an investment in a time-period. The calculation is not always accurate but it is better than calculating average returns. Not the actual rate of return. You will understand the meaning of this in the example we will provide shortly. Before that lets take a deeper look into the definition of compound return.
Lifestyle inflation means that we will spend more when we earn more. For example, you got a raise and now you can spend more money per month. Eventually, this brings us to severe problems such as having no money until you receive a paycheck or being in severe debt. Today, we will teach you how to avoid it. There are several tips you can use.
Even with a credit snowball plan for you to focus on, you may wonder if you can ever pay off your debt. If your unsecured consumer loans - such as credit cards and personal loans - take more than five years to pay off, consider your options for debt relief.
If you are a student of accounting and financing, then you may have heard the term leverage and leverage investment. What do they mean? What benefits they may offer and what shortcomings do they have? Are there any variations of leverage investment? Let’s find out.
Leverage is a common investment strategy in which someone uses debt in place of assets or equity to finance a project/ investment. In simplified language, you as an investor need money to fund a project. You borrowed money and used that borrowed money for funding the project rather than using your own money. This act of using borrowed money on an investment is called leverage investment.