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2206, 2017

What Are The Most Common Causes Of Financial Difficulty?

By |June 22nd, 2017|Financial, XPC|Comments Off on What Are The Most Common Causes Of Financial Difficulty?

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Money is something that just about everyone spends a decent amount of their time thinking about. Even if you’re not that interested in becoming incredibly wealthy, there’s no denying that money is one of the things that dictates just about everyone’s ability to live their lives the way that they want to. Because of this, the idea of getting into any kind of financial difficulty can be incredibly scary for a lot of people. In order to make sure that you don’t end up getting into any serious trouble, here are some of the most common reasons that people end up with money troubles, and what you can do in order to avoid them.

A household emergency

Your home is supposed to be the place where you feel the safest and most comfortable. Because of this, something happening to disrupt that safety can be incredibly traumatic. Worst of all, it can have a pretty serious impact on your finances. The best way to prevent this is to make sure that you know exactly what it is that your home insurance covers. Many people assume that things like damage to the contents of their home or something like flooding will automatically be covered, but many insurance companies don’t include those things as standard. Because of that, it’s important that you make an effort to find out exactly what it is that your insurance covers. Sure, a more thorough insurance policy might be a little more expensive, but it’s nothing compared to what you could be paying if something happens to your home and you’re not properly covered.

Accident or illness

Your finances aren’t usually the first thing that you think of when you are in some kind of accident or […]

2106, 2017

Auditing Yourself Before Tackling Your Audit!

By |June 21st, 2017|Financial, XPC|Comments Off on Auditing Yourself Before Tackling Your Audit!

Financial freedom and personal freedom are two completely different things, and for those that are lucky enough to run their own business, or work successfully as a freelancer, it can take a while to get to the point where you don’t have the stress of debt hanging over your head. But once that is sorted, there is the small matter of doing your tax return, which is one of the most stressful things involved with freelancing. If you’re not so keen on pressure, as well as doing a lot of math, it’s likely to be all your nightmares come at once. So, how can you tackle the return without crumbling in a corner?

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Rule #1: Don’t leave everything until the last minute!

The bane of every single tax return you will ever complete is the fact that you haven’t organized yourself in the first place. This is the biggest thing that will stop you going stir crazy in rushing to complete your return in time for the deadline. Even if you do nothing, at least put your receipts in one place so you can organize them all later. Just have an envelope under your desk and take them from your wallet and place them in the envelope. The tax return is always easier to do as you go. Make sure you set mini deadlines now and again to add to your tax return. So instead of having a last minute rush, you can do it casually. It is possible to not feel stressed!

Rule #2: Look for help if you’re really stuck!

Whether you’ve got the money or not, there is plenty of help available if you look hard enough. Online help from the IRS or the HMRC (in […]

2006, 2017

High-Status Investments That Will Prove Lucrative

By |June 20th, 2017|Financial, XPC|Comments Off on High-Status Investments That Will Prove Lucrative

Investments don’t always have to be so mundane and boring. When people have money to invest, they can often think about talking to their banks and end up with high savings accounts. If they are a little riskier, then you may see people investing in the stock and shares market. Which, of course, both of these options can be a great way to encourage investment and high return. However, there are other financial investments you can consider which we thought were worth sharing with you.

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Buying and reselling property or having a property portfolio

Having an opportunity to invest money is always going to flag up questions of what might be the best thing to do, or certainly if you are making the right choice. The issue is, there will never a be something that will always a be a guarantee. However, there are more high-status investments you can make, and property is just one of them. There are two roads you can take on the property investment journey. You can decide to purchase and improve a property, maybe invest in some way to gain a better return like renovation or even extending the property in some way. Then you will look to place it back on the open market to gain a profit for only, what can be, a short-term investment. This can be risky when it comes to the level of work involved and also whether or not it will sell. The other road to take would be to consider buying a property and then renting it out. People then go on to do this several times over and create a property portfolio, rather than selling it to bank the money for further investment. This […]

1606, 2017

What’s $3600 And Why Should It Scare You?

By |June 16th, 2017|Financial, XPC|Comments Off on What’s $3600 And Why Should It Scare You?

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Some people might have guessed exactly what that number is. According to the USA today that was the average level of credit card debt for homes in America. Now, it’s important to realize a few things about that number. First, if it doesn’t seem that high to you, your issues with debt are probably more severe than you realize. Second, that’s just credit card debt. A lot of people will have other sources such as short-term loans, late bills and so forth. Third, and perhaps most importantly, that’s actually an improvement from the last few years, but it should still shock and scare you.

Some people might not think that $3600 is a lot of money and there might even be people reading this who know they could pay it off, no questions asked, right now. If you’re one of those people, good for you! But you have to remember that this probably means you’re earning a salary a lot higher than the national average which is just $35000. That number may seem large, but it’s not a lot to play around with when you start to think about home bills, mortgage repayments and annual expenses. Adding over three thousand dollars worth of debt to that doesn’t leave a pretty picture. And let’s not forget that people living on credit were partially to blame for the 2008 housing crash.

You also need to think about outliers, and they’re important to consider because you could be one of them. You might have a credit debt that’s a lot higher than that average. If you do, you could be one of the 12 percent. 12 percent, it’s not quite as attractive as the 1 percent if we’re honest. […]

1606, 2017

Costly Mistakes That You Can’t Afford To Make On The Road

By |June 16th, 2017|Financial, XPC|Comments Off on Costly Mistakes That You Can’t Afford To Make On The Road

After your home, your cars, and their maintenance are often your biggest expense. Therefore you don’t want to be making costly mistakes when you’re driving them, some of which may cause damage to more than just your wallet. The following are some examples of things to be mindful of, while you’re out on the road, in your vehicle.

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Your Speed

If you’ve got a car with speedy capabilities, or have to be somewhere in a rush, then it can be tempting to put your foot down and race to your destination. However, traveling at speed, over the limit in that area, can and will cost you dearly. If you are caught going over the speed limit in your state, it is likely to result in an expensive penalty ticket. When you become a repeat offender, you can have your license taken away; this could cause a damaging impact on whole life. If you rely on your car to get to and from work, or, driving is part of your job; when your license is gone, so is your livelihood. A loss of income can cause you to fall behind on bill and mortgage payments, and you’ll spiral into debt quickly; which can be difficult to get out from under.

Aside from a fine or a ticket, you are putting everyone else on the road at risk; speed limits are set in place for a reason, and it’s to keep the public safe. So, it’s worth being a little late for your restaurant booking, over putting yourself, your family, and others in any financial risk; or worse, risking their well-being and health. For a state by state guide to the speeding laws, check out this list, and […]

906, 2017

The Lowdown On Your Credit Score

By |June 9th, 2017|Financial, XPC|Comments Off on The Lowdown On Your Credit Score

You often read about credit ratings and scores, but what are they, and what significance do they really have? If you’ve never checked your credit score, here’s everything you need to know.

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What exactly is a credit score?

Your credit score is a figure, which is used by banks and financial lenders to assess the level of risk you pose. If you have a high rating, this means that you are a low-risk borrower. If your credit score is low, this means that you pose a higher risk. If you’re trying to borrow money or you’re looking into products like a car loan from https://auto.loan, credit cards or mortgages, your credit score will go a long way to determining if your application is approved or rejected. Lenders are much more inclined to give applications from individuals with a high score the green light. Having a low score doesn’t necessarily mean that you’re in debt. Your rating may also be low if you don’t have much activity on your financial record. If you’ve never paid off a loan, you don’t have credit cards, or you use your account infrequently, for example, you may have a low score even though your finances are in pretty good shape.

How can you improve your rating?

If you’ve got a bad credit rating, it’s not the end of the world. It is possible to improve your score. To do this, you must ensure that you pay bills on time and you keep up to date with card payments and fees for your rent or mortgage. If you miss payments, your score will suffer. Use your bank account on a regular basis. If you don’t have a credit card, applying for one […]

306, 2017

How To Overcome Unexpected Financial Problems

By |June 3rd, 2017|Financial, XPC|Comments Off on How To Overcome Unexpected Financial Problems

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None of us are immune to financial difficulty, and in life, there are many challenges to overcome, not all of them expected. This can add to our stress and worry, and we may feel as if the financial pressures will overwhelm us. However, this doesn’t have to be the case. There is always a solution, whether it is something you can find for yourself, or you may need to seek help from others to help you overcome the burdens you are facing.

The following are some of the unexpected events that could lead you to financial difficulty.

Unemployment

You may be recently unemployed, or have been out of work for some time. The lifestyle you were used to will no longer be in place, and the financial constraints are huge. Firstly, know your rights. If you have become unemployed through no fault of your own, you are entitled to unemployment benefits. This won’t give you a lot of money to live on, so it is still important to budget what you have. Thankfully, there are ways to improve your employment prospects. Being unemployed, you can qualify for financial aid to help you go back to school and receive extra education and new training. As jobs are hard to find, achieving extra qualifications will help you back on the job ladder.

You can also apply for Self-Employment Assistance, a program designed to help you branch out on your own in establishing your own business. You will be entitled to weekly allowances as you get your business off the ground.

Unexpected accident

Through no fault of your own, you may have been involved in an accident which could incur expensive costs, including medical bills. You don’t always have to pay. For example, […]

1805, 2017

How To Buy A House

By |May 18th, 2017|Financial, XPC|1 Comment

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Buying a house isn’t something that can be done quickly. It’s a long process that many people can end up finding very stressful, but with these top tips, you can make the experience a manageable one, which will pay off in the decision making department too.

Research well in advance

As soon as you know you’re planning on moving – get searching. Look online, look in magazines and even in shop fronts to find real estate listings. Make a note of all the properties you like the look of, and observe what tends to stay on the market for longer and if the prices drop. This will give you an idea of how everything works, and it’ll help you when you plan on viewing places.

What can you afford?

Figure out how much money you can put into buying your house. Decide on a maximum limit, and stick to it. You don’t want to end up with trouble from your bank because you can’t pay off the loan in time. Remember that the house may need work on it, so you may not just be paying to buy it, you may be paying to renovate it too.

You will also want to have an idea of how much it’ll cost to keep on a monthly and yearly basis.

Find an agent

It is so important to find the right real estate agent for you, because they will be by your side throughout the whole process.

Companies like venturewestranches.com provide you with information about locations, neighborhoods, and properties that may not be easy to find yourself. They will also be experts at making deals, negotiating prices and spotting hidden gems, so it’s a very good idea to get one.

Inspect the home

Home inspections are to […]

504, 2017

5 Signs You’re Living a Life You Can’t Afford

By |April 5th, 2017|Financial, XPC|Comments Off on 5 Signs You’re Living a Life You Can’t Afford

Who doesn’t love money? The idea of being rich being your wildest dreams, buying plenty of flashy clothes and expensive gadgets, showing them off to your friends and going on holidays to the world’s most famous locations, like the ones listed at cntraveller.com, is something that we probably dream about on a regular basis. However, the reality is that only a small percentage of people in the world can indulge in such activities. Luckily, we can get a little slice of that heaven whenever we go on holiday, or whenever we save up enough money to buy a new fancy car or the latest electronics. Sadly, it doesn’t last long, but that doesn’t stop many people from living beyond their boundaries.

Unfortunately, most people don’t realize when they’re living a lifestyle that they can’t afford. They’re usually under the illusion that everything is fine, or they scrape by and can barely afford the necessities while splashing cash on luxuries. It’s fine because we all do it at some point in our lives. Perhaps we buy a luxurious coat and show it off to our friends for a while, or maybe we indulge a little too much in a hobby and buy some high-end equipment that barely fits through the front door. Pampering yourself is fine, but there are times when you need to cut down and realize that you’re living a lifestyle that is beyond your means.

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You fear missing out on products and items

If you feel like you constantly have to catch up with your friends and spend money on products, fashion and services just to keep up, then you’re probably living a little beyond your means. Whether it’s the latest video games console, […]

504, 2017

Getting Top Dollar For Your Used Car

By |April 5th, 2017|Financial, XPC|Comments Off on Getting Top Dollar For Your Used Car

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Buying a car is one of the biggest splurges of cash you’ll ever make, probably only second to buying a home. What’s more, the amount you have to spend on a new car – or a newer car – can be largely impacted by how much you get for your old beast, your beloved vehicle that has kept you on the roads for the past five-plus years.

As such, getting the most out of your old car is hugely influenced by how you go about selling it. Of course, it may not be money that you are after, it may be a quick sale or even a unique experience. So read on to find out the different options available to you.

Going It Alone

As with everything, the internet has allowed anyone to reach everyone, and this is no different in the realm of car selling. Selling privately is typically the way to get maximum bucks for your car, but it can also be extremely time-consuming. That’s why we recommend you advertise your car on every platform possible; shop windows, for sale sign in the windscreen, eBay, Facebook, AutoTraders, everywhere. The more rods you have in the water the better your chance of landing a fish. Just make sure that you describe your car correctly in any advertisements to stop you getting stung.

Dealing With A Dealer

The easiest options are to go with a quick part-exchange and trade your car in for a newer car. Saying this, some dealers may not be willing to negotiate a part-exchange deal and may only buy cars outright, which tends to be a relatively quick and simple process. Of course, you won’t get as much money for your car as a private […]