Saturday, June 19, 2021

Here's How To Get A Lot More From Your Finances This Year

Are you disappointed or disheartened with your current financial situation? If so, then it’s definitely worth exploring some of the changes that you should make. Here are the key possibilities that you need to keep in mind here and that could certainly benefit you in the long term. 


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Don’t Treat Saving As A Choice


First, it’s important to make sure that you don’t consider saving a choice. Instead, it needs to be a necessity. You need to get into the mindset where saving becomes a bill that you have to pay out each month. If you do this, then you will be able to ensure that you are saving far more money throughout the year. Why? Because rather than giving yourself a choice, you’ll be set up so that money comes out automatically. Ideally, it should enter a locked savings account so you aren’t giving yourself the option of withdrawing it. 


Explore Alternative Investments


It’s definitely worth exploring alternative investments that exist on the market. One example of this would be cryptocurrency. You might think that you don’t have the cash-free to invest in some of the biggest and brightest crypto on the market and this might be the case. However, there are ways to earn free crypto. For instance, you can earn free Bitcoin with these 6 steps including completely micro-tasks online. Or, you could turn your attention to crypto that isn’t as valuable but does have the potential for massive gains in the future. 


Use Your Assets Wisely 


Everyone has assets that they could use to their advantage, but not everyone does this. The classic example would be property. If you own property and you’re not making money from it, then you are missing out on a fantastic opportunity here. If the property is large enough, then you might want to consider renting out a room to earn an additional income. That’s a great choice because it means that you can get a little extra cash in your hand which will make things more comfortable each month. You can also look at how to add value to the property so you earn a greater profit when it’s time to sell. 


Spend Less 


Finally, you should make sure that you are doing your best to spend less money overall throughout the year. People often think that this is going to negatively impact their quality of life but it doesn’t have to. There are lots of ways to save that won’t negatively impact you at all. One of the ways that you can do this is by going a little more green. Whether you choose to get a hybrid or you look at how you can go green at home, this can ensure that you cut a fortune out of your monthly bills. 


We hope this helps you understand some of the key ways that you can start getting far more from your finances this year. If you take this advice, then you will put yourself in a stronger situation for the future. 



Thursday, June 17, 2021

How to Fund Your Masters Degree on a Budget

 

Photo by Vlada Karpovich from Pexels


If you would like to do a master's degree you may be wondering how to get funding for it. Studying for a master’s degree can become very expensive. It is especially hard to fund if you already have undergraduate student loans that need repaying. 


However, there are some fields where you need a master's degree in order to advance. If funding is one of the main deterrents for you, then you will be happy to know that there are several ways that you can fulfill your dream. Here is a look at some of the best ways to get funding for a master's degree.

Scholarships

Scholarships and grants are not just for undergraduate students. There are a number of postgraduate scholarships available for those who want to pursue a master's degree. 


You can check the financial department of the school where you did your undergraduate degree to find out if they have any funding for your master's degree. However, if you do a thorough search of the internet you are sure to find many opportunities that are available to you.

Get a Research Grant

If you are interested in a career in academia or in research then getting a research grant is a great way to get your foot in the door. Narrow down your search to specific institutions that you are interested in.


Once you have done this, find out if they have grants in your degree area. Many of them will, and you will get funding for travels you have to do during your research. You will also get funding to purchase equipment or supplies that are needed to carry out the research.

Study Overseas

When deciding to study for a Ph.D. some students often get locked into thinking they can only study internationally in the US, Canada, or the UK. Graduate degrees in these countries cost thousands of dollars. However, in many countries in Europe PhDs are free, and in some countries, you only pay a nominal fee each year. 


It is free to do your Ph.D. in countries such as Norway, Finland, and Sweden. In other European countries such as Spain, France, and Germany you only pay a nominal fee because the government subsidizes funding for most of their universities.

Work and Study

While the ideal situation is for you to only study. If funding is an issue you may want to make a compromise and work and study at the same time. 


It will probably mean that you will take longer to finish your degree but at least you would be able to achieve your goal in the long run. Working and studying is not for everyone and it can become stressful. 


You need to take an inventory of your current family life situation, finances as well as health to determine if working and studying is a good fit for you.

Study Online

Online studying is fast becoming a viable option for many students. In addition to helping you to create a great work-life balance. Studying online can be a lot less expensive than getting face-to-face instruction. For example, if you are a nurse you can find accredited online msn programs, a lot cheaper than they would be if you studied face to face.


You need to ensure that any online program that you choose is accredited. In this way, you will ensure that you will have no problems getting employment or promotion once you have finished your studies.



Tuesday, June 15, 2021

Four Great Reasons To Pay For Private Health

 Have you ever considered how much your health could be costing you? We’re not meant to be in and out of the hospital, but life laughs when we make plans to be healthy. While you can’t stop every single issue coming your way, you can still work on keeping your body as healthy as possible and a part of that is going to be in backing yourself up with your insurance. 


Yes, you probably have great public health insurance and it’s done you well so far, but is it covering you for invisible braces on a dental plan? Is it helping you with the costs of hygienist visits every six months? Your public health plan may not be anywhere close to what you get from a private health provider, and when it comes to your health, this is a no-brainer. Private health insurance could be the difference between you affording to get better - and not. While private health plans go beyond the basics, you need to do some research as to the best one for you. This will mean choosing a private plan that is catered to what you need - and you can do that! You can build a health plan that makes sense for your needs. With this in mind, here are some of the best reasons that you need to pay for private healthcare.

Image source: Pexels

  1. Added services. The best reason to choose private healthcare is the chance for added extras. From more dental care to coverage for prescribed medicines, you can ensure that you are covered and able to get the help that you need when you need it. You may even be able to cover hearing and eye tests, which can all contribute to ensuring that your health is the best that it can be. You may still pay a fee for it, but it can be much less than you would have paid by going through the public system.

  2. Spending limits. Did you know that public healthcare has no out-of-pocket maximum? Private healthcare does. If your maximum is set at one figure, that’s the most you’ll spend in a year and that’s it. It can be very expensive to be in the public system, so make sure that you have private health to help you out.

  3. Perks! Yep, private healthcare comes with perks that you really cannot turn down. From travel coverage to fitness discounts to support your health, the perks that come with private healthcare vary from plan to plan, and they are all designed to maximize your health, too. 

  4. Support. Private health plans often have a team of experts that will help you and support you while you are going through a tough time with your health. You will also receive comprehensive advice on what to do if you need extra guidance. This isn't something that’s common with public health, so don't be afraid to ask for help if you need it. Paying for private healthcare could change your life - why not look into it today?

Ways To Fund Online Study

 

Photo by Tran Mau Tri Tam on Unsplash


If you’re looking to get a promotion, change careers or just do something completely different, there’s likely to be an element of study involved. The great thing about modern technology and education is that it enables you to study in a remote setting at a pace that suits your lifestyle. 


While online studying often means cheaper prices, there are still costs associated. If you’re studying at a high level, these costs can really add up. So what options are there to fund your study online. 

Pay for it outright

Of course, the most straightforward way to do things is to pay the fees upfront. Depending on the course you’re taking and who you’re taking it with, this can be 100% upfront or split over a number of installments. Ask the course provider in advance what their preferred payment schedule is. 

Looks for grant of scholarship opportunities

Though not as common as they used to be, there are sometimes grants and scholarships available to those looking to study. These can be provided by the course provider or an external body. Often you’ll need to fulfill certain criteria and it’s often based around getting underrepresented groups into education such as women, mature students, or minorities into sectors such as healthcare, law firm, or teaching. 

Take out a loan

Sometimes the only way you can afford to study is to use some form of credit. Think very carefully before you do this and take into account how the repayments will affect your budget. In some instances, the learning provider will provide an interest-free payment scheme to let you split your costs into manageable payments. You’ll also need to work out if the career opportunities the studying will provide will ultimately benefit you financially in the future by helping you secure a better job with a higher salary. 

Ask your employer to contribute

If you’re already working and looking to study something that will benefit your existing career, then you could approach your employer. Showing that you want to invest your time and energy into making yourself better at what you do and ultimately help your company should hopefully free up any training budget they have. Check your employment contract to see if you’re entitled to any training funds or time off to study. Anything that can help you achieve your goals. 

Contact the course provider


If you’re worried about how you’ll pay for your study, then contact the provider running the course. Their policies aren’t all as black and white as they might look on the website. They will be able to advise you if they have any additional help for students that fall into certain categories such as a low income or parents returning to study. 

Key points

Committing to study is a big deal and can really help you achieve your life goals. But like most things, they cost money. Find the most affordable and convenient way for you. It may take some time and research, but it will be worth it. 


Do You Have All The Cover You Need For Your Car?

 If you drive, then you are legally required to have insurance. Any insurance company or broker that you work with will be able to help you get the legal minimum cover. However, there are a lot of costs that the legal minimum may not help with, leaving you out of pocket in the event of a wide range of collisions and other kinds of damage.


To that, the infographic featured below takes a look at the various levels of insurance, and what kinds of insurance are available to keep you covered against a wide range of risks. For instance, uninsured drivers have no coverage of their own, meaning that you may need additional coverage to recoup the costs that they are unable to. Even for the standard collision cost, there are different levels of coverage you can put in, based on how much your deductible and premiums are.


For risks beyond collisions, you may want to consider additional types of coverage or comprehensive coverage. Comprehensive auto insurance covers damage from a wide range of causes, including weather damage, vandalism, and even theft.


The infographic also looks at the questions that you can ask to make sure that you get the best deal on your insurance, including looking at what discounts you can qualify for. Above all else, it recommends that you can cut your insurance costs while still getting the level of cover that you need by comparing auto insurance quotes through the web. Different providers offer different deals to suit different needs, after all.




Infographic Design By Cheap Insurance Guide to Car Insurance

Friday, June 11, 2021

It’s Time to Dig Yourself out of Debt Once and For All

 If you find that you claw yourself out of debt, only to plunge back into it at a later date then you will know how frustrating this can be. You may feel as though nothing you do changes your situation for the better and that it becomes incredibly difficult to keep things running smoothly. If this sounds like you, then you have to remember that you’re not alone. In fact, there are many things that you can do to try and help yourself to get out of debt, once and for all.

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Face the Music

If you have been trying to make your bills disappear by simply throwing them away unopened, then you need to try and own up to your mistakes. You need to clear off your table and you also need to get all of your loan statements, your budget, and more in order. You can then start adding everything up so you can get a good idea of where you stand right now. It may be that if your bills exceed your income, that you need to try and change your lifestyle a lot, or that you need to take on a second job. Facing things like this can be difficult but at the end of the day, it will help you to get a much better idea of where you stand financially.

Know that Not All Debts are Equal

Another thing that you need to do is know that not every debt is created equally. You need to do your part to try and establish a hierarchy amongst your debts so that you can then do your bit to create a plan of attack. Experts have stated time and time again that you need to try and tackle any high-interest debts first. You then need to put your low-interest debts next and finally, your tax-deductible debt last. If you want to stop your debt from getting too much, then you need to try and keep a single credit card for any emergencies that might come up. You need to stop using the rest and you also need to avoid taking out too many cards too. If you fall into the trap of having multiple credit cards, then you may find that you end up having way too much debt and that things become unmanageable. Remember as well that some debt is good to have. If you look at Tiger Woods networth, you’ll see that he has debt, but it’s managed.

Get a Damage Report Done

The next thing that you need to try and do is get a credit check done. You need to make sure that you are aware of any bad behavior, and you also need to try and view yourself in the same way that a lender would. Viewing your credit report is a great way for you to find out where you stand, not to mention that it can also help you to gain the insight you need to make some positive changes with the way that you approach things.

 


Why Now is the Time to Start Planning for the Holiday Season

 It is the summertime, but when it comes to saving money, there is no time like the present to start planning for and talking about the holidays and Christmas. If you want to truly be able to enjoy yourself, then you will do so without the stress of the holidays and without getting into debt just for the holidays. It might feel too early, but so many things are cheaper to buy now, if required, rather than waiting for a big rush to do your holiday shopping. You will find it easier to spread the cost of it all by doing a little each month now, rather than taking it all on one large bill.


So with all of that in mind, here are some ideas that can help you to start planning for the holidays now, so that you can have peace of mind and be financially savvy, for when they come around.


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Look out for summer sales

There are bound to be some sales in the summer, as well as back-to-school sales. What is great about these is that you can buy in advance, as really the holidays are only a few months away. If you have school-aged children, then there will be some great gifts that you can get on sale in the summer, so make sure that you make the most of when retailers have sales.


One point to note is that you should make sure that you write yourself a list of what you have bought early and who it is for. Don’t hide them too well either! Otherwise, you could forget what you have got and then spend it again, which completely defeats the point of trying to shop in advance to save money.


Shop online

Shopping in advance online can be a great way to save money. As you will be able to take a little more time to browse what you are looking for, you will be able to find some better money-saving deals. This is important too, if you know your children will love some of the toys that will be in demand by the time it is November and December, such as the Super Wings Grand Albert, for example. Shopping online is a great way to save, so make sure that you make the most of it.


Shop seasonally

When it comes to shopping seasonally, you can take advantage of some great prices. For example, once Halloween has been and gone in October, there will be a lot of costumes for children going on sale that didn’t sell. If you have little ones that love to dress up, then this can be a great idea for gifts for them, as well as for nieces and nephews. The same goes for other seasonal events such as back-to-school sales.


Anything big? Wait for Black Friday

If you are looking to get some gifts this year that are bigger ticket items or electricals, then it can be a good idea to wait for Black Friday. Although that is in November, you have plenty of time to plan and research exactly what you are looking for and where you will go to buy it, which is what will help you to save the most money and help you to make the best decision overall. Anything electrical, even like hair straighteners or curlers, can be much reduced on Black Friday; it doesn’t have to just be about TVs and iPads.


Spread the cost

If you work out how many weeks there are from now until the holidays, you could work out what you can realistically afford to save and put to one side. This can be for a big purchase closer to the time, or be saved for your Thanksgiving meal, for example. Some stores even have saving schemes, where if you put some money on a gift card each week, leading up to the holidays, it can then be used to spend in-store, and they add some extra on for you. So even if you’re not planning to make any purchases anytime soon, it is a good idea to make sure that you are putting the money aside for the holidays, so that it doesn’t get spent on other things.


Small savings can make a big difference and help you to spread the cost of the holidays. They can easily spiral out of control if you’re not too careful, so it pays to plan ahead to make sure that the holiday season doesn’t put you into debt. 



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