Month: August 2018

Get Your Finances Back On Track

Your credit card bills are creating a major dent in your savings and you seem to have been trapped in this vicious cycle. If you feel the same, then ultimately you should use a licensed loan shark or it is time to work out and get your finances on track.

Accept your finances

It is dangerous to deny the debts. You have to take control of your money or your money will start to take control of you. You need to accept your position and start taking complete ownership of your finances. Many individuals today are living with problems of debt and many do not even have enough savings to survive a month in case they were to lose their job.

Track every single penny that you spend

The first suggestion that you will get to control your finances is to make a budget and stick to it. But before you do that, spend a month to track every single penny that you spend. It will take just a month for you to gauge how much you are spending on necessities and how much on things that can be avoided.

Have a financial goal that is realistic

The goals that you plan for yourself may not be the best goals but they should be realistic and something that you can achieve. If not you are sure to lose interest and get back to where you started from. Set a time period plan and try to achieve the goal within that time fame.

Budget before you get your paycheck and stick to the budget

You will by now know where your money is getting spent each month. Set a budget now and stick to it. Use the number that you got from your previous month to make a realistic budget for the next month.

Luxuries should be kept aside

Luxuries are something that you cannot do without. But there is a fine line here between what could make you save and what could put you in debt. Instead of going to restaurants every weekend, prepare something at home. Limit your outings to just one or two a month.

These simple changes can help you change your finances completely.

How to Finance Home Improvement Projects in 2018

Are you looking forward to improving your home but do not know where to get financial help? Well, there are some ways that you can always rely on if you have a shortage of finance.

#1 Start With The Cash You Have

Try to use cash for the small needs or at least where you can. We all have some savings other than our emergency savings so you can use your savings if you have small home improvement needs such as you only want improvement in that bathroom or the kitchen only.

#2 Try With 0% Or Low-Interest Credit Card

Those who manage a decent credit value can take advantage of offers that charge 0%interest on your loan. Also, you can check out some low-interest loan offers. If your requirements can be covered under $15,000, then this scheme can be your way out. On the other hand, beware of the expiration date else you may have to fill higher interest rates.

#3 Consider Personal Loan

If you have a medium sized improvement, the can’t be covered under $15,000 the personal loan can be the option. You can apply for a personal loan at as these are very easy and cover you up to $50,000.

#4 Try Home Equity Line Of Credit (HELOC)

This can be easy on you as it needs you to pay interest only and after that, the principal amount. Also, there is no need to withdraw all money at once, just take it when you need it.

#5 Home Equity Loan

If you can afford higher rates than HELOCs, then home equity loan is an option too.

#6 At Last, Your Contractor

In several home improvement plans, contractors also provide finances. You can always check your contractor for such facilities and prepare a contract with the final date of filling the dues. Make sure to check the circumstances if you are not able to pay before the due date.