Discover the Top 5 Financial Tips

finance_banner

Dealing with finance can be tricky, whether we are discussing your personal finances or referring to a business. There is a lot to consider, but if you stick with it, you will find that handling and managing your finances does not have to be as difficult as it first appears. You should always set goals and try to stick to them as closely as possible; but at the same time, if you miss a goal, do not let that deter you from getting back on track. If you are looking for ways to improve your finances, then look over these top 5 financial tips.

 

5 – Spend Less Than You Earn

Finance_Icon_RGB_TransThis first tip should be obvious; however, it is easy to end up spending more than you are taking in, especially when you factor in credit cards and loans. Pay attention to your after tax earnings each month. After paying bills and dealing with expenses, you should still have something left over to rollover into a savings account or to use towards paying down past debt. You do not have to create a detailed, item by item budget, but you should remain aware of how much you are taking in and how much you are spending.

Create a general list, adding up your monthly bills, without including your minimum credit card statements. Then add your expenses, such as food, entertainment, and clothing. Do not short yourself when adding expenses, be realistic and include a fair amount for how much you think you may spend each month on expenses. The amount left over, after taking expenses and bills away from your earnings, is your buffer. You will use this in the next step.

 

4 – Start Paying Off Debt

finance (1)If you are able to sticking to your budget, you should have a buffer that can be used to pay off past debt. This is the reason that your minimum credit card payments are not included in your budget. Now it is time to total the minimum payments.

If you have delinquent payments that have been passed off to a collection agency, begin using your remaining buffer to pay those off one at a time. Once delinquent bills are taken care of, use the extra buffer money to begin paying off your credit card with the smallest limit. You are slowly working your way up the chain of credit cards, starting with the most manageable. By paying more than the minimum payment, you will end up spending less in the long run.

 

3 – Start Saving Money

The next way to get your finances in order, after clearing all your credit cards and past debts, is to start adding towards a savings account. You should set a goal, and try to include as large of a portion of your buffer money towards savings as possible. Ultimately, you will want to have an amount in your savings account equal to at least 6 months of your earnings. This will protect in the event of unforeseen expenses or if you happen to lose a job.

 

2 – Put Money Towards a Retirement Account

finance-263x350Once you have managed to reach your savings goal, you should sit down with a financial advisor start looking into retirement options. Many employers will match a part of the money that you put into a 401(k). Find out how much they will match, and up to what amount, and ensure you are including at least that much each paycheck.

 

1 – Visit a Professional Tax Preparation Business

When it comes time to file your taxes, it is a good idea to allow a professional tax specialist handle your taxes. They will be able to make sure that you do not miss out on any deductions, so that you get the highest tax return that you are capable of getting. There are many affordable tax programs that you can use from home to handle your own taxes, but you run the risk of missing out on deductions due to retirement savings, charitable donations, and other easily over-looked methods of increasing your return.

If you put all these financial tips together, starting with number 5 and working your way down, you should be able to become more secure in your finances within a reasonable amount of time. Stick with it and realize that become more financially secure is not something that will happen over night.

Depending on your past debt, your current bills, and your earnings, it could take several years to finally reach your set goals. If this is the case, it may help to create short-term goals, such as paying off a delinquent online finance loan or paying off a specific credit card. Dealing with finances should not be a constant source of stress. If you have any additional questions, feel free to leave a comment below.

More info on the Facebook Page and comments on the Twitter Page.

Small Business Loans – New York, New York – (609) 738-0885

http://coastalbusinessfunding.com/

(609) 738-0885

Coastal Business Funding is composed of a group of highly experienced and seasoned, certified, financial professionals. With our knowledge and expertise, we can usually find a solution for all your financing needs. Unlike a bank, or local lending institution, which only lend to the most credit-worthy businesses, Coastal Business, with its relationships with national lenders, can usually find you the financing you need. Please contact us today for a free, no-obligation analysis of your financing needs. A member of our professional staff will contact you to discuss your business’ short and long-term financial needs. Whether you need to get new equipment, finance your accounts receivable, raise working capital, or acquire a company, Coastal can do it all.

Business Loan cold-caller has heard the “bee on my arm” before

Thank you to all my subscribers to the Jolly Roger Telephone Service! You all have the pleasure of deploying these bots on your telemarketers. Please spread the word so we can get more people using these.

Okay we’re going to get back to basics here. This call is a good example of why I built this bot in the first place. And this call is to the original Jolly Roger Bot with the “bee on my arm”. This is a business loan specialist calling business all over the place. Unfortunately, it comes from a “lead generator” so there’s no way to get them to stop calling. And it might be legal. The callers clearly identified where they were calling from. Most of the time they fake it. Other interesting things:

The predictive dialer (the thing that determines if you’re human or not) cut through very quickly.
The hand-off to the loan agent was smooth
The loan agent knew who I was (well, it was a wrong number, but still it still indicated a screen pop from the first person to the second)
MY ROBOT PASSED THE TURING TEST! It totally convinced the first agent to transfer me to the second.
The second agent has heard the “bee on my arm” several times and is upset with me! What’s that all about? You guys called me! Stop calling if you don’t like it!
So, since I could never get these guys to stop calling, I built this bot and maybe they’ll eventually stop. In the meantime, these calls are entertaining and harmless to me. Thank you for listening!