Having Problems Managing Your Money? Here are 5 Tricks to Help You

Between the pressure of start saving early, student loans, and dividing expenditure from the paycheck to paycheck lifestyle, the thought of money management can seem a bit exhausting. However, it is not entirely impossible. Check out these money management tips.

Set Clear Goals

Not all spending goes in to baubles and shiny toys. Money can always be easily frittered on expensive packaging, restaurant meals, etc. The first thing that setting clear goals does for you is that you start thinking twice every time the impulse to buy something you don’t need comes up. If you need to save, you can always go frugal, but that does not mean living out of a cave. It is always the small things, the small expenditure that if avoided, can help you meet your money saving goals.

Always Track What You Spend

You need to save your receipts not just for taxes, but for reviewing your own spending patterns. If you started working and are only getting accustomed to your new paycheck spending habits, this is the best time to build a good habit of dividing your expenditure. You will be surprised how much of your hard earned money just disappears on fancy coffee, that pack of gum that goes stale in your bag because you bought it just in case, and the subscription you bought but don’t use anymore. Evaluate where your money is going, and eliminate any unnecessary expenditure.

Make a DIY Budget Plan

This is super handy. Make a plan where the necessities make the top of the list, like utility bills, food, rent, loan payments etc. Below this should come miscellaneous expenses. You can calculate how much you are likely going to be left with the salary that you get, then every time you are out shopping or in an extravagant restaurant you have a mental limit of how much you should spend.

Borrow Responsibly

Credit cards can be a great thing, but having too many of them just because you hit the limit on each can be a major way to see your finances flop. The only thing you will be left with would be feeling frustrated at the huge credit bill that you receive every month, and not being able to pay that will reflect badly on your credit report.

 Not Enough Money

The best way to know that you are managing your money right is if you are left with some at the end of the month. If you find that your necessities leave you without a penny, it is time that you find another job or a roommate so that you save some cash on the rent. Some people do not realize that it may not be their money spending habits, but the money they get compared to the necessities they have to fulfill. Again, without reviewing your financial situation you can never know this.


How to Handle the Buy-to-Let Tax

Are you victim of the recent increase in tax rates? The inflated taxes have left landlords confused, uncertain and perplexed at the same time. Due to the high risk involved, it has become very difficult for anyone to make the decision of buying property on mortgage. However, there are options you can still use to handle your expensive buy-to-let mortgage in a profitable way. You can go for remortgage, get registered as a company and even increase the rents depending on your market. Some of the tips to handle the increased tax include:

1.     Use Remortgage to Your Benefit

There are many different ways you can handle the new tax laws on buy-to-let mortgage. If you get a buy-to-let property on around £120,000 mortgage, you can easily earn as much as £800 as monthly income. Annually, the amount will be more than £8000. An average property holder will then deduct other expenses such as agent’s fees, mortgage interest and other expenses from the total cost. The total annual profit will be around £612.

However, due to extremely high tax rates, it has become very difficult to earn profit from your house after the tax rates have increased. Add the total percentage of tax on the transaction and you will lose around £500 on an average. Sometimes, profits can turn into losses after a tax is calculated on it. Other than this, it is also difficult to save money for future uses on your interest bills.

2.     You Can Register as a Company

If you are a buy-to-let owner, this is the best way you can reduce the total costs of taxes. You can substantially increase your total income and expenses. The government has recently decided to cut down tax of around 19pc on all registered corporations. It is very important to start operating as a company and not as a private equity. Make sure you contact the right legal advisor before becoming a corporation. There are a lot of legal matters involved and therefore it is necessary to keep a regular check.

Other than this, you will also be able to cut your offset costs. Working as a private company is the best way to increase your profits overall.

3.     Reduce Loans by Selling Your Additional Properties

In rare circumstances, if there is no other way to increase your rental income, the best way is to get rid of your property. Rather than getting charged extra amount every month, it is better to sale your property to reduce current loans. It is essential to reassess your total property value and make a decision to sell your property at the right time.

4.     Increase Price of Monthly Rents

This is perhaps the easiest and simplest way to deal with the higher tax prices. You can lift the price of your rent. Most of the landlords will be doing the same, thus it won’t make much affect on the market demand and supply. After the recent increase in tax prices, it is only natural for rent costs to go upward as well.


Take control of your finances with these 5 Free Apps

Financial management is one of the hardest things to achieve on a day-to-day basis. Some people can run a household in a limited amount of money while others may struggle even if they earn considerable amount of money. The feeling of being stretched for finances at the end of each month is an indication that you are in need of serious financial management help. Yet, getting your finances in order and taking control is easier said than done.

In our busy day-to-day life, it can be quite a challenge to manage finances manually and lead a normal life. This is why more and more developers are coming up with apps to help people manage their finances. Here is a look at five free Apps to control your finances.

·        Personal Capital

This monetary control app can give the user control of their assets and their liabilities by making them visible for daily viewing. The financial app was recently named the best free app in the world for financial tracking. This application is able to help its users create budgets, track the spending being done on it, and takes a look at their investments.

·        Quicken

There are seldom tools as comprehensive as this one. The Quicken application is able to provide the user a complete picture of all of their accounts.  Among the various financial management and control functions provided to by the application include getting reminders of bills, setting a budget and even finding your credit score to help you with loan applications etc.

·        Spending Tracker

The hardest part is keeping track of all the money that you have spent over the week and the month. This is where the spending tracker application comes in. The application is easy to set up and easier to control. Users are able to record all that they have spent and find interactive bars and reports on their spending patterns. This application not only helps keep a record of all the spending done, it also makes sure you know what budget to plan next time.

·        Mint

This is perhaps the most important and popular finance application in use today. The app helps you manage different aspects of your financial journey throughout the day, week, and month. The application is an amalgamation of most of the major functions of other apps such as keeping tracks of your accounts, making budgets and noting spending on a day to day basis. It helps you keep track of all of your financial management in one place.

·        Goodbudget Budget Planner

This application is to help people who are prone to making budget and not following them. The application is frequently recommended by online users because it lets you make your budgets, gives you reminders of your budget and makes sure that you met your goals.

If you think it’s time you took hold of your finances, the following apps should be your best friend.


What to Do When You Hit an Unexpected Jackpot

There is always a chance of getting an unexpected jackpot or a lump sum amount of money. You may think that such an event can secure your finances for the rest of your life, but rest assured there are many individuals in this world who have squandered their finances in a spectacular fashion. You need to manage your money regardless of its origins and ensure that you and your coming generations can feed off the unexpected financial gains in a stable manner.

Here, we discuss some of the tasks that you must undertake if you gain a large sum of money. Surely, you cannot start to buy expensive items from day one. Read here to gain what is the best manner of employing a jackpot.

Seek Anonymity

The first and foremost step is to ensure that you do not instantly get famous. Often when you win a prize lottery, it becomes impossible to remain out of the limelight, but you should always avoid as much attention as you can. Once you are recognized, you will find that a wake of vultures will attack you to get some part of your fortune.

Many financial experts will also contact you to venture in many of their “amazing financial schemes”. You should stay away from them and avoid requests from as many people as possible. You can also receive a large sum of money anonymously by appointing a lawyer and creating a limited liability company to receive a payment.

Keep Your Lifestyle

You may not have told anyone about your fortune, but if you suddenly change your lifestyle, then everyone will find out about you. You cannot expect to quit your job, buy a luxury car and own branded products and think people would not know that you have somehow inherited a fortune.

You should always wait for some time before taking any drastic steps. You should keep it simple till then, and only take the financial steps that you already planned before earning a sudden fortune.

Pay Off Debts

You want to spend some of your fortune! Then go ahead and pay off all your debts first, such as a car loan, home mortgage and credit card bills. This is the best way to spend the initial amount of money when you have somehow accessed a jackpot.

The best way to enter a new life of financial security is to start with the conviction that you no longer will indulge in borrowing any loans or sums due to any reason whatsoever. The best investment with money is to remove your outstanding dues.

Get Retirement Plans

You should also go ahead and buy the best retirements to secure your future. You are nice and well and able to take good care of you. An excellent retirement plan will ensure that even if you squander your current fortune, you will be able to live off well by the investment that you make in the current time.

Although it is hard to control your urge to spend a fortune when you feel that you did not earn the hard way, it is still better to be resolute and spend wisely. This way, you will not only help yourself but also help others as well.

Finance, Loan, Payday Loan

What Is A Payday Loan And How Does It Work

There are a lot of unexpected things happening every day. Things like medical emergencies or some other kinds of financial emergencies, and if you’re like most people who don’t have any money in their savings account, you might want to know what a payday loan is.

A payday loan is quite different from a regular banks loan. These kinds of loans are usually for a smaller amount of money and for shorter periods of time.

For example, when you go to the bank you will take a loan and repay it over a few years, but with payday loans, it’s usually more like two weeks.

You can look at payday loan something like an advance on your salary. People call it different names, like payroll loan, short term, salary loan, small dollar loan, cash advance etc.

From these names you can kind of get the picture of what it really is. So how much money can you borrow?

The money you can borrow goes as high as one thousand dollars. It usually varies from 100 to 1000 dollars and as we’ve mentioned before, you will have to repay it in the next 14 days, usually when your next paycheck kicks in.

There are a lot of retails that offer payday loans and there are even some you don’t even have to visit personally, you can simply visit them online and ask for a loan.

So what do these companies ask for before they issue a loan? The answer is – not much.

They don’t care about your credit history or your savings account, the only important thing is that you will be able to pay it back, and ”paying back” should be important to you as well, and here’s why.

Payday loan usually has a fixed rate on 100’s. For example, you will pay 15 dollars for each hundred dollars you borrow. So if you borrow 500 dollars, you will have to return 575 dollars, but, if you fail to do so in a fixed time frame, you will get burned.

The interest rates and additional fees are incredibly high. If you fail to repay on time, you will have to pay a lot more. So while applying for a payday loan, make sure you will be able to pay it back when the time comes.

The information these companies take is usually regarding your personal information and your job. They will ask you to write a check for, let’s say 575 dollars which they are allowed to cash in from your next paycheck should you not return and pay it personally. If they can’t get that money from your paycheck because there is not enough, then additional fees kick in.

These kinds of loans are good for unexpected emergencies, but before you apply for any kind of loan, make sure that it is absolutely necessary. Take a step back and think about other options, if you can’t find any other solution, then apply for the payday loan.


Finance, Loan, Two Wheeler Loan

Getting Easy 2 Wheeler Loans

Today commuting by trains and buses isn’t what one looks toward each day. Trains and buses may be irregular and overcrowded most of the time. So it’s usually safer to have your personal vehicle that may take you wherever you would like to go and without notice to visit. And it’s also not necessarily possible to take your vehicle to any or all locations where you intend to go. A 2 wheeler can show extremely handy on highways along with by lanes locally or village.

Bikes and scooters are superior to their four wheeler counterparts in lots of aspects. Firstly, they do not occupy the maximum amount of space like a four wheeler does. So, you can drive-thru the traffic faster. Two wheelers provide you with more mileage when compared to a car. Also, there is a question with the price; perhaps the world’s cheapest car is more expensive when compared with a couple wheeler.

By having a boost in interest in two-wheelers in the big cities and small towns, several new types of two wheelers are already introduced that cost only a couple of thousands. With easy finance schemes, you are able to pay in small installments too. You can purchase your favorite bike with easy two wheeler loans provided by several banks and a lot boat loan companies.


Two wheeler loans provide funding for about 70-90% from the on-road cost of the automobile. The pace of curiosity differs from 10% to 16% based on eligibility and credit score. Most banks have different rates for urban and rural areas. Some banks make concessions for girls by giving them special rates.


These plans are for sale to tenures including per year to years sometimes. Trying to get a couple wheeler loan is simple too. Sufficient reason for a small variety of documents necessary for processing, most banks, and financial institutions process it within just 2 days. The documentation process could even happen faster when you have a credit score together.

All that’s necessary are a few photographs, a totally filled KYC (Know Your Customer) form, your earnings proof, your address proof, and postdated & security cheques. Farmers may also forego the income proof documents towards their land documents.

You are able to repay the credit in easy EMIs (Equated Monthly Installments) by cheques, ECS (Electronic Clearance Service) or by salary deductions. You could decide to prepay the complete amount you borrow in a nominal preclosure rate.

It’s easy to get

Although two wheeler loans are really easy to get, you need to perform a thorough research all on your own before purchasing the financier of your choosing. If it is possible to, make contact with a bank representative in a local branch. It will allow you to gain more information on which you’re on the offer of course if it is possible to bargain somewhat, help you strike a good deal.

So, take full advantage of these easy finance options and acquire yourself both wheeler vehicle that you simply always aspired to buy.

Payday Loan

Direct and Indirect Payday Lenders

Believe it or not, but most times when we are in a financial dilemma, it is always a lender that appears as a savior. The only thing that could save us from money problems is a little extra money itself. And even in those times, not every lender is up and ready to help you, considering your credit history might not be so good, or your credit score is not up to the mark. Most times even banks refuse to assist in such tough times, when they see that the income of the person is barely much or if the borrower has nothing to offer as collateral.

In fact the only lenders that can help the borrowers are these two kinds of payday loan providers; direct lenders and indirect lenders. Since it is payday loans that we are referring to, they could easily be approached through a thorough research on net. But first let’s understand the difference between these two kinds of lenders:

1.     Direct Lenders:

 A direct lender is the one who lends cash to the borrowers himself without involving any middleman or a broker. When a person approaches a payday storefront or a financial institution directly to apply for a payday loan and get it from the same source then it is said to be a direct lender. Since they are almost as concerned about getting the amount back as the borrower is with returning it, they seem to sympathize with the borrowers and offers them some flexibility and various options that best suits their needs. Connecting with payday loan direct lender for acquiring the loan also makes the process faster of as it doesn’t have to go through one more channel before reaching the source.

2.     Indirect Lender:

Payday Loan Direct LenderAn indirect lender is the one who does not lends money himself but acts as a broker or a middle man between two parties. An indirect lender provides a connection between a borrower and a creditor. How do they benefit from this deal? They get compensation from the lenders when they provide them with a borrower. This doesn’t necessarily make them dangerous or untrustworthy, but they’ll do anything to make sure that the person is taking the loan, regardless of the act whether a person will struggle at the time of repayment or not. Some indirect lenders in their task of selling, even ends up misguiding the borrowers which cause a lot of problem for them later. However there are also many indirect lenders out there who have connections with some good lenders who provide good interest rates and flexible payday options.

Payday lending is a short term advance loan that offers instant cash to the borrowers with quick approvals, and easy application process. They could be acquired either through a direct lender or an indirect one. Since it is a loan without any background check or a credit checks, it is only for a short time period and has to be returned by the next payday of the borrower.