How to Avoiding Impulse Spending

 Answer these questions truthfully:

1.)        Does your spouse or partner complain that you spend too much money?

2.)        Are you surprised each month when your credit card bill arrives at how much more you charged than you thought you had?

3.)        Do you have more shoes and clothes in your closet than you could ever possibly wear?

4.)        Do you own every new gadget before it has time to collect dust on a retailer’s shelf?

5.)        Do you buy things you didn't know you wanted until you saw them on display in a store?

If you answered yes to any two of the above questions, you are an impulse spender and indulge yourself in retail therapy.

This is not a good thing. It will prevent you from saving for the important things like a house, a new car, a vacation or retirement. You must set some financial goals and resist spending money on items that really don’t matter in the long run.

Impulse spending will not only put a strain on your finances but your relationships, as well. To overcome the problem, the first thing to do is learn to separate your needs from your wants.

Advertisers blitz us hawking their products at us 24/7. The trick is to give yourself a cooling-off period before you buy anything that you have not planned for.

When you go shopping, make a list and take only enough cash to pay for what you have planned to buy. Leave your credit cards at home.

If you see something you think you really need, give yourself two weeks to decide if it is really something you need or something you can easily do without. By following this simple solution, you will mend your financial fences and your relationships.  

God bless

Working at home online jobs

Intrigued by working at home my question is whether it’s possible for one to earn a living working at home on an online job. Who is going to give a job to someone they have not meet? How will worker get compensated? By which standard will your work be evaluated and can you work without supervision?

Who is going to give a job to someone they have not meet?

The deal is not as to whether they have not met this person it is whether they can do the duties assigned satisfactory in the time lines given. Trusting this person with important company information would be risky, therefore precautions and choice of right people is necessary.

Putting that aside there are jobs online that need nothing but know how and simple training that can earn good money for example marketing products for commission using affiliate marketing programs, article writing, data entry and market research to mention but a few.

How will worker get compensated?

If you do duties and are not compensated this is very de-motivating, know beforehand how you paid would help in deciding whether to take up the job. Perhaps negotiating for half payment before hand and the half after completion would work in one's favor.

Having a paypal account or signing up to online payment methods would make it easy for your employer to pay you.

By which standard will your work be evaluated and can you work without supervision?

My guess is that if you are paid and asked to do another job this is evaluation in itself of your skill you are good or have potential.

Who can succeed working at home?

The main key is be motivated and have some skills. It will take a lot of hard work, strong will, organization and determination to be real successful.

Setting some goals on how much you want to earn and time you want to devote to this online job be it full-time or part-time will keep you focused.

Requirements for you to work successful at home

·         A separate work space free from distraction

·         Internet connected computer with desk and chair

·         Ability and desire to work un supervised.

·         Basic use of internet and search engines

·         Accountability of your time.

The good and bad of working at home

The good

1.       You will be your own boss; basically you will decide what to do when to it success is your decision.

2.       There will be no communing to work this will cut your transport expenses.

3.       You will be in control your future

4.       Perhaps you want to raise a family or spend quality time with family and friends this online job will give you a chance to do this.

The bad

1.       No guaranteed salary at end of every month like you are used to

2.       You may have a small steady income no paid medical or dental benefits

3.       Distractions while you’re working that may hinder finished work

In conclusion

Working at home online pays because there will be a balance between work and family time you gain the benefit of both.

Working at home online: Research resources

Work from home data entry jobs:
http://makemoneyathome-intel1.blogspot.com/:            
http://goo.gl/6u0g8
                                                         

Customer service group:  www.customerservicegroup.com/pdf/42415_At_home_FAQs.pdf

Manage Your Debt Today

Submitted by ppiclaims49
Sat, 22 Sep 2012

Today, most of us have taken at last one loan and some more than one. Taking a loan is easy; its repaying them which is hard and needs proper planning and this is where we come in. our experts are ready with debt management plans to assist you with the management of your debt as is best for you. Our debt management plans are individually tailored based on what you can be afford to pay on a monthly basis. To achieve an accurate figure, an income and expenditure test will establish what monies are coming into the household and what is being paid out. Income and expenditure includes everything, such as rent/mortgage, secured loans, utility bills, and essential living expenses (food & TV license etc.). Once the income and expenditure is completed, the leftover amount is considered to be your disposable income which is divided amongst your creditors.
First step towards managing your debt is ti understand the services available to be free from debt. These include:
• Debt Management through Consolidated Loans- All the loans you have taken are consolidated and instead of paying off several loans you have to repay one larger debt off.Paying interest on one loan only saves your money. Many people owe their financial survival to the debt consolidation loans that helped them counter bankruptcy and other debt related problems. Loan provide helps in the settlement of loans.
• Debt consolidation through Debt settlement- under this type, a debt settlement company settles all your debt while you have to repay the company monthly installments to the company.
• Debt Management Education Programs- Many companies are now offering programs on how to control your debt, how to select a loan and how to budget. It helps o keep you from getting caught in debt trap again.
• Debt Consolidated Mortgage- it is a second mortgage that includes some of the debts taken for the previous mortgage. The benefit is that borrower gets to repay at the rate of mortgage.
If your self repayment plan has failed, then it is time to hire a specialized firm to help you out. Never forget to check their license. Profile, their client's testimonials etc. You can go to Attorney General or Better Business Bureau to find out about the company's client services. It would be better to go through their information-privacy policy as well.
Points you should keep in mind while adopting a DMP include:
• Agree on a plan which suits you or else the problem might mount up.
• Inform your creditors and get their approval or it will not work at all.
• Make regular payments on your DMP as not doing so will reduce your credit rating.
• Go for written agreements instead of verbal.
• Maintain a record of your payments to avoid any hassles that may arise in future.
• Get a written agreement from the company to keep your personal information confidential.

Aim of a debt management plan should not be only to reduce the debt and make its payment easier but also to make the borrower aware so that he remains debt free forever.

Pay Yourself

Paying yourself is when  you take a portion of money earned just for your enjoyment, say buy something for you.
Paying yourself is very important for reasons we are going to see below;
Recently I was talking to personal finance expert after being frustrated for not enjoying my job
This is what I realised;

1. If you don’t pay yourself you will get the impression that you are working for nothing. All the income that comes in is paying for this and that, nothing left for you.
2. If I don’t love myself enough to give myself what I need I won’t be able to help or make someone else happy or satisfy anyone I am to serve.  Be generous to yourself, pay yourself an amount equivalent to what you would have earned when fully employed.
3. Your motivation will be as result of the things you do for you after you get that pay cheque. You are really working for something.

Those whose salary comes with all loans already deducted a small portion to pay you would do you good for your motivation purposes.
The lesson in this was self love to motive you.
“Love others as you love yourself “ comes to mind.
Be blessed.

Annual Budget For Better Personal Finances

Hello
I know there are all these complicated budgets, just want to make it simple.
You can make:

• An annual budget
• Monthly budget
• Weekly budget
• Daily budget

This depends on the circumstances, for example a restaurant budget should not be expected to be the same as a personal or family budget. A restaurant would be required to make a daily budget well as person or family can make annual,monthly or weekly budget.

Annual budget
This budget covers the whole year on monthly basis.
It will include expenses which are not in the norm of your expenses which will be expected to incur  for example study or tuition fees which is paid after every three months.
This really helps in planning your money in advance so that you are not caught unaware.

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Income

xxx

xxx

xxx

xxx

xxx

xxx

xxx

xxx

xxx

xxx

xxx

xxx

Total

xxx

xxx

xxx

xxx

xxx

xxx

xxx

xxx

xxx

xxx

xxx

xxx

Expenses

Rent/mortgage

xxx

xxx

xxx

xxx

xxx

xxx

xxx

xxx

xxx

xxx

xxx

xxx

Tuition fees

xxx

xxx

xxx

xxx

Postal rental

xxx

Water

xxx

xxx

xxx

xxx

xxx

xxx

xxx

xxx

xxx

xxx

xxx

xxx

Electricity

xxx

xxx

xxx

xxx

xxx

xxx

xxx

xxx

xxx

xxx

xxx

xxx

Others

xxx

xxx

xxx

xxx

xxx

xxx

xxx

xxx

xxx

xxx

xxx

xxx

Total

xxx

xxx

xxx

xxx

xxx

xxx

xxx

xxx

xxx

xxx

xxx

xxx

INCOME minus EXPENSE

xxx

xxx

xxx

xxx

xxx

xxx

xxx

xxx

xxx

xxx

xxx

xxx

The monthly budget we already covered is also similar to the weekly and daily budget,
The other budget you can look at is a household budget.
When making this budget every member of the house is budgeted for according to their particular needs in that month.

Household budget

You spouse  child Dependant Help Grand Total shoes xxx             xxx xxxx fees xxx xxxx clothes xxx xxxx pay xxx Total to include in others on monthly basis xxxx xxxx xxxx xxxx xxxx xxxx

Making a Budget

A budget is money plan

First we look at the importance of a budget:

•     A budget allows you to understand where your money goes.
•     A budget helps you not to spend more than you earn.
•     Budget helps to keep track of personal cash flows.
•      A budget teaches you difference between necessity and luxury.

I do this every month before my earnings come in so this really  works

Requirements for making a budget

You need

       A note book to start keeping records of what you are spending your money on,

 shopping with this note book would not be a bad idea. You could use your diary

The budget should be made before you spend.

•  List your total income for example salary, wage, child support any kind of   moneykind of money coming in.
• List all your likely spending

·         If you can afford you can buy software to help with making budget

Check here http://goo.gl/hY487

This is another link you check out http://christianpf.com/how-to-make-a-budget/

BUDGET FOR MONTH OF	FEB ETC
Income	Amount
Salary after tax	xxx
Extra Income	xxx
Total  Income after tax	xxx
Expense
Tithe (for Christian folk out there)	xxx
Rent	xxx
Electricity	xxx
Water	xxx
Food Stuff	xxx
Yourself	xxx
Others	xxx
Total	xxx
Income minus Expense	xxx

    

This is how I make my monthly budget there several other budgets we shall learn about next time

Solving personal finance dilemma

Hello

Hope all is well

Solving personal finance dilemma

Don’t  hide from your creditors negotiate with them
        How;

•            Be honest with them about your financial position, tell them the truth and come up with solution     together with them.  For example reducing the monthly payments. If you don't this only makes then angry.
•             Explain your commitment to pay that debt, hiding only makes things worse
•              Call them before they call you

Consolidate your debt

Borrowing from official lending agency at low rates for longer period will help clear short term debts.

      Discipline yourself

·         For instance change in lifestyle by focusing on what needs to be done than what you would like to do.

·         A what to do list or a budget every month or for all finances coming in would help you be check

Next time we look at how to make a budget