Finance Archives - Page 21 of 23

Master the Cash Class: Great Money Lessons Your Kids Will Never Forget

February 14, 2017 by admin

Many of the lessons you learn in your formative years will often stay with you for the rest of your life, which is why it is so important to teach your kids about money so that they can become financially savvy adults.

Here are some insights and tips on the basics of financial management that you should be trying to instill within your child’s psyche from an early age. There is a look at the importance of teaching them financial lessons, ways to encourage a savings habit, and why what you do with money will shape their future habits.

No one wants to be financially illiterate

We are taught how to read and write at school as well as basic math skills but one thing that seems to be sadly lacking in the educational curriculum is some lessons on how to handle money when you are an adult.

The only way your children are going to find out about how bank accounts work, how to use credit cards and how to build a good credit profile, is if they find out for themselves or you take the trouble to teach them.

Teaching them early is the preferable option as it means that they have a better chance of avoiding some financial mistakes along the way as part of their learning curve.

There is a good chance that you have made some financial mistakes in your life that you learned from, so it makes a lot of sense to impart this wisdom to the next generation and give your kids the chance of a head start, by understanding what they are doing with their money from the get-go.

Get them into the savings habit

Starting kids off early with a piggy bank is a great way of teaching them the discipline of saving for something they want and understanding that you can’t always have everything straight away.

Most children feel really pleased with themselves when they see all those dollars they put away from gifts and doing chores, turn into a sizeable sum of money that is enough to buy what they have been saving up for.

Encourage your children from an early age to develop a savings habit and it there is a good chance that it will stick with them when they are adults.

Lead by example

Your children will learn a lot of their life skills from you and it is down to you to try and set a good example.

If your finances are a bit chaotic and you don’t often have any second thoughts about using your credit card to pay for meals out or the groceries, there is an increased risk that your children will copy this attitude and could result in them overspending and running into trouble.

If you have a stack of credit cards in your wallet, one solution could be to transfer all of your balances to one card to gain better control. Another good idea would be to try and show some restraint with your spending on these cards and talk to your kids about how interest rate charges work when you borrow money in this way and don’t pay it all back on the due date.

Money doesn’t grow on trees

How many times did you hear your parents say that to you?

The fundamental point to get across to your children is that money has to be earned and doesn’t just get given to them. If they grasp that concept and develop a healthy respect for money because they have had to earn it by doing some chores around the house, this can only be a good lesson for when they have to fend for themselves as an adult.

Sam Bentley has 3 kids; 2 sons and 1 daughter and he is intent on raising them to be honest, well-rounded individuals who can stand on their own 2 feet in life.

Online Investment for Beginners

February 1, 2017 by admin

Investing may appear like a daunting endeavour for someone who has never tried it before, but the decision to get started is the first step. Online platforms have simplified a lot of aspects of investing such that you can do it without the help of a financial advisor. Undoubtedly, it will be confusing trying to decide what kind of investment suits your goals and which ones to stay away from. Also, you must decide how much time you can dedicate to your online investments. Even though the internet offers the convenience of trading from anywhere at any time, you still need to monitor your investments carefully. A few other tips will keep you on the right track.

Plan

For any investment to work out, it must be guided by solid objectives. Don’t just start putting money in different assets, hoping that something will work out. For one, know your tolerance for risks before getting into online investing. How much are you willing to lose? Establishing goals gives you a blueprint for your other decisions. For example, you may be looking to get some extra cash for your child’s college fund. Or maybe you want to make the most of your retirement savings. With the knowledge of what your investments are supposed to achieve, it will be less challenging to pick the most suitable ones. When setting goals, be realistic and know where your limitations lie.

Make Use of Resources

The beauty of investing online is that there is so much education out there that you can capitalise on. Websites like Google, Yahoo and MSN, have comprehensive finance sections that will provide you with helpful information on just about everything. When you want to know how different markets are performing, you can find news articles online. Get an understanding of the basic concepts of trading online, so you know where to start. For example, learn about the different types of trades available from spread betting to stocks to CFDs. Some investments will require more effort than others, so be ready to put in some work.

Find an Online Broker

Investing online means working with a broker such as CMC Markets. However, before putting your money on any platform, be sure you are working with a legitimate business. Cases of fraudulent brokers have increased steadily with the use of online trading robots. To avoid falling into a scam, ensure that the online broker you pick has a license from an authoritative financial regulation body. For example, if you are using a broker based in Europe, check for FCA or CYSEC licensing. Research an online broker thoroughly and get unbiased opinions before you start using its services. Also, find out if there are complaints against the broker you intend to use.

Practice with Fake Money

For a complete novice in investing, don’t begin using online platforms with real money. Be confident that you know how a particular tool operates first before using your hard earned money. You can find investment simulators online, which will help you practice a few strategies first. Some trading applications also have demo accounts, which are useful for training purposes. A dry run will help you gauge the functionality of a trading tool, its withdrawal and deposit methods, among other features.

Diversify

It’s a mistake to put all your money in one investment, especially if you are starting out. Even when an asset seems like a sure thing, you cannot be unequivocally certain there is no risk. With money in different instruments, you divide the risks such that when one fails, you still have another one. However, don’t have too many fingers in too many investment jars that it becomes impossible to keep up. For a beginner, two assets are a good place to start after which, you can expand your horizons with experience.

Protect Your Information

One threat that comes with using online platforms is compromised security. Computer systems face several risks such as hacking, ransomware and malicious attacks. When investing, a lot of data is transacted, and that information can be damaging if stolen or lost. Before you start depositing money into a brokerage account, ensure that your system has all the necessary protections to keep all thOnline Investment for Beginnerse details safe. Invest in robust firewalls, antivirus and data redundancy measures. Check your computer regularly to guarantee that safety protocols are always activated and up to date.

Getting Your Car Ready To Sell

January 27, 2017 by admin

When it comes to selling your car, there are things that you will need to do to prepare it for sale, making sure that you can get the maximum amount of cash for your vehicle. Check various car websites and blogs for some excellent tips on how to get your car ready to sell. The first place that you will need to start is to get your car in full-working order.

Getting It Running

If your car is not already running, it is advisable to repair it before you start the selling process. If your car is running, then it is still advised to give it some basic maintenance first. You will want to check the brakes and all of the lights, and the oil and air filter should also be changed, as well as the spark plugs. It may not be worth your time or money in changing the wheels or tires of the vehicle, but you will want to make sure that the tires are road legal.

Sort Out All Of The Paperwork

You will also want to make sure that you have all of the paperwork in order for your vehicle, as without this you may find it tricky to sell, or you may only be able to get a reduced amount for the sale. Make sure that you have the log book and if possible a full-service history is preferable. Make sure the registration information is up to date also, and when you do sell it you will want to make sure that you transfer the ownership accordingly.

Give It A Clean

The last step before selling your car will be to get it looking nice and clean, and in a satisfactory condition. You can have this professionally done and have the engine cleaned at the same time, or you can do this yourself. Make sure that the car is squeaky clean and use cleaning products on the inside of the car to get it smelling nice and fresh again. Now that you have everything in order, you can start to contact companies such as https://www.sellmycar.com.au/ and see what they will offer you for your car. All you need to do is give them the make, model, year and engine size, and arrange for someone to come and inspect your vehicle. If you accept the price and have everything in order, you can have cash in your account very quickly!

Selling It Quickly

If you do use a company that buys cars online, then there will be some additional paperwork that you will need to supply. As well as all of the vehicles paperwork including registration, you will need to bring two forms of identification, a passport and current driving license will suffice, and also your bank details. With all of the paperwork being in order, they can purchase your car from you with immediate effect and transfer the money to your bank account within 24 hours.

If you need to sell your car quickly, this is the service for you!

Making money ON

January 11, 2017 by admin

In the latter days more and more people are thinking of opportunities to make money online. Nowadays, the World Wide Web offers a wide array of ways to earn additional or main income. Nevertheless, some people still consider that it is absolutely impossible to work through the internet, whereas others are convinced that very soon, online remote work can completely replace job positions in the real world.

Online gamblers

Being a gambler can be not only a hobby but an amazing method to make money online. Popular online casino websites provide lots of possibilities to do that for gamblers worldwide. The range of games as well as slot machines is so huge that everyone will find one or even a few favourite slot games that would bring regular profit. Furthermore, some websites don’t even require registration or investments. This is especially good for people, who don’t wish to share personal information. In simple words, if gambling is exactly what you like, then make it profitable thank to the best online casino.

Become a copywriter/rewriter

There are hundreds of available positions in this particular industry. In order to be hired, it is necessary to have certain writing skills and knowledge of foreign languages, as texts written in a foreign language are more valuable, hence profitable.

This way of making money on the internet can really replace real work in an office, offering even better salary compared to an office employer. More often such kind of a job is chosen by either women on maternity leave or students. So, if you are great at writing, love doing it, and have some free time, then why not turn great writing skills into a profitable income? Start small: take 1-2 articles a day to see how it goes and with the time and experience you can already write as much as you can.

Freelancers

Among all the ways to earn on the internet, freelance – is the most profitable. Being a freelancer means you can:

earn money writing articles in native or foreign languages;
take orders if you are a skilled web or graphics designer;
working with codes of you are a programmer;
teach children or adults a subject/ discipline you were learning in a University and are good at it, etc;

The choice of freelance jobs is really large. On the internet, you can easily find everything you want but all freelancers usually gather on certain job markets websites created especially for freelance activity. That’s why it is pretty easy to find a suitable position that corresponds your needs, preferences, skills, knowledge, and other criteria.

Sell things on eBay/Amazon

Selling things on eBay or Amazon can greatly improve one’s financial situation. All one has to do for that is sign up for free, define what you want to sell, and start uploading goods with pictures and descriptions. Available online auctions can increase the stated by a seller price, which is one of the sites’ advantages. As soon as every product is sold it is important to contact a customer and discuss all the details, after which a product should be sent to a client.

Ways to Carve Out a Living Online

December 20, 2016 by admin

As I’m sure you can imagine, living life on the road with 3 kids poses many challenges, education, safety, stability and the most important of all, money. My husband is fortunate enough to have a job where he can work from anywhere in the World so long as he has an internet connection and whilst I do spend much of my time with the kids, we realized that it was important that I earned as well. The internet offered the best opportunity for this as it meant that we could travel anywhere and still work.

If you are looking to make a living online then here are just some of the ways in which I’ve managed to do so during my time on the road.

Blogging

I should probably start with the most obvious, blogging, I started this blog as soon as we left home, the main idea was to let family and friends know what was happening with us and I soon realized that I could make some money from the blog. Advertisers are more than happy to work with blogs and pay them money to use space on the website, you can also monetize your blog with things like Adsense which pay you for how many visits you get. Just remember to keep your subject matter specific, generally writing about your life will interest few people, keep the content quality high and regular and be active on social media to gain your following.

Gambling

Back home I used to love a visit to the casino, slots, blackjack, poker, you name it, once I hit the road I started gambling online and it become a nice little earner. Once great site that has a lot of the latest offers is www.boomtownbingo.com, these guys have a massive range of games to choose from and I found some of the best deals to be on their site. The key is not only knowing what you are doing, but also not to be reckless with your stakes. There are loads of offers online that give you promotions like welcome offers and free slot plays, you can get more free no deposit slots and know more about online gambling with just a quick search online, there are some great companies out there.

Online Surveys

This is not a huge earner but it is consistent and guaranteed and if I was to add up all of the money that I’ve made over the years, this has without question been my steadiest income. In a nutshell, private companies and governments pay for people to fill out surveys about their lifestyles and their likes and dislikes. This information is used to know about demographic behaviors. Your job is simply to fill out these surveys and you will get paid a few dollars for each one. The work is incredibly simple, you just need to answer multiple choice questions and those few dollars can quickly add up to give you a pot of cash at the end of the month. On average I make around $75-100 per month doing this, it doesn’t sound like much but in reality I only dedicate a few hours per week to this and I can always rely on it.