How to Spend Frugally At Home and How Doing So Will Help You Escape Debt

One of the most direct way to change your life, you need to change your attitude.

No one else is responsible for what happens to you but you, so you can either complain about the things you don’t like in your life or you can set about changing them. Not surprisingly, this directly relates to the state of your finances.

If you’re tired of living paycheck to paycheck, having your phone regularly cut off, or making excuses to skip dinners with your friends, then you can use these 2 tips to take control of your money situation and live a happier and more frugal lifestyle:

1. Be Proactive

The first to develop is to take responsibility. If you fail, you have no one to blame but yourself. Regardless of how you were raised or how you were treated at school, you can choose your behaviour now. Being proactive means understanding that YOU are in control of your day-to-day interactions, and thereby, the direction your life takes. This is in stark comparison to a reactive person, who is often affected by their environment and will find external sources to blame for their behaviour.

For example, if the weather is good, they’re in a good mood, but if the weather is bad, it affects them and they blame the weather for their bad mood. Speaking of good weather, you might want to visit Harpers Facebook page and take a look at their different blinds that would definitely suit your windows in whatever weather condition.

What most people forget is that though you can’t control the stimulus, you can control your response. One of your most important choices is your words. The language you use is an effective indication of how you see yourself.

If you use proactive language, such as “I can” or “I will,” you’re starting with a more positive attitude than someone who uses language like “I can’t” or “I have to” or “If only.”

2. Begin with the End in Mind

Those who are effective in achieving their goals are able to envisage their desired end result in spite of the obstacles. Effective people adhere to this habit based on the principle that all things are created twice. There is first the mental creation, then the physical creation. The physical creation follows the mental creation the same way that a building follows its blueprints.

If you don’t visualize what you want, then you’re at risk of other people and external circumstances influencing your life because you’re not influencing it yourself. Instead, begin every day and every task with a clear vision of where you want to go and how you’re going to get there. Make that vision a reality with your proactive skills from habit one.

Like what I do with myself, I opt to look for cheap products rather than expensive ones. For example, I usually look for cheap blinds in Manchester rather than the other expensive products.

Live frugal

Frugality doesn’t mean having to give up all the luxuries and things which make you happy. Don’t get burned out by developing habits one through six without taking the time to renew yourself. Frugality is something you want to develop and maintain for the long-term. Follow these tips, and you’ll be on your way to becoming a highly frugal person!

Tips about Debts in Small and Big Businesses

How to get out from under that increasing and mountain of debt especially for small and even bigger business establishments? Well, here’s how you can make your bank works for you and not the other way around.


For small and big business owners out there, good news because all debt can be reconsidered and reduced, rescheduled and even removed and not just worked out if that’s the only thing you only know.


If you are one of these businesses owners, then we strongly suggest that you should put your focus on bank-secured debt especially if you have loans because you have given that bank collateral that will end your business in just a snap and if those banks come to collect. The good news is that it’s possible to renegotiate a loan with better terms. Here are the ways you can make that in the other way around with your bank:


Consider Payment Default

Have you tried not paying your bank before? This may sound a little bit contrary to the logic of paying debts for your business but it is the only way you’ll get the bank to work with you when you are in payment default. Your bank won’t work with you if your payments are current, so you need to get their attention and let them know there’s a problem.


Talk To Your Bank

When you have stopped paying your bank and considering payment default as we have said above, you have got to see them in person and immediately discuss with them your business situation. When you do it, things will start to happen. They will automatically start to adjust the interest and you might get a delay in having to make payments with these changes happen. If you get skilled support from a seasoned expert in debt workout you can even achieve debt forgiveness.


Come Up With a (Backup) Plan

This one is the best thing you can do for yourself. You need to come in with a plan of how you are going to boost revenue and reduce overhead to create the extra income you are aiming and needed to pay the monthly debt service for the loan you have. You’ll need to include benchmarks so the bank can see that you’re on your way toward achieving the cash flow needed. Present a plan to boost performance that is based on hard logic and clear commitments over a specific time period so your progress can be measured.


Demonstrate Equity and Value of your Receivables

When planning to do this, you need to do this without messing around. You need to demonstrate the value of your receivables and the banks might request that you bring in additional collateral and soon they will give you additional chance. Be sure you are going to win if you do that because the more you pledge to them, the more it is risky you are taking on.


When your business is in debt, sometimes you need to simply be open about it and there comes a time to cut and run. Don’t feel guilty about not paying back a loan to a bank. It is part of the business cycle. You must survive to start over again. That’s how you run your business away from any debt.


When Should You Go For Debt Counseling and Consolidation?

Having debt is a huge state of difficulty. Evidently, you have credit due your way and you have to pay them off to free yourself from them. But it can definitely be hard to do so, especially if you do not know how to manage your finances or if you really do not have the money.

Overcoming this situation can be done in numerous ways. One would be debt counselling. It is an alternative way to absolve yourself from your monetary struggles. With it, you are provided a repayment plan that is affordable for you to follow, and is acceptable for your creditors. You will then get to protect your assets, among others.

Debt counselling requires you to apply for your over-indebtedness though, and it can still very much cost you. There will be an application fee and if you get rejected, there is a rejection fee as well. Legal fees may be expended too. Anyhow, the debt counsellor you will hire will do the negotiations with your creditors and will arrange that credit terms be extended and the instalments and credit rates be reduced.

If that does not appeal to you, you can manage debt through debt consolidation. Debt consolidation is basically getting a loan to pay your other loans. Usually, lending institutions can issue and offer you this, but you will be required to put up a collateral such as your residential property. With its lower interest rate, there is no doubt why many prefer this form of debt management. You have to be thorough when it comes to other terms of the arrangement though.


Tips for Proper Credit Card Management This 2015

Tired of the same old routine about your credit card exceeding bills? Do your credit card bills give you too much problems every day? If you are wondering how to shore up your credit card habits that would help you keep your debt track and in check, here are some proper credit card managing tips that would help you manage your debt and the use of your credit card this year:

Avoid Payment Delays

If it is possible for you to pay on time with your credit card bills and other debts, you should do it before it is too late. It is the number1 way to improve and keep good credit from your bank. It is also a way to demonstrate that you are a responsible individual when it comes to your debt payments and on-time check. Most on-time payers are praised by the banks all over the world and it is a way to give good relationship with your bank and to your credit card management. Timely payment is the easiest way to improve your credit status. It can also ruin your credit card reputation if taken for granted.


If Possible, Pay More than the Minimum Amount Due

When you pay the full amount due each month, no interest charge is added to your account so your cost is the amount on the price tag. If you make the minimum payment, interest payments will be added to your unpaid balance. Over time, your unpaid balance will grow as interest charges are added on top of the original amount you charged. You will pay interest on your interest charges. You can learn all of this when you have time to talk with your bank officer and ask for some advice about paying more than the minimum amount for your credit status.


Review and Read Bank Notices Thoroughly

For credit card owners, there are times your credit card company will send notices to your homes or offices through email or snail mail when changes are made to your current contract. Once received, review them carefully and all the important information regarding your account that may be hidden in what looks like an advertisement part of the letter.


Cash Advances or Courtesy Checks

There are credit card companies who offer cash advances or courtesy checks particularly to first-time credit card owners. These marketing advices may seem very attractive to grab on but the interest rates are so high that you could end up in more financial trouble than you are right now. Be careful when you are offered by this.


When Traveling or Emergency Cases, Use Your Credit Card

Aside from financial trouble credit card might give to you, they are also best for travel or emergency cases like hospital bills and others. Cards offer travel protection against theft and can be much safer than carrying cash or traveller’s checks.


When You Overspend, Time to Freeze Your Card!

If you have seen the movie “Confessions of a Shopaholic”, there is a scene wherein she froze her credit card inside the freezer to avoid overspending with her addiction to shopping. You can do it in real life too. You can freeze your credit card in a bowl of water if you are really weak when it comes to spending too much on something that is not worth it. If you are ready for a change, thaw the frozen card in the refrigerator. You have plenty of time to decide whether you really want to make the purchase now, buy later or save your time and money for another day.


We hope these tips will help you with your credit card managing and planning ideas. You can visit our page anytime for more financial tips and advises.

Tips about Debts and Retirement

When the time has come that we need to retire from our current job and time to rest and have our business, raise our family and be stable for the rest of our life, that’s the time we think about retiring.

The last thing we want to worry about when we think about retiring is making room for proper budgeting and how to pay off the debts before it haunt us down.


If you are experiencing debt before or during your retirement process, you might end up having a lot to pay off after you have receive your retirement payment and after you’ve left your workforce. These debts might eat up all your budgeted money faster than you could ever think of. According to most research, unfortunately, too many people find themselves in this situation.


How can you have fun and do anything you have expected once you’ve retired if you are facing too many debt payments? In order for you to avoid this problem before you retire or when you are processing your retirement period, make sure you are debt free by the time you retire. That means your mortgage should be paid off, your credit cards have zero balances, and you should own a car that has been paid off. Here are some helpful tips to settle your debt problems before or during retirement:


  1. Time to make a budget first

When planning on retiring this year, get on track with your financial status by creating your own monthly budget. Start by keeping track of your income and expenses, and make sure your budget accounts for everything – monthly expenses, yearly expenses and occasional expenses. Once you understand your budget you can begin figuring out ways to add cash to it by finding places to decrease your expenses.


  1. Pay as much as you can each month

Aside from paying the exact due amount, you can pay more than the minimum of your bills. This is extremely important if you are hoping to eliminate your debt faster. The smaller the payment, the longer it’s going to take you to repay the charges. Take that money and make sure it’s going toward your monthly payment.


  1. Talk your way with retirement contributions

This is something you should only consider if you have a lot of credit card debt and aren’t able to get a second job to help eliminate some of your debt. You should tread carefully with this one if you are planning to enter retirement contributions during or after your retirement process. This strategy works by paying extra on the debt with the highest interest rate while paying the minimum on everything else. Immediately after, you need to increase your contributions to your retirement plan and get rid of your credit cards for good.


  1. Take debt consolidation into consideration

For retiring individuals out there, this would be your very last option in taking care of your debts during or after your retirement process. If you’re at or near retirement age and are still dealing with thousands of dollars in credit card debt, look at your options for consolidating or eliminating the debt. Bankruptcy may be the only choice in some cases when retiring.


Before or if you are on the verge of applying for retirement soon, make sure you take some time to discuss your debt situation with a bankruptcy lawyer or professional financial adviser.

Introduction to Financial Planning

Everything around us starts from small things before achieving it and make it bigger. Every last penny we have has its own meaning and value; not just to ourselves, but it also define who we really are as a person and how we value money in which it reflects in our lifestyle and behaviour.

We all have goals in life, dreams in which we want to achieve, ambitions that we want to pursue in the future, and our families that we value most as part of our life. But the question is how do we achieve them all? The answer depends on how we start our day to day financial planning.

Everyone can a professional financial planner and adviser. You don’t have to own a degree in a prestigious school, be in the top rank of passers in exam or a multi-millionaire to become a professional financial planner and adviser. It all depends on how we handle the truth about saving and spending money in our day to day lives.

Financial planning is the process in which we, and you, aims to help each other realise that your ambitions can be fulfilled with the right planning and guidance from experts of this field. Whatever your ambitions are, with the right planning and steps to follow, you are in the right direction.

For me, as one of the professional financial advisers, we can help you make informed decisions about your financial future, from short, medium to long term plans you want it to be. We can guarantee to give you full advising service that is worth your time.

If you have already have certain plans of one kind of another like for example when buying a home, starting your own family, living abroad for the better, perhaps retiring from your current job, and so on. Let me tell you this, such ambitions have financial implications included and you can’t leave it all to chance or all by itself. You need to have careful planning that aims to help turn your plans into a reality. The sooner you start your financial planning, the greater your chance to achieve them and realise your goals in no time.

When it comes to financial planning, there are so many issues you need to put to consideration especially if financial planning is about your financial future. Here are some few thoughts that might provoke your milestones in life that can assist you with your financial planning task. Here are your milestones in life:

> Birth

> Start School

> University or College

> Start Work

> Change of Job

> First Home You Own

> Married Life

> Starting Your Own Family

> House Moving

> Change of Location

> Redundancy

> Starting Your Own Business

> Problems Encountered

> Divorce Settlement

> Health Problems

> Death


These milestones of your life, it all can be easily taken for granted. But it is a lot to think about when you are making plans for the future. Of course, you can change the milestones of your life starting this moment.


For better financial planning, here are the things that can enlighten you about it:


  1. It can help you increase the value of your savings as well as your investments in a tax efficient manner.
  2. It can help you protect yourself and you dependants’ income in case of unnecessary problems.
  3. It can increase the after-tax legacy that you pass on to your beneficiaries.


You can be assured that financial planning will provide you with professional financial advice in regular views and evaluations of your financial plan. You can start changing your financial situation right now!