5 Easy Ways to Cut Down Grocery Costs

Just one trip to the grocery store can be enough to completely stress you out about your finances. Money magazine reports that the average American spends almost $6,000 a year on groceries. Furthermore, 14% of what we buy ends up in the trash. That's $840 in the garbage. It makes you sick, doesn't it? Well, don't worry! There are many things you can do to save money on groceries. And thankfully, you don't need to look forward to living off of rice, beans, and cup-of-soups. By following these...

What is Finance?

Finance is a science that deals with money, risk and time. To be more precise, it deals with how money deriving from various activities is spent. The importance of such science lies in the fact that it greatly influences each country’s economy, defines business networks and can determine both failures and successes. Just to make an example, a successful company that has a satisfactory turnover might easily lose everything it has by simply mis-investing its assets. That is why we might def...

The Key To Building Long-Term Wealth

Do you know anyone who has the stated goal to retire broke? Of course not! Americans do not begin working in their 20’s in order to retire with no money in their 60’s. Now, let’s lay this truth down as an assumption, and stay with me as I build an argument. Thus, we have an assumption that, as a general rule, the average American wants to retire with plenty of money. Next, let’s examine the average earnings of most Americans. Have you ever considered how much money you will make in your lifetim...

4 Ways Being Productive Online Can Pull You Out of a Financial Hole

People often fail to realize how productive online time can be. The expansive scope of the Internet means you have access to a massive amount of tools and information to better yourself personally and financially. Most importantly, by being productive online you can pull yourself out of a financial hole thanks to exclusive online money making opportunities. Whether you need to extra cash for the immediate future or working your way out of a debt filled financial hole, there are ways to become pr...

Make Temporary Part-Time Jobs Work for You

For one reason or another, you've suddenly found yourself needing a little extra cash. Maybe you have fallen into a bad debt situation. Or maybe you're facing an inevitable change in your life, like a new baby or a move across the country. Or maybe you'd just like to save up for a nice vacation or some other treat for yourself. You obviously have many options to help you reach this new financial goal, but did you ever think that working another part-time job on top of your standard job could b...

How Do Home Improvement Loans Work?

Home improvement loans are disbursed pursuing a repair work such as structural repairs, electrical wiring, plumbing, waterproofing, and painting or for remodeling the house with additional rooms or change of design. The loan amount depends on the type of repair or renovation and cost of work. Different types of home improvement loans available These loans can be either secured or unsecured. Unsecured loans are those that are disbursed on the basis of credit rating of the borrower. Wherea...

Why and How to Establish an Emergency Fund

As part of your financial planning for yourself and your family, it is advisable to set up an emergency fund. An emergency fund is cash that is readily available in case the unexpected occurs. Emergencies are typically identified as major health expenses, unemployment, home repairs as a result of an extreme weather event, auto repair or replacement, personal or family problems – anything that is unexpected and not in the family budget. Under most people’s guidelines, a trip to the Caribbean bec...

Common Money Drainers and Some Much Cheaper Alternatives

As any experienced saver will tell you, one key to saving money is, as a necessary first step, knowing what your spending your money on the first place. In other words, to change bad spending habits, you have to be aware of areas that you tend to spend more than is you should. At the same time, however, spending doesn't have to mean sacrificing activities that you enjoy. Think of saving like a weight-loss diet. For long-term results, the best way to save (and lose weight) is to strive for balanc...

Annuities Explained

Annuities are contracts between individual buyers and insurance companies or mutual fund companies. The concept is straightforward and easily understood. The annuity buyer pays the company a sum of money and the company agrees to pay it back often at a later time. This can provide a significant benefit for the purchaser by allowing him to defer income from his peak earning years to a later date when he is retired and earning less. It also can reduce the buyer's tax burden and make his reti...

5 Lessons About Managing Money I Learned From An 8-Year Old

When you're young, life is so much easier, isn't it? Sure, you have to deal with parents, and your friends can change from day to day. But each day is its own day. Most problems don't carry over to the next day. You don't have to worry about the future. Because today is more important. There are lots of lessons we can learn from kids. Some of them are easy to incorporate into our adult live. And some of them aren't. But we can still learn a lot by watching children, whether they are our...