Posts tagged: expenses

Super Easy Hacks To Running Your Household And Finances Smoothly In 2018

budgeting hacksWhether you have a family to look after, just living together as a couple, or you live on your own, running a home is never easy. There just always seems to be one thing after another. Bills to pay, chores to do, maintenance and general repairs. It never stops. It’s easy to let the whole thing overwhelm you at times. Especially if you have other commitments like a job or kids to look after. So I thought it would make perfect sense at this time of year to share with you some life hacks for making running a home and your finances smoother.

Have a household budget

Household bills can be one of the things many of us can struggle with month by month. Sometimes those costs can just spiral out of control. It’s not just those regular payments we have to make. Things like house payments or energy bills. It’s those costs that we can somehow not manage to predict as much. Things like food bills, clothing allowances and general day to day living. This is where your income can get swallowed up before you even know what has hit you. One of the biggest things you can do is regularly look over your outgoings and see if you can make some changes or save yourself some money. Speaking with mortgage brokers like Altrua Mortgage could help bring one of the biggest costs a month down or even help you release some equity for other things like home improvements or vacations. Switching energy suppliers or insurance providers can also save you quite a bit. You could then put it all together into a household budget. It can be the perfect resolve for this issue. It takes a while to get everything in check, but once it’s done, you will wonder how you ever managed before. Start by making a note of how much you bring in each month. The next step is to deduct those regular payments you pay each month, especially now you may have managed to reduce them. This should then determine how much you have left for everything else. This is where you begin to budget more carefully. Allowing certain amounts for things like food, savings, clothing and everything else. This is a basic budget. You can get many resourced online of you like a sheet to work through. You can then take it one step further and make a budget for savings. Things like birthdays and Christmas gifts. A budget can stop things like money causing you a real headache each month.

A cleaning schedule could work well

Chores are never ending. It seems the moment you tidy up it needs dusting, or the floors need mopping once more. To clean your whole house or home in one go can be difficult. Which is why a cleaning schedule could be the answer to all your prayers. This is where you workout and determine certain chores that need doing each day. It will allow you to spread out the bigger jobs and keep your home in good order on a weekly and monthly basis. You can even schedule in those yearly tasks like cleaning out the garage or clearing the gutters.

Don’t be afraid to hire help

It’s so hard to ask for help sometimes. I don’t know why but it just is. But this is where you can save yourself so much time by hiring someone in to do certain things for you. It’s not an easy way out; you are paying for the privilege. But it could free up more time for you to do other things. Life is too short, and it shouldn’t be spent constantly cleaning or working through that clothes ironing pile. It won’t be easy to find someone you trust, but I’m sure you will find the the best house cleaners for you. Just think how nice it would be to take some of those daily stresses away.

It doesn’t just mean hiring help for the interior of your home; household chores extend to your garden and the maintenance side of things. So don’t worry if you want to get a gardener to come and sort your hedges out every few weeks.

Create a family organizer to keep everyone in check

An organizer for you and your family may seem like a bit of a strange one to consider as a life hack for running your household. But keeping on top of things is what makes your home dynamic work. If you have after school activities that children need to attend. Or work meetings that you need to be aware of, then a family organizer can save you many hours stressing and allows you to be in more control of the situation. Sometimes, on some days, your partner may not need to have his evening meal because he’s working late. Sometimes your kids may need to be at school earlier due to a class trip. There are many times that a family organizer for each week can keep you all in check. Each day you will know what each member of your family needs to do or where they need to be. It will make mealtimes much easier as well as work out logistics.

Keep your appliances under regular services

The worst possible thing that can happen at one time is when your appliances fail on you. This could be anything from your fridge breaking down to your boiler stopping working on the coldest day of the year. These things do happen. However, you can do things to avoid the surprise. Having appliances and pipework regularly serviced means that you are keeping an eye on these things. An engineer may be able to pre-warn you if a certain part looks a bit ropey. This gives you the heads up to budget for those repairs instead of them coming as a surprise to you. Preparation is key to running a successful household. So do all you can to be one step ahead.

Meal planning

Finally, meal planning is one of the big things you can do to make running your household stress-free. What is it about meal times that can send your whole family in a frenzy? Meal planning is just what it says it is. It means sitting down at one point in the week and planning the meals you will eat for the week ahead. This then means you only buy what you need to cook those meals, which can save you a small fortune of your food bill. Each day you and your family will know exactly where you stand. You will know who is home for food and who isn’t, which will then have determined what you will have prepared. Mealtimes can be stressful, so make them easier on yourself by preparing and planning ahead.

I hope these life hacks get your household running like a dream.

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The Pros And Cons Of Your First Credit Card

money cardsYour first credit card is milestone in being able to stand on your own two feet. Not only can you improve your credit score, making mortgages more available to you, you can afford more bills and groceries each week, and you have plenty of backup cash in storage just in case of an emergency. However, we all know it isn’t simply sunshine and roses, so we need to think about the benefits and drawbacks of having a credit card. If you’re a young adult or someone older who never got the chance to before, and you’re just deciding to invest in a card of your own, here’s the biggest things for you to consider.

The Pro: Credit Cards Have Reward Systems

Credit cards, the more you use them, often have rewards for you to use at the end of the week or month. This makes them a lot more useful when it comes to shopping, and provides a little more incentive to use a credit card in a healthy manner. For your first card, looking into the systems each provider offers can require a bit of shopping around (to make sure you can use them for all purchases), so don’t make any decisions based on simple want alone!

The amount of different cards there out there means rewards can vary wildly from person to person. For example, with this in mind, you can get a variety of things on your credit card use, such as cashback for the standard types, or free flights for people using a travelling orientated card. It’s often a good idea to have more than one card in your possession, as being able to handle more than one at a time shows off how versatile and responsible you can be with money. It also means more rewards!

The Con: Debt Can Pile Up

Let’s face it, we can lie to ourselves a lot when it comes to money: ‘I need a new TV’ or ‘A few more dog treats won’t hurt!’ Even just thinking about the hypotheticals shows off how many different walks of life can bring in some debt when we let ourselves lose control.

At its core, credit is predatory, but that doesn’t mean we can’t use it safely. With this in mind, we can all agree that debt is a big drawback of using a credit card, and using your available credit too much is dangerous. Even the fact that credit card consolidation loans exist suggests that this is a common habit for people to fall into, so be aware of making excuses for yourself to use your credit card.

Don’t let yourself be intimidated by the amount of options there are on the market for getting a credit card. They’re there to help you rather than hinder you, and there’s no trap for you to fall into when you fully research terms and conditions, and any better alternatives! Balancing a checkbook gets easier and easier when information is so accessible like this.

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Advice For A First-Time Business Owner

time for businessIf you have entrepreneurial determination then that’s a good starting place for a business. Of course, it’s only one component of many. You need to think about your own experience or expertise regarding the management of a business, how you’re going to fund such a venture, how many other people you might need to hire to help you with this company, and, most importantly, what type of business you’re going to start. Money is probably the biggest worry on your mind but if you focus on making sure all other components of your business are running smoothly then the profits will look after themselves. Here’s some more detailed advice for any first-time business owners out there.

Become a real boss.

You might have an innovative idea and qualifications in a certain line of business but that isn’t going to be enough to transform you into a successful business owner. When you’re the boss of a company, you need to be an all-rounder. For example, if you’re running a legal business then it isn’t enough to simply have a qualification in law. You need to know how to manage finances, marketing, and, most importantly of all, people. If you want your business to get off the ground then you need to learn how to manage your team and fill them with the same passion for the company that you feel. Making that step will transform you from somebody with a great idea into somebody with a great business.

Research the market.

It’s your job to drive the direction of the company. You might have a good business plan at the moment but the market is always changing. You need to update your approach in order to adapt to a changing industry. You need an enticing and widespread online presence in this digitally-driven era of business, as we’ll discuss in the next point, so you might want to look into online companies such as Youi Pty Limited, who deal specifically with buying and selling goods online, for a little insight into their credit ratings and financial situation.

It’s important that you take note from other companies, whether they’re in your industry or not, so as to not only get an idea of what they’ve been doing well but what they haven’t been doing well. The great thing about being the second or third business to dive into a certain industry is that you don’t have to make the same mistakes as the companies that took the plunge first. You can save yourself a lot of money and time by figuring out how to cut straight to “Successville”.

Get your online marketing campaign right.

As touched upon in the point above, you need a strong online marketing approach in order for your business to succeed. You might not be a marketing expert but you should certainly get marketing professionals to help you if that’s the case. The “build it and they will come” mentality doesn’t always work because there’s a lot of competition offering the same products and services as your business. You need to stand out from the crowd if you want consumers to come to you. Figure out how to optimize the content on your website and social media pages so as to climb the rankings on Google and other search engines. That’ll get you in front of your target market.

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Can I Afford To Hire Someone?

business hiringFrom a financial perspective, running your own business is the biggest risk you can take, but can also reap the biggest rewards for you and your family. Running a business takes a huge amount of planning, time spent working, developing skills and completing orders. There will come a time within your budding business career that the jobs seem to mount up to a level which you cannot cope with alone. It is at this point which you may start to wonder whether hiring someone will benefit you and your business.

Think about yourself and how much you value your time. You are the owner and instigator of your own business, you are worth a lot of money, and this is money which should not be wasted by sitting in front of a computer checking emails, social media and handling tech support. These are all tasks which other people can do for you at a more reasonable price- so instead of costing yourself an hour of your own time, cost an hour of someone else’s.

It is hard to know exactly when the right time is to hire a new person you’re your team, but it really comes down to how much profit you earn and the time you take out of your day to complete tasks which prevent you from doing your work to its full extent.

The right person could save you time doing these small tasks and allow you to focus on new ways to expand and increase the profitability of your empire. You could end up deciding to expand overseas, open a store, or maybe invest in things such as foreign currency: http://trustedforexbroker.com. It will free up your time and in the end mean you can make much more money.

If you feel that you need someone there to help the business grow and prevent it from falling into debt, then you will have to make the financial sacrifice to start with in order to see those long-term results. It may seem as if you simply cannot afford to hire someone- but can you afford not to?

Hiring The Right Person

If you do decide that you need to hire an extra pair of hands, make sure you take that time to hire the right person for the job. Simply having the right employee can bring your profits up and the efficiency of your business up by a huge amount. Someone who has the knowledge, skills, enthusiasm and drive to succeed can transform the way your business operates. It may mean you have to offer them a larger sum to start off with, but that investment will pay off tenfold when you are able to work on more projects and expand. If you need tips of finding the right employee, here’s a helpful post: https://www.thebalance.com/top-tips-for-hiring-the-right-employee-1918964

And remember, if you can’t afford to hire an employee for full-time work- all you need to do is offer a part-time position instead. It will give someone the chance to work for you and balance their other commitments and you will have an extra helping hand.

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Going From 0 to 100: Massively Improve Your Financial Situation

financial statusThere may be a time in your life that you find yourself in a real difficult financial situation. We have all been there, and while it can feel embarrassing at the time, it doesn’t necessarily mean that is going to be your fate for the future. Things can change, you can change, and you can do things to improve your situation massively. Often at the time, there may feel like no way out and you are heading to bankruptcy, but in most cases, this isn’t true. There may be a solution it is just a case of knowing where to look. Which is why I wanted to share with you some of the realistic options you could consider. I hope that it provides you with some hope in what can be a very difficult and emotional time.

Have you got an asset

One of the first places to look when you are going through a difficult time is your assets. Many assets have huge potential, and we can often be to blinkered to realise what you can and can’t do. First of all, you could consider your home. While it may not be nice to potentially sell your home it could be holding the key to improving your financial situation by releasing valuable equity. Selling may seem like a long drawn out process but actually, using companies like Wren Realty could be an ideal solution. Enabling you to change your situation fast. Releasing funds could then mean you pay off your debts, get yourself straight, and allows you valuable breathing space. Of course, selling your home might not be an option, so think of the other larger assets you have. Do you own a car that you can sell? Maybe you have land you could sell from your property or renting out your drive for commuters and people surrounding for their vehicles. Once you know where to look you can start to improve your situation.

Increase your disposable income

Maybe you need to look at your outgoings a little more closely. Too often people let their bills leave their account dutifully without giving it another thought, but this can be a big mistake. There are bills that you could perhaps get cheaper, things you may no longer need but are still paying for, or simply making some changes to your habits to brings some costs down. Analyse your bank statements and look at what is costing you the most. One big expense is the food bill each week, but this is one bill completely in your control. Why not try meal planning, buying only what you need, or changing the shop you go to? Even switching from brands to supermarket brands can make a big difference to your expense. Next up, consider changing providers for things like energy. Many companies save their best rates for new customers.

Could you spare time be a money making opportunity?

Finally, you could think about making money in your spare time. Filling out surveys online, performing mystery shops and even just selling unwanted things online on platforms like eBay or Facebook groups could help to improve your income and pay of debts that are costing the most each month.

I hope that these tips help you to consider other avenues you can take to get you out of a financial struggle.

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