Posts tagged: financial advisor

Are House Prices Likely To Go Down?

balance house pricesWhenever you hear people talk about the housing market it’s all doom and gloom. Prices have been rising consistently for years and there’s a serious fear that a whole generation of young people isn’t ever going to be able to afford a house. Last year was set to be a positive one for housing and an increase in house building was predicted, but the reality is, that didn’t happen. Things did improve a little but not as much as we hoped they would. So, it doesn’t look good at the moment and it feels like it’s never going to get better, but is that really true? Nobody knows for sure but these are some of the major predictions from experts.

Prices Will Rise, But Not As Much

This is good news and bad news. Prices rose by a significant amount every month last year, especially in the latter half of the year. Some people predict that trend will continue, but the increases will slow right down. There are a couple of reasons for this prediction. Firstly, unemployment is going down and people are able to afford houses more easily. Demand is stronger and there will be a slight increase in the number of people that are actually buying houses.

Another factor to consider is the number of people opting for alternative housing situations. More people are opting for prefabricated mobile homes, sometimes called mobile homes. These are far cheaper because the components are made separately, shipped over, and constructed on site. The impact of this is minimal but people choosing to go for alternative housing is going to alleviate some of the strain in terms of housing shortage. It also means that houses can be built far more quickly.

On the other hand, real estate as an investment is on the rise so if all of the houses are being bought up by investors, prices could carry on increasing.

This prediction is good news overall because what they’re essentially saying is that, while there won’t be an immediate turnaround in house prices, we’re coming toward the top of the peak and will soon start to see a downturn in prices.

Affordability Will Go Down

Wages are forecasted to grow in some of the larger cities in America which you would think is good news for buying houses, unfortunately it’s not. The amount of homes that are affordable to somebody on a medium income isn’t growing. That means they are unable to access the cities where wages are growing in the first place, so they can’t get the higher wages they need to buy a house. This disparity is one of the biggest problems in the housing market at the moment. Even if house building does increase this year, they aren’t likely to build the affordable housing that is needed to redress that imbalance.

Credit Availability Could Improve

After the crash of 2008, the availability of credit was regulated more strictly in order to avoid the same thing again. However, the new Trump administration has floated plans to roll back a lot of that regulation so banks will be more free to lend money again. It could go one of two ways; either they’ll start lending more freely and people might be able to afford to buy a house, or they may carry on operating the way that they are at the moment.

There’s no telling exactly what will happen with the housing market but these are three of the best theories so far.

Navigating The Financial Struggles That Come With Being Out Of Work

money strugglesAt one point or another, most people have found themselves out of work. Whether it’s because the company that you work for has folded, you’ve lost your job or are on sick leave, being out of work can have a huge impact on your financial health. Whatever the reason that you are out of work, having a small amount of money to live on and no guaranteed monthly income is a daunting and stressful prospect. Luckily for you, we are here to help make the process of living without an income as easy and free of stress as possible. Below are a few handy hacks that should make navigating the financial struggles that come with being out of work easier.

Set a strict budget (and stick to it)

The first, and most important, rule of living when you are out of work is setting a strict budget and sticking to it. The fact is that it’s possible to live on a tiny amount each month, it’s just a case of learning how to be savvy with your funds and not overspend, which is a habit that many of us have got stuck in – spending money when we don’t need to. There are various budgeting apps that can help you to set a budget and ensure it’s stuck to by linking up your bank account to your budgeting list. These apps really are invaluable when it comes to living within your means.

Find alternative solutions for cash flow

Budgeting will help to make living on a small amount easier, but it won’t solve the problem altogether. The fact is that you can’t get by without a livable income, so if you aren’t earning from work, you need to find a way to supplement your income so that you have an alternative cash flow coming in. This could be by doing some freelance work, it could be by taking out a loan from, or it could mean selling a few of your old and unwanted items. The fact is that when times are tight, it’s important to ensure that you have an income stream so that you are able to keep on top of your rent/mortgage payments, your bills, and afford food. That is why finding an alternative cash flow solution is so important.

Research what you’re entitled to

Another option, when it comes to making life easier when times are tight, is to research what help you are entitled to. There is always help available from local authorities; it’s just a case of determining what help you are entitled to. If you are on sick leave, you may also be entitled to pay from your place of work, depending on your role, the time you have been there, and what your contract says. Don’t struggle on without looking at the help that is available, take the time to research what you are entitled to and apply for it. There is no shame in taking help when you are struggling, so it’s worth taking the time to research what you are entitled to.

It’s not easy navigating the financial struggles that come with being out of work, but if you take note of the tips above, you can make the process a little easier and a little less stressful for yourself.

Get An Adult Mindset For Your Finances

finance thinkingSo, you’ve just graduated from college and have moved into your very first apartment. Now what?

Well, now it’s time you wised up to your financial situation and got into an adult mindset when you start thinking about your money situation. This can help you put in place some good financial foundations that can help you set up a secure future for yourself. So, ready to grow up and get adult about your financial situation? Here are some things you need to start to do.

Start Saving

Now that you are out of college and into full-time work, it is important that you try and save as much as you possibly can from your monthly paycheck. It doesn’t matter if you are only able to save a small amount; after all, every little will help and it will certainly add up after a few years! It is important that you have some savings behind you as they can provide you with a security blanket should you ever run into any financial difficulties. If you take a look at, you can see which accounts are the best ones for your money.

Ditch The Debt

As well as saving up some cash, you also need to try and pay off all of your student loans. If you are struggling to manage all your debt right now, you might want to take a look at the tips on to see how you can consolidate your debt to make one easier monthly payment. It’s also worth setting up a direct payment from your monthly paycheck. That way, you can never forget about paying back your loan.

Budget Well

Now that you are an adult in the big wide world, you will have a lot more responsibilities than what you did at college. Make sure you don’t forget about looking after your finances, though, or else they won’t look after you! The best way to do this is to budget. You just need to enter all of your monthly incomings and outgoings into an Excel spreadsheet to see how much money you have left over at the end of each month. This can help your finances stay extremely organized, and you are a lot less likely to be overdrawn one month!

Plan For Retirement

Have you figured out how you will be financially stable during retirement yet? If not, why not?! You don’t have any excuse of not thinking about retirement, even if you are still only very young. In fact, there is more reason for you to think about saving for retirement now as you will have longer to save and make a bigger nest egg. Firstly, you should take out a pension so you have some savings that are specifically for retirement. If possible, set up a separate savings account as well.

Once you adapt to this adult mindset, you will find that your finances get a much needed boost. Good luck with your financial future!

The Best Educational Investments You Can Make

invest to studyIf you look at the best ways to invest your money, many people will recommend investing in your education. The reason is that spending money on your education isn’t just a one-time investment. Adding qualifications to your resume is an investment in yourself and could lead to higher earnings in the future. You’re not buying an asset that could start depreciating or taking a risk on an investment that could end up losing you money. If you want to invest in your education, there are a few smart ways you can do it. Try the following tips to consider your options.

Go to College

There will always be controversy over whether it’s necessary to go to college. Of course, not everyone wants or needs a college education. And some people will say that studying certain subject isn’t going to help you in your career. However, even though it can be expensive, going to college can do a lot for you in the long-term. There are several options to explore if you want to find one that works best for you financially. There’s the choice of going to community college, attending a college in your state, scholarships, or even studying online. Gaining postgraduate qualifications will also often help to boost your career.

Take a Course

Whether or not you choose to attend college, your education doesn’t need to stop once you’re no longer in school. It’s always worth exploring your options for learning new skills and improving your abilities. There are many online courses you can sign up for, but Training Connection believes that classroom learning is best. When you’re learning practical skills like how to use software, it’s useful to have an instructor who can show you how to do something. As well as investing your own money in training, it’s always useful to take advantage of any opportunities you might gain from employers.

Learn About Finances and Investment

Courses both online and offline can teach you about just about anything. You can choose skills that are useful for your career goals. But if you want to make the most of your money, learning about finance and investment is one of the best things you can do. Seek out courses in investing and managing your money if you want a good way to spend money on your education. While you can find free resources, it pays to invest in a more professional and comprehensive course, or perhaps resources like books.

Invest in Your Child’s Future

Your education isn’t the only one worth investing in. If you want another way to spend your money wisely, investing in your child’s future is also a good idea. You can help them out by saving money for their education, whether it’s a college fund or just general savings. You can also help them out when it’s time for them to go to college, perhaps by co-signing loans or simply giving them some financial support.

Education is one of the best things you can invest in because it sets you up for the future. Don’t dismiss the power it can have.

The Very Many Benefits Of Having Good Credit

score your creditsEveryone desires a good credit rating. Possessing one can unlock financial doors and make you look much more appealing to creditors. However, many people don’t realise how easy it is to build up a credit rating with the correct financial decisions. This is especially important for young people during their 20’s who may hope to apply for a mortgage in the future. It can also be used to provide you with business loans, short term cash advances, and even simple things such as mobile or broadband service contracts.

However, applying for the best signature loan or car finance deal will take shrewd financial planning. While this may seem like ‘boring planning time,’ it can be immensely valuable, and any hour spent here can translate to days or weeks of solid financial security. In a tumultuous world, this can be the bedrock you need to truly live the life you want.

The steps to building great credit are as follows:

Stay Aware

Many people will tell you the first best thing you can do is to apply for credit cards, make your purchases and pay back the balance promptly. This is an excellent guiding point, but it’s not the most important. Staying aware of your credit rating at all times, as well as the circumstances that might bring it down, is just as important. Not only does staying aware in this way give you the opportunity to identify past debts or loans which have completely gone unpaid, but they’ll help you understand and potentially build a timeline for how long you can expect to be in the ‘good credit’ bracket. This can help you plan significant financial investments in the future at a much more accurate timescale than someone who is simply ‘guesstimating’ the process.

Don’t Be Afraid Of Cosign Loans

Cosign loans often exist to help you with a financial circumstance, such as an emergency payment or a large gift you’re buying, without subjecting you to the dreadful high APR a low to medium credit score can net you. Simply find another guarantor to sign their name on the loan in good faith, and repaying the loan back on time (or better earlier,) can help skyrocket your credit score. Of course, asking someone to take this risk on you is a very personal and demanding affair, so be sure to be completely upfront about the loan terms and your requirements for taking it.

Financial Links

Sometimes, your credit score can be affected by the financial links you have. For this reason, staying aware of opening joint bank accounts is appropriate. Unless you have been happily married for at least a year, it’s likely that opening one should be postponed.

Check Information

The simplest way to keep on top of your credit score, and to make sure it’s accurate, is to update your information at all times. Changing certain information such as your current address, marital status and dependants help your credit profile with its accuracy. Not falling down at the first hurdle when applying for credit can be the first line of success in getting accepted.

With these simple tips, you’re much more likely to begin your ascent into solid credit reliability with ease.