How to Ensure Your Financial Well-being

Financial Post Of Financewand

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Americans are in household debt worth $13.15 trillion, which is shown in the records of the Federal Reserve Bank of New York as an all-time high. You’ll find it an uphill task to pull out of debt if you’re one of the numerous homeowners that are struggling with debt. By doing a simple research, you may actually make things less complicated and find the right solution to your debt problems.

Ways to Improve Your Financial Situation Are Mentioned Below:

Draw a household budget

A budget is truly helpful in providing you powerful insights. Apart from tracking your expenses and income, they help in identifying your financial strength. All categories of expenses that consume a major portion of your paycheck can be spotted when you accommodate expenses concerning past few months by back-dating your budget. You can make certain adjustments to your lifestyle and eradicate such expenses depending on the categories that they belong to. You may decide on watching less of movies and eat more home-made food just to contain your grocery bill to a certain limit.

Meet the bills with your paycheck

Most of your bill payments seem to have the same due date every month. You’re bound to catch up with the due date whenever you owe money for buying a smart-phone, utilities, and rent. A bi-weekly occurrence of paydays compels you to remember them more often. You’ll rarely find the due dates of your bills to be matching with that of your paydays. If you’re not among those that pay a closer look at their finances, it might leave a severe impact on your finances.

While trudging through a financial crunch you may not have the funds to settle your dues. You may resolve this issue by paying for your bills the sooner you see funds on a payday. You may consider transferring a small portion of your funds over to a different account if you find it tough to repay your dues on time. It will prevent you from using that amount over other things. Make sure you continue to make the minimum payments in case you aren’t able to meet the billed amount entirely within consecutive paychecks.

Create an emergency fund

There’s no point in ignoring your savings although paying your bills is of great importance. Much of your household makeovers and unforeseen damages can be made out of household savings. You may create an emergency fund for your future by setting aside a portion of your 401 (k) or pension. It could of real advantage in case you need extra funds post-retirement.

It might seem challenging to meet your bills and yet save a portion of your returns. You may get in touch with some direct lenders for installment loans to help cope with sudden financial challenges. These loans help you meet your utility bills till you receive your next paycheck. Attempting to create a fund for your unforeseen expenses is certainly the most practical way to handle your unforeseen expenses.

Prioritize all the dues

This is certainly not the first time that you’re borrowing money if you’re an American. You must have a few credit cards in your wallet apart from a few other lines of credit like that of your mortgages, car leases, and student loans. You’ll be overwhelmed by your negative net worth once you sum up all bills.

The sooner you meet all of your debts you’ll contribute more towards financial well-being. Financial experts don’t agree on the best methods of meeting one’s debt. While some of them prefer handling the highest debts ahead of the smaller ones others tend to go the other way round. It’s up to you to decide on whether you’d like to repay a quick loan with a high rate of interest or would like to repay a student loan worth a huge amount first.

Consult a financial expert

A financial advisor can help in ascertaining your financial strength more aptly than others. He possesses the much-needed professional expertise to address all financial issues. They’re an incredible resource for all those that experience debt and can help them by figuring out solutions to issues concerning financial techniques, services, and products. Apart from discussing the advantages of using services like investment apps, online loans, and refinancing, they could even help you develop a debt repayment plan that suits your financial situation.

These are just a few tips on how you can improve your financial strength with time. You must follow a combination of these ways if you’re really inclined towards improving your financial standing. Incorporate all of them into your routine, and you’ll discover more opportunities to meet your dues and gain financial wellness.

Four Financial Factors Every Businessperson Needs To Prepare For

Getting into business means learning a lot of different factors. Things that are important to be a success. Things like marketing, research, customer relations and more. However, there’s one step that is vital under it all. That is your finances. A lot of business owners tend to rely on accountants and financial advisors. However, to avoid being caught out, you really need to start building your own idea of your finances, too.


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Your financing options
None of your plans are going to be good ahead until you get this figured out. Businesses need to look at their options of financing themselves for all kinds of different situations. This can be right at the start of the business, or it can be the fuel for a new period of expansion or adaptation. There are all kinds of different ways to finance your business. From finding investors to crowdfunding or getting a loan. You need to do your research on which works best for you. AmOne reviews and reviews for other financial providers can help you narrow that down.

Keeping the books up-to-date
After you get those finances, you need to be careful with them. Taking your eyes off your books is an easy to miss huge costs you can cut down on. Or parts of the business that could use a little more investment. Taking a close look at your own cash flow is the way to do that. Not only to look at the individual element, but to determine the overall financial health of the business. This includes finding your breakeven point and being able to tell when you’ve passed it.

Protecting your business for risks
One of the biggest risks to a business’s finances is those sudden, unexpected dangers. Things like being unprepared for workers compensation or unprotected from natural disaster. You can never truly tell where the next danger to your business might come from. Without being prepared for them, however, you might not be able to survive the costs. This is why you need to take a closer look at the different kinds of insurance you might need. Not only can being unprepared sink the company. It is also one of the leading causes of bankruptcy, as well.

Cutting the costs of operation
Finding the ways to get your business up and running is an important part of getting your business on the right track. However, getting things operational isn’t where it ends. Then you need to start taking a closer look. Finding the ways to make things more time and effort effective. Finding ways to better maintain your resources. Systemizing your services to make them all the quicker and easier for employees. Even using apps to better use your own time. In the end, time and energy all translates into man hours and money, after all.

The four points below are important factors to understanding your own finances. This article isn’t exhaustive, but hopefully it has you considering ways you can better get in control of it all.

Understanding Fundamental Analysis

Forex Trading SystemWhen it comes to trading, whether you are dealing in options or forex trading, you will have two different options in terms of analysis. These options are technical analysis or fundamental analysis. There are many traders who have experienced success using either (or both) of these options; however, some experts believe that one is better than the other but in the technical vs. fundamental debate you will find opinion fairly equally split between the two. In this article it is fundamental analysis that I wish to examine in greater detail.

What is Fundamental Analysis?

According to Investopedia fundamental analysis is the evaluation of a security by trying to measure its value by taking into account related financial , economic and other factors. For example, in forex trading the security in question might be a particular currency and traders would perform a continual analysis of relevant information about that country in order to determine its currency’s intrinsic value. Some of the key indicators that would be examined during fundamental analysis in this case might include:

  • Interest Rates – interest rates are the driving force behind any currency and as a result they are examined closely by traders.
  • Gross Domestic Product (GDP) – this is a good indication of the overall economic health of a nation. If the GDP declines below expectations the value of currency will also fall.
  • Inflation – inflation is bad news for the economy. It is usual to expect an inflation rate of 2 to 3 percent, but anything above this then the currency of that country will also rise.
  • Unemployment Figures – economic growth in any country is driven by the people, especially the workforce. This means that if unemployment levels increase interest rates are cut which can devalue the currency.
  • Consumer Demand – as noted above, people are the backbone of a country’s economy. This means that a healthy economy requires a healthy level of consumer demand. When consumers are looking to spend money the economy grows and the value of currency grow with it.

Fundamental Analysis And Options Trading

payroll_functionsFundamental analysis is not just for forex trading, it can also be applied to options trading. Like with currency, there are a huge number of factors which can have an impact on the market price regardless of what you are trading in. There are also a number of different ways to source this information. Fundamental analysis means taking a lose look at all of this information in order to predict market trends. The more information you have, the more accurate your prediction will be.

The rules of fundamental analysis are not set in stone, in fact traders using this method are often considered to be ‘discretionary’. The analysis of this type of information is highly subjective and different traders will interpret it very differently. This is why you should not go to another trader for his or her advice, but instead make your own decisions when determining how the market will react to the latest company shake up or natural disaster.

Traders will find that their ability to predict market trends should improve over time as they learn more about the market and gain experience in fundamental analysis.

Liam Ball is a frequent contributor to finance blogs all around the globe. He enjoys options trading with and finds that the more he learns the more successful he is.

Why a Litigation Funder Would Choose Your Case

Funding a court case can be an extremely costly affair, and when you are a business with a strong case but minimal financial ammunition, it can feel like you have no one to turn to.

Thankfully, litigation funding, or third-party funding as it is also known, could be the answer.

Although anyone is eligible for litigation funding, what makes a funder take on your case

What is a litigation funding company?

Litigation funders provide a business with the financial support needed for their court case.

This source of funding might have been recommended to a client by their solicitor, who is under an obligation to inform them about third-party funding by their professional Code of Conduct.

If a business decides to receive funding from a litigation company, they are under no obligation to pay anything up-front, and they are only expected to pay the funder if and when the case is successful.

Although litigation funding companies are self-regulated, the more credible ones are members of the Association of Litigation Funders (ALF). A respectable solicitor will point a client in the direction of funders within the ALF.

When it comes to deciding on how much the funding company are looking to recoup, it is usually dependant on the size of case. Some may ask for a return on their investment, plus an additional 30%. Some companies may ask for three-times this amount, so it’s best to do your research before approaching a funder.

Which cases will litigators fund?

According to a recent survey, at least 85% of applications for litigation funding are rejected, especially if they deem the case not to be financially worth their while.

There are generally four essential aspects of a case that need to be present to attract a litigation funder. They are:

  • At least a 60% chance of success
  • A strong defence
  • A well-resourced defendant, who can pay the fees if they lose
  • The level of rewards should be around £1million, to ensure a justifiable

But even though 85% of applications are rejected, if your case is selected, you stand a good chance of success.

Litigation funding: what does the future hold?

With law firms becoming increasingly interested in litigation funding, many are predicting that it will become part and parcel of the litigation process.

Like any other industry, there will always be companies that are less trustworthy and reliable than others. And although this method of funding is self-regulated, the ALF plays a vital role in distinguishing the good companies from the bad.

Obviously, a third-party funder will not want to be perceived as unprofessional or unreliable, as this would deter businesses and solicitors from using them.

This article was provided by Vannin Capital, the leading experts in litigation funding.

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The Best Ways to Raise Cash quickly when you’re in a Pinch

In the on-going difficult financial climate, many of us are feeling the pinch more than we used to. The costs of food, petrol and energy have soared, with wages remaining frozen or having increased only slightly. So it’s not surprising that many people are struggling to make ends meet financially.

While most people manage to get by through making cutbacks and sacrifices, there may come a time where you need to raise some money pretty quickly. This could to meet the cost of an emergency repair or unexpected bill, to pay for a gift for a special occasion or anything else that you hadn’t budgeted for. If or when this situation arises, there are a number of ways you can raise fFast Cash without having to resort to borrowing.

Ways to raise fast cash without borrowing

There are a number of ways you can raise modest amounts of cash quickly and without the need to turn to credit cards, loans or even family and friends.

Car boot sale: Most people have items around the house that they do not want or use and which are in pretty good condition. Rather than leaving them to gather dust and clutter up your property, have a car boot sale. This will enable you to de-clutter your home as well as helping you to raise some much needed cash. Remember, one man’s rubbish is another man’s treasure – don’t assume that just because you don’t want something others won’t want it either.

Get rid of your unwanted clothes: Many of us have a variety of garments hanging in the wardrobe that we never wear and in some cases cannot even get into. Again, don’t leave them to gather dust and take up valuable wardrobe space. Find websites where you can sell unwanted clothes and make some fast cash as well as making more room in your wardrobe.

Recycle: Recycling can be good for the environment as well as for your pocket. If you have old mobile phones or other electrical devices that you no longer use, you can recycle and get money for them – even if they are not in working order, sometimes. This is another great way to de-cluttering your home as well as raising money quickly.

Use your creative skills: Some people are very creative but fail to put their skills to good money-making use. For instance, you might be a dab hand at baking or skilled at creating homemade greetings cards or crafts. Honing your skills and doing a little inexpensive marketing will enable you to start selling the goods that you make, and you could eventually turn this into a little home business and generate impressive money.

Take and sell photos: There are a number of sites that allow you to upload and sell your copyrighted photos. People buy all sorts of images online for things ranging from arts projects to eBook covers. Open up an account with these photo sites and put your pics up for sale – you might be surprised at how much interest you get from buyers.

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How NOT to invest for your retirement

 invest for your retirement

It is easy to get trapped into the wrong advice given by unscrupolous financial advisors trying to sell you what’s good for them and not for you. “No problem” they say. “You will double your investment” they claim, and you end up believing in their figures and their smile. There is another truth. If you do not want to end up like many people at or near retirement investing in the riskiest options ever, you should read carefully this infographic and evaluate your choices accordingly.

Many financial products are risky because they do not guarantee a steady return, but are instead linked to risky markets where you can have big gains… and big losses. In the more mature phases of one’s life, it is better to aim at something safer to invest your hard earned money. Did you know about the risks of these financial vehicles?

Variable annuities are not safe because they are linked to the mutual fund market. What about stocks? Well, better go to the casino instead. It’s important to make informed choices on such a critical aspect of our lives.

if you need the help of a qualified financial advisor, First Senior Financial Group is the team of professionals you need.

4 Most Painful Financial Bubbles of All Time

4 Most Painful Financial Bubbles of All Time

Financial bubbles are a way for major financial institutions to profit from ordinary players in the economy. All it takes is a look back to 2007 to understand the danger of financial bubbles. In 2007, the sub-prime mortgage crisis hit an all-time high, and millions of people have been left with homes in foreclosure ever since. Major players like Goldman Sachs are responsible for consciously creating these financial bubbles that ultimately cause major financial distress in the economy.

Perhaps the first step in dealing with these financial bubbles is to become aware of their existence and learn what steps the public can take to prevent major financial institutions from engaging in this fraud. As companies like Goldman Sachs become well-known for their misdeeds to the public, the public begins to stop investing in their stocks, loans and other financial instruments. Before long, companies like this will hopefully snap. Here is a glimpse of the four most painful financial bubbles of all time, their major players and how the American public was tragically affected by them.

1. Pre-Crash of Wallstreet in the 1920s

Before the Great Depression fully ensued in American society, Goldman Sachs was a small bank that had just been created. Goldman Sachs got involved in by allowing ordinary individuals in society make investments to large trusts. It created the Goldman Sachs Trading Corporation and issued over a million shares for $100 each. It bought its own shares, and then the company decided to resell the shares to the public at $104. Goldman continued to create trusts with different names after this and continued to borrow from the public. What resulted was the crash of 1929. Today, the amount that Goldman Sachs lost in that crash would be equivalent to $475 billion.

2. The Dot-Com Bubble

The Dot-Com bubble intrigued millions of ordinary Americans in 2000. Millions of Americans invested in tech stocks, only to watch their investments drop to basically nothing. Over $5 trillion was lost as a result of the bursting of the Dot-Com Bubble. Confidence in the tech industry was also shaken as a result of the bubble burst.

3. The Sub-Prime Mortgage Crisis

In 2007, millions of Americans witnessed their homes go into foreclosure due to fraudulent acts by major banks like Goldman Sachs, Wachovia, SunTrust and other banks. These banks were engaged in a scheme that involved offering loans to people who could not afford them. When people defaulted on the loans, the banks would then resell the loans to make a profit. The bubble burst, and thousands were left homeless as a result. People are still continuing to suffer the effects of the 2007 sub-prime mortgage crisis. Laws have also been enacted to require more honest lending practices from banks. Banks are now required to fully explain the consequences of signing up for an adjustable-rate mortgage.

4. Panic of 1893

In the Panic of 1893, over 15,000 businesses failed due to speculative investments that were made in railroads. The investments failed, and the economy of the United States was shaken to its core. Over 600 banks and 15 railroads also failed at the time of the Panic of 1893. The reason these investments failed was due to panic from the general public. Widespread panic resulted in many people pulling out their investments in the railroad industry.

These painful financial bubbles have exposed widespread corruption in the American economy. Hopefully, as time goes by, people will grow wiser in the types of investments that they make and realize that financial bubbles are a recurring cycle in the economy.


Lindsay Wilson is a corporate accountant and guest author at, an accounting degree review site to assist prospective students evaluate schools.

cc licensed flickr photo shared by vincent ?desjardins

7 iPhone Apps for the Frugal Mom

7 iPhone Apps for the Frugal Mom

As if moms today aren’t busy enough raising kids, working full time jobs, taking care of the household, and committing to countless other obligations, we are often responsible for managing family finances. If you’re anything like me, you make it a personal mission to provide everything your loving family needs while spending the absolute minimum.

You probably cut corners by not treating yourself to clothing and accessories, buying secondhand items, and never even touching an item that isn’t boasting a sale tag. There are so many ways to save money today, but it often requires a lot of time and motivation–luxuries we aren’t often afforded. Thankfully, there are several new apps for the iPhone that will make saving money fun, easy, and quite possibly addictive.

Bill Tracker

This app lets you input all of your monthly bills to help keep track of outgoing funds. It will remind you of upcoming due dates, and you can easily keep track of all your bills in one convenient place. You never have an excuse for late payments again, and you will save so much by eliminating late fees. Personal Finance

Manage all aspects of your financial life with’s app. Get easy access to all of your checking, savings or credit card accounts. This app will even categorize your transactions, and create a personal budget for you, based on your spending habits. It does require a PIN number, so users don’t have to worry about financial confidentiality.

Save Benjis

This app is a bargain shoppers dream, saving you time as well as money. With its built-in bar scanner technology, it will scan any item you are looking at in the store, and then give you all available internet prices for the same item. If you find a better bargain, you can purchase the item right from your phone, and rest assured that you got the best possible deal around.

Yard Sale Mapper

Forget sifting through the weekly paper with your highlighter, marking all upcoming yard sales, and then carefully mapping your routes on that worn, city map you got when you moved in. This app gleans information from and to highlight all of the best sales in your designated area.

Gas Buddy

Count the number of times you’ve filled up your tank with gas, and then cursed as you drove around the corner to find gas three cents cheaper. The Gas Buddy app will have you tallying up the savings, because it uses GPS technology to find the cheapest gas in your current location. It will also provide a map to get you there quickly and easily.

Rue La La

When you want to splurge on clothing and accessories for yourself without the guilt, Rue La La saves the day by giving you access to all the latest sales, deals, and steals. It will even notify you of upcoming sales events, so you can be sure to get the best price on that item you’ve had your eye on for months.

My Supermarket

Spend less on necessary grocery items by using the My Supermarket app. The app turns your phone into a bar scanner, and will give you a list of prices on the same item in different locations. You can also use the app in conjunction with Tesco Price Checker. If you find an item cheaper than what the app found, Tesco offers a refund in the amount double the difference in prices.

Jessica Bosari manages the money-saving site,, where you can find answers to your questions about free money for bills, saving money on home phone bills, getting discount theater tickets and more.

Free Online Financial Calculators Provided by the U.S. Government

Free Online Financial Calculators Provided by the U.S. Government

Few Americans have a kind word to say about their government these days. It would appear as though our tax dollars are going to the funding of an inefficient overseer, who, despite having access to huge sums of wealth, is unable to accomplish even the smallest of tasks. While the full breadth of government waste and weakness cannot be defended, it’s worth mentioning that while it seems as though every tax dollar goes to unnecessary or useless expenditures, the various agencies and departments of the federal government we fund are ultimately there to help Americans. In particular, these agencies provide Americans with an array of useful information and tools available online.

One such tool is the online financial calculator, which has made breaking down and comprehending large-scale money moves an easier process for countless Americans interested in taking out loans, making investments, and committing to bulk purchases. Thanks to the existence of several agencies of the U.S. government, such calculators are as accessible online as car insurance quotes. Just take a look at the following examples:

Paying off credit card debt: The Federal Reserve website features a credit card repayment calculator that individuals can use to project how long it will take them to pay off their debts. Simply insert either your desired monthly payment or your desired point of payoff, and the opposing sum will be figured.

Taking out a mortgage: Which is the better choice considering the size of your down payment, a 15-year fixed rate mortgage or a 30-year mortgage with increasing interest? You can find the answer by visiting the Ginnie Mae website and plugging in the various variables regarding several mortgage options.

Making investments: The SEC has a web page devoted to an array of tools and calculators for investors. Options vary from mutual fund cost calculators to a risk meter for investment fraud. It’s a useful source of information for first-time investors, and would otherwise be hours of Google research if it weren’t for the existence of this government agency. In addition, the Treasury Department has everything you need when it comes to computing the investment value of bonds and securities.

Going green: For business owners, homeowners, and everyone in between, the U.S. Small Business Administration as well as the Department of Energy have websites devoted to calculators that quantify the savings incurred from buying energy efficient appliances and electronics. For anyone still skeptical of the economical benefits of going green, these federally-provided calculators give you all the proof you need.

Borrowing to pay for school: One major problem that millions of Americans are facing is the weighing stress of student loan debt. Figuring the final bill for four years or more of higher education is difficult when you are taking out several types of loans. By using the Department of Education‘s federal loan repayment calculator, however, you can get a firm grasp on the long-term outcomes of borrowing PLUS and Stafford loans at varying interest rates.

It’s not easy finding something worth praising the federal government for these days. But for the majority of us who deal with personal finance and investment concerns on a daily basis, it’s nice to know that our tax dollars are at least going to online tools that can make our decisions a little more educated in their design.

Kick Your Finances Into Shape for 2012

Kick Your Finances Into Shape for 2012

Saving money is the new cool. The day where men and women go out on a Friday night and blow their cash, resulting them having to live on beans on toast for a week is long gone. Knowing your ISA’s, being able to charm the pants off of a retail assist whilst haggling and knowing your financial limits is now insanely suave. Nobody is effortlessly cool, despite what they’d have you believe. It takes determination, commitment and a whole lot of confidence. But once you get your finances in check, everything else seems to fall effortlessly into place. So it’s time to get things done. Instead of putting things on the backburner, you need to action and put self administration on full throttle. To be at your optimum best for 2012 you need to whip yourself into shape and, contrary to other predictable advice you’re likely to receive from trashy magazines this winter, save those pounds!

Financial Do’s and Don’ts for 2012

DO quit your gym. Release that primal instinct and start appreciating what is outside of your window. The world would be a far better place if we all left our inhibitions on the couch and just ran around, swinging , stretching and jumping from lamppost to park bench, wouldn’t it? Take the lead and get a breath of fresh air rather than being stuck in a sweaty top floor gym where everyone is competing for the biggest biceps.

DO use money saving iPhone apps. Most of us have probably got some kind of smart phone now and you can be the alpha male of the mobile world if you can find the very best money saving apps. Most money saving apps now work on a geo-location basis and can provide you with discount vouchers on everything from restaurant meals to those fine leather loafers you’ve been eyeing up.

DO say no. As much as your friends might moan at the time, they will actually have a lot of respect for you if you know when to say no. You don’t have to go out every week. You don’t have to go to every work night out. Be your own person and let people see that you make your own decisions and aren’t swayed by anyone else.

DO repair your credit if necessary. Remember it’s not about focusing on where you’ve fallen, but where you’ve tripped up. Take a look at your financial history and seek out ways in avoiding any previous mistakes or pitfalls. Use the New Year as a new opportunity. Research bad credit credit cards or speak to your bank about other ways of improving your credit rating.

DON’T leave things until tomorrow. The guys that do it best, do it in the moment. It’s cool to be efficient and organized. Open up those envelopes as soon as you get home, fill in that credit card application that’s been sitting on the kitchen side for 2 months, phone your bank and make sure you’ve got the best current account.

DON’T upgrade your mobile phone early. Wait until the end of your contract and you’ll get the best deal. It’s likely that the iPhone 5 is going to come out in the middle of 2012 and that would will be worth waiting for. Upgrading your phone early just tells everyone you’re all about style and not about substance.

DON’T buy lunch at work every day. Sure, it’s okay to treat yourself, and the modern man is a busy man who doesn’t always have time to prepare his own meals. However, bringing in your own food will not only save you money but it will probably be healthier it will subtly highlight to others just how independent you are.

DON’T take your car to work. For the majority of us who work full time, it’s far to easy to jump out of bed, into your car, onto your work seat and then back into your car at the end of the day before rolling onto the sofa and then crawling into bed. There’s not a whole lot of exercise in that routine. Mix things up a little. If you’re within cycling or walking distance, say under 5 miles, then consider cycling or jogging home from work a couple of times a week. You’ll save money on petrol and be doing a favor for your ticker in the process.

Scott is a writer who will be trying his very hardest to be rich and cool in 2012.

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