Wednesday, July 5, 2017

Are Your Bad Habits Costing You Money?

money for bad habits
Everyone picks up a bad habit now and then—it’s completely normal. Using a bit of extra money on entertainment or food that is a little out of your budget is fine as long as you don’t overdo it. Sadly, very few people know the meaning of “enough is enough” and their bad habits will eventually start costing them too much money. But let’s delve into the financial side of bad habits and try to identify what bad habits are costing you too much money.

Living out of your means

If you find yourself constantly buying luxury items, going out to eat all the time and taking a taxi everywhere you go, then you probably live quite a lavish life. Not many people can afford to treat themselves so often, which is why you need to stop and take a look at your budget to see if you’re actually capable of sustaining such a lifestyle. If you’re not, then it’s a bad habit that is costing you far too much money. Make sure you live within your means to avoid debt and spend more money on things that matter, such as your necessary expenses or savings.

Bad driving skills

Going back to driving school or taking a couple of extra lessons won’t harm you. It doesn’t cost much money and it will help increase your confidence and give you a knowledge boost that will make you safer on the road. Negligence or carelessness on the road can end up costing you a lot of legal fees, even if your car is insured. Take care and drive properly. Swallow your pride and take a couple of extra driving lessons so that you don’t run the risk of colliding into others, or else, causing an accident.

Not looking for deals

When you buy something, be it on the internet or in the store, do you ever look for deals? If you don’t look for the best prices available, then chances are you’re wasting a lot of money that could otherwise be saved. For instance, if you own a tablet or smartphone device yet you continue to buy physical copies of books, then consider looking up eBooks and digital versions of magazines instead. If you’re buying in bulk, then take a look at wholesale stores on the internet to see if you can get a better deal. Lastly, make sure you’re actually buying things based on their weight and quantity, not just the price alone.

Coffee habits

How much does a regular cup of coffee cost for you? If you’re paying around $2-3 for a single cup at your local coffee store (a modest price) then you can expect to be paying anywhere from $500 to $780 in a single year on just coffee alone. While that $2-3 price tag doesn’t seem much on a single day, your coffee addiction is costing you a considerable chunk of money each year. Instead of going out to buy coffee, consider making it at work or switching to another drink such as water for more health benefits and savings.

Tuesday, July 4, 2017

Stretch The Budget: House Bargain Tips

money stretching
When you have finally crunched the finances, factored in your moving costs, and got your final figure that you can afford to spend on a new property, the hunt begins. 

This can be a pretty dispiriting time, especially as you find yourself constantly faced with more expensive properties that you would love but just can’t afford. It’s not a pleasant feeling when you feel your budget can’t move and there’s nothing to inspire you that you can afford - so how do you get the absolute most for your money?

Good Neighborhood; Low Price

We all know that where a house is located is as important regarding the purchase price as the actual construction of the property. So perhaps the best suggestion would be to look for lower-priced areas, even if it means sacrificing the things you want in terms of local connections and amenities.

That would work, but it’s always going to feel like a compromise. Instead, look for good neighborhoods such as those on, but that also have more affordable offerings. They do exist; it’s vital you don’t just discount an area because you’re put off by the highest prices of the most expensive properties. Always look for smaller properties that might be able to give you the location that you want, for a price you can afford. 

Time It Right; Make Offers Correctly

The longer that a house has been on the market, the more receptive you will find the owners when it comes to making an offer. 

There is an art to making offers on property that have been on the market for awhile. You will sometimes see advice that suggests you should go in at a low price, but this can actually put the seller’s back up. If you make an offer that is so low to the point of feeling offensive, they’re not going to be receptive to future offers.

Instead, decide what you can afford, then offer around 15% below that. This gives you some room to manoeuvre if they counter-offer, but also should stop the offer being so low that it upsets the seller. You can also be sure that you’re going to be able to afford it should the offer be accepted, so don’t worry about making too high an offer - this is about affordability for you, not just hunting to get a good deal. 

Move At The Right Time Of Year

If you’re able to, try and time your move to coincide with autumn and winter. The property market tends to heat up around spring and summer, as families look to move before the onset of a new school year. If you can be hunting and making offers outside of this peak time, you not only lower the competition for good houses, but you also take advantage of the lower prices. 

At the very least, try and avoid May - according to, it’s the best month for sellers - which mean it’s going to be the most expensive time for buyers!

Monday, July 3, 2017

Mistakes Making A Mountain Of Your Moving Costs

home moving costs
You’ve got the new home, you’ve got the down payment or deposit gone, you’ve finished with conveyancing and agents and all of that lengthy process. Now moving day is coming up and you may feel that your budget is quite tight. You can’t afford an expensive process, so what mistakes do you need to navigate to make sure you avoid that?

Moving absolutely everything

If you haven’t given much thought to what you’re taking with you, you might find that you have many more boxes that you expected to be taking. Simply put, this might be down to the fact you’re taking a lot of unnecessary junk. Take the time to make an inventory of everything in the home and find what you really don’t want or need anymore. Instead of bringing it with you, sell it to make some quick cash that can work against your expenses. If you can’t, then simply donate it (which might earn you a tax cut) or bin it if nothing else works. You’ll have less packing to do, and less stuff to pay to move.

Not knowing what you need in advance

You should have everything itemized and packed long before you talk to any local movers. Once you know exactly how many boxes you have and how much space you’re going to need, you can get into specifics. Rather than asking for estimates, you should be able to get a direct quote based on how many vehicles and what kinds of vehicles you will need to take all your belongings from one location to the next. Make sure you confirm ahead of time that there are no hidden costs involved in any quotes, too.

Not getting what’s there for free

If you haven’t packed yet, then reconsider how you do it. If you get boxes and packing materials from either the moving company or your local supply stores, you’re spending money that might be unnecessary. A lot of businesses such as grocery stores, hardware stores, and the like might have boxes they would otherwise crush and recycle. You can get it free from them. Instead of bubble wrap or packing peanuts, you should consider using paper to pack your boxes. Blankets, sheets, and even old socks can fit just as well. So long as your possessions are well cushioned, the material isn’t the most important thing.

Make the distance

If you’re moving long distance, there are a few ways to prepare in advance. Rather than having the moving company help you unpack and set up all night, extending your costs, just have them bring the boxes in and leave. You can save money and unpack yourself the next day, bringing an overnight bag to spend the night there. If it’s a very long distance and you’re moving your stuff yourself, see if you can stay at a relative’s or a friend’s on the way there instead of having for fork out for a motel.

Moving day can be surprisingly expensive on top of quite a labor. But it doesn’t have to be. The tips above are going to help you prepare in advance not just to budget things but to make the move as painless as possible.

Sunday, July 2, 2017

Setting Up The Logistics In Your Business And Successfully Selling Your Products

success in business
If you’re in the business of selling products to industry and public customers; it’s vital that you ensure you’re able to send the right stock to the right places and in an efficient manner. Therefore your logistics and processes are a key component in your company being run smoothly and successfully. The following are some areas for those who are venturing into a larger scale delivery and supply process, and what things you’ll need to consider when selling your goods.


If your company has expanded and continues to do so, you’ll need to start thinking about a storage space that will house your current stock and has room for the number of products to grow as your business does. An onsite warehouse is often the easiest way to oversee what’s happening with the delivery and storage of your items, so you might want to consider moving your offices to the storage facility when possible.

If you’re unable to work from your distribution center; make sure that it‘s within reach of the business so that somebody can attend should any problems arise. You’ll need to either hire your own team of people to organize the intake, storing, and distribution of goods; or, depending on the size of your business, it might be a smart choice to outsource and employ a specialist company with their own premises.


The transportation of your stock is another vital area of your business when it comes to its success; as a supplier, you’ll need to be on time and consistent with your service, so invest in your truck and drivers wisely. If you’re not hiring a separate team to transport and deliver your goods; you’ll want to brand your vehicles accordingly and ensure that your delivery people are dressed on brand; a professional approach will leave a positive impression with your buyers. You can check out The Ultimate Guide To Branding Your Vehicles for an idea on where to start.

If your products will be traveling interstate and far across the country; setting up bitcoin with credit card for your business might be the option for you, so that your driving staff will be able to complete transactions securely wherever they are on the road. You don’t want to run the risk of company cash floating about as your products go down the highway, so take the proper measures to ensure that each journey is straightforward and safe.


Feedback from your customers and industry buyers is the only way to maintain a high standard of service and to steadily improve, and more importantly, increase your small business. Ensure that you provide an opportunity, for those that you sell to, to explain how they felt about your products, the time it took them to arrive, and the condition they arrived in. If you start to notice any negative patterns emerging; find the source of the problem and deal with it as soon as possible, to ensure that your company doesn’t lose any money.

Implementing regular checks on your staff, the companies you use, and your processes, will ensure that you have a successful business and will have a long and lucrative future in selling goods.

Saturday, July 1, 2017

Credit Score Myths Debunked

score in credit
Our credit score is essentially our license to spend and borrow money. But few us really understand what makes a good credit score or what makes a bad credit score. This has led to many myths being developed. Here we look at these myths and determine which ones are true and which ones are false. 

Your credit score is an actual number

FALSE. A credit score isn’t a fixed grade from 1 to 10 as some of us believe. In fact, when lenders or creditors check our score, they’re simply getting information based on a variety of sources, which then leads them to make their own decision based on the materials available. Because of this your credit score can change depending on the person who checks it. It’s all up to how trusting that person is, and some people may be more trusting than others.

You can’t get loans with bad credit

FALSE. As already mentioned, some lenders are willing to take the risk with low credit score holders. In fact, there are certain installment loans out there that are specifically catered to people with a low credit rating. If you have a low score, target these specific lenders and ignore all others – every time you are rejected a loan this goes on record in your credit history for other lenders to see, and too many rejections could start to put off even the most trusting of lenders.

No credit history can be just as much of an obstacle as a bad credit history

TRUE. Without any history of borrowing, lenders are unable to tell how trustworthy you are. It’s for this reason that banks recommend taking out a credit card and buying small items on it, simply to have some form of credit history.

Getting on the electoral register will improve your score

TRUE. A good credit score isn’t all about how good you are at paying off debts. Hints of fraud can also make lenders wary when checking your credit rating. This could involve having two bank accounts signed to different names, or two bank accounts registered to different addresses. Fraudsters may also often avoid going on the electoral register as this is used for criminal investigations and has details such as your current address and date of birth. Not being on the electoral register, even if you don’t ever plan to vote, could imply to a lender that you are trying to act under the radar and that you could be about to run off to Mexico with any money they lend you.

Your credit history stays with you for life

FALSE. All your early debts and bad decisions involving pay day loans will generally be wiped from records – but not until after six years. This means that by being a good borrower and spender for six years, you could erase any trace of a bad credit history.

Friday, June 30, 2017

Save Your Finances From A Beating

savings from other sources
There are lots of issues in life that can leave our finances in a pretty poor state. Once your financial situation reaches a certain point, more problems can also become apparent such as debt. As you begin to slip into that red margin, it can become increasing difficult to get things back to a healthy state. So, it’s best to make sure that you protect your finances from the beginning and ensure they never take a beating. To do this, we need to look at a few of the issues that can leave our finances bruised and battered. 

Buying On Credit 

Buying on credit is always going to be dangerous because essentially, you’re spending money that you don’t have. That’s a recipe for disaster, and the odds are that you’re building up quite a large bill before you ever think of paying it off. Of course, not everyone who buys on credit ends up in financial trouble, but it does increase your chances. So, rather than buying on credit, save. If you save, you’ll be able to buy the goods you want without the worry that one day the bill will come back and bite you. Or, you can look for zero interest credit options. These possibilities do exist on the market, and you can borrow a couple thousand, paying it back with zero interest in about a year. When it comes to buying on credit, it’s not the amount you’ve spent, but the interest added on that’s the real killer.

Lengthy Legal Battles

There are lots of reasons why you might end up in court. You might be going through a divorce, or you could be claiming on damages that you have suffered due to an injury that wasn’t your fault. The average time to settle a personal injury case is difficult to pinpoint because it’s determined by a number of different factors. However, it is important that cases like this are handled as quickly as possibly. A lengthy legal battle is one of the easiest ways for your finances to take a hit, even when you are trying to win money. Don’t forget, you’re still going to have to pay your lawyer and the longer the case lasts, the more you’ll have to pay. The best way to deal with this is to either ask your lawyer how long it will take or settle on a fixed fee. That way, hopefully, you won’t have to pay more if the case drags on. 

Bad Investments

It’s easy to always see investments as a chance to grow your finances, but it can mean the opposite. If you get involved in a bad investment, it’s possible that it leaves you with nothing in your bank account. An example of this would be the stock market. You might love the idea of buying stocks and doubling your money overnight, but be careful. If you invest too much and fail to sell at the right time, you could lose a lot. That’s why you should only get involved with these types of investments if you are sure you know what you’re doing.

By handling these problems the right way, you should be able to stop your finances taking a serious hit and stay in the green.