Getting Money Wise http://www.gettingmoneywise.com Wise Personal Finance Advice Thu, 13 Nov 2014 20:54:19 +0000 en-US hourly 1 http://wordpress.org/?v=4.0.1 Payment Processing Secrets that Online Merchants Need to Knowhttp://www.gettingmoneywise.com/2014/11/payment-processing-secrets-that-online-merchants-need-to-know.html http://www.gettingmoneywise.com/2014/11/payment-processing-secrets-that-online-merchants-need-to-know.html#comments Thu, 13 Nov 2014 20:54:19 +0000 http://www.gettingmoneywise.com/?p=13556 The online business had given online payment processing programs a boost. Imagine how a low-funded company builds its fortune by simply putting up an easy payment option. Online shoppers preferred convenience and user-friendly interfaces when they do their virtual transactions. Now, in case you are one of them, there must be a few payment processing ...

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The online business had given online payment processing programs a boost. Imagine how a low-funded company builds its fortune by simply putting up an easy payment option. Online shoppers preferred convenience and user-friendly interfaces when they do their virtual transactions. Now, in case you are one of them, there must be a few payment processing secrets you should know. These secrets have been known by very few others so it’s time for you to be one of these small portions of online shoppers. The question would be how does this big and small online business owners alike deal with payment processing. These secrets are learned due to great experience in terms of credit card operations and check payment handling. Working in sales and financial institutions might help but still these are essential in dealing with the existing credit card practices.

payment processing tips Payment Processing Secrets that Online Merchants Need to Know

Payment Processing Secrets You Should Know

All sorts of fees and charges may apply when you are into online shopping, and eventually, online payment. Most apps are not made for free use. Technically, it is there to make money. Development of such apps and programs has business benefits behind. Here are some payment processing secrets you must have known by now:

Have only one payment vendor for all your payment activities

You may opt to have full-service payment vendors to pay all your bills, shopping invoices, and monthly dues. This way, you get to maximize the services you are paying and you do not need to speak with different customer services in case you have seen anything that requires answer.

Know what you are paying for and how much you are charged when you pay

Online payment sites can be deceiving. You must have seen it free so you grabbed it like a hotcake. You had it thinking that you will save from it. It would be later for you to realize you paid more instead of saving.

Always check your bills and review your invoice

The ease and convenience offered by online payment services made it a quick resort among busy people who do not have time to wait on queues and long counters in paying their bills and dues. These are the same reason payment processing scheme have been made online.

Do a regular accounting of the charges you regularly pay

It may be understandable that you’re busy but you’re supposed to at least spend time doing the math of what you have been paying. Think of the likelihood of saving when you check how you can save from paying online by reviewing what you have been using for quite some time.
Digital payment processes give easy access to the institutions or firms you want to clear out you’re balanced with. The problem starts when instead of you saving money by not having to drive down to these payment stalls and wait on long line, you in turn are spending more by having the machine do the job for you. It may be beneficial at some point but when it comes to savings, you are slowly beaten down by unseen payment processing charges, especially when you are not asking for bills with regard to how much or how many times you have used the service.

For instance, Credit Card Processing Cincinnati had been out for virtual payment for quite some time and although it has been transparent, it is still best for you to learn what exactly is going on every time you process a payment with that service. The bottom line of it all is how much or how low you get charged every time you use that same service.

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Four ways to get out of debthttp://www.gettingmoneywise.com/2014/11/four-ways-to-get-out-of-debt.html http://www.gettingmoneywise.com/2014/11/four-ways-to-get-out-of-debt.html#comments Mon, 10 Nov 2014 21:36:19 +0000 http://www.gettingmoneywise.com/?p=13548 With the recent news that payday loan companies in the United Kingdom are now writing off more than £220 million worth of debts, the subject of debt is both a topical and indeed a very sensitive one. Over here in the United States, we haven’t quite got it so easy – yet. There are a ...

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With the recent news that payday loan companies in the United Kingdom are now writing off more than £220 million worth of debts, the subject of debt is both a topical and indeed a very sensitive one.

4 ways to get out of debt 300x240 Four ways to get out of debt

Over here in the United States, we haven’t quite got it so easy – yet. There are a number of ways you can get yourself out of debt without having to resort to the extremes. Here are a few tried and tested methods to get you out of struggle.

Work it out

It’s going to take time and a few home truths, but you need to figure out exactly where your debt is going and who needs repaying first. See if there are any ways of consolidating your debts or stretching them out over a longer period to make it easier on your purse-strings, or have a word with your bank manager to advise the best course of action. Organize your bills and look at what comes out on what date to make sure you’re fully aware of your finances.

Limit your guilty pleasures

Rather than looking at how your can improve your income, you can also address your outgoings and separate the essentials from the non-essentials. That morning Starbucks may give your a temporary buzz, for example, but is it worth it in the long run when you add up the costs, and heaven forbid, the calories? If you can’t handle the thought of cutting out your little pleasures altogether, consider imposing limits. For example, if you’re partial to a little online fun with slots games, such as online slots at Royal Vegas Canada, try imposing not only a budgetary but a time limit too.

Use the internet for extra income

If you’re already busting a gut working outside of your home, it can be difficult to find a second job that fits around your timetable. Thankfully, the internet is now becoming host to a number of working from home opportunities, whether it’s freelance blogging or filling out surveys. Alternatively, you could also look at selling some of your old belongings on sites like eBay or Etsy to provide you with some temporary additional funds to aid debt relief.

Look into alternative suppliers

Many of us go on paying our utilities bills without even considering if we’re getting the best deal. Next time a super-speed broadband commercial comes on, take note – you could find yourself saving hundreds of dollars over the course of a year. Talk to friends too to see which deals work best for them and consider whether or not this could be best for you.

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Creddy as an e-commerce payment systemhttp://www.gettingmoneywise.com/2014/11/creddy-as-an-e-commerce-payment-system.html http://www.gettingmoneywise.com/2014/11/creddy-as-an-e-commerce-payment-system.html#comments Thu, 06 Nov 2014 20:49:17 +0000 http://www.gettingmoneywise.com/?p=13541 Creddy has revolutionized the way online payment is done. The service has provided businesses with a perfect e-commerce payment solution and continues to make a difference. The payment system works in such as way that it allows you to make a purchase even if you do not have enough funds to finance the transaction. All ...

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Creddy has revolutionized the way online payment is done. The service has provided businesses with a perfect e-commerce payment solution and continues to make a difference. The payment system works in such as way that it allows you to make a purchase even if you do not have enough funds to finance the transaction. All you need to do is to request them to finance that portion of the transaction you are missing. It can be as little as 10% of the product price or better yet the entire amount. The e-commerce payment system guarantees satisfaction to both the online retailers and the customers because it delivers to their expectations.

creddy ecommerce payment system 300x187 Creddy as an e commerce payment system

Everything about the payment system is simplified starting with its ability to be easily integrated to any e-commerce solution to make it user friendly for its users. The payment tool can also be integrated into any payment platform or device to make it easily accessible to both the business and its customers. The software works in such a way that once the customer has shown his commitment to purchase a certain product, Creddy automatically appears among the payment options and can be easily accessed by a simple click.

How Creddy powers your purchase

Customers can make the most out of this option because Creddy gives the customer purchasing powers even when they do not have funds needed to finance their current transaction. You can imagine being in a position of purchasing a certain product when in reality you do not have any funds. Creddy gives you this ability to enjoy the product until when you are in a position of paying for the entire amount.

In the first place, Creddy is easy to start and provides you with a safe and secure way to buy goods online conveniently. If you love shopping online, then you need to embrace Creddy. The next time you’ll be making your online purchase, try looking out for the ”Buy with Creddy” option and execute the command. Once clicked, you’ll gain access to form. In simple steps, fill out the form and submit a deposit of as little as 10% of the total amount you need funded and everything else will be catered for. With Creddy, you will not feel the need of issuing the merchant/ retailer with your credit card, the service will take care of everything and make sure that product reaches you while in good shape.

Creddy gives you the freedom to shop from anywhere and at any time. You do not have to worry about your bank balance or the proximity of your payday. Before you actually accept on the terms of payment, you are given an instant decision on your purchase.

The mere fact that Creddy gives you a variety of options which are convenient to anyone means that you get flexibility in terms of their terms and conditions. With the payment tool, you can make any size of purchase whether it’s a pair of clothes or the latest technology gadget.

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How To Reduce The Risk of a Public Liability Claimhttp://www.gettingmoneywise.com/2014/10/how-to-reduce-the-risk-of-a-public-liability-claim.html http://www.gettingmoneywise.com/2014/10/how-to-reduce-the-risk-of-a-public-liability-claim.html#comments Tue, 28 Oct 2014 13:51:14 +0000 http://www.gettingmoneywise.com/?p=13534 The health and safety of your employees is usually at the front of your mind, but what about the safety of third party stakeholders who use or interact with your work environment in some way? It can all become very messy very quickly. Every business should consult with a legal specialist like Patinos Personal Lawyers ...

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The health and safety of your employees is usually at the front of your mind, but what about the safety of third party stakeholders who use or interact with your work environment in some way? It can all become very messy very quickly. Every business should consult with a legal specialist like Patinos Personal Lawyers to determine your third party liability obligations. Below are some insightful suggestions on how you can reduce your risk of a public liability claim.

Reduce Risk Public Liability Claim 300x200 How To Reduce The Risk of a Public Liability Claim

Have Insurance

As a company or business you are only asking for trouble if you do not have adequate insurance that will protect you against accidents. Remember that insurance requirements vary from company to company and from industry to industry. Just because one business has a specific type of insurance policy in place doesn’t necessarily mean it is the best fit for you. Cleary define what it is your company does and what risks it may pose to third parties, then make sure you shop around.

Review Procedures

Make sure to never sit idly by and assume that just because you reviewed safety procedures 12 months ago that everything is still in order. A lot can happen in that time. Although it might seem exhaustive, try setting up reviews every 3 or 6 months. This way you will have a regular update on the situation, have a better understanding of what procedures need to be changed or reviewed, and will have a higher chance of avoiding accidents.

Be Aware

Be aware of your surroundings and everything in them. No, you shouldn’t have to watch for what other people are doing 24/7, but it doesn’t hurt to be aware of what exactly is happening around you, and how other people interact with the environment. By doing this you will be able to take note of any additional risks that have sprung up, any changes to the environment that have occurred, and any additional warnings or signage that need to be incorporated to avoid future injuries.

Do Some Research

There is nothing better than a bit of thorough research. Other than demonstrating what safety procedures are out there and what you should be incorporating, you can also see where other people may have gone wrong. Research companies or businesses similar to your own to see what types of accidents they’ve had or what risks they didn’t account for. You can learn from these and hopefully avoid them in your own environment.

There is only so much you can do to avoid injuries being sustained by the public in your company or business. It’s important that you always remain aware and stay up to date so that if a claim is made against you, you have some legs to stand on. The best thing you can do though is be prepared for the worst, but always hope for the best.

What are some of the worst injuries you’ve seen sustained in a public place? Write your comments in the space below.

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4 Reasons a Healthcare Informatics Career Is a Profitable Careerhttp://www.gettingmoneywise.com/2014/10/4-reasons-a-healthcare-informatics-career-is-a-profitable-career.html http://www.gettingmoneywise.com/2014/10/4-reasons-a-healthcare-informatics-career-is-a-profitable-career.html#comments Mon, 27 Oct 2014 15:30:31 +0000 http://www.gettingmoneywise.com/?p=13531 Most of us will reach that point in our career when we want — or even need — a change. Maybe you are already at that point. You may even seek to pursue a lifelong dream of a healthcare career. If you are looking for a profitable career change, one that can offer a variety ...

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Most of us will reach that point in our career when we want — or even need — a change. Maybe you are already at that point. You may even seek to pursue a lifelong dream of a healthcare career. If you are looking for a profitable career change, one that can offer a variety of possibilities, then check out these four reasons to consider a healthcare informatics career.

Healthcare Informatics- The Field Is Growing

The Affordable Care Act mandates paperless medical records by 2015. Because of this, healthcare providers desperately need personnel to place the records online and administer them, not to mention maintain the systems that hold these records. Additionally, healthcare providers’ systems must be able to effectively communicate with insurance companies’ systems to make sure that patient data is correct and payments are appropriately applied.

So what does this mean for you? It means the possibility of joining a rapidly growing career field. The healthcare informatics field is estimated to see a 20% growth in the remaining years of this decade. Not many other fields can boast such tremendous growth in today’s troubled economy. Even better, the field is open to multiple backgrounds. If you have experience in healthcare, business, or IT, you may qualify for one of these positions.

You Are Not Limited to One Job Type

It can be frustrating to enter a job field and realize that you can only do one kind of position. This is not so with healthcare informatics. Employees with past healthcare experience can use their knowledge to help make sure that the systems use the proper terminology, In addition, these experienced employees already know the ins and outs of the medical field. If you have IT experience, you will find that the database administration and network security experience that you gained in a previous position will serve you well in the healthcare industry.

You May Learn a New Career

healthcare informatics career 300x199 4 Reasons a Healthcare Informatics Career Is a Profitable Career

Image via Flickr by chrisjagers

Even if you have healthcare or IT experience, you will not be limited to doing the same job that you are currently doing, except in a different workplace. People who have already entered the healthcare informatics field now find themselves developing software and providing data analysis. As the field continues to grow, the career possibilities will grow with it.

You Can Grow Within the Field

Mobility in a career leads to career satisfaction. Healthcare informatics provides the mobility that you are seeking, both inside and outside your organization. You may find yourself in line for an internal promotion. What if you decide later that healthcare informatics is not for you? The skills that you learn while doing healthcare informatics can transfer into a host of other careers.

To place yourself in line for the best healthcare informatics position, you might consider pursuing a master’s degree in healthcare informatics. With the possibility of a higher salary and more promotion opportunities, a master’s degree could put you on the fast track to career success.  Even if you do not have a program near your home, you are sure to find a healthcare informatics degree online to suit your needs.

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Half of the Cardholders Will Avoid Stores Hit by Data Breacheshttp://www.gettingmoneywise.com/2014/10/half-of-the-cardholders-will-avoid-stores-hit-by-data-breaches.html http://www.gettingmoneywise.com/2014/10/half-of-the-cardholders-will-avoid-stores-hit-by-data-breaches.html#comments Fri, 24 Oct 2014 14:58:42 +0000 http://www.gettingmoneywise.com/?p=13528 A study of a randomly selected 865 American adults who use debit or credit card showed that nearly half of them are reluctant this holiday season to return to hacked stored. We all know that data breaches are very common nowadays and people just want to protect their personal information. The study,conducted by landline and ...

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A study of a randomly selected 865 American adults who use debit or credit card showed that nearly half of them are reluctant this holiday season to return to hacked stored. We all know that data breaches are very common nowadays and people just want to protect their personal information.

The study,conducted by landline and cell phone from 2 – 3 October by Princeton Survey Research Associates International for Credit.Cards.com showed that,

  • Five percent of the respondents who use credit or debit cards would avoid stores that experienced a data breach
  • Sixteen percent of the respondents said that they would definitely not return to a store that had experienced hacking and twenty nine percent stated that they would probably not return to a hacked store.

We have been hearing a lot about data breaches in the past few years. It seems that there are lots of hackers out there who use personal data from millions of different consumers. Popular stores such as Home Depot, Michaels and Target had experienced data breaches. This means that thieves are everywhere and no store is safe.

creditcardshopping databreach 300x199 Half of the Cardholders Will Avoid Stores Hit by Data Breaches

When people hear about data breach they experience fear, because their personal data might get abused. A professor of applied economics, management and director of graduate studies at Cornell University in Ithaca, New York says that lots of people experience emotional reaction when they hear about data breaches. The first reaction is that they won’t go shopping there anymore, because their personal data might get lost. They feel like their personal rights are being violated as well as their credit. So, they become worried and it is completely normal to refuse to go shopping to the store that experienced data breach.

But there are some consumers who realize that this is now part of our society, they accept that fact and after some time, they decide to return and shop in the same store. Avoiding a store that experienced a breach depends on many factors and options such as if you own a business account for example, it is very certain that you will stay there after a data breach.

But if there are other options available you can easily leave the retailer shop you used to buy things from, and shop elsewhere. This is a fact, but it doesn’t have to mean that it is always like that.

The same study showed that women are more likely to return to the store with previously experienced data breaches. Compared to men, women are less scared about their personal data. 56 percent of them stated that they would return, 10 percent said that they would definitely return and 46 percent of them said that they would probably return to a store where a data breach had occurred. Sixty percent of the respondents with children younger than 18, said that they want to give a second chance to breached retailers.

Another interesting fact, we noticed from this study is that people who live in the West and Midwest were more willing to forgive and give another chance to breached retailers.

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Mark Cuban Thinks Lowering Student Debt Is The Answer To Saving U.S. Economy But He Himself Is A Proponent Of Unpaid Internshipshttp://www.gettingmoneywise.com/2014/10/mark-cuban-thinks-lowering-student-debt-is-the-answer-to-saving-u-s-economy-but-is-a-propent-of-unpaid-internships.html http://www.gettingmoneywise.com/2014/10/mark-cuban-thinks-lowering-student-debt-is-the-answer-to-saving-u-s-economy-but-is-a-propent-of-unpaid-internships.html#comments Thu, 23 Oct 2014 17:46:45 +0000 http://www.gettingmoneywise.com/?p=13516 I don’t claim to be an expert on economic matters and neither am I trying to poke fun at Mark Cuban. On the contrary, I hugely respect Mark Cuban for what he has achieved and I am sure he is an incredibly smart guy. Having said that, his approach to saving the U.S. economy flies ...

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I don’t claim to be an expert on economic matters and neither am I trying to poke fun at Mark Cuban. On the contrary, I hugely respect Mark Cuban for what he has achieved and I am sure he is an incredibly smart guy. Having said that, his approach to saving the U.S. economy flies right into the face of his stance on unpaid internships.

mark cuban student loan unpaid internship Mark Cuban Thinks Lowering Student Debt Is The Answer To Saving U.S. Economy But He Himself Is A Proponent Of Unpaid Internships

Student Loans Are Curtailing College Graduate’s Purchasing Power

Mark Cuban is right on point when he says that Student loans are bad for the U.S. Economy! As an international student with a decent job, a good chunk of my salary goes towards paying my student loan debt which leaves me with very little to buy things or put another way I am very cautious with my money.

“That’s the same money (loan) that, when you graduated, you used to move out of the house or you went out and spent money that improved the economy and helped companies grow”

No disagreement there Mr.Cuban, I am with you!His solution – “Cap student loans to $10,000 a year for each student” . Now I am well aware that Mark comes from the “Hustle” school of thought but if you consider any half decent school in North America, a loan of $10,000 a year might make it difficult to just pay your fees let alone be enough for you to manage your other expenses.

Hell there is a solution to that as well! Students hustle their way to part-time jobs, internships to not only gain some real-world experience but also make some money extra money on the side to support themselves while in college. Did i say Internships as a way to make some money during college? Mark Cuban seems to disagree (or atleast used to disagree back in 2009)

Mark Cuban Prefers “Unpaid” Interns

Back in 2009, Mark Cuban openly challenged the government’s stance on internships and the fact that interns should be paid if the employer is benefiting in some way. Mr. Cuban took offense to that in his widely debated post on the Maverick’s blog suggesting that “unpaid” internship is a great way for students to gain real world experience. This coming from the guy who has made his millions and owns a basketball team for crying out loud.

Now it doesn’t take a rocket scientist to put two and two together. On the one hand, Mr. Cuban suggests cutting down Student Loan debt to save the economy while on the other hand, as an employer he does not even want to pay his interns minimum wages?

You be the judge! As a hugely successful entrepreneur, I expect him to be smarter that this.

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How To Save Money With Energy Efficient Lightshttp://www.gettingmoneywise.com/2014/10/how-to-save-money-with-energy-efficient-lights.html http://www.gettingmoneywise.com/2014/10/how-to-save-money-with-energy-efficient-lights.html#comments Tue, 21 Oct 2014 13:52:43 +0000 http://www.gettingmoneywise.com/?p=13511 Everyone, it seems, is in pursuit of finding more green and energy efficient ways to live their lives. One of the first things that people think about is energy costs and how they can reduce the price they pay out each month for utilities. One of those ways is by utilizing battery LED lights for ...

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Everyone, it seems, is in pursuit of finding more green and energy efficient ways to live their lives. One of the first things that people think about is energy costs and how they can reduce the price they pay out each month for utilities. One of those ways is by utilizing battery LED lights for the home.
LED bulbs use 75 – 90% less energy than equivalent incandescent bulbs.

Save Money with energy efficient lights 199x300 How To Save Money With Energy Efficient Lights

More Lumens = More Light

When shopping for more energy efficient bulbs, here are a few simple conversions that can give you the right amount of lumens, which is what is used instead of watts.

100 Watt Bulb = 1,600 Lumens

60 Watt Bulb = 800 Lumens

40 Watt Bulb = 450 Lumens

Look for Energy Star Bulbs and choose the color which best suits your needs when replacing incandescent bulbs with LED’s. If you like a warm, soft light, go with warm white or soft white. If you are used to a more intense white light, go with a cooler white, also called natural white. If you like the kind of light that is ever present on a sunny day under blue skies, consider going with natural or daylight colors. This range of light has also shown that it can help improve mood and other symptoms in those that suffer from seasonal affective disorder or SAD.

The environmental impacts of using more energy efficient lights are vast. On average, lighting within the home is 25% of a utility bill. If more households change from incandescent bulbs to LED bulbs, that would save the average homeowner a substantial amount of money. Some may bemoan about the initial cash outlay in installing LED bulbs in place of incandescent and even compact fluorescents or CFL’s. An incandescent bulb lass approximately 2000 hours before it burns out and must be replaced. A compact fluorescent or CFL will last approximately 20,000 hours before it needs to also be replaced. By comparison, an LED light will burn up to 50,000 hours or what is the equivalent of up to 1 /3 of an average human life span!

Additional benefits of using LED lights as far as cost and energy savings is that with LED lights, there are no infrared or UV emissions that can add to environmental costs. This in turn reduces the Co2 output and the carbon footprint of the entire household. There is less wasted heat with LED bulbs because they run far cooler than incandescent and even CFL’s. These energy savings in many cases reduces the energy usage for a family of four as much as 90 per cent. Reducing the energy usage also reduces the carbon footprint of that household and further protects the environment.

Battery LED lights for homes can be even more energy efficient and last even longer, needing only to have the battery recharged. If you make use of rechargeable batteries that are good for hundreds of charges, you can save even more on energy costs. You can add battery powered lights that are self-contained and that do not add to any energy bill – such as lights that utilize batteries charged by the light of the sun. Whether you use them to light the entire room or as an accent there is a choice for nearly every home and every budget. For example, using LED flameless candles have become very popular over recent years.

The wax exterior of flameless candles gives the appearance of actual candles, but because they have battery-operated LED light inside, it makes them both energy efficient and safe to use anywhere in the home. Even the holidays have seen such a success in the conversion to LED lights that some utility companies and home supply stores are offering trade-in deals for homes that switch to LED from traditional incandescent bulbs. This makes both the holidays merry and bright and helps the environmental outlook to be a little brighter, too.

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Frugal Ways to Sneak Value Into Your Homehttp://www.gettingmoneywise.com/2014/10/frugal-tips-to-improve-home-value.html http://www.gettingmoneywise.com/2014/10/frugal-tips-to-improve-home-value.html#comments Mon, 20 Oct 2014 17:34:13 +0000 http://www.gettingmoneywise.com/?p=13497 Never disregard the frugal ways to live that give value to your home. They add substance and meaning to your life in more ways than you can imagine. Just like everybody else, you may have been experiencing the downside of a fledgling global economic condition. Nick Beams said, in an article in World Socialist Web ...

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Never disregard the frugal ways to live that give value to your home. They add substance and meaning to your life in more ways than you can imagine.

Just like everybody else, you may have been experiencing the downside of a fledgling global economic condition. Nick Beams said, in an article in World Socialist Web Site, that the recovery from the economic crashes six years ago has not been fully completed yet.

You do probably find yourself looking for frugal ways to live, without compromising your needs and wants.

It may surprise you, but there are many stress-free ways to be frugal with your money. For instance, you can manage your home inexpensively, and still retain its long-term value. Incorporate creativity and resourcefulness to maximize living the kind of life you’ve always wanted, without costing you an arm and a leg.

Modernize Your Ceiling Fans

Photo courtesy of Save On via Pinterest

There are frugal ways to decorate your home without being outdated. An inexpensive, but modern ceiling fan highlights the grandiosity of your home. Any visitor will not fail to be impressed with the luxurious image your ceiling fan emanates, upon entering your home.

Regularly check discount coupons for great deals on home fixtures, such as a ceiling fan. A ceiling fan with a light bulb looks appealing in a living room, or even a bedroom.

Backsplash Saves the Day

Indulge in the benefits of spending less by saving money on buying cleaning products. Install a backsplash in your kitchen. Backsplash not only designs your kitchen, it also protects its walls against messy splashes. What’s more? Backsplash saves you the time and effort in wiping the mess off your kitchen walls, too.

 Don’t Waste an Extra Room

Photo courtesy of Angela Dennis via Pinterest

There are ways to improve your home, which you may never have thought of. Easily convert your three-bedroom home, into a four-bedroom one. If you have a den, you can easily convert it into an extra room by putting a closet and a bed in it. Make your home more valuable to guests. An extra room enables you to accommodate additional guests for overnight sleepovers.

Plants to Decorate and Supplement

Consider the value of indoor plants health and aesthetically speaking. A DMCI Homes article found that indoor plants contribute in avoiding coughs, colds, sore throats and fatigue.  Plants increase the overall appeal of your home. They create a warm and inviting mood for intimate conversations and wonderful bonding moments.

Soothing Scented Candles

 Photo courtesy of Arobesque Design Studio via Pinterest

Find ways to add curb appeal to your home to soothe the mood and senses. Scented candles don’t cost a lot. Plus, they aid in relaxing you and your visitors after enduring a long day.  Nevertheless, you need to take utmost care in choosing the desired scent for your candles. Vanilla and mint work best to calm the nerves after a stressful day.  Scented candles help in cheering you up when you feel utterly depressed. They make you feel hopeful that things will eventually get better, as time passes by.

A Little Paint Goes a Long Way

As they say, nice things come in small packages. Value even the smallest things in your home. Spend less on your home design by painting the interior part of a bookshelf in an accentuated color, such as red or orange. Bright colors will ultimately make a hidden interior portion stand out.

If you prefer, you can also paint the handle of a closet or the edge of a table, to highlight its beauty and importance.

Give Your Driveway a New Look

Effective household financial management means successfully taking care of what matters most. Your driveway is likely the first thing an onlooker or visitor will notice in your home. With this said, it’s important that you present an attractive look for your driveway to the best of your ability.

If your driveway’s surface is cracked, put some filler in it. Afterwards, apply a coat of concrete paint on its outer part. Remove weeds within pavers and bricks. Wipe off oil spots in various areas.

Add an attractive coat of paint on the garage door. Replace any rusty material in your driveway.

Maintain a Refreshed Looking Bathroom

You may think of your bathroom as just another area in your home. If you do, think again. Your bathroom is the place where you ritually take it easy, after dealing with your hectic schedule.  Knowing this, you should not neglect updating your bathroom’s look. Make sure your bathroom does not sport outdated and rusty fixtures. Replace sink and toilet seat components you’ve been keeping ages ago. You’ll eventually notice that a refreshed looking bathroom will motivate you overnight to face the challenging day ahead.

The inexpensive ways that add value to your home incomparably help you overcome tough financial difficulties. The extraordinary tips mentioned above eventually become indispensable to your household for a long time. Do you have any frugal tips to add value to your home?

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11 Keys for Effective Financial Diethttp://www.gettingmoneywise.com/2014/10/11-keys-for-effective-financial-diet.html http://www.gettingmoneywise.com/2014/10/11-keys-for-effective-financial-diet.html#comments Fri, 17 Oct 2014 14:48:00 +0000 http://www.gettingmoneywise.com/?p=13482 Personal finance and personal fitness share a lot of similarities. They’re both things that most of us struggle with. However there’s also an upside to this. Because they are similar, some of the habits and principles we need to learn in order to manage an obstacle in one are transferrable to the other. Check out ...

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Personal finance and personal fitness share a lot of similarities. They’re both things that most of us struggle with. However there’s also an upside to this. Because they are similar, some of the habits and principles we need to learn in order to manage an obstacle in one are transferrable to the other.

Check out these 11 money saving tips that will improve both your physical and financial fitness.

Always do your research before investing in anything

research 300x194 11 Keys for Effective Financial DietPhoto courtesy of Neil Conway via Flickr, Creative Commons

In fitness, it’s always a good idea to research the class, exercise, or gym that you’re planning to try. You’re going to be paying for it so it just makes sense that you make sure it’s actually going to work for you.

When investing in something like a condo for example, it’s the same thing. It’s very important that you do your research first. Don’t just trust advertising or even recommendations from friends. You need to really look at whatever data is available and decide for yourself if you really NEED to buy one or if it’s ok to just rent. It’s hard enough trying to save money while paying rent; can you really afford a large upfront fee and monthly installments? This is on top of the association dues and utility bills that you’ll naturally have to pay every month as well, regardless of what you decide to do.

Same thing with investing in a business. It’s very easy to become overly enthusiastic when it comes to the idea of “owning” a business. But do you really know how to manage one? How well do you know the industry that your business is in? Just because someone comes to you and tells you the potential earnings that you could make by investing in his idea, keep in mind that the word is “potential.” Between you giving money and the business actually earning something, there are a whole host of things that could happen.

So do your research always. Never jump into a massive investment that can drain your savings or financially stifle you for years without being sure that you’re getting something of equal worth.

 It’s going to be a lifestyle change

bank 300x225 11 Keys for Effective Financial Diet Photo courtesy of Images Money via Flickr, Creative Commons

Best we get it out early. You’ll have to accept that in order to resolve any bad habits or problems you have in the financial and physical aspects of your life, you need to implement long term changes.

So crash diets aren’t going to work for you. Saving for a month or two then going back to your credit card shopping spree isn’t going to help either. Short-term goals aren’t going to cut it no matter how extreme they are. You’ll just bounce back and could even become worse afterwards.

Lifestyle changes, even just small ones, are the way to go if you really want lasting change. What kind of changes exactly? Read on to learn about money saving tips that you can implement to meet your financial goals.

 Prioritize utility over aesthetics

 utility 300x199 11 Keys for Effective Financial DietPhoto courtesy of Thijs Knaap via Flickr, Creative Commons

In fitness terms the advice would be “work with what you’ve got”. You don’t need fancy equipment to get fit. You can use chairs, ledges, stairs, jump ropes, and anything else available to you. Your body weight is all the resistance you need. It’s all about being creative and really wanting to reach your goals.

Now in personal finance, the advice can be translated to “pick the cheapest that has the most utility” when shopping. If you’re buying appliances or necessary electronics for your home or work, you don’t need the expensive stuff. With a little bit of research and canvassing, you’re bound to find something that’ll meet all of your needs without breaking the bank.

If you’re reading this article you’re obviously in a point of your life where you can’t afford luxury items yet. So don’t even think about it. Keep your financial goals in mind, don’t stray, and keep yourself motivated.

Whenever you feel like you need to buy something… WAIT

laptop 300x200 11 Keys for Effective Financial Diet Photo courtesy of Cristina via Flickr, Creative Commons

We’ve all had that moment when we successfully convince ourselves that we need something. An example would be deciding to buy a new laptop instead of getting an older one fixed. We tell ourselves it’s for work so it’s easier to pull out the wallet and shell a couple of hundred or even thousand bucks for it.

But ask yourself; do you really need a new one? Can’t you just have the old one fixed? If you can’t get your old laptop fixed quickly enough, can’t you get a cheaper model that’ll still do everything you need it do for work?

Maybe what you’re experiencing is just a craving. Kind of like how we sometimes crave for chips or some other snack when we know that we just had a full meal an hour ago. You don’t really NEED to eat, you just WANT to.

Maybe what’s happening is that you just saw the latest high-specs laptop and used your old laptop’s defects as an excuse to convince yourself that you need to get it.

So when you get these kinds of urges, don’t immediately give in to your impulses. Stop and really think about it. Give yourself the necessary time to really assess your situation so you can pick the most cost-effective solution.

 Save now, not later

savings 300x225 11 Keys for Effective Financial Diet Photo courtesy of Simon Cunningham via Flickr, Creative Commons

Working out as early as you can is ideal because it allows you get the exercise out of your way and you won’t have to think about it as you go through your day.  The same principle applies to saving money. Once you get your salary, pull out the allocated amount you have for your monthly savings and deposit it already before you do anything else.

This way you’re always guaranteed to meet your monthly savings budget. If you’re in the habit of saving only whatever is left of your salary, you’ll quickly realize that you either have nothing left or too little at the end of the month.

This is probably one of the best habits to adopt especially if you’re just getting started.

 When shopping, write a list and stick to it

bill 300x225 11 Keys for Effective Financial Diet Photo courtesy of Bruce Turner via Flickr, Creative Commons

In both dieting and finance, it’s best that you stick to the plan. So whenever you need to go shopping for necessary items or even when you’re just doing your groceries, write a list and stick to it.  If you don’t have a list, you’re more likely to buy things that you might not really need. Even small items can add up. So avoid impulse buys and keep a tight budget by sticking to your list.

 Keep yourself healthy

fooditems 300x225 11 Keys for Effective Financial DietPhoto courtesy of epsos.de via Flickr, Creative Commons

Ever heard the saying “health is wealth?” It’s not just symbolic, it’s actually quite literal. If you’re healthy, you’re able to work or do whatever it is that you do to bring in the bacon. So it’s always in your best interest financially to keep the body that brings in the money in tip-top condition.

Keeping healthy can also save you a ton of money in doctor’s visits and medication. An unhealthy lifestyle will force you to dip into your savings more often that you’d want.

 Hangout with like-minded people

hangout 300x225 11 Keys for Effective Financial DietPhoto courtesy of Chriskay via Flickr, Creative Commons

A support group isn’t just great for achieving your fitness goals, it’s also ideal for people who are trying to save money.  Saving money is hard and having people around you who understand you because they’re either going through or have gone through the same experience is a blessing. They’ll keep you motivated.

Hanging out with like-minded people will also prevent you from succumbing to the negative kind of peer pressure. Your “thrifty” group is definitely not going to ask you to go with them to expensive bars or to eat at overpriced “hip” restaurants.

 Give up a costly but unnecessary habit

person 300x200 11 Keys for Effective Financial DietPhoto courtesy of Miguel M. Almeida via Flickr, Creative Commons

We all have one. It’ll be seemingly ordinary habits that you won’t really notice because they don’t cost that much like daily coffee at starbucks or weekly movie screenings with your friends. They might not seem like a lot at first, but when you compute how much you actually spend in one month for these things, you might be surprised.

Even just giving up soda for water can lower your monthly expenses and it’s good for your health as well. Drinking alcohol and smoking are two other habits that you could give up or at least reduce to save both money and your health.

So try making a journal or list of the things that you spend on daily for over a week or a month. Then decide which item you can cut out without going crazy. Don’t take them all away though, you still need a life. Some people can live in the most frugal of ways but it takes a lot of motivation to stick to something like that for a long time.

It’s usually better to leave yourself some small luxuries. You need small things you can look forward to in the short term after all. You’re less likely to burn out this way.

Start cooking your own food

food 300x174 11 Keys for Effective Financial DietPhoto courtesy of Kieshawn28 via Flickr, Creative Commons

This is a more specific example of what you can do to meet the advice given above. Eating at home can save you a good bit of cash. Cooking your own food might feel like a hassle but it’s easily cheaper than ordering out or eating at restos. Another upside to cooking your own meals is you get the chance to pick healthier ingredients and methods of cooking. So you not only save money by cooking at home, you’re also given the chance to eat healthy.

Of course you will have to learn how to cook if you don’t know yet. But it’s not that difficult anymore. There are tons of easy to do healthy recipes online that don’t require you to be a chef to follow. Video recipes are even very common now as well so learning how to cook has become much, much easier.

Walk, bike, or use the public transportation system

cycle 300x200 11 Keys for Effective Financial DietPhoto courtesy of San Francisco Bicycle Coalition via Flickr, Creative Commons

Walking and biking is a healthy and financially friendly alternative to driving or riding a taxi. Try to make a habit out of it.  If you really must ride because of time or distance constraints, take the public transportation system. The bus or the train can get you to where you need to go just fine and they’re both cheap. If you’re used to driving a car or taking the cab all the time, you’ll be amazed at how much you can save doing these.

There you go, 11 things to consider in meeting your financial goals that you can also use to become a little healthier.

The important thing to remember for all of these is that you need to have the proper mindset. If you don’t want something hard enough, it’s easier to stray and do things that will compromise your goals. So keep yourself motivated and keep your financial goals in sight.

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