Managing finances is an important way in order to improve the financial affair where one is safe from unnecessary botheration and economical hassles. However, in order to have stable finances, it is very important to take care of one's expenses. Therefore, one has to be extra cautious while handling money right from the early days. If you are a university student, it is the best time to learn the financial management tips so as to avoid financial crisis in life. One of the first financial management tips is to use credit cards in a judicious way. It is important to understand the fact that using credit card not only adds to your credit but requires interests as well. Therefore, use of credit card should be made in emergency situations.
Given the fact that one has to repay the total amount to the creditor, one should take extra care while using the card. This realization will definitely help you in saving your money by saving you from unnecessary expenses. The second tip that should be kept in mind is timely payment of credit card balances. It is important to pay off credit card bills on time as they are the debts. If one is not careful with these bills, they will keep on adding to the credit cared score as well as pile on as a part of debts.
It is important to know the fact that credit bills can create a financial mess in your life. Be careful while handling bills. If you are irregular with your bills and do not care to pay off them on time then you are damaging your credit history. A poor credit history will ruin your chances for loan at an affordable interest rate. Therefore, a clear eyed realization is important while handling the credit bills. Also, it is equally important to develop a healthy habit of saving money. This is a wonderful way of imparting yourself a good habit that will take you a long way while saving you from financial difficulties. If you keep a tab on your unnecessary expenses, you will save your money.
Apart from saving your money, you will be inculcating a good habit. Keep your money in a bank account that helps you in continuing with your savings. However, while going for a saving account, make sure you check the status of an account that does not demands an accounting fee and lays the criteria for minimum balance. While opening an account, make sure you do keep a strict eye on your incomes and expenditures. In case you do not have a fixed and regular source of earnings, it is important to be judicious with one's expenditures. In such conditions, one should save from splurging in excess and try to restrict one's expenses to the basics. Indeed it can be a tough decision yet it will help you in increasing your investments. So, the next time you have extra money, try to use it seriously.
An Unconventional Success Story
This morning my wife got a frantic call from a friend asking if we knew anyone in the medical field who would be willing a write a referral. Asking for more details, my wife listened as our friend told her that her daughter's asthma had been terrible lately and nothing the doctors were doing would help. She was up every night giving her breathing treatments and knew her daughter needed to see a specialist. In contacting her primary physician, she was told her child needed to come in again in order to receive the referral.
Exasperated the mother told the receptionist that there was no need, the doctor was well acquainted with her daughter's health issues and had recently seen her for the same thing. "It's all about money," she cried. "You want me to come in so I can pay, you don't need me to." The receptionist humbly replied that yes, it was all about money, but unfortunately there was nothing she could do about it and was sorry.
So what advice did my wife offer - something unconventional - acupuncture. She got her in touch with a personal friend who is able to treat asthma. Unconventional, yes, bureaucratic, no. Helpful, yes, the most obvious choice, no.
Tradelines are not conventional, nor are they always the most obvious choice, but do they help - absolutely. Unless you were born yesterday, you have learned the shameful fact that everything is about money. You got the loan you did because of money. Your lender made quite a bit off of yours. Perhaps you saved a bundle getting your option ARM, but your resources have run out due to adjusted payments, loss of a job or other personal circumstances. There is no money. Often the answer to our problems are most unconventional.
Ted Stearns, owner of TradeLine Solutions, a San Diego based credit aide company, is not a newcomer to the world of finance. His experience began as an options and futures broker with Currency Trading International about 12 years ago. Since then he has been a financial advisor who hosted a live radio show on AM 1000 KCEO for four years, educating callers and listeners on stocks, bonds and various investments. Over the last five years he has delved into the nationwide mortgage business informing both clients and lenders alike in the arena of purchasing and refinancing.
Exasperated the mother told the receptionist that there was no need, the doctor was well acquainted with her daughter's health issues and had recently seen her for the same thing. "It's all about money," she cried. "You want me to come in so I can pay, you don't need me to." The receptionist humbly replied that yes, it was all about money, but unfortunately there was nothing she could do about it and was sorry.
So what advice did my wife offer - something unconventional - acupuncture. She got her in touch with a personal friend who is able to treat asthma. Unconventional, yes, bureaucratic, no. Helpful, yes, the most obvious choice, no.
Tradelines are not conventional, nor are they always the most obvious choice, but do they help - absolutely. Unless you were born yesterday, you have learned the shameful fact that everything is about money. You got the loan you did because of money. Your lender made quite a bit off of yours. Perhaps you saved a bundle getting your option ARM, but your resources have run out due to adjusted payments, loss of a job or other personal circumstances. There is no money. Often the answer to our problems are most unconventional.
Ted Stearns, owner of TradeLine Solutions, a San Diego based credit aide company, is not a newcomer to the world of finance. His experience began as an options and futures broker with Currency Trading International about 12 years ago. Since then he has been a financial advisor who hosted a live radio show on AM 1000 KCEO for four years, educating callers and listeners on stocks, bonds and various investments. Over the last five years he has delved into the nationwide mortgage business informing both clients and lenders alike in the arena of purchasing and refinancing.
Subscribe to:
Posts (Atom)
Posts
