Be honest.

How often you do check your bank balance or sit down and draw up a budget for the month ahead? If you tend to chuck statements on a pile on papers on the kitchen table or you check in with the bank every couple of months; now is the time to start monitoring your money more closely! Managing your finances has never been easier and it can help you to save more and spend less.

Creating a Budget
If you don’t live by a budget, there’s no better time to break the habit of a lifetime. Traditionally, at this time of the year, finances are usually pretty tight, and the sooner you can start saving, the better. Budgeting is simple, fast, and completely hassle-free in this day and age. While some people prefer to stick to old-school techniques and draw up columns of figures with a pen and paper, many opt to use apps or specially designed programmes. It’s a good idea to do a bit of research to find the best personal finance software and to think about what you need and what kinds of features you’d like. Budgeting enables you to monitor how much money is coming in and how much is going out, and it can give you a much better idea of where your cash is going every month. Sticking to a budget can help to prevent overspending and enable you to save more. You can use your budget to set a spending limit every week or to establish how much you’re going to transfer to a savings account or pay off a credit card each month.

Online Banking
The days of having to trudge out to the ATM or wait for a monthly statement to come sailing through the letterbox are long gone. This means that there is no excuse to have no idea what is going on in your accounts. With online banking and apps, you can check your balance on the go and keep a close eye on spending. If you don’t already use online banking, you’ll need to register online. With this service, you can check your balances, open new accounts, transfer money, pay bills, and find out more about other financial products, such as mortgages. It’s so easy to lose track of spending with contactless technology and online shopping, so it’s crucial to look at your bank on a regular basis.

Shopping Around
Once you’ve got an idea of how much disposable income you have available, you can take steps to increase this figure by shopping around and comparing prices. Take a look at how much you’re paying for insurance, for example. If you’ve got car, health, house or pet insurance policies that are due for renewal, don’t just accept the new price from your existing provider. Use the Internet to track down the best deals. You can do this to save money on everything from buying gifts and household items to finding cheaper broadband, TV and mobile phone services!

Even if you’re not the most diligent amateur accountant, it’s never too late to start monitoring your money today! If you’re looking for a credible and sound financial adviser, let us know and we will help you out!

First and foremost, this is not a post on how you can get rich quickly and neither the suggestions contained herein are a guarantee nor promise that you will make money. Before considering the suggestions contained herein, please be sure to do your own independent research.

Many of you reading this might have a bad spending habit; so much so that you might have a few debts looming over your head. You might feel as though there’s no escape; and the more you spend, the more you want. So, for all of you who are self-confessed spendaholics, we want to talk to you. We’re not saying that you should get your spending under control because if you’re getting money, you might as well treat yourself to whatever pleases you. We’re here to share with you how you can get more money so that you’re able to spend more money! There’s plenty of ways to do it, and some might be more beneficial to you than others. As long as you have a decent amount of money to play around with, you might want to consider giving at least one of these a go!

Spread Betting

This isn’t a form of gambling like you’re thinking, so don’t be put off by the idea. Spread betting is a new form of making money from things such as commodities and other trades. Rather than buying a share, you place a bet on whether you think that share is going to go up or down in value. If it goes up and you said that’s what it would do, you make some money; if it goes down and you said it would go up, you’ll lose some money! You buy per point of movement of the share. The more points it moves, you will earn multiples of the stake you put down. It’s sort of like a form of betting, but for people who know the stocks and trade markets well. If you have a look at CMC Markets, you can find out more. Even if you don’t know them, all you need to do is a little bit of research to have a basic understanding, and you’ll soon have fun with spread betting. It’s not as risky as gambling, as you can choose to buy more, or sell the stake that you have invested. With gambling betting, you lose your money no matter what!


This is a bit of a grey area to some people, as they just don’t understand the massive potential to earn what Cryptocurrency gives. Cryptocurrency such as Bitcoin has been around for a while, but they only really hit the headlines when its value increased and a lot of people became rich from it. Then again, there are also a whole lot of other people who lost quite a lot of money from investing in Cryptocurrency. Like with the trading of any other stock and share, it’s all about buying at the right time to make the most money. Although you can invest as much or as little as you want, you have to be prepared to go for a lengthy investment and know how it works in real detail!

Forex Trading

Finally, one you might all be familiar with. Background knowledge of this or not, you can still make your money. One way of doing it is by joining a company designed to teach individuals how to make money through Forex trading. It’s the trading of currencies, and it’s a very valuable piece of information to hold if you do it well. If you play your cards right, this might just help you earn some additional passive income.

However, all sorts of investments come with risks so don’t expect to beat the market every single time. There are other safer instruments to make money and depending on your risk appetite, go for the one that you’re more familiar and comfortable with. Starting an e-commerce business or even offering your skills and time can also make you money.

Should I Get a Credit Card?

Contrary to popular belief, it is not a good idea to carry a credit card balance each month. It is best to avoid running up your credit card balance. Credit card debt has several serious consequences.

Repaying Debt is Hard

One of the reasons that many people opt for a debt settlement program is because they are struggling to make payments every month. Getting into debt is easy, but paying it back can be difficult. Credit card companies know that it is convenient for people to use their credit card. That is why they tempt people to spend more money than they can afford by raising the limit.

Credit card companies also charge interest. If you have a credit card with a $5,000 balance and a 20 percent interest, then it may take you a decade to pay it off if you only make the minimum payment.

Your Credit Score Will Dip

Many people think that credit card debt will not affect their credit score as long as they make the minimum payment. However, carrying credit card debt can ruin your credit. Your credit utilisation rate is one of the factors that determine your credit score. It is the ratio of the amount that you owe to the limit that you have.

For example, your total credit limit is $10,000. You owe $6,000. Your credit utilisation rate is 60 percent. A high credit utilisation rate will decrease your credit score. You will need to keep this number below 30 percent.

You may Miss Payments

There are a variety of things that can happen that will cause you to miss payments. For example, you may get sick or lose your job. Unfortunately, credit card companies are not too forgiving if you miss payments. You will be charged a late fee. Late fees will make it even harder for you to pay off your debt.

Your credit score will also decrease. Every time that you make a late payment, you will get a negative report sent to your credit. This will cause your credit score to decrease. Furthermore, once you fall behind on your payments, it is hard for you to catch up.

It Shows Financial Irresponsibility

The responsible person only charges what they can afford. They also make sure that they pay off the credit card every month. If they do not pay it off in full every month, then they may sure that they keep their balance as low as possible.

On the other hand, carrying a credit card balance is a sign of irresponsible spending. It is a sign that one is using their credit card to supplement their income.

Stress and Headaches

A credit card balance can cause you headaches and sleeplessness nights. You may constantly worry about how you are going to pay off the balance on top of the household bills you already have to pay. This stress can take a toll on every part of your life. You may have problems in your relationships. You may also start to develop health problems such as ulcers and heart disease. That is why a debt settlement program may be your best choice.