Check out the 5 financial tips for the 3rd week of February 2012

Tip no 1 – When you’re a single parent, make sure you have adequate insurance coverage.

It is crucial to have adequate insurance when you’re a single parent. Buy adequate amount of life insurance coverage to secure the financial future of your children. Calculate your income, assets, debts and age of your children before buying life insurance. It is best to purchase coverage amount at least 6-8 times your yearly income. You can buy term life insurance or cash value life insurance as per your financial condition. You can go for the latter if you wish to save for the education of your children. Time life insurance is good choice when you’re interested in replenishing lost income. Read the rest of this entry »

Tip no 1 – If a settlement company asks you to pay an upfront fee, don’t work with them.

As per the new settlement laws, the debt negotiators can’t charge an upfront fee. FTC has prohibited the settlement companies from charging advance fee all together. FTC has made this decision after receiving thousands of complaints from the consumers in the last few years. If you really want to get debt settlement help for paying off unpaid bills, then work with a company that does not charge upfront fees. If any company asks you to pay a fee before negotiating with your creditors, then it is better to not work with them. Read the rest of this entry »

The 5 financial tips for the first week of February 2012 are given below:

Tip no 1 – Before getting married, open your communications regarding money.

Marriage is a life turning event. It changes your life dramatically. If you want to lead a happy martial life, then discuss about the financial matters before walking down the aisle. Explain your income, expenses, debt obligations, financial goals and mistakes to your spouse. This will help your spouse to know you better. Both of you can work to achieve individual financial goals. Another advantage of having an open discussion about money matters is that it can help you avoid financial disputes. Read the rest of this entry »

Check out the 5 financial tips for the 4th week of January 2012

Tip no 1 – “Shop till you drop” is not the mantra you should follow if you want your credit card debts to drop.

If you want to reduce your credit card debt burden, then you’ll have to stop chanting the mantra “shop till you drop“. In fact, you’ll have to reduce your shopping endeavors. You need to visit your favorite shopping stores for purchasing only the necessary items. Plan your shopping trips in advance so that you know about the items which need to be purchased. You can’t afford to waste money on useless shopping. Curtail your luxury expenses by all means, and make it your goal to save money. Use it to pay off your debts. Read the rest of this entry »

Check out the 5 financial tips for the 3rd week of January 2012.

Tip no 1 – When you’re married, try to work together to end debt.

You pledge to share everything with your spouse after taking the wedding vows. This means that you can share both your happiness and problems with your spouse. Don’t hesitate to talk about your financial troubles with your spouse. Tell your spouse about how much you owe to your creditors. Your spouse can suggest some effective ways to solve the problem. Read the rest of this entry »