You may think that you have a clear and correct picture of your finances, but that may not be the truth. It is possible that you have committed some mistakes while evaluating your ‘money tree‘. You may not have estimated the value of your house or vehicle accurately. So, what you think you know may not be the fact. Read along to get acquainted with some common things which you may not have observed in your ‘money tree’.

5 Things you may not have observed in your ‘money tree’

Here are some little-known facts that you may not know about your ‘money tree’.

1. The market value of your home is less than what you’ve calculated.

Despite the poor condition of the US housing market, homeowners feel that the fair market value of their homes is extremely high. Homeowners feel that they can fetch a substantial amount from the market after selling their houses. However, this is a wrong notion completely. Read the rest of this entry »

Check out the 5 financial tips for the 2nd week of January 2012

Tip no 1 – Take advantage of federal student aid to lower your child’s education cost.

Apply for a federal student aid when your child is at college. The school tuition fees have increased in most states of the country. If you have not opened a 529 savings account for your kid, then it will be very difficult for you to bear the educational expenses. During these times, it becomes more than essential to apply for a federal student aid. Read the rest of this entry »

Have you taken a financial oath to save more in 2012? Are you determined to keep your promise by any means? If yes, then it is important for you to know that the cost of several items is going to increase in this year. So, keeping your financial oath will not be an easy feat. Read along to know about 7 items which will become more expensive in this year. It will help you arrange your finances accordingly.

Brace yourself to spend more on 7 items in 2012

Check out the 7 items on which you may have to splurge more in 2012. Read the rest of this entry »

Check out the first 5 financial tips for the year 2012

Tip no 1 – Be debt free in your holidays, to be stress free later.

Indiscriminate shopping may help you enjoy the holidays to the maxim. You can buy whatever pleases your eye during the holidays. However, once the holidays are over, your friends go back to their respective places, you can be left out with a huge credit card bill in hand. You’ll have to pay the credit card bill by any means. If you don’t have money to pay the bill, then it will create an additional stress upon you. The creditors will call you for getting back their money. Your credit score will be ruined. The creditor may even sue you for non-repayment of bills, after a certain time period. Read the rest of this entry »

Are you fed up with your current financial state? Do you want to give a brand new look to your financial house? If you can get an overall makeover through your personal stylist, then you can change the appearance of your financial house too. Obviously, your personal stylist will not be able to help you out on this matter. However, you can have a financial makeover on your own with little effort. Read along to know about some simple but effective ways to get a financial makeover.

Ways to change the look of your financial house

Here are some ways in which you can change the look of your financial house for the better in 2012.

1. Opt for a credit card with lowest rate: Take out a credit card which suits you the best. If you have to frequently go for business tours, then you can opt for a credit card with special reward programs. If you’re going through debt problems, then you can take out a credit card with low interest rate. Browse through different websites and compare different credit card deals. Find the one which is apt for you. Read the rest of this entry »