500 Mind blowing financial tips you should be aware of

The community is coming up with interesting financial tips for the consumers each week. These tips help consumers to have a grip on their finances and avoid making costly mistakes. The consumers are likely to be on top of their finances with the help of these tips. Here are the 500 interesting financial tips published by the community for the benefit of the consumers:

85 Tips on debt

Don't always accept the initial settlement offer.
Try to pay off your debts and save money at the same time.
Lower the usage of credit cards to avoid incurring huge debts.
Never co-sign for a loan if you can't afford to pay it off.
Self help is debt help.
Rather go to bed without dinner than to rise in debt.
Always send a debt validation letter to the collection agency before starting to make the payments against the account.
Make love not debt.
Know about the FDCPA laws to prevent debt collectors from playing dirty tricks
Check your credit report after repaying a debt.
Understand the importance of money in order to stay away from debt
Defer student loan debts when you are unemployed.
Consolidate and pay off debt as soon as possible.
Be debt free in your holidays, to be stress free later.
Consider how much you are saving, before you sign up for a debt consolidation program.
When you're married, try to work together to end debt.
"Shop till you drop" is not the mantra you should follow if you want your credit card debts to drop.
Beware of debt consolidation scams if you don't want to end up losing instead of saving.
Settle your debts on your own and avoid being scammed.
If a settlement company asks you to pay an upfront fee, don't work with them.
Know the FDCPA in order to save yourself from harassment by debt collectors.
Give a reply to the summons within the next 20 days.
If you're married, try to work together to end debt.
If you get a hefty windfall, use it to kill debt.
If you have settled a debt for less than the actual amount owed, remember to include a 1099c form when you file your taxes.
Your creditors can't file a lawsuit against you if the debt is past the state SOL.
You cannot have more than $360,475 in unsecured debt and more than $1,081,400 in secured debts to qualify for Chapter 13 Bankruptcy.
Try to qualify for online scholarships and stay away from student loan debt.
15% of your wages can be garnished for defaulting on a student loan.
In case you have defaulted on your federal student loan, you can rehabilitate it.
Never ignore your debt repayment deadline.
Debt consolidation is not the only option. Get to know of the all other debt relief forms.
Individual Voluntary Arrangement is a very good debt management plan.
Come to agreement over the debt payments and property with your spouse, before filing for divorce.
Start by developing a road plan that will take you to debt-free zone.
It is better for the businesses to opt for equity financing rather than taking on debt from the beginning.
When in college, avoid non-academic debt.
Don't simply avoid taking the collection calls. It is rather wise of you to get the details on the debt and then send a validation request to them.
Try out the debt help options which double up as credit improvement option too.
You can file a motion to vacate a judgment in case you have not been served properly.
In case you have already been served, you should appear in court and ask for debt validation during discovery.
Never ever use a payday loan to pay down your debts.
Consider all of the debt relief options, before choosing a particular option. All of the options may not be helpful for you.
Spend money within your affordability so that you may not fall into debt problems unnecessarily.
Choose the debt solution that you find the best to solve your debt problems.
Steer clear of debt consolidation companies that claim huge upfront fees even before they start working on your case.
Plan for the Christmas Eve and the New Year from now on, as this helps you avoid debt.
The quickest way to pay off your total debt is to pay off the account with the highest interest first.
Reaffirm your debt as you file for bankruptcy, and make sure it is done before the dismissal of your case to make it simpler and easier.
Look for different programs and scholarships to avoid the student debt burden.
Know the different types of attorneys to decide which one would suit your specific need.
Use the IRS Form 982 when you file your taxes to exclude certain forgiven debts from your gross income
Creditor can impose fees on charged-off account. Pay off the debt quickly to avoid them.
When you are in the process of filing bankruptcy list your exempt property under Schedule C.
Tax liens are considered as secured claims while filing bankruptcy.
Selling off a part of one's personal assets is better than liquidation under bankruptcy to repay the loans.
Borrowing from acquaintances in order to repay your debts is much better than bankruptcy.
Student loan defaulters have a single shot opportunity of 'rehabilitating' their loans through paying 9 out of 10 consecutive, fully voluntary, timely monthly installments.
Student loan defaulters who successfully pass the Brunners Test can have the outstanding balance discharged through bankruptcy.
Check the SOL period of your state before settling your debt.
Change your spending plan instead of consolidating debts.
Selling off a part of one's personal assets is better than liquidation under bankruptcy to repay the loans.
Borrowing from acquaintances in order to repay your debts is much better than bankruptcy.
Change your spending plan instead of consolidating debts.
Pay yourself after repaying your debts to boost emergency savings.
Eliminating other debts through bankruptcy could free up money to cover up your mortgage payments.
Federal student loan debts are forgiven in case the debtor passes away.
Perkins and Stafford student loans are eligible to be forgiven over a period of 5 years if the debtor is employed as a full time schoolteacher.
Volunteering for AmeriCorps, VISTA or Peace Corps will facilitate in having a part of your federal student loan debt forgiven.
Under the new PAYE plan, repayments are capped at 10 percent of the debtor's discretionary income.
A Cease & Desist letter is only applicable for third party collectors, not the original creditors themselves.
Rehabilitating your student loan requires you to make 9 out of 10 successful consecutive timely payments.
Pay off your debts before proposing to a girl on this Valentine's Day.
Never respond to a message from a debt collector on social media.
Always set targets for yourself when it comes to paying off debt.
Debt repayment is as easy and good as your plans are.
Lender becomes your master as you borrow money. So avoid debt to be an independent person.
If a debt collector claims you owe money, don’t say, "I do" instantly. Let the debt be validated first.
When you're in debt, devise a plan and execute it to be your own master. Don't be a slave of the lender. Have your free will.
Debt collectors don't have super human powers. So instead of being scared, negotiate with them tactfully.
Your first vice is being in debt. Avoid temptations and pay your lender. Don't be a sinner.
Don't fall for get-out-of-debt-fast schemes. It takes time to pay off your debts.
Repay your debts to confidently retire from your job. Spend the golden years of your life with confidence and not regret.
The newly introduced Consumer Credit Fairness Act cuts down the New York SOL for debts to 3 years. Find out the date of your first delinquency.
Using money orders to pay collection agencies is cheaper than buying a prepaid debit card.

45 Tips on credit

Check your credit reports from time to time in order to maintain good credit.
Do not use too many credit cards.
Don't use your credit card like your third hand, these are for purposes that are important.
Beware of 0 percent teaser rates.
If you have multiple credit cards, then use a pay-down strategy to reduce your debt.
Don't hide your credit problems from your spouse.
Have at least one credit card for emergencies.
Leave your credit card at home; the less temptation, the better.
Check your credit reports at least 4 times a year. It helps in maintaining good credit rating.
Know the myths that are associated with credit reports. This may help to fix the credit problem with ease.
Avoid paying less than the owed amount as it may lead to a drop in your credit scores.
Don't ignore your unpaid parking or speeding tickets as it may hurt your credit score.
Your credit score does not appear on your credit report.
Checking your own credit report does not hurt your credit score.
Teach your kids the importance of using credit cards from an early age.
Keep only one credit card to meet your emergencies.
The new FICO 08 model has put an end to 'piggybacking'.
Use your credit cards only during emergencies and change the habit of using it unnecessarily.
Beware of the credit card laws to avoid any scams. Ignorance is not always bliss.
FICO is the most widely applied and accepted credit scoring model.
Always carry some cash in your wallet. Skip the idea of carrying credit cards with you every time you go out.
Credit repair companies are a widespread scam. Stay away from them.
Know the importance of using credit cards.
Inform your credit card issuer before going for a vacation.
Keep the contact details of the credit card company with you.
Keep only one credit card for emergency purpose and cancel all other cards you have.
Try to pay off the credit card balance on time in order to avoid huge interest rate.
Increase your commercial credit score to obtain funds for your business.
Carry the right credit card with you when traveling so that you don't have to pay any extra amount as exchange rate.
Write your credit dispute letter in simple words.
Check out your credit score before approaching your lender for approving your loan request.
Maintain good credit score so as to get your loan approved soon.
Close your accounts after reading your credit report carefully.
Stop using your credit cards to come out of credit card debt; but don't close your accounts as that'll hurt your credit score.
Settling an account in collection does not boost your credit score.
Buy credit cards from a genuine company so that the interest rate may not increase suddenly.
You have the right, under the Fair Credit Reporting Act to dispute the completeness and accuracy of information in your credit file.
Research every Internet site on which you might use your credit card, even ones you believe to be reputable.
If you have any charge-offs on your credit reports, your ability to obtain credit will be seriously impaired, and you must actively work to rehabilitate your credit.
Nothing beats the joy of becoming a father of a successful man. Teach good credit tips to help your son succeed in life.
Every dollar counts so scrutinize your credit card statements, cell phone plans and utility bills before you pay them.
Make sure your Auto Enhanced FICO score is optimal before you apply for a car loan.
Do not rely on your FAKO score when applying for credit.
Disputing a tradeline on your credit report? Remember to attach copies of documents proving your point.
Prove yourself to be the best customer to meet the best creditor.

50 Tips on saving money

As every drop of water makes the ocean, every penny you save can add up to a huge amount of saving..know more.
Understand the importance of money and spend it only when needed.
Save regularly.
A penny saved is a penny earned..know more.
The best place to start saving is from home.
Use gas credit cards to save money on gasoline.
Use electricity judiciously to save money on utility bills.
Go green and save money.
Maintain your health in order to save money.
Use public transport to save money on gasoline and also save nature.
Save, regularly or irregularly.
Get rid of services you don't need.
Saving money is a vital part of being responsible.
Automate your savings as much as possible.
Don't be afraid to ask for a discount.
Make your own Christmas cards, not only will it add a personal touch, it will also help you to save money.
Try out some new forms of growing the money other than saving through the traditional options.
Save money and spend family time. Rent movies instead of going to movie halls.
Think local, not global.
Discover savings under your own roof.
If you like watching movies at the theatre, go before 6:00 pm.
Save so that you can spend.
Disconnect land line if possible.
Do your wedding shopping online to save money.
Buy used books to save money when you're in college.
Amass wealth to live a secure and stress free future. Amassing wealth means saving money.
Use student discounts to your advantage.
Skip that cup from Starbucks and brew your own coffee.
A cheap car is cheaper to insure.
Spend money only by buying essential things and keep every penny you can in a savings jar.
To save money while traveling, drink tap water.
Depending on the size of the loan, lower interest rates could translate into significant savings.
Keep your savings rate achievable.
Go for a morning walk to save on gym membership fee.
Set up an automatic savings plan with your bank.
Save a considerable amount from your income every month so as to keep your future secured.
Sit down with your spouse and decide how much both of you should spend every month in order to increase your savings.
Avoid pre-packaged foods to reduce your expenses and increase daily nutrition intake.
Download eBooks from different websites to cut down your expenses on textbooks.
Go for a green Christmas party to cut costs.
It's always advisable that you start saving for retirement as early as possible.
Plan the Christmas from now on, and save money as per the plan too.
Pay yourself after repaying your debts to boost emergency savings.
Keep your body warm and lower thermostat to save on heating bill.
Consider going to an in-state college to avail better tuition fee rates.
Dry your clothes in open air and save money.
If you buy only what you need, you will save what you want.
It is absolutely fine to give up an hour of sleep if you can save dollars.
Save to be saved. Creating a small emergency fund is necessary for financial security.
Save money to save the Earth. Commute to work or school.

29 Tips on mortgage

Seek your lender's help if you have difficulty making your mortgage payments.
Consider refinancing your mortgage loan if you're paying more than the current market interest rate.
Shop around to get the best mortgage deal.
Consider a lesser mortgage amount than the maximum you can afford.
Use mortgage calculators before getting a mortgage in order to decide on your affordability.
Wait before you sell your home as the real estate market has yet again tumbled.
Live with your friends or parents when your house is foreclosed.
Know your borrowing limit by using an online mortgage calculator and then decide how much you may take out.
Check your credit report before applying for mortgage.
Make payments in cash while purchasing a foreclosed house.
If you're 62 years old and have equity in your home, take advantage of reverse mortgage.
It's high time you refinance your mortgages as the rates are still record low.
Take out a mortgage loan that you will be able to repay.
Mortgage lenders usually prefer borrowers who use 40 percent or less of their monthly income to make payments against their debts.
Talk with various mortgage lenders before locking your option to a particular home loan.
Learn the tricks to build up your financial history before applying for a mortgage.
You can have a co-signer, if you don't meet the home loan eligibility criteria.
Maintain good credit score so as to take out a home loan at an affordable interest rate.
Talk with as many lenders as possible before choosing a particular one.
Consider the changes in the mortgage market before taking out one or refinancing your home.
Try to opt for refinancing without any closing cost.
Increase your awareness about mortgage scams, in order to avoid becoming a victim of the same.
Take out the mortgage loan from a trust-worthy lender so that the monthly payments do not get changed suddenly.
In case you default on your payments, speak to the lender immediately.
If you're having problems making high adjustable rate mortgage payments, a mortgage loan modification might be the right option for you.
Use a mortgage calculator to know your affordability before taking out a mortgage loan.
Hire a well experienced and certified short-sale agent when trying to avoid a foreclosure.
If you haven ARM mortgage, this is a good time to refinance and lock in at a low 30-year fixed rate.
Make sure you follow up with your mortgage company after requesting a loan modification.

25 Tips on shopping

Use coupons for shopping grocery items.
Try to buy items in bulk so as to get items at discount price.
Stop to shop, when your budget drops.
Always make a list while going for shopping items and don't buy anything that's not in your list.
Scan your cupboards, pantry and fridge before hitting the store.
Buy generic items whenever possible instead of going for brands.
Don't shop when you're hungry or sad.
Don't buy things new when used will do.
Buy things out of season when they are cheaper.
Take advantage of discounts before shopping for Black Friday.
Create a "want" waiting list before making purchases.
Do not purchase things in a hurry. Look for all possible options.
Be a smart shopper and spend money only on most essential things.
Purchase things in bulk while shopping. Save every penny that you can.
While couponing try to stay organized so that you do not miss a deal that is worth it.
Take advantage of discounts available and purchase mostly during that time.
Plan exactly how much you can spend before going out for shopping and make sure you do not cross it.
Save enough money before purchasing any luxurious item.
Try to buy things only with the cash that you have in your pocket.
Buy things only what you require and do not waste money by purchasing anything extra.
When you want to buy something, ask yourself "Do I need it?"
While buying home, compare the price of other homes in your area.
Review the offers made by the shops before buying a particular item.
Buy the car, which you can afford, not the one that you want to flaunt.
Fresh food on the table is more important than new shoes on your feet. Prioritize your spending.

18 Tips on payday loans

Check whether or not your pdl lender is legal in your state.
Before repaying a payday loan, make sure payday loans are legal in your state so that you. Don't make extra payments than you're supposed to make. If they're illegal, you just need to pay the principal balance of the loan.
If a payday loan company is making unauthorized withdrawals, then close your bank account.
All offshore payday lenders are illegal and cannot sue you.
Payday lending laws don't apply to Credit Service Organizations (CSOs).
Payday loans are short term solutions and if used as a long term financial aid can cause undue hardship.
Check with your state's Department of Finance to see if a PDL is licensed before you decide to borrow from them.
Take full advantage of Extended Payment Plans (EPPs) offered by some short term lenders.
Revoke ACH authorization immediately in case you find out that you borrowed from an illegal PDL.
Opening an account with a credit union is a better idea than applying for a payday loan.
CFSA affiliated lenders are required to offer every individual borrower at least one EPP every year.
While dealing with illegal payday lenders you need to revoke ACH authorization as well as voluntary wage assignment.
Run away from payday loan lenders to avoid debt in 2013.
Revoking ACH authorization for CSOs will automatically force your account into collections.
You are not likely to receive a refund from illegal offshore lenders.
If you love your 'money tree', then don't reveal your credit card number to an illegal payday loan lender.
Find out your rights before doing a handshake with the payday loan lender.
While dealing with illegal payday lenders, remember to revoke voluntary wage assignment in writing.

148 Tips on personal finance

Always make sure you know how much money is there in your bank.
Distinguish between needs and wants and learn to prioritize your needs.
In order to control your finance first understand where you are.
Stick to a frugal budget - Eliminate stuff that you can do without./li>.
You only have to do a very few things right in your life so long as you don't do too many things wrong.
We can tell our values by looking at our check book stubs.
Practice thriftiness before preaching...know more.
Prioritize expenses to tackle your personal budgeting problems.
Opting for online documents can help you monitor your accounts regularly as well as save environment.
Pay yourself first.
Always read the "fine print" section of the contract minutely.
Always borrow money from a pessimist; he doesn't expect to be paid back.
Try to make your home appliances last longer so that you can avoid buying big-ticket items frequently.
Use cash to purchase things instead of swapping your credit cards unnecessarily every time.
Once you get an accurate picture of your personal finances, you should figure out your short and long term goals.
Do not use too many credit cards.
Build an emergency cushion on which you can fall back as the credit downgrade will push up the interest rates on loans.
Visit multiple stores to get the best deals.
Live within your budget so that you can manage your expenses and save a considerable amount.
Check out any leakage that may have been caused within your car pipes.
Understand the importance of money and spend it only when needed.
Get paid what you're worth and spend less than you earn.
Learn self control to establish solid financial footing.
It is not necessary to have common financial goals in a marital relation, but both should work together to achieve them.
Making payments on time can save you from a major financial crisis.
Know where your money goes.
Use smart meters to monitor your electricity usage.
Get help of unemployment benefits when you are unemployed.
Use an online spreadsheet to plan a suitable budget.
Take full advantage of Thanksgiving sale! Buy items at a relatively cheaper price!
Update your will.
Try to use the Internet to the optimum, when using an unlimited plan.
Get advice from trusted sources to decide which loan option will be best suited for you.
Avoid financial blues by increasing the flow of your income.
Do Christmas shopping year-round.
Book a hotel room with a kitchen.
Make extra money this holiday to stay within your budget.
Don't see a budget as being about what you can't have, but instead, working out what you can afford.
When you receive a windfall - a raise or a tax refund, you should contribute it towards the retirement savings accounts.
Be aware of your bank balance and avoid over draft fees.
Avoid buying a new car when you have one already.
Grow your own food.
Procrastination is the enemy of your financial success.
Make your own Christmas cards, not only will it add a personal touch, it will also help you to save money.
Ignore all offers that sound too good to be true.
Before you buy something new, sell something old.
A little risk is good, too much risk is foolishness.
Prevention is better than cure even in personal finance.
Take advantage of federal student aid to lower your child's education cost.
Have regular "financial" family meetings.
If you have dependents, get disability/life insurance, a will and an estate plan!
Practice the habit of buying things in bulk so as to manage money efficiently.
Keep distance from lavish and high-roller friends.
Before getting married, open your communications regarding money.
Learn self control.
Be up front with your children regarding your financial situation when you're a single parent.
Take advantage of alternative work schedules such as flextime and telecommuting when you're a single parent.
Pursue tax breaks and qualify for the child-care tax credit as a working parent.
Take advantage of financial grants available to a single parent.
Always carry your driver's license and auto insurance card when you drive.
Have regular family financial meetings.
If you have dependents, get disability/life insurance, a will and an estate plan.
Live below your means.
When you're a college student, consider all the costs of living off-campus.
Driving a plug-in hybrid/electric car will earn tax credit.
Take baby steps to meet financial goals.
Educate yourself about money matters when you get your first job so as to avoid the unnecessary expenses.
Collect the information about the company before going for the job interview.
Curtail your job costs by carrying your own lunch.
Avoid taking out an auto loan or payday loan for making money fast. These are cash traps.
As a newlywed couple, you can fix a meeting with a qualified financial professional to discuss your financial goals.
Think twice before buying extended warranty because they are not always effective. Moreover, the products can also depreciate in value causing you to lose the money.
If you're a newlywed, decide how you want to pool your money together.
There are places where you can have the option to enjoy low taxes like those of Wyoming, Alabama, Colorado, Louisiana, and Tennessee. So, if you are thinking of relocating, you can consider these places.
Paying off some educational loans becomes tough after college. So, it's better to decide which degree actually can help you get a good job and yet pay off the debt with ease. Another option is to join the state schools as these are less expensive.
You can file bankruptcy under Chapter 7 only once every 8 years.
Sit with your spouse and talk about every minute details related to personal finance.
The government can garnish social security benefits and take your tax returns for defaulting on a federal student loan.
Maximize your employment benefits.
Buy things only with cash and if you don't have enough cash, wait till you have the required amount.
Sit together with your spouse and formulate a budget that you will be able to follow after meeting your necessities.
Don't overspend since it will be a lot harder to change excessive spending habits.
There is an old saying in the financial world: If you fail to plan, you plan to fail.
Use the budgeting tool to increase the value of the life you live, not to deprive yourself of the good things in life.
Failure to keep track of your bank account can easily cost you money via overdraft fees.
Un-reimbursed work expenses and charitable donations are tax deductible.
Instead of depending on standard deductions, itemize your tax file to cut down on the amount of tax you pay.
Formulate a well-planned budget by considering your income and expenses so that you can save at least 10% of your income every month.
Make your first monthly mortgage payment of a new year on the last day of the previous year to maximize your tax deductions.
Buy things only with cash and if you do not have sufficient money, wait till you can save the required amount.
Forex investments act as a hedge against socio-economic events.
Save a considerable amount from your income every month so as to keep your future secured.
FREECYCLE - An innovative of way following the principle of 'reduce, reuse and recycle'.
Drive your car, like you have rented it!
Create a succession plan and some form of insurance to support the business if you can't run it.
Overspending on business expenses that aren't absolutely necessary can quickly erode your personal finances.
Change your lifestyle to increase your savings rate in your personal life.
If you don't save, you can't spend also.
Be regular on social networking websites and build up a following to boost your small business growth.
Do all you can to avoid default. Defaulting on a financial obligation can harm your finances in the short and long run.
Child support cannot be included in your annual tax file as a deduction.
Educate yourself before you put your family's financial security on the line.
Alimony is a taxable source of income.
Being a first-time home buyer, get help from experienced people so as to avoid making any mistake in the home buying process.
Keep track of your federal student loans online through the NSLDS.
Update your business records before applying for a business loan.
Tax refunds and Social Security benefits can be garnished to offset Federal student loan debt
Revoke ACH authorization before closing down your bank account
Make your home warm to sell your home during winter.
If you love your job, then don't talk about the negative sides of the company.
Administrative wage garnishments do not need a court order to proceed but borrowers must be notified before the process begins
Working for a minimum of 20 years in the Military will make you eligible for Veteran's pension and funds can be withdrawn from the account at any time after retirement.
While in college, source summer jobs through temp agencies as they pay more.
Gather relevant work experience and save some money through working summer jobs.
The cost of living for married couples is significantly lower than single individuals.
The IRS requires taxpayers to report reinvested income earned as interest using Form 1099-INT.
If the Bush-era tax cuts sunset, everyone will see higher taxes.
Savings and investments look likely to play an increasingly important role in ensuring a comfortable retirement.
If the planner isn't offering the explanations and education the client needs, it may be time to consider a new advisor.
Be it your personal or professional life, everything comes down to money. So earn dollars.
Avoid friends and relatives who love you because of your money.
Attitude makes all the difference. So change your attitude to have a successful career and family life.
Learn to say "no" to your friends who are always in need of financial help. Take care of your financial health before helping others.
Protect yourself when you become a co-signer. Otherwise, be ready to face your financial doom.
Bad money decisions will kill your ‘money tree’. So, better think before making decisions.
Learn from your mistakes. Or else, keep on repeating them to permanently sabotage your financial life.
Don't overspend just to impress people. They won't be there when you're in trouble. Take a stand.
Identify your biggest financial enemies and combat with them to sleep peacefully.
With the correct step and strategies, you can put a lid on your expenses.
Use your emergency funds only during emergencies. Don't use them for your daily expenses.
Create a flexible budget plan so that you can make some necessary alterations when required.
Opt for work-study programs to protect your wallet when you're in college.
File your taxes honestly. Taxpayers receive social benefits and tax evaders receive jail sentences.
Treat your Social Security number is like a secret. Keep it to yourself and only share it with people you trust.
When you co-sign on a loan, consider it as your own loan and be prepared to pay for it.
If your friends are jealous of your financial health, then be happy. You're doing well.
Made mistakes while filing your taxes? Amend your tax returns with Form 1040X.
Know your net worth. It's a single line snapshot of your current financial position.
It's never too late to create a budget. Let go of your inhibitions and use a budget planner.
Be happy about your financial health. If you aren't, then detoxify your budget.
Create a professional profile in social media to interact with professionals.
Keep your money safe in a FDIC insured bank.
If bank charges are robbing you blind, shift to credit unions for better rates and lower fees.
Generosity is rewarding. Charitable donations are tax deductible.
Itemize your tax deductions to maximize your tax refunds.
Learn how to allocate your assets carefully. It will help you cushion the impact of future costs and losses.
Begin your estate planning by taking inventory of your assets.
Cut down on your estate and gift taxes by setting up a trust.

60 Tips on insurance

Get contact information of all witnesses following a car accident.
Purchase insurance policies according to your capability.
Visit your State Dept. of Insurance website to remain compliant.
Maintain your state minimum coverage requirements.
Before purchasing an insurance policy, go through the policy exclusions.
Don't ever drive under the influence of alcohol.
Get multiple insurance policies with the same insurer to earn a discount.
Install security equipments to achieve a low car insurance premium.
Always wear your seat belts while driving to avoid penalties.
Have some idea on the myths associated with health insurance before getting a policy.
Opt for short term disability coverage if you go out of work temporarily.
Don't always go for life insurance without medical exam.
Be patient when your insurance claim goes through an investigator.
Avoid smoking to attain the best life insurance rate class.
Don't apply for unemployment benefits if you leave a job on your own.
Shop for your life insurance when you are young and healthy.
Purchase adequate insurance policy to get the required coverage.
Check your insurance coverage so that you don't pay for what you don't need.
Get insured and guard your health.
Buy flood insurance if you stay in a flood prone area.
Buy required car insurance for used car so as to save money.
Get your house evaluated before buying and applying for home owner's insurance.
Review Your insurance coverage.
Drop collision comprehensive coverage on your old car to save money on auto premiums.
Do not waste money buying any extra coverage that you may not need.
When you're a single parent, make sure you have adequate insurance coverage.
Have enough coverage in your auto insurance to provide necessary compensation in case of a mishap.
Check the Standard & Poor's financial rating of the insurer before you buy auto insurance.
Try and pay a larger deductible for your insurance to reduce the cost of the premium.
Drive less and use public transit to lower your auto insurance cost.
A High Deductible Health Plan (HDHP) combined with a Health Savings Account (HSA) will let you save tax free dollars.
Floods and earthquakes are not covered under standard homeowners policy. You will need to buy separate coverage for such catastrophes.
You can draw a loan against your whole life insurance policy.
Consider long term costs like children's college fees when buying a life insurance policy.
A cheap car is cheaper to insure.
Look before you leap into the trap of insurance scammers.
Save daily for your insurance deductible.
Shop smartly before buying an auto insurance policy so as to get the required coverage.
Be a responsible driver to enjoy lower auto insurance rates.
Reduce the risk factor on your records not only as a driver, but also as a debtor, to get easy approval from the insurers.
Forget about the promises and scrutinize the insurance documents.
Impatience won't work when you make claims on your insurance.
Review your insurance coverage.
Buy adequate coverage so that you do not have to pay anything from your pocket in case any mishap occurs.
Buy affordable car insurance for your own car so that the policy does not seem to be a burden for you.
Keep your pets secured by purchasing a suitable pet insurance policy.
The PPACA, if implemented successfully, will make the purchase of health insurance mandatory.
Buy adequate health plan for your parents from before hand so that you do not have to bear the medical costs from your pocket.
Try out the cafeteria benefit plans with regards to health insurance in order to save some money on the same.
Cancellation waiver is cheaper like the trip cancellation insurance policy but not at all the same.
Buy adequate health insurance for your parents to keep them protected when they grow old.
Purchase adequate insurance to keep your children secured.
Having your home and your car insured through the same insurer might attract discounts.
Safety is priceless. So, don't trim your insurance requirements just to keep the expenses under control.
Buy child health plan to keep your children protected.
Have a clear understanding of how health insurance works. It might just save your life.
Disability insurance is indispensible. You never know when you might meet an accident at work.
If you plan on keeping your car garaged for a long time, drop your collision coverage to reduce your monthly premium.
If you are having your new car financed, make sure you purchase GAP insurance.
Review your home insurance policy every year to include additions and changes to your household.

6 Tips on kids and money

Ask your child to plan the family budget.
Let kids be responsible for their own money.
Show your child how to pay bills.
Gifting 3 piggy banks to your child to teach the concept of spending-saving-donating.
Educate your children about money since childhood so that they know how they should spend money.
Teach children about money matters from childhood so that they understand the importance of money and spend it wisely.

3 Tips on identity-theft

Do not give easy-to-guess passwords while banking online.
Hide your credit card PIN while swapping it.
Never reveal your financial details to anyone over phone.

22 Tips on investment

Diversify or die..know more.
Sip into SIPs..know more.
Fourth Law of Motion and universal law of investing: For investors as a whole, returns decrease as motion increases.
Know the basics of forex trading before investing your money in this trade so as to earn good revenue out of it.
Invest your savings so that they can grow.
Have payment protection insurance for any emergency which disables you from working.
Invest in forex market wisely to gain profits.
Purchase an annuity.
It's smart to save, it's smarter to invest.
Invest in forex market wisely to gain profits.
Wait for a few weeks before making any investment plan this year.
Time is the best friend of investors.
Check out the location of a property before buying it.
Learn to invest.
Buy assets that are income producing. Rental property is a good example.
Start investing early.
Don't invest all your money in a single stock.
If you are not confident of investing directly in stocks, one good option available before you is investing in mutual funds.
Always include the operational costs in your real estate business plan.
Make proper business planning so as to earn good profit with the help of it.
Saving without investing is like a broken pencil; completely pointless.
Invest in indexed certificate of deposit. They are inflation proof.

9 Tips on retirement

Contribute to a Retirement Plan - 401k or IRA.
Contribute to a retirement plan.
Maximize your employment benefits.
Start saving from now for your retirement.
Invest in annuities rather than simply going for 401K retirement funds.
Find part-time jobs after retiring.
Don't ever forget the tax considerations with regards to your retirement planning.
Invest in annuities to secure a post-retirement source of income.
Begin your retirement planning with your first job.

Weekly financial tips archive

All the financial tips shared by the community members on weekly basis are listed below

Keep visiting this page to get acquainted with the latest financial tips published in DebtCC blog.

Ask Question X