Monthly Archives: April 2018

5 Blunders You’re Making When Investing for Retirement…

Avoid these five common retirement fund mistakes:

1. Not using an account with tax benefits
2. Missing out on your employer’s match to your 401k
3. Keeping all you money in one fund
4. Ignoring fund fees
5. Using your retirement money like an emergency fund

https://www.moneytalksnews.com/5-blunders-youre-making-with-your-retirement-fund/

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How to Handle Multiple Saving Goals

First, identify your goals and write them down. Second, know exactly what you are working with. Such as your salary, monthly bills, loans and other debt, savings, and investments. Once you have your emergency savings in place, you can set aside savings in other areas to make your goals come true. Use the snowball and avalanche methods to pay down debt – you can decide which one you prefer. Automate savings and bill payments to structure your spending each pay period. Next, the most difficult thing to do is to wait until the time is right. You may want to reduce most or all debt before you proceed with your goals. This is important to ensure you do not have to abandon your goals and start again. It’s ok. If you don’t at first succeed try, try again.

https://amp.cnn.com/money/2018/04/16/pf/how-to-save/index.html

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Why You Should Think Twice Before Paying a ‘Sale’ Price

Can you recognize a real sale price? It can be difficult to detect a real sale price of a product. Stores pricing can be misleading and we can to find ways to know the difference to avoid being manipulated. First, always assume the ‘sale’ deals are made up. Try DealNews.com where bargain researchers keep their eyes on millions of products.

https://www.moneytalknews.com/heres-retails-biggest-ripoff-parading-buying-opportunity/

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Trump Signs Bill Adding Protections for Social, SSI Recipients

Individual tasked with handling Social Security payments for payees will be subject to greater scrutiny. The Social SecurityBeneficiaries Act of 2018 will prohibit individuals with criminal convictions will no longer be eligible to be a payee. Recipients will be asked to make a list of potential payees in order of preference. The goal is to reduce the abuse and exploitation of persons with disabilities. This new legislation will increase much needed accountability for the payee program.

https://www.disabilityscoop.com/2018/04/17/trump-protections-social-security/2493/

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8 Tips for Slashing Your Pet Food Bill…

You can search around for the best prices on pet food. You can buy in bulk at warehouse club stores, join free rewards programs, and other ways to cut pet food costs. Try the following tips:

1. Get coupons at coupons.com
2. Use Amazon Subscribe and Save
3. Use a discounted gift card
4. Join a pet store’s repeat delivery program
5. Enroll in a rewards program
6. Check out pet food manufacturer’s websites
7. Buy in bulk
8. Make your own pet food

For more information visit: https://www.moneytalknews.com/slideshow/8-simple-tips-for-slashing-your-pet-food-bill/

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Home-School Your Kinds About Money

The school system does not provide students with the forma financial education that need, but parents can still tracy financial literacy at home.  Let the kids make a grocery list, with your guidance and then show them how to compare prices in the grocery store. If they save money, give them the extra money to use for themselves. Shopping online for clothes and shoes and look for specials as you comparison shop.   https://money.usnews.com/money/personal-finance

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The next test for new graduates: Budgeting.

As new graduates enter the workforce in the next few months, some will be ill-prepared to manage their personal finances. Many will spend and not save as they experience the thrill of their first post-student earnings. Learning to budget is a crucial skill that university and college graduates will need to achieve their independence. Budgeting takes the stress out of your financial situation and time to decide between your ‘needs’ and ‘wants’. Budget your necessities first, include paying yourself, before shopping, eating out or loaning others money. Once you see what is leftover, place part in a checking account and part in a savings account. If possible delay moving out of your parents home to save as much as you can before moving out.and to set your spending. Take advantage of budget apps such as www.Mint.com, which is a free budgeting app. Start right away living below your means to discipline yourself to live on your own – without roommates of course.

https://ca.finance.yahoo.com/news/next-test-graduates=budgeting-090000113.html

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Save money on utilities in your home or condo. Take time out for maintenance of your furnace, cooling and heating unit. Also, clean or change you air filter every month to ensure your HVAC unit is working at it highest efficiency. Cleaning will remove dust, dirt, pollen and other items that are collected by you filter. Regular maintenance will add years to the life of your HVAC unit and often reduces the costly repairs and may avoid breakdown during the hottest days of summer and the cold winter days. Be certain your repairman is certified to repair the HVAC system in your home. You may find coupons online to save on your routine maintenance and repair costs.

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12 Smart Things to DO with Your Tax Refund

Saving money is similar to eating a healthy diet. You know you should do more but it is hard to avoid those spur of the minute choices that make you happier now and worse of later.

1. Create an emergency fund
2. Send it to savings
3. Pay off debt
4. Fund your retirement
5. Buy life Insurance
6. Look to the future such as child’s IRA
7. College fund
8. Invest in the stock market
9. Kickstart your career training or courses
10. Prepay your mortgage
11. Start a business
12. Make home improvements

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There are 5 Easy Ways to Cut the Rising Cost of Gas

Gas prices recently hit their highest levels on 2018. Here are five ways to save money every time you fill up.

1. Join a Warehouse Club such as COSTCO, which often (not always) has lower prices for gas.
2. Get discount gift cards such as Cardpool.com and Raise.com sell gift cards for Shell, BP, and Chevron.
3. Open a credit card account such as BP VISA and you can save 5 cents to 25 cents per gallon for every $100 purchase.
4. Use a smartphone app to locate lower gas prices in your area. GasBuddy.com or AAA app.
5. Take advantage of grocery fuel programs Kroger and Giant have program where you earn points for every $1 you spend.

https://www.moneytalksnews.com/5-ways-slash-the-cost-gas/

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