Could Pennies Really Add Up?

Repeat a million times and you’ll have $10 000

Property & personal loansIf you have used your home to secure personal loans or have a mortgage, your home is used as collateral. If you cannot pay your loans, your home can be legally repossessed or placed into foreclosure by the lender. The lender Solidcashsolutions can then legally sell your home and evict you in order to recoup the money you owe on the loan. If you have fallen three months behind on your mortgage in most states, the foreclosure process can begin. If you are facing foreclosure, however, there are several things you can do:

Act quickly
Work with the lender to establish a new repayment schedule if you can and try to give your lender advance notice if you will be late on your mortgage payment. Your lender will often be willing to work with you to help you, since the foreclosure process is costly and annoying to the lender as well. Ignoring foreclosure only increases the odds that you will lose your home.

If your mortgage is no longer affordable, try to modify your mortgage or refinance it to make it more affordable. You will have an easier time doing this if you have good credit and equity in your home.

Find a way to save your home
If you cannot refinance and cannot afford your mortgage, you may need to find an alternative way to save your home. You may need to work with an investor, who can purchase some of the equity in your home. Or, you may need to take in a lodger or tenant to earn extra income to pay your mortgage. You may also want to sell other assets in order to save your home.

Credit rating
If you cannot save your home, save your credit rating. Saving your credit rating means that you can at least buy another home. If you cannot save your home, consider selling it before the foreclosure date if you have some equity in the property. Use the proceeds to purchase a smaller home or start over with renting.…

If you are in a relationship, you will eventually disagree with your significant other over money. Maybe one of you will get a payday cash loan which the other feels is unnecessary. Maybe you don’t agree over how personal loans or credit cards should be divided up. Whatever the disagreement, you will need to resolve the issue. Here’s how to disagree about money without making the argument relationship-ending: 1.Set up your finances to win. If you and your significant other do not often agree about money or spending habits, consider keeping as much of your finances separate as possible. Separate accounts will minimize the number of arguments you have. 2.If you disagree, focus on finding solutions together. If you need to get out of debt, don’t start your discussion about the debt by accusing the other person of overspending. Instead, focus on what can be done now to resolve the problem. 3.Bring up problems right away, but gently. If there is an issue, work to clear the air at once. Don’t let resentment and anger build. Make sure to speak gently, as well. Don’t accuse your significant other about their habits. Focus on what bothers you and work together to find a solution.…

Huge money wastersSome things just don’t belong in your budget. These money wasters can eat up a lot of your paycheck, can make you reliant on payday cash advances, and can make it hard for you to get financially healthy:
-Cigarettes are not useful, they cost a lot of money, and in most places, they come complete with a hefty sales tax. Cigarettes are also terrible for your health and can increase your dental costs, health insurance costs, life insurance costs, and future medical costs. These are one of the most expensive items on your budget for this reason.
-Gambling can easily become an addiction and it is very easy to gamble away more than you intend to. Many people gamble because they think they will eventually win back their money, but this is an illusion. The chances of you earning back your losses are very, very tiny. Many people become dependent on personal loans and payday loans to feed a gambling addiction.
-Psychic services, party lines, and other paid entertainment services add very little to your life but they can be very costly. Many of these services charge a hefty per-text message or per-minute phone charge which can quickly add up.
-Any sort of convenience food – from take out to shredded cheese to peeled garlic to chopped celery – costs more than the simpler product. Avoid paying more by looking for simple foods. Buy foods at your grocery store or farmer’s market and prepare it yourself.…

They arrive in your life on time each month and drain your paycheck: bills. Bills are the monthly obligations most of us have for rent, utilities, and other services. For many of us, bills make up a big chunk of our monthly budget, but it doesn’t have to be that way. Here are some ways you can slash your bills and put more of money back where it belongs – your pocket:

1) Cut the bills you don’t need. Do you really need every service and product in your life right now? Do you actually watch enough TV to justify that fancy cable package? Do you really need a home phone and cell phone if you use your cell phone 90% of the time? Get rid of what you don’t need and you’ll save a bundle.

2) Find better rates for the bills you have. Take a close look at your remaining bills. How can you lower them? Call your credit card company and negotiate a better rate, or look at competitor prices to see if you can save money by switching some of your services. Don’t just accept the bills you get – find ways to save money on them.

3) Lower your debts. The payments on your personal loans, credit cards, unsecured loans, payday loans and other debts can contribute quite a bit to your monthly costs. Pay down your debts and you could save quite a bit of money.

4) Don’t forget to check out our guide to lowering your bills.…

The phrase “follow your bliss” is just about everywhere these days. It means, quite simply, that you should follow your passions rather than trying to always remain practical. Many people, however, worry that they won’t be able to stay solvent by following their passions.

Can you capitalize on your bliss?

The answer, luckily, is yes, although it may take some work. It is often not a great idea to quit your job, take out tons of personal loans, and start pursuing your passion (unless you have a great way to pay off all those unsecured loans). If you want to follow a passion, the first question to ask is whether you want to pursue this bliss full-time. If you love writing music, is this something you would like to do all day or just something you want to do once in a while? If it’s something you want to do part-time, you can often rearrange your current schedule to find time for your new hobby.

If you want to pursue a passion – such as drawing, for instance – full-time, you need to figure out how to pay your bills and still follow your bliss. Many people do this by making money with what used to be a hobby. There are plenty of courses, books, and informational sessions that can help teach you how to do this. Look up people who had a similar passion and turned it into a career. Follow in their footsteps and you might find similar success.

It often helps to start with small steps when following a dream. Consider pursuing an interest part-time until it really takes off and starts making you money. This will ensure you don’t have to take out huge personal loans right away and it gives you a chance to see whether you really love your passion to pursue it full-time. It allows you to find out more how your income taxes will change as you switch gears and will give you time to build up success before you take the leap.…

Many people just toss pennies away or leave them on a dresser drawer, but pennies are still money. Every once in a while, you can read about someone who has amassed large amounts of money by collecting pennies. Some newspapers, especially, love to print these stories.

Is it really worth grubby fingers to pick up a few pennies?

The answer is often yes. There is just no point in throwing away money, and any amount invested will grow. To get more cash, though, do the following: each day, take out your small change and put it aside in a jar. Once a week or once a month, take it in to the bank and deposit it in a savings account or emergency fund. In a year, you’ll have a good sum you can use to pay off personal loans or put towards investments. Putting aside all your small change is often a much faster way to save than focusing on pennies and most people don’t miss the small change in their pockets.…