Mysteries spending on money

Do you know that about 62% of the 2,036 U.S. adults surveyed by telephone said that they “misplace” about $25 a week on “small cash purchases. They can’t even track back where their money goes.

You’ll be surprise to hear this, some men losing track $59 a week and some women lose track $52 which equal to $2,709 a year, on miscellaneous spending. What a big amount accumulate? According to financial planners tracking your money is very important and they suggest some tips on tracking them.

* Keep a journal on where every penny and every dollar goes for at least a week to see how money is spent.
* Set goals on how money should be spent.
* Make a budget to accomplish those goals.
* Stick to it.

Remember, Only you can take control on your money.

courtesy of : http://blog.arfgrafix.com

What is Unsecure Personal Loan.

Do you Know what is Unsecured Personal loan? Unsecured personal loans are the type of loans that require no collateral or any other security deposit. This mean unsecured personal loans, the approvals are easier to obtain but interest rates associated are higher than personal loans.

An instant personal loan does not require any collateral. Also, these loans may not require any background check either. Some companies can even get you your loan within the hour. But you have to be careful with unsecured loans because they will have high interest rates. This means that the bank is going to experience more risk, and will raise their interest rates.

Normally unsecured personal loans are given to the borrowers in the range of 1000 to 25000 dollars. Its range depending upon the monthly cash inflow of the borrower. The other restrictions to get approval for the loan are the borrower should be regularly employed which means also an adult citizen, and should have a regular residence even if it is rented.

What is secured personal loan.

Some people have unpredictable incident that get involve them an urgent money needs. If you don’t have an emergency fund an instant personal loan is one way that can get you the money you need when you need it. That’s why in personal financial planning, emergency fund should be created at least for 6th month of salary.

There are two type of personal loan which is secured and unsecured. Secured personal loan needs you to put collateral to get you your money at a lower rate. it also might take a few days for everything to be verified.

The lower interest rate come from your collateral. But remember it doesn’t mean that you will loose your collateral. It will take by the bank only if you can’t pay the loan. To get your loan more cheaper interest you need to tied a minimum year to pay back the loan. The longer your loan tenure more money you need to pay on interest. Find out my next post for unsecured loan.

A Happy Retirement: 6 Steps That Work

Have you done a proper retirement planning? Happy retirement could be e nightmare to somebody who didn’t prepare for retirement. Consumer Report.org had done an online survey through their 24 000 online subscriber and show an impressive result.

Among the retired, semiretired, and those still in the workforce, 60 percent of 54- to 76-year-olds polled by the Consumer Reports National Research Center this fall said that they were feeling upbeat about an economic recovery. That compares with just 34 percent who felt that way a year earlier.

But if our readers feel optimistic about the national economy, they still have grave concerns about their own financial futures. Our survey found that 70 percent of retired subscribers said they were highly satisfied in retirement, but some had fears about adequate resources and health-care coverage, some were getting the wrong information about important topics, and some were disenchanted with retirement. Click here to read more

Make money from investing in Real Estate.

Do you know? despite having a home you can also make money from your real estate? Once you own one home, the idea of owning another home as a money investment might pop into your head. Those who really make money know this 5 things. They know the location and the history. They know what new developments are planned. They know the transportation and the schools. They know everything about the area where they invest. They have to know it all.

Staying ahead of the competition in real estate investment means doing your homework. If you are new to the business, it can be daunting, but we’ll teach you five tricks that the old pros use to get ahead of the trends instead of chasing them. For More details.. read it here.

Tips- How to choose home location.

Choosing a home location might can cause you headache. Many things to consider and to look in. A home buyer would be in a good position in this decision process once he understands and executes all the important aspects involved in this investment for his future. But for a home buyer who looking for a location of home purchase where he can have his dream home built would be in for a lot of fun and excitement in the selection process itself.

Here are some tips to put in consideration.

1. School

For those who have kids who need to go to school and college must put this in the first place. The nearer school from your home can help to manage them properly for transportation and safety.

2. Workplace

Some people love to have home near to the office and very little buying home far from their work place. If your home is far, your spending increase as well. Its will effect your spending on Gas,tickets fee and time to travel.

It is more efficient if your home is near to your office and you can save more money. And also you can reach your home early and spend more time with your love one.

3. Facilities

New develop area usually lack of all facilities. Look for the future planning of the place either they had a plan on having a fire station, police station, hospital and nursing home. Normally develop area had all the needed facilities.

4. Marketplace

Shops which can provide daily need groceries and food must take in to consideration too. It is because, if you are far away from market, it can cause you a lot of money and time when just want to buy a bottle of milk when you need it the most.

5. Neighborhood

In order to have a dream home neighborhood is some important key. In life we can’t just live alone. Our kids need friends to play and we need friend to talk to. Choose a home in good neighborhood, where there are lots of children with safe space to play and where you find friendly people.

What You Need To Know Before Applying Your Home Loan?

Have you choose your dream home? If yes, do you know how to get your first home loan? I’m sure getting your first home can be pretty scary for every first home buyer. Here i list down some tips u need to do.

1) Do your Estimation.

It is very important to do your estimation. This will help you realize what all the rates and fees are going to be, and you may even notice some of the smaller fees that you would not have thought of by yourself.

2) Know your credit score.

This is the homework you need to do. With high credit score finding the mortgage lender can become much more easier.

3) Study the mortgage term

This is the important part. Mortgage term is the term that can trap you. So please be careful.

Home Buying Tips

Owning a home is a dream of everyone. For many people they have their dream house. Even you asked a kid about their dream home. I bet you get a lot of imaginably answer.

To had a first home here i list some tips you need to know.

1) Find out how much you can really afford.

Some financial expert say don’t spend more then 30% of you monthly paycheck to pay your mortgage. But there is a rule of thumb for estimating how much house you can afford. Combine both you and your wife annual income and multiply it by 2.5. If let say the total combine amount was $50,000, multiply that and you get $125,000. The amount show that that was the house value to search for and its determine the amount you can afford. Don’t forget to put in consideration of amount of debt and monthly obligation such as credit card balance and child support also your down payment amount.

2) Clean up your credit.

Most mortgage lenders often heavily look at their prospect client credit history to decide weather or not to approve your loan. Some also look at your credit history to consider how much interest if they approve the loan. If you are in a good history there will be no problem for them.

In a proactive way, get your credit report copy to look for errors. When there is something fishy take immediate action to correct the error. When you are behind payment, make it current. Lower you credit cards balance and prepare some good documentation if you have credit problem in the past. Proper explanation might be consider to the Lenders.

3)Choose a reputable mortgage lender and real estate agent.

Simple way to check reputable mortgage lender and real estate agent is to make a call your area Better Business Bureau to make a background check. It is your right to determine if there is any negative report and to a thorough check on your agent.

4) Get pre-approved.

Some agent will consult you to get a pre-approve loan amount to easily determine your selected estate area. From the amount you can start doing comparison on which matched house can u have.

5) Find the right neighborhood first.

Good neighbor is an important key to had a home. If there is any undesirable neighbor don’t ever take a risk to buy the house because you wont have a quality life even if you found a perfect house.

I hove those 5 tips can help you to find your dream home. Have a nice day.

New year Resolution to have more money.

Today is 10th of January 2010. 10 day had pass for 2010. At the begin of the year, have you do any new year resolution? If yes, is there any resolution on increasing your money? Ahaa…

Here i list down 5 resolution that can make you have more money.

1. Quit smoking.

I’ve done it and i am happy with the result. As you know, smoking is killing your self and shrinking your pocket also. If you quit you can save around $1,600 to $2,000 a year. For nest 10 year what a wonderful saving you will add in your account. Take action now. It is all in your Believe system. If you believe you can live without smoking you certainly can quit smoking.

2. Exercise Regularly.

Do you know, on average Americans are spending $7,800 annually on health care. Those cost are the result of the life style choices of more then half from it.

Exercise can dramatically improve conditions like diabetes, high blood pressure, high cholesterol and heart disease. Some exercise which guided by doctor also can help reduces medication in some area. It can go until half. Wont it save your money?

3. Eat Healthier

Now a days, I believe fast food is the lifestyle to catch limited lunch time. It is just not expensive also not in a good way to have healthy food. It just a myth to to had healthy food you have to spend a lot of money. Do some comparison and you ‘ll be surprise because to have healthy food it is a cheapest way to eat.

4. Pay Down Debt

Facing debt is very stressful. When your resolution is to cut off debt, you are on the right direction for a better life without debt stress.

Paying down debt has another added benefit: Your credit score goes up. That means the next time you borrow money, you’ll pay less for that loan.

5.Build Up Emergency Fund

According to the financial planner, emergency fund should acceded 5 to 6 month of your current salary. With some emergency fund which is easily access when needed you can lowered the stress on facing the unexpected event such as car broke down.

At the same time you can earn some interest from the bank also. Isn’t it sound good for you??

What are you waiting for. Take action now.

The Magic of Compounding

Excerpted from Bogle on Mutual Funds by John C. Bogle, pages 4-5

The magic of compound interest is simply a combination of time and rate of return. Let us begin by taking a truly long-term look at the financial markets. Complete data tracing the returns of financial assets are available beginning in 1872. I use primarily the Standard & Poor’s 500 Composite Stock Price Index (and a predecessor index prior to 1926) as the measure of common stock returns, the long-term (20-year) U.S. government bond as the measure of bond returns, and the 90-day U.S. Treasury bill as the measure of the returns on cash reserves.

During the 1872-1992 period, the annual return on U.S. common stocks averaged +8.8%, the annual return on long-term bonds averaged +4.6%, and the annual return on cash reserves averaged +4.2%. The differences in returns – which may appear small – result in a staggering dispersion in the final value of $1 invested in each asset class on December 31, 1871. The summary figures are in Table 1-1. A mere 0.4 percentage point increase in return, from +4.2% in bills to +4.6% in bonds, increases the final value of the $1 initial investment by more than 70%. A further 4.2 percentage point increase, to 8.8% in stocks, causes the final value increase an additional 115 times. This is the magic of compounding writ large. Figure 1-1 presents the cumulative returns since December 31, 1981, for each of the three basic asset classes.