Take Care Of Your Money Worries With These Five Steps

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We could list all of the potential money worries you may be experiencing here, but that’s not going to help the situation.

It’s understandable you feel stressed and overwhelmed from a low cash flow and being caught in a neverending debt cycle. Still, it’s important not to dwell too much on how the debt occurred and the extent of your money worries. And instead, shift your remaining inner strength and drive towards taking care of them. 

Once you have some free time, grab a coffee, and work through the below steps. 

1 – Face Your Fear 

This part is incredibly uncomfortable but necessary. Rather than delay dealing with your debts, get stuck in and expect it to feel awful at first. Gather everything related to your money issues in one place.

2 – Make Your Finances Clear

Write down, or type in an excel spreadsheet the amount you owe and the interest you’re paying on the debt. It would help if you had a clear picture of your income (including state benefits and money from assets) and your outgoings too.

3 – Assess The Situation 

With your income, outgoings, and debt payments laid out, assess the numbers and decipher whether you can afford to pay your debts back without getting further into debt. 

If you can, great! See if you can increase your payments to pay them off sooner, and work how long it’ll take before you clear your debt. If you can’t, it’s time for some swift action.

4 – Rally Up And Work Through Your Options 

This part requires you to treat your debt and eliminate it as if it’s a job. You’ll need your phone, paper, pen, and laptop, and preferably somewhere quiet to work. With your “money worries workspace” set up, work through the below points;

  • Handle your highest priority debt first – call the company to explain your situation, such as a job loss, divorce, illness, and subsequent income loss. Because they may be able to accommodate a cheaper repayment plan.
  • If you have debt from different companies, make it manageable, and look for a reputable debt management company. For instance, Debt to Success System ain’t a scam and could be the right organization to help you write off, or consolidate and reduce your monthly payments into a manageable monthly sum. 
  • Relentlessly cut down your outgoings. Work through every bill, cancel unnecessary subscriptions, let go of the weekly cleaner, and reduce your TV and internet package. Also, if your mobile contract is up for renewal, why not cancel the contract? And buy a cheap rolling-contract sim instead. And always remember to preplan food shops by writing a list, with a budget, and stick to buying food you can afford. Even if this means shopping somewhere cheaper.

5 – Always Keep Up Your Routine

Amongst handling your money worries, try not to let your routine slip. Basics such as eating, sleeping, keeping active, and taking a break are crucial. To ensure you have the energy to continue not only facing, but also managing your money worries effectively.

Working through the five steps above shall enable you to break down your money problems and source relevant solutions to relieve your worries. 

Easy Ways To Keep The Kids Entertained In The Summer Of 2020

As you know well, this has been one of the toughest years in history due to the Coronavirus. We’ve experienced being locked indoors, the closure of our favourite places, face masks, the unfortunate loss of loved ones, and in general, a terrifying and strange time for the entire planet. Now that numbers are easing a little, and many of us are beginning to adapt to the ‘new normality’, it’s time to start enjoying the summer with the kids! Here are some easy ways to keep the kids entertained in the summer of 2020!

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Get them outside!

Perhaps one of the worst parts of COVID is being stuck inside and becoming bored very quickly, so get the kids out of the house! Don’t worry; we get it – kids might not fancy the idea of a nice long walk, so make it exciting for them! You could create an ‘eye-spy’ game for the duration of your journey, or even motivate them by challenging them to reach a destination before you can count to ten. Alternatively, you could dig out their tablets and allow them to catch Pokemon they’ve not had the chance to yet. You can get a Prepaid Bill to give them the data they need to roam and get that all-important exercise!

Reconnect them with their friends

Children thrive around their friends, and even as adults, it’s been difficult not to be able to connect with our friends and families as much as we’d like to. You could set up a zoom call with their friends regularly and allow them to reconnect with them. Alternatively, you could set up a meeting in an open space while maintaining a distance so that they can play in the fresh air.

Redecorate their bedrooms 

Over lockdown there’s a high chance your children have spent a lot of time in their bedrooms, so why not use this time to redecorate? This doesn’t have to be an expensive renovation, either! Why not let them choose a colour to repaint their walls in, or choose their favourite character to base their new bedroom on. There are plenty of cheap and easy decorating ideas on Pinterest, but alternatively, you could let your creative side flow!

Let them choose!

It’s hard to please everyone, so instead of trying to find activities that you ‘hope’ everyone will enjoy, you could try letting your children choose what to do. Give them a day each to choose an activity or outing (obviously within your budget) and see where it takes you! You’ll probably be surprised at some of the choices your children come up with! Spontaneity can turn what might seem like a dull day into one of the biggest adventures with your children!

Lockdown has been difficult for everyone, and the thought of finding things to keep your children entertained can be daunting. Just remember that as long as your children are healthy, well-fed and warm, you’re doing a fantastic job! Enjoy the summer of 2020!

How To Save Money When Buying A New Home

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I think most people place homeownership on their list of life goals at some point. It’s seen as a mark of success to earn enough money and buy your own house. However, it’s also a very costly expense. To buy a house, you need to control your spending and make the most out of your income. It requires a lot of saving until you have enough to afford a downpayment. 

At this point, you can easily fall into the trap of paying too much for a house. Lots of people are so eager to become homeowners that they buy the first house they see. In reality, you want to get the most out of this investment, which means finding ways to buy a house as cheap as possible. You can do this, and I’m about to show you a few simple tips:

Work with a real estate company

Most people tell you to avoid real estate companies as they charge fees that can make a house more expensive. This is true, but the benefits largely outweigh this con. Estate agents know the property market a lot better than you, meaning they can find the most suitable homes for your budget. Without them, you could miss out on some great deals. Look at companies like Cami Jones & Company, they offer access to luxury homes that you might not find if you searched alone. The best way to think about it is to look at how you make other investments. When you invest in stocks, you work with a broker who has the experience to guide you in the right direction. This way, your money is put to better use. Real estate companies are the property investment version of this – they help you find a dream home for a great price, potentially saving lots of money. 

Buy at the right time

Buying a house during a property market boom is a bad idea. It means the house prices are up, so you will spend too much on a house. Instead, try and wait for house prices to take a bit of a hit. As they drop down, we enter a buyer’s market. Effectively, this gives you all the power as people are desperate to sell their homes before the price drops even more. Plus, they don’t want to keep their property on the market for too long as they may need to move house. Buy during periods like this to get great houses with huge savings.

Haggle

Now, this is where it really pays to have some professionals on your team. Haggling is the best way to lower the asking price of a house and bite off a big chunk of money. Every seller is open to haggling, you just have to know how to push the right buttons. The video above provides a few negotiation tips you may find useful. 

Combine these three things and you will save a lot of money when buying a new home. In fact, it will surprise you how much you could save. Much depends on the seller and the asking price, but it’s not unheard of to save thousands on a home.