Money Saving and Personal Finance

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Many people in this generation are in trouble and much concerned about money and on ways to save it. There are a lot of people who are spending more money when compared to their income and they lack financial knowledge. There are lots of ways to save your money and with the exception of any emergencies which can be used in critical situations. The most common way to save your money is to plan before making the deals and expenditures. Most of you might have made a New Year resolution to save money and stay stress free during emergency situations.

Here are some tips help you to save your personal finances that require proper planning prior to your expenses and can save for emergency needs.

• Food & Shopping: There are lots of things need to be planned before buying or purchasing anything. This goes with food and shopping. Many people spend a lot on shopping as there are different things which are unnecessary and excessive. You should try to avoid those things and make a difference in your savings. Also you should check on food as there are a lot of luxuries. Every time when you make an outing try to plan your expenses.
• Personal Expenses: These include personal and emergency expenses. There are lots of things to be planned before every expense and some people don’t follow which leads them to unwanted situations. You need to look on everything for your savings from cable provider to your utility bills. Always compare your prices and packages with your plan operator and by this way you can save on your expenses which are unnecessary.
• Automotives: This is also an important area where your personal finances matter. Always make sure that your car parts are working properly especially the air filter and spark plug as with this you can save more. Also you need to look at the speedometer and avoid driving fast as this saves fuel and money. There are a lot of new cars which decrease their power and mileage in first two years. You just need to maintain the vehicle and see the change in the savings.
• Entertainment: There are many ways to spend on entertainment and you should always look for offers and discounts. You can go for memberships which saves a lot of your money. Many people subscribe entertainment magazines which are such a waste of time and money, if you want information regarding anything you can take help of internet and it saves lots of money. Wasting money on DVD’s of your favourite movies is also the same instead of buying you can watch it online for free.
• Household: This is also other important issue you need to look on as you need to purchase electronic appliances by their power saving ratings. By this way you can save lots of money as well as electricity. You also need to check with the daily used appliances as switching the TV, PC or your coffee maker. If you are going out, turn off all these appliances which save a lot of electric power and can also control your expenses.

About the Author:
This article has been posted by Maria, a professional content writer and blogger who is writing articles on PPI claims and shows keen interest in finance. You can reach her at finacneport

National Bankcard Monitor Review

Businesses have chosen the route of aggressive marketing to sell their products to the ever-increasing number of consumers.  Consumerism has its fair share of pros and cons.  With so much variety available for any given product, people enjoy the whole concept of shopping.  This has been made even easier, with credit available for payments.  Banks and credit card companies have enticing offers and easy payment plans available to their customers, to fulfill their cravings. It is not only impulsive shopping we are talking about, but also other essential things like owning a home or car that requires borrowing.  All these classify as debt.  They attract a huge rate of interest too.  Every individual or family has a fair amount of debt in terms of mortgages, car loans, pending bills, credit card bills etc.  It is fine as long as the repayment towards these loans are on time and planned according to the income.  Otherwise, it can be a serious concern. 

Recession and unemployment are playing spoilt sport in the financial plans of many people.  More often they find that even though they are paying towards their debt, they are barely covering the interest due. Thus, getting into the debt trap.  Everybody wants to be debt free as soon as possible. 

Again thanks to aggressive marketing, there are different options being offered by banks and other non-banking organizations for people to become debt free.  These can have very technical sounding names like debt restructuring, debt consolidation and debt settlement etc. They all sum up to some thing more disastrous.  The overall credit score is affected.  It is not an option for a person, who wishes to repay his debt and maintain a good relationship with his lenders. 

In this scenario, National Bankcard Monitor is a right choice.  It offers professional help to the customer, who is sure of his or her repayment potential.  The company offers a faster way to get rid of debt, to be stress free and enjoy the house or car purchased and in the process, save some money by way of interest.  The company has a number of plans available for the customer to choose from, one which may suit his or her requirements. The company has a panel of experts who study the debt amount to be repaid by the customer, and work out a schedule for its prompt closure.  Of course, they do it for a fee, but it is negligible compared to the amount of money saved by way of interest.  It is not a magic potion that works on your debt instantly.  They do no claim to get your loans written off or paid off. The company helps you, as a valued customer, to manage your finances better. 

National Bankcard Monitor has professional expertise and the necessary tools to better manage your debt.  Their services are easy to obtain.  All the information is available online.  Select a plan suitable for you, fill in the data required and sign up for a nominal fee.  Many satisfied customers have gone for upgrades to better manage their finances.  The company offers a solution for people to better enjoy what they earn.

How To Survive During An Economic Downturn

As tough as it may sound, economic downturns are one of the hard facts of life and are considered as part of the flow and ebb of a country's economy. There are many factors which bring about economic-recession but whatever the underlying cause might be, the ripple effect caused by the drawback of an economy is far reaching and usually affects a majority of individuals in any given country. In view of this, it is mandatory that an individual should take drastic measures to survive this bleak economic period. The following are some tips on how to survive during an economic downturn

Plan Ahead

This is considered as one of the best strategies when it comes to surviving an economic downturn. In order to shield yourself from the diverse effects associated with economical downturns, you should set up proper strategies specifically aimed at counteracting the financial difficulties experienced during this period. Setting up an emergency savings account is one of the ways to go about doing this.

Avoid Bad Debt

There are two types of debts; good debts and debts. Good debts are debts incurred on basic utility bills usually in form of electricity, rent, water and gas bills. In order to live a comfortable life, an individual has no choice but to spend money on such utilities. On the other hand, bad debt refers to utility bills on items or luxuries that an individual can live without; these include club subscriptions and pay-TV.

In order to survive economic recession, bad debt should be avoided at all cost. This means that, an individual has to forfeit unnecessary luxuries that would only drive up the cost of living.

Use Debit Cards Instead Of Credit Cards

The use of credit cards during an economic downturn is one of the biggest mistakes an individual can make. By using a credit card, you are actually spending money that you do not have. In an attempt to continue living the life they were living before the downturn, most individuals end up accumulating huge balances on their credit cards. Debit cards are different from credit cards in that, the money is taken directly from a bank account and there is no interest incurred during its use.

The use of a debit card makes an individual aware of their spending limits and also shields an individual from the high interest rates associated with the use of credit cards. By doing this, an individual has a higher chance of surviving during an economic downturn.

Pay Down Debt

During economic downturns, it is usually advisable to pay down debts such as credit card debts. Increasing credit card payments even by a small margin will help you save a lot of money in the long run and is also instrumental in helping an individual come out of an economic crunch unscathed.

Cook at home

You can save up more by cooking at home as opposed to eating out. When doing this, it is usually advisable to buy packaged food in bulk in order to save more money.

Use public transport

Transport expenditure can be cut down extensively through the use of public transport. In order to further subsidize transport expenses, an individual can walk or cycle to a given location.
By doing this, an individual is assured of surviving an economic downturn in relative comfort.

Author Bio: Blogger who talks about all things finance for http://easyrefine.com/ 

Financial Courses For Marketers

Professionally Endorsed Training Courses

The Chartered Institute of Marketing (CIM) celebrated their centenary year in 2011 as the world's largest organisation for marketers. Highly regarded within the industry, they have established government recognition as the sector's leading authority on marketing standards, information, knowledge and general practices. The institute also provide accredited, industry approved sales and marketing training courses which can be accessed through their extensive network of national and international study centres. These offer professionally recognised qualifications which are considered as the gold standard in marketing applications by 95% of the UK's employers within the sector. With over 120 courses on offer, CIM can deliver the potential for skill advancement for every tier of the industry ladder, from the entry level novice to the boardroom manager.

 

Foundation Level Training Courses

Budgeting for Marketers is a 7 hour course which is designed to help delegates to develop their levels of communication with other financial departments within the company. Understanding the correct terminology and methodology can be a great confidence boost when working in collaboration with others in a team based budget project. Of specific relevance to those new to budgeting creation and management, students will learn about the processes of reporting, forecasting and analysis when constructing a budget and the corrective applications which can be used to effect change in the event of a negative reaction. The course is taught as an interactive workshop with the opportunity to build a budget from sample data and justify the content and implications to other delegates. Fees for the 1 day course start from �550. Designed to show how using basic levels of maths and statistical processes can implement organisational change and achieve objectives, the Basic Maths for Marketers is a 1 day course which costs from �550 to attend. Course delegates are taught how to deal with the collection, processing, analysis and utilisation of quantitative data in order to liaise more effectively with colleagues during internal projects. During the hands on study programme, students will also learn about the differences between descriptive and inferential statistics, how IT can be applied to quantitative marketing and how to improve focus to enhance the ability to process data analytically.

Advanced Level courses for Marketers

The Managing Marketing Resources training course is directed at teaching delegates how to manage the balance needed between the skill set of a team and fulfilling the client expectations for their project. This is one of the most difficult skills to acquire and failure to do so can result in poorly designed projects with inadequate budgets, unrealistic time constraints and disappointing outcomes. Students are taught how to manage their people skills effectively, improve their interpersonal skills and comprehend their behavioural motivations in order to become a respected project and team leader. They also learn the importance of team dynamics and the managing the 'three Cs'; change, crisis and catastrophe. The course delivery is through hands on practice and role play scenarios with interactive exercises and group discussions. Course fees are charged from �1,597 for 21 hours taught over 3 days.

Training for the Boardroom

For managers who are seeking to improve relationships and team dynamics within their department, the Coaching Skills for Managers 2 day training course can offer an effective learning platform for the development of innovative tools for use within the office environment. All managers are familiar with the principles of training, mentoring and tutoring team members, but the processes involved in coaching can deliver a whole raft of benefits including how to allow for the potential of growth, enhancing performance and wellbeing, building rapport and utilising strategies for conflict resolution. During the study programme, delegates will be taught basic NLP (Neurolinguistic Programming) techniques, how to inspire a greater level of commitment from their teams and to better understand the motivations behind why individuals behave as they do. The 2 day course costs from �1,325.