5 Ways to Prevent Money From Ruining Your Marriage

Wedding planning is one of the most anxious times when you have to take every step under perfect flourish. When you’re busy planning your wedding & other works around your ceremony, you need to do more than just picking out a dress, cakes or caterer. Yes, your finances.

Newly engaged partners must figure out how they will merge their separate finances into a system that will keep them blissful and financially secured in future.

You need to know the right way to manage money, so figure out the mingle finances. You may seek help from an advisor to sort out money management issues well in advance.

As per the reports made by Knot, 90% of engaged couples discuss their finances prior to marriage. However, in order to make it a success, they need to approach their conversation from the right angle. In this article, we will speak about how you should prevent money from destroying your relationship and make your marriage financially successful.

Don’t set yourself up for disaster

Most of the couple usually make the same mistake by spending too much on the wedding. Experts who specialize in personal finance say that for couples who can’t afford to pay cash, do end up into debt. Also, many young couples who are on top of their credit card debt and student loan literally get drowned in debt out of the gate.

So, those with limited budgets should do something smaller or find alternative ways to make their wedding affordable. This way they’d save big party for 5th or 10th anniversary when they’re in rich financial position.

Set your eyes on the prize

As time goes by, it’s not unusual for people’s financial priorities and expectation to shift. However, couples need to check in with each other ensuring that they’re still in synch. It’s a reality check for couples to sit & discuss the financial stands, whether it’s saving more for retirement, paying off debt, or for a vacation home.

Having goals aligned is very much crucial for couples when only one spouse generates the income. Usually, the non-working spouse feels guilty about not contributing financially or the working spouse may resent because the money earned is not being spent prudently. Thus, it is essential that both partners have the same goal in mind and it can be possible that the spouse that’s not working does something to generate some money.

Understand your partner’s money mindset

According to Matt Bell (associate editor at sound mind investing and author of book Money & Marriage), a lot of fights between spouses that seem as though about money, aren’t about money rather it’s a clash of temperaments.

Now, temperament is a huge potential source of conflict and one person may be upset that their spouse spends too much. However the issue may not be just that they can’t afford it, but something deeper like real fear of not being able to pay bills on time.

It is important to understate how your spouse was raised around money and how they view money. Some questions like: did they live on a budget? Were their parent’s frugal or big spenders? Did your parents talk about money or was it a taboo matter? Did you live on a budget? What is your spouse’s greatest fear of finances?

All of these answers will play into marriage and depend on how partner treat money at present times.

Don’t ignore the “B” word

“Budgeting” may seem tedious, but with it, one can yield significant benefits and prevent their marital turmoil and bringing into light about where their money is going.

Through the intervention of technology, budgeting has become a lot easier with the proliferation of apps and online tools that tracks your spending and account for you. There are many programs where you can create a budget and automatically track your transactions and accounts. As such you’ll also be able to see your progression and categorize your purchasing to get a better idea of how you’re spending your money. As there are a lot of great programs, it’s worth looking into which program works best your budgeting case.

Stop keeping secrets

Keeping secrets from your spouse can put you on the fast track to marital may-hem especially when it comes about money. According to a poll conducted by creditcards.com, 6 million consumers in the US (about 7% country’s population) conceal their financial accounts like credit cards, savings accounts, checking accounts from their partners, spouses or significant others they live with.

So many couples do hide debt or money or charges and when the spouse finds out; it gets into a war in their marriage. In a survey conducted by moneysupermarket.com, 1 in 10 people said that their secret credit-card purchase led to divorce or breakup.

While no one should be expected or micromanaged to disclose every purchase, lying about big purchases, or hiding can be toxic to the relationship and may even lead to bigger emotional issues down-the-line.

Conclusion

As with managing money in marriage, the above essential tips will surely give you some deeper knowledge and provide means to prevent marriage from being ruined. By applying these steps, couples can set a stage for a marriage built on financial harmony, honesty, and openness.

This article deals with significant aspects of managing couples relationship alongside monetary issues where both spouses need to take critical steps to prevent ruining their marriage. Some steps may be quite awkward to take, however, the results here will benefit both of the partners in long-term running towards a successful married life.

How to Manage Your Personal Finance Like a Business?

People who have spent much time over their workplace can use some relevant skills to manage their personal finance. For those who work at big companies or have their own start-up, or even for the government, will have to involve dealing with some form of financial management.

In this article, you’ll get to identify some of the personal finance management skills that you’ve learned at your workplace and can apply them to your own financial management.

Now, there are simple and absolutely easy targets that will help your lifestyle and improve your finances. Even if there’s no magic formula that would make you completely unstressed about money, however, if you’re being stressed, then you can get a hold on your personal finances by adopting these techniques. In this article, you can find keys to help you get control of your finances and after following them consistently, you can see that your financial problems have diminished to a greater extent along with all the financial stress.

It is quite feasible for anyone to accomplish them regardless of their financial knowledge.

Start with goals

The first thing you should do is write down your specific goals about what are your priorities regarding money and life. Since finances can affect various areas of your life, your goal to a different perspective would surely affect how you plan your finances. Also, your goal to retire early depends on how well you manage your finances now. In case of homeownership, starting a family, changing career, or moving will all be affected by how you handle your personal finances.

Once you list out all your financial goals, you need to prioritize them and ensure that you’re paying attention to each one that holds your most important. You can also write them in the order you want to achieve them, however, give more importance to bigger and long-term goals like saving for retirement while also working for other goals side by side.

Tips to identify your financial goals:

You should start by setting long-term goals such as buying a home, retiring early, getting out of debt as these are separate from your short-term goals. Thereafter you can consider setting short-term goals such as not using credit cards, decreasing your spending, following a budget, etc. However, don’t forget to prioritize your goals by creating a financial plan.

Create a plan

A financial plan is crucial to help you reach your financial goals. These plans cover through multiple steps and through sample plans; you could get control over your budget, get out of debt and create a spending plan.

Once you’ve adept these 3 things, you’ve freed some considerable cash. Now, the money that you’ve freed up from debt-payment can be used to reach your goal. So, you need to decide your important priorities and take a steady effort to work towards your long-term retirement goals, even not neglecting the goals that you have set for yourself.

For example: for your next step, things that can be worked for are like: extravagant trip, buying a home or building your own business, buying a car, etc. These goals, along with the emergency fund will help you stop making a financial decision that drags you towards fear and leads you to have controlled access over money.

Things to consider while creating a financial plan:

Budget holds the key to success and is the tool to provide you with control of your financial future. This is also the key to achieve the rest of you plan and so you need to contribute to long-term goals like saving for retirement without thinking of the status of your financial plan. Apart from this, another key factor is to build an emergency fund that will lead you to financial success.

Some of the crucial things to consider are:

  • Budgeting
  • Diversifying revenue streams
  • Spending on assets
  • Maximizing tax breaks
  • Prioritizing spending
  • Not re-learning, just re-application
  • Stick to your budget
  • Get out of debt

Advice is always helpful

Once you are ready to begin investing and grow your wealth, you should speak to a financial planner who can help you make your investment decision. A good advisor will share the risks involved in each investment and help you find products as per your level of satisfaction. They will also help you work towards your goals at early times. Also, a financial planner will take concern for your budget which is an additional bonus for your long-term success.

As investing is a long-term strategy to build wealth, financial help can be found anywhere nearby your area or even from through online mode.

A community centre or local church will offer you classes on budgeting and personal finances. Even at the time, you can seek the course offers from various credit and banks unions as well.

If your parents or family members are at good with money, you can ask them for help by talking to them about what they have done differently and what worked for them financially.

Conclusion

This article gives you complete simple and absolute targets to improve your finances. If you are having hard times related to your personal finance and have tried looking for numerous options, you can conclude your search by relying on the above mentioned management steps. It will successfully work to give you an insight on how you can take control over financial goals and control them effectively for both long-term and short-terms prospects.

As such you can make the best deals out of each step and look forward for a pleasant yet stress-free solution that will diminish your financial problems.

How to Supercharge Your Credit Score In Just 3 Months

A low credit score can keep you from moving ahead with major financial goals, such as buying a car or a home. Working to improve your score may seem overwhelming, but it’s less challenging than you think.
In fact, it’s possible to grow your score relatively quickly if you have a strategy for doing so. If you’re hoping to add points to your credit score over the next three months, these tips can help.

Get to know your credit report and score

Credit scores don’t materialize out of thin air; they’re calculated using the information in your credit report. Credit reports are compiled by three companies: Equifax, Experian and TransUnion.
Checking your credit report and score is important because it can give you insight into what’s affecting your credit rating. Late payments and collection accounts, for instance, can drag your score down. Paying your bills on time and keeping your credit card balances low, on the other hand, can help your score.
You can track your free credit score with Credit Sesame and get access to a credit dashboard that shows you what’s on your credit report at a glance. While you’re checking your credit report, keep an eye out for errors which may be hurting your score. If you find one, take steps to dispute it with the credit bureau that’s reporting the information. Getting an error corrected could add valuable points back to your score.

Create breathing room between your credit balances and limits 

One of the most significant factors that affects your credit score is the ratio between your total credit limit and how much of that limit you’re using. Ideally, you should be using less than 30% of your total available credit to give your score a boost.
If you’re over that mark, there are two things you can do that can positively impact your score relatively quickly. The first is paying down a chunk of your debt. If that’s not realistic in a short time frame, the other option is requesting a credit limit increase.
Having more available credit can improve your credit usage ratio and potentially raise your score. Just remember that if you have more credit available, not to go charging up new purchases against your increased limit.

Apply for new credit sparingly

Any time you apply for credit, it shows up on your credit report. Each new inquiry knocks a few points off your score. If you’re in credit improvement mode, hold off on applying for new loans or credit cards unless it’s absolutely necessary.

Make credit reviews a regular part of your routine

If a better credit score is your goal, you need to be proactive in seeing what kind of results you’re getting for your efforts. Free credit monitoring services like Credit Sesame can help you track your progress in growing your score from month to month. You can get alerts any time a change is made to your credit report, which can help you develop better credit habits over the long term. And remember, checking your own credit won’t hurt your score.

Why Car Insurance Rates will Rise in 2018?

With the recent stormy weather causing significant damage to vehicles and homes across the country, combined with an increase in car accident claims, insurance companies are bracing themselves for another bad year – and that means higher insurance rates for you.
I spoke to Darren from www.bigmotoringworld.co.uk who said: “car insurance has been on the increase steadily since 2015 and it doesn’t look like 2018 will be any different, unfortunately for the average motorist”.
And the price hike is nothing to do with how well you drive or how many no claims you might have. It’s a matter of the insurance company’s profit.

How do car insurance companies make money?

Like all businesses, insurance companies need to make money to survive and they make their money from the premiums which we pay them. However, if they start to pay out more in insurance claims and regular costs, then they start to lose out.
If the ratio of damage payouts to premiums coming in goes above 100%, it means the insurers are making a loss and that’s when we, the customers, end up having to pay a higher premium to keep them back in balance.
Bearing in mind many of the insurers are huge global corporates, the recent hurricane and storm devastation has seen a huge hike in claims paid out over the past years, along with an increase in drivers on the road means more accident claims than ever are also being paid out.

Which insurance companies are affected?

This combination has seen an overwhelming number of the car insurance companies – 8 of the top 10 – experience ratios higher than 100% in the past few years.
So even if you have never had an accident in your life, the likelihood is that your car insurance payments will increase this year. It does always pay to shop around to try to get a better deal and it’s always worth checking out the insurance comparison sites to see what’s available, but with most of the big companies in the same boat, there are less likely to be great deals out there.
Unfortunately, despite the rates having risen regularly over the past few years, it still doesn’t seem to be stemming the gap between loss and profit for the companies either. Current trend analysis shows the top companies are still likely to make even more of a loss, even with an increase in premiums paid this year.

What has led to this situation?

This has been blamed on the increase in large claims due to storm damage and also comprehensive claims which can be very costly for insurers. But also people seem to be crashing their cars more over the past few years, perhaps distracted by mobile phones and social media – with more claims than ever before coming in from road accidents.
According to statistics, 22% of households had made a car insurance claim, compared with 20% in 2010. More and more of us it seems are having car accidents and claiming on the insurance than compared with a decade ago.
Unfortunately, the combination of weather damage and increased accident claims has continued unabated for several years, causing the car insurance companies to continually move towards bigger and bigger losses, despite putting up premiums on an annual basis.

Where is the insurance market likely to go from here?

It is difficult to predict where car insurance prices might go in the future as the trends including distracted drivers and more drivers on the road are only likely to increase, while clearly, the weather patterns are completely unpredictable by nature.
It may be that future changes to laws around driving while distracted or some other changes in policy might help to put people off driving and then help to drive down premiums again but that really remains to be seen.
Right now, all that we can be sure of is that our premiums for 2018 are likely to increase yet again with many people paying around 20% more compared with 2010 prices when the companies were in a far better profit position.
It is a good time to try to shop around to make sure you are getting the best deal and best value for money for your car insurance but there are unlikely to be ground-breaking offers out there. It might be a good time to check out some of the smaller less popular insurers who are not so affected by the large claims to see if there is any room for manoeuvre there.
So, unfortunately, no matter how good your driving history or how clean your license might be, it seems there is no escape from an inevitable price hike in your car insurance premiums for this next year, thanks to the weather and an increasing number of distracted drivers on the road out there.

Shopping For An Auto Loan?

It is obviously a better idea to pay cash for a car purchase. But that’s not a viable option for many. They are comfortable with partly payment to the lending house as part of their loan payoff scheme. If you are shopping for an auto loan, it is important to consider the best deals only. Being driven by wrong belief, many potential borrowers never swivel their attention from working it out at the car dealership. This way, they only miss on chances to get a better rate, a plenty of which are for grab. Some think about rolling their old car loans into a new one, which may not be a better idea always.

Go with the following flow to know how you can shop around the best auto loans:

First, decide which car make you want to buy. If you are looking for a luxury ride, it means pouring of the more liquid fund. For any rational buyer and borrower, the choice should be a function of his/her affordability. Ideally, an auto loan should be paid in 3-5 years and that could give you a peace of mind. You can take out more money if you can afford. However, borrowing more than requirements never makes a good sense even if you can afford it.

Approach your local credit union if it will pre-approve you on your auto loan. The credit union is likely to get you the best rate. You can also place a call to your current or local bank or meet the authority in person to know what it charges for an auto loan. The loan is likely to come up with the lowest interest rate if you already have a draft for automatic payment from your account. Also, inquire if your bank has other discounts to offer. Take time while shopping for an auto loan as you need to get quotes from different institutors and go through details of the offers. Make sure to compare the rate as charged by the credit union and your bank with that of a car dealership, it is the ideal way to make the best choice.

Wherever your auto loan is sourced from, you will be asked to submit your income details along with residence proof and credit scores. If your lender does not require these during pre-approval stage, then you may need to submit them while signing the deal. However, the unscrupulous lending houses won’t ask for these but you must avoid them at any cost; otherwise, you are more likely to discover hidden charges at the time of pay-off.

If you already have an old car, sell it off instead of ‘trade in’. It will bridge a gap between the required and received by a good extent. Also, make it sure not to merge your new loan with the existing one. You will be sagging under a burden that is heavier than your loan’s worth.

Once you are done through your car selection, you should ask the loan officer regarding how to proceed. This often involves enquiring about a car dealership. Once the procedural work is complete, the dealership will hand the title over to you. The title comes with a note mentioning the lien on it. When the title is changed in your name, it will be mailed to the institution where you have sourced your loan from.

11 Financial Decisions You’ll Regret Down The Line

No matter what your long-term financial goals are, there are some financial decisions you will come to regret. Fortunately, you can head these decisions off now that you’re reading this.
As you make your daily, monthly, and annual financial decisions, be sure to avoid making these incredibly regrettable choices. In ten years, you’ll thank yourself.

Failing to save enough money

Many people don’t realize the value of putting money in savings until it’s too late. There are several excellent reasons to put as much money into savings as possible.
First, you’ll need money to cover emergencies and other unexpected expenses. If you ever have a job loss or reduction in household income, savings can help supplement the income loss until you’ve replaced it. Savings can be used for a down payment on a home or car, to pay for a child’s college tuition, or even to start a new business.

Buying a house before you’re ready

For years, owning a home has been an essential part of the American Dream. But, rushing to make that dream come true can turn into a nightmare, particularly if you have to take out a mortgage for your dream home.
A mortgage is a major long-term obligation. With homeownership, you’re also responsible for property taxes, insurance, and home maintenance and repairs. Buying a home before you’re ready can derail your financial progress and delay some of your other financial goals. Make sure you’re following sound advice when looking to buy a home, and not acting on impulse.

Not building a good credit score

Credit scores are a numerical representation of the information in your credit report. The three-digit number measures the likelihood that you’ll default on a new credit or loan obligation. Many businesses – creditors, lenders, and other businesses – use credit scores to decide whether or not to approve your application and to set the price they’ll charge when they do approve your application.
Waiting too long to start building your credit means you’ll often have trouble getting approved. When you are approved, you may have to pay a higher interest rate or security deposits. Once you build your credit score, the lender’s requirements will be more lenient.

Waiting too long to start investing

Investing can seem intimidating, but once you understand how investing works, you’ll be upset with yourself for not getting started earlier. When you start investing earlier, your money has more time to grow.
You can build up much more money over a longer period of time by starting earlier rather than waiting for some point in the future. Not only that, when you’re younger and have fewer family and financial obligations, you have much more flexibility in how you spend your money. That is one of the best times to get started investing.

Not getting health insurance

Forgoing health insurance may sound like a good way to minimize your expenses and keep more money for yourself. However, not having health coverage is risky, even if you’re healthy.
You could have an accident or fall ill at any point, without warning. Without health insurance, you’re financially responsible for all your medical bills. If you can’t afford to pay medical bills, it could push you into bankruptcy. Medical debt is one of the biggest causes of bankruptcy in the United States and it often stems from a lack of health coverage.
Even if you get hurt at work, disability will not take care of everything, and often, it’s an incredibly hard process to navigate. Most people need a lawyer to get through the Social Security disability process.
Don’t get caught with your pants down trying skating by without the medical care. Your future self may come to regret it.

Carrying high interest rate debt

If you don’t get rid of your high interest rate debt now, ten years down the road, you’ll look back with much regret over the amount of money you wasted on interest payments. It’s money that you can’t get back, that you could have spent on something far more beneficial.
Focus on getting rid of high interest rate debts now, even if you have to make some sacrifices. The money you save on interest and finances charges will be far more productive being invested or saved.

Not diversifying your investments

The idiom “Don’t put all your eggs in one basket” is perfect to describe why you should diversify your investments. Diversifying means you’re investing your money in different places to hedge against risk.
That way, if one investment drops in value, the money in other investments will keep you from suffering a total loss. Diversifying is about more than putting money in different stocks. You should also invest in other types of securities and accounts.

Not Diversifying Your Career Skills

The workforce is changing. Automation is eating up administrivia, and some people are left jobless. You’re out of your mind if you think what you do with your career is not a financial decision.
Everyone wants to “do what they love,” but very few people love what they do. They do it for money, plain and simple. Apart from the obvious ones, automation software is already taking hold of marketers, project managers, IT professionals, AP clerks, and the list goes on. It’s taking aim at more careers too.
If you want to stay employable, start embracing technology, and getting used to managing it. You should also be familiar with whatever higher-level tasks are available in your career vertical. This will be a huge help down the line.

Living above your means

Spending more money than you make will quickly lead to financial disaster. There are only two ways to fund this lifestyle – either by dipping into savings or by creating additional debt – and they’re both disastrous.
You can ensure you’re living within your means by using a budget to plan your spending. Reduce your expenses so they fit within your income rather than stretching your spending outside of what you can afford.

Loaning money to friends or relatives

Most of us want to help a loved one who’s in a tough spot, but too often, these situations backfire. Loaning money to a friend or relative turns your relationship from personal to business.
If they can’t afford to pay you back, it can put a strain on your relationship and possibly even end it for good. That’s not to suggest you can’t help out, but considering your help a gift rather than a loan can keep your relationship from falling apart.

Not educating yourself on personal finance

It’s your job to learn as much about personal finance as you can so you can work toward a secure financial future. There’s a wealth of free information available on the internet. You can also check out books from the library or purchase books if you prefer to own them.
Investing in your own personal finance education will prove to be invaluable when you look back 10 years from now.

The Inside Matter – What The Investors Really Want?

If you are in the financial trade, you would absolutely know just how hard it is to answer the above questions. The financial market is a tricky business and investors are on a constant watch to make smart financial decisions so that they won’t suffer any loss.

So much for the tricky business

There are a lot of ups and downs, some decisions will work and bring success while others will fail. But it’s very challenging to interpret exactly what the investors want. There is a lot to acquire from the financial market. And everyone has their own reasons to linger into this finance biz. There are many factors that impact the financial decisions of the investors. Their behavior, their planning, their actions are affected by more than one thing.

Investors’ visions are clear. There is no place for poverty in their visions, no place for the regret of their losses. They only nurture the hopes and dreams of riches and profits galore.

Investors want many things; these are just some of the ever-expanding list:

Investments should equal high profits

Someone once said, “It is very easy to find things at fair prices than to find it for free.” Likewise, it is easier to find investments with equal profit and risk margins than to find investments with profit margin higher than the risks involved. Investments that have higher profit margins than the risks involved are the best candidates to invest in.

A healthy saving-spending ratio

Investors always want to save for tomorrow while spending their money wisely in the present. There is a fine line between the saving and spending ratio. Analyzing and accounting allow the average investor to strike a fine balance between how much he has to save and exactly how much he is allowed to spend. The conflicting desires to spend more than saving can be avoided through some well-practiced self-control.

Investors want products not ideas

Investors know the difference between a good idea and a good business. They engross themselves and properly evaluate potential investments to put their money behind efficient products rather than gamble on great ideas. They really know how to spot a great investment. They understand a good investment must be a good product, not just an idea that sounds great on paper with no proof of its success rate.

Investors want a sustainable product

Investors like to indulge in products that are sustainable in the market. The customers must accept the product and there needs to be a large market for that. When money is in question, the product must have a genuine following. Numbers don’t matter but if it has a genuine sales record with some reputable clients then the investors feel somewhat safe to commit in that product.

Investors want the freedom from the fear of losing

Though the investors have similar wants, they are quite different when it comes to the terms of reality. Investors want, they rather hope to always reap profits, always gain the riches. What investors really want is the freedom from fearing the loss. Every investor knows that there will be some success and there will be definitely some losses. It totally depends on the investor to embrace this fact and hope of riches rather fearing the losses.

Investors want no overriding emotions

The purport of the investors is that they want to succeed no matter what. They know the dangers, the risks of the game they play yet they keep on playing and win. Too much emotion can misguide them into highlighting the profits and obscuring the risks when the reality is quite the opposite. Sometimes their erroneous thoughts drive their ability of decision-making.

Sometimes emotions can affect their skills and chances yet they need to have a healthy balance of emotions to make that perfect decision that the situation demands. Investors want to be in control of their situation, to always end up on the winning side.

Investors want the freedom from procrastinating

Investors feel exuberant when they earn profit from their investments, their joy knows no boundaries. But when it comes to suffering the losses in terms of their investments, they procrastinate. Investors don’t want to ever face the losses; they want the freedom from the procrastinating phase. They don’t want their financial decisions to go awry because then they have to retrospect and recover from it.

Finally,

Investors want fairness to be the endgame. They like to play on their own terms and then win but that certainly doesn’t mean that they don’t respect the game. Investors want proper respect for what they do. They want to invest in their future for their children and their families. They want to avoid taxes and make the most of their trading investments.

But what all investors must understand and remember is the fact that investments are not all about the money, they are about the life beyond the term “Money”.

Keep Accurate Financial Records Simply with Bookkeeping Services Online

Dealing with the finances of a business can be the most dreaded part of being an entrepreneur. With all of the transactions that come in and all the expenses going out, it can be difficult to keep track. Keeping track is essential though, or you may end up spending more than you make, which could lead to the demise of your business. Fortunately, there are ways to make the process of bookkeeping easier with online services.

The best way to find bookkeeping services online is to do a search with your favorite web browser. You’ll find there are hundreds, if not thousands, of bookkeeping services currently on the Internet. The next step is to choose one of them, which can take a bit of time.

Since these businesses will handle the sensitive financial matters of your business, it’s important to choose one that is reputable. Researching a company is the best way to learn whether or not it will be the best one to do your bookkeeping.

The first place to check for company information is the Better Business Bureau. This company now has listings for online businesses, which is perfect for researching bookkeeping services. It’s wise to choose a company that is listed by the BBB because of its reputation, and because you’re able to see if there are any complaints against the company. Even if there is a complaint or two, always check on what the complaint is to judge if it’s worthy of dismissing that company’s services. Many times, consumers misunderstand the circumstances that lead to the disagreement. It’s also good to read the reactions of the company to a complaint to gauge how helpful its customer service department is to its customers.

Another way to research a company is to do an extensive search of it online. Enter the company’s name into the search engine and look through the results. You’ll find many different reviews sites that may have additional information that can help you make a choice.

Scrutinize the company’s website next. The website should have an easy to use interface. In addition, check out the products available to see if there are any free trials to test them out before purchase. This can mean everything when seeking bookkeeping services because you don’t want to be stuck in a contract before you know if you like it or not.

If you have any questions about a service, do not hesitate to call them. It will be a preview to what type of support you’ll receive when you use them with your business. If you’re happy with the help they provide, it’s likely they will continue to give you the same type of usefulness ongoing.

The main benefit of online bookkeeping services is the ability to manage your business’ finances with the least amount of hassle. That means you can concentrate more on making money rather than managing it. Now that you know how to choose services, go out there on the net and find a company you can trust.

5 Ways Money Can Buy Happiness

It is better to be rich than to be poor. I dare you to argue with that. Admit it! We don’t want to be struggling financially. We want to be able to buy what we want. And for us who don’t have this luxury, we simply say, “Money can’t buy happiness”. Well, it’s come as a bit of a shock, to say the least, that research has disproved it – Money can buy happiness!

Well, statistically at least, money buys happiness. According to the Gallup World Poll research, richer countries are happier. The higher the GDP, the more “happy” its citizens are. The term on the graph is not really the word “happy”, it’s “satisfaction”, and that’s probably misleading. Nonetheless, the research has astounded many. We rode that wave and did our little research on how money can buy happiness, and here’s what we found out.

If You Use It To Achieve Your Dreams

For many, the “American Dream” is no longer as inspiring as it once was – the American dream only happens when you’re asleep. Money can change that. Money can buy opportunities. It grants happiness when it materializes what we once hoped for, or make our dreams come true. But how long that happiness will last, no one can say.

If You Have People Who Love You Not For Your Money

The gratification of wealth dries up like a leaf if there is no one to share it with.  Often we see that the wealthy enjoy their lavish possessions but have dysfunctional families, or have been divorced countless times. It’s because those people love their money so much that they forget the people around them. Money can make you happy if it doesn’t get in the way of relationships.

If You Spend It On Other People

Money rewards you with the best kind of happiness if you spend it on others. Making others happy inevitably makes you happier.  Musician Mitchell Moffit and artist Gregory Brown even says in their video that, “if you think money and happiness are exclusive, you simply aren’t spending it right.” So, whenever you spend money on other people you are not really losing anything. It simply returns to you in the form of happiness.

If you Buy Experience, Not Material Things

Research has led psychologists to declare that people who buy new experiences are happier than those who buy material things. Nowadays, there is a rapid turnover of technology. When you buy an iPhone 4S, they suddenly have an iPhone 5. There’s always a new improved version right after you buy yesterday’s latest, and it is frustrating consumers. On the other hand, people who use their income for overseas vacations, trips to the beach, or concerts are happier and have a more optimistic view in life.

Only Up To A Certain Point

Happiness that money can buy has a threshold limit. Once you reach that limit, no amount of money can make you happier. Picture this, having the top-of-the-line laptop will definitely give you the everyday pleasure of using it but having 20 of those laptops does not make you 20 times happier. There will come a time when a million dollars means as much as five.

Happiness is not only for the rich, it is equally accessible to the less fortunate. The kind of happiness that money can buy is only temporal. There is a higher form of happiness, but definitely it is not something that money can buy.

How Much Driving Information Would You Share for Lower Insurance?

There are many ways you can save on your car insurance, like using winter tires when the temperature drops or paying your premium upfront at the beginning of the year. But, would you let your insurance company track your driving habits if it meant you could qualify for additional savings?
Drivers that sign up for Usage Based Insurance (UBI) plug a device into their car that tracks acceleration, braking, distance driven and the time of day they drive, and gives that information to their insurance company. In return, drivers often get a small discount on their insurance upfront, and the possibility of a larger discount when it’s time to renew – if the data shows that they’re a safe driver.
Lower Your Auto Insurance Costs
One study asked Canadians how they feel about this type of car insurance, and the results were mixed. Six out of ten Canadians would try out UBI, if there was a chance they could pay less for their coverage. And seven out of ten Canadians thought that UBI would make them a safer driver. At the same time, respondents were worried that their driving data could be used against them to deny a claim or cancel a policy, that their information would be shared with other auto insurers, or that they would face an increase in their insurance premium. Respondents were also concerned that their driving habits wouldn’t be accurately captured.
So what’s fact and what’s fiction? Data collected from a UBI program can only be applied to determine if you qualify for a discount, not to raise your premium. The Financial Services Commission of Ontario lays out the rules that protect drivers who sign up for UBI. Under these rules, the data that your insurance company collects cannot be used to decline, cancel or increase the cost of your insurance coverage. In addition, any information collected cannot be shared with another party without your express consent. The information can only be used to set a discount, review rating criteria or detect and prevent fraud and manage claims.
UBI does make people safer drivers. One study done by the University of British Columbia looked at data from 30,000 drivers and found that many of them, especially younger people and women, improved their driving behaviour as a result. The same study showed that most drivers did qualify for a discount; however since this is a voluntary program, it is likely that only good drivers offered to participate.
Despite the upside to UBI, one expert notes that while insurance companies must follow privacy rules, they could be compelled by the courts to turn over the data they collected from your vehicle as evidence – for example, that you were driving over the speed limit at the time of an accident. And a limitation of usage-based insurance is that your provider won’t distinguish between different drivers of your car, so although bad driving won’t affect your rate, you might not be eligible for a discount if your teen driver is speeding around town.
Despite concerns over privacy, the study of Canadian attitudes showed that only nine percent of respondents would refuse UBI no matter how large the potential discount.Thirty percent of Canadians would switch if they could save between $100-$249; 26 percent would switch if they could save between $250 and $500; and 13 percent would only switch if they could save $500 or more.
The decision, ultimately, is a personal one, but UBI seems to be the future of car insurance. Experts estimate that over 140 million people will be using usage-based insurance by 2023; so how much of a discount would it take for you to join their ranks?