Best personal finance software of 2021

Free and paid personal finance budgeting software

The best personal finance software facilitates and manages financial planning.


Personal financial management should not involve slips and spreadsheets. You can simplify the whole process by using easy-to-use software. Software records are usually easy to store and back up to your hard drive or cloud storage service, making it hard to lose progress.

Basic financial planning software provides only a simple portal for managing your finances. However, some of the more advanced ones can help reduce debt, manage a budget, or even provide financial advice as an additional service.

Therefore, we will take a look at the best personal finance software and show you the essential features of each software so that you can better understand who is the best for you.

If you want to make your bookkeeping a little more detailed, check out our guide to the best accounting and tax software.

Quicken is an old tool for managing personal accounts. Although its reputation is based on the desktop version, it can now be run as an app on your mobile device.

Quicken offers a variety of financial reporting tools. They are defined in various fields, namely budgeting, bills, accounts and even investing. Budgeting gives you the ability to include purchases and income so you can compare the two to get a better picture of how much you spend and how much you make.

In terms of bills, you can also see which utilities and the like you pay regularly, and the amount you have to pay and how much money you have left. For accounting reasons, you can even collect your bank and credit card bills in one place so that you actually have a clear picture of how much you are paying. This comes in handy because it’s easy for people to underestimate how much a regular small purchase can add up to cost.

For investments, it also offers the ability to track it, whether it’s as part of your savings, your investment portfolio, or your 401,000 retirement plan. This means that you have a clear picture of how much your savings and investments will cost, although you don’t have to panic about short-term fluctuations in the stock market.

In general, Quicken combines your budget, banking and investment reports into a single dashboard that you can view from your desktop or even from your phone via a mobile app.

The best ways to learn how to forex trade

Forex is a portmanteau of foreign currency and exchange. If you’re forex trading, you’re simply swapping one form of currency for another and hoping to profit from the difference. If you’re hoping to join the thousands of people across the world earning a living from forex trading, you need to learn where to look for guidance. Below, we’ve detailed for different roads you can go down to become an informed (and hopefully successful) forex trader.


There’s an entire interconnected community of YouTubers advising their subscribers on how to succeed at forex trading. Their videos are great place to start when you’re grappling with complicated jargon you’ve never encountered before. Some YouTubers are purely focused on educating their viewers – breaking down tricky concepts into their simplest terms. For a pursuit so dominated by studying graphs and pre-empting trends, it makes sense to head to a visual medium where you can get everything explained to you in a straightforward manner. 

Alphachain Academy agree: 

“Forex trading can be bewilderingly obtuse at times and having someone explain their thought process alongside charts, graphs and data can really help you to grasp the fundamentals of trading.”

Forums – Reddit and Discord

For most people, forums are like the forgotten relics of the internet. A curiosity that piqued your interest when you were younger and first started getting interested in computers but you’ve since moved on to newer, shinier and more engaging ways to communicate. Reddit, however, remains one of the most popular websites on the internet. And with a sub-forum for every topic imaginable, you can quickly get in touch with like-minded individuals who’ll answer any questions you might have. It’ll allow you to keep up to date with emerging trends and trade ideas with people who are interested in the same things you are. Changes in foreign currencies are driven by political events so you’ll have to get used to consuming a steady diet of media headlines.

The same applies to Discord. You might have to do a bit of digging to find an invite to a forex trading group but you’ll usually be able to find one on social media. Some forex trading discord groups are broken down into helpful sub-categories. There might be a page for beginners and one for more experienced traders. Discussing trading methods with others can give you the confidence you need to make successful trades.


Books are dated as soon as they’re published. They might become slightly antiquated and out-of- touch if you’re opening them years after they’re released but they nevertheless contain useful kernels of truth. If you’re looking for an in-depth guide to everything you could need to know about forex trading from a true expert that is peer-reviewed, finding a book on it is the way to go.

YouTube, internet forums and books are just three of many ways you can get to grips with the fundamentals of forex trading. Any time spent learning about the topic is an investment in your future. It’ll give you a foothold in the world of forex trading and give you a head start on your journey to becoming a profitable trader. Without this foundational understanding, you run the risk of jeopardising your savings and losing out.

Shop Smarter When You Shop Online

Ecommerce and online shopping have become inevitable in today’s world. Especially with the global pandemic situation, online shopping is a lot more convenient, safer and smarter. Here are a few tips that will help you be thrifty and save some money while shopping online:

  1. Sign in and use the ‘cart’

Whenever you create an account on an e-commerce platform, you have the option of adding items to your ‘cart.’ But when you do so, do not rush into purchasing the item immediately after adding it to your cart. Instead, wait for some time. There are chances that the price of your product might change and fall. If the item is in your cart, you will get notified about the price change. 

  1. Hunt for promo codes

A lot of websites conduct affiliate promo programs for their products. Before purchasing any product from a particular website, try to look for promo codes for that website. There are also many coupon code-related websites like,, which will showcase the latest deals on any eCommerce platform. Make sure you check these before confirming your product purchase. 

  1. Search ‘As Is’ for returned items

Warehouse deals on (and many other websites) give users the option of purchasing previously returned items at a deep discount, sometimes even 50%-60%. You can check why the item has been discounted – like a missing button, a loose stitch, or sometimes just an opened box. If you think you can fix these, then it will give you a fantastic bargain price.

  1. Use a personal line of credit for big purchases 

When you wish to purchase home appliances like TVs, refrigerators, air conditioners, etc., the cost is steep. You can choose to opt for a personal line of credit in place or personal loans with a quick credit approval system instead of using up your savings for these expenses. 

  1. Sign up for loyalty clubs and redeem for discounts 

Apart from tracking your history, your customer account on any e-commerce store can also help you get discounts through a loyalty program. If you use the same account to make purchases each time, you will accumulate those loyalty points in a single account and use them in the future for bigger discounts.

  1. Outsmart the dynamic pricing model

Dynamic pricing is a pricing strategy used by eCommerce retailers to offer custom pricing to customers depending on their ability and willingness to spend. You may have seen that an airfare price that you check on one day rises significantly when you check it the very next day. Because the e-commerce supplier’s website tracks your site searches and as and when you show higher interest, the rates also become higher.

Here are some ways you can outsmart this model:

  • Clear your browsing history
  • Clear all your cookies
  • Log out of all the social media accounts that you are using on that device 
  • Use incognito mode while browsing to ensure that the eCommerce website is not tracking you
  1. The off-season is a smart decision

Whenever a particular product is in the off-season, you should buy that product if you feel you will need it when the season arrives. This is because it is usually sold at discounted prices during that period. For example, you are purchasing an umbrella during the winter season. 

  1. Skip shipping costs like a pro

You can avoid shipping costs on your product by:

  • Looking at the retailer’s shipping policy and searching for an option of the minimum purchase value for free shipping
  • You choose to pick-up at the store before checking out from the online store if that eliminates your shipping cost.
  1. Compare prices of different retailers

Sometimes, certain eCommerce retailers have lower prices for the same product as compared to others. Be sure to check and compare them all and get the best deal for your product.

  1. 10.Use the different account for 1st order advantage 

A lot of websites and eCommerce retailers often have introductory discounts for their new customers. You can create a new account to make the best use of this benefit. 

Author Bio:


Lily Tran is a content writer, working for MoneyTap Vietnam. She is an expert in the field of Finance. Her passion for credit, debt, loan & investment drives her to help readers get an insight about everyday finance.

3 Ways That A Branding Agency Can Transform Your Business

Having a strong sense of brand is vital for any business, yet still so many companies aren’t prioritising it. Investing money into a branding agency has the ability to completely transform your business in a way that you never could. Here are three different ways that a branding agency could transform your business and return your investment 10 fold!

  1. Web Design

Websites are more important than ever in this digital era, so you must have one that works effectively and also catches your eye. If you have an engaging website, users are likely to stay on there longer which can increase the likelihood of them making a purchase or enquiry. 

Branding agencies know not only how to make your website look good, but they can also make it functional for the target audience in your industry. Your brand’s identity will shine through the website and it will also keep your users interested. In the competitive world of e-commerce, one of the most important things you can do is invest in a website that is extremely well branded.

  1. Packaging

Packaging is clearly essential for any product, as consumers will make an immediate judgement when they see it. Spending money working with a branding agency might seem expensive, but you certainly won’t regret it when your products are flying off the shelves. To be a success, you will need to create timeless branding that will be recognisable for decades to come. If you think about the success of major companies like Heinz, Coca Cola or Cadbury’s, their core branding is timeless.

Not only will a branding agency help with the initial design, but also consistency across your range of products or platforms. Showing that you have a strong and consistent brand is what draws people in, so even the smallest flaw could have a big impact. You need to have professional, instantly recognisable packaging to compete in such a saturated marketplace. 

  1. Social Media

Most businesses should be on social media by now, but many believe that it is simple to create your own content and stay on brand. Whilst in some cases this is true, if you want your business to succeed, you should consider working with a branding agency to accurately communicate your brand through social platforms. 

With so much choice available on social media, people will simply unfollow you if they aren’t interested in what you have to say. Aside from making your social media look amazing, which they will of course do, branding agencies can also develop content that they know your followers will find interesting and valuable. This is the key to success on social media. 

Final Thoughts

Without a strong and recognisable brand across products and platforms, it will be hard for your business to compete. Not only do you want to make an impression on your potential customers but you also need to clearly indicate what your business is. 

Working with a brand strategy agency will enable you to distinguish yourself from competitors and communicate clear and accurate messages to your audience. Give yourself authority in your industry and elevate your credibility with some fantastic branding!

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Cash refusal “creeps into the British economy”

Refusal to accept cash is “creeping into the UK economy,” the expert said after a study found that the coronavirus had accelerated the transition to a cashless society.
What user groups? 34% of people say they haven’t even been able to pay with cash since March when they tried to buy something.
Grocery stores, pubs and restaurants were the most likely to experience a decline.
Natalie Keene, who wrote a report on the matter, urged ministers to act.
“The numbers show that the odd cafe is not only becoming cashless, it’s creeping into the broader economy,” said Ms. Ceeney, who wrote Access to Cash Review.
“We can’t blame individual companies – many are losing money because they can’t just take cash because their local offices are closed or some distance away. The government needs to pass laws immediately to protect the viability of that money.” As I promised years. then. Time is running out. “
Goodbye ATM. How local shops provide access to cash
Coronavirus “Will Accelerate Money Reduction”
WHO? Lack of access to money is a problem for those who depend on banknotes and coins – for example for people with certain health problems or without access to a computer.

Jenny Ross, which one? One money editor said, “We have repeatedly warned of the impact of the coronavirus on an already fragile monetary system, but the government or regulators have not taken sufficient action to understand the scale of the problem.”
The Treasury Department advises giving city regulators, the Financial Conduct Authority, control over access to money in the future, and advocates the idea of ​​returning money to the store without you having to buy anything.
David Fagleman, director of financial advisory firm Enryo, said, “Our own research shows that despite the decline in daily grocery use, nearly three-quarters of people believe the transition to a cashless society is too fast and some people are at risk of staying behind. especially vulnerable from behind. “”

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Simple Ways To Save Money and The Planet With Sustainable Products

Sustainability has become a big buzz word in the consumer world over the last few years, and rightly so. Sustainable products are created in order to serve a purpose whilst also minimising damage to the environment. Due to this, they are usually reusable, meaning from a consumers perspective you will need to buy products less often and therefore, save money. This is a fantastic way for environmentally conscious people to do their bit for the planet whilst also saving themselves money. Let’s walk through some simple swaps you can make throughout different areas of the house. 


  • Shampoo, Conditioner and Soap Bars – this plastic free alternative to heavily packaged products will reduce plastic consumption considerably. Organic bars contain far more natural ingredients that are much better for your skin and the environment. You will also find you are purchasing these products far less often than you would normal bottles of product as they last far longer. 
  • Reusable Cotton Pads – rather than throwing away single use cotton pads, you can purchase reusable and washable pads which last for years and years. You can either hand wash them or put them into the washing machine on a normal wash. Prepare to save plenty of money as you will no longer have to replace your cotton pads after the initial investment. 
  • Bamboo Toothbrushes – switching to bamboo toothbrushes will ensure that the amount of pollution and waste going into our oceans is reduced. When the time comes to change your toothbrush, the bamboo material is completely biodegradable. 
  • Reusable Sanitary Products – the amount of plastic in any disposable sanitary product is unbelievable. Significant amounts of waste is produced over the course of a year from just one person’s period. Luckily, there are eco-friendly alternatives available. You can use sanitary cups or washable underwear which can both simply be washed and used over and over again for years on end. 


  • Coffee Cups – 166 billion paper coffee cups are used each year which are responsible for 6.5 million trees being cut down and 4 billion gallons of water being used. Most coffee shops will happily accept reusable cups, so take your own cup and ask them to fill it with your favourite drink. Many coffee shops are now introducing initiatives to encourage customers to bring their own reusable cup so it is definitely worth doing. 
  • Water Bottles – similarly to single use coffee cups, plastic water bottles are responsible for a horrific amount of waste each year. So, make sure to always carry your own reusable bottle. Making a habit of taking it out with you will reduce your environmental impact and also save you significant amounts of money when you aren’t buying a bottle of water everyday. 
  • Beeswax Wrap – cling film and plastic sandwich bags are other single use items that can easily be avoided. Beeswax wrap is a reusable alternative that can easily be shaped around any product as the warmth of your hands gently moulds the wrap to keep it in place. You could wrap sandwiches or easily cover food packets. Again, these wraps will last for years and are mostly biodegradable and compostable.


  • Baby Washcloths – as a parent, you are likely to use countless amounts of wipes each day for all sorts of things that will go straight in the bin. Although you can get biodegradable wipes which would be useful for when you’re out and about, try to use reusable baby washcloths when you are in the house. You can use them to clean up after meal times, crafts or they can be used in the bath. They can either be quickly rinsed or washed properly in the washing machine. You will save huge amounts of money on wipes whilst also helping the environment. 
  • Bamboo Nappies – using reusable and washable nappies would be ideal but it is completely understandable if this isn’t possible or practical for families. So, you can get biodegradable nappies which are far more gentle than normal nappies and they are also completely biodegradable, making them much more friendly for the planet. 
  • Coverall Bibs – a simple way you can save yourself time and money is to invest in coverall bibs. Rather than changing your baby’s outfit after meal times, you can simply pop on the coverall bib which will cover all of your child’s body and arms. You can then slip it off after meal time or crafts, give it a wipe and it is ready to use again. In the long-run you will save a lot of money on energy as you won’t need to do anywhere near as much washing! 
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Investments to Consider Post-COVID-19

As you’ve no doubt heard (and begun to get excited about), life may once again be ordinary at some point in 2021. Evening Express quoted a vaccine expert, in fact, suggesting that by the second half of next year, we’ll have “normal life” once again. That’s going to mean a lot of wonderful things for millions of people all over the world. But it’s also going to mean that economies will begin to pick up again.

That specific aspect of the return to normal will also have a positive impact on millions worldwide. But how will it affect investment markets?

This is a difficult question to answer, because some aspects of the economic impact will likely outlast the virus itself. Even as world economies begin to pick up, consumer activity won’t rebound all at once, and some industries will prove to have been more permanently damaged. Additionally, once the virus is under control, we’ll remember all the other problems we have. In the UK, for instance, Brexit is already looming over the COVID recovery.

Basically, there will still be some economic uncertainty even as we move past COVID-19. That could make 2021 a more difficult year for investors than some have begun to anticipate in light of the vaccines. With that said however, there are some areas we would suggest investors keep a close eye on during this unpredictable time.

Markets That Thrived Mid-Pandemic

Not so long ago we identified ‘Profitable Investments to Make During a Pandemic’ with specific regard to a few areas that have thrived during COVID-19. Despite the narrative that businesses across all industries have suffered (and to be sure, many have), there have been some types of businesses that were well positioned to gain value as a result of the pandemic. We pointed to e-commerce stocks and real estate as a few examples of areas that actually saw growth during COVID. Others would include edtech stocks, certain medical and research company stocks, precious commodities like gold, and even cryptocurrency.

Not all of these markets and assets will necessarily continue to thrive post-pandemic. But many might. Conditions will not change overnight, and some of the societal adaptations we’ve seen may well linger into the future in support of these markets. For instance, many expect that consumers will continue to prioritize online shopping, and that education will remain at least partially remote — thus supporting ongoing strength in ecommerce and edtech.

Forex Exchange

Forex exchange is a different market altogether from your typical stock exchange, and so can make for a little bit more of an adjustment for those not used to trading currency. Nevertheless, FXCM’s explainer on opening a forex account shows that it’s a fairly simple market to get into. Those interested can fill out simple applications at reputable online platforms, choose usernames, open up accounts, and start trading.

As to why this might be a good strategy in the aftermath of COVID-19, it comes down to activity. Money is made in forex not necessarily because a given currency skyrockets in value, but rather because traders take advantage of enough small shifts and movements to grow net gains. And with different countries and economic systems set to rebuild at different rates after the pandemic, it’s possible that we’ll see greater variation in currency values than usual. A more active and varied market essentially means that there are more value discrepancies between currencies to take advantage of — and thus more money to be made trading one against the other.

Green Ventures

Maybe most interesting of all is the idea that green energy companies and other companies relating to long-term sustainability will perform well in the post-COVID months and years. While not directly related to the virus in most cases, companies like these are expected to be part of a recovery effort that seeks not only to come back from the virus, but to use 2021 as a reset, and better society as a whole.

World Economic Forum’s piece on emerging market investment in the aftermath of COVID-19 referred to this as the idea of “building back green.” The piece stated that “in considering economic vitality” following the pandemic, “governments across the globe have touted green and digital as key policy priorities.” This may not mean a full, rapid transition toward green energy. But it is an indication of where the investments are going, and of one more market that is likely to thrive next year and beyond. Green energy’s time may finally have arrived.

None of these tips represent sure things, and you should of course assess the markets carefully before making any investment. For those wondering about post-COVID opportunities though, these are some to watch very closely.

75 Personal Finance Rules That Apply To Everyone

A “ground rule” is a mental acronym. This is a heuristic. It’s not always true, but it’s usually true. It saves your time and brainpower. Rather than reinventing the wheel for every financial problem, personal finance rules allow you to apply past wisdom to find quick solutions.

Today I’m going to make my best impression of Buzzfeed and provide you with a list of 75 ground rules for personal finance. Some are effective tip packs while others are math shortcuts to save brain space. Bet you will learn a thing or two from this list quickly.

These basic rules of personal finance apply to everyone. They are simple and universal.

  1. The order of operations
  2. Insurance protects wealth. It doesn’t build wealth.
  3. Cash for both operational expenses and emergencies, nothing more. Saving too much money means losing value in the long run.
  4. Time is money. Wealth is a measure of how long your money can be bought.
  5. Set specific financial goals. Specific number, specific date.
  6. Monitor your credit rating. Accommodation at least once a year.
  7. Conversion of wages into salaries: 1 USD / hour = 2000 USD / year.
  8. Don’t mess with town hall. Don’t cheat on your taxes.
  9. You can buy anything. You can’t afford all of them.
  10. Money saved is money earned. If you look at the bottom line, saving a dollar has the same effect as making dollars. Saving and earning are equally important.


I like budgeting, but not everyone is as busy as me. However, if you are (or may not be) looking for a budget, these basic budgeting rules must be followed.

  1. You need a budget. The key to managing your financial life is to create a budget and stick to it. This is the first step in making a financial decision.
  2. 50-30-20 budgeting rules. After taxes, 50% of your money must meet your needs, 30% to meet your needs, and 20% to pay off debts or invest.
  3. Use the “sink tool” to save for a rainy day. They know it will rain eventually.
  4. Don’t confuse savings and checks. One saves, the other spends.
  5. Children cost about $ 10,000 per child per year. Family planning = financial planning.
  6. Spend less than you should receive. You can say “yes”. However, if you don’t measure your expenses (eg on a budget), are you sure you follow this rule?

Invest and Retire

In my opinion, the main “what you need to know” investment is for future financial success. The following basic rules will help you dip your fingers in this water.

  1. Don’t pick stocks. Instead, choose index funds. Very easy, very effective.
  2. People who invest full time are smarter than you. You can’t hit it.
  3. Rule of 72 (approved by doctors). The annual growth rate of the investment multiplied by the time of doubling is (approximately) 72. A 4% investment will double in 18 years (4 * 18 = 72). The 12% investment will double in 6 years (12 * 6 = 72).
  4. “Don’t do anything, just sit down.” -Jack Bogle how bad it is to worry about your investment and respond to the emotion.
  1. Bring matches to the employer. If your employer has a pension plan (e.g. 401,000, annuities) make sure you get as much free money as possible.
  2. Balance your investment before and after taxes. It’s hard to know what the tax rate will be when you retire. So if you balance your pre-tax and after-tax investments, your account will be balanced later too.
  3. Reducing costs. Investing in cost and expense ratios can cost you your profits. Keep these costs as low as possible.
  4. Don’t touch your retirement benefits. You may be tempted to dive into long-term savings for important current needs. But counter that desire. You will be thanked later.
  5. Realignments should be part of your investment plan. A portfolio that is starting to diversify can be the focus, with some assets performing well and others performing poorly. Rebalancing helps you calm diversification and reduce risk.
  6. The 4% pension rule. Save enough money for retirement so that your first year of spending is 4% (or less) of your entire hive.
  7. Save first for your retirement, the second for your child’s school. Retirees do not receive any scholarships.
  8. $ 1 invested in today’s stock = $ 10 for 30 years.
  9. Inflation is around 3% a year. If you want to be conservative, use 3.5% in your math.
  10. Shares earn 7% a year, adjusted for inflation.
  1. Are your age in bondage. Or have 120 minus your age in bonds. The heuristics, 30 year olds must have a wallet with 30% bonds, 40 years bonds with 40%, and so on. Recently, the “120 minus your age” rule has become more common. A 30 year old child must have a 10% bond, a 20% bond 40 year old, etc.
  2. Don’t invest in the unknown. Or, as Warren Buffett suggests, “Invest in what you know.”

Home and car

For many of you, home and car ownership add to your daily finances. The following basic rules for personal finance will be of great use to you.

  1. The sticker price on your home should be less than three times the total income of your family. Being “home poor” – or owning a house that is too expensive for your income – is one of the most common financial threats. Avoid it if you can.
  2. Faulty device? Replace it if 1) the device is over 8 years old or 2) it costs more than half the cost of repairing a new device.
  3. Used or new car? The price difference is no longer the same as it used to be. The options are the same.
  4. The total lifetime value of a car is approximately three times the price of a sticker. Choose wisely!
  5. The 20-4-10 rule for buying a vehicle. Enter 20% of the vehicle in cash with a loan for 4 years or less and a monthly payment that is less than 10% of your monthly income.
  6. Refinancing a mortgage makes sense once your interest rate drops 1% (or more) of your current interest rate.
  7. Don’t pay your mortgage up front (unless your other base is fully covered). Mortgage interest is deductible and current interest rates are low. While paying your mortgage up front can save you a bit of interest, it may be better to use it to earn some extra cash.
  8. Set aside 1% of the value of your home for future maintenance and repairs each year.
  1. The average car costs about 50 cents per mile over its lifetime.
  2. The interest payment on a depreciable asset (such as a car) loses twice.
  3. Your primary residence is not an investment. You don’t have to plan to live in your house forever and sell it for a profit. The logic didn’t work.
  4. Pay for the car in cash if you can. Paying car interest is a waste of time.
  5. When buying napkin tops, follow the 70% rule to choose a property worthy of.
  6. ​​When buying rental property, the 1% rule is an easy way to judge whether you are getting positive cash flow.

Expenses and debts
Spend money (“What’s up?”). Then this personal finance rule applies to you.

  1. Pay off your credit card every month.
  2. I am indebted to use psychology to help yourself. Consider a debt snowball or debt avalanche.
  3. When buying, think about the cost of use.
  4. Make your expenses tangible with the “money diet”.
  1. Never pay the full price. Shop and do your research for the best deals. You can earn money by shopping online, win discounts with coupon codes or coupons for free shipping.
  2. The buying experience makes you happier than buying things.
  3. Shop by yourself. Peer pressure increases costs.
  4. Shop with a list and stick with it. These stores are designed to lure you into making an unexpected purchase.
  5. Spend on who you are, not what you want to be. I love to cook, but I can’t justify $ 1,000 worth of professional kitchen equipment.
  6. The bigger the purchase, the more time it will get. Organic versus regular peanut butter? Don’t take 10 minutes to think about it. $ 100,000 for a time share? Don’t pull the trigger when you are three daisies high.
  7. Use less than 30% of the credit available. The use of credit plays an important role in your credit score. Increasing your credit continuously will hurt your credit rating. Try to keep your usage low (preferably paying monthly).
  8. Unexpected wind? Use 5% or less for self-medication, but use the rest wisely (for example, invest in later).
  9. Try to keep your student loans below the annual salary in your area.

The mental side of personal finance
In the end, you are what you do. Psychology and behavior play an important role in personal finance. That’s why this code of conduct is so important.

  1. Think about taking breaks. Mortgage payments aren’t always an optimal use of the extra cash. But the serenity that comes with debt relief is immense.
  1. Accumulation of small habits that have a big impact. It feels like a baby step now, but take your time.
  2. Give your brain time. Humans can rule the animal kingdom, but that doesn’t mean we’re not impulsive. Give your brain time to think before making important financial decisions.
  3. The 30 day rule. Please wait 30 days before making a “Dollar” purchase. After waiting, if you still want it and can afford it, then buy it.
  4. Pay first. Collect money (in a savings or investment account) before you have a chance to spend it.
  5. Don’t fall into the double income trap as a family. If you can, try to maintain your lifestyle on a single income. If one partner loses his job, the family finances remain stable.
  6. Every dollar counts. The money can be exchanged. There are many ways to increase your source of income.
  7. Enjoy what you have before buying new things. Think about the performance curve.
  8. Negotiating your salary can be one of the most important financial steps you will take. Increasing your income is perhaps more important than anything else on this list.
  9. Direct deposit is the boost you need. If you don’t see your check, you are unlikely to issue it.
  10. Don’t let comparisons steal your excitement. Instead, use comparisons to help set goals. (Net value).
  11. Learn to win. Education has a five times greater effect on profitability than any other group in the population.
  12. If you don’t pay cash, you don’t pay on credit. Withdrawing a credit card is as easy as handing over a stack of money. Don’t let your brain fool you.
  13. Prepare a running bucket. Water flowing from below has the same consequences as water that goes up. We often overlook financial leaks (costs, for example) because they aren’t all that glamorous – but they shouldn’t be.
  14. Forget Jones. Use comparisons to motivate healthier habits, not useless expenses.
  15. Talk about money! I know you hate it sometimes (like politics or religion), but there is a lot you can learn from talking to your co-workers about money.
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Naughty or fun?

Santa Claus needs to know which kids are good and which are bad this year, but he may need a boost when it comes to financial services. In the spirit of the season, PA is helping the man in the red suit (and hopefully a matching mask) and making a list of people in the industry who we think make a good list – and those who might not. very happy …

Will the socks be full of hand sanitizer for those who are well behaved? Or a fine sock for those who didn’t play by the rules this year? (To be fair, there are so many rules and so many changes to the rules this year that it’s hard to say you followed them all, right?)

As a minor disclaimer of this article, it should be noted that this list is opinion based and certainly not exhaustive. It’s just festive fun, PA (socks) filler mix if you will.

This is unavoidable and while it may not be possible for it to be completely unfulfilled, it is unlikely that the demands will stop. Though things are getting a little silly now.

In the last month alone, FSCS applied for an additional £ 92 million for the current financial year. The system says the additional taxes are due to increased support payments to clients and requests for pension advice as more companies go bankrupt.

Around £ 8 million will come from the Real Estate and Investments brokerage class, which also includes financial advisors.

Liz Field, PIMFA’s executive director, said the recent FSCS hike “further underscores the urgent need to control these costs.”

For now, however, the advisers can’t forget it, they can’t get under it – they just have to get through it.

Fraudster with retirement

As if the entire global pandemic, ever-rising death toll, and a crippling economy weren’t bad enough, retirement fraudsters think they’ll take advantage of the situation to steal more money from desperate people this year.

Let’s put that in context: since July this year, more than £ 30 million have been lost to pension fraudsters due to complaints with fraudulent acts since 2017, according to the Financial Conduct Authority and the Pensions Commissioner.

In October, Action Fraud announced that between March 24 and September 25 this year it received a total of 166 reports of pension fraud – also known as the “Peak” hold. XPS also reported that its pension fraud alert index has hit a record “red flag” for suspected remittances.

Hopefully the government’s steps regulated in the Pension Bill can help stop the tide. This and initiatives from regulators and fraud with steps that are at the forefront of the fight.

Nigel (and his girlfriend)

Lastly, a special mention on the rogue list refers to “Nigel”, who tends to forget in conversations with his own advisors on WhatsApp.

As PA reported in early November, an IFA woman was shocked after receiving a WhatsApp message from a customer (Nigel) and her boyfriend (possibly) in the early hours of the morning.

The board member, who chose not to be named, said he first received a message from his client in the early hours of 12:45 a.m. Sunday and asked, “Who is that?” Oh, baby, nig.

About ten minutes later, nearly 1 a.m., the counselor receives a message from an unknown number believed to be a friend of the client and asks, “Can you tell me how you got to know Nigel?”

It wasn’t until the next morning that the counselor read these messages and replied to both. He said he had been advising Nigel over the past week by assisting him with the ISA junior investigation. The friend replied, “Sorry, no problem,” but Nigel seemed to ignore the message.

How rude he is. Here here.

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How to cut energy bills at home for Christmas

From switching to LED Christmas lights to turning off radiators in an unused room, Michael Foot at Quote Goat offers some of the best tips on saving energy for the holiday season

According to government approval, the “three household bubble” could last five days over Christmas and many people were prepared to receive family and friends.
In some cases, they do this for the first time during the year – which comes with charges for gas and electricity.
While it’s easy to absorb the joys of getting together to safely celebrate the holiday season together, keeping track of your energy bills for Christmas could save you important money that you could invest elsewhere in 2021.
Here are three tips on how to keep your account manageable this Christmas without sacrificing fun and celebration.
Prices of Christmas lights

As a hallmark of lively entertainment, Christmas lights are often the first sign that we are ready to celebrate.
As many households choose to have it turned on in late November or early December this can result in about a month of extra energy use.
If you take the time to search for and find lighting that’s more energy efficient, you can still show off your holiday excitement while lowering your bill.
LED bulbs can be at least 75% more energy efficient than traditional bulbs, saving you tons of money without losing how long you leave them on.
If you want something more manageable, consider investing in smart lighting for your Christmas decorations.
Choosing Christmas lights that turn on and off automatically at certain times will reduce the extra cost of forgetting to turn off the lights.
Understand your warm up

As you spend more time at home throughout the year, many households see their energy bills go up considerably.
However, the fee will only increase when time runs out and family and friends can party between 23 and 27 December.
For your heating system, there are a few quick and easy steps you can take to learn how your home works and reduce your consumption.
For example, if you know how long it will take your house to cool down, you may be able to turn off the heater sooner than you think.
Knowing how fast your house is heating up, you may be able to use less radiators if there are enough in the next room.
Learning how your home uses heat can greatly reduce the cost of your bills over time.
If you’re expecting more people, you can prepare hot water bottles to give them an instant warm boost without turning on the heater.
Or, you can tactically choose which radiator works best when everyone’s partying together.
Consider switching

Many would not think about how changing energy providers could drastically reduce costs.
Once you’ve made sure that you don’t charge a check-out fee before your contract expires, or it costs less than you might have saved, you can take advantage of the comparison website to see how much the new provider can give you. Save.
Once you’ve decided to switch, you will need to take some time to determine how much you will need for the month on average compared to what you are paying with your current provider.
You will often find many vendors offering new customer deals that can save you a lot of what you would have saved by switching anyway.
Once you’ve found a cheaper deal, calculate how much you will save and check how much it will cost to leave your current contract. It’s a good idea to let your vendor know you want to go and see what you might be tempted to do.
This often happens when they make a better deal to keep you as a customer.
Change habits

For many people, Christmas is not only a happy time, it can be financially terrifying too. Therefore, it is always a good idea to estimate your expenses before the holiday season starts.
Changing your current habits and adjusting your expenses is a quick and easy way to celebrate normally while saving money towards 2021.

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