MONEY

When purchasing a vehicle, it is always important to question whether you can really afford it or not because if you aren’t careful, you will end up being in debt or dedicating a great portion of your paycheck to sustaining your automobile bills. Too often people rely on loans to cover the purchase of their vehicle and forget that they’re many other expenses to contend with. Before you decide on purchasing a vehicle, here a few tips that will help you look at the bigger picture.

Things to consider:

True Expenses.
Apart from the monthly car payments, there’s insurance, maintenance, gas, depreciation, taxes and repairs. Over a period of time, accumulated expenses will surpass the original cost of the vehicle and it can be very difficult to keep up with these expenses.

Do your research.
Before heading to the car dealership you should have a solid idea of the selling price for the vehicle that you wish to purchase and you should have a financial plan already established rather than rely on the dealership to offer a payment plan. (Read more…)

At some point in time almost everyone can relate to having credit card debt and not all are successful at overcoming this financial crisis. Here are some useful tips to follow.

KNOW WHICH CARD TO PAY OFF FIRST.

Begin payment on the cards that have the highest interest rates and pay the cards with the lower interest rates accordingly. This will help to reduce your balance a lot easier than if you pay them off randomly or just based on the balance. You should also try contacting your credit card company and request a reduction in your interest rate.

REFRAIN FROM USING YOUR CARDS

As soon as you realize you’re in way over your head, stop using your credit cards, even if you have ones that aren’t maxed out because the more you spend the more debt you’re incrementing on yourself.

CONSOLIDATE YOUR DEBT.

If you’re not maxed out on all of your credit cards then you can transfer your debt to one of the cards that have a low interest rate. (Read more…)

Are you having a difficult time balancing school and work. Here are 7 jobs that might work in your favor.

1.Tutoring.
This is a great way to make cash because it pays well by the hour and the hours aren’t always long, if ever. Nothing is better than knowing that your job is easy, manageable and profitable, granted you’re efficient at what you’re tutoring and the student is willing to learn.

2.Working at the Library.
The general idea is that it’s boring working in a library but this can be to your advantage because it allows you to be in an environment that will enable you to study with ease. Besides, it’s not like you’ll be the only one there that’s working. Many times because the positions at a library are inter-related you’ll end up becoming acquainted with almost everyone who works there, so you might not be bored for too long. Also, the hours are flexible and correlate with your school schedule so it will less likely interfere with your personal life.

3.Become a party promoter.
This is a great option for the extroverted party lovers who know how to draw a crowd with a flyer and a word of mouth. Though you are getting paid to have fun, it can definitely be a major distraction from your schooling so it’s always important to know how to balance the two. (Read more…)