Before you invest your money, it is important to be aware of the fees attached to your particular type of investments. Any respectable, professional advisor should be able to explain every fee in great detail. The problem is that when we invest in our retirement accounts such as a 401(k) or IRA, we often don’t think about the fees associated with each mutual fund, ETF, stock, or bond. Before you do anything with your money, the following six fees are worth asking about:
No matter why you are hiring a contractor, one thing is for sure: you are going to be spending a good amount of money. In addition to supplies, you are paying for labor. Hiring a contractor is a great idea when you’ve decided the best solution is to bring in a professional rather than do it yourself. That being said, there are hidden fees that can turn this entire process into a nightmare. Below are several hidden contractor fees that I have personally “caught” over the past few months:
What do you know about debt consolidation? If you have a lot of debt, there is a good chance that you have been thinking about consolidation and what it can do for you. Before you do anything, keep this in mind: there are both pros and cons of debt consolidation. While you may think that this is the right move for you, once you realize the potential drawbacks you may change your position. From television commercials to Internet advertisements, you have probably come across several companies that specialize in debt consolidation. The problem with these advertising spots is that they only talk about the benefits. Unfortunately, this has tricked many people into consolidation when it was not the best decision for them.
What type of personal budget software do you use? Wait! Don’t tell me you are one of those people who think they are better off without software and computers. While there is nothing wrong with using a traditional accounting method (pencil and paper), once you introduce personal budget software into your life, you will realize that you are on a better path. There was a day when I thought that personal budget software was a waste of time and money. But once I gave it a try (I use Quicken) it was east to see that I was wrong. Here are my top five reasons for using personal budget software:
Since moving into my new home several months ago it seems like I have been on the phone with contractors day after day. During this time, I have compiled many tips that have helped me not only get the best deal but also hire the right person for the job.
Here are five things you can learn from my negotiations:
There is nothing worse than buying a car, being excited for a couple of days, and then realizing that you made a huge mistake. A bad car loan can quickly sap all your energy, while also causing financial worries. Even though you may think there is no solution, there are several things you can consider. Here are five ways to get over a bad car loan:
Many people avoid creating and/or updating particular financial documents because of the stress it brings. While you may be able to get away with this for the time being, with each passing day you are taking more of a risk. Bargaineering.com has a great article about 6 Documents You Need But Hate Thinking About. This article touches on the documents that need to be complete and in place upon your death.
Below are several other personal finance posts that you don’t want to miss:
Just because you are traveling for business doesn’t mean you have to leave all the fun at home. In fact, this is a great time to combine business with pleasure. While you are out of the office visiting clients you should be looking for ways to have fun in a different city. Of course, you need to keep a close watch on your budget along the way. There is a fine line between spending money on business related expenses (and having them reimbursed), and going overboard with your own checkbook in hand. Here are several tips for combining business travel with pleasure:
Many people who are interested in visiting Europe never make the trip because of one thing: money. They think that this trip will break the bank. In turn, they never take the time to consider all their options. Believe it or not, there are many ways to travel Europe on a budget. This holds true no matter which country you are visiting from. To find cheap European travel deals, you must keep an open mind. Those who are only interested in the major cities and five star hotels are going to find out soon enough that the cost is growing out of control. Here are several tips for visiting Europe on a budget:
Are you interested in taking a cruise this summer? This is a great way to vacation by yourself, with a partner, or with your entire family. But just like any vacation you probably have one thing on your mind: money. Sure, you want to have a good time, but you can only do so if your budget is under control. Fortunately, there are many ways that you can save on a cruise both when booking and when you are finally on the ship. The following money saving tips are useful for anybody who is going to be sailing the high seas this summer: