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:
Some homeowners do not believe in calling contractors when they need help with a project. Instead, they are a do-it-yourself homeowner until the day they die. While there is nothing wrong with taking on some jobs yourself, you have to know where to draw the line. One thing is true about the majority of do it yourselfers: they are trying to save as much money as possible. Saving is a definite possibility when you do the work yourself. That being said, you may end up spending more than you would have by hiring a professional. This happens more times than most people believe. Sometimes you need to seriously consider whether you should do a project yourself or bring in the pros.
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:
Before you change cell phone providers, there are many details that you must first consider. While there is nothing wrong with doing this, remember that the grass is not always greener on the other side. You need to weigh the pros and cons of sticking with your current provider, as well as what you will get by making a change. Here are several of the most important details to consider:
1. How much will it cost to make a change? Believe it or not, there is probably a fee for canceling your current contract. You agreed to pay this fee upon signing your contract, but probably don’t remember because it was so long ago or it was in the fine print that you didn’t read.
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: