How To Save Money On Pet Expenses

Owning a pet is an amazing experience. You have a best friend right there living with you, after all! But between all of the fun and games, the costs of owning your very own companion can be a lot higher than people may realise initially. From food and bedding, to unexpected vet bills, covering the payout might not be within a lot of people’s budgets. However, while you could opt for payday loans in the case of a financial emergency, saving money on your pet expenses is easier than you think. Here’s how:

Buy Food In Bulk

When it comes to feeding your pet, this can often be one of the biggest, but will also be the longest-running cost you’ll face with owning a pet. Bigger packets of food tend to be more cost-effective, and with that in mind, buying in bulk can be the best way to save money altogether. However, it’s important to bear in mind that while cheaper brands could be tempting because of the low price tag, they could also end up being worse for your pet’s health, which of course leads to unexpected vet bills (more on that later!) All in all, shopping around and being prepared to buy in bulk could save you hundreds over your pet’s lifespan.

Get Pet Insurance

Pet insurance is both the best, and one of the most costly things you’ll buy for your pet. While it can seem costly when you’re paying it out every month, the money that you’ll save by having that insurance if something goes wrong is well worth the monthly payments, trust us. Whether your pet falls ill, is injured or needs any kind of treatments. Most insurance policies will even include cover if your pet injures or is accused of injuring a third party, and sometimes even the cost of putting out ‘lost’ posters.

Buy Any Medication Online

If your pet does end up needing medication, buying this online could save you an amazing amount of money. Some sites will need a prescription in order for you to buy, but if you can pick this up from your vet (remember that pet insurance we mentioned?) then you can buy the medication a lot cheaper without compromising the health of your pet. Common supermarket medications can also be found cheaper online, so it’s worth checking it out any time you need flea treatments!

Buy Toys Or Bedding From Charity/Thrift Shops

The temptation to buy expensive toys for your pet is going to be one you find hard to resist, but it’s perfectly okay to pick up toys and bedding from charity or thrift shops when you come across them. Your pet isn’t going to be fussy, so neither should you! Charity shops in particular won’t sell anything that isn’t of a good enough quality so don’t hesitate to pick up anything second hand!

When it comes to caring for your pet, ensuring that it’s well-looked after is a must, but we understand that finding the costs in which do this isn’t always as simple as it seems. Using our money-saving tips, you can easily budget effectively without reducing the quality of your pets life!

 

What Should a Millennial Spend on Rent

Rents have been steadily increasing throughout the United States over the past decade.  Ever since the financial crisis, people have somewhat shied away from home ownership and opted to rent.  With the demand for rentals on the rise, a sharp increase in monthly rents has been a clear side effect.  The old rule of thumb used to be 30% of one’s income should be spent on rent; however, we are now seeing a burden like never before.  What should a millennial spend on rent?  The simple answer is as little as possible.Image result for what should a millennial spend on rent

Millennial’s are those born from the late 1980’s to the early 2000’s depending on who you ask.  These individuals tend to have a high burden of student loan debt, which makes it all the more concerning that they are spending high amounts on their monthly rent.  A recent report came out showing that millennial’s will spend close to six figures, yes, $100,000 on rent before they turn 30.  That is a staggering amount considering that most are also in the process of trying to pay off student loan debt.

3 WAYS TO NOT SPEND 6 FIGURES ON RENT BEFORE 30

  1. Get a roommate.  Sharing a two bedroom with a friend is a simple and easy way to save money every month.  Sure two bedrooms cost more than a one bedroom, but when you split it two ways, it comes out to about a 30% savings versus living on your own.  This isn’t a long term solution, but it is a good way to free up additional income every month.
  2. Move in with a significant other.  While some will shy away from this advice, there are many benefits to doing so.  I knew a couple who had to live apart until the day they were married for various reasons.  They chose to do this in order to respect the wishes of others.  However, they were basically spending an extra $1000 a month on an additional apartment that got little to no use, all to please a few.  They could have used that money to build up an emergency fund or increase their down payment on a future house.
  3. Buy a house.  While buying a house requires more responsibility and obligations than renting, it is also a good choice to lower your monthly expenses and build equity.  For example, a $200,000 loan on a property with 20% down will give someone a monthly payment of approximately $1250 a month.  Depending on the area of the country you live in, it will almost certainly be cheaper than paying someone else to rent.

CONCLUSION

While some see a benefit to renting, there are also many drawbacks financially.  Although we can’t exactly put into numbers what should a millennial spend on rent, there are ways to reduce your monthly expenses.  Whether you are able to implement one of the solutions above into your situation or not, living costs will be your largest expense every month.

Budget Smart, Invest Wise

 

The 3 Types of Loans You Are Likely To Encounter in Your Life

In most cases, most people in the United States will have to take on at least one kind of loan in their lifetime. Whether it be a car loan for your first car as an adult, a mortgage for your exciting first home purchase or some loans to help you further your education; loans are a necessity for most of us.

This article will take a closer look at each of the three most common types of loans, and provide some more information about them as well as some tips on utilizing them correctly. These loans can be great, but can also cause you a lot of trouble and heartache if they are not paid back on time, or at all.

Before even looking any closer at these loans, be sure to only take out loans that you can afford to pay back. If you take out a loan with payments that you simply cannot afford every month, you could find yourself drowning in debt and living in a constant state of stress as a result, so be sure to have a budget and stay within it.

Vehicle Loan

Unless you have thousands of dollars of cash on hand to purchase a vehicle, you will need to get a car loan. These loans can be provided by banks, local lenders, and even online lenders are throwing their hats into the mix.

These come in all different shapes and sizes, and are generally easy to get as long as you have an income and are living within your means. Whether you want to pay a certain amount every week, or just make loan payments once a month, there are options for you. Of course, there are more options (and cheaper rates) if you have a good credit score, but there are a ton of options for those with a “less than perfect” financial history.

These vehicle loans can be unsecured or secured, and the interest rates and other terms will often vary depending on if they are secured or unsecured. However, in addition to loan payments, you also need to think about the other costs of owning a vehicle, such as maintenance, insurance, gas and more.

Home Loan/Mortgage

Purchasing a house is a big choice and you have a lot to decide on including where you want to live, what size of a house to buy, which neighborhood to live in, and more. However, another choice you need to be sure to make is which type of mortgage you will get.

We all know that mortgages differ in terms of rate, term and length, but what you might not have known is that there are actually different categories of loans, too. On one hand, there are conventional loans, and on the other, there are government loans.

Conventional loans often require a downpayment and are less flexible, but generally have cheaper mortgage insurance, whereas government home loans (such as a USDA home loan) often require no or a low down payment, are very flexible, but generally have higher mortgage insurance premiums.

Student Loan

While scholarships can help certains students, others rely almost exclusively on student loans to get the chance to further their education.  They can normally be used for tuition, food, rent, computer, transportation and other student expenses.

Like other kinds of loans, there are different types of student loans. There are federal loans (both subsidized and unsubsidized) and private loans. Federal loans are generally better and cheaper if you can qualify for them, but if not, private loans are an option.

However, you need to be careful with these loans. Americans owe more than $1 Trillion in student loan debt, spread out over 40 million people. These are staggering numbers that just show how many people utilize these loans. To ensure you aren’t contributing a lot to that statistic, be sure to pay off your student loans as soon as you are able, as some people end up stuck paying off these loans decades after they graduate.

 

3 Examples That Show Sign-Up Bonuses Are Everything

Source: Pexels

When it comes to registering with companies, whether they be banks, retailers or something in the leisure industry, it can often feel like they’re doing you a favour by allowing you to be part of their world. Well, we don’t think this should be the case as it is the consumers that keep any company alive! This is why some industries have introduced sign-up bonuses, to reward people willing to come and give them the time of day. Plus, as more companies begin to realise the importance of patrons, we’re getting better sign up deals than ever. Today, we thought we’d take a look at a few examples of sign-up bonuses in different industries to show you how much you can benefit.

1. Credit Cards

Source: Pexels

First and foremost, we have to talk about credit cards. We all know there are quite a few different opinions when it comes to these nifty little tools, with some believing that they can lead to mass amounts of debt and others viewing them as credit score saviours. As long as you are responsible with your personal finances and know that you are reliable enough to pay your loan back every month, credit cards are without a doubt a great, useful tool. 

Of course, there are so many to choose from that it can be difficult to pick a specific card, and we all know you don’t want dozens of credit cards on the go at once. One way you can narrow down which credit card is best for you is to look at the sign-up bonuses each bank and company offers. If you have an impeccable credit score then you could be approved for some incredible sign-up bonuses that can range from $50 to $250, if not even more. That said, standard cards often come with their own welcome packages, so it is definitely worth comparing before committing. 

2. Bank Accounts

Like credit cards, debit cards and savings accounts often come with sign-up bonuses as well. Plus, while credit cards are a luxury, everyone needs at least a debit account to get through everyday life – especially if you need to build your credit rating to get a credit card at all. Fortunately, almost every bank offers bonuses on at least one kind of account as they want as many people as possible to choose them and remain loyal for as long as possible. 

There are quite literally hundreds of sign-up bonuses being offered by banks around the United States and the world at any given time, often including money, interest rates and even discounts at specific retailers. Checking all of these different bank offers can be tricky, but simply do your research or check a site like Wallet Hacks to see which offer works best for you. 

3. Online Casinos 

Now, let’s get into an industry that is a lot more fun than banking and credit scores: iGaming. Online casinos have thrived over the last few decades, becoming one of the most successful online industries of the 21stcentury and allowing players all over the world to come together and play their favourite games whenever and wherever they want. Like credit card companies and banks though, each individual business must put out competitive sign-up bonuses to beat the competition.

So they should, as like our previous two examples, online casinos are dealing with your hard-earned money and valuable time. Before choosing any specific casino to commit to, do your research by visiting sites like Oddschecker, where welcome packages are compared fairly to ensure you get the best deal. These welcome packages could include anything from no-deposit bonuses to free spins and are always worth checking.

There you have it: three examples of why sign-up bonuses are great for companies, and perhaps even better for consumers. Are there any other industries that have great sign-up bonuses? Are there any specific welcome packages out there at the moment we should be looking at? Let us know in the comments below.

The Importance of Predictability in Finances

Many people enjoy a lack of predictability in at least some facet of life. Surprises can keep life interesting and exciting, after all. However, there are situations where surprises are not desirable at all. One case of this applies very much to personal finances.

People generally want their personal finances to be as predictable as possible so that they know exactly how much they will be making or how much they will need to pay for a certain bill every month. Of course, there are pleasant surprises when it comes to personal finances, like when you end up having to pay less than you had expected, or you end up getting a surprise bonus check at work, but these types of surprises are very rare. When it comes to personal finances, it’s much more common for surprises to entail a loss of money rather than a net gain.

Predictability is often the most desirable state when it comes to personal finances, as people like to know when their payment due dates will be every month and that they will not have to pay more than they are expecting to pay. Having to pay more for an unexpectedly high bill will take away money that you may have been planning to spend somewhere else, which can be highly frustrating.

With this in mind, it pays to know as much as possible about a financial arrangement before putting your signature down. For example, learning what are installment loans repayment plans can be determined by reading the details outlined by lenders on their websites. It might seem like a lot of confusing financial language, but similar to learning a foreign language, eventually you start to catch on to the lingo. Furthermore, a good sign of a trustworthy lender is the level to which this information is provided.

Another common source of undesirable unpredictability when it comes to personal finances is earning less money than you had expected to earn. This can happen when your hours have been cut back at work due to a decision that was out of your control, or when you suddenly lose your job with no warning and do not have time to get a new job without having a gap in employment. In these situations, which commonly arise, you will have to make do with a smaller amount of money and may have to cut back on what is already the bare necessities.

As you can see, there are many reasons why predictable personal finances are highly valued by anyone who does not want to end up in a financial crisis. Ideally, the situation will always be predictable, with no unexpected losses of income or surprise bills popping up, but the reality is that this is not always the case. If you end up with less money in your budget than expected, it is important to be prepared for the situation and know how to deal with this less than ideal predicament, and have a backup plan if necessary, such as an emergency fund. If you are already in this situation and have no idea how you are going to get through it, keep this in mind for next time so that you are better prepared when the situation arises again.

Quick Loans for payment of the advance taxes

Filing the taxes is an inevitable part of your life. They are consistent and you cannot escape them if you want to enjoy a trouble free life. When your income falls in the taxable income slab, you should be ready to file the tax. Talk to your financial advisor or the financial expert for seeking suggestions for filing the taxes. Payment of taxes is always painful but if you want to make the taxes enjoyable, you should make sure to file the advance taxes. In this, you will have to make payments of the taxes in advance. This helps you to get the good tax return. However, there are many people, who often do not pay attention on the things that could give them a tax return. If you also want to get the tax returns, you should pay advance taxes even if you need to get the payday loans which are the short term loans.

Boost your returns through advance tax payments

Here are some of the tips on which you can enjoy the tax deductions. This helps you to get the big returns on the advance tax payment.

Education fees: If you are paying the education fees of your children then you are eligible for enjoying the tax deduction. There are chances that the education fees of your children are high and at a particular point of time you may not have enough cash for making fees payment of the school or college. In that case, payday loans are the best help.  This type of loan is the quick loan that you can obtain from the payday lenders. Due to the popularity of these loans, many parents are now able to provide better education to their children and getting the tax deduction.

Donations:  those who make the donations are also able to get the tax deduction on the income. You can not only get rid of your old things but also enjoy the tax deductions.  Thus, you should make the donations regularly. If you find that you are running out of the money then getting the quick loan or the payday loan for making the payment for donation. The loan can be repaid easily if you are willing to pay while the tax benefits which you get are amazing.

Home fees: This is another type of cost that can help to get the tax deduction on your taxable income.  If you have purchased your first house then you can rebate on the fees including the title fees and mortgage fees. So, don’t neglect these types of fees to get the tax benefits. Payday loans can help you to make the payment of these fees easily.

Why You Should Not Cosign a Loan

Mike was a recent college grad.  He found himself a good job, but was having issues with the vehicle he had driven since he was 16.  It was time for Mike to get a new car.  He went ahead and found a car he liked at a local dealership, but when he went through financing he got stuck with a 12% rate!  Why so high?  Mike didn’t have any credit.  He had to get his mother to cosign a car loan with him in order to bring down the interest rate.

The new interest rate Mike was able to get for his loan was now 3%.  This would lead to thousands of dollars in savings over the life of the loan,  all because his mother, who had a credit history, signed it with him.  Did Mike’s mom do the right thing?  Probably yes, she trusts her son and knows he just got a good job, but many people cosign a loan not thinking about any of the consequences.  Below are 3 reason why you should not cosign a loan.

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WHY YOU SHOULD NOT COSIGN A LOAN REASON #1

You are responsible for the loan if the person you cosign with cannot make payments.  In Mike’s situation above, his mother knew that signing a loan with her son would save him thousands of dollars, but if Mike suddenly lost his job or forgot to make payments, then his mom becomes the responsible party.  Never cosign a loan with someone you don’t think can make the payments.

WHY YOU SHOULD NOT COSIGN A LOAN REASON #2

Your credit score can be affected, both positively and negatively.  An institution loaning you the money can offer a lower interest rate with a cosigner because they have mitigated the risk of default for the loan.  If you cosign a loan and the loan is repaid in full, you can see your credit score rise, but if the loan goes into default, it can hurt your score and lower your chances of getting future financing.

WHY YOU SHOULD NOT COSIGN A LOAN REASON #3

Once you add your name to a loan you cannot take it off.  If you and a friend cosign for a loan together, then you better hope that friendship doesn’t go south anytime during the loan.  Relationships sometimes fizzle and don’t work out.  It is best to make sure that emotions don’t get the best of you when cosigning for a loan.

FINAL THOUGHTS

Cosigning a loan can be a good way for someone to build credit.  It is also important to remember that you are taking a risk on building someone else’s credit for the sake of your own credit.  Sometimes people can make financial decisions based on emotions, cosigning a loan is a perfect example of a financial decision that should not be made on an emotional level.

Budget Smart, Invest Wise

How to Get the Most Out of Your Student Loans

When it comes to paying for higher education the majority of students require student loans. Studies show that in some states up to 75% of bachelor’s degree recipients graduate with some student loan debt. The average debt is around $30,000 per borrower.

Given these numbers, you know you’re not alone. Still, you want to get the most out of the money you borrow. Let’s find out how.

Money You Buy

You don’t need someone to tell you that you can’t order out pizza every night. Still, there are ways to optimize your borrowing in ways you might not have considered. Taking out a student loan is like buying money. You want to spend as wisely as possible, but you also want to buy it as cheap as you can. Basically, this means getting the lowest interest rate possible.

Interest rates might also affect how much you end up borrowing. For example, if you take out a loan of $30,000, different interest rates might stack up like this:

  • At 7% over 120 months, you end up paying $41,799 total.
  • At 4% over 120 months, you end up paying $36,448 total.

See the difference? Now let’s say you are willing to pay back $41,799. Then at 4% over 120 months, you could take out a bigger loan for $34,400 giving you an extra $4,400 to cover costs. In the end you still pay back the same amount, but more goes into your pocket. That’s the power of lower interest. Of course, you want to borrow as little as possible, but a lower interest rate can offer you some wiggle room.

How to Get The Best Student Loan Interest Rate

The only way to get the best rates is to shop around. Thankfully, there are modern ways to do this that make the process easy. In the past, you had to go door-to-door asking each lender separately. This meant a lot of forms to fill out and a lot of time.

Today, the web based multi-lender marketplace has streamlined the process big time. These platforms have established connections with many lenders so you don’t have to go door-to-door. All you do is answer a few questions online about your situation. In minutes you have several prequalified rates at your fingertips. Once you have the interest rates, making the choice is pretty easy.

Other Relevant Data

Online marketplaces can also help you gather other data about lenders that might be important. For instance, if two companies offer you the same rate, how do you decide? Other influential factors might be:

  • Minimum loan amount – The least amount you can borrow.
  • Maximum loan amount – The largest loan they offer.
  • Terms – The time you have to pay back the loan. The loan amount may affect this.
  • Eligibility – Some companies only lend to students enrolled at least half-time.
  • Co-signer – You may or may not need someone to co-sign for your loan.
  • Benefits – Can include interest rate reduction if you authorize autopay.
  • Deferment period – Determines when you have to start paying back the loan.

Conclusion

Getting the most out of your student loan doesn’t mean you have to eat ramen noodles every night. Instead, use the tools available and make smart borrowing decisions.

What is the net worth of Giancarlo Stanton?

Who does the richest contract in all of professional sports belong to?  The answer is none other than New York Yankees player Giancarlo Stanton.  The 28 year old is spending his first full season with the Yankees organization after being traded from the Miami Marlins this offseason.  Before leaving Miami, Giancarlo signed the largest sports contract valued at $325 million over 13 years.  What is the net worth of Giancarlo Stanton?  Giancarlo Stanton’s net worth currently sits at $15 million.

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NY Yankee Giancarlo Stanton

Drafted in the second round of the 2007 MLB draft, Stanton spent the first few years of his professional career in the Marlins minor league organization.  Giancarlo was eventually called up during the 2010 season and had been on the Marlins roster ever since.  That is until the New York Yankees came calling.

In December 2017, the Yankees sent three of their players to Miami in exchange for Giancarlo and $30 million cash.  The $30 million was to help pay for his salary.  Stanton is scheduled to make $25 million this season, tops on the Yankees roster; however, that salary is a mere 13th in overall value for the 2018 season when compared to the rest of Major League Baseball.

So what is the net worth of Giancarlo Stanton?  As stated earlier, it currently sits at $15 million; however, it has the chance to increase dramatically over the next few years.  Giancarlo is scheduled to make $25 million this season and $26 million for both the 2019 and 2020 seasons.  These three years total up to $77 million in earnings.  By the end of the 2020 season, Giancarlo Stanton’s net worth could reach in excess of $40 million.

After the 2020 season, Stanton will have eight years remaining on his current contract with the first seven years being a player option.  If he is able to complete the full 13 years of his contract, Giancarlo Stanton’s net worth could climb to as high as $150 million.  At that point he would easily be one of the top earners among professional athletes.  Since Major League Baseball contracts tend to be fully guaranteed, there is a high probability that his net worth will touch the nine figure mark.

Based on the amount of salary Giancarlo is demanding throughout his contract, it is obvious the Yankees are hoping he produces at a high level.  In his first game at Yankee Stadium in uniform this season he was booed by the local fans.  He followed this up the following day with a home run and quickly earned his spot among the New York faithful.

Stanton has the physical prowess needed to be a professional athlete.  At 6’6” in height and 245 pounds, he was a three sport athlete in high school out in California.  Although he accepted a baseball scholarship at Tulane, he opted to instead enter into his professional baseball career and the $475,000 signing bonus that came along with it.

 

 

Erasing the Red: 5 Steps to Regaining Your Financial Stability

Falling into debt can happen to anyone. Don’t beat yourself up about it. Instead of lamenting about the past, take steps to improve your future. Just like anyone can fall into debt, anyone can climb out of it and regain financial stability. You just have to follow these 5 simple steps:

Stop Borrowing Money to Pay for Products and Services

If you want to get out of the debt, the first thing you must do is stop financing purchases. This means that you do not buy anything you cannot pay for in cash. Also, stop signing up for new credit cards. Instead, focus on the debt you already have and how you are going to pay it off.

If you have no cash and absolutely need something, consider installment loans. But understand that these are high-interest loans and that you should only take them out if you can pay them back quickly.

Create a Buffer in Your Bank Account

Prepare for emergencies by creating a buffer in your bank account of at least two paychecks. This means that, while the money does exist in your bank account, you pretend that it does not, and you only touch it if you have an actual emergency.

Create a Budget and Then Stick to It

Creating a budget may seem complicated, but it is actually easy. All you need is a pen and a piece of paper. Right down on this piece of paper everything you need to pay for during the course of a month, such as rent, food and utilities. Also write down the price of these things, and do not put on this list anything you do not really need. Then, you keep to this budget. You do not spend above what you allocated, and you do not buy anything that is not listed on the page.

Order Your Debt

Just like you made a list of your expenses, you should make a list of your debts. This will help you pay them off faster.

You can list your debt in two ways. In the first way, you list your debt from smallest to highest, without regards to interest rates. Then, pay off your debts from smallest to highest. By paying off the small debts in full, it will give you momentum to pay off the larger ones, and it will make you believe that you can get out of debt.

The second way of listing your debt is by interest rate, from highest to lowest. Then, pay off the higher interest rate debt off first. But doing this, you will get out of debt sooner.

Throw Money at Your Debt

Sometimes money just comes to us. Whether it be from a tax refund or an inheritance or selling something, instead of buying something with this newfound money, take it and spend it on reducing your debt, using the list you created in Step 4.

In conclusion, you can get out of debt almost as fast as you got into it. Just follow the steps outlined here and you will be on your way to financial stability.