Top tips for money management post-divorce

Going through a divorce is hugely difficult, both emotionally and financially. During this turbulent time, many divorcees express concern about their financial health post-split. “What will happen to my assets? How will I manage my bills? Will my credit score be affected?” These are just some of the questions you may be asking yourself. If you’re worried about managing money after your divorce, check out our top tips below.

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7 Benefits of Debt Consolidation

Debt consolidation refers to taking a host of small debts and combining them into one single larger loan. While, for some, this will not make a great difference to their financial situation, especially if their income is considerably less than their outgoings, for others it can be an invaluable tool in the quest to manage their money better and even become debt-free as soon as possible. Here are some ways it can help. Continue reading

Top Tips to Develop the Best Brand Strategy     

Melbourne is the home of some of the largest corporations all over Australia. The capital city of Victoria earned the distinction of being the 15th most competitive financial centre in the world, according to the 2018 Global Financial Centres Index. Diverse businesses also have their headquarters built in the city, including those in the fashion garments, food procession, pharmaceuticals, and petrochemical industries. Because of the thriving economy in Melbourne, plenty of entrepreneurs choose to launch their businesses in the city. To move forward with their businesses, companies need to find the right brand strategy agency in Melbourne to promote their products or services.  Continue reading

America’s Wealthiest Families

america's wealthiest families

Millionaires and billionaires have a solid grip on the world’s share of wealth. A report by Credit Suisse shows that the total amount of global wealth grew to $360 trillion in 2019. Almost half of the wealth is controlled by millionaires. What is perhaps more jaw dropping is that half of the world’s net wealth belongs to the top 1%.  Continue reading

What Age Should You Start Thinking About A Real Estate Investment?

Real estate is one of those topics that can scare off a lot of people for several reasons. First off, it’s expensive. Second, it can be risky. You’re essentially putting thousands of dollars towards something that can be very valuable, but that’s not always guaranteed. If you’re wondering what is the best age to start considering investing in real estate, we can’t give you an exact number. However, if investing is something you want to do in the foreseeable future, we can help you decide when the right time is. 


You aren’t in a lot of debt

First comes first. Before investing in something as expensive and as risky as real estate, you’ll want to assess how much debt you’re in. Whether you have student loans, an expensive car payment, credit card debt, or even a mortgage,  you’ll want to pay those off as much as possible before investing in real estate. Many real estate investment strategies will involve taking out mortgages, which will put you in more debt. 

Naturally, younger adults in the country, mostly those who went to college, will have more debt than older, more established people. However, if you’re younger and in debt, you can make smart financial choices now so that down the road, you can also invest in real estate. 


You are financially stable and have good credit

Before you go ahead and take financial risks like investing in real estate, take a step back and evaluate where you are financially. Do you have a good credit score? Are you financially sound? When you invest, you’re putting money on the line. Before you make any big financial moves such as this, make sure you have savings, a low debt-to-income ratio, and a steady enough income where that if something were to fall through, you would be okay. 

If you’re at an age right now where you’re not as well-off financially as you’d like to be, start making choices that will benefit your financial wellness down the road. Create budgets, save up, and pay off debt. In just a few years, you’ll feel more comfortable investing in real estate. 


You have the time to put in the work

Real estate investing isn’t a “buy a house and you’re done” sort of deal. You’re going to have to put time and energy into the investment after you purchase the home or property. If you decide to fix the house up and resell it, you’re obviously going to need to either hire a crew to fix the house up for you or do it on your own. Not planning on going the “fixer-upper” route? Renting the house out, which is another alternative, also takes work. As a landlord, you’ll have a list of responsibilities. 

The time and energy that you spend in investing doesn’t go to waste, though. Taking the time to take care of the property you purchased is only going to work out better for you in the long run. Don’t have the extra time right now? Reassess down the road when you do.

Like we mentioned before, we don’t have an exact number when it comes to the best age to invest in real estate. However, we do know that it’s based on your financial wellness, how much debt you have, and how much time you have to put towards your investment. We hope you found this post helpful and will continue to stop back to Budget and Invest for similar posts. 

How To Exchange Euros For Bitcoins

You can exchange euros (or other legal tender currencies such as the dollar) in bitcoins (or other cryptocurrencies) using the exchange websites. These websites make available to their registered users a platform through which it is possible to buy/sell bitcoins ( at market price) by other users, even face-to-face, in exchange for legal currencies such as euros or dollars. Registration as a new user is a bit slow, but reliable and transactions are guaranteed (in almost all sites) by many services, which avoids scams to the detriment of both the seller and the buyer. Continue reading

Working with a Real Estate Agent

Don’t go it alone when buying a home. It helps to have a real estate agent when buying a property in a city like Toronto.

You’ve probably heard the term “house hunting,” but have you heard of “real estate agent hunting”? It’s a term I use to describe the process of finding the right agent. Home buying can be competitive. Choosing the right agent can mean the difference between buying your dream home and being left on the sidelines.

What makes a good agent? A good agent gives you the knowledge and tools you need to make informed decisions.  A good real estate agent will have extensive social contacts in their local markets.  Good agents also understand which types of properties are a good fit for their clients – especially those who are first time home buyers.

Finding the right agent can take time. I was with three agents before finding the right one. My first agent was friendly and helpful, but when it came time to make an offer, she didn’t provide me with comparable properties (even after I asked for them), so I had no idea how much to offer and ended up losing out on a nice home. My second agent had the tenacity of a pit bull, but then she just seemed to lose interest. The third time was the charm. My third agent was the perfect fit. He was hands-on, which was great, since I was a first-time homebuyer. He showed me a ton of properties. It took me only a couple of months to find and buy my home.

With so many agents out there, choosing one can feel overwhelming. You might choose the first agent you meet. And you may find the right agent this way, but there’s no guarantee. Similar to house hunting, you won’t know for sure unless you see what else is out there.

Finding an Agent

Looking for an agent? Here are good places to start:

  • Word of mouth: Ask for recommendations from family, friends and colleagues who have recently bought a home.
  • Lawn signs: Look for an agent with lots of lawn signs in the neighbourhood you’d like to buy in. Visit their website to read testimonials.
  • Open houses: Open houses aren’t just for nosy neighbours. They’re also a great way to meet agents. The agent should already be familiar with your desired neighbourhood.
  • Brokerages: If there’s a real estate brokerage nearby, stop in and mention you’re looking for an agent. The brokerage can match you with an agent suited for your home-buying needs.
  • Multiple Listing Service: Visit the MLS website and search for agents selling homes in your area.

Post brought to you by Sean Cooper.

Highest Earning MLB Rookies

MLB rookies

With the new MLB season on its way, a lot of talk is spreading on how rookies will perform against the old hats of the league as teams fight for glory on the diamond. Rookies will get their chances to not only set their mark on the field but also show why they are being paid so much. No doubt, some rookies will find themselves with higher pay checks by the end of the season while others may find themselves on the dreaded invisible list to free agency. Continue reading