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How to execute your trading order smartly

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If you are reading this article it means that you are a trading enthusiast and planning to join it as a profession or a side job. But, first, you should know about trading in general. Trading is like a business and you have to run it like entrepreneurs. Here you will have to buy and sell kinds of stuff just like a traditional business. The only difference is you don’t need to buy and sell any physical element. Now, more and more people are joining in and taking it as a profession. It is because the process is hustle free. If you are doubting whether you should join trading or not, let us help you make a decision.

Think of it as a side job

You don’t have to give up your day job to trade. In fact, you can easily manage a little time from your busy schedule. In the beginning, start small with a little investment. Divide it into multiple segments so that the possibility of losing money comes down. Keep practicing until you have grown your confidence level to a certain level. If you can be confident about your performance (trading), you will make a consistent amount of profit from your regular trades. Then you will know all by yourself where you have come from the beginning of your trading career. You will be able to decide whether you should rely only on trading or keep it as a side job for a bit more time.

Know your goals

Do you think all the traders have specific goals? To be honest majority of the traders don’t know their potential profit target. They just keep on trading with a great hope everything will become perfect. But this is not how investment business work. You need to start using the Forex trading demo account to learn to trade. Without having a structured plan it’s not possible to make money. Take all the time you need but don’t trade the market with real money unless you know how to manage your orders in an organized way. Be smart and trade the market with confidence. You need strong determination, devotion, and dedication to establish yourself as a profitable trader. Never set an unrealistic goal as it will force you to overtrade the market. Consider trading as your alternative source of income for the first year.

The benefits of trading

You can write a whole article with almost two thousand words on the ‘benefits of trading’. We will try to squeeze the main ponts into a few words. If you don’t know the benefits of trading in a marketplace like of Forex, let us inform you. The first benefit of trading is that you can be free. If you keep it as a side job with your main one, you wouldn’t be able to though. But, when it is your main job, then you will get more free time than ever. You can spend some time with your kids and family. You can also help your wife into some household work.

The benefit of the trading markets is that they are transparent to all the traders. There is nothing hiding in the shadow or no confidential stuff. So that you can execute your trades without a headache.

Becoming an expert

When you achieve a class of trading, you will see only money from your trades. It seems like a fairy tale but, fully true. Expert traders can easily predict their trade’s result. It is all the result of experience. The more you trade the more you will get skilled in trading. And your skills will talk you through when you are trading as an expert. Just don’t greed for the money and aim for the experience and skill. Thus you will take less time to become an expert trader. Keep your main focus on your performance and improving your trading edge.

Business Etiquette For a Personal Assistant

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Business etiquette is a fancy way of discussing how you behave while you are at work.  There are many behaviours that we just use automatically when we are in a professional environment such as being polite, friendly and treating others as we want to be treated.  When you are a personal assistant, there are also some traits that can help you to become a PA at the top of their profession.  But what are they?

Be an indispensable part of the system

Everyone wants to feel like they are a key part of the business infrastructure but as a PA, you are in a position to actually be indispensable.  You want to be the right arm of your boss, the person they turn to for everything done. This means learning the most about what your boss needs from you, their likes and dislikes.  It also means to understand their job completely, so you can anticipate their needs.

Make sure there are no surprises

The aim of the best personal assistant is to make their boss’ life easier.  This works in a number of ways and one of them is to ensure there are no surprises.  You don’t want to spring a meeting onto your boss an hour before they are due because that doesn’t give them time to prepare.  It also makes you seem a bit unreliable by not providing the information they need in plenty of time. It can also your boss seem badly organised.

Own up to your mistakes

We are all human and therefore we make mistakes.  No sensible boss will expect you to be perfect all of the time.  However, the important part of good business etiquette is to own up to your mistakes and put things right.  So you forget to prepare the boss for a meeting and they don’t have some of the information they need? Apologise and make sure you put it together quickly, so they have at least some information going into the meeting.

Never tell stories

As a PA, you will often be party to privileged information and it is important never to tell anyone this information.  Nor should you tell stories about your boss, what you see or hear. This is bad practice and if your boss finds out, there’s a good chance they will lose faith in you.  Plus you may have some kind of confidentiality agreement that you are breaking if you talk about what you hear as part of your role.

Keep learning

Being a PA is about learning and adapting as your role grows and this can include formal training as well as on the job training.  Even studying things in your spare time such as new computer software can help you offer more to your employer and therefore become ever more indispensable.  Plus you can be at the forefront of your industry, at the height of your knowledge and be a referral point for people in your company who know you will always have a reliable answer for them.

Top 5 Reasons Why Your Credit Score Went Down

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If you have a habit of regularly checking your credit scores then you know that credit scores change every time. While it might excite you that there is an upsurge in your score, you’ll be equally worried if there is a sudden decrease in your score. The calculation of a credit score is highly complicated and it will be difficult to identify the specific reason why your score dropped.

Credit scores are a reflection of your credit report so if there is an unexpected drop in your score, then it is usually because of a drastic change of information in your report. Here are a few reasons why your scores dropped:

Missed And Late Payments

Missing a payment or paying your debts late is obviously one of the top reasons why there will be a sudden drop in your score. One late payment might just have a little impact in your score but accumulating missed payments will have a significant effect in your score. This is why you should always see to it that you are paying your debts even if it is way past the deadline. The longer you allow the payment to be missed, the larger the decrease will be on your score. Debts that are more than 30 days late are immediately reported to the credit bureaus. As soon as this reflects on your credit report, your credit score might have already dropped.

Had A Massive Purchase

One important factor that affects your credit score is how you utilize your credit. Some people might still be surprised but making an expensive purchase such as starting a business or buying a house will decrease your credit score even if you fully pay your balance on time. This occurs because credit card companies usually report the balance of your credit card at the last day of your billing cycle. The good news is it’s simple to fix this kind of drop in your credit score. You only have to settle the balance in full and avoid making other credit purchases. After doing this, you will need to wait until your credit report shows the balance.

Frequently Changing Address

Lending institutions may regard frequent changes in your address as a sign that you are financially unstable and is unable to pay rent. Lenders would like to see stability as it shows that you will be able to pay back your debts. So, seeing something that indicates the opposite can decrease your score.

Your Account Is In Collections

To be able to secure your credit score, it is crucial that you pay all accounts under your name and not just your cards or mortgages. If you fail to pay your non-credit accounts such as your monthly electric bill, the defaulted balance will be forwarded to a collection agency and will be reflected on your credit report. Once this collection shows on your credit report, it will cause a drop in your credit score.

Error In Your Report

Sometimes, but not often, a borrower sees a mistake in listed on his reports. But most of these mistakes are not sufficient enough to cause a decrease in a person’s credit score. So, if you are sure that you did not do anything to lower your score, check your credit score because an error might be the cause. You will need to assess every part of your credit reports to check if a mistake has been making your score to drop. If you ever you see one, make sure to dispute the error so that it can be rectified immediately. Act fast so that your score will be able to recover again.

6 important Financial Tips in preparing for a mortgage

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The search for good mortgage offers starts with preparations made in advance. Buying a home is usually the most significant purchase anyone can make in their life. It’s a complicated process that requires a lot of time and energy. With careful preparation, the result will be worthwhile because you will have obtained the best terms of all available mortgage offers. If you are part of a group that is considering owning the home, you need to invest time to understand how to get the best deal for your mortgage.

You should explore different possibilities and use online resources to find out what will work and what will not work for you. The journey isn’t as easy as you may think, it is good if you get some help.

Here are six important Financial Tips in preparing for a mortgage.

You must know your finances before looking at the mortgage.

Before you start looking for a home or asking lenders for your pre-qualification needs, you must be familiar with mortgage acronyms and should check your finances. You have to decide how much money you can pay for a home without suffering any stress. Check your current budget, expenses, and financial obligations. You must keep in mind that a mortgage will cost you the principal and interest on the loan. But you also have to pay for other things like property taxes and insurance. Then you must be prepared for everything before.

Work on your credit score

According to experts working in the mortgage department, buyers who obtain excellent credit ratings will receive the best mortgage rates for their purchase needs. You must take steps to improve your credit score to find yourself in a unique or sound range. This will help you to acquire an excellent variety. You can do some things to improve your credit score. Make sure to pay your credit score on time and in full and your other utility bills on time.

Use mortgage comparison tools.

Going online will be one of the most significant gestures you can do to find the ideal mortgage deals. You can access many websites and use their free mortgage tools. By using Mortgage Arrangers, you can instantly see the effect of different interest rates on your mortgage and you will have a chance to connect several mortgage evolving factors, such as a down payment.  You will also be able to predict future mortgage payments and interests. Then, you will know immediately which terms correspond to your current economic situation.

Get Pre-approved, before looking for the house.

Now that you know your budget and have optimized your credit, it’s time to get pre-approval for a mortgage. A pre-approved mortgage will save you time and money by positioning you better to make a serious offer for the home. Unlike a pre-qualification, which is based on a brief review of your financial situation, the prior approval of a mortgage lender involves a thorough analysis of your actual income, expenses, debts and credit history.

Search to find a reliable mortgage provider

There are many mortgage providers on the market. You need to find a reliable supplier, interested in your needs and offering you the best solution. https://www.mortgagearrangers.co.uk/ and other professional mortgage agency are available to provide you with some insight on the best mortgage to apply for. Ask them as many questions as possible before making the final decision.

You should save for down payment.

First, you must save up to 20% of the purchase price of the house to use as a down payment. Also, you need to be flexible when choosing the type of loan that will fit your pocket to ensure that you don’t overstretch your pocket.

Qualifying for one of the many mortgage offers is considered the most natural part. But if you follow the steps described above, you will have got one with terms that will satisfy you. Prior approval of a mortgage loan can also bring you benefits during the negotiation. Sellers may be more inclined to accept your offer because of less uncertainty and may be able to act faster than another buyer because several stages of the application process have already been completed.

How will US betting change after the overturning of PASPA?

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Professional and Amateur Sports Protection Act (PASPA) defined the legal status of sports betting for a long time throughout the US. Signed by George H.W. Bush, the act went into effect from 1993. Except for few states, PASPA made it illegal for all the other states to regulate and tax sports betting. Still, the illegal betting continued in the US for a long time. It was estimated that Americans wager about $150 billion in illegal sports betting every year.  

At that time, Nevada was the only state which already had a lot of betting’s going on. While for the three other states of Oregon, Montana, and Delaware, there were concessions made in this act.  

The Supreme Court of the United States overturned the Professional and Amateur Sports Protection Act (PASPA) on 14 May of this year. It was the state of New Jersey who was trying to legalize sports betting after a referendum in 2011 showed people favoring betting in its area. With this outcome, it is expected that the sports betting climate will radically change across the US.

However, the court’s judgment has not automatically made sports betting legal in the US. Although, it has given the authority to individual states now as to how they go about legalizing and regulating sports betting in their states. However, there is one more possibility. The US Congress could do legislation on this matter directly. In fact, this is what the major sports leagues are lobbying for because this is more beneficial for all of them. The problem is that it will not happen very soon and is expected to take some time.

Therefore, it is looking very likely at the moment that state by state legalization process would occur. Different states would go about legalization differently. Some states would liberalize sports betting very quickly, some would take a longer time and some would continue with the already existing system.

Compared with the US, the gambling laws in the UK are very liberal. The country made sports betting legal a long time ago. All the sports betting is regulated by the UK Gambling Commission. One can easily spot online casinos in the UK with the seal of the Gambling Commission, though only people over the age of 18 can play there.

The country has the most competitive market in the world offering better choices and conditions for all the punters. The online gambling population in the UK is estimated to be about 2.1 million. It is interesting to note that London alone has over 1,000 betting shops. However, there is one downside for the casino operators- they have to pay a lot of tax to the government.

The betting conditions were not always like this in the UK. In fact, there were many restrictions before. The betting landscape changed a great deal in the country only after the 1960 Act which legalized off-course bookmakers. The Gambling Act 2005 tried to ensure that gambling is conducted in a fair and open way by creating the Gambling Commission. The act also tried to prevent gambling from being a source of crime and ensure that children and other vulnerable persons are protected.

If you are a punter, then you can enjoy free betting with no deposit required at freebets.co.uk. You can enjoy the no deposit free bet offers for any sports like football, horse racing etc. These offers can then be used in any aspect of the sport. For example, you can bet on the correct score, on the total number of goals and the first goal scorer etc.

See if you like William Hill’s offer of 30 Free Spins after signing up for an account. While Ladbrokes is also offering a good opportunity for punters, for you can get £5 if you sign up for an account. While the offers of 777 Casino, Sporting Index, and 32Red Casino are also very impressive.

Sports betting in four US States

New Jersey is very likely to legalize sports betting very soon in order to honor the result of the 2011 referendum. In a way, the New York state already legalized sports betting in 2013. However, this liberalization of sports betting is confined to 4 upstate casinos only. Therefore, it is looking likely that lawmakers would try to include more locations for sports betting in their state.

While in the state of Delaware, a sports lottery has been allowed to offer bets on NFL games.  Therefore, they would probably expand this to include a full range of sports betting legislation.

In October 2017, the Pennsylvania state made a legislation to authorize sports betting at its casinos. However, they kept a very stringent condition. Anyone wishing to take advantage of the post-PASPA situation has to agree for a 36 percent tax rate along with $10 million licensing fees. So now it remains to be seen whether casino operators would still be tempted to cash in on the opportunity even if the expenses will be sky-high for them.

In the state of Mississippi, the prohibition on sports betting by its casinos was removed in the year 2017. This was done due to a regulation dealing with fantasy sports. Now with the PASPA overturning, the sports betting would be legalized very soon in the state.

Viderium Pays Investors for 2nd Quarter of 2018

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Viderium, an IT company based in London, has paid investors for the second quarter of 2018, stating that it is well positioned for the rest of the year having thus far reached all targets set. The company has experienced an exciting year in 2018, having seen expansion and growth driven by investors in the UK and the rapid uptake of technologies within the target market.

Profit for Investors

Investment in Viderium is attractive to investors seeking returns above the current rate of inflation in the UK, which stands at approximately 2.4% at the time of writing. Viderium released a corporate bond earlier this year, providing investors with the opportunity to access a 9.8% per annum fixed yield minimum, with payments made to investors at the end of each quarter. At the end of June, Viderium was pleased to be able to announce that all payments for the current quarter had been made to bond investors on time.

Business Expansion

For Viderium, the issuance of the corporate bonds has facilitated expansion of the company business model, creating profits from a growing industry. CEO Ross Archer stated that Viderium was looking forward to being able to announce a series of new commercial deals over the coming weeks at the beginning of the third quarter, with partnerships under negotiation to diversify the Viderium business model further. Once these negotiations are complete, Viderium should be able to finish 2018 on a high note, with a robust business model acting as a launch pad for further growth in 2019.

About Viderium

Viderium specialises in a range of data solutions for businesses, which include high-performance computing (HPC) through funding and operating data centres. Data centres attract recognition from investors as an emerging asset class featuring dynamic characteristics. Data centres are a form of technical real estate that act as hybrid investments, increasing the appeal to investors who want to diversify. They combine the security of traditional real estate investment with the associated recurring revenues and long-term contracts, with unique opportunities to benefit from prospects of rapid growth.

The Viderium Bond

The Viderium bonds were issued as the company seeks to raise £5 million. The corporate bonds have a 9.8% per annum coupon paid quarterly to investors in arrears over a term of three years, with capital repayment in February 2021 at the end of the term.

The creativity required in the role of the Senior PA

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While most Senior PA or EA positions involve working in a corporate environment with a senior exec and carrying out general every day duties involving a high level of support and organisation, there are some jobs which are a little more creative and outside of the realms of what one might expect. Attic Recruitment take a look at some of the more creative duties of a Senior PA and what may be required in such a role:

Planning your employer’s wedding

OK so technically a wedding planner does organise parts of the day but what is really useful is having a PA that can ensure that everything goes smoothly including the work schedule and the honeymoon of the bride or groom, depending on who you work for. Ensuring that they are where they are supposed to be at certain times and that they are able to actually take a honeymoon without responding to emails every five seconds is critical. The continuity and support of a PA will make one of the more stressful times of their life run a lot more smoothly,

Organising holidays

You may not be choosing the destination for the boss’s next holiday but you might be required to find suitable accommodation, arrange travel to and from the accommodation, book flights, sort out car hire and anything else that is required when the boss and their family are travelling abroad. In some instances, the senior PA is required to travel with their employer or perhaps ahead of them. Not a bad perk, right? You’re already asking yourself where you can apply right? Don’t get too excited, sometimes you may be required to stay behind and man the fort so that the boss can enjoy their holiday with you looking after their interests.

Thinking outside of the box

Creativity is a key skill when it comes to the role of the Senior PA. There will be times when you will be expected to organise things that stand out from the rest. Imagine organising a meeting or training event that needs to be memorable. Perhaps your boss is trying to impress clients or peers and wants something that is extraordinary. Maybe you need to hire a local attraction exclusively to host an event plus the entertainment, the food and everything else that will make things memorable for all the right reasons. So many executive meetings take place in a board room and training events for company staff can become a bit repetitive. This is where they depend on you to pull something special out of the bag.

Perks of the role

With such a responsible role, that is so demanding of your time, often comes many benefits. We aren’t talking the salary or the health insurance but the perks of the job. Free holidays, travel, use of nice company vehicles (let’s face it the boss at such a level is bound to drive a nice car), corporate hospitality entertainment and so much more. While the role may require ample creativity and a lot of hard work on your part, the rewards are certainly worth the work that you put in.

The less glamorous tasks

Returning clothes, buying new technology, setting up new technology, organising staff gifts… there are many duties that a Senior PA may be called upon to undertake for their boss that they may not always relish. The not so glamourous tasks are often compensated by other things though (like the free holidays).

Having the skills to work at such a level is critical and it takes a certain type of person to be able to work under the pressure of a more creatively demanding role. Having the initiative to take on these sorts of tasks and the ability to think outside the box is a must so for those that prefer a more corporate environment then this sort of role may not be for you. For those who dream big though it is the ideal career.

The Untapped Gold Mine of the Northern Property Market

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Everybody knows that houses in the north of the UK are cheap. Very cheap. If you’ve ever lived in or around London you will undoubtedly have heard someone moan about how they could buy a mansion up north if they ever made the decision to sell their house.

The thing is that very few people ever do. Whatever the reason, be it the colder weather or the distinct lack of vegan restaurants that are so common in London, the majority of those who live in the south of the UK never make the jump for affordable property.

Putting your money into property investment is a smarter decision than simply leaving it in a savings account and if done properly can produce a small fortune in returns. Here is why you should consider placing your savings into the UK’s northern property market.

Low Risk Investment

What a lot of people fail to realise is that just because you’ve bought property in the north of the UK, it doesn’t mean you have to live there. The opportunity for property investment is definitely too quickly overlooked. Rent prices over the last few years have seen a distinct rise in the north east of the UK but with house prices remaining fairly stagnant. You don’t have to be a rocket scientist to realise this is a great opportunity for those who want to make a low risk investment with strong returns.

House prices in the north east of England are the lowest in the country and are perfect for those with some savings looking for a safe place to invest it. As the population of the UK increases so does the demand for housing and the value of property. This means that even in the event of a market crash, property will always bounce back to its original value. The only exception to this rule being the UK suffers huge population loss through war or natural disaster, in which case losing money on property investments will be the last of your concerns.

High Demand

The north east of England attracts thousands of new faces every year that are all looking for temporary housing. They aren’t looking to buy but to rent. Students are a great source of continuous revenue. All while there is a University in the area there is a consistent demand for rental properties.

Newcastle, Durham, Northumbria, Teesside and Sunderland all have between 15,000 to over 23,000 students enrol each year, many of them looking for somewhere to live. This can make your buy-to-let investment a steady earner immune to economic shocks, so long as you do it right.

The high rental yields found amongst student let properties aren’t entirely immune from different problems and stress that you wouldn’t otherwise find with other tenants. Young people who have recently discovered the joys of alcohol and are enjoying a new-found freedom away from their parents aren’t always the easiest to work with. They do however come with a reliable get-out-of-jail-free card though in the form of parents who often serve as guarantors for damages or missed periods of rent.

You Can Choose Your Work Rate and Profit Margins

However, many landlords see this high demand as a way of saving money by not always ensuring property maintenance is done correctly. This shoots themselves in the foot. More responsible and mature students that are less likely to cause you problems as a landlord will typically organise renting a house well in advance of the academic year. This means that the best properties go quickly and to safer more reliable tenants. The less well-kept properties will be left to those who waited longer and are assuredly less-organised students.

If you get your location right and make sure your house is well kept, your property will be one of the first to be swept up meaning you will be able to plan your finances accordingly without last minute panics to find tenants. This does, of course, take some organisation and effort on your part but is well worth it for the high rental yields and assured income.

The other option is simply going through a north east property management company. While building a property portfolio can be exciting and a great opportunity to learn, if you are unsure or are caught for time having an expert do the work for you is a good option.

These companies will often help you find the right property and manage it for you, meaning you won’t lose sleep at night knowing that your tenants have been throwing wild house parties all week. While you will certainly earn higher profit margins the more work you do yourself, it’s an option worth considering. You can always use the service until you find your feet and feel comfortable managing your property yourself.

The risks of betting on Iran

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Online Betting Companies need to get out of the Iranian market before November 4 or face the consequences of penalties for sanction busting. With the opening up of the US sports betting market, international players need to look hard at where they and their partners operate because US players in this field will not be slow to report them.

Until May 2018 the only state in the US in which you could legally bet on sports was Nevada. Then the US Supreme Court overturned that ban, in one of a number of recent decisions that strengthen the rights of states over the federal government. Congress could still legislative to prevent states from allowing the gambling but with a powerful lobby of gaming companies supporting the move, it is unlikely to do so, and this frees up the US market for domestic competition. But what is even more interesting, from an international trade perspective, is that it allows international players into the hugely lucrative sports betting market. Estimates of the current value of illegal sports betting are between $150billion and $400billion.

Because this market has been closed for decades, many of the key international players in the sports betting world have had to find alternative markets to develop. These markets are good, but they are nothing compared to the potential of the sports mad USA.

At the moment the physical gaming market in the US is worth about $70billion and the total value of gaming to the US economy is around $240billion. Ten states are set to allow internet gambling over the next year or so, growing the value nationally and away from the small number of states that have historically allowed it to take place. It will not take long for the legal market to become as lucrative as the illegal one.

So what if the gaming companies have to make a choice between markets they have been forced to grow and the market that has the most potential?

Here is an example of the kinds of tough choices players in this space are now having to make.

GAN is a UK listed gaming company that is becoming a leading player in the US market. They recently announced a strategic partnership with SB Tech.  Who promise on their website that: We ensure that you get the best solution for your needs, while meeting all regulatory requirements in any market. SB Tech in turn supplies one of the major players in the online gaming market in Iran. As their website proudly boasts:

Betcart is  part of the Bcourt Group NV, which is based in Curacao. This is also where the upcoming bookie is licensed and they were established in 2010. Since then, Betcart has made an impact in the betting industry and especially in Italy and Iran, where they hold exclusive domains, www.gobcart.com and www.bordbc.com. Their sports betting platform is provided by Sbtech, one of the greatest software providers globally.

Gambling, except between the participants of archery contests, camel races and horse races, is illegal in Iran, so most people who gamble either go to Turkmenistan or bet online. Iran is one of the most active online markets in the region. Betcart is doing very well in this market. Its review on the Bookmakers review site calls it the “Top choice for Iranian players”.

So, the question for these companies is what to do when the newly re-imposed sanctions on Iran covering online financial activity and specifically the financial transactions necessary to bet, begin to be enforced after a winding up period comes to an end. Specifically, the Treasury Department guidance states that the following is prohibited:

Sanctions on significant transactions related to the purchase or sale of Iranian rials, or the maintenance of significant funds or accounts outside the territory of Iran denominated in the Iranian rial;

Apple long ago decided that its app store was covered by the sanctions:

“Under the U.S. sanctions regulations, the App Store cannot host, distribute or do business with apps or developers connected to certain U.S. embargoed countries.”

GAN might not be given a choice if it wants to continue to grow its US market because, the Treasury department guidance also states that:

Persons engaging in the activity listed above undertaken pursuant to the U.S. sanctions relief provided for in the JCPOA should take the steps necessary to wind down those activities by November 4, 2018, to avoid exposure to sanctions or an enforcement action under U.S. law.

Other international players are in the same boat. With trade wars waging with China and Turkey, these markets might also soon come under scrutiny, potential tariffs and even sanctions. In fact, they almost certainly will. I would bet on it.

The simple yet effective ways to save for your future

It’s easy for us to spend the money we’ve worked hard for and splash out on whatever we want, not thinking or worrying about a thing. The future, for some, seems so far away but in reality, it’ll come round closer than you think. There’s no better time to think about it than now.

Saving money is one of the hardest things we have to do. It can be a difficult task to figure out the simple ways to save and how to use your savings to pursue your financial goals. We’ve put together some simple, yet effective ways you can save for your future.

Save and invest

You should think about the money you’re saving falling into three categories:

  • Emergency funds
  • Short term purchases
  • Long time goals

Money for emergencies and short term purchases should be kept in an easily accessible savings account. This way you may earn some interest on them too. Money for long term goals can be invested into asset such as stocks, bonds and other funds. This poses more risk than traditional savings as you have the potential to earn more from them.

Savings goals

From today and your next salary payment, a lot can change. You could lose your job, get a pay rise or fall ill. So strategizing how much money we make now in order to plan for our future is one of the best things we can do with our well-earned money. It’s simply just about a break from one pay cheque to the other and allowing for those big purchases along the way. Anyone able to create themselves a budget and follow it will be able to make goals and reach them.

Your savings goal can be anything from a new car, house or even, later in life, preparing and planning your funeral. To budget accordingly, you can compare funeral prices, browse online for the right car and pick the perfect house to have a family in.

After your expenses or income, your goals will have the biggest impact on how you plan to save your money. Try to remember your long-term goals too, as it’s important that your long-term goals don’t take a backseat to your short-term ones. Prioritise your goals and it will give you a clear idea of where you should start saving first.

Retirement savings

Regardless of your age, you can start planning for retirement at any time. It’s important to save today and save consistently to enable you to have a happy and comfortable retirement plan. There are many different options to save for retirement and ways to do so, including employee retirement savings plan or pension schemes. Using a retirement calculator is an another good way to examine your needs.

Automate your savings

Automate your savings so that once the money goes in, it stays. If you wait until the end of the month to save, the likelihood is that there will be much left to save will be slim. Make it automatic and save when you first get paid. If you have a few saving objectives, you can track the money that you are putting into each account. Put it through one account, or use a few to save for each goal. Once you see a savings growth, you’re more than likely to keep it in there.

At the end of the day, the above strategies will help you stick to a budget and save for your goals but, remember, without a plan, it’s just a thought. Write them down, make it happen.

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  • staked-etherLido Staked Ether (STETH) $ 3,278.85 0.41%
  • tronTRON (TRX) $ 0.242671 0.15%
  • avalanche-2Avalanche (AVAX) $ 39.21 1.81%
  • the-open-networkToncoin (TON) $ 5.24 2.11%