Although I’m not a spendthrift, I feel as if I never have enough money in my bank account. Because I’m setting aside cash in order to buy a new home, I’m always searching for ways to decrease my monthly expenses. Fortunately, through my research, I’ve found some great, simple tips that provide substantial savings over time. For instance, I turn off my HVAC unit whenever I’m traveling. I also conserve gasoline by running all of my errands for the week on the same day. On this blog, I hope you will discover some easy, painless ways to lower your regular monthly bills. Enjoy!
Keeping your finances in order is one of the most responsible things you can do as a working adult. While budgeting, planning, and handling your debt may be fairly simple through most of your life, there are some life changes that can arise which will make these tasks harder to handle, and you could end up in the middle of a financial mess. Financial guidance centers offer a range of services from debt counseling to tax preparation and can be a priceless asset in sticky situations. To avoid making costly mistakes in your financial circumstances, there are three life changes that should also include seeking help from a financial guidance center.
Life Change: Getting a Divorce
When you get married, you are essentially joining two financial lives into one. Therefore, divorce can involve some drastic financial changes. You may be dealing with loss of your significant other's income, debts you cannot manage on your own, and even new financial obligations, such as alimony or child support. By consulting with a financial advisor at a guidance center, you can get through the process more smoothly without seeing major issues arise because of the change in your finances. For example, an adviser may be able to help you consolidate debts so you can easily handle new alimony payments.
Life Change: Starting a Business
Before you enter into a major business endeavor it is always best if you consult with a financial advisor. Just as it is when you get married, starting a business means your financial status is going to change. Not only will you have your own financial matters to be concerned about, you will be taking on a secondary level which will include things like filing business taxes, handling expenses, and understanding profit and loss. Through financial guidance at the beginning of the business startup process, you can ensure you do not make choices that will negatively impact your own finances.
Life Change: Relocating to a New State
Moving to a new state can be a major undertaking, and, if you are not careful, it can also mean issues with your financial well being. Residing in a new state can mean changes in tax laws locally, differentiating mortgage rates, and even unexpected costs and changes in income. By planning the relocation with the guidance of a financial advisor, you can better anticipate the changes that go along with relocating to a new state and plan accordingly.Share
20 July 2016