Many families all over the world have credit card debt. Credit cards are a good way to get access to extra money that you don’t have on hand right now, but relying too heavily on them is a good way to end up with an unexpectedly high amount of credit card debt. If you currently have so much credit card debt that you’re barely making an indent into your balance every month, a balance transfer card like the Citi Simplicity card could be a good option. Here are a few of the benefits that a balance transfer card can offer.

1. A Way to Pay Off High-Interest Credit Card Debt

One of the reasons credit cards can be so dangerous for debt is because the interest rates can be extremely high. High-interest credit card debt is very common, and it can completely destroy the amount you’re able to put toward paying off the debt every month. A balance transfer credit card can give you low or 0% APR on your balance transfer for a period of time.

2. May Offer an Introductory APR on Future Purchases

Most commonly, balance transfer credit cards are geared toward helping you avoid some amount of interest on your purchases. The Citi Simplicity card, for example, offers 12 months of introductory 0% APR on new purchases. That means if you have a large purchase coming up, you might want to put it on this card to pay it off over time with no interest.

3. Commonly Doesn’t Have an Annual Fee

It’s very common for balance transfer credit cards not to come with an annual fee. You’ll likely pay a percentage fee when you transfer the balance from your old credit card to the new one, but it’s less common to have to pay a yearly fee to keep the card open. That means you’re not losing any money just by having the card open, and you can put that money toward paying off your balance.

4. Allows You to Consolidate Debt

You don’t have to just transfer balances from a single credit card to the new card. Many balance credit cards allow you to consolidate debt from a variety of credit cards. This can make it easier for you to make your monthly payments and avoid forgetting a payment for one of the credit cards that you have open. This debt consolidation is a great way to manage your current debt.

Conclusion

Families often suffer the most from credit card debt, as it can be even more difficult to routinely make more than minimum payments when you have extra expenses as a family. This is why balance transfer credit cards can be so helpful for many people. If you’re looking to invest in a balance transfer credit card, make sure you do some research first. It’s also a good idea to have a plan for how you’re going to pay off the whole balance over the introductory APR period.

You have heard about Binance and Coinbase, both are popular and the trusted cryptocurrency to get hold of in the current times. If you are thinking about which one to choose, you cannot easily decide as both have different features that make your cryptocurrency payment easier and hassle-free. Some think that how these two platforms come to mind at the same time. If you are thinking deep into cryptocurrency platforms, you might come across these two items on a research basis.

One company was established in the tech towers in Shanghai, and the other one was established in the VC-ridden hills at Silicon Valley. Despite being the two most popular among the three large cryptocurrencies, Binance and Coinbase are different platforms for different users.

Like the other crypto-related items, Binance and Coinbase provide access to the various coins and the platform features depending on the user’s location. However, some countries take it harder to check the retail trading for cryptocurrencies, whereas the other nations completely embrace it.

This makes it too difficult for these exchange platforms for determining the universal rules for all the users. Sometimes, it causes legal issues. Therefore, it is very important to understand the local laws and regulations to determine whether coinbase Vs Binance or any other cryptocurrency that is far better than this. In this blog, you will get a deeper look on the features of these two platforms, currencies offered and their benefits and disadvantages.

An Overview of the Coinbase

Let’s check this; it is one of the largest and the most popular cryptocurrency exchange platforms available in North America as per the trading volume. This American trading platform was founded in 2012 by Brian Armstrong, who was the Airbnb engineer before in his life. It has grown from the obscure San Fran start-up to the $85 bn+ trading company. This exchange platform now has 40 million verified users, and it is the 3rd largest cryptocurrency exchange globally after Binance and Huobi.

The Features Of This Crypto Currency Platform

This platform operates in more than 100 nations as the mobile app and the web platform on iOS and Android, Mac, Linux and many more. This platform allows you to buy, sell and also exchange 50 available crypto-currencies. This also will enable you to check the price chart and data for many other coins available.

The Benefits Of Using This Crypto Currency Platform-

It is one of the easiest solutions for users looking for ways to buy Bitcoin. In crypto, there is a slight barrier for the users to enter U.S. bank accounts. However, this platform makes it easier to link with the bank account. Though the process seems simple, the more you enter the process, you will be involved in the tricks and tips. It has excellent infrastructure and also customer support. If you are looking for the best cryptocurrency to invest in 2021, this platform can be the best solution for you.

On the other hand, the Binance platform is the largest cryptocurrency in the globe. It was founded in the year 2017 by the developer and Fintech entrepreneur Changpeng Zhao. The function of this platform is similar to the Coinbase, but here, the users can trade more than 500 crypto-currencies. The best part of this platform is that it has the lowest fees in this industry. It has lots of options for the beginner as well as for the advanced traders too.

For U.S. traders, there are so many other options available in the market. But, if you are searching for the best types of cryptocurrencies, Binance and Coinbase are the best ones. Now, you can choose as per your requirement.

 

Lincoln has a lot to offer residents as the capital of the state. Although apartments in Lincoln, NE aren’t as expensive as in major cities like New York City or Los Angeles, Lincoln apartments can still get quite expensive. When you factor in rising rent prices and the impact of the COVID-19 pandemic, it’s easy to understand why some people may struggle with affording an apartment in the city. Thankfully, there are some steps you can take that can land you a better deal on an apartment, and better your financial situation. Here’s how to afford an apartment in Lincoln, Nebraska.

Save Up

If you’re looking to afford a new apartment, then you’ll want to save up some money. When you sign a lease, not only will you have to pay rent every month, you’ll also have to pay some money upfront. For example, many landlords require a security deposit as a way to protect their property, with the deposit usually equaling one month of rent. Although you’ll get this money back when your lease is over if you take care of your apartment, that could be months or years down the line. Additionally, many landlords require you to pay the first month’s rent upfront, and some may even require the first and last month’s rent along with a security deposit. This can add up to quite the hefty initial payment. In order to afford this, you should cut expenses and save money every month. Not only will this allow you to pay the initial fees, if you save up enough, it’ll also create a buffer that can help you pay for rent down the line.

Live with a Roommate

A fantastic way to cut down on rent prices and make an apartment more affordable is living with a roommate. Living by yourself will result in high rent prices and will mean you’ll have to pay utilities by yourself. On the other hand, living with a roommate can slash your rent and utilities in half, making the apartment much more affordable. However, when you do this make sure your apartment is big enough to house 2 people with no conflicts. Additionally, try to room with someone you know and are comfortable with, just to prevent any roommate disputes in the future. Although living with a roommate may not seem like the most attractive lifestyle option, it can make paying rent so much easier.

Supplementary Income

If you’re already struggling to make ends meet, you might think it’s impossible to save up money or afford another bill. If this is the case, then you might benefit from adding a form of supplementary income. There’s plenty of freelance work available for a side hustle, and options like rideshare and food delivery are becoming more common. Doing these activities may only take up a few hours a week, but can provide you with enough income to have the financial flexibility to afford an apartment.

Shop Around

While you’re looking to get your financial situation in order, it’s important to continually shop around for the cheapest deal possible. Not every apartment listing will be easy to find and you may have to shop around to find really good deals. When shopping for anything, you should always compare prices and try to find the best deal. Many people make the mistake of jumping at the first apartment listing they like, meaning that they potentially miss out on other deals. Remain diligent in your apartment hunt, and you should find a listing that is more than affordable.

 

For most people, retirement seems like their big financial goal. However, once you reach retirement, it doesn’t mean that all of your money problems will go away. In fact, you might find that being in retirement means that you’re needing to manage your money even more than you were before since you don’t have a steady income from working anymore.

To help you prepare for this, here are three tips for better money management once you reach retirement.

Make A Plan For Your Spending

Before you were retired, you likely had at least some kind of budget for your money. And while a budget can seem restricting to many people, it can really help to ensure that you’re not spending more than you’re making.

Once you’re retired, you can and should start thinking about your budget a little differently. Rather than trying to keep things balanced in a budget, you should start making plans for how you’ll be spending the money you have saved up and invested. With this plan in place, you’ll ensure that you’re spending money on the things that you actually want to do or enjoy now that you’re retired, like travel, activities, and more. Otherwise, you might find that you waste all of your hard-earned money on things that don’t actually mean that much to you, since it’s easy to lose track of what you’re spending if you’re not accounting for it.

Continue To Invest

Just because you’re not working anymore doesn’t mean that you can’t still be working to bring in money each month or year.

For most retirees, the best way to do this is to put your money to work for you through investments. There are many ways to invest your money, but one of the best ways once you’re retired is to buy annuities. By spending some of your money this way, and potentially finding other options for investment as well, you’ll ensure that you have the money you need now and in the future.

Plan For Spending More As Time Goes By

One of the hardest parts about planning for retirement is knowing how much money you’ll need. Since no one knows what the future will hold, it can be hard to know how many years you should plan to be in retirement and what your expenses will be like down the line.

To be safe, it’s wise to plan on spending more and more of your retirement money as the years go by. Things like moving into a retirement community can get expensive. So although you might not have any health issues or other problems now, it’s wise to assume that more of these costs will begin to pile up as you age. And with this in mind, you should plan your finances accordingly.

If you’re nearing retirement age and want to ensure that you have what you need financially throughout these years, consider using the tips mentioned above to help you adjust your money management strategies.

 

One of the worst money problems a person can have is that there’s simply not enough. More money tends to lead to more expenses, which is why it’s important to always keep working hard to build your stash.

If you want a comfortable life, you need money. Learning the best way to save and compound your money is a great way to better prepare yourself for a cozy future. Take a moment now to read through these helpful tips for saving more money, and look forward to a stable financial future.

Automate your savings account

Given that saving money is something you integrate into your lifestyle, you should integrate an automated savings plan into the budget. Finding a savings account that really pays out a good interest rate is priority.

Once you’ve set up a savings account that makes you happy, it’s time to start adding money. Automate your savings deposits, so you never even have to worry about letting go of the funds. You’ll quickly grow accustomed to the process, and your savings will grow in the meantime.

Learn to navigate the stock market

Most people have a little fear of stock investing, because they aren’t entirely sure how the whole process really works. You can invest in the stock market in many different ways. You can even use your IRA for stock investments.

The only barrier you have to conquer is knowledge. Educating yourself is made easy through the infinite resources offered on the internet. All you have to do is take the time to really apply your mind, and you’ll open up a whole new investment opportunity.

Cut down on your everyday expenses

You can likely save hundreds each month by simply cutting down on your everyday expenses. Eating take out food less often and cooking at home is a good start. Take a look at all the various streaming services you pay for each month, and simplify the list of revolving charges you are responsible for paying.

Hone your value detector

Learning how to find a good value is a good way to save money along the way. Paying more for a purchase may not always be the wrong move. Sometimes you can pay a little more for a bigger package and get a better price per unit. It’s worth the savings to do the math.

Work hard for as long as possible

You can save more money when you have more money, and you’ll have more money if you work hard for more time. Don’t slack, and use your youth to build your financial empire. Take full advantage of your able mind and body, and apply yourself to a lucrative career path.

It’s important to work hard, save, and set goals for the long term instead of waiting until it’s too late. For example, you should start making plans for retirement now to make sure you have enough money to retire comfortably in the future.

The average Canadian owes $73,532, going by a recent Equifax report.

Despite your best effort, debt can get so overwhelming that you become uncertain about your ability to be debt-free. If you have been in debt before, you might understand the burdensome feeling that comes with it.

How do you lessen this burden amidst numerous other competing financial needs? Here are some tips to help you get on a debt-free path.

Consolidate Debt

If you have several loans from different lenders, tracking different repayment dates and interest rates can be an uphill task. Consolidating debts means taking a one quick money loan to cover all your small loans.

This action does not make you debt-free, but it leaves you with one loan to repay. Be sure to look at the costs of the loan Vis a Vis repaying multiple ones.

Create a Household Budget

To create a debt repayment plan, you need to know where all your money goes. This is impossible to do without a household budget.

To get started, list down all your income sources and the amounts they bring in. then sum up all your expenses regardless of how negligible the amount might be.

The difference between the two amounts is your surplus income. The best outcome is when the amount is positive because a negative balance means you are living beyond your means.

If the figure is positive, you can purpose to use this entire amount to repay your debts. This move will help you clear your loans faster.

Cease All Borrowing

When getting on debt elimination, the last thing you want to do is take on more debts, unless it’s a debt consolidation loan.

If you keep borrowing more, you are essentially taking one step forward and one backward, meaning there is no progress at all.

If you find it very tempting to apply for new loans, consider freezing your accounts so that none can be availed to you.

Increase Minimum Repayments

The premise behind loan repayments is straightforward. The longer the long term, the more interest you pay, and of course, the longer you remain stuck with the loan.

If you are looking to be debt-free as soon as possible, consider restructuring your repayments to make larger payments so that you clear the loans sooner.

This might require you to make some changes to your lifestyle but being debt-free will be worth the sacrifice.

One Step at a Time

Debts take time to accumulate, so don’t expect them to go away overnight.

Your only goal should be to make small, consistent efforts towards a debt-free life.

2020 has gone by in a daze but there’s always hope for the new year. We are way into 2021 and as the year is off to a good start, it is a good time to start thinking about your financial planning. While some people aren’t new at this and already know in depth what is financial planning and the importance of investing, if you’re like most others, you might be wondering how to plan the next financial year starting in April and where to invest money but may not know how.

So we have compiled some of the things you need to keep in mind to think through your investment plan for the year 2021 –

• Monthly savings: With the ongoing pandemic, you cannot say for sure whether you will be getting a pay hike at your job. One can always hope, but either way you need to plan ahead for the worst-case scenario and be pragmatic about how much money you are genuinely able to save every month. Learn what amount you will be capable of saving, and make sure that you save at least 20-30% of your savings. So if you are making a purchase, ensure that it does not exceed a year’s worth of savings as that will drive you in a debt.
• Unexpected big expenses: Learn to anticipate expenses, plan ahead and try not to be impulsive. If you plan to unexpectedly make a big purchase such as an expensive car loan or a home loan, calculate objectively whether you will be able to pay the EMI every month with your income without compromising on your core savings. And it is a good idea to have an emergency fund ready with you before you end up needing it.
• Tax saving investments: Figure out if you need to save taxes. If yes, then you will have to explore various types of investments and choose tax saving investment plans to take care of it. Make sure to deduct your EPF contributions, insurance premium payments (if you have a policy), home loan principal payment, etc. from the limit of Rs. 1.5 lakh under Sec 80c, and you can choose an investment plan to invest the rest of the money. The best idea is to go for tax saving Mutual Funds as you can start investing through SIP and not all together at the end of the year, which is more comfortable and helpful in planning ahead.
• Short-term and long-term investment: You need to figure out how much amount of money you wish to invest in fixed income (short-term) and in equity Mutual Funds (long-term). For short-term investments, it’s a good idea to invest in shorter term debt funds as they are efficient and stable if held for at least three years. If the amount is smaller than you can also think about FDs.

So these are some tips on how you can plan ahead your financial year 2021. Make sure you analyse all investment options, calculate the risks and accordingly make financial choices. Happy investing!

Whether you’re looking to put a deposit on your very first home or you’re interested in finally buying and moving into your ultimate dream home, it’s useful to compile a list of tasks to complete. For example, you may want to apply for a loan or to refinance your current loan, in preparation for making an offer on your dream property. Or you may want to compile a list of attributes that you’d like your new home to offer. If you’re feeling overwhelmed and are unsure of how to get started, simply continue reading in order to discover a handy guide to buying your dream home. Especially if you’re looking to invest in your first home.

Ensure to compare the rates offered by multiple lenders:

Instead of signing a contract with the first lender which you talk to, it’s a much smarter idea to compare the rates which are offered by multiple lenders. In order to ensure that you end up paying the least amount of interest as possible, which will save you tens of thousands of dollars in the long term, you need to shop around and do proper research. Also, opt for a fixed mortgage rate rather than an adjustable mortgage rate that fluctuates over time. A 15-year fixed mortgage rate, for example, gives you peace of mind as the interest rate never changes throughout the term so you can set aside a fixed budget for your monthly payments. It also allows you to qualify for a lower rate, reduced repayment amount over the span of the loan as compared to a 20 or 30-year mortgage, and can build equity in your home faster. However, keep in mind that these benefits vary depending on the term you’ll choose.

Compile a list of attributes that you’d like your next home to have:

In order to find a home that ticks all of your boxes, it’s well worth taking the time to compile a list of all of the features which you’d like your next property to boast. For example, you may want a home that has an en-suite bathroom and a walk-in closet, which backs on to your master bedroom. Or you may want to move into a house that offers a double garage and a sizable backyard. While you may not be able to find a property in your price range that features all of your desired attributes, you should be able to find a property that features at least your top six desired attributes.

Pay for a building inspection:

Before you make an offer on a home, it’s important to pay for an unbiased building inspection from a third party. So that you’ll be able to find out if there are any major flaws or faults which you may not know about. As an example, if you find that your dream property requires major structural work, you may want to put in a lower offer or to keep searching for your dream property.

There are numerous things you need to consider before buying a home as it would be one of your biggest investments in life and you wouldn’t want to have any regrets. So if you’re ready to start searching for your dream property, it’s well worth using the handy guide listed above in order to take the stress out of purchasing your dream house.

It is daunting at first to start your investment interests. Understanding what you are getting into is essential for you to make the most out of your investment opportunity. They are several investment tools in the market, making it hard for a new investor to understand the complexity revolving around these tools. You have to be aware of the time you need to spend when building a strong portfolio to get the results you desire.

Building a stock portfolio in line with your risk tolerance is something essential for an investor. It is profitable to build a stock portfolio when you put effort and research into your choice. Understanding all the aspects of the stock portfolio by understanding investment tools and thorough research will help you make the ideal decision that will benefit the money you spend on the investment. It would help if you had patience, time, and hard work to build an amazing stick portfolio. Below are tips to help you make the right decision when you are building your stock portfolio because they are form experts in the investment industry.

1. Think About Long Term Goal

You need to ensure you have long-term goals in mind when you turn to a stock portfolio. You have to purchase stocks you believe in at all economic levels for you to have the patience required to make your investment amazing. You need to study the stock market and understand how it works before making a choice. You have to go for competitive investment companies and a reliable management team because they will help make your stock portfolio strong. 

Sustainability in the market will be easy when you choose the right companies for your stock portfolio. When choosing stocks, you have to consider some things to help you go for the right option. Equity strength is required, which depends on the management team, which should have a track insider trading record to prove they can stick to their work.

2. Diversify Your Stock Portfolio

It is important to be diversified in investments when building a stock portfolio. When one stock suffers a loss, you can be boosted by the one making great returns. A stock portfolio needs to have ten to thirty individual stocks and choose the top companies in the various sectors for better returns in the future. Finding the ideal stocks to add to your list is easy when using stock rankings. Investment research will be useful when you are diversified in your stock portfolio. Being diversified, low loss risk, and it does not affect the returns you expected.

3. Understand Economic Behavior

Understanding how the economic levels will affect your stock portfolio will help you achieve the goals you have. You have to build a stock portfolio that can beat the market even with changes taking place. Economics behavior will require your time and effort to research for you to enjoy the long-term benefits of your choice. You have to think about how changes in stock prices will affect stock valuation. 

Know if the increased price will affect the services’ demand from the sectors you choose for you to build a strong stock portfolio. Avoid brands whereby if prices go up, consumers will have an alternative to ensure it does not affect your stock portfolio’s returns.

You have to be willing to follow all the details given by experts to build your stock portfolio. The building process is intricate as it requires you to have a lot of helpful information to make the right choice. You will need to evaluate different opportunities to find what will and details to build a stock portfolio with strong sectors. With several sources of information, choosing a stock portfolio that aligns with your goals is easy. You can easily access publications, stock screeners, and professional researchers to make the process easier.

Shortcuts to building a portfolio will not lead to an amazing result. You will have easier work but in the long run, make losses that are not your goal. When building a stock portfolio, you have to use tips you are sure will be effective in achieving what you have in mind through generating the returns you have set for yourself. With the right decision, you will grow your investments beyond your expectations. The tips shared above help you understand stock building for you to start your investment journey with basic information.