Today we have a guest post for you from Aimee. Aimee Pope works as a financial advisor. She loves to help people with their money issues by posting her insights and experiences on a number of financial and family websites.
Scarlett Sinclair runs a small construction company. She also enjoys sharing her experiences by posting on various DIY and homeowner websites.
If you’ve ever wanted to build your own home far away from the hustle and bustle of the city, but weren’t sure if you could afford it, a log cabin may just be your answer. Log cabins are durable, can provide all of the modern conveniences that you’ve grown accustomed to and, if done right, can be very affordable. Read more
Only 3 out of 10 Americans think that they are financially secure not to be worried about money. Hence, 7 out of 10 Americans have reasons to be worried about money at a time when wages are not growing to meet the rising cost of living. If you are reading this piece, chances are that you have slight fears about your financial security – in fact, it is quite possible that you are battling with sleepless nights because of money worries. Read more
There are four factors to consider when you are selecting an investment manager, namely: Philosophy, process, people and performance. Investors often focus on performance to differentiate between prospective investment managers. An investment manager’s past performance, while an important factor to consider during your selection process, does not always guarantee success in the future. Read more
Many people are struggling with debt but it is unfortunate that their best efforts to get out of debt tend to sink them deeper into financial woes. For instance, it makes little sense to get into a new debt to pay off an older debt. More so, ignoring the debt problem will only worsen your financial situation by destroying your credit and locking you out of opportunities. Read more
When my husband and I decided to invest our savings in property, all we saw were potential dollar signs in our future. We envisioned our money multiplying quickly. While it is possible, there are a few things we learned the hard way about property investments. It’s not just about saving up capital then investing, it takes calculation and thoroughness before, during, and after the process. Read more
Most parents want to help their children start out on the right path for their future. For many, that means a college education. Of course, there are costs associated with achieving that college education. Because those costs are constantly rising, it can be difficult for parents to secure the necessary money to pay for it. But there are ways to make room in your budget to save for college for your children.
Start Right Away
One thing that can help you save money for your child’s education is to start saving as soon as you can. Right after your child is born is a great time to start because the sooner you start, the more you can save. Set savings goals and make it a priority to save money each month.
Of course, when your child is very young or even an infant you may not have a clue which college they will actually end up attending. But you can estimate expenses on the high side. Even if you know you won’t be able to cover all of their educational costs, even covering a third or half can help them toward a better future.
Examine Your Budget
Look over your budget to find ways you can cut back. Could you eat out less? According to a study by Coupon Dash, this is one of the most common ways to find money to cover college costs. Cook more at home and use coupons from one of the many online coupon sites, such as Coupon Dash. Or maybe you would rather give up some of the vacations your family takes. Examine the ways you currently spend to see what areas you could make cuts.
You may be able to direct a portion of each paycheck into a college savings account. This is a great way to save for college costs for your child without noticing it as much. It may not feel like it’s even a line item in your budget when the money comes out of your paycheck up front. One reason for this is because you don’t have to remember to make a separate transaction yourself each month. It also eliminates the possibility of forgetting or putting it off if some months your budget is extra tight.
Start a 529 Plan
Check into setting up a 529 college savings plan. You can withdraw funds tax free if used for your child’s college education. Different states have different options and there are certain rules you must follow. In addition, withdrawing money for other purposes may cause penalties to apply. If your child ends up not going to college, you may be able to use it for a different family member.
Of course, there are other ways to make room in your budget to save for college costs. You could get a second job in order to save extra money. Maybe setting up a Roth IRA would be an option that can help. Some states offer prepaid college tuition plans that allow you to lock in current prices even if college is years down the road. Impress upon your child the need for them to pay part of the costs by getting summer jobs when they are old enough. Apply for college scholarships or tuition grants.
A college education is important to help ensure your child has a bright future ahead of them. As you can see, it is possible to make room in your budget to save for college for your child’s future.
How else might you make room in your budget to save for college?
Building a business takes passion, guts, and zeal. You can’t just sit back and wait for something good to happen you must go out there and make it happen. By the way, it does not matter how much money you have in the bank. This might sound counterintuitive, but having too much can be a hindrance.
Let’s face it: saving for retirement is tough. It can be downright painful when you have to bypass vacations, new furniture, or evenings out with your friends. So it’s no wonder that most Americans don’t have nearly enough saved for retirement, and many have nothing saved at all.
Ultimately, retirement savings is a fairly simple equation: the more you put away, and the earlier you begin putting it away, the more you’ll have saved up. Small contributions add up over time, so here’s how you can put away as much as possible.
Have Contributions Automatically Deducted
You’ll feel less like you’re losing money if you never see the money you put toward retirement. When you’re not transferring money yourself, you won’t be tempted to spend it elsewhere. Schedule automatic deductions to your 401(k) from your paycheck. If you’re self-employed, set up a monthly or weekly transfer from your savings account so you’re not tempted to skimp on saving.
Max Out Employer Matching
Employer matching of retirement contributions is literally free money. You can potentially double your retirement savings if you play your cards right, so do whatever you need to to max out employer matching retirement contributions. And remember that employer matching doesn’t count toward the maximum annual contribution toward a 401(k), adding to the value of this free money.
Spend a Little, Save a Little
No one ever said you have to give up spending altogether to save for retirement. Try mirroring your spending with a small savings contribution for every purchase. After all, if you can afford to spend, you can afford to save. Automatic saving programs such as Wells Fargo’s Way to Save are a great option. These programs transfer a small amount to a savings account for each purchase you make—usually a dollar, or sometimes just the change as with Bank of America’s Keep the Change.
The amounts are small, but they add up. At the end of the year, transfer the money to a higher yield account. It’s a modern-day version of raiding the piggy bank and scouring the couch for loose change.
Don’t Waste Money on Debt Payments
Paying interest on loans and credit cards every month is like lighting cash on fire. You’ll have more money to save if you can quickly pay down your debts. To pay off debt more rapidly, try switching to low or no-interest credit cards, making twice-monthly payments, and always paying more than the minimum monthly payment.
Clear the Clutter
No one needs everything they own. If you have collector’s items, unused clothing, jewelry you no longer wear, or other items clogging your closets, consider selling them on consignment, at a yard sale, or at an antique mall. The money can then go to a retirement account, clearing space in your home and your budget.
Don’t Forget About Your Biggest Investment
Your physical property is an important retirement investment, since selling the things you own can help you if you run into a cash shortage. Most retirees’ biggest investment is their home. Your home can be an untapped source of cash if you opt to sell it or rent out a room. And once you reach the age of 62, you can tap into your home’s equity via a reverse mortgage. A reverse mortgage offers cash that you won’t have to repay—so long as you follow the terms of the mortgage—for as long as you remain in your home. You can use the money as you see fit, including to renovate your home, fund a vacation, pay down debt, or even transfer to a high-yield retirement account.
‘Where is Beacon Resources located’ is a common question asked by many job seekers in the financial industry. The recruitment agency caters to both Fortune 1000 and smaller-growth companies to match candidates with the positions that allow them to grow and thrive. The company is considered one of the best finance recruitment agencies in Orange County, California, and is based in Los Angeles. However things are changing at a rapid pace.
Placing Local Talent
Beacon Resources places talent locally by focusing on its Northern and Southern California markets, specifically the Greater Los Angeles Area, the San Francisco Bay Area, and Orange County. The Golden State remains a mecca for those in the tech and financial industries, thanks to the success of companies in the Silicon Valley and the surrounding area. Many come to California to start or continue their careers in the financial industry, and find the help they need through the Los Angeles recruitment firm.
The National Scale
The Los Angeles financial headhunters are expanding their reach to include the national market. They work with their partner firms within The DLC Group and utilize a “highly-collaborative approach” to offer exceptional services on a national level. The recruiters are currently focusing on their designated national markets to provide clients with the best talent that matches their current needs.
Experience The Beacon Resources Difference
Working with the recruiters at Beacon Resources, whether as a candidate or a client, provides access to the extensive network and wealth of resources the agency provides. The continual goal is to go above the typical placement process to provide employers and potential employees with the results they want. Positions are filled quickly and correctly via superior adherence to precision placement.
Find the position or candidate you desire locally or learn more about this recruitment agency’s national efforts.