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The Price Being Paid for High Paid Jobs

Teena — Wed, 04 Nov 2009 16:06:34 +0000

The possibility of acquiring a decently paid job is quite difficult these days, given the scenario of the recession hit world and whats more difficult is being in a high paid job and maintaining it.

But does your high paying job make you pay more price in terms of losing your quality time with family, leading a stressful life, and inability to do something of your choice in a leisure time?

Then why don’t you consider shifting your job? Do i sound Insane? Well i might but i have my own point to be put across. When you reduce the expenses by adopting to a less expensive life style, you wouldn’t be threatened by the fact that you might have to lose your high paid job. This way your options for a decently paid job would be more, you could turn your hobby into income by investing sometime in a side business and spend your weekend with your family.

Get the picture now? Well give it a thought and share with me your experiences and decisions.

Fix your Finances in 7 Days- Day 5

Teena — Wed, 04 Nov 2009 15:53:47 +0000

On day 5 of our attempt to fix our finances in a week, we are going to concentrate on retirement savings. Yes retirement savings is an essential part of financial planning.

There are many tools available online like a retirement savings calculator. Make use of such tools and start saving from today. Even if you are just 25, it better to start saving for your retirement right away. The earlier you start , the saver you would be as far as retirement is considered.

Choose your own method of saving. You might want to opt for a retirement saving plan or just put aside some money in a savings account every month. whatever may be the method, just make sure you save enough for your later years.

On our day 5 thats all we are going to do. With just two days left i am sure if you had followed all the 5 day’s agenda properly, you must be already feeling relieved.

Fix your Finance in 7 Days- Day 4

Teena — Tue, 03 Nov 2009 21:10:01 +0000

Hi everyone!!! I hope that all of you must have done your 3 day ritual regularly and i am sure you are sensing some improvement already from within. Today , the fourth day we are going to concentrate on Credit Cards

Analyze the payments you are making for all your credit cards every month. Ask yourself if you really need the number of credit cards that you own. If not surrender some and have as less as necessary.

Also make the monthly bills on time to keep a clean record of your credit score. Make use of offers given by the credit card companies. Do not fall victim for marketing gimmicks and buy a credit card on an offer as the APY might be a lot higher compared to the traditional ones without offer.

Determine how much credit card debt you owe to the company and start allotting a considerable amount every month.

Thats it!!! We are done for the day. This will not take more than an hour to analyze. So you can go to sleep with a satisfaction that you have completed more than 50% in your attempt to fix your finance.

Reduce your Spending without Sacrificing Much

Teena — Sat, 24 Oct 2009 03:28:59 +0000

Somehow frugality has always been linked with giving up pleasures of life. According to me it is a very wrong notion. You could enjoy all the small and big pleasures of life while still saving money.

Here is a list of things you could do to reduce your spending:

Sell the Items you don’t Use Anymore:

Find out the items that you have not been using for a long time and sell them. It might be your old books, CDs or even a home appliance. Sell them, create some more space at your home and enjoy the free space and money that comes out of selling.

Save on Energy:

Replace light bulbls by CFLs and LEDs .

Unplug aplliances when they are not working.

Switch off lights and fans when you leave the room.

Seal the air leaks in your home.

Do a regular maintenance check on all appliances.

Save on Cell Phone:

Unless you have a valid reason to use cell phone heavily, replace your plan to pay as you go. Try using Skype whenever possible and reduce the frequency of using your cell phone.

Buy the Regular Stuff in Bulk:

Be it oil, soaps or even your body spray, if you are something regularly, buy it in bulk for it comes cheap.

Make use of a Library:

The next time you want to watch a movies or read a book, think of signing up for a library membership.

5 Blogs I recommend you to Read

Teena — Fri, 23 Oct 2009 02:30:28 +0000

I am a huge fan of finance blogs and never fail to update myself time and again with what experts have to save. So i thought why not share with my readers 5 blogs i think that would be useful for them to save money?

So here we go

My Good Cents

For those who want to be informed of shopping offers, deals, best buys, coupons and give aways, this blog is just perfect and has a lot to offer.

Simple Dollar Truth

This is one of my most favorite Personal Finance blogs and i simply love their content.

Frugal Dad

This is another favorite personal finance blog with a lot of useful information, interesting and humorous articles.

Lower My Energy Bill

If your looking for ways to save money on your utility bills then this is the right place to see.

Hillbilly Housewife

If you are looking for delicious recipes to be made at a cheap cost then there are many mouthwatering frugal recipes here.

This is my list. What about yours?

Want to be Rich or Just Appear Rich?

Teena — Fri, 02 Oct 2009 01:15:02 +0000

‘ Rich’ i can say without an iota of doubt that this word brings abundance happiness to most in the world. However not everyone is destined to enjoy its company. A very few have what it takes to reach the top. However there are people who succeed in appearing rich. Hence its important to decide whether you want to be rich or just appear rich. Want to be both? Then your last name has to be Jobs, Gates, Clinton or Ellison, so lets forget about that for the moment and get to the reality.

Lets now discuss about people who appear to be rich. These are people who own a luxurious apartment, a dazzling car , jewels and clothes that are in par with today’s trend , inspite of the fact that its beyond their range of affordability.

As a result, instead of enjoying financial independence , they fall victims of financial dependence. Every month they have huge amount of bills to be paid, hence their job becomes an integral part of their life which they have to hold on to even if they hate it. Juggling the funds would become an everyday routine, where you have to decide about which debt to clear immediately and which to postpone. These people always expect themselves to be in good health , because a major health issue would incur a lot of cost and obviously an emergency fund is out of question when they are busy shopping.

In a nut shell these are people who are used to the fake comforts that money offers and are not ready to accept the reality that something might go wrong someday and we have to be prepared to face it.

I personally would hate a life like that. Instead i would prefer to be rich in my own way. I won’t have the most amzing car, but i will have a vehicle that falls under my bydget to solve my purpose plus i will have financial freedom and lot of peace of mind. Instead of breaking my head over how to settle my monthly bills for all the debts, i would be spending my time in a constructive manner.

If i get bored with my job, i will have the courage to quit and follow my passion.To me living a life by my own rules matters more than the outward glamor that only leaves stress inside.I definitely cannot buy what i want immediately, but with months and years of secure savings, i would be able to acquire all that i desired some day plus i will have a sense of satisfaction, which i prefer to the fear of losing myself in debt.

So its high time you decide, what you want out of life. Because in the end life gives you what you desire out of it. Make a wise choice and start to act accordingly NOW!!!