Change Consumption Habits of Americans

The pictograph shows changes in consumption habits of the American populace for tobacco and alcohol. Air Jordan 10 Uomo In 1965 about forty two percent of the adult population smoked. Cam Newton Auburn Football Jerseys This number decreased gradually over the next forty years at a rate of approximately five percent per year. Nike Air Max 2016 Dames grijs The lowest percentage of smokers could be found in the year 2005, air max 2017 heren where twenty one percent of the population smoked. Alcohol, Kyrie Irving All Shoes on the other hand, Scarpe Nike Online Shop Outlet has barely shown any growth or decrease, with the exception of two years; 1975 and 1985. Cheap Nike Air Max UK In 1975 and 1985 the rates of alcohol consumption were ten point one percent and ten percent, shirt-tshirt respectively. Maglie Toronto Raptors This was a nearly two percent increase from the average steady rate of eight point four percent experienced in 1965, Maglie Atlanta Hawks 1995,

Why Do People Think Mint is Bad For Budgeting

One of the well known online budget and expense tracking app is Mint which allows you to track your money transactions from home without any trouble. Mint was formally introduced in September 2007. In November 2009, Intuit purchased Mint for $170 million. At the time, Mint had more than 1 million clients and was including a couple of thousand new clients consistently. After four years, Mint has more than 10 million clients. It can be used for checking your financial statements, savings, credit card bills, monthly and yearly incomes, future goals involving money, and funding for trips and hotel bookings.

Advantages of using Mint.com

  • As this is budgeting software, it notifies you every time you are due to pay a bill or payment which ensures you don’t end up being penalized for paying fees lately.
  • It helps to guide you in making the perfect financial statement for you bringing out every scope for you to spend and save as well.
  • You can keep a look on your daily expense and if you have a future goal of buying something, you can reduce your current spending according to it.
  • It is easily portable and you can track your money records through phone, tablet, laptops etc. So even if you are on a tour, you can track your transactions.
  • It keeps a track on your credit bills, home bills, savings etc for you.

Disadvantages of using Mint.com

Although the Mint.com has some great advantages but there are some disadvantages too which is making people lose trust over the app and ending up calling it bad software for budgeting.

  • There is not guaranteed security in this online software. com could get hacked and the cyber hackers can get hold of all your financial information. The only thing the hacker needs to do is get your password and to be honest, it is not that hard to get.
  • People don’t feel the necessity of an online finance tracker and they are good on their own.
  • They are more loyal users of other online budgeting sites like Quicken or YNAB.
  • There is sometimes a necessity of keeping a manual transaction record. Mint does everything through automated calculators but it sure has some flaws now and then causing you to lose track of your real money matters.
  • The site is full of advertisements of their credit cards and software. You would end up getting lost in them and being unable to put any digit in peacefully.

These are the basic reasons causing Mint to lose customers even though they provide quality service. If these issues are fixed soon they will be able to gain back their popularity as an online budgeting site.

Life Triangle – Work, Life, and Salary – it is your job to balance it

In the connect world today everyone looks so busy to in connecting these three dots called Work, Life, and Salary. To have a good life you need good salary and for getting the good salary you need to have a good job, which demands loads of time at work. If you spend loads of time at work, then where is time for life? Are you in a similar situation? Are you still running every day to connect these three dots? Not able to balance? Confused?

Don’t worry you are not only one with this problem, most of us get into this problem. The main reason is we focus on one goal and forget other. The mantra to achieve balance is knowing you. Pause the run of the life for some time and do deep thinking on what makes you happy? Absolutely there is no one answer.  Once you know the key to your happiness, you can prioritize the three dots to get the right balance.

If you don’t achieve the right balance it will lead to poor work-life balance which results in stress, unhappiness, and even reduced productivity. Here is a quick tip for achieving happiness by creating the right balance.

  • Spend time to understand yourself: pause your busy life sometimes and write answers for the key question of life Who I am? Do I know myself? What makes me happy? who I want to be?. Keep scribbling until you land on the stable and self-convincing answer. Remember there is no right or wrong answer, every answer is right until you are convinced.
  • Priorities the key goals of life: Once you know who you are and what makes you happy, you will understand pathway for happiness? What is your number one priority in life?
  • If you can’t track you can’t progress: As now you have understood where you need to be, it is equally important to get the correct measurement of where you are today. Start measuring the time you spend on different aspects of life. If you can’t measure you can’t improve. This is not your exam result, so no pass or fail, measure genuinely
  • Analyze and reschedule your days: Now you understand where you spend more time, start planning your day and assign more time to activity in the path of your balanced life. Nothing changes in one day, have discipline and dedication.
  • Have personal time: have some time blocked for yourself. Spending time with yourself is most important. Keep revisiting your goals and reprioritizing tasks. Remember no multi-tasking during your personal time.
  • Influencers: Understanding yourself and measuring yourself will let you understand key influencers.
    • Example less sleep leads to less productivity and more stress. Less productivity means more time you spend in the office. This cyclic process leads to poor performance and fewer chances of promotions or higher salary.
    • Health, as everyone says health is wealth, poor health leads to poor performance and poor work-life balance.
  • Social life is important: Build good friends circle, family relationships and dedicate time for your social life. You need to draw energy from society, end of the day you live in society, positive circle creates positive energy.

Finally, it is your life; you live the way it makes you happy. Never forget it is all about Life balance.

Save for the Days It Rains

An emergency by its very nature will strike at the most inopportune of moments. And the greatest fear that tags along with an emergency are the lack of funds. It is to overcome and be prepared for such unforeseen challenges that one should have a substantial amount of savings in place.

Warren Buffet had once famously quoted: “Savings in not what is left after you spent on your needs but it is the first investment you make before you spend on anything else.”

In today’s time of financial uncertainty and extreme competition, health and wealth are both victims. And after a point in time, there comes a situation where falling back on reserves, however unwise that would be, become a necessity. Let us list a few of them to see why people need and emergency fund or in other words, a saving.

  1. A loss of a job is a reality. Companies will restructure, downsize or maybe right size and the first casualty will be you. What would you do in that case? Jobs will never come on a platter and hence expecting one soon after you have lost one is simply wishful thinking. Also, even if you get one, there is no guarantee the salary currently drawn will be as attractive as the previous one.
  2. You or a family member has an illness. A debilitating one at that too. Where do you think you will have the funds to help you or the member get treatment? Also being too sick can make you lose your job. You would then be in a situation explained in point number 1. In addition to which the cost of treatment will add up.
  3. That property tax which you knew was under control for a long time has suddenly been raised. While previously budgeting for the taxes, you had never ensured some extra buffer for the future and now the future strikes back. It is again the savings which will come handy.
  4. You have been downsized and your hours rolled back. You are now a part time employee with very little cash in hand.
  5. An accident is a rude shock. Can happen to anyone of us at any time. Hence we call it an accident. The money needed for treatment needs to be saved from the beginning.

There is a myriad of reasons for people to start saving. The list is long and exhaustive.

If you haven’t started saving, this is the time.

Start now.

Why Are People Scared to Have Multiple Credit Cards?

In the recent world, banking business has provided new technological facilities that are making our lives easier than ever. Starting from online banking transactions to payouts through cards, transferring money from world’s one end to other has become a regular exercise. The two basic types of cards, Credit and Debit cards have made the transaction a simple process. However, some people are yet not used to the system and some are afraid of using it for various purposes. Here, we will talk about why people are afraid of using credit and debit cards and how can these issues be solved.

Reasons to be Afraid of Multiple Credit Cards

People usually use multiple credit cards to earn more credit points which can benefit them in getting a loan, reducing insurance rate and even get themselves a job. But not everyone is familiar with these advantages. They mostly fear using multiple credit cards because –

  • They don’t like using banks for money transfer. They fear banks might loot them instead of saving their money. They think using a credit card will increase the chances of a bank trapping them with debt.
  • The idea of taking or borrowing money from a bank makes people feel indebted towards the bank. They don’t prefer to have such a risk which can become a serious issue if there is any problem with transactions.
  • Everyone does not have a fixed monthly salary. While using a credit card, the amount taken from the bank will be charged from your account on a monthly basis. Usually, depending on the salary these allowances are given which is not applicable in some people’s cases.
  • They fear to spend too much through credit cards and end up going to jail for not being to pay the debt back.

How to Get Over the Fear

These above fears are likely to come in mind of a novice in bank dealings. If you are a regular you know there is nothing to worry about. But for that, you must keep a few things in mind –

  • Build credit history by transacting through credit cards for future loans and insurance benefits.
  • Stay alerted about fraudulent websites and try to keep a check on your payments and debt rate. Your payments on the card should never exceed your income.
  • Have an insurance and cash coverage for unexpected situations.
  • Know the law and try to follow it to avoid legal issues.