Are These The Most Important Financial Decisions Of Your Life?

January 17, 2018 by Financial Bin

When it comes to money, you’re always going to be faced with some big financial decisions. While not every choice you’re faced with will be a big one, like what to have for dinner for example, but many will be. After all, you spend so much time working hard for the money that you have, that you’re going to want to make sure that you’re making the right decisions when it comes to spending it.

And some of the choices you’ll have to make with regards to your money can be big, important, and quite intimidating. But you don’t have to let them. Instead, you just need to face up to then, know the facts, and make the right decision for you. So let’s take a look at what some of them could be.

Budgeting Advice For The Most Difficult Times In Life

January 15, 2018 by Financial Bin

No one wants to discuss the financial side of things when they are trapped in the middle of a personal and emotional crisis situation. However, as with everything in life, money is usually involved in some form or another, and neglecting to deal with it can leave you seriously out of pocket later on, and even compromise the chances of dealing with the situation in the best way.

That means it’s vital that you find out how to deal with this in the best way. Keep reading for the lowdown.

Should I Move Out Or Stay At Home?

January 10, 2018 by Financial Bin

There comes a time in everyone’s life that they need to make the decision to move out and stand on their own two feet. But how do you know when the time is right for you?

Moving out can be a difficult choice to make, and no one wants to move out only to realize that they can’t cope on their own and be forced to move back in with their parents. Whether you choose to rent or buy, below are three factors to consider when deciding whether it’s time for you to fly the nest.

5 Ways People Waste Money Without Noticing It

January 6, 2018January 8, 2018 by Financial Bin

We all hate waste in business, and know that waste reduces our profitability. However, in our personal lives, we are all guilty of being too generous with resources, and not making the most out of what we have.

From food waste to fuel and heating, we could make some small changes in our lives that will eliminate waste and get our money go further.

6 Ways To Stop Wasting So Much Money Today

January 4, 2018 by Financial Bin

The majority of people out there are losing more money than they’d like to admit to. You probably are too. Before you start coming up with excuses as to why this isn’t true, take a look at some of the pointers and ideas here. If you’re not currently doing them, then you are probably losing money in some way, shape, or form.

Read on below to learn more about what you can do to stop wasting so much money!

Struggling To Pay Rent? Here Are 5 Things You Can Do Now

January 4, 2018 by Financial Bin

Buying a house and taking out a mortgage isn’t for everyone. It may make better financial sense to rent, especially if you are single or are in a state of flux with your career. But what happens when you get into financial difficulty and can’t pay your rent?

For starters, don’t panic, but don’t ignore the issue either. These are the steps you need to take.

4 Ways To Get Out Of The Rent Trap Now

January 3, 2018 by Financial Bin

Being stuck in a cycle of renting is not easy when you want to escape and buy a property that is your own. The cost of renting can be almost as much as the cost of a mortgage, and in some areas, it can be even more.

Saving for a deposit can be made very difficult when you are paying over the odds in rent, and then you end up trapped paying rent and you can never move into a home that is exclusively yours.

There are several ways that you can get out of the rent trap and speed up your savings efforts, and even if it takes more time than you expected, it can be done! Check out our savings hints below that are there to get you out of the trap that renting can put you in.

5 Things You Need To Know About Car Leasing

January 2, 2018January 2, 2018 by Financial Bin

Car leasing is becoming more and more popular. Individuals are using leasing as a way to get their hands on a new car, without the need to save or get caught up in a lengthy financial agreement. Leasing can seem like the perfect arrangement for car ownership, but only if you know what you’re getting yourself into.

If you’re considering leasing a car, here are five things you should know before you sign on the dotted line.

1. Leasing has many benefits

There are many benefits when it comes to leasing a car. You get to choose a brand new car with little upfront to pay and the knowledge of knowing you can change your car without having to sell it when your contract is up. When weighing up the pros and cons of leasing versus buying a car, you need to think about your unique circumstances and whether or not you want to own your car or keep trading up.

3 Ways To Get Out Of Crippling Debt

December 28, 2017December 28, 2017 by Financial Bin

No one ever intends to get themselves in debt, but it’s so easily done. Even those with the best of intentions and who are savvy financially can find themselves in this predicament, and when you’re shackled by debt it can be an incredibly stressful time.

If you’re being chased by creditors and are receiving letters, phone calls, bailiffs visits and more here’s what you need to do.

Speak To Your Creditors

You can either speak to your creditors directly, or speak to a debt management company who will contact them on your behalf. Either way, letting them know you are in a position where you can no longer fulfill your original agreement is important. Don’t bury your head in the sand as they will continue to chase you. Inform them of your circumstances and see if you can come to an agreement for reduced payments. In some cases they may be willing to accept very small token payments for a number of months until your situation changes.

Managing Your Money After A Life Changing Injury

December 23, 2017 by Financial Bin

Life can change in a moment. You might never see it coming, but you’ll never forget it happening. If disaster strikes and you’re left with a life-changing injury, things can become very difficult for you. You might not be able to work in your usual job anymore. Or maybe you’re not able to work at all. Perhaps you have a lot of need for care now that you never considered would be necessary in life?

Every story like this can be heartbreaking to hear. But when it’s happened to you, panic can set in quite quickly. Aside from the physical difficulties you might now face, there might also be financial difficulties ahead. As you begin to realize that you can’t maintain your income anymore, you know that things have to change drastically. That’s when you might start to have regrets about how you’ve managed your money in the past.