Money, although not everything, is a huge component of every part of your life. You need money to pay the bills, afford the bare necessities, and the things you want. Yet, for most adults, there’s always the constant struggle of managing it. There’s always the constant dread of debt, not having enough to pay the bills, falling short on supporting your family, or even the inability to afford a lifestyle you want. Though it may seem like the normal “life of an adult”, this constant struggle with money can quickly internalize wreaking havoc on your physical and mental well-being.
Money Makes You Do Crazy Things
Unfortunately, some adults become so consumed with their finances that they become stressed out. Financial stress takes its toll on your health and can lead you downward path of destruction. Some, turn to drugs and alcohol for relief, but then end up needing to go to rehab for prescription drug abuse or some other substance addiction. Others, lash out at their significant others, make destructive financial decisions, and end up in dire-straights. The list goes on to how one might react to long-term financial stress, but none of it is good. The best thing you can do for yourself, your finances and your family is getting back on track and reduce the stress.
Start a Budget – Not everyone is a big fan of budgeting, but it can greatly reduce your financial stress. It is a resource designed to help you get better control of your finances so that money isn’t a big worry. It is essentially a spending plan which lets you know how your funds will be distributed to afford the things you need on a regular basis. A well-managed budget can also help reduce wasteful spending and increase savings.
Create an Emergency Fund – You can’t always predict or prevent what’s going to happen in life, but you can be prepared to handle them. Financial emergencies like a house repair, car repair, medical emergency, job loss, or some other unforeseen circumstance can cripple your budget if you’re not prepared. An emergency fund is designed to minimize the chances of this happening. It is a nest egg that is set aside for emergencies you can’t afford to pay from your original budget. It reduces the need to borrow money and go further into debt and allows you to handle your financial problems right away. Though there is a lot of debate on how much to save, having at least a few months worth of monthly bills and expenses in an account is ideal.
Get Help – Managing money isn’t easy and it’s not always something you can do on your own. Whether you’re living paycheck to paycheck, drowning in debt, trying to set up for a solid future, or not sure how to grow your money, there are financial experts you can turn to. A financial advisor and/or debt counselor are the most common places to start. They can give an expert third-party opinion on your finances and help you reduce waste, increase savings, and set yourself up for a brighter future.
Self-Care – This one may not seem to have anything to do with your financial circumstances but the truth is it helps. Exercising, eating right, getting enough sleep, and finding ways to focus on things that make you happy improve your overall well-being which allows you to better handle your financial stress.
Money makes the world go round, and when there’s a shortage or a problem, it can bring your world to a halt. As difficult as it might be it is imperative that you don’t allow your financial circumstances to stress you out and ruin your health, family, or life. Instead, get proactive by putting tools in place like a budget and emergency fund, talking to financial experts for help, and taking care of yourself. Though it may not prevent all of your money woes, once you’ve gotten your finances under control, you’ll find it a lot easier to manage going forward.
Sometimes contacting the IRS can seem a bit frightening, or you may be hesitant to get involved with them, but they can actually be beneficial to your business and helpful! You will most certainly want to keep the IRS updated as to what is your current address. This is important to notify them of this change so you can be ensured to receive any important documents related to your business. For example, the IRS sends important documents such as tax deficiency notices, and you certainly wouldn’t want to be penalized for not paying taxes that are owed. If you need to verify anything with your business ID number you can check TIN number status and use our Irs-EIN-Tax-ID number lookup to obtain your EIN number.
When it comes to updating your address you will need to fill out the Form 8822 to update the IRS of a new current address. Once you do so, you will hear back from them regarding this change, but please keep in mind this only updates the IRS. Other agencies such as federal, state, and local will need to be updated separately by you.
IRS-EIN Tax ID.com can help you through this process and ensure the form is submitted correctly and accurately filled out. The process can take quite a while, even up to 60 days to process, so you will want to do it as soon as possible.
When it comes to running a business, it is crucial to keep all of your documents organized and all of your information up to date. You want all of your information to be accurate so you don’t have any hassles, and so you receive any important notices and documents on time.
If you’re interested in turning your free time into cold hard cash or quitting your day job, in order to work from the comfort of your own home, simply continue reading to discover a variety of ways to make money online.
How to make money online:
As an example, if you’re able to find branded items of clothing at a discount outlet, you may be able to sell the clothes which you pick up at a heavily reduced rate, for a sizeable profit on an online auction site. Just remember to research the items which are currently in demand before going out to source your stock. Also, keep in mind that items from limited edition collections which are hard to source can normally sell for more.
If you see yourself as a lucky individual and are not afraid at taking a gamble, it’s also well worth testing your luck at iLottery as you’ll have the chance to become an incredibly wealthy individual overnight. So if you dream of being able to quit your day job and travel the world or purchasing your dream car, it’s well worth testing your luck at iLottery. As you’ll be in with a chance, to win big! You can learn more here.
If you’re highly interested in quitting your job and working for yourself in the long term, it’s well worth considering learning how to design professional quality websites. As there is no shortage of web design work as almost every business on the planet requires an eye-catching, functional website. Which means that after successfully building a few professional websites, you should have no trouble negotiating future deals with new clients.
Better yet as an online, freelance web designer, you’ll be able to work for clients which are based in a wide variety of countries.
Did you know that you can get paid to give your honest opinion on a wide variety of services and products? If you find filling out consumer surveys fun, you should jump at the chance to complete paid surveys for a wide variety of well-known companies, in exchange for cold hard cash. If you’re lucky you may even be sent free products to test out.
If you have basic office skills, you’ll be ideally suited to working as a remote, digital assistant. Tasks which you can expect to complete as a paid digital assistant include responding to emails, sending urgent text messages to your employer when as urgent email arrives and taking phone calls.
If you’re a fast typist you may also be interested in a digital transcribing position. Which involves either transcribing text from images or transcribing text from audio files.
So if you’re interested in making serious money online, it’s seriously well worth using a few of the six innovative ideas listed above, in order to start making money online!
It’s no secret that Toronto real estate is a complicated market to wade into. The housing prices have been preventing a lot of people from buying for years. So much so that it’s an established fact that lots of millennials, also known as the next generation of homebuyers, can’t afford to buy homes right now.
This is why it’s more important to make the right decisions in case you’ve decided to invest in GTA real estate. You’ll need all the help you can get to navigate your way, especially if you’re a first-time buyer.
Unfortunately, not all of the tips you’ll get will be a good one. Some can be damaging to your finances.
What are these tips that you should avoid? Here are five of the most popular examples:
A lot of people will give you this tip, especially since there are recent reports of the market cooling down. This can be a very tempting option since it means lower-priced homes when the market hits its lowest point.
However, as you won’t know when the upturn will happen, there’s also a chance that you’ll miss out on the best deals. It’s also highly likely that you’ll be competing with very experienced buyers during this time, so there can be more risks for you.
If you’re ready to buy now, why wait longer? There are lots of other ways how you can bag a bargain real estate property, so if you really want the best prices for you, it might be better to try those out instead.
If you’re selling your property, you might also receive this tip from a friend or your very own agent. This might make sense for some people, but a bit of research will tell you that it’s a bad idea.
Why? There’s a good chance that a lot of potential buyers will skip your listing because of the price. Sure, there will still be interested parties, but wouldn’t it be better to attract more of them? Listing your property fairly will always be a better option.
Paying the full price doesn’t mean that you’re not getting a good deal. In some cases, properties can be priced nicely for what they can offer. It can definitely be worth paying the full price if you want to get the property you’re eyeing.
This is one of the most dangerous tips any homebuyer can get. A lot of people advice against hiring home inspectors thinking that they can do it themselves. While there are a few who can get away with this, others will end up with a property that’s full of issues. A professional can help you avoid this, so their services are worthy investments.
This also goes hand in hand with the awful advice that if a property is newly built, it doesn’t need an inspection. This can’t be the furthest thing from the truth. Keep in mind that some builders aren’t exactly very honest about their work. If they cut corners in their construction, the house will have major issues.
Without a professional inspector, you might not spot these problems. Some of them will be costly to fix. So even if you get to save from not hiring an inspector, you might still end up spending a lot for the repairs that you could have avoided in the first place.
Last, but not the least, do not try to take a shortcut when hiring a Toronto real estate agent. They are not made equally. Some will be infinitely better than others so you have to be careful in choosing who to work with.
A lot of people travel on a budget. Even if many are ready to splurge, they might still be looking for ways to stretch their dollar to make the most out of their trip. Because of this, some people might already cross out luxury villa rentals from their accommodation options.
This shouldn’t be the case, though. Here are a few reasons why splurging on accommodations can be a good idea:
Living like kings would best describe what comes to people’s minds when luxury getaways are planned. And how else can you do that than with a team of skilled staff who will take care of your every need?
Hotels offer such services but you can also expect the same from the best luxury villas. What makes the latter better is the fact that you have the team all to yourself in most cases. So if you really just want to kick back, relax, and skip all the chores and hassles of your everyday life, these accommodations would give you what you need.
Booking multiple rooms in a busy hotel can be a hassle. By opting for a villa, on the other hand, you can take the whole family on a vacation with less hassle. You won’t have to worry about having to look for a hotel that can accommodate everyone or splitting a huge group into smaller ones. You can find luxury villas that can fit all of you under one roof, so it’s definitely a more convenient option for large parties.
Most luxury villas will take your breath away. From the architecture to the location and vistas available inside the house, you can expect to be stunned by these properties. This alone makes them worth the money. Combined with everything else on this list and it’s easy to see why it’s a worthy splurge.
If you’re lucky, you might even get additional bonuses from booking a rental villa. Some have direct access to a private outdoor space like beaches, viewpoints, and gardens. It all depends on where your holiday is. But no matter where the location is, there will always be something special about a luxury villa.
If you’re paying top dollar for a property rental, there’s a good chance that everything about it will be stellar. You won’t be presented with an unfinished driveway or a bare bathroom.
These places have their reputations to uphold. So if you’re paying good money for your stay, you can count on the villa to impress you.
As you don’t need to share the building with complete strangers, villas tend to be very private. So if you value your privacy or you really don’t want to be around other people on your holiday, luxury villas will suit your needs.
Want to bring your beloved pet on your getaway? Lots of hotels won’t allow your pet inside their suites and guest rooms as a courtesy to their next guests. They will offer their own pet hotels, however.
This defeats the purpose of taking your pet with you if they’ll be kept away from you the entire time. There’s a good chance that you won’t be able to spend a lot of quality time with your pet if they can’t stay with you inside your suite and most public areas inside the hotel.
Villas, on the other hand, will allow your pet to be brought along. This helps make these properties feel more like your home away from home. They will let you enjoy a lot of similar freedoms that you have at home.
These are just a few of the best reasons why splurging on one of the best luxury villa rentals. But if you’re traveling in big groups anyway, they might turn out to be more economical and hassle-free options. Check them out and what they can offer to see for yourself whether it’s a good fit for your trip.
Many people dream of getting rich quick and to the uninitiated the stock markets can seem like a place to make your fortune; however, unless you have some kind of financial background the various stock markets and funds can also seem quite daunting.
The simple answer when it comes to investing is that there are no easy routes to guaranteed success. The whole premise of a stock market is that the value can go down as well as up – if it were a simple way of building a fortune then everyone would be doing it! But the fact is, with some research and dedicated ambition you can make money by investing. You just need to know what you are doing.
If you are worried that the global recession has affected your ability to make money, then you are looking at the situation in the wrong way. The crashes that the financial world experienced in 2008 and 2009 had long reaching effects but if you are in a position to invest then the best time is when a market is at its lowest. The only way from there is up. With careful control over how you invest you are in the right place to make money from the markets.
Potential money makers
Some of the most successful investors have made their fortunes by concentrating on the basics. Stock markets will always fluctuate but the products that people rely on are likely to be the most successful companies. And if they are successful that means their stock will rise in value. Keep an eye out for name brands and think of them as investment opportunities. You can then relay that information into the markets where they are likely to figure. The downside to this is that if the product is historically successful you may well have to buy high to get in at all.
There are many investors that live by the idea of diversifying. Giving yourself some room to take in loses by spreading your investment is good for the more risk averse and therefore is seemingly ideal for beginners. The markets don’t have to be low either so there is the potential for making money.
An index fund is a great place to invest in this manner. It is a fund that replicates a particular index of stocks or some other investment type. Once you have chosen the type of index, the fund makes the money, as you are investing in the index not the stock. This can be a relatively inexpensive way to invest but if you are likely to be an active trader then the costs can mount up.
Know your investment differences
They may seem very similar to investment beginners (and that is because they kind of are) but exchange traded funds (ETFs) could be an even better move for you if you are looking to get into investing. The main difference with ETFs is that they are priced to the market throughout the trading day. The advantage of this is that they can be bought and sold rapidly. Admittedly, that may sound risky as a new investor, but it does give you more freedom.
The extremely low cost in running an ETF is a huge plus point (index funds can cost around double) and as long as you are not trading recklessly there is great potential here.
How to invest
You may want to use brokers to do all the dirty work – and that is absolutely advised if you have little or no experience of investment. If you become as successful as the well-known investor Sigurður Bollason you can use your expertise to invest in a variety of ways – always looking for a venture that can be bought and sold for profit.
For now, even just a simple introduction to the stock markets and funds is ideal – especially for the young. To have some idea of the way the world of finance works eliminates the mystery and exclusiveness that has made some people think that it is not for them.
You may not make millions immediately but with a little bit of research and some hands-on experience there is potential in the markets – even for beginners – to make money. And it doesn’t have to be too risky either.
No matter the place you are, there are certain rules you have to abide by. If you want to visit a tribe in Equatorial Guinea or deep in rural India, you first of all need to research and know how to conduct yourself when you reach the place. You do not want to be attracting all the attention simply because you are doing stuff that is foreign to the inhabitants of that place. The same applies to casinos, well at least if you limit yourself to online casinos you may probably not know the etiquette required by a casino but if you happen to visit a land-based casino, you need to be well aware of the do’s and don’ts so as not to attract unnecessary attention from other players and casino staff.
Know the rules
If very important that you learn the rules of the game of your choice before you decide to sit at the table and embarrass yourself. For example, if you do not know how to play a game, such as poker, it would be ideal to look up how to play prior to going to the casino. There is nothing more annoying in a casino than a fellow who keeps asking for instructions in the middle of the game. Honour yourself by doing some research and knowing the ins and outs of the game before playing. You can do this in a number of ways including by playing at an online casino and learning all the tricks before making your land-based casino adventure. You can alternatively watch a game as other pros play i.e. if you are in a casino that allows such behaviour and if the players are comfortable with that and also you can get yourself a chair at the beginner section of the casino if the casino you visit offers a beginner’s table.
Know your chips
When you sit at the table, it’s no longer about using the Pound, Euro or the US, you all will be talking in terms of casino chips. This, therefore, means you need to be aware of the value of each chip. There are generally three types of chips you will encounter on the table, there is the black chip which on average has a value of $100, a green chip on average worth $25 and a red chip worth $5 on average. Also, keep in mind that it’s rude to ask for your small chips to be converted into one larger higher value tips for instance if you have 5 red chips, they equate to one green chip but never ask to convert your chip at the table. The only place you can do this is at the dealer’s table when cashing out.
Avoid smoking and drinking
Casinos, in general, do not restrict smoking nor drinking as they know that a majority of players indulge in those activities. However, they also know that they are those players who neither smoke nor drink. In order, to protect non-smokers and non-drinkers, they prefer people who are considerate when drinking i.e. those who drink not to get dangerously intoxicated and those who smoke at longer intervals. Though your casino may allow you to smoke and drink, it’s advisable not to indulge in any of these activities while at the table as you might get in the way of other players and end up inconveniencing them.
When it comes to your children’s birthdays, it’s all too easy to throw money at the problem of unique gifts without giving much thought to the memory. That’s why it’s important that you don’t think of children’s birthdays as a chore, and rather as an opportunity to bond closer to your family and create those memories that will last a lifetime. With a little planning and some consideration of your child’s age and personal interest, you could be working towards building a day full of fun and emotion that is far harder to forget than simply handing over the latest trending toy. Think outside of the toy box, and use these ideas as a springboard to creating the very best in unique birthday experiences.
For the Harry Potter fan
If your child is a bit of a Harry Potter fan then your birthday present buying is a lot easier. From toys and ornaments by official suppliers, to themed parties, it’s easy to find things to buy and activities to do that will be far better than they could have dreamed. If your child is turning 11, then that’s the perfect age to go full-on Potter crazy, and you can tie-in anything you plan with the fact that 11 is the age that children start at Hogwarts. Get some cheap prices on Ticket Sales and take the budding wizards and witches to the latest showing of Harry Potter and the Cursed Child, and you’ll never have to worry about raising a muggle ever again.
A night at the museum
It’s one thing to take the kids along to a museum, but what about spending the night there? No matter where you are in the world, it’s easy to find a museum that offers sleepover nights for younger audiences, and we all know that children love a sleepover. Sleep in the shadows of dinosaurs, wander darkened exhibitions and enjoy the atmosphere. Not only will it be exhausting for the younger birthday boys and girls, it will also provide endless conversation and discussion. Spending your time with your children is the most important gift that you can give and by combining time and interests, you can’t fail to win parent of the year. Check out your local museums, and if there’s nothing yet available, chat with them about the possibilities.
Nurture their talent
No matter how old your child may be, you can be fairly certain that they have an interest in being famous. They probably don’t even know what they want to be famous for, but between Instagram and YouTube, children are obsessed with getting rich for being themselves. Although this could be unhealthy, you can turn that into a positive by showing them some behind the scenes fun at a TV station or radio station. If you have a child who simply loves to talk, get in contact with your local radio station and find out about spending the day there. They might even let your child go live on air, and that is an experience that will never be forgotten.
Never forget that you need to tailor the birthday experience to the interests of your child. Think of the unique, and you might just end up bringing the whole family closer together, and that’s much better than handing over a gift that will be forgotten in a week.
Are you thinking about buying a used car? Buying a car that’s used is a great way to get what you want without spending a lot of money. However, you might be wondering what you need to do to go about buying a used car. This is not a complicated process, but it is important to follow certain steps in order to get the best results. Let’s take a closer look at what these steps might include.
Set a Budget: Obviously, the first step to buying a used car is deciding how much you want to spend. If you are unable to fix a budget, you can easily end up paying more than you really wanted to. It’s also important to decide how you’re going to pay for the car. Are you going to use cash, or will you take out a loan? This can have a major effect on your buying decisions. Therefore, it’s best to figure out these things as early as possible.
Decide Which Car You Want: When deciding which car you want to buy, it’s best to consider what you’re needs are. Do you have a family to take care of? Is safety your biggest concern? Or maybe you’d like to take this opportunity to buy a luxury car that you otherwise couldn’t afford. These are a few of the things to keep in mind when making your decision.
Find a Dealership: Although classified sites such as Craigslist have become popular places to search for used cars, you have to beware of scammers. Going to a reputable dealership like Sandown-group is still your best option. This way, you know you’re getting something that’s dependable at a fair price. If you’re looking for a Mercedes Dorchester, used cars are easy to find. Simply visit the Mercedes-Benz of Dorchester for beautiful luxury cars that can fit any budget.
Check the Vehicle History Report: This is one of the most important steps in the entire process. Since you’re buying a used car, you want to know how well it was taken care of by its previous owner. By checking the car’s vehicle identification number, or VIN, you can learn everything you need to know about the car’s history. This way, you’ll know if there’s anything you need to be aware of before you commit to buying a car.
Negotiate a Price: By now, you should have a good idea of what the car is worth and how much work it might require. Now it’s time to negotiate a price. Odds are, the seller is going to ask you for more than the car’s average market price. It’s best to start low, but not so low that the salesman thinks you’re not serious. If they make a counter offer, you can either meet them in the middle or gradually increase your offer by small increments. Eventually, you will settle on a price you can both agree on.
Now that you know what you need to do to buy a used car, it’s time to get started. Start setting your budget today, and soon you will own the car you always wanted.
Small business owners know best that every penny counts in its day-to-day operations. In adopting that philosophy, your ability to minimize taxes could be one of the primary factors in managing a profitable business versus one that is just barely getting by.
Sure, taxes take time. We understand that. However, it’s important to invest just a little bit of time in your taxes in order to ensure that you’re putting as much money as possible back into your pockets. Ultimately, it’s not how much you make, but rather how much you save.
CBS Business Consultants have generated the following five tax-saving tips for small business owners.
Utilize Tax Software
There is no doubt that using tax software to your advantage should be a no-brainer for small business owners. Not only will software programs such as Turbo Tax make completing your taxes easier, it will actually save your business a great deal of money as well.
In this day and age, don’t be afraid to veer away from paper and pencil tax preparation. According to the IRS, errors occur in less than one percent of online tax returns. That number is much higher with paper returns.
Track Your Spending
While tracking your spending may seem like a daunting task, it is of utmost importance. There are many credit card companies that will provide you with a “year in review” while laying out all of your transactions. Convenient, right?
Yes, online banking is easy and relatively seamless. However, there is still room for error. Consider using helpful software such as Quickbooks or Quicken. This will allow you to exploit all deductible expenses.
Fund Your Retirement Accounts First
Think about all of the retirement planning options that self-employers have. As a small business owner, you’ll have access to a Traditional IRA, SEP IRA and a 401(k). With this, you’ll be able to sock away as much as 55k per year. Taking this a step further – with a 401(k) Cash Balance Pension, you could potentially save up to 150k annually.
Contributions to these plans are tax shelters and these deductions will significantly lower your tax bill.
Use Your Home Office to Your Advantage
Do not be afraid to deduct your home office from your taxes. If you work from home, it’s at least worth looking into as it can really save you a large sum of money.
Include Your Auto Expenses
Whether or not you are aware of this, you’re allowed to deduct auto expenses when you car is used for business purposes. Consider what percentage of your car’s mileage is used for business purposes; you can apply these auto expenses to your taxes.