Tips of the week:
1. This new year, fill your eyes and ears with something positive and encouraging and work toward it.
Don't look back. This year, set some positive goals. Put serious and honest efforts to fulfill your goals. With dedicated efforts and self- belief, work towards achieving those goals.
2. Remember that budgets are not only about restrictions rather it is a passport to your healthy financial life!
Budget helps you keep a lid on your expenses. If you have a realistic budget in your mind, you can curb your temptations to spend recklessly. A budget helps you save on a regular basis. It ensures a healthy financial life in future.
3. Learn from the mistakes that you made last year and try to avoid them this year!
Take lessons from the financial mistakes that you did in 2013. Make sure that you don't commit the same mistakes in 2014. This will help you make a confident and financially strong person.
4. Get control of your money in the same way you learned to walk – one step at a time!
You can't become a rich person overnight. It requires a lot of time, efforts and self-discipline to grow rich. With regular saving, patience, self-control and proper money management, you can become financially strong with time.
5. If you want to win with money, then you will have to change how you act. This will help you change your results!
Money begets money. If you can invest your money properly – with right mix of stocks and bonds – you can grow richer. But, you have to be patient and should not expect quick big gains.
Queries of the week:
1. What financial resolutions are you planning to make in 2014?
In 2014, I will try to keep a lid on expenses. I will try to curb my temptation of impulsive purchase. I think this will help me save on a regular basis.
2. How do you plan to get rid of your holiday debt after the new year party gets over?
I will pay off my debts on a regular basis. I will ensure that I don't default in making payments.
3. What are your financial resolutions in 2014?
I will keep aside a certain sum of money as saving every month. This will help me save a decent amount of money in the whole year.
4. What steps will you take to stick to the financial resolutions of 2014?
I will set a budget and will put in my best efforts so that I don't cross my budgetary limits.
5. What are some of the lucrative options to invest money in 2014?
Regarding investment, I will follow a measured and calculated approach in 2014. I will focus more on investing in bonds than in equities.
Active rain posts of the week:
1. 5 Steps single women should follow while taking out a mortgage loan
If you are a single woman, you should not be afraid of purchasing a home. Data suggests that single women account for more than 20% of all home buyers in the country. Being a single woman does not anyway debar you from obtaining a mortgage loan. If you fulfill the eligibility criteria, you have ample chance of obtaining the mortgage loan. If you have good credit score, consistent employment records, zero or less debt loads, you may qualify for the mortgage loan. However, before taking out a mortgage loan, do the necessary ground works.
2. 3 Warning signs before the housing market in 2014
The property market is on a path of recovery. But, there are some distinct warning signs for the market in 2014 too. Mortgage rates are likely to move further up in 2014 and this will increase the monthly mortgage payments made by the home buyers. Moreover, as the mortgage rate is rising and the home price is also rising, mortgage loan has become more costly. This trend is likely to continue in 2014 also.