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Video Game Business: How Owners Create a Financial Plan for Success in College

Posted on Nov 14, 2018 with No comments

Nov 14, 2018

The video game business can be a pretty competitive and fierce one. If you own any kind of business that specializes in video games, then you need to focus on achievement. Establishing a smart and effective financial strategy can help you do so as well. Rock-solid financial plans can help take video game companies to the next level.

Look into Any and All Funding Avenues

Video game business owners sometimes make the mistake of assuming that credit cards, saving accounts, family members and close buddies are their sole funding avenues. That isn’t the truth at all. If you want to establish a financial plan that can get you on the right track, you should look into available loans. It can also help to consider equity that you can use in conjunction with services or products.

Make Asset Diversification a Priority

Strong asset diversification practices can be priceless for video game businesses that are looking for achievement. It can be wise to put together an investment strategy. It can be even better to orchestrate the strategy in a manner that’s both efficient and organized. This can pave the way for business owners who wish to put their energy into in-depth leadership and beyond.

Emulate Fellow Video Game Businesses

It can help to have a strong role model in your life. If you have video game business competitors that are doing well, you should use them as role models of sorts. Think about aspects of their financial plans that are clear and apparent to you. 

Figure out what you can emulate in your own business as well. It can even be a wonderful idea to see if you can improve and expand upon their existing methods. What works for them may work just as well for you. If you notice a business like Xsolla, that offers online payment options to customers, research the situation.

Concentrate on All Liquidity Matters

There are businesses that seem to be doing well from a distance. That doesn’t mean that their assets are highly liquid, though. Enhancing the flow of cash can be excellent for businesses that wish to expand greatly. It can assist businesses that want to get attention from possible investors as well.

If you want to soar in the massive world of video games, you have to have a good financial plan of action in place. There are numerous options that can make video game field achievement a lot more realistic for companies. Look into them all now.


Cash and Credit: What to Do When Your Pocketbook Needs a Little Polishing in College

Posted on Nov 6, 2018 with No comments

Nov 6, 2018

There are lots of reasons that you may want to improve your financial situation. If you want to be able to make a large purchase, such as a house, you have to be able to qualify for a home loan. Here are some of the ways that you can polish up your pocketbook.

Evaluate Your Status

Your financial health involves more than just your checking account. Credit scores, employment status, and other sources of income also need to be factored into the equation. Another thing that you’ll need to take into consideration is your debt load.

This includes student loans, outstanding credit card balances, car payments, and mortgages. All of these factors work together to determine your overall financial health.

Limit Credit Purchases

Some credit can work to your advantage in order to build up your credit score. The caution with taking out too much credit is that you might not be able to pay it back right away.

This can lead to a decline in your credit score or even cause you to accumulate bad debt. The best rule of thumb is to only spend the amount of money on credit that you can pay back within the same credit cycle. This will work to build up your credit score.

Seek Financial Assistance

There may be times in which you don’t know where to start in order to repair your financial situation. Work with a credit repair company that offers fast credit score repair services so that you can get off to the right start.

Another solution is to sit down with a financial planner so that you can start the process of preparing for the future. It’s not a failing on your part to ask for help. Many people need a little bit of guidance when it comes to maintaining the health of their financial situation.

Establish a Workable Budget

You may have heard that having a budget will help you to stay on track for your financial goals. There is no one way to develop your budget. The basic outline is that you have to be able to pay all of your monthly expenses with the income that you’re generating.

Setting aside some extra income for a savings account each month will also help you for those larger unexpected expenses. You may need to cut back in some areas in order to get back on track.

Taking the time to polish your pocketbook now will help you in the future. Use these tips so that you can reach your financial goals.


Managing Your Strategies For 529 Plan Withdrawals

Posted on Oct 24, 2018 with No comments

Oct 24, 2018

Perhaps you have a daughter or son going off to college and have actually started paying the costs. Hopefully you have been saving for a long period of time for this moment and are just deciding the very best method to pay for college. One of the very best ways to save is a  529 plan.

There are rules for withdrawals from these strategies that you need to understand. Because the funds inside the plan were accumulated tax-free, distributions from the plan are also tax-free if they are used for certified expenditures. This indicates that they are completely totally free from federal income tax and may also be exempt from state income tax.

Qualified costs include tuition, fees, required books and supplies, and room and board (presuming the student is attending at least half-time).

Computers and associated equipment and the additional costs of a "unique requirements" recipient are likewise thought about. Qualified institutions include any college or graduate school in the United States or abroad that is recognized by the Department of Education. Moreover, as part of the Tax Cuts and Jobs Act, as much as $10,000 annually can be utilized for K-12 tuition expenditures.

Some costs that a person might believe are certified in fact aren't. Here is a list of a few of those expenses:

  • Fees for athletics, sports clubs, or school-sponsored groups
  • Transportation expenses to and from school
  • Payment of student loans
  • Medical insurance

Room and board is a classification that requires more description. The costs in excess of the amount the school consists of in its "cost of attendance" figure for federal help purposes are not qualified. If the student is living off campus, the school's cost of attendance ends up being the maximum quantity eligible to be withdrawn tax-free for rent and groceries.

If you are not sure of an expense, check with your plan administrator.

Read the guidelines thoroughly. A nonqualified withdrawal is any withdrawal not used to pay the certified education expenditures detailed above. If you take money from the account to pay for medical bills, you are making a nonqualified withdrawal.

The earnings portion of any nonqualified withdrawal is subject to federal income tax and a 10% federal penalty. There might be a state penalty and income tax, also. The primary portion of your 529 plan withdrawal is exempt to federal tax or charge.

To make the most of the usage of 529 plan funds, it is very important to collaborate your withdrawals with the education tax credits (American Opportunity credit and Lifetime Learning credit). The reason why is because the tuition costs utilized to get approved for a credit can't be the same tuition expenditures spent for with tax-free 529 funds. This would be, in impact, double-dipping.

Also, remember that if you accidentally take too much money out, you can still put the excess back into a various 529 plan so that the quantity is no longer treated as a distribution. There is a 60-day rollover window to do so - just make certain you have actually not rolled over that child's 529 plan account within the prior 12 months. If you have done so, this strategy will not work. If you are outside the 60-day window but within the very same fiscal year, you may have the ability to prepay next semester's expenditures.

While the IRS's publications and tax forms don't state that the withdrawals drawn from a 529 account must match the payment of certified costs within the very same tax year, it is best if the expenses are the same. The IRS has actually suggested it will make proposals to adopt this rule.

When thinking about the complicated nature of 529 plan rules, we recommend you check with your personal tax preparer prior to making your 529 plan withdrawals.


Financial Advice for the New College Freshman

Posted on Oct 14, 2018 with No comments

Oct 14, 2018

All across this wonderful country, college campuses have welcomed a new class of freshman. These students arrived with a lot of things, but money literacy was probably not one of them.

If I could devote a little time with these awesome students, this is what I would try to squeeze into their heads and then pray that it gets in their hearts:

A budget plan is your friend

That shows you 1) have a written projection for how you are planning to allocate your hard earned cash 2) you use that written strategy like you would a road map, referring to it often, and 3) you use a site like or a pencil and paper to record how you spend every nickel.

Sallie Mae has a monthly spending plan worksheet you can print out to help you approximate your costs and keep costs in control. Do not try to do this keeping-track matter in your head. You are amazing, however don't push it!

Get a totally free checking account

It's not easy nowadays to get free checking accounts with no strings attached-- no monthly service charge, no minimum balance requirement and no minimum deposit. But lots of banks like U.S. Bank offer free student accounts that match these criteria.

Explore banking options in the city where you will be going to school, or find out if the bank or credit union that your parents currently use offers free college student accounts and has a branch near the university.

Credit card debt

Do not be ridiculous. Credit card personal debt-- a balance owing that you roll over from one month to the next, paying just the minimum required plus interest-- has the capacity to sink your ship. Think of it like cancer. In the beginning it's simply a small thing that's not that huge of a deal. But then it begins to increase, and if it's not dealt with promptly, it will do horrible things in your future.

Deal with cash

Your age group has been somewhat brainwashed to think that plastic is the only safe method to pay for things. That may be true if you purchase things online, but in general it is just not correct. I do not have the time or space to enter into a long commentary on the subject.

Simply believe me when I advise you that using cash-- currency, greenbacks, dollars, coins-- will simplify your life and keep you from spending too much.

Eat your food plan

If you or your parents have paid for the school meal plan, you need to know how many dinners are covered and after that do something remarkable: essentially eat those meals. If you're enjoying pizza in your dormitory or driving through Burger King as a substitute, you're just tossing away hard earned cash. It might feel cool to spend your money like that now, but you will regret it later on.

Don't end up being a Starbucks regular

I want to say not ever, but I'll compromise a bit on this one. Honestly, the coffee at Starbucks or Coffee Bean or any other fashionable coffee house is so high priced it almost makes me choke.

Allow your grandparents and others understand just how much you enjoy Starbucks gift cards. They are anxious to find out what they can send to you while you're away. Then use the gift cards instead of your money.

Imagine it: If you shell out $3 a day at Starbucks, that's $90 a month. On coffee. Multiply by nine to see just how much you'll purchase in an academic year ($ 810). You don't want to spend your cash that way. Buy an economical coffee machine as an alternative, and make it on your own in your apartment.

Buy used course books

The expense of brand-new books is going to be so shocking it will make you want to chew your hair. Anyone can cut that cost in half at least by purchasing used books on the internet or maybe renting them.

Keep searching

Students who could not secure a scholarship for the fall term shouldn't give up. Many scholarships have spring deadlines, so continue your search throughout this academic year and next year. Simply keep applying.

Take these fundamental money concepts and apply them to your daily life starting now. You will not ever regret it.


Credit Card vs Debit Card – What Are the Differences?

Posted on Oct 12, 2018 with No comments

Oct 12, 2018

In today’s world, both credit and debit cards are popular among people of all income groups. However, many often get confused about the difference between a credit card and a debit card. This can further lead to poor financial decisions if the user isn’t sure about which one to choose and when to use.

Nowadays, credit or debit cards are used for nearly any kind of purchase or financial transaction. Offered by several financial institutions across India, both these electronic payment cards serve the purpose of eliminating the need to carry physical cash.

A debit card uses your savings while credit cards put it against your line of credit. Credit cards come with comparatively more offers, discounts, etc. than debit cards that can be availed easily. Also, a debit card is only available if you have an existing account with a financial organisation. Whereas you can be a credit card holder even without having an account.

There are a few more differences between a credit and a debit card. Let’s take a look.

Available funds – Debit card can only access the funds available in a savings or a current account of the user. It limits the amount of money one can avail.

A credit card is a type of unsecured loan which fetches credit from the lender. This gives access to instant funds whenever there’s a cash crunch. Also, credit cards have a pre-set limit, and one can avail finance up to that specified amount.

EMI facility – Generally, debit cards cannot be used to avail EMI facilities. However, many financial institutions provide affordable EMIs on credit cards. Some even allow users to divide their credit cards bills into easy EMIs.

Repayment method – If you are using a debit card, you won’t have to repay anything to the financial institution. On the contrary, a credit card due needs to be repaid within a due date every month. However, a borrower enjoys the flexibility to repay the amount within a certain time period with no interest levied.

Monthly statement – Since debit card deducts the utilised amount from your account, no statement is issued separately. In case of credit cards, however, users receive a monthly statement with details of every transaction. It includes purchases, total outstanding credit, minimum due amount, due date, available limit, etc.

Access to cash – You can withdraw money from ATM using your debit card for a limited number of times without any interest, transaction fee or service charge. Credit cards generally levy charges for ATM withdrawals.

However, with a nominal processing fee of 2.5% of the withdrawn amount, it offers interest-free ATM withdrawals for up to 50 days.

Eligibility criteria –A savings account is mandatory to own a debit card and you will need to meet a set of eligibility criteria to apply for and avail a credit card. These include an applicant’s CIBIL score, debt-to-income ratio, existing customer portfolio, etc.

Fraud liability – Financial institutions offer little to no fraud liability in case of a debit card. On the other hand, credit cards come with high fraud liability and also provide insurance in case there has been a misuse of your card. It also covers loss in case of a theft.

Both credit and debit cards have their individual advantages. However, more and more people are opting for credit cards because of their high limits, instant access to funds, and the option to repay the amount with convenient EMIs.

Now that you know the difference between a credit card and a debit card, utilize them wisely for better financial management.

Author Bio:

Gaurav khanna is an experienced financial advisor, digital marketer and writer who is well known for his ability to market trends. You can find Gaurav on Linkedin.


College Planning Basics

Posted on Oct 10, 2018 with No comments

Oct 10, 2018

As a parent, there are lots of things to think about as your child grows-- day care, after-school activities and duties in the house, among others. Often, it's tough to get past preschool, not to mention think about the teenage years. Amidst the bustle of daily life, it's easy to postpone preparing for college till that time. But professionals caution against that strategy.

Whether you've simply begun a household or your earliest remains in high school, there are lots of actions to bring the way to ensure the entire household is prepared for a post-secondary commitment.

Academic Planning

It's never too early to begin the college conversation with your kid, said Andrew Wiggins, director of trainee interactions and marketing for the College Board, a nationwide organization that assists students prepare for post-secondary school.

" Talk to your child about what they have an interest in," Wiggins stated. "In intermediate school, or perhaps younger, speak about the fundamentals of college. What is it? Talk about what college is and what they wish to do."

Assessing interest in different fields or profession paths can lay the groundwork for what courses your child must take. That applies whether they're considering a college or a trade school. As advanced classes continue to drip from high school to the intermediate school level, you may discover yourself thinking about setting up problems as young as sixth grade.

" Preparation looks various depending on your objectives," stated Megan Johnson, a school therapist at North High School. "I suggest backwards preparing. Look at high school as a roadway map. You need to find out your destination before you get there. If a trainee understands at an early age they wish to attend a competitive school, take classes that will put them on track for difficult classwork."

Garien Samson, director of undergraduate admissions at Western University, stated colleges try to find candidates who followed a strong core curriculum. Having a well balanced schedule of classes, such as life sciences, math, foreign language and social sciences, is key. Help kids establish strong research study habits in middle school, so they are gotten ready for the rigors of high school and after that college.

As soon as a student reaches the 2nd half of high school, it's crunch time. A lot of counselors suggest students take the ACT or SAT college admission test a number of times beginning in their junior year, so there's time to enhance their scores. (Both examinations have variations younger trainees can require to get ready for the real thing.) Start checking out colleges no behind junior year. Prime time for submitting applications is fall of senior year.

" The best thing a moms and dad can do is be supportive," Wiggins stated. "It can be a little demanding for trainees, so be their champion and assistance make things easier when you can. ... It's really important. Make certain that when they hit those big milestones, you commemorate."

Financial Planning

Prior to parents begin to put money in the bank for college, they ought to think about if and how they want to help.

" Step back and believe, 'What do I desire to do?'" stated Ben Hoskins, a Certified Financial Planner at Choron, a company that offers wealth-management and other services. "It's various for everybody, and it is shaped by what their parents did for them. Some people, regardless of monetary ways, are determined and will do whatever it takes to pay for their kids's college. It's the pay-it-forward mindset. Others will offer a tough dollar amount. The main piece of advice I constantly restate, presuming you are starting early on, is to create a process and automate that process."

Among the most common ways to start conserving is through a 529 strategy, an account specifically established for college costs that offers tax benefits. "A lot of companies will provide you a payroll reduction right into the account," Hoskins stated. "If you automate it, it does not do something about it on your part to stay with the strategy."

Hoskins, who has 3 kids, suggests that if moms and dads haven't considered saving prior to a kid's very first birthday, it's a fun time to start.

A 529 strategy likewise works if a family has multiple children, given that parents are constantly the account owner and the kid( s) are exclusively the beneficiary. If your earliest goes to a trade school and does not require the cash, you can shift it to your youngest kid who wishes to go to an Ivy League university.

Megan Rodson of Claytonville said she and her other half, Michael, starting checking out college savings when their kid, Owen, now almost 2, was born. "We checked out the 529 strategy, but we chose we 'd rather opt for a strategy that permitted more flexibility and for the funds to possibly be utilized for a nontraditional path," said Rodriguez. "Instead, we chose an entire life policy through New Leaf Financial that we can contribute to every year. At 15 years, we're able to withdraw the funds tax-free."

Along with savings, don't forget that scholarships and financial help can have a huge impact on college expenses. The FAFSA (Free Application for Federal Student Aid) is available for households to file in October of a student's senior year, and determines the loans and grants for which a trainee is eligible. A lot of high school assistance offices know on in your area offered scholarships.

" If you're in a scenario where your kid is a sophomore or junior in high school and you have not saved for college, the focus needs to turn toward educating yourself on what monetary aid is possible," Hoskins stated. "That can form discussions on what college options are readily available."


Learning Time Management For First-Year College Students

Posted on Oct 4, 2018 with No comments

Oct 4, 2018

Ever lacked time for something that needed to be done?

If you responded yes, possibly you had problems handling your time effectively. Time management can show you how to maximize your time in college.

Time management is just one of the most essential skills a university student can learn. You ought to be active with your studies while, at the same time, balancing it with an on-campus social life.

You have been accepted to the college of your choice, with hopes of meeting new friends and being successful in your classes.

Entering university is the simple part, however the hard part is finishing it. College can be enjoyable however at the same time discouraging, especially if your teachers are being too stringent or challenging. You might have believed some of these points when you first visited your college's school:

  • I am overworked. This is excessive.
  • The campus is so big, how will I ever get around?
  • Okay, I am a college student.  What happens now?

Making it in college is not just just how smart you are. It is not how well you test up on examinations, and also it is not about courses as well as studying. Individuals need to socialize; it's part of their human nature. College does allow you to engage, yet you must study as well.

It is very important that you balance your time between interacting socially as well as studying. Some university students study to the point of exhaustion and then some of them do not pass their courses due to stress. But other university students think about the university as one continuous party.

Some students don't like the value of socialization, as well as they do not value the relevance of their education and learning.

You might be smart but it is not the only way to success in university. What is the trick to college success?

Time management is important.

In college you need to balance your life. You need to take care of many things, such as course prep, work, exams, spending quality time with pals, eating healthy, exercising, as well as resting.

Time management is not just about studying, it's about easing the tensions of college life.

Here are some ways you can successfully handle your college time:

Once you are set on the objectives you want to achieve, you should focus on the tasks called for to reach the objective. To complete your goals much more efficiently, attempt to note due dates on your calendar.

1. Try to set objectives. Know what you wish to accomplish and also make those accomplishments your priority. That could be anything, you want to accomplish in a day, a week, a month, or a semester. Identify what your academic objective ought to be.

Defining objectives, will make it simpler for you to concentrate; rather than managing subjects that you assume are easy or difficult. Not organizing causes you to not achieve your goals.

If you have more than one goal, it is important to divide them right into more convenient tasks. Make a list of what you intend to accomplish for one week and also for following weeks.

2. Use extra time constructively. As an example, rather than not doing anything prior to class while awaiting the professor to show up, attempt to get ahead on your course work in that class or other classes. If you are told to write an essay or term paper, use the time to outline the topic for it.

It is a good to divide your time into workable chunks, it will be a good time saver. It also permits you more time to hang around with your good friends. When there is time to work you need to take advantage of it.

3. Time management preparation is for your benefit. The key to time management preparation is just following the plans you already made.

Frequently, students think that they can postpone the agenda until tomorrow. Doing so frequently causes too many things to do the next day, causing stress and anxiety and irritation.

You might have believed that the day is also too brief for you to finish all your job, as well as you may want that there were even more hrs in a day. Those wishes are silly. Therefore, the most effective course of action is to make use of what little time you do have.

Develop a time management timetable to simplify college life, and also to prevent being stressed.

University can be fun, however at the same time irritating, specifically if your professors are being tough on you. It is a great way to organize your time into manageable parts, as well as fantastic time saver. It also enables you more time to be with your buddies. Time management is for your benefit. The key to time management preparation is just getting organized.


3 Worthwhile Safeguards to Include in Your College Savings Plan

Posted on Sep 30, 2018 with No comments

Sep 30, 2018

As your child prepares to enter college or even after your child has already started classes, you understandably may be focused on maximizing the benefits of a college savings plan. Many college savings plans are heavily invested in stocks.

While the stock market historically has trended upward, there is no guarantee that the stocks that you have selected will gain at all. More than that, the market could experience a major correction at an inopportune time, and this could have a detrimental effect on your college savings account balance. There are a few important steps that you can take to safeguard your child’s education nest egg.

Use a State’s College Savings Plan

Many states now offer college savings plans, and these may provide you with reliable growth at a relatively low rate. You may even be able to enroll in another state’s college savings plan.

While the growth rate is lower than the average return on the stock market, the risk is substantially lower in most cases. If your child’s college savings is not currently in one of these plans, it makes sense to take a closer look at what they offer.

Diversify into CDs and Bonds

If you prefer to keep at least some of the child’s education savings funds out of a state’s college plan, consider investing the money in safe investment vehicles. For example, CDs and bonds generally have low rates of return compared to other investment options available.

However, these are safe investments. As you get closer to your child’s entrance into college, it makes sense to increasingly transfer funds into safer investments.

Lock in a Tuition Rate

Another excellent idea is to take advantage of tuition rate guarantees. College tuition rates and fees can increase dramatically over the years. You understandably may want the fund that you have established to pay for private MCAT tutoring, law school tuition or other post-graduate educational expenses.

By locking in a tuition rate as soon as possible, you can help to maximize the use of the funds that you have available. Paying for a child’s college education can be a stressful, challenging experience.

Regardless of the amount of funds that you have available right now, you understandably want to preserve or safely grow those funds. You also want to ensure that they are used in the most efficient manner possible. Each of these tips plays an important role in helping you to reach your goals. Consider analyzing your current diversification efforts as a starting point today.


Investment Tips for Beginners Who Just Graduated College

Posted on Sep 28, 2018 with No comments

Sep 28, 2018

Developing the habit of saving money from the initial years can prove to be a great decision in the long run. Students who have just graduated, look for sources of earning. Some take an internship to gain experience in their subject, while some start part-time jobs to earn extra money.

Converting these earnings into investments requires you to consider some essential pre-requisites. First among those is, concentrating on accumulating enough liquid cash to be able to carry out daily expenses smoothly.

One of the first things you would need to do to organize your finances, would be separating money into savings and daily budget. Newly graduated students have the option of saving for long-term goals such as traveling, and purchasing gadgets. 

Since they are more equipped to take risks, investing dummy money in virtual accounts could be a good start. Such accounts are provided by brokers which students can use to invest in real stocks.

How to Begin Investment?

Start with Exchange Traded Funds (ETFs)

Due to the myriad investment options available to graduates, it is easy for them to get carried away. ETFs are for trading various investing instruments across different companies and have equal amount of risks and gains. Since the minimum amount required to invest in ETFs is Rs. 2000, it is one of the easiest options for graduates who want to start investing.

Moving on to Fixed Deposits (FDs)

Once they have enough experience with investing in ETFs, they can start investing in Term Deposits (Fixed Deposits). FDs provided by NBFCs offer higher returns than the ones provided by banks. This is one of the safest options with almost no risks involved. 

It isn’t affected by market fluctuations and can work as an emergency fund. Moreover, you can choose the frequency of their interest payouts to keep the incoming flow of liquid cash. NBFCs like Bajaj Finance offer interest rate of 8.40% on Cumulative FDs and 7.88% on Non-Cumulative FDs, which can good way to generate effective returns. 

FDs can help you create a corpus over time, that can be used to fund your travel plans or even a professional course that you might want to pursue.

Additionally, you can also diversify your money by investing small amounts in different FDs. As a graduate, you might have financial goals that are short-term as well as long-term. Laddering your FDs can help you fulfill your long-term goals without compromising on the short-term ones.

Investing in Systematic Investment Plans (SIPs)

Another option that you can go for, is investing in SIPs. SIPs can earn you long-term benefits by investing as little as Rs. 5000. If you invest this amount for the next 25 years, you can easily collect around 50 Lakhs as returns. 

SIPs relieve students from the hassle of manually transferring funds, as the money directly gets transferred from their bank accounts. You can even plan and invest according to the period and your risk tolerance for 2-3 different priorities at different intervals.

Mutual Funds

Whether students are receiving stipends from parents or an internship – they can start micro-investing in mutual funds. Even if they earn very less, they can start investing in MFs with as little as Rs. 100. They offer high returns in the long-term. Investing for 15 years in MFs can fetch you a CAGR of 15%, and almost 18%, if you invest for 20 years.


How To Handle Your Money During Grad School

Posted on Sep 27, 2018 with No comments

Sep 27, 2018

If you are planning on going to grad school, then you are going to need to think about your finances carefully. Depending on your current financial situation, you might need to get a part-time job alongside your studies or look for financial aid.

In this article, we are going to give you some tips on how you can save money for grad school. Make sure to keep reading if you want to find out more.

Consider Your Costs

The first way to save money for grad school is to map out exactly the costs that you are going to have. Think about the fees, the money that it will cost you to live on campus or off-campus and the cost of books.

You also might have some unexpected costs when it comes to the applications, you’ll need to spend money taking the GRE and buying study guides for it. Plan for all of the costs and you’ll be able to know where you stand.

Look For Financial Aid

Not everyone can afford college or grad school and so there are plenty of financial aid options available to those students who need it.

You’ll find plenty of information about financial aid online and if you already got some for your undergraduate degree then you might already have something in place for your grad school.

Get A Part-Time Job

Grad school is expensive and for some people, the only realistic option is to get a part-time job. Obviously, this is not ideal as you will want to be able to spend most of your time working on your studies but unfortunately, it is often the only option.

Consider looking for a part-time job that will contribute to your studies in some way. You might be able to get a paid internship that will fund you and give you experience at the same time.

Live At Home

Have you ever considered living at home during grad school? This might be a great way of ensuring that you are not overspending and giving yourself less to worry about when you are at grad school.

If your parents live close enough to your grad school and they don’t mind having you around the house, you could live there for a fraction of the price. Consider living at home if you want to be able to handle your finances a lot better during grad school.

Limit Your Social Life

Although a big part of college is making friends, you might find that you have already had your time to do this the first time around. By the time that you have got to grad school, you will already have friends and you might not need to accept every single invitation while you are there.

If you are willing to limit the amount that you spend on your social life, you’ll find that you have more money to live on and that you will have more time to focus on your studies!


4 Ways to Lower the Cost of Your Home Renovation in College

Posted on Sep 6, 2018 with No comments

Sep 6, 2018

Completing a major home renovation project doesn’t have to cost you an arm and a leg. There are ways that you can work to get your total costs down without having to spend your life doing it. Here are some tips that you can use to lower the costs of your home renovation.

Shop Smarter

There are lots of finishes that look very similar to those more expensive ones. You may be able to find something that looks exactly the same, but costs a significant amount less. Another thing to consider is the time of year that you’re shopping.

Look for additional discounts and savings on the items that you want to purchase. Closeout shops and second hand construction supply stores may also work to your benefit.

Tackle It Yourself

While there are some projects that you might want to leave to the professionals, you may be able to take on some of the tasks to lower the costs. Painting is one of the projects that you may be able to complete on your own. 

The amount of other projects that you decide to tackle will depend on your skill and comfort level. Make sure to do your research first so that you can get the quality of finish that you want and expect out of the job.

Assist with Demolition

It doesn’t take much skill to demolish things. This could be one area that you can work on in order to lower your costs. You might want to think about dumpster rental so that you have some place to put all of the items that will be discarded. 

Cleanup costs can be another big hit when it comes to the overall costs of your renovation project. By agreeing to tackle this portion of it, you may be able to save several hundred, to several thousand dollars.

Schedule during the off-Season

Certain times of the year are slower when it comes to construction. You may be able to get a discounted rate if you’re willing to wait on your renovation project during this timeframe. Another thing to consider is finding a contractor or construction business that’s just starting out. 

They may be willing to offer you incentive to do a little bit of marketing for them. Having satisfied customers is in their best interests as well as your own.

There are tons of other ways that you can lower your renovation costs. Consider what’s important to you in the job, and work backwards from that point.


3 Life Changing Situations You Can and Should Avoid in College

Posted on Aug 30, 2018 with No comments

Aug 30, 2018

Your college years are transformational in many ways. This is a time in your life when you will enjoy many incredible experiences, establish who you are as an adult and take steps to proceed down a desired career path.

However, many people make poor decisions in college that have serious lifelong implications. Some of these situations are rather common, but they all can be avoided if you understand the likely consequences that they may have on the rest of your life.

Poor Classroom Performance

When you are preparing for a big test that you need to pass and that you seemingly will fail because of your confusion or lack of knowledge on the subject matter, it is understandably that you may be inclined to cheat in some way.

This may even be a rather minor form of cheating, but all forms of cheating may get you kicked out of school. In addition, too much partying and failure to devote ample time to your classes can also result in poor grades that eventually cause you to be kicked out. These events can have a detrimental impact on your career opportunities and income potential for the rest of your life.

High Debt Balances

Credit card debt and student loan debt are common for college students. Many college students graduate with tens of thousands of dollars in various forms of debt, and some graduates have significantly higher debt balances than that. It may take years or decades of hard work and maintaining a frugal lifestyle to pay for poor financial decisions in college.

A DWI Conviction

Partying in college is common, and it usually involves heavy drinking and even some drug use at times. When your senses and abilities are impaired, you are likely to make poor decisions. This could include getting behind the wheel while you are intoxicated rather than paying for a ride home. 

If you intend to drink while you are out, it may be better to leave your car at home. Use a ridesharing service to get to and from the event or venue so that the possibility of driving is off the table. 

Hiring a DWI lawyer may be essential after this kind of arrest, and this may be an experience that you can ruin many future prospects even with a light sentence.

Each of these situations are realistic, and they have potentially serious implications on your life. Now that you are aware of the impact that they can have on your life, you can take solid steps to avoid them in the years ahead.


4 Unique Ways to Set Aside Money for Unexpected Expenses in College

Posted on Aug 7, 2018 with No comments

Aug 7, 2018

Even the most prepared people can sometimes be hit with unexpected expenses. There are ways that you can ensure that when these expenses occur that you have an avenue to help you pay them.

Here are some of the more unique ways that you can set aside money for any unforeseen expenses that come your way.

Create a Slush Fund

This type of fund has many different names depending on where you live in the country. You may consider opening up a savings account and putting aside a little bit of money each month as a part of your standard budgeting scheme. 

Some people will leave this additional money in their checking account for those unforeseen expenses. There is no wrong way to create an emergency fund as long as it fits within your monthly budgeting plans.

Have an Insurance Policy

Home owners insurance or even insurance policies for large ticket items around your home may be the way to go. For example, you might want to insure your HVAC unit. This could save you on an unexpected HVAC repair during a crucial weather event.

The point of these types of insurance policies is to minimize the amount of money that has to come out of your pocket at an unexpected time.

Overbudget on Items

Round up all of your monthly expenses in your budget. This includes your utility bills as well as any other type of expense that you have around your home. When you have a surplus for these items, you can put that extra cask into your slush fund. 

This method will also allow you to never be hit with a higher than expected monthly bill. You’ll already have this contingency built into your monthly budget.

Open a Health Savings Account

Medical expenses are some of the highest and most unexpected costs that you may experience in your life. Having a HSA account can help to minimize some of the costs that are associated with these types of expenses. 

Some employers will offer you an incentive to open up a HSA account. This could mean that free money is deposited into an account for you to use on your medical expenses.

Being prepared sometimes means that you’ll need to find creative ways to build up your reserves. There are lots of options that you can consider in order to set aside some money for those unexpected expenses in life.


Stay Safe With Good Passwords in College

Posted on Aug 5, 2018 with No comments

Aug 5, 2018

The majority of people should know they're supposed to create strong, unique passwords for each one of their accounts, however not everyone does this. So, the high-profile hacks as well as the thefts of customer data keep on piling up, acting as powerful reminder of the significant need of strong passwords.

Here are some ideas for setting good passwords as well as securing them. Go long and complicated is a good rule of thumb. Though "Password123" could be very easy to recall, it's a disaster when it comes to security. Hackers usually try the obvious choices to start with.

If at all possible, a password ought to be made up of a long string of seemingly arbitrary uppercase as well as lowercase letters, numbers, and symbols, says Dan Wiggins, vice president of digital risk for the cyber security firm CyberCo. "The easier it is for you, the simpler it is for the bad guys," Wiggins states. Do not recycle or reuse passwords from your other accounts.

Indeed a tech minimalist has numerous passwords nowadays for every thing from bank accounts to FaceBook. That's a lot to remember, but do not all for the habit using the same password for multiple accounts or to reuse an old fave.

Try a Password Manager

Consider a password manager. If coming up with distinct login credentials for each account is way too difficult, think about using a password manager, Wiggins points out. Services like LastPass, IPassword, and Dashlane will generate long, efficient passwords for all of your accounts, and enter them for you as required automatically so you do not have to remember them.

You'll need to download a software program to your notebook or computer and, if you choose, an app to your smart device. Then swap out your old passwords as quickly or gradually as you like. Activate two-factor authentication. Many sites allow you to activate this setting, which calls for users to enter a second form of identification, like a code texted to a smartphone or a bio-metric identifier such as a thumbprint.

This makes it a great deal tougher for hackers. to access your account, even if they have. the password. Yes, this will slow you down. a bit, yet it simply may be enough to make hackers look for another target. Though good passwords are important,. turning on multi-factor is a must, Wiggins. explains. "Inevitably, that's heading to be the thing that's going to save you."


Debt Defense: Why Even a Small College Fund Makes a Huge Difference

Posted on Jul 25, 2018 with No comments

Jul 25, 2018

The cost of a college education is substantial. While it is unaffordable for some individuals, it is only attainable through the use of student loans for other individuals. Some parents take the initiative to create and fund a college savings account for their children.

If you have taken this step, you may feel discouraged by your limited ability to fully fund the account as desired. Even if your fund’s balance is not at a desirable level, find peace in the fact that even a small college fund can make a huge difference in your child’s future.

Reducing the Impact of Student Loan Debt

Even if you have only managed to save a few thousand dollars over the years toward your child’s college education, be aware that this directly offsets the amount of loans that your student needs to take out.

When you analyze a credit risk monitor, you will see that outstanding debt balances and higher monthly payments are a detriment to your child’s adult life. Your effort to save money toward college keeps the impact of these factors as low as possible.

Mitigating the Cost of Living Expenses

When your student is enrolled in college, he or she will need to pay for living expenses. Some students will take on a part-time job, and this can make it much more difficult to earn good grades while in school.

With money from your small savings fund, living expenses may at least partially be covered. This means that your student may be able to work less and devote more time to college courses and studying.

Improving Your Student’s Life after Graduation

Between the combination of keeping your student’s personal debt levels as low as possible and helping your child to allocate more time toward school work and studying, you are setting your child up for a better chance of success.

Without a college fund, it may seem like life is working against your child. You can see that a college savings fund makes a huge difference in your child’s opportunities and overall life after graduation.

It is easy to get dismayed that your child’s college fund does not have tens of thousands of dollars in it and that it is not sufficient to pay for the full cost of education. However, when it comes to paying for college, every little bit helps. Regardless of how many years are left until your child enters college, now is a wonderful time to focus on funding a college savings account.


3 Simple Changes that Can Help You Get More from College

Posted on Jul 23, 2018 with No comments

Jul 23, 2018

Your college years prepare you for your professional life. The education that you receive as well as your many experiences in college can transform you and may play a critical role in your ability to achieve great things in the decades to come. You may not realize it, but there are a few relatively small steps that you can take to help you maximize the benefits of college.

Improve Your Eyesight

Vision can get progressively worse, and there are times when the progression may be swift. When you strain your eyes by spending many long hours reading books and staring at a computer screen, there is a good chance that your vision will be affected.

Getting regular eye exams throughout college will help you to ensure that you can clearly see written instruction that is provided to you in your classes and when you are at home studying. Be sure to wear your glasses or contacts regularly as needed, and continue this practice in your career after graduation.

Practice Mindfulness

Mindfulness is a practice of being aware of the world around you. In college, you may feel so swamped with study activities that you simply go through the motions without actually putting premeditated thought into your actions.

Reacting to life rather than controlling your life can be detrimental over time. When you practice mindfulness regularly in college, it will become a lifelong practice that serves you well throughout your career.

Choose Your Friends Carefully

The people who you choose to spend your free time with can also directly affect your success in college and beyond. Some individuals may be toxic in different ways. They may drain your time and not be supportive of your goals.

They may have bad habits, such as drug use, that can affect you. On the other hand, some individuals may be a positive influence with their habits and behaviors. They may be focused on staying healthy and improving themselves regularly, and you may be inspired when you spend time with them regularly.

When you think about success in college, you understandably may think about taking the right classes, getting good grades and taking advantage of various research or internship opportunities.

Each of these factors will play a role in how productive your college years are, but you can see that other factors are also important. As you proceed through college, pay attention to how these factors can affect your success now and in the future.


How to Ready Yourself for Unexpected Expenses in College

Posted on Jul 15, 2018 with No comments

Jul 15, 2018

While situations might catch you off guard, they don’t have to throw your whole life into a tailspin if you plan correctly. Consider these four ways you can plan for unexpected situations.

Stick to a Budget

One of the best ways you can manage your finances involves making a budget. Unfortunately, most people are used to living paycheck to paycheck and don’t utilize the beauty of a budget. Every single month, you should know where all of your money is going. Sit down and take a timeout to allocate money for different expenses.

Deposit Money into an Emergency Fund

Many financial experts strongly encourage the use of an emergency fund. You can start that fund with $1,000. As you get yourself out of debt, you should put more into that fund. Ideally, it’d be great to have a year’s worth of expenses saved. If you ever lose your job or experience health challenges, you’ll be able to have the funds to cover yourself for a year.

Take Preventative Measures

You can shore your finances up against whatever life has to throw at you. For instance, if you have a car that breaks down, you should study your insurance plan to learn if towing expenses will be covered through your insurance provider. Preventative measures also include upkeep and maintenance.

You should know how much oil your car needs and how often it needs to be changed. You also need to know when your tires are old and if they need to be replaced. Don’t wait until you’re on the side of the road with a flat tire to decide to get your tires replaced. Stay on top of your maintenance ahead of time and you won’t get caught off guard.

Live Below Your Means

You get to decide what your means are. It’s important to live below them though. Things will happen in life and you don’t want to be in a position where you don’t have enough to cover your required expenses. When you live below your means, you’re able to set some money aside in a savings account. Rainy days will happen.

Just because you get a raise at work doesn’t mean you need to spend all of the money you earn. Take the money that you earn from your raise and put it into a separate account. Put it in an investment account and allow that money to grow. You’d be amazed at how much you didn’t miss it. Plus, it can come in handy when you really need it.

It’s important to note that you don’t want to live a life where you’re constantly looking over your shoulder. No one is out to get you. Don’t live life with the mindset that something will always go wrong. Still, when you set these different plans into motion, you’ll be able to breathe a little deeper. This is because you know that no matter what happens in life, you’ll be covered.


Low Credit Score = Loan Rejection? Not Anymore!

Posted on Jul 11, 2018 with No comments

Jul 11, 2018

You need money but you have a bad credit? Nothing to feel helpless. Turn to bad credit loans.

A bad credit loan sometimes referred to as “no credit check loan” is a kind of loan that is given to borrowers with bad credit ratings. Various financial institutions like banks, online lenders, credit unions offer these loans for people with poor credit.
Bad credit loans are ideal for those with a low CIBIL score. The lender doesn’t verify the credit score of the loan seeker. The lender accords the loan with no check, but at a higher interest rate and with a verifiable income proof.


  • The loan is conceded irrespective of the borrower’s shoddy credit history
  • The loan is disbursed quickly
  • The loan comes with a much higher ROI compared to normal loans
  • The loan gives the borrower a flexible repayment tenure
  • Available for a bigger magnitude of loan amounts


  • No requirement of a good, up to the standard credit history
  • Quick loan approval, sanction and disbursement
  • Available with higher loan amounts
  • Variable and accommodating payback periods
  • Lesser documentation and paperwork 
  • No need to pledge any collateral
  • No chance of seizure of an asset
  • Fixed rate of interest

In addition to their suppleness, a bad credit loan bears a greater likelihood to be approved in contrast to other loans. This helps you to maintain your credit standing. If you repeatedly apply for loans and they end up getting rejected, your credit report is most likely to get impacted adversely.

Read Also - How someone can get loan in spite of having a poor rating


  • The loan terms are unfavourable and primarily set by the lender. Since the loans are granted to borrowers with bad credit and without the consideration of any linked indemnity, the terms and conditions usuallyhinge on the lender’s favour.
  • Bad credit or no credit check loans have much higher interest rates. 
  • The tenure for loan repayment is also very short.

Types of bad credit loans

Loans for people with poor credit are available in two categories:

Unsecured bad credit loan: Here the borrower signs a contract and guarantee repayment of the loan according to its terms and conditions. In the event of a non-fulfilment in repaying the loan, the lender may chase a recovery of the owed amount through collection agencies or legal procedures. Typical examples are personal loans, student loans, and credit cards.

Secured bad credit loan: Here the borrower puts an item like house, car, or jewellery as collateral to fortify the loan. In case, the borrower fails to pay back, the lender is legally authorized to sell the collateral to retrieve the losses. Typical examples are mortgages, car loans.

How to choose a friendly lender?

The first and foremost factor that you and the lender should assess is your ability to afford the loan. A lender who is socially responsible will check your income, your bank statements before deciding whether to approve or reject your loan proposal.

Also Read: 10 Details About Home Loans

If you carry a bad credit score and need a loan, decide upon a lender who provides flexible personal instalment loans, not payday loans. A payday loan can grossly ruin your expenses. Four out of five payday loans get renewed or rolled over. Instead, tie-up with a lender who offers you instalment loans those mainly translate into more affordable low monthly payments and with moderate interest rates and longer terms.

Choose a lender who shows eagerness in regularly reporting your timely payments to the credit bureaus. This improves your sub-standard credit score over a period.


How to Budget Appropriately as You Start Your House Remodel

Posted on Jul 1, 2018 with No comments

Jul 1, 2018

Remodeling a home can be a great way to make it more comfortable or to increase its value on the open market. However, it is critical that you don’t exceed your budget or spend money on upgrades that don’t offer a significant return on investment. Let’s look at some ways that you can create a reasonable budget for your remodeling project.

What Will Materials Cost?

The cost of materials depends on a variety of factors such as the look that you are going for in a given space and where the materials are purchased. Ideally, you will research prices from at least three different online or physical retail locations. It may be possible to save money by purchasing toilets, tile or other goods at outlet retail locations as opposed to national home improvement stores.

What Will Labor Cost?

Labor costs will vary depending on whether you want to do the work yourself or have a professional do it for you. In some cases, it is best to have a professional do the work. This is generally true when you need to have a room rewired or have the home’s entire electrical system upgraded.

An electrician can also come in handy if an emergency situation occurs during the remodel. Electrical contractors should be willing to provide you with an estimate before work begins.

Will You Need to Get Permits?

Depending on the regulations placed by your local government, it may be necessary to get a permit before making significant changes to a home. It is possible that there will be a fee to obtain a permit, and you may also have to pay a fee to have your home inspected as part of getting your application approved.

What’s the Scope of the Project?

As a general rule, the cost of the project will be much lower if there is no need to open up walls, add new ductwork or add an egress. Therefore, if you have a limited budget, it may be best to limit the scope of a project to cosmetic fixes like installing new floors or putting on a new coat of paint.

One of the perks of owning a home is that you get to turn it into whatever you want it to be. By researching the cost of materials and labor ahead of time, you can add living space or upgrade that outdated kitchen without going over your budget.


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