Three Crucial Tips To Follow Before Applying For A Credit Card This Year

Credit cards are a dime a dozen; bank employees are looking out for new blood either to trap them into a debt cycle or to impress banks with their financial capabilities. A credit card’s usefulness depends whether it fits into the applicant’s lifestyle — a difficult gauge but one that is not impossible to accomplish with these three tips.


Shop the entire market. The first one is the “springboard” that one could return to if the credit card itself is truly compelling for one’s lifestyle compared to the other ones available in the market. Compare the different APRs, late fees and other aspects, such as specialty cards for air travel if one is a frequent business traveler.

Note that credit scores decrease whenever one applies for a new credit card — banks take note of one’s financial attitudes through a credit card. As these scores are the average of all of one’s credit card performance, it would be wise to excel in a few — and not to apply with multiple credit card companies as it shows possible desperation for a line of credit or financing.

Lastly, consider your lifestyle is an important part of the deal. Take the time to see whether the credit card would fit the way one travels frequently for business, makes investments through financing for one’s business or are staying in other countries, which would mean looking intricately at the international fees involved.


Need Some Extra Cash? Try These Mobile Apps Available For Free!

Teach a human to fish and one feeds them for life, according to the immortal saying. Indeed, the Internet has been helping the world’s population find ways to get better income. One could become a virtual assistant, a writer, researcher or anything that involves data management through cloud services. One’s smartphone can even help improve profit margins on a daily basis.

Uber is a specialised chauffeur-on-call style service, but it is quite costly to use daily especially if children need to be dropped off to school. The app HopSkipDrive only hires drivers with caregiving experience. So if a jobseeker is part caregiver, they can earn about $30 an hour and create their own schedule.

Another type of Uber-style chauffeur service is “Wag!” Workers are paid to spend time outside with dogs of strangers and take care of them. Of course, stringent exams on one’s tolerance and temperance when dealing with dogs would determine the applicant’s viability as a dog-chauffeur and Instagram-model companion.

Creative before sleeping? Make money with your creative hobbies using the TisPR. The app needs you to create a profile that explains your skill specialties and could connect you with customers that need people of your calibre when tackling certain creativity-based projects.

Financial Stress The Main Cause Of Shortened American Lifespans

Everyone needs to worry about money at some point. But it does not mean one should often worry about finances all the time. According to a study by Washington University, financial worries are shortening American lifespans.


According to the University Social Work Professor Mark Rank, US life spans have shortened in 2015 for the first time in 20 years and believes financial insecurity has many to do with it. He said the “argument can be made that over time, economic insecurity had [risen] for a number of reasons” and connected it to life expectancy.

He said heart disease, unintentional injuries and suicide are often rooted in high stress levels. These have become leading causes of death nationwide. His first reason for the rising younger deaths is that financially-challenged individuals or families lack the resources needed to seek mental and physical heath.  Counseling @ Northwestern Online Master Of Arts in Counseling Faculty Member James Ruby said people with high stress levels have high health-related illnesses including increased substance abuse.

Stress levels also rise without warning when a financially-insecure family encounters a grave and immense financial fiasco in the form of unexpected diseases, disasters or other types of grand expenses. The likelihood of unemployment even for well-performing employees is a paranoia that may be eating at one’s health as they strive to gain more skills or work more jobs to ensure their financial stability.

Understanding One’s Need For Financial Security By Enhancing The Financial Experience

Everyone wants financial security. The adrenaline present whenever an applicant attends a job interview and winning the job or losing it, the need to work harder and become motivated despite an unrewarding job and putting off one’s vacation to pay for bills are all because of the need for financial security. Some people still spend less on themselves despite having all the money in the world and that may be because they have some financial “baggages” to let go.

Sometimes, it can be as simple as “you do not understand finances.” Therefore, you limit yourself by purchasing less and saving more despite having all the money in the world. Sometimes, some people take care of these financial responsibilities or that you think what you receive is not enough despite already being enough.

Contrary to popular belief, finance is also an avenue for emotional attachment. It is important to seek advice or try new things to ensure that your financial outlook in life does away with those beliefs that do not serve to positively impact your financial behaviour. Inserting new ideas — such as learning more about finance , understanding personal financial accountability or having a finance coach — is an important matter to use moving forward with your financial needs.

Successful Firms Have Taught Their Employees About Personal Finance

Employee first. That’s how Google and Elon Musk did it. Not that Elon Musk is Google though. That’s Sergey Brin.

Anyways, the two companies moved forward because they gave their employees education to widen their horizons about executing their tasks.

To call for personal finance education for employees might seem like dipping into their personal lives. I mean, how a person spends his or her money outside of work is not the employer’s concern.


But money plays a huge role in the productivity of employees and it resolves many of the employees’ problems and can reduce negativity in any company. Money does not brainwash, but it is necessary to live in a world such as ours.

Truth be told, employees could not think that their customers are kings if the person who calls on them to treat them as kings and queens is controlling their income, promotion and job security.

Employees are the first to greet your customers. If they are happily working in your store or business, then these customers will return because of the excellent customer service.

Remember, customers who interact with skilled and talented employees are the ones that succeed.

Educating them on personal finance and addressing their concerns will help them straighten their personal lives, which allows them to concentrate on your business.

A sound idea, isn’t it?

Fareham MP Encourages Early Personal Finance Teaching In School

Here’s an idea that politicians and I could agree with.

The basic idea of education in today’s world is solely focused on the individual depending on the system to survive. While this is not a bad thing, many of the skills taught in schools — particularly certain subjects of interest — are not too useful in the long run.

According to Fareham MP Suella Fernandes, the UK educational system should include the early education of personal finance to children. Increasing the number of financially-literate teenagers and young adults in the country is imperative to help them create sound financial decisions upon their adulthood.

According to the MP’s research, four out of ten adults do not control their personal finances. Further research results suggest over 21 million families having less than £500 in personal savings including those for personal retirement and pensions.

MP Fernandes said:

“Financial education needs to start early on. Attitudes to spending, saving and wealth creation are formed in childhood.

“By the age of seven, most people will have their personal “financial culture”.  There are also so many more opportunities to spend money and more financial decisions to make than previous generations.

“Some children grow up today without having any awareness of coins, paper notes or cheques, as there has been a shift towards an increasingly cashless society.”

Indeed, the system has to change and help everyone understand how to manage their finances as this will help them control their lives later on.


Correcting Your Lifestyle Spending And Avoid Unnecessary Expenses

Contrary to popular social media sentimentalities about travel and “having no time” to do so because of hard work and thinking forward in finance, it would seem the former idea is still winning.

If you’re working hard, have a financial plan for your children and you own a house where you could pay enough to address, you deserve a financial breather, like a vacation to the Bahamas.

If you think of money this way, you may be left with memories rather than money.

Experts have seen a trend among people in their 30s and 40s borrowing money for lifestyle reasons.

“If you borrow for a holiday or to buy nice clothes, sooner or later all you have is memories – and debt,” according to financial adviser Simon Hassan.

“Better to borrow for things that grow in value over time [like a home] or help you improve your income [like education].”

Hassan says people in their 30s should make repaying their mortgage a priority.

“Repaying personal debt is often the best investment option: in effect you earn the mortgage interest rate, with no tax to pay.”

Biggest money mistakes to make in your 30s and 40s

  • Buying consumable items like clothes and holidays on finance
  • Up-sizing your house and mortgage
  • Having no money plan in place for your future
  • Failing to save if you income increases