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How To Create Your Own Emergency Fund

(category: Personal-Finance, Word count: 637)
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Do unexpected car repairs, quarterly insurance payments or unexpected medical bills find you hard pressed to squeeze even one more dollar out of an already stretched monthly budget? These are inevitable expenses and sometimes can put you under a stress condition when you need the cash to pay for these emergencies and unexpected expenses. But if you learn to budget for these emergencies events and save in advance, you will be at a better position to handle them.

Like most of Americans, you may stretch your income to cover the regular monthly expenses, and always choose to ignore or not to think about the brakes that are getting spongy or the plumbing that's beginning to make strange noises. And you end up a surge on your monthly expenses when the brakes wear off and the plumbing break out.

Planning and saving for those events can help prevent an ordinary life from turning into a crisis and can also cut down dependence on credit cards. Not having savings is a major reason people get into debt.

Here are some steps to help you get started to plan for your emergency fund, the "Saving" fund which will help you prevent financial disaster.

1. Identify your irregular expenses

Analyze your pass credit card statement and checking account registers to identify your irregular expenses occur throughout the year. Examples of these irregular expenses are property taxes, insurance premiums, vacations, car tune-ups, holidays and birthdays. List down in a piece of paper all the expenses which are not spent in monthly basis.

2. Write the anticipated amount on the calendar

In most of cases such as insurance premium and property taxes, you will know when the expenses are due to occur. And for those unknown cases such as car repair and plumping repair cost, try to anticipate their expenses and list them somewhat earlier than you actually expect them to come up. Be sure to update your calendar as you discover more expenses.

3. Plan-in the non-monthly expenses into your monthly spending

Based on the foreseen amount and anticipated amount that are captured on your calendar, plan ahead your non-monthly expenses into your monthly spending. For example, you know that your car insurance is going to due on May, set aside small amount of your money for this purpose starting on February. And when May rolls around you can transfer the expense to your spending plan and have money available to pay it. Setting aside even a few dollars each month for foreseeable expenses can prevent larger money woes ahead.

Sometimes, you may find it hard to set aside some extra money from your monthly income; but remember, repairing your car or paying your insurance is not optional expenses and you need to spend it soon or later. So you need to find a way to reduce your monthly expenses so that some money can set aside for emergency fund. You may need to track your spending; then, reduce or cut the optional expenses such as entertainment, dinner at restaurant and other impulse purchase, the money save from those optional expense can be put into your emergency fund.

In Summary

One of the mistakes people make when trying to get their finances under control is not having an emergency fund on their savings account. The problem is that if you don't have money set aside for those unavoidable bills, you inevitably end up adding to your credit card balance to cover the difference.

The bottom line is to start today. It may be discouraging at first if you find that you don't have enough money to fully fund your emergency fund, but you'll begin to succeed the minute you start the process.

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Multiple Streams Of Income Are Key To Staying Afloat

(category: Personal-Finance, Word count: 353)
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In today's society it is practically impossible to stay on top of bills, increasing gas prices and extraneous financial obligations with just one job. What's more, it is becoming increasingly scary to rely on one stream of income because the economy is so shaky. Who knows when that one lifeline will falter? Many people are discovering that the way to stay afloat in today's rapidly fluctuating market is by using multiple streams of income. This simply means drawing funding from various venues.

One venue that many people find convenient to their schedules and their lives is taking part in an Internet business. Since lots of people are only using their Internet businesses as one of several streams of income, they only do it on a part time basis. There are lots of opportunities on the Internet to earn multiple streams of income, including starting an ebay business, taking part in an affiliate program, making contacts for freelance work, and writing and selling an ebook. The flexibility of working a business on the Internet is valuable for many people who also work other jobs, and especially for those with loved ones who need to be taken care of.

Other off-the-web venues that people use as multiple streams of income include real estate, starting a small independently owned business, mail and phone-based freelance work, and childcare. Many of these businesses are owned and operated out of people's homes, which is time effective for people who are multi-tasking.

If you are planning on using multiple streams of income to stay on top of your growing pile of bills, remember that it is important to think about your personal needs as well. Make sure that you still have enough time to sleep, eat, and spend quality time with loved ones. Time efficiency is very important, so think about cutting down on commuting by multi-tasking from home, or by commuting only to one job. Though more complicated than relying on one job alone, using multiple streams of income can be an effective way to ensure your financial stability.

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Do You Have These Frugal Living Habits

(category: Personal-Finance, Word count: 552)
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Frugal living requires skills and ways of looking at things that help you take advantage of the money-saving opportunities in life. The truly frugal person makes these into habits. Six of these habits are outlined below. These are techniques that can be learned in a matter of a day or two, and made into new habits a few weeks. Then they will save money for you for the rest of your life.

1. Frugal living requires a knowledge of values. How can you get a great deal on a car if you don't know what a great deal is. Get in the habit of educating yourself on prices, especially before you're ready to buy anything that costs a lot. It takes a few hours of looking at listings for sale, for example, to know what homes are selling for in an area, but this is knowledge that can save you thousands.

2. Learn from other people. Most of us know someone who always gets the best deal on cars, boats, homes, or even groceries. Why not ask him or her how they do it! One person will tell you that the cheapest coffee in town is $3 per cup, while another will say 50 cents. Ask the latter about coffee shops. People near you are living a good life on half of what you make. Investigate that. See how others do things, and you'll know your options.

3. Frugal living means always looking for alternatives. You might have just as much fun taking a discount trip to Mexico as you would going to Jamaica. Maybe you happen to enjoy pizza more than fine French dining. If so, why not skip the expensive restaurant and call Dominoes. This isn't about sacrificing, but about getting even more of what you really enjoy by paying less for cheaper alternatives that work just as well.

4. Pay cash. What happens when everything you buy costs an additional 20% because of the interest you pay over the years? You can't buy as much! Everything is cheaper when paid for in cash instead of credit. If you want that new patio set, divide the price by the number of weeks you can wait to get it. Set aside that much each week, and buy it for cash when you have the money. Not only do you save on interest, but you'll often get a better price when you pay cash.

5. Learn to do the math. Did you really save $400 on that car if it costs you $500 more in gas each year? Did you know that some stores are cashing in on shopper's assumptions that larger is cheaper? It's true. That gallon of pickles might actually cost more than four quart jars. Make it a habit to do the math if you want to save money.

6. Tell people what you need. Mention it in conversations. Many people get free or cheap things, just because they talk. For example, a neighbor wanted to upgrade her living room debt, and was thrilled that I would take her three-month-old couch off her hands for $30. I sure am glad that I mentioned I was looking for one. You need to make this little trick a part of your frugal living habits.

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Wealth Secrets Of Millionaires Become Wealthy By Not Repaying Your Debt

(category: Personal-Finance, Word count: 501)
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Wealth. Does that sound like a foreign word to you? If you're saddled with loads of consumer debt the way so many Americans are, it is probably a very unfamiliar word. Commercial and consumer debts are the greatest barriers to wealth. And when you're suffocated by thousands of dollars of debt, it may seem impossible to get out.

There's good news! It's not impossible to eliminate your debt and move toward wealth. Most people and small businesses simply don't have a system for paying off their debt, and as a result they perpetuate bad habits and remain stuck in it. By using the proper debt management system, you can get out of debt quicker than you probably imagined with minimal change to your existing lifestyle.

To top it off, there is a system you can use that will allow you to simultaneously create and feed the Wealth Cycle, a cycle of wealth millionaires use to consistently and exponentially build their wealth. In other words, you can simultaneously become wealthy and repay your debt.

Skeptical? I bet you are. But, you'll be surprised at how easy this is.

So what's the best way to abolish consumer debt? Many financial advisors will tell you to scrimp, save and cut back on absolutely everything that makes life fun. They'll tell you to create a very tight budget and then pay off your debt before you can even think about making investments of any type. Sounds a lot like a diet, one that will cause you to starve yourself and your children, depriving them of wealth.

So what does work?

To tackle consumer debt, Loral's five-step debt strategy includes the following steps (explained in considerable detail in her book, The Millionaire Maker):

Create a debt elimination box

Calculate a factoring number

Make a priority payoff box

Use a jump start allocation

Make your debt payments

By using this system, your debt payments start to build as you pay of your creditors, all of whom have been listed in order of priority. Your capacity to pay off your debt accelerates quicker and it does require you to shave down unnecessary expenses, but not cut out everything you love. In short, it's realistic - and mighty effective. You simply have to commit to it.

But wait, there's more to it!

Earlier I mentioned that you can pay off your debt and at the same time actively build your wealth. Remember that Wealth Cycle mentioned earlier? This is where it comes in.

The Wealth Cycle used by millionaires consists of 12 steps:

Gap Analysis

Financial Baseline

Freedom Day

Debt Management


Cash Machine

Wealth Account






It's okay if you don't know what each step means right now. The main thing to understand is that the key to success in using the Wealth Cycle

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No Fax Payday Cash Advance Speedy Cash In Tough Times

(category: Personal-Finance, Word count: 274)
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Sometimes, it happens that you get in some urgent need of the cash even before you have got your salary. A financial crisis doesn't seek your appointment to arise in your life. They keep popping up like the virus alerts on your personal computers. However, arranging a small amount of quick cash for short time duration was never easier than it is with no fax payday cash advance.

These loans don't require you to mortgage your property; hence, there is no fear of losing the collateral you have mortgaged against the loan amount being credited. However, it does not mean you can be negligent towards paying the loan back.


These loans are widely available online and a proper online search may pay you rich dividends by getting the loan with the best terms and conditions. You can even apply to these loans online and the good thing is that the processing of the loan takes place within 24 hours of the loan application.

To avail a no fax payday cash advance you must be a salaried employee. And to confirm this, you must produce a salary slip and your salary bank account number. This is very essential because the whole loan process revolves around your salary check. No fax payday cash advance loans are secured loans in the sense that they keep your post-dated salary check as collateral. When the repayment time comes, the lender automatically withdraws the required amount from your bank account.

Only those people are applicable for no fax payday cash advance, who have a minimum monthly salary of

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Do You Really Need To Buy A New Car

(category: Personal-Finance, Word count: 482)
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I have notice that keep on changing new car has become a trend of today's life in city. People keep on switching to new car for no reason. It seems like car has become a way for people to express and show their status. Every year there are so many new car models coming up. So they keep on changing the car whenever they saw some new models that they like.

I had even heard people saying this: 'Since I need to pay for my installment every month, then why don't I switch to a better new car?' It seems like paying car installment has become part of people's routine life where if they don't pay for the installment, they don't know what to do with the money. Maybe people have forgot that they don't have to pay for car installment if they don't want to.

I know that I may offend a lot of people by saying that buying a new car is not necessary. However what I am saying is not that you cannot buy a new car. But when you wanted to buy a new car, think about why do you want to buy it. Is it neccesary? Do you want to buy it because you need it? Or you want to buy it simply because you wanted to show off to people that you are rich. Do you buy the car to boost up your ego?

For me, I only buy a car when it is needed. When I say needed, I mean that I really need the car. Not for no reason, not for showing off purpose. If my house is located at an area where I have no access to public transports, then I will consider to buy a car. If my old car has too many problems, then I will consider to switch to a new car.

Currently I have a car of 5++ years old. I have no intention to change a new car right now as my current car is still in good condition. I plan to use the car for at least 10 years if the conditions are ok. Actually the car is currently used by my wife to drive to work. For myself I am actually taking public transport (LRT). I have no intention to buy a second car although there is no problem in getting one financially.

With this I can save at least RM1000 per month. I would rather leverage this RM1000 per month for other purpose for example paying extra for my house loan. This way I can finish my house loan faster and reduce the interest. Why do I want to increase my expense to somewhere that I don't really need. I can even use the extra money to do some investment. This will improve my financial situation.

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Credit Cards For Bad Credit How To Choose

(category: Personal-Finance, Word count: 358)
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Needing credit cards for bad credit can be a real pain. It can really take a toll on your life and make you feel like you will never rise above it, that will always be a part of your life and gone are the days of loans, credit cards, and other forms of credit. This does not have to be true. Many companies in the world today understand that sometimes things beyond our control happen and we all need a second chance at rebuilding our lives. This is why some companies are now offering credit cards for bad credit.

Credit cards for bad credit are specific to those who have a tarnished credit history for one reason or another. Your credit score might be low because of bad decisions, loss of employment, reduction in wages, injury, or a host of many other things. However, everyone deserves a second change to prove themselves credit worthy once again. This is where credit cards for bad credit come in handy.

With these credit cards, even though you will have to pay an extremely high rate of interest on the card, are perfect for those looking to rebuild their credit and improve their credit ratings. While you will likely not have many of the same benefits as traditional credit cards such as, rewards, long grace periods, or even long introductory periods, you will still have the opportunity get your financial affairs back on the right track.

Credit cards for bad credit can be found on the internet. It is important that you do your homework and find the right credit cards for bad credit that suits your needs and situation. Using the internet for research is a great place to start. Check out the interest rates and benefits before you start applying for any credit cards for bad credit. Ideally, you will want to find a credit card that periodically checks your credit report. This way, if you are improving your credit rating, making your payments on time, and showing credit worthiness, they may consider lowering your interest rates or raising your credit line.

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One Vote Away From Constitutional Disaster

(category: Personal-Finance, Word count: 954)
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For those of us who cherish civil liberties, the last thing we need is Sen. John McCain in the Oval Office. What many people don't think about when pulling the lever in the voting booth is that the president appoints judges that control their lives - not only appointments to the U.S. Supreme Court, but up and down the federal judiciary.

Senator McCain's "positions are nearly identical to the president's on abortion and the types of judges he says he would appoint to the courts," "How Close McCain Is to Bush Depends on the Issue," New York Times, June 17, 2008.

President Bush's arch-conservative choices for the Supreme Court are one vote away from a majority. One more appointment by either President Bush or Mr. McCain, if elected president, would mean a stunning reversal for human rights.

On June 12, 2008 the Supreme Court by just a 5-4 vote held that terror suspects held at the U.S. Naval Base at Guantanamo Bay could not be denied the right to file a habeas corpus petition to challenge why they were being held.

The news stories of the day claimed a great triumph for democracy. The linked piece is just one example of many television, radio and press stories that totally missed the point.

To anyone who claimed this was a "great triumph" or the like, that's a frightening conclusion.

This decision was a near disaster.

Habeas corpus should be protected by a 9-0 vote.

This 5-4 decision mirrors the U.S. criminal justice system, which has the highest number of people behind bars in the world. Even more than in China. That is a stunning indictment of a "sink or swim" society and raises serious questions about the law that your courts are enforcing and just how uncivilized a society we have allowed the United States to have become. Law and order is fine, but for all the law, we don't have much order.

The statute denying the historic protection of habeas corpus with the purpose of taking away the supervisory function of the courts was drafted and supported by John McCain. And his favorite judges - the kind he would appoint - voted against this necessary constitutional restraint on illegal government actions.

Chief Justice John Roberts, and associate justices Samuel Alito, Antonin Scalia and Clarence Thomas - whom Bush senior lied about when he said Thomas was the most qualified person he could appoint - all were the dissenters.

Thomas, Scalia, Alito and Roberts, our TSARs in waiting, would love to have just one more reactionary vote to chisel away more of the underpinnings of our Constitution and put an end to individual rights.

Here's how it works for the TSARs: Business and government uber alles. Personal rights last.

In March a 4-4 split court in Warner-Lambert v. Kent didn't have the five votes needed to take on the question whether a product liability claim could be brought be against a manufacturer of an FDA approved drug.

You were one vote away from losing your personal right to sue for personal injuries caused by dangerous drugs: Trasylol which causes kidney failure, Ortho Evra that causes stroke and heart attacks, MRI contrast solutions with gadolinium that are lethal for kidney patients, Zyprexa that causes diabetes and Vioxx the pain killer that kills. And those are just a few of the currently dangerous drugs without opening the archives.

With one more vote the United States Supreme Court could have granted legal immunity to pharmaceutical manufacturers on the legal theory that once a defective drugs had been approval by the FDA, even though proven to be unsafe and dangerous, no further questions can be asked in a court of law.

The TSARs wants to turn over total control of regulating drugs to the FDA, a proven administrative disaster, and allow drug companies to profit by selling highly questionable, and sometimes known dangerous drugs, without allowing victims a chance to hold them responsible in front of a judge and jury.

Don't doubt for a minute that isn't likely to happen.

That's why we need a Democratic president.

Voters should stand proud of the voice they gave to Obama and Clinton. It was an historic race. Sen. Clinton made a spectacular run against a culture of misogyny and Sen. Obama proved it was the person, and not the color, that counted.

But it can be even more.

An Obama-Clinton ticket means more than the vote's of18 million Clinton supporters and it's more than merely seeking women to support the Democratic ticket. It would show Obama's commitment to real change at two levels.

First, at a very personal level, Obama could show that to change the country he is willing to change himself.

Secondly, that leadership action would cement his position as the most committed Democratic leader since Franklin Roosevelt.

USA Today on June 10 2008 described on page one the changes on abortion, job bias, and campaign finance and racial polices that have occurred since the retirement of Sandra Day O'Connor from the Supreme Court in January 2006.

In short, Justice O'Connor's legacy has faded.

Imagine how bad it would be with the next Supreme Court justice appointed by McCain, giving the TSARs a solid Supreme Court majority.

We are on the cusp.

A Democrat in the White House is a must.

An Obama-Clinton ticket guarantees a Democratic win - a win that we must have to protect ourselves against right-wing abuse on the Supreme Court and to preserve human rights.

This is not the time for risk. There is way too much to lose. There is so much to protect.

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Little Steps Can Add Up To Big Savings At The Pump

(category: Personal-Finance, Word count: 418)
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Everyone is looking for ways to reduce "gas pains" from high fuel costs. There are some easy things you can do to put yourself on the road to gas economy.

(*) Light on the Pedal-Ease on the accelerator when you start from a red light. Your car will run leaner and won't use as much gas. On the highway, run about five miles under the posted speed limit to save.

(*) Crank the A/C-It used to be true that not using the air-conditioning (A/C) in warmer months would save on fuel economy. That's not true anymore. With the aerodynamics of today's vehicles, by turning off the A/C the resistance created by the wind causes more drag on the vehicle when the windows are rolled down.

(*) Use the Right Fuel-Never use a higher octane gasoline than your engine needs. It's like trying to put 16 ounces of fluid into a 12 ounce glass. Use the right octane and you can save about a dime or more per gallon at each fill-up.

(*) Keep Up the Pressure-Make sure you have the correct pressure in each of your tires. With too little air in the tires, the friction that it takes to roll the car is much greater, thus reducing fuel economy.

(*) Keep It Clean-Keep your engine clean of debris by changing its oil and fuel filter.

(*) Get It In Gear-Most modern transmissions are electronically operated by controllers. Transmission fluid that's broken down may keep your car from going into its highest gear. Have the transmission fluid changed in the 36,000 to 50,000 mile range.

(*) Stir It Up-There are lots of different gadgets on the market that claim to increase fuel economy. In all of our testing, we have virtually found no improvement in anything, with one exception. It is a device called Tornado that's put into the air intake, closest to the throttle plate, and stimulates the air to get it really turbulent. That causes a good fuel atomization within the engine itself that caused an increase in fuel economy in the applications we tested by an average of one to two miles per gallon.

With gas prices over $2 and approaching the $3 mark, if you can save one or two miles per gallon every time you fill up, that can translate to about $300 or $400 of savings per year under normal driving conditions. I think everybody's interested in that.

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