Top Financial Tips for Millennials

Are you a millennial who feels overwhelmed trying to manage your finances? Are you getting the most out of your money? Financial literacy is not often taught in schools and they don’t do a great job preparing their graduates to manage their finances. So when you’re out of college and start real life, it can be a little overwhelming and it is easy to get yourselves into debt and other financial trouble.

Most millennials are currently in their 20s and 30s – a time when many young people are ready to make major financial decisions in their lives, like home ownership, long-term investment activity, etc. If you’re currently a part of this generation here’s your crash course on what you should do to improve your financial wellness:

Take online financial courses
Since most young adults have the propensity for technology it is suggested you take a few basic online courses in economics, accounting, and any other financial topics that may be of interest to you.

Embrace Technology
When it comes down to managing your money there is probably an app. To help you do that. These apps. Can categorize your spending habits and help you manage your spending. These insights can help you save money each month and then transfer that money directly to your savings. Online financial apps can help you make a workable budget for your lifestyle and ultimately change your net worth.

When it comes down to managing your money there is probably an app to help you do that. Mobile apps like Clarity Money can help you track any wasteful spending habits. Digit and Stash can recommend where you can save money each month and then transfer that money directly to your savings. Online financial apps can help you make a workable budget for your lifestyle and ultimately change your net worth.

Examine Your Current Bank Accounts
Are you paying fees? If so, for what? Monthly maintenance and minimum balance fees should never be a fee on your account statement. Free checking accounts, are available, especially at credit unions and these accounts will help you keep more of your own money in your pockets. So don’t settle for anything else.

Build Your Credit and Understand the Impact of your Credit Score
Early on, you may only have a student loan or a credit card on your credit report. But now it’s time to start building your credit. Ask your credit union about a Credit Builder Loan to help jumpstart your credit. And if you already have some active loans, make sure you’re making payments on time every month. You’ll need that good credit history when you want to make big purchases in the future like a car, rent an apartment, or get a mortgage for your first home.

It’s also important to know that if you are planning on opening up a business your personal credit may be the defining factor in your ability to access necessary working capital.

Repay Debt Tactically
Since we are on the topic of credit, a lot of young adults have credit cards with very high interest rates. Focus on paying off those debts first! If possible, transfer those balances to a lower-rate credit card. It’s much easier to pay down debt when more is going toward the balance.

Track everything to obtain your whole financial picture
Just as businesses manage their cash flow, individuals need to do the same by tracking their income, expenses, assets and liabilities. There are many online tools to help you like Mint, Quicken and Personal Capital.

Build an Emergency Fund
Unplanned/unfair/unfortunate events can happen in the blink of an eye. You may get in a car accident, have unforeseen medical expenses or lose your job. That’s why it’s important for everyone to have an emergency fund. The best way is to set up an automatic savings plan where you pay yourself first by depositing a portion of your paycheck into a separate savings account. If you forget it’s there you won’t be tempted to spend it.

Create a Long-Term Savings Strategy
An emergency fund is a short-term strategy, but you also can’t forget the big picture. Does your employer offer a matching 401(k)? If so, be sure to take advantage of that opportunity. It’s fundamentally free money, and it’s an investment in your future.

Get yourself a financial mentor
Even though there is an overabundance of information and apps on the Internet to help with your financial security, it is far superior to pick the brain and bounce questions off a trusted friend or colleague. Their pertinent insights will most likely be tailored to your specific requirements.

Use these financial tips listed above to get your finances on track while you’re still young. You’ve got a bright future ahead – so start now and stick with it. Your financial well-being will thank you! Although these tips are targeted at millennials, they’re useful for all ages.

Automobiles – Your Precious Possession

Global automobile companies like Mercedes, Hyundai Motors, Fiat, Ford, and Toyota etc have stepped into International markets. Now Indian automobile companies like Maruti Suzuki, Tata Motors, Hindustan Motors, and Mahindra etc. are also recognized as global manufacturers and keep on bringing new models of automobiles into the international market. This shows that people across the world are investing a lot on various car models launched by a number of manufacturing companies. Automobiles, whether it is a car or bike have become a possession of flaunting ones personality.

No doubt, people spend a lot on automobiles, in such a situation, automobile insurance becomes indispensable. Expensive cars and road bikes are no longer a necessity now they have become an inherent part of ones personality. Your precious automobile requires safety, proper care and our great vigilance. Also, vehicle theft is almost common in all the countries of the world and can cause you a loss of hefty sum of money, if by chance you lose your vehicle. In addition to these, possibility of road accidents whether you are living in any part of the world is something you can not deny. Here is when Automobile insurance comes into play. Automobile insurance safeguards you against any such heart-reckoning situation which can lead to loss of your costly vehicle earned by your hard-earned money. Now days with the facility of internet you can apply for automobile insurance online.Online automobile insurance makes an easy and less expensive way of getting your vehicle insured.

Besides this, your dream of owning a luxurious car has now become easy through the various car loans being offered. Now with the car loans facility you can buy a brand new SUV, MUV, jeep or even a small car.The new car loans provided by the various banks and financial firms enable a consumer to own the latest model of cars from various manufacturers, like: Maruti, Hyundai, Tata Motors, Fiat, Ford, Honda and many more. The size of the car loan usually depends on the type of the vehicle whether it is standard or premium, the percentage of financing and the cost of the vehicle. In case of a new car a loan of up to 90% of the total cost of the car can be availed. Normally the tenure of repayment of the auto car loans can vary from 1 to 5 years, but some banks offer a flexible relaxation up to 7 years. Auto Loan Calculator estimates the overall cost of purchasing a car, including the sales price, sales tax, and the many charges and fees that are thrown on you when you finally decide to make the purchase.

Automobile suppliers take care of all the needs of the customers related to the automobile they want to buy. The list of automobile suppliers is normally available online. You can check through internet and contact the automobile supplier of your area if you want to buy any car, bike etc. Also there are car rentals in India. Car Rental in India offers Luxury, Deluxe and cheap & budget car rental services in New Delhi, Agra, Goa, Mumbai and in almost all the big cities of India. Car rentals in India offer variety of cheap car rentals, luxury car hire, coach travel in India, coach holiday packages, discount car rental to put the customers at ease.

Why Your Business Needs a Web Promotion Strategy

The web is the preferred channel for increasing numbers of people who want instant access to information and services whenever it suits them. 72% of searches for products and services are now carried out online, it is the #1 research tool for businesses and half the UK population now go online at least once a day. On a single day in July 2010 Britons spent an eye watering £5 billion online and annual spending on the web is set to grow by 56% to £35 billion in the UK over the next four years (a year on year increase of 12%). Whether you love or loathe the internet, it is an inescapable fact that any small business without an effective web promotion strategy in this day and age is at a serious competitive disadvantage.

Your website is the powerhouse of your online marketing and as a small business owner the time and money spent developing your website will probably represent one of the most significant marketing investments you ever make.

But the sad fact is that 95% of websites fail to get traffic let alone leads and sales. It is simply not the case that “if you build it, they will come”. That is why before investing in a new website you need to have a clear web promotion strategy.

This involves:

Setting measurable objectives
Prioritising the actions that are going to deliver most value for your business
Establishing design requirements from a customer perspective
Carrying out keyword analysis to identify the key search terms that will drive traffic to your website
Building a site structure with search engine optimisation in mind
Analysing your online competition to determine how well positioned you are to compete effectively in your online marketplace
Developing a compelling and distinctive online value proposition that will grab visitors’ attention and make you stand out from the crowd.
Putting together a blueprint for engaging, relevant and high quality content.

Only when all of these elements are in place will you be ready to begin developing your website. Once the site is built you should then configure web analytics and learn how to use the tools and reports to monitor your web performance. Then you will have a way of checking that you are on track to achieve the objectives you set at the beginning and adjust your strategy as you go along.

If you follow this process you should ensure that your website is one of the 5% that are successful in attracting targeted traffic and converting your visitors to warm leads and customers.

Jan Willis is Director of WOW Consulting, an Essex online marketing and website design company specialising in helping small businesses increase their visibility on the web and generate more traffic and leads.