You must have a complete picture of your personal financial situation before you can do financial planning. You can plan, but until you are in a positive funds flow, you cannot enact any of your designs.
So, the first thing to do is calculate your net funds flow. Total up all you owe, and all you earn. You can also calculate your funds via credit card payment calculator. For the “owe” column, include bills, upcoming expected expenses that you will have (like in case you are expecting a infant), and normal living expenses like food, gasoline, medical, and clothing expenses. … Read the rest
Payment protection insurance (PPI) is a financial product that customers of banks, credit card agencies, and other money lending organizations buy along with the loans or credit cards. These lending agencies are, in fact, cheating their customers all along because the customers are not made aware that they have to pay for the PPI. Most customers realize this too late and try to claim back PPI. The idea behind selling PPI is that the lending agencies can get back their money even if the customers are unable to pay their premiums due to some passing financial crisis, like a lost … Read the rest