Saving money

Getting a car loan

noreply@blogger.com (Entrepeneur) — Tue, 02 Aug 2011 22:56:00 +0000

Getting a car loan is easy when you know what car you want and you are ready to pay the repayments!

You need to be confident when meeting with the financial loan shark at the car yard as they can usually tell whether you are able to pay off the car. So be CONFIDENT!

Choose your car and go home and do your calculations of what you earn and how much expenses you have per month. Ideally you would estimate a repayment of $500 to $1000 a month depending on the car! Now to do this you should also see whether you have a car that you want to trade in a car. If so this would allow you to get the car cheaper obviously but also reduce the repayments which would be better in the long run in terms of interest charged.

Simple steps

1. Research the car you want
2. Match to your budget
3. Check cost and repayment
4. Include your own car for trade in
5. Check your expenses and income and determine whether you are in deficit or surplus
6. Purchase your car if you are able to have a high percentage of money left in your pocket to allow for emergency, etc.

Being able to list out your expenses/purchases and saving money

noreply@blogger.com (Entrepeneur) — Tue, 02 Aug 2011 01:04:00 +0000

Congratulations on deciding to save money! It is the most important thing in our everyday life and it is very important since you need to really dig down in your mind and realise what do you actually need and most important when do you need it.

I'll give you an example for me in my case. My number one item which I want to buy this year is a house. Very simple. Now you can always set yourself a dream target of what you want to buy and believe me that you will eventually get this item. No matter what it is!

Thankfully to having a job, I have an income therefore I can save my money!. The only problem is time!

How do I choose how long I want to wait for to buy this item. If it is for a house, ideally I would need approximately 10% of the cost of the house depending on where you live this will vary. In my case I will need approximately 20 to $40k in my pocket to be able to get a house on a home loan. To do this I am required to be saving up $8k a month!!! How do I do this when I do not even see this much money in 2 months!!

Maybe delaying the purchase of the house is the answer! but so is cutting down on A LOT of expenses on a lot of other things like mobile, going out, clubbing, drinking, whatever it is that you do, etc.

Please comment below on what you would like to buy at the end of the year and when do you actually dream to have it.

How to save money

noreply@blogger.com (Entrepeneur) — Sun, 31 Jul 2011 09:47:00 +0000

It's important to realise that saving money is not hard if you put your mind to it. You need to approach several steps to doing this and such steps are required to be followed one after another. You cannot skip and think that you can speed up your "saving money" or your road to your "target". The very first step to saving money is to determine exactly what do you need to save money for?

So your first step is to list out in detail: What do you want to purchase in the short term and the long term. This can be to detail for example (iphone, mobile, car, house, shares, etc.)

You can use the comment box below if you require my assistance with this.