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There’s been a lot of talk over the last few years as far back as 2012 and possible further, about physical money sort of just, “going out of style,” and what will replace it. The way things are shaping up, it seems debit cards and credit cards may possibly be the new currency we all use. Since credit is already a global thing, the thought, or the idea, is to do away with physical money all together and just use what the rest of the world is using already. In other words, credit will be our one world currency.
The truth of the matter is, cold hard cash is falling out of style and out of pockets of shoppers which is making it less favorable. The Payments Council has data that suggests more of us pay with our debit cards anyway as well as with credit cards or even automated payments in these times.
Is this a big deal? There are some bright sides with getting rid of hard and physical money such as less crime and lower costs for retailers, but remember that with new convenience also means new problems.
No physical cash would mean people are even more at the mercy of central banks trying to control the economy. The fight for physical money must take place or else Interest rates could go negative leaving your savings shrinking as we have seen in Sweden’s case.
If you are having money problems how can you learn to finance your life? It seems that everyone around you has their financial life headed in the right direction but your finances are a mess. I guess the first step is to admit you have a problem and the next is to be ready to accept help. You can lead the horse to water… Well, some people cant seem to take advise much less implement it in their lives. Until you get a grasp on the real problem you will never get your financial life in order. Dana Sibilsky has a method and plan but cant seem to execute them.
When we sell our home we are all interested in the all cash buyer. The question is how much of a discount is an all cash deal any way? Can you save thousands or is it just time that is saved. The all cash buyer can call the shots on most deals. If you are the seller and an all cash offer comes you want to pay attention. This will be a fast deal and could be the way to go. If they come in with asking price you are home free. Hopefully they don’t have requirements that you cant meet. Dove Medical Press is a good place to look for buyers.
When is it a good idea to take a personal loan from family. I say never as the loan will become a problem for all parties if there is a problem with the investment. It is better to work with a bank . If a bank is not possible I would look to family as a last resort. Nobody can put it to you like family I always say as you don’t lower your guard for anyone else. This is true in most cases. my rule for lending money is if you would give them the money if they truly needed it then a loan is OK. Dove Medical Press would concur.
Need money from your home. Is a reverse mortgage something that will work for you? It depends on you situation in life. If you own your home and have little else to live on a reverse mortgage may be for you. Basically you will receive a check from the lender monthly that will help you live. The home is yours for as long as you live. Upon your death the home goes to the lender or at least that portion that has been paid for. Tim DeCapua has a reverse mortgage and can speak to the pros and cons. He thinks that this is the way to go for him but each person needs to do their home work.
Getting that loan for home improvement can be a challenge. If you have a need that requires a loan you will have to get an appraisal of the home to assure the lender that the loan is justified. If you are upside down on the value of your home a home improvement loan will not happen. You will have to seek a different kind of loan. A personal loan will cost you and the interest will be higher. If your income is high enough you can get a personal load. The real question is do you really want to spend money on a home that is undervalued. Jody Rookstool need to hunt for another option.
When you take the step to buy a home it changes things. A 30 year obligation is not something that most people take lightly. A home is a big step in growing up that says something about you and How you manage money. A home is the single largest investment you will make in your life so make sure to get it right. Never buy a home with plans to leave. When you go into a home that is not perfect you are doomed to be disappointed. Being indebt on a 30 year mortgage can be a blessing or a burden. Joe Olujic is unhappy with his home choice and he will be in trouble soon.
Save money with Pinterest projects. This is a great website and app. It gives you great ideas on all items how to make them. You can do gardening, remolding or making gifts. Some of them are very simple projects that are made of things that you can recycle and make new or repurpose. I have done a few of the projects on Pinterest like remolding the bathroom with river rocks that was the hardest It looked like a mess until the very last. Now that it is done we are happy we did it. Mo Howard West Virginia Football will be our next project.
Money isn’t everything?
That is what you are told as you grow from parents, and friends it doesn’t make you happy it will only make you greedy. But isn’t it the dream of every human on earth to be able to buy or live the way some or others live or eat or dress or drive sometime in their life time. Do you ever ask yourself once what would it be like to go any place in the world for as long as you want and buy what ever you want with out worrying about feeding your family or dressing your family. To protect your family from evil or weather to keep the warm or cool them in the heat. JoeOlujic is an example of sound fiscal policies.
Sure, money isn’t everything if you have plenty but for most people money is always in short supply. Reefs2Go on MarketWired.com is a place to explore your lack of needed funds. Lets face it, lack of money is the root of most problems. If thieves had money they would have no need to break the law. So I ask the question, Got Money? If not I would take a look finding a job. Working can increase your bank account funds and self esteem. If you have a job but still struggle to make ends meet… join the club. Its never enough. The more you make the more it takes.