April 19th, 2016 by Joe Olujic

maxresdefault (2)Many financial advisors are fond of explaining to clients how, for all intents and purposes, the most essential concepts and advice relating to personal finance are so simple that they can fit on a single, standard-size index card. In terms of the most basic and straightforward advice, there are few who would disagree with this notion and it certainly seems to be intuitively true that a practical approach to financial planning ought to be entirely uncomplicated. As the Groza Learning Center might point out, it is not often made clear by those fond of this particular maxim whether or not any of the information included on the index card will ever have to be replaced or otherwise updated.

The overwhelming majority of educators would be quite likely to agree that education, just like finance, requires an ever-changing approach in order to yield the best possible outcome. While the same basic principles will remain similar as time goes by, adjustments will have to be made and changes implemented based on the development of new and more effective practices and strategies. The same is true in finance, where the principles may remain largely unchanged but will have to be reviewed and adapted on a regular basis in order to generate the best possible outcome.

If, for example, an educator were to keep the same index card in his or her back pocket for the entirety of a teaching career, it is quite likely for that teacher’s students to be adversely affected by the lack of educational adaptation when compared to students of a teacher who has adapted his or her approach over time. Education, regardless of the subject matter, should always be considered an ongoing process.

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January 6th, 2016 by Joe Olujic

When people begin to struggle with their personal finances, there is an interesting and completely counterintuitive psychological effect that is sometimes referred to as the “Ostrich Effect.” The term is based on the erroneous belief that ostriches, when confronted with danger, bury their heads in the sand as a defense mechanism. As it relates to personal finance, the Ostrich Effect refers to a behavior in which people begin to completely ignore their finances due to the presence of difficult circumstances.

Obviously, difficult financial issues must be addressed head-on and sometimes require creative strategies for cutting costs, so figuratively burying your head in the sand is the worst possible approach. It wouldn’t be wise to ignore the need for roofing Phoenix in the hope that the problem will just go away, as it should be obvious that a small roof leak will only expand and cause greater damage the longer it goes unaddressed. The same is true of personal financial matters.

For some, it may feel better to ignore the problem and delay the stress it will surely bring in relatively short order, but the simple truth of the matter is that getting your finances in order as quickly as possible is the only intelligent approach. Fortunately, accomplishing this is actually not all that difficult, as many people have unnecessary expenses (most of which they are surprisingly unaware of) that can be eliminated to save money now and in the future. Anyone struggling with their finances should take the time to work out a solution by considering some of the strategies that follow.

Eliminating Unnecessary Expenses

“Unnecessary expenses” is a phrase that likely evokes visions of the money wasted dining out at nice restaurants or on the vehicle that includes a monthly payment that increasingly feels like a millstone. If these are among your actual expenditures, then you have plenty of places to cut costs. Cut down on restaurants and make more meals at home and, if possible, sell the vehicle and find something more practical that better suits your budget. After all, it is most important that you are able to get to and from work without breaking your budget in doing so.

The reality is that many of the truly unnecessary expenses are not so easily recognizable. When you evaluate what you are spending each month, consider the costs associated with your banking. Does you bank charge you each time you use your debit card or levy a monthly fee if you do not use it enough? If that is the case, consider researching banks that don’t charge so many fees and have programs in place that reward you for banking with them instead of penalizing you.

The same is true of other financial professionals, as various fees and charges can quickly eat away at your return on investment. Simply take a few moments to evaluate whether or not your investment strategy is as efficient as it should be.

Taking Charge of Credit Card Debt

There has been a lot of talk about interest rates going on the rise in the near future, and credit card interest is one of the most unnecessary expenses imaginable. In 2015, the average household paid an astonishing amount in interest, with the figure of $6,658 demonstrating just how wasteful it is to carry credit card debt for any extended period of time.

If you have sizable debt and are struggling with your finances, one of the smartest strategies is to focus on eradicating the cost of interest from credit card debt. It is easy to just go on paying the minimum each month as though you are punting on the responsibility, but paying the minimum will cost you a great deal more in the long run. With your credit card debt in check, you will find that your finances will become a lot easier to manage in the future.

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October 29th, 2015 by Joe Olujic

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.

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May 22nd, 2015 by Joe Olujic

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.images32Q2SKTR images931MORSI images60TL92MY 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.

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May 20th, 2015 by Joe Olujic

untitled (183) untitled (182)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.

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May 10th, 2015 by Joe Olujic

untitled (18)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.

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May 4th, 2015 by Joe Olujic

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.

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April 27th, 2015 by Joe Olujic

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.

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April 14th, 2015 by Joe Olujic

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.

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April 13th, 2015 by Joe Olujic

untitled (360) imagesQYKPYGHUIs the money you put in the bank safe? You keep hearing bad news about the economy and all the debt that we have that gold or silver is the way to go. There are other countries that are going bankrupt and that their currency is no good anymore. Is that the way we are headed? They say that it will be like the great depression but it will be bad because we have sold out to other countries to are for countries that do not want us or care but what the USA money so what is the answer? Bank money safe. no all they have to do is close the door and where are we again. They say that after the great depression, it would never happen again but who is it that say that the banks and why is there so many that come and go or get bought out from other larger banks. Consolidated Credit can help.

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