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California

Get organized with bill pay in California

California loansMany banks are now offering free online bill pay. While it sounds like a hassle to set up (filling out paperwork at the bank, creating a user ID and password, familiarizing yourself with the software) it really will save you time, money and energy. Here’s how:

Say Goodbye to Stamps

Every time they raise the costs of stamps, I find a few more ways to avoid using Uncle Sam’s delivery service. When I can, I use e-mail, fax machines, and personal delivery to get my message from A to B. This is the same concept of online banking. By paying our bills online, rather than stamping a forty cent fee on every one, we save nearly $10 a month, or $120 a year. On top of that, we have also saved on late fees. When we paid our bills the archaic way, we were at the mercy of the mail man. That could take days. Paying our bills online means we can send them in as late as three days before they are due. And best of all, there is no licking envelopes!

Keep it Organized

The real reason I love online bill pay is because it helps keep me organized. Bills we consistently pay each month (mortgage, car payment, online payday loans etc. in California) are deducted from our bank account routinely, without lifting a finger. The system sends our mortgage company the exact amount it should, when it should, each month. Thus, we have never missed or been late on a payment. Word of caution: be careful with certain bills that fluctuate month to month–for example, water and electricity bills. These should not be put in the system as automatic, since the bill will vary each time.

Accountability

If you are trying to keep an eye on your spending, try this: Print the monthly statement of your online bill pay. Highlight the expenses that went to something besides the necessities (like shopping sprees, expensive nights out, etc). Take a look at everything highlighted and see how you could cut back. This is a great way to hold yourself accountable for your spending. The initial set up might be somewhat of a hassle, but once the i…

Categories
bank

Credit Unions vs. Banks

Credit Unions vs. BanksAny adult with ADD who has a choice between using a traditional bank and using a credit union, should choose a credit union. A credit union offers the same services as a bank, but with several major differences.

1. Anyone who joins a credit union is considered a member not a customer, this means that you have a share of ownership in the credit union.

2. Since you have a share of ownership, you will be able to vote for the board of directors that control the credit union. If you have an issue you can communicate your problem directly to the people who you voted for.

3. Credit Unions are not for profit organizations, all profits are distributed back to members in the form of higher savings rates or lower loan rates.

4. By federal and state laws credit unions can only operate within local areas and/or for a particular employer. This means all products ans services are bettered designed to meet your particular needs.

What I like most about Credit Unions is that because they are member owned and not for profit their services are not designed to trick or confuse you. A Credit Union’s ultimate goal is to make its members happy with the products and services that it offers. The employees will take the extra time to explain and educate their products to you. This is especially helpful for people who hate to deal with finances.

If you would like to join a credit union in the United States please visit site.…

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Uncategorized

4 Ideas To Boost Your Income In 2021

I’ve volunteered my time as a financial coach quite a bit and one of the biggest problems I see people experience, aside from debt, is not having enough income. If this is you, have some hope, because there are some ways in which you can boost your income this next year. Keep in mind, you just have to be willing to invest some time and effort to do so.

Here are a few ideas to consider as we approach the New Year:

1. Start blogging.
I would be remiss if I didn’t mention blogging because I know it’s possible to earn extra income, or even full-time income with a good blog. It’s not easy, but it’s possible. It also takes time and is hardly going to produce income over night. But, if you’re willing to put forth the work, you can make it happen.

I recommend signing up for a blogging course before getting started just so you can get an understanding of some of the basics and save yourself the trouble from making a lot of rookie mistakes (check out BloggingYourPassion.com for great courses). You can also learn how top bloggers monetize their blogs.

Pick a topic or niche subject where you have some knowledge. But you have to have interest in your topic for your blog to last! Take your course and start making a list of topic ideas for articles. Finally, set a goal for yourself to have 15 articles by the end of January that you can start publishing come February.

2. Freelance.
A lot of people possess day job skills they can turn into freelance profits. Bloggers will often write for other blogs as freelance writers. Website developers also apply those skills to help website owners create enhancements to their sites.

Make a list of your skills and what you might be able to market. If you’re already being paid for those skills by your company, you can definitely use them to offer services to others. Check out sites like Odesk.com to apply to jobs and start getting yourself out there!

3. Ask for a raise.
When was the last time you received a raise? If you’ve added significant value to your organization and are a respected employee you might be in position to ask for a raise.

Make a list of your contributions highlighting the impact they’ve had on the company. See if you can tie savings or additional revenue to your contributions to show the monetary benefit to the company or department. Then, set some time with your boss to review your accomplishments and begin discussing the possibility of a raise (or even a bonus). The answer might be no right now, but you can always ask to revisit your accomplishments and the possibility of additional compensation quarterly.

Also, make sure the timing is right. It’s probably not a good idea to ask for a raise if the company has just made significant reductions in staff or other cost savings. Many companies are beginning a new fiscal year come January. Budgets typically aren’t as tight that time of year so it might be a good time to start having a meaningful conversation with your boss.

4. Work a part-time job.
Aside from freelance work you could also look for a part-time job that is more regular in terms of earnings. I like the idea of part-time work if you’re trying to save for a specific purpose, or perhaps pay off debt. Part-time work, while it has its sacrifices, can be a good way to get over a financial hump.

Look at it as a temporary project and try to set a timeline for when you might finish the job. You might consider a spring retail position, pizza delivery, mowing yards, hanging Christmas lights and so on. Keep in mind the sacrifices you’ll make in personal time and probably some extra fatigue as well. But again, using part-time work as a short-term endeavor can help generate extra cash.

Final Thoughts
There are many additional ways to boost your income in 2021. You just have to spend a little time planning. Since starting my blog almost 4 years ago, I’ve appreciated having some extra part-time money. I’m convinced boosting your income is a great way to get your finances in shape and eventually transition to being your own boss (if that’s your objective).…