A Clay Advisors Review by personal loan review website, Best 2020 Reviews, shows the possible negative and positive outcomes by doing business with Personal Loans companies you don’t know very well. Companies like Clay Advisors have been flooding the market with Personal Loans offers claiming to be able to assist those with poor money habits. But can they really do it?
Sometimes, consumers end up making mistakes that haunt them for a very long time. This is due to a number of poor money habits that can drown us into a debt trap. However, there are a few habits we can avoid to keep financial distress at bay.
1. Paying Automatic Bills
If you can setup automatic bill payments, it saves you from late payment surcharge. However, at times, you don’t have any idea about how much money you have in your account. As a result, you face overdraft charges or penalties in response to returned payments.
Experts believe that setting up an automatic payment schedule is a bad idea. By relying on such a schedule, you often fail to check if you have any money left in your account to pay the bills.
Rather than configuring automatic payments, one of the wiser money habits is to set up alerts through which you can pay these bills on time.
2. Failing to Create an Emergency Fund
Unforeseen expenses are always around the corner. You may lose your job in a sudden turn of events or your car might break down unexpectedly during a trip. Without an emergency fund, you have nowhere to go. It offers you much-needed assistance when the going gets tough.
If you and your partner both work jobs, try to save enough money in your account so that you can so that you can survive for three months without a job. Save for six months if you are the sole earner in your home. Even if you find it hard to save, try to accumulate enough money to pay for groceries or repairs.
3. Struggling with Budgeting
Failing to make a budget is one of those money habits that can lead you into a financial crisis. Budgeting allows you to pay off a debt or reduce it to a significant extent. In this way, you can save money for emergency. Other than keeping you safe in times of need, budgeting provides you with an effective roadmap that allows you to address your financial objectives. By setting a spending target and sticking to it, you can budget better.
4. Deciding Against a Retirement Strategy
Surviving without funds in old age can be harder than you imagine. Young people often decide against retirement savings because they believe that it is too “far away.” However, what they don’t realize is that this extended period can generate them excellent compound interest on their retirement plans.
Some people incorrectly assume that they will not need a lot of money in their retirement. This is an incorrect assessment because the cost of living always rises with time. Moreover, retirement is a phase during which people will want to pursue their passion and hobbies like traveling. Hence, they are going to need money. To save up for your retirement, you can either go for a 401(k) plan or open an individual account.
5. Not Getting Insurance
What will you do if an untimely disaster damages your personal possessions and you don’t have car insurance?
Insurance is something where you need to strike a balance and ensure that you are neither investing too much nor spending too little. Ideally, you should cover your primary assets, especially your health. In this way, you can stop a natural disaster form taking the form of a personal financial disaster. Apart from health, get insurance for your vehicle and property where the coverage is enough to pay for catastrophic care in the event of illness or accident.
Cyber Mogul Of India, Aditya Belnekar Explains How A Brand Should Be Promoted Digitally
With the world transforming into a digital space, there have been innumerable employment opportunities for the people to make their careers in social media. The name who is working tremendously in the field of digital marketing is Aditya Belnekar, a 22-year old entrepreneur, artist and an influencer. He never shied away from experimenting and that is his biggest strength behind becoming a successful entrepreneur. Since school, he had an ability to think different and out of the box which made way for him as a creative person.
Rightly called as the Cyber Mogul of India, he is the founder of ‘TEAMWIZARDMEDIA’, a leading marketing agency in India. It is constantly reaching new heights with promoting movies, brands, social artists, influencers and much more in the digital domain. His tremendous knowledge about marketing has helped many brands to grow digitally which have become well-known names on the internet today. One of the sole reasons behind the success of his company is the innovative and creative ideas he brings to promote every brand on the internet.
Sharing his thoughts about the same, he said “Every brand is different and caters to a different audience. The first thing before promoting a brand is to understand which audience it caters to. You cannot market a whisky brand on the platform where there are a majority of kids. It makes no sense”, he said. Besides this, he also believes that one should never stop learning. “We all are students in life and every experience teaches us something”, he added. Working hard towards one thing at a time, Aditya Belnekar is truly the inspirational force among the top digital marketers of India.
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