Saving money was quite essential and it became more crucial after we witnessed the effects of financial crisis on common man. Here are few tips on saving money for young adults. Have a budget Young adults don’t have much responsibility as most of them aren’t married and don’t have kids to take care of. This is probably the best time to inculcate the habit of living with a budget. It’s quite simple to start with. At the beginning of every month, determine the amount of money that will be flowing in. Then, deduct the amount you will be spending as necessary expenses and think about how you will invest the left over amount. Gradually, start reducing the amount you spend on various things. Start saving early Probably there isn’t any right age to start saving. However, starting early [...]

Christmas is still more than a couple of months away, but you might be contemplating starting your shopping for the event. After the recession, if you are comfortable with your money, you can always go ahead right now, but shopper news doesn’t seem to be very encouraging. Well, I really don’t want to disappoint you but with unemployment rate at almost 10 % and the foreclosure episodes still being quite frequent do you expect people to shop big this holiday season? In August, we might have rejoiced about consumer confidence rising up to 54. 5 %, but according to the Conference board report it has again plummeted to 53.1 % in September. A confidence index of 90 % is indicative of sound economic health for the nation. When our confidence is so poor, can we really spend much on shopping this [...]

Summers are really unbearable for many! I remember a friend of mine who unable to tolerate the heat, went on the hottest day to the markets to buy an air conditioner. He got a beautiful piece, but that costed him a fortune. Had he predicted this and made this purchase during the winter months, he’d surely have saved a lot of currency! Best purchases are more about the timing of purchase and surprisingly, you’ll see that you save a lot in the process. You might think that saving means restricting your expenditure. Saving money on groceries is not only about not buying things, but it’s about buying them at the right price…and when do you think you can buy something at the right price? Obviously, as you might have thought, not during any special sales or something, but at normal times [...]