Personal Finance | Money Management  

Budgeting with Mint Personal Finance Software -- Featured on Good Morning America - Financial News

To answer their question of "what is the first step to investing?" really requires a question in return because it is important to find out the kind of investment they mean. We need to know which types of investment they are considering when they ask "what is the first step to investing? 

As more formal commerce spread around Europe so did the need to have stock markets. By around the 16th and 17th centuries Amsterdam had begun to become the main stock market in Europe. It was there that the very first company to issue stocks and bonds was formed. This was the Dutch East India Company who issued the first share ever to be sold on the Amsterdam Stock Exchange. 

Even with a helpful stock broker it would be foolish to risk your hard earned cash by investing in something you don't fully understand. There are plenty of good stock market dictionaries that you can find either online or as a printed book. Once you've got an idea of the terminology you might want to consider paper trading even when you're getting a broker's advice. 

While a couple of extra days won't make much difference at this stage they could add months or even years on to the length of your repayment schedule. And the old adage of time is money is very true if that happens. That's your time and more importantly your money! Certainly don't dismiss the profit making companies who offer bill consolidation services out of hand without checking all the figures very carefully. 

Things to consider are: 1. How much will the overall cost of the loan work out at? 2. How much will be saved each and every month over what is currently being paid? 3. Is there a cheaper option? A re-mortgage for example 4. Would getting a part-time job help rather than taking out a loan? Equally important if someone decides to go ahead is making certain that the loan they are taking out is the cheapest they can get. 

Not just the short term because that will almost all ways be better than the amount you are currently paying. It's the long term cost that can be the sting in the tail with any kind of debt consolidation loan. As a smart shopper you need to do the math on whether the amount you will pay over the life of your refinancing will be worth the monthly reduction in your outgoings.