Personal Finance | Money Management  

Financial Management - Lecture 01

After all, over a few years all those dollars soon mount up in your favour. If you're a home owner you will find that you can often get a much more favourable rate if you take a loan which is secured on your property. Be very careful with this type of deal and be sure you cost it out based on how long you will be spreading the length of the loan over. 

Your deposits and withdrawals reflect in your account in real time, so you don t need to wait for them to show in your account. This helps you keep a minute check on the account. Most utility services, credit card payments and other payments can be done by direct money transfer from your online savings account to those services. 

Different Ways Of Investing Money To Suit Your Style There are many different ways of investing money and selecting the right one for you is of vital importance. It's essential that you select the right method for both your needs and your personality before you invest anything at all. To do that you need to really consider all the different ways of investing. 

You need to consider whereabouts on the risk versus reward scale you fit to make sure you feel comfortable with your choice of investment. You can view starting your investing life at such a young age in one of three ways. The first is that it will allow you to begin with slow, steady and proven stocks. 

For some they will only sleep well if they are almost risk free while others are equally comfortable with some of the riskiest options known to man. Just remember that there is no right or wrong there is only right for the individual concerned. As part of assessing your own comfort level you will want to feel comfortable that you can afford to risk losing the money that you are planning to invest. 

If you are finding that you have outstanding balances of two, three or more credit cards you will probably be well advised to look into taking out a debt consolidation loan. This will enable you to spread your borrowing over a fixed period of time. It will also ensure that you are paying a much, much lower rate of interest than you would be paying on your cards.