5 Smart Investing Tips for Moms

Investing could be a pretty big word, especially for busy moms with no time to learn about its principles. But investing is actually just like parenting, it can feel complicated and overwhelming especially at first. There are peculiar terms to learn, plenty of decisions to make, and there’s that great big fear of not making it right.

Being intimidated with investing is totally normal, but investing and growing your money is essential to secure your family’s future. Nowadays, leaving your money in the bank is not a smart move, skyrocketing inflation rates eat up your hard earned money leaving you less of the amount you initially put in.

So whether you’re saving up for a home, your child’s education, or a dream vacation, here are 5 smart investing tips for you to follow:

Be clear on your investment goal

The importance of specifying the goal of your investment can’t be emphasized enough. It drives your decisions and your strategies in your investments. Without determining your goals, it would be harder for you to pick the right investment and create the best investment plan for you and your family. Investment goals could be as simple as fight inflation, and save money for a vacation to as important as building fund for your child’s education and your retirement.

Find out how much money you can invest

After getting clear on your goal, you have to review your financials and check on how much money you are willing to invest. The amount of money to be invested is also extremely important in choosing your investment. One key deciding factor to consider is your need for liquidity. If you set aside money for investment, make sure you won’t be needing it anytime soon as you can’t just pull off your investment any time you want, which brings us to the next important step.

Create an acceptable time frame for each investment

Investments can be divided into three categories in terms of the time your money stays in the investment. These are (1) Short term: typically 1-2 years (2) Medium Term: typically 3 -8 years (3) Long term investments: typically more than 8 years. Knowing your timeframe can help you narrow down on the type of investment you’re going to put your money on. Since different investments require different time span to provide returns, establishing acceptable time frame is a smart move.

Know your risk tolerance

Risk tolerance is simply how comfortable you are to lose money. The higher the risk tolerance the higher money you’re willing to lose money. Knowing your risk tolerance will help you understand which investments fit your personality. Usually, higher risk investments have the greatest potential for higher returns, while low-risk investments yield low-interest rates. You have to recognize your tolerance for fluctuations so as to prevent getting burnt out on checking the progress of your investments every now and then.

Pick your investment vehicle

Investment vehicle is the term used for investment products that would help you get to your investment goals. There are a lot of investment vehicles out there but the most popular ones are stocks, bonds, starting a business, and real estate.

Stocksare shares of a company you can buy and earn from the stock price increase and dividends. They are extremely volatile but can be extremely profitable as well. Going into the stock market requires time and knowledge of the stock market terms and principles for your investment to really grow.

Bonds, on the other hand, are debt instruments wherein you can loan money to a corporation in exchange for periodic interest payments plus the initial investment amount at the end of the bond contract or the bond maturity. They are considered safe investments due to the guarantee that you will not lose your investment. However, bonds only yield low-interest rates.

Starting a businesscould be a very exciting venture with millions of possibilities for your money. Starting a business can be extremely profitable but can sometimes be time consuming and exhausting. Starting a business has its own risks and you need to really give time for the business to thrive especially in times of market fluctuations.

Real estateis a smart investment choice for the long term and can gain continuous potential cash flow. A lot of real estate investors have become millionaires, proving real estate to be a very promising venture. But some people would turn their back on real estate because they think you need millions to earn millions. But in reality, you can start your real estate business even with a small amount. You can start by renting out part of your property or one of your properties you don’t usually use for monthly cash flow. You can also opt to buy foreclosed houses cheap and sell them high after simple renovations. Buying land is also an investment as its value is guaranteed to appraise in the long the run where you can sell your property twice or thrice the price you bought it. In this age, you can own a property in less than a million and pay for the rest in monthly affordable instalments. You can rent out these properties for cash flow and return right away.

Investing is truly like parenting-you make time to learn to do it right, you do it, you make mistakes, you learn again. But all your efforts and hardships will definitely pay off at the end when you watch your investments (and your child) grow.


Frugal Vacation Tips for Families

Everyone has fond memories of their family vacations as a child. Whether you headed to the beach to soak up some rays, hit the trails for a camping trip, or went to your favorite theme park, there’s something out there for everyone to enjoy family time. If you aren’t careful, however, vacations can get quite expensive. Here are some tips to help your family save money only our next big vacation.

Know when to Fly

Flights can be one of the most expensive aspects of a vacation. If you know where to look and are diligent about searching around for the right price, however, you can often find great deals on your airfare. If you’re flying during a school break, avoid flying the first and last days of vacation, which tend to be the most expensive. You may also want to plan your vacation around the off-season, which tends to carry lower airfare than any other time and may help you score some cheaply-priced seats.

Look for Free Activities

Check out the area where you plan to stay to see if you can find deals or free, kid-friendly activities. Many larger cities offer completely free museum admission, which can provide you with ample things to do that won’t cost an arm and a leg.

Go All-Inclusive

All-inclusive resorts are great for those who are looking for money saving vacations for their families. With an all-inclusive, you know exactly what your vacation is going to cost well in advance of when you step on the resort. With all-inclusive resorts, you don’t have to worry about paying for your meals, alcohol, or activities because they’re added right into the cost of your trip. This can save you money, time, and a headache while on your vacation and allow you to enjoy relaxing with your family.

Consider Rentals

Renting a condo or home for your vacation can save money in many ways. You can get a larger place and go in on costs with other family members or friends, and it’s often cheaper than staying in a hotel for the week. With a house rental, you can also bring your own food, which can offer huge savings over eating out every night while you’re on vacation.

Steer Clear of Souvenirs

Souvenir shops are often tourist traps and should be avoided if you want to save money. Not only do they often carry items you’ll likely throw out or put in a box and forget about once you return home, but they also often carry a much higher price tag than if you were to buy a similar item elsewhere. If you want a souvenir while you’re on vacation, keep maps, ticket stubs, or photos to preserve the memory of your trip.

Your family vacation doesn’t have to be an expensive affair. Use these tips and see significant money savings on your next trip.

Emergency Options: 5 Ways You Can Find Spare Cash When an Emergency Arises

Life is full of surprises, both negative and positive ones. While the former is delightful to see, the latter can truly shake things up if you’re unsure of what to do in response. Are you ready to discover 5 clever ways to get money when times get tough? Then keep on reading, and you’ll learn how to acquire financial aid whenever needed:


  1. Get a second job

If getting a second job requires that your sacrifice your free time to make it through, then so be it. However, it doesn’t have to be drudgery; in the modern world, there’s a myriad of ways to make an extra buck. You can try making some extra money by driving people around through services like Uber. The only prerequisite is that you have a vehicle and a valid driver’s license. If that’s not exactly your cup of tea, maybe you could try to make money by completing simple tasks online? Who knows, you might even be able to make full-time income from it and replace your regular job.

  1. Sell your valuables

Do you have some valuables lying around you won’t mind parting with? Perhaps something with a lot of collector’s value? Any expensive paintings, instruments, rare stones, jewelry, and so forth? If you’re not particularly emotionally attached to them, you could get a lot of money in exchange, especially if there’s a lot of demand for the item you’re trying to sell.

  1. Ask your friends and family members for money

Your family members are likely to lend you a helping hand when you find yourself in a financial pinch. Whether they give you their money with no strings attached or treat it as a friendly loan, the main point is to resolve whatever pressing matters are troubling you, then find a way to settle your debt later when you have time to think.

  1. Get a mortgage

If you’ve exhausted all of your other options, you can try getting a mortgage. The thing is, this could get quite problematic if you have a bad credit score. Before trying to borrow money from the bank, try to reduce the number of pre-existing debts you may have. This will demonstrate that you have a good control over how you spend your money. Not getting approved is not the end of the world either, as there are alternatives…

  1. Get a loan online

By getting your loan from an online provider such as Northcash online loans, you save yourself the hassle of having to go to the bank and go through endless and exhausting interviews. You simply tick off a couple of forms that are short and to-the-point, then wait a little while until one of the agents contacts you. Simply and easy! As long as you bear in mind that getting a loan is usually the last resort option (particularly the ones with high-interest rates), you should be fine.


Although we’ve provided some great quick ways to get some money, having an emergency money stash is always the best way to go. In fact, it’s a good idea to start putting some money to the side as soon as you can afford to do so. At the end of the day, what’s more relaxing than knowing you always have some funds to fall back on in a time of crisis?

Emergencies and Illness: 5 Ways to Keep Your Finances Stable when Emergencies Hit

You cannot always prevent or foresee emergencies such as illness, the loss of your job, or any other unfortunate events that could end up hurting your bottom line. However, you can control how you handle these circumstances when they occur. When emergencies hit, it is essential to have some ideas on how you are going to keep your finances stable. Here are 5 ways you can do that.

Payday Loans

Getting a payday loan during an emergency can help keep your finances stable. Today, lenders are less likely to give loans to those who are not in a position to repay them. A responsible lender who offers money through a transparent process will help you to obtain financing that will help you to overcome your emergency situation. For instance, responsible lenders cannot offer loans with no credit check required. A credit check is important as it benefits both the borrower and the lender by enabling better and informed lending decisions.

Create a Budget

Part of ensuring financial stability during emergency involves keeping an elaborate budget. A budget will help in guiding your spending decisions even after you have succeeded in acquiring that short-term loan so you can only spend the money on what’s important at that moment. That way, you’ll be in a position to spend the money in the right manner.

Track Your Expenses

After creating your budget, you may need to track your expenses so you can know where you are spending and how much you are spending. You might think that you know what you are doing, but when all your expenses are tallied, you’ll be surprised that the spending does not match your priorities.

Determine your Priorities

Coming up with clear priorities during your emergency situation will make it easier for you to make those tough financial decisions. Converting your priorities into actionable and attainable goals will go a long way in assisting you to solve your financial problems, allowing you to get back on track. During emergencies such as illnesses, it is essential that you prioritize on health care as that is the main reason you acquired a short-term loan in the first place. In that sense, matters of health care should be top of your priority list. When that is done, you’ll be in a position to handle your problems systematically.

Preventing Future Challenges

Emergencies are inevitable. Even after your finances are stable, unexpected financial challenges may arise again in the future. There is still a high chance that you may end up experiencing significant life events in the future that may end up challenging your financial plans. Being flexible is one of the most important steps to handling financial problems arising from emergencies. Review your finances occasionally and make changes where possible. Save up for emergencies to avoid going into debt and placing yourself in a financial quagmire.

Overcoming financial challenges during emergencies is not always easy. Once you have acquired that short-term loan to cover your expenses, you need to budget and prioritize on what’s important. Preserve your plan and overcome the challenges so you can end your financial stress.


When You Run Short: Do You Know What to Do When Emergencies Arise?

How do you react when a financial advisor in the media talks about saving money? Whether it’s a retirement fund or emergency fund, many can’t help but wonder how it is that we’re supposed to be saving such substantial sums. In fact, approximately 70% of all adults in the United States have less than a thousand dollars in savings.

What’s an Emergency Fund for? 

One interesting statistic involves how people anticipate paying for future expenses. Nearly 25% of Baby Boomers report that when they retire, they expect to get money from their children. However, Gen Xers and Millennials have fewer pensions, and less money in general than their parents did.

When it comes to planning for an emergency, it may not be best to just assume you’ll borrow from a loved one. But what constitutes an emergency, anyway? It’s a great question you should sort out immediately.

Simply put, an emergency involves the loss of something you have serious trouble sustaining yourself without. Your car, your home, health, and especially a paycheck. An emergency is not an unexpected expense, such as a pair of shoes for a special event.

An emergency also isn’t money that you could have reasonably expected to have to pay, such as insurance payments, taxes, or vehicle registration. While a lot of us come up short when it’s time to pay these, this doesn’t meet the criteria for emergency spending.

Therefore, it is said that the ultimate goal is to save enough money to live on for six months should you lose your source of income. In the meantime, what do you do when your insurance deductible is too high in a medical emergency? Or when your car’s transmission quits?


How to Cover Financial Emergencies in a Pinch


The first thing to do in a financial emergency is to remain calm; cooler heads prevail here. You don’t necessarily need to rush out and get fast money from King of Kash, with extremely high interest rates that require rapid repayment. Instead, before reaching for any loan you can get, sit down and assess what you currently owe.

When you see what you’re dealing with monthly, there may be some funds you can reallocate toward your emergency. Housing and food should never be compromised, but your cable bill isn’t absolutely essential right now. Extras like subscription boxes, or monthly charitable contributions, can be diverted for the time being as well.

If your situation is such that housing and food funds are compromised, look into social programs that can help you get back on your feet – we all pay into them for this exact reason. If you’ve lost your job, your first step should be to see whether or not you qualify for unemployment benefits.

Many people confronting a substantial emergency get additional jobs or sell nonessential belongings. This too is a good strategy, and a great opportunity to finally start that emergency fund.

Sell a little extra, work a bit more temporarily, and snag enough extra money to cover your current emergency, and a bit of the next. And through it all, remember that your situation, while very important, isn’t some unique failure. Most of us do the best we can financially, and still come up short from time to time.