According to the law of a number of states of the United States and majority of the Canadian provinces handwritten wills are legal. However, there’s no better option than getting your will done by a notary or an attorney; this is because handwritten wills often contain mistakes. Below we have discussed the mistakes that people commonly make while writing their wills. Often they forget to mention name of an alternate Executor. Often these will declare relatives and friends as nominee, but do not mention what will happen to the property if the author outlives the nominees. In most cases, when a person decides to write his own will, he does not make enough provision for the individuals administering his estates; this includes power of selling, converting assets into cash etc. When a layman  [...] 

I know families which start of with two sources of income but eventually the situation pushes the family to carry on with one income. This kind of problem occurs specially when a couple is working and due to the expansion of the family the wife has to sit back at home. The family is thus left with tapping only the income of the father. There are plenty of cases where this is seen and though the wife sticks on to freelancing options for income but the lion share of the family’s expenses are run by the father exclusively. The expenses of the family may run in this case but the saving for retirement as well as for the children’s higher education becomes a big question. The most convenient method for saving for the retirement is to space at least 10% of your annual salary every year for your  [...] 

As the name suggests, Peer to peer lending, is a sort of knocking the neighbor’s door or dropping in to a friend’s house for money. Yes, this concept of lending existed since time immemorial but was not as organized as it is now under the official label of peer to peer lending. The concept of peer to peer lending initiated long back and officially came into existence in the year 2005. This lending has opened the door to many people to get loans at an affordable interest rate. Basically, the borrowers of this kind of loans comprise people who need to pay off their already existing debt or some one who is looking for ways to fund his business, or any student looking to finance his or her education. Mostly loans of very small amount that are needed for the said cause are acquires through peer  [...] 

Debt is a big peril among the common people and especially in the climate of credit that is prevailing strongly in today’s world. The credit card and easy processing of loans have made debt an all time companion of many people. Naturally, when such a circumstance arises there is a need to perform the personal debt management. I have seen people taking help of financial advisors when they are deep neck in debt issue. The financial bind into which people find themselves during a heavy debt cannot make them decide judiciously. All too often, a debtor lands up in a poor personal finance management as they mostly reach to an advisor who is not much adept in handling debt. This happens due to the emergency as debtor cannot pay much heed to the quality of the financial adviser. Not every case of  [...] 

Financial plans are not that tough if the economy is not maligned with high progressive taxes, inflation etc. When all the financial perils stand by the side it becomes a tough job for an individual to plan for his expenses which will maintain a good parity with his paycheck. This is the time when one requires advises from a financial advisor. Living prudently can be tough but the task gets eased to several echelons as a financial advisor charts your course of spending and saving through his advices. But you are now laden with a new task and that involves finding a good financial advisor. The tag of a financial advisor may change as per regions or the preference of the advisor. You may come across several names like “financial consultant”, “Financial Planner” and many more. But all  [...] 

It’s a new year, a new age, and a new dawn. A friend of mine wished me a prosperous New Year in a more jocular vein since she might have to borrow money from me. But I wish you a prosperous New Year minus that one caveat. And I do wish all of you break the cycle of greed and fear if you have been locked into it. It is so easy to look at X% possible returns and wish you got that instead of what you are getting. But it is important to instead maximize your earnings and look to use personal finance news invest according to your goals. Use personal finance news to your benefit and save money by following these three simple rules. “I will use protection…against inflation” Tax in itself is a bit obvious in the manner in which it eats into your finance. Inflation on the other hand is more  [...] 

Perhaps you are hard up for money but no one will extend you a loan. Maybe you have made late payments on your credit cards to the extent that you have shot your credit score to bits. Now, in your hour of need, no one will be giving you a loan. What do you? Have no worries, because like a knight in armor come to save the fading day, you can always use personal finance loans as a way out of this little mess that you’ve made for yourself. Normally, getting personal finance loans are easy as hell and you can get them without much of a hitch at all. Normally, the formalities of these personal finance loans are easy to complete and you won’t have to wait a lot at all. The fact is that these loans are much smaller than the common loan that you find out there and so they can be put towards any  [...] 

There was a time, and it was not so long ago, when you could get a home loan from pretty much anyone you wanted to irrespective of how good or bad your credit score was. Today, lenders are looking for much improved credit scores if you are to get a loan from them and for some reason or the other that just doesn’t happen. People don’t have that kind of score on hand. And so if you are looking to get a loan or a mortgage you will be left high and dry as one lender after the next lets you down nicely or not so nicely. And did you employers also use credit scores to decide who to hire? What can be done about a bad score then? Well, simple. You turn it over to credit repair companies. Credit repair companies, as the name might suggest to you, helps you fix up that credit score and makes  [...] 

Many young adults face a unique set of circumstances that causes them to struggle when trying to build credit history. Inexperience with finances, loans to be paid off, social pressure, a lack of financial planning; all of these are factors that will lead today’s young adults down the path towards a poor credit scores. It’s why you, as a young adult or even otherwise, need to build credit history. There are long-term ramifications of having bad credit, and exercising a bit of restraint today will go a long way towards helping you in the near and distant future. It is unsurprising to see that a Harvard Professor in behavioral finance, David Laibson, conducted a study that ascertained one simple fact. Most of the people that get lumped with surprise penalties and fees are newer cardholders  [...] 

We all know who Warren Buffett is, and that he is one of the richest people on our planet. However, he did not become rich. It started with one thought: ‘I always knew I was going to be rich. I don’t think I ever doubted it for a minute’ He always knew he would become rich, even when he did not have money to meet monthly expenses. And he became rich, simply because he believed it very strongly. Unwavering Belief Everyone leads a normal life, by working few hours a day, enjoying their weekends, and hating their lives. However, few have ‘crazy’ ideas in mind which they believe in. They strive it happen; challenge themselves and other; take the road less traveled, and follow through till the end. This system works similar to a car. If you don’t have gas in your car, it wouldn’t  [...]