Credit Cards with Benefits

Today it is not so easy to find a credit card that offers all the perks that were once common.  There are travel cards where you can accumulate miles for your next vacation but free stays in hotel and discounts on shopping are fading fast.  With some work, you can still find a credit card that will offer no interest for the first six months.  If you have one of these and you can find another in six months, you can transfer that balance to get another six months of no interest.  

If you do a search online for credit cards, you can find them with their rewards listed. Sapphire lets you redeem points for gift cards, travel and merchandise but the Venture rewards are all about travel miles. If you fly often, this would be the perfect card for you to rack-up miles to use later for a vacation.

Protecting your credit information today is important and because of the scams and credit identification theft, many people are paying for a credit monitoring service that also offers fraud protection.  You too can make use of this service and get the first month free by using a coupon from discountvouchers.org. 

Defining your Financial Goals

Financial goals form the backbone of your budget scheme. Setting long term and short term financial goals sets the pace of your spending and earning habits.

Whenever you budget your money, it’s never enough for you to plan for expenses incurred on a daily basis. Long term financial goals should be set 5 to 10 years from now. For example, your long term financial goal could be to save up enough money to pay for your son’s college tuition.

What you need to do then is to find out the projected cost of sending a child through college in 5 to 10 years time. Find out the estimated inflation rate in 10 years time, and compare that to the average college tuition we have today. It’ll give you a rough idea of how much you need to set aside for your child’s education.

After gauging your long term goal of let’s say $500,000 in five years, look at your average monthly expenses, and see if it’s possible for you to set aside $100,000 annually. Short term goals are goals you set on a monthly or yearly basis to reach your bigger, long term plans.

The figures may look ridiculously impossible now, but if you have good reorganizing skills, you can surely do it. Look at your list of expense priorities again, and cross out the assets that you don’t really need.