Know Your Numbers

Everything in life revolves around numbers, so it would make sense that you need to know your numbers.

You need to know your social security number, your phone number, your street address and the numbers to your driver’s license, even what number your combo meal is at your favorite fast-food restaurant.

If there weren’t numbers in sports, how would you know who won the Super Bowl? Can you imagine?

In finance, knowing your numbers is the first step towards putting together any sort of financial plan. There are four key numbers that you should be able to rattle off faster than your cell number.
 Your Credit Score:
This is the single most important number that will define most of your financial future. With a good credit score, one that is north of 720, you get the best rates for buying a car, getting a 0% interest credit card, refinancing your student loans, buying a house and so on. You are the crème de la crème.

With a not-so-good credit score, anything below 700, you are considered more of a credit risk. There are lots of things that can drive your credit score down, including too high of a balance on your credit cards, lots of credit inquires and more, but the major reasons for a lower score are collection accounts, unpaid balances and late payments. Paying your bills on time is one party that you never want to be late for.

Every year you should make a date to get your credit report. You can get a free credit report from lots of places online including Annual Credit Report.

If you do a Google search for credit reports, you will see that many times you need to pay to get a report. There are two reasons you would want to do this:

1) You want to get monthly credit monitoring

2) You want to get a credit report with your credit scores on them

Wait, you mean I don’t get my credit score with a free report? That’s right!

If you want to get your score, I suggest spending $9.95 with Creditreport.com. If you don’t know what your score is, it is always a good idea to spend the money so you can know what those numbers are once and for all.

The numbers can and do change, so make sure you are checking them once a year. If anyone ever runs your credit and asks you if you want a copy of the report, your response should always be, “Yes, please.”
 Your Paycheck
“How much money do you make?” “I don’t know I never open my paycheck stubs.”

That is a common conversation between a financial planner and their clients. If you don’t open the paycheck stub, or check your direct deposit online,  how will you ever know if your deductions are correct, or if you have vacation time or how much exactly you have to budget for that month?

If your paychecks are one of the sad and lonely paychecks that never get opened, now is the time.

Open the last paycheck you’ve received and take a good look at it. All the numbers might not make sense, but at least you can figure out how much will be deposited into your bank account. That’s a good starting step.
 Your Expenses
Expenses are those little costs that eat away at your bank account every day. They include the big things like rent and car payments, and even those silent budget killers like your coffee fix and your parking fees.

[Tweet “Knowing what your expenses are is the #1 way to stay on budget each month”]…or at least in a healthy range of your budget.

Hey, it’s normal that things come up from nowhere every month that you have to spend money on, but that’s why it’s also important to get yourself some savings.

If you haven’t tracked your expenses, there is a common cure that is easy to apply. Print off last months statements from whatever accounts you pay most of your bills through. If you use an ATM card, then it would be the bank account tied to that card. If it is a credit card, then it would be those statements.

How to Rent a Vacation Apartment for Less

Paris is the “City of Lights”…and food…and love…and really expensive hotels. The best way to save money on your trip is to rent an apartment in Paris.

My first trip to Paris was in 2007. I clearly remember stepping outside the taxi at the hotel and just turning around in circles endlessly. I’m not a huge architecture girl, but Paris is something else.

You can look at endless Paris pictures and watch movies with Paris as the backdrop, but you cannot even imagine how stunningly beautiful this city is until you've stepped foot on its sidewalks and meandered through its streets.
 The Broke Down Budget
Without blinking, you can easily spend $250-$350 per night on a decent room in Paris. Not a luxurious room, but a decent room. It is truly one of the most expensive cities, and rightly so.

Spend a week in Paris and your budget will surely suffer from the “break down syndrome.”

Tired of paying those ridiculous prices for a shoebox-sized room, I took matters into my own hands and decided to research other options to stay in Paris.
 My Favorite Friends
I would like to introduce you to my very favorite apartment rental friends:

VRBO
Airbnb
Flipkey
Tripping

Watch the video below for my system to scoring a great apartment in Paris. I urge you not to shy away from renting an apartment in Paris, or anywhere you will travel to.

These friends have saved me thousands and thousands on overpriced hotel stays every trip to Paris.

For example, on our last trip to Paris, we only spent $125 a night, got three nights free and had a great apartment with a kitchen, full bathroom, computer, dining table, and lounge area in my favorite arrondissement.

When it comes to negotiating, you are looking at 4 main factors.

Price per night
Price per week
How much deposit they need
Any freebies

You can negotiate on each one of these items, but especially numbers 2 and 3. I always choose to select an apartment where I don' t have to give a deposit, but it does take time to find those rentals.

If searching for hours is not your cup of tea, then I suggest you always negotiate the deposit amount and offer 35-50% less than what they are asking.

Some apartments will even let you get a very inexpensive rental insurance policy, usually under $100, to cover any damages.

[Tweet “There is nothing cooler than renting an apartment in Paris. Here's how to do it for less. @shannahgame”]

A few other great Paris rental sites:

Paris for Rent
Paris Perfect
Home Away
Paris Stay

Now for some B-roll footage…

 

The post How to Rent An Apartment in Paris for $125 a Day appeared first on Everyday Finance.

How to Make Money While Shopping: COSIGN

Eating out, going to the movies and shopping are three of the biggest budget busters.

Often, if your budget is in serious breakdown mode it can be attributed to one or more of these three little gems. No need to bury your head, we are all guilty.

Consumers spend close to 3% of their income on shopping for clothing every year. That could account for a couple thousand dollars every year.

Pinpoint Demographics put together this great list of the Top Ten Cities by Spending on Clothing per Capita, 2011. Interesting to note that not one of these cities is actually a big city.

1. Danville, Calif. 94506 (suburb of Oakland)
2. Los Gatos, Calif. 95030 (suburb of San José)
3. Los Altos, Calif. 94022 (suburb of San José)
4. Southlake, Texas 76092 (suburb of Dallas)
5. Novi, Mich. 48374 (suburb of Detroit)
6. Saratoga, Calif. 95070 (suburb of San José)
7. Great Falls, Va. 22066 (suburb of Washington, D.C.)
8. Santa Clara, Calif. 95054
9. Chappaqua, N.Y. 10514 (suburb of New York City)
10. Oakton, Va. 22124 (suburb of Washington, D.C.)

What does this have to do with you?

What if I told you there was a way to make money while shopping, and that it was actually very easy to do?

That might change the game for you, right?
Meet CoSign
COSIGN is a great new mobile shopping app that just successfully funded their Kickstarter campaign.

“Chances are you already share the brands you love through social media, and social media is also inspiring you at every moment. How many times have you seen something you like and thought, where can I find that,” says COSIGN creator Esosa Ighodaro.

Social media has opened up the doors to experience everyday life in a whole new way. Information travels with pictures and leaves the viewer inspired.

Remember that great pair of shoes you saw your friend wearing? What about that awesome necklace that you just have to have?

COSIGN will surely become your new best friend by combing two favorite activities together – shopping online and making money. Even mogul Russell Simmons thinks so.

How Does It Work
If I had you at make money while shopping, then COSIGN is something you should become very familiar with. It's very simple to use, and takes no more time than posting any other picture to social media.

1. Take a picture of your outfit or a product

2. Drag and drop the keywords associated with the products (COSIGN already has a ton of well-known stores that are on board)

3. Sare your shoppable post to your followers

4. If a follower sees something they like, clicks through to an online store and purchases ANY product from that store, then you will receive a handy commission check in your mailbox

Depending on the retailer, you could receive anywhere from 3-35% of the purchase price.

For instance, let's say your friend buys a new pair of $150 shoes and the vendor pays 10%. Suddenly, you get a check for $15.00 smackeroos for not really doing anything other than sharing what you love.

If you get ten friends to buy those boots, then you have enough money in commissions to buy another pair for you for free! Now that's a shopping deal that I can endorse.
No Guts, No Glory
Esosa and her partner, Abiodun Johnson, risked a lot to bring COSIGN to the marketplace.  Esosa left her job to start COSIGN and used her savings to invest in its growth.

Unlike many other entrepreneurs, Esosa learned that sometimes you have to make gut wrenching decisions to follow your dream. “Finding funding is probably been the hardest part about being an entrepreneur. I was like, hey I have this cool idea, now put your $$ behind it, and no one seemed to care as much as I did, ” exclaims Ighodaro.

Learning to manage all the demands of an entrepreneur is never an easy task. It takes time,

1 56 57 58