13 Bad Money Habits You Should Break in 2016 to Build More Wealth

13 Bad Money Habits You Should Break in 2016 to Build More WealthGetting rich is a long-term game.

The good news is that starting to accumulate wealth is almost entirely under your control — all it takes is patience, the right mentality, and smart habits.

If you want to master your money and build wealth, start by ditching these 13 costly habits as you head into 2016:

Using out-of-network ATMs.

Whether it be out of laziness or ignorance, many people continue to pay ATM fees — and the seemingly insignificant charges can add up over time. In fact, consumers these days are paying an average of $4.35 each time they use an out-of-network ATM.

A good rule of thumb for 2016: If it’s not your bank’s logo, don’t use it.

If you live in a major city and use one of the traditional, bigger banks, there should be various ATM options nearby, which you can find ahead of time online. If your bank doesn’t have convenient ATM options — or if you live in a smaller town with fewer ATMs — you may want to consider opening a checking account with

4 Ways Credit Cards Manipulate You Into More Debt

4 Ways Credit Cards Manipulate You Into More DebtCredit cards are engineered to make sure you become a long-term, loyal, and indebted customer. Since many of the decisions that consumers make are not rational, card issuers work on those irrational impulses to make sure you spend money with their card without thinking logically about your actions.Here are four methods that card issuers use to get you to sign up for their cards and keep you in debt. (See also: Which Type of Rewards Credit Card is Right for You?)

1. Appealing to Your Individuality and Creativity

Once upon a time, credit cards all came in the same boring colors. But sometime in the past 20 or so years, banks started allowing cardholders to express their individuality through their credit cards. Suddenly, you could show off anything from your adorable nephews to your commitment to the Humane Society with every purchase you made.

Part of what is going on here is something behavioral economists refer to as the IKEA effect. This effect causes individuals to value something more if they worked to create it. Not only does that mean you’re more likely to keep the inexpensive

Here are 20 easy ways to save some money every day

Here are 20 easy ways to save some money every day1. Make a weekly “money date.” Commit to sitting down with your money once a week for a money date. During this time, update your budget, review your accounts and track your progress against your financial goals. Like any relationship, if you want your financial life to improve, you must spend time with your money.

2. Plan out your meals for the week. Taking a few hours every weekend to grocery shop and meal plan for the week will definitely save you money, as dining out is the No. 1 expense for most households. By eating at home, you save money that would otherwise be spent on tax and tip—and you usually save calories, too.

Read MoreAmericans lag in retirement saving

3. Cut out cable. Gasp! Cut out TV?! Never! But with services like Hulu, Netflix and Amazon Prime, you can now watch your favorite TV shows and movies for a fraction of the cost of cable TV.

A study by

How to Overcome Financial Hardship Quickly

Bills are the obligation that people should pay for the month. In order to get well facility during your daily life, you need to pay for the bills in the due date. What if you can do it on time? Just wait for the threatening letters then. The delay payment of bills is frequently occurred among the people. It gets hard when you have only some money. In this situation, you need to get the emergency cash. Most of the people with such problem commonly have bad credit background. If you are so, then you need to find a way to overcome this situation. When you need more information about bad credit loan, you may kindly visit this website bestratedpaydayloans.com.

Applying for a loan to a bank or any financial institution is completely wrong. The first reason is you need to make them sure that you are able to pay it. The second one you need to deal with lots of documents to make them sure again. The last one is you will have long process to go. Well, the result might be not coming as you expect. It would be good for you to find another solution.

Best Financial Advice For Small Business Owners To Try Now

Modern economy goes on improving. Nowadays, small-business owners have more opportunities to grow that in the past. Use modern business opportunities to your advantage and gain better chances of success.

Below you can find top financial tips for your small-business owners and entrepreneurs that will give you a competitive edge. Start using these smart business ideas now to overcome many of the challenges on your way expanding.

  1. Access Capital

The Great Recession, the financial crisis of 2007–2008 and US subprime mortgage crisis of 2007-2009, is left in the past. Today, banks have money and are willing to lend. However, good credit and a well-thought business plan are still among requirements. So don’t fail to prepare a solid business plan to improve your chances of getting a loan for your business.

By accessing capital, you can:

  • Enlarge your business by purchasing another company, hire new employees, and offer new products/services
  • Set up a line of credit or LOC
  • Refinance an old debt at currently available lower interest rates
  1. Turn to Reliable Payment Processor

Turning to a secure and trustworthy payment processing provider is critical for merchants of any size and type. With

What is necessary to determine the potential of the trend

The novice trader has a rather complicated in the world of currency exchange. He has a lot of questions that very few answers. Some of them have to deal for a long time, and the good of it, it seems, is not enough. The most important resource on forex analysis ttps://freshforex.com/analitics/ – this time, which no one wants to lose nothing. Therefore, newcomers have traditionally try to get started right away without being savvy in terms of basic forex. On the one hand, such an approach is valid, on the other – is reckless. In this article we will explain what the potential of the Forex trend.

The essence of the trend potential in forex market analysis

If you think about it in the word “potential”, it becomes clear that this is an opportunity to make a profit trend. Or the lack of such a possibility. Calculating the potential advance, you are free from the risk of losing investments.

So, you want to see if the trend for us or not existing in the market is good. To do this, you need to find the line between reversing the trend and its correction. Corrective waves – it’s not drastic changes, but only

Some say you don’t actually need gap assurance if you buy a second hand car

It is simple arithmetic that can help you to decide whether you need GAP insurance cover or not and it has nothing to do whether you buy a new car or a used one. The cost that you have to bear for purchasing the car, the rate of depreciation and the mode of financing are basic factors that have to be considered to decide about the necessity of buying GAP insurance. The condition of the car, new or old does not matter at all.  Having a look at the financial equations involved in buying a car will help to understand things better.

Its big money

When you buy a car, the total payout includes the cost of the car plus taxes and duties together with the cost of buying a comprehensive car insurance policy and this is quite a significant sum. In case you are ready to bear the total liability and you have the money then you surely do not need GAP insurance. But if you have to borrow money for buying the car it means that besides acquiring the car you are also acquiring a big liability of paying back the loan.

Tax refund fraud can happen again and again

Tax-related ID theft is a scam that can hit you from all directions. And tax fraud lightning can strike twice, too.

Refund fraud is again a hot topic this tax season. And we still have more than a month until April 18, the filing deadline for most taxpayers this year.

The Internal Revenue Service even had to halt its own online service, put into place to help protect tax filers who were fraud victims in earlier years. Cyber crooks had figured out a way to break into that system and re-victimize some of those same taxpayers. The crooks are just that daring.

Security watchdog, KrebsOnSecurity.com, reported in March that ID thieves figured out a way to break into the IRS system  set up to protect the identity of previous victims of tax refund fraud.

By getting a PIN, the cyber crook can file yet another phony return using your ID. The IRS has suspended the program.

Some taxpayers are already worried they’re going to get hit again this tax season. Some already know that they’re ID tax fraud victims twice in a row.

We’re hearing more stories of other hacks this tax season too — including the IRS admitting to a much longer list of victims of ID theft via a “Get My Transcript” fiasco.

Melanie Duquesnel, president and CEO of the Better Business Bureau serving eastern Michigan,

Expert Student debt crisis overblown

Americans owe a staggering $1.3 trillion in student loans — a debt load that looks set to not just grow, but also pile up faster in coming years.

Yet, even with economists and politicians across party lines raising concerns about the swell in outstanding student debt, some experts say it’s too early to conclude the loans are dampening the economic recovery.

“I think the evidence that this is having a drag on the economy is unclear as of now,” said Andrew Kelly, director of the Center on Higher Education Reform at the American Enterprise Institute, on CNBC’s “Power Lunch.”

“More student debt means that more people are getting an education,” he said Wednesday. “People who get an education have higher wages. They pay more in taxes; they buy more things.”

Economists aren’t so sure. Earlier this month, researchers at the St. Louis Fed’s Center for Household Financial Stability said in a paper that student debt may “present a significant headwind for the aggregate economy.”

What makes student debt particularly concerning, the economists wrote, is that much of it is held by younger borrowers — which may inhibit them from buying homes, investing, or saving for retirement as they age.

Kelly, however, believes the “crisis rhetoric” surrounding student debt has been overblown.

The fact

Tax forms you may have forgotten about

You likely already know you need some version of Tax Form 1040 to file your personal taxes, and you’ll also be needing your W-2 from your employer to help you fill it out. But you might be overlooking some of the other forms you’ll need if you, say, won big on that trip to Las Vegas or started paying back your student loans last year.

Here are some of the tax forms you might not have known you needed.

Form W-2G

What happens in Vegas stays in Vegas, except if you win money — then you might have to tell the IRS about it. Form W-2G, Gambling Winnings, is used to report gambling winnings (direct wager only) of $600 or more in any one session and 300 times the buy-in or wager.

Tax Form 1040X

Need to correct your tax return? Whether it’s reporting additional withholding, changing your tax deductions or personal exemptions, adding or removing dependents or reporting additional income, this is the form to use.

Remember, though, you do not need to file a 1040X if you are only correcting errors in math ― IRS computers automatically check the math and make those corrections for you.

Form 8822

Did you move? Well, the IRS would like to

Wolff After Hogan suit a post Gawker Gawker


Nick Denton’s Gawker, the Internet gossip site, has repeatedly invaded my privacy and maligned my family, as it has those of many of my friends. I thought to take the opportunity of Hulk Hogan’s privacy suit against Denton and Gawker, now being tried in a Florida court, to argue that a loss for Gawker might reasonably inhibit its feeling that there are no limitations or consequences in digital publishing.

But, on further consideration, I realized that has already happened, no matter the trial’s outcome.

Social media virality may have magnified Gawker’s reach and importance and feelings of invulnerability, but with revenue of about $45 million a year, it is a very small publishing business now facing disproportionate and perilous legal risks. The $100 million lawsuit against the company for posting a secretly recorded sex video of wrestler and reality TV star Hogan threatens its survival. To help with these costs, the heretofore independent Denton has been compelled to take an investment round, a deal which presumably would discourage him from recklessly risking his investor’s money in the future.

Then, too, as the Hogan lawsuit wound its way to court, Gawker — continuing to pursue its belief that sexual perfidy is the key to understanding the sorry

5 Things You Should Never Buy With Your Credit Card

It’s a big temptation: Your pockets are empty, and you desperately need that morning coffee to get through that commute. But don’t do it — don’t take that credit card out of your pocket. If you can’t pay for that latte with cash, skip it and drink from the free coffeepot at work.

It’s easy to pay for purchases with credit cards. Maybe too easy. But there are some items that you should never pay for with a credit card. Why? There are always better ways to pay for these items, whether they are small, everyday purchases or big-ticket buys.

Here are five items for which you should never rely on plastic.

1. Medical Bills

Facing a big medical bill from your doctor? Don’t use your credit card to pay for it. Instead, ask your medical provider to set up an installment payment plan for you. Most medical providers will do this, and the interest rates that they charge (if any) will be lower than the rates attached to your credit card.

2. Income Taxes

If you owe taxes, you do have the option of paying them with your credit card. Again, though, there’s a better choice. If you owe thousands of dollars to

A hard pounding

CATERPILLAR is one of the most renowned industrial brands. It makes the kind of heavy machinery—loaders, excavators and off-road trucks—that is used in the construction, mining and transport industries when things need to get dug out or shifted somewhere. But the firm’s latest results, released on January 28th, show that it is struggling to shift its own products. “This past year was a difficult one for many of the industries and customers we serve,” it said. Revenues in 2015 were nearly 15% lower than they were in 2014, and 29% below the 2012 peak.

The company’s woes are emblematic of the problems facing manufacturers worldwide. Although manufacturing is a much smaller part of most developed economies than services—just 12% of output in America, for example—its recent weakness makes many economists nervous about the wider outlook.Recent data point to the size of the problem. Big jobs cuts have been announced this year by GE, Tata Steel and Bombardier. In December industrial production fell by 0.7% in Italy, 1.1% in Britain, 1.2% in Germany and 1.6% in France. In China both the official purchasing managers’ index (PMI) of manufacturing activity and that of Caixin, a leading financial magazine, are below 50, the

How to actually save more money

I heard something on the radio this morning that got me fired up. It was a segment about tips on how to save more money. What came was a predictable list of “brew your own coffee,” “buy generic products,” and “bring your lunch to work!”

I can’t stand these lists. I think they’re dangerous, because the average American’s dismal financial state has little to do with coffee, name brands, or lunch. The people writing these articles mean well. But they’re the equivalent of telling a drowning man how to dry his clothes — advice that seems helpful but misses the bigger problem.

Most workers reading this article earn enough money to be saving a lot of it. If you can’t, it’s likely because the gap between reality and your ego is larger than it should be. And if you dig into that gap, I think you’ll find just three things:

• your house

• your car

• your education

If you want to actually save money, start there.

Your house

The average new American home now has more bathrooms than occupants. Nearly half have four or more bedrooms, up from 18% in 1983. While the median household’s inflation-adjusted income has been stagnant for decades, the median new home’s

5 Painless Ways To Save More Money

In a world where there is always a new gadget to buy or candy to try, saving money isn’t easy. The good news is there are several ways that you can save money without turning yourself into a miser. In fact, you won’t have to change your behavior at all. In this article we’ll explore five handy tips that don’t involve canceling the cable TV or downgrading your Italian vacation into six nights on your grandmother’s sofa. You may be surprised how a few simple changes can really add up.

Virtual Piggy Banks
It used to be that when we had change in our pockets at the end of the day, we’d toss it on our dresser or put it in a bowl or piggy bank. Budding scrooges rejoiced at how this loose change could quickly add up to a few hundred dollars that could then be used on groceries, entertainment or even placed in a Roth IRA.

The problem is that fewer and fewer of us actually use real money to buy things. Plastic has become the norm, and piggy bank makers have been forced into early retirement.

8 Easy Ways to Save More Money Today

Saving more money doesn’t necessarily mean giving up restaurant meals for good or never buying a new outfit again. In fact, there are plenty of ways to save money without making too many sacrifices. The following eight ideas might take a bit of extra effort, but they also have the potential to pay off, right into your bank account.

1. Get healthy. For people who struggle to stay fit, eating healthy and staying in shape is easier said than done. But for those who are in good shape, you can save a lot of money on life insurance and individual health insurance plans. And as an added bonus, you’ll feel better and have more energy. You don’t have to join a pricey gym, either: You can take up walking or jogging, or download a free app that helps walk you through different exercise programs.

2. Rethink auto insurance. Every year, re-examine your auto insurance policy for savings opportunities. For example, consider raising your deductible, which lowers premiums. For older vehicles, evaluate whether you really need collision coverage, which covers damage to your car when your car hits or is hit by another vehicle or object. And make it a habit to compare auto

11 Careless Ways You Waste Money

Millions of Americans waste money without even realizing it. From spending money on food that ends up in the trash bin to collecting interest on credit cards and loans — Americans waste money every day in ways that are little and big. Consider these statistics: Americans throw out the equivalent of $165 billion in wasted food each year, according to the National Resources Defense Council. An average American will pay over $600,000 in interest over their lifetime, data from the website Credit Loan shows. And American households hold an average of $300 in unused gift cards, according to the website Gift Card Granny.

Don’t let your hard-earned money go to waste. Follow these tips to plug your money leaks.

1. Credit card interest
Credit card annual percentage rate’s range from 7.99 percent all the way up to 30.25 percent. How much are you paying in credit card interest each month? In an upsetting trend, credit card interest rates were higher the first three months of this year compared to last.

How to stop wasting: Unfortunately, there isn’t a quick fix to paying off credit card debt. If you’ve got several cards, accelerate payments for the card with the highest interest rate first. You might

6 Ways Chasing Credit Card Rewards Can Backfire

There is a lot to like about credit card rewards. Cardholders can earn valuable points, miles and cash back just for spending money on things that they would normally buy.

But at the same time, the temptation of rewards can lead cardholders to make unwise decisions that will ultimately cost them more money than any rewards earned were worth. Here are six situations when chasing credit card rewards can lead you down a bad path.
1. Going Into Debt

The most valuable rewards offered might be worth about 5% of the amount spent (here are some of the best rewards credit cards out there). But even when you can earn those rate of returns, you are wasting 95% of your money if the purchases you make are wasteful. This might seem clear, but card issuers know that some of their customers have rewards on their mind when they use their credit card, and this can entice people to overspend, either consciously or not. Overspending and getting yourself into debt can have a significant impact on your credit scores. You can see how your debt is impacting your credit scores for free on Credit.com.
2. Overspending to Earn a Sign-Up Bonus

Credit card sign-up

20 ways Americans are blowing their money

Ask a foreigner to describe the archetypal American and you’d most likely hear a none too flattering depiction of Americans as materialistic, arrogant, wasteful, and well-known for being an overtly consumer society. As Americans, we have the right to object to these insulting descriptions, and we use that right, as we should! However, the truth is that we (yes, even you) do end up leaving a surprising amount of money on the table in a variety of ways.

Bank fees, indulging in conveniences, and a whole slew of small behaviors we partake of as a society involve wasteful money habits.

Making subtle changes in our lifestyle can greatly diminish the amount of money we waste, and can result in having more financial security down the road.

Check out the following and see if any of the figures surprise you! Make it a challenge, and pick at least one item to cut back on.

20. Credit card interest

Currently, the average credit card debt per U.S. household is $15,270, and in total, Americans owe $856.9 billion in credit card debt, based on American Household Credit Card Debt Statistics as of January 2014.

The 39 percent of Americans who carry credit card debt from month to month often

How to Not Waste Money

Wasting money is incredibly easy – unfortunately! Yet, with a little thought into your spending and saving practices, you can very easily curtail over-spending and start making your money go further rather than frittering it away. When you’re in the frame of mind to stop wasting your money, give these steps a try.

Sit down for an afternoon and do a little financial research. Although this isn’t on the list of most people’s top priorities, it should be because this is where you can stop wasting a lot of money. The things to examine include your banking arrangements, your retirement fund, and your insurance rates:

  • Find out about your retirement funds. Are you even set up for such a fund? It can have several advantages over a regular savings or investment account. And if you have one, have you got the best deal possible? Look for retirement funds that your employer matches. Even if you’re not employed, you may still be able to take advantage of such accounts; ask your financial adviser or do some research.
  • Review your other investments beyond your retirement funds, if you have them. Are they a sensible mix of kinds of investments for you? Are the

8 ways to save money on a tight budget

Don’t start the new year short on cash. Saving money is not only possible, it’s imperative that you save when your discretionary dollars are limited.”When your budget is tight, one random expense has a huge impact because it’s harder to come up with the money,” says Kelsa Dickey, owner of Fiscal Fitness Phoenix in Arizona.

Finding a way to start saving money so that unexpected expenses aren’t so devastating may not be easy. But shifting your thought patterns can yield long-term results.

Best banks for savings — view today’s rates

“Being a ‘saver’ as opposed to a ‘spender’ is a mindset that may not be natural to most people,” says Aries Jimenez, financial life planner for San Diego Wealth Management. “However, it can be developed through practice.”

Here are 8 ways to save money when money is tight.

Shop smarter

Stop buying things without shopping around for the best price, says Keith Klein, CFP professional and principal at Turning Pointe Wealth Management in Phoenix.

Make a commitment to comparison shop for essentials and look for coupons and sales online or in your local newspaper. Then, buy the lowest-priced items.

Don’t stop there. Take the difference of the amount you paid and the amount you would normally spend on the