Tips on how to cut cost and save money

save money

For anyone looking to save money, it’s important to see where you can cut cost on your spendings. We must first look into our monthly, or daily spendings and see where our money is going. Once you have an idea then you can look to see where you can cut cost on unnecessary spendings. We’ve listed a few tips below on where and how you can save money or cut cost on your spendings.


Amazon warehouse

Do you shop on Amazon frequently? If you’re like one of the many people who shop on Amazon, you may be interested in saving money by looking into their Amazon warehouse deals. The items from their warehouse deals are all discounted. Normally the items have been returned by a customer but they are still in great working condition. Next time you’re on Amazon, make sure to check them out.


Free furniture

Are you in need of furniture? Instead of spending money on furniture, you can look into online sites where people are giving away their furniture for free. Simply contact them and arrange to collect the item. Sites such as gumtree freebies, preloved and freecycle normally have a list of free items up for grab. It’s normally first to come first serve, so get in there before someone else does.


Take out cash

Most people normally spend more when they use their contactless card. It’s also difficult to manage their spending when they can’t physically see how much they have spent. So instead of using your card, you should start taking out a certain amount of cash to keep your budget in check and to prevent yourself from overspending.


No spend day

Almost everyone spends their money on something every day. Some may spend less on certain things, however, when you add your everyday spending for the whole month, the result can be quite shocking. So to cut some cost, why not try the ‘no spend day’ every week and see how this can easily cut your cost for the month.

3 Easy Ways to Get Money Fast


When it comes to getting money in a short period of time, men and women might feel that they are limited in the options available. Traditional lenders often take time before they offer any funding and waiting on work might not always be an option. Though the options might seem limited, it is possible to get money fast without going through complicated processes.


Carboot Sale

Attending a car boot sale is another method of making money quickly. A car boot sale or any similar sale of old and unused items will vary in the amount made based on the set prices and the number of individuals who come to buy those old knick-knacks, cups, books or other unused items. This will require about a day to set up and attend and normally happens every weekend, you can probably find a number of them in your area.



One method of how to get money fast is from direct cash advance lenders. Payday loans are a type of short-term loan that offers immediate funding as soon as the application is approved. When looking for options to get money quick, payday loans are a simple solution to the situation. The lenders provide small loans, so the amount of funding is limited to the lender’s policies. The payday loans are repaid within a short period, which often averages around two weeks or so depending on the lender and the amount of time requested for repayment.


Friends and Family

Asking for money from friends and family is always another option when wondering how to get money fast. Borrowing from friends and family does have the inherent risk of changing the relationship, but it can provide immediate relief from emergencies. When borrowing from friends and family, making an effort to repay the full amount as soon as possible is ideal to help keep the tension in the relationship to a minimum.


The need to get money fast might lead to considering numerous options. When it comes to methods that provide instant cash, several of the options drop out of the picture since they might take a longer time than expected. One of the best options available, when funding is needed for a short-term situation that is possible to repay in a week or two, is the basic payday loan because the amount of money available is usually enough to work around the situation and the money is given to applicants before leaving the office. It will not require asking for help from loved ones while at the same time avoiding the hassles of a yard sale. Getting cash quickly has limited options, but ultimately can handle sudden emergencies without difficulty.

How to Get Money Online

online cash

When wondering how to get money fast, turning to online resources can result in making more than expected in a short period of time.

Paid Surveys

Taking paid surveys is one of the options available to get money quick through online resources. Paid surveys are questionnaires about a wide range of topics. The questions might relate to specific products and types of products or might have more general questions like experiences in a store or information about what people are looking for in the holiday season. Regardless of the topic and questions, many men and women are able to get money fast through online surveys provided by businesses and companies who need data to improve their customer base. When looking for paid surveys, legitimate options usually do not require any membership fees or payments.


Blogging is another option when thinking about how to get money fast. When it comes to blogging, the methods vary in how to get money fast. Some use affiliate programs where the blog discusses a type of product and then provides a link that sells the product, making a set amount for every sale. Others use pay per click and ads on the blog that provide some money with every visitor click on the advertisement. This method can result in limited profits or large profits, depending on the number of viewers, but is an excellent way of getting money fast.


Selling items online is another option to make money quickly. Selling unused items in storage on auctioning websites or secondhand websites can result in large profits from unwanted items. The amount made on the sales varies based on the specific item and the method of selling.


Freelancing skills online is another option to get money quick. Freelancers provide specific services to companies and individuals who need some type of content. Freelancing can range from editing and writing to selling photographs and videos. The key to freelancing is having a niche skill the business needs. Freelance jobs are often based on the type of project the company or buyer needs. For example, a photographer might sell photos of various dogs for a website about dog training or an editor will read through numerous documents and correct errors according to the preferred style of the buyer.

Making money online is not difficult as long as precautions are taken to ensure the option is legitimate. In many cases, it can result in money within a few days to a week so you really can get money fast! The money from surveys, freelance work, affiliations, blogging or other online opportunities varies in amount and the length of time needed to reach money making goals.

How to avoid yourself from bankruptcy

Nobody wants to go down the road of bankruptcy. If you think you are likely to head that path, it’s important you must find a solution to get out of that situation. Luckily there are various ways you can apply to your daily life that can help you move away from being bankrupt. The first on the list is budgeting. Without budgeting, you are more likely to overspend on the things you don’t need. The next one is possibly selling some assets that you don’t need. This is also another way of making money. For more methods, we have gathered some information below that could help.

10 ways to avoid bankruptcy

BANKRUPTCY should be the last resort. If you accept you have big money problems you have taken the first step to helping yourself. Here’s our 10 tips to keep afloat:

1.If you are struggling to make ends meet, don’t panic and ignore the problem. It will only get worse.

2.Don’t take out more credit or put more on existing cards or loans. Stop spending!

3.Tell those you owe money to that you are having problems. Try to renegotiate debts by reducing monthly repayments or freezing interest. Some may accept a lower one-off sum in final settlement.

4.Don’t pay off the person who is shouting the loudest. Pay the important bills such as mortgage, rent and utility bills first.

5.Take control of your finances. Don’t leave post unopened and don’t ignore court papers … read more at

How to Avoid Bankruptcy and Spare Your Credit

Sell whatever you can spare and use the money to pay off your debts. Take action immediately when you notice you can’t afford to make payments anymore. If you wait until you’re behind on payments, it may be too late.

You can sell your furniture, jewelry, and electronics on eBay, Craigslist, even in your front yard. Is this a radical way to avoid bankruptcy? Perhaps. Many people can’t get past the inconvenience of living without their things, but you can adjust and it’s only temporary. It will help you avoid bankruptcy and spare your credit … read more at

Michael Lewis: How to Avoid Bankruptcy


The main reasons why people ends up in bankruptcy

You never know when you will go bankrupt. Bankruptcy can be experienced by different people including, male, females, couples, old and young. By knowing the main reasons for bankruptcy, you can prevent yourself from going through this tough experience. According to researchers, bankruptcy is caused by a variety of reasons, but the main reasons include using too many credits or loans, overspending and
losing your job. If you would like to know more, we’ve gathered some information below regarding why people
ends up in this bad situation.

Top 5 reasons why people go bankrupt

Poor/Excess Use of Credit

Some people simply can’t control their spending. Credit card bills, installment debt, car and other loan payments can eventually spiral out of control, until finally the borrower is unable to make even the minimum payment on each type of debt. If the borrower cannot access funds from friends or family or otherwise obtain a debt-consolidation loan, then bankruptcy is usually the inevitable alternative.

Statistics indicate that most debt-consolidation plans fail for various reasons, and usually only delay filing for most participants. Although home-equity loans can be a good remedy for unsecured debt in some cases, once it is exhausted, irresponsible borrowers can face foreclosure on their homes if they are unable to make this payment as well … Read more at

1. Medical Expenses

A recent Harvard University study showed that medical expenses account for approximately 62 percent of personal bankruptcies in the US. Interestingly, the study also showed that 72 percent of those who filed for bankruptcy due to medical expenses had some type of health insurance, thus debunking the myth that only the uninsured face financial catastrophes due to medical-related expenses.

2. Reduced Income

Companies are cutting down on their expenses; and for many employees, this results in major pay cuts and reductions in bonuses. The end result to employees can include bankruptcy.

3. Job Loss

Even if there’s a substantial severance pay, job loss can quickly deplete one’s savings and assets. Plus, job loss brings extra expenses such as COBRA insurance — and there’s no guarantee as to when a new job will be forthcoming … Read more at


Tips To Help You Stay Debt-Free After Filing For Bankruptcy

People end up filing for bankruptcy for many reasons, but one of these reasons is due to a lack of knowledge in money management. Irresponsible decisions and actions can cause you to have serious financial problems, and you might decide to file for bankruptcy to get out of this mess. The only problem is that if you do not make the right changes, you may end up in the same mess later on in the future. Here are three things you will need to learn after filing for bankruptcy, and these things will help prevent you from ending up in the same financial situation again.

Set New Goals, Objectives, and Strategieslocal-business-finance

According to Bankruptcy Canada, about 10% of people that file for bankruptcy have already filed for bankruptcy at least once in the past. If you do not do something different with the way you handle your finances, you may end up as one of the 10%. In order to avoid falling into the same trap, you must consciously make the decision to change, and this can involve setting up goals and strategies to follow.

You may need to talk to your bankruptcy trustee about this, or you may want to talk to a professional financial counselor, but you must begin living in ways that are different than what you are used to.

Take your Credit Counselling Classes Seriously

One of the ways you can learn how to do this is through the credit counselling courses you must take. When you file for bankruptcy, you will be required to take of these classes. You can take these in a classroom or online, and the goal is to educate you about money management.

Some of the things you will learn include:

  • How to set up a budget
  • How to cut your spending
  • Ways to save money
  • Tips for living within your means

These courses will teach you a variety of different things, and this information is very valuable if you can learn to apply it.

Apply What you Learn

Learning to apply the techniques and strategies you learn is often the hard part, but if you set your mind to it, you can accomplish it. Here are some tips that you can incorporate into your new lifestyle that will help you stay debt-free:

Build your Credit

Filing for bankruptcy will leave an R-9 rating on your credit report, and this rating will stay for at least six years. Even though it stays that long, there are ways to improve your credit score during this time. One way is to avoid racking up any debt. Another way is to take a loan or get a credit card to use simply to build up a payment history.

By building up your credit, your score will improve faster. This will help you have the ability to get good interest rates on loans in the future.

Pay with Cashshutterstock_111408125

Living within your means is a process that involves spending less money than what you earn, and the best way to do this is by paying cash for the things you buy. If you end up getting a credit card, you can use it, but always make sure you pay the full balance off when you receive the statement.

By paying cash for things, you will not rack up debt, and it may actually help you cut your spending habits.


If you still have your house and car after filing for bankruptcy, you may want to consider downsizing. You could sell your house and buy a smaller one. This could reduce your monthly expenses, and it could help you stay out of debt. You could also sell your car and buy a used one that is cheaper. Anything you can do to cut back on your spending will make a difference.

The Pros And Cons Of A DIY Bankruptcy In Calgary

It’s always tempting to save money, especially when one is already so far in debt that only a lawyer can help dig a person out. Consumers who want to avoid the legal fees associated with hiring a bankruptcy lawyer in Calgary might think they can handle all the paperwork and court date scheduling on their own. Unfortunately there are just as many cons to this as there are pros.

Pros to doing an Albertan bankruptcy on one’s own:


1. Filer only has to pay court paperwork filing fees. No lawyer or other legal fees are involved.

2. All of the necessary paperwork can be accessed and requested either online or at the nearest courthouse.

3. Filer can pick his or her own court date and fit it in around his or her schedule instead of the lawyer picking the date and the client having to take time off or cancel other important appointments.

4. Filer can access court documents and print copies after the case is over and doesn’t need to ask a lawyer to send copies when they are needed in a hurry.

5. Filer will not have to budget funds every month to pay for the lawyer’s fees for the next year or two after the bankruptcy has been discharged.

Cons to doing an Albertan bankruptcy on one’s own:

1. Filer does not have the legal clout in court with creditors and lenders that a lawyer would.

2. Filer does not have the legal knowledge to get lenders and creditors to agree to certain terms of settlement or repayment.

3. Filer cannot redirect harassing phone calls to a lawyer; the filer has to deal with them on his or her own.

4. The late or incomplete filing of any Calgary bankruptcy paperwork results in extra legal trouble for the filer.

5. Legal questions regarding what a filer can keep versus what he or she might lose still need to be asked of a lawyer, and since most lawyers won’t advise or provide that information without a retainer, the filer would be really lost and confused and possibly sign paperwork that would render all of their assets accessible and for sale to the lenders and creditors. That’s a big mistake nobody would ever want to make.

Contemporary business people working in team in the office

In addition to the above, there is a high probability rate that lenders and creditors could threaten to sue and secure any and all valuables owned by a filer. If the filer is attempting a DIY bankruptcy, he or she would have absolutely no legal help or defence and would be crushed under the court proceedings. It’s just better all around for anyone who’s considering bankruptcy in Alberta, Canada to seek a lawyer’s assistance right away or ask for a consumer proposal from a licensed debt trustee. This ensures that any additional pressure, pain and suffering applied by lenders and creditors falls on the shoulders of the lawyer or debt trustee and not on the filer or client’s.

It’s not an easy choice to make, but choosing to seek out legal assistance is a very wise decision. Legal battles of this sort can destroy a person’s reputation, credit score, finances and financial future if he or she doesn’t take steps to protect him or herself. He or she also can’t negotiate a binding agreement with creditors and lenders that won’t result in a nightmare because the debtor didn’t read the fine print in the agreement from his or her lenders. Things can get pretty ugly in a bankruptcy proceeding or debt consumer proposal, but with professional help the debtor filing doesn’t have to face any of it alone.