Archive for November 21, 2013

High Debt Prevents Preparing For Retirement

One of the best ways to prepare for retirement is to save money and invest it wisely. But people don’t do that anymore as personal debt is near an all time high. How can you invest money when you don’t have any? That is a BIG problem for too many Americans.

There is another problem as well: interest rates are under 1% and that in itself discourages saving. Why bother to save when there is little incentive to? And what happens to all the retirees or near retirees that rely on interest income to live? Remember, Social Security doesn’t pay enough to have more than a basic existence in today’s economy. People need another source of income. 

Those who do have money to invest have put it in the stock market the last five years and stocks are near an all time high as a result. Investing in stocks is the best way to make money if you have a long time horizon to work with. But that is the key: a long time horizon.

If you are a youngster just out of college or just starting your working career, putting aside money to invest in stocks is one of the best things you can do. If you start buying stocks early in life, you have time on your side and time to wait through all the dips the market may go through. No need to panic like some investors do if you are content and patient enough to wait things out. 

Unfortunately though, with the “I’ve got to have things now” mentality we have in our society, too few people ever get started in the right direction and they choose debt instead. Debt is a killer that should be avoided at all costs but since everyone else is doing it, it now seems normal. What a shame. 

Military Budgets and Debt Forgiveness in 2014

Many of the countries to refuse to forgive debt from the South also are increasing their military spending.  According to various pay-chart websites, the US military will be giving its personnel a 1.0% boost for 2014.

It is crucial that people in the military are given proper compensation for their services of protecting the country. Every year, the government produces a military pay chart that shows how much, the men and women of the armed forces are to be paid. The chart has a number of letters which indicate the grouping of the armed forces personnel. E stands for an Enlisted person, O stands for a Commissioned Officer and W depicts a Warrant Officer. These three terms refer to the following groups. Enlisted personnel are the ones who are at the front-line of the battle. Warrant Officers are those who command the men in the field, while Commissioned Officers re the top military brass, and they are required to have a minimum of a Bachelors Degree.

The chart begins by outlaying the basic pay for each of these groups of personnel. It then goes further and shows increments based upon the term of service of each soldier. Allowances and other incentives are also specified in the chart. The allowances and incentives vary from one military branch to another. They also differ according to any other special skill that you may have. People practicing law, medicine, opting for submarine duty, and other special assignments, in the military get higher allowances. However, the chart provides housing, family separation subsistence and clothing allowances for all military personnel.

Currently the military pay chart has added certain limitations for the basic pay of the highest ranked commissioned officers, E-1 ranked personnel with less than 4 months of active duty, and the wages of heads of each military branch. Essentially, the chart gives a clear picture of how the pay is structured within the armed forces, and it is precise, and crisp, just like the men and women of the armed forces are.

John Hampton

Helpful Tips For Managing Your Personal Finances

A personal finance is a tricky however critical skill nowadays. Unluckily, it is something that is not being taught well by many parents and at schools. You can keep reading this article if you want to learn some good advice on the subject to discover a few pointers that you may not be currently aware of.


If you are hoping to fix your credit, then you should not close credit card accounts. If you close your credit card accounts, it will not help your score but instead it will hurt your score. If your account has balance, it will count towards the total debt balance and show making regular payments to an open credit card. Before taking out a student loan, a student must always consider each option. Scholarships, Mens watches, Grants and savings funds will be a great ways for college payments. Student loans can lead to a shaky financial future and will saddle you with debt, should you default. You can plan ahead and pay for your college wisely.

You can also save your college expenses through considering enrollment at a local community college that is good for 2 years and then you can transfer to a 4 year institution for your last 2 years. With yearly tuition cost savings of 50% or on more over traditional 4-year universities, it can make a whole lot sense if you go to a community college for the first 2 years.

There are many community colleges that have direct transfer programs to 4-year institutions that guarantee the significance’s of the credits you earned towards your course. You will get the exact same credentials and diploma at the end of the 4 years as your classmates who have attended the 4-year university straight-through. Your possible expenses and possible debt will be so much lesser. You cannot repair your credit without getting out of your debt! Also you cannot earn money simply sitting around watching Match of the Day on iPlayer !

The best way to get out from your big debt is to pay down your credit card debts and your loans. You can reduce your food bill by eating at home more and to go out less on weekends. You can also take your lunch with you when you are on the job and eating in will help you save up your money. You can have to cut your spending if you really want to rebuild your credit. If you know that you could pay back a large amount of loans, then you can go on. However, if you think that you can hardly pay a loan, then you should choose small amount of loans. You can get into permanent debt if you are unsure of your college major and when you go to a pricey private school. You should think about the right way on how to handle your debt. Don’t take it easy if you have a small debt because it might cause a big problem in the future if you did not seek for a solution onto that.