Category: Personal Finance

How to Avoid the Most Common Insurance Policy Mistakes and Save Money

Mike Johnston
insurance policy

Not having at least basic insurance coverage is among the most prevalent financial mistakes people make. Insurance is the only way to protect yourself and your assets from damaging situations. But even when an insurance policy is purchased, common mistakes still arise. Most of them have noticeable financial consequences.  If you make the right choice, policies shouldn’t be overly expensive. Also, coverage should be suited to your specific needs. To that end, here are some of the most common insurance mistakes you could make. We’ll also cover all the ways…

4 Money Mistakes: Are You Making These 4 Money Mistakes?

ConvergeTeam
4 Money Mistakes: Are You Making These 4 Money Mistakes? | Converge

Filipinos are known for being hardworking and capable workers. In fact, many foreign employers like working with Filipinos because of their skills and work ethic. The only problem with some of them is that not everyone can manage their finances.While in many cases, the money problem stems from low wages, the truth is that many of those problems can be avoided. Common Mistakes of Filipinos When it Comes to Money So, what are the usual money mistakes that Filipinos keep on making? Here are some of those and how they…

Businesses You Can Start From Home Right Now

Jason Fleagle
Businesses You Can Start From Home Right Now | Money | Converge

Whether starting your own business is something you’ve been thinking of doing for a while or if you’re just looking for some genuine ways to make a bit of extra money from home, you’re probably pretty scared to take the leap because there are definitely a lot of scams, false promises and hype out there.   Everyday it seems like more and more people are calling themselves gurus and experts in things they really know very little about the thing they’re teaching, so it can be hard to know where…

Never Make These Mistakes With Your Small Business Finances

Jason Fleagle
Never Make These Mistakes With Your Small Business Finances | Business | Converge

When it comes to your small business finances, you really need to make sure you’re handling them correctly from the get-go. Cash flow is one of the most important things you will ever master in business, so avoid the following mistakes! Failure To Have Your Business And Personal Accounts Separated Commit yourself to creating separate savings no matter how convenient it is to have everything together. Doing this right at the beginning will make it much easier to do the accounting for your business, plan for quarterly tax estimates (in…

Creating a More Conducive Home Office Environment

Jason Fleagle
Creating a More Conducive Home Office Environment | Money | Converge

When you work from home you get some much-needed flexibility with your work life, and can set the hours that you are going to do. But one of the other major bonuses is that you have no commute; you are already where you work when you wake up. The thing is, though, when you go to an office elsewhere, it is often purpose built for work and for doing what you need to do. When you work from home, although it can be convenient, it is still a home after…

Recuperating The Costs Of Christmas

Jason Fleagle
Recuperating The Costs Of Christmas | Money | Converge

Christmas can be an expensive time, particularly if you have many friends and family members that you hope to celebrate with. Gift-giving can be difficult when you’re trying to take care of everyone’s needs, throw a wonderful event, and maybe even book a few extra days from work to plan and organize everything. It’s not as if your life bills simply stop over the Christmas period either, so that could be called into question as something to worry about also. This is where recuperating the costs of Christmas can be…

Creating A Fiscally Responsible Personal Budget

Jason Fleagle

There are a lot of similarities between a personal budget and a business budget. In a business, you can maximise your profit margins by reducing your overhead costs. And the same goes for your personal finances. If you want more available income for your future savings or luxury purchases then you should think about the way in which you spend your earnings every month. With some small changes to your lifestyle, you could massively improve your financial situation. These are the things to consider when creating a fiscally responsible personal…