Our Day in the Sun

Saving for the future can be a goal that is difficult to reach when it seems that everything is getting more and more expensive and salaries seem to stay stagnant. As we grow and our family size increases, we can get overwhelmed and often spend more than expected as a result. If we are even able to put money away, it seems as though we must tap that money way too quickly for our comfort.

the best financial tools to get some instant cash is payday loans

Sometimes, we think that using our credit cards is a good idea, and it can be, but only if we are able to pay off the balance before the end of the month. This action allows us to avoid interest that accrues on that balance and it is like using cash, but with a delayed payment. This can be good for those who may need a payday loan, but do not want to have to pay the fees and interest associated with them.

Payday loans can be good for some, as they will allow you to avoid the use of credit cards, which can be easy to not pay off before the end of month, resulting in interest and late fees if the minimum payment is not met before the due date. Consumers are often lured by promotions and low-interest credit cards and often sign up for way more than they need, which can result in mounting debt, which is no good for our financial health.

Payday loans with nationalpayday is just an another reason to smile :)

By controlling our credit card use and instilling budget routines into our daily life, we can slowly regain our financial health and remain on track to successfully save money for the future. Retirement is very close for many of us and we may feel that we are just not ready to do so, but by budgeting and controlling out-of-control spending habits, the sooner we can retire to spend our later years relaxing and soaking in the sun.

Angelina Jolie's Financial Makeover

Today I have decided to something very unusual, something that might be very personal for few people, something that nobody has read anywhere earlier. It is about my favorite celebrity Angelina Jolie and her financial makeover. With financial makeover I do not mean that how well she utilizes her hard earned money. Infact it is about Angelina Jolie's $ 632,000 monthly income out of which she doesn't saves a penny. Isn't that too difficult to digest, yet it is very true. This news has been reported by US's largest selling newspaper.


Since I really care about you Angelina, I am dedicating this post whole heartedly to you. The reason is below I have mentioned some financial tips and advices which Angelina Jolie might find useful and of course her fans too.



First, start saving at least 12% of the monthly income from $ 632,000 so that in case of emergencies you don't need to lend your hand to your dear hubby Brad Pitt. We all know how generous he is.

Secondly, with normal savings try to create a rainy day fund. As per Consumer Federation of America, it has been surveyed that at least 40% of people have $ 2500 as expected expenses in a year. And for a celebrity like you I am sure that figure is bound to be more than a double. Plus with that there might be expenses on car accidents, legal charges etc.

Thirdly, it is better to invest some of your saved incomes. You can invest those saved amount in the share market because who knows after your retirement the average rate of return for those funds might go up to 4 to 5 %.

Fourthly, Start making retirement plans now only. Don't even think that it is too early to do that. According to the surveys from Federation Government, 10% of women over age of 60 is unemployed or is living in poverty. So, why take a risk? Start planning your future right away (obviously with your sweet charming husband, Brad)


Last but not the least please for god sake shop less. I know it is an addiction to you but where there is a will there is a way. Plan out a budget and shop according to that. I am sure at the end of the day you will definitely save more.

So, these are my advices for you Angelina. I hope that you will start following all of them sooner or later. All the best for your forthcoming movies !

Pre-retirement calculator

Retirement is another crucial or happiest moment of one's life. Money is a major factor while planning for your retirement days. If you are well organized and have planned for your retirement, then you can live tension-free through out the rest of your life. I have found a calculator in Yahoo Finance which helps to estimate and improve your retirement outlook. Just give it a try by clicking on the retirement calculator image below......

Plan for a better retirement life

Why Retirement Planning?
Retirement planning is the real and urgent need for everyone. There are people out there, who hardly think about there retirement phase. Mostly young age group people live in the present. They do not care about the future. They spend most part of their earning in the latest mobile or car or the grand vacation to Europe. Sometimes people start planning lately when they are just a few years away from the retirement and I feel that would be too late. Its’ good to start saving for retirement at an earlier stage. As it will help in reducing financial pressure in old age and also enables to enjoy an ideal retirement, rather just a compromise.


Steps for a better retirement planning

# Plan for a better retirement life :
One should have a better plan for retirement before he/she invest for the retirement phase. Often people puzzle what to plan! Why to plan! And makes the thing complicated. But truly speaking Retirement Plan is nothing but your wish-list, how would you like to spend your retirement days.

Say for example, if you would like to spend your retirement days in a simple 2 bedroom flats with monthly expenses of Rs. 20,000 then you have to make a plan to save in that way from the beginning. When you plan for retirement, you must consider medical expenses and other contingencies and keep aside a part of money for those expenses too.

# Consult with a financial advisor :
Yeh, this part is very much essential while your retirement planning is rolling on the way. You should consult with a financial advisor and decide, how you are going to spend your life in retirement and for that how much you have to save now. Then your financial advisor will calculate and let you know, how much you need to save. Also tell you where to invest your savings so that you can achieve your retirement principal. He will chalk-out a plan and apply the same for you.

# Early beginner gains more :
Its universal truth and happens in retirement case as well. If people decide to contribute in retirement lately then there might be some initial resistance and protest. But whoever started early, would be enjoying contributing a small part of his earning with an aim to live worry free life in the old age. I know some people have some personal problems which hinder them to contribute in investments. But for the good future of your family and you, you have to sacrifice some part there.

Take an example of these three gentlemen John, Johny and Jhonson as follows

Particulars	John	Johny	Jhonson
Present Age (yrs.)	25	30	35
Retirement Age (yrs.)	60	60	60
Investment duration (yrs.)	35	30	25
Monthly Investment (Rs.)	5000	5000	5000
Returns per annum	10%	10%	10%
Sum accumulated	16,993,955	10,314,217	6,166,624

So, you can see after retirement John’s investment is much more than Johny and Johnson as he started 5 and 10 years earlier respectively. That’s not all, he also enjoyed all other benefits like reduces the tax to be paid out of income, reduce pension costs of employees, can be moved from one company’s plan to next.

# Avoid using your retirement investment :
Quite often people loose their control in financial emergencies either its small or big. They may have other ways to tackle that sort of situation but as I said people loose their control in emergencies and rush to withdraw from their retirement investments. If really there is no other option then definitely you can withdraw and solve the present problems. But you must try to deposit the amount you have used in your emergencies at the next opportunity.

# Follow-up your plan time to time :
Consulting with advisor, outlining and implementing the retirement plan, that’s not all. You should follow-up your plan from time to time to ensure that its on the right path, to meet your targeted return. And here your financial advisor plays an important role. He/She would observe all your investment status and put a stop on the investments that are not performing up to the mark and invest in alternative investments. With time as you grow closer to retirement the financial advisor starts decreasing the number of investments from risky assets like stocks and equity funds and invests into the fixed deposits.

It’s not that your income will be the same in your all working life. Suppose you start with Salary 50,000. After 5 years it will definitely go up to 75,000 to 90,000 depending on your experience. And you may start dreaming of a small Bunglow at the outskirts of the city instead of a 2 bedroom flat. Here also your financial advisor might come into play and have you change your investment plans based on any additional inputs you give him.