Welcome to Best Money Saving Blog. Here we like to write articles about all ways in which normal people like me and you can save or make money. Covering a range of subjects from discounts and voucher codes, how to make money, general saving ideas and the occasional rant from myself. If you're a blogger out there with something to say or a company with a money saving product you'd like to write about - please get in touch with us. We're happy to help out and offer guest posts for anyone who's interested.


5 Fun Ways to Boost Your Finances in 2016

Published on May 25, 2016, by in Personal Finance.

If you’re like most people, you will find yourself in an uncertain financial situation at some point. Fortunately, this doesn’t have to be something one accepts but rather something you can change. Thanks to the internet, there are numerous ways in which you can make money and have fun at the same time.

Design an App

Apps today serve a wide range of purposes and even more have yet to be created. If you have a winning idea for a new app, you could turn it into extra cash. Once developed, app stores can approve it for inclusion. Every time the app is downloaded, you would receive a portion of the sales.

Online Gambling

Ever wished you could make money while playing games? It’s possible by gambling online. While tournaments are an option so are playing bingo or your favorite table game. Secure bonuses and other incentives to further augment your winnings. You can find various other tips such as reviews like when Mobilecasino.co.nz reviews Gaming Club casino, keep track of these and your finance will be well on its way up.

Video Ads

Numerous sites can be used to make money simply by performing simple tasks which can range from taking surveys, using a specific search engine or writing a review. Sites like the popular swagbucks are a great way to earn money when you have a little time to kill.

Sell your Photos

If you are someone who likes to spend time behind a camera lens, why not consider converting this hobby into cash? Several different websites will pay good money to host your images for people to download.

Website Flipping

Sure, you’ve heard about flipping a house, but a website? Virtual property can be just a profitable. Simply purchase various websites with the intention to sell it later for a profit. You can opt to make improvements to the site or simply keep it for a short period to boost its value.

Choosing one of the online opportunities will help you find your way to a better financial picture.


Financial Matters to Discuss Before Walking Down the Aisle

Published on May 2, 2016, by in Personal Finance.

As the peak marriage season arrives in early summer and while you may be in full wedding planning mode, it is as good of time as any to discuss finances before the big day.  After all, your wedding day may be one of the most important days in your life, but long after the honeymoon is over, “thank you” cards are written, and begin your new life together, marriage may very well be forever but so are finances.  You will need to discuss with your future spouse your funds currently stand, and grasp a plan for the future.

Review Credit History

Discussing credit with anyone may be difficult if you have had trouble in the past, but is a necessary conversation.  As a married couple you may buy a house, a car, or have joint credit cards, so rather than have a surprise when you are declined for a loan, it is best to discuss any credit issues.  If you are unsure where you stand, you are entitled to a free copy of your credit report once a year from the major credit bureaus, so now may be a good time to go line by line to make sure everything is in order.

Understand Your Retirement Goals

Do both, or even either of you, want to work until your 65? Maybe one finds their career fulfilling and the other can’t stand waking up each morning and going into the office. These are issues you need to understand right off the bat. It’s up to you both to determine how you will run your financial house in order to achieve your long term investment goals. Do you want to be overly conservative with your investments? Savings and bonds only? Or perhaps something more aggressive like investing with Banc De Binary, which can be a great option for those of you with plenty of years left until retirement.

Disclose All Debt

While you are on the credit topic, the next item for discussion would be debt.  Make sure that all debt is transparent to your spouse, anything from a current mortgage, auto or school loans, and credit cards.  If both partners have no debt, it will be a great start to build for their financial future, but if there is debt involved, then a payment plan will need to be carried out to eliminate.

Now a Team, Join Bank Accounts

What’s mine is yours and what’s yours is yours.  Kidding of course, but now it is time to join accounts, for paying bills and spending accounts, but also savings.  Now that you are a dual income family, you can begin to work on a household budget.  See how much comes in each month, what the needed bills are, having some leftover for spending, and begin to learn what you can reserve in a savings account each month.  It is never too early to begin to save for your future, so make sure that as soon as you start cashing the wedding checks that you put some into savings.


Forex Charts And Their Importance In Online Trading

Published on January 21, 2016, by in Personal Finance.

Forex charts are the charts plotted on X and Y axis showing the movement of currency prices over a specific period of time. The y-axis represents currency price and x-axis represents the time. The price movement of a currency over a definite period of time is predicted by the Forex charts, making them a critical tool in the field of Forex online trading. Based on the trends observed in the previous sessions the new trends in future are predicted.

What are Forex charts?

There are basically three types of Forex charts – line chart, bar chart and the Candlestick charts.

Line charts – This is a  simple Forex chart providing an easy way to understand the currency price movement but these charts do not provide much information as it is formed by just connecting the end points of the currency closing points.

Forex bar charts – These provide more information with high, low and close price points in a given period of time. Thus the trader gets closer report of the price movement in a given period of time and can conduct online trading accurately.

Candlestick charts – Candlestick charts are the most popular Forex charts today which are similar to bar charts but provide the information in a clearer way. There are open and close points along with the wicks which show the highest and lowest points reached in a given period.

How Forex traders use charts for online trading?

A chart is used by the traders to perform the technical analysis of the Forex market which ultimately helps them to take better trade decisions. The charts contain the real time data and this helps the traders to remain updated on the currency movements. Based on the interpretation of the Foreign exchange charts the Forex online trading decisions are taken by the technical traders.

It is important for the Forex traders to understand how to read the FX charts because technical analysis of the currency price trends help them to become more aware of the new trends coming in the market. This enables traders to make the right buy and sell decision at the right time using the technical analysis done through the charts. Today a number of charting tools can be found by an online trading provider – Xtrade. These tools help to customize a chart and make it more analytical. A chart can be made for any type of currency pair and any type of Forex chart can be used to the show the movement of a currency pair.

But it has to be understood that though Forex charts are absolutely helpful and helps in understanding the trends for future, they are not an absolute or final solution. There are many other factors like socio-economic, political, interest rates, other economic factors which cause fluctuations in currency pricing.


Job Prospects are Favorable for Business Analysts, Find Out What They Do

Published on November 13, 2015, by in Uncategorized.

As opposed to other jobs that have their roles and duties specified, the business analyst job description tends to vary. If you intend to pursue a career as a business analyst, you must be prepared to wear multiple hats. Besides negotiation, motivational and listening skills, the analyst is also expected to be a good leader.

Business analysts have various job titles depending on the environment, capacity and the organization that they are working in. In fact, most of them do not have degrees in business analysis. Neither do they have profound knowledge in computing or writing code. Rather, they are versed in the processes surrounding programming and other useful information technology concepts. Also, according to the Bureau of Labor Statistics, their job growth outlook is 19 percent.

So what does a business analyst really do?

In a nutshell, analysts are meant to solve problems. They need to possess the relevant skills in data analysis and consequently determine if there are losses or discrepancies within an organization. Here is how they spend their day at work:


Investigating is all about looking for clues and pointers to possible causes of certain situations. Business analysts will be seen asking questions and making a big deal out of them. Often, questions seek to find out aspects such as why, who, when, how and what if. To get all the answers, a business analyst may end up asking even more questions by conducting interviews, reading and observation. Their core mandate is to explore all possible options within and outside the organization.


As the name implies, analyzing entails sifting through information and studying the elements selected for patterns and trends that might point to something. The information is further examined to probe for problems so as to ensure that it is accurate, current and thorough. For business analysts, more problems imply many possible solutions. So they will spend a great deal of their time comparing solutions to see if they can match the actual needs.


Communicating is a crucial aspect of any analysis. Analysts who are good at their job spend most of their time actively communicating with each other, their juniors and their superiors. In sophisticated environments, analysts are keen to observe verbal and non-verbal messages just to ensure that they understand what they hear. Being open to dialogue and establishing a proper line of communication gives them an upper hand in making decisions.


Steps mentioned above such as analyzing and investigating require constant documentation so that no detail is lost or forgotten. Also, the results acquired through analysis must be documented. This can be done in several ways including audio and video recording to using charts and graphs.


Business analysts weigh the options available to see if they are viable for solving particular problems. An option that is chosen is continually reviewed to ensure that it fits the implementation process and is constantly improved on to meet the business needs. Evaluation also helps to find the best implementation method that suits a specific project.

The business analyst career path may seem confusing at first, but as you continue to explore, you will discover that it is a pretty straightforward profession. Their duty can be summarized as the important bridge that fills the gap between various stages of project development.


Save Yourself from a Debt Crises

When you speak of debt people often associate it only with money. That couldn’t be further from the truth. While it certainly is a financial term, it’s also an intangible entity that cause sleepless nights and even poor health. Debt and money problems can and do lead to increased stress and all of the negative aspects of health that come with it. That’s why it’s important to realize that regardless of your situation there is always a way out, that is, if you are disciplined enough to follow through with it. What I am referring to are Trust Deeds. Trust Deed Scotland is a way for you to responsible maneuver yourself out of out of debt and into righting your financial ship.

The concept of a trust deed is actually very simple. It’s a financial product that allows you to consolidate your various debt and interest payments into one loan payment each month. The amount of months to pay back will be based on the overall negotiation and disposable income available to you. Anything after the specified loan period is then forgiven and you can move on free and clear. Sounds like a win-win situation, right? It very well could be, but first pay attention to both the advantages and disadvantages of a trust deed

Well, first and foremost, it allows you lower the amount of interest you are liable for. Paying out less money to creditors is always a good thing. Second, it provides a blank of protection for your assets. The last thing you want it to lose your car and other means of transportation while trying to maintain your job so that you can continue paying down your bills. Next, your ability to manage one payment is much more palatable than trying to manage a dozen of them. You can now stop worrying about all of the nagging calls and emails from creditors.

The advantages tend to outweigh the disadvantages, but you still need to be careful and understand what it means to obtain a trust deed. For instance, if you fail to meet the terms and obligations of the deed then you could be liable for the original amount and more. That means you better stick to meeting your payments each month without fail. Also, you need to understand that your credit is often adversely affected by these trust deeds. Personally, I feel it’s a small price to pay since your credit probably isn’t all that great to begin with.


Unless You’re Made of Money, Use These Tips to Save Money on Tech

Published on July 15, 2015, by in Personal Finance.

If you are one of the rare people on this earth for whom money is no object, feel free to skip this article. Far from saving money, I actually want you to spend as much of it as you can. The local economy thanks you. Everyone else might want to pay attention. There is some awesome tech out there that you are having a tough time affording. Unpurchased, cool tech is a tragedy that can be avoided with a little effort.

Of course, the real solution to this first-world problem is that you grow a little self control. Stop thinking that you have to buy every single gadget that leaks onto a fan site. Honestly, your life will be remarkably unchanged if you just don’t buy it, whatever “it” happens to be. Well… enough silliness. Obviously, you have to have it. And you’re going to buy it. Pretending otherwise is just denial. Since we have establish that, let’s look at some ways to save a little money along the way:

Bundle and Save

A store would rather sell you two things rather than one thing, and three things rather than two things. The more they can sell you at one time, the less they have to make on each individual sale. To discourage you from buying only the one thing you wanted, and picking up other things some place else, companies offer bundle deals with substantial savings.

Satellite TV is a case in point. You may be tempted by the large selection of HD channels and fancy DVRs. But, before you make the jump, check for discounts and bundles being offered. For example, Satellite TV at Satellitetv-Deals.com can save you money but not just with coupons. The same provider of TV service will most likely offer telephone and Internet service. If there are no particular offers during the time you check, give them a call and ask. They will most likely have a bundle that can save you more than just purchasing services independently.

Shop Last Year’s Model

You know the difference between Sony’s top of the line TV this year over last year? Neither do I. Neither does anyone, likely, including Sony. Actually, I can tell you about one major difference: Last year’s model is a lot less expensive. And it is a lot better than the one you have. You just have to know where to buy it.

That’s where warehouse stores like Sam’s and Costco come in. One of the reasons their electronics are such good deals is that they almost always carry last year’s model. You can even save money on the current model at such places. If you are savvy, you can save even more than you thought by using warehouse stores to their full potential.

Resell It Like a Ferengi

If you are a fan of the Star Trek Universe (and who isn’t?) you know who the Ferengi are. They represent the logical conclusion to unfettered capitalism and consumerism. They are all about the acquisition of goods and services. As they tell it, the five stages of acquisition are:

  • Infatuation
  • Justification
  • Appropriation
  • Obsession
  • Resale

From the perspective of a tech consumer who is not made of money, this seems like a pretty reasonable list, especially the last one. If you are going to play the expensive game of early adopting the latest and greatest, you have to have a strong resale plan. Gazelle.com pays top dollar for used, Apple devices. They even pay for broken ones. An iPhone doesn’t have to work to be worth good money towards your next one.

Your carrier likely offers some sort of pay as you go plan so that you can upgrade your smartphone every year. T-Mobile has the most aggressive of these plans, having pioneered the concept in the U.S. All these plans are a form of resale. From this moment, on, you don’t have a junk drawer. You have a resale drawer.

Bundle and save, shop last year’s model, and resell like a Ferengi. If you can’t actually curb your habit, these are a few ways to finance it.


Shopping at a Warehouse Store? Follow these 5 Rules to Save Even More

Published on May 9, 2015, by in Saving Money.

The old axiom in business is that, if you want to make money, you have to spend. If you shop at warehouse stores however, you actually have to spend money in order to save money.

That’s the premise behind belonging to warehouse clubs like Costco Wholesale, Sam’s Club or BJ’s Wholesale Club, warehouse stores that are member wholly and charge the in order to allow members to save a lot of money on bulk purchases. These huge warehouse stores rationalize that their customers won’t mind spending a little extra money on an annual fee if they’re getting deeply discounted products and, according to First Research, a market analysis firm, that rationalization is paying off as warehouse clubs are today a nearly $400 billion industry.

Of course just like shopping at a regular supermarket, it pays to shop at a warehouse store with a little bit of forethought and planning. If you don’t, you might find that you just spent $150 on things that you really don’t need or that will “go bad” before you can actually use them. With that in mind, below are some basic rules from veteran warehouse club shoppers that should help you to not just save money but save a lot of money. Enjoy.

Rule 1: Always bring a list. Just like shopping in a regular supermarket, having a list when you shop at a warehouse club will keep you focused on what you need and help you avoid overspending. The fact is, with warehouse clubs you’re buying a large volume but paying a smaller price per unit, meaning that you’re still spending a significant amount of money up front. If you waste your money on things that you don’t usually buy you will certainly save money per product but spend a lot more than you would have at a regular store.

Rule 2: Try to avoid perishable items. Unless you have a very large family, buying 5 gallons of milk probably isn’t a good idea. The same thing can be said for meat, cheese, produce and anything else that can spoil. If you have a large freezer and are well equipped to freeze, can and/or bottle all your fresh produce, you should be okay. Besides that however, purchasing perishable items in bulk is very risky.

Rule 3: If something you use all the time goes on sale, stock up. Warehouse clubs have coupons and markdown items just like regular supermarkets. If you keep an eye on warehouse club flyers and also have a keen eye when you are actually in the warehouse club shopping, you will undoubtedly find products that are marked down significantly. If these are products that you actually like a lot and use all the time, take advantage of those savings by purchasing as many as you can, as long as you are sure to use them in the future.

Rule 4: Have a good idea about which products are cheaper when purchased in bulk. Marvin Williams, a Costco super shopper from San Jose, California, says that “generally, electronics, wine and food staples offer the best value.” Williams also said that, when buying blue all, make sure it’s staple foods that won’t spoil like cereal, pasta and other dry foods.

Rule 5: Don’t be afraid to ask for a price reduction. Like many supermarkets and other retailers, if you purchase something and then see it go on sale in the next week you should probably go back and ask for an adjustment or reduction on your price.

These 5 excellent Rules will help you to save even more the next time you go to your favorite warehouse club. As for us, we’re quite fond of those big cheese balls but always have to throw away a lot because it dries out before we can eat it all.


The New Single Majority and the Financial Challenges they Face

Published on May 2, 2015, by in Personal Finance.

The United States, surprisingly, has a new majority, and it’s single people. For the first time since 1976, when statistics were first kept and 37% of adults were single, there are more single than married people living in the US.

While this might not sound like a bad thing, the actual implications are enormous. The fact is, while being single definitely has its perks, there are more expenses and things can be a bit harder to plan for and plan around. For example, there is less financial flexibility, a bigger need for an emergency fund and the right insurance is necessary as well.

Let’s take a look at some of the financial challenges that singles in the States have these days, and some of the biggest financial risks they face. Enjoy.

1) Not saving enough money. As many young people are waiting to get married and then have kids, many end up in their 30s and 40s facing retirement planning, saving for a house and saving for college all at once. Since many people in their 20s don’t save a lot, if at all, it can become financially difficult, especially if they are trying to maintain a new household while paying off student at the same time.

2) Trying to figure out long-term care. Long-term care in the United States, for example a private room in a nursing home, can cost over $100,000 a year. Young people generally don’t look at long-term care insurance but waiting until they are in their 40s or 50s is a bad idea because more will be declined long-term care insurance. Women especially, who tend to live longer, should consider getting long-term care insurance when they are younger.

3) The financial risks of divorce. The divorce rate for people 50 years of age and older has doubled since 1990, with more women than men initiating divorces later in life according to the AARP. The biggest problem is that these divorces, in many cases, destroy their finances because they are so costly and they are forced to split their assets before retiring. In fact, financial planners are under the opinion that women who do their best to keep the family house after a divorce are actually taking on a long-term burden rather than getting a benefit.

4) Being a single senior. While the idea of dying alone can certainly be terrifying for many people, recent studies suggest that seniors who are also single are actually just as happy and even more social than their married peers. The problem however is that many don’t have their documentation, including healthcare proxies and power of attorney, in place. In order to avoid spending copious amounts of time and money in the courtroom if you become sick or disabled, having those documents filled out is vital.

As you can see, there are a number of risks that single people have over their married peers, especially as they get older. There are perks yes, but there are also risks. That isn’t to say that being married is any less risky, but just that there are a number of other factors that need to be kept in mind. If you’re single and approaching retirement, seeking out a financial planner to help you is probably a good idea.


Simple steps to prioritize your debts

Published on April 25, 2015, by in Personal Finance.

All forms of debt are not equal, so it’s important to prioritize your obligations before you pay them down. It actually pays to have some forms of debt. Home mortgage interest, for example, on acquisition loans of up to $1 million are fully tax deductible. Mortgage interest on a second home can also be deducted in many cases. Meanwhile, $2500 of your student loan interest can be deducted if you’re a single taxpayer with a modified adjusted gross annual income of $50,000 or less, or a married couple filing jointly earning $100,000 or less.

In addition to serving good purposes, these loans also happen to charge relatively favorable interest rates. Anyone who purchased a new home recently or refinanced their existing mortgage is paying only around 5 or 6 percent interest. In 2003, student loans were being consolidated at 4 percent rates or lower. By comparison, the average credit card was charging nearly 15 percent, and many were charging 21 percent or more. It seems obvious, then, that you should pay off your cards first. Not only do cards charge the highest rates, the interest isn’t deductible. And by paying off your cards first, you’re also likely to improve your credit profile faster. A person’s credit score—used by lenders to set interest rates on loans—factors in that person’s mix of Debt, and unsecured revolving debt is looked upon less favorably than mortgage debt.

After you’re done paying off your cards, attack other forms of high-rate nondeductible debt, such as car loans. Then work your way down the food chain. If you have a home-equity loan outstanding, consider paying that off next. Home equity loan interest is deductible provided the loan itself does not exceed $100,000. Home-equity loan rates also tend to be relatively low. And the money can be used for any reason, such as paying off credit cards or going on vacation.

Home equity loans aren’t always desirable, however. Despite rising home values, many Americans own less of their houses today than 20 years ago. That’s largely because of the record amount of equity we pulled out of our homes through “cash-out refinancing,” where a homeowner refinances a mortgage for more than is currently owed on the property, in order to pocket the difference. To whatever extent you can restore that equity, great. Despite the attention we pay to our stock portfolios, our homes are by far our most valuable assets. Among middle- and upper-middle- class families, home values represent more than 40 percent of total wealth (versus just 17 percent for retirement accounts). It’s in our best interest, then, to own a larger percentage of this appreciating asset.

Next, pay off the student loans, particularly if they charge higher rates. Finally, that leaves you with the mortgage, which offers the most flexibility of all debt. And thanks to record–low-interest rates at the start of this decade, it’s also probably your lowest-rate loan. The amount you save each month and the amount you set aside to pay down debt ought to be based on what you make and what you need to live on. That’s a simple budgeting exercise.


Save more by Freezing Your Spending

Published on April 12, 2015, by in Saving Money.

The first step toward paying down card balances is to stop adding to them. There are a couple of easy ways to start this process. First and foremost, stop using your cards to make basic purchases. Wherever possible, use cash for day-to-day transactions, such as paying for groceries or buying clothes. There is a tendency among consumers to differentiate their money sources. The cash in our wallets is ours, but money pulled from a credit card feels like someone else’s. All things being equal, we have an easier time spending other people’s money than our own.

Two professors at MIT documented this fact in an experiment a few years ago. They set up two different auctions for a pair of Boston Celtics tickets. In the first auction, would-be bidders were allowed to pay by credit card. In the other auction, bidders could only use cash. You might assume that the average bid from both auctions would be roughly the same, since both sets of bidders had equal knowledge of what they were purchasing: basketball tickets. As it turned out, the average credit card bidder was willing to spend twice as much as the average cash bidder.

A more recent study, of the behavior of fast-food customers, sheds some additional light on this phenomenon. Visa International analyzed more than 100,000 transactions at fast food restaurants, which are increasingly accepting plastic as a form of payment. It found that the average purchase made by a person paying with a card was 20 to 30 percent higher than purchases made by cash-paying customers. This puts a modern-day spin on that famous phrase that Wimpy used to utter in those Popeye cartoons: “I’ll gladly pay you Tuesday for a hamburger today.” The implication is clear.

When posed with the classic question, “Would you like fries with that?” consumers paying with cash are far more likely to say no than those paying with plastic. It’s important to recognize this all-too human foible. Obviously, some things are hard to purchase with cash. Hotel rooms, for instance, require a credit card for insurance and security. Some customers can pay with cash, but they would have to call the hotel weeks in advance and jump through several hoops. It’s also hard to rent a car with cash. And you’re actually better off renting with plastic due to the insurance coverage many cards provide. Nevertheless, given our propensity to spend more on credit, it’s in our best interest to avoid plastic when possible.

Another way to freeze your spending is to freeze your plastic. Literally. This is an idea that a financial planner, mentioned to me, and I think it’s inspired. Put your credit cards in a sealable plastic bag, and immerse the bag in a tin of water. Then put the tin in your freezer, creating a block of ice. The purpose of this exercise is to force you to wait to make purchases.

The next time you get an impulse to buy something with plastic, you’ll have to wait for the cards to thaw out—which could take hours—before you can use them. Hopefully by then your urge to splurge will have subsided. Of course, you may decide to use cash to make the purchase. But since, as the MIT experiment showed, consumers aren’t willing to spend as much using cash as plastic, I’m guessing this will end up saving you some money in the long run. Or you could get your credit card number off of your latest statement. But that’s only good for Internet and catalog purchases. To buy something in a store, you’d have to thaw out the card. If you really want to spend that badly, you’ll find a way to break through the ice. For instance, you might try to microwave the card, but then, that would destroy the magnetic strip on the back.

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