Friday, May 25, 2012

Simple Personal Finance Management Tips

It is important that we start saving for a rainy day as early and as soon as possible. Personal finance management is essential in today's day. In today's capitalist society most people don't think twice about taking loans to buy unnecessary and expensive things. The recession however has woken up most people and scared them into learning to manage their finances. Because of the daunting nature of this task or because of insufficient knowledge most people never know how to effectively manage their finances.

Getting started

There are many steps to follow during personal finance management. These are some of the most essential ones you need to know to get you started.

Prepare your Budget

Preparing a budget will help you to curb overspending. Total your net income from all sources like work salary, any mutual funds, alimony, etc. Prepare a list of all your monthly expenditures and how much it is going to cost. These would include your bills, shopping and household budget, insurance premiums, etc. This is a great way to learn to adjust your expenses and create an estimate of your actual monthly expenses.


After preparing a budget the next thing you need to do is save money. Preparing a budget gives you an idea of where you overspend. Depending on your income, open a saving account and contribute a suitable percentage of it towards your account. This account should be used only in the case of emergencies.


Investing is a great way to earn a little extra income. The best place to invest is in the mutual fund of a reputed company. There is minimum risk involved when investing in mutual funds compared to other stocks. Further more you can leave the worrying caused as a result of volatile stock markets to experienced and professional fund managers.


Insurance is a great way to secure your future. It also reduces the risk of needing to empty out your saving account in the case of an emergency. You must at least take out insurance for your house, car and life. Choose a reputable company whose premium rates suit your income to avoid defaulting and wasting your money.

Tax Planning and Retirement Planning

Plan your tax so as to minimize the amount of your taxes. Reducing your income will bring down your taxable income. An easy way to do this is to contribute towards a retirement plan at work. As a result you can also plan for your retirement while planning your tax. You can also deduct your taxable income by donating to charity. State tax and mortgage interest will also deduct your taxable income. Having more dependents or getting married is another way to deduct your taxable income. You can also get tax credits for adopting children or college expenses.

Thursday, May 10, 2012

Top Personal Training Tips

We live in a society that is suffering an obesity epidemic. Despite this statistic it is interesting to find that we continue to spend more money on gym memberships, fitness equipment and fitness dvd's! So where are we all going wrong?

The first answer lies in the quantities of food we now consume. Portion sizes have increased dramatically over the last 10 years and we now consume far more saturated fat, salt and sugar than our predecessors. So our focus should be on making sustainable changes to our diets that will help us to see results without having to count calories or starve ourselves. Most of these changes are simple and involve cutting down on refined sugary foods, alcohol, and white processed flour. These changes can make such a world of difference to how you feel and to your waistline.

The second area where most people are going wrong is that they are not exercising correctly for their bodies. This may sound like an odd thing to say, but just having a gym membership is simply not enough. You must exercise in a way that will bring you results. This means working out at the correct intensity and finding exercises that will help you to see the best results for your investment of time. Studies show that most of us only spend an average of 45 minutes in the gym for each workout. This is not a great deal of time, so we must make the time we invest exercising really count.

Many people in gyms often do exercises that are either unproductive and just a waste of their time. Instead we should focus on compound exercises. These recruit the maximum number of muscles fibres and will not only burn more calories but will create a greater 'afterburn' enabling your body to carry on burning calories long after you have finished your workout.

Compound exercise include dead lifts and squats to name a few and can be performed by anyone regardless of fitness or strength. We should also make sure we pay close attention to correct form. This means ensuring that the exercise is being performed properly and with close attention to detail. By concentrating on super-slow protocol, a heavy weight isn't even necessary.

The final factor is motivation with a capital 'M.' We've all been there, right? We start of with great enthusiasm to join a gym and we even attend for at least a few weeks and then something always happens to throw us a curved ball and we seem to lose the interest to keep attending. This is where motivation comes into it. Think of any supreme athlete. They have desire and motivation and this is why they remain so dedicated to their training.

These tips will help you to change the way that you body looks and with the right support from a personal trainer you can expect to see transformations quickly and safely.