10 New Freebies this Week.
Long ago when you were young, popping up on your financial status could sounds like something that can wait for a while, but consistently evaluation about where you stand can profit you today and along the road.
Just stick to us and we will show you some amazing ways that will help you to stay fit financially.
1 Evaluate Your Goals
At least once in a year, think about your short, medium and long – term goals. Does each one of it are still relevant? Are you on a perfect track to get them? How much do they cost? Like travelling in retirement, might not change significantly year to year. Paying off a bill of your credit card is an example of short – term goals and those goals, which are for a medium – term may charge more frequently, which also includes saving money for a house. The chances are that you might decide to reassess every three to six months.
2 Name Your Beneficiaries
In this moment of time when you either buy an insurance plan or open an account in any bank, you’ll be surely asked to name a beneficiary – and that beneficiary would be the person who would collect from your account at the event of your death. Marriage, divorce, the birth of children and death can affect your choice. Usually your default beneficiary is your spouse, but you may also want to designate your children or someone else. However, designation probably will not change often but it is still a good idea to keep checking your elections annually to see if they are still appropriate.
3 Perceive Your Assets & Liabilities
Your assets & liabilities or debts, which you own, establish your net worth. Savings, cash, bonds, stocks, real estate, retirement account or anything else of value like cars or collectibles are included in your assets. Whereas liabilities might include student loans, mortgage, auto loans, credit card debts and bills due. You can simply calculate your net worth by adding up the values of all of your assets and then subtracting all of your liabilities from it. This method can help you to keep an eye on your overall financial picture.
4 Keep An Eye On Your Credit Report
Your credit report contains all of the information about the status of your credit accounts and your bill paying history. A good credit rate is actually critical to qualify for loans at the best possible rate.
CFPB (Consumer Financial Protection Bureau) recommends you to check your credit report at least one per year just to make sure that it is up to date and correct. There are 3 major credit reporting agencies which includes TransUnion, Experian and Equifax. And from each of them you can ask for a free credit report in every 12 months.
So FreebieRush fans this was the list of some amazing ways to stay fit financially, and you can implement on any of the above-mentioned ways to stay fit financially. Also we would love to hear from you, so simply drop a comment below and share your experiences with us.
