5 Signs Your Current Lifestyle Will Lead to Your Financial Demise

Your lifestyle is very closely tied to your finances, as it often indicates how much you spend. Living frugally or spending with abandon are two very different lifestyle experiences, and the results of each will clearly show in your bank balance.

Here are five signs that mean you are heading for a cliff edge in terms of your financial situation.

1. You’re not saving 5%

Advice from experts suggests that you should be putting aside at least 10% of your income each month, if not 15%. But if you aren’t even managing to put 5% in your savings, then you are definitely living beyond your means. It’s even worse if you haven’t been able to put any savings aside at all.

If you feel like you can’t save that much each month, then you may need to cut back on your spending. Maybe that means not going out to dinner, limiting yourself to non-luxury items when shopping for groceries, or cutting back on some of your subscriptions. If you’re already living as frugally as possible and still not making savings, then the truth of the matter is that you’re simply not earning enough. Downsizing your home and looking for another source of income could be the solution in this case.

2. You don’t have an emergency fund

Everyone should have an emergency fund – again, experts recommend that you have around nine months’ worth of living expenses set aside, the minimum amount of money you would need to live during that time if you didn’t have any income at all. Why? Because life happens. You might find yourself unable to work, or suddenly lose your job – even if you have been an exemplary employee so far. You could crash your car and have your insurance fail to pay out, or lose your home in an accident which is not covered by your policy.

Vet bills, medical bills, legal fees, a broken-down car or boiler – these are all expenses which can come up from time to time and really knock you for six. You need to be prepared for these situations. If you aren’t, then you could have a nasty surprise waiting around the corner which could leave you bankrupt or in heavy debt.

3. You’re paying overdraft fees (or credit card fees)

It came to the end of the month, and you didn’t have quite enough to get you through to the next payday. Now you’ve got overdraft charges on your account – or you might even have credit card fees to pay until you pay them off. This is a bad situation, as it is the beginning of a spiral into debt. In both situations, you are being charged extra money because of the fact that you didn’t have enough to begin with.

When this happens, you should see it as a huge red flag and stop spending right away. Don’t be tempted to put more things on a credit card.

An interesting technique you can use is to stop paying with your card at all, and instead use a cash envelope system. Withdraw your money for the week or the month, and divide it into envelopes for specific purposes: groceries, shopping, going out, and so on. When the envelope is empty, you just have to stop spending in that category – simple as that.

4. You don’t have a budget

Not having a budget in place might seem fine when you have enough money to make ends meet easily. However, it’s a problematic situation to be in when one of those emergency situations strikes. Suddenly, you are spending far more than you can afford, and you have to suddenly put on the brakes to try and learn how to budget for the first time.

Set a budget now, and learn how to stick to it, as well as what constitutes a realistic budget based on your spending habits. This will help you a lot when changes in your situation occur.

5. You spend out of fear

Fear of missing out, or FOMO, is something that can drive us to spend money on crazy things. Do you really need that new piece of Victorian furniture, or are you just scared that you’ll never get another chance like that again? Don’t let fear dictate your spending. Don’t overspend on going out just to keep up with your friends, or buy a house you can’t afford the payments on because you want people to be impressed. It’s a road to nowhere.

By recognizing these signs and making changes now, you might be able to turn things around. Don’t let the worst happen – get in control of your lifestyle now, and stop your finances from suffering.

About Alana: Alana Downer is a personal finance expert and an avid blogger, who often shares her money tips and tricks online. Alana is also a part of the team behind Learn to Trade – a useful resource for all those who wish to start trading and investing. Should you have comments or questions, feel free to contact Alana on her Twitter.

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Custom Floor Designs for Your Homes

 

Home is a place where we spend our whole live, so it needs to be beautifully decorated by beautiful flooring. Choosing floor design is a tough task as every home has different elements to see so you will require different floor design for every different home. Nowadays people look to create beautiful homes using various innovations and the introduction of modern-day art and technology in their homes. The most pivotal of them is the flooring. Custom floor designs have become the latest trend in the renovation sector where people from all around the world look to renovate their flooring with various materials rather the traditional method of mortar and bricks.

To Start Off, We Would Say There Are So Many Floor Designs You Can opt from –

  1. Wooden flooring in different hues
  2. Carpeted floorings
  3. Ceramic tile floorings
  4. Marble floorings
  5. Bamboo floorings
  • Wooden Hardwood floorings inhues of light, medium and dark hues have been the most custom floor design in demand. Modern day homes are generally a blend of traditional furniture with modern amenities. Hardwood wooden floorings generally match up really well with such colonial yet modern era homes. Wooden floorings with the correct hue to compliment the color on the walls help make a home look beautiful and luxurious.

Cost of Hardwood flooring varies from $3 for an unfinished oak to $12 for exotic varieties of wood per square feet.

Advantages – Easy maintenance and cleaning; the Resale value of the home increases

Disadvantage – Costly installation; higher price value of raw materials

  • Carpeting or Carpet flooringsis one of the favorite choices among custom floor designs for most homeowners. Floorings come in a wide variety of hues, textures, and patterns. Homeowners generally opt for end-to-end carpeting or carpet flooring. Carpeting provides a warm and homely feeling to the houses and adds a very welcoming tint to the house.

Advantages – Easy vacuuming; Soundproof

Disadvantages – Not stain free; prone to allergies

  • Ceramic tile flooring is the most convenient and durable choice for homeowners when it comes to custom floor designs. You can choose ceramic tiles flooring when you would want dust free, allergy free and water-resistant flooring. Ceramic flooring comes in glazed as well as matte finish depending on the quality of the ceramic tiles used.

Advantages – Easy Maintenance and durability

Disadvantages – Considerably high price; tiles are easy to crack when misused

  • Marble Flooringsamong custom floor designs offer a luxurious feeling to the homes. You can opt for Marble floorings if you wish to make your home look elegant, vibrant and luxurious. Marble these days comes in wide colors and can emit the natural aura of the house it is installed in.

Advantages – Unmatched beauty and luxury; increases resale value

Disadvantages – High maintenance; prone to cracks; hard to create a set match

  • Bamboo flooringis a very unconventional choice of custom floor design you can opt for. Bamboo flooring can provide a contemporary feel to the homes. It provides a feeling of the colonial era since good quality bamboo is as durable as hardwood

Advantages – Eco-friendly

Disadvantages – may be unsuitable for humid climates; non-resistant to water

Well now that you know what are various forms and varieties of custom floor designs you can opt for, why wait? Quickly rush to your nearest home renovation contractor and get yourself a quotation of the flooring you would love to do for your dream home. Building your own house is a dream and such beautiful and elegant custom floor designs make your dream a bit closer to reality.

 

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Backyard Design Ideas For 2019

Living in a huge Victorian house is a dream of millions of people around the world, especially those who have spent all their lives regretting having been born 150 years too late. But, if you manage to find a cool Victorian house to purchase or rent, you’ll be in a position to turn all your wishes into reality, and all you have to do is maintain this house regularly and keep the high standard. One of the ways to do so is by focusing on the backyard and investing your energy and time into turning it into the best backyard in the world. If you too are planning on doing that sometime in the future, but still lack ideas, here’s what you can do.

Mow the Lawn Regularly

Old Victorian backyards were meticulously maintained and taken care of more than we can imagine today, and that’s exactly what you need to do as well. Mowing your lawn and making sure it’s always in the perfect condition is the first step towards having an amazing Victorian backyard – or any backyard, for that matter.

First, learn how often you have to mow the lawn, then get a decent commercial mower and some professional mowing equipment, and you’ll be ready to turn your lawn into the best one in the entire neighbourhood!

Focus on the Focal Point

This used to be another thing the Victorians were particularly proud of – the focal point. Whether it’s a fountain, a huge tree or a display of colourful flowers, they invested their time in making sure it’s the best focal point they could make.

The benefit of doing that is having something memorable in your backyard that will draw the attention of your visitors and show them just how much you care for your outdoor space. Also, it’s a way to add some class and elegance to your backyard, and turn it into a space you’ll just love spending time in every day of the week.

Build a Deck

Adding a deck to a Victorian house can be rather tricky, and unless you do it right, this feature could easily ruin the entire aesthetic of your home and make it seem inappropriate and ridiculous. But, if you aren’t afraid to think outside the box and invest your time into this project, you could boost the visual appeal of your home and make it more special than ever.

Building a deck may seem easy and rather simple, but it’s actually harder than most people think, which is why you should leave it to professionals. These people know how to pick the right material, where to position your deck, how to make it sturdy and durable, and they’ll teach you how to maintain your deck in the years to come as well. This way, you can be sure your deck will remain the most appealing feature of your home in the future too.

Add Some Paving

Huge Victorian houses come with huge Victorian backyards, and these are sometimes hard to deal with unless you have some help. You can’t walk from one corner to the other without some proper paving, so this is another project you should take into consideration.

Again, this is something you might want to leave to someone who’s a bit more experienced and skilled than you are, so hire a paving expert as soon as you can, and you can be sure they’ll finish the job professionally, efficiently and on time. Once they add some new paving to your backyard, you’ll be able to manoeuvre more easily and discover areas you’ve probably never visited before.

Build a Glasshouse or a Greenhouse

Lots of Victorians loved spending time in the open, and that’s how glasshouses were born – these spaces were somewhere between interior and exterior space, combining the best of both worlds. This is where people would drink their tea, eat their biscuits and talk with their friends, all while enjoying the afternoon sun.

Another idea you could explore is a greenhouse – this structure is primarily connected to gardening and planting various flowers, vegetables and plants, and it’s a hobby the Victorians loved. They would come here to take their minds off everyday troubles and focus on their own well-being, and that’s something you can do as well. Building a greenhouse shouldn’t be too hard as long as you have a proper plan and know what you’re doing, so explore this idea and enjoy your new hobby in your old Victorian backyard.

Turning your Victorian backyard into a special space you’re going to love and enjoy every day of the week isn’t as difficult as it may seem. In the end, all you have to do is give it some love and attention, making the most of this outdoor area and being able to spend as much time there as you can.

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