Tag Archives: Financial Tips

Diagnosing your financial health

Source: 3.bp.blogspot.com

Usually, we can tell when we’re in financial dire straights.

We’re living paycheck-to-paycheck. We’re in over our heads on our mortgage. Bill budgeting has become a hassle but a necessity. Etc. etc. etc.

But, what there may be those out there who are on the complete opposite end of that spectrum. There may be those who have a magnificently clean bill of financial health. But how do you know if you’re one of those individuals?

There are certain signs, seven of them to be exact, that Yahoo! Finance’s The Exchange have compiled to figure out whether or not your finances could be given a squeaky clean bill of health.

“We spoke with a few certified financial planners to get their thoughts on what kinds of benchmarks people can use to gauge their financial health. One caveat: It’s important to note that everyone’s situation is unique and it’s not very useful to apply a blanket rule across all age groups,” writes Lisa Scherzer, The Exchange columnist.

So, what are these benchmarks?

What kind of signs should you look for?

Well, head over to Yahoo! Finance and find out.

Know your number

Source: fairfundfoundation.org

Let’s say you’re thinking about applying for an auto loan to purchase that new car you saw in a thrilling Super Bowl commercial. Well, if this is the case, you should probably be well-aware of what your credit score is.

“Why?” you might ask.

When determining your loan rate, the organization you are going through may take a good, hard look at your credit score.

This isn’t the only number that you should be aware of, though.

Yahoo! Finance has compiled a list of five financial figures that you should probably know by heart (or at least take a peek at from time to time).

Head over and take a look at what other financial numbers you should make yourself aware of.

Pinch pennies throughout life’s challenges

Source: CashNetUSA.com

As you may have noticed, we here at KriKnows are pretty fond of infographics.

Why? Because we try to inform our readers on financial matters in numerous ways, and infographics are a fun, unique, and intriguing way to do so.

Take this infographic on ways to save when considering some of life’s biggest choices like buying a car, planning your wedding, or buying your first house.

Sure, some of your relatives or friends may offer you advice on such matters, but you most likely want to conduct a bit of your own research as well. Well, CashNetUSA.com has offered up this stepping stone in finding ways to save you a few pennies here and there.

Click on the picture above to see a few more recommendations on how to save a few bucks.

It’s not too late to save in 2013

Source: Quicken Loans

KriKnows isn’t your average blog. We devote much of our efforts to bringing you tips on bettering your financial present and future.

With that in mind, we have come across an interesting infographic.

Earlier this year, we found you 25 tips on cutting costs in 2013. Now, we have discovered 13 more money-saving tips provided by Quicken Loans.

For example, with the advent of the Magic Jack, you are able to pay a one-time set-up fee in place of upwards of $39 monthly. Click on to see a few other ways to fatten up your wallet this year.

Always have a Plan B

SOURCE: 2012 Field Guide, National Underwriter

SOURCE: 2012 Field Guide, National Underwriter

If you, or your spouse, were to experience a long-term disability (lasting 90 days or more), would you be able to shoulder the financial burden?

This is a fairly significant question to ask yourself, and ultimately prepare a response to. Sometimes we would rather not think of the possibility of getting injured, but, believe it or not, a 50-year-old has about a 36% chance of experiencing a long-term disability before age 65, according to the National Underwriter 2012 Field Guide.

Of course, there is disability insurance and things of the like that assist in these particular types of matters, but the percentage of income that it can replace is ultimately up to the policy.

Head over to the Krinos Group website and check out our “Having a Backup Plan” newsletter to learn what you can do to prepare for an unforeseen event like this.

You don’t need the newspaper anymore for quality headlines

Source: Mashable

For those of you who may have been living off the grid for the past couple years — welcome to the digital age.

Everything today is Facebook this, Digg that, Pin this, and Tweet that. It may be hard to get used to for some, but believe it or not social media offers a completely unique and timely way of getting your daily news.

Let me tell you a story:

Meet Ted.

Ted is a man who has paid for his newspaper subscription for years, and has no interest in joining the new social networking fad. “It’ll die off just like bell-bottom jeans,” Ted tells himself. He continues to drink his coffee and get his daily dose of morning headlines from that good ol’ black and white paper.

The next day, Ted wakes up only to realize that his newspaper has gone belly-up and, in an effort to cut costs, will no longer publish weekend papers. “So what?” you might ask. Well, it just so happens that today is Saturday. What is Ted to do?

Should he:

A.) Run up and down the street, waiting for people to holler out what they’ve heard through the grapevine?

B.) Drive to the nearest supermarket and grab every other possible publication he can?

or C.) Blow the dust off of his computer, pull up Yahoo! or Google headlines, then proceed to check Twitter for minute-to-minute news updates?

If you said C, then congratulations! Unfortunately, you win no prize. Sorry.

Newspapers may be a dying breed, but the internet age is most likely in it for the long-run. People crave immediate response and therefore social media platforms such as Twitter thrive.

Source: @KrinosGroup

Source: @KrinosGroup

Take the Krinos Group Twitter account for example. We tend to send out about eight to 10 tweets per day. Many of those tweets are news updates from third-party sources like Yahoo! Finance, Bloomberg, Forbes, etc.

So, even though whoever follows us may not follow the other third-party accounts, those people are still getting third-party breaking financial news, tips, and updates of other varieties.

Of course, there are personal accounts, as well as impersonation accounts, that may provide people will false information from time to time, but if you set up an account in which your only purpose was to remain up-to-date on news, there are several verified accounts that can help you stay in the loop.

For daily financial news updates and more, follow us @KrinosGroup.