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Did you know 23% of adults say they pay bills late (and thus incur fees) because they lose them? Yikes! If this is true for you, let’s do something about it.

Banks, Moneylenders, Private Financiers, everyone is running after the salaried individuals. All they want is an YES from them. The Personal Finance is delivered , wrapped up in a beautiful package. So easy, So fast, but is it so simple? In the hour of urgent need, most of us tend not to look at the fine print of the bankers or the money lenders. We sign up and some how get the money. We repay every month faithfully. After a few months when we look at the loan statement, we are taken back.

Basically, the major difference between a Traditional and Roth IRA is the way Uncle Sam treats the money you invested. If you invest in a traditional IRA you can deduct the contributions from your taxable income within that calendar year. Which means that if you earned $50,000 and you contributed $5000 to your IRA account, you would only pay taxes on $45,000. The $5,000 you contributed during the year has been tax deferred. With a Roth IRA you cannot deduct the contributions you made that year, so using the example above you would of had to pay taxes on $50,000 because your IRA contributions were not tax deferred.

Financial emergencies can strike you anytime without prior warning. Do not let such unexpected crisis to take over the calm of your daily life. These days, money is the only mantra to a happy and stress free life. You might be very good at financial planning, but some urgent and unexpected events can shatter any kind of planning.

One thing that many people with low credit scores have in common is that they do not have a functional budget in place. This is a must to ensure that you can make all of your bills, have money for savings, emergencies and let’s not forget-fun! Creating a budget does not need to be rocket science. On a sheet of paper, simply list how much money you make.