Month: May 2018

5 Simple Steps to cut your expenses


There are occasions whereby you have cash in your hand and the temptation to spend gets triggered. However, as with every other aspect of life, financial management requires great discipline. So, without much ado, we shall take you through 5 simple steps by which you can cut your expenses

Consider your purse and your lifestyle

First off, you have to take stock of your spending to see those extra stuff you are spending money on, and as the saying goes, cut your coat according to your cloth. And if possible, just do away with the coat and save some cash.

  • Consolidating your debts and lowering your interest charges

According to a report in the Financial Times, made available earlier this year, credit card debts among UK consumers rose by 10% which translates to an addition of £746m being accrued in January alone. This goes to show that credit card usage is one of the likely ways one can plunge into debt. Owing to this, it is best to consult a counselor like Trust deed Scotland to help liaise with your credit card company in order to work out modalities towards helping you pay off what you can afford while the interest rates are lowered.

  • Energy saving

Energy bills could ‘zap’ a good sum from your purse hence it’s advisable to save energy whenever you can. You can choose the energy efficient light bulbs instead of the power consuming alternative. Turn off the lights and/or air conditioners in rooms that are unoccupied and make sure you always switch of the lights whenever you are leaving home and for emphasis sake, winter season is indeed a great time to save the energy cost.

  • Go for public transport

Let’s face it: owning and using a car could make out for a burden on your budget. From parking charges, money spent on gas purchase and general maintenance, the expenses never end. To put this in check; you should let the car alone in the garage and use public transportation or walk the distance if you can.

  • Stay off Social media

This may not sound so simple but it’s something you ought to consider. In the first instance, considering that time is a ‘currency’ on its own; you could save a whole lot by staying off the radar from time to time. Moreover, you will get to save data cost by doing so.…

The Impacts of Bitcoin on economy


Bitcoin represents the currency of a new age. As the world shifts into an increasingly digital era, the economy has to keep up. There are many drawbacks to not adapting to this new currency. As bitcoin becomes more popular, people might neglect to carry their physical currency. If your business is not equipped to take bitcoin, you may be losing a large chunk of your target audience. Bitcoins features many advantages over normal currency, but the ones that are the most important include anonymity, no taxation, and can’t be tracked by third parties. Another feature is that people can pay with bitcoin from their phones, and it takes no user information to do that. The anonymity is a feature that many people adore.

WIth the improvement of technology, it is hard to remain anonymous in an increasingly connected world. People want an untraceable currency to give them some privacy. The economic impacts of this are massive, as people will move away from credit cards and debit cards, and into cryptocurrencies. It can be hard to keep track of all the cryptocurrencies but can help with that. Trulycoin is similar to CoinMarketCap in the way that it helps you keep track of all the different currencies on the digital exchange.

In the continuously changing economy in is important to keep your eye on trends like these. Business will need to adapt to the different methods of payments their customers want to pay with, or risk losing out on valuable business. Business that do not adapt to the new forms of payment will quickly be out of business as their competitors thrive. The change to cryptocurrency isn’t optional, it’s mandatory. Make a lot of easy money by being some of the first businesses to adopt cryptocurrencies. There will likely be a period of time where not many businesses have switched over and crypto customers have nowhere to shop, letting you be like a monopoly of crypto customers. In the unforgiving economy today, there is little room for error.…