David Justin Urbas - Leave It To Me – Please!

People are really weird sometimes. I’m sure we all know that, just read the news any day of the week, but it does come as a bit of a shock when somebody you thought you knew really well does something a bit peculiar. Let me tell you what happened.

My good friend, Steven, is normally a reasonably hard working, average kind of a bloke. Still single, sells bank mortgages, loves a pint of beer with his mates and gets out occasionally to a football game. He has a small flat just behind the Rosemary Gardens in Canonbury. He’s had a few girlfriends, nothing permanent, and even though he gets a reasonable wage, he never seems to have any spare money for a holiday, or to buy a car.

I called on him the other day. It was a Saturday morning. He answered the door dressed in a tiger suit. I mean a real, professionally made tiger suit. I was speechless for about a minute as all sorts of things flashed through my head.

More at: http://financialadvicenow.co.uk/leave-it-to-me-please/

David Justin Urbas - Don't Miss Out On Big Tax Savings From College Expenses

I'm preparing my taxes right now and want to find every deduction. With a child in college, I'm almost giddy at the idea of saving even more money.

Uncle Sam will give you a break if you're paying for various college expenses. All you have to do is note them on your tax forms and you can reduce the amount of taxes you owe. It may even qualify you for a refund.

There are three main write-offs for college expenses, according to the IRS. Here's what they entail.

More at: http://www.forbes.com/sites/johnwasik/2016/03/18/big-tax-savings-from-college-expenses/#4fd5a85625fd

4 money management tips from David Justin Urbas for newlyweds

Just after starting new life, usually people choose two ways- either they continue spending in their own way or start sharing all the responsibilities with the other. However, in either cases, getting things into order is not so easy. To avoid the difficulties to manage financial responsibilities after marriage, follow the tips shared by David Justin Urbas.

Share your financial information with the spouse:

The first step of managing finance, after marriage is sharing all the financial information with your spouse. Let him or her know about each and every account you have and the debt you have to pay. Also try to know the spending behavior of your partner. If possible, make a plan on how both of you will carry the monthly expenses.

List down the goals:

The next thing which you have to do is writing down all your expenses. It may be any big purchase or anything other that will require huge investment. Once it is done accurately, both of you will have an idea on how much of your earnings needs to be saved.

Make a budget:

Creating a budget and sticking to that is the basis of successful financial management. When you have an estimation of your future expenses, create a budget. Different online tools and templates are now available online. You can use any one of those to create your own budget.

Decide who will pay the monthly bills:

After marriage, you may have to bear the joint expenses. In that case, making any one responsible for paying the bills will make things easier. You can have a joint credit card too for paying common expenses such as grocery bills and internet bills.

Surely you will want to stay in a financially secured position in future also. Though the expenses may increase slightly after marriage, you should continue saving for retirement. Also revise your insurance policies with the partner to get more benefits.


It’s easy to tell when your credit is doing badly.  Perhaps you’ve had some late payments, or your debt became so overwhelming you had to seek a credit repair service, or request debt relief. But how can you be sure if it’s doing well?  There are a few telltale signs that consistently appear if you’ve been doing the right things.

If you’ve been paying your payments on time, keeping a low balance, and not overspending, chances are you may just be doing great.  Here are the signs that you’ve been doing a fantastic job.

Your Score Has Increased

Doing a check on your credit score once a month can reveal whether your credit score is doing well or not.  If you see that it is slowly increasing, then this means you are absolutely doing a great job.

A good score is considered 700 and higher.  So if you see your number starting to rise towards that range then you can be sure that this is a fantastic sign that your credit is doing well!  You can give yourself a big pat on the back and soak it up.

More at: http://financialadvicenow.co.uk/signs-credit-great/

David Justin Urbas - Are You Financially Resilient? 5 Signs To Look For

During the past year I’ve had the pleasure to get to know some amazing people who got punched in the mouth by life events in 2016. They shared one essential trait to help them persevere – resilience. Resilience is the ability to “roll with the punches” and deal with life events. From a personal finance perspective, here are a few key indicators that you have the resilience to prepare for the four-letter word “life” in 2017:

You have a financial life plan

The process of creating resolutions for change is very popular in the month of January, but it seldom results in lasting change. However, there is a big difference between a resolution and an authentic plan. As far as our personal finances are concerned, it takes more than strong resolve to navigate important decisions related to our money. You should never underestimate the importance of goal setting. Financially resilient people use goals to stay focused on what matters the most while preparing for the things that could potentially throw those plans off track.

More at: http://www.forbes.com/sites/financialfinesse/2017/01/15/are-you-financially-resilient-5-signs-to-look-for/#c66556b6622c

David Justin Urbas - Interest Rate Scare!

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Everyone was expecting an interest rate increase… but it didn’t happen.
Now what?

For Banks:
They can’t raise the rates on those variable rate mortgages and other loans

For consumers:
You continue to get low interest rates

Considering that consumers are saving more and have more in the bank (or credit unions) than ever before. Why save?

More at: http://www.wholeheartedway.com/cash-credit/interest-rate

David Justin Urbas - 5 Ways To Get Small Loans For Specific Purchases

There will be times in life when you don’t have quite enough money to get something specific that you need to improve your quality of life. You know that you earn enough to pay for something in the long term, but on short notice, your finances just don’t cut it. So what do you do? You get a loan.

And because you’re aiming for something specific (like a car or a house, for example), the approach to getting that loan is more definite, and you can look to things like private loan companies, local banks, friends and family, specific financing options, and even potentially from the government.

Private Loan Companies

For short, quick loans where spectacular credit isn’t all that big of a deal, you can look into third party private loans for small amounts without too much worry. There are probably thousands of these small lenders, and they often have a specialty or niche that they deal with to keep their business organized as well. Some smell lenders specialize in small business loans, or loans for car down payments, for instance.

More at: http://financialadvicenow.co.uk/5-ways-get-small-loans-specific-purchases/

3 budgeting tips from David Justin Urbas for every small business owners

The start ups usually run on a limited budget, though they have a lots of things to do- from paying back loans to investing in new infrastructure. There is only one way to accomplish all these, i.e. saving money from wherever they can. Here are some tips from David Justin Urbas that can help you to utilize the financial resources perfectly.

Know your risks: Certain level of risk is associated with every type of business venture and each of these impact your organization financially. Thus, before making budget, it is important to know, what are the risks associated with your business and to what extent those can affect financial resources. Also take into account the expenses like health hazards for employees, expenses required for natural disaster and many more. Distinguishing between the long term and short term risks is also important for making budget effectively.

Estimate the expenses: Once all the risks to your business are identified, start listing down the expenses and estimating those. If your organization runs on project to project basis, you should predict expenses for each of those. However, there is always a chance that the actual expenses will be more than the anticipated cost. While making budget, you should be ready to meet these extra expenses. The best way to ensure this, is overestimating the expenses.

Be attentive to the sales cycle: Businesses go through busy and slow periods alternatively. If there is an off-season, you should take the expenses of that time into account. Apart from this, during these off-seasons, invest in such way so that your organization becomes prepared for the next sales boom.

During initial days, the businesses require investing a lot for different purposes. David Justin Urbas says that you should plan for these expenses early enough so that the financial risks can be mitigated.

How to have a richer life: know 4 tricks from David Justin Urbas

Leading a richer life requires just little planning in advance and readiness to save money regularly. Below are some tips from David Justin Urbas that can help you to plan and save money early for a happy retired life.

Review the expenditure from the very first job: To get a richer retired life, you should start saving money as early as possible. At first, you have to review the current expenditures. If there is any opportunity for cutting down the expenses, utilize it.

Create a list of all your financial assets: The next task you require doing is creating list of all the financial assets, apart from pension funds. Also, try to identify the potential sources of income that can help you in future. Once the list is done, you will get an idea on the approximate fund available to your hand.

Review the returns: Assessing the investments you have made and determining returns you are getting on those, is another important task that you have to do to plan for the retirement. The financial advisors suggest to check regularly whether you are getting adequate return or not. Along with it, you should look for scopes to invest the financial resources in such way so that more return can be obtained.

Assess your ability to take risk: Sometimes, you can get large return on the savings just by investing that in slightly risky way. However, before doing this, you should remember that such attempts can not bring great results always. So, before investing the fund in such way, consult with a financial advisor. It will help you to reduce the chances of mistakes.

If you are on the verge of retirement, try to move the assets to cash. In the first few years of retirement, having a healthy fund will be effective to mitigate the  negative effects of income downturn.

David Justin Urbas - How To Get Past The Resistance To Hire A Financial Advisor

If you own a car, chances are you don’t wait until the engine explodes to maintain it.  If you own a home, you likely attend to normal maintenance and repairs rather than waiting until the paint has peeled off the walls or you can see the sky through your roof before taking action.  Yet, when it comes to your financial life (and I am talking about the entire scope of life goals planning, cash flow management, risk management, retirement planning, investments, college planning, estate planning and tax planning) you hide your head in the sand and avoid the “scary” stuff at all costs.  And why not? These topics likely aren’t within the scope of your personal expertise. Believe me, I get it!

Here are some questions to ask yourself as you think through this big topic:

  1. What is MOST important to me and my family?
  2. What is the LIKELY result if I continue to ignore these issues?
  3. What would I EXPECT from working with a qualified financial advisor?