Articles written by Darrell Victor in Personal Finance

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About me - Darrell Victor

I am a former insurance advisor from the Caribbean. Even though I worked in the financial sector and am currently pursuing an accounting qualification, my subject interest is primarily Social Psychology. However, being involved with the insurance industry

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Personal Finance > Budgets & Saving Best ways to save money: 1 of 65
Saving involves putting aside money for a specific purpose/ goal and also reducing expenses. The principle of saving is basic and doesn't involve anything remarkable or revolutionary. The best ways to save, however, involve practical and easy ways to save that sometimes do not even require much effort on your part. 1) Save m... More..
Personal Finance > Budgets & Saving Why you should make a budget: 1 of 30
Budgeting is not an activity that should be undertaken for its own sake. In the context of a proper financial plan, the importance of making a budget is unquestionable. Ultimately, creating (and following) a budget improves your life by creating a series of other benefits that assist your personal finance management. 1) Fina... More..
Personal Finance > Financial Planning How budgeting can improve your life: 2 of 56
The importance of budgeting in financial planning is unquestionable. In the bigger picture, finances perform a major role in determining significant aspects of the quality of your life. As such, any activity that can help you manage your finances may have a positive impact on your life. Budgeting is one such activity. The qu... More..
Personal Finance > Retirement What to do if you don't want to retire: 1 of 28
Imagine that you do not want to retire from your job, but have to because of factors like age limits or health reasons. That's involuntary retirement; a situation where you seem to have fewer options. Thankfully, there remain viable alternatives that you can explore. For instance, you could simply move on from one job but no... More..
Personal Finance > Financial Planning Why budgets fail: 1 of 22
Budgeting is part of a complete financial program. After all, a budget clearly defines how you will allocate your income stream. However, budgeting seems like a purely academic exercise to some persons. This attitude may cause and result in budget failure. Budget failure can occur in the process of budgeting or at its implem... More..
Personal Finance > Financial Planning Steps to financial independence: 2 of 36
Some goals in life cannot be achieved in a single-leap. Financial independence- the Holy Grail of financial planning- is one such goal. It means so much more than having a lot of money to finance a fancy lifestyle. Neither is it about working for a high monthly income (that may disappear with the job that you hold). Financia... More..
Personal Finance > Retirement How to maximize your retirement income: 1 of 17
Retirement, like life itself, is not primarily about finances. However, increased income facilitates comfortable living at any stage of life. Maximising retirement income is more than just reducing expenses or dumping funds into annuities years before retirement. It is relatively easier to maximise retirement income in the p... More..
Personal Finance > Auto Insurance Ways to keep your auto insurance rates down: 1 of 16
Just as you service your vehicle frequently, you should 'tune-up' your auto insurance policy at least once a year. Several variables change from year to year that can lower your auto insurance premium. However, you do not need to sacrifice good coverage for lower rates. There are at least nine easy ways to reduce your auto i... More..
Personal Finance > Life Insurance How much life insurance should one buy?: 1 of 16
Where life insurance is concerned, under-insurance is risky and over-insurance is financial profligacy. Having 'enough' life insurance cover can save you thousands or tens of thousands of dollars in the end. The question of "How much?" can be viewed in the context of premium and coverage amount. Ideally, both coverage and pr... More..
Personal Finance > Financial Planning How to really live within your means: 1 of 16
Living within your means is just living a lifestyle that you can sustain for years and still accumulate wealth over time. After all, you can only save and invest when you have some funds from your income left to save. Living within your means helps you to save towards future benefits and needs. If you spend as much as you ea... More..