A lot of people have taken out this so called insurance over the last few years. From small loans for furniture on by now pay later policies to much larger loans and even home mortgages, Payment Protection Insurance (PPI) was frequently included in the monthly cost.
A simple payment to protect your debts
The idea was simple. You pay a little extra on your loan each month and then should you find yourself out of work for whatever reason, the Payment Protection Insurance kicks in and covers the monthly repayments that you cannot make.
It does sound great, an insurance policy that will keep the debt collectors off the door step if you lose your income. However, covering absolutely everyone could have been extremely expensive for the insurance industry, so they cover their own backs by disqualifying a lot of borrowers.
But not everyone can claim
Exactly who was disqualified from a claim would have depended on the exact policy, but factors may include your age; whether you are in full time or part time employment; self employment; length of time working for the employer; when you found out that your job was at risk and a whole lot more.
And the worst of it is that some of these criteria make it obvious from the start that the policy would never have paid out. But, even though this was true, the salesman selling the loan forced the customer's hand and got them to take out a worthless PPI policy. Why? Well usually because they are on a fantastic commission per policy sold.
My own situation
In my own case, PPI was added to a loan for furniture that I was buying on a buy now pay later policy. The salesman had asked me about how safe my job was and I told him I was self employed (and excluded from their policy). He asked what would I do if the monthly income didn't cover the repayments and I told him that I had already saved up the cash for the purchase and it was in the bank. Again, I another reason for not needing PPI - I had the loan covered.
In my case he amended the paperwork after I signed it, but I was fortunate enough to see this in time and paid off the loan before any payments kicked in.
If you are not so lucky
However, if you have had to pay for PPI payments, whether you needed the cover or not, then you might find that you can reclaim the payments that you have had to pay out. Whether you have cancelled the cover or not, if you have paid out the premiums you might be able to reclaim them with some suitable help.
Written by Keith Lunt. If you want to know more about how to reclaim PPI or to start the process to claim back PPI for yourself, call in.
Article Source: http://EzineArticles.com/?expert=Keith_Lunt
Wednesday, 29 December 2010
Medical Debt Settlement - Why Debt Settlement Deals Are Easier To Get Now
Medical debt settlement, these days everyone is talking about it because it is undoubtedly a golden chance to get rid of massive medical liabilities. Medical debt settlement as its name suggests a sophisticated process of dialogues being enacted between you and your creditors in order to reach at final agreeable repayment plan.
Medical debt settlement is not only being supported by federal government but it also being welcomed by creditors. Yes creditors are ready to engage in dialogues for repayment of liabilities. They have changed their attitude due to fear of foreclosures. It is not only you i.e. debtors who are being threatened by possible bankruptcy but creditors too are facing risks or threats of foreclosures in case of your ultimate bankruptcy. So in other words they are now on your mercy for their survival, you must know about it and use it as your strength.
Debt settlement program work on above mentioned principle i.e. it use your strength which is threat of bankruptcy in order to compel your creditors for acceptable amount of reduction in your liabilities so that than you could able to discharge remaining portion affordably. In negotiation process, thousands of credit card debtors are being exempted from repaying more than half of their unsecured liabilities because their debt negotiation companies are using special tactics with this threat for pressurizing creditors for maximum debt exemption.
That's why in medical debt settlement, debt settlement deals are easier to get now. You must punch this fault line and extract matchless benefits from it as I mentioned above i.e. more than 50 percent debt exemption legally. It is possible only when you have hired a most competent and focused debt negotiation company because if you hired an efficient one than ultimately you may deprive from getting enormous benefits of debt negotiation program.
It is wise and advisable for you to take the advantage of this situation and get rid of your unsecured liabilities as fast as possible through following and getting assistance from specialized and skilled debt negotiation companies.
If you have over $10,000 in unsecured debt it may be a wise financial decision to consider a debt settlement. Due to the recession and overwhelming amount of people in debt, creditors are having no choice but to agree to debt settlement deals. To find legitimate debt reduction help in your state and get free debt advice then check out the following link.
Free Debt Help
Article Source: http://EzineArticles.com/?expert=Steven_Collier
Medical debt settlement is not only being supported by federal government but it also being welcomed by creditors. Yes creditors are ready to engage in dialogues for repayment of liabilities. They have changed their attitude due to fear of foreclosures. It is not only you i.e. debtors who are being threatened by possible bankruptcy but creditors too are facing risks or threats of foreclosures in case of your ultimate bankruptcy. So in other words they are now on your mercy for their survival, you must know about it and use it as your strength.
Debt settlement program work on above mentioned principle i.e. it use your strength which is threat of bankruptcy in order to compel your creditors for acceptable amount of reduction in your liabilities so that than you could able to discharge remaining portion affordably. In negotiation process, thousands of credit card debtors are being exempted from repaying more than half of their unsecured liabilities because their debt negotiation companies are using special tactics with this threat for pressurizing creditors for maximum debt exemption.
That's why in medical debt settlement, debt settlement deals are easier to get now. You must punch this fault line and extract matchless benefits from it as I mentioned above i.e. more than 50 percent debt exemption legally. It is possible only when you have hired a most competent and focused debt negotiation company because if you hired an efficient one than ultimately you may deprive from getting enormous benefits of debt negotiation program.
It is wise and advisable for you to take the advantage of this situation and get rid of your unsecured liabilities as fast as possible through following and getting assistance from specialized and skilled debt negotiation companies.
If you have over $10,000 in unsecured debt it may be a wise financial decision to consider a debt settlement. Due to the recession and overwhelming amount of people in debt, creditors are having no choice but to agree to debt settlement deals. To find legitimate debt reduction help in your state and get free debt advice then check out the following link.
Free Debt Help
Article Source: http://EzineArticles.com/?expert=Steven_Collier
Finding Out More About Anonymous Transactions
Anonymous transactions are believed to provide financial freedom and power to whoever is practicing it. For many who would also want to know how the service works, curiosity allows them to want to learn more about it. The basics of Anonymous transactions are easy, move assets or make it work while keeping a low profile. By keeping a low profile meaning you don't have to keep looking over your shoulder for some invisible group or person trailing behind you or the money that you worked hard for.
Asset protection is something that is natural to all of us. We understand all too well the hard work that we put in acquiring those, of course it means we will want to keep these assets as long as possible. Assets though involve taxes, some are even absolutely enormous. Thus the anonymous transaction is very helpful in reducing possible large taxes for assets. The legality of these actions are greatly debated until now, but there is certainly no law against working your finances as silently as possible.
There are many ways to find out about anonymous transactions, and one is through the World Wide Web. Like everything else, the internet provides thousands of information that can be useful for your privacy hunt. Over the internet, you can get a couple of examples on which banks or financial institution offers these services. Additionally you can also find out about how you can successfully take care of your finances without the hazards of exposing too much about yourself.
Unlike the typical urban legend, anonymous transactions are actually possible. It may leave a light trail but it will certainly not make you a usual target either with the government or with parties who may be interested. One of the best places to learn more about it is through the internet as it provides a treasure chest of ideas on how to even normal people not just the millionaires can avail of this service.
For the best offshore advice visit http://www.offshoreletter.com/
Article Source: http://EzineArticles.com/?expert=Kuki_Pgalope
Asset protection is something that is natural to all of us. We understand all too well the hard work that we put in acquiring those, of course it means we will want to keep these assets as long as possible. Assets though involve taxes, some are even absolutely enormous. Thus the anonymous transaction is very helpful in reducing possible large taxes for assets. The legality of these actions are greatly debated until now, but there is certainly no law against working your finances as silently as possible.
There are many ways to find out about anonymous transactions, and one is through the World Wide Web. Like everything else, the internet provides thousands of information that can be useful for your privacy hunt. Over the internet, you can get a couple of examples on which banks or financial institution offers these services. Additionally you can also find out about how you can successfully take care of your finances without the hazards of exposing too much about yourself.
Unlike the typical urban legend, anonymous transactions are actually possible. It may leave a light trail but it will certainly not make you a usual target either with the government or with parties who may be interested. One of the best places to learn more about it is through the internet as it provides a treasure chest of ideas on how to even normal people not just the millionaires can avail of this service.
For the best offshore advice visit http://www.offshoreletter.com/
Article Source: http://EzineArticles.com/?expert=Kuki_Pgalope
Capitalizing On The Greatest Wealth Transfer In History
So what's been going on for the past 3 years? I thought Obama declared this 'recession' over when he took time out of his day to sit down and chat with those nice ladies on 'The View'. I mean... They bailed out the banks, the car companies, and the housing industry. They gave me cash for my clunker, and a nice little tax credit for buying my first house.
I've lived through a few recessions in my time, and came out the other side just fine, so can we just get back to shopping yet!?" That's how most Americans view this "recession," but what they don't realize is that we're not experiencing a recession...
We're experiencing the mother of all wealth cycles that will end (as a cycle of this type historically does) with...
1: Deflation that will put the Great Depression to shame.
2: Hyperinflation that will destroy the US Dollar.
Or BOTH, in the form of a "Hyperinflationary Depression", as Michael Maloney and Robert Kiyosaki predict.
What's important to understand, is that this Super Cycle has repeated itself hundreds of times, in hundreds of countries since the dawn of man's first currency. This time it will not be any different. It is inevitable, and there's nothing you and I can do to stop it. But with all great change comes great opportunity, and it is possible to end up on the winning side.
So What Are Wealth Cycles? Simply put, a wealth cycle shows how you can move your money from an over-valued asset class in a bubble, to an undervalued asset class. Then ride the new asset up until it becomes over-valued, sell, and repeat the process. A great example of this is the Dot.com bubble of the late 1990's. Many people don't realize this, but the tech investing boom actually started in the early 1980′s just as the last gold ans silver boom was ending. Much of the money moved out of gold and silver, which was over-valued by 1980, into emerging tech stocks and internet start-ups. As gold was sucked dry, it's priced dropped from $850 in 1980, to $255 by 2001. Much of that wealth moved into tech and created the largest asset bubble in history at that time by the year 2000. In 2001, the peak of the.com wealth cycle had been reached, and the money started flooding out of tech stocks, and into tangible assets and real-estate. As the final phase of real-estate progressed, trillions of dollars flooded into housing, fueling the largest housing boom in history. The price of a median family home went from $169,000 in 2000, to $247,900 in 2007, but then it peaked, and the money is now pouring into the next sector... Precious metals. If you understand the current cycle, you can get wealthy by selling at the top of the current one, and buying at the bottom of the next. Unfortunately, the uneducated public does the exact opposite. They buy assets that are hot and rising, and then sell in a panic at a loss, not realizing that the cycle has ended and that the smart money has already moved on. This is why understanding Wealth Cycles is the single most important part of your investing strategy.
The Current Wealth Cycle: But something interesting happened during this cycle... Banks made an unprecedented number of loans to people who should not have been given a loan. Then they took those bad loans and packaged them into derivatives, which were then sold again. This flood of money fueled a global level of growth unlike anything the world had ever seen. Entire cities sprung from the desert sands of Dubai in less than 10 years. People were using their increasing home equity levels like a massive ATM machine to by luxury cars, vacations, and to invest into the market. But there was one tiny problem... While the housing bubble was the largest in history, it wasn't inflated by existing money like the tech bubble was. It was inflated by newly issued DEBT in the form of these home and equity loans. It was filled with poisonous IOU's held by people who had no way to ever pay them back. Then on August 6th, 2007, the "American Home Mortgage Company" filed for bankruptcy - quietly popping the real-estate bubble, and throwing a wrench into what had been a pattern of manageable wealth cycles fueled by existing money that moved from over-valued assets, to undervalued assets.
The mortgage company's closure was the sign that the global system could not absorb any more of the debt that had fueled the incredible growth seen in the US, in Dubai, in Singapore, in Malaysia, China, and many other countries who had experienced massive booms in real-estate and development. That day, the debt bubble burst, and because all of this debt had been collateralized and resold time and time again through derivatives, it was an event that was felt around the world. Now the popping of any credit bubble is a deflationary event, and in the case of the great depression, it was extremely deflationary. When a home goes into foreclosure, a loan gets defaulted on, or when someone files bankruptcy, that currency simply disappears back into currency heaven where it came from. So as credit goes bad, the currency supply contracts and deflation sets in. This is what happened in 1930-1933. As a wave of foreclosures and bankruptcies swept the nation, one-third of the currency supply of the United States evaporated into thin air. Over the next 3 years, wages and prices fell by 1/3. Companies could not afford to pay their people, and those people could not afford to pay their bills. And as we all know, whether it's from stories of our grandparents, or pictures from the history books, it was disastrous period in our country's history.
This process began once again, in 2008 with the popping of the housing credit bubble. Over the past 24 months, deflation has sucked an estimated 60 TRILLION worth of credit out of the global economy. That's 60 Trillion dollars worth of fuel, which was flaming the fires growth around the world, and it virtually disappeared over night. What appeared to be wealth was only a mirage, and the massive global economy has been slowly grinding to a halt as the debt unwinds and works through the system via deflation. Normally, this would be an extremely painful, but natural and healthy remedy for the problem. Companies and individuals who made poor decisions, and who were reckless with their debt levels (like GM, Lehman Brothers, Fannie Mae, Freddie Mac, etc) would fail as they deserved to.
The fit would survive to rebuild, and the system would be purged of the stupid and the weak.
But two particular groups of people have been doing everything possible to prevent that cleansing... The bankers of the Federal Reserve, and our elected politicians. Their actions and policies have already determined which asset class the wealth of the world will be transferred to next... Unfortunately, the transfer is so large this time, that if history is any indication of the future, it will take down the entire fiat currency system in the process.
Hi it's RJ Hirsch, Is your passion financial security and wealth creation?
The Elevation Group is a knowledge based resource for you to capitalize on the greatest wealth transfer in history, by positioning yourself on the receiving side of this wealth transfer you stand the chance to become very very wealthy. Watch the Free presentation about The Elevation Group and the Greatest Wealth Transfer In History
Article Source: http://EzineArticles.com/?expert=RJ_Hirsch
I've lived through a few recessions in my time, and came out the other side just fine, so can we just get back to shopping yet!?" That's how most Americans view this "recession," but what they don't realize is that we're not experiencing a recession...
We're experiencing the mother of all wealth cycles that will end (as a cycle of this type historically does) with...
1: Deflation that will put the Great Depression to shame.
2: Hyperinflation that will destroy the US Dollar.
Or BOTH, in the form of a "Hyperinflationary Depression", as Michael Maloney and Robert Kiyosaki predict.
What's important to understand, is that this Super Cycle has repeated itself hundreds of times, in hundreds of countries since the dawn of man's first currency. This time it will not be any different. It is inevitable, and there's nothing you and I can do to stop it. But with all great change comes great opportunity, and it is possible to end up on the winning side.
So What Are Wealth Cycles? Simply put, a wealth cycle shows how you can move your money from an over-valued asset class in a bubble, to an undervalued asset class. Then ride the new asset up until it becomes over-valued, sell, and repeat the process. A great example of this is the Dot.com bubble of the late 1990's. Many people don't realize this, but the tech investing boom actually started in the early 1980′s just as the last gold ans silver boom was ending. Much of the money moved out of gold and silver, which was over-valued by 1980, into emerging tech stocks and internet start-ups. As gold was sucked dry, it's priced dropped from $850 in 1980, to $255 by 2001. Much of that wealth moved into tech and created the largest asset bubble in history at that time by the year 2000. In 2001, the peak of the.com wealth cycle had been reached, and the money started flooding out of tech stocks, and into tangible assets and real-estate. As the final phase of real-estate progressed, trillions of dollars flooded into housing, fueling the largest housing boom in history. The price of a median family home went from $169,000 in 2000, to $247,900 in 2007, but then it peaked, and the money is now pouring into the next sector... Precious metals. If you understand the current cycle, you can get wealthy by selling at the top of the current one, and buying at the bottom of the next. Unfortunately, the uneducated public does the exact opposite. They buy assets that are hot and rising, and then sell in a panic at a loss, not realizing that the cycle has ended and that the smart money has already moved on. This is why understanding Wealth Cycles is the single most important part of your investing strategy.
The Current Wealth Cycle: But something interesting happened during this cycle... Banks made an unprecedented number of loans to people who should not have been given a loan. Then they took those bad loans and packaged them into derivatives, which were then sold again. This flood of money fueled a global level of growth unlike anything the world had ever seen. Entire cities sprung from the desert sands of Dubai in less than 10 years. People were using their increasing home equity levels like a massive ATM machine to by luxury cars, vacations, and to invest into the market. But there was one tiny problem... While the housing bubble was the largest in history, it wasn't inflated by existing money like the tech bubble was. It was inflated by newly issued DEBT in the form of these home and equity loans. It was filled with poisonous IOU's held by people who had no way to ever pay them back. Then on August 6th, 2007, the "American Home Mortgage Company" filed for bankruptcy - quietly popping the real-estate bubble, and throwing a wrench into what had been a pattern of manageable wealth cycles fueled by existing money that moved from over-valued assets, to undervalued assets.
The mortgage company's closure was the sign that the global system could not absorb any more of the debt that had fueled the incredible growth seen in the US, in Dubai, in Singapore, in Malaysia, China, and many other countries who had experienced massive booms in real-estate and development. That day, the debt bubble burst, and because all of this debt had been collateralized and resold time and time again through derivatives, it was an event that was felt around the world. Now the popping of any credit bubble is a deflationary event, and in the case of the great depression, it was extremely deflationary. When a home goes into foreclosure, a loan gets defaulted on, or when someone files bankruptcy, that currency simply disappears back into currency heaven where it came from. So as credit goes bad, the currency supply contracts and deflation sets in. This is what happened in 1930-1933. As a wave of foreclosures and bankruptcies swept the nation, one-third of the currency supply of the United States evaporated into thin air. Over the next 3 years, wages and prices fell by 1/3. Companies could not afford to pay their people, and those people could not afford to pay their bills. And as we all know, whether it's from stories of our grandparents, or pictures from the history books, it was disastrous period in our country's history.
This process began once again, in 2008 with the popping of the housing credit bubble. Over the past 24 months, deflation has sucked an estimated 60 TRILLION worth of credit out of the global economy. That's 60 Trillion dollars worth of fuel, which was flaming the fires growth around the world, and it virtually disappeared over night. What appeared to be wealth was only a mirage, and the massive global economy has been slowly grinding to a halt as the debt unwinds and works through the system via deflation. Normally, this would be an extremely painful, but natural and healthy remedy for the problem. Companies and individuals who made poor decisions, and who were reckless with their debt levels (like GM, Lehman Brothers, Fannie Mae, Freddie Mac, etc) would fail as they deserved to.
The fit would survive to rebuild, and the system would be purged of the stupid and the weak.
But two particular groups of people have been doing everything possible to prevent that cleansing... The bankers of the Federal Reserve, and our elected politicians. Their actions and policies have already determined which asset class the wealth of the world will be transferred to next... Unfortunately, the transfer is so large this time, that if history is any indication of the future, it will take down the entire fiat currency system in the process.
Hi it's RJ Hirsch, Is your passion financial security and wealth creation?
The Elevation Group is a knowledge based resource for you to capitalize on the greatest wealth transfer in history, by positioning yourself on the receiving side of this wealth transfer you stand the chance to become very very wealthy. Watch the Free presentation about The Elevation Group and the Greatest Wealth Transfer In History
Article Source: http://EzineArticles.com/?expert=RJ_Hirsch
Anonymous Bank Transactions for Offshore Accounts
Many of us wonder how truly effective offshore banking is. Basically it is a bank account that is opened outside of your own country. Just like those fictional characters that you see all too often in movies or read in books, offshore banking has its own ways may it be an advantage or disadvantage. Most people think that engaging in offshore banking include services such as banking secrecy, tax free services, and protection from the usual civil litigations, and this greatly increase their interest in using offshore banking.
However, do anonymous bank transactions really work? Does it really provide the advantages that a lot of people longed for? Does the privacy that it offers really do the trick to protect your hard earned money?
Right before the laws against secret banking were applied to the Swiss banking institution as well as its neighboring countries, keeping an anonymous bank account was a haven for many. Anyone even without identification and social security number can open a bank account. From as small as a $100 even to a million bucks clients are assured of a complete anonymous account. The face of banking security however changed in recent years as many countries already require transparency even with offshore accounts.
What used to be a complete service is now a thing of the past. This is especially true with Swiss bank accounts and other European countries that used to provide this kind of service. Anonymous bank transactions are not impossible though, however those few who would still want to work their way in keeping their money from the usual prying eyes of the government can still open an offshore account.
Keeping your money offshore however gives the government minimum control and access to it. Aside from that it gives you minimal trouble when it comes to the huge amount of taxes your money may incur. Moreover you can also work with your bank to keep your account low profile. Though being completely anonymous when transacting business is no longer possible you can still work with your bank to protect much of the services that you require from them.
To answer the questions, anonymous bank transactions can still work by knowing how and where to do this kind of services. By being honest with your identity and the purpose of keeping an offshore bank account, many banks will and can work with keeping your account secret other than that of the bank itself.
Check out the best offshore advice at http://www.offshoreletter.com/
Article Source: http://EzineArticles.com/?expert=Kuki_Pgalope
However, do anonymous bank transactions really work? Does it really provide the advantages that a lot of people longed for? Does the privacy that it offers really do the trick to protect your hard earned money?
Right before the laws against secret banking were applied to the Swiss banking institution as well as its neighboring countries, keeping an anonymous bank account was a haven for many. Anyone even without identification and social security number can open a bank account. From as small as a $100 even to a million bucks clients are assured of a complete anonymous account. The face of banking security however changed in recent years as many countries already require transparency even with offshore accounts.
What used to be a complete service is now a thing of the past. This is especially true with Swiss bank accounts and other European countries that used to provide this kind of service. Anonymous bank transactions are not impossible though, however those few who would still want to work their way in keeping their money from the usual prying eyes of the government can still open an offshore account.
Keeping your money offshore however gives the government minimum control and access to it. Aside from that it gives you minimal trouble when it comes to the huge amount of taxes your money may incur. Moreover you can also work with your bank to keep your account low profile. Though being completely anonymous when transacting business is no longer possible you can still work with your bank to protect much of the services that you require from them.
To answer the questions, anonymous bank transactions can still work by knowing how and where to do this kind of services. By being honest with your identity and the purpose of keeping an offshore bank account, many banks will and can work with keeping your account secret other than that of the bank itself.
Check out the best offshore advice at http://www.offshoreletter.com/
Article Source: http://EzineArticles.com/?expert=Kuki_Pgalope
Three Steps to Cheaper Financing
Sooner or later, most businesses need to turn to external sources to finance growth; whether it's to invest in new equipment or machinery, to purchase property, upgrade technology, or even to maintain cashflow whilst a new product line kicks in. The cost of external financing can be considerable, and keeping it down is a key element in maximising your profitability. So; have a look at 3 ways we have chosen to find cheaper financing.
1. Plan Ahead
Plan your financing requirements well in advance - if possible, as much as a year before you will need the funds. This gives you enough time to prepare a robust application, shop around for the best provider, and negotiate the most favourable terms. If you left your planning to the last minute, not only will you limit your negotiating power, you might also give the impression that your expansion plans are not very well thought-out. Obviously, business owners need to be agile and respond to opportunities quickly, but this doesn't change the face that quick money is invariably expensive money.
2. Make the lender bid for your business
Once you have a well-prepared financing plan, approach a number of lenders, and ask for them to submit a proposal. These days, banks are used to having to bid for your business. But don't just focus solely on the cost - consider factors such as the quality of the working relationship, how much experience they have in your industry, etc. Use your track record to try and minimise charges; don't forget, the main concern for lenders if the degree of risk involved. If you have a good track record, you may be able to negotiate cheaper charges.
3. Ask for more than you need
Many business owners are too modest in their funding applications, fearing that if they ask for too much, it will decrease their chances of success. But it is much worse to underestimate your requirements. Returning a few months later to ask for more on top of your loan will not only start to ring alarm bells about the reliability of your business plan; it is also a lot more expensive to process two applications rather than one.
Ben works for the best Accountants in Sussex Keepers Accountancy. To read more articles like this, please visit our website
Article Source: http://EzineArticles.com/?expert=Benjamin_M_Williams
1. Plan Ahead
Plan your financing requirements well in advance - if possible, as much as a year before you will need the funds. This gives you enough time to prepare a robust application, shop around for the best provider, and negotiate the most favourable terms. If you left your planning to the last minute, not only will you limit your negotiating power, you might also give the impression that your expansion plans are not very well thought-out. Obviously, business owners need to be agile and respond to opportunities quickly, but this doesn't change the face that quick money is invariably expensive money.
2. Make the lender bid for your business
Once you have a well-prepared financing plan, approach a number of lenders, and ask for them to submit a proposal. These days, banks are used to having to bid for your business. But don't just focus solely on the cost - consider factors such as the quality of the working relationship, how much experience they have in your industry, etc. Use your track record to try and minimise charges; don't forget, the main concern for lenders if the degree of risk involved. If you have a good track record, you may be able to negotiate cheaper charges.
3. Ask for more than you need
Many business owners are too modest in their funding applications, fearing that if they ask for too much, it will decrease their chances of success. But it is much worse to underestimate your requirements. Returning a few months later to ask for more on top of your loan will not only start to ring alarm bells about the reliability of your business plan; it is also a lot more expensive to process two applications rather than one.
Ben works for the best Accountants in Sussex Keepers Accountancy. To read more articles like this, please visit our website
Article Source: http://EzineArticles.com/?expert=Benjamin_M_Williams
Confessions of a CPD Accountant
Having delivered CPD courses for accountants for over 6 years I'd like to discuss/share my experience of the typical delegates on CPD courses at this time of year. For the last two months we've been in peak CPD season. Courses which have experienced low numbers all year round are suddenly full to capacity in December. Some courses are standing room only. One of the first questions I ask at the start of a CPD course is "Why are you here?" and "What are your learning objectives for this course" and what do you think is the most common response? Yes, that's right "I'm here for CPD points".
The reality
As a trainer it's really disheartening to hear that people are just attending courses for CPD points in December. After all CPD stands for "Continuing Professional Development". Yet, we need to face the reality that:
Firstly - people need CPD points as part of their accounting institute's CPD requirements (for example ACCA requires 21 verifiable CPD units); and
Secondly - there's nothing like a deadline of 31st December to spur people into action!
The issue
Those who attend traditional training courses just for CPD points can sometimes be bored as they are not necessarily interested in learning and developing, merely acquiring CPD hours.So some courses (obviously not my courses!) are full of both bored and therefore frustrated accountants.
The solution
Online CPD courses offer a suitable solution to this issue. There are a wide range of e-learning courses to choose from (at Financial Fluency we offer over 30 courses for example) so accountants can learn something which suits their needs rather then their point requirements.
Accountants do not have to travel to take online courses and therefore can avoid spending an unnecessary day away from the office. Online courses can be taken any time day or night. Even better - they do not have to be taken all at once. One of my beliefs is that people learn better in small doses and online courses can be taken in as small a doses as needed, even 30 minutes a day, would be effective for some people. Best of all is the price. Not even counting the abstraction and travel cost savings, the cost per CPD hour is far lower then that of a traditional CPD course.
So, why not try today? There are even free modules for you to try first. You'll find a full choice courses at www.financial-fluency.co.uk/online
The caveat
For those accountants who are geographically remote - it can be difficult to attend a traditional CPD course and therefore online training can fulfil all of their CPD requirements. At the same time, I still believe in the value of traditional CPD courses and face-to-face discussion. Like a balanced diet online CPD is best used to top-up or complement traditional training.
Stuart Warner Financial Fluency Ltd
Article Source: http://EzineArticles.com/?expert=Stuart_Warner
The reality
As a trainer it's really disheartening to hear that people are just attending courses for CPD points in December. After all CPD stands for "Continuing Professional Development". Yet, we need to face the reality that:
Firstly - people need CPD points as part of their accounting institute's CPD requirements (for example ACCA requires 21 verifiable CPD units); and
Secondly - there's nothing like a deadline of 31st December to spur people into action!
The issue
Those who attend traditional training courses just for CPD points can sometimes be bored as they are not necessarily interested in learning and developing, merely acquiring CPD hours.So some courses (obviously not my courses!) are full of both bored and therefore frustrated accountants.
The solution
Online CPD courses offer a suitable solution to this issue. There are a wide range of e-learning courses to choose from (at Financial Fluency we offer over 30 courses for example) so accountants can learn something which suits their needs rather then their point requirements.
Accountants do not have to travel to take online courses and therefore can avoid spending an unnecessary day away from the office. Online courses can be taken any time day or night. Even better - they do not have to be taken all at once. One of my beliefs is that people learn better in small doses and online courses can be taken in as small a doses as needed, even 30 minutes a day, would be effective for some people. Best of all is the price. Not even counting the abstraction and travel cost savings, the cost per CPD hour is far lower then that of a traditional CPD course.
So, why not try today? There are even free modules for you to try first. You'll find a full choice courses at www.financial-fluency.co.uk/online
The caveat
For those accountants who are geographically remote - it can be difficult to attend a traditional CPD course and therefore online training can fulfil all of their CPD requirements. At the same time, I still believe in the value of traditional CPD courses and face-to-face discussion. Like a balanced diet online CPD is best used to top-up or complement traditional training.
Stuart Warner Financial Fluency Ltd
Article Source: http://EzineArticles.com/?expert=Stuart_Warner
How to Save Money on the Holidays
The Christmas holiday is near and it's unavoidable to spend for new clothes, gifts and for parties. It might really be costly, but the thought and happiness of being with your friends and family during the holidays would suffice the amount of money that you are going to spend. However, it seems to still be more enjoyable when you know that you are able to save some money even during the holidays. Here are some interesting tips to help save money this Christmas:
1. Check out for discounted deals
During the holiday season, many establishments offer discounts and promos to attract customers. By looking for these establishments, you can make sure to save some money that you can use for other purposes.
2. Make a detailed menu
Planning your menu for the holidays will also be a good way to help you save some money. Having a detailed list of all the ingredients that you will need would mean that you don't have to go back and forth to the grocery store. Sometimes, you will also earn discounts when you buy in bulk orders rather than buying per piece.
3. Avoid using credit cards
Credit cards are good when you need something to help you in case of emergencies. But it won't be helpful if you will be using it on a daily basis. Always remember that when you are using your credit card, the money that you spend isn't really yours but it is the money being loaned to you by the credit card company which makes it your debt. In this case, prepaid debit cards or prepaid credit cards could help save you more since you will be cautious to spend too much when you know that the money is your own and may affect your savings in case of overspending.
There are still many ways to save money this Christmas. Just open your eyes to different opportunities and be careful with your spending. Christmas is a wonderful holiday to spend but it doesn't mean that you have to end up full of debt.
Philbert Manalo is an SEO expert and article writer working for different companies and websites.
One of the sites that he is working on is http://www.readydebit.com, a site that offers prepaid debit cards that may be able to help customers save their money.
For more inquiries on helpful prepaid credit card or prepaid debit card for your needs, you may call 866-465-1645 or send emails to contactus@readyfinancial.com
Article Source: http://EzineArticles.com/?expert=Philbert_Manalo
1. Check out for discounted deals
During the holiday season, many establishments offer discounts and promos to attract customers. By looking for these establishments, you can make sure to save some money that you can use for other purposes.
2. Make a detailed menu
Planning your menu for the holidays will also be a good way to help you save some money. Having a detailed list of all the ingredients that you will need would mean that you don't have to go back and forth to the grocery store. Sometimes, you will also earn discounts when you buy in bulk orders rather than buying per piece.
3. Avoid using credit cards
Credit cards are good when you need something to help you in case of emergencies. But it won't be helpful if you will be using it on a daily basis. Always remember that when you are using your credit card, the money that you spend isn't really yours but it is the money being loaned to you by the credit card company which makes it your debt. In this case, prepaid debit cards or prepaid credit cards could help save you more since you will be cautious to spend too much when you know that the money is your own and may affect your savings in case of overspending.
There are still many ways to save money this Christmas. Just open your eyes to different opportunities and be careful with your spending. Christmas is a wonderful holiday to spend but it doesn't mean that you have to end up full of debt.
Philbert Manalo is an SEO expert and article writer working for different companies and websites.
One of the sites that he is working on is http://www.readydebit.com, a site that offers prepaid debit cards that may be able to help customers save their money.
For more inquiries on helpful prepaid credit card or prepaid debit card for your needs, you may call 866-465-1645 or send emails to contactus@readyfinancial.com
Article Source: http://EzineArticles.com/?expert=Philbert_Manalo
What Are the Imperative Things to Know About the Best Stocks to Buy Now?
Uncertainty is the most crucial elements in the stock market. You are sitting in front of stock screens watching and thinking the best stocks to buy now. Stock market may jeopardize all your investment and leave you empty handed. Therefore, always plan a strategy that what do you actually want. If you are ignorant about any stock, then do not go for it. Possibility of losing money is always there, choose the stocks for which you are not ambiguous. Make a right choice about the best stocks to buy now.
Leverage risk may also imperil your decision, but remember; when you are dealing with the stock market, these hazards are always there. You have to manage your money, assets, business, balance sheets, and requirement, plan your strategy, and control the risk management while making a decision about the best stocks to buy now. Sometimes the undervalued stocks and neglected companies prove to be the best stock. This is because of the fact that very less people know about them and you are sure that the company and the stock can rapidly grow in the stock market.
You ought to do a thorough research to know about the best stocks. There are many gurus and formulas to help you to reduce the risks in buying stocks. Learn the market philosophy and stock trading tactics first. If you are ignorant of the rules and schemes of stock trading market, there is likelihood that you will never be able to flourish your business. Choose the type of investment that you will be working with; you will be either long-term investor or a short-term investor that is definitely your own choice. Stocks vary depending upon the investment type. Use the right time to buy and sell the stocks. Time procrastination can endanger your trading business. Research, experience, effort, and investment matter a lot in the market. Nowadays, many investors are using automated software to find the Best Stocks To Buy Now.
The Author is a professional writer, presently writing for Foreign Exchange Trading and Property Investment Companies.
Article Source: http://EzineArticles.com/?expert=Christine_Thomas
Leverage risk may also imperil your decision, but remember; when you are dealing with the stock market, these hazards are always there. You have to manage your money, assets, business, balance sheets, and requirement, plan your strategy, and control the risk management while making a decision about the best stocks to buy now. Sometimes the undervalued stocks and neglected companies prove to be the best stock. This is because of the fact that very less people know about them and you are sure that the company and the stock can rapidly grow in the stock market.
You ought to do a thorough research to know about the best stocks. There are many gurus and formulas to help you to reduce the risks in buying stocks. Learn the market philosophy and stock trading tactics first. If you are ignorant of the rules and schemes of stock trading market, there is likelihood that you will never be able to flourish your business. Choose the type of investment that you will be working with; you will be either long-term investor or a short-term investor that is definitely your own choice. Stocks vary depending upon the investment type. Use the right time to buy and sell the stocks. Time procrastination can endanger your trading business. Research, experience, effort, and investment matter a lot in the market. Nowadays, many investors are using automated software to find the Best Stocks To Buy Now.
The Author is a professional writer, presently writing for Foreign Exchange Trading and Property Investment Companies.
Article Source: http://EzineArticles.com/?expert=Christine_Thomas
What Is The Difference Between Financial Spread Betting And Stock Trading?
Financial spread betting, as well as stock trading is related to shares and their prices. But that is where the similarity ends. In fact, there are a lot of differences between stock trading and financial spread betting.
Taxes
There are no taxes on the profits gained through. This is because there isn't actual exchange of shares between the company and the one who speculates. It is just a contract and FSA considers it to be a form of gambling. Unlike short selling of shares, financial eliminates the risk as one only has to guess the rise and fall of share prices rather than try to buy and sell them.
Scope of revenue
You can invest your money by buying stock of whichever company you prefer. In the long run how you earn money is when the prices of the stocks that you have bought have risen, so that you could sell them at a profit. There is no limit to how many different companies' stock you can buy. However, with, the companies usually take bets only on the stock market indices. So if the index goes in accordance with your prediction you earn money. But if the index goes against your prediction then you lose money. But overall, the scope for earning revenues is limited in spread betting.
Who makes the rules?
There are always regulators who make the rules when it comes to stock trading. So, the rules are pretty much fixed for everyone and one can feel safe about the fact that there is a higher authority which will try its best to ensure that there aren't any scams and it is a level playing field for all the investors. In fact, even buying and selling patterns are constantly monitored to ensure that no one is trying to rig the stock market prices in order to make an unfair profit.
On the other hand financial companies are profit making organisations and they are not very different from the casinos. Therefore you could be in for a surprise due to some rules. Hence you always need to watch your back when you are involved in financial. As they say in gambling, the house always wins. So you have to be absolutely sure about what you are wagering on as you would be doing so on the outcome as well as payoff. How much you earn would therefore depend on how accurately you have wagered on the financial instruments.
Costs
The immediate costs of financial are seeming to be less. This is because for stock trading, you have to pay a commission to the broker. On the other hand, in the longer run the cost of funding for becomes equal to the taxes that are paid for stock investment and the brokerage. These charges usually are covered in the spread bets initially, but your deposits could grow too, if you have a long position for several weeks.
For greater insight into what Financial Spread Betting is and whether it suits your appetite for risk and winning, you can visit http://spreadcompare.co.uk
Article Source: http://EzineArticles.com/?expert=Terro_White
Taxes
There are no taxes on the profits gained through. This is because there isn't actual exchange of shares between the company and the one who speculates. It is just a contract and FSA considers it to be a form of gambling. Unlike short selling of shares, financial eliminates the risk as one only has to guess the rise and fall of share prices rather than try to buy and sell them.
Scope of revenue
You can invest your money by buying stock of whichever company you prefer. In the long run how you earn money is when the prices of the stocks that you have bought have risen, so that you could sell them at a profit. There is no limit to how many different companies' stock you can buy. However, with, the companies usually take bets only on the stock market indices. So if the index goes in accordance with your prediction you earn money. But if the index goes against your prediction then you lose money. But overall, the scope for earning revenues is limited in spread betting.
Who makes the rules?
There are always regulators who make the rules when it comes to stock trading. So, the rules are pretty much fixed for everyone and one can feel safe about the fact that there is a higher authority which will try its best to ensure that there aren't any scams and it is a level playing field for all the investors. In fact, even buying and selling patterns are constantly monitored to ensure that no one is trying to rig the stock market prices in order to make an unfair profit.
On the other hand financial companies are profit making organisations and they are not very different from the casinos. Therefore you could be in for a surprise due to some rules. Hence you always need to watch your back when you are involved in financial. As they say in gambling, the house always wins. So you have to be absolutely sure about what you are wagering on as you would be doing so on the outcome as well as payoff. How much you earn would therefore depend on how accurately you have wagered on the financial instruments.
Costs
The immediate costs of financial are seeming to be less. This is because for stock trading, you have to pay a commission to the broker. On the other hand, in the longer run the cost of funding for becomes equal to the taxes that are paid for stock investment and the brokerage. These charges usually are covered in the spread bets initially, but your deposits could grow too, if you have a long position for several weeks.
For greater insight into what Financial Spread Betting is and whether it suits your appetite for risk and winning, you can visit http://spreadcompare.co.uk
Article Source: http://EzineArticles.com/?expert=Terro_White
The Shape of Insurance in Dubai
Dubai has grown into a mega city, but the trappings of Islamic society remain. Thus the field of Insurance is also within the ambit of Islam. But at the same time Dubai will like to come on the world map and with an increasing level of expat work force and setting up of businesses, thus this sector has also got a fillip. Thus from 01 Jan 2009 health insurance has become mandatory for all residents of Dubai.
Thus insurance sector is on the upswing and as per latest figures it is growing at the rate of about 20%. A number of types of policies some of which come in the mandatory category are introduced in Dubai. Health auto insurance has become mandatory. Covering the large workforce is compulsory for companies as far as health is concerned. In addition it is mandatory for all cars to have compressive auto policy as well. The other classical forms of insurance like life insurance and its mutants are also heavily subscribed by individuals.
Dubai has opened its doors in this sector to foreign players as well and in due course more and more foreign companies may enter Dubai. Presently the field in Dubai is controlled by some local companies. These local companies cover all aspects of insurance and its mutants. Though health and auto insurance is on the upswing yet life cover is as yet on a lower scale. The important companies operating in Dubai are Bahrain national, AXA, AIG, and Gulf union, medic union, BUPA, HSBC, Allianz and many more. This makes it a pretty crowded affair.
Some facets of insurance in Dubai particularly auto and car insurance is not in consonance with the world and looks out of place. For example drivers below the age of 25 are finding it difficult to get cover. In addition cars more than 5 to 7 years old will be difficult to get comprehensive cover. Again some policies do not insure cars off road thus an in case you use your car in the dunes you may get no compensation.
Another important aspect is that in Dubai you can't drink drive a car and claim insurance in case of an accident. This is a total taboo. You will also have to pay blood money to the tune of 200,000 dhs in case a person dies in a car accident on the road. This does not fit in with practices worldwide. Insurance in Dubai has however great potential and many global players have entered the insurance field, despite the trappings of Islamic law and the Shariat.
Article Source: http://EzineArticles.com/?expert=Madan_G_Singh
Thus insurance sector is on the upswing and as per latest figures it is growing at the rate of about 20%. A number of types of policies some of which come in the mandatory category are introduced in Dubai. Health auto insurance has become mandatory. Covering the large workforce is compulsory for companies as far as health is concerned. In addition it is mandatory for all cars to have compressive auto policy as well. The other classical forms of insurance like life insurance and its mutants are also heavily subscribed by individuals.
Dubai has opened its doors in this sector to foreign players as well and in due course more and more foreign companies may enter Dubai. Presently the field in Dubai is controlled by some local companies. These local companies cover all aspects of insurance and its mutants. Though health and auto insurance is on the upswing yet life cover is as yet on a lower scale. The important companies operating in Dubai are Bahrain national, AXA, AIG, and Gulf union, medic union, BUPA, HSBC, Allianz and many more. This makes it a pretty crowded affair.
Some facets of insurance in Dubai particularly auto and car insurance is not in consonance with the world and looks out of place. For example drivers below the age of 25 are finding it difficult to get cover. In addition cars more than 5 to 7 years old will be difficult to get comprehensive cover. Again some policies do not insure cars off road thus an in case you use your car in the dunes you may get no compensation.
Another important aspect is that in Dubai you can't drink drive a car and claim insurance in case of an accident. This is a total taboo. You will also have to pay blood money to the tune of 200,000 dhs in case a person dies in a car accident on the road. This does not fit in with practices worldwide. Insurance in Dubai has however great potential and many global players have entered the insurance field, despite the trappings of Islamic law and the Shariat.
Article Source: http://EzineArticles.com/?expert=Madan_G_Singh
An Accountant Talks About The Many Benefits Of Living In Nevada
Living in the state of Nevada may not seem special, but it is a big deal as far as taxes are concerned. Nevada is one of five states that do not have a personal income tax. As an accountant who works with individuals and businesses in Nevada, I wanted to discuss the tax benefits of living here.
No Make-Up Taxes
If a state does not have a personal income tax, they tend to make up for it with another tax. For example, the state of Texas does not have a personal income tax, but property taxes are substantially higher than in other parts of the country. Nevada is the best of both worlds because there is no state income tax, there are really no hidden taxes, and our sales tax is not outrageous.
Where Does Nevada Get the Money?
Historically Nevada gets the needed tax revenue from the mining, casino, and construction industry. The state needs the money to fund emergency services and other state services, so in this state that is how they make up for not having an income tax.
What Does It Mean?
If you compare our taxes to our neighbor to the west, California, we have huge benefits. The first is the income tax benefit, because California has income taxes of up to 9.3% at the individual level. In addition, the utility cost, and other costs to run a business are substantially lower in Nevada. Because of the lower taxes, Nevada is known to be great place to relocate your business to.
Other Reasons to Move to Nevada
The other major benefits for moving to Nevada are related to energy efficiency. Nevada is a state that sees a lot of sun and wind. Because of the surplus of sun and wind, companies who are exploring alternative energy may choose to relocate to Nevada. We also are an attractive state to geo-thermal companies with the numerous hot springs we have. As an accountant, I think that Nevada has many benefits and if you are thinking about relocating your business, it might be the right place.
Why Do Some Businesses Not Move To Nevada?
Although I think there are some great financial benefits and energy benefits to moving to Nevada, there is one thing that restricts some companies-water. When I worked for a division of Dole, we considered moving our frozen fruit operation into the state of Nevada for all the reasons that I talked about before. We could save a lot and it looked like a good decision until we realized that water is not abundant in Nevada. The reason that we did not move to Nevada was that we required a large volume of water.
If you are considering moving your company to Nevada, you should contact an experienced accountant and discuss the benefits. You will also want to consider the cost to move your company. Sometimes the cost to move will be so large that the savings will never make up for it.
Reno CPA Tim Nelson has been helping individuals and businesses with their tax preparation and financial planning for years. Tim has a passion for numbers, so that you don't have to. Visit Tim Nelson's Website to download the FREE Business and Tax Preparation Organizer.
To see what else Tim is talking about, visit Tim's Blog
Article Source: http://EzineArticles.com/?expert=Timothy_W._Nelson
No Make-Up Taxes
If a state does not have a personal income tax, they tend to make up for it with another tax. For example, the state of Texas does not have a personal income tax, but property taxes are substantially higher than in other parts of the country. Nevada is the best of both worlds because there is no state income tax, there are really no hidden taxes, and our sales tax is not outrageous.
Where Does Nevada Get the Money?
Historically Nevada gets the needed tax revenue from the mining, casino, and construction industry. The state needs the money to fund emergency services and other state services, so in this state that is how they make up for not having an income tax.
What Does It Mean?
If you compare our taxes to our neighbor to the west, California, we have huge benefits. The first is the income tax benefit, because California has income taxes of up to 9.3% at the individual level. In addition, the utility cost, and other costs to run a business are substantially lower in Nevada. Because of the lower taxes, Nevada is known to be great place to relocate your business to.
Other Reasons to Move to Nevada
The other major benefits for moving to Nevada are related to energy efficiency. Nevada is a state that sees a lot of sun and wind. Because of the surplus of sun and wind, companies who are exploring alternative energy may choose to relocate to Nevada. We also are an attractive state to geo-thermal companies with the numerous hot springs we have. As an accountant, I think that Nevada has many benefits and if you are thinking about relocating your business, it might be the right place.
Why Do Some Businesses Not Move To Nevada?
Although I think there are some great financial benefits and energy benefits to moving to Nevada, there is one thing that restricts some companies-water. When I worked for a division of Dole, we considered moving our frozen fruit operation into the state of Nevada for all the reasons that I talked about before. We could save a lot and it looked like a good decision until we realized that water is not abundant in Nevada. The reason that we did not move to Nevada was that we required a large volume of water.
If you are considering moving your company to Nevada, you should contact an experienced accountant and discuss the benefits. You will also want to consider the cost to move your company. Sometimes the cost to move will be so large that the savings will never make up for it.
Reno CPA Tim Nelson has been helping individuals and businesses with their tax preparation and financial planning for years. Tim has a passion for numbers, so that you don't have to. Visit Tim Nelson's Website to download the FREE Business and Tax Preparation Organizer.
To see what else Tim is talking about, visit Tim's Blog
Article Source: http://EzineArticles.com/?expert=Timothy_W._Nelson
Housing Forecast For 2011
Although housing prices have essentially stabilized nationwide, it should not be assumed that housing prices will soon begin to rise again. In fact, the complete opposite is far more likely for at least another 12 to 18 months. And, there are a few compelling factors to bolster this claim.
First, foreclosures continue to litter the American landscape. These foreclosures, in effect, continue to force home prices down. As homeowners look to take advantage of the low current mortgage rates, widespread foreclosures are being used as comparables in the appraisal process, forcing a decline in home values even for homeowners looking to refinance who have not been directly impacted by foreclosure.
Next, the job market remains unstable. As unemployment remains at 9.6 percent, purchase and refinance activity has unquestionably taken a hit.
Finally, the lack of federally funded incentives similar to the recent homebuyer tax credits further depress median home values. It is unlikely home values will truly stabilize until the end of 2011, or possibly even the summer of 2012.
Mortgage analysts predict mortgage rates will remain relatively low through the first two quarters of 2011 before they are anticipated to gradually begin to ascend. Therefore, homeowners looking to refinance or prospective homebuyers looking to purchase should experience favorable conditions for the time being. How high will the rates rise? Well, analysts seem to be in agreement that rates will likely remain below 5 percent until at least mid-2011.
Homebuyers are expected to be lured back into the housing market due to the unprecedented combination of low mortgage rates, low home prices and gradually improving employment figures.
Attempting to gauge the housing market perfectly, however, is essentially a fruitless venture. While housing prices may continue to fall, mortgage rates could still suddenly rise, negating any lower purchase price. Getting into a bidding war in this market is not advisable either, as the market is virtually saturated with more and more homes.
To learn more about the mortgage options available to you, visit http://www.totalmortgage.com. To see all the latest mortgage and economic news, visit our blog at http://www.totalmortgage.com/blog.
Article Source: http://EzineArticles.com/?expert=Robert_Hyder
First, foreclosures continue to litter the American landscape. These foreclosures, in effect, continue to force home prices down. As homeowners look to take advantage of the low current mortgage rates, widespread foreclosures are being used as comparables in the appraisal process, forcing a decline in home values even for homeowners looking to refinance who have not been directly impacted by foreclosure.
Next, the job market remains unstable. As unemployment remains at 9.6 percent, purchase and refinance activity has unquestionably taken a hit.
Finally, the lack of federally funded incentives similar to the recent homebuyer tax credits further depress median home values. It is unlikely home values will truly stabilize until the end of 2011, or possibly even the summer of 2012.
Mortgage analysts predict mortgage rates will remain relatively low through the first two quarters of 2011 before they are anticipated to gradually begin to ascend. Therefore, homeowners looking to refinance or prospective homebuyers looking to purchase should experience favorable conditions for the time being. How high will the rates rise? Well, analysts seem to be in agreement that rates will likely remain below 5 percent until at least mid-2011.
Homebuyers are expected to be lured back into the housing market due to the unprecedented combination of low mortgage rates, low home prices and gradually improving employment figures.
Attempting to gauge the housing market perfectly, however, is essentially a fruitless venture. While housing prices may continue to fall, mortgage rates could still suddenly rise, negating any lower purchase price. Getting into a bidding war in this market is not advisable either, as the market is virtually saturated with more and more homes.
To learn more about the mortgage options available to you, visit http://www.totalmortgage.com. To see all the latest mortgage and economic news, visit our blog at http://www.totalmortgage.com/blog.
Article Source: http://EzineArticles.com/?expert=Robert_Hyder
Dealing With Debt Collectors - 5 Steps To Protect Yourself
When dealing with debt collectors, the stress and anxiety can make you forget a crucial fact: you have rights. There are a number of state and federal debt collection laws that exist to protect you, including the Fair Debt Collection Practices Act (FDCPA).
So when a creditor calls, don't panic. Instead, here's a simple 5-step process you can follow when dealing with debt collectors.
Step One
When the collection agency calls, ask them to send you a written notice of the debt. It's your legal right under the FDCPA. They then have five business days to send you the notice.
Step Two
Once you receive the debt notice, review it carefully. In particular, you should make sure that:
* You really do owe the debt. If you don't, you can dispute it.
* The amount is correct. Make sure that the creditors haven't added any extra illegal charges. If you believe the amount is incorrect, you can dispute it and/or contact an attorney.
* The debt is not too old. If the debt is too old, you can send the collection agency a cease contact letter. Note that certain debts, such as child support, tax debts, and student loans, aren't covered by this statute of limitations
Step Three
If you believe that you do not owe the debt or that it is too old, you can send the collection agency a cease contact letter. Send the letter through certified mail and keep a copy for your records - good records are important when dealing with debt collectors.
IMPORTANT! If you send a creditor a cease contact letter, the only way they can collect from you is to sue you. It's best to talk to an attorney before sending a cease contact letter, to be sure that you're protected.
Step Four
If you think you do owe the debt, but you can't afford to pay it, you do have options. A bankruptcy attorney can help you find out if your property is protected from collection agencies.
Step Five
If you owe the debt, but you can't pay it in full, try negotiating a settlement. Collection agencies will often accept a smaller lump sum rather than the full amount. Just be sure to get any agreement you come to in writing!
If you follow these five steps when dealing with debt collectors, you should end up in pretty good shape. Remember, the law is there to protect you!
If you're looking for an attorney, but can't afford to pay for one, you have a few options available to you.
* If the creditors acted illegally at any point, you may be able to sue them for damages. If you win, they may have to pay your legal fees. Because of this, some attorneys will take your case on a contingent fee basis - they don't get paid unless you win.
* The Collection Complaint Hotline offers a free and confidential consultation with attorneys who deal with debt collectors.
Dealing with debt collectors can be stressful, but this five step process will help set you on the right path.
Donald Coggan of accessible.org has helped disabled people deal with debt since 1998. Visit his site to learn more about dealing with debt collectors and receiving free legal advice.
Article Source: http://EzineArticles.com/?expert=Donald_Coggan
So when a creditor calls, don't panic. Instead, here's a simple 5-step process you can follow when dealing with debt collectors.
Step One
When the collection agency calls, ask them to send you a written notice of the debt. It's your legal right under the FDCPA. They then have five business days to send you the notice.
Step Two
Once you receive the debt notice, review it carefully. In particular, you should make sure that:
* You really do owe the debt. If you don't, you can dispute it.
* The amount is correct. Make sure that the creditors haven't added any extra illegal charges. If you believe the amount is incorrect, you can dispute it and/or contact an attorney.
* The debt is not too old. If the debt is too old, you can send the collection agency a cease contact letter. Note that certain debts, such as child support, tax debts, and student loans, aren't covered by this statute of limitations
Step Three
If you believe that you do not owe the debt or that it is too old, you can send the collection agency a cease contact letter. Send the letter through certified mail and keep a copy for your records - good records are important when dealing with debt collectors.
IMPORTANT! If you send a creditor a cease contact letter, the only way they can collect from you is to sue you. It's best to talk to an attorney before sending a cease contact letter, to be sure that you're protected.
Step Four
If you think you do owe the debt, but you can't afford to pay it, you do have options. A bankruptcy attorney can help you find out if your property is protected from collection agencies.
Step Five
If you owe the debt, but you can't pay it in full, try negotiating a settlement. Collection agencies will often accept a smaller lump sum rather than the full amount. Just be sure to get any agreement you come to in writing!
If you follow these five steps when dealing with debt collectors, you should end up in pretty good shape. Remember, the law is there to protect you!
If you're looking for an attorney, but can't afford to pay for one, you have a few options available to you.
* If the creditors acted illegally at any point, you may be able to sue them for damages. If you win, they may have to pay your legal fees. Because of this, some attorneys will take your case on a contingent fee basis - they don't get paid unless you win.
* The Collection Complaint Hotline offers a free and confidential consultation with attorneys who deal with debt collectors.
Dealing with debt collectors can be stressful, but this five step process will help set you on the right path.
Donald Coggan of accessible.org has helped disabled people deal with debt since 1998. Visit his site to learn more about dealing with debt collectors and receiving free legal advice.
Article Source: http://EzineArticles.com/?expert=Donald_Coggan
Keeping Away From Grants For Individuals Hoaxes
Looking and applying for grants for individuals was previously a difficult and tiresome course of action. The applications had been lengthy and frequently not easy to receive. Even worse, grants used to be nearly impossible to find. Unless you have been highly familiar with federal government loan programs, most likely, finding a grant applying for a grant meeting your specific needs appeared to be nearly impossible to search out.
Fortunately, that has changed in recent times. Instead of searching for grants in your local authority's buildings and departments, it's easy to search for grants for individuals via the web. Internet sites were developed for the sole purpose of providing valuable data regarding grants that the federal government gives out.
By visiting websites, it's not hard to see how basic it's to get a grant. The days are gone of preparing extensive paperwork and printed documentation, and also mailing the paperwork to the agency awarding the grant. Rather, applying for a grant is now carried out electronically by way of different internet websites, offering folks and companies the opportunity to flawlessly submit a grant application on the web.
Google will be your friend in terms of searching the web with the right keywords. Internet websites ranging from federal government to private corporations and private persons will then be shown to you within seconds. When employing the net for grants for individuals search, a good idea is that you take precaution. You might never be too careful due to the fact there are lots of hoax and scam websites waiting for you to enter their trap. Typically, they will charge you with a ridiculous fee to acquire the desired details you need. You don't have to pay a charge just to obtain data that's already made obtainable for you personally. You need to simply be patient.
To steer clear of such scams, try to look for the site's testimonials page. It is possible to determine if the site is indeed legitimate or not. People who are satisfied using the service are much more than happy to leave their own comments or review about the site.
But if you would like make certain about grants for individuals, it is better to visit your nearby authorities sector like the HUD or the Department of Housing and Urban Development. You can also check the nearby FEMA or the Federal Emergency Management Agency if you're a sufferer of a natural disaster. Other federal departments provide various grants.
Facilities for individual grants are immense, only if you pursue the right direction. Watch out for more information and assistance at Grants For Individuals.
Article Source: http://EzineArticles.com/?expert=Randy_Fortney
Fortunately, that has changed in recent times. Instead of searching for grants in your local authority's buildings and departments, it's easy to search for grants for individuals via the web. Internet sites were developed for the sole purpose of providing valuable data regarding grants that the federal government gives out.
By visiting websites, it's not hard to see how basic it's to get a grant. The days are gone of preparing extensive paperwork and printed documentation, and also mailing the paperwork to the agency awarding the grant. Rather, applying for a grant is now carried out electronically by way of different internet websites, offering folks and companies the opportunity to flawlessly submit a grant application on the web.
Google will be your friend in terms of searching the web with the right keywords. Internet websites ranging from federal government to private corporations and private persons will then be shown to you within seconds. When employing the net for grants for individuals search, a good idea is that you take precaution. You might never be too careful due to the fact there are lots of hoax and scam websites waiting for you to enter their trap. Typically, they will charge you with a ridiculous fee to acquire the desired details you need. You don't have to pay a charge just to obtain data that's already made obtainable for you personally. You need to simply be patient.
To steer clear of such scams, try to look for the site's testimonials page. It is possible to determine if the site is indeed legitimate or not. People who are satisfied using the service are much more than happy to leave their own comments or review about the site.
But if you would like make certain about grants for individuals, it is better to visit your nearby authorities sector like the HUD or the Department of Housing and Urban Development. You can also check the nearby FEMA or the Federal Emergency Management Agency if you're a sufferer of a natural disaster. Other federal departments provide various grants.
Facilities for individual grants are immense, only if you pursue the right direction. Watch out for more information and assistance at Grants For Individuals.
Article Source: http://EzineArticles.com/?expert=Randy_Fortney
Understanding Modest Enterprise Grants For Individuals
The United States government is giving away totally free funds by using federal grants for individuals. Whilst it's true that the federal government does indeed award $400 billion annually by way of its 26 federal entities, the statement of free dollars by way of the federal government doesn't specifically pinpoint the definition of a federal grant. Each day millions in no cost grant funds is given away to people today like everyone else and for a wide number of organization and private needs. It is additionally a fact that not all free of charge governing administration grant income is advertised.
Small business enterprise grants are a fun way to fulfill your goals of becoming a company owner. You'll find billions of dollars offered from the federal government and corporations in organization grants and loans. If you need to consider the grants for individuals accessible, where to start is the CFDA, the Catalog of Federal Domestic Assistance. There are lots of varieties of grants offered by the government and other institutions that include individual grants for personal necessities, starting new business, funding education and much more.
Business enterprise grant budget is $34 billion. The idea behind business enterprise grants for individuals is to promote the launch of little organizations. The government believes smaller organization helps to create jobs and boost nearby economies. Instead of taking out business loans, companies can apply for company grants and receive funding that does not require reimbursement. Businesses located in areas of poor economic standing have a high chance of success with this grant application. When applying for organization grants, new entrepreneurs can expect to be required to submit your business proposal that highlights the organization goals, mission, services and products, target market and more. A very smart organization strategy could be your ticket to successfully landing your organization government grant.
Tiny organization grants for individuals are closer than you believe. Several business enterprise grants will be geared towards minority business enterprise development or rural enterprise opportunity grants. So, excellent luck in your search and we hope you find the grants you need! Examine out your nearby governing administration and see when they are certainly offering little business grants for its residences.
Facilities for individual grants are immense, only if you pursue the right direction. Watch out for more information and assistance at Grants For Individuals.
Article Source: http://EzineArticles.com/?expert=Randy_Fortney
Small business enterprise grants are a fun way to fulfill your goals of becoming a company owner. You'll find billions of dollars offered from the federal government and corporations in organization grants and loans. If you need to consider the grants for individuals accessible, where to start is the CFDA, the Catalog of Federal Domestic Assistance. There are lots of varieties of grants offered by the government and other institutions that include individual grants for personal necessities, starting new business, funding education and much more.
Business enterprise grant budget is $34 billion. The idea behind business enterprise grants for individuals is to promote the launch of little organizations. The government believes smaller organization helps to create jobs and boost nearby economies. Instead of taking out business loans, companies can apply for company grants and receive funding that does not require reimbursement. Businesses located in areas of poor economic standing have a high chance of success with this grant application. When applying for organization grants, new entrepreneurs can expect to be required to submit your business proposal that highlights the organization goals, mission, services and products, target market and more. A very smart organization strategy could be your ticket to successfully landing your organization government grant.
Tiny organization grants for individuals are closer than you believe. Several business enterprise grants will be geared towards minority business enterprise development or rural enterprise opportunity grants. So, excellent luck in your search and we hope you find the grants you need! Examine out your nearby governing administration and see when they are certainly offering little business grants for its residences.
Facilities for individual grants are immense, only if you pursue the right direction. Watch out for more information and assistance at Grants For Individuals.
Article Source: http://EzineArticles.com/?expert=Randy_Fortney
Upfront Payment in Home Loans - Fixed or Negotiable
Upfront payments mean the amount other than the property value of the house. Applying for a home loan and selecting a best home loan deal does not involve knowledge of upfront payments. This is very important as this also comes to a substantial amount.
Loan can be got on a certain percentage of the total amount of the flat. There is no mention anywhere in media regarding the amount payable as upfront payments. This has to be discussed personally with the builder before going in for a home loan. There are various administrative fees, infrastructure costs, facilities and amenities that are offered at a special price and also rise in amount of house for every floor rise. Parking facilities under the stilt also require to be paid for separately sometimes. All these costs and also other administrative costs come to a substantial figure and one has to accept this without questioning as one has taken the decision of selecting a house and best home loan lending institution offer.
It is very important to note that these amounts are negotiable. It is not fixed as there are no rules for these amounts. Even the amount for area per square foot is negotiable. As also the rates for other amenities can be discussed and come to a decision of a comfortable amount. Offers for special categories are also available and one must enquire about such festive offers or professional loan offers at lower interest rates. Special amenities offered at extra costs can also be selected and payment fees negotiable.
Negotiations on upfront payments will reduce your initial payment load. Knowledge regarding home loans is essential in today's world of finances where on one end there is easy availability of home loans and simple procedure for procurement for the same where as at the other end false claims and misleading advertisements lead to sometimes having the purchaser ending up paying more!
Rizwana A. Mundewadi is a freelance Healing Artist and writer. Using her experience in the last decade she has been writing articles related to art, art investment, feng shui, symbolism, prosperity and good luck and has also added to this list her practical experiences with banking, loans and investments. Simplified facts about home loans can be found at http://homeloans-simplifiedfacts.blogspot.com without the technical jargon associated with this topic.
Article Source: http://EzineArticles.com/?expert=Rizwana_Mundewadi
Loan can be got on a certain percentage of the total amount of the flat. There is no mention anywhere in media regarding the amount payable as upfront payments. This has to be discussed personally with the builder before going in for a home loan. There are various administrative fees, infrastructure costs, facilities and amenities that are offered at a special price and also rise in amount of house for every floor rise. Parking facilities under the stilt also require to be paid for separately sometimes. All these costs and also other administrative costs come to a substantial figure and one has to accept this without questioning as one has taken the decision of selecting a house and best home loan lending institution offer.
It is very important to note that these amounts are negotiable. It is not fixed as there are no rules for these amounts. Even the amount for area per square foot is negotiable. As also the rates for other amenities can be discussed and come to a decision of a comfortable amount. Offers for special categories are also available and one must enquire about such festive offers or professional loan offers at lower interest rates. Special amenities offered at extra costs can also be selected and payment fees negotiable.
Negotiations on upfront payments will reduce your initial payment load. Knowledge regarding home loans is essential in today's world of finances where on one end there is easy availability of home loans and simple procedure for procurement for the same where as at the other end false claims and misleading advertisements lead to sometimes having the purchaser ending up paying more!
Rizwana A. Mundewadi is a freelance Healing Artist and writer. Using her experience in the last decade she has been writing articles related to art, art investment, feng shui, symbolism, prosperity and good luck and has also added to this list her practical experiences with banking, loans and investments. Simplified facts about home loans can be found at http://homeloans-simplifiedfacts.blogspot.com without the technical jargon associated with this topic.
Article Source: http://EzineArticles.com/?expert=Rizwana_Mundewadi
Home Loans and the Amount Available As Home Loan
Home loan is a term synonymous with a fulfilment of purchasing a dream home easily and quickly. Though nowadays it has become very easy to apply for a home loan with simple and easy procedures and many competitive financial institutions offering loans one has to consider their own choices and priorities while selection. Loans available for first and second homes are offered by many private lenders as well as government banks and financial institutions at attractive interest rates.
All the discussions prior to the selection of a home cater to the area, facilities and perks offered and the lifestyle amenities that come along with the home. We consider the rate per square foot in that particular area, a reputed builder and select a home. Now comes the tricky part when we go in for the application for a home loan. We come to realise that there are other costs and expenses for the procedures as also administrative fees which have to be borne by the buyer. There is a certain percentage of down payment which includes administrative costs, transfer agreement fees, parking and other facilities, gymnasium one time fees, garden maintenance fees and so on and so forth!
The loan amount calculations and EMI figures available online by different financial lenders is subjective and only for reference purposes and the actual amount only comes forward when one goes to do the final deal. Also every floor rise for apartment is added tot he value of the home and thus a flat on a higher floor is more than a first or ground floor flat. This amount may vary from 15% till even 40% increase in the total amount of the home. As also the home loan calculations and eligibility criteria are also subjective and may very from individual and financial institutions.
So it is important to be aware that easy home loan availability is a boon but one must also be prepared beforehand with a substantial amount and then proceed about going in for a home loan.
Rizwana A. Mundewadi is a freelance Healing Artist and writer. Using her experience in the last decade she has been writing articles related to art, art investment, feng shui, symbolism, prosperity and good luck and has also added to this list her practical experiences with banking, loans and investments. Simplified facts about home loans can be found at http://homeloans-simplifiedfacts.blogspot.com without the technical jargon associated with this topic.
Article Source: http://EzineArticles.com/?expert=Rizwana_Mundewadi
All the discussions prior to the selection of a home cater to the area, facilities and perks offered and the lifestyle amenities that come along with the home. We consider the rate per square foot in that particular area, a reputed builder and select a home. Now comes the tricky part when we go in for the application for a home loan. We come to realise that there are other costs and expenses for the procedures as also administrative fees which have to be borne by the buyer. There is a certain percentage of down payment which includes administrative costs, transfer agreement fees, parking and other facilities, gymnasium one time fees, garden maintenance fees and so on and so forth!
The loan amount calculations and EMI figures available online by different financial lenders is subjective and only for reference purposes and the actual amount only comes forward when one goes to do the final deal. Also every floor rise for apartment is added tot he value of the home and thus a flat on a higher floor is more than a first or ground floor flat. This amount may vary from 15% till even 40% increase in the total amount of the home. As also the home loan calculations and eligibility criteria are also subjective and may very from individual and financial institutions.
So it is important to be aware that easy home loan availability is a boon but one must also be prepared beforehand with a substantial amount and then proceed about going in for a home loan.
Rizwana A. Mundewadi is a freelance Healing Artist and writer. Using her experience in the last decade she has been writing articles related to art, art investment, feng shui, symbolism, prosperity and good luck and has also added to this list her practical experiences with banking, loans and investments. Simplified facts about home loans can be found at http://homeloans-simplifiedfacts.blogspot.com without the technical jargon associated with this topic.
Article Source: http://EzineArticles.com/?expert=Rizwana_Mundewadi
The Confident Millionaire by Kelvin Boston
The journey from financial fear to financial freedom is not an easy one. Many are not quite ready to be millionaires, and this concept has actually been tested. More than once a research group has handed an impoverished individual a large sum of money, and then watched as the individual squandered all of the money. Success isn't something that can simply be handed to someone, it is something that needs to be worked up to, and more than a few people have figured that out.
One of the biggest problems is fear. People tend to have a fear associated with financial success, and for most, this is all that really stands in the way. Luckily if you can identify this fear, you can push it aside and move on onward. That being the case, following the teachings of Kelvin Boston in The Confident Millionaire can really help you to get on the right track ad learn to build wealth with absolute confidence.
Not only will The Confident Millionaire provide you with the financial freedom you've been seeking, it will also give you the confidence you need to take the next step. In other words, you will be well on your way to achieving your dreams - the dreams you've fantasized about for your entire life! That's not to say that it is going to be an easy path of course, but it is to say that you are much more capable than you realize, and that capability can take you from zero to hero in a very short time period.
When you final master your fear of success you will be able to move on to seven steps that will take you from an impoverished or even middle class individual to someone with extreme wealth and a plan. That being said, here are a few of the greatest features in The Confident Millionaire by Kelvin Boston:
* Building wealth through home ownership
* Long-term investment strat3egies
* Seven Steps to financial success
* Credit management
These are four very important items that anyone can master, but without the confidence, they mean nothing. It's true that the average person can make their way to financial independence, but you need the confidence and the knowledge to move along quickly. You will need to make fast decisions, and most importantly, you will need to make sure that this is what you want.
Prepare to learn everything you could possibly need to know about financial independence from one of the leading experts in the industry. Soon enough you will learn that YOU are the only one that stands between you and the type of money you need to make. It's not every day that you're afforded an opportunity of this nature, and it's not every day that you can learn to tear down the obstacles that have been standing in your way. Are you ready to move on with your life? Are you ready to push through and become who you've always wanted to be? We hope so, because it's about to happen.
Please visit The Personal Development Company if you would like to learn more about The Confident Millionaire by Kelvin Boston
Article Source: http://EzineArticles.com/?expert=Ben_Sanderson
One of the biggest problems is fear. People tend to have a fear associated with financial success, and for most, this is all that really stands in the way. Luckily if you can identify this fear, you can push it aside and move on onward. That being the case, following the teachings of Kelvin Boston in The Confident Millionaire can really help you to get on the right track ad learn to build wealth with absolute confidence.
Not only will The Confident Millionaire provide you with the financial freedom you've been seeking, it will also give you the confidence you need to take the next step. In other words, you will be well on your way to achieving your dreams - the dreams you've fantasized about for your entire life! That's not to say that it is going to be an easy path of course, but it is to say that you are much more capable than you realize, and that capability can take you from zero to hero in a very short time period.
When you final master your fear of success you will be able to move on to seven steps that will take you from an impoverished or even middle class individual to someone with extreme wealth and a plan. That being said, here are a few of the greatest features in The Confident Millionaire by Kelvin Boston:
* Building wealth through home ownership
* Long-term investment strat3egies
* Seven Steps to financial success
* Credit management
These are four very important items that anyone can master, but without the confidence, they mean nothing. It's true that the average person can make their way to financial independence, but you need the confidence and the knowledge to move along quickly. You will need to make fast decisions, and most importantly, you will need to make sure that this is what you want.
Prepare to learn everything you could possibly need to know about financial independence from one of the leading experts in the industry. Soon enough you will learn that YOU are the only one that stands between you and the type of money you need to make. It's not every day that you're afforded an opportunity of this nature, and it's not every day that you can learn to tear down the obstacles that have been standing in your way. Are you ready to move on with your life? Are you ready to push through and become who you've always wanted to be? We hope so, because it's about to happen.
Please visit The Personal Development Company if you would like to learn more about The Confident Millionaire by Kelvin Boston
Article Source: http://EzineArticles.com/?expert=Ben_Sanderson
Wednesday, 22 December 2010
Teens, Credit Card Debt and the Truth
We've all seen the commercials for credit card companies: Well meaning parents give a credit card to a college student for "emergencies," and either while showing up for an impromptu visit or getting a
heart-stopping bill find out the card has been "maxed out."
While shopping, at church and eating in fast-food places I have heard children and teenagers ask, plead for and beg their parents for credit cards. "I'll only use it in an emergency!" yeah. Seldom have I heard a parent ask the interesting question: "Exactly what do you consider an 'emergency?'" The answer might come as a surprise.
A few years ago I did a survey of teens in my church, then sat down with their parents with the results. These folks were getting hit with the "I need a credit card" petition. Amazingly, the top answers were not: paying for a tow when the car breaks down, an emergency gas-tank fill up, missing the last bus and needing a taxi or anything an adult would choose. The top answers turned out to be: dinner at the mall perhaps including friends, clothes, food delivery for parties and other non-emergency items.
I wondered who these teens were. I thought I knew them, having watched them grow up from birth. Did some metamorphosis take place and turn them into different people? I thought they had sense.
Speaking with them and their parents, one theme presented itself: the perception of credit cards as opposed to reality. Small wonder. Media ads everywhere give the impression anything can be had by using plastic. And had now. No mention is made of the reality that shows up in a month: the bill. No matter, the payment is miniscule, just make that.
Using one parent's credit card bill, I pointed out the credit limit- a high figure- $1,500. Some of the teens cheered. But wait-there's more. Moving down the bill, the monthly payment was only $45 a month. Teens cheered. But wait-there's more. Continuing down the bill, I pointed out the principal (the amount actually applied to the whole balance due) being paid was a paltry $9.52 on a balance of $1,257.85. No one cheered.
Credit card companies are there to make money. Period. They are NOT going to help anyone pay the card off and get out of debt. They make the majority of their money on the interest payments (the majority of that
"minimum" payment) and on late fees. They have no incentive at all to helping anyone but themselves.
I finally had the teens attention. Up until that moment, the meeting had been treated like a joke. "I'll get a job and pay it off myself," "All I have to do is make the minimum payment, right? No problem." The question was asked: What do we do?
Until the United States Congress convinces credit card companies to raise the minimum payments to at least 10 percent of the balance and add interest to that amount, those swimming in credit card debt could drown. Instead of waiting, I offered the following advice:
Before using a credit card, look at the interest rate. For example, if a card has a 20 percent interest rate, add a zero to it. Two hundred percent is what you'll pay back by making the minimum payments only. That means for a $20 pair of jeans, not only paying back the $20, but nearly an additional $40 in interest. Or before each use of the card, sitting down on paper and using the math formula I=PRT. Interest= Principal multiplied by the Rate multiplied by Time. The formula comes very close to the same amount. No one seemed willing to pay $60 for a $20 pair of jeans.
I had credit card debt until I paid off my last card 2 years ago by taking the bill and adding a payment of 10 percent of the balance to the existing "minimum payment." I saw the balance start to drop dramatically. When I could afford more, I paid more. On the glorious day of zero balance, I cut the card into little pieces and sent it in with the last payment. I patted myself on the back, bragged to friends at work and was proud of myself.
Now that I had that monthly payment still in my budget, what to do? There are all kinds of offers for "pre-paid" credit cards. I suggest reading all the print, fine and otherwise. You give them your money,
then use the card to spend only the amount you've paid in. If you don't use the card, the amount builds up. Who gets the interest on that account? Not you. The credit card issuer gets that interest, along with any other fees for "managing" the account, processing the purchases, etc. That didn't sit well with me. The whole idea of paying off credit cards is to have more money, not give it to someone else.
I solved the problem easily by going to my credit union and opening a second checking account. This account has a debit card with a credit card logo on it. It can be used as a debit card or as a credit card. I simply make the payments to that account that I was making to a credit card company. And who gets the interest on the account? ME. I manage the account, track the purchases, everything.
The parents and teens both realized this solution is not only feasible, but easy to do. A teen can build financial responsibility by getting "that job" and depositing some or all of their money in the account. A college-bound student has the "allowance" their parents deposit. They can only spend what they have, no more. Emergency account? Save money in the savings account and both parties sit down and if necessary, write down what is a true emergency. I suggested parents may want to impose a penalty for misusing the "emergency savings."
I was asked about younger children. How do they not lose their heads in a "plastic world?" With a family of children I that I used to watch, I asked the parents if I could try an experiment in money management training after a trip to the store. I would give each child an allowance. Not cash, I gave store gift cards. Since the oldest child had more responsibility she would receive a higher allowance. The money would be loaded onto their cards, and the children would be given a 3x5 card with their balance on it. We agreed to several rules that would be followed by the children and adults, and put everything in writing, in case the children needed reminders. When everything was ironed out, the children were informed. They were elated. The oldest child was given a calculator to figure sales tax on items to help others realize if they had enough money for the entire purchase. They could not borrow from each other or adults for a purchase.
They had "plastic" almost like adults, but learned quickly that the card is not a spend-all, have-all. They could only spend what they had. Their parents did not allow the children to put their cards together
to buy one toy- avoiding the "who owns it" argument later.
While lay-away was available, they were introduced to payments, responsibility, and what happens if those payments were not made. Borrowing from the parents/other adults (only with the parents permission) meant making payments with a small (3 percent interest with consequences if payments weren't made). When Wal-Mart announced lay-away no longer available, I watched as the oldest child asked if she could have a second gift card to save money on when those "gotta-have-it-now" purchases are encountered. She was 10 years old. I was never prouder. No one had mentioned having two cards or a savings account until that day.
Now, each child has two cards, one marked "savings" and one marked "main." They also now can deposit money into their parent's savings account (Mom keeps excellent records) to have money to spend somewhere else. When these children are old enough for checking accounts they will be well-tuned to financial responsibility.
The oldest child is almost in college now (I feel old), has managed a checking account and debit card for almost a year, and is researching scholarships and student loans for college. She does now to read all the print in an application and to ask lots of questions. She's learned to look before she leaps. The rest of the children are learning from her, too.
While these methods may sound simplistic, they really do work. Perhaps the store gift cards will work in some families, in others it may not. Some use "money jars" stored in the parent's closet.
There are many different methods out there. The only true way to find out what works is to give different methods and honest try, say six months.
Whatever method or plan works for you or your family, stick with it. It takes effort.
Here's some incentive: A lot of the adults returning home to live with/off of their parents are doing so because of overwhelming financial irresponsibility. Teaching them to be responsible now will help help them in their future, and parents can have that "sewing room," "den," etc. of their own. And keep it.
heart-stopping bill find out the card has been "maxed out."
While shopping, at church and eating in fast-food places I have heard children and teenagers ask, plead for and beg their parents for credit cards. "I'll only use it in an emergency!" yeah. Seldom have I heard a parent ask the interesting question: "Exactly what do you consider an 'emergency?'" The answer might come as a surprise.
A few years ago I did a survey of teens in my church, then sat down with their parents with the results. These folks were getting hit with the "I need a credit card" petition. Amazingly, the top answers were not: paying for a tow when the car breaks down, an emergency gas-tank fill up, missing the last bus and needing a taxi or anything an adult would choose. The top answers turned out to be: dinner at the mall perhaps including friends, clothes, food delivery for parties and other non-emergency items.
I wondered who these teens were. I thought I knew them, having watched them grow up from birth. Did some metamorphosis take place and turn them into different people? I thought they had sense.
Speaking with them and their parents, one theme presented itself: the perception of credit cards as opposed to reality. Small wonder. Media ads everywhere give the impression anything can be had by using plastic. And had now. No mention is made of the reality that shows up in a month: the bill. No matter, the payment is miniscule, just make that.
Using one parent's credit card bill, I pointed out the credit limit- a high figure- $1,500. Some of the teens cheered. But wait-there's more. Moving down the bill, the monthly payment was only $45 a month. Teens cheered. But wait-there's more. Continuing down the bill, I pointed out the principal (the amount actually applied to the whole balance due) being paid was a paltry $9.52 on a balance of $1,257.85. No one cheered.
Credit card companies are there to make money. Period. They are NOT going to help anyone pay the card off and get out of debt. They make the majority of their money on the interest payments (the majority of that
"minimum" payment) and on late fees. They have no incentive at all to helping anyone but themselves.
I finally had the teens attention. Up until that moment, the meeting had been treated like a joke. "I'll get a job and pay it off myself," "All I have to do is make the minimum payment, right? No problem." The question was asked: What do we do?
Until the United States Congress convinces credit card companies to raise the minimum payments to at least 10 percent of the balance and add interest to that amount, those swimming in credit card debt could drown. Instead of waiting, I offered the following advice:
Before using a credit card, look at the interest rate. For example, if a card has a 20 percent interest rate, add a zero to it. Two hundred percent is what you'll pay back by making the minimum payments only. That means for a $20 pair of jeans, not only paying back the $20, but nearly an additional $40 in interest. Or before each use of the card, sitting down on paper and using the math formula I=PRT. Interest= Principal multiplied by the Rate multiplied by Time. The formula comes very close to the same amount. No one seemed willing to pay $60 for a $20 pair of jeans.
I had credit card debt until I paid off my last card 2 years ago by taking the bill and adding a payment of 10 percent of the balance to the existing "minimum payment." I saw the balance start to drop dramatically. When I could afford more, I paid more. On the glorious day of zero balance, I cut the card into little pieces and sent it in with the last payment. I patted myself on the back, bragged to friends at work and was proud of myself.
Now that I had that monthly payment still in my budget, what to do? There are all kinds of offers for "pre-paid" credit cards. I suggest reading all the print, fine and otherwise. You give them your money,
then use the card to spend only the amount you've paid in. If you don't use the card, the amount builds up. Who gets the interest on that account? Not you. The credit card issuer gets that interest, along with any other fees for "managing" the account, processing the purchases, etc. That didn't sit well with me. The whole idea of paying off credit cards is to have more money, not give it to someone else.
I solved the problem easily by going to my credit union and opening a second checking account. This account has a debit card with a credit card logo on it. It can be used as a debit card or as a credit card. I simply make the payments to that account that I was making to a credit card company. And who gets the interest on the account? ME. I manage the account, track the purchases, everything.
The parents and teens both realized this solution is not only feasible, but easy to do. A teen can build financial responsibility by getting "that job" and depositing some or all of their money in the account. A college-bound student has the "allowance" their parents deposit. They can only spend what they have, no more. Emergency account? Save money in the savings account and both parties sit down and if necessary, write down what is a true emergency. I suggested parents may want to impose a penalty for misusing the "emergency savings."
I was asked about younger children. How do they not lose their heads in a "plastic world?" With a family of children I that I used to watch, I asked the parents if I could try an experiment in money management training after a trip to the store. I would give each child an allowance. Not cash, I gave store gift cards. Since the oldest child had more responsibility she would receive a higher allowance. The money would be loaded onto their cards, and the children would be given a 3x5 card with their balance on it. We agreed to several rules that would be followed by the children and adults, and put everything in writing, in case the children needed reminders. When everything was ironed out, the children were informed. They were elated. The oldest child was given a calculator to figure sales tax on items to help others realize if they had enough money for the entire purchase. They could not borrow from each other or adults for a purchase.
They had "plastic" almost like adults, but learned quickly that the card is not a spend-all, have-all. They could only spend what they had. Their parents did not allow the children to put their cards together
to buy one toy- avoiding the "who owns it" argument later.
While lay-away was available, they were introduced to payments, responsibility, and what happens if those payments were not made. Borrowing from the parents/other adults (only with the parents permission) meant making payments with a small (3 percent interest with consequences if payments weren't made). When Wal-Mart announced lay-away no longer available, I watched as the oldest child asked if she could have a second gift card to save money on when those "gotta-have-it-now" purchases are encountered. She was 10 years old. I was never prouder. No one had mentioned having two cards or a savings account until that day.
Now, each child has two cards, one marked "savings" and one marked "main." They also now can deposit money into their parent's savings account (Mom keeps excellent records) to have money to spend somewhere else. When these children are old enough for checking accounts they will be well-tuned to financial responsibility.
The oldest child is almost in college now (I feel old), has managed a checking account and debit card for almost a year, and is researching scholarships and student loans for college. She does now to read all the print in an application and to ask lots of questions. She's learned to look before she leaps. The rest of the children are learning from her, too.
While these methods may sound simplistic, they really do work. Perhaps the store gift cards will work in some families, in others it may not. Some use "money jars" stored in the parent's closet.
There are many different methods out there. The only true way to find out what works is to give different methods and honest try, say six months.
Whatever method or plan works for you or your family, stick with it. It takes effort.
Here's some incentive: A lot of the adults returning home to live with/off of their parents are doing so because of overwhelming financial irresponsibility. Teaching them to be responsible now will help help them in their future, and parents can have that "sewing room," "den," etc. of their own. And keep it.
Credit Card Debt Advice
If you're looking for credit card debt advice, chances are you've accumulated higher balances on your cards than you know what to do with. If you're like many people,
you may be charging gas and groceries, because you just don't have enough money to make ends meet every month.
This is a bad situation to be in, but be assured that you're not alone. A lot of us have been there (a lot of people are still there), and there is hope. I used to be deep in debt myself, but I've managed to pay off those credit cards, and I don't carry a balance any more from month to month. I'm going to give you credit card debt advice based on my experience.
Ready? Here we go:
1. Get over the idea that you'll get anywhere paying the minimum payment.
The credit card companies specifically design things so they can stretch out your debt over years (and even decades) to keep you paying interest to them for as long as possible. Why wouldn't they? Why would they want to work when they can get tons of money for free just by letting you borrow theirs?
Many people in credit card debt think they can climb out by paying a little extra on each card every month. This is actually a bad approach. If you remember only one piece of credit card debt advice, remember the next one...
2. Pay off your highest interest credit card first.
If one card is at 9%, one is at 28%, and one is at 15%, you want to focus on the one that is at 28%. Put all your extra resources into paying off that card while you continue to pay the minimums on the other cards.
To many this seems counterproductive, but the highest rate card will grow the biggest the soonest, so it's important to get rid of that debt as soon as possible.
3. You can negotiate a better deal on many cards.
If you're feeling overwhelmed by those interest rates, call the credit card companies and request a better deal from the customer service representative. Just tell the rep you're getting better offers from other credit card companies and that you're thinking of switching. Most reps are authorized to lower rates instead of risking customers.
This advice won't just lower your interest rate so your balance doesn't increase so quickly, but it will also make your minimum payment lower each month.
4. Move your balances to cards with zero-rate introductory rates.
You may have heard this piece of credit card debt advice before, but did you act upon it?
If you can qualify for a new card with a low or zero introductory rate, don't hesitate to shift your existing balances over to that card. This can save you a lot of money in interest while you whittle away at your debt
Just be sure to read the fine print. Introductory rates are just that: rates you only pay for 6 or 9 months. The rates can hike right up to the old rates (or even higher) after that period, so you want to make sure to transfer your debt over to a new card with a new introductory rate once that happens.
Also watch out for any balance transfer fees, and make sure the low introductory rates count for the balance you transfer, not just new purchases.
5. As you pay off the highest interest cards, cancel them.
Remember the earlier advice to pay off your highest interest cards soonest? Once you have them paid off, cancel those suckers.
Replace them with debit cards, low-interest credit cards, or no-balance charge cards. It's a good idea to keep at least one credit card for emergencies, but you don't need a wallet full of them.
A good way to keep that one for emergencies is to make sure you leave it at home. Don't take it out where you can fall back into the habit of using it at the mall or anywhere you might make impulse purchases.
Hopefully this credit card debt advice has helped you. The important thing to realize with paying down your debt is that it probably will take years. That can be depressing, but never stop believing that you can do it. Stick with the plan and make it work!
you may be charging gas and groceries, because you just don't have enough money to make ends meet every month.
This is a bad situation to be in, but be assured that you're not alone. A lot of us have been there (a lot of people are still there), and there is hope. I used to be deep in debt myself, but I've managed to pay off those credit cards, and I don't carry a balance any more from month to month. I'm going to give you credit card debt advice based on my experience.
Ready? Here we go:
1. Get over the idea that you'll get anywhere paying the minimum payment.
The credit card companies specifically design things so they can stretch out your debt over years (and even decades) to keep you paying interest to them for as long as possible. Why wouldn't they? Why would they want to work when they can get tons of money for free just by letting you borrow theirs?
Many people in credit card debt think they can climb out by paying a little extra on each card every month. This is actually a bad approach. If you remember only one piece of credit card debt advice, remember the next one...
2. Pay off your highest interest credit card first.
If one card is at 9%, one is at 28%, and one is at 15%, you want to focus on the one that is at 28%. Put all your extra resources into paying off that card while you continue to pay the minimums on the other cards.
To many this seems counterproductive, but the highest rate card will grow the biggest the soonest, so it's important to get rid of that debt as soon as possible.
3. You can negotiate a better deal on many cards.
If you're feeling overwhelmed by those interest rates, call the credit card companies and request a better deal from the customer service representative. Just tell the rep you're getting better offers from other credit card companies and that you're thinking of switching. Most reps are authorized to lower rates instead of risking customers.
This advice won't just lower your interest rate so your balance doesn't increase so quickly, but it will also make your minimum payment lower each month.
4. Move your balances to cards with zero-rate introductory rates.
You may have heard this piece of credit card debt advice before, but did you act upon it?
If you can qualify for a new card with a low or zero introductory rate, don't hesitate to shift your existing balances over to that card. This can save you a lot of money in interest while you whittle away at your debt
Just be sure to read the fine print. Introductory rates are just that: rates you only pay for 6 or 9 months. The rates can hike right up to the old rates (or even higher) after that period, so you want to make sure to transfer your debt over to a new card with a new introductory rate once that happens.
Also watch out for any balance transfer fees, and make sure the low introductory rates count for the balance you transfer, not just new purchases.
5. As you pay off the highest interest cards, cancel them.
Remember the earlier advice to pay off your highest interest cards soonest? Once you have them paid off, cancel those suckers.
Replace them with debit cards, low-interest credit cards, or no-balance charge cards. It's a good idea to keep at least one credit card for emergencies, but you don't need a wallet full of them.
A good way to keep that one for emergencies is to make sure you leave it at home. Don't take it out where you can fall back into the habit of using it at the mall or anywhere you might make impulse purchases.
Hopefully this credit card debt advice has helped you. The important thing to realize with paying down your debt is that it probably will take years. That can be depressing, but never stop believing that you can do it. Stick with the plan and make it work!
Get Rid of Credit Card Debt
Credit card debt is no fun. If you are saddled by credit card debt, you are not alone. I read somewhere that the average family in America has credit card debt to the tune of $9,000.
Millions of people are in debt to credit card companies and struggle to make the minimum payments. Here are some tips that you can use to start erasing your credit card debt.
1) Pay more than the minimum payment. Always pay more than the minimum amount that you owe. If you can afford to do it, double or triple the minimum payment. This will help you get rid of credit card debt more quickly. See the credit card payment calculator at bankrate.com (http://www.bankrate.com/brm/calc/MinPayment.asp) to see how paying off more than the minimum payment will help get you out of debt faster.
2) If you have multiple credit cards, you might want to concentrate the bulk of the money you have available to paying one off at a time. The credit card you should focus on first is the one with the highest annual percentage rate. Pay this card off and then move on to the next highest one and so forth. This not only gets rid of the worst credit card debt (i.e. the one with the highest interest rate), but it gives you a sense of accomplishment and peace of mind, knowing that you have one less payment to worry about.
3) Something you might want to try to do is call your credit card company and speak to a customer service agent about getting your interest rate lowered. This would help lower the strain of your credit card debt. This is not something that is guaranteed to work, but it is worth a shot.
4) Try not to rack up your credit card bill. If you can avoid it, do not use your credit card at all, as this will just put you deeper into debt. Try to pay cash for what you need and eliminate the things that you want (even if only temporarily). The horrible thing about credit card debt is that it is so easy for your debt to increase.
5) Write down a list of expenses. It is very beneficial to know exactly where your money is going each month. Money seems to disappear before you even get your hands on it. Writing down a list of where your money
goes will get you thinking about certain areas where you can save money. You can change your money habits by taking the time to understand where it is going. When you look at your list (and you should include what you are paying in credit card debt), you will probably be motivated to do what you can to try to hold on to more of your money.
6) Transfer your debt from high interest rate cards to those with lower interest rates. It makes sense to do this if you can.
7) Pay down your credit card debt before you put money in a savings account. Your credit card interest rate is exponentially higher than what you gain from a savings account at a bank. Get rid of the credit card debt first, otherwise it will keep growing.
I know that those credit card bills look formidable, but it is possible to get out from under that oppressive burden. It will take some time and a little determination and planning, but it is possible. Good luck.
Millions of people are in debt to credit card companies and struggle to make the minimum payments. Here are some tips that you can use to start erasing your credit card debt.
1) Pay more than the minimum payment. Always pay more than the minimum amount that you owe. If you can afford to do it, double or triple the minimum payment. This will help you get rid of credit card debt more quickly. See the credit card payment calculator at bankrate.com (http://www.bankrate.com/brm/calc/MinPayment.asp) to see how paying off more than the minimum payment will help get you out of debt faster.
2) If you have multiple credit cards, you might want to concentrate the bulk of the money you have available to paying one off at a time. The credit card you should focus on first is the one with the highest annual percentage rate. Pay this card off and then move on to the next highest one and so forth. This not only gets rid of the worst credit card debt (i.e. the one with the highest interest rate), but it gives you a sense of accomplishment and peace of mind, knowing that you have one less payment to worry about.
3) Something you might want to try to do is call your credit card company and speak to a customer service agent about getting your interest rate lowered. This would help lower the strain of your credit card debt. This is not something that is guaranteed to work, but it is worth a shot.
4) Try not to rack up your credit card bill. If you can avoid it, do not use your credit card at all, as this will just put you deeper into debt. Try to pay cash for what you need and eliminate the things that you want (even if only temporarily). The horrible thing about credit card debt is that it is so easy for your debt to increase.
5) Write down a list of expenses. It is very beneficial to know exactly where your money is going each month. Money seems to disappear before you even get your hands on it. Writing down a list of where your money
goes will get you thinking about certain areas where you can save money. You can change your money habits by taking the time to understand where it is going. When you look at your list (and you should include what you are paying in credit card debt), you will probably be motivated to do what you can to try to hold on to more of your money.
6) Transfer your debt from high interest rate cards to those with lower interest rates. It makes sense to do this if you can.
7) Pay down your credit card debt before you put money in a savings account. Your credit card interest rate is exponentially higher than what you gain from a savings account at a bank. Get rid of the credit card debt first, otherwise it will keep growing.
I know that those credit card bills look formidable, but it is possible to get out from under that oppressive burden. It will take some time and a little determination and planning, but it is possible. Good luck.
Reasons to Pay Your Credit Card Bill in Full
Do you dread each month when you are looking at your credit card bill? You are like many Americans who are overwhelmed with credit card debt. However, it is vitally important to your finances to get this under control
as quickly as possible. I am going to list some reasons why it is important to pay your bill in full each month. If you are unable to pay the bill in full, you need to consider creating a strict budget and sticking to it, as well as consider obtaining a lower interest rate loan to pay your balances off, or even consider applying for a new card that allows interest free transfers for a certain period which will allow you to quickly pay the debt off.
Reason #1. Your credit rating. If you are only paying the minimum payment each month, you are setting yourself up for problems here. It is very important to keep your credit rating as high as possible so that your credit card balance does not provide a problem when you are looking to purchase a home or car. You want to make sure payments are paid off as quickly as possible.
Reason #2. Interest. Each month the balance is not paid in full, you are incurring interest charges. I liken this to going outside, making a nice little bonfire, and placing the money in your wallet in the fire one bill at a time. You are doing no better by carrying the balances on your bill. Interest rates are quite common to be around the 15%-20% range sometimes higher depending upon your credit score. This is a lot of wasted money each year that could be spent on things your family wants or needs.
Reason #3. This is similar to Reason #2. If you make a great purchase online for a wonderful item at a killer, price and you pay with your credit card you are not saving any money! If you save a couple of hundred bucks on the price of the item, but pay several hundred dollars in interest fees you are not saving any money, and are in fact paying more! Credit cards can hurt you in this respect.
Reason #4. Budgeting. If you are using your credit cards to pay your bills without paying off the balance every month then you have a budget problem somewhere. If you cannot afford to pay the balance each month then you
need some serious budget revisions. When you are having to use credit cards to merely make ends meet there are huge budget problems that can create devastating effects on your credit report. There are several consumer-financing companies that can assist you in reducing your monthly bills, as well as getting a workable budget set up so that you are able to pay your bills each month.
As you can see, credit cards can be either good or bad for your budget, finances, and credit file. You want your credit to be as spotless as possible, and dragging balances over months is never a good idea. Good luck with all your credit cards and you should be able to work out all budget issues quickly with some work.
as quickly as possible. I am going to list some reasons why it is important to pay your bill in full each month. If you are unable to pay the bill in full, you need to consider creating a strict budget and sticking to it, as well as consider obtaining a lower interest rate loan to pay your balances off, or even consider applying for a new card that allows interest free transfers for a certain period which will allow you to quickly pay the debt off.
Reason #1. Your credit rating. If you are only paying the minimum payment each month, you are setting yourself up for problems here. It is very important to keep your credit rating as high as possible so that your credit card balance does not provide a problem when you are looking to purchase a home or car. You want to make sure payments are paid off as quickly as possible.
Reason #2. Interest. Each month the balance is not paid in full, you are incurring interest charges. I liken this to going outside, making a nice little bonfire, and placing the money in your wallet in the fire one bill at a time. You are doing no better by carrying the balances on your bill. Interest rates are quite common to be around the 15%-20% range sometimes higher depending upon your credit score. This is a lot of wasted money each year that could be spent on things your family wants or needs.
Reason #3. This is similar to Reason #2. If you make a great purchase online for a wonderful item at a killer, price and you pay with your credit card you are not saving any money! If you save a couple of hundred bucks on the price of the item, but pay several hundred dollars in interest fees you are not saving any money, and are in fact paying more! Credit cards can hurt you in this respect.
Reason #4. Budgeting. If you are using your credit cards to pay your bills without paying off the balance every month then you have a budget problem somewhere. If you cannot afford to pay the balance each month then you
need some serious budget revisions. When you are having to use credit cards to merely make ends meet there are huge budget problems that can create devastating effects on your credit report. There are several consumer-financing companies that can assist you in reducing your monthly bills, as well as getting a workable budget set up so that you are able to pay your bills each month.
As you can see, credit cards can be either good or bad for your budget, finances, and credit file. You want your credit to be as spotless as possible, and dragging balances over months is never a good idea. Good luck with all your credit cards and you should be able to work out all budget issues quickly with some work.
Advantages: Automatically Pay Bills/ Donations with a Credit Card
Paying your bills with a credit has many advantages, compared to paying each bill individually, which can cost more money, and provides no rewards. Many utility services provide consumers the option, having their
monthly bills, directly charged each month to a credit card, includes electricity, water, and telephone companies or referred as Automatic Bill Payment. Also, many cable and satellite services, newspapers, and insurance company premiums (car and home insurance), offer the option for payment by credit card through an automatic service or providing the credit card number each billing cycle, by phone, internet or enclosed in the mail. When applying for Automatic Bill Payment, you should continue to pay your bills directly, until you are notified the service has been established. Certainly, companies that accept credit payments are happy, knowing that the credit card company is reliable to send them payment each month, rather than waiting until a customer pays a bill or pays the bill late. Contrarily, automatically having bills charged to a credit card, eliminates possibility forgetting to pay a utility bill or some other monthly charge, since the credit card company, pays that bill each month or like having your own accountant, except your only responsible for paying the credit card bill. These companies that have Automatic Bill Payment policy, do not have to consider any legal action, against customers that don't pay their bills, since nonpayment is the concern of the credit card company. However, at some point in time, the credit card company will notify the customer's utility service or other business entity, discontinue service and stop charging the credit card, for noncompliance of payment. However, credit card companies provide line of credit, not offered by utility or other type of monthly services. This can be utilized cautiously for a duration of time, when paying a minimum monthly amount to a credit card company, and preferably sooner than later, pay the entire balance.
A credit card user may add an additional amount to a credit card payment, which is credited for a future payment. This can be helpful, when going away on vacation or long trips, and next month(s) bills have sufficient
reserve funds to be paid, by the credit card company. Since, utility or other basic services are billed each month. Also, a good method to have sufficient reserved money held in a credit card account, if you are tempted to spend that money, before the next credit card bill arrives. However, any money credited, does not earn any interest. This approach can be helpful, if you have a college student that has credit card, and uses it responsible. Advance payment to a credit card, ensures the student's bill will be paid following month or longer, if you can calculate approximately next month's charges. Also, if you are away from home for a long period of time or have a busy schedule, which may cause you to forget to pay a future credit card payment.
Consumers that use a credit card to pay monthly, quarterly or annual bill charges increase the number of advantage reward points or earn rewards faster during the year. Also, paying with a credit card instead of cash increases reward points or benefits. Limit the number of credit cards utilized two - four cards - this will quickly increase rewards points, than having many credit cards paying bills. Certainly, advantageous signing-up with a credit company that offers some type of rewards points, "cash back" program, frequent flyer mileage, and/or rebate program, whenever a charge is applied, and paying no annual fee. Sometimes, paying an annual fee for a credit card, will entitle the credit card user availability of more services, and better selection of gifts for the exchange of reward points. Credit card companies that offer "cash back' rewards, make it possible for consumers to receive money back, from a credit card company, and in some situations, the amount can be significant. For example: A credit card company may offer the user, one percent "cash back," for each dollar charged on a credit card. If the monthly expenditures on the credit card total $2,000, than the credit card user would receive $20 "cash back." If that amount averages $2000, each month or more, by the end of the year, the total "cash back" would be at least $240. Other reward programs, such as American Express, offer advantage reward points for each dollar charged on a credit, after payment is received, and often will include additional free bonus points for certain charges. Sometimes, during the year, credit card companies including American Express, will offer double point rewards, for certain type of charges, including purchasing groceries, gasoline and insurance payment. By the end of the year, reward points could add up significantly, especially for large purchases or travel charges. Also, before the Holiday Season, reward points can be exchange for various gifts, and saving money, rather than to pay for these gifts. Besides, exchanging reward points for gifts will save money, on sales tax, usually no delivery charge, and whenever getting a gift for yourself. Also, paying each bill individually, adds to the cost of postage, and sometimes the cost of an envelope, which can be reduced to one stamp per credit card service, and a return envelope is provided. Reward points earned by a credit card does not expire, compare to frequent flyer mileage points, and other reward service providers, often have an expiring date.
Making charitable donations with a credit card has many advantages, than just claiming a deduction on your income tax return. When the charge is applied to your credit card, payment is not required immediately, until the credit card bill arrives in the mail. Some people will charge a credit card for a charitable donation, and will be expecting to receive amount of money, in the near future (within a few days), that will pay all or part of the credit card charge. Also, any amount charged on a credit card, user will receive after payment, reward points, "cash back" amount or benefits, offered by the credit card company. Most charitable organizations, accept credit card donations, since payment is send to them, from the credit card company, after verification, and processing the transaction. Many charitable organizations offer the option to debit a user credit card, for a specific amount each month. Certainly, this process is convenient, and accounting each month for a deduction.
When a monthly bills, arrive in the mail, which have been automatically charged to a credit card, those amounts should be written down, and then later, compared to the amounts charged on the corresponding credit card. This will ensure the accuracy and inconsistencies can be rectified, by contacting the credit card company, and/or charged service company or business, as soon as possible. Credit card companies usually have twenty-four telephone service, most problems can be resolved anytime, day or night. Also, many offer a website address, where customers can send E-mails to have questions answered. Sometimes for various reasons, necessary to notify the service or business that automatically charges your credit card, by providing new credit card number (and/or a new credit card service). Often, getting a new credit card number is necessary, when a credit card is fraudulently used, stolen or misplaced.
Many credit card companies provide annual statements, relating to previous year transactions. This information is useful, locating tax deductions, when preparing an income tax return.Some credit card companies, may offer this service for an additional charge or upgrade of a credit card service, while other credit card companies, don't provide this service. American Express and maybe other credit card companies will subdivide the year's paid expenses into various categories (including restaurants, entertainment, travel, etc.), which is helpful finding acceptable tax deductions including donations.
Certainly, when a credit card bill is not paid on time, additional charges will be added, and the credit rating of the user will be affected negatively. The convince of paying monthly bills by a credit card, prior there should be sufficient money collected, earned each month or during the year, which is put aside, for each monthly bill that is prepaid. Certainly, tempting to spend the money in the bank account for other expenses, instead of using the funds to pay the monthly credit card bill, should be avoided. When financially manageable, having the ability to spend the money set a side for a credit card bill, if the amount is replaced, in short amount of time or within days, before the credit card bill arrives in the mail. Actually, when money is set aside for credit card bills, that money will earn more interest in a financial institution or bank account. This happens often, considering the credit card bill does not have to be paid immediately, for at least a few days or a week later, until the amount is due. Also, after a bill arrives in the mail, which has been prepaid, usually at least a few days or more, the credit card bill will then arrive. Once the credit card bill company receives payment by mail and the check clears the customer bank account, and approximately 30 days have elapsed, since first receiving a prepaid bill(s).
Credit card service companies provide access to cash (a line of credit) or ability to write checks, but the interest and fees are very high, since the amount being borrowed, has not been back - up by a collateral asset or considered unsecured debt. This type borrowing should be considered only for emergencies or extremely short duration of time. Certainly, beneficial borrowing money from a bank or lending institution, since the interest is lower (assuming there is collateral or equity to secure the loan), and the interest is tax deductible, for certain types of loans, including home equity loans.
monthly bills, directly charged each month to a credit card, includes electricity, water, and telephone companies or referred as Automatic Bill Payment. Also, many cable and satellite services, newspapers, and insurance company premiums (car and home insurance), offer the option for payment by credit card through an automatic service or providing the credit card number each billing cycle, by phone, internet or enclosed in the mail. When applying for Automatic Bill Payment, you should continue to pay your bills directly, until you are notified the service has been established. Certainly, companies that accept credit payments are happy, knowing that the credit card company is reliable to send them payment each month, rather than waiting until a customer pays a bill or pays the bill late. Contrarily, automatically having bills charged to a credit card, eliminates possibility forgetting to pay a utility bill or some other monthly charge, since the credit card company, pays that bill each month or like having your own accountant, except your only responsible for paying the credit card bill. These companies that have Automatic Bill Payment policy, do not have to consider any legal action, against customers that don't pay their bills, since nonpayment is the concern of the credit card company. However, at some point in time, the credit card company will notify the customer's utility service or other business entity, discontinue service and stop charging the credit card, for noncompliance of payment. However, credit card companies provide line of credit, not offered by utility or other type of monthly services. This can be utilized cautiously for a duration of time, when paying a minimum monthly amount to a credit card company, and preferably sooner than later, pay the entire balance.
A credit card user may add an additional amount to a credit card payment, which is credited for a future payment. This can be helpful, when going away on vacation or long trips, and next month(s) bills have sufficient
reserve funds to be paid, by the credit card company. Since, utility or other basic services are billed each month. Also, a good method to have sufficient reserved money held in a credit card account, if you are tempted to spend that money, before the next credit card bill arrives. However, any money credited, does not earn any interest. This approach can be helpful, if you have a college student that has credit card, and uses it responsible. Advance payment to a credit card, ensures the student's bill will be paid following month or longer, if you can calculate approximately next month's charges. Also, if you are away from home for a long period of time or have a busy schedule, which may cause you to forget to pay a future credit card payment.
Consumers that use a credit card to pay monthly, quarterly or annual bill charges increase the number of advantage reward points or earn rewards faster during the year. Also, paying with a credit card instead of cash increases reward points or benefits. Limit the number of credit cards utilized two - four cards - this will quickly increase rewards points, than having many credit cards paying bills. Certainly, advantageous signing-up with a credit company that offers some type of rewards points, "cash back" program, frequent flyer mileage, and/or rebate program, whenever a charge is applied, and paying no annual fee. Sometimes, paying an annual fee for a credit card, will entitle the credit card user availability of more services, and better selection of gifts for the exchange of reward points. Credit card companies that offer "cash back' rewards, make it possible for consumers to receive money back, from a credit card company, and in some situations, the amount can be significant. For example: A credit card company may offer the user, one percent "cash back," for each dollar charged on a credit card. If the monthly expenditures on the credit card total $2,000, than the credit card user would receive $20 "cash back." If that amount averages $2000, each month or more, by the end of the year, the total "cash back" would be at least $240. Other reward programs, such as American Express, offer advantage reward points for each dollar charged on a credit, after payment is received, and often will include additional free bonus points for certain charges. Sometimes, during the year, credit card companies including American Express, will offer double point rewards, for certain type of charges, including purchasing groceries, gasoline and insurance payment. By the end of the year, reward points could add up significantly, especially for large purchases or travel charges. Also, before the Holiday Season, reward points can be exchange for various gifts, and saving money, rather than to pay for these gifts. Besides, exchanging reward points for gifts will save money, on sales tax, usually no delivery charge, and whenever getting a gift for yourself. Also, paying each bill individually, adds to the cost of postage, and sometimes the cost of an envelope, which can be reduced to one stamp per credit card service, and a return envelope is provided. Reward points earned by a credit card does not expire, compare to frequent flyer mileage points, and other reward service providers, often have an expiring date.
Making charitable donations with a credit card has many advantages, than just claiming a deduction on your income tax return. When the charge is applied to your credit card, payment is not required immediately, until the credit card bill arrives in the mail. Some people will charge a credit card for a charitable donation, and will be expecting to receive amount of money, in the near future (within a few days), that will pay all or part of the credit card charge. Also, any amount charged on a credit card, user will receive after payment, reward points, "cash back" amount or benefits, offered by the credit card company. Most charitable organizations, accept credit card donations, since payment is send to them, from the credit card company, after verification, and processing the transaction. Many charitable organizations offer the option to debit a user credit card, for a specific amount each month. Certainly, this process is convenient, and accounting each month for a deduction.
When a monthly bills, arrive in the mail, which have been automatically charged to a credit card, those amounts should be written down, and then later, compared to the amounts charged on the corresponding credit card. This will ensure the accuracy and inconsistencies can be rectified, by contacting the credit card company, and/or charged service company or business, as soon as possible. Credit card companies usually have twenty-four telephone service, most problems can be resolved anytime, day or night. Also, many offer a website address, where customers can send E-mails to have questions answered. Sometimes for various reasons, necessary to notify the service or business that automatically charges your credit card, by providing new credit card number (and/or a new credit card service). Often, getting a new credit card number is necessary, when a credit card is fraudulently used, stolen or misplaced.
Many credit card companies provide annual statements, relating to previous year transactions. This information is useful, locating tax deductions, when preparing an income tax return.Some credit card companies, may offer this service for an additional charge or upgrade of a credit card service, while other credit card companies, don't provide this service. American Express and maybe other credit card companies will subdivide the year's paid expenses into various categories (including restaurants, entertainment, travel, etc.), which is helpful finding acceptable tax deductions including donations.
Certainly, when a credit card bill is not paid on time, additional charges will be added, and the credit rating of the user will be affected negatively. The convince of paying monthly bills by a credit card, prior there should be sufficient money collected, earned each month or during the year, which is put aside, for each monthly bill that is prepaid. Certainly, tempting to spend the money in the bank account for other expenses, instead of using the funds to pay the monthly credit card bill, should be avoided. When financially manageable, having the ability to spend the money set a side for a credit card bill, if the amount is replaced, in short amount of time or within days, before the credit card bill arrives in the mail. Actually, when money is set aside for credit card bills, that money will earn more interest in a financial institution or bank account. This happens often, considering the credit card bill does not have to be paid immediately, for at least a few days or a week later, until the amount is due. Also, after a bill arrives in the mail, which has been prepaid, usually at least a few days or more, the credit card bill will then arrive. Once the credit card bill company receives payment by mail and the check clears the customer bank account, and approximately 30 days have elapsed, since first receiving a prepaid bill(s).
Credit card service companies provide access to cash (a line of credit) or ability to write checks, but the interest and fees are very high, since the amount being borrowed, has not been back - up by a collateral asset or considered unsecured debt. This type borrowing should be considered only for emergencies or extremely short duration of time. Certainly, beneficial borrowing money from a bank or lending institution, since the interest is lower (assuming there is collateral or equity to secure the loan), and the interest is tax deductible, for certain types of loans, including home equity loans.
Tips for Staying Healthy in a Bad Economy
I am sure you have had to hear some elder in your own family tell you, "Eat your vegetables, they will make you grow up strong and healthy!" As luck would have it, they were right. A true key to staying
healthy, is a proper diet, exercise, and cleanliness. Before the white man came to America, the Possum was the closest thing to "Junk Food" the Indians had, to compare to. With things like Chocolate, sugar, and tobacco, (to list a few,) being introduced into the western world, came rotten teeth, obesity, and lung cancer.
Now, it's not the products, so much, as it is the person's fault, who is using them. Addiction, abuse, and good old gluttony, is the true beast here in the western world. Knowing what it is your putting into your body, is as important to your health, as how much your putting into your body. Some things we eat can do more damage if abused, than other things do, such as, salt or sugar. I do not know any one who would drink one cup of salt in one day, but we do not find any trouble drinking one full cup of sugar in our tea, in just one day. Sad fact is, both are harmful, if used to much.
As the economy gets worse, people began to look for ways to cut back on spending, doing so, our health usually takes a back seat, to our power bill. The average middle class family goes out to eat once or twice a week, 90% of the food they eat will be fried, contain large amounts of: salt, sugar, fat, artificial colors, sodium citrate, lactic acid, sorbic acid, modified food starch, xanthan gum, calcium disodium edta, sodium benzoate, along with a huge list of other chemicals not found in a vine ripened Tomato, fresh picked apple, or even in a glass of water. (Not many of you reading this, can boast that you drink 3 glasses of water a day, now can you?)
So from this one writers opinion, and from the 40+ years of practices, I would suggest to you the reader, web surfer, and fellow American, family and friends, in this troubled economy staying healthy is to your best
benefit, doing so means eating right, and cutting back on the other things you may consider more important. Use less electric, gas, and "Night out on the town" in a month instead, then you can save more money, you know, for your grocery bill!
Investing in your health, instead of the hot rod in the garage, will save you thousands, upon thousands in medical bills. In turn, having better health, leads to a longer happier life. Any public library will have a book on "The Proper Diet" for all ethnics and ages. As I am sure, the Sergeant general would agree, eating healthy, and keeping clean, has been known to lead to sever longevity and happier life, in laboratory studies.
For the most part, store have category like any good book. On isle 12, is bread, flower, sugar, or what not, and on isle 8 you'll find coffee, tea, and spices. The true differences are not the product, but rather the prices. One store may impose a 300% markup, while another only imposes 125%, where as, the one who supplies the store is charging a lot less, for the same thing, but without the chemicals to preserve it.
As I see it, If the stores charged a 5% to 7% markup (instead of the 150% to 300%,) they would not be able to keep the shelves loaded fast enough, (resulting in no need for preservative in the first place,) but that is just my own opinion.
Farming and ranching should never exceed it's available size. Doing so causes product to expire before it can be delivered to it's destination. The proper thing would be to make another (farm, or ranch) closer to the intended destination, eliminating the need to extend the shelf life of editable foods.
So shop your local markets who buy from there local markets, check the sales list, fliers, and paper, for bargain deals, coupons, and special days, for lower prices on the things you need. Try your local "Farmers Market" for your produce, look in your area for a meat production facility, like for example; "Copeland's Central Packing Company" (USDA Inspected!) on Sheppard access, in Wichita Falls, Texas. (close to my home,) where your hamburger meat wont get a "Dye" (FD&C red #11, 7, and 19.) or saturated in salt water, such as is done to chicken. To me, the beauty of a steak, is when it's taken off the grill, and not before it's put there, that truly matters the most.
Shopping SMART, is better for the "Human Body" and provides better health, which prevents medical cost, reducing insurance cost, and saves money in your wallet over the greater picture of time. It should be
logical to assume that "eating" the same as you "shop" would have the same (or better,) end results. One very smart thing you can form into a habit, is get your local "Sunday's Paper" from a news stand, and browse the prices in the store's advertisements. It will save you loads of time, and gallons of gas in the years to come. (Also gets your eye's off this screen at least once a week.)
Even if you do not cut, clip, coupons, (Which really does help save you a lot of money!) the price is posted, and there are usually more than one store's flyer's, coupons, and sales ads in them with there price on it. Walmart, Walgreen's, and Target, all three pay for Sunday's Advertisement in the same newspaper. (Example; Dallas Times, San Fransisco Times, etc.) all three have an AD for the same exact bottle of Bufferin Aspirin. All three advertise a slightly different price. Going by the lowest price, offered at the closest store, with the most items your looking for, is where you want to go.
There are many things you can do to save money in a hard economic environment, from using less, to saving more. Price checking, coupon clipping, and picky choosing, just to scratch the surface. Everyone has the ability to learn, and can do what they put there mind to doing, the human race is the only species on this planet that creates what they can imagine in there thoughts. No one is limited to anything less than there own imagination. So on this next "Shopping Day" try some of these Idea's, get out and meet some new people, think of other Idea's to try, ask around, do some serious communications with your local community, and read your local paper! (There ONLINE as well!)
healthy, is a proper diet, exercise, and cleanliness. Before the white man came to America, the Possum was the closest thing to "Junk Food" the Indians had, to compare to. With things like Chocolate, sugar, and tobacco, (to list a few,) being introduced into the western world, came rotten teeth, obesity, and lung cancer.
Now, it's not the products, so much, as it is the person's fault, who is using them. Addiction, abuse, and good old gluttony, is the true beast here in the western world. Knowing what it is your putting into your body, is as important to your health, as how much your putting into your body. Some things we eat can do more damage if abused, than other things do, such as, salt or sugar. I do not know any one who would drink one cup of salt in one day, but we do not find any trouble drinking one full cup of sugar in our tea, in just one day. Sad fact is, both are harmful, if used to much.
As the economy gets worse, people began to look for ways to cut back on spending, doing so, our health usually takes a back seat, to our power bill. The average middle class family goes out to eat once or twice a week, 90% of the food they eat will be fried, contain large amounts of: salt, sugar, fat, artificial colors, sodium citrate, lactic acid, sorbic acid, modified food starch, xanthan gum, calcium disodium edta, sodium benzoate, along with a huge list of other chemicals not found in a vine ripened Tomato, fresh picked apple, or even in a glass of water. (Not many of you reading this, can boast that you drink 3 glasses of water a day, now can you?)
So from this one writers opinion, and from the 40+ years of practices, I would suggest to you the reader, web surfer, and fellow American, family and friends, in this troubled economy staying healthy is to your best
benefit, doing so means eating right, and cutting back on the other things you may consider more important. Use less electric, gas, and "Night out on the town" in a month instead, then you can save more money, you know, for your grocery bill!
Investing in your health, instead of the hot rod in the garage, will save you thousands, upon thousands in medical bills. In turn, having better health, leads to a longer happier life. Any public library will have a book on "The Proper Diet" for all ethnics and ages. As I am sure, the Sergeant general would agree, eating healthy, and keeping clean, has been known to lead to sever longevity and happier life, in laboratory studies.
For the most part, store have category like any good book. On isle 12, is bread, flower, sugar, or what not, and on isle 8 you'll find coffee, tea, and spices. The true differences are not the product, but rather the prices. One store may impose a 300% markup, while another only imposes 125%, where as, the one who supplies the store is charging a lot less, for the same thing, but without the chemicals to preserve it.
As I see it, If the stores charged a 5% to 7% markup (instead of the 150% to 300%,) they would not be able to keep the shelves loaded fast enough, (resulting in no need for preservative in the first place,) but that is just my own opinion.
Farming and ranching should never exceed it's available size. Doing so causes product to expire before it can be delivered to it's destination. The proper thing would be to make another (farm, or ranch) closer to the intended destination, eliminating the need to extend the shelf life of editable foods.
So shop your local markets who buy from there local markets, check the sales list, fliers, and paper, for bargain deals, coupons, and special days, for lower prices on the things you need. Try your local "Farmers Market" for your produce, look in your area for a meat production facility, like for example; "Copeland's Central Packing Company" (USDA Inspected!) on Sheppard access, in Wichita Falls, Texas. (close to my home,) where your hamburger meat wont get a "Dye" (FD&C red #11, 7, and 19.) or saturated in salt water, such as is done to chicken. To me, the beauty of a steak, is when it's taken off the grill, and not before it's put there, that truly matters the most.
Shopping SMART, is better for the "Human Body" and provides better health, which prevents medical cost, reducing insurance cost, and saves money in your wallet over the greater picture of time. It should be
logical to assume that "eating" the same as you "shop" would have the same (or better,) end results. One very smart thing you can form into a habit, is get your local "Sunday's Paper" from a news stand, and browse the prices in the store's advertisements. It will save you loads of time, and gallons of gas in the years to come. (Also gets your eye's off this screen at least once a week.)
Even if you do not cut, clip, coupons, (Which really does help save you a lot of money!) the price is posted, and there are usually more than one store's flyer's, coupons, and sales ads in them with there price on it. Walmart, Walgreen's, and Target, all three pay for Sunday's Advertisement in the same newspaper. (Example; Dallas Times, San Fransisco Times, etc.) all three have an AD for the same exact bottle of Bufferin Aspirin. All three advertise a slightly different price. Going by the lowest price, offered at the closest store, with the most items your looking for, is where you want to go.
There are many things you can do to save money in a hard economic environment, from using less, to saving more. Price checking, coupon clipping, and picky choosing, just to scratch the surface. Everyone has the ability to learn, and can do what they put there mind to doing, the human race is the only species on this planet that creates what they can imagine in there thoughts. No one is limited to anything less than there own imagination. So on this next "Shopping Day" try some of these Idea's, get out and meet some new people, think of other Idea's to try, ask around, do some serious communications with your local community, and read your local paper! (There ONLINE as well!)
6 Tips for Spending Less and Saving More
One of the biggest problems when it comes to financial success is holding on to the money you have. They don't know how to manage their spending habits. With the right habits you will go along way towards paying the
bills and being able to afford the things you want as well. At first it will seem difficult to limit your spending habits but overtime you'll be able to break bad habits and develop new ones.
Credit Cards
Credit cards can be very useful at times but are also often the cause of overspending. It's best to try and avoid using them and pay cash whenever possible. This will help you avoid making a purchase unless you actually have the money available. If you must use a credit card be prepared to pay the balance off monthly. This will save a lot of money because you'll be avoiding interest charges. Transfer and already existing card balance to a card with a lower interest rate, and try to find a card that doesn't charge an annual fee.
Phones
Some people will spend hundreds of dollars a month on phone charges alone. Limit your phone use to off peak hours. Check with your provider and find out when you have cheaper or unlimited calls.
Coupons
Check the sales page in you Sunday paper. Don't throw away coupons. Saving a few cents here and there may not seem like much, but once again you'd be surprised how much this can add up to be overtime. Many stores will double or triple the amount of the coupon. This technique can save you up to 20 or 30 dollars every time you go to the grocery store.
Pay Yourself First
When configuring your budget, plan for your savings first. You will grow wealthier every month if you set aside money for yourself first. Decide on a set amount that you will pay yourself. It doesn't have to be much. 5 to 10 percent of every paycheck will do. Then, deposit the amount into a savings account before paying any bills.
Do this at the beginning of the month. If you wait until the end of the month, you'll probably end up over spending and you won't have any left to save. Paying yourself first will give you an organized way to make your money grow.
Penny Pincher
If you really want to save be as cheap as possible. Don't feel embarrassed to pick up pennies off the street. Put all the spare change you accumulate in a can or jar. After a period of time count it and roll it up.
You may find that you have an extra 30 or 40 bucks just in spare change.
Get all you can out of any product you purchase. Turn bottles upside down and drain them to get every last bit out of it.
Don't buy name brand items just because you think they're better. For the most part they're really no different and you can save a fortune.
Try and use everyday household items as replacements. Try using ammonia instead of fancy floor cleaners. If your furniture needs some polishing, a mix of white vinegar and vegetable oil makes a great polish replacement. For a freezer bag, use empty chip bags and close with masking tape or any bowl with a lid, such as a margarine tub will due in a pinch.
Often overlooked
With many things in life it takes time to see significant results and most people just don't have the patience for it. If you learn to become patient you'll see the results and you'll be much happier in the long run.
When creating a budget don't think you can set it once and forget about it. Things change and some times it needs to be adjusted. A budget is created using a set of expenses and income figures that are subject to change. As the figures change, so should the budget
While everyone remembers the holidays they forget to plan for them. Set-aside some money for presents, food, parties, etc. These items should be factored in when making a budget and saved for throughout the year.
Finally when planning a vacation people remember to factor in the cost for travel and accommodations but they underestimate money needed for food, entertainment, and spending money. Keep in mind that all the resorts and tourists areas are double or triple what you would normally pay.
bills and being able to afford the things you want as well. At first it will seem difficult to limit your spending habits but overtime you'll be able to break bad habits and develop new ones.
Credit Cards
Credit cards can be very useful at times but are also often the cause of overspending. It's best to try and avoid using them and pay cash whenever possible. This will help you avoid making a purchase unless you actually have the money available. If you must use a credit card be prepared to pay the balance off monthly. This will save a lot of money because you'll be avoiding interest charges. Transfer and already existing card balance to a card with a lower interest rate, and try to find a card that doesn't charge an annual fee.
Phones
Some people will spend hundreds of dollars a month on phone charges alone. Limit your phone use to off peak hours. Check with your provider and find out when you have cheaper or unlimited calls.
Coupons
Check the sales page in you Sunday paper. Don't throw away coupons. Saving a few cents here and there may not seem like much, but once again you'd be surprised how much this can add up to be overtime. Many stores will double or triple the amount of the coupon. This technique can save you up to 20 or 30 dollars every time you go to the grocery store.
Pay Yourself First
When configuring your budget, plan for your savings first. You will grow wealthier every month if you set aside money for yourself first. Decide on a set amount that you will pay yourself. It doesn't have to be much. 5 to 10 percent of every paycheck will do. Then, deposit the amount into a savings account before paying any bills.
Do this at the beginning of the month. If you wait until the end of the month, you'll probably end up over spending and you won't have any left to save. Paying yourself first will give you an organized way to make your money grow.
Penny Pincher
If you really want to save be as cheap as possible. Don't feel embarrassed to pick up pennies off the street. Put all the spare change you accumulate in a can or jar. After a period of time count it and roll it up.
You may find that you have an extra 30 or 40 bucks just in spare change.
Get all you can out of any product you purchase. Turn bottles upside down and drain them to get every last bit out of it.
Don't buy name brand items just because you think they're better. For the most part they're really no different and you can save a fortune.
Try and use everyday household items as replacements. Try using ammonia instead of fancy floor cleaners. If your furniture needs some polishing, a mix of white vinegar and vegetable oil makes a great polish replacement. For a freezer bag, use empty chip bags and close with masking tape or any bowl with a lid, such as a margarine tub will due in a pinch.
Often overlooked
With many things in life it takes time to see significant results and most people just don't have the patience for it. If you learn to become patient you'll see the results and you'll be much happier in the long run.
When creating a budget don't think you can set it once and forget about it. Things change and some times it needs to be adjusted. A budget is created using a set of expenses and income figures that are subject to change. As the figures change, so should the budget
While everyone remembers the holidays they forget to plan for them. Set-aside some money for presents, food, parties, etc. These items should be factored in when making a budget and saved for throughout the year.
Finally when planning a vacation people remember to factor in the cost for travel and accommodations but they underestimate money needed for food, entertainment, and spending money. Keep in mind that all the resorts and tourists areas are double or triple what you would normally pay.
Cash Back Credit Cards
The key to using a cash back credit card is to NOT carry a balance on the card. You should pay your total balance off monthly.
If you know that you won’t be able to pay off the balance monthly and find yourself carrying a balance; then the balance would negate any reward you might receive.
If you must carry a balance then do not look for a “reward” card but look instead for the lowest interest rate card that you can find. Because the majority of “reward” cards charge a high interest rate.
But, if you pay the balance off monthly you do not need to worry about the high interest rate. You need to worry about finding a card that matches your spending habits.
In this way, you will get the most rewards for using the right card for you.
For example, if you buy a lot of gas, you would want to find a card that offers more rewards for gas purchases. Some cards offer up to five percent back on gas purchases.
But, if that type of card wouldn’t work for your spending habits perhaps you’d be more interested in a card that rewards you for purchases such as, Groceries, Utilities, Travel, Restaurants, Movies, or even Home Improvements.
Yes, it's true there are cards that reward you for different types of purchases. To find out more about the variety of “reward” cards available you can visit: www.cardoffers.com.
After your research and you discover the perfect card for your spending habits, make sure it doesn't charge you an annual fee. Whether you choose a “reward” card or a low-interest card you will want to avoid a card that charges an annual fee.
If you know that you won’t be able to pay off the balance monthly and find yourself carrying a balance; then the balance would negate any reward you might receive.
If you must carry a balance then do not look for a “reward” card but look instead for the lowest interest rate card that you can find. Because the majority of “reward” cards charge a high interest rate.
But, if you pay the balance off monthly you do not need to worry about the high interest rate. You need to worry about finding a card that matches your spending habits.
In this way, you will get the most rewards for using the right card for you.
For example, if you buy a lot of gas, you would want to find a card that offers more rewards for gas purchases. Some cards offer up to five percent back on gas purchases.
But, if that type of card wouldn’t work for your spending habits perhaps you’d be more interested in a card that rewards you for purchases such as, Groceries, Utilities, Travel, Restaurants, Movies, or even Home Improvements.
Yes, it's true there are cards that reward you for different types of purchases. To find out more about the variety of “reward” cards available you can visit: www.cardoffers.com.
After your research and you discover the perfect card for your spending habits, make sure it doesn't charge you an annual fee. Whether you choose a “reward” card or a low-interest card you will want to avoid a card that charges an annual fee.
Five Steps to Financial Stability
There are five steps you must perform that will help you pay off your debt and get you back on track to financial stability. The steps consist of: evaluating your current financial situation, defining what you want out
of a budget or your financial goals, developing a plan of action, implementing your plan, and reviewing, reevaluating, and revising your plan. I know this all sounds like it requires a lot of effort but financial stability is worth it. You are not alone in this, everyone experiences debt some point during their lives.
The first step is to evaluate your current financial situation. I recommend keeping track of where your money is being spent for a month. If you have a bank account through one of the larger banks, they have already done this for you. If not, you will need to categorize your expenses. Utilities, entertainment, auto/gas, education, groceries, and veterinary expenses are only a few categories that you can use. The type of categories will depend on your personal expenses. Microsoft Money and Quicken are two forms of software that help you keep track of your finances.
The second step is to define what exactly it is you want out of a budget. Goals can be placed into three categories: short term, medium term and long term. Short term goals are goals that you do not require longer than a year to pay off. Medium term goals are goals that require longer than a year but less than five years to pay off. Long term goals are goals that take longer than five years. Some short term goals include purchasing a new stereo system, an entertainment system, a small computer, etc. Purchasing a new refrigerator, stove, and vehicle are a few examples of medium term goals. Some long term goals include purchasing a home, boat, or tractor, investing in a 401K plan, and paying off an education loan.
The third, fourth and fifth steps will require tweaking throughout the rest of your life. The third step is to develop a plan of action. This plan will help you meet your goals if you stick to it. In order to prevent
yourself from straying, it is important to make the plan realistic to your income. The plan should also be flexible. Opening a money account will ensure that you have "extra" money hidden in savings for unexpected incidences that could appear at any given moment. The fourth step is to implement your plan. I would start one week before the end of the month. This will allow you to make your payments one week in advance so that you are guaranteed to never make a late payment. This also allows you plenty of time to correct payment problems before the bill's due date. The fifth step requires you to review, reevaluate, and revise your plan. This step is very important if you wish to remain financially stable. As your career advances, so will your income. If you get married or have children, your living arrangements will also grow which means your utility bills will increase. It is important to stay on top of your financial obligations.
One last note of advice, if you don't have the cash to buy something then don't buy it. Keep your credit card at home in a safe where you can't access it. If you really want to make sure you don't use your credit card then ask a friend or family member to choose the code on the safe and not tell you what it is until that card is paid off. If that is not motivation, I don't know what is! Happy financial planning!
of a budget or your financial goals, developing a plan of action, implementing your plan, and reviewing, reevaluating, and revising your plan. I know this all sounds like it requires a lot of effort but financial stability is worth it. You are not alone in this, everyone experiences debt some point during their lives.
The first step is to evaluate your current financial situation. I recommend keeping track of where your money is being spent for a month. If you have a bank account through one of the larger banks, they have already done this for you. If not, you will need to categorize your expenses. Utilities, entertainment, auto/gas, education, groceries, and veterinary expenses are only a few categories that you can use. The type of categories will depend on your personal expenses. Microsoft Money and Quicken are two forms of software that help you keep track of your finances.
The second step is to define what exactly it is you want out of a budget. Goals can be placed into three categories: short term, medium term and long term. Short term goals are goals that you do not require longer than a year to pay off. Medium term goals are goals that require longer than a year but less than five years to pay off. Long term goals are goals that take longer than five years. Some short term goals include purchasing a new stereo system, an entertainment system, a small computer, etc. Purchasing a new refrigerator, stove, and vehicle are a few examples of medium term goals. Some long term goals include purchasing a home, boat, or tractor, investing in a 401K plan, and paying off an education loan.
The third, fourth and fifth steps will require tweaking throughout the rest of your life. The third step is to develop a plan of action. This plan will help you meet your goals if you stick to it. In order to prevent
yourself from straying, it is important to make the plan realistic to your income. The plan should also be flexible. Opening a money account will ensure that you have "extra" money hidden in savings for unexpected incidences that could appear at any given moment. The fourth step is to implement your plan. I would start one week before the end of the month. This will allow you to make your payments one week in advance so that you are guaranteed to never make a late payment. This also allows you plenty of time to correct payment problems before the bill's due date. The fifth step requires you to review, reevaluate, and revise your plan. This step is very important if you wish to remain financially stable. As your career advances, so will your income. If you get married or have children, your living arrangements will also grow which means your utility bills will increase. It is important to stay on top of your financial obligations.
One last note of advice, if you don't have the cash to buy something then don't buy it. Keep your credit card at home in a safe where you can't access it. If you really want to make sure you don't use your credit card then ask a friend or family member to choose the code on the safe and not tell you what it is until that card is paid off. If that is not motivation, I don't know what is! Happy financial planning!
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