2007 Student Loan Debt Consolidation Tips
With the cost of higher education increasing more and more in the past years, the time you graduate from college is no longer just the moment when you plan your career, it has become the moment that your debts start to catch up with you.
To diminish the stress of repaying the student loans you acquired in college it is advisable that you resort to student loan debt consolidation. Whatever types of student loans you may have acquired in time, if they are not consolidated they can have a negative impact on your credit history after graduation, rendering you unable to acquire different kinds of credit like car loans, credit cards or mortgages. To prevent that, your best option is student loan debt consolidation.
The consolidation can be applied to both federal student loan debts as well as private student loan debts, but it is preferable that they are consolidated separately, as these types of loans have different characteristics. The most important difference between the two types of student loans is that the interest on federal student loans is tax deductible, whereas the private student loans offer no benefits. Also, in special cases, a federal student loan can be repaid by joining the army or by doing community service. In these cases the student pays no money, and offers his services in exchange for the entire amount.
How to consolidate your student loan debt - Student loan debt consolidation takes place, most of the times, during the grace period of a loan. This applies to both federal student loan debts as well as private student loan debts. The lower in-school rates of interest are used to calculate an average fixed interest rate that will be applied to your consolidated student loan debts.
A student loan debt consolidation program offers various flexible repayment schedules with lower monthly payments, very attractive rates of interest and only one lender that the student loan debt is returned to. Student loan debt consolidation does not require any additional fees or charges, no credit checks or co-signers, the companies that consolidate student debts only require that you, as a student, have loaned at least the minimum amount available.
How to consolidate your federal student loans - Using federal student loan consolidation you can build up all your federal student loans into just one loan with a single lender and a single schedule of repayment. The advantages do not stop here, as there are no charges, prepayment penalties or fees required after the consolidation of your loans. Also, the consolidation of loans can be made by you personally or by your parents, and it does not require the presence of any co-signers.
Through the federal student loan consolidation program all your debts are acquired by a commercial lender. At this point your account balance with the credit bureaus is zero, and all your debts are rolled into just one debt that you owe to a single commercial lender. All you have to do is sign a new promissory note that contains the details of your current rate of interest and repayment plan, and your federal student loans are consolidated. However, in order to qualify for this consolidation you must be able to prove that you made at least three full and on time monthly payments.
With the federal loan rates of interest at their lowest, this is an especially good time to consolidate your federal student loan debt, as the interest rate for the consolidated loan would be even lower, and fixed for the whole duration of the repayment schedule. And, since financial advisors say that the interest rates have been so low for so long that there is no place for them to go but up, this is probably the best time for a long time to come to consolidate your debts.
A wisely chosen student loan debt consolidation program will help lower your after graduation debt and will have a positive impact on your credit history.
http://www.freewebtown.com/6-40/a/r/articles_ocean/finance_0/articles_113.html
2008-12-27
2008-12-24
2007 Student Loan Debt Consolidation Tips
2007 Student Loan Debt Consolidation Tips
With the cost of higher education increasing more and more in the past years, the time you graduate from college is no longer just the moment when you plan your career, it has become the moment that your debts start to catch up with you.
To diminish the stress of repaying the student loans you acquired in college it is advisable that you resort to student loan debt consolidation. Whatever types of student loans you may have acquired in time, if they are not consolidated they can have a negative impact on your credit history after graduation, rendering you unable to acquire different kinds of credit like car loans, credit cards or mortgages. To prevent that, your best option is student loan debt consolidation.
The consolidation can be applied to both federal student loan debts as well as private student loan debts, but it is preferable that they are consolidated separately, as these types of loans have different characteristics. The most important difference between the two types of student loans is that the interest on federal student loans is tax deductible, whereas the private student loans offer no benefits. Also, in special cases, a federal student loan can be repaid by joining the army or by doing community service. In these cases the student pays no money, and offers his services in exchange for the entire amount.
How to consolidate your student loan debt - Student loan debt consolidation takes place, most of the times, during the grace period of a loan. This applies to both federal student loan debts as well as private student loan debts. The lower in-school rates of interest are used to calculate an average fixed interest rate that will be applied to your consolidated student loan debts.
A student loan debt consolidation program offers various flexible repayment schedules with lower monthly payments, very attractive rates of interest and only one lender that the student loan debt is returned to. Student loan debt consolidation does not require any additional fees or charges, no credit checks or co-signers, the companies that consolidate student debts only require that you, as a student, have loaned at least the minimum amount available.
How to consolidate your federal student loans - Using federal student loan consolidation you can build up all your federal student loans into just one loan with a single lender and a single schedule of repayment. The advantages do not stop here, as there are no charges, prepayment penalties or fees required after the consolidation of your loans. Also, the consolidation of loans can be made by you personally or by your parents, and it does not require the presence of any co-signers.
Through the federal student loan consolidation program all your debts are acquired by a commercial lender. At this point your account balance with the credit bureaus is zero, and all your debts are rolled into just one debt that you owe to a single commercial lender. All you have to do is sign a new promissory note that contains the details of your current rate of interest and repayment plan, and your federal student loans are consolidated. However, in order to qualify for this consolidation you must be able to prove that you made at least three full and on time monthly payments.
With the federal loan rates of interest at their lowest, this is an especially good time to consolidate your federal student loan debt, as the interest rate for the consolidated loan would be even lower, and fixed for the whole duration of the repayment schedule. And, since financial advisors say that the interest rates have been so low for so long that there is no place for them to go but up, this is probably the best time for a long time to come to consolidate your debts.
A wisely chosen student loan debt consolidation program will help lower your after graduation debt and will have a positive impact on your credit history.
http://www.freewebtown.com/6-40/a/r/articles_ocean/finance_0/articles_113.html
With the cost of higher education increasing more and more in the past years, the time you graduate from college is no longer just the moment when you plan your career, it has become the moment that your debts start to catch up with you.
To diminish the stress of repaying the student loans you acquired in college it is advisable that you resort to student loan debt consolidation. Whatever types of student loans you may have acquired in time, if they are not consolidated they can have a negative impact on your credit history after graduation, rendering you unable to acquire different kinds of credit like car loans, credit cards or mortgages. To prevent that, your best option is student loan debt consolidation.
The consolidation can be applied to both federal student loan debts as well as private student loan debts, but it is preferable that they are consolidated separately, as these types of loans have different characteristics. The most important difference between the two types of student loans is that the interest on federal student loans is tax deductible, whereas the private student loans offer no benefits. Also, in special cases, a federal student loan can be repaid by joining the army or by doing community service. In these cases the student pays no money, and offers his services in exchange for the entire amount.
How to consolidate your student loan debt - Student loan debt consolidation takes place, most of the times, during the grace period of a loan. This applies to both federal student loan debts as well as private student loan debts. The lower in-school rates of interest are used to calculate an average fixed interest rate that will be applied to your consolidated student loan debts.
A student loan debt consolidation program offers various flexible repayment schedules with lower monthly payments, very attractive rates of interest and only one lender that the student loan debt is returned to. Student loan debt consolidation does not require any additional fees or charges, no credit checks or co-signers, the companies that consolidate student debts only require that you, as a student, have loaned at least the minimum amount available.
How to consolidate your federal student loans - Using federal student loan consolidation you can build up all your federal student loans into just one loan with a single lender and a single schedule of repayment. The advantages do not stop here, as there are no charges, prepayment penalties or fees required after the consolidation of your loans. Also, the consolidation of loans can be made by you personally or by your parents, and it does not require the presence of any co-signers.
Through the federal student loan consolidation program all your debts are acquired by a commercial lender. At this point your account balance with the credit bureaus is zero, and all your debts are rolled into just one debt that you owe to a single commercial lender. All you have to do is sign a new promissory note that contains the details of your current rate of interest and repayment plan, and your federal student loans are consolidated. However, in order to qualify for this consolidation you must be able to prove that you made at least three full and on time monthly payments.
With the federal loan rates of interest at their lowest, this is an especially good time to consolidate your federal student loan debt, as the interest rate for the consolidated loan would be even lower, and fixed for the whole duration of the repayment schedule. And, since financial advisors say that the interest rates have been so low for so long that there is no place for them to go but up, this is probably the best time for a long time to come to consolidate your debts.
A wisely chosen student loan debt consolidation program will help lower your after graduation debt and will have a positive impact on your credit history.
http://www.freewebtown.com/6-40/a/r/articles_ocean/finance_0/articles_113.html
2008-12-21
2004 IPO - A Unique Public Offering Trading Opportunity
2004 IPO - A Unique Public Offering Trading Opportunity
The year two thousand and four was a turning point in many different locations of the world in so many various aspects.
Apart from being a leap year in the Gregorian calendar and also the Monkey's year in the Chinese one, this year was called the International year of the grain of rice by the United Nations; the UNESCO called it the year of abolishing slavery from every part of the planet; and it was called the year of road safety by the world health organization..
So much of significance happened during this year all around the globe. On the New Years day of this year Pervez Musharaff was allowed to be initiated as a dictator in the county of Pakistan until two thousand and seven. Not too far away, the Tsunami struck Asia. A gigantic wave caused a lot of damage, and it was caused by a huge earthquake with its epicenter in the Indian Ocean. Coming to our topic of interest it was predicted in the beginning of this year that over two hundred companies would go public on the stock markets.
By this we mean companies wiling to give out an initial public offering to the public. That would be the first public sale of a company in order to increase its revenues. We often see companies veering towards this strategy only to back out at the last minute thanks to sudden changes in the markets.
This year is considered kind of unique in the stock markets world, as it was predicted to break the two hundred number mark as far as organizations under IPO were concerned. The first nine months alone saw about one hundred and sixty four IPOs being filed. The prediction was made by the gurus of the market on studying the last quarter of the preceding year two thousand and three. A study of the past five years was also used to make this prediction. So it was believed that at least about fifty more companies would file for IPO during the winter months making the total to well over the predicted two hundred.
People were not very surprised then, when finally a number of two hundred and fifty three companies filed for IPO. The net worth in IPO was over forty six billion US dollars, bringing it in comparison to the year nineteen ninety eight where three seventy companies filed for a net worth of around forty four billion.
So, it can be said, in reminiscence, the year two thousand and four wasn't just a great one for President Bush and President Musharaff Pakistan, we also saw a lot of changes for the better in the stock markets.
From:http://www.freewebtown.com/6-40/a/r/articles_ocean/finance_0/articles_111.html
The year two thousand and four was a turning point in many different locations of the world in so many various aspects.
Apart from being a leap year in the Gregorian calendar and also the Monkey's year in the Chinese one, this year was called the International year of the grain of rice by the United Nations; the UNESCO called it the year of abolishing slavery from every part of the planet; and it was called the year of road safety by the world health organization..
So much of significance happened during this year all around the globe. On the New Years day of this year Pervez Musharaff was allowed to be initiated as a dictator in the county of Pakistan until two thousand and seven. Not too far away, the Tsunami struck Asia. A gigantic wave caused a lot of damage, and it was caused by a huge earthquake with its epicenter in the Indian Ocean. Coming to our topic of interest it was predicted in the beginning of this year that over two hundred companies would go public on the stock markets.
By this we mean companies wiling to give out an initial public offering to the public. That would be the first public sale of a company in order to increase its revenues. We often see companies veering towards this strategy only to back out at the last minute thanks to sudden changes in the markets.
This year is considered kind of unique in the stock markets world, as it was predicted to break the two hundred number mark as far as organizations under IPO were concerned. The first nine months alone saw about one hundred and sixty four IPOs being filed. The prediction was made by the gurus of the market on studying the last quarter of the preceding year two thousand and three. A study of the past five years was also used to make this prediction. So it was believed that at least about fifty more companies would file for IPO during the winter months making the total to well over the predicted two hundred.
People were not very surprised then, when finally a number of two hundred and fifty three companies filed for IPO. The net worth in IPO was over forty six billion US dollars, bringing it in comparison to the year nineteen ninety eight where three seventy companies filed for a net worth of around forty four billion.
So, it can be said, in reminiscence, the year two thousand and four wasn't just a great one for President Bush and President Musharaff Pakistan, we also saw a lot of changes for the better in the stock markets.
From:http://www.freewebtown.com/6-40/a/r/articles_ocean/finance_0/articles_111.html
2008-12-18
2 Ways to Put Your Children's Money to Work
2 Ways to Put Your Children's Money to Work
Recently I've been sharing tax strategies related to getting your children in the game and on your payroll. Now that you've put your children to work, the next step is to put their money to work!
There are many ways your children can put their money to work. Here are two of those ways:
#1 Have Your Children Pay for Their Extras
One thing most parents agree on is that children can be expensive! All the extras add up - sports, lessons, toys, games, the latest gadgets. All parents know this list can go on and on. Rather than paying for your children's extras with your after-tax dollars, have your children pay for their extras with their after-tax dollars. Your children's after-tax dollars are much cheaper than yours - especially if they are in a 0% tax rate!
What I love about this strategy is it reduces my taxes AND gives my children real life experience with managing their own finances.
#2 Have Your Children Fund a Roth IRA
Typically children do not have IRAs because in order to make a contribution to an IRA, the IRA owner must have earned income. Since most children do not have earned income, an IRA is not an option.
When you have your business hire your children, not only do you have the opportunity to reduce your taxes, but you have also created the opportunity for your children to contribute to an IRA. Once your children have earned income, they are eligible to contribute to an IRA.
In most cases, I find that a Roth IRA is a better fit for children than a traditional IRA. One reason is because distributions from a Roth IRA are tax-free. In a traditional IRA, distributions are taxable income. This means that all the income earned in a Roth IRA will never be taxed! Of course, the rules of the Roth IRA must be followed to receive this treatment but I find that most of the time, the rules of the Roth IRA are easier to follow than those of a traditional IRA.
The power of time is huge in this strategy because even modest contributions to a Roth IRA at a young age can grow to a substantial balance by the time your children are even just middle aged! Add to that the tax-free nature of the Roth IRA and it's easy to understand why this strategy can be so powerful for your children.
Another reason I like the Roth IRA for children is that there are several exceptions to the early withdrawal penalty (which can make Roth IRA earnings and contributions taxable). These exceptions provide opportunity for your children to take distributions without penalty long before they reach retirement age.
Recently I've been sharing tax strategies related to getting your children in the game and on your payroll. Now that you've put your children to work, the next step is to put their money to work!
There are many ways your children can put their money to work. Here are two of those ways:
#1 Have Your Children Pay for Their Extras
One thing most parents agree on is that children can be expensive! All the extras add up - sports, lessons, toys, games, the latest gadgets. All parents know this list can go on and on. Rather than paying for your children's extras with your after-tax dollars, have your children pay for their extras with their after-tax dollars. Your children's after-tax dollars are much cheaper than yours - especially if they are in a 0% tax rate!
What I love about this strategy is it reduces my taxes AND gives my children real life experience with managing their own finances.
#2 Have Your Children Fund a Roth IRA
Typically children do not have IRAs because in order to make a contribution to an IRA, the IRA owner must have earned income. Since most children do not have earned income, an IRA is not an option.
When you have your business hire your children, not only do you have the opportunity to reduce your taxes, but you have also created the opportunity for your children to contribute to an IRA. Once your children have earned income, they are eligible to contribute to an IRA.
In most cases, I find that a Roth IRA is a better fit for children than a traditional IRA. One reason is because distributions from a Roth IRA are tax-free. In a traditional IRA, distributions are taxable income. This means that all the income earned in a Roth IRA will never be taxed! Of course, the rules of the Roth IRA must be followed to receive this treatment but I find that most of the time, the rules of the Roth IRA are easier to follow than those of a traditional IRA.
The power of time is huge in this strategy because even modest contributions to a Roth IRA at a young age can grow to a substantial balance by the time your children are even just middle aged! Add to that the tax-free nature of the Roth IRA and it's easy to understand why this strategy can be so powerful for your children.
Another reason I like the Roth IRA for children is that there are several exceptions to the early withdrawal penalty (which can make Roth IRA earnings and contributions taxable). These exceptions provide opportunity for your children to take distributions without penalty long before they reach retirement age.
2008-12-15
2 Necessary Conditions For Portfolio Diversification - Warren Buffet Approach
2 Necessary Conditions For Portfolio Diversification - Warren Buffet Approach
I bet you must have been told at one time or another not to put all your eggs in one basket before right? No doubt diversification is a must but how many stocks you should buy and how much money you should be investing in each stock is depends on these 3 necessary conditions for portfolio diversification.
In return, you'll be having the best asset allocation strategy that will effectively utilize all of your hard earned money now and forever.
How Knowledgeable Are You
To make the most money from stock market, invest in what you know the most. You must know the company inside out. At least, you must understand its business model, which industry the company belongs to and how the profit was generated. Also, don't forget to spend enough time to understand the nature of its business, effectiveness of its management as well as the unique selling proposition of its products or services compared to its competitors.
From there you can decide if the company is a great investment opportunity indeed.
But the main problem that most novice investors have is they don't know where to start. They just don't have idea which stock they know the most. Unlike Warren Buffet who has been taught about stock investing since he was 11 years old, most of us need to start from bottom. You can either start with something you know from your hobby (e.g. computer or software geeks), whatever you have learnt from your office or anything that you are interested in.
Thus, making yourself familiar with the industry results should be one of the top necessary conditions for portfolio diversification. It gives you better understanding of how well the company has been doing so far. And most importantly, what will be its future in years to come. If you are confident with the stocks future profits and cash flow, it becomes less risky for your money to grow.
How Much Money You Have
Obviously, the more money you have the better. Unfortunately, not many of us have the same fund as Warren Buffet does, unless you have inherited millions of dollars from your wealthy parents. Even if you do, the money is still not enough. I'll let you know why.
What makes Warren Buffet's investment so different than many of us is that, once he discovered great stocks offered at discounted price, he will buy not only millions but billions of dollars. His stock purchase alone is sufficient to make the stock prices moves significantly that time.
With that kind of investment, he has enough votes to influence the company's direction. For example, his holding company, Berkshire Hathaway, owns more than 15 per cent of all the outstanding shares of Coca Cola. As the matter of fact, he has been sitting on the company's board for at least 17 years.
You tell me who else have the luxury of sitting in the board of management.
Therefore, just because concentric diversification has worked well for Warren Buffet, it is not necessarily worked well for you; unless you have billions of dollars investing in such companies though. Therefore, as much as possible, allocate huge (if not most) of your asset into something that you have the most control. This can either be your real properties investment or starting up your own businesses.
I bet you must have been told at one time or another not to put all your eggs in one basket before right? No doubt diversification is a must but how many stocks you should buy and how much money you should be investing in each stock is depends on these 3 necessary conditions for portfolio diversification.
In return, you'll be having the best asset allocation strategy that will effectively utilize all of your hard earned money now and forever.
How Knowledgeable Are You
To make the most money from stock market, invest in what you know the most. You must know the company inside out. At least, you must understand its business model, which industry the company belongs to and how the profit was generated. Also, don't forget to spend enough time to understand the nature of its business, effectiveness of its management as well as the unique selling proposition of its products or services compared to its competitors.
From there you can decide if the company is a great investment opportunity indeed.
But the main problem that most novice investors have is they don't know where to start. They just don't have idea which stock they know the most. Unlike Warren Buffet who has been taught about stock investing since he was 11 years old, most of us need to start from bottom. You can either start with something you know from your hobby (e.g. computer or software geeks), whatever you have learnt from your office or anything that you are interested in.
Thus, making yourself familiar with the industry results should be one of the top necessary conditions for portfolio diversification. It gives you better understanding of how well the company has been doing so far. And most importantly, what will be its future in years to come. If you are confident with the stocks future profits and cash flow, it becomes less risky for your money to grow.
How Much Money You Have
Obviously, the more money you have the better. Unfortunately, not many of us have the same fund as Warren Buffet does, unless you have inherited millions of dollars from your wealthy parents. Even if you do, the money is still not enough. I'll let you know why.
What makes Warren Buffet's investment so different than many of us is that, once he discovered great stocks offered at discounted price, he will buy not only millions but billions of dollars. His stock purchase alone is sufficient to make the stock prices moves significantly that time.
With that kind of investment, he has enough votes to influence the company's direction. For example, his holding company, Berkshire Hathaway, owns more than 15 per cent of all the outstanding shares of Coca Cola. As the matter of fact, he has been sitting on the company's board for at least 17 years.
You tell me who else have the luxury of sitting in the board of management.
Therefore, just because concentric diversification has worked well for Warren Buffet, it is not necessarily worked well for you; unless you have billions of dollars investing in such companies though. Therefore, as much as possible, allocate huge (if not most) of your asset into something that you have the most control. This can either be your real properties investment or starting up your own businesses.
2008-12-13
2 Great Ways to Save Money - by Rounding Up and by Rounding Down
2 Great Ways to Save Money - by Rounding Up and by Rounding Down
In this day and age of spend, spend, spend it's hard to save a dime for the future. Everyone has at least one credit card and every single day a new credit card application or as most say, "junk mail" arrives at your home. To make saving even harder it seems that there's always an occasion to spend money, like Christmas, Easter, 4th Of July, Birthdays and on and on the "spending cycle" goes. So where does all that hard earned money of yours go? I bet it just seems to disappear month after month and all you have to show for it is a large credit card bill. But fear not, below are two great ways to get you started down the savings path.
But first the important thing about saving money is that you sock it away as soon as possible. Out of sight, out of mind! Another important thing is that you should sock it away in a high interest savings account. Why not make your money work for you? I mean you've worked for it so now it's time for your money to give you a little something back in return. One of the best ways to get a savings account with a high interest rate is to open a savings account online with a reputable bank. You can find online savings accounts that give you 4% to 5% interest rates on your money. Now that's a deal! Of course each high interest account comes with rules and stipulations and you must read the fine print, but all in all online savings accounts are the best place to stash your hard earned money for future use. Now I bet you're wondering how to round up and round down to save money? It's pretty simple actually so let me explain.
This isn't one of those pay yourself first ideas, it's actually a pay yourself all the time ideas. The main point here is that you're paying yourself a little here and a little there but as they say, "little things mean a lot", especially when it comes to saving money.
The first thing you need to do is "Round Down" your paycheck. It doesn't matter if it's weekly, bi-weekly or monthly you need to round it down. For example say your paycheck is for $783.00, you'd keep the $700.00 in your checking account but you'd have the other $83 electronically sent to your high interest savings account. You won't miss the money and before long you'll have a nest egg that's growing out of control. But you mustn't miss a paycheck, it's important to stay on schedule and always round down whether it's $1.00 or $99.00.
The second way to add more money to your high interest savings account is to "Round Up" every time you purchase something. Then you add the difference to your high interest account once more. For example say you must purchase a present for your friends birthday. The present sets you back $42.00. Now you round up to the nearest $10.00 level, so that would be $50.00. So you pretend you spent $50.00 and take that extra $8.00 and place it into your high yield savings account. You can round up by $5.00 or $10.00 increments, that keeps it pretty simple and you will end up saving a lot more money in your account. When rounding up you must keep track of how much you spend and at the end of the month transfer that amount from your checking to your high interest online banking account.
The key to rounding up and rounding down is that you do it religiously. If you forget to transfer money over you may end up spending it. If you get lazy and just stop doing it all together then you'll be stuck in the same boat once more, a lot of bills getting paid yet not a dime being paid to yourself. One way you can look at "Rounding Up" is that you're paying a fee to yourself for spending money. Sort of like paying interest on credit card payments but you're getting the money, not the credit card company.
Hopefully you're motivated to start saving money today, so open a high interest online savings account and start rounding up and down. After seeing how much you've actually saved in just a couple months you'll be very motivated to save more and realize that saving money really is easy and fun all at the same time.
In this day and age of spend, spend, spend it's hard to save a dime for the future. Everyone has at least one credit card and every single day a new credit card application or as most say, "junk mail" arrives at your home. To make saving even harder it seems that there's always an occasion to spend money, like Christmas, Easter, 4th Of July, Birthdays and on and on the "spending cycle" goes. So where does all that hard earned money of yours go? I bet it just seems to disappear month after month and all you have to show for it is a large credit card bill. But fear not, below are two great ways to get you started down the savings path.
But first the important thing about saving money is that you sock it away as soon as possible. Out of sight, out of mind! Another important thing is that you should sock it away in a high interest savings account. Why not make your money work for you? I mean you've worked for it so now it's time for your money to give you a little something back in return. One of the best ways to get a savings account with a high interest rate is to open a savings account online with a reputable bank. You can find online savings accounts that give you 4% to 5% interest rates on your money. Now that's a deal! Of course each high interest account comes with rules and stipulations and you must read the fine print, but all in all online savings accounts are the best place to stash your hard earned money for future use. Now I bet you're wondering how to round up and round down to save money? It's pretty simple actually so let me explain.
This isn't one of those pay yourself first ideas, it's actually a pay yourself all the time ideas. The main point here is that you're paying yourself a little here and a little there but as they say, "little things mean a lot", especially when it comes to saving money.
The first thing you need to do is "Round Down" your paycheck. It doesn't matter if it's weekly, bi-weekly or monthly you need to round it down. For example say your paycheck is for $783.00, you'd keep the $700.00 in your checking account but you'd have the other $83 electronically sent to your high interest savings account. You won't miss the money and before long you'll have a nest egg that's growing out of control. But you mustn't miss a paycheck, it's important to stay on schedule and always round down whether it's $1.00 or $99.00.
The second way to add more money to your high interest savings account is to "Round Up" every time you purchase something. Then you add the difference to your high interest account once more. For example say you must purchase a present for your friends birthday. The present sets you back $42.00. Now you round up to the nearest $10.00 level, so that would be $50.00. So you pretend you spent $50.00 and take that extra $8.00 and place it into your high yield savings account. You can round up by $5.00 or $10.00 increments, that keeps it pretty simple and you will end up saving a lot more money in your account. When rounding up you must keep track of how much you spend and at the end of the month transfer that amount from your checking to your high interest online banking account.
The key to rounding up and rounding down is that you do it religiously. If you forget to transfer money over you may end up spending it. If you get lazy and just stop doing it all together then you'll be stuck in the same boat once more, a lot of bills getting paid yet not a dime being paid to yourself. One way you can look at "Rounding Up" is that you're paying a fee to yourself for spending money. Sort of like paying interest on credit card payments but you're getting the money, not the credit card company.
Hopefully you're motivated to start saving money today, so open a high interest online savings account and start rounding up and down. After seeing how much you've actually saved in just a couple months you'll be very motivated to save more and realize that saving money really is easy and fun all at the same time.
2008-12-11
1st And 2nd Mortgage Refinance Loan - Why Refinance Both Mortgages?
1st And 2nd Mortgage Refinance Loan - Why Refinance Both Mortgages?
The hassle of making two monthly mortgage payments has prompted many homeowners to consider refinancing their 1st and 2nd mortgages into one loan. While combining both loans into one mortgage is convenient, and may save you money, homeowners should carefully weigh the risks and advantages before choosing to refinance their mortgages.
Benefits Associated with Combining 1st and 2nd Mortgages
Aside from consolidating your mortgages and making one monthly payment, a mortgage consolidation may lower your monthly payments to mortgage lenders. If you acquired your 1st or 2nd mortgage before home loan rates began to decline, you are likely paying an interest rate that is at least two points above current market rates. If so, a refinancing will greatly benefit you. By refinancing both mortgages with a low interest rate, you may save hundreds on your monthly mortgage payment.
Furthermore, if you accepted a 1st and 2nd mortgage with an adjustable mortgage rate, refinancing both loans at a fixed rate may benefit you in the long run. Even if your current rates are low, these rates are not guaranteed to remain low. As market trends fluctuated, your adjustable rate mortgages are free to rise. Higher mortgage rates will cause your mortgage payment to climb considerably. Refinancing both mortgages with a fixed rate will ensure that your mortgage remains predictable.
Disadvantages to Refinancing 1st and 2nd Mortgage
Before choosing to refinance your mortgages, it is imperative to consider the drawbacks of combining both mortgages. To begin, refinancing a mortgage involves the same procedures as applying for the initial mortgage. Thus, you are required to pay closing costs and fees. In this case, refinancing is best for those who plan to live in their homes for a long time.
If your credit score has dropped considerably within recent years, lenders may not approve you for a low rate refinancing. By refinancing and consolidating both mortgages, be prepared to pay a higher interest rate. Before accepting an offer, carefully compare the savings.
Moreover, refinancing your two mortgages may result in you paying private mortgage insurance (PMI). PMI is required for home loans with less than 20% equity. To avoid paying private mortgage insurance, homeowners may consider refinancing both mortgages separately, as opposed to consolidating both mortgage loans.
The hassle of making two monthly mortgage payments has prompted many homeowners to consider refinancing their 1st and 2nd mortgages into one loan. While combining both loans into one mortgage is convenient, and may save you money, homeowners should carefully weigh the risks and advantages before choosing to refinance their mortgages.
Benefits Associated with Combining 1st and 2nd Mortgages
Aside from consolidating your mortgages and making one monthly payment, a mortgage consolidation may lower your monthly payments to mortgage lenders. If you acquired your 1st or 2nd mortgage before home loan rates began to decline, you are likely paying an interest rate that is at least two points above current market rates. If so, a refinancing will greatly benefit you. By refinancing both mortgages with a low interest rate, you may save hundreds on your monthly mortgage payment.
Furthermore, if you accepted a 1st and 2nd mortgage with an adjustable mortgage rate, refinancing both loans at a fixed rate may benefit you in the long run. Even if your current rates are low, these rates are not guaranteed to remain low. As market trends fluctuated, your adjustable rate mortgages are free to rise. Higher mortgage rates will cause your mortgage payment to climb considerably. Refinancing both mortgages with a fixed rate will ensure that your mortgage remains predictable.
Disadvantages to Refinancing 1st and 2nd Mortgage
Before choosing to refinance your mortgages, it is imperative to consider the drawbacks of combining both mortgages. To begin, refinancing a mortgage involves the same procedures as applying for the initial mortgage. Thus, you are required to pay closing costs and fees. In this case, refinancing is best for those who plan to live in their homes for a long time.
If your credit score has dropped considerably within recent years, lenders may not approve you for a low rate refinancing. By refinancing and consolidating both mortgages, be prepared to pay a higher interest rate. Before accepting an offer, carefully compare the savings.
Moreover, refinancing your two mortgages may result in you paying private mortgage insurance (PMI). PMI is required for home loans with less than 20% equity. To avoid paying private mortgage insurance, homeowners may consider refinancing both mortgages separately, as opposed to consolidating both mortgage loans.
2008-12-09
Advantages and Disadvantages of Debt Factoring
Debt factoring takes place when a business sells its accounts receivable to a specialized finance company known as a factor. The receivables are sold at a discount and the factor has the responsibility of collecting the outstanding amounts. This is also referred to as accounts receivable financing or factoring.
This type of arrangement is used by many businesses to improve cash flow and shorten the cash cycle. The business receives immediate cash from the factor and does not have to handle the collections process. Before entering into a debt factoring agreement, there are several key advantages and disadvantages to consider.
The primary benefit of debt factoring is that it provides a quick method of financing. Instead of waiting to receive cash from customer accounts receivables, the factor pays the business immediately. This can be important if the business needs cash to pursue future growth or expansion. It can also be a viable alternative for business wary of taking on debt or issuing equity to raise capital.
Another key benefit is that cash flow is improved and the cash cycle is shortened. The amount of time it takes a business to turn cash to goods to cash is accelerated. This fast turnaround may allow the business to take on additional customers or purchase additional inventory.
Protection from bad debts is a potential benefit. This would only apply if the business has entered into a non-recourse factoring agreement. Under this type of agreement, the factor assumes the risk of bad debts. In other words, if a customer account cannot be collected, the factor must absorb the loss.
Cost effective collections is another potential benefit. The business does sell the accounts receivable at a discount, but it also hands off the entire process of accounts receivable collections. The business has effectively outsourced the process which can save valuable time or reduce the number of employees needed for back office work.
On the other side of the equation, debt factoring does carry a number of distinct disadvantages. The primary disadvantage is the cost. Under a factoring agreement, the factor purchases accounts receivable at a discount. Depending on the discount percentage, a factoring agreement may imply a higher cost of capital. This cost must be compared to the cost of other methods of financing which are available to the business.
A second disadvantage is that when a business works with a factor, they are introducing an outside influence into their business. Since the factor will be responsible for collecting accounts receivable and may be responsible for amounts which cannot be collected, they may try to influence sales practices. This can include attempts to influence sales policies and timing, as well as the customers that a business with deal with.
Bad debt liabilities are a potential disadvantage. This would be applicable if the business has entered into a resource factoring agreement. Under this type of arrangement, the business is responsible for any amounts that cannot be collected from customers. The discount rate at which the factor purchases the accounts is usually lower, but this must be considered in light of potential charges for uncollectible accounts.
Customer relations are a final potential disadvantage. Since a third party will now deal directly with customers to collect amounts owed, this can negatively impact their perception of the business. This is especially true if the factor engages in aggressive or unprofessional practices when collecting accounts.
Debt factoring represents a complex business agreement. It usually requires a long term contract and the modification of some current sales practices. When evaluating whether debt factoring is a good choice for a business, both advantages and disadvantages must be weighed to make an informed descision.
This type of arrangement is used by many businesses to improve cash flow and shorten the cash cycle. The business receives immediate cash from the factor and does not have to handle the collections process. Before entering into a debt factoring agreement, there are several key advantages and disadvantages to consider.
The primary benefit of debt factoring is that it provides a quick method of financing. Instead of waiting to receive cash from customer accounts receivables, the factor pays the business immediately. This can be important if the business needs cash to pursue future growth or expansion. It can also be a viable alternative for business wary of taking on debt or issuing equity to raise capital.
Another key benefit is that cash flow is improved and the cash cycle is shortened. The amount of time it takes a business to turn cash to goods to cash is accelerated. This fast turnaround may allow the business to take on additional customers or purchase additional inventory.
Protection from bad debts is a potential benefit. This would only apply if the business has entered into a non-recourse factoring agreement. Under this type of agreement, the factor assumes the risk of bad debts. In other words, if a customer account cannot be collected, the factor must absorb the loss.
Cost effective collections is another potential benefit. The business does sell the accounts receivable at a discount, but it also hands off the entire process of accounts receivable collections. The business has effectively outsourced the process which can save valuable time or reduce the number of employees needed for back office work.
On the other side of the equation, debt factoring does carry a number of distinct disadvantages. The primary disadvantage is the cost. Under a factoring agreement, the factor purchases accounts receivable at a discount. Depending on the discount percentage, a factoring agreement may imply a higher cost of capital. This cost must be compared to the cost of other methods of financing which are available to the business.
A second disadvantage is that when a business works with a factor, they are introducing an outside influence into their business. Since the factor will be responsible for collecting accounts receivable and may be responsible for amounts which cannot be collected, they may try to influence sales practices. This can include attempts to influence sales policies and timing, as well as the customers that a business with deal with.
Bad debt liabilities are a potential disadvantage. This would be applicable if the business has entered into a resource factoring agreement. Under this type of arrangement, the business is responsible for any amounts that cannot be collected from customers. The discount rate at which the factor purchases the accounts is usually lower, but this must be considered in light of potential charges for uncollectible accounts.
Customer relations are a final potential disadvantage. Since a third party will now deal directly with customers to collect amounts owed, this can negatively impact their perception of the business. This is especially true if the factor engages in aggressive or unprofessional practices when collecting accounts.
Debt factoring represents a complex business agreement. It usually requires a long term contract and the modification of some current sales practices. When evaluating whether debt factoring is a good choice for a business, both advantages and disadvantages must be weighed to make an informed descision.
2008-12-08
Advantages and Disadvantages of Buying a Home Through a Lease Option
Advantages and Disadvantages of Buying a Home Through a Lease Option
Buying a home can be a satisfying or frustrating experience depending how financially ready you are to own a home. Just the process of buying a home can be very expensive with the major expense of purchasing a home being the down payment. The purpose of a down payment is to pay the bank fees to get the mortgage setup and generate some equity in the home to hedge the risk the bank is taking. In years past, this down payment could be very small, but with the fall of the housing market in 2006, those days are long gone, making it prohibitively expensive to buy a home. When there are fewer buyers and less credit around, sellers begin to offer other ways to sell their home. The "Lease Option" is one such method. A Lease Option is technically a lease (rental) with the option to purchase. You are renting the home but have the right to purchase the home at anytime during the rental period at a pre-determined price.
A lease option can be a very favorable way to purchase a home because it provides the advantages of home ownership without the disadvantages of ownership. The main advantages include: (1) No mortgage fees (2) less for a down payment (3) limited risk if the value of the home falls but you profit as the home appreciates. When structured property, there really are no disadvantages to a lease option relative to purchasing the home with a mortgage. When compared with renting, the major disadvantages of a lease option include: (1) pay more money upfront than renting (2) you are responsible for repairs, not the landlord. Each advantage and disadvantage is discussed in greater detail below.
1. Advantage: No mortgage fees. Because a lease option is technically a rental, the agreement is between you and the seller. Because the bank is not involved, there are no bank fees, meaning that you don't have to come up with the $5000 to $9000 that it costs to get a mortgage. However, eventually you will have to get a mortgage if you decide to stay in the home long term.
2. Advantage: Less for a down payment. Like the mortgage fees, because the agreement is between you and the seller, the money down is negotiable, and sometimes not required at all, though the amount down typically ranges between $5000 and $10000 dollars. This is still better than the bank will require.
3. Advantage: Limited risk and leveraged returns. A lease option is an option to purchase, not an obligation to purchase. This means that when the lease term expires, if the home has lost value, you can choose to walk away. You give up your down payment, but are not saddled with a home that cannot be sold. However, at the same time, if the home increases in value, because the purchase price is set, you can purchase the home for less than it is worth on the open market. This key element makes lease option homes potentially a great investment, because you can leverage your money with such little risk. For example. If you purchase a $300,000 home with a mortgage, you would need to bring about $20,000 at closing ($15,000 as a 5% down payment and $5000 to cover mortgage fees). If the home's value increased 5% over two years, the home would be worth $315,000. Your $20,000 turned into $30,000 ($15,000 in equity to start + $15,000 in appreciation); a 50% return on your money over 2 years. However, if the home decreased 5% in value, the home would be worth $285,000, and your $20,000 investment turned into $0.00. However, if the same home was bought as a lease option, then $5000 down would turn into $20,000 ($5000 in equity to start + $15,000 in appreciation); a 400% return on your money over 2 years. If the home decreased 5% in value, the home would be worth $285,000 but you can walk away having only paid the upfront down payment of $5000. In this example, the lease option reduced potential profits by 75% and increased potential returns by 350%.
5. Disadvantage: Pay more money upfront. Typically a lease option requires a greater amount of money upfront than renting. This is not always the case and depends on how desperate the seller is the lease the home. Generally you can expect to pay twice what you normally would put as a deposit on a comparable rental.
6. Disadvantage: Responsible for repairs. One nice thing about renting is that the landlord is responsible for repairs. In a typical lease option, you are entirely responsible for maintenance of a home.
There are both advantages and disadvantages to buying a lease option. When compared with the buying the home with a mortgage, there is really no disadvantage and when compared with renting, a lease option is a relative low risk investment for little additional out of pocket expense. The key, however, is in the terms of the agreement between you and the landlord. The terms are negotiable, so make sure you do so. To summarize, a lease option can be a win/win situation for both buyer and seller. If you are looking for a home but don't have enough for a regular down payment or are not sure if the market is going to get worse before better, consider a lease option and rest easy.
Buying a home can be a satisfying or frustrating experience depending how financially ready you are to own a home. Just the process of buying a home can be very expensive with the major expense of purchasing a home being the down payment. The purpose of a down payment is to pay the bank fees to get the mortgage setup and generate some equity in the home to hedge the risk the bank is taking. In years past, this down payment could be very small, but with the fall of the housing market in 2006, those days are long gone, making it prohibitively expensive to buy a home. When there are fewer buyers and less credit around, sellers begin to offer other ways to sell their home. The "Lease Option" is one such method. A Lease Option is technically a lease (rental) with the option to purchase. You are renting the home but have the right to purchase the home at anytime during the rental period at a pre-determined price.
A lease option can be a very favorable way to purchase a home because it provides the advantages of home ownership without the disadvantages of ownership. The main advantages include: (1) No mortgage fees (2) less for a down payment (3) limited risk if the value of the home falls but you profit as the home appreciates. When structured property, there really are no disadvantages to a lease option relative to purchasing the home with a mortgage. When compared with renting, the major disadvantages of a lease option include: (1) pay more money upfront than renting (2) you are responsible for repairs, not the landlord. Each advantage and disadvantage is discussed in greater detail below.
1. Advantage: No mortgage fees. Because a lease option is technically a rental, the agreement is between you and the seller. Because the bank is not involved, there are no bank fees, meaning that you don't have to come up with the $5000 to $9000 that it costs to get a mortgage. However, eventually you will have to get a mortgage if you decide to stay in the home long term.
2. Advantage: Less for a down payment. Like the mortgage fees, because the agreement is between you and the seller, the money down is negotiable, and sometimes not required at all, though the amount down typically ranges between $5000 and $10000 dollars. This is still better than the bank will require.
3. Advantage: Limited risk and leveraged returns. A lease option is an option to purchase, not an obligation to purchase. This means that when the lease term expires, if the home has lost value, you can choose to walk away. You give up your down payment, but are not saddled with a home that cannot be sold. However, at the same time, if the home increases in value, because the purchase price is set, you can purchase the home for less than it is worth on the open market. This key element makes lease option homes potentially a great investment, because you can leverage your money with such little risk. For example. If you purchase a $300,000 home with a mortgage, you would need to bring about $20,000 at closing ($15,000 as a 5% down payment and $5000 to cover mortgage fees). If the home's value increased 5% over two years, the home would be worth $315,000. Your $20,000 turned into $30,000 ($15,000 in equity to start + $15,000 in appreciation); a 50% return on your money over 2 years. However, if the home decreased 5% in value, the home would be worth $285,000, and your $20,000 investment turned into $0.00. However, if the same home was bought as a lease option, then $5000 down would turn into $20,000 ($5000 in equity to start + $15,000 in appreciation); a 400% return on your money over 2 years. If the home decreased 5% in value, the home would be worth $285,000 but you can walk away having only paid the upfront down payment of $5000. In this example, the lease option reduced potential profits by 75% and increased potential returns by 350%.
5. Disadvantage: Pay more money upfront. Typically a lease option requires a greater amount of money upfront than renting. This is not always the case and depends on how desperate the seller is the lease the home. Generally you can expect to pay twice what you normally would put as a deposit on a comparable rental.
6. Disadvantage: Responsible for repairs. One nice thing about renting is that the landlord is responsible for repairs. In a typical lease option, you are entirely responsible for maintenance of a home.
There are both advantages and disadvantages to buying a lease option. When compared with the buying the home with a mortgage, there is really no disadvantage and when compared with renting, a lease option is a relative low risk investment for little additional out of pocket expense. The key, however, is in the terms of the agreement between you and the landlord. The terms are negotiable, so make sure you do so. To summarize, a lease option can be a win/win situation for both buyer and seller. If you are looking for a home but don't have enough for a regular down payment or are not sure if the market is going to get worse before better, consider a lease option and rest easy.
2008-12-07
Advantages and Disadvantages of Adjustable Rate Mortgages
Advantages and Disadvantages of Adjustable Rate Mortgages
When consumers begin shopping for a home loan they are often presented with the option of using an adjustable rate mortgage. An adjustable rate mortgage (also known as an ARM) can be a great way to buy a home but it can also be a horrible mistake that can lead to foreclosure or even bankruptcy. The difference between joy and disaster is often in the mortgage contract itself.
When consumers hear the term "adjustable rate mortgage" they should understand that this is a very broad term indeed, and that it can mean many things. There are, literally, dozens of varieties of ARM's available to home shoppers, and knowing the good ones from the bad ones should be a home buyer's first concern.
In general, an adjustable rate mortgage begins with a set rate of interest for a specific length of time. This first rate is usually lower than what consumers can find in the fixed rate market at the same time. This lower rate is the inducement to take the ARM over the fixed rate products.
At some point in time, and this will be spelled out in the contract, the lower rate will be adjusted. The adjustment can go up or down, but normally goes up, as you might expect. The factors that determine how much the rate goes up (or down) are many and vary from one lender to another. They also vary depending on the level of the mortgage. In other words, an adjustable rate mortgage that is also considered a sub-prime loan may have a huge increase in rate (along with increases in fees and service charges) which can make the new monthly payment difficult to pay.
Prime loans, on the other hand, which are more traditional in nature and are considered less risky by lenders, usually have caps on the amount of increase that is allowable for any one increase. This helps home owners (at least to some degree) to better understand what the max payment might be for their home at any given time in the future. In a very real sense it voids the "sky is the limit" possibility.
The only way to know if a particular adjustable rate mortgage is right for you and your budget is to sit down and read the contract slowly and carefully. You may notice some odd-looking numbers such as 1/3, 2/7, or 1/10. The actual numbers you see may vary according to the contract you are looking at, but, in essence, they mean that the introductory interest rate will last for the first number in the term. In the case of 1/3, that means that for one year you pay the lower interest rate and an adjustment takes places and will continue to take place every three years afterward. A 2/7 would mean you get the first rate for two years, then an adjustment takes place and another adjustment will take place every seven years after.
An adjustable rate mortgage can be confusing even for the most intelligent of people. If you have any questions about the contract you should ask the lender or an attorney that you trust. The time to have these questions cleared up is before you sign the contract.
When consumers begin shopping for a home loan they are often presented with the option of using an adjustable rate mortgage. An adjustable rate mortgage (also known as an ARM) can be a great way to buy a home but it can also be a horrible mistake that can lead to foreclosure or even bankruptcy. The difference between joy and disaster is often in the mortgage contract itself.
When consumers hear the term "adjustable rate mortgage" they should understand that this is a very broad term indeed, and that it can mean many things. There are, literally, dozens of varieties of ARM's available to home shoppers, and knowing the good ones from the bad ones should be a home buyer's first concern.
In general, an adjustable rate mortgage begins with a set rate of interest for a specific length of time. This first rate is usually lower than what consumers can find in the fixed rate market at the same time. This lower rate is the inducement to take the ARM over the fixed rate products.
At some point in time, and this will be spelled out in the contract, the lower rate will be adjusted. The adjustment can go up or down, but normally goes up, as you might expect. The factors that determine how much the rate goes up (or down) are many and vary from one lender to another. They also vary depending on the level of the mortgage. In other words, an adjustable rate mortgage that is also considered a sub-prime loan may have a huge increase in rate (along with increases in fees and service charges) which can make the new monthly payment difficult to pay.
Prime loans, on the other hand, which are more traditional in nature and are considered less risky by lenders, usually have caps on the amount of increase that is allowable for any one increase. This helps home owners (at least to some degree) to better understand what the max payment might be for their home at any given time in the future. In a very real sense it voids the "sky is the limit" possibility.
The only way to know if a particular adjustable rate mortgage is right for you and your budget is to sit down and read the contract slowly and carefully. You may notice some odd-looking numbers such as 1/3, 2/7, or 1/10. The actual numbers you see may vary according to the contract you are looking at, but, in essence, they mean that the introductory interest rate will last for the first number in the term. In the case of 1/3, that means that for one year you pay the lower interest rate and an adjustment takes places and will continue to take place every three years afterward. A 2/7 would mean you get the first rate for two years, then an adjustment takes place and another adjustment will take place every seven years after.
An adjustable rate mortgage can be confusing even for the most intelligent of people. If you have any questions about the contract you should ask the lender or an attorney that you trust. The time to have these questions cleared up is before you sign the contract.
2008-12-06
Advantages and Disadvantages For Internet Banking
Advantages and Disadvantages For Internet Banking
If you belong to the generation that feeds on technology then Internet banking shouldn't at all be an issue for you. The Internet for you is the place to get things done quickly without actually going out. Banking is one of these things. For those who are a bit older, the concept of not interfacing with a human inside the bank will be a bitter pill to swallow. They still are yet to be convinced so it is necessary to weigh the advantages and disadvantages for Internet banking.
Apprehensive people know about the many wonders of the Internet and they have heard so much about Internet banking but they are still paying their bills by mail and depositing checks at their branch.
Many people are already using the Internet to shop for items, or even financial packages for mortgages and loans but when it's time to finalize, they still opt to go to the office of the company they chose and seal things with an agent.
Before comparing the advantages and disadvantages for Internet banking, let us first define the concept so others who do not know yet can have an idea.
The What and Who in online banking
When the Internet started to become very popular and computers began to become more and more advanced, many businesses started to shift their attention to the trend and established their online presence. This same trend also started to reshape the banking industry.
In the past, banks used computers to automate their daily transactions. These days, there hardly is any paper work at all since everything is done online via the bank's network system. The only thing that serves as a transaction record is the receipt a shopper gets when she's at the POS of her favorite boutique.
For banks, their Internet presence is a value-added service for existing and new customers.
Online banking goes by so many other names like PC banking, home banking, electronic banking, or Internet banking.
The first ones to test the waters were the large national banks. Soon, regional banks, smaller banks, financial companies, and credit unions joined in and implemented their own electronic banking system based on the Internet. These institutions that have expanded to online have since then referred to as brick-to-click banks as opposed to brick-and-mortar banks. The latter refers to those, which are yet to offer online banking o their customers.
Aside from the brick-to-clicks, there are "virtual" banks that have emerged. These are banks that do not have physical offices or branches, and any tellers or agents. These banks exist only in cyberspace but they still are covered by the same federal regulations that cover the ordinary banks.
Nowadays, the large banks have sites that provide fully secured and fully functioning online banking services that give their customers ultimate convenience. The smaller ones which are a bit more cautious to go full circle offer access to limited banking services like viewing of account balance and history viewing only.
The more banks that go online and succeed in making their services secured, the more that people will have lesser doubts about the advantages and disadvantages for Internet banking.
From:http://www.articlesbase.com/finance-articles/advantages-and-disadvantages-for-internet-banking-554273.html
If you belong to the generation that feeds on technology then Internet banking shouldn't at all be an issue for you. The Internet for you is the place to get things done quickly without actually going out. Banking is one of these things. For those who are a bit older, the concept of not interfacing with a human inside the bank will be a bitter pill to swallow. They still are yet to be convinced so it is necessary to weigh the advantages and disadvantages for Internet banking.
Apprehensive people know about the many wonders of the Internet and they have heard so much about Internet banking but they are still paying their bills by mail and depositing checks at their branch.
Many people are already using the Internet to shop for items, or even financial packages for mortgages and loans but when it's time to finalize, they still opt to go to the office of the company they chose and seal things with an agent.
Before comparing the advantages and disadvantages for Internet banking, let us first define the concept so others who do not know yet can have an idea.
The What and Who in online banking
When the Internet started to become very popular and computers began to become more and more advanced, many businesses started to shift their attention to the trend and established their online presence. This same trend also started to reshape the banking industry.
In the past, banks used computers to automate their daily transactions. These days, there hardly is any paper work at all since everything is done online via the bank's network system. The only thing that serves as a transaction record is the receipt a shopper gets when she's at the POS of her favorite boutique.
For banks, their Internet presence is a value-added service for existing and new customers.
Online banking goes by so many other names like PC banking, home banking, electronic banking, or Internet banking.
The first ones to test the waters were the large national banks. Soon, regional banks, smaller banks, financial companies, and credit unions joined in and implemented their own electronic banking system based on the Internet. These institutions that have expanded to online have since then referred to as brick-to-click banks as opposed to brick-and-mortar banks. The latter refers to those, which are yet to offer online banking o their customers.
Aside from the brick-to-clicks, there are "virtual" banks that have emerged. These are banks that do not have physical offices or branches, and any tellers or agents. These banks exist only in cyberspace but they still are covered by the same federal regulations that cover the ordinary banks.
Nowadays, the large banks have sites that provide fully secured and fully functioning online banking services that give their customers ultimate convenience. The smaller ones which are a bit more cautious to go full circle offer access to limited banking services like viewing of account balance and history viewing only.
The more banks that go online and succeed in making their services secured, the more that people will have lesser doubts about the advantages and disadvantages for Internet banking.
From:http://www.articlesbase.com/finance-articles/advantages-and-disadvantages-for-internet-banking-554273.html
2008-12-05
Analyzing the Forex Market With Tools
The foreign exchange market is used for buying and selling currencies. Naturally with so many currencies in one market, there is bound to be confusion. Tools are the devices that are used to analyze the market which makes the buying and selling of the currencies an easy process. These tools are generally software packages that help to make the trade easier.
While trading at the FOREX, the current market rates are not enough to make a wise decision. The trader would want to know about the performance of the currency in the past, as well as the political and economic conditions in that country which could affect the prevailing prices. Tools provide all these information. The software packages present on brokers?? websites are the most important tools as they can provide up-to-the-minute updated information.
Knowing about the current scenario about the currency in question will help the trader to assess whether the currency will rise or fall in the future. A wise trader could make a tidy profit just by entering and exiting at the right time and thus making proper use of the fluctuations of the currencies.
Trading at the FOREX could be either restrictive or speculative. Restrictive trading is that which is affected by the changes in the political or the economic conditions of the country. It is a more direct approach of trading, which can be used by amateur traders also. But in speculative trading, decisions are made on the basis of what the investor feels about the fluctuation of the currency in the future. It takes into account the current events and decides how the market will be influenced by those in the future. Hence speculative trading is a more difficult type of trading, and one that is best used by professional traders.
Even among analyses of the market, there are two types ?C fundamental and technical. The fundamental analysis depends on the current situations of the market such as the political conditions, economic policies, trade patterns, interest rates and unemployment rates. Technical analysis works on a broader spectrum. It takes into consideration all the historical changes that have taken place over time and how they have influenced the currencies. With tools, both these kinds of information are available. Brokers would provide real time news updates at streaming rates for their customers. A more sophisticated tool is the Risk Probability Calculator which helps to find out trades which have better potentials in comparison with others. Such calculators can also indicate when exiting the trade would make the best sense.
When the trader has this information at hand, they will be able to make a proper decision as to which currency will be the best investment going by current standards. Hence tools help to minimize the risks and maximize the profits.
Along with all the tools, pivot points must be given a special mention. These are the average of the high, low and closing prices of the currencies. Tools that use pivot point calculators can tell when the prices would fall in the normal trading range, and when they would go in the extreme trading ranges. Similarly, pip value calculators can help to determine the smallest value of the pip in different sized lots. Pip calculators can also let the trader know what the profit or loss would be for the specific rise or fall of the currency in the FOREX.
Tools are generally made available to the traders by the brokers with whom they sign up. Access to the tools is through a login and password that the broker would provide. Common inputs are the amount of trade and the amount that can be risked. After putting in these values, the tool would automatically calculate a value for the stop loss order. If the trader decides to go ahead with a particular trade, then confirmation is required. The quoted price can be frozen to prevent any slippage. Once the rate is accepted, the deal is underway.
Like the stop loss rate, the take profit rate can also be decided by the tool. This allows the sale of a currency when it reaches a specified level. A trader can choose not to use these orders and go ahead with the sale according to their own discretions of mind.
From:http://www.articlesbase.com/finance-articles/analyzing-the-forex-market-with-tools-246649.html
While trading at the FOREX, the current market rates are not enough to make a wise decision. The trader would want to know about the performance of the currency in the past, as well as the political and economic conditions in that country which could affect the prevailing prices. Tools provide all these information. The software packages present on brokers?? websites are the most important tools as they can provide up-to-the-minute updated information.
Knowing about the current scenario about the currency in question will help the trader to assess whether the currency will rise or fall in the future. A wise trader could make a tidy profit just by entering and exiting at the right time and thus making proper use of the fluctuations of the currencies.
Trading at the FOREX could be either restrictive or speculative. Restrictive trading is that which is affected by the changes in the political or the economic conditions of the country. It is a more direct approach of trading, which can be used by amateur traders also. But in speculative trading, decisions are made on the basis of what the investor feels about the fluctuation of the currency in the future. It takes into account the current events and decides how the market will be influenced by those in the future. Hence speculative trading is a more difficult type of trading, and one that is best used by professional traders.
Even among analyses of the market, there are two types ?C fundamental and technical. The fundamental analysis depends on the current situations of the market such as the political conditions, economic policies, trade patterns, interest rates and unemployment rates. Technical analysis works on a broader spectrum. It takes into consideration all the historical changes that have taken place over time and how they have influenced the currencies. With tools, both these kinds of information are available. Brokers would provide real time news updates at streaming rates for their customers. A more sophisticated tool is the Risk Probability Calculator which helps to find out trades which have better potentials in comparison with others. Such calculators can also indicate when exiting the trade would make the best sense.
When the trader has this information at hand, they will be able to make a proper decision as to which currency will be the best investment going by current standards. Hence tools help to minimize the risks and maximize the profits.
Along with all the tools, pivot points must be given a special mention. These are the average of the high, low and closing prices of the currencies. Tools that use pivot point calculators can tell when the prices would fall in the normal trading range, and when they would go in the extreme trading ranges. Similarly, pip value calculators can help to determine the smallest value of the pip in different sized lots. Pip calculators can also let the trader know what the profit or loss would be for the specific rise or fall of the currency in the FOREX.
Tools are generally made available to the traders by the brokers with whom they sign up. Access to the tools is through a login and password that the broker would provide. Common inputs are the amount of trade and the amount that can be risked. After putting in these values, the tool would automatically calculate a value for the stop loss order. If the trader decides to go ahead with a particular trade, then confirmation is required. The quoted price can be frozen to prevent any slippage. Once the rate is accepted, the deal is underway.
Like the stop loss rate, the take profit rate can also be decided by the tool. This allows the sale of a currency when it reaches a specified level. A trader can choose not to use these orders and go ahead with the sale according to their own discretions of mind.
From:http://www.articlesbase.com/finance-articles/analyzing-the-forex-market-with-tools-246649.html
2008-12-04
5 Things Debt Settlement Companies Are Not Telling You
Credit Card Debt
Credit card debt relief is a burgeoning business and credit card debt relief companies are throwing a lifeline for those battling with insurmountable credit card debts. You may do your own credit card debt settlement if you have the time and energy to do all the planning and the credit card debt negotiation. If not, get a professional to do the grunt work.
Getting professional help from a credit card debt relief company may cost, but you no longer have to worry about haggling and negotiating with credit card companies. A credit card debt settlement expert does the job effectively since their company has a working relationship with credit card companies and has insider information on the industry's trade secrets.
What You Should Know
But before you eagerly knock on the doors of credit card debt relief companies, know what you are putting up with because not all credit card debt settlement companies are going to reveal their dirty secrets. Here are the shocking truths:
You will pay hundreds of dollars to set up an account and a monthly fee. Where does the money go? Not to your creditors. Your money goes to a trust fund put up by the credit card debt relief agency while your credit payment is put on hold.
Nothing goes to the payment of your credit card debts until the fourth month. All along, you will be depositing money the bank to pay off your credit card debts in one big lump sum and at the same time pay a monthly fee to the debt settlement company!
The credit card debt relief group will not stop the companies from leveling interest rates on your existing credit account. Imagine how much interest rates can accrue until you have "saved" enough money to pay your debts. You will be worse off than before.
You can still be sued by credit card companies because while the credit card debt negotiation is on, interests rates will continue to accrue, and some companies won't be waiting three years to see your money.
If you opt out of the credit card debt negotiation program, you will not be getting back the sign up fee or administrative fee; that is money down the drain already.
When signing up with a credit card debt relief program, do not hesitate to check the company's record with the Better Business Bureau. Question the credit card debt relief company upfront and if you suspect you are not getting clear answers, back off.
Questions to Ask
To protect yourself against fraudulent credit card debt relief practices, ask the right question. These examples may guide you:
Ask the credit card debt relief company if during the negotiations, the credit card companies will immediately stop charging interests on your account.
Ask how long the creditors are willing to wait and calculate your monthly payments to the trust account. You will get an idea how much is pocketed by the credit debt card relief company.
When it comes to selecting a credit card debt relief company, be alert to the things they will not tell you.
Credit card debt relief is a burgeoning business and credit card debt relief companies are throwing a lifeline for those battling with insurmountable credit card debts. You may do your own credit card debt settlement if you have the time and energy to do all the planning and the credit card debt negotiation. If not, get a professional to do the grunt work.
Getting professional help from a credit card debt relief company may cost, but you no longer have to worry about haggling and negotiating with credit card companies. A credit card debt settlement expert does the job effectively since their company has a working relationship with credit card companies and has insider information on the industry's trade secrets.
What You Should Know
But before you eagerly knock on the doors of credit card debt relief companies, know what you are putting up with because not all credit card debt settlement companies are going to reveal their dirty secrets. Here are the shocking truths:
You will pay hundreds of dollars to set up an account and a monthly fee. Where does the money go? Not to your creditors. Your money goes to a trust fund put up by the credit card debt relief agency while your credit payment is put on hold.
Nothing goes to the payment of your credit card debts until the fourth month. All along, you will be depositing money the bank to pay off your credit card debts in one big lump sum and at the same time pay a monthly fee to the debt settlement company!
The credit card debt relief group will not stop the companies from leveling interest rates on your existing credit account. Imagine how much interest rates can accrue until you have "saved" enough money to pay your debts. You will be worse off than before.
You can still be sued by credit card companies because while the credit card debt negotiation is on, interests rates will continue to accrue, and some companies won't be waiting three years to see your money.
If you opt out of the credit card debt negotiation program, you will not be getting back the sign up fee or administrative fee; that is money down the drain already.
When signing up with a credit card debt relief program, do not hesitate to check the company's record with the Better Business Bureau. Question the credit card debt relief company upfront and if you suspect you are not getting clear answers, back off.
Questions to Ask
To protect yourself against fraudulent credit card debt relief practices, ask the right question. These examples may guide you:
Ask the credit card debt relief company if during the negotiations, the credit card companies will immediately stop charging interests on your account.
Ask how long the creditors are willing to wait and calculate your monthly payments to the trust account. You will get an idea how much is pocketed by the credit debt card relief company.
When it comes to selecting a credit card debt relief company, be alert to the things they will not tell you.
A Guide to Basic Loan Terms
A Guide to Basic Loan Terms
A Guide to Business Insurance
A Guide to Career Development Loans
A Guide to Charge Cards
A Guide to Cheap Loans Online
A Guide to Contents Insurance
A Guide to Emergency Cash Loans and Payday Loans
A Guide to Equity Loan Mortgage Refinance
A Guide to Finding a Debt Consolidation Lender!
A Guide to Homeowner Loans
A Guide To House Repossession
A Guide to Liquidation
A Guide To Loan Payment Protection Insurance
A Guide to Low Cost Loans
A Guide to Low Cost Secured Loans
A Guide to Offshore Banking
A Guide to Payday Loan Reviews
A Guide to Paying Back a Student Loan
A Guide to Personal Loans
A Guide to Property and Attractions in Languedoc Roussillon
A Guide To Stepped Mortgages
A Guide to Student Consolidation Loans
A Guide to Student Loan Consolidation
A Guide To Student Loan Services
A Guide to UK Pension Schemes
A Guide To Understanding Whole Life Insurance
A Guide to Unsecured Business Loans
A Guide to Using the Equity in Your Home
A Health Savings Account Primer
A History of Money and Banking Secrets That Banks Don't Want Published
A History of Mortgages
A History of Trading
A Home Away From Home – Melbourne Apartments
A Homeowner Consolidation Loan Could Ease Financial Difficulties
A Homeowner Loan is Perfect for Debt Consolidation
A Hospital Finds Best Funding Solution Through Trial and Error
A House Divided: Preserving Your Estate from Nursing Home Cost
A House for Rent Surprise
A House of Cards: Part 1
A How-to Approach to Getting Bad Credit Unsecured Credit Cards
A Killer Forex Strategy: Three Ways to Make Consistent Profits From the Forex Markets
A Lady Gets A Cheap Car Insurance Quote?
A Laymans Guide to Buy to Let Mortgages
A Leader in Debt Consolidation and Secure Loans Northern Rock Influencing Policy Makers
A Lesson In Money Management
A Lesson on How to Handle your Coins
A List Of Great Fundraising Ideas
A Little Goes a Long Way: Smart Secrets to Budgeting
A Little Goes a Long Way: Smart Secrets to Budgeting
A Little History of the Forex Market
A Little Hope for the Festive Season After a Turbulent Storm
A Loan Can Give You A Hand Up
A Loan Leading to ‘no Loan Situation’
A Look at Coin Collectors Passion With Bank Rolls
A Look At Debt Relief
A Look At Some Important Stock Market Basics
A Look at the Advantages of Secured Loan
A Look At The Billionaires Who Made Their Money Because Of The Internet
A Look at the Coin Grading Services Available in America
A Look at the Future of the Housing Market
A Look At The Types Of Student Credit Cards
A Look at the World of Economics
A Look Back At Forex Trading - 3/23/06
A Look Back At Forex Trading - 3/24/06
A Look Back At Forex Trading - 3/27/06
A Look Back At Forex Trading - 3/28/06
A Look Back At Forex Trading - 4/04/06
A Look Back At Forex Trading - 4/10/06
A Look Back At Forex Trading - 4/11/2006
A Look Back At Forex Trading - 4/13/06
A Look Back At Forex Trading - 4/18/06
A Look Back At Forex Trading - 4/19/06
A Look Back At Forex Trading - 4/25/06
A Look Back At Forex Trading - 4/27/06
A Look Back At Forex Trading - 4/28/06
A Look Back At Forex Trading - 4/3/06
A Look Back At Forex Trading - 4/5/06
A Look Back At Forex Trading - 4/7/06
A Look Back At Forex Trading - 5/8/06
A Look Into The Process of Filing Chapter 7 And 13 Bankruptcy
A Looooong, Looooong Way...(Why Network Marketing Will Always Work)
A Low Cost Secured Loan Can Be Found Online
A Low Debt Consolidation Loan Rate - Save Money When You Have Unexpected Expenses
A Low Interest Debt Consolidation Loan: Take Care Of Your Family While Reducing Your Debt
A Low Interest Debt Consolidation Loan When Your Credit Card Interest Is Too High
A Major Concern for Business Sellers - What Happens to My Employees
A Man Who Turned a $15,000 Stock Account INTO $3,296,000 Million AND WHAT I Learned From It
A Matter of Money
A Mixed Bag of Forex Reviews and Forex Killer Review
A Mobile Home Can Mend Your Broken Heart In South Florida, Refinance Your Move
A Mortgage Protection Quote Is Cheaper Online
A Mortgage Protection Quote is Cheaper With a Standalone Provider
A Mortgage Protection Quote is Cheaper With an Independent Provider
A New "Booming" Market Opportunity
A New Category of Loans for Those With Bad Credit
A new Exchange Traded Fund Offers Entry into an Industry Most Investors Don't Know Even Exists
A New Take on Bank Home Foreclosures
A New Trader's Journey to Success
A New Twist to Fundraising for your Organization
A New World of Online Money Transfer Services!!!
A Nuclear Power Plant May Be Next for New Mexico
A Payday Loan From The Wrong Company Can Intensify Your Troubles
A Plan To Repair Your Credit - Part 2
A Plan To Repair Your Credit - Part 4
A Popular Online Credit Card Choice is Paypal
A Primer on Applying For Student Grants
A Private Student Loan is a Good Alternative to Fund your Education
A Professional Banking Consultant Can Help
A Profitable Trading Method In Detail - Part I
A Property Development Mortgage Can Work Out Cheaper If Taken Through A Broker
A Quick Cash Sale of your House Can be Easy and Hassle-free
A Quick Guide to Getting the Right Home Insurance
A Quick Guide to Mortgages
A Quick Guide to Remortgage
A Quick Guide To The Available Cheapest Secured Loans
A Quick Introduction To California Health Insurance And Pre-existing Conditions, Waiting Periods, And Exclusions
A Quick Overview Of The Economy Of China
A Quick Review of the Emigrant Direct Savings Account
A Quick Review of the HSBC Direct Savings Account
A Quick Review of the ING Direct Orange Savings Account
A Rational Approach to Making Money in Forex Trade
A Real Estate Investing Primer
A Reverse Mortgage For Your San Diego Property
A Review of Golden Investment Programs
A Review of 'home Foreclosure Survival Tactics' - Home Foreclosure Advice
A Review of Knowledge Bank 24
A Review of Learn to Invest Money
A Review of Sports Betting Profits
A Review of Tax Lien Investment Secrets
A Review of Tax Lien Riches
A Review of the Balay System
A Review of the Betting Investment System
A Review of the Creating Wealth Without Risk Program
A Review of the Creative Real Estate System
A Review of the Expert Flexi Grid Forex Trading System
A Review of the Forex Power Strategy
A Review of the Microcap Millionaires
A Review of the Racing Investment Formula
A Review of the Stock Market Code
A Review of the Strauss Heart Drops Income Opportunity
A Review of the Street Smart Forex Trading System
A Review of the Tax Sale Wealth Home Study Course
A Review of the Trend Lines Forex
A Royal Road to Frugal Living
A Sample Option Trading Strategy
A Savings Account Can Save Your Home
A Savvy Credit Card User
A Secured Credit Card Analysis
A Secured Loan Needs Very Careful Consideration
A Self-help Guide on UK Credit Cards
A Short Explanation Of "Buying" and "Selling" In Forex Trading.
A Short Guide To Buying A Property In Spain
A Short Guide To Online Unsecured And Online Secured Loans
A Short History of the Credit Card
A Short Introduction to Fibonacci Forex Trading
A Sign Of The Times...
A Simple 5-step Trading Plan
A Simple Introduction To Filing Electronic Taxes
A Simple Online Forex Trading Guide
A Simple Path To Purchasing Term Life Insurance
A Simple Solution To Getting Cash When There Is Nowhere To Turn
A Simple Way to Cut Your Monthly Expenses
A Slice Of Success: Ways On How To Succeed In Real Estate Business
A Soft Housing Market: Fabric Structures in Residential Applications
A Specialist Can Find Bad Credit Rating Loans Quickly
A Stake In The Future For Older People.
A Step by Step Guide to Managing Money and Creating a Budget
A Stock Market Timing Secret Revealed
A Student Loan Consolidation Rate Means Lower Monthly Payments
A Student Loan Glossary Broken Down
A Students Guide To Federal Grants
A Successful Real Estate Referral Marketing Strategy
"A Sucker Born Every Minute": Avoid These Debt Consolidation Scams
A Summary Of Popular Insurance Options
A Sunny California Refinance Home Mortgage
A To Z Of Credit Card Processing
A Trading Psychology Lesson From a Nine Year Old
A Traditional Program Of Sound Investments
A Unique Solution For Equipment Leasing And Financing
A Variety Of Finance Options For Today's Florida Home Buyer
A way of winnig huge profits.
A Weight Off Your Shoulders
A Well-written Hardship Letter is Pivotal for Short Sale Success
Abandoned Properties: a New Opportunity - Part I
Abandoned Properties: Locating the Owners Part II
Abbey Military Loan- Easing the Lives of Military Personnel
ABC of Secured Debt Consolidation Loans
ABN AMRO Mortgage - A Dependable Company For Your Mortgage Needs
About 0% APR Credit Cards
About Basic Bank Accounts
About Bulk Reo Packages Sales
About Buy To Let Mortgages
The Article was not found...
About Debt Consolidation And Consumer Counseling Help
About Dormant Bank Accounts
About Employment Insurance
About High-Deductible Health Plans
About Reverse Mortgage
About Sports Affinity Credit Cards
About Technology Transfer Legislation
About the Credit Card Industry
About the Financial Services Authority
Abuse of Bank Charges, is This Legalised Robbery?
Accelerate your Business With Accounting Help
Accept Credit Card Online Payments to Gain Clients
Accept Credit Cards On your Website
Accept Credit Cards Quickly and Easily With Merchant-accounts.com
Accepting Credit Cards Directly Versus Paypal Only Option
Accepting Credit Cards Online: Easy, Cheap and Necessary
Accessing Information About Tax Services
Accessing Personal Finance Tools
Accident Claims Solicitors in the UK
Accident Compensation Claims
Accident Sickness Insurance For Peace of Mind Financially
Accident Sickness Insurance Saves Financial Difficulty
Accident Sickness Redundancy Insurance Could be Your Saviour
Accident Sickness Redundancy Insurance - Protection Against a Lost Income
Accident Sickness Unemployment Insurance For Peace of Mind Against Income Loss
Accident Sickness Unemployment Insurance or ASU Insurance
Accidental Damage Cover - An Important Part Of Your Home Contents Insurance
Accidents Can Happen: Are You Prepared?
Accomplish Your Financial Goals
According to Halifax Research Terraced Houses Triple in Price
Account Receivable Credit Line Provides Instant Capital for Your Business
Account Receivable Factoring Provides Needed Working Capital
Account Receivable Funding Is Important To Your Businesses Success
Account Receivables Factoring Secures Immediate Working Capital
Accounting and Audit Exemptions for Small Companies in the UK
Accounting for Dividend Tax Credit and Income Tax on Dividends
Accounting for Profit With Marginal Costing
Accounting Information System
Accounting New York: the Apt Contrivance to Growth and Success
Accounting Outsourcing in India Can Take your Company Places
Accounting Outsourcing in India: Economical Business Assistance
Accounting Outsourcing Services Are Meant to Help you
Accounting Outsourcing Services Can Help in Resource Optimization
Accounting Outsourcing Services Take your Firm to the Next Level
Accounting Outsourcing Services Takes you Out of the Workload Tangle
Accounting Outsourcing Services-keep a Track of your Account
Accounting Outsourcing Takes you a Step Ahead
Accounting Periods and Basis Periods for Self Employed Business
Accounts For Online Trading
Accounts Payable Financing Should Be Used By Your Business
Accounts Receivable Financing And The Trucking Industry
Accounts Receivable Financing and Your Small Business
Accounts Receivable Financing- be Inspired!
Accounts Receivable Financing- Bueno!
Accounts Receivable Financing- Cleantech
Accounts Receivable Financing Could Be the Key to Your Success
Accounts Receivable Financing- Don’t Worry, be Happy
Accounts Receivable Financing For the Transport Industry
Accounts Receivable Financing- Fuel your Growth
Accounts Receivable Financing- Great Ways to Increase Profits
Accounts Receivable Financing- Hot
Accounts Receivable Financing- How to Use Other People’s Money to Finance your Growth
Accounts Receivable Financing In The Medical Industry
Accounts Receivable Financing In The Transport Industry
Accounts Receivable Financing Simplified
Accounts Receivable Financing- the Fine Art of Happiness
Accounts Receivable Financing- the Weight
Accounts Receivable Financing- Think Differently!
Accounts Receivable Financing- Work
Accounts Receivable Financing- Yesterday
Accounts Receivable Funding Can Turn That Balance Sheet From Red to Black Quickly
Accumulating Credit Card Points In Exchange For Travel Miles
Ace Cash Advance – Easy Source for Quick Money
Achieve Your Freedom From Debt
Achieving Financial Security Young
Achieving Maximum Success In Forex Trading
Achieving Success In Oil
Acquiring A Good Knowledge Of Forex
Acquiring An Adverse Credit Mortgage
Active Duty Loan Military - Military Loans For Service Personnel
Active Retirment Communities in South America
Add Extra Living Space to your Home With Unsecured Home Improvement Loan
Additional Credit Card Options: Secured Cards, Debit Cards, And Prepaid Cards
Adjustable Rate Mortgage - Salvation Or Financial Trap
Adjustable Rate Mortgage Snafu
Adjustable Rate Mortgages
Adjustable Rate Mortgages – How They Work
Adjustable Rate Mortgages ? Not A Good Idea ...
Adjustable Rate Mortgages vs. Fixed Rate Mortgages
Administrative Loans
Admitting You Have Debt Problems Is The First Step
Adopt Proven Savings Strategies
Adult ADD: Battle Of The Bucks
Adult Add: Will You Make Money?
Advance Cash Loan Military - Cash Advance Loans For Servicemen
Advance Cash Payday Loan - a Quick Cash Advance in Times of Need
Advance Cash Payday Loan Online: the Internet Does it for You!
Advance Cash Payday Loan Online: the Internet Does it for You!
Advance Payday Cash Loans
Advance Payday Loan: Meet your Short-term Urgent Financial Needs
Advance Payday Loan Online: Now No Need to Wait for your Payday
Advance Your Life Financially With Small Changes
Advanced Sales Tips for Real Estate Agents During a Slow Market
Advanced Tips To Applying And Repaying A Payday Loan
Advancements in Courier Insurance
Advances in Technology Making Coalbed Methane Exploration More Effective
Advanta Business Credit Cards: is Advanta Right for Your Business?
A Guide to Business Insurance
A Guide to Career Development Loans
A Guide to Charge Cards
A Guide to Cheap Loans Online
A Guide to Contents Insurance
A Guide to Emergency Cash Loans and Payday Loans
A Guide to Equity Loan Mortgage Refinance
A Guide to Finding a Debt Consolidation Lender!
A Guide to Homeowner Loans
A Guide To House Repossession
A Guide to Liquidation
A Guide To Loan Payment Protection Insurance
A Guide to Low Cost Loans
A Guide to Low Cost Secured Loans
A Guide to Offshore Banking
A Guide to Payday Loan Reviews
A Guide to Paying Back a Student Loan
A Guide to Personal Loans
A Guide to Property and Attractions in Languedoc Roussillon
A Guide To Stepped Mortgages
A Guide to Student Consolidation Loans
A Guide to Student Loan Consolidation
A Guide To Student Loan Services
A Guide to UK Pension Schemes
A Guide To Understanding Whole Life Insurance
A Guide to Unsecured Business Loans
A Guide to Using the Equity in Your Home
A Health Savings Account Primer
A History of Money and Banking Secrets That Banks Don't Want Published
A History of Mortgages
A History of Trading
A Home Away From Home – Melbourne Apartments
A Homeowner Consolidation Loan Could Ease Financial Difficulties
A Homeowner Loan is Perfect for Debt Consolidation
A Hospital Finds Best Funding Solution Through Trial and Error
A House Divided: Preserving Your Estate from Nursing Home Cost
A House for Rent Surprise
A House of Cards: Part 1
A How-to Approach to Getting Bad Credit Unsecured Credit Cards
A Killer Forex Strategy: Three Ways to Make Consistent Profits From the Forex Markets
A Lady Gets A Cheap Car Insurance Quote?
A Laymans Guide to Buy to Let Mortgages
A Leader in Debt Consolidation and Secure Loans Northern Rock Influencing Policy Makers
A Lesson In Money Management
A Lesson on How to Handle your Coins
A List Of Great Fundraising Ideas
A Little Goes a Long Way: Smart Secrets to Budgeting
A Little Goes a Long Way: Smart Secrets to Budgeting
A Little History of the Forex Market
A Little Hope for the Festive Season After a Turbulent Storm
A Loan Can Give You A Hand Up
A Loan Leading to ‘no Loan Situation’
A Look at Coin Collectors Passion With Bank Rolls
A Look At Debt Relief
A Look At Some Important Stock Market Basics
A Look at the Advantages of Secured Loan
A Look At The Billionaires Who Made Their Money Because Of The Internet
A Look at the Coin Grading Services Available in America
A Look at the Future of the Housing Market
A Look At The Types Of Student Credit Cards
A Look at the World of Economics
A Look Back At Forex Trading - 3/23/06
A Look Back At Forex Trading - 3/24/06
A Look Back At Forex Trading - 3/27/06
A Look Back At Forex Trading - 3/28/06
A Look Back At Forex Trading - 4/04/06
A Look Back At Forex Trading - 4/10/06
A Look Back At Forex Trading - 4/11/2006
A Look Back At Forex Trading - 4/13/06
A Look Back At Forex Trading - 4/18/06
A Look Back At Forex Trading - 4/19/06
A Look Back At Forex Trading - 4/25/06
A Look Back At Forex Trading - 4/27/06
A Look Back At Forex Trading - 4/28/06
A Look Back At Forex Trading - 4/3/06
A Look Back At Forex Trading - 4/5/06
A Look Back At Forex Trading - 4/7/06
A Look Back At Forex Trading - 5/8/06
A Look Into The Process of Filing Chapter 7 And 13 Bankruptcy
A Looooong, Looooong Way...(Why Network Marketing Will Always Work)
A Low Cost Secured Loan Can Be Found Online
A Low Debt Consolidation Loan Rate - Save Money When You Have Unexpected Expenses
A Low Interest Debt Consolidation Loan: Take Care Of Your Family While Reducing Your Debt
A Low Interest Debt Consolidation Loan When Your Credit Card Interest Is Too High
A Major Concern for Business Sellers - What Happens to My Employees
A Man Who Turned a $15,000 Stock Account INTO $3,296,000 Million AND WHAT I Learned From It
A Matter of Money
A Mixed Bag of Forex Reviews and Forex Killer Review
A Mobile Home Can Mend Your Broken Heart In South Florida, Refinance Your Move
A Mortgage Protection Quote Is Cheaper Online
A Mortgage Protection Quote is Cheaper With a Standalone Provider
A Mortgage Protection Quote is Cheaper With an Independent Provider
A New "Booming" Market Opportunity
A New Category of Loans for Those With Bad Credit
A new Exchange Traded Fund Offers Entry into an Industry Most Investors Don't Know Even Exists
A New Take on Bank Home Foreclosures
A New Trader's Journey to Success
A New Twist to Fundraising for your Organization
A New World of Online Money Transfer Services!!!
A Nuclear Power Plant May Be Next for New Mexico
A Payday Loan From The Wrong Company Can Intensify Your Troubles
A Plan To Repair Your Credit - Part 2
A Plan To Repair Your Credit - Part 4
A Popular Online Credit Card Choice is Paypal
A Primer on Applying For Student Grants
A Private Student Loan is a Good Alternative to Fund your Education
A Professional Banking Consultant Can Help
A Profitable Trading Method In Detail - Part I
A Property Development Mortgage Can Work Out Cheaper If Taken Through A Broker
A Quick Cash Sale of your House Can be Easy and Hassle-free
A Quick Guide to Getting the Right Home Insurance
A Quick Guide to Mortgages
A Quick Guide to Remortgage
A Quick Guide To The Available Cheapest Secured Loans
A Quick Introduction To California Health Insurance And Pre-existing Conditions, Waiting Periods, And Exclusions
A Quick Overview Of The Economy Of China
A Quick Review of the Emigrant Direct Savings Account
A Quick Review of the HSBC Direct Savings Account
A Quick Review of the ING Direct Orange Savings Account
A Rational Approach to Making Money in Forex Trade
A Real Estate Investing Primer
A Reverse Mortgage For Your San Diego Property
A Review of Golden Investment Programs
A Review of 'home Foreclosure Survival Tactics' - Home Foreclosure Advice
A Review of Knowledge Bank 24
A Review of Learn to Invest Money
A Review of Sports Betting Profits
A Review of Tax Lien Investment Secrets
A Review of Tax Lien Riches
A Review of the Balay System
A Review of the Betting Investment System
A Review of the Creating Wealth Without Risk Program
A Review of the Creative Real Estate System
A Review of the Expert Flexi Grid Forex Trading System
A Review of the Forex Power Strategy
A Review of the Microcap Millionaires
A Review of the Racing Investment Formula
A Review of the Stock Market Code
A Review of the Strauss Heart Drops Income Opportunity
A Review of the Street Smart Forex Trading System
A Review of the Tax Sale Wealth Home Study Course
A Review of the Trend Lines Forex
A Royal Road to Frugal Living
A Sample Option Trading Strategy
A Savings Account Can Save Your Home
A Savvy Credit Card User
A Secured Credit Card Analysis
A Secured Loan Needs Very Careful Consideration
A Self-help Guide on UK Credit Cards
A Short Explanation Of "Buying" and "Selling" In Forex Trading.
A Short Guide To Buying A Property In Spain
A Short Guide To Online Unsecured And Online Secured Loans
A Short History of the Credit Card
A Short Introduction to Fibonacci Forex Trading
A Sign Of The Times...
A Simple 5-step Trading Plan
A Simple Introduction To Filing Electronic Taxes
A Simple Online Forex Trading Guide
A Simple Path To Purchasing Term Life Insurance
A Simple Solution To Getting Cash When There Is Nowhere To Turn
A Simple Way to Cut Your Monthly Expenses
A Slice Of Success: Ways On How To Succeed In Real Estate Business
A Soft Housing Market: Fabric Structures in Residential Applications
A Specialist Can Find Bad Credit Rating Loans Quickly
A Stake In The Future For Older People.
A Step by Step Guide to Managing Money and Creating a Budget
A Stock Market Timing Secret Revealed
A Student Loan Consolidation Rate Means Lower Monthly Payments
A Student Loan Glossary Broken Down
A Students Guide To Federal Grants
A Successful Real Estate Referral Marketing Strategy
"A Sucker Born Every Minute": Avoid These Debt Consolidation Scams
A Summary Of Popular Insurance Options
A Sunny California Refinance Home Mortgage
A To Z Of Credit Card Processing
A Trading Psychology Lesson From a Nine Year Old
A Traditional Program Of Sound Investments
A Unique Solution For Equipment Leasing And Financing
A Variety Of Finance Options For Today's Florida Home Buyer
A way of winnig huge profits.
A Weight Off Your Shoulders
A Well-written Hardship Letter is Pivotal for Short Sale Success
Abandoned Properties: a New Opportunity - Part I
Abandoned Properties: Locating the Owners Part II
Abbey Military Loan- Easing the Lives of Military Personnel
ABC of Secured Debt Consolidation Loans
ABN AMRO Mortgage - A Dependable Company For Your Mortgage Needs
About 0% APR Credit Cards
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Abuse of Bank Charges, is This Legalised Robbery?
Accelerate your Business With Accounting Help
Accept Credit Card Online Payments to Gain Clients
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Accept Credit Cards Quickly and Easily With Merchant-accounts.com
Accepting Credit Cards Directly Versus Paypal Only Option
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Accident Sickness Insurance Saves Financial Difficulty
Accident Sickness Redundancy Insurance Could be Your Saviour
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Accomplish Your Financial Goals
According to Halifax Research Terraced Houses Triple in Price
Account Receivable Credit Line Provides Instant Capital for Your Business
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Account Receivable Funding Is Important To Your Businesses Success
Account Receivables Factoring Secures Immediate Working Capital
Accounting and Audit Exemptions for Small Companies in the UK
Accounting for Dividend Tax Credit and Income Tax on Dividends
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Accounting Outsourcing in India Can Take your Company Places
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Administrative Loans
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Advance Cash Payday Loan Online: the Internet Does it for You!
Advance Cash Payday Loan Online: the Internet Does it for You!
Advance Payday Cash Loans
Advance Payday Loan: Meet your Short-term Urgent Financial Needs
Advance Payday Loan Online: Now No Need to Wait for your Payday
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Advances in Technology Making Coalbed Methane Exploration More Effective
Advanta Business Credit Cards: is Advanta Right for Your Business?
2008-12-03
0 Interest on Balance Transfers
Have you ever heard someone preach the benefits of a 0% interest balance transfer credit card? There are numerous different types of 0% interest balance transfer credit cards to choose from, each offering its own unique benefits. Because there are so many different types of 0% interest balance transfer credit card options out there, it would be wise to visit a credit card comparison website where you can get all of the most important information on each of the 0% interest balance transfer credit card options available to you. Here are some of the things that you need to pay attention to when choosing or considering a 0% interest balance transfer credit card:
- The 0% interest rate is temporary, based on an introductory offer. Find out how long the introductory offer will last.
- Your 0% interest balance transfer credit card will not always be 0% interest. Find out what the APR will become when the introductory offer has ended.
- Your 0% interest balance transfer credit card may offer free balance transfers, but this may also end when the introductory offer expires. Find out what the balance transfer interest rate is once the introductory offer has ended.
You can benefit from 0% interest balance transfer credit card options in the long run if you know how to treat the money in these credit cards. The value in a 0% interest balance transfer credit card lies in the fact that you will not have to pay any interest on the money that you use for a set period of time. With free balance transfers during this period of time, what that means is that you can use the money on a 0% interest balance transfer credit card to pay off older debts, then pay off the 0% interest balance transfer credit card before the real APR kicks in after the introductory offer has expired. This is an excellent way to pare down your debt significantly, as long as you are careful to pay the credit card back before the real APR kicks in down the line.
Credit card issuers often offer unique deals and special interest rates as "teasers" to talk consumers in to taking out credit with their companies. One such offer that is readily given to consumers is 0% interest on balance transfers, which is a normal facet of an introductory offer in many of today's credit cards, loans and other financial instruments. Before you jump on the bandwagon, taking advantage of teaser rates and introductory offers because they sound so great, it is important that you come to understand what it means to have 0% interest on balance transfers, as well as how long it will last and what will happen once the 0% interest on balance transfers wears off.
The first thing to understand is what 0% interest on balance transfers means. Balance transfers are when you take your credit card balance, and transfer a portion of it into another account. For example, if you have another credit card and the payment is due, you can transfer a portion of your new credit card's balance to the older card to pay it off. Normally there is a percentage fee associated with this action, but during an introductory offer, it is common for 0% interest on balance transfers to be offered. What this means is that rather than charging you an interest rate such as 3% on all balance transfers, you are offered 0% interest on balance transfers instead.
After the introductory period ends, however, the credit card will suddenly revert back to its original 3% interest rate. If you are caught with a balance at this point, you have to pay that interest rate. In some circumstances, the regular interest rate or APR can also shoot up, and if your account is empty because you transferred all of the balance away, then you can suddenly find yourself paying enormous interest rates without having intended to.
The truth about 0% interest on balance transfers is simple: This is an excellent way to take advantage of transferring balances from one card to another, but only if you utilize it wisely. If you do not have the money management skills necessary to take on a new credit card with teaser rates and introductory offers attached to it, don't do it.
0 Balance Transfer Credit Card Are They Worth It
It's a plastic ocean out there with numerous banks and financial institutions scrambling to sell you their 0 balance transfer credit card. And there are so many kinds of credit cards available in the market that a credit card user gets intimidated and perplexed about which card to choose.
The result is that he often chooses the wrong card and then regrets his decision when he's already neck deep in problems with his credit card account.
So, never pick up a 0 balance transfer credit card without considering some crucial factors. Here is a small guide that can help you decide which type of credit card you must pocket.
Guidelines to choosing a credit card
Ask yourself, "Why do I need a new credit card?" Is it because your current credit card carries a higher rate of interest, or is it because you want to use it exclusively for your business, or is there any other reason? Zero in on the reason why you need a new credit card.
Once you have the reason, you must check out what kinds of credit cards are available in the market. Here is a brief dossier:
(i) Regular cards/Business cards are cards that give you a spending limit based on your income tax papers. The business card is just like a regular card, except that it comes with some schemes that dangle carrots before you.
(ii) Charge cards are cards that are linked to your bank account and they charge your account the minute you swipe the card. You cannot carry forward a balance with a charge card.
(iii) Reward cards are credit cards that earn you points every time you swipe them and such points are redeemable for some goodies (air tickets, supermarket goodies, etc.) at selected establishments.
(iv) Then there are cards for people who have a bad credit history. These cards carry a low spending limit and a higher rate of interest. (v) Prepaid cards are another type of credit card that are mostly used by teens and some kids too. The parent makes a deposit and the card is valid until the deposit is used up.
(vi) Secured credit cards require that the cardholder deposit a certain percentage of the credit limit upfront into their bank accounts.
Once you have decided what kind of a credit card is right for you, do a comparison between different brands of cards. Compare their rates of interest (APR = Annual Percentage Rate) and also check whether they carry an annual fee.
What grace period or no-payment period they offer you, how do they calculate the interest, whether the rate of interest is an introductory rate, whether rates of interest will vary on cash withdrawals, billing cycles, penalties on balance transfers, and so on.
Voila, there you are! If you follow these basic guidelines, you will be successful in pocketing the right 0 balance transfer credit card that suits your needs. And that is the easy part,the difficult part lies in maintaining a credit card and keeping your credit history clean.
But, that's another story!
2008-12-01
John Beck's Teleseminars | Tax Liens | Tax Foreclosures, Tax Foreclosure Events, Tax Foreclosures Property
The term “Tax Foreclosures” is a legal procedure or process that is expected to occur if a buyer defaults on a loan or the taxes applicable on the property, which he lends for mortgage. The lender or lending institution takes back the hold of the property because of irresponsibility of the borrower in paying off dues and applicable taxes or loan applied on mortgaged property for whatsoever reasons. Therefore it is in the best interest of the borrower to pay off all the dues and applicable taxes prior to agreed period of time so as to make sure that no legal action, such as auction of his/her property in public, is taken against him/her. The most notable thing for a borrower is to that he/she must keep all the documents with him/her meeting all the terms and conditions to avoid any Tax Foreclosures in dealing with other parties in future.
Tax foreclosure property procedures are different in every state. Many states follow an easy and simple tax foreclosure, whereby you only have to appeal the county court or maybe through processes of applications to obtain the deed to the property. Mean while, in other states, to go through the tax foreclosure property, you will have to spend most of your time in dealing with an attorney, which will consume lot of your time and waste your money.
In the United States, there are two sorts of property foreclosure in most common law states. Using a "deed in lieu of foreclosure," the bank claims the title and possession of the property back in full satisfaction of a debt, usually on contract. In the proceeding simply known as foreclosure (or, perhaps, distinguished as "judicial foreclosure"), the property is exposed to auction by the county sheriff or some other officer of the court.
Other states have adopted non-judicial foreclosure procedures, in which the mortgagee, or more commonly the mortgagee's attorney or designated agent, gives the debtor a notice of default and the mortgagee's intent to sell the immovable property in a form prescribed by state statute. This type of property foreclosure is commonly referred to as "statutory" or "non-judicial" foreclosure.
The schedules for auctions of the tax foreclosures properties can be obtain by approaching the office of the Clerk of the District of the area in which the mortgager owns the property. However information on such listings can also be obtained from the courthouse
2008-11-30
5 Ways To Instantly Increase Your Credit Card Limit
A lot of credit card holders aspire for a higher credit card limit.
But: credit card holders need to remember that to get a higher credit card limit, they must abide by the terms and conditions of the credit card company or their bank.
Here are 5 ways to get a higher credit card limit:
1. Prove your credit worthiness
The most important thing to do for getting a higher credit card limit is to prove your credit worthiness. This is the first thing that banks and companies look for when giving a higher credit limit.
2. Attract positive attention from the credit card company
At least: try to attract positive attention by paying finance charges once in a while. Obviously, this is not advisable on a repeating basis and should only be used as a last resort to increase your chances of getting a higher credit limit.
Proving to credit card companies and banks that you are good "borrower" can be a convincing way to get a higher credit limit. But be careful because this strategy also means that you will be paying finance charges which can accumulate in a hurry.
3. Always spend within your credit card limit
Doing so means that you are capable of controlling your expenses.
4. Use your credit cards regularly
Don't keep your cards for emergency use only. If you use your credit cards sparingly, banks and credit card companies will be unable to understand your spending and pay-back behavior. Under these circumstances, most banks and credit card companies will be reluctant to give you a higher credit card limit.
5. Avoid late payments as much as possible
This technique will not only increase your payment increase, but you may also have to pay an additional fine for not clearing bills on time. This will also dim your chances of getting a higher credit card limit.
The bottom line is that your performance in the records of banks and credit card companies will determine whether you'll get a higher credit card limit or not.
2008-11-29
Credit Card Consolidation: Important Facts About Credit Consolidation
Credit card consolidation has been catching on as a popular and smart way for consumers to reduce their debt levels. The way that credit card consolidation works is like this: you obtain a new credit card with a nice size credit line and then transfer many of your outstanding loan balances over to the new card. Instead of paying 17.9%, 21.6%, or even 24% or more on credit card balances, a new low interest rate credit card can allow you to reduce your monthly payments and pay down your debt faster. Please keep reading for examples on how you can take charge of your debt.
Out with the old, in with the new
Much of the debt owed by consumers is through credit cards. If you have 1, 2, 3, or more cards, you probably are paying high interest rates on several of your outstanding balances. Your JC Penney, Macys, even your regular Visa or MasterCard can be charging you interest rates in excess of 20%! You can get out from underneath these burdens by selecting a new card with a low APR and transferring your balances over. In effect, you have created a credit card consolidation with your new card. Just don't use your old cards again as you might find yourself with more debt than you can possibly manage!
Lower monthly payments, low APR
By transferring your high balances, you can save several hundred dollars per year in interest payments. With some cards, you can even get an introductory APR of 0% for the first twelve months. After that your variable rate is likely to be lower than what you paid for your store cards, bringing home big savings for you. In addition, you will have more money to pay off your existing balances faster. In effect, a credit card consolidation can help you get out of debt quicker. Less debt, better credit rating
By paying off your debt faster, your credit rating will improve. An improved credit rating can have a positive effect on future borrowing, especially if you are considering purchasing a new car or a home. All of this good stuff happens because you made the smart decision to go the credit card consolidation route to attack your debt.
Is everyone eligible for a credit card consolidation card?
Unfortunately, that answer is no. If you have very bad credit you likely will not be eligible. Still, unlike a debt consolidation loan done through your bank's lending department, there are no application fees to apply for a credit card. So, go ahead and apply and you just may find yourself selected to carry a little piece of plastic that can go a long way toward helping you to achieve credit card consolidation.
2008-11-28
Christmas Shopping - Black Friday, Cyber Monday, and Beyond
Today is Black Friday, which means the Christmas shopping season has officially begun. With the current economic downturn, stores are working overtime to get you to spend your hard earned dollars in their stores. There will surely be some good deals, but in order to take advantage of these deals and save money, you need to do it the right way.
Make a budget. The quickest way to get into financial trouble is to spend more money than you can afford. When you are making you Christmas shopping lists, first determine how much money you can afford to spend (and be sure to add a little extra for those people you may have left off your list!). If you can’t afford it, don’t spend it.
Shop with a plan. Get organized and shop for specific items; don’t just buy something because it is discounted 50%. Use your budget to construct a shopping plan that will get you to the stores you need to visit to get the best deals.
Get there early. If you are looking for exceptional deals, get to the stores early - especially if the advertisement announces limited quantities.
Know the limitations of the deals. Most stores this time of year will advertise a few loss leaders to get customers into their stores. Read the fine print - many stores only offer these items in limited quantities. The theory is that if you are already in the store, you will spend your money on something else.
Shop online. Shopping online is a great way to avoid the crowds and save money at the same time. That’s a winning combination in my book! Here are a few things to look out for when shopping online:
Some stores may offer a few deals only at their brick and mortar stores in order to get customers through the doors. If you set foot in the store you are likely to spend more money than if you only buy online.
Take advantage of online savings through programs like Ebates, MyPoints and Upromise.
Find online deals through sites like slickdeals, Ben’s Bargains, and Fatwallet.
Shop with online discounters such as Amazon, Buy.com, and Tiger Direct.
Consider gift cards. I know a lot of people don’t like to give gift cards and gift certificates because they can be impersonal and there is always the chance that if the store folds, the cards will be worthless. But there are several ways to save money on gift cards, which can make them a more attractive gift option. Sending gift cards is a good way to avoid high shipping costs and can be a great gift for college students, people just starting out in a new home, or people who are difficult to shop for.
Use your rewards credit cards. If you plan to pay your credit card off in full, then take advantage of cash back rewards cards and put some of that money back in your pocket. If you aren’t sure you can pay it off in full, then be sure to pay cash or don’t spend it.
The holiday season is a great time of year, but that doesn’t mean you should go broke buying gifts for your friends and family. Spend some time planning before you go shopping and only spend what you can afford to spend. That way you won’t get hit by any nasty surprises when the credit card bills come in the mailbox in January.
Make a budget. The quickest way to get into financial trouble is to spend more money than you can afford. When you are making you Christmas shopping lists, first determine how much money you can afford to spend (and be sure to add a little extra for those people you may have left off your list!). If you can’t afford it, don’t spend it.
Shop with a plan. Get organized and shop for specific items; don’t just buy something because it is discounted 50%. Use your budget to construct a shopping plan that will get you to the stores you need to visit to get the best deals.
Get there early. If you are looking for exceptional deals, get to the stores early - especially if the advertisement announces limited quantities.
Know the limitations of the deals. Most stores this time of year will advertise a few loss leaders to get customers into their stores. Read the fine print - many stores only offer these items in limited quantities. The theory is that if you are already in the store, you will spend your money on something else.
Shop online. Shopping online is a great way to avoid the crowds and save money at the same time. That’s a winning combination in my book! Here are a few things to look out for when shopping online:
Some stores may offer a few deals only at their brick and mortar stores in order to get customers through the doors. If you set foot in the store you are likely to spend more money than if you only buy online.
Take advantage of online savings through programs like Ebates, MyPoints and Upromise.
Find online deals through sites like slickdeals, Ben’s Bargains, and Fatwallet.
Shop with online discounters such as Amazon, Buy.com, and Tiger Direct.
Consider gift cards. I know a lot of people don’t like to give gift cards and gift certificates because they can be impersonal and there is always the chance that if the store folds, the cards will be worthless. But there are several ways to save money on gift cards, which can make them a more attractive gift option. Sending gift cards is a good way to avoid high shipping costs and can be a great gift for college students, people just starting out in a new home, or people who are difficult to shop for.
Use your rewards credit cards. If you plan to pay your credit card off in full, then take advantage of cash back rewards cards and put some of that money back in your pocket. If you aren’t sure you can pay it off in full, then be sure to pay cash or don’t spend it.
The holiday season is a great time of year, but that doesn’t mean you should go broke buying gifts for your friends and family. Spend some time planning before you go shopping and only spend what you can afford to spend. That way you won’t get hit by any nasty surprises when the credit card bills come in the mailbox in January.
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