Posts Tagged ‘Financial Services’
SHOPPING WITH THRIFTY
1. Have a small memo to note what is needed and record what you buy.
Like magic, the way this is actually quite a powerful tool to prevent and useless waste of money.
Familiar notes will also help you to be more careful and more efficient while shopping.
2. do not like shopping surprise.
More time to spend, more hematite you. You can compare prices, before taking a decision.
Legal validity of this more specific moments, moments in such a big day Prep, birthdays etc.
3. take advantage of the promo and discount programs provided optimally shopping center.
You can find many attractive offers, well informed in the mass media or through the flyer dipping the entrance of the shopping center.
If you’re clever, you can save or gain maximum results with funds that you have.
4. cash is King.
If it has not been so conglomerate with a deluge of money on deposits, better bring cash money pedometer to spend, rather than using a credit card.
5. use credit cards wisely and optimized as possible.
Credit cards can help you manage your finances, because you can shop now and pay for it later.
Moreover, there is rarely a credit card offer promo and discount interest.
Your process may serve your needs. However, take care, don’t assume that funds contained on your credit card as ‘ funds-more ‘, because in the end you also pay Chaitanya.
6. be genuine bidders.
Don’t be shy to bargain. If it’s a lazy, Bellanca with a good bargain.
That way you can save some money, although not too large, but that money could be allocated for other purposes.
7. don’t forget to bring your shopping list.
And make it a habit not to buy anything that is not in the list.
8. don’t go shopping in a State of hunger.
It will make you so wasteful to buy food that cost can be relatively more expensive.
If you can eat at home first before going, it would be much better, except if it has any intention to eat outside.
9. don’t spend in a State of confused, upset or in other problems.
Especially in women, shopping in such circumstances will make you ‘ hungry eyes ‘ and end up buying something that is completely unnecessary.
10. Bellanca alone.
Bring a partner or child when shopping will make you be tempted to buy something for them.
Leave them at home.
11. do not directly throw the evidence of payment.
You can read the evidence for it to be material calculation and contemplation.
And who knows the stuff you bought is broken, then you can restore it by bringing proof of that.
12. don’t be looking for certain items at the thrift store or garage sale.
If your good at choosing you could save some money for goods which are still of good quality.
While I agree this should not be the first choice, I think there are times when this is a viable option. Due to cancer and a ruptured brain aneuryms and stroke, I am now on disability. Prior to my long-term disability being approved, we had a 60% loss of monthly income. Ouch!
It’s better now but still pretty sizable and when you add an upside down mortgage to that, it isn’t pretty.
I’m a former teacher and my union offered a benefit with a non-profit company who set up a DMP for us. We’d managed to make our very high interest payments earlier but knew we’d be unable too do so very soon.
In our situation, the DMP monthly fees are refunded to us after one year of completion in the program. With my health issues, the small administrative fee I pay has certainly been worth it. With my brain injury, the last thing I need is angry callers!
Now I must add that prior to going on the DMP, we’d managed to pay down $9,000 in debt in about nine months so we’d already made some good changes. It was just with the reduction in income and my inability to work, we would not be able to keep up the pace for more than a few months more. We still have a shortfall, even with the DMP but with careful management and God providing overtime and free lance opportunities for my husband, we’ve been able to get by. We decided to concentrate on our largest payment which is our vehicles which will be free and clear in just a few months and then we will at least have some breathing space.
In our case, I believe the DMP was a very good move. In fact, nowadays, negotiating a lower rate can be very difficult unless you do so through a DMP.
As far as the credit report goes, I have a monthly subscription and it has not had a negative impact on my score. Granted, I’d been current on all my bills at the time so that has helped. They are still reporting that I am paying as agreed and simply say I am enrolled in a payment program. The score has stayed the same since I began this four months ago.
when I knew we could keep our head above water for a couple more months due to back pay I am receiving on my disability claim, I contacted this company. It will still be a challenge but we are going to be able to manage the new payment. We are still working the debt snowball and will continue to do so even under our DMP. My counselor is familiar with Dave Ramsey and was very glad to hear we had done FPU.
If you are looking at a DMP, I think you need to do your homework on the company you choose before employing them. I also think you need to be in a situation such as mine where the possibility of a permanent loss of income due to employment is very real.
Also, I think you need to monitor things. For years I have paid a small monthly fee to one of the credit bureaus which enables me to pull up both my credit score and how they are reporting all accounts as often as I like at no additional charge. I also have made it a habit for the past couple of years to check all of my credit card accounts online every day for a number of years.
Yes, sure enough, last night I confirmed that when my DMP said the companies accepted the agreement, it was true. I didn’t simply take their word for it. That’s not smart! I verified things with my creditors myself, just to be safe.
I think it is is like anything else. Although someone else is making the payment on your behalf, you are still responsible for ensuring it is done. Don’t just take their word for it. That’s silly! Continue to verify things with your creditors as well on a monthly basis. It is easier to fix something right when it happens as opposed to three to five years down the road.
BTW, we did pay off three debts under the snowball plan and another one will be paid off next month. I am applying that to my car payment and will have my car paid off in February. Then, you guessed it.
Debt management companies are springing up everywhere. These companies help “manage” your debt by taking one monthly payment from you and distributing the money among your creditors, with whom they’ve often worked out lower payments and lower interest. This is not a loan as with debt consolidation. Sometimes people get the two confused. However, because Americans are up to their eyeballs in debt, the debt management business has become one of the fastest-growing industries today.
Companies like Consumer Credit Counseling Service can help you get better interest rates and lower payments, but at a price. When you use one of these companies and then try to get a Conventional, FHA, or VA loan, you will be treated the same as if you had filed Chapter 13 bankruptcy. Mortgage underwriting guidelines for traditional mortgages will consider your credit trashed, so don’t do it. Real debt help is found only in changing your behavior.
In short, debt management companies are out. Hard work is in. Change your financial behavior and change your life—for good. True debt management is about one thing: you controlling your money.
Real Debt Management
The good news is that there’s not some magical, mystical formula to good debt management. The solution is common sense and having a plan for your Total Money Makeover. Grandma’s simple way of handling money. Good debt management is 80% behavior and 20% head knowledge. It isn’t rocket science as some debt management companies try to make you believe.
Is it easy? No. In fact, it’s really hard most of the time. But it’s worth it. It’s amazing to see people change their lives through simple determination and having a plan that works every time. Once you have a real debt management plan in place, its only a matter of time.
We have people every week email or call us about how they have paid off $10k, $20k, sometimes even $100,000 in debt. Now, you may be thinking, “Yeah, right. They must be making six figures to do that.” NO! These are just people who are serious about getting out of debt. Many of them are making $30,000 to $50,000 when they decided to be debt free. It’s all a matter of attitude. We call it “gazelle intensity.”
Managing Bank Loans with Good
Bijaklah in utilizing credit facilities from banks. It would be more balk if the use of bank loans for business development, not to be a start-up capital. Regardless of what type of loan like unsecured credit, and so on.
According Irdawati, Woods Scortha owners who sell a variety of Teak wood furniture products, use of bank credit would be more helpful in developing the business. “Because we already know the pros and cons of our efforts, so the size of the loan and the mortgage is paid can be measured.” he said.
It is done when it gets an offer Irdawati credit from Bank DKI first Rp 50 million in 2005. That’s when he needs capital to open a branch and the Bank DKI provides ease in lending and financial management training program.
The result, Irdawati business forward. He then expanded his business by re-borrowing from the Bank’s capital Jakarta is Rp 200 million, three years later.
“My business is fast forward and get the ease of borrowing again for not having a problem in paying the installments. That’s because I already feel the Uku-llku become big business until then. Once expanded, all so much easier. I have strong financial management . “he said.
Unlike when using capital as loans without collateral from the bank in a pioneering effort, lrdawatl cautioned. If financial management is weak, it will make the effort collapsed and difficult to pay the mortgage loan. It would be more balk if the pioneering efforts using their own capital. It can reduce the risk.
Other messages, for a pioneering new venture. Do not ever give up during their process. Focus on what the business field and has always believed that the goods sold are the best.
Choosing Investments to Fit Your Needs
After studying the types of investment above, the steps you must do is know the benefits of all types of investment. Each type of investment has some distinctive characteristics, namely the potential yield obtained, the level of investment risk, investment time period of an ideal, easy to dilute investments, and the amount of capital needed.
In terms of ease to dilute the return on investment, asset financiaI easier to sell than real assets. While the terms of the investment period, investment in real assets and financial assets divided by 3 to suit your needs.
For your long-term needs, shares and property is the appropriate type of investment because it provides the potential for high growth in investment returns. Bonds are a suitable investment for your medium-term needs because it provides coupons regularly. Meanwhile, for the short-term investments, products such as savings banks are the most appropriate financial products.
Once you understand the benefits of each type of investment, choose one that best suits your financial needs time period. In addition, you should consider other criteria that you established to make investments.
Financial Planning for You
You certainly know that every human being has a need. Needs of adults will always increase over time. From the need to get married, buy homes, private vehicles, having and raising children, to enjoy a happy retirement.
However, to be able to meet all those needs, of course, funding is needed not less. For example, maybe you know if the current price of a house on the edge of the city with an area of 96 m2 alone, has reached 200-300 million dollars. Not to mention the thought of children’s school fees are increasingly suffocating bag. Currently, the money base of a private junior high school has already reached tens of millions of dollars, imagine the amount of money just for education for three years.
This situation certainly raises questions for you, how can I meet all the needs that? The answer is to do financial planning as early as possible, and have fun then.
Steps To Have Good Then!
Financial planning is a process undertaken with the financial management discipline, to achieve your desired goals. For that, there are 5 steps you should do, Check the condition of your financial health
Not just your body’s health is important, but the health of your financial condition could not be ignored. Actually, the latter should be your first priority before maintaining a healthy body, because maintaining a healthy body also requires funding.
The first step is quite easy. Record with either all of your expenses in a month. You’ll be amazed when doing this, because you will see where your money during this float.
In addition, count all the wealth and debts you have. Pay off all your debts – if you need to sell your property – before you plan to have something new. If you no longer have debt, then the new can be said you have a healthy financial condition wal afiat.
Do not be afraid if you do not have a store after you pay all debts, because even if you do not have a store yet, you will do something much better for yourself.
Specific, Measurable, Attainable, Realistic and Time-based.
S – Specific
Financial goals should be as detailed as possible. Determine the purpose of “saving for a house down payment type 41/72″ instead of “buying a house”. Better yet, if made more specific such as “Saving for a house down payment savings type 41/72 with two-fold increase to 1.2 million per month and reduce the cost of entertainment such as the cafe, go to a movie and the cost of the Internet”.
M – Measurable
Financial goals must be measurable (in this case, the measuring tool of currency). For example, “to save a house down payment of 50 million”.
A – Attainable:
Financial goals have to be very meaningful to you and created by yourself, not by others. The goal should be to give inspiration to motivate you towards success. If you do not persevere to realize your goals, obstacles and challenges will be difficult.
R – Realistic
Goals should be realistic, not a fantasy that can not be realized in the real world. Be an ambitious goal, but not impossible to be realized. Choose the destination where you believe you can achieve it, but not to make you depressed.
T – Time Based
Goals should include specific time frame to achieve them. You specify the appropriate time, the sooner the better. For example, “saving for a house down payment 41/72 type every month by 1.2 million over three years”.
Financial goals should be detailed, measurable, achievable tailored to the financial capabilities, it makes sense and makes it possible to be realized and have a specific time frame to achieve them.
From the example above the financial goals that SMART is “Saving for the Down Payment home type 41/72 of 50 million by increasing savings doubled to 1.2 million every month for 3 years and reduce the cost of entertainment such as the cafe, go to a movie and Internet charges “.
Tasks for you
Create your financial goals, and evaluation. Is it sufficiently specific, measurable, achievable, realistic and there is a period of time? If so, start doing it because without ACTION is NOTHING PLAN.
Accounting standards are needed so that financial statements will fairly and consistently describe financial performance. Without standards, users of financial statements would need to learn the accounting rules of each company, and comparisons between companies would be difficult.
Accounting standards used today are referred to as Generally Accepted Accounting Principles (GAAP). These principles are “generally accepted” because an authoritative body has set them or the accounting profession widely accepts them as appropriate.
Securities and Exchange Commission (SEC)
The Securities and Exchange Commission is a U.S. regulatory agency that has the authority to establish accounting standards for publicly traded companies. The Securities Act of 1933 and the Securities Exchange Act of 1934 require certain reports to be filed with the SEC. For example, Forms 10-Q and 10-K must be filed quarterly and annually, respectively. The head of the SEC is appointed by the President of the United States.
When the SEC was formed there was no standards-issuing body. However, rather than set standards, the SEC encouraged the private sector to set them. The SEC has stated that FASB standards are considered to have authoritative support.
Committee on Accounting Procedure (CAP)
In 1939, encouraged by the SEC, the American Institute of Certified Public Accountants (AICPA) formed the Committee on Accounting Procedure (CAP). From 1939 to 1959, CAP issued 51 Accounting Research Bulletins that dealt with issues as they arose. CAP had only limited success because it did not develop an overall accounting framework, but rather, acted upon specific problems as they arose.
The unsecured business loans are made by financial institutions to complete all their economic unexpected problems related to their business. These loans are used to handle all your business and problems, such as buying raw materials, installation tools and equipment, advertising and marketing, etc.. These financing plans can be purchased without any collateral to pledge, so they are called ” Unsafe ‘..
• No need for a guarantee to get approval “.. Because of this unique feature, people who live in the UK can have this money helps any team .. Even people who are reluctant to offer the property can go to this option ..
These plans • Provide time between one year and 10 years while the loan is between £ 50,000 and £ 100,000 ..
• These plans are for the bad credit holders too .. People tagged as defects, delay in payment, CCJs,, IVA or bankruptcy, etc.. go for this option, with no checks ..
• Because of the risk to the lender, these plans come with higher interest rates .. However, due to competition in the market, lenders are providing reasonable rates of interest too ..
• If you are a citizen of the United Kingdom and 18 years or more, then you can apply for these plans .. Unsecured business loans are very easy to use due to the decrease of bureaucracy ..
• For these plans, you need to provide the layout of your business to the lender, so it can allow the money according to your requirement