If you are financing your home then your mortgage company insists that you purchase homeowner's insurance. But the truth of the matter is, the vast majority of people who have paid off their homes and are no longer forced to purchase homeowner's insurance still choose to do so.
The reason is obvious. The vast majority of people in Alabama recognize that their house is their most valuable asset and they are anxious to do everything in their power to protect that asset.
This is just good, common sense. Still, it is also good, common sense to want to get the best value for your dollar and not pay more than necessary for your homeowner's insurance.
And that's where this article comes in. We are going to discuss several things you can do that can allow you to get the same homeowner's coverage that you now enjoy - only at a price that's lower than what you are now paying.
Let's start by looking at how much homeowner's insurance you have. You need enough insurance to completely rebuild your house from the foundation up and to replace all of the possessions that are currently in your home in case of a disaster. But what you don't want to do is to make the rookie mistake of including the cost of the land under your house in your calculations.
Keep in mind that most standard homeowner's policies in Alabama have restrictions on wind damage. If this is a concern to you be certain that you discuss this issue separately with your insurance agent. Also, no standard homeowner's policy in Alabama includes flood insurance. If you wish flood insurance this must be purchased separately from a government-guaranteed fund; your agent will have all the details.
If you want to get the best rates on homeowner's insurance in Alabama then you'll need to make your home as burglar-proof as possible. Install motion-sensitive floodlighting, trim bushes back away from all ground floor windows, install deadbolt locks on all exterior doors and make certain that all windows have a working lock.
You will also need to make your property safe from liability suits due to preventable accidents. This involves repairing or replacing old, broken or buckled cement walkways, repairing or replacing worn, broken or lose floorboards on porches and decks and filling in any potholes or other hazards around your property.
If you live in a fire danger area, be certain that all brush and weeds are cut back at least ten feet from all structures.
If your home is 10 years old or older, talk to your agent about how much you would save month after month if you made a one-time investment in your property and had your plumbing and electrical system upgraded. You might be surprised at the savings you could realize. Run the figures and see if they make sense to you. If they do, then upgrading your home will both save you money as well as make your home a safer place to live.
Make sure you have installed the appropriate number of smoke and fire detectors based on the size and configuration of your home. Detectors need fresh batteries twice yearly - many people change batteries each time they set their clocks forward or backward an hour.
Buy a kitchen-rated fire extinguisher and keep it handy for any kitchen fires.
Consider how large of a deductible you can afford. Keep in mind that if you have a claim you will have to come up with the cash to pay your deductible out of your own pocket, so don't make promises you can't keep. However, also keep in mind that the larger your deductible the lower your monthly premium payment.
Now go online and find 3 different websites that encourage you to compare prices from different insurance companies for homeowner's insurance in Alabama. Enter the same information into the form on each site so that you'll be comparing the same policy on all of them.
When you're done comparing prices, then all that will be left is to choose the lowest-priced company and your job is done - you've found the best rates on homeowner's insurance in Alabama and you can rest easy at night knowing that you are getting the coverage you need at a price that's saving you money month after month, year after year.
About the Author:
My recommended sites for low rate home insurance http://www.ezquoteguide.com/home/ http://www.myquoteguide.com
Saturday, December 15, 2007
Credit Card Debt Relief: How To Put An End To Credit Card Debt
Thousands of people are constantly finding themselves deep in debt due to credit cards. Sometimes they find ways to come up with payments and are able to climb out of their financial hole, but there are other people who do not know of any other way out except to file for bankruptcy.
However, there are many other ways to get credit card debt relief besides filing for bankruptcy, but unfortunately, most people do not seem to be aware of these procedures.
Let's take a look at how credit card debt builds up. Say you owe $20,000 on a single credit card. That might seem like a huge amount, especially if you do not have the means to pay for it. But the thing is that you did not really spend that entire amount during your shopping sprees. Probably more than half of that amount actually came from accumulated interest rates.
This brings us to the first and probably the best way you can get some credit card debt relief, and that is by negotiating with your credit card company to lower your interest rates. You would be surprised at how many companies would be very willing to grant this request, particularly if you have been with them for quite some time.
In addition to the interest rates, you can also request for them to lower your late fees. Some credit card companies might even be willing to completely waive your late fees if you commit to paying more than the minimum payment for the succeeding months. You can also have some credit card debt relief by requesting for an extension of payment lines.
If you do not have the convincing skills to negotiate with the credit card company on your own, you can always enlist the help of a credit card debt relief company to make the settlements for you. In addition to helping lower your interest rates, most of these financial agencies will also teach you how to manage your credit cards more efficiently in order to ensure continuous credit card debt relief.
However, when choosing a credit card debt relief agency, you have to be very careful as there are many crooks out there posing as helpful institutions but are really just stealing people's money right from under their noses. It is always a good idea to select a credit card debt relief agency that has an excellent reputation and has been around for quite a while.
Still, if you want to get permanent credit card debt relief, the best solution is to learn how to use your credit cards more sensibly and how to keep yourself from making purchases that are way beyond your budget.
The second technique of achieving credit card debt reduction is by opening a new credit card account with a much lower interest rate. This might sound crazy, because why would you open a new account when you obviously can't pay off the accounts you already have?
The answer is simple. You will be using this new card not to make new extravagant purchases but to pay off your old debts. Once you transfer your previous debts to the new card, you will obviously be paying a lower interest rate and you will be able to pay off your total debt in no time.
About the Author:
You can also find more info on http://www.getdebtreductionhelp.com/category/debt-reduction-planners-and-how-they-can-save-you-from-bankruptcy on debt reduction planners and http://www.blogger.com/ on debt relief council.
However, there are many other ways to get credit card debt relief besides filing for bankruptcy, but unfortunately, most people do not seem to be aware of these procedures.
Let's take a look at how credit card debt builds up. Say you owe $20,000 on a single credit card. That might seem like a huge amount, especially if you do not have the means to pay for it. But the thing is that you did not really spend that entire amount during your shopping sprees. Probably more than half of that amount actually came from accumulated interest rates.
This brings us to the first and probably the best way you can get some credit card debt relief, and that is by negotiating with your credit card company to lower your interest rates. You would be surprised at how many companies would be very willing to grant this request, particularly if you have been with them for quite some time.
In addition to the interest rates, you can also request for them to lower your late fees. Some credit card companies might even be willing to completely waive your late fees if you commit to paying more than the minimum payment for the succeeding months. You can also have some credit card debt relief by requesting for an extension of payment lines.
If you do not have the convincing skills to negotiate with the credit card company on your own, you can always enlist the help of a credit card debt relief company to make the settlements for you. In addition to helping lower your interest rates, most of these financial agencies will also teach you how to manage your credit cards more efficiently in order to ensure continuous credit card debt relief.
However, when choosing a credit card debt relief agency, you have to be very careful as there are many crooks out there posing as helpful institutions but are really just stealing people's money right from under their noses. It is always a good idea to select a credit card debt relief agency that has an excellent reputation and has been around for quite a while.
Still, if you want to get permanent credit card debt relief, the best solution is to learn how to use your credit cards more sensibly and how to keep yourself from making purchases that are way beyond your budget.
The second technique of achieving credit card debt reduction is by opening a new credit card account with a much lower interest rate. This might sound crazy, because why would you open a new account when you obviously can't pay off the accounts you already have?
The answer is simple. You will be using this new card not to make new extravagant purchases but to pay off your old debts. Once you transfer your previous debts to the new card, you will obviously be paying a lower interest rate and you will be able to pay off your total debt in no time.
About the Author:
You can also find more info on http://www.getdebtreductionhelp.com/category/debt-reduction-planners-and-how-they-can-save-you-from-bankruptcy on debt reduction planners and http://www.blogger.com/ on debt relief council.
How To Save Money And Get Discount Car Insurance In Alabama
Alabama is serious about requiring every driver on a public road in Alabama to buy car insurance. That's why so many drivers are looking for ways to save money and get discount car insurance in Alabama.
So how can you save money on your car insurance here in Alabama? Start by driving legally and safely at all times. Nothing drives up the cost of car insurance like a speeding ticket or other moving violation - unless it's a DUI or DWI conviction.
If you are convicted of a DUI (Driving Under the Influence) or if you are convicted of a DWI (Driving While Intoxicated) you'll be out of luck as far as getting discount car insurance for at least 3 years. If you receive a second DUI or DWI conviction you may never see cheap car insurance again in your lifetime.
If you have a garage and you can keep your car in a garage at night let your agent know - it could save you money every month on your policy.
Add safety features to your car. Ask your agent if you could save money by purchasing and using a steering wheel lock. Ask about a simple electronic device that disables your fuel pump unless you enter a secret code or press a hidden button; such devices are inexpensive and easy-to-install and can save you money on your insurance every month.
If you're in school and under age 25 stay where you are and work hard. If you can maintain at least a "B" grade point average you can save as much as 5% each month with your Good Student Discount.
Are you recently retired? If so, let your agent know. If your car is no longer being driven to work and back every day there is a rather nice discount on your insurance.
And speaking about not driving your car so much, many people are now starting to use public transportation for as many of their traveling needs as possible, only using their cars for emergencies and special occasions. If you can knock your monthly driving down to under 500 miles let your agent know - you will be entitled to a Low Mileage Discount.
What about your deductible? Think about it carefully because this is cash you'll have to come up with out of your own pocket if you ever have a claim, but the larger your deductible the smaller your monthly premium payment.
If you're over age 55 ask your agent if your company offers a driver's refresher course. If so, and if you pass it, you could save as much as 10% each and every month on your car insurance.
Using the information in this article see if you can put together a car insurance policy on paper which will save you as much money as possible - and then get online and see what you can find on at least 3 of the websites that allow you to compare prices at various insurance companies.
Compare the policy you just created on at least 3 of those websites and then simply choose the lowest price you can find. That's it. Now you have saved money and gotten discount car insurance in Alabama! Good job!
About the Author:
My recommended sites here: http://www.ezquoteguide.com/car/ http://www.myquoteguide.com/
Secret To Fianancial Freedom!
Financial freedom, secret of success from investment, real estate, stock market wealth, profit, investment, internet marketing, millionaire, income, security, opportunities, home-based business, money, cash, fortune!!
It has always been mankind dream and desire to seek Freedom – Freedom of thoughts, Freedom of speech, Freedom of belief, and Freedom of expression! Why then not Financial Freedom!
Wikipedia definition – "Financial freedom describes a well-planned lifestyle where one no longer is required to work for income to cover their expenses".
Rich Dad, Poor Dad series and other books on personal finance really got me interested and wondered why school and college didn't teach us how to be financially intelligence. Ultimately, whether all these books have been fictionalized or are real story are debatable. The important point here is that it advocates financial independence through investing, real estate, owning businesses, and other means of money generating and protection tactics.
Most of us are hungry and aspire to achieve financial freedom. When one works in an organization without decision making capability. Management will dictate your financial well being. You will bear the consequence of management failure, within or beyond their control. It could be external macro factors such as - market environment, competition, government policies, act of god…… intentionally or unintentionally. You will bear the fruits of management mistake - retrenchment, down sizing, pay cut, and stagnant pay.
What happens next…..? You start to look for another job. Maybe this time round, your lady luck is shining, you manage to secure…wrong words to use, get a job working in a big blue chip company, maybe better, work as a civil servant with an iron rice bowl. In your minds, you must be saying - I have finally made it in life….. !! Do some souls searching – do you really make it? Your income from salary may or may not to be able to support your daily living expense. Or may be you are one of the million out there still struggling to pay mortgage loan, car loan, credit card, utility and telephone bill…bills that without ending…….!
Maybe you are very fortunate, able to find a job that the pay check exceeds your current living expense. Maybe you are one of the fortunate few that earn good income working in the top echelon of an organization. But ask yourself this question - Are you happy? Are you out of the everyday rat race? Are you out of the merciless office politics? Are you out of getting stuck in the daily morning traffic jams that never seem to subside?
It could be true that you like your job. Excellent….! But are you growing your money? Are you using the power of compounding to accumulate wealth so that when there is a day that you finally decided to quit your job, you have a mountain of wealth supporting you? It is only when you have reached that financial stage that you can proudly say, "I do what I love to do because I want to!!"
Financial freedom does not simply mean free of debt, debt is another expenses. As long as one passive investment income is able to cover all expenses, one is consider as financial free. This large enough "nest egg" passive investment should also be easily be liquidated if there a need. In simplified term, financial freedom is where one does not need to work for money, but let money works for you!!
"How do you achieve it?" It could be achieved by finding, learning and putting time, effort and money into building something (passive investment) that creates income profitably and consistently, long after you have 'completed the building'. There are many ways to build such money-making machine. It could be investment or trading of stock, forex, future, commodity or whatsoever financial instrument that can generate money. Internet marketing, MLM, business ventures and real estate ownership for rental/capital income are other forms of money-making vehicle.
The biggest obstacle to financial freedom is not everyone has the necessary skills, experience, know-how and money to build it. The key to wealth is to find something that suits one's ability and build it. The "money generating machine" may be more than one, it could be multiple machines. How big or how many machines you intend to build will greatly depend on one's desire, capital and risk tolerance level. Everyone is different. The important point is you must be the one in control of those decisions that affect your life!
Your chosen path to financial freedom will also greatly depend on your interest and the amount of money you have. It is true that you need money to generate money, but it is also true that you can create wealth with little money. Many wealthy men and women have proven that if there is a will, there is always a way!!
If you seriously want to achieve financial greatness, you must first eliminate all subconscious blocks you have towards money making. You must finally free your mind to create the wealth that you deserve!!
About the Author:
JoonTrader is the owner of http://www.forexdiscover.com/. For further recommended resources on how to achieve financial freedom using Forex Trading as instrument Click here to your financial freedom!
It has always been mankind dream and desire to seek Freedom – Freedom of thoughts, Freedom of speech, Freedom of belief, and Freedom of expression! Why then not Financial Freedom!
Wikipedia definition – "Financial freedom describes a well-planned lifestyle where one no longer is required to work for income to cover their expenses".
Rich Dad, Poor Dad series and other books on personal finance really got me interested and wondered why school and college didn't teach us how to be financially intelligence. Ultimately, whether all these books have been fictionalized or are real story are debatable. The important point here is that it advocates financial independence through investing, real estate, owning businesses, and other means of money generating and protection tactics.
Most of us are hungry and aspire to achieve financial freedom. When one works in an organization without decision making capability. Management will dictate your financial well being. You will bear the consequence of management failure, within or beyond their control. It could be external macro factors such as - market environment, competition, government policies, act of god…… intentionally or unintentionally. You will bear the fruits of management mistake - retrenchment, down sizing, pay cut, and stagnant pay.
What happens next…..? You start to look for another job. Maybe this time round, your lady luck is shining, you manage to secure…wrong words to use, get a job working in a big blue chip company, maybe better, work as a civil servant with an iron rice bowl. In your minds, you must be saying - I have finally made it in life….. !! Do some souls searching – do you really make it? Your income from salary may or may not to be able to support your daily living expense. Or may be you are one of the million out there still struggling to pay mortgage loan, car loan, credit card, utility and telephone bill…bills that without ending…….!
Maybe you are very fortunate, able to find a job that the pay check exceeds your current living expense. Maybe you are one of the fortunate few that earn good income working in the top echelon of an organization. But ask yourself this question - Are you happy? Are you out of the everyday rat race? Are you out of the merciless office politics? Are you out of getting stuck in the daily morning traffic jams that never seem to subside?
It could be true that you like your job. Excellent….! But are you growing your money? Are you using the power of compounding to accumulate wealth so that when there is a day that you finally decided to quit your job, you have a mountain of wealth supporting you? It is only when you have reached that financial stage that you can proudly say, "I do what I love to do because I want to!!"
Financial freedom does not simply mean free of debt, debt is another expenses. As long as one passive investment income is able to cover all expenses, one is consider as financial free. This large enough "nest egg" passive investment should also be easily be liquidated if there a need. In simplified term, financial freedom is where one does not need to work for money, but let money works for you!!
"How do you achieve it?" It could be achieved by finding, learning and putting time, effort and money into building something (passive investment) that creates income profitably and consistently, long after you have 'completed the building'. There are many ways to build such money-making machine. It could be investment or trading of stock, forex, future, commodity or whatsoever financial instrument that can generate money. Internet marketing, MLM, business ventures and real estate ownership for rental/capital income are other forms of money-making vehicle.
The biggest obstacle to financial freedom is not everyone has the necessary skills, experience, know-how and money to build it. The key to wealth is to find something that suits one's ability and build it. The "money generating machine" may be more than one, it could be multiple machines. How big or how many machines you intend to build will greatly depend on one's desire, capital and risk tolerance level. Everyone is different. The important point is you must be the one in control of those decisions that affect your life!
Your chosen path to financial freedom will also greatly depend on your interest and the amount of money you have. It is true that you need money to generate money, but it is also true that you can create wealth with little money. Many wealthy men and women have proven that if there is a will, there is always a way!!
If you seriously want to achieve financial greatness, you must first eliminate all subconscious blocks you have towards money making. You must finally free your mind to create the wealth that you deserve!!
About the Author:
JoonTrader is the owner of http://www.forexdiscover.com/. For further recommended resources on how to achieve financial freedom using Forex Trading as instrument Click here to your financial freedom!
Friday, December 14, 2007
Spending At The Right Time To Control Your Finances
If we had our way, we would most probably find ourselves spending like crazy on anything we see and want to own. But the reality is we need cash and finances to make it happen and while we can work our way to buying and spending a lot, we just have to be practical that we simply cannot have it all.
Of course, determining where you will invest begins with researching the available types of investments, determining your risk tolerance, and determining your investment style – along with your financial goals.
If you were going to purchase a new car, you would do quite a bit of research before making a final decision and a purchase. You would never consider purchasing a car that you had not fully looked over and taken for a test drive. Investing works much the same way.
You will of course learn as much about the investment as possible, and would want to see how past investors have done with that particular investment. Learning about the stock market and investments can take a lot of time, but it is of course time well spent. There are numerous books and websites on the topic. With access to the Internet, you can actually play the stock market – with fake money – to get a feel for how it works.
You can make pretend investments, and see how they do. Do a search with any search engine for 'Stock Market Games' or 'Stock Market Simulations.' This is a great way to start learning about investing in the stock market.
Other types of investments outside of the stock market, however they do not have simulators. You must learn about those types of investments the hard way – by reading.
As a potential investor, you should read anything you can get your hands on about investing, but start with the beginning investment books and websites first. Otherwise, you will quickly find that you are lost.
Finally, speak with a financial planner. Tell them your goals, and ask them for their suggestions. I mean this is what they do! A good financial planner can easily help you determine where to invest your funds, and help you set up a plan to reach all of your financial goals.
The opportunities for stock investment is not only limited to the stock markets of your home country. With the increasingly easier access to foreign economies, buying shares of international companies is now a practical option you can consider as part of diversifying your portfolio. It is also an opportunity to take part in booming economies and faster-growing stock markets.
Like any other investment venture, investing abroad has its own set of benefits and risks. They key is to consider the pros and cons and evaluate if this fits your risk tolerance as an investor. Most investors who venture beyond their home countries are high net worth individuals who have a fund surplus after investing in local stocks, bonds, mutual funds, real estate, etc. Buying foreign shares is not limited to rich investors though. You can start with just $500 and build from there if you later decide that international stock markets suit your portfolio.
About the Author:
Jon Caldwell has extensive knowledge in accounting and finance practices. You can find out more on accounting at http://www.accountingshack.net/accountingshack_cat/accountlist.php
Of course, determining where you will invest begins with researching the available types of investments, determining your risk tolerance, and determining your investment style – along with your financial goals.
If you were going to purchase a new car, you would do quite a bit of research before making a final decision and a purchase. You would never consider purchasing a car that you had not fully looked over and taken for a test drive. Investing works much the same way.
You will of course learn as much about the investment as possible, and would want to see how past investors have done with that particular investment. Learning about the stock market and investments can take a lot of time, but it is of course time well spent. There are numerous books and websites on the topic. With access to the Internet, you can actually play the stock market – with fake money – to get a feel for how it works.
You can make pretend investments, and see how they do. Do a search with any search engine for 'Stock Market Games' or 'Stock Market Simulations.' This is a great way to start learning about investing in the stock market.
Other types of investments outside of the stock market, however they do not have simulators. You must learn about those types of investments the hard way – by reading.
As a potential investor, you should read anything you can get your hands on about investing, but start with the beginning investment books and websites first. Otherwise, you will quickly find that you are lost.
Finally, speak with a financial planner. Tell them your goals, and ask them for their suggestions. I mean this is what they do! A good financial planner can easily help you determine where to invest your funds, and help you set up a plan to reach all of your financial goals.
The opportunities for stock investment is not only limited to the stock markets of your home country. With the increasingly easier access to foreign economies, buying shares of international companies is now a practical option you can consider as part of diversifying your portfolio. It is also an opportunity to take part in booming economies and faster-growing stock markets.
Like any other investment venture, investing abroad has its own set of benefits and risks. They key is to consider the pros and cons and evaluate if this fits your risk tolerance as an investor. Most investors who venture beyond their home countries are high net worth individuals who have a fund surplus after investing in local stocks, bonds, mutual funds, real estate, etc. Buying foreign shares is not limited to rich investors though. You can start with just $500 and build from there if you later decide that international stock markets suit your portfolio.
About the Author:
Jon Caldwell has extensive knowledge in accounting and finance practices. You can find out more on accounting at http://www.accountingshack.net/accountingshack_cat/accountlist.php
Long Term Care Insurance, What Am I Protecting?
What does long term care insurance protect? In some instances this is an obvious answer. Let's keep the burden of care giving away from our kids; they have their own lives to live. The other obvious answer is protecting ones assets. The longer we live the greater the chances of having a long term care event in our lives. Let's take a look at both areas.
Having come from a family where my mother was the primary care giver for my grandmother after her onset of Alzheimer's disease, I can truly concur with many people who absolutely do not want to, and will not put their own children in peril of being a caregiver.
I actually saw my own mother age probably 10 years, over an actual 2 year period of care giving, before my grandmother was admitted to a 24-hour skilled care facility. This definitely made its mark on me, something one will never forget I assure you.
Other than the transfer of burden of away from your own children, there is one other item that sticks in my mind. That is the choice involved with your own care or your spouse's care.
Most people prefer to stay at home as long as possible. Long Term Care insurance is one way to accomplish this without dipping into family funds or care giving. Let's face it, a LTC event is costly, both mentally and financially. One year stay in a long term care facility can cost up to $90,000. That cost will rise significantly within the next 10 to 15 years. Without long term care insurance the options are very bleak unless you are independently wealthy. Having a plan that can offer financial means as well as a feeling of being in control is an alternative to having everything taken from you.
Secondly, your assets are being protected. There are basically three phases of money: Accumulation, Protection, and Disbursement.
Accumulation Phase
The accumulation phase is what you work for all your life to build up for retirement and to pass on to your heirs. Without a Long Term Care insurance policy, an event like Alzheimer's or a Stroke could definitely put this nest egg of accumulated wealth in jeopardy.
Protection Phase
The protection phase of money is just that, protects what you have worked for and earned over the years. You cannot look at LTC insurance as a cost, but rather a simple way to protect your assets so that they are there when you need them. If these assets are diminished from a LTC event, it could leave you, and or your spouse impoverished for many years to come. Not to mention not being able to pass assets on to your heirs in the disbursement phase of money.
With a Long Term Care insurance policy in hand, the possibility of having choice, being well cared for, not putting a burden on your kids, and being able to live out retirement in the manner of which you are accustomed becomes a real possibility!
In conclusion, long-term care insurance serves two purposes. The first is to provide money to help cover a long term care and event without having to burden our family are children with this responsibility. The second is to protect our nest egg from the financially devastating impact of a long term care event.
About the Author:
Neil Gholson, President LTC Financial Solutions began his career in the Insurance industry in 1989. . LTCi experience includes Regional Sales Manager for LTPC from 1999-2003, and Regional Manager for the National Education Association's Long Term Care Program. For more info visit: For more info visit: http://www.longtermcareinsurance-guide.com/long-term-care-insurance-protect.html
Having come from a family where my mother was the primary care giver for my grandmother after her onset of Alzheimer's disease, I can truly concur with many people who absolutely do not want to, and will not put their own children in peril of being a caregiver.
I actually saw my own mother age probably 10 years, over an actual 2 year period of care giving, before my grandmother was admitted to a 24-hour skilled care facility. This definitely made its mark on me, something one will never forget I assure you.
Other than the transfer of burden of away from your own children, there is one other item that sticks in my mind. That is the choice involved with your own care or your spouse's care.
Most people prefer to stay at home as long as possible. Long Term Care insurance is one way to accomplish this without dipping into family funds or care giving. Let's face it, a LTC event is costly, both mentally and financially. One year stay in a long term care facility can cost up to $90,000. That cost will rise significantly within the next 10 to 15 years. Without long term care insurance the options are very bleak unless you are independently wealthy. Having a plan that can offer financial means as well as a feeling of being in control is an alternative to having everything taken from you.
Secondly, your assets are being protected. There are basically three phases of money: Accumulation, Protection, and Disbursement.
Accumulation Phase
The accumulation phase is what you work for all your life to build up for retirement and to pass on to your heirs. Without a Long Term Care insurance policy, an event like Alzheimer's or a Stroke could definitely put this nest egg of accumulated wealth in jeopardy.
Protection Phase
The protection phase of money is just that, protects what you have worked for and earned over the years. You cannot look at LTC insurance as a cost, but rather a simple way to protect your assets so that they are there when you need them. If these assets are diminished from a LTC event, it could leave you, and or your spouse impoverished for many years to come. Not to mention not being able to pass assets on to your heirs in the disbursement phase of money.
With a Long Term Care insurance policy in hand, the possibility of having choice, being well cared for, not putting a burden on your kids, and being able to live out retirement in the manner of which you are accustomed becomes a real possibility!
In conclusion, long-term care insurance serves two purposes. The first is to provide money to help cover a long term care and event without having to burden our family are children with this responsibility. The second is to protect our nest egg from the financially devastating impact of a long term care event.
About the Author:
Neil Gholson, President LTC Financial Solutions began his career in the Insurance industry in 1989. . LTCi experience includes Regional Sales Manager for LTPC from 1999-2003, and Regional Manager for the National Education Association's Long Term Care Program. For more info visit: For more info visit: http://www.longtermcareinsurance-guide.com/long-term-care-insurance-protect.html
Should You Get A Mortgage Now?
It's never a good sign when your home loan company files for bankruptcy. Sadly, that's just what's happening to many sub-prime mortgage lenders these days. Mortgage rates are low right now (about 5.5% - 6% for a 15-year fixed interest loan at the time of this writing), but the lenders who managed to stay afloat are tightening their lending guidelines. Should you get a mortgage while the housing market is so volatile?
Simply put, yes, you should get a mortgage if you're in a position to afford a house. But it's not that simple. Before you sign that dotted line, you need to consider some things.
First, do your research. Learn about mortgages and mortgage professionals. If you get a good offer, don't assume that it's the best you'll get. Shop around and compare offers. You might find that that initial offer wasn't as great as it seemed. Compare the terms you're offered to the current national mortgage rates. You can find these online at My FICO. By familiarizing yourself with what's out there and with what can be expected, you're protecting yourself from scams.
Mortgage scams are a problem, but they can be avoided. Just remember that mortgages that seem too good to be true probably are. The Mortgage Asset Research Institute reported that 26 states have "serious problems with mortgage fraud". Some tactics include pressuring home buyers to file quitclaim deeds; buying homes at low prices and re-selling them for profit through dishonest appraisals; and manipulating fees and penalties to re-classify performing loans as defaults.
When choosing who you'll do business with, be sure to select an established business with a good reputation. This doesn't necessarily mean that the largest lenders will give you the best terms; don't forget to look for local firms, too. Check them out online through the Better Business Bureau and Rip-off Report. Ask to speak with previous clients, or solicit opinions through online forums or classified ads. If you're very concerned, you can always hire a lawyer to represent your best interests.
Also, don't accept a variable-interest loan, or a mortgage with a low-interest introductory period. That period won't last forever, and your interest rates – and monthly payments – will likely soar when it's over. Look at how many homes have been foreclosed because buyers couldn't afford the payments after their interest reset at a higher rate. Carefully read everything you sign, and demand clarification for any vague or unspecified points. It wouldn't hurt to have an attorney look it over, too.
Finally, you should consider using a professional mortgage broker. As pros, they have the knowledge and resources to find great loans quickly and easily. Using a broker will cost you some up front money, but will save you time and stress.
We've all heard the myriad horror stories about families losing their homes, houses that were foreclosed and auctioned off for insultingly low prices. This should not scare you away from buying a home, but it should serve as a cautionary tale for anyone looking to secure a mortgage: take your time, and do your homework. If you get caught up in the dream of owning your own home, you're more prone to take the first good deal that comes along. Don't make yourself vulnerable to unscrupulous lenders. Instead, arm yourself with knowledge and keep your head about you. Taking your time to think things through could make all the difference.
About the Author:
This article has been provided courtesy of Destroy Debt, http://www.destroydebt.com/
Simply put, yes, you should get a mortgage if you're in a position to afford a house. But it's not that simple. Before you sign that dotted line, you need to consider some things.
First, do your research. Learn about mortgages and mortgage professionals. If you get a good offer, don't assume that it's the best you'll get. Shop around and compare offers. You might find that that initial offer wasn't as great as it seemed. Compare the terms you're offered to the current national mortgage rates. You can find these online at My FICO. By familiarizing yourself with what's out there and with what can be expected, you're protecting yourself from scams.
Mortgage scams are a problem, but they can be avoided. Just remember that mortgages that seem too good to be true probably are. The Mortgage Asset Research Institute reported that 26 states have "serious problems with mortgage fraud". Some tactics include pressuring home buyers to file quitclaim deeds; buying homes at low prices and re-selling them for profit through dishonest appraisals; and manipulating fees and penalties to re-classify performing loans as defaults.
When choosing who you'll do business with, be sure to select an established business with a good reputation. This doesn't necessarily mean that the largest lenders will give you the best terms; don't forget to look for local firms, too. Check them out online through the Better Business Bureau and Rip-off Report. Ask to speak with previous clients, or solicit opinions through online forums or classified ads. If you're very concerned, you can always hire a lawyer to represent your best interests.
Also, don't accept a variable-interest loan, or a mortgage with a low-interest introductory period. That period won't last forever, and your interest rates – and monthly payments – will likely soar when it's over. Look at how many homes have been foreclosed because buyers couldn't afford the payments after their interest reset at a higher rate. Carefully read everything you sign, and demand clarification for any vague or unspecified points. It wouldn't hurt to have an attorney look it over, too.
Finally, you should consider using a professional mortgage broker. As pros, they have the knowledge and resources to find great loans quickly and easily. Using a broker will cost you some up front money, but will save you time and stress.
We've all heard the myriad horror stories about families losing their homes, houses that were foreclosed and auctioned off for insultingly low prices. This should not scare you away from buying a home, but it should serve as a cautionary tale for anyone looking to secure a mortgage: take your time, and do your homework. If you get caught up in the dream of owning your own home, you're more prone to take the first good deal that comes along. Don't make yourself vulnerable to unscrupulous lenders. Instead, arm yourself with knowledge and keep your head about you. Taking your time to think things through could make all the difference.
About the Author:
This article has been provided courtesy of Destroy Debt, http://www.destroydebt.com/
The Do's And Don'ts Of Secured Credit Cards
It's hard to get away from using a credit card these days. If you want to travel, you must have a credit card to reserve a hotel room. Renting a car? It takes a credit card. Want to get a membership at the new video rental store? Present your credit card, please.
For those with bad or challenged credit, life can be tough without a credit card. Secured credit cards can help to bridge this gap for those without credit or with damaged credit.
A secured credit card works like this: you deposit a set amount into an account (usually between $300 and $500) and that becomes your credit limit. Your deposit, in essence, "secures" the credit card. If you don't pay, your money becomes the issuing credit card company's security against default.
After you have established good credit, you can increase the credit line by depositing more money, or the credit card company might extend you more credit without an additional deposit.
Secured credit cards can be an excellent choice for many people, but there are a few things to know:
* Almost all secured credit cards have an annual fee. But these fees can vary greatly from one issuing company to another. Shop around.
* Many banks no longer offer secured credit cards, but often credit unions do. If you want to go this route, you can open an account at many credit unions for as little as $5 and then look into the secured credit card there.
* Most issuing companies will require that you pay the balance in full each month. They don't take your payment due from the money you have deposited – you must send a payment just as you would for a traditional credit card. These are usually not revolving credit accounts.
If you think a secured credit card is the right thing for you, there are some do's and don'ts to consider. First, the do's:
* DO shop around. Not all offers are the same. Don't take the first offer that appears in your mailbox. Do your own research.
* DO look into getting a secured credit card with a higher balance if that's what you need. In other words, if you have $3,000 to deposit, find an issuing company that will allow you to deposit that much to start so your limit will be higher.
* DO make sure this is the best option for you. If you have never had credit before, or you have severely damaged credit, this might be the only option. But if you think you can get a traditional card, that's a better option.
* DO read all the fine print. Every single word. Some companies charge so many fees, your small $300 deposit might be eaten up in fees before you can ever use the card. Some require you to purchase insurance, for $50 or more a month. But many companies don't do these things and those are the companies you're looking for. Do your research and get the best deal for you.
Although secured credit cards are a good option for many people, there are some don't considerations. These include:
* DON'T be casual about this credit card. If you have damaged credit, using a secured credit card is an excellent way to re-establish your good credit rating. If you have never had credit, this is a way to establish credit so you can acquire traditional credit later.
* DON'T try to go over your limit (or deposit amount). Not only will the charge not go through, but it will be a mark against you. Keep careful records each month you use the card so you know you're not charging right up against the credit limit.
About the Author:
This article has been provided courtesy of Creditor Web, http://www.creditorweb.com
Understanding Your Credit Card Rights
When you apply for and are issued credit, your signature on the credit application acts as your acceptance of the terms set forth by the issuing financial institution. Even though it may seem that the issuer has the upper hand in all matters related to using the credit, that's not entirely true.
You have certain rights, many of which are provided under the Fair Credit Billing Act. What's important when exercising these rights is ensuring that you take all required steps in the order and time frame specified. Let' start with the biggest credit problem, billing disputes.
Billing disputes
Billing disputes in which merchants charge cardholders for items not received or items received defective happen all the time. According to the Fair Credit Billing Act, you have a right to dispute such charges by taking the following steps.
Step 1
Within 60 days of the date you received the first statement listing the disputed item, you must contact the issuer of the credit card in writing. Be sure to use the separate address listed for Billing Inquiries. Also be sure to mail your letter which must include your name as listed on the cardholder account, account number, details of the disputed item and what you want to happen (i.e., that the error be corrected).
Step 2
Before sending the letter, sign it and make a copy for your records. Include copies of all supporting documentation (dated receipts, etc.) and use a mailing method that offers proof of delivery such as certified mail. The issuer will notify you within 30 days of receipt of your written dispute and will then investigate the matter.
While the investigation is underway you are not required to pay for the item in dispute nor the corresponding finance charges. If the dispute sides in your favor, you are released from further liability in the matter. If not, you will be responsible for making the payment as outlined in cardholder agreement.
Unauthorized charges
This is another big problem with credit cards. However, as a cardholder, your responsibility for proven unauthorized charges is limited to $50; not the full amount. Unauthorized charges can easily run into the hundreds and thousands of dollars so even though it seems high, $50 is a small price to pay if you're ever a victim of identity theft.
When you cannot pay your bill
When you use credit cards to make purchases you're considered a debtor. If you're ever not able to repay credit debt that you incur, you'll likely be contacted by a debt collector.
In the past, debt collectors used all sorts of threatening and intimidating tactics in their efforts to collect debt. Fortunately, the Fair Debt Collection Practices Act prohibits such unfair treatment of debtors. The Act also determines when and how debt collectors may contact debtors. For example, debt collectors are prohibited from making false statements about you or your debt or about any consequences of you not paying that debt, such as saying you'll be arrested or that your wages will be garnished.
None of the above means you're relieved of your responsibility to repay your debt. It just means you have the right to be treated fairly while debt collection efforts are underway.
For more information
If there's ever any question about your credit card rights and you need fair, unbiased answers including an explanation of your rights, try contacting the FTC at http://www.ftc.gov/. There you can learn about credit card fraud, dealing with lost or stolen credit/debit cards, fair billing rights, unfair or deceptive business practices, internet and phone orders, and more. Information on these and other consumer issues is free.
To better understand your credit cards rights as they relate to complicated issues such as declaring bankruptcy or divorce, consider consulting an attorney.
About the Author:
This article has been provided courtesy of Creditor Web, http://www.creditorweb.com
You have certain rights, many of which are provided under the Fair Credit Billing Act. What's important when exercising these rights is ensuring that you take all required steps in the order and time frame specified. Let' start with the biggest credit problem, billing disputes.
Billing disputes
Billing disputes in which merchants charge cardholders for items not received or items received defective happen all the time. According to the Fair Credit Billing Act, you have a right to dispute such charges by taking the following steps.
Step 1
Within 60 days of the date you received the first statement listing the disputed item, you must contact the issuer of the credit card in writing. Be sure to use the separate address listed for Billing Inquiries. Also be sure to mail your letter which must include your name as listed on the cardholder account, account number, details of the disputed item and what you want to happen (i.e., that the error be corrected).
Step 2
Before sending the letter, sign it and make a copy for your records. Include copies of all supporting documentation (dated receipts, etc.) and use a mailing method that offers proof of delivery such as certified mail. The issuer will notify you within 30 days of receipt of your written dispute and will then investigate the matter.
While the investigation is underway you are not required to pay for the item in dispute nor the corresponding finance charges. If the dispute sides in your favor, you are released from further liability in the matter. If not, you will be responsible for making the payment as outlined in cardholder agreement.
Unauthorized charges
This is another big problem with credit cards. However, as a cardholder, your responsibility for proven unauthorized charges is limited to $50; not the full amount. Unauthorized charges can easily run into the hundreds and thousands of dollars so even though it seems high, $50 is a small price to pay if you're ever a victim of identity theft.
When you cannot pay your bill
When you use credit cards to make purchases you're considered a debtor. If you're ever not able to repay credit debt that you incur, you'll likely be contacted by a debt collector.
In the past, debt collectors used all sorts of threatening and intimidating tactics in their efforts to collect debt. Fortunately, the Fair Debt Collection Practices Act prohibits such unfair treatment of debtors. The Act also determines when and how debt collectors may contact debtors. For example, debt collectors are prohibited from making false statements about you or your debt or about any consequences of you not paying that debt, such as saying you'll be arrested or that your wages will be garnished.
None of the above means you're relieved of your responsibility to repay your debt. It just means you have the right to be treated fairly while debt collection efforts are underway.
For more information
If there's ever any question about your credit card rights and you need fair, unbiased answers including an explanation of your rights, try contacting the FTC at http://www.ftc.gov/. There you can learn about credit card fraud, dealing with lost or stolen credit/debit cards, fair billing rights, unfair or deceptive business practices, internet and phone orders, and more. Information on these and other consumer issues is free.
To better understand your credit cards rights as they relate to complicated issues such as declaring bankruptcy or divorce, consider consulting an attorney.
About the Author:
This article has been provided courtesy of Creditor Web, http://www.creditorweb.com
Get Rewards That Feel Rewarding
In the modern world, credit cards have become a basic necessity. Between the ease of using them for shopping, whether in person or online, and the necessity of having one in order to do simple things like make hotel and car reservations, it's difficult to impossible to go without one for long. So as long as you have to have one, you may as well be getting some benefit out of it. Different credit cards come with a vast array of rewards programs that can be redeemed for a variety of products and services, so check out the available options and get a card that actually feels rewarding.
If you have the travel bug, or frequently travel on business, you should consider getting a frequent flier credit card. These credit cards earn you air miles for the purchases that you make on your card and, depending upon the card sponsor, may even give you double benefits for spending at specific venues. Frequent flier credit cards can be sponsored either by a bank, or by an airline, and which type of card-sponsorship you chose can change the benefits you will get.
If you chose an airline-sponsored card, you will get benefits like air miles and airport lounge privileges, but only with your sponsoring airline, so you'll want to make sure it's an airline that travels in your area, and where you want to go. On the other hand, if you go with a bank-sponsored frequent flier credit card, you can use your miles with more than one airline.
The most important thing about using a frequent flier credit card is to watch the fine print. Most frequent flier credit cards come with heavy interest rates, so you only want to use this card for purchases you know you can pay off every month.
Flying isn't for everyone, and credit card companies know this, so there are lots of other options for people who want to enjoy credit card rewards close to home with both of their feet planted solidly on the ground. If you have a long commute, or frequently go on road-trips, you might investigate different gas rebate cards. Gas rebate cards give you cash rebates on the gas that you buy for a small percentage of the overall cost of your gas. Some even offer rebates on the oil you use to heat your home, or purchases that you make at applicable gas stations' convenience stores. The percentage of the rebate varies from card to card, but most of them will send you your rebate once a year in one lump sum so that you really see your savings.
As with the frequent flier credit card, though, it's really only worthwhile to get a gas rebate if you don't plan on carrying a balance. These cards typically come with higher interest rate for any unpaid balance, so only use your gas rebate credit card if you know you'll be able to pay it off.
Feeling like you might miss out on rewards because you aren't constantly on the move? There are options for you too! Different rewards cards offer reward points that can go toward anything from Broadway tickets to books. Entertainment cards are usually pretty benefit-specific, so you'll want to pick a card that offers you points at a place where you'll actually be interested in using them.
But always remember, the terms and conditions always matter more than the rewards you might get from a credit card, especially if you plan on carrying a balance. Free tickets to Cats aren't worth getting stuck with a bad interest rate on your debt.
About the Author:
This article has been provided courtesy of Creditor Web, http://www.creditorweb.com
If you have the travel bug, or frequently travel on business, you should consider getting a frequent flier credit card. These credit cards earn you air miles for the purchases that you make on your card and, depending upon the card sponsor, may even give you double benefits for spending at specific venues. Frequent flier credit cards can be sponsored either by a bank, or by an airline, and which type of card-sponsorship you chose can change the benefits you will get.
If you chose an airline-sponsored card, you will get benefits like air miles and airport lounge privileges, but only with your sponsoring airline, so you'll want to make sure it's an airline that travels in your area, and where you want to go. On the other hand, if you go with a bank-sponsored frequent flier credit card, you can use your miles with more than one airline.
The most important thing about using a frequent flier credit card is to watch the fine print. Most frequent flier credit cards come with heavy interest rates, so you only want to use this card for purchases you know you can pay off every month.
Flying isn't for everyone, and credit card companies know this, so there are lots of other options for people who want to enjoy credit card rewards close to home with both of their feet planted solidly on the ground. If you have a long commute, or frequently go on road-trips, you might investigate different gas rebate cards. Gas rebate cards give you cash rebates on the gas that you buy for a small percentage of the overall cost of your gas. Some even offer rebates on the oil you use to heat your home, or purchases that you make at applicable gas stations' convenience stores. The percentage of the rebate varies from card to card, but most of them will send you your rebate once a year in one lump sum so that you really see your savings.
As with the frequent flier credit card, though, it's really only worthwhile to get a gas rebate if you don't plan on carrying a balance. These cards typically come with higher interest rate for any unpaid balance, so only use your gas rebate credit card if you know you'll be able to pay it off.
Feeling like you might miss out on rewards because you aren't constantly on the move? There are options for you too! Different rewards cards offer reward points that can go toward anything from Broadway tickets to books. Entertainment cards are usually pretty benefit-specific, so you'll want to pick a card that offers you points at a place where you'll actually be interested in using them.
But always remember, the terms and conditions always matter more than the rewards you might get from a credit card, especially if you plan on carrying a balance. Free tickets to Cats aren't worth getting stuck with a bad interest rate on your debt.
About the Author:
This article has been provided courtesy of Creditor Web, http://www.creditorweb.com
Thursday, December 13, 2007
Bankruptcy Debt Relief - The Last Resort
Are you buried neck-deep in debt? Do you owe a total of more than a hundred thousand dollars? Have you been repeatedly turned down by debt relief services? If so, don't lose hope because there is still one last resort for you and that is to file for bankruptcy.
Bankruptcy debt relief has been the way out for thousands of people who have no idea of how to escape the financial hole they have inadvertently trapped themselves in. There are even individuals who have filed for bankruptcy more than once in their life.
However, before you join their ranks and go for bankruptcy debt relief yourself, you have to make sure first that there is really no other option for you.
The moment you file for bankruptcy, you will immediately be free of all existing debts. This idea might sound very appealing especially for someone who is already up against the wall in terms of financial obligations. However, you will have to completely understand the workings of the bankruptcy debt relief system before you affix your signature on the bankruptcy documents.
Probably the biggest drawback of bankruptcy debt relief is that once you are officially declared bankrupt, your Credit Bureau report will be stamped with the word 'Bankruptcy' in big, bold letters. When the lending companies see this on your record, you can be sure that they will not be sending any credit card offers your way.
Usually, your credit report will be cleared only after a period of seven years. This means that during this time, you will have to live on whatever cash you have because no creditor will be crazy enough to lend money to someone who obviously doesn't have the means to pay for it. Of course, you can always borrow from generous relatives and friends but that would probably push down your rank in their list of favorite people in town.
Seven years can be a pretty long time and it may not be worth the initial freedom that you can get from bankruptcy debt relief. It is therefore critical that you try all alternatives first before filing for bankruptcy. There are thousands of institutions in the country that offer debt counseling services.
Before opting for bankruptcy debt relief, it would be a good idea to consult with some of these financial experts and bankruptcy attorneys so that you can determine if bankruptcy debt relief is in fact the best option to take.
When you are at a financial website that claims to offer debt relief programs, the first thing you have to look for is whether the address and phone number of their company is listed on the site. If there is no contact information and only a P.O. Box number is supplied, that is a sure sign of a scam and you shouldn't waste your time on that site.
If a telephone number is listed, you must try calling the debt relief program company. Communicating on the phone with an actual person is always better than just corresponding with them via email.
About the Author:
You can also find more info on http://www.getdebtreductionhelp.com/category/credit-card-debt-reduction on credit card debt reduction and http://www.getdebtreductionhelp.com/category/debt-consolidation-and-reduction-is-the-way-to-financial-freedom on debt consolidation.
Bankruptcy debt relief has been the way out for thousands of people who have no idea of how to escape the financial hole they have inadvertently trapped themselves in. There are even individuals who have filed for bankruptcy more than once in their life.
However, before you join their ranks and go for bankruptcy debt relief yourself, you have to make sure first that there is really no other option for you.
The moment you file for bankruptcy, you will immediately be free of all existing debts. This idea might sound very appealing especially for someone who is already up against the wall in terms of financial obligations. However, you will have to completely understand the workings of the bankruptcy debt relief system before you affix your signature on the bankruptcy documents.
Probably the biggest drawback of bankruptcy debt relief is that once you are officially declared bankrupt, your Credit Bureau report will be stamped with the word 'Bankruptcy' in big, bold letters. When the lending companies see this on your record, you can be sure that they will not be sending any credit card offers your way.
Usually, your credit report will be cleared only after a period of seven years. This means that during this time, you will have to live on whatever cash you have because no creditor will be crazy enough to lend money to someone who obviously doesn't have the means to pay for it. Of course, you can always borrow from generous relatives and friends but that would probably push down your rank in their list of favorite people in town.
Seven years can be a pretty long time and it may not be worth the initial freedom that you can get from bankruptcy debt relief. It is therefore critical that you try all alternatives first before filing for bankruptcy. There are thousands of institutions in the country that offer debt counseling services.
Before opting for bankruptcy debt relief, it would be a good idea to consult with some of these financial experts and bankruptcy attorneys so that you can determine if bankruptcy debt relief is in fact the best option to take.
When you are at a financial website that claims to offer debt relief programs, the first thing you have to look for is whether the address and phone number of their company is listed on the site. If there is no contact information and only a P.O. Box number is supplied, that is a sure sign of a scam and you shouldn't waste your time on that site.
If a telephone number is listed, you must try calling the debt relief program company. Communicating on the phone with an actual person is always better than just corresponding with them via email.
About the Author:
You can also find more info on http://www.getdebtreductionhelp.com/category/credit-card-debt-reduction on credit card debt reduction and http://www.getdebtreductionhelp.com/category/debt-consolidation-and-reduction-is-the-way-to-financial-freedom on debt consolidation.
Who Are Online Payday Loans For?
There may be a time where you are hit with an unexpected cash emergency, such as a bank overdraft, an unforeseen car repair, medical bill, or unexpectedly high utility payment. If you find yourself in a situation where you need emergency cash, there is now the option to apply for an online payday loan. When handled correctly, receiving an online payday loan is an advantageous economical alternative to costly overdraft fees, bounced check charges, taxes or possibly losing your job if you do not have money on hand for a needed car repair.
The months. The criterion regarding the minimum amount of time you have to be employed will vary depending on the payday lender and their policies.
The last major requirement for an online payday loan is verifiable income. The minimum required take home pay is dependent upon the payday lender and can vary from $1,200 to $2,000 a month. Since your payment would be automatically deducted from your bank account, you must have requirements for an online payday loan are few. First, you must have access to the computer and the Internet. With many households having at least one PC with the Internet, the ability to perform tasks that used to require you to personally visit the company or establishment, like applying for a cash advance or short-term loan, can now be performed in the privacy of your own home.
Secondly, to be eligible for instant cash through an online payday loan you must be at least 18 years old and employed permanently full time or part time for a minimum of 3 months, a checking account and be paid by direct deposit from your place of employment.
If you were considering applying for your first online payday loan, the amount that you could borrow would be dependent on policies of the payday lender you choose. Australias leading online payday loan lender allows payday loan recipients to borrow up to 30% of their net income. Regardless of your income, if you were paid weekly and you are a first time borrower, your maximum loan would not exceed $200. If you were paid every two weeks or fortnightly, the maximum online payday loan allowable would be $300. If you are paid monthly, you could borrow the lesser amount of $400 or 20% of your income. After you paid off your first loan, most payday lenders would allow you to borrow more on your next loan as long as your situation did not change.
Applying for an online payday loan would be a means to secure money quickly for those with a PC and have steady income such as those in clerical, recruiting, accounts, sales and insurance. If you manage your loan correctly, receiving an online payday loan would be a cost efficient alternative to paying costly overdraft fees, bounced check charges or possibly losing your job if you could not afford a repair on your vehicle. For these reasons, consult an online loan company. They are the convenient and hassle free way to solve some of your financial problems.
About the Author:
Greg Ellis co-founded Cash Doctors, Australias largest online payday lender. Cash Doctors founders understand the Internet and their clients intimately, having found themselves in need of a source of fast, convenient credit in years gone by. In 2005 they created one http://www.cashdoctors.com.au/
The months. The criterion regarding the minimum amount of time you have to be employed will vary depending on the payday lender and their policies.
The last major requirement for an online payday loan is verifiable income. The minimum required take home pay is dependent upon the payday lender and can vary from $1,200 to $2,000 a month. Since your payment would be automatically deducted from your bank account, you must have requirements for an online payday loan are few. First, you must have access to the computer and the Internet. With many households having at least one PC with the Internet, the ability to perform tasks that used to require you to personally visit the company or establishment, like applying for a cash advance or short-term loan, can now be performed in the privacy of your own home.
Secondly, to be eligible for instant cash through an online payday loan you must be at least 18 years old and employed permanently full time or part time for a minimum of 3 months, a checking account and be paid by direct deposit from your place of employment.
If you were considering applying for your first online payday loan, the amount that you could borrow would be dependent on policies of the payday lender you choose. Australias leading online payday loan lender allows payday loan recipients to borrow up to 30% of their net income. Regardless of your income, if you were paid weekly and you are a first time borrower, your maximum loan would not exceed $200. If you were paid every two weeks or fortnightly, the maximum online payday loan allowable would be $300. If you are paid monthly, you could borrow the lesser amount of $400 or 20% of your income. After you paid off your first loan, most payday lenders would allow you to borrow more on your next loan as long as your situation did not change.
Applying for an online payday loan would be a means to secure money quickly for those with a PC and have steady income such as those in clerical, recruiting, accounts, sales and insurance. If you manage your loan correctly, receiving an online payday loan would be a cost efficient alternative to paying costly overdraft fees, bounced check charges or possibly losing your job if you could not afford a repair on your vehicle. For these reasons, consult an online loan company. They are the convenient and hassle free way to solve some of your financial problems.
About the Author:
Greg Ellis co-founded Cash Doctors, Australias largest online payday lender. Cash Doctors founders understand the Internet and their clients intimately, having found themselves in need of a source of fast, convenient credit in years gone by. In 2005 they created one http://www.cashdoctors.com.au/
Secrets Of Eating Healthy And Cheap
There are many secrets in the world of food and many secrets in the world of fiscal management. This article will attempt to focus on both by presenting a reasonable point of view that expresses the benefits of healthy eating and how it can have a positive impact on your financial reality. You do not have to spend more cash to eat properly, but you do have to shop smart and keep your eyes open for ideas and ways in which to prepare food in more healthy, smart ways.
Eating healthy is generally seen as a matter of balance. Do not attempt to cut out that cheeseburger or that BBQ ribs meal without cause. That said you should aim to have a balanced diet. A nutritious diet should be low in saturated fat and contain mostly breads, cereals, vegetables and fruit. Cut out the occasions on which you eat less nutritious foods and replace it with a healthier alternative on two-thirds of the times you partake. This helps ensure that you are maintaining many of the facets of your original dietary plan and merely integrating new aspects to your diet, helping you get over any transitional period by showing your body and your palette that your old tastes still exist and are still possible to enjoy. Create short term goals that are achievable. If you reach your goal, allow yourself a small treat.
In order to perform this task and accomplish this goal without damaging your budget ideologies, you need to shop smart with your cash. For some, creating a list before going shopping helps ensure that you stick to a budget. As long as you stick to only buying items on the list, you can also ensure that you don't purchase too many non-nutritious items. Try vegetable markets and fruit stands for those items, as they tend to have a higher quality product offered at a lower cost to the consumer. They cut out the middle person, being the supermarket, which in turn cuts out a lot of the cost. Often, produce brought through these outlets may be fresher and of a higher nutritional quality. Try a local butcher as well. The same reasoning applies here as the butcher merely brings the quality meat to the consumer instead of passing through another avenue. It is always best and, generally, less expensive to seek out smaller retailers for your quality items.
Ration yourself and your finances. Remember, too, the important principle of seeking help when you need it. If you need help planning your diet around your budget, you may want to consult a dietician. If you need help planning your cash situation in general, you may want to consult various online and offline financial institutions. Various useful articles can be found online about issues like budgeting, loans or even just finance in general. Some finance companies can transform the reality of your financial situation into something else. You may find that a short term loan, cash advance or payday loan could be your best option. By having both a healthy diet and a great fiscal outlook thanks to some loan companies, the sky is virtually the limit.
About the Author:
Greg Ellis co-founded Cash Doctors, Australia's largest online payday lender. Cash Doctors' founders understand the Internet and their clients intimately, having found themselves in need of a source of fast, convenient credit in years gone by. In 2005 they created one http://www.cashdoctors.com.au/
Eating healthy is generally seen as a matter of balance. Do not attempt to cut out that cheeseburger or that BBQ ribs meal without cause. That said you should aim to have a balanced diet. A nutritious diet should be low in saturated fat and contain mostly breads, cereals, vegetables and fruit. Cut out the occasions on which you eat less nutritious foods and replace it with a healthier alternative on two-thirds of the times you partake. This helps ensure that you are maintaining many of the facets of your original dietary plan and merely integrating new aspects to your diet, helping you get over any transitional period by showing your body and your palette that your old tastes still exist and are still possible to enjoy. Create short term goals that are achievable. If you reach your goal, allow yourself a small treat.
In order to perform this task and accomplish this goal without damaging your budget ideologies, you need to shop smart with your cash. For some, creating a list before going shopping helps ensure that you stick to a budget. As long as you stick to only buying items on the list, you can also ensure that you don't purchase too many non-nutritious items. Try vegetable markets and fruit stands for those items, as they tend to have a higher quality product offered at a lower cost to the consumer. They cut out the middle person, being the supermarket, which in turn cuts out a lot of the cost. Often, produce brought through these outlets may be fresher and of a higher nutritional quality. Try a local butcher as well. The same reasoning applies here as the butcher merely brings the quality meat to the consumer instead of passing through another avenue. It is always best and, generally, less expensive to seek out smaller retailers for your quality items.
Ration yourself and your finances. Remember, too, the important principle of seeking help when you need it. If you need help planning your diet around your budget, you may want to consult a dietician. If you need help planning your cash situation in general, you may want to consult various online and offline financial institutions. Various useful articles can be found online about issues like budgeting, loans or even just finance in general. Some finance companies can transform the reality of your financial situation into something else. You may find that a short term loan, cash advance or payday loan could be your best option. By having both a healthy diet and a great fiscal outlook thanks to some loan companies, the sky is virtually the limit.
About the Author:
Greg Ellis co-founded Cash Doctors, Australia's largest online payday lender. Cash Doctors' founders understand the Internet and their clients intimately, having found themselves in need of a source of fast, convenient credit in years gone by. In 2005 they created one http://www.cashdoctors.com.au/
Shopping On A Budget
Most of us struggle to find clothing for girls that don't make your favorite five-year-old look like a midget Britney Spears. There are plenty of stores to find age appropriate items like Old Navy, Children's Place, and the Gap. These stores offer great pieces, for reasonable prices. Always buy items like pants and jackets one size up, so that it can last into the beginning of the following year.
H&M has some of cutest clothing for girls at even cheaper prices than the GAP. Avoid department stores that tend to price childrens clothing at the same price point as adults. There is no justification for a 4T Ralph Lauren skirt to cost that same as an adult skirt. The one exception is at Macys, which has great deals on children's clothing during their major sale events.
The best store to bargain shop for girls is at Target. The options are limitless and the clothes are well constructed with most items in the $10-$17 range. Plus shopping at target is very acceptable (unlike K-MART), so you can save money without worry about the "cool" factor.
It seems like the designers for boys clothing are hell-bent on making them look like little action heroes. Bargain shopping for these tykes is an art form that few know how to do. Target has great stuff for little guys, with Children's Place giving the most for your bucks. However, SEARS is also a great place to find cute little items from designers like Sean John and Levi, for very reasonable prices.
Although Old Navy is great place for basics like Cargo pants, the really cool stuff is at GAP. Bright colored lumberjack jackets and knit caps will keep your little guy looking stylish. Another good place is Marshall's and T.J. Maxx. Usually both these stores have nice suits from designers like Polo Ralph Lauren for such a bargain that you could also pick them up a little toy to make up for forcing them to go shopping.
Further signs of a shift in the market include both Morrisons and Tesco selling energy efficient lightbulbs at low prices, while Asda, the Co-op and Somerfield greatly increased the proportion of in-season vegetables produced in the UK.
But the survey, carried out by the independent group Sustain, says no retailer has yet risen to the challenge of being a truly green business, with even the top performers failing to implement basic measures. No supermarket got top marks for the amount of British in-season produce on sale, while the report noted the "wildly varying performance" in terms of unnecessary packaging and plastic bags.
Larry Whitty, chair of the NCC, said: "The food we eat is responsible for one-third of our impact on climate change. NCC's research has spotted important signs of progress right across the market ... but much remains to be done if supermarkets are to become truly green grocers."
Meanwhile, separate research being published today by the Climate Group reveals poor consumer awareness of companies taking the lead on climate change. The research shows that two-thirds of people were unable to name any brands that are taking a lead, but said 80% of consumers were making some effort to be green.
About the Author:
Jon Caldwell is an avid bargain shopper consumer. You can check out his latest shopping spree at http://www.bargain-shoppers.com/bargain-shopperscat/bargain-shopperslist.php
H&M has some of cutest clothing for girls at even cheaper prices than the GAP. Avoid department stores that tend to price childrens clothing at the same price point as adults. There is no justification for a 4T Ralph Lauren skirt to cost that same as an adult skirt. The one exception is at Macys, which has great deals on children's clothing during their major sale events.
The best store to bargain shop for girls is at Target. The options are limitless and the clothes are well constructed with most items in the $10-$17 range. Plus shopping at target is very acceptable (unlike K-MART), so you can save money without worry about the "cool" factor.
It seems like the designers for boys clothing are hell-bent on making them look like little action heroes. Bargain shopping for these tykes is an art form that few know how to do. Target has great stuff for little guys, with Children's Place giving the most for your bucks. However, SEARS is also a great place to find cute little items from designers like Sean John and Levi, for very reasonable prices.
Although Old Navy is great place for basics like Cargo pants, the really cool stuff is at GAP. Bright colored lumberjack jackets and knit caps will keep your little guy looking stylish. Another good place is Marshall's and T.J. Maxx. Usually both these stores have nice suits from designers like Polo Ralph Lauren for such a bargain that you could also pick them up a little toy to make up for forcing them to go shopping.
Further signs of a shift in the market include both Morrisons and Tesco selling energy efficient lightbulbs at low prices, while Asda, the Co-op and Somerfield greatly increased the proportion of in-season vegetables produced in the UK.
But the survey, carried out by the independent group Sustain, says no retailer has yet risen to the challenge of being a truly green business, with even the top performers failing to implement basic measures. No supermarket got top marks for the amount of British in-season produce on sale, while the report noted the "wildly varying performance" in terms of unnecessary packaging and plastic bags.
Larry Whitty, chair of the NCC, said: "The food we eat is responsible for one-third of our impact on climate change. NCC's research has spotted important signs of progress right across the market ... but much remains to be done if supermarkets are to become truly green grocers."
Meanwhile, separate research being published today by the Climate Group reveals poor consumer awareness of companies taking the lead on climate change. The research shows that two-thirds of people were unable to name any brands that are taking a lead, but said 80% of consumers were making some effort to be green.
About the Author:
Jon Caldwell is an avid bargain shopper consumer. You can check out his latest shopping spree at http://www.bargain-shoppers.com/bargain-shopperscat/bargain-shopperslist.php
Saturday, December 08, 2007
Gas Reward Cards - An Extra Gallon Can Truly Help
By Derek Lenehan
I'd like to share an experience I had a few weeks ago. I was putting gas into my '92 Eagle Talon at a gas station a couple miles from my home. Perhaps I hadn't anticipated rising fuel costs, or I wasn't conscious of my wallet contents, but I filled my car with $32 of regular unleaded, and I only had $30 on me. A mere two dollar oversight.
I did what any typical driver would do in this situation: I began raking beneath my seats for any change I could find. A chipped fingernail, two packets of barbeque sauce and an unopened piece of mail later, I had discovered only 98 cents comprised of mostly pennies with a couple nickels encapsulated in an unknown sticky substance.
I asked the portly station attendant if he could spot me the $1.02 that I lacked. He sized me up while spitting tobacco juice into a Fanta can, and promptly said no. I waited for a kind-hearted customer to arrive that I could beg from, but that proved fruitless after a half hour. Never fill your tank around 3:45 a.m., it's asking for doom.
'How could this have been avoided?' I asked myself while walking the distance back home to retrieve a dollar and two cents. I thought real hard and realized that I wanted two things to change. First, I didn't want to have to rely on my spotty memory and cash. Second, I wanted to be repaid for this fiasco, I wanted to get a reward to soothe my ruffled feathers.
The answer became simple. I'd seen the ads everywhere, and why I hadn't done it before was a mystery. A credit card that features cash back on gas purchases. Several companies offer them with a cash back reward of about 5% on any money spent on fuel.
I did the math while attempting a shortcut through a golf course. 5% on my $32 purchase was $1.60. Combined with the sticky change I had mined from beneath my seats, I would have able to pay for the fuel and even thrown in a half gallon of generic iced tea.
I realized shortly after, while walking across the fairway on the scenic and lovely 14th hole, that the rewards aren't typically instant. This information only had me down for a moment or two, because I realized that if I'd had a gas rewards credit card from the first day I had a car, the cash back I could have amassed over time would have been easily enough to pay for the entire tank. Maybe two.
I got home at 5:54 a.m., pawed through my change jar and took what I needed. A police officer stopped me while I was walking back to the gas station, and was kind enough to give me a ride back. I paid the bill, drove back, immediately went to bed as the sun was rising, and dreamt of fuel-beneficial credit cards and a better pair of shoes.
About the Author:
Derek Lenehan attends Kent State University in pursuit of a major in Journalism. He is also a credit card commentator at CompareCC.com, a site dedicated to providing the largest selection of gas reward credit cards available online.
Article Source: Article Submission Directory - Easy Article Submit
I'd like to share an experience I had a few weeks ago. I was putting gas into my '92 Eagle Talon at a gas station a couple miles from my home. Perhaps I hadn't anticipated rising fuel costs, or I wasn't conscious of my wallet contents, but I filled my car with $32 of regular unleaded, and I only had $30 on me. A mere two dollar oversight.
I did what any typical driver would do in this situation: I began raking beneath my seats for any change I could find. A chipped fingernail, two packets of barbeque sauce and an unopened piece of mail later, I had discovered only 98 cents comprised of mostly pennies with a couple nickels encapsulated in an unknown sticky substance.
I asked the portly station attendant if he could spot me the $1.02 that I lacked. He sized me up while spitting tobacco juice into a Fanta can, and promptly said no. I waited for a kind-hearted customer to arrive that I could beg from, but that proved fruitless after a half hour. Never fill your tank around 3:45 a.m., it's asking for doom.
'How could this have been avoided?' I asked myself while walking the distance back home to retrieve a dollar and two cents. I thought real hard and realized that I wanted two things to change. First, I didn't want to have to rely on my spotty memory and cash. Second, I wanted to be repaid for this fiasco, I wanted to get a reward to soothe my ruffled feathers.
The answer became simple. I'd seen the ads everywhere, and why I hadn't done it before was a mystery. A credit card that features cash back on gas purchases. Several companies offer them with a cash back reward of about 5% on any money spent on fuel.
I did the math while attempting a shortcut through a golf course. 5% on my $32 purchase was $1.60. Combined with the sticky change I had mined from beneath my seats, I would have able to pay for the fuel and even thrown in a half gallon of generic iced tea.
I realized shortly after, while walking across the fairway on the scenic and lovely 14th hole, that the rewards aren't typically instant. This information only had me down for a moment or two, because I realized that if I'd had a gas rewards credit card from the first day I had a car, the cash back I could have amassed over time would have been easily enough to pay for the entire tank. Maybe two.
I got home at 5:54 a.m., pawed through my change jar and took what I needed. A police officer stopped me while I was walking back to the gas station, and was kind enough to give me a ride back. I paid the bill, drove back, immediately went to bed as the sun was rising, and dreamt of fuel-beneficial credit cards and a better pair of shoes.
About the Author:
Derek Lenehan attends Kent State University in pursuit of a major in Journalism. He is also a credit card commentator at CompareCC.com, a site dedicated to providing the largest selection of gas reward credit cards available online.
Article Source: Article Submission Directory - Easy Article Submit
Monday, November 12, 2007
Veterans Day Tribute
On this day Veterans Day 2007, I would like to personally give my thanks to all the men and women who sacrificed life and limb in support of their country!
Military service is never easy. The physical training can be brutal. It takes you away from your loved ones. Often you are required to support government policy's that you may not always believe in. Still, your commitment is to serve. Your hope, is that in the end the world will be a better place.
You worked hard, put your life in danger, for the opportunity to serve your country. You did it for you, your neighbors, your family. Your job took you away from your loved ones, into the darkness of war. You were there as brothers and sisters died on the battlefield. The memories are dark. It sometimes hurts to remember. But, remembering those who fought our battles is something that must be done!
Rarely are there winners or losers in war. There are just normal people like you, trying to survive, trying to do the right thing, and trying to make it safely home to your loved ones. Many of you made it home. Many others didn't.
THANK YOU for your willingness to sacrifice, for your heroism in responding to your call to duty, and for putting your life on the line, for me!
Best wishes to you, your friends, your family!
Military service is never easy. The physical training can be brutal. It takes you away from your loved ones. Often you are required to support government policy's that you may not always believe in. Still, your commitment is to serve. Your hope, is that in the end the world will be a better place.
You worked hard, put your life in danger, for the opportunity to serve your country. You did it for you, your neighbors, your family. Your job took you away from your loved ones, into the darkness of war. You were there as brothers and sisters died on the battlefield. The memories are dark. It sometimes hurts to remember. But, remembering those who fought our battles is something that must be done!
Rarely are there winners or losers in war. There are just normal people like you, trying to survive, trying to do the right thing, and trying to make it safely home to your loved ones. Many of you made it home. Many others didn't.
THANK YOU for your willingness to sacrifice, for your heroism in responding to your call to duty, and for putting your life on the line, for me!
Best wishes to you, your friends, your family!
Sunday, November 11, 2007
Simple Habits That Lead To Wealth
Simple Habits That Lead To Wealth by Adam Khoo
Are there certain rules and habits that lead to wealth?
The answer is a definite yes. Wealth creation is a combination of rules and habits. Here's the number one rule, if you want to be wealthy, its not how much money you earn, its not how many cars you drive, it is how much you can save and invest and that's the key.
Here's a personal example I learned from my dad on saving.
My dad's an extremely frugal person. Although he is really wealthy he is someone when he goes to a supermarket to but an item such as toothpaste, he will search the entire store for every toothpaste available. He will calculate the grams to know which toothpaste gave him the most amount of toothpaste for that dollar he spent.
I used to think that this was crazy but he taught me those lessons. So because of that, I learned the first habit which is to pay myself first. In fact, even today, I would say that I save about 50% of what I earned.
Now, when people hear that, they say that the reason I can save so much is because I earn so much money.
To which I retort. If you can't save 50% when you are earning a thousand dollars, you can't save 50% when you are earning a million dollars. And that's been my habit so far. In fact, ever since I was really young, even when I made some money selling stationery, I would never spend it and I would just save that 50% allowing me to compound my wealth.
Here's the second habit I learnt, people who fall within the poor and middle class category tend to spend more than invest. Spending is when you spend 1 dollar, you get back 0 dollars. There's no return when you buy a TV set, CD player, or hand phone, that's spending money.
Rich people think twice, three or even four times before they spend but they never think twice when they invest. Investment is when you put in a dollar. You get back a dollar 20 cents. And to me the best investment in the world are in your own intellectual assets.
Here's another of my personal examples, when I go to the shops and I see a hand phone costing 500 bucks, I would look at it and say my god, its 500 bucks. I would think about it for 2 months before I buy it.
My friends would be saying, "But Adam, you make so much money. What is 500 bucks? Why are you so stingy?" But I can't bear to spend that 500 bucks because it would be gone.
But on the other hand, when I go to the bookshop, I think nothing of spending the same 500 dollars on books. The reason is, by spending that 500 dollars on the books, reading these books, and applying what I've learnt, I am going to make 50 times or 500 times more
The last habit is what I call delayed gratification. To be wealthy, you must learn delayed gratification. You must learn to delay and to invest. But most people want instant luxuries now and they spend. So you must have that investment mindset compared to the spending mindset. Most people, they spend more than invest.
So these are the rules and habits that I've learned and applied leading me to the wealth I have created today.
About the Author:
Adam Khoo is an entrepreneur, best-selling author and a self-made millionaire by the age of 26. Discover his million dollar secrets and claim your FREE bonus CD '6 Ways To Achieve Anything In Life' at Paving The Way To The Top.
Article Source: Article Submission Directory - Easy Article Submit
Are there certain rules and habits that lead to wealth?
The answer is a definite yes. Wealth creation is a combination of rules and habits. Here's the number one rule, if you want to be wealthy, its not how much money you earn, its not how many cars you drive, it is how much you can save and invest and that's the key.
Here's a personal example I learned from my dad on saving.
My dad's an extremely frugal person. Although he is really wealthy he is someone when he goes to a supermarket to but an item such as toothpaste, he will search the entire store for every toothpaste available. He will calculate the grams to know which toothpaste gave him the most amount of toothpaste for that dollar he spent.
I used to think that this was crazy but he taught me those lessons. So because of that, I learned the first habit which is to pay myself first. In fact, even today, I would say that I save about 50% of what I earned.
Now, when people hear that, they say that the reason I can save so much is because I earn so much money.
To which I retort. If you can't save 50% when you are earning a thousand dollars, you can't save 50% when you are earning a million dollars. And that's been my habit so far. In fact, ever since I was really young, even when I made some money selling stationery, I would never spend it and I would just save that 50% allowing me to compound my wealth.
Here's the second habit I learnt, people who fall within the poor and middle class category tend to spend more than invest. Spending is when you spend 1 dollar, you get back 0 dollars. There's no return when you buy a TV set, CD player, or hand phone, that's spending money.
Rich people think twice, three or even four times before they spend but they never think twice when they invest. Investment is when you put in a dollar. You get back a dollar 20 cents. And to me the best investment in the world are in your own intellectual assets.
Here's another of my personal examples, when I go to the shops and I see a hand phone costing 500 bucks, I would look at it and say my god, its 500 bucks. I would think about it for 2 months before I buy it.
My friends would be saying, "But Adam, you make so much money. What is 500 bucks? Why are you so stingy?" But I can't bear to spend that 500 bucks because it would be gone.
But on the other hand, when I go to the bookshop, I think nothing of spending the same 500 dollars on books. The reason is, by spending that 500 dollars on the books, reading these books, and applying what I've learnt, I am going to make 50 times or 500 times more
The last habit is what I call delayed gratification. To be wealthy, you must learn delayed gratification. You must learn to delay and to invest. But most people want instant luxuries now and they spend. So you must have that investment mindset compared to the spending mindset. Most people, they spend more than invest.
So these are the rules and habits that I've learned and applied leading me to the wealth I have created today.
About the Author:
Adam Khoo is an entrepreneur, best-selling author and a self-made millionaire by the age of 26. Discover his million dollar secrets and claim your FREE bonus CD '6 Ways To Achieve Anything In Life' at Paving The Way To The Top.
Article Source: Article Submission Directory - Easy Article Submit
Wednesday, November 07, 2007
Consider The More Credit Card From Discover
By Angelknight
There are a lot of credit cards on the market today offering great value to credit card using consumers. Among those credit cards are the Discover More Cards.
Believe it or not this card is available in over 150 card designs that you can personalize and an introductory 0% APR (Annual Percentage Rate) on purchases and balance transfers for 12 months. Plus, as is true with all Discover credit cards, there is no annual fee.
The Discover More Card is a cash back rebate card that gives you more ways to earn cash back rebates than any other credit card currently being issued. Let us take a look at some of the cash back features of the Discover More Card:
1. If using the Discover More card you will get a 5% cash back bonus in popular categories that change four times a year. A few of these categories are travel, apparel, home, gas, restaurants and movies. There are also more cash back bonus categories available.
2. If you make purchases from Discover card retailers, at their exclusive online shopping site, you will get a 5% to 20% cash back bonus.
3. For almost any other Discover More Card purchase you make you will receive a 1% cash bonus, automatically.
4. You have a chance of receiving unlimited cash rewards that never expire.
5. There is an option to increase, or double your cash back bonus rewards when you redeem your More card cash rebate for gift cards from Discover’s 80 cash back bonus partners.
There are more great features of the Discover More Card beginning with complete fraud protection for your peace of mind that includes: a $0 fraud liability guarantee, early warning fraud alerts, account numbers that are secure online, and dedicated fraud specialists to help you 24 hours a day.
Discover More Card customer service is supposed to be one of the best around. They say that they will take care of your customer service request with one call, get you in contact with a knowledgeable customer service agent within minutes, put you in control by offering you the easiest account choices, send out timely email to help you avoid late and other fees, give you a grace period of at least 25 days, when you pay your balance in full each month, offer excess collision damage waiver insurance, scheduled air travel accident insurance and so much more.
The Discover More Card should definitely be among the credit cards you consider acquiring if you are searching for an excellent cash rebate card. The better credit card websites on the internet offer you this exceptional credit card and many more. Maybe today is the day you should seek a good credit card deal online. Perhaps, you will find the credit card you have always wanted.
About the Author:
Art Taylor has been a successful internet marketer for 10 years. He writes articles about credit cards and other topics. For more information or to apply for credit cards visit his websites at: Eshopperworld or Cards.
Article Source: Article Submission Directory - Easy Article Submit
There are a lot of credit cards on the market today offering great value to credit card using consumers. Among those credit cards are the Discover More Cards.
Believe it or not this card is available in over 150 card designs that you can personalize and an introductory 0% APR (Annual Percentage Rate) on purchases and balance transfers for 12 months. Plus, as is true with all Discover credit cards, there is no annual fee.
The Discover More Card is a cash back rebate card that gives you more ways to earn cash back rebates than any other credit card currently being issued. Let us take a look at some of the cash back features of the Discover More Card:
1. If using the Discover More card you will get a 5% cash back bonus in popular categories that change four times a year. A few of these categories are travel, apparel, home, gas, restaurants and movies. There are also more cash back bonus categories available.
2. If you make purchases from Discover card retailers, at their exclusive online shopping site, you will get a 5% to 20% cash back bonus.
3. For almost any other Discover More Card purchase you make you will receive a 1% cash bonus, automatically.
4. You have a chance of receiving unlimited cash rewards that never expire.
5. There is an option to increase, or double your cash back bonus rewards when you redeem your More card cash rebate for gift cards from Discover’s 80 cash back bonus partners.
There are more great features of the Discover More Card beginning with complete fraud protection for your peace of mind that includes: a $0 fraud liability guarantee, early warning fraud alerts, account numbers that are secure online, and dedicated fraud specialists to help you 24 hours a day.
Discover More Card customer service is supposed to be one of the best around. They say that they will take care of your customer service request with one call, get you in contact with a knowledgeable customer service agent within minutes, put you in control by offering you the easiest account choices, send out timely email to help you avoid late and other fees, give you a grace period of at least 25 days, when you pay your balance in full each month, offer excess collision damage waiver insurance, scheduled air travel accident insurance and so much more.
The Discover More Card should definitely be among the credit cards you consider acquiring if you are searching for an excellent cash rebate card. The better credit card websites on the internet offer you this exceptional credit card and many more. Maybe today is the day you should seek a good credit card deal online. Perhaps, you will find the credit card you have always wanted.
About the Author:
Art Taylor has been a successful internet marketer for 10 years. He writes articles about credit cards and other topics. For more information or to apply for credit cards visit his websites at: Eshopperworld or Cards.
Article Source: Article Submission Directory - Easy Article Submit
Friday, November 02, 2007
Student Loans 101
Student Loans 101 by Peter Kenny
There are many ways for students to finance a college education, but one of the most common ways is through taking out a loan. There are loans specifically designed to cover the cost of higher education.
Types of Student Loans
Federal student loans have terms and conditions that are determined by the federal government. Federal loans may come directly from the federal government. Banks can also issue federal student loans.
Private student loans and their associated terms are issued by private banks.
Applying for Student Loans
To apply for federal loans, prospective students need to complete a FAFSA, or Free Application for Federal Student Aid. This application will request personal information such as your name, address, and social security number. It will also require you to submit information about your plans for school attendance for the upcoming year, including the type of degree you are working to obtain and your grade level. Lastly, the application will request detailed financial information from you and your parents to determine the type of aid you will be eligible for.
When applying for a private student loan, the application process is less detailed. However, the requirement for loan approval are stricter than with federal loans. Private lenders will check your credit history and your income before approving you for a loan.
With both federal and private lenders, they will confirm that you will actually be attending school before granting you the loan.
Student Loan costs
The rate of interest applied to the loan determines the cost of the loan. The lower the interest rate, the less the loan will cost you.
Be aware that interest begins accruing on your loan as soon as you receive it. If you have a federal loan, the government may pay the interest whild you are in school. With other types of loans, you are responsible for paying the interest while you are enrolled in school. There are options for deferring interest payments until after graduation, but if you choose to defer these payments, the interest will be added to the balance of your loan, thereby increasing the total amount owed.
Repaying Student Loans
You usually have a six month grace period after graduation before you must begin making payments on your loan. Once the grace period ends, you must make regular payments on the student loan if you want to remain in good standing with the lender. You should contact the lender prior to the end of the grace period to determine the exact amount of your monthly payments and to learn what options are available to you.
About the Author:
Peter Kenny is a writer for Finance 123. Please visit us at Reward Credit Cards and Home Loans
Article Source: Article Submission Directory - Easy Article Submit
There are many ways for students to finance a college education, but one of the most common ways is through taking out a loan. There are loans specifically designed to cover the cost of higher education.
Types of Student Loans
Federal student loans have terms and conditions that are determined by the federal government. Federal loans may come directly from the federal government. Banks can also issue federal student loans.
Private student loans and their associated terms are issued by private banks.
Applying for Student Loans
To apply for federal loans, prospective students need to complete a FAFSA, or Free Application for Federal Student Aid. This application will request personal information such as your name, address, and social security number. It will also require you to submit information about your plans for school attendance for the upcoming year, including the type of degree you are working to obtain and your grade level. Lastly, the application will request detailed financial information from you and your parents to determine the type of aid you will be eligible for.
When applying for a private student loan, the application process is less detailed. However, the requirement for loan approval are stricter than with federal loans. Private lenders will check your credit history and your income before approving you for a loan.
With both federal and private lenders, they will confirm that you will actually be attending school before granting you the loan.
Student Loan costs
The rate of interest applied to the loan determines the cost of the loan. The lower the interest rate, the less the loan will cost you.
Be aware that interest begins accruing on your loan as soon as you receive it. If you have a federal loan, the government may pay the interest whild you are in school. With other types of loans, you are responsible for paying the interest while you are enrolled in school. There are options for deferring interest payments until after graduation, but if you choose to defer these payments, the interest will be added to the balance of your loan, thereby increasing the total amount owed.
Repaying Student Loans
You usually have a six month grace period after graduation before you must begin making payments on your loan. Once the grace period ends, you must make regular payments on the student loan if you want to remain in good standing with the lender. You should contact the lender prior to the end of the grace period to determine the exact amount of your monthly payments and to learn what options are available to you.
About the Author:
Peter Kenny is a writer for Finance 123. Please visit us at Reward Credit Cards and Home Loans
Article Source: Article Submission Directory - Easy Article Submit
Saturday, October 27, 2007
Recession Investing And The Housing Market
Why could the U.S. be heading into a recession? The most likely reason is the housing market - a multi-faceted subject. There's the new home building sector.
It's important because it employs so many people, not just in construction but, by extension, in the industries that supply materials to the homebuilders - lumber, concrete, appliances, and even retailers like Home Depot.
Think about all the "stuff" that goes into a home and how much you buy when you move. A slowdown (or collapse) in new home building has a ripple effect throughout the economy and could drive up the unemployment rate.
Housing market problems are not limited to new home sales. The value of your home and the market for sales of existing homes is falling. By how much and for how long is the big question. But the problem here is the equity we have in our homes is evaporating.
Even worse, those of us who have recently purchased homes or have taken money out of our homes, through refinancing or home equity loans, may have no equity left. A reduction in home values reduces homeowners net worth, causing them to pull back on spending.
The mortgage market mess is the last, but the not least, of the housing market issues. The big problem is not subprime mortgages, it's adjustable rate mortgages. Bumps in mortgage payments due to contractual provisions or an increase due to a rising LIBOR rate - most mortgages are tied to this rate and it may rise even if interest rates fall in the U.S. - will force consumers to cut back spending in other areas. Lastly, will more stringent lending standards exacerbate the new home construction and/or existing home value problems?
There are other economic concerns as well - consumer spending (beyond the impact of the housing market), rising energy prices, the U.S. balance of trade deficit (are jobs being exported as a result?) So, if you're concerned about the possibility of a recession, and who shouldn't be, how do you invest?
The stock market, according to classical wisdom (or folklore) anticipates a recession by six to nine months. Since it's currently at record highs (at least the Dow and S&P) this suggests a recession is not in the offing. But the market could change direction at any time. There's a saying that the stock market has predicted ten of the last five recessions.
So maybe it's not such a perfect predictor after all. The stock market also anticipates economic recoveries. Add to the mix the psychological difficulty of investing in stocks when things are the bleakest (the best time to buy) and it demonstrates the difficulty (impossibility, for most of us) of trying to time the market.
Most investors should be in the stock market to take advantage of growth in principal value and income which comes through the long term ownership of equities. Stocks which do best in recessions are those of the strongest companies and companies whose products consumers must keeping buying (think toilet paper not cars).
The stocks to focus on are big cap companies, consumer staple products and health care. There's an overlap between many big cap stocks and consumer staples and health care companies. I'd also add to this list companies with significant international sales. (Did you know that a majority of McDonald's, and many other U.S. companies, sales are overseas?) There's also a substantial overlap between big cap and international sales. You can find many good mutual funds which focus on these areas.
Will this investment strategy provide a positive return during a recession? Not necessarily but it will keep you in the stock market with a minimum amount of risk and the long term investor will be well positioned if there is no recession or for the upturn in stocks after the recession occurs.
What about bonds, you ask. Don't they do well during a recession? Yes, if interest rates decline as a result, but that may be occurring just when stocks are beginning to rally again.
With long term U.S. Treasuries yielding below 5% (some good money market accounts have higher yields) how much lower can interest rates go, so how much higher could bond prices go? Focus your risk-taking investments on the stock market and keep the rest of your capital in cash.
About the Author:
Bill Byrnes is co-founder of MUTUALdecision, top mutual funds, providing investors with data on the top mutual funds, and author of the MUTUALdecision Blog. He's been CEO, chairman and served on the board of directors of several public and private companies. He holds MBA and JD degrees and is a Chartered Financial Analyst with over 30 years experience in the investment industry.
Article Source: Article Submission Directory - Easy Article Submit
It's important because it employs so many people, not just in construction but, by extension, in the industries that supply materials to the homebuilders - lumber, concrete, appliances, and even retailers like Home Depot.
Think about all the "stuff" that goes into a home and how much you buy when you move. A slowdown (or collapse) in new home building has a ripple effect throughout the economy and could drive up the unemployment rate.
Housing market problems are not limited to new home sales. The value of your home and the market for sales of existing homes is falling. By how much and for how long is the big question. But the problem here is the equity we have in our homes is evaporating.
Even worse, those of us who have recently purchased homes or have taken money out of our homes, through refinancing or home equity loans, may have no equity left. A reduction in home values reduces homeowners net worth, causing them to pull back on spending.
The mortgage market mess is the last, but the not least, of the housing market issues. The big problem is not subprime mortgages, it's adjustable rate mortgages. Bumps in mortgage payments due to contractual provisions or an increase due to a rising LIBOR rate - most mortgages are tied to this rate and it may rise even if interest rates fall in the U.S. - will force consumers to cut back spending in other areas. Lastly, will more stringent lending standards exacerbate the new home construction and/or existing home value problems?
There are other economic concerns as well - consumer spending (beyond the impact of the housing market), rising energy prices, the U.S. balance of trade deficit (are jobs being exported as a result?) So, if you're concerned about the possibility of a recession, and who shouldn't be, how do you invest?
The stock market, according to classical wisdom (or folklore) anticipates a recession by six to nine months. Since it's currently at record highs (at least the Dow and S&P) this suggests a recession is not in the offing. But the market could change direction at any time. There's a saying that the stock market has predicted ten of the last five recessions.
So maybe it's not such a perfect predictor after all. The stock market also anticipates economic recoveries. Add to the mix the psychological difficulty of investing in stocks when things are the bleakest (the best time to buy) and it demonstrates the difficulty (impossibility, for most of us) of trying to time the market.
Most investors should be in the stock market to take advantage of growth in principal value and income which comes through the long term ownership of equities. Stocks which do best in recessions are those of the strongest companies and companies whose products consumers must keeping buying (think toilet paper not cars).
The stocks to focus on are big cap companies, consumer staple products and health care. There's an overlap between many big cap stocks and consumer staples and health care companies. I'd also add to this list companies with significant international sales. (Did you know that a majority of McDonald's, and many other U.S. companies, sales are overseas?) There's also a substantial overlap between big cap and international sales. You can find many good mutual funds which focus on these areas.
Will this investment strategy provide a positive return during a recession? Not necessarily but it will keep you in the stock market with a minimum amount of risk and the long term investor will be well positioned if there is no recession or for the upturn in stocks after the recession occurs.
What about bonds, you ask. Don't they do well during a recession? Yes, if interest rates decline as a result, but that may be occurring just when stocks are beginning to rally again.
With long term U.S. Treasuries yielding below 5% (some good money market accounts have higher yields) how much lower can interest rates go, so how much higher could bond prices go? Focus your risk-taking investments on the stock market and keep the rest of your capital in cash.
About the Author:
Bill Byrnes is co-founder of MUTUALdecision, top mutual funds, providing investors with data on the top mutual funds, and author of the MUTUALdecision Blog. He's been CEO, chairman and served on the board of directors of several public and private companies. He holds MBA and JD degrees and is a Chartered Financial Analyst with over 30 years experience in the investment industry.
Article Source: Article Submission Directory - Easy Article Submit
Tuesday, October 23, 2007
Southern California Wildfires
What a disaster! In one of the most beautiful areas in the USA, wildfires are destroying parklands, homes, businesses, and lives. For nearly a week, areas stretching from San Diego to Los Angeles have been threatened, and in some cases destroyed.
California residents are familiar with wildfires. They seem to occur regularly during normally dry seasons in portions of the state. Almost every year, thousands of acres are charred by wildfire. This time, it's different. We usually acquaint wildfires with remote areas that mostly impact the wildlands and wildlife. This time, the fires threaten heavily populated residential areas. Who hasn't heard of Malibu, Los Angles, or San Diego? These are locations where many people in the USA dream of living!
I've been to California many times. Each time I go there, I threaten NOT to leave. I still have family and friends who live there. My heart goes out to everyone who is being threatened, or has been impacted by the wildfires. The diversity of the state is beautiful with the mountains, the ocean, the incredibly blue skies, and the beautiful weather.
In financial terms, no one knows what the final cost of this disaster will be. Evacuating nearly 350,000 residents in the San Diego area alone would cost a lot of money, and that doesn't include the cost of the firefighters and equipment that are fighting the fires. Imagine losing your home or business entirely to wildfire. Would your insurance cover the loss? Are natural disasters like this covered?
Whatever the final financial toll is, this disaster seems to represent an epic battle between human and nature. For years, humans have been destroying areas that were built by nature. Often, the justification is commercial success or population growth. Now, wildfires are striking back to destroy what we humans have built.
California residents are familiar with wildfires. They seem to occur regularly during normally dry seasons in portions of the state. Almost every year, thousands of acres are charred by wildfire. This time, it's different. We usually acquaint wildfires with remote areas that mostly impact the wildlands and wildlife. This time, the fires threaten heavily populated residential areas. Who hasn't heard of Malibu, Los Angles, or San Diego? These are locations where many people in the USA dream of living!
I've been to California many times. Each time I go there, I threaten NOT to leave. I still have family and friends who live there. My heart goes out to everyone who is being threatened, or has been impacted by the wildfires. The diversity of the state is beautiful with the mountains, the ocean, the incredibly blue skies, and the beautiful weather.
In financial terms, no one knows what the final cost of this disaster will be. Evacuating nearly 350,000 residents in the San Diego area alone would cost a lot of money, and that doesn't include the cost of the firefighters and equipment that are fighting the fires. Imagine losing your home or business entirely to wildfire. Would your insurance cover the loss? Are natural disasters like this covered?
Whatever the final financial toll is, this disaster seems to represent an epic battle between human and nature. For years, humans have been destroying areas that were built by nature. Often, the justification is commercial success or population growth. Now, wildfires are striking back to destroy what we humans have built.
Friday, September 28, 2007
Lower Interest Rate Benefits
When the Federal Reserve lowers interest rates, you can use it to your advantage!
Adjustable Rate Loans
If you have an Adjustable Rate Mortgage loan, you will probably see a reduction in your mortgage interest during the next interest period. However, there is no need to wait. You can use the interest rate reduction to lock in on a fixed rate mortgage now. Don't wait for your adjustable rate mortgage to climb back up.
Fixed Rate Mortgages
If you already have a fixed rate mortgage, this may provide a window for you to consider refinancing your high interest loan to a lower rate of interest. Check with your mortgage company to see what options are available to you.
Open a Home equity Line-of-Credit
Now may be a good time to open a home equity line of credit. You can use the equity in your home to obtain a lower interest line of credit, which can then be used to pay off high interest credit card and other loans.
Pay Down Credit Card Balances
Even if you can't get a home equity line of credit, consider paying as much as possible on your highest interest rate credit card balances. You should see a slight drop in overall credit card rates, so use this opportunity to pay those credit balances down!
New Car Loans
If you have been looking to purchase a new car, this can be a good time to buy. Some auto dealers are offering zero interest or low interest car loans. In some cases, dealers may be offering dealer incentives and cash back. Check into this possibility to get the new car you have always wanted. Get rid of that clunker!
Adjustable Rate Loans
If you have an Adjustable Rate Mortgage loan, you will probably see a reduction in your mortgage interest during the next interest period. However, there is no need to wait. You can use the interest rate reduction to lock in on a fixed rate mortgage now. Don't wait for your adjustable rate mortgage to climb back up.
Fixed Rate Mortgages
If you already have a fixed rate mortgage, this may provide a window for you to consider refinancing your high interest loan to a lower rate of interest. Check with your mortgage company to see what options are available to you.
Open a Home equity Line-of-Credit
Now may be a good time to open a home equity line of credit. You can use the equity in your home to obtain a lower interest line of credit, which can then be used to pay off high interest credit card and other loans.
Pay Down Credit Card Balances
Even if you can't get a home equity line of credit, consider paying as much as possible on your highest interest rate credit card balances. You should see a slight drop in overall credit card rates, so use this opportunity to pay those credit balances down!
New Car Loans
If you have been looking to purchase a new car, this can be a good time to buy. Some auto dealers are offering zero interest or low interest car loans. In some cases, dealers may be offering dealer incentives and cash back. Check into this possibility to get the new car you have always wanted. Get rid of that clunker!
Friday, September 21, 2007
The 400 Richest Americans
Forbes recently released the list of the 400 Richest Americans. Unfortunately, my name is nowhere to be found on the list.
This is the great American story. Getting rich in America. Everyone wants it, but very few of us ever achieve it. To get into the top 400 this year, your net worth would have had to be at least $1.3 Billion dollars.
Who Made the Top Spot?
William Gates III made the top spot with $59 Billion dollars in net worth. Bill Gates took Microsoft to levels that he probably never imagined possible. Today, he no longer has day-to-day involvement in Microsoft. He prefers to spend his time (and money) on concerns for human welfare and advancement. I applaud Bill Gates for using his power and influence to help others.
The Number 2 Man?
Warren Buffett came in at number two, with $52 Billion dollars in net worth. He is $6 billion richer this year even though he handed over $2.1 billion dollars in Berkshire Hathaway stock to charity in July. It seems he always has been a true businessman, filing his first tax return at age 13 and claiming a $35 deduction for a bicycle. Go Warren Go!
Rounding out the Top Three?
Popping in at number three is Sheldon Adelson with net worth of $28 billion dollars. Not bad for someone who started selling newspapers at 12 years old. His focus is now with the Hotel & Casino business. What he has done there is staggering, with his influence growing from Las Vegas to Asia. His profile is amazing, with multi-billion dollar investments in resorts, hotels, casinos, and convention centers in Las Vegas, Macau, and Singapore. You can see full profiles for everyone at the link below.
See if someone you know made the list:
The 400 Richest Americans List
Consider these toys for when you make the list:
Ultimate Toys For Super-Rich Boys
My Final Thought?
To me, one of the most amazing things I noticed about the 400 Richest Americans list, is that two of the top 10 spots list income sources which include casinos. Gaming and Lotteries have become major attractions for people in America, and indeed throughout the world, as people risk losing their money in order to "GO FOR THE DREAM" of hitting the big jackpot!
As my son told me today, "Casinos weren't built by Winners".
This is the great American story. Getting rich in America. Everyone wants it, but very few of us ever achieve it. To get into the top 400 this year, your net worth would have had to be at least $1.3 Billion dollars.
Who Made the Top Spot?
William Gates III made the top spot with $59 Billion dollars in net worth. Bill Gates took Microsoft to levels that he probably never imagined possible. Today, he no longer has day-to-day involvement in Microsoft. He prefers to spend his time (and money) on concerns for human welfare and advancement. I applaud Bill Gates for using his power and influence to help others.
The Number 2 Man?
Warren Buffett came in at number two, with $52 Billion dollars in net worth. He is $6 billion richer this year even though he handed over $2.1 billion dollars in Berkshire Hathaway stock to charity in July. It seems he always has been a true businessman, filing his first tax return at age 13 and claiming a $35 deduction for a bicycle. Go Warren Go!
Rounding out the Top Three?
Popping in at number three is Sheldon Adelson with net worth of $28 billion dollars. Not bad for someone who started selling newspapers at 12 years old. His focus is now with the Hotel & Casino business. What he has done there is staggering, with his influence growing from Las Vegas to Asia. His profile is amazing, with multi-billion dollar investments in resorts, hotels, casinos, and convention centers in Las Vegas, Macau, and Singapore. You can see full profiles for everyone at the link below.
See if someone you know made the list:
The 400 Richest Americans List
Consider these toys for when you make the list:
Ultimate Toys For Super-Rich Boys
My Final Thought?
To me, one of the most amazing things I noticed about the 400 Richest Americans list, is that two of the top 10 spots list income sources which include casinos. Gaming and Lotteries have become major attractions for people in America, and indeed throughout the world, as people risk losing their money in order to "GO FOR THE DREAM" of hitting the big jackpot!
As my son told me today, "Casinos weren't built by Winners".
Wednesday, September 19, 2007
Federal Reserve Interest Rate Reduction Benefits You
The interest rate reduction announced yesterday by the Federal Reserve is like music to my ears! Four years of steadily rising interest rates took their toll on my finances, with interest rate increases on both my adjustable mortgage and revolving credit accounts.
The federal fund interest rate reduction should benefit us all in various ways.
If you have an adjustable rate mortgage, it should adjust down. If you are looking to refinance your mortgage, the rate should be lower. Credit card rates should drop also, even if the effect is minimal. Any savings in interest expense is good for the individual. IF the interest savings is used wisely!
Probably the main motivation for dropping interest rates is to increase consumer spending, and ease credit concerns in the housing market. The fed is hoping we will out go out and increase our credit balances by purchasing new housing and other consumer items. That would be excellent for business and the economy!
Personally, I will use the lower interest rates to eliminate more debt. I plan to pay down as many credit accounts as possible. I want to be debt and interest FREE!
Do you ever wonder how people get rich? I do... One thing I believe strongly, is that I will never get rich by paying exorbitant interest charges to billion dollar finance companies!
If you are looking to reduce your interest charges and pay down your debt also, you might want to try our Personal Finance Analyzer. If this tool is used properly, it can provide you with serious long term financial relief, and provide you with real money savings every month!
Now is the time to seize one huge benefit of the Federal Reserve interest rate reduction. Take the savings in interest expense, and use that savings to pay down all your existing debt!
In the long term, this can be the greatest benefit of all!
The federal fund interest rate reduction should benefit us all in various ways.
If you have an adjustable rate mortgage, it should adjust down. If you are looking to refinance your mortgage, the rate should be lower. Credit card rates should drop also, even if the effect is minimal. Any savings in interest expense is good for the individual. IF the interest savings is used wisely!
Probably the main motivation for dropping interest rates is to increase consumer spending, and ease credit concerns in the housing market. The fed is hoping we will out go out and increase our credit balances by purchasing new housing and other consumer items. That would be excellent for business and the economy!
Personally, I will use the lower interest rates to eliminate more debt. I plan to pay down as many credit accounts as possible. I want to be debt and interest FREE!
Do you ever wonder how people get rich? I do... One thing I believe strongly, is that I will never get rich by paying exorbitant interest charges to billion dollar finance companies!
If you are looking to reduce your interest charges and pay down your debt also, you might want to try our Personal Finance Analyzer. If this tool is used properly, it can provide you with serious long term financial relief, and provide you with real money savings every month!
Now is the time to seize one huge benefit of the Federal Reserve interest rate reduction. Take the savings in interest expense, and use that savings to pay down all your existing debt!
In the long term, this can be the greatest benefit of all!
Friday, September 14, 2007
Home Business - Online Opinion Survey Review
Can you produce an income taking home based opinion surveys?
I've recently taken considerable interest in all the information and opportunities being announced and discussed around the Internet, for making an income using online opinion surveys. So I decided to try the process and see how it works.
I joined a company called Vindale Research who advertises as "an Internet market research firm specializing in the evaluation of online products and services. We help companies evaluate their products, services and processes. Evaluations are performed by our members who are compensated for their time and effort".
Sounds great!
I completed the enrollment steps, which were all relatively simple. I then entered into 5 surveys. The surveys I was offered paid between $10 and $30 dollars upon completing the survey steps. Vindale provides a step-by-step process for the user, which describes everything they need to complete in order to earn money.
Many of the surveys have an "Acquisition Fee", which means you have to pay money in order to obtain and evaluate the product. This requirement is clearly communicated by Vindale. This fee is then reimbursed back to the user as part of the payout for completed the survey. For example, I took one survey that paid $15, and there was a $4.95 Acquisition Fee. The actual money I made for completing this survey was $10.05.
NOTE: Like most people, I have reservations about submitting my credit card number. But this is a requirement to complete the product evaluation. I was careful to use a card with a small credit limit in case of fraud.
Three of the surveys required shipment of the product to my home address. On two of those surveys I could not review the product until after I received it. This required waiting more than 5 days for the product to arrive. Also, all of the surveys had a trial period included. After the trial, the user is automatically enrolled in a continuing monthly replenishment program.
This forces the user to carefully monitor the trial period to make sure they cancel the membership before the monthly replenishment kicks in. In one case, my monthly replenishment charge would have been an expected $89.
For the five surveys I enrolled in, this portion of the process was the most cumbersome. I had to manually track each item to be sure I cancelled before the trial period ended. Each cancellation required a customer service phone call to cancel.
For one survey, I was told they would cancel my ongoing membership, but I would still be required to pay $89 for the first product shipment. It was only after I pressed the customer service rep that he finally agreed I could return the product and not be charged. Returning this product cost me another $3.63 for return shipping.
I created a tracking spreadsheet for the surveys to make sure I responded to the trial periods before they ended. If not for this spreadsheet, it would have been difficult to keep all the requirements in order.
I found the surveys to be a lot more time consuming that I originally estimated. The process doesn't stop after you complete the survey. It requires follow up calls to cancel ongoing shipments and trial periods.
Overall, you can make money if you take lots of surveys. Just be sure to read the fine print and don't be caught off guard for unexpected charges. The survey company is not liable for any of those additional charges.
If you would like a sample of the survey tracking spreadsheet I used, I have OpenOffice and Microsoft Excel versions availible for download. Just follow the link below to download.
Download - Survey Tracking Spreadsheets
If you have survey experiences you want to share, I would love to see your comments.
I've recently taken considerable interest in all the information and opportunities being announced and discussed around the Internet, for making an income using online opinion surveys. So I decided to try the process and see how it works.
I joined a company called Vindale Research who advertises as "an Internet market research firm specializing in the evaluation of online products and services. We help companies evaluate their products, services and processes. Evaluations are performed by our members who are compensated for their time and effort".
Sounds great!
I completed the enrollment steps, which were all relatively simple. I then entered into 5 surveys. The surveys I was offered paid between $10 and $30 dollars upon completing the survey steps. Vindale provides a step-by-step process for the user, which describes everything they need to complete in order to earn money.
Many of the surveys have an "Acquisition Fee", which means you have to pay money in order to obtain and evaluate the product. This requirement is clearly communicated by Vindale. This fee is then reimbursed back to the user as part of the payout for completed the survey. For example, I took one survey that paid $15, and there was a $4.95 Acquisition Fee. The actual money I made for completing this survey was $10.05.
NOTE: Like most people, I have reservations about submitting my credit card number. But this is a requirement to complete the product evaluation. I was careful to use a card with a small credit limit in case of fraud.
Three of the surveys required shipment of the product to my home address. On two of those surveys I could not review the product until after I received it. This required waiting more than 5 days for the product to arrive. Also, all of the surveys had a trial period included. After the trial, the user is automatically enrolled in a continuing monthly replenishment program.
This forces the user to carefully monitor the trial period to make sure they cancel the membership before the monthly replenishment kicks in. In one case, my monthly replenishment charge would have been an expected $89.
For the five surveys I enrolled in, this portion of the process was the most cumbersome. I had to manually track each item to be sure I cancelled before the trial period ended. Each cancellation required a customer service phone call to cancel.
For one survey, I was told they would cancel my ongoing membership, but I would still be required to pay $89 for the first product shipment. It was only after I pressed the customer service rep that he finally agreed I could return the product and not be charged. Returning this product cost me another $3.63 for return shipping.
I created a tracking spreadsheet for the surveys to make sure I responded to the trial periods before they ended. If not for this spreadsheet, it would have been difficult to keep all the requirements in order.
I found the surveys to be a lot more time consuming that I originally estimated. The process doesn't stop after you complete the survey. It requires follow up calls to cancel ongoing shipments and trial periods.
Overall, you can make money if you take lots of surveys. Just be sure to read the fine print and don't be caught off guard for unexpected charges. The survey company is not liable for any of those additional charges.
If you would like a sample of the survey tracking spreadsheet I used, I have OpenOffice and Microsoft Excel versions availible for download. Just follow the link below to download.
Download - Survey Tracking Spreadsheets
If you have survey experiences you want to share, I would love to see your comments.
Tips to Reduce Expenses
Our Personal Finance Analyzer site has put together some tips to help you reduce your monthly expenses. We have listed expense reduction tips that can help you save money on grocery, utilities, auto expenses, and other miscellaneous expenses.
The list is availible on the web site at: Tips to Reduce Monthly Expenses
We also added RSS feeds from our article directory to supply articles on credit, mortgage, budgeting, and other topics. You can reach these feeds from our Personal Finance Analyzer main page.
The list is availible on the web site at: Tips to Reduce Monthly Expenses
We also added RSS feeds from our article directory to supply articles on credit, mortgage, budgeting, and other topics. You can reach these feeds from our Personal Finance Analyzer main page.
Saturday, March 17, 2007
Personal Finance Priorities
I have been trying to understand what is the most important priority for people today financially.
Everyone seems to want more money, and more fabulous things. They want to be able to get whatever they want, whenever they want it. Often, they are willing to do whatever it takes to get them! Our society is geared toward sales and marketing to keep the economy moving along. More money in sales represents more available jobs and a higher standard of living for most people... At least that is what we are all told.
Most people are very hesitant to address their personal financial situation. Yes, they may have problems. Yes, they may need more and more money. But they don't seem to be motivated to take a good hard look at how to fix their existing problems.
People seem to be looking for quick and easy solutions. Getting control over credit cards can take years of sweat and hard work!
One quick solution of course, is to make more money. That is not so easy for most people. Some of us are lucky to see a 2-3% salary raise. And what happens when the money well dries up, or the boss stops giving pay increases? No one wants to know. Maybe no one believes that will ever happen, and maybe it won't!!
Another quick solution is to borrow money. The massive debt machine... Credit is easy to get these days. But what is the long term result of debt? Well, that's tomorrow. No need to worry about that today! This is America. A country built on accumulating wealth, and possessions. I wonder how many people got rich, without paying attention to their personal finances? Not many I would imagine...
Let's see, at last check I can get a 1.5% interest rate on my bank savings account! And, I get .25% on my interest checking account!! Not exactly enough to get rich... So there doesn't seem to be much there to motivate anyone to save money in their bank account. I can understand that perfectly!! Why put money in the bank and only get pennies back in interest each month. It seems kind of pointless...
The BIG payback, is in reducing credit card and loan expenses. According to recent data on Bankrate.com, the standard fixed rate for credit cards is currently (March 2007) at 13.44 percent and the variable is 14.56 percent. However, according to a separate article on MSN.com, banks are increasingly pouncing on cardholders with any kind of chink in their credit report with penalty rates of as much as 35%!
Card issuers can raise rates if any of the following occurs. The number that follows each item, is the percentage of banks using the trigger.
- Credit score gets worse: 90.48%
- Paying mortgage, car loan or other creditor late: 85.71%
- Going over credit limit: 57.14%
- Bouncing a payment check: 52.38%
- Too much debt: 42.86%
- Too much available credit: 33.33%
- Getting a new credit card: 33.33%
- Inquiring about a car loan or mortgage: 23.81%
Simply inquiring about a car loan can result in increased interest rates? Amazing...
Bank accounts don't pay you percentages like those to hold your cash. Stock investments don't return high percentages like those in investment returns. What this means is that the single biggest thing you can do to improve your financial situation, is to reduce the cost of loan payments. In other words, pay them OFF!!
If you follow that simple rule, you can save up to 35% in expenses each month. If you value money, then why would you NOT take action to reduce this unnecessary expense?
BJC has a tool that can help analyze your monthly expenses, and can certainly help in prioritizing your debt payments. It's simple, and it's free. Try it out at the link below
Monday, February 05, 2007
Interest Rate Tips
Well, I'm back after a long holiday season! And my personal bout with Football Fever!! It's time to get back to work!!
One finance area that is of consistent concern with many people is: What can I do to reduce my INTEREST RATE on credit card & long term debt accounts?
It seems that more and more people are seeing their interest rates climb as a result of multiple factors. There isn't much any of us can do about fed policies of adjusting the prime rate. Sometimes I wonder if they have ANY concern about the little guy at the bottom of the finance pile. Mostly, they appear focused on how interest rates will impact the economy, not you or me!
There are also those people who just can't seem to pay their bills on time! Or those who just don't have the money to pay their bills on time!! I wonder if they realize that missing a payment by even a single day can have serious interest rate implications? My credit card interest rates climbed to 29% across the board before I got a handle on them again. It's difficult to pay off a credit card when they keep piling more charges on!!
However, there are options available to reduce your Interest Rates:
These are just some simple options that "some" people may be able to take advantage of for reducing their interest rates. Obviously, nothing works for everybody. But if you stay focused on your goal of reducing rates, chances are good that you will eventually find a way!
Good luck!
One finance area that is of consistent concern with many people is: What can I do to reduce my INTEREST RATE on credit card & long term debt accounts?
It seems that more and more people are seeing their interest rates climb as a result of multiple factors. There isn't much any of us can do about fed policies of adjusting the prime rate. Sometimes I wonder if they have ANY concern about the little guy at the bottom of the finance pile. Mostly, they appear focused on how interest rates will impact the economy, not you or me!
There are also those people who just can't seem to pay their bills on time! Or those who just don't have the money to pay their bills on time!! I wonder if they realize that missing a payment by even a single day can have serious interest rate implications? My credit card interest rates climbed to 29% across the board before I got a handle on them again. It's difficult to pay off a credit card when they keep piling more charges on!!
However, there are options available to reduce your Interest Rates:
You can contact your Payee and request that the Interest Rate be lowered. Sometimes if they have interest rate promotions in effect, they will accommodate your request .
You may have the option of transferring the Loan Balance to a different account. One with a lower Interest Rate and available credit remaining.
If you own a home, you can consider opening a Home Equity Line of Credit. That will provide you with money to payoff or consolidate higher interest rate loans.
If you have a 401K account, consider taking a loan on your vested balance to consolidate High Interest loans. The Interest Rates on 401K loans are usually low, and all interest you pay goes back into your own 401K account!!
If none of those options are not available to you, another is to open a new account with another payee who is offering a low introductory Interest Rate. Those introductory rates are temporary though, and you need to make sure you understand the long terms rates and conditions.
Maybe you have a friend or relative that can provide you an interest free loan to payoff your high rate accounts! Be careful with this option... Make SURE you pay them back quickly, and without unnecessary delays!! After all, it's not a GIFT just because you got it from a friend. It's a loan and must be paid back!
These are just some simple options that "some" people may be able to take advantage of for reducing their interest rates. Obviously, nothing works for everybody. But if you stay focused on your goal of reducing rates, chances are good that you will eventually find a way!
Good luck!
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