Oct 02

Personal Finance Tips That Can Save You Money!

Practicing patience can prevent you from overpaying for the things you desire. It is very commonplace for people to purchase the latest electronic gadget the first day it is released to the public. However, just by waiting a little while, you will see the price drop significantly. These savings will really add up and allow you to eventually get much more for your money.

Stop charging a credit card that you have issues paying off. Cut down on your expenses in any way that you can, and use an alternative payment method, so you don’t end up reaching or overextending the limit on your credit card. Make sure you pay off what you owe before you use the card again.

Set aside a portion of your income to protect against unforeseen emergencies. A cushion that can sustain you for about six months is valuable should you lose your job, obtain an injury or run into another catastrophic situation.

By having your bank automatically pay your bills each month, you can make sure your credit card payments always get there on time. Not being able to pay your credit card bill in full each month is not as important if you are at least paying the minimum on time to establish a good payment history. If you have an automatic debit set up, you do need not be concerned about the payment being late and if you have extra money you can always add that to the payment.

No personal finance plan is complete without a savings plan. Start saving now, not tomorrow! Set aside a fixed amount each payday and put it towards savings. Eventually you will have a cushion financially that can be relied on.

You should always get rid of your financial documents

Oct 01

Instant Decision Credit Card Faster Approval For Instant Use

For receiving a credit card fast you can take help of the instant decision credit card . It will enable you to get a temporary credit card for being used for the online shopping purposes. Getting a credit card approved fast is not that easy and therefore, you can easily get one through this procedure and get temporary relief.

Generally, these are online procedures and to apply for it you will just have to fill a simple online form. While choosing the best card you can go through and compare all other offers for credit cards that are available online. These credit card agencies too conduct a kind of evaluation of the proofs provided by you but that is swift and consumes less time to make the whole procedure fast. It will not let you wait long for receiving the card like other credit cards. These use to have different companies or departments to check and verify your credit score fast. Then they decide on your capacity or eligibility to open an account. As soon as these procedures finish, the credit cards are being delivered to the applicants.

There are certain minimum conditions based on which the eligibility of the borrowers is being judged. An age of 18, a bank account and a good salary is essential for getting these credit cards instantly. In addition to that it is necessary for the applicant to convince the company that he will be using this credit card for his personal purposes only. However, if you can show a good credit score that that will be an added benefit for you.

You should adopt or agree with the term and conditions of a particular credit cards agency only after going through these properly. A hasty decision may create problems for

Sep 30

Bank on It Slot Machine

Some of the new slot machines have so many side games that they are confusing. It almost becomes a game of inserting your money, hitting a button, and seeing what happens. If you want to have fun, and know what you’re doing, Bank on It may be just the ticket.

No, Bank on It doesn’t have 293 reels and 216 bonus games. It’s a solid 3-reel game and the pay table is easy to understand. As with any great slot machine, you can play multiple denominations and there’s a bonus. Bank on It has five denominations-nickel, quarter, fifty cents, dollar and five dollar.

Do you hate seeing all blanks on the pay line? Not any more! In Bank on It, when you get three blanks on the pay-line, the coins you played are put into a bank. It’s called the “Piggy Bank.” The game puts 150 coins into the piggy bank to start out and the bank keeps increasing every time you get three blanks on the pay-line.

To break the piggy bank you need to get three little piggies. Bank on It has a wild symbol too and that can count as a piggy. The bank is a nice addition and a welcomed side game.

As with any slot machine, you’ll need to play max coins to hit the jackpot. Bank on It takes three coins to max it out. Once you’re maxed, start praying for the three red 7’s, because that’s the magical combination that will unlock the big payday.

Game Play

Playing Bank on It is incredibly easy. It’s not filled with tons of frills. After picking your denomination, you pick the number of coins to play. I never advocate playing anything less than the maximum. If you’re not going to max the machine out, why play? The goal is to hit the

Sep 30

Learn More Ways To Improve Your Personal Finance Situation

To save money on your budget, you may have to make cuts. This means either eliminating or reducing your spending on items that are in your budget. Go through your budget and ask yourself if you really need a certain item or service every month. Then see if you can do without it or find a cheaper alternative. Its not fun, but you could save a lot more every month.

Make more purchases with cash. If you find that you are having trouble overspending, try using cash when you go shopping. By using physical currency, you will be able to better keep track of how much you are spending. It can be far too easy to overspend using a card.

Increase your savings by, purchasing used whenever possible. Need an Armani suit for an important business meeting? You can save hundreds on second-hand designer suits at consignment stores that, specialize in designer brands. Buy gently used sports equipment for the kids. Let someone else pay for the first two years of depreciation on a car. You can buy it when its two years old for thousands less than the original sticker price.

Join an online forum for people who are trying to improve their personal finances. By spending time with others who have the same goals as you do, you will be able to get support for the times when you arent sure what to do or when you have tough decisions to make.

Insurance of all kinds can be expensive, which is why you should shop around. Many times, people settle with whatever insurance plan seems good at the time. This is a bad move, as you could be missing out on a much lower premium. Do your research to find the best rates available.

Sep 28

Bank of America Denied My Loan Modification – What Now

Many professionals consider Bank of America to be one of the most frustrating lenders to modify a loan with. With the recent acquisition of Countrywide, they now service an enormous amount of home loans for an equally large amount of backing mortgage investors. This means that every loan they have falls under different guidelines and the modification options on each loan are always different. Patience and persistence will be the your best weapons to fight this uphill battle.

If you’ve already been denied for loan modification it’s very likely that Bank of America kept you waiting at least 30-90 days before they deliver that unfortunate news. This is the typical time frame for the modification process with Bank of America and it’s never recommended to continue missing payments while waiting on a modification request. There is no advantage or leverage gained by falling further behind on mortgage payments. If your request was just denied and you find yourself more than ninety days behind, it’s important you determine where the loan stands in the foreclosure process before beginning another lengthy review process. If you don’t feel comfortable discussing the foreclosure process with your lender yourself, it’s advisable to have somebody you can trust call with you to determine where in the foreclosure process the loan is, and also determine if there is any immediate danger of an auction date.

The #1 most important thing if you have just been denied is timing. You don’t want to start all the way at the beginning of the review process again, if you don’t need to. Many times while the negotiator is still assigned you may be able to resubmit your financial statement before the review is closed. You will need to work quickly to update all the financial information you originally sent to start the

Sep 28

Personal Finance Software

Do you need to make better decisions about your personal finances? Do you struggle keeping track of your spending and investments? Personal finance software can provide you with a sophisticated suite of financial calculators and tools to take the worry and frustration out of managing your personal finances.

Let’s face it. Not everyone has the mindset or attitude of a bookkeeper or accountant. If you are not highly organized and disciplined managing your finances, investments and paying bills can become overwhelming and a very time-consuming task.

Personal finance software is easy to use and it can transform your financial situation by helping you gain control of your investments, budget, debt, spending and even help you identify immediate savings.
Here are just a few of the things that a good personal finance management software can do for you:

1. Categorization of all your spending
2. Automatically develop and manage a budget based on your spending patterns
3. Track the performance of your investments
4. Provide secure online access to all of your bank, credit card and investment accounts
5. Pay bills and make electronic payments
6. Calculate your net worth
7. Track your 401K
8. Receive real time stock reports
9. Graph your spending and investments
10. Create a personal financial statement
11. Export tax information
12. Find the best credit card, bank , mortgage and brokerage account deals based on your spending patterns
13. Help you plan for retirement
14. Provide reminders for bill payments
15. SMS for real time investment portfolio management
16. Help you with a plan to get out of debt sooner

Personal finance software is an important part of understanding and making intelligent financial decisions. Finance calculators

Sep 26

Get Organized With These Personal Finance Tips

Watch for letters that tell you about changes in your credit accounts. You have a legal right to be informed of changes 45 days in advance. Examine the changes and decide whether the account will be worth keeping. If you decide that the new terms are unacceptable, pay off the remaining balance on the account, so you can close it.

Don’t neglect a flexible spending account, if you have one. If you have medical bills or daycare bills a flexible account can help save you money. Flexible spending accounts are pretax monies put aside for medical and daycare expenses. However, it is best to consult a tax professional first, as there are usually various stipulations involved.

Reflect upon financial mistakes you have made in the past, and learn from them. If you have had to spend some time getting out of debt, take that as a lesson, and stay away from taking out too many loans. Spending years making a low salary can be a lesson for salary negotiation at your next job. When it comes to personal finances, any lesson learned can be valuable. Do your homework and put that information to the best use, and you can improve your financial situation.

Avoiding debt as much as possible is one of the fundamentals of keeping a tight grip on your personal finances. It’s usually necessary to take out a loan for big-ticket, essential items, such as a car or a house. For little things, however, the best policy is to pay for things as you buy them.

When you get all of your finances together, it is not too late to start out. That still gives you time to get things in perfect order by 60, which is more than you’d have if you didn’t

Sep 24

Lock It Up and Throw Away the Key – Understanding Fixed Annuities

The world of insurance and financial product sales is a large confusing one. First, you have the myriad of different products that already exist. Annuities, Whole Life Insurance, Indexed Annuities, Long-Term Care, Variable Life Insurance, Individual Health Insurance, Accidental Death & Dismemberment, etcetera, etcetera. Each comes with their own text book of explanations, definitions and specific rules. Then you have the tax implications of buying and using these products for yourself. Finally, you know you pay something to the broker that sold them to you, but you’re not entirely sure how much that “something” is.

There are a lot of financial products to be discussed, but since the baby boomers are the largest generation and are nearing retirement, and fixed annuities are often products aimed at retirees, I thought I’d give a quick overview of what they are and how they work. This is not comprehensive; but if you’ve been approached about buying a fixed annuity, or if you’re considering it, please take a minute to read the following. It might just save you a big realization of regret later on.

Fixed Annuities come in a number of different shapes and sizes. There are single premium, installment, joint life, period certain, and a whole host of other types. There are also a bunch of riders and add-ons that you can get too. Just about every major financial or insurance company in the country has its own suite of fixed annuities.

Despite these details, all fixed annuities essentially work the same way. There are four basic components to think of in a fixed annuity: how they are funded, how they work, how they are taxed and how they are cancelled.

How They are Funded

Fixed annuities are normally funded in one large lump-sum payment, but can also be funded in installments over a relatively short period

Sep 22

How You Can Improve Your Personal Finance Today

An individual’s personal financial situation can cause a lot of worry and stress. It may seem that some individuals have an easy way of keeping things in order, although other people tend to struggle. No matter your personal financial situation, everyone can gain the right knowledge to get control over their finances. The following article will provide you with tips to begin to get your financial house in order.

If you buy protein in large quantities, you will reduce both your bills and number of grocery trips. Buying in bulk is generally less expensive if you use everything you bought. Take some time out of one day and cook the whole batch of meat and make your meals for the week so that you time and money.ey.

Rule #1 of good personal finance is “income must exceed expenditures.” Those who spend all or most of their earnings will always end up living pay check to pay check, or worse, need to borrow constantly. Calculate your total earnings, then spend below that mark.

Consider taking on a part-time job in addition to your full-time work. You can work at a restaurant or work as an umpire at a local baseball game. Over time, the added income from a part-time job can add up.

Coupons that are not available in the normal print media may be found online. These coupons can save a large sum of money when added up over time and are a great way for anyone to take charge of their finances.

You should use a flexible spending account to your advantage. An FSA can mean serious savings if you wind up with medical bills or need to pay daycare. These accounts allow you to put a certain amount of pretax dollars aside to pay for such expenses. As some conditions are usually attached

Sep 22

PSBs bank on PoS machines to increase earnings

Banks are vying with one another to acquire point of sales (PoS) machines. This is a huge opportunity for the banks to increase additional income by increasing the card base and encouraging the card holders to use the same for their merchant transactions.

While SBI (State Bank of India) plans to acquire 50,000 PoS to begin with, its peer, Bank of India (BoI), has already floated request for proposal for the same.

So far, the PoS machine was being run by quite a few private sector banks like ICICI Bank and HDFC Banks only.

The present credit card base for all banks put together is 240 lakh. SBI enjoys 6.6 crore debit card holders on its fold and the number of card population was increasing by 17 lakh per annum at the bank. Similarly, the BoI was having 1, 65,000 credit cards currently.

However, new trend to acquire PoS is catching up and may generate competitive situation.

On SBI’s JV with global players to form PoS terminals, the bank’s deputy general manager Brajesh Varma said, -We are shortlisting the right candidate and should start the JV in another two months’ time. We have received the necessary approvals, and hope to start the JV in another 6-7 months.-

He added that the bank is looking at having six lakh POS terminals in five years’ time.

The four contenders for providing the PoS terminals to the Bank of India include Venture Infotech, Fidelity International, Financial software services and a new venture by Tata group.

BoI has already acquired 25,000 PoS so far. Now, it is planning to acquire one lakh more PoSs.

-Volume in the business is Rs 15,000 per card. The card population of the bank currently stands at 1,15,000. Almost 75%

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