In today’s unpredictable economic climate, it’s no wonder that so many Americans live with debt. With the rising costs of college tuition, medical bills, and rent/real estate, getting into serious debt can sometimes seem unavoidable. Without the means to pay our own way, more and more Americans are relying on major loans to make ends meet. Buried under the weight of such debts, it can be easy to forget that there can be a way out.
While any financial advisor will suggest following a careful budget, it’s easier said than done when you’re only making minimum wage or you’re hit with massive unexpected bills. Sometimes, no matter how much you plan, if you don’t have significant savings to act as a safety net, your weekly finances won’t cover all that life throws at you. A huge flood in your basement demands immediate restoration, even when you have little funds to cover the cost. When the vehicle you rely on to get to and from work breaks down, you have to pay for its repair right away if you want to keep earning money!
But remember, borrowing money to afford these sudden expenses isn’t a sign of failure — if you do it right. Assessing your debts and making educated and healthy decisions about future loan opportunities can keep you financially fit. Avoiding credit cards that have huge credit limits is essential, as these accounts act as an enticing source of seemingly limitless funds. It’s easy to use them to cover small purchases every day until you end up owing more than you ever intended. When the average no-fee credit card has an APR of 19.99 percent (far higher than those rates attached to mortgages, student loans, and personal loans), interest rates add dollar after dollar with every new bill cycle. If you don’t pay off the debt immediately after accruing it, then the interest can make you end up owing more than the initial purchase itself.
Credit card companies have created an easy trap to fall into. They set low minimum monthly payments with high spending limits. They hope that you continue to use your card to make small and large purchases while you rack up interest. Left unattended, the compounded interest starts to rival the cost of the purchases, until eventually you can’t pay off the amount owed. Minimum payments are made while you still use the card, adding more charges to the total, and soon enough you’ve spiralled into a near-irreversible cycle of debt.
While credit cards can certainly be a source of ‘bad’ debt, there are healthier alternatives. Limited loans with fair interest rates and flexible repayment schedules are crucial for anyone who wants to manage their debt and pay the bills. One positive alternative to the credit card trap is the flex-pay installment loan; this is a one-time, fixed cash advance for those who meet a few minimal requirements. On average, first time borrowers can qualify for up to $1,000. Unlike other loans (like payday advances) the flex-pay installment loan allows the borrower to negotiate a more manageable repayment schedule. Instead of paying off the debt in one lump sum at the date of your next paycheck, your repayment can be broken into different parts over a longer period of time.
Navigating flex-pay installment loans can be simple if you contact a reliable third-party lender within your state. Lenders who care about your financial health will consult with you, so that you can agree to a loan limit and repayment schedule that’s within your capabilities. Flex-Pay installment loans from MoneyKey offer a healthy alternative to other lending opportunities, so that you can pay for surprise expenses without ruining your financial profile.
Once you have decided to make the move to cloud communications, it is key to make sure you choose the right supplier that provides you the capabilities with which you can meet your short-term and long-term communication goals. If you are not sure where to start, you might want to take a look at 4PSA VoipNow, OnePipe, Taridium or RingSky. Those companies tend to get good reviews and offer free expert advice most of the time.
Of course, a little planning will be worth the effort. Trust me, it’s better safe than sorry. As there are hundreds of hosted phone systems suppliers in the telecommunications market, selecting the right hosted PBX supplier can seem like an overwhelming task. To help you choose wisely, we have developed four critical questions you need to ask your potential hosted PBX supplier. Take note of the following information:
#1. How Do You Guarantee Your Quality Service?
Quality of service is perhaps the most important differentiator among virtual PBX service providers. As your communication system is fundamental to your business success you need to ensure your cloud service is backed up with a solid guarantee. For example, my cloud PBX service provider offers 99.9% uptime guarantee every month. Their plan prices depend on the number of users and they include unlimited calls, a set of high-end features and primary tech support (Click here to learn more about this).
Some cloud PBX platforms minimize downtime risk caused by natural disasters, which in turn gives you peace of mind. Make sure you can get access to your cloud phone system regardless of your geographical location and device (smartphone, tablet, desk phone and even desktop pc).
#2. Which Set of Features Do I Get?
The set of features is another element that must not be overlooked. Some cloud hosted PBX suppliers may provide sophisticated features; however, those may not be included in the plan, which means you need to pay an extra fee for the features you use. Instead, look for a provider that offers a wide array of advanced features included in the service plan such as call monitoring, click to call, remote transfer, voicemail to email, DID number per phone, and specific capabilities your business requires. Choose a provider that can offer a feature-rich phone system you can enjoy without any limits or controls.
#3. Do You Provide Expert Troubleshooting?
The point here is to know if your service provider offers technical support and how fast expert technicians will solve any issue you could have. I recommend you choose a hosted PBX company that provides 24/7 technical support from a dedicated team of experts. Choose a service supplier committed to provide a first-rate customer service- it is a crucial aspect to consider because a top-notch customer service can improve your overall experience. Additionally, you may ask if you can get installation in your area.
#4. Can I Access to my Phone System From Anywhere?
The key point here is to find out whether the experience is the same for an office-based employee and a remote worker in a foreign country or in a rural area and how the service handles people on the road. No matter if you currently do not have remote staff, you may eventually change your mind. Some providers can handle any mobile or remote phone as easily as an extension to the main office, but others cannot. Quality of the service regardless of location is vital!
There are many factors to consider when choosing a cloud hosted PBX provider. We hope we have addressed important questions that will let you know what is the best cloud PBX provider for your business. What other factors do you contemplate when choosing a hosted PBX supplier? Please, share your comments with us!
In the 80s US companies began to expand across many countries more aggressively than ever before, and after that the world economy has never been the same. Technological developments have changed business communication much faster than any of the baby boomers could have anticipated. And now, to be honest, most of us are playing catch-up every day. So, if you want to stay ahead of the curve, I have one word for you: VoIP.
The future of VoIP looks promising. As a recent research from Infonetics states, “worldwide growth in VoIP services revenue is expected to grow through 2018, peaking at $88 billion.” Business owners have been switching to VoIP since it is now possible to enjoy a clear and reliable connectivity that cuts on expensive calling rates. If you want to know more about this, take a look at my VoIP phone system provider. These guys have over 40 years of experience in the telecom industry.
VoIP business phone systems provide a myriad of benefits including, but not limited to, unified communications, increased responsiveness, as well as video and audio conferencing. One of the most popular VoIP advantages is undoubtedly cost-savings. “Save money on your monthly phone bills”, has been repeated several times. But, how can a VoIP phone system help your business to save money? Check this out:
Cut Your Phone Bill in Half
How does VoIP work? Basically, VoIP allows users to make phone calls through the Internet. Thus, when you switch from a traditional phone line to a cloud-based service, you are able to reduce your phone bill by 50% and sometimes even by 70%, if both parties use a VoIP line.
Save on Installation and Software
Installation does not require a wiring process, meaning that you will spend considerably less money. You will not be asked to install special software to receive phone calls. Additionally, you can make future upgrades to your system without needing to purchase a new hardware. Probably, you may have further questions about VoIP phone systems, its features or requirements. If so, I recommend contacting TelcoDepot. They provide free expert advice!
Get High-End Features For Less
Saving money on your business communications does not mean you have to sacrifice service quality or skimp on convenient features. On the contrary, your business phone system can be loaded with advanced features such as auto attendant, voicemail to email transcription and find me/ follow me. Plus, VoIP phone systems are truly scalable.
Save Time and Increase Productivity
A lower rate for international calls is only the first part of the deal. VoIP rich-features, like video conferencing, can save businesses a significant amount of time since they optimize business operations. Plus, you can save money on human resources, as your staff does not have to be attached to the office. If your team is on the move, you have the ability to communicate seamlessly from at any time.
Increase Responsiveness and Availability
Increased staff availability and improved response will have a huge impact on your clients. Remember, happy satisfied customers become loyal customers who spread the word about your business, which in the long-term results in higher revenues.
We hope this information comes in handy. Before you leave, please share your thoughts with us.
Image courtesy : http://pixabay.com/es/d%C3%B3lares-billetes-de-banco-dinero-426023/
Provided by Nationwide
There are many people who want to own a business, but don’t have the resources to start from scratch. Others may prefer starting a business using an established model that works. The good news is that many franchises offer special incentives for women and veterans. The fact that these franchises offer so much for people who benefit the most from their own business is the main reason franchising is such a good opportunity.
A Cold Stone Franchise is one example of an opportunity that many people, who want their own business, decide to take advantage of. Franchises offer the benefit of established brands with experience in their respective industries. Because these are brands that many people are already very familiar with, a franchisee has a chance of great success.
One thing, which franchisees can count on, is the fact that support is available. New business owners will benefit from a team that helps them with everything from planning to their grand opening. This level of support is a relief for newcomers who might not be familiar with everything involved with the process.
Finding space is a concern, and the parent company will often help with finding real estate to built on or leasing existing space. The build-out process is also important, and corporate guidance helps ensure that this part of things goes smoothly. Corporate assistance is also used for research and development, freeing the owner from worrying about developing new products and services.
Another aspect of having a franchise is getting training, which is beneficial for newcomers to the business world. Even those with business training benefit from receiving guidance. Ongoing support is available for grand openings, as well as the hiring process. Nobody who starts a franchise ever has to go it alone to realize their dreams.
There are several traits that are helpful for anyone considering a franchise. One is having an ambition to do whatever is necessary to succeed. Starting a franchise location is demanding, but rewarding at the same time. Another important trait is dedication to the brand. Anyone can open up a franchise to make more money, but believing in the brand and what it stands for makes a difference. These traits, combined with good business or other organizational skills, make a major difference in the success of a company.
Today millions of people carry debt burden upon their shoulders. These can be house loans, credit card debt, mortgage, student loans, personal loans or some other kind of debt. Although most people make so much effort to get out of the debt trap but many of them falter on the way but it simply doesn’t mean that it’s the dead end and the trap stays permanent. One could get out of the debt jail by simply following a flawless debt management strategy. Below listed debt management mistakes can be avoided by adopting a skillful debt management strategy to tackle the debt web and make use of the debt more efficiently.
Over relying on creditor’s word
Students and professionals seem to be unaware of the existing policies regarding debt and tend to believe on what their creditors have to say. Lenders generally are in search of such kind of debtors who are not aware of the monetary policies prevailing. When you are evaluating your situation, it is advisable to do some research on your own or to seek advice from reliable alternative sources to ensure you fully understand your options and other perspectives as the loan providers have priorities different to yours.
Failing to learn about new repayment options
There seem to be changes occurring each year in the federal student loan programs. Unfortunately, borrowers are unaware of eligibility requirements and benefits of these programs and therefore, some borrowers who qualify are not actively taking advantage of these programs. Understanding the details of these and other programs is important as they can provide you significant cost savings if implemented properly.
Excessively forbearing debts
Graduates during their internship and first year of job tend to delay their repayments thinking that it’s the only option available to them. Instead they should realize that accruing interest on such non payments is not a healthy option.
Excluding oneself from tax rebates while filing tax returns
Tax returns when filed result in imposition of higher tax burdens and lack of awareness as far as the rebates on student’s loan is concerned.
- All the debt being treated equally
Student loan borrowers often treat all of their student loans the same during repayment. Many borrowers set up a standard payment plan and use automatic debit, essentially putting repayment on cruise control until their debt is retired. The alternative to the above repayment is to implement a targeted repayment plan that lowers the interest cost of a borrower’s debt portfolio by retiring the higher interest rate loans more quickly.
- Not opting for debt councilors
Most professional graduates neither have the time nor the resources to manage it appropriately at such a critical point in their career. Working with a trained financial professional, such as a tax accountant or financial planner familiar with student loans, is highly encouraged in order to ensure you make the appropriate financial decisions regarding student loan repayment
Emergency Fund is primarily developed to manage a financial crisis. It is meant to fund an emergency. Using up emergency fund is not a wise step at all. Although you can manage the debts but it empties your fund made for an emergency.
- Falling to the minimum payment trap
It might seem that by paying the minimum amount you are managing your debt, but the fact is that it does not help to reduce your debt burden in any way. The interests and charges keep on piling up. You must understand that by paying just the minimum payment you cannot simply get out of the debt.
- Credit reports given no due importance
Credit reports and statements are instrumental in determining your overall debt obligations. So, if you go onto ignore your credit report and statements, you can never manage and devise a strategy for meeting your debt obligations and it will not make you any richer.
- Credit card debt well neglected
Most of the people that have multiple debt obligations tend to neglect the credit card debts. Although it is advisable to pay off the high interest rate debt first but the amount on credit card debts keeps on piling up unnoticed. A very healthy step in that regard would be to avoid the use of credit cards by using simply cash or debit cards.
- Inability to plan debt management
You have to be clear, precise, and accurate in your debt management. With no clear debt management action plan, you invariably end up being a loser. You suffer financial losses that could have been easily saved. One should not enter the playing arena with close eyes and proper economic planning in that regard would be highly beneficial.
- Bad debt largely accumulated
Spending on stuff like a home theatre system or an expensive vacation trip would largely accumulate your bad debt and these unconstructive expenses would engage yourselves in debt burden. To provide relief from it one mustn’t waste the resources and utilize it to a more productive option.
Budgeting and writing down expenses during academic life has proven to be an important way of managing the debt and it has been observed that students tend to neglect budgeting and take on things as they come which results in disastrous upcoming life. Budgeting should be stressed upon especially by the students so that their tuitions and weekends are compromised.
- Buying while keeping future income in mind
What one would become simply doesn’t mean one should start buying and making expenses by keeping their future in one mind. It’s the present that matters and not keeping that in mind is a big debt management mistake. Buying an expensive place or car by keeping future income in mind can never be safe as if doesn’t materialize you would end up in a calamity so play safe and secure.
- Delay in payments or simply not paying
Debt payments should be made accordingly as they become due. By avoiding or simply not paying would definitely not relax you from debt burden but it will nothing but accumulate the interest making your debt fatter than ever!
By keeping all these flaws in mind one could effectively manage the debt and make oneself comfortable while still being in debt.
Presented by California Bank & Trust, Business Banking
Almost every city having significant urban population offers opportunities in finance. However, there are some cities that are more suitable for a job in finance owing to the clusters of financial companies that have made these cities their base. Most of these cities are globally renowned for more than one reason. Here are the top global cities for those looking for different opportunities in finance:
The world has grown in a more livable place over the course of human civilization. However, some cities have been the pivots of this growth, always favored by the humans owing to the advantage offered by them in terms of their geographical location, weather and other natural factors. Over the years, these cities have grown into commercial hubs, attracting more and more migrants from nearby and distant places looking for an opportunity to earn their living.
Evolution has accorded these cities special status in terms of their financial prowess. Here are the four cities that offer the best opportunities for finance graduates:
Best cities to take up finance jobs in
New York, USA
New York is the ultimate dream destination for anyone looking at a stint in the field of finance. Besides its world famous bridges, skyscrapers, and parks, New York City has what is the holy grail of financial enthusiasts, the Wall Street.
Anchoring the city in Lower Manhattan, Wall Street houses the New York Stock Exchange, the world’s largest stock exchange by total market capitalization of the listed companies.
It doesn’t come as a surprise that the city is commonly regarded as the finance capital of the world. It headquarters some of the largest investment banks Goldman Sachs, Merill Lynch and Morgan Stanley.
When it comes to living standards, nothing beats New York. It has the greatest landmarks which have been photographed a zillion times. The cost of living has also increased owing to rise in rental accommodation and New York is now 8 places up, ranking 16 in the 2014 Mercer Cost of Living Rankings.
The capital of Japan is the most populous metropolitan area in the world along with being the largest metropolitan economy globally.
The city is a vital international finance center, a home to headquarters of a number of major investment banks and insurance com