How Useful is Credit Card Insurance, Should you Take It?

Most credit card holders are normally advised by their providers to consider having credit insurance as well.  It is also quite evident that most people do not know the importance of having the credit card insurance hence a good number of holders reject it  since according to them, it is not a need. People also think credit card insurance are free services to enjoy, this is not true, this comes with a price. (Related  – find free ads in India)

Due to different lifestyles that many people experience, there are also different insurance needs that one can obtain.  Knowing the different kinds of insurance that are protecting the credit cards, it would enable one to choose the right one that eventually will be a better way of saving money.

There are different forms of credit insurance including the credit life insurance, credit disability insurance, involuntary unemployment credit insurance as well as credit property insurance among many others. Credit card insurance is very useful to almost everyone that has it as well as those that are planning to have it. It ensures that ones credit is fully settled at his death but normally, in this case, the beneficiary is the owing company.

Moreover, the insurance is very useful as it enables an individual who experiences an accident and becomes disabled to use his credit card.  Moreover, it assists unemployment individual to acquire credit card since it is issues based on the insurance.

Credit card insurance is very useful that is why before one acquires it he must consider understanding it fully in relation to the necessary policies.  In most cases, one is only advised to apply the insurance after applying for the credit card.

After getting it, there are increased chances of getting the credit card.  With credit cards one can purchase goods from any store that accepts it without having to pay them using cash.  When they are used well without impulse buying, it becomes one of the ways of saving money.

One can consider his recent earning as well as his future needs which determines which policy to go for when applying for credit card insurance.  In case one already has a life insurance as well as he disability coverage, then these policies will be able to assist one in covering for the insurance.

Insurance policies that cover for credit accounts are very important because they are crucially useful during death times.  One should also keep on mind the importance of using the credit cards especially in Christmas shopping as well as shopping for other items.

One can also have as many as more than just a card which again the policies can cover all the accounts. With credits cards, one can solve emergency cases whereby the child is sick and the hospital allows the use of credit cards, which are only based on insurance.This will enable one to get treatment without using cash.

Credit card insurance has helped many people across the world and it would continue doing the same because it has been helpful to many needy individuals who seemed to be in need of the cards but were unable to acquire them due to unemployment. With insurance, one is sure that even if he dies tomorrow, his loved ones will not be the ones paying for the credit card debt hence one is always having a peaceful minded with this insurance.

Generally, as many people would say, that credit cards are very useful because one can purchase as many goods as possible without using cash. But, credit cards can easily lead to impulse buying which in the long run, one can never opt for saving money. Moreover, this affects adversely the monthly payments of the credit bills.

Best Annuity Rates: Finding Hidden Value In Annuities

It is not unusual to start thinking seriously about retirement when you reach age 55. It used to be a fairly straight forward process. If you had a 401(k) through your employer, you simply began to shave off contributions from your paycheck, selected the stocks or mutual fund you wanted to hold in your portfolio and watched as the value shot up.

Then the Great Recession hit us like a tsunami. Just as the invading waters come from nowhere, tear everything away and pour it out to sea, so the value in our 401(k) was sent adrift. Those once-full reservoirs intended to float our retirement boat turned to swamps. It was not unusual for portfolios that had reached the half-million dollar mark to evaporate almost overnight leaving behind insufficient funds to survive retirement—let alone enjoy it.

Even a half-million dollar pension fund can look small when you actually work out the amount of money you need to retire (recommended reading here).

It’s not just in the US that annuity rates have tumbled, UK annuity rates have dwindled also.

Few of us had annuities in our retirement portfolio. Those who did were older and perhaps raised by parents who had gone through the Great Depression. While we listened to Wall Street and held onto our stock-laden portfolios hoping for the Market to rebound and make us rich again, they stashed their cash in annuities at the best annuity rates they could find.

Most of us laughed when they proudly reported that their best annuity rates ran as high as 4% with a five year hold. We had seen growth in double digits for several years and weren’t about to settle for 4%. Even our financial advisors warned us about being caught in a 3% fixed rate cycle when inflation is running at 6%. And then there were the surrender charges we would have to pay if we tried to wiggle out of the strangle hold annuities would have on our money.

Even the best annuity rates—some as high as 6%–would be bad if the Market rebounded and we wanted to withdraw our cash to pour back into stock or mutual funds. We would encounter various charges and taxes that would rob any meager returns annuities have to offer;

  • Surrender charges – Try to withdraw money from your annuity during the 6 to 8 year holding period and Bam! You get hit with a surrender charge as high as 10% plus a service charge for the paperwork required to untangle your money from the investments already made by the Annuity Fund manager.

Yes. We all thought those old-timers were kind of foolish for stashing their retirement cash into annuities. However, our laughter turned to chagrin when they pointed out the hidden value in annuities that we had missed.

Even at annuity rates as low as 2%, the $250-thousand they placed into the hands of Annuity Fund managers would still be worth $250-thousand when they withdrew them at the end of the holding period. Plus they would have gained 2% in value. Even if they had to withdraw early, the worst case surrender fee would pale in comparison to what we had lost in the Stock Market during the Great Recession.

 

 

E*trade Australia Review – Is it the best?

With over 4,000 dedicated employees and an increasingly substantial 600 million dollars per year made in net income, the online stock brokerage hub E*Trade is certainly sitting pretty as the go-to of its market. Furthermore, in most cases, if you were to ask a friend, co-worker, financial advisor, or the like, which website they use to handle all of their investment needs, E*Trade would undoubtedly be high on their list, if not at the very top.

While E*Trade Australia is a branch off of the E*Trade tree, it loses absolutely nothing by being an extension; the website comes with all of the same features, advancements, customer service, tools, security, and solid investment opportunities.

10 Simple Reasons to Sign-Up with E*Trade Australia

  1. 1.       Sign-Up is Completely Free: Customers of E*Trade pay only when they trade.
  2. 2.       New Investor Guidance Provided: New investors can take advantage of E*Trade’s “New Investor Hotline”, as well as a plethora of seminars, free product trials, and tutorials.
  3. 3.       Leading Research Available: Customers can take advantage of E*Trade Australia’s vast collection of leading, independent research houses; the largest within the Australian market.
  4. 4.       Top-of-the-Line Trading Technology: “Smart Alerts”, “Conditional Orders”, and E*Trade’s infamous trading platform “E*Trade Pro”.
  5. 5.       E*Trade is an Award-Winning Online Brokerage: AFR Smart Investor Blue Ribbon Award “Fully Featured Online Broker for 2010”, named “Best Feature-Packed Online Broker” by Money magazine for four consecutive years, “Best Innovative Feature” (Free Tax Tools) by Money magazine’s “Best of the Best 2010”, and “Best Innovative Feature” again by Money magazine in 2011 for Global Shares.
  6. 6.       Dedicated Service Team: From 8am-8pm, Monday through Friday, E*Trade customers are provided dedicated assistance from some of Australia’s leading client service consultants.
  7. 7.       Choose from Numerous Investment Opportunities: Exchange Traded Funds (ETFs), Initial Public Offerings (IPOs), Managed Funds, Options, the SharePack, and Warrants.
  8. 8.       Sharable Investment Loans: As a means to assist its customers in wealth-creation and to provide a portfolio leveraging opportunity, E*Trade offers its “ANZ E*Trade Share Investment Loan”.
  9. 9.       Seamless Access from ANZ Direct: Customers of ANZ Internet Banking enjoy direct access to the E*Trade platform; simplifying their daily investment management.
  10. 10.   Customers Stock Up on Qantas Frequent Flyer Points: As you trade, E*Trade rewards you with Qantas Frequest Flyer Points (if you’re a member); E*Trade Australia is currently the only online trading service to offer such a substantial perk.

Website Features Reviewed – 5 out of 5 Points System

  • Featured Tools – 4 out of 5 Points

With fully customizable trading and market platforms, asset allocation tools, account performance monitors, income estimators, risk estimators, and more, E*Trade offers the investor just about everything they need to succeed. Typically, the only complaint voiced by E*Trade customers is that some of the most valuable tools are not free, but an extra expense. Some reviews deduct more points for this, but an overall free service of this stature, offering the best of the best, has to make money in some fashion in order to do so.

  • Ease of Site Layout – 5 out of 5 Points

The E*Trade Australia website is, in many ways, easier to maneuver than the American E*Trade Website, simply because less digging is necessary. Both websites offer those who are already members a tremendous amount of ease, but E*Trade Australia offers the potential member more ease in getting answers and getting set-up.

  • Priceless Customer Service – 5 out of 5 Points

How often are you patched through to a customer service department and feel as though the representative you’re speaking to knows less than you do about their own product? This is not the case with the E*Trade Australia Customer Service department; they’re delightfully friendly, dedicated, knowledgeable in their product, and are eager to help.

  • Security You Need – 5 out of 5 Points

Here’s the thing that separates E*Trade from its competitors in the best possible way – SecurID; an incredibly substantial secondary security measure offered free to all members, no questions asked. With this system in place, you can lay your head down on your pillow at night knowing that your account is safe, protected, and always in your possession alone.

  • Fee Structure – 3 out of 5 Points

Anything that’s truly great has to have at least one caveat and in the case of E*Trade, it’s certainly not a deal breaker. E*Trade’s commission fee structure is a little more substantial than other online discount brokerage websites, but the services they offer more than make up for it – honestly, I doubt you’ll pay much attention to it at all once you fall head-over-heals for the service at large.

 

Make Big Money trading Binary Options

Any time of the day or night, on any weekday, anywhere in the world, you will find people hovering over their computer screens trading Binary Options & Forex, i.e. buying and selling foreign exchange currencies in what is the largest market on the globe by a factor of ten.  More than $3 trillion changes hands every day in this market.

If you have ever wondered what the world of Digital Options is about and whether you should learn more about it, then read further. You’ll learn a lot, and before you know it you’ll be opening an account and buying and selling currencies from countries all over the world. Of course, such a highly volatile market is not for everyone, but it is something that everyone should know about since it is such an important part of the world economy.

Options Trading Offers Viable Opportunities

The world of Binary Options is exciting and moves at the speed of light. Opportunities abound to make and lose money within minutes, so it is definitely not a pastime for the faint of heart. One thing is for sure, if you trade on the FX you will never be bored. Ten times more trading activity occurs in this market than any other market.

It’s a high stakes environment, although you can get into it for a surprisingly small amount of money.

The basic concepts of online options trading are simple. Before you do trade you should make some effort to understand the global economy that lies at the basis of all foreign currency exchanges.

First, let’s talk about what is involved in placing a trade. You can trade on virtually any of the world’s currencies, whether it’s the Euro, the Yen, the Dollar (in its various U.S., Australian and Canadian guises) or the British Pound. The pairs different currencies in something called “twins,” and which might include U.S. Dollar/Swiss Franc or GBP/JPY.

The engine driving the foreign exchange market is made up of the international banks and corporations, although the individuals (like you) are able to participate in it because currency brokers and dealers offer contracts that individuals can take part in. Most traders who offer options for trading FX specialize in such trading, although that is not always the case.

1)      Find a Binary Options Brokerage. Many are out there. The best way to choose one is to do some comparison shopping and due diligence. Find out how much a minimum deposit is, how large trades are and how does the trading system work. Some trading platforms offer downloadable software, while some are based on the web. It’s up to you.

2)      Open a trading account and deposit the initial amount of cash. Fund it only with as much money as you are prepared to lose comfortably. If you are starting a new account, pick one that allows 10,000 unit trades and which have a minimum account balance of up to $500.

3)      Become familiar with the trading program you chose. As mentioned before, online options trading involves the relative value of currency pairs. Each pair has a bid and ask price which alters as the market changes. Traders sell at the bid and purchase at the ask.

4)      Pick currency pairs that you know something about and that you think will move in a certain direction. Traders spend a lot of time poring over financial news and reading about factors that can affect currency values. Binary Option traders use a currency pair no matter which currency you think will go up.

5)      You place an FX order by pick Bid/Sell or Ask/Buy on the screen of the trading platform. The margin requirement is how much money you must have in your account to make an order.

 

How Binary Options can help limit your Forex Risks.

The world of Forex is fraught with danger and risk. The volatile nature of the markets means that they are often very unpredictable and, as a result, people lose and gain extremely large sums of money in an instant.

The risks associated with Forex are inherent and this means that no matter how much you plan, prepare and research, you’ll never be able to bypass all risks.

Despite this, there are several tactics that you can use in order to minimize these risks and maximize your chances of turning a profit. One of these ways is through something known as Binary Options…

What are Binary Options?

Put simply, when using binary options to trade, the trader has to make a directional decision: will the value of the currency go up or down? This option is taken over a period of time that ranges from 30 seconds to one year.

The timescale is then known as ‘the session’ and at the end of the session you can either win, lose or breakeven. Binary Options trading is always for a ‘fixed return’ so, whether the commodity you select goes up slightly or massively, you’ll receive the same amount.

Let’s Have an Example:

So, if you think that the value of oil would increase over a 4 hour period and your wager is proved correct you’ll receive a fixed amount. This amount is the same whether the price of oil goes up 1GBP or 30GBP per barrel. Often, this means that potential gains are not as high as in other markets but, crucially, potential losses are also reduced.

This means that if the value of oil would have dropped during the session, the trader would have lost the entire amount of their investment no matter what the circumstances. This is one of the main advantages of Binary Options trading as it means that you do not lose more than your investment amount like you would do using other traditional trading options.

Binary Options Represent and Up and Coming Market:

The ‘fixed risk’ element of Binary Options has seen them become increasingly popular as a trading option. Binary Options are far simpler to understand than traditional trading options and, if you’re a beginner who is considering venturing into the world of Forex, they can be a great starting point because of this simplicity.

 There are only Three Choices to Make:

So, if you’re trading using Binary Options, you only have three things to decide:

  1. What Asset you’d like to trade
  2. Whether its price will rise or fall
  3. What period of time you’d like to wager over

To conclude Binary Options do not eliminate the inherent risks associated with Forex, but they can certainly lower these risks as they offer fixed losses and fixed profits. So, if you’re thinking of venturing into the world of Forex, consider using Binary Options to begin with as they’re much simpler to understand than other options.

How Much Home Loan You Can Afford

As you consider applying for home loan, it is prudent that you consider personal finances. The amount of money that you earn when compared against what you owe others will be used to establish what can be lent to you.

This is crucial because houses cost differently and you could select the one you can afford. Here is how to establish the amount of home loan you can afford.

Establish what is your monthly income

It is important that you establish the total monthly income. This should include your regular sources as well as recurring returns that you can articulately document.

Remember that if this income is not reflected on the tax returns you make every month, it cannot be used to assist you in qualifying for a loan. Some unearned sources such as lottery payoffs and alimony should also be included in the gross income.

Make sure to also include assets that produce income to you such as stocks and even real estates because they can articulately be estimated and help arrive at a figure you can comfortably repay. If you are unsure about the specific situation, it is prudent that you consult a loan officer to assist you reviewing the loan rules.

Establish your monthly debt

This should include all the obligations that you are liable to in a month. They involve installment loans, credit cards, child support, personal debt or other obligations you meet every month.  If you have a revolving obligation such as credit card, take the minimum payment you make every month for the sake of this calculation.

If you have installment obligation, adopt the latest monthly payment to establish the debt load. It is important to note that you do not have to include any debt that is scheduled for completion in less than six months from the time of application. You could use the home affordability calculator to know how much you can afford.

What lenders look for

Lenders are in business and will only want to give you what will not over load you. Though many home lending institutions hold varying formulas for determining what they can give you, here are the numbers and how they look at them.

Your monthly housing obligations which include monthly insurance and taxes must not exceed 28% of the entire monthly income. If you are unsure of what insurance and tax expenses are going to be, estimate them at 15%. The remaining amount could be used for interest and principal repayment.

It is also important to note that the proposal you give for the housing expenses on a monthly basis and the entire amount cannot go beyond 36% of the total income. If it goes past 36%, your loan is mainly considered beyond what lenders will be willing to approve.

There are exceptions to this. Based on your individual status, the 28% and 36% could be overlooked. For example, if you can be able to purchase the house while making less than 80% borrowing for the entire house value. This means that you should be able to make a large down payment.

In addition, the 28% and 36% rule can be overlooked if a wealthy person is willing to act as a cosigner for you. This is because if at some point you might be unable to proceed with repayment, they can comfortably guarantee effective completion.

Look for the appropriate lender

The amount of house loan you can afford is ultimately dependent on the lender you go to. There exist hundreds of programs that can provide you with house loans in the market. Carefully review the terms of several lenders and identify the one with the lowest offer.

Make sure to carefully establish whether there are hidden charges. It is always advisable to engage a financial consultant to identify the best lender.

It is through this process that you can identify how much home loan you can afford.

Mortgage Loans – What Fun

A new home can be exciting and fun to find, but getting a loan is usually not.  It’s not like you can apply for pay day loans on the phone to cover the cost.  Here are a few ways to make sure you get your money in order for the home of your dreams.

Determine Your Budget

There are many rules of thumb when it comes to what you can afford.  Why stretch yourself more than necessary?  Depending on where you live, you can figure out what monthly payment you can easily afford and whether you’d be comfortable with a 15 year or 30 year loan term.  Then you can just use an online calculator to determine what your general loan amount would be based on that.  Or see what 2-4 year’s salary would amount to in your area.  In the end, just make sure you don’t get a monthly payment more than you could afford even if you had to switch jobs.

Shop Around for the Best Deal

Once you know what you can afford, you can start looking for the best interest rate.  The shorter the loan term, the lower the rate you can get.  Make a list of your requirements and then call around or go online to get multiple quotes.  If you have a solid credit score and know what you need, you can find a fair quote pretty quickly.

The paperwork is never fun though.  Make sure that you read all of the quotes thoroughly.  Some terms seem great until something is off in the fine print.  Read carefully.

Make Sure You Are Comfortable

No matter which quote seems the best, make sure their terms are okay for you.  You will want to make sure there are no pre-payment penalties and that you are getting every discount you can.  If you or your spouse is a teacher or police officer, you may be entitled to an even lower rate.  If you come across the deal with the loan terms you need, the rate that you want, and they will pre-qualify you so you can make real offers on the home you end up choosing, you may have found your deal.  Just follow your instincts.

In the end, finding the right mortgage loan is about finding the most balanced deal for yourself.  Good luck!

Finance Carnival for Young Adults

Welcome to this edition of Finance Carnival for Young Adults, enjoy this great selection of personal finance posts. If you are a blogger and write about personal finance, don’t forget to submit your post for next week’s carnival, by clicking this link.

Darwin @ Darwin’s Money writes This is the Only Stock I’ve Bought in Months – 3D Printing About to Change the World – If you haven’t heard about 3D Printing yet, you will soon. It’s about to change the world and here’s the only pure play stock up 300% over the past year which has 3D printing at its core.

Lance @ Money Life and More writes Why Is My Paycheck Smaller? Understanding Your 2013 Paycheck – If you’ve received your first paycheck of 2013 you’ve likely realized that your 2013 paycheck is smaller than your 2012 paychecks were. It is a sad realization but there are a few reasons why your paycheck may have gotten smaller in 2013.

Robert @ The College Investor writes The Best of The College Investor 2012 – The theme of The College Investor has always been to get out of student loan debt, master your personal finances, and start investing. Sometimes I feel like I’ve lost a little focus on this core theme, so I’m going to revisit this in 2013. I don’t want the site to feel generic. I want readers to know what they will expect when they come here, and hopefully surprise them with even more than they hoped for.

Robert @ My Multiple Incomes writes My Monthly Income Stream Report – December 2012 – I decided to do both, so here is my December Multiple Income Stream Report. I’m going to keep this pretty short and sweet, but wanted to highlight a few things.

Robert @ Entrepreneurship Life writes Prepare for Opening Day – Our party promotion business opened with a bang on New Year’s Eve as we welcomed nearly 200 revelers to dance and party the night away. We learned a lot getting to that point, and I want to share what we learned.

Robert @ Kids Ain’t Cheap writes Breastfeeding at Work? – One sector of our health department is telling her, and all women, to breastfeed anywhere and everywhere while another sector is conflicting telling her to breastfeed privately and not at her place on employment, a restaurant.

Div Guy @ The Dividend Guy Blog writes Best 2013 Dividend Stocks – We have researched the best stocks to get your hands on this year.

Martin @ Studenomics writes How You Can Embrace Minimalism Right Now to Set You Free – How to earn your freedom in 2013.

Mr.CBB @ Canadian Budget Binder writes Finances In The New Year+Budget=Success Formula – I give tips about budgeting and why it’s a great time to start in the New Year. Lots of information for the first time budgeter or someone looking for fresh perspective.

krantcents @ KrantCents writes My 2013 New Year’s Resolutions – My 2013 New Year’s Resolutions are a commitment to a variety of projects. I decided this year to embody the real meaning of resolutions. I recently shared that resolutions are a commitment, an individual makes to a project or reforming a habit.

PPlan @ Provident Plan writes How Your Identity Could Be Stolen – Identity theft happens to many people every year. Many people are unaware that they have even had their identity stolen.

Tushar @ Earn More and Save writes How to Apply for a New Job on the Down-Low – How to find better-paying career opportunities and apply for a new job without tipping off your current employer.

Eddie @ Finance Fox writes 4 Avoidable Money Mistakes – When it comes to money there are many avoidable money mistakes to avoid no matter whom you are or at what age

Passive Income Earner @ The Passive Income Earner writes Best Mortgage Calculator – Find the best mortgage calculator out there amongst the banks and the alternate mortgage lenders.

Corey @ 20s Finances writes APR vs APY: Understanding the Difference – When searching for a loan or savings product, you are quoted with the annual percentage rate (APR) and the annual percentage yield (APY).

Kanwal @ Simply Investing writes The Top Ten Posts of 2012 – Happy New Year! Here are my top 10 posts from 2012. Investment versus Speculation Mutual Funds vs Simply Investing $321, 000 Lost to Fees Long Live the Dividend! My Best Investment Yet +275% Top 5 Reasons Why Mutual Funds Fail Paying Dividends Since the 19th Century Saving money for a vacation, car, or house? Don’t put that money in stocks.

TDB @ Tax Deduction Blog writes Social Security Secrets Congress Doesn’t Talk About – Everyone needs to have an idea of how Social Security is taxed, and this article features that information and what you need to know before you take that second job.

Suba @ Broke Professionals writes My Husband’s Coworkers Think I’m Cheap – I’ve always been proud of my frugal habits – until my love of saving money got me teased at my husband’s office party.

Your Boss @ What Your Boss Really Thinks writes How Some Mormons Run Small Businesses in Utah – Story One My friend wants to quit her job. She barely started it a few weeks ago, and she already cannot stand it. It is not the job per se that drives her to the edge of insanity. It is the people. Or I should rather say, it is the business style of the company.

Crystal @ Budgeting in the Fun Stuff writes Budgeting in the Roommate Stuff – I was asked Can you do a post on how having roommates affects your budgeting? Yes, yes I can.

Ashley @ Money Talks Coaching writes Goals for 2013 – My dad used to scuba dive. I remember this one time when I was about 8 years old we went to Catalina with one of my dad’s friends so that they could go

Mike @ Personal Finance Journey writes New Year Plan – Its time to be settting Goals – A Simple Practical way to look at your financial goals for the New Year Plan. A guide to setting Goals for 2013 and starting your finance journey right.

Aloysa @ My Broken Coin writes Confessions of a Deranged Shopaholic – Hi, I am Aloysa, and I am a shopaholic. But you already know this. The other day, one of my friends asked me if I knew how much money I spent on shopping in 2012. I was clueless. But being curious by nature, I pulled up all my bank account statements and did some research.

Matthew Allen @ The Pay Off Credit Card Network writes Apply for Discover Credit Card Review and My Experience – Did I ever apply for a Discover credit card? What kind of website would this be if we didn’t practice what we preach? I decided to “put my money where my mouth is,” and actually apply for a Discover credit card myself. In this post, I will share my exact experience with Discover via detailed descriptions, screenshots and periodic updates.

Corey @ Steadfast Finances writes ‘Til Debt Do You Part: Should a Hidden Financial Past Stop the Wedding? Part Two – You are so excited about what the future holds for you and your beloved one until you show them your brilliant financial plan and they turn as white as a sheet.

Marvin @ Brick By Brick Investing writes Successful Investor Eliminate Debt – Detailed description of why it is imperative for you to eliminate debt if you want to become a successful investor.

Tushar @ Start Investing Money writes Tips for Understanding Commodities Spreads – Let’s face it, the term commodities spread betting is enough to make most people’s eyes glaze over. But if you’re thinking about getting involved in commodities trading, it makes sense to find out everything you can about spread betting.

Daisy @ Add Vodka writes 2013: The Plan – I know lots of bloggers don’t believe in resolutions, and I don’t really either. Frankly, most years when I make them they last until maybe March, upon which time I forget all about them…

Jason @ Work Save Live writes How to Start and Use the Cash Envelope System – If you’re serious about getting your financial life in order, then learning how to use the cash envelope system will save you thousands of dollars over the course of the next few years and it will play an integral role in helping you manage money better.

Ted Jenkin @ Your Smart Money Moves writes Should My Wife Quit Her Job? – I saw this question on Yahoo the other day and thought how many times clients have asked me this question over the years.

Tushar @ Finance TUBE writes The Debt Movement is Here: Will You Join? – Today we will talking about the Debt Movement is Here: Will You Join? Debt is a tool which allows you to have something new which can’t truly afford. Most people take debt to buy a home, car or to go to college but this entire instance of debt may be considered as the necessities.

MMD @ My Money Design writes The Future of the U.S. Economy and Why We’ve Still Got a Long Ways to Go – Despite the outcome of the Fiscal Cliff, the future of US economy will still be inhibited when you examine some of the fundamental economic indicators.

Peter @ Bible Money Matters writes Ally Bank Apps for Android and IiOS Smartphones Now Allow Remote Echeck Deposits – Within the past couple of months, Ally Bank has now released their own remote deposit app. This post will do a brief review of the new Ally Bank remote deposit app.

Roger the Amateur Financier @ The Amateur Financier writes The Best and Worst of 2012 – It’s still only a few days into the new year, which means that it’s still the perfect time to look back on what has happened this past year and see if I can

Maria @ The Money Principle writes Do you have too much debt? At the beginning was…feeling – Here I set out the six signs that one may have too much debt. This can be a check list; answer ‘yes’ to four and you better get checking accounts.

Steve @ 2012 Tax writes Understanding The Fiscal Cliff Deal – The taxes paid by most Americans will definitely increase despite the fiscal cliff deal just signed by Congress.

Luke @ Learn Bonds writes Buying Corporate Bonds – Your Free 11 Lesson Guide – Thinking about investing in corporate bonds but not sure where to start? Our free guide to buying corporate bonds was designed for you. Come learn today!

BARBARA FRIEDBERG @ Barbara Friedberg Personal Finance writes UNIVERSAL LIFE INSURANCE – REALLY? – Those with dependents need life insurance. Don’t combine investing and insurance. Skip the universal life insurance.

Daniel @ Sweating the Big Stuff writes Have You Heard of Dependent Verification? – I can’t stand people who game the system at other’s expense…and insurance seems to perpetually fall into this category. This year, my employer announced a new program to combat insurance costs (i.e. fraud)

Amanda L Grossman @ Frugal Confessions writes 4 Positive Financial Moves We Made to Our Bottom Line in 2012 – At the end of the year it always feels like time has slipped away for me.

SFB @ Simple Finance Blog writes What I Did Right This Year: Fully Funding My Roth IRA – My biggest financial goal of 2012 was to fully fund my Roth IRA. Here’s how I reached my Roth contribution limits to maximize my retirement savings.

Everything Finance @ Everything Finance Blog writes Heads Up: Keep an Eye on Your Student Loans – I simply must share what I learned about student loan repayment. I hope it helps someone avoid the financial catastrophe I experienced today.

Lazy Man @ Lazy Man and Money writes Justin Bieber Wants Teens to Bill Their Parents? It’s Not SpendSmart – Justin Bieber is going to offer his own “SpentSmart” prepaid card through BillMyParents.com. The card appears to be anything but “SpendSmart.” Here’s a list of the fees (rounding up the nickels):

Bank Free Credit @ Bank Free Credit writes Best Free Software: Seven Programs You Shouldn’t Be Without – Between work and personal time, I spend a large part of my day on the computer using a wide variety of software programs. While some of them are paid for, a majority of the programs I use on a regular basis are free. Below are seven of the best free software programs I use every day.

Hank @ Money Q&A writes Lifetime Milestones When To Buy Insurance – With each new milestone in your life, your life insurance coverage may need to change. So, you must decide when to buy insurance. You need to check your coverage.

Jason @ Live Real Now writes Net Worth Update – Here is my net worth update, along with the progress we made over the course of 2012.

Kyle James @ Rather-Be-Shopping.com writes My Best Finance Tip for 2013 – A tip to avoid Christmas Debt in 2013.

CAPI @ Creating a Passive Income writes Bloggers Beware: Passive Income on the Rise – The web has become a proverbial madhouse of information, tutorials, and how-to websites as a growing number of people tap into the masses of people seeking guidance on everything under the sun. Blog topics are as varied as the people in this world and seek to occupy a new space in our hearts.

Savvy Scot @ The Savvy Scot writes Change Your Life in 10 Steps – The Final Episode – The Conclusion of the ‘Change Your Life Series’ – a 10 post collection that addresses making a BIG CHANGE in ten small steps. From health and fitness to finance and knowledge, the series examines simple ways to make a significant change. The final episode discusses setting goals that are achievable and gives tips on how to keep them.

Don @ MoneySmartGuides writes Six Money Moves to Make in 2013 – Recently, The Wall Street Journal posted a story about six money moves you should make in 2013. These aren’t the typical [increase your 401(k) contribution rate], but other financial moves that can have a big impact on your finances.

Miss T. @ Prairie Eco Thrifter writes Start Managing Your Debt – There are some simple ways to manage your debt and you will find four helpful tips here in this article. I learnt many of them from personal experience when I realized that I had to do something about my credit card debt that was spiraling out of control.

A Blinkin @ Funancials writes Why I Think We’re Adding The Wrong Jobs – A lot of people played up the fall in the unemployment rate from 7.9 to 7.7 Percent as a sign that the economy is improving. I’m not one of those conspiracy theorists that believes all government numbers are fudged, but I think the media can do with them what they want.

Gary @ Gajizmo writes How Much Should I Save Each Month? – Once the bad habit of overspending is stopped and saving begins, the next question should be, how much do I save each month? The answer depends on your personal financial situation, but here are a few guidelines to fully fund your emergency savings, retirement, and any other special purchases you are saving towards.

Jennifer Lynn @ Broke-Ass Mommy writes Resolutions for 2013. – Check out my new resolutions this year, modest but interesting!

Wealth Effect Blogger @ Your Wealth Effect writes What is your risk free rate of return? – There is usually a big difference between what the press says is a “risk free” rate of return and your “risk free” rate of return.

Little House @ Little House in the Valley writes Working Your Way Out of Debt with Zero Balance Transfer Cards – For those of us (yes, me too unfortunately) that racked up a bit of debt over the past 12-months, zero balance transfer credit cards might be a great way to get out of debt. Here’s what you need to know about those offers that might seem too good to be true:

Ray @ Squirrelers writes You Just Got a 2% Pay Cut – How Do You Feel About It? – Effective January 1, those of us in the U.S. saw an increase in payroll taxes for people under a certain threshhold of earnings. This means most people saw 2% less in their paychecks. Is this a case where we just say “deal with it” and move on?

Invest It Wisely @ Invest It Wisely writes New Year’s Reading – To start the new year off right, check out three of my favorite articles

Teacher Man @ My University Money writes How Much to Tip When You Are a Poor Student – The whole topic of how much to tip has been done to death in my opinion, but are “the rules” always the same for everyone?

Young @ Young And Thrifty writes Is a Costco Membership Worth It? – To figure out whether a Costco membership can really pull its weight, I am going to list the pros and cons of shopping at Costco.

Jester @ The Ultimate Juggle writes First Dining Out Experience of the New Year – Read abount my family’s first dining out experience of the New Year

Girl Meets Debt @ Girl Meets Debt writes Oh, Oh, Oh, She is a Princess – I have curbed my princess behavior as I matured over the years but I can definitely see a younger me when I see those princesses act self-indulgent and stupid with money they do not have. Let us see if we can learn a thing or two from these spoiled princesses.

Alexa @ Modest Money writes Modesty Really is the Best Policy – It is a completely natural feeling to want things and want them now. After all we are human beings. The key to getting the things you want is sacrifice. Live modestly now, live it up later.

harry campbell @ Your Personal Finance Pro writes Breathe New Life Into Your PC or MAC Computer – For the past 5 years, all of my personal computer use has been on a 2009 Macbook Pro that I got as a graduation gift. I didn’t have to worry too much about the cost at the time since it was a gift and I got a small student discount. But recently, I started to notice a huge performance decline, it was running slower and I couldn’t run multiple programs at once. This slowdown was bound to happen eventually but I knew I wasn’t ready to spend another $1,500 for a new laptop.

Jon the Saver @ Free Money Wisdom writes 15 Ways To Upcycle and Save Money – Here are 15 awesome ways to reuse things around your home and save money in the long term. It’s easier than one would first think!

Investor Junkie @ Investor Junkie writes What Are Non-Traded REITs? – Non-traded REITs are in the headlines as brokers push them for their high yields, and FINRA investigates the investments for their robust claims. Here’s what you need to know about non-traded REITs before you consider an investment.

Joe @ Midlife Finance writes Resolve Your Future in 2013 – It’s fun to make predictions for the coming year. The only problem: once they’re in print, you’ll have to face it in January of the next year. Maybe you were right, maybe you weren’t.

Jordann @ Making Sense of Cents writes How to Stick with an Exercise Program – Well it’s New Years and with that comes to huge wave of new gym memberships. People left and right are standing in front of the mirror and vowing that 2013 is the year they’re going to change.

Josh Thompson @ Becoming Your Own Bank writes Why I Love Life Insurance – Some of the reasons I love life insurance and why it has been such a fantastic investment…

CF @ The Outlier Model writes Financial Goals – 2013 – Reviewing old goals and setting new ones has been a key to our financial success. Here\’s how we did in 2012 and what we hope to accomplish in 2013.

John S @ Frugal Rules writes 4 Helpful Free Investment Tools – Investing in the stock market can be a challenge for the seasoned investor, much less a newbie investor. By using some free investment tools you can make more informed investment decisions that will benefit your portfolio.

Jon @ Novel Investor writes Your Official 2013 Federal Income Tax Brackets – The 2013 federal income tax brackets were finalized on the first day of the new year. The tax tables are for the 2013 tax year, with taxes due April 2014.

Deacon @ Well Kept Wallet writes Get Paid to Lose Weight – Is one of you New Year’s resolutions in 2013 to lose weight? What if I was to tell you that there is a company out there that will pay you to lose weight. Seems to good to be true, right? Who would pay you to lose weight? HealthyWage.com, that’s who. My wife and I signed up last week and are super excited to participate in the challenge.

Paul Vachon @ The Frugal Toad writes How to Save Money by Buying a Used Car – Buying a new car is even more expensive than you think. Depreciation in the first year can cause you to be upside down on your loan. Find out why buying used makes cent$.

Chris @ Money & I @ Money & I writes Record Shops in London – Where to Buy Music? – A thrifty music freak/PF blogger explains where to find and how to buy amazing, yet still well-priced records in London.

Pauline @ Reach Financial Independence writes 13 money resolutions for 2013: #5 review your expenses! – This post is part of a 13 money resolutions series to kick start your finances in the new year and reviews all your expenses to keep only the necessary ones, lower or ditch the rest.

Emily @ Evolving Personal Finance writes Do You Buy, Lease, or Get Free Entertainment? – We virtually never buy media any longer but get most of it for free. What do you splurge on and if you buy, why?

Glen Craig @ Free From Broke writes What are the Different Stock Market Exchanges? – The Market we hear so much about is actually made up of different exchanges. See the different stock market exchanges and what they handle.

Jacob @ My Personal Finance Journey @ My Personal Finance Journey writes Using Prior Planning to Prevent Poor Performance – “You need to plan to get where you want to be financially, otherwise, you probably won’t end up where you wanted to be.” This post explores the idea of “prior planning prevents poor performance” and how your financial situation could improve when you learn how to properly plan your finances prior to actually using or needing them.

KK @ Student Debt Survivor writes Embarrassed to Drive a Used “Beater” Car? I’m not! – Ever worry about what others will think about you when you’re driving a “wreck”? I’m not concerned.

Suba @ Wealth Informatics writes Save $1000 in 30 days challenge – Who couldn’t use an extra $1000? Start the new year with an extra $1000. Here are 30 tips to save $1000 in 30 days, just a month. Spend less an 1 hr a day and save thousands of dollars.

10 Ways you can Accelerate Student Loan Repayment

The financial side of getting a college education is always a challenge. Aspiring dreamers get off with the use of student loans. But when it’s time to leave the university, you also want to end everything that comes along with it like your student loans.

Many feel that repaying student loans when you are already starting to be a full-time earner can be very inconvenient and distracting. Remember: this is a responsibility that you have to keep. To help you with the challenge, here are 10 ways you can accelerate student loan repayment.

  1. Plan your finances.

While seemingly simple, planning finances can be difficult even for adults in their latter years. Technically, finances can be managed by applying basic accounting law of not spending beyond your income. Take the time to seat and write your regular, stable monthly income such as your salary. Don’t push it by considering freelance or consultancy projects you get from time to time as these aren’t secured forms of income.

Next, list down all your mandatory expenses including the loans you have to pay on a monthly basis. Everything also means gas, cab fare, snacks, groceries, etc. This alone gives you a good idea of how you should be managing your expenses. Cut down on expenses that you think you can limit. Allot money for student loan repayments every month.

  1. Never miss due dates.

Missing out on a repayment is equivalent to earning interests after interests and penalties. While you’d think that these are manageable amounts, you might be doing the calculations wrong. Missing a payment once gives you license to miss it for the second, third and so forth time. Be stricter with your finances by paying everything on the dot.

  1. Pay more than what is due.

There are certain times when money is easier to come by. Say you accepted a freelance gig and you got paid for it early. Use part of that extra income as ADDITIONAL payment for your student loan. That month’s payout should be composed of the minimum amount due (one which you’ve ideally saved for already) + additional payment you got from the extra income. It might seem like a downer but you’ll enjoy its benefit in the long run.

  1. Sign up for automatic repayments.

Your bank account might have automatic loan repayments or bill payment feature. Consider signing up for this free service so the loan would automatically be paid on the schedule you elect. The upside is that there’ll be more pressured to ensure that you have enough money on your account to pay for the student loan.

  1. Have an exit loan counseling at your school.

Some universities and colleges have exit loan counseling for their graduating or exiting students. Financial counselors help you manage your debt better. The best part of it is that you’ll learn many strategies to lessen or repay your loans on time. Never put aside the advantages of such free services.

  1. Talk to your lender/s.

Student loan lenders have heard it all. They know people deal with seriously difficult times. Talk to your lenders to get a better repayment agreement. Most lenders provide loan restructuring plans to give their borrowers more room. Update them of your financial status and your impending inability to pay the loan beforehand. Their representative would be able to help you avoid multiple penalties.

  1. Consider consolidating loans.

A consolidated loan provides you the convenience of paying one big loan instead of several small to medium ones. The upside is that you will just be responsible for one due date on a regular period. Student loan consolidation is based on the current credit score of the borrower.

If you’re credit rating has improved because you’ve been paying bills on time, and you got a stable job, it’s very likely you’ll be able to negotiate better and more manageable interest rates. Note though that federal and private student loans can’t be merged into one consolidated loan.

  1. Check if you’ll qualify for student loan interest deduction.

There is a possibility of getting discounts on interest rates when you pay your federal income tax. Depending on the case, one can get as much as $2,500 for student loan interest deduction every year. This would fall in your exclusion from regular income declaration. However, this possible benefit is limited to the borrower’s own tax return. See if you can avail of such perks.

  1. Look for partial loan cancellations.

The Federal Perkins Loans Program provides borrowers with payment deferment and partial loan cancellation opportunities. Partial loan cancellations are given to qualified borrowers like full-time public teachers in low income students area, nurses, medical technicians, law enforcement officers, and military personnel.  Contact the university where you got your loan to get further details.

  1. Stop using plastic.

Many individuals get buried in bigger debts because they have this strong and unplanned urgency to use their credit cards. Stop the urge by looking at the bigger picture. Also, reconsider paying your loans through credit cards. It’s likely that these plastic money options have higher interest rates hiding under the guise of convenience.

Manage your finances well by setting your eye on student loan repayments. It’s the only way you can free yourself from the risks of further financial difficulty. Last but, not the least, do continue to save for emergency fund while repaying debt. Its good to be prepared for an emergency by having saved for it. Here’s tip on preparing for emergency financial situation.

How a Loan Can Improve your Finances

Do you have some projects that are lagging behind due to lack of adequate capital? Have you visited any financial institution to get financial support? If you haven’t considered seeking information of the best financial institution that offers loan services at reliable rates, make sure to visit your favorite bank as there are amazing supports that they offer.

Loans play a prominent role in boosting the financial status of most individuals. However, many people shy away from taking loans due to the false myths that are circulating globally that there are other additional cost included while taking loans. In most case, this factor is not considered being an actual fact that should limit you from realizing your business potential. Loans can help you in improving on your business ideas such as expanding your montages, buying assets and creating business solutions to already existing business premises.

There are few factors that most financial institutions consider so as to qualify you to get a loan. The most important aspect that you should always give good consideration is the guarantors that sponsor you. They highly determine your chances of getting a loan from either banks or other financial institutions. Once you get your loan, always remember to maintain the lifestyle that you previously owned and make sure that you invest the loan into good and highly profitable use. If you consider this simple fact, chances that you will be able to pay back the loan on time are high. (Related - Numbers that can make you sick)

The most common investment opportunity that has the most promising results worldwide is investments in the Real estates’. Real estates are developing at an alarming rate that most investors should take keen notice. It is the perfect way to invest your capital as their returns are also adorable. However, the amount of capital required in this type of investment is equally high. Thus, the use of loans in these case will equally play a vital role in determining if you can join the world class of wealthy merchants or not. Feel free to grab these opportunity as the returns are highly amazing.

There are several financial institutions both online and on your area code that are very willing to loan you capital for investments. It is thus your obligation to take keen interest and make sure you get your loan right in hand. In simple words, a loan can change your life from the little zeros you have in your pocket to a rick wealthy merchant. The major factor that highly determines your total returns is choosing the perfect investment opportunities.

There are several other investment opportunities that will favor and boost your capital in a great deal. It is thus not necessarily that you must invest your capital in the Real estate business so as to get returns of your capital to increase your financial status. Real estates are only considered being the prime leading investment opportunity. However, you can always come up with your creative ideas of how to spend every single penny you get from trusted financial institutions. You can use loans to buy Cubs for hire, homes, or even expand on your existing business. This should be practically done if you believe that such business has a promising future. Never hesitate taking a loan whenever you feel like you need some financial supports to support you genuine Ideas.

Personal Loan

Loans can improve your financial status whenever you come up with bold and creative ideas of investing your capital. It is however important to take note and keep good monitor of your financial records so as to get the best out of your investments.

Whenever you feel like your investments do not give good returns, never hesitate putting that project at a standstill as such projects may jeopardize your financial status. It is important to consult and get all the relevant information about any idea that you wish to support with your loan.

This is the only way that gives you complete guarantee of getting the best out of your money thus boosting your financial position. If you want to improve your cash flow try to find the best personal loan option in the market. Don’t just go for any loan that you’re offered, carefully scan the terms, rates, etc.

Student loans

Student loans play a prominent deal in improving most of the college students, and university students future. The wise individuals use these loans to diversify and explore their unique ideas. Thus, generating them capital that plays a prominent step in their lives when they finally graduate. The loans are easily accessible to registered students at their schools and usually take about 3 months before the requested loan is deposited into your accounts. The aim of these loans is usually to support the students in paying their school fees.

However, there is always an over flow of money deposited in most of the students accounts. College and University students should thus be aggressive enough and use these great opportunity to diversify their investments. When the capital is invested in the most thrilling manner, these usually play a good role in boosting your financial status from your own creative and innovative ideas while you are still at school.

Loans should thus be given special attention as they have positive impacts on individuals’ lives especially when invested properly.

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