Canadians celebrate the holidays too believe it or not! This post is for my Canadian readers 🙂 This holiday season, you’re probably balancing a lot of financial obligations. After a year of eating packed lunches, leaving the credit cards at home and constantly checking Canadian mortgage rates, it’s important to tread lightly in the area of holiday gifts. But you don’t have to avoid holiday spending altogether. Here’s a solid plan to help you stay on the right financial track while searching for gifts for everyone you love. 1. Combine (financial sources) to buy big gifts instead of several small ones. If you have a child on your list who really wants a starter guitar, why not call a few other relatives who intend to buy a gift for him or her? It would probably be less expensive (and pay off more on Christmas day) if all of you chipped in to […]
After intense winds from a hurricane blew far inland and knocked out power in their neighborhood, Gail’s family learned what it was like to live without electricity for a solid week. “At the time we had maybe half a jar of peanut butter, a box of cereal, and a few canned goods in the house,” Gail recalls. “We finally found a store that was open and bought a bunch of items that didn’t need refrigeration. By the time our power was restored, we were thoroughly sick of eating granola bars, pudding cups, and crackers.” The experience prompted Gail to accumulate a stash of nonperishable food items in case of future emergencies, but those items have been gathering dust in her pantry for several years now. Gail believes she should probably throw them out and restock, but she hates to go out again and waste money on food her family may […]
Nothing can be as stressful as finding yourself deep in debt and unable to keep up on your payments. If you find yourself in this situation, it may be time to consider debt consolidation as an option to lighten your debt burden. The main goal of debt consolidation is to lower the amount of bills you need to pay each month to a level that is more manageable. For example, receiving only 2 credit card bills per month instead of 4. Many people find it easier to pay two $50 bills each month than four $25 ones. This also allows you to track the progress you have made paying down your debt much easier. Here are some tips that can help you in your goal to consolidate your debt. It’s time to consolidate credit cards and move on with your financial life! Do a “Cash Out” refinance on your home. […]
It’s easy to compare interest rates and fees when you’re choosing a home loan. It’s much more difficult, though equally important, to find out what kind of services you can expect from various lenders. When youcompare home loans, spend some time researching the companies to make sure you choose one with strong customer services. Talk to the People You Know
Saving money brings enormous benefits to consumers both financially and psychologically. It allows consumers to raise their credit score and thus borrow money at cheaper rates, and to feel more empowered over their lifestyle. Understanding personal finance is a very important aspect of saving money. Given massive credit expansion in recent decades, the economy has grown at a very fast rate and allowed consumers to live beyond their means. While wages have stagnated or dropped in terms of purchasing power, borrowed money, largely from credit cards, has compensated for this drop and given many people the notion that easy money will continue indefinitely. If enough people begin to default, which happens when credit comes easy for a prolonged period, interest rates will rise. Higher interest rates increase the cost of living for consumers, and, consequently, their quality of life will drop.
Spread betting is something you’ve probably heard of before. You might even be very familiar with it if you bet on sports, where spread betting is common. What you might not know is that many investors from around the world make a lot of money through spread betting on financial markets. There is actually very little difference between betting on the goals scored in a football match, and the price fluctuations of a financial instrument. For those that aren’t clear, spread betting is when you bet on the amount by which your prediction is correct, rather than just betting on a particular outcome. So you might win more money the more points in a sports game for instance. It’s very similar in finance; you wager a certain amount and then you earn more, the more the markets move in your favour. If the market moves against you, then you lose […]
Many of today’s economic problems could have been avoided if businesses, governments, and consumers had been more cautious financially. While it’s too late to reverse many of the economic difficulties that the worldwide recession caused, many now realize the value of personal finance education. Teachers, students, and parents have all taken steps to encourage financial education online and in the classroom, in the hopes of strengthening the next generation, and the current public’s financial responsibility. Thanks to online games, courses, and resources, students of all ages can begin to improve their understanding of personal finance. Games & Courses
You might never have thought of financial trading as a way of making money, but in actual fact, the forex market is a great option for nearly anyone. The aim is to correctly speculate on which way currency prices will move against each other. You can profit from this by buying or selling currency and making money on the price change, or you can wager money on the movement. It’s much easier to get into than most people think, and here’s why: Accessibility – The forex market isn’t just for rich investors. You don’t need very much capital to open an account with an online broker, and the trades themselves benefit from leverage, which means anything you put in is geared up to a higher value. This increases profits, but can also mean you lose more than you initially put in. There are always risks with forex, but there are […]
The seven states that comprise the United Arab Emirates (UAE) are a thriving part of the world that play an important role in international business, tourism and finance. Significant investment in regions like Dubai and Abu Dhabi indicates that commerce continues to boom, particularly in cities where skyscrapers and glittering hotels are now the norm. The UAE attracts a cosmopolitan expat community – apparently almost half of the resident population of Dubai City – who are drawn to the high standards of living, attractive taxes and impressive wages, alongside excellent education services and exciting shopping and entertainment opportunities. In other words, the UAE tends not only to attract a certain age group or income bracket, but people of all nationalities and abilities.
This article provides a five point survival plan for failing businesses. Even if your firm appears to be in good health, it is still worth carrying out this audit to put your company on a better footing. Your main priority is cash flow. Seek help as soon as you can because there are many companies which provide financial services especially for businesses. Apart from traditional solutions like business loans there are also a number of other considerations. For example, factoring and invoice discounting might be two options worth investigating. These can help to ease cash flow when you need it most. Factoring is selling on your debtors’ invoices to a third party. This means that you get your payment quickly and you don’t need to waste time or energy pursuing bad debts and late payments. Invoice discounting means that you can use your current customer invoices as collateral against a […]
During tough economic times, many people’s finances fall into shambles. Even if you’ve been a diligent money manager in the past, a downturn in the economy can wreak havoc on your bank account. At least, it can if you let it. You don’t have to sit back and watch your financial situation fall apart during a recession. There are plenty of small but effective ways to stay on the right track financially. A handful of the best tips are outlined below. Refinance Your Mortgage
Many of today’s top cash-saving tips not only spare your wallet, but they can also spare the environment. There are many simple ways to cut down on your use of energy and fuel. The following are five easy ways to save money by making more sustainable, green-friendly choices at home and on the road. 1. Audit Your Home’s Energy Use – Whether you’re thinking about buying a house or want to find ways to save money in your current home, it’s a good idea to conduct a home energy audit. This will let you know areas of your home that could use repairs, whether these involve sealing the windows, caulking cracks in the walls, or installing a new thermostat.
Congratulations! You’re expecting. So now it’s time to get down to business. Your baby is going to cost a LOT. For a thing so very tiny, the dent in your bank account may come as a surprise to new parents.
These days saving money is everyone’s top priority and considering the economic climate it is understandable as to why people are cutting costs and eliminating unnecessary expenses from their budget. Saving money is about cutting back on spending in order to have funds leftover to pay for more necessary expenses, without incurring debt. Everyone hates debt and avoids it where they can, but with the high cost of living it often seems almost inevitable. To avoid financial headaches there has been a big focus on free products and one of the industries that have come out on top with free offerings are online casinos. There are a great many online casino sites that offer players unlimited free gaming and unrestricted access to all the top games available. Players can save themselves a fortune by using the free browser based games or download the free software and enjoy games on their […]
Trying to get a loan for a small business can be very difficult these days. The interest rate might be too much or some are just afraid of taking their chances with living on credit. A lot of companies today are working hard to meet the consumer in the middle so business can be established between the two. There are three good options to consider when you try to come across money for your small business. Consider pay day loans to be your first option. This is a great place for the average unbanked person. A lot of help with short term cash loans can be found here. With these establishments, a person’s credit score is not a big deal. Most of the time, you do need a pay stub when you go in and apply for a loan. This is so they can get your information and how much […]
Debt is not something anyone wants. In fact, it’s one of the most hated things in American culture today. Debt is flat out a pain in the butt. First off, you don’t own whatever you purchased, so every time you look at it, you are thinking about the bank! Then, debt also makes paying for things like the utility bill and groceries a hassle. It just makes your life that much more complicated. It’s no fun at all! Thankfully, there are companies like Payplan that make debt their business and their bread and butter. Gone are the days where you didn’t know where to go to with debt problems. It’s easy to dicuss debt issues with them and resolves your problems with whatever bank or store you owe debt to. Dealing with debt is the first thing you need to do today.
Most people have heard of PMI, but they really don’t understand what it is and what the term means. PMI is private mortgage insurance. Lenders will require a buyer to have PMI when they have less than the standard 20 percent to put down on their home. This extra policy is a little more assurance for the bank that the loan will be repaid. It puts the lenders in a safer position and they are more likely to lend to someone who adds PMI. Commonly, the greater the mortgage amount, the more risk is involved from a lender’s viewpoint. Private mortgage insurance is a safeguard if the buyer defaults on the home. Generally, it is a way for the lender to get their money back should a default occur. The down payment is nothing more than good faith money to back the loan. The more money a buyer comes to […]
Do you have a little extra cash lying around? Have you thought about investing it? Do you know where to start? Would you like to see your money grow? Which options give the best return? If you are thinking about investing some of your extra cash, consider opening a fixed term savings account. There are numerous benefits with this option, and it is completely safe and secure.
People often ask the question about whether they should invest their money at home or abroad. These questions often come at a time where the economy might not be doing as well at home as they would expect. The answer to this question is a lot more complicated than people think. Instead of making an absolute choice between investing at home or abroad, it is better to diversify. History has shown that those investors who spread their investments out across continents and different countries had a lot more success than those who just invest in one market. Speak to an expert or look at certain stocks yourself and attempt to decipher which stocks have been doing well across the world. This will give you an idea about your offshore investment options. That way you can invest some of your money at home in stocks that are doing well and use […]
There are many businesses throughout the world who are finding ways in which to go green. Some businesses that are just starting out, find it easier to make their business green before they get too far along. Businesses that have been around for many years find changing to green more difficult to do. Some businesses do not want to spend the money, time or hire new employees to change to green. Those businesses that do not care about going green often have a harder time staying in business. Unfortunately those businesses give out the message to other businesses and clients that they do not care about the environment. We need to change their minds by setting an example by staying or going green as much as we can. There are many things that a international trade business can do in order to change to green but we will focus on […]