Tips for Paying Down Debt

  • Try to pay more than the minimum monthly amount required by your card issuer. Keep in mind that paying just the minimum amount required by your card issuer can cause your interest charges to balloon out. So, if you are serious about your desire to pay down what you owe, in the soonest possible time, then try to consider how you can allocate more funds to pay off your monthly credit card bills.
  • Come up with strategies that you can use to gradually pay down your credit accounts. To do this, you may decide to concentrate first on paying the debt that imposes the highest rate of interest. After all, this strategy is proven to help consumers save a great deal of money on interest charges. You may also decide to settle either the oldest or lowest credit transactions, whichever you find easier to pay off first.
  • Alter your spending habits. It would be counterproductive for you to continuously use your credit card to finance your purchases as well as your monthly bills, especially when you have started working on your plan to get rid of your credit card debt. This means that you have to

Profitable Options for Gold Investors

Physical Gold

The simplest way to buying physical gold is to procure bars and coins. The practice has been widespread for a long time and continues to be a favorite of many people that enjoy having physical possession of this precious metal as a kind of investment. Possessing gold in its physical form brings peace of mind to many.

However, one must be careful and do some homework when buying gold. It is reported that Chinese-made counterfeit gold coins are in circulation in the US market. So, you should stick to buying gold coins produced in government-owned mints only. Often, these are sold at a premium. Some of the recommended gold coins worth buying are the American Eagle, Canadian Maple and South African Krugerrands.

Gold Mutual Funds

The benefits of buying mutual funds are well-known. Investing in gold mutual funds allows you to expand or restrict your risks. When considering to invest in such mutual funds, look for funds that have stocks in companies using modernized techniques of mining and purifying the metal. You stand to profit more through such companies, compared to old companies following the traditional style of mining, or those that

Laws Affecting Money

Growing up I think it’s safe to say that, we all learned how to earn money. Go to school, do well then get a good job. A good job with benefits that pay well and has security. Then there are jobs that aren’t secure and most times don’t require good education. They are the jobs that are based on commission. For many people, it’s a bad word that they run away from but for the ones that work at it, it pays well. Dividends. Whichever way you choose to earn money, your goal should be to earn as much as possible when you’re young. Earning money is simpler than making money but the result is the same, you would have obtained money that needs to be managed. The choice to make money instead of earning money will most times depend on how you were raised. Employees earn money and the self-employed or business owner make money. Either way we choose to get money, we are all subject to laws that regulate the various methods. If you are an employee then your concern should be the Employment Standards Act, which protects the rights of employees. The ESA sets out

Easy Debt Elimination Methods

Debts can always have very bad effect on your life especially if you want to borrow loans from the banks. This is because debts usually have very huge effects on your credit score. It would therefore be very important that you find a way of eliminating debts. This calls for a lot of financial discipline when it comes to using credit facilities like the credit cards. To help you eliminate debts easily, there are always a number of steps that you may take.

These steps include avoiding impulse buying as much as possible. Impulse buying can always lead to exhaustion of your resources way too far before your next pay day. This may force you to borrow more funds from friends or lending institution. This will in turn lead to increase of your debts. It is therefore important to eliminate impulse buying as an easy way of debt elimination.

Stop Spending What You Can’t Afford In order to eliminate debt, it is important that you stop spending what you can’t afford. If you can’t afford it, then don’t buy it. Many people today are living above their means, putting themselves further and further in debt. If

Ways to Make Extra Cash Today

  • Babysitting
    Babysitting is a very easy to make some extra cash when you are in need. If you have a young neighbor or young brother or sister you can probably make about $15 an hour to watch them for short periods of time. Offer to watch your friends kids so they can go out on a date, it is fairly easy to find a kid who needs a babysitter.
  • Return Past Purchases
    Recently bought some electronic or got a crappy gift and still have the receipt? There’s a good chance that you can take the product back to the store you purchased it at and get that money back for yourself. A very easy way to get some extra cash for yourself.
  • Recycle Scrap Metal
    Have a car? You can go around your town during trash day and take scrap metal from people’s trash, like copper piping, and sell the metals to scrap metal yards. A very easy way to make some cash today and it offers a great opportunity to make a lot of it.
  • Sell Roadside Items
    You can buy a $5 30 pack of water and sell the bottles for a dollar

Protect Yourself From Fraud

Secure Servers

The way most online identity thieves acquire your private information is by making fake wi-fi hotspots or creating dummy shopping sites. When you are online shopping, make sure that you know the site, know the server and make sure the site looks real. Is there comments, reviews, photos of the products? Do they have a secure log-in space with functions to weed out automated bots? Is there a “Contact Us” section? Are there other reviews of the site online that you could be looking through? These are a few of the things you can look out for before you enter in all your payment information. In addition, do not log-in to a wi-fi network that you don’t know. If you are at public place using their wi-fi, make sure your firewall is in place and do not go shopping or pay bills while on a public server.

Shredding Sensitive Documents

Another way frauds get a hold of your financial information is by going through your trash. Yes, all those bank statements and credit card bills that you throw away without a second thought, people can go through your garbage, collect these documents and

Online Payday Lender

Monthly budgets are meant to be monitored. It is important to know where your money is going and to be aware of the balance throughout the month. Too many overdraft charges eat away at income because an individual ‘though’ that they had enough money in the bank to cover the bill. These types of charges are often caused by the lack of financial awareness. Along with this charge, a merchant whose payment did not go through will also charge their own fee. Late fees and NSF fees only add to the cost of a money mistake. Anytime you can avoid these types of fees, the better off you will be. Avoid embarrassment with businesses and prevent future repercussions by maintaining enough money in your account to cover approved payments.

Some people use online direct payday lenders to keep fees out of their bank accounts. The simple transaction of getting extra money into the bank in order to cover scheduled or emergency costs is cost effective when the loan is paid quickly. The key to a short-term loan’s effectiveness relies on being able to pay back the lender on time. Look closely at the next paycheck and what

Personal Financial Self-Improvement

  • List your income and expenses. List where the income and expenses come from, whether the expenses are fixed or variable, and what expenses you know will be coming up in the future. This will give you an overview of what you have to work with.
  • Create a Wants and Needs list. Please ensure you know what the differences between the two are because they can easily be mistaken when we really want something. For example, that cup of Starbucks coffee every morning is really a want… the first step to recovery is admitting you have a problem. I gave up my Starbucks addiction because I realized I was spending nearly $100 (give or take a few days) a month there. That’s $100 that can be better spent on things I need, like new shoes for my kids, food for my animals, laundry soap, etc.
  • Get rid of the credit cards. They are evil, horrible things that try to rule our lives. If you can’t purchase something with cash, then save up for it, but please, please, please don’t put it on credit! Ask anyone who has credit cards… it’s a black hole that you continuously drop money into every month.

Money Market Accounts

Interest

Money market accounts are usually subject to higher interest rates. This means that you get more for doing essentially the same thing as keeping your money in a classic savings account. This is because money market accounts are pooled in a different fund used by investors to produce higher profits. This more aggressive form of investing can potentially open up to loss of funds, but this is highly unlikely and has never actually occurred. With the risk being this low, the higher interest rates are widely accepted as a smart trade off.

Access to Funds

Another benefit is that you have more access to the money you deposit into it. Unlike a savings account where you may withdraw a maximum of three times per month, you are allowed to withdraw or transfer out six timers per billing statement. Additionally, most banks will allow you the option to write checks directly from it. Even better, many banks will also allow you to pair a debit card with the account for easier withdrawals and spending. This allows for greater flexibility than a standard savings account.

Security

As mentioned above, these accounts have never lost

Discreet Millionaire

Figures from the Tax Policy Center say if your annual household income is $107,628, you are in the top 20% of income earners. If you exceed $148,687, you are in the top 10%. The top 5% earn over $208,810. And if your household income is over $521,411, congratulations. You are one of those “1% ers” and likely demonized by those who view hard work and risk-taking as a matter of luck or good genes. However, like a company, your personal balance sheet should be the determining factor. If you make $200,000 a year it does you no good if you’re spending $210,000.

You may in fact just appear rich instead of actually being rich.

Take for example the recent news about NBA legend Alan Iverson. Shockingly, a man who before age 35 had amassed a fortune more than the average person will see in a lifetime had blown it all. To quote from the article: “Iverson blew through his money at an alarming rate on gaudy jewelry, expensive cars, and other frivolous purchases. In 2012, a Georgia judge garnished his wages to satisfy a $859,896.46 debt to a jeweler.”

Huh? Almost a million dollars to a single jeweler! Here is a