Teachers' Grants: A Hail to Modern Day Heroes

If there is one thing so special about being an educator, it is that the more you work in the profession, the more you have to spend for it. For some anomalous logic, the rule of hard work and profit seems not to apply when you teach. You will profit less if you want to provide better quality education for your students, that is, digging from your own pockets to buy the necessary school supplies for your teaching.

It is no small feat to see people who earned a bachelor's degree to work in a not-so financially rewarding profession, all for the humanitarian mission of enlightening the minds of the youth. And that is exactly why the educators deserve an earnest support from both government and private sectors. They are molding the future of the nation, in their hands depend a great portion of what a country will become. Like it or not, the knowledge, the character, and the culture of the next generation will depend on every lesson of these almost flat-broke paladins.

If you're a teacher, maybe you're starting to look for solutions to augment your classroom needs, and lucky you, we are bringing good news here: many are willing to endow funding assistance for deserving educators like you. The only thing you need is to write a proposal, convince the funder of your strong and urgent needs, and inspire them to be a stalwart of your silent advocacy.

All you have to do is to believe in the importance of what you're doing, and you're good to go, learn to dream for your students, write a detailed goal for your class and for the first time, think of all the material things your classroom lack without minding how to budget it from your own salary.

Now if you're done with the listings, there are two things you have to find: first is a compatible funder who is willing to support your causes, the second is a powerful teacher's grant writer who can compose a compelling and convincing proposal about your school and your goals for the classroom. Anyway, the latter is optional, however, if you want to assure that your proposal will be as persuading and as free from technical glitches as it can be, it is advised that you seek help from an expert.

Then be careful in choosing a funder, make sure that what they are willing to provide is exactly what you're asking for. Because some give school supplies and financial aid for educators, but some award non-material endowments like scholarship for students who want to teach in needy areas of the country. Be specific and straight forward. Ensure that the person or organization reading the proposal and you are on the same page.

Article Source: http://EzineArticles.com/7344257

Insights Into Credit Management

Credit Management is the management of one of the business' most valuable assets - its receivables - this starts from the assessment stage right through to collection.

Effective Credit Management yields a substantial pay back in reduced borrowing, interest saved and improved liquidity. It is not simply a "debt chasing" exercise as it is often referred to.

Credit Management depends on the creation and implementation of a credit policy which establishes systems and procedures for opening accounts; defining the credit worth of the customer; establishing the terms on which goods or services will be supplied; and collecting payment when it is due.

Let us now look at three (3) areas in the Credit Management process:

· Credit assessment;

· Monitoring and controlling amounts outstanding on the sales/account receivables ledger;

· Ensuring the supplier is paid for the goods and services rendered

Credit Assessment

This is the stage at which the credit granting decision is made. It is a decision-making process and the decision is crucial, for it is at this stage that offers an opportunity to minimize the risk of bad debt.

The potential creditor needs to gather and then needs to evaluate the information in order to make a decision as to whether it is prudent to grant credit. There are many sources of credit information with varying levels of value. However, establishing credit worth is like doing a jig-saw puzzle and these sources are merely parts of the puzzle. It is only when they are put together that a picture emerges.

The objective of credit assessment is to establish the identity of the customer and that customer's ability to pay. Establishing the correct identity i.e. the correct legal status of the customer is the essential prerequisite to grating credit. The potential customer may be a Public Limited Company; Private Limited Company; Sole Trader; Partnership; Government or Local Government Body; Club; Church, or an Individual.

Account Monitoring - credit limit

After the evaluation of the potential customer, some suppliers normally apply a credit limit. It is not easy to determine absolute credit limits for customers. The answer can only be an estimate because of the many unknown factors, not least the change in the customer's liquidity since the last set of accounts if the customer is a business.

Having credit limits gives suppliers the opportunity to reassess customers on a regular basis. If there was no limit no brake will be placed upon the account at any stage. When credit limits become inadequate they should be updated.

Cash Collection

The granting of credit means taking a risk. There is no guarantee that goods and services received on credit terms will be paid for or paid on time. All suppliers must therefore have procedures which encourages the customer to repay as agreed, hence a cash policy.

A developed cash policy is essential if sales are to be turned into cash at a rate which enabled current liabilities to be met promptly. Preparing a collection policy must include recognition of needs for;

· Flexibility to cope with varying sales levels in varying economic climates e.g. during a recession.

· Priorities which will support the central objective of maximizing debtors for the shortest possible time e.g. key customers, special terms, marginal sales, cash only.

· Adequate in-house liaison particularly with production, sales, computer and dispatch departments. Essential where credit limit observance is required and marginal business is necessary.

There you have it in a nutshell - insights into Credit Management.

Nigel St. Hill is a life and money management coach helping people to unlock their doors to abundance, so that they could live the life of their dreams. He worked with Cable & Wireless (now LIME) as their Credit Manager and was the first person in the Caribbean to be qualified in Credit Management. He has been a contributing columnist, having written numerous articles in the local newspapers and magazines and the "In the Zone Magazine," and "Caribbean Success University" both based in the U.S.A. He is the author of the book, Money Management Caribbean Style and several ebooks including The Easy Cash Flow System and How to Keep Your Doors Open in a Recession.

Article Source: http://EzineArticles.com/7346154

Choose a Place to Live Well on a Modest Income

Glossy magazines often feature superb homes in America's richest neighborhoods - sprawling homes in various architectural styles, fashionably done up interiors, amazing kitchens and bathrooms, and what have you. And of course, many of these come with million dollar price tags.

But, the warm, soft truth is that most average Americans can live pretty well in a nice home in a nice neighborhood - without breaking the bank or dishing out a million bucks. Locally, cities like Weston and Coral Springs in Florida got high marks for affordability and quality life in a CNN Money survey.

And, personally, I ask myself - if I had a billion dollars would I like to live in a sprawling mansion in Miami Beach or Palm Beach... and my honest answer to myself is NO! See, a big house seems great and all--- but to me. warmth, knowing my neighbors, being able to go for an evening walk to a nearby coffee shop to meet locals - the warm social aspects of life matter a lot more.

Then there's the cost equation - a lot of expensive neighborhoods have higher property taxes, expensive grocery stores, higher gas prices, higher utility bills - and if I had this huge wealth (I'm Talking centimillions, here), I'd still want to minimize my energy footprint and care for my environment. And guess what, all that I just said actually held true for Steve Jobs who lived in a modest house in Palo Alto, California - despite his billions.

The great thing about our country, which I know for sure and many of my real-estate investor listeners know too, is that every single state of ours has several hidden gems - lovely cities with very high standards of living at very affordable prices.

So how can you give yourself a high quality life on a modest income? Well, here are a few things to consider...

First off, make sure your monthly mortgage payment does not exceed 25% to 30% of your annual income. That way, you wouldn't have to worry about making your mortgage payments or reducing expenses elsewhere. See, at all times, I want you to feel ZERO financial stress - so you can live a happy, healthy, productive life.

Next, understand your household needs. If you're single, your housing priorities will differ to some extent than if you're married with children. If you're retired, then again your priorities will be different from say a 30-year old. So understand your needs. Make a list of things that are most important to your household... things like

- The quality of neighborhood public schools

- Easy access to hospitals, doctors, pediatricians or day care

- Neighborhood safety - issues such as whether you could comfortably walk around by day or night, or whether your kids could walk to and from school without worrying about gangs or liquor stores

- The demographic profile of your ideal neighborhood - for example, if you have young children, you'd be better off picking a neighborhood that has younger children so they can easily have play dates or go trick-or-treating together

- Community values - that really come into play over time. For example, residents in Berkeley, California, have molded city laws that are very liberal and which may or may not agree with your own core philosophies.

- The availability of city services and facilities such as parks, recreation centers, teen centers, senior centers, soccer fields...

- Access to convenient shopping for day-to-day needs - food, clothes, household goods, easy parking...

- Entertainment options - which will vary based on your personality or what you all like to do as a family - malls, restaurants, museums, parks, beaches, hiking trails and so on.

- Access to public transport - freeways, trains, airports, ports...

- Your commute to and from work, your spouse's or partner's commute to and from work

Some say long commutes would be a definite deal breaker. Others say they need space to sprawl out and don't mind the commute as much. Before your buy, drive to and from your new potential address during morning and evening peak commute times to get a better idea of what you'd be facing on a daily basis.

Seek out crime statistics in the area from city and police websites. Talk to your future neighbors. Drive around at night to see what goes on. Do whatever you can to learn more about your potential home and neighborhood before you buy.

Distinguished schools and highly involved PTAs can shape your child's future. When researching schools, look at local community feedback and the school's academic performance in standardized state tests. Exposure and access to great museums, parks and libraries help cultivate young minds - so look at what's available.

Then make a list of things you are willing to forego or live with. For example, you may be willing to take on a 45-minute commute so your kids can walk to school or so your spouse or partner has a short commute and gets home early. Or, you may choose to sacrifice a big house for a smaller one in a great neighborhood that suits your lifestyle preferences.

Other things you should look at include

- The financial health of the city you want to buy in (and I say this because more and more, we're seeing cities go bankrupt which really messes up people's lives)

- Property taxes

- Zoning laws and whether there are factories, processing plants, landfills, trailer parks, etc. - the usual red flags

- The general look and feel of neighborhoods, the upkeep of streets and street lights, the quality of roads, how well parks are maintained, the use of fences and grill-doors and windows in neighborhoods - signs of the city's financial health and safety

- The quality of jobs in the area. Some cities, like Cupertino California or Redmond Washington or Washington DC thrive on large corporations, vibrant commerce or a big government presence, or perhaps an Army Base... but as we all know, jobs typically don't last forever so ideally pick a place that gives you ample employment opportunities should you need to find another job. On the flip side, many small towns thrive on a single company or a single government entity and offer very affordable housing and great neighborhoods - so if you're the type that can stay at one job, a smaller city would be a great way to go.

I also feel most people are comfortable living in neighborhoods that have similar levels of income - so you don't feel economic pressure with your neighbors doing better or worse than you by a wide margin.

The bottom line - you can spend as little as $50,000 to buy a great house in a good, solid neighborhood. Be open to looking off the beaten path. Check out web resources, trends in home prices, trends in population increases and decreases, changing demographics... and buy a house that you can afford for a happy healthy life.

Steve Pomeranz is a Managing Director for United Capital Financial Advisers, LLC, "United Capital", and owner of On The Money. On The Money is not affiliated with United Capital.

Article Source: http://EzineArticles.com/7351095

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Currency has been defined as a circulating medium of exchange, used as an intermediary in trade, so to avoid the use of a barter system. The benefits and usefulness of currencies include; being a unit of account, or standard measurement of value. Other key factors include; durability, divisibility, ease of transportation and being fungible, or capable of mutual substitution.

True Money however, is defined as having all the attributes above, however with one major difference. Money is also a store of true value. Paper currency is actually designed to lose value while true money is designed both to hold and store value. Gold and silver meet these special requirements and have been true money for over 5,000 years, thus they will forever be in demand.

Fiat currency is not true or real money; it only has value because of government regulation or law. The word fiat is actually derived from the Latin word meaning 'let it be done'. Thus fiat money is actually established by government decrees. In America, no fiat currency has ever survived more that 40 years, since its start in America, during the days of the Continental Congress, before the Revolutionary War. America's current fiat system is the dollar system which started in 1971. It has now in-place over 41 years thus; now it's already overdue for failure.

Debasement of currencies is accomplished by nations. Through which, additional fiat money is created then added into the existing nation's money supply. Currency debasement is just another fancy word for money expansion. The end result of this expansion, through central bank efforts to debase currencies, always ends up with inflation. The more the paper currency is debased, the greater inflation upon the society becomes. This further drives up the real costs of goods and services, while lowering the purchasing power of the nation's currency in real-time.

How can an investor protect oneself from further monetary debasement and inflation? The answer is actually thousands of year's old, own gold and silver. Both these monetary metals protect your assets from currency de-basement and because they are real stores of value. They can also protect you from the collapse of currency regardless if it comes from inflation, deflation or the destruction of the paper currency itself, through hyperinflation.

Holding these two precious metals in physical form outside the banking systems of the world, allows you ultimate freedom and complete control. These precious metals also become the best possible insurance for asset protection or hedging that money could ever buy. The biggest reason is due to the unique characteristics these precious metals hold. Always allowing for them to consistently seek their true value, regardless of any economic conditions.

Article Source: http://EzineArticles.com/7352035

Obama Vs Romney - Round II

This is the second of my two-part series aimed at helping you make a decision on whom you'll likely vote for in the upcoming presidential election.

As I'd said last week, over the long run, the choices we make - through the Presidents we elect - significantly shape America's domestic, economic and foreign policies and impact our lives very directly - with decisions on taxes, budgets, spending on military and defense, healthcare, immigration, foreign policy, the environment, freedom of choice, appointment of Supreme Court judges, and so on... a President's policy decision have a profound economic impact on our lives, the markets and the stocks we own.

Last time, I spoke to you about each candidate's view on major economic topics such as:

- Tax cuts (Obama wants to increase them for the rich, Romney wants to lower them, and data shows that the rich already pay a disproportionately higher % of all taxes)

- Corporate taxes (Obama wants them lowered for manufacturing, Romney wants them lowered across the board because, he argues, if it's good for manufacturing, it's good for every other sector. I also told my viewers that US corporations currently are the most-heavily taxed in the world)

- Stimulus spending (Obama wants to spend more, Romney hasn't clearly spoken out on this one)

Today, I'm going to speak about some of the other hot-button topics such as healthcare, environmental policy, foreign policy, etc.

Let's start with healthcare. As many of you know, in 2010, Obama signed what's now called ObamaCare -sweeping legislation that protects patients by allowing healthcare coverage even if someone has a pre-existing condition. ObamaCare also prevents insurance companies from canceling policies when patients get sick - another dubious practice that brought out some really heart-wrenching stories of insurance giving common working Americans the runaround. And, ObamaCare mandates that all Americans buy insurance or pay a fine.

Now, interestingly, Romney created pretty similar healthcare legislation when he was the governor of Massachusetts but, perhaps because he's playing to conservative Republicans, he now says it's not appropriate for all of America... and, frankly, I find that to be a little confusing. Romney plans to repeal ObamaCare and replace it with individuals privately buying their own health insurance, much as they buy car insurance today.

On Immigration - a pretty hot topic here in Florida - Obama supports the legalization of illegal immigrants who are already here provided they learn English and pay requisite fines for having entered our country illegally. Obama also wants to toughen penalties for hiring illegal immigrants because he'd much rather see citizens employed then see their jobs done by illegal workers from across the border. Obama, as some of you may recall, was also in favor of setting-up a fence along the U.S. Mexico border. However, he also issued executive orders to not deport undocumented immigrants.

Romney isn't as lenient on illegal immigrants. He wants to make English the official language of the U.S. and curtail certain - what he calls - magnets such as subsidized tuition rates that attract people illegally to our country and avail of its various benefits even though our legal, tax-paying public bears the burden.

On Iraq, Obama was always opposed to our invasion of that country. He also opposed troop increases and ended military operations in Iraq as president. Romney, on the other hand, thinks that we should continue to have our troops in Iraq to minimize casualties and ensure that the country continues to remain a democracy and does not slip into the hands of terrorists and fundamentalists like the Taliban.

Iran is another country that's been in the news of late - partly because of the United Nations summit in New York that criticized Iran's nuclear program and partly because an Iranian journalist now wants to defect to the U.S. - much to the embarrassment of the Iranian government. Obama wants to engage in direct diplomacy with Iran, tighten economic sanctions with international cooperation and keep all military options on the table. Romney also wants to keep all military options on the table and has not clearly specified his other viewers on handling Iran's nuclear program. (Though in the VP debate, Ryan seemed to suggest a harsher approach to Iran). Of course, it's hard to separate fact from hyperbole.

On the environment and global warming, Obama believes global warming is real, wants to reduce carbon emissions through a mandatory cap-and-trade system, and policy-wise has pushed back decision-making on developing America's own energy infrastructure due to environmental concerns.

Now, just as Romney plays to his Republican conservatives, on this one Obama is likely playing to his liberal democratic base of voters. Environmentalists are typically democrats.

Romney opposes cap and trade legislation because he believes it's going to hurt the global competitiveness of America's businesses against our trade nations that often care little about environmental regulations. Romney also supports steps that will make the U.S. less dependent on foreign oil. Romney also plans to spend $20 billion for energy research and new car technology.

So there you have it - the candidates' positions on economic and non-economic issues, and I help this helps you pick one if you're undecided. And like I said before, your vote counts so please make sure you register and take time out to vote on Election Day. It's one of those things where if you do it once, you're more involved and become a more committed citizen.

Steve Pomeranz is a Managing Director for United Capital Financial Advisers, LLC, "United Capital", and owner of On The Money. On The Money is not affiliated with United Capital.

Article Source: http://EzineArticles.com/7340041

Debt Relief Tips That Really Work

Did you know that not all people entering into debt relief programs get out of debt permanently? Sad but true.

That does not mean debt relief is not effective. In fact, the success stories will prove that these debt solutions really work. But if you are asking why some people are not successful, it is because of how they approached their debt problems.

If you want a debt relief option to work for you, make sure you choose one that is right for you. For instance, if you cannot afford to pay for the minimum of all your debts, then credit counseling is not the right option for you. You need either a debt settlement or debt management program for that. Or if you do not have a permanent source of income, going for a debt consolidation loan will only put your further in debt.

When you decide to work on your debts, you need to liken it to exercising and getting your ideal weight. The principles are the same.

Before you begin, you need to come up with a plan. For instance, if you want to go on a diet, you cannot decide not to eat immediately. If you are involved in a highly physical working environment, you need the sustenance to help you get through each working day. The same is true for the debt program you will enter into. Make sure your finances are in good enough shape to help you survive whatever the program will demand from you.

Assuming you know the right path to take and you have decided to pursue it, you need to stick to your plan. If you continue to eat a lot or use your credit cards, you will not reach your ideal weight or keep up with your debt payments. You need to keep yourself from incurring new debts.

When you have finally reached your goals (ideal weight or debt free life), you need to work even further to keep that. Just like you need to exercise and continue eating healthy food, you have to continue curbing your excessive spending habits. That is the only way you can maintain a debt free life. Here are some helpful tips to do that.

First is to keep your spending within what you can afford. There is great temptation to use your credit cards again - especially since they have a low balance. One great rule is to keep your credit cards at home and spend only using your cash. Or if you have to use your card, make sure you can pay the full amount on your bill before the grace period expires.

Another tip is to try to increase your income. If you have things lying around that you no longer need, sell them on eBay. You can also start doing freelance work online or set up a passive income. Instead of wasting time watching shows, you can utilize a couple of hours earning more so you have something extra to spend.

Lastly, live a simple life. Of course, this depends on your personality but usually, people living a simple life tend to be more successful in managing their finances. Live only with what you really need - at least until you have successfully paid off all of your debts. One of the best ways to have a lasting financial freedom is to learn how to be frugal.

Article Source: http://EzineArticles.com/7336953

What Are Stock Market Linked Bonds?

These bonds are offered by insurance companies, banks, building societies and other investment firms. Stock Market linked bonds often provide the investor with a capital guarantee at the end of a fixed term and the return is linked to a stock market index (such as the FTSE or DOW). They have a variety of names such as Protected Bonds, Guaranteed Equity Bonds and Structured Products. As an investor you commit your money for say 5 years. Typically, the provider offers your capital back at the end, plus all the increase in say, the FTSE 100 index over the 5 years. These returns, however, usually have a maximum - typically around 65%. So if the index doubles, you will not benefit beyond the 65 per cent level. However, arguably in today's market, a return of over 10% per annum with capital protection is an attractive offer. The downside to this type of investment is that you can usually only invest for growth and not income. So you have to wait until the end of the term to receive your capital and interest. The provider does not actually buy shares but instead uses the money to buy a mixture of interest bearing securities and derivatives which rise in value if the FTSE 100 rises.

With the offer that you will get back at least your original lump sum these instruments provide a relatively safe way of benefiting should the stock market index rise significantly. However, bear in mind that your return is only linked to the stock market index. This is not the same as receiving the returns by holding say, the top 100 shares. First you are missing out on an important element of return, the dividend income. Second, you usually only receive a proportion of the capital gain over the 5 years, not the full gain. Furthermore, there are stock market linked bonds that don't provide complete protection on downside. Some providers offer the investor your full capital back after a stated term IF for the example the FTSE 100 does not fall to below 50% of its initial value at the start of the plan. If the market does fall below 50% then this is where the danger lies, and if it fails to recover to the initial value at the start of the term then the capital is at risk.

The other risk to these types of investment is counterparty risk. Basically the capital guarantee or rather capital protection (investment companies don't like using the word "guarantee") is only as reliable as the company that is providing the capital protection. If the company were to go into liquidation then the capital protection is at risk. In some cases, companies have been bought have got into trouble and been bought by another company and the capital protection has remained, in others it hasn't. Of course, if you like the idea of stock market linked bonds then this should only form part of your portfolio and it's important to spread your capital across a wide diversification of asset classes.

Article Source: http://EzineArticles.com/7312874

Obtaining a Bad Credit Loan

With the way the economy is right now, there are a lot of people who are dealing with the frustration of having bad credit. The problem with having poor credit is that you could end up being denied a lot of different things, including a loan. You may need to apply for a loan if you are currently dealing with an emergency situation and are in need of finances that you simply do not have at the moment. It is for this reason that loans tend to come in handy. However, you may also be apprehensive that you will be unable to find any type of loan available for you if you have bad credit.

Is It Possible to Get a Loan with Bad Credit?

Contrary to the popular belief, it is certainly possible to get a loan even if you have bad credit. There are several different lenders who know and understand that people go through adverse situations which may cause them to have bad credit. A bad credit loan can still be offered, allowing you to get the loan you need without having to go through the process of a credit check. Online loans for poor credit can definitely help you with your situation because you can receive the funds you need for the situation you are in regardless of whether or not you have a poor credit score.

How Do I Apply for a Bad Credit Loan?

Applying for a loan with bad credit is quite simple. First you will need to find a lender, which surely is not really a problem nowadays. In fact, there are so many different lenders available on the Internet; you will have choices when it comes to the lenders you go with. After you have chosen a lender, you can begin to fill out the application.

The application for a loan too is quite simple to fill out. All you really need to do is fill out basic information on yourself. Some of the information you will need to fill out includes your name, address, social security number, and other information that provides the lenders with an idea of who you are and how much money you make so that they know whether or not you'll be able to pay the loan back in a certain amount of time. The application will only take you a few minutes to fill out. After you have completed the application, you can submit it to the lenders. They will carefully review it and decide whether or not to approve you for the loan. Some lenders will provide an answer of approval for you in a matter of just a few seconds, which is definitely a good thing because then you do not have to wait long to find out if you will get the help you need.

What Happens Upon Approval of a Loan?

If you have been approved for the loan that you applied for, you can rest assured receive the loan in a short time. In fact, most lenders will deposit the money directly into your account on the following business day after you applied for the loan so that you do not have to wait long at all to get the money you need.

Article Source: http://EzineArticles.com/7316291

Business Cash Advance Could Save Your Business

Business cash is a loan program to finance the small and the mid sized business. We are living in the world, where economy is constantly thriving. The survival for the small business is getting difficult in this economy. Some small businesses do not even get successful. They go into loss at the very initial level due to no or meager financial support.

Any company that accepts credit/debit card can easily qualify for Business Cash. The company must have a good credit card score. It should be in business with at least 650 of credit score. the merchants who are still current with their rent can qualify for this loan.

To save these small and mid sized companies, many merchant companies have introduced business cash which is a loan for small businesses.

They are unlike business loans from banks where you have to pay the money within limited time. Business Cash also known as Merchant Cash provider only takes a percentage of your credit card sales, which ranges from 12 to 20 percent. This process is continued until the loan is repaid. Unlike banks where you have to repay full and fixed instalments.

Qualification for a Merchant Cash

Any company that accepts credit/debit card can easily qualify for Business Cash. The company must have a good credit card score. It should be in business with at least 650 of credit score. the merchants who are still current with their rent can qualify for this loan.

Benefits of Merchant Cash

1. It is easy to apply and has high approval rate.

2. No collaterals are required.

3. you can get cash easily in 2 to 3 days

4. No closing or upfront fee is required.

5. No monthly instalments are to be paid.

Business Cash Vs. Bank Loans

They are unlike business loans from banks where you have to pay the money within limited time. Business Cash also known as Merchant Cash provider only takes a percentage of your credit card sales, which ranges from 12 to 20 percent. This process is continued until the loan is repaid. Unlike banks where you have to repay full and fixed instalments.

How much money can be taken?

A small business can get up to $50,000 to $250,000 of cash. If a company has an average credit card deposit of $200,000, then you can easily qualify for $200,000 of loan.

Therefore, Business Cash is the best way of financing your business. It can help you to save your business and can help expanding it.

Article Source: http://EzineArticles.com/7316982

Engaging A Real Estate Agent Saves You Cash

Why should you use a real estate agent? With their intimate knowledge of the realty field, they can save you money in many ways.

Are you searching for a new home? It is perfectly fine to do some searching on your own. You can drive around residential neighborhoods and find houses that you find attractive. Search realtors online listings.

Why not just contact the realtor who listed the house? They have a vested interest in selling the house and representing interests of the seller. You need to engage a realtor who will represent your interests as the buyer. They will take advantage of the latest computer technology to find your dream home.

When Buying a Home, a Realtor's Services are Free

The good news is that this will not cost you anything. The seller will pay your realtor, as both realtors will divide the commission.

A Knowledgeable Realtor Has an Intimate Knowledge of the Neighborhood

A knowledgeable realtor will understand the advantages and disadvantages of living in a particular neighborhood. They will know whether the neighborhood is being improved or is in decline. Perhaps a commercial development is planned nearby that will affect the neighborhood adversely. These factors significantly affect property value.

It is usually best to have your realtor negotiate price and terms for you. They are skilled in diplomacy, which is needed when negotiating with owners who have a lot of emotional ties to their home.

A Realtor Guides You Through the Complicated Home-buying Process

Your realtor will guide you through the entire home-buying process. You will need an inspection by a certified home inspector. The inspection will reveal any hidden defects that would affect the safety and value of the home. The structural integrity, roofing, electric service, heating and cooling systems, plumbing, insulation and appliances will be checked. You will receive a detailed written report.

Oft-neglected Radon Testing is Essential

If the home is in a radon-prone area, it needs to be tested for radon. Radon gas is an invisible, radioactive gas that is the second-leading cause of lung cancer. Radon is present in the outside air and often reaches unsafe levels inside homes. Remediation techniques can reduce the gas to acceptable levels.

A Realtor Can Often Assist in Finding Sources of Financing

Are you having trouble finding financing for the purchase? Often, a realtor has knowledge of alternate sources of financing. Sometimes, property may be purchased under a land contract or lease agreement with option to buy. In this depressed real estate market, sellers may be amenable to these types of sales.

Under a land contract, a modest down payment is made by the buyer. Monthly payments are made for a fixed term. The balance is amortized like a mortgage. Ownership is transferred to the buyer when full payment is made. The buyer carries insurance on the property, which protects both buyer and seller. Maintenance is the buyer's responsibility.

The lease purchase method is similar, but the buyer does not commit to the purchase until the lease expires.

Your personal real estate agent can save you money every step of the way by guiding you to the least-costly method of achieving your goal.

Article Source: http://EzineArticles.com/7319839

How Debt Affects Your Important Relationships - Learn How To Start Breaking This Horrible Cycle

Debts are undeniably one of the major factors that affect the quality of relationships. Debt can actually put a great pressure on your relationships with other people. There have been lots of articles discussing the undesirable impacts of debts on relationships but it cannot be denied that more and more people still continue making debts.

Credit Cards and 'Buy Now Pay Later' Scheme, and Their Undesirable Outcomes

Credit cards have become the lifeline of millions of people around the globe. With this thin plastic money, you can instantly purchase your desired item, enroll yourself in a university and even pay for medical services abruptly.

It cannot be denied that the initial promise of good life and luxury of making debts is pretty tempting. Who would want to say no to new gadgets, house furniture and wardrobes? Even the promo, "buy now, pay later" is very tempting and you cannot just help yourself in getting what you want. As the debt grows bigger, your money becomes no longer yours. And before you know it, you are now bankrupt!

Debt and Its Impacts on Family and Relationships

Bankruptcy is one of the best options of people who are having difficulties in digging themselves out of their debts. However, it causes a lot of mental and emotional pressures to families and marriages. In fact, it can even lead to broken families. The father and the mother are blaming each other for their current financial burden often which may lead to physical hurting. The problem may escalate to abandonment and violence, leaving children in hopelessness and despair.

Psychologists actually consider money problems as one of the major causes of marital disputes. It usually triggers tensions and stress to the marital life of the couple. The constant fights and "blaming at each other" attitudes of the couple actually create non-conducive and unsafe environment for the children. Also, it deteriorates marriage relationships and later on, it may cause psychological effects to children.

Debt Affects Relationships in the Workplace

Debt doesn't just affect your relationship with your partner. It can also affect your relationship with the people in your workplace. Your debt should be causing you with sleeplessness and before you know your overall work performance is now affected. Your boss and officemates are noticing your inattentiveness and less focus. In the long run, debt may cost you your job and subsequently, additional financial problems arise.

Dealing with Debts

Manage your debt now and enhance your relationships with other people! At some point in your life, making debts may become inevitable but manage to move on and try free yourself from debt. This is one of the best ways to improve your relationship with your partner and other people as well.

Getting Expert Financial Advice Helps

Whatever financial situation you are into now, getting financial advice from experts would absolutely help. Talk with financial experts and get advice on how to pay off your debts. Don't feel embarrassed as these people are very expert at dealing with situations such as yours and they are there to help people like you.

It cannot be denied that some people are getting buried with piles of debts due to the embarrassment of divulging their debt issues with other people. Their reluctance to seek for financial advice only leads them to greater financial difficulties. If you feel uncomfortable in sharing your money issues with other people, you can also avail of online helps.

Debt experts can give you excellent advices and relief options for your debts. These people can offer you advices about the best option to take considering your present situation. According to surveys, 33% of those who decided to seek for financial advice didn't actually any idea about the relief options for their problem.

Talk With Your Partner and Friends

As much as possible, talk with your partner regarding your financial difficulties and discuss on how the two of you can help each other out to resolve it. Instead of allowing debt to ruin your once harmonious relationship, why don't you talk with your partner, discuss your problem and find resolutions to it?

Confiding your problems with some trusted friends can also help. Though they may not be able to help you get out of your current financial burden, it is a good and relieving feeling to divulge your problems with them and get support from them.

Discuss What Went Wrong

While trying to resolve your financial problem, never forget to discuss the root causes of your problem. Try to look at the factors which triggered you to incur a lot of debts. This time, formulate ways on how you can avoid it and find ways to find cheaper and more affordable alternatives. If you have plans of buying something, talk to your partner about it and consult him or her so blaming won't happen afterwards.

Make a budget plan on how you should spend your resources and by all means, stick with the budget. Always try to spend within your means and never borrow money if you know that you cannot repay it. And lastly, make savings!

Article Source: http://EzineArticles.com/7321108

3 Ways to Feel Lighter, Sleep Better and Put Your Credit Score In Its Place!

How many times have you promised yourself... I'm gonna "get responsible" and SAVE money!

I know I have. And, I'm here to tell you it's time for a fresh approach!

Being self-employed most of my life, it seemed that feast or famine had been the greater part of my existence, and while everything always seemed to work out, there is no doubt that I needed some improvement in the area of financial security.

While I'm an A-student when it comes to budgeting and tracking my cash, I haven't always been the best at setting extra money aside.

The bills got paid, and if there was something left over, I generally spent it. I did this for enough years in a row (paying the bills that is) that my credit report was off-the-charts fantastic!

What a great credit rating got me was lots of credit, which I used extensively. However, three properties, one foreclosure and one defaulted credit card later it seems a high credit rating may not be all it's cracked up to be.

My experience was that after literally two decades of loyalty and prompt payments to my banks, and an excellent credit rating they did little to help me when I saw the warning signs of a financial downturn.

I worked with one bank for TWO YEARS trying to sort out a loan modification, meanwhile destroying my credit, and in the end not coming to terms.

To be clear, I don't feel victimized, but definitely wiser about the choices I make going forward in an age where - for me - cash is king.

I've developed three habits that keep me light on my feet and sleeping through the night!

Perhaps they'll encourage you!

1. No credit cards. Not one. The money that I don't spend on interest and buying things I, either can't afford, or will tire of before they are paid for is worth far more than my credit rating at this point.

I wish all of you the profound joy of living truly within your means.

I know, I know, why not pay credit for what I was going to pay cash for and then pay it off at the end of the month and earn points or improve my credit rating. The truth is, I worried about my credit rating for years and I'm done with that... and points come and go. There may be a time for that, but for me, now is not that time.

2. I don't count lattes. Doing that made me feel restricted, deprived and ultimately unhappy... and worse, develops a mentality of austerity, not prosperity. I wrote about shifting financial perspective a while back and sometimes a shift in perspective is the best start you can make.

And, my favorite...

3. I've learned to impulse SAVE. If there is something specific I want that I do not have the cash for, I identify exactly how much it will cost, and every time I want to impulse buy $10 here or $20 there, I, instead, go to the bank app on my phone and transfer that amount to my savings account.

I keep doing this until I have the chunk of moola I need for what I REALLY want!

If you don't have a bank account with a phone app, there are alternate apps that create a virtual piggy bank that might work for you.

I am AMAZED at how quickly hundreds of dollars accumulate!

It can be as easy as saying no to the 3 for $10 bargain, then just getting the one you need for $4 and putting the other $6 into savings. It's freaking rewarding, is what it is... and, really fun when you start to see how much you DON'T NEED.

Here's to freedom from financial insecurity!

Article Source: http://EzineArticles.com/7281757

Selecting a Novated Lease Vehicle

Many Australians are realising the benefits of salary packing a car instead of going with traditional vehicle financing. The opportunity to save thousands of dollars across the term of the loan and effectively give yourself a tax cut is incredibly appealing. This article will look at the various options available to you when selecting a vehicle for your lease, we look at both buying new and pre-owned vehicles.

Once you and your employer have authorised the salary package schedule and after credit approval from the financier and receipt of a signed salary package schedule, the leasing provider will place the order with the successful car dealer.

Where you are acquiring a new vehicle, you have the following options:

1. Most Novated Lease providers will assist you in sourcing your vehicle. They will obtain their best price and advise you of the resulting salary sacrifice amount at the salary package schedule stage. This option is very advantageous as the novated company can do the often stressful negotiating and also leverage their buying power to get you a better deal.

2. You may choose to source the vehicle yourself. Your written request for the Lease provider to purchase the vehicle from your nominated dealer should accompany the Request for salary package schedule. The leasing provider will then prepare your salary package schedule on this basis.

3. You may obtain a written quotation from your dealer of choice and provide this to the Novated Lease provider with your request for a salary package schedule. The lease provider will not disclose the quotation, but will obtain alternative quotations. The best price will prevail and the Novated Lease provider will advise you of the order price during the salary package schedule process.

Owned & Second Hand Vehicles

You can Novate second hand vehicles, a few rules apply around the finance and you should contact your novated provider to discuss this prior to committing. The second-hand vehicle being financed under a Novated Lease arrangement must be in good condition and up to date with the manufacturer recommended servicing.

It must also be registered at lease commencement. Vehicles must not be older than seven years of age at the lease end date. Prior to finalisation of the salary package schedule and before the financier settles the finance on your lease, owned and second-hand vehicles will require a full mechanical inspection at your expense. Please check with your account manager to find an authorised inspection centre.

Article Source: http://EzineArticles.com/7017759

Guide While Searching for Bad Credit Auto Loans

Poor credit standing is among the outcomes of monetary damages. In some cases, this is a barrier in obtaining badly needed loans for instance car finance. The great thing is now you may look for bad credit car loans.

Medical conditions, accidental injuries, and unemployment are common factors why people suffer from financial conditions. These types of events do not only attack the psychological and physical well-being of a person. It also damages finances that could possibly result in bad credit score. Plenty of people going through these types of occasions have trouble attaining control over their finances. They could experience difficulty applying for loans whilst wanting to start anew. Auto loan is one necessary loan for an individual to get back in line. One good thing is, financial institutions are now featuring bad credit auto loans on the web. If you feel you absolutely need this kind of loan, this short article can help you. Keep reading to get information regarding it.

Bad credit car loans supply remedies for individuals with less than perfect credit rating. Many lending corporations provide this kind of loan. When it is your first time to use this option, you must understand the best way to have an easy and effective application. This commonly depends on your finance company. Knowing this, you need to pick out your lender properly. Below are some valuable tips when searching for your bad credit car loans firm.

- It is not enough to know you've got a bad credit score. You still need to review your status and compare it on your previous rating. You may ask for a credit report from institutions such as TransUnion, Experian, or EquiFax. The Online World can help you do this much faster. Knowing the full details of your rating can be convenient once you find your loan provider.

- Know about the ties of the online company to real lenders. Opt for businesses having wide community of lenders supplying direct credit to customers. This sort of company will get you quick loan approval and give you the opportunity to buy just like a cash purchaser.

- Check out their partner car marketers. These affiliates can be a person or a part of dealership dedicated to bad credit car loans. A company with partnership with a number of sellers allows buyers have faster and easier processing. They can assist you to when there are difficulties over the application.

- All providers supplying bad credit auto loans apply almost the same procedures. They, however, vary in extra services and conditions. Check these out very carefully before you make a decision. Like any service, you have to make sure everything matches your needs and preferences. Inquire about the benefits as well. Ask the company what benefits applies for which situation. This is important in getting the best value for your money.

- Analyze their terms of payment. See whether the payment modes would match your ability to pay. Otherwise, you might end up being delinquent, which could worsen your credit score. Consider other things you might spend on so you can effectively assess your payment options.

Remember these things when finding a company for your bad credit car loans. Take note, too, that deals get better once your standing improves. This means you can negotiate for a better agreement with your lender. To achieve this, you first have to pay on time. If possible, cut down unnecessary expenditures so you can focus on your obligations.

Start looking for your lender online so you can get bad credit auto loans soon.

Article Source: http://EzineArticles.com/7008039

Understanding Car Loans and How It Works

Owning a shiny new car is something that most folks would dream about. With regards to life's biggest purchases, buying a car is certainly one of the most common big-time investments. You are probably well-aware by now that purchasing a car is no small feat as it involves a good deal of money, this becomes more apparent if you are buying a high-end model. But let's face it, not everyone has the financial capability to purchase a car in cash. For this reason, financial institutions that provide car loans exist. But applying for a car loan is not something that you would want to dive into blindly. Read on and you will understand more regarding auto loans and how it works.

First off, you will of course need to know what exactly is an auto loan. Keeping it simple, this type of loan is offered for folks who are in need of financial help with regards to buying a car. When it comes to an auto loan, the borrower is usually presented with plenty of options. If you apply for an auto loan and be approved, you have the choice of using it to purchase a brand-new or used car. In addition, it may also be used to buy from an official seller or from an independent car dealer. Would-be borrowers also have the options of securing a pre-approved loan or it could be provided on-site after the vehicle acquisition. There are many cases where lenders will send-out pre-approvals to their clients in order to motivate them into purchasing a car.

Since a car loan is considered to be a secured loan, a collateral has to be provided prior to its approval. In this instance, what counts as the collateral is the vehicle itself. This is the most preferable form of car loans because the interests are much lower as compared to an auto loan sans the collateral. So why not just apply for a personal loan and purchase a car? If you don't want to deal with having higher interest rates, it is best that you opt for a loan specified for purchasing vehicles. Keep in mind that the vehicle is not completely owned by you unless the loan is paid in full.

Applying for a car loan is not that much different than securing a personal loan from financial institutions such as banks. But this doesn't mean that you should carelessly deal with it. Purchasing a vehicle is a big investment, so you do not want to end up with a loan that you will have difficulty paying back. This is why it helps a lot to do your research first and gather information before going applying for this type of loan.

Article Source: http://EzineArticles.com/7025513

Mistakes You Should Avoid When Hiring A Financial Advisor

As you become more successful in your chosen career or business, it is natural that your net worth will build up as well. Consequently, this will also quickly make your money situation a lot more complex than before. Suddenly, you find yourself having difficulties managing your finances. If that's the case, you should definitely consider seeking the services of a professional financial advisor. If you wish to sort out your financial life and meet your goals, it is highly recommended that you work with a professional advisor. But keep in mind that you are not just hiring for the sake of hiring, it is imperative that you select the right person. Hiring the wrong person can lead to several problems and you will most likely end up not meeting your goals. Here are some of the most common errors that people make when hiring a professional.

Failing to Check Their Track Record 

Probably one of the worst things that you can do when searching for an expert is neglecting to check the prospect's track record or background. There are many competent finance advisors out there that can help you with your money situation. But if you fail to check their background, you are basically opening your doors to incompetent and shady individuals. That's right, incompetent and unworthy advisors do exist, so it won't hurt to be extra cautious.

Not Verifying The Listed References
Another common mistake that people do when hiring is when they don't call the references that are presented by the prospect. It is quite easy to list down references even if technically they don't exist. By calling the references alone, you will be able to verify if the applicant is being truthful. Of course, calling the people referenced in the application is a great way to verify the capabilities, work ethics, and experiences of the prospect. If you are getting good feedback's, then take it as a great sign.

Limiting Your Options
Another thing that you should avoid when looking for a financial adviser is to settle with the first person you come across. This particular mistake is only effective in limiting your options. Just how will you know that you are hiring the most ideal person for your needs? Interview at least, three to five people and select the one that you like best. When working with an expert, keep in mind that you are the boss. Avoid following your advisor blindly and assume that his advice is the absolute best course of action.

Article Source: http://EzineArticles.com/7312185

How Do I Qualify for Home Equity Release?

The first piece of criteria you will need to fulfil in order to qualify for a home equity release plan is to be over the age of 55 years old and obviously a homeowner.

If you are applying for a joint application, then the youngest person will need to be at least 55 years old as that is the minimum age as set out by the Equity Release Council (formally known as SHIP).

Once this has been confirmed then the next thing you will need to ensure is that your property is valued in excess of £75,000 as this is the minimum house value that will considered. Whilst it would not stop you releasing equity from your home, it would also help if your house was mortgage free, however this may not be essential and will depend on the value of the property and the size of any outstanding mortgage.

Normally if there is a mortgage on a property that's looking to release equity, then the value of the mortgage is normally added to the new 'loan' then cleared, so you will be adding your mortgage onto the amount of equity you release and simply paying that debt off with the new amount.

Should this be the case your independent financial adviser will be able to give you a much more accurate amount available once they complete their financial assessment of you and your partner (if it's a joint application)

Once this has been established and taking into consideration the age of the youngest applicant, your health will also need to be assessed as this could have a bearing on how much equity you can release against the value of your home.

It also needs to be noted that there is a minimum amount which has to be released and that number is £10,000 however you will not have to take the full amount if you don't need it, as it could be quite a significant amount if your property has increased in value over the years.

So to be very clear, as long as you agree to take the minimum amount of £10,000 then you can take however much you want as long as it does not exceed the maximum amount available.

The actual calculation of how much equity you can release is very complex and whist there are several 'calculators' available, none are particularly accurate as each and every person or couple who applies has very different circumstances, making it almost impossible to give you a specific amount, although an estimated amount may be possible.

So in summary, in order to confirm if you do actually qualify for a home equity release plan the youngest applicant will need to be at least 55 years old, be a homeowner with a minimum value of £75,000, take at least £10,000 and be prepared for an Independent adviser to gather all the necessary information in order to confirm what money you will be able to release and who will be the best company to deal with.

Releasing equity in your home is a very important decision so you will NOT BE RUSHED into making any commitment and we would always suggest that if you are unsure about anything,

Article Source: http://EzineArticles.com/7303990

Considering Buying A Piggy Bank For Grown-Ups? Read This First!

The practice of saving money has been around with us for a very long time. Over the years, it has become important to save for various reasons. Some people save to put a down payment for property, others to pay for school; the reasons are varied. The methods used for saving money are also varied. It can be put in a savings account, or put under the mattress by the real risk takers. One method that has been popular for many years is the piggy bank. But before you go out and get yourself one, there are some things you should consider.

Not for Major Savings

The biggest disadvantage of piggy banks is that you will only be able to save small amounts of money at a time due to the size of it, unless you buy a large piggy bank, which will be able to hold quite a bit of money - especially if you drop in $20, $50 or $100 bills in there. Obviously it can take a log time to save for a house down payment, but it would be quite exciting if you wanted to save for a trip to Vegas, or a night out with the girls or guys.

Are You Disciplined Enough Not to Break The Bank at Will?

It takes a lot of self-discipline for a lot of us to resist the temptation to not spend money that is conveniently close by. The old adage "out of sight, out of mind" applies well in this situation. If you cannot resist dipping in the piggy bank, perhaps you might want to stash your money away in a bank account that you are not easily able to access. However, seeing your large personalized piggy bank as a reminder of your goal will be an encouragement to drop in more money, rather than taking out money.

You Will Not Be Able to Earn Interest

If you choose to put your money in a savings account, it will accrue some interest. This means that it increases in value. In a piggy bank, it is simply lying there, not gaining anything and perhaps even losing its value on account of inflation. But with the interest rates so low these days, there isn't much difference between piggy banks and bank accounts.

All of the above are simple considerations that you must take into account before you decide how you want save for the upcoming goal of yours.

Grace Thompson has raised two financially-savvy kids, while having had a successful career in managing projects with multi-million-dollar budgets.

Article Source: http://EzineArticles.com/7295109

Should Adults Use Piggy Banks?

Saving money is something that all of us should aspire to. It could be that you want to buy a gift for a loved one, but you cannot get the money for it all at once. Or, perhaps you want to treat yourself to a night out with friends at the end of the month and you want to put money aside for that. One convenient way of doing this is by investing in a piggy bank. These receptacles for putting money in have for many years been associated with children, but the whole piggy bank concept works for adults just as well as it does for kids.

It is pretty handy to have one in the house. Sometimes we carry back spare change from our grocery shopping, and we leave all this "small money" lying around the house for our kids to steal for candy and other things. It might look like a small thing, but that money cumulatively is no longer "small", but can actually add up and be used for something meaningful. Why not find a place where it can stay safe and accumulate until it is needed? A piggy bank is useful in this way because once you put your money in it, you do not have to think about it until you need to spend it.

Saving money can be boring; what with making sure that your bank savings account is always credited all the time. A piggy bank is always there, right in your house reminding you that you need to put some money into it. For those who lose interest quickly, this serves as a catalyst to action, particularly when you are saving towards a specific purpose. You do not have the excuse that you did not have time to go to the bank; the "bank" is right there. Besides, it can also be fun especially if you have one that is not transparent. There is no way of telling how much money you have in there until the day you empty it.

A piggy bank need not act only as a place where you save your money; it can also be used as an decorative piece in your house. A lot of them are shaped like a pig, but you can get one in the shape of other animals or objects. They also come in different colours and themes to suit your taste. You can also buy a plain piggy bank and use your paints and brushes to decorate it whichever way you want. So, the whole experience of saving your money in a piggy bank need not be a boring affair. You can use the piggy as a conversation starter when you have guests in the house.

Grace Thompson has raised two financially-savvy kids, while having had a successful career in managing projects with multi-million-dollar budgets.

Article Source: http://EzineArticles.com/7306724

Financial Literacy Strategy

With the raising interest in financial education due to the economic recession felt across the world there has been an increase in financial awareness as well as Federal and State programs designed to help with providing education.

On the Federal level Congress enacted the Dodd-Frank Wall Street Reform and Consumer Protection Act also referred to Dodd-Frank Act. As a result of this Act the Consumer Financial Protection Bureau was set up as the watch dog organization overseeing the implementation of the Acts policies.

Part of the responsibility of the CFPB is to promote financial education through what's called Consumer Engagement & Education groups. The CFPB works with these groups all across the country spreading the good news of financial literacy.

Why Financial Literacy Strategy is important

The President's Advisory Council defines financial literacy as "the ability to use knowledge and skills to manage financial resources effectively for a lifetime of financial well-being."

According to Ron Lewis; Financial literacy is an issue that should command our attention because many Americans are not adequately organizing finances for their education, healthcare and retirement.

Certainly if we examine the statistics with regard to the financial well-being of individuals in this country we see some very alarming numbers that seem to indicate a drastic need for educational strategy across all age groups and genders regarding finances.

For many years we have looked to our education system to help provide a financial literacy strategy for our youth. This system has not provided nor meets our expectations in this area and we must devise a plan to introduce this concept to all age groups in this country to help assure their financial future and well-being.

Community involvement in Financial Literacy Strategy

In order to educate people of the importance of this skill we must have at a local level educational groups and programs that are easily accessible by the public providing fundamental training that addresses the masses not just the wealthy.

Church's and local clubs are a great resource outreach to the community that can have a major impact. It is also necessary for small, medium and large business to support these organizations along with providing employee programs.

Financial literacy training can not only benefit the individual but as well the country as a whole. The hard cold truth is we have an economy that is fueled by consumer spending and debt. The key is to have a balance so that you have a chance at financial success. A financial literacy strategy is directly related to that success.

Article Source: http://EzineArticles.com/7313842