4 Tips for Generating Money with Your Mobile Phone

Making money online has long been a popular way of generating an additional income. However with the explosion of the smart phone and tablet market you can now make money with your mobile, making it easier to run a business on the go and generate extra money from just about anywhere. So before you set up yet another e-commerce site, read these tips on how to make money using your mobile device.

1. Participate in surveys

Mobile surveys or product reviews are a great way to earn some extra money from just about anywhere. You can complete a survey whilst standing in the queue at the grocery store or whilst waiting for a bus, and although the remuneration may be small it will fast add up.

2. Create an app

This may seem farfetched if you have no technological knowledge, but if you have a fantastic idea and know someone who can develop it for you, a mobile app can earn you thousands. Even the simplest apps generate a huge income if they are purchased by users from around the globe. [Read more…]

3 Warning Signs That Your Credit Card is a Ticking Time Bomb

Do you use a credit card often? Do you just love it? Well, you may want to be careful, because useful as a credit card might be, if you are not cautious, it could blow up on you at the most inopportune moment. Bank checks online may be something to look into.

When used properly, a credit card can be a great tool for earning rewards and saving yourself the trouble of having to go to the ATM often to withdraw cash. But when not used properly, it is just like a ticking time bomb that will destroy your credit worthiness, and you in the process.

Here are 3 warning signs that your credit card might go ballistic on you –

1. You use balance transfer offers like your personal checking account

Do you respond to every single one of the balance transfer credit card offers? Do you use those little checks to pay off your bills or buy all the things that you always wanted to buy but never had the money for? Do you use it to float your balance because you have been piling on more debt than you can handle?

This is usually the first sign that you need to start taking a deep hard look at your spending habits. Even the most harmless looking 0% APR balance transfers usually carry a balance transfer fee. This is why it’s important to compare your balance transfer options by using a website like creditcard.com.au. In addition if the payment is not made in full by the term specified, the interest rates will sky rocket. In the end you will pay way more than what you borrowed and it will land you in a worse situation than before.

2. You only make minimum payments on your credit cards

debtDid you know that if you only pay the minimum payments on your credit cards, you could take 10, 15 or more years to pay off even the smallest of the balances? In the meanwhile, you continuously pay interest on the balance, fattening the bottom line of the credit card companies.

If you have the habit of just paying off the minimum each month, stop for a bit and pay attention to the credit card bill which tells you how long you will take to pay off your bills and the amount of interest you pay in that process. And then make it a habit to pay off at least a little bit more than the minimum payment each month. Also, whenever possible, use your bonus checks or gift money to pay off the balance, thereby leaving you with smaller minimum payments and more money left over to pay down the principle each month.

3. You use money from credit cards for risky investments

If you have an entrepreneurial streak, it may seem tempting to charge up the credit card to support your next venture. If you are into investment, you may think it is safe to invest the money from balance transfers into the stock market.

But remember that any time you spend the money from credit cards in non-guaranteed investments – be it an entrepreneurial venture or the stock market or just a loan to a “friend”, you are putting your financial future in dire risk. If any of your investments go belly up, you will be left with a huge debt at probably a large interest rate!

The best way to stay out of credit card trouble is to realize that the money from credit cards is not yours! The credit card companies are in this to make money… don’t be the sucker that they fatten up their profit margins through!

Financial New Years’ Resolutions: Making 2013-14 a Good Financial Year

The New Year is a great excuse to give yourself when it comes to finding reasons to improve your financial life. Everyone could use a little bit of a reset when it comes to their finances from time to time, and there is no better time to get started with a new financial plan than the beginning of a new year. You can make a lot of financial progress in your life if you make a few small changes to the way you manage your money on a yearly basis, and there is no reason to think that you cannot create a better financial life for yourself and your family over the next 12 months. Take a look at some of the tips mentioned in this article if you would like to be able to improve your financial standing in the world.

Manage Your Energy Costs

It is looking like 2013-14 will be a rather good year for commodities, which means that you can expect your energy costs to go through the roof at some point during the year. Whether you are trying to heat up the house during the winter or cool it down during the summer, it can be difficult to manage the cost of energy in your own home. There are a number of different incentives given out by the government in the UK when it comes to becoming more energy efficient, and now is definitely the time to take advantage of these kickbacks from the Government. For example, if you purchase a new, more energy-efficient boiler, you may be able to get up to £400 back for your troubles. There is also free loft insulation and cavity wall insulation and bursaries for those looking to invest in under-floor insulation. There are also bursaries for people looking to invest in solar panels, heat pumps and most things that are promoting green energy. The United Kingdom is one of the best places to live in the world if you are trying to become more energy efficient, so it’s important to take advantage of these perks.

Get a Better Interest Rate on Your Mortgage

If you are in a situation where you have the option to switch to an adjustable rate mortgage, then now may be the time to take that option. Interest rates are expected to stay low for the next few years as governments around the world continue to attempt to stimulate their economies. A lower rate of interest on your mortgage can drastically lower the amount that you have to pay on a monthly basis. More importantly, a lower rate of interest also means that you will be paying a lower amount of money in total to your lender. You may also want to seriously consider paying more off your mortgage with any savings to lessen the term of your mortgage.

Think About Your Long Term Financial Health

Your long term financial situation should be considered, having appropriate life insurance as well as a will in place is something everyone should do especially if you have children. Knowing that your partner and children are provided for and able to get to the money as quickly and pain free as possible should be a priority. You should also look at saving money and allowing it to work for you as this is the best way to give yourself some financial security, and there is nothing better than seeing a few thousand pounds turn into a few hundred thousand pounds by the time you are ready to retire, having a long term saving plan or pension in place makes for good financial sense. Your children’s futures should be at the top of your priority list, and that is why you need to look into child trust funds or saving on behalf of your children. Some people think that these trust funds are better for parking cash rather than investing it, so you may want to look for other options while you plan for the future of your children. This lump sum could be for their education or toward their first home or car and could be an invaluable helping hand for them.

If you get your finances in order and live in a more frugal way you can save enough money to think about the long term saving or investments and the future of what you money can do for you and your family.

Author Bio:
Marie Warren works for RecruitmentRevolution an on-line job agency who specialise in matching the right candidate to their perfect job for a fixed fee. Marie has experience in the work of finance and business and has written for several sites about how to manage their business successfully through to the next budget.

Tax Time!

It’s that time of the year again! Have you finished filing your taxes? We are still ploughing through. It doesn’t look like we will be receiving any refunds this year though 🙁 How about you? And what will you do with your refund?

Here is an interesting infographic with a tax day survey. How about a nice innovative idea for this year? In addition to spending, saving and using part of your tax refund to pay off your debt, this year set aside a small chunk to create a residual income stream. Just look through our list of money making ideas, pick one that grabs your attention and get started!


Via: dealnews

5 Tips to Eliminate Your Debt

If you are struggling with debt, it may seem as if the world is a very bleak place. With mounting bills and collection agencies after you, it may seem like life will never be the same again.

Take a deep breath. Tackling your debt is easier than you think. All you need is a little bit of resolve and a rock solid plan that you will stick with. Here are some of the tips

Establish a budget. If you haven’t done so already, create a budget for your expenses. Trim down your costs to a bare minimum. This applies to all parts of your expenditure –  cable TV, satellite services, cell phone or landline accounts, groceries, discretionary shopping, smokes, coffee, expensive hobbies and partying. If it’s not a bare necessity, skip it for a bit.

Round up your assets and sell some. It can be difficult to let go of your favorite stuff, but it is one of the fastest ways to make some quick cash. Focus on the larger assets like home or car. Smaller stuff can be sold on ebay, craigslist or garage sale.

 

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Find out about hardship programs. Most financial institutions to whom you owe money may have hardship programs. These programs could potentially decrease you interest rates or offer payment deferments. Ask about it – if you don’t ask, you may be leaving a lot of money on the table.

Seek help. If you have any well meaning relatives, this is the time to seek help. While you could run out and get a payday loan when it is time to pay the loan, it will add to your debt worries. Instead work out an amicable arrangement with someone who trusts you and you will be motivated to work hard towards paying back.

Increase your income. When in debt most people focus on reducing their expenses. But an even more potent part of the equation might be to increase your income. You may not be aware of it, but there are literally hundreds of different money making ideas that you can capitalize on to earn some extra money. Check out the inspiring stories of people just like you who what used this exact approach to get rid of their debts and subsequently flourish.

The bottom line is that no one approach is better than the other. What matters in the end is that you make a commitment, create a plan and then stick with it, no matter what comes your way. And before you know it, you will be the one telling others your success story of how at one time you were riddled with debt and here you are today, a true success story.

How to Handle Unexpected Expenses and Financial Emergencies at Home

Life is unpredictable and anything can happen at any time. We don’t realize how fragile the financial environment is. It can take a turn for the worse at any time. Unexpected emergencies can arise out of nowhere but the key thing is learning how to deal with them. Anyone who can survive adversity will come out stronger. Here are a few tips to help you deal with unexpected financial problems.

Evaluate the Scenario

First of all calm down and do not panic. Every troublesome situation has a solution and one way or the other you will figure it out. Analyze the situation and don’t take any unnecessary stress. If you are in the right frame of mind you can survive even the worst of financial emergencies. Start by determining the reason for the unexpected problem. Is it because of something you forgot to do? Or is it because of a change in the market conditions over which you have no control over? Figuring out the core of the problem will give you a sense of relief and you will also be better equipped to deal with it.

Develop a Plan

Once you know what the problem is and what caused it, you will be in a position to make an informed decision. Now you can plan on how to solve the problem. Decide whether you will use the money from your savings or take out a bank loan? Remember that any financial setback can be tough to take emotionally, so take your time before you do anything.

Prioritize Expenses

Once you come to terms with the fact that you are in a financial mess, you will start to think more actively. In this sort of situation, you need to prioritize expenses. What are the things that you really need and which ones are unnecessary? These are the questions that only you can answer, but remember that you can’t keep everything. Some of the expenses will have to be reduced in order to pay for the ones that are important.

For example, the electricity and phone bills are a necessity while the golf club membership is one expense that you can forgo.  It is essential that you keep the bills down in order to recover and return to financial security.

Tap into your Emergency Fund

Remember the money you have been saving for a rainy day? Well now is the time to use it, take out the emergency fund to pay off your debts. Consolidated Credit offers more advice on managing finances. Your emergency can be anything from sudden job loss to serious illness. These emergencies require serious amounts of cash, so planning ahead is always a wise idea.

Readjust your Budget

If you were planning to buy a shiny new car this month, don’t. It is not suitable given your current financial situation. You will have to readjust your budget and cut back on expenses. Remember that luxuries can wait a bit longer. In the current scenario you need financial stability, so only focus on what’s important.

Sell What You Don’t Need

We all have so much stuff in our house that we no longer use, but it is still lying around. It is time that you got rid of it for good. Setup a garage sale or list the items online for sale. Any extra cash that you raise will go a long way to helping you. ConsolidatedCredit.org can help with credit card debt and many other things related to your finances.

Negotiate a Loan

If you are considering taking out a loan then try to negotiate a good deal with the lenders. Your aim should be to get the lowest rates and an extended term. This way you will get the money now to deal with the financial emergency and can pay it off later.

Can your Friends and Family Help?

This is probably your last option. No one likes to ask for money from others but in dire circumstances this may be the only way. So don’t hesitate to talk with your loved ones, they might be willing to help you out. You can take a loan and repay it back later. You will save on hefty interest charges and additional payments if you take a loan from family.

Conclusion

These tips should help you plan your finances better. You will also be better equipped to deal with financial emergencies in the future.

Author’s Bio

This article is composed by Elaine McPartland who is associated with “Consolidated Credit” as their community writer. She has an expertise in writing articles related to debt consolidation and how to pay off debts easily and smoothly. You can add her at her google+ profile. 

Loose Diamonds As Investment: Never Out of Fashion

We’re all aware of the major attraction of investing in diamonds – their incredible staying power. When you buy loose diamond stocks, your portfolio has been blessed with items that are virtually guaranteed to increase in value, protected from the buffeting of the markets and the stresses of the physical world. Over and above all this, diamonds literally are forever when it comes to staying at the forefront of fashion – associated with glamour and the celebrity lifestyle. Hollywood stars, music legends and the elite of society alike all wish to be seen festooned with diamonds, as numerous examples attest.

The Kidman necklace

Just one such example is the gorgeous diamond necklace worn by screen goddess Nicole Kidman on the red carpet during the 2008 Academy Awards. Contrasting with her classic black gown, the diamonds glittered in the lenses of the assembled paparazzi and ensured that both Kidman and the gemstones themselves were the real stars of the Oscars. Just recently, a jeweller based in Dubai offered the same Sautoir necklace for sale at a jewellery exhibition in the UAE for a mere Dh25 million. It is clear that the glamour Nicole Kidman successfully sought on that Oscars night is just not going away!

A fine pedigree

Of course Nicole Kidman is hardly the first star to send a message through diamonds. Whether it’s Marilyn Monroe singing that “Diamonds Are a Girl’s Best Friend” in 1953’s Gentlemen Prefer Blondes, or the innocent attraction of Audrey Hepburn in Breakfast at Tiffany’s these stones have been shorthand for glamour wherever they have been seen.

Carrie Underwood glitters at the Grammys

And taking us right up to date, country singer Carrie Underwood made use of the beauty of diamonds at this weekend’s 55th Annual Grammys Awards, accessorising her Roberto Cavalli gown with an eye-catching 381 carat diamond necklace. As Underwood walked up the red carpet with her bodyguards, she literally looked a few million dollars, thanks to her own good looks, her designer frock and the unbeatable allure of diamonds. From the earliest days of celebrity culture, all the canniest celebs have known that diamonds are a girl’s best friend, just as the smarter investor knows that buying loose diamonds will never be an action they regret.

Serviced and Virtual Offices Give Businesses Flexibility in Swiftly Changing Digital Age

To survive and thrive in the digital age, companies today are forced adapt at incredible speed – in how they form, produce, compete, communicate, market, hire, travel and manage client relationships. Because agility has become such a critical attribute in this modern era of fast-paced change, more businesses are considering the flexible option of serviced and virtual offices.

The term virtual office conjures images of avatars floating into conference rooms, but these are more practical and less science fiction. A virtual office provides businesses with a prestigious address, mail forwarding, a telephone number, a receptionist; the only thing it doesn’t have is company personnel, who are either at home or on the road conducting business. This type of office is an efficient solution for companies young and old that has widely dispersed team members and/or production channels but want to give the impression of a solid central operation. A virtual office also gives them a physical address, often in prime locations that would otherwise not be financially viable.

Serviced offices, on the other hand, are furnished office suites with the requisite technology and administrative support of a fully formed business. What they do not have are some of the financial burdens and/or time commitments that often come with managing an operation. Serviced offices from I2 Office and other organisations, for example, are available at a fraction of the buying and renting costs associated with reputable and centrally located addresses. This gives companies the option of mobility and scalability – the office is there when and to what degree they need it, and furthermore, their reputations are established and fortified by brick-and-mortar addresses in the cities of their choice.

So is this the future of workplace mobility? Sceptics might argue that virtual and serviced offices are indicators of impersonal and transient times – symbols of efficiency over quality. Proponents point out that those critics might just be trying to maintain their advantages in a highly competitive marketplace that is increasingly rewarding flexibility. There’s also a case being made by environmentalists – that the fewer number of people driving to and from work makes it easier to decrease greenhouse gas emissions in the climate era.

Whatever the case, this growing sector of adaptable office space is appealing to an audience of companies who recognize the need and benefit. Whether upsizing, downsizing, or preparing for launch, these businesses of nearly every size and industry are striving for agility, and finding the necessary mobility in serviced and virtual offices.

How About Getting a Job Abroad to Shape Up Your Finances?

It’s doom and gloom all over the place – cutbacks, austerity, job losses and politicians meant to serve us who can’t seem to get their act together. It’s enough to make the most patriotic of citizens look elsewhere to better their prospects. So what about the United Arab Emirates (UAE), where companies there are always on the lookout for the brightest and the best?

It’s a country well worth considering, not least because of the high salaries paid. Thousands of Americans live and work in the UAE already, enjoying the sort of lifestyle most people back home would give their eye teeth for. And for many, it provides the perfect opportunity to rid themselves of debt from all the credit cards, store cards and personal loans which seem so much a part of daily life in the USA. Where else can you do all of that and at the same time put a little something by for a rainy day? It’s a thought.

Now, if you’re thinking the UAE is all desert and nothing much else then think again. It’s one of the most breath-taking and forward-looking countries in the Middle East. With incredible cities like Dubai a beacon of modernity, millions of people from all around the world both visit and live and work in the oil-rich Persian Gulf state. And while half the planet still seems  to be struggling with the economic downturn, most countries in the region appear to be coping rather well.

Indeed, it does seem every other month another new billion-dollar infrastructure project is announced, holding out the prospect of yet more jobs and increased prosperity for the region. Of course, that usually means higher salaries paid as companies compete with each other to attract the best minds and talents for the job.

A report out last year which contained the results of a survey of hundreds of companies across the Gulf region certainly bears that out. The 2012 Total Remuneration Survey carried out by Mercer, a global consulting leader in talent, health, retirement and investments, found that salaries in UAE, Qatar and Saudi Arabia were expected to increase by 5-6% in 2013. So more money in the pocket for all!

And more jobs, too. For the survey also found that 70% of companies were anticipating growth within various departments as they looked to accelerate recruitment in 2013. However, there was a slight note of caution sounded by Zaid Kamhawi, Mercer’s IPS Business Leader in the Middle East.

While the results represented good news for the Gulf’s positioning relative to other parts of the world, he said, companies were still cautious about the impact of regional and global events on local economic activity.

He said, “Broadly, economic activity across the Gulf region has been solid in most areas but the social, political and economic transformation under way in some parts of the broader MENA region mean that business leaders are still exercising caution.”

Multinational firms, he added, with headquarters in Europe or the US and with Middle East operations, perceived the MENA – Middle East and North Africa – region as a bright spot for investment and one of their key growth regions. As a result, companies were competing to attract and retain valuable talent in the foreseeable future.

The Best Student Credit Cards of 2013

The year 2012 came and went, and with it so did various credit cards offered by the major credit card companies. If you’re reading this blog, chances are you are interested in personal finance, and it’s likely that you even made some personal finance related New Year’s resolutions. If you’re a college student, perhaps one of those New Year’s resolutions was to apply for a credit card so you can start earning rewards on your expenses, and more importantly, start to build your credit history. There are literally hundreds of credit cards aimed at students these days, so it can be tough to understand which credit card is right for you, especially if you’ve never had one. As a credit card expert, I’ve done the research and simplified it into a list of my three favorite student credit cards.

Here are my choices for the best student credit cards currently available:

  1. Discover it for Students – The Discover it for Students card was just launched by Discover last week, and is my pick for the best student credit card on the market right now. The Discover it for Students card is a great pick for college students looking for a credit card because it offers no annual fee, no late fees on the first missed payment, and it provides a 0% Introductory APR on purchases for 6 months. The Discover it for Students also offers 5% cash back on purchases made at restaurants and movie theaters through the end of March 2013 on up to $1,500, as well as 1% cash back on all other purchases. Lastly, the Discover it for Students card offers a Cashback Concierge that gives custom online tours to students to teach them how to take advantage of their rewards.
  2. Citi Forward Card for College Students – The Citi Forward Card for College Students has been around for some time now, but it is still in my list of the best credit cards for college students for several reasons. In fact, the Citi Forward Card for College Students was the first card I ever applied for years ago when I was in college, and if it weren’t for the great new Discover it for Students card that just came out, the Citi card would still be my top choice. The Citi Forward Card for College Students offers a 0% Intro APR for 7 months on purchases, 5 ThankYou rewards points for each dollar spent at restaurants and entertainment, 1 ThankYou reward point for each dollar spent on all other purchases, and Citi reduces your APR if you show a pattern of good credit usage. The Citi Forward Card for College Students also does not require a cosigner.
  3. Citi Dividend Card for College Students – The Citi Dividend Card for College Students rounds out my list of the best student credit cards. With the Citi Dividend Card for College Students, cardholders receive 5% cash back on purchases made at Zappos.com, fitness clubs, and drugstores until the end of March of 2013, and 1% cash back on all other purchases. The Citi Dividend Card for College Students also does not require an annual fee to own the card.

About the Author: Logan Abbott is the editor of MyRatePlan.com, and a personal finance expert with over 10 years of experience.