Early Settlement on Your Car Loan

Debt has become a way of life in the USA, and many other countries in the developed world. Of course, only a small number of people have the resources to buy real estate without taking out a mortgage or fund their children’s college education without a student loan.  Sometimes other forms of debt are not quite so justified; they can be a sign of a family living a lifestyle beyond its means. Car loans can perhaps be justified because they fund a fairly large purchase but whether living with almost a permanent car installment loans online makes sense is another question. Often people seem to change cars as soon as their last loan is fully paid off; it is not unusual for them to change cars even before the last loan is full paid. Is this you? Do you really need to change your car that frequently? It appears that it is just a minority that feels uncomfortable with debt and wants to pay everything off a quickly as possible.

Settle a Car Loan Early

If you do this you will save yourself interest, and it will do no harm to your credit score that is such an important factor in both your getting finance, and even if you are looking for a new job. Prospective employers sometimes refer to your credit score as part of the recruitment process because it is one sign of your reliability.

Your level is debt plays a part in your credit score. The ration between your debt and existing available credit is important. Your credit score will drop if you take on more debt, but if you pay on time, and settle early, those entries in your credit history will boost it.  If your credit score is borderline for borrowing, around 600, you cannot afford that initial drop as comfortably.

How Can You Do It?

Well, obviously, you have a fixed monthly repayment for the term of the car loan. If you arrange with your bank to pay more each month, you will finish the car loan earlier. You can accelerate that process for adding more each month as you progress through the term. For example. if your payment is $265 a month, why not pay $300? You will hardly notice the extra going out each month. You can do the calculations for yourself but you will be reducing your term by a few months if it is a five-year agreement.

Biweekly Payments

If you make 26 payments in a year, paying half the monthly figure due, rather than 12 which is based on the months in the calendar, you will effectively pay an extra payment annually. You need to discuss this with your lender to ensure there are no penalties involved in doing this.

You’re only required to make auto loan payments on a monthly basis, but if you strike a deal with your auto lender,

An Extra Payment

If the bi-weekly payments are difficult because of your cashflow then consider an extra month’s payment each year. You may get the chance to pay more if you receive a tax refund or a bonus at work. If your monthly payment is that $260 described above, calculate your annual payment, add a further $260. If you divide that total by 12, pay that as your monthly remittance.

Introductory Option

Some lenders may give you a month off. It might be Christmas when your spending may be higher. If you avoid taking the first month off, or a subsequent month like December, you will pay off your loan earlier. Remember, the lender is not giving you a free month.

Conclusion

It is a good feeling to pay off any loan early. You should really try to avoid living with a permanent car loan, taking out a new one as soon as the last one finishes. If you take out a loan and finish it six month’s early, even that is breathing space for you to use money in a different way. You will find yourself paying out less interest to your lender and with your credit score receiving a boost, you might even get a better interest rate next time round.

How to make it to your next payday 

If you’re finding it tough to stretch your money to the end of the month then you’re not alone. A lot of people are living paycheque to paycheque these days and getting stuck in a cycle of only having just enough to get by. If this is you, here are some tips on how you can ensure that your money will last until payday.

Organise your expenses

If you’re uncertain about having enough money to last you until the end of the month you first need to find out how much money you need to get you to payday and how much of it is going where. This means making a list of all of your important bills that absolutely cannot go unpaid as well as any vital living expenses that you can’t go without, like gas and food money. Once you have an idea of how much you need you’ll find it a lot easier to put it together.

Get the bills out of the way

Skipping on bill payments is one of the worst things you could do when you’re in a tough financial situation. You could end up incurring fines and interest if you skip payments or you could damage your credit score. So, before you start making shopping lists, get your bills paid first or put aside enough money to pay them when the time comes. If you come up short you can look into safe short term loans to pay your bills but only if you’re confident that you can pay them back as soon as possible. Short term loans should only be used for serious emergencies, like urgent bills and emergency expenses that need paying, to avoid bigger bills or serious consequences later on. Once you’ve got the bills out of the way, you know exactly how much you’re living on for the rest of the month and can start planning out your budget.

Save

If you always feel like you’re teetering on the brink of bankruptcy, you need to start rethinking your priorities as well as how you’re spending your money. Little, everyday expenses often add up to unexpectedly significant amounts without us even realising it. If you’re not sure where your money is going, bring a notebook around with you for a week and write down everything you buy and how much it costs. You’ll quickly notice that little luxuries quickly add up and giving them up could improve your financial situation.  An extra $10 a month in your bank account might not seem like much, but that might be the exact amount you need to keep you going until your next payday.

Make money on the side

If you really are strapped for cash there are lots of ways you can make extra money on the side and get your paycheque on the day. Babysitting, housesitting, dog walking and tutoring are all jobs that you could easily pick up over the weekend. If you’re a creative, now might be the time for you to write that book you’ve been saving and sell it online, or sell those knitted blankets you made by hand. If you’re short on free time and can’t pick up an extra job, the internet is the answer for you. Get all of your old junk on Ebay and auction it off, or sign up with online survey websites where you can get rewards for filling out survey. It’s easy money with minimal effort. 

Earning Money with Real Estate

It doesn’t matter if you are curious about real estate and its investment potential, or if you are just really tired of those infomercials that promise untold amounts of money in return for a newfangled way to invest in real estate. It really can be worth your while to see how money can be generated by using real estate.

Mortgages

Did you know that your average mortgage loan officer makes about 2% on each home mortgage that he closes? This is a rate that is mostly standard throughout the industry because of regulations set forth in 2011 by the Federal Reserve Board. That means that if you close a mortgage of $250,000, your earnings will be $5,000. This is an excellent way to make money in real estate while not having to invest in it personally. Also, mortgage loan officers have a schedule that is flexible and are doing something that matters by helping people realize their dream of owning a home.

Rentals

Another good way to make money through real estate is by having rental properties. You might invest in single family homes, duplex, triplexes, or quads, small apartments, or even office or warehouse space. Any of these options will give you easy purchase and financing options while serving as solid investments and can even serve as spaces for your personal use if necessary. 

Tax Benefits

One of the ways that real estate can be a great way to make money is through tax benefits. Depending on which country you live in, many times you will be able to deduct the interest of the mortgage from your income from rental and this creates a profit for you that is tax-free. Another way to get a tax benefit from rental property is by deducting the cost of improvements to the rental property from the income from the rental. You get the deduction as well as the extra value the improvements added to the property.

Wholesale Real Estate

Most of the time, when people hear about real estate investing, they think about buying and renting property or flipping real estate. In reality, there are quite a few different strategies out there for investing in real estate. Some of them don’t even involve tracking down rental payments or making any sort of renovations to the property in question. They key to this is knowing exactly which strategy to use at which times. For people just starting out with real estate investing, real estate wholesaling might be a good option. There is almost no risk in this, too. You don’t need a real estate license and you don’t even need to use any money of your own to do this. Profits on sales like this might rarely go over $40,000 per sale, but you will be able to work on quite a few of them at once and often, these take less than a month to close.

Appreciation

The single most common source of profits in real estate is in appreciation. This is the increase in the value of a property. For different kinds of real estate, this is achieved in a variety of ways. However, it is important to know that this appreciation is only ever realized when the property is either refinanced or sold.

MICs and REITs

If you are unfamiliar with these anagrams, they stand for Mortgage Investment corporations and Real Estate Investment Trusts respectively. These are typically thought of as being fantastic ways to get income from real estate. While this can be true, it is only in the sense that the underlying security is the real estate itself. With REITs, a person who owns many commercial properties will sell shares to his investors. This is usually done in an effort to fund the purchasing of more property. Then, the rental from these properties is passed to the investors. The REIT is actually the landlord for any tenants, but the people who are the owners get the income after the expenses from the REIT and running the properties are taken out.

MICs invest in private mortgages as opposed to any sort of underlying property. They hold the whole mortgage and pass on any interest from the payments to their investors, as opposed to any interest streams that are independent of the mortgage. 

Any and all of these ways are excellent when it comes to generating income from real estate.

Cheap Ways to Relieve Stress in Your Life

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Unfortunately, stress is a frequent part of most people’s lives. Whether it is over our jobs, money, health or family, stress can occur and wreak havoc on our bodies. While massages are great for relieving stress, not everyone can afford that luxury. Here are a few cheap ways to shake that stress from your day.

Exercise

We know, we know. You’ve heard it before, but that’s because it’s true. Exercising for a mere 30 minutes every day can help alleviate anxiety. Plus, working out can boost your mood, making you a happier and healthier version of yourself.

Journal

You don’t have to be a writer to journal. Journaling offers an outlet for working through your stressors. Also, you don’t have to write specifically about what is causing your stress. Just write whatever thoughts comes to mind. After a few entries, you will start to notice a difference in your stress levels.

Cuddle Your Pet

That’s right! Your furball could help lower your stress levels, and there’s scientific evidence to prove it. So give your pet a little extra love today. If you don’t own a pet, visit a local shelter. Volunteer to help with the routine cleaning or management and you can visit with the animals when you’re done. Both of those actions can help relieve some of your stress.

Sleep Well

Sleeping isn’t enough to curb that stress. You need to sleep well, and that means turning off all of your electronics at least 30 minutes before bed and getting a full eight hours of undisturbed rest.

Breathe Deep

Breathing exercises have been around for a long time, and for good reason. Focusing on your breathing will help you not focus on the things causing stress. Try taking a deep breath in through the nose and slowly out through the mouth.

Nap Time

Head back to grade school with this tactic! Naps are some of the best ways to relieve stress, just don’t push it too far. A 20 minute nap is just enough to help you refreshed.

Create a Budget

Is money getting you down? Creating a budget can help you take control of your finances and the stress that follows them. Need help? CreditGUARD is a trusted nonprofit that works to help people find their way out of debt. Give one of their certified credit counselors a call today for more information on their nonprofit debt management, debt consolidation and credit counseling services.

We hope these tips help you become a little less stressed!

Save Money On Your House Move With Shiply

Moving house is an expensive task, especially if you are still a student or just finished your studies. The bills can climb up on you and push you even further into debt.

Sometimes moving is inevitable, whether you are moving home or relocating for work, it is a stressful task that takes a lot of time and money.

However, there are always you can save money and moving house is no different. Read on for 4 simple ways you save money on your house move.

Try Shiply: This is a delivery comparison website where you can get free quotes all directly to your inbox. The aim of Shiply is to allow for courier services to fill up empty vans which in turn is both kind to the environment and your pocket. It is up to 75% cheaper than most offline companies. Shiply works like eBay where you can read the transports company’s feedback from previous customers and compare it to give you a clear idea of the type of service you could get. 

Packing: Some companies will offer a packing service so make sure to ask about it if you need help. This can save you time and money on sourcing boxes and packing material. If you do plan on packing yourself only take what you need, the less stuff you have the less it will cost you. You can buy boxes in bulk from websites like Amazon.

Buy second hand: When we move into a new place we often need new items unexpectedly such as kitchen utensils, furniture, lamps etc. But not everything has to be bought new. Save yourself a ton of money and source some of these items second hand both on and offline. There are so many online options available to find great bargains for example Craigslist, Amazon and eBay. If you are not a fan of shopping online and don’t want the hassle of it then, try local yard sales, classified ads and charity stores. You’ll be surprised what you find, most items just need a bit of tender loving care to look new again.

Do it yourself: When it comes to cleaning do it yourself. It’s not rocket science save yourself the cash and get scrubbing. When leaving your current place, you often won’t get your deposit back until after an inspection has taken place so you need to absolutely scrub every surface. If you are short on time or not the best at cleaning, rope in help.

Preparation is key give yourself time and plan everything at least 3 weeks in advance. The later you leave things the more stressed you will be and the more corners you will cut which in turn will cost you money.

To Buy a Home Soon, Start Learning (and Saving) Now

rp_stock-photos-for-entrepreneurs-2-large-300x200-1-300x200.jpgIn college, you are supposed to learn. Primarily, you should be studying in your chosen field, gaining the knowledge and skills that will serve you in a future career ― but few college grads leave university without acquiring a few lessons about adulthood, too. You learn how much detergent to put in your laundry; you learn how to treat those around you with respect; and you learn how to afford books and rent while still having money left for food. Yet, college still fails to prepare you for the “real world” in a handful of ways ― especially when it comes to owning a home.

Unless real estate was part of your major, you probably know almost nothing about the complex process of buying and selling property. However, if you don’t know what you need now, it could take you years before you are ready to buy your first home. The sooner you quit renting and start gaining equity on your own home, the better ― which means you should really start learning about home ownership right about now.

This guide can help you figure out what financial resources you need to make your first real estate purchase, so you will be one step closer to being prepared for your real, adult life.

Creditworthiness

Few home sales are made with cash. Instead, most home buyers can only afford to purchase property with the help of a home loan, or mortgage. Mortgages come in all shapes and sizes, from the standard 30-year fixed to adjustable rate, from jumbo to conforming, from government-insured to conventional. Because you will be paying your mortgage for several decades (unless you sell the home and move) it is imperative that you understand the various mortgage types and find a trustworthy lender to work with.

Yet, even before you start hunting for a mortgage, you need to work on your credit score. How you use credit now will impact your future score, which will raise or lower your mortgage interest rate. Until you buy a home, you should improve your creditworthiness by paying down your balance, diversifying your credit, and raising your limits without overspending. Then, you should be able to secure an affordable interest rate right out of college.

Available Cash

Though your credit history is paramount, you shouldn’t skimp on saving actual cash. You will need money available to make a down payment on your future home, because neither sellers nor lenders want to do business with a buyer who lacks any liquid assets. For the best interest rate, you should have at least 20 percent of the home’s cost available, but some lenders will accept as little as 5 percent, balancing their risk with demanding higher mortgage payments from you. Additionally, you will need to pay closing costs, home inspector fees, taxes, and a number of other expenses not factored into the home’s price, which means to afford a home soon, you need to start saving yesterday.

Stability

There is no point paying a monthly mortgage if you expect to be jet setting around the world for much of your post-college years. Additionally, if you crave the freedom of a freelance job or the whimsy of a (poor-paying) creative job, home ownership might not be for you. Lenders care little for the joy and independence in your life; more than anything else, they want to know that you are stable and secure, with a reliable income and a reason to stay put. If you can’t prove your responsibility, ideally with a history of paychecks, you can’t and shouldn’t buy a home.

Foresight

Most college students love imagining what their lives will be like after graduation ― but a vast majority of them get it dead wrong. More likely than not, you won’t get your dream job, your dream spouse, or even your dream house, and the sooner you recognize that, the better. Right now, you should develop your sense of foresight, so you can more accurately predict what your property needs will be. Most recent college grads need little more in a home than a warm, dry place to sleep and eat. However, if you are certain that you need a multi-room home close to a good school for your forthcoming family, you should start saving for that, instead.

4 Tips For Entering the Competitive Business Landscape

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So, you’ve got a great idea. You’ve crafted a solid business plan, you have some capital behind you and you’re ready to take the plunge and give it all that you have to make your dream a reality. Careful planning, a relentless drive to succeed and the stubborn tenacity that never takes no for an answer are the most important ingredients that you will need to make it happen. However, along the way, there are plenty of practical steps that you can take that will certainly play their part in helping you to reach your goal.

Finding the Right Space

Renting an office is usually one of, if not the biggest expense for any small business starting out. Fortunately, there are plenty of companies that offer exceptional quality serviced offices as a fraction of the price. Trusted names, such as Servcorp (http://www.servcorp.com.au/en/), offer beautiful, convenient spaces in prime locations that are fully equipped with everything that you will need to conduct your day-to-day business. Serviced offices offer everything from meeting rooms to WiFi, receptionist services, printing facilities and much more to help you present a professional image.

Online Presence

A user-friendly, smoothly functioning website is no longer a luxury. It is an absolute necessity for any business that wants to be taken seriously. Beware of cheap deals that appear too good to be true – they usually are. Just like a cheap car, a bargain-priced website will either look terrible, perform poorly, or come with significant catches that will limit its ability to grow along with you. Remember, your website is the public face of your business and your 24 hours a day, 7 days a week, 365 days a year sales staff. A good website will last you 3-5 years in most cases, so over that period of time will work out immensely cheaper than employing a sales person, so rather than scrimping, make sure you commit the time and resources to getting it perfect.

Plan For Growth

Of course, no-one wants to get too far ahead of themselves. On the other hand, the last thing you want is to reach a certain point of your growth where you turn around and, in a panic, ask yourself “what do I do now?” Putting together a detailed business plan that takes into account multiple growth scenarios is an absolute must. Inevitably, you will find that the business evolves in ways that you probably did not foresee. Nevertheless, at least having a general idea of where you are headed will help you to stay focused and moving forward towards a defined goal.

Understand Your Target Market

The business battleground is littered with the bodies of businesses that failed to properly understand their target market and paid the ultimate price. Even the best concepts can fail due to not meeting the wants and needs of the people to whom they are targeted, leaving the door open to potential competitors who have a stronger finger on the pulse. Whether you do your own research, engage a third party, or utilise cutting edge customer feedback tools understanding how your customers think about and use your product or service can be the greatest asset that you have. This information will be crucial when making the decisions that will drive the future direction of your venture.

Today’s business environment is more competitive and cut-throat than at any time in history. Conversely, the global nature of modern business offers previously unheard of opportunities for enormous success. If you play your cards right, you too have the chance to make it big and achieve your dreams.

Why More People are Choosing to Stay In Rather Than Spend Money Going Out

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Staying at home and “chillaxing”, as the former prime minister of Great Britain was fond of saying, is a new national pastime. People no longer feel the need to go out on the town and spend a fortune on food, drink and entertainment. They would rather put their feet up, relax in front of the TV, and enjoy the company of friends, family, and pets. So why is this the case?

Twenty years ago, ending the evening in a nightclub was viewed as the perfect end to a perfect day. You probably couldn’t hear yourself think amidst the din from the super woofer speakers, but at least you were having fun. By the time lights went on and security staff began throwing the stragglers out, you were footsore, tired, but feeling confident you had had a good night.

Millennials Stay at Home

Today, it’s a very different story. Millennials are staying away from nightclubs in their droves. They would rather go for a coffee or hang out at home playing online games such as Sun Bingo. They begrudge spending money on expensive taxis, entrance fees and overpriced drinks. They would rather spend their hard-earned cash on a decent coffee machine or a boxset of their favourite TV shows.

The Death of Pubs

Pubs are still a familiar haunt for young and old, but even pubs have taken a battering in recent years. A price war between supermarkets and breweries has seen pubs lose out. It’s now cheaper to buy a crate of beer from the local supermarket than it is to spend money on a few pints down at your local.

Beer isn’t the only reason we visit the pub. Pub quizzes are always popular, and pubs that serve food tend to attract plenty of customers. However, pubs that don’t offer anything extra, or are lacking in atmosphere, have closed in their droves. It’s a tough old world out there and if you don’t adapt, you die.

Personal Finance Woes

Money is also a factor. People have less disposable income to spend on entertainment, so they look for things to do at home that cost nothing. The economy may well be in recovery, but with all of the upheaval since Brexit, people are reluctant go too mad. After all, interest rates may be at an all-time low, but this doesn’t mean they are guaranteed to stay that way. Sooner or later, interest rates will rise and anyone with a ton of debt will suffer.

The good news is that you don’t need to go out to have fun. It is cheaper to stay in, and with so many entertainment options available for people who prefer to stay at home, you won’t be bored. Here are some options to get you started if you are struggling to think of anything to do at home.

Thanks to a range of different streaming services available these days, you can pay a small monthly fee and enjoy a huge catalogue of movies, TV shows and specially commissioned programmes. It’s the perfect way to spend an evening – curled up on the sofa with a full season of Game of Thrones, or whatever show you like.

Dinner parties are the new entertainment for middle-class couples. Instead of paying ridiculous sums of money to eat in a restaurant, you can take inspiration from your favourite TV chef and experiment with wacky ingredients. On the other hand, if it all goes horribly wrong, watch the Great British Bake-Off and drool.

Board games went out of fashion when video and computers became popular, but many classic board games have enjoyed a comeback in recent years. Old family favourites such as Monopoly and Scrabble are always good fun, and if there are a few of you playing, it’s even more entertaining. You can pick up board games cheaply enough, so buy a few in and the next time you have friends over, challenge them to a game.

If none of the above appeals, remember that the art of conversation is not yet dead. There is nothing wrong with watching a movie or playing a game, but nothing beats an invigorating conversation with someone who doesn’t share your outlook. Give it a try!

If Your Marketing Strategy Is Failing – Try Asking the Right Questions!

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Young graduates enter the world of business with highly idealistic goals of what their futures are going to look like. Most have high hopes of climbing the corporate ladder until they are seated comfortably in an upper management position where they will easily earn a six figure salary because, after all, they studied online business administration and are ready to hit the world running.

This is especially true of young marketing execs, who are ultra-enthusiastic about helping clients build a strong customer base. They have a business degree with a focus on marketing, but for some reason, they aren’t realizing the success they thought they’d see. Why? Perhaps they aren’t asking the right questions! [Read more…]

How to Look for a Web Hosting Provider

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There are several very important services that you will need to pay for when you launch your own website. One of these is a web hosting provider. This is a company that makes sure your site stays online. Obviously, this is critical because any prolonged downtime will be a disaster for your site. This would be especially bad for a new site that has not yet established a loyal audience. A search online will show you that there are many companies that are involved in the web hosting business. So how do you find out which one to do business with? Here are some of the most crucial things you need to be on the lookout for. [Read more…]