Personal Credit Lines Advantages and Drawbacks
There are numerous varieties of lines of credit (LOCs). The most commonly used one is the personal LOC. PLOCs can be...
Category: Personal Finance
Are You Losing Time to Earn More Money?
We are often so busy in making money, that we forget that the time gone is what we will never...
The Best Money Management Apps You Should Have in 2020
If you are like the majority of Americans, you too must be winging it when it comes to managing your...
5 Signs You Need Help With Managing Pocket Money
Allowance or Pocket Money (as called in the UK), is a small sum of money awarded to an individual for...
How to Track Personal Expenses the Easy Way
Not everyone is born with an innate understanding of finances. There are still plenty of people who struggle to save...
Fight Your Way through Divorce – Financial Tips
When the fights get nasty, even the strongest people give up on their marriages. While divorces can be emotionally challenging,...
7 Payment Options Every New Business Need to Consider
Technology has changed the landscape on how businesses can accept payments for goods and services. The old days of collecting cash payments and then taking them to the bank to deposit them into a business checking are becoming outdated, as new forms of payment processing take hold. If you are starting a new business, here are seven payment options you need to consider to make your payment processing easier and faster. BACS The BACS (Banker’s Automated Clearing Scheme) payments system allows you to accept direct debit authorisations from customers and it allows you to make direct credit payments to the...
Important Lessons You Can Learn From Sports Betting
The only thing more fun than watching the sport that you love is placing a wager on your favorite team....
Should You Get a Home Loan?
If you’re looking to buy a new house, it’s always tricky to figure out how to finance the purchase. Whether...
5 Things to Consider before a Shopping Spree
Shopping is a great way to de-stress and most people enjoy doing it. It’s a fun way to indulge yourself...
How To Become Prepared For Spring/Summer
I’m so incredibly happy that spring and summer are soon approaching. This winter in Chicago has been absolutely brutal. We’ve been hitting all new low records and every day seems to be below zero. I recently moved here from St. Louis, and the weather was definitely warmer there. The fact that we are close to a lake here in Chicago definitely makes things worse. I’ve never been more excited for the warm weather to come. I’m not a fan of the bitterly cold weather, so going outside to do anything has been rare. I’m a fan of running outside, but I...
Repayment Option For the Borrower’s
Before taking a long term loan a person should find out which repayment facility is suiting him. For the repayment option banks have customized their terms as per the requirement of the clients. Let’s discuss the different type of repayment option a loan seeker can get. SURF (Step up Repayment Facility): This is the loan which has been set up by banks to facilitate its customers to pay back their loan in the EMI’s. This mode of repayment is for the customers, who are just starting their career. This repayment method allows the customers to get a large amount for...
Right Use of Loan To Build Your Personal Wealth
Taking a loan seems to us as a hectic task as well as we never prefer to take a loan unless it is inevitable. You must be surprised that loan can prove to be a great tool to enhance your personal wealth. You must be amazed that how a debt can turn into wealth. But its true a loan can offer you several profits. Loans are always misunderstand as a mechanism for help in poor financial status. However, truth is different that is almost all wealthy investors repeatedly utilize loans to help themselves become wealthier. Where loans are concerned, you...
What is your Emergency Fund really for? And are you prepared to use it?
Emergency Fund. It’s one of the most basic principles in personal finance. People mostly talk about using it in case of unemployment in today’s unstable job market. But what else is that money for, if anything? What is that (presumably) large chunk of change really doing for you? Let’s take a step back. When developing a ideal number for an emergency fund, most of us look at what it would take to sustain our family for approximately 6 months with no income. After all, that’s what the experts suggest, right? But what other “emergencies” have you considered? Unexpected travel due...
Couples Finance: How to Pay All Your Bills AND Keep Your Relationship Intact
Couples finance. Yikes. Personal finance is, by it’s very nature, personal. If there is one thing people have trouble opening up about it’s money. Now throw another person into the mix. Another person who may have completely different ideas and ideals when it comes to money. Things can go downhill fast if you’re not careful. Now of course I can’t tell you what will work for sure in your own relationship, but I can tell you what has worked for us at different stages of our relationship. That being said, the biggest tip of all is to communicate. The only...
3 Money Mistakes I’ve Made and How to Avoid Them
What has been your biggest money mistake? Did you run up a credit card with cute clothes from the mall? Did you take out too much in student loans and use the excess for unnecessary expenses? If y’all remember my first post here, I confessed that while I’ve never been in debt, until recently I had absolutely no credit history. While I consider that my most major money mistake, I’ve made a few more that I’m sure others could learn from. 😉 1. Refusing to build credit when I had the chance. Like I said. This is by far my biggest...
What Does Financial Security Mean to You?
Financial security. It’s something that we’re all striving towards (especially in the PF community). But what does that really mean...
Top Personal Finance Blog of 2012
Good Morning, While you are enjoying your cup of morning Average Joe, make sure you get out there and vote for your favorite personal finance blog of 2012. If you cannot decide do not worry you can select up to 3!! Receiving this nomination has been a humbling experience just seeing the list of names that my site is apart of. So what exactly comes with being the best personal finance blog of 2012, well it means $100 will be handed out to one of my lucky readers, how is that for starters??? Now that the Money Life and More...
At Last, a Good-news Story About Banks!
Splutter, gulp, cough…calm down now. No, not United Kingdom banks. Banks in the United Arab Emirates (UAE). Apparently, there’s little in the way of flack there, only trust. Yep, the banks in Dubai and the rest of the UAE – you may even even have heard of some of them, HSBC, Barclays, Citibank and others – are tops when it comes to handling sensitive data, you know, current account, credit card, personal loan and other personal banking details. And they’re even more trusted than the government, according to research by Aimia, a global leader in loyalty management, and 60 per...
9 Reasons Why Your Business Needs Online Banking
Online banking brings a lot of advantages for business owners. It provides a safe and effective way of making transactions without wasting time and energy. This also gives business owners a secure platform for their finances. Online banking provides many benefits for business owners and their companies as well. There are many reasons why online banking is best for any type of business. 1. Easy Access to Accounts Business owners can easily access their accounts online. They are able to check their balances and withdraw funds from their accounts through the Internet. Owners can also see if their checks have...
Essential Bankruptcy Facts
If you can no longer manage your debts then you may be considering bankruptcy – but it’s important to know all the facts before making such a decision. Becoming bankrupt can have a big impact on your finances in both the short term and long term, so here is a selection of important bankruptcy facts to know about the issue. The person who takes control of your assets when a bankruptcy order has been made is known as the Official Receiver. They will be responsible for handling all bank statements and details on insurance policies linked to your finances and...