Ways to trim down debts

trim down debts

Debts, the most common problem in every household can be reduced and managed effectively through many ways these days. First and foremost, the first fundamental step is to learn how to prepare and stick to a budget. When you follow your set up budget, you can have extra money to put towards your debts monthly.  Second step to go along with proper budgeting is to plan a wise spending.

Patience and determination to pay it off will eventually trim down your debts. Make a dent in your debt today through these suggested ways.

Cut back on unnecessary spending. Know what you need and don’t spend on items not listed on your financial plan.

You may ask your bank about debt consolidation loan. It is one of the best suggested ways which can save you money on interest fees and can let you pay off your loan sooner by consolidating your debts and repaying to all your creditors at once.

Selling a personal possession that you owned can be a good idea to get rid on some of your debts.

Implement austerity program in your household. Talk to your family members about tightening the belt for the meantime. Let them help you on lowering down the monthly utility bills by proper usage and conservation. Keep track of your household expenses by establishing a monthly budget.

Pay in cash when shopping for grocery items and other necessary stuffs. Use credit cards for emergency purposes only.

Consider the option of increasing your income, getting a part-time job for an extra cash can help pay off your debts more quickly.

Start paying off debts regularly, the sooner the better to keep additional interest from building up and at the same time by doing so it will boost your credit score.

 

Image by Clker-Free-Vector-Images from Pixabay

Lamudi Kicks Off Housing Fair 2019 at TriNoma

Housing Fair

Lamudi has once again hosted another successful housing fair. This year, the number one real estate platform kicked the series off at the TriNoma Activity Center. Like previous housing fairs, the Lamudi Housing Fair in Trinoma offered an extensive selection of property offerings from some of the country’s biggest industry players. The exhibitors were SMDC, Aspire by Filinvest, Futura by Filinvest, Prestige by Filinvest, The Hauslands, Amiya Raya, Taft Properties, Robinsons Communities, BPI Family Housing Loan, Grand Monaco, Ortigas & Company, Phinma Properties, Pag-IBIG Fund, Sandari Batulao, and Suntrust.

Online Real Estate Marketing Seminars

More than property selling, the housing fair also aimed to educate and help real estate professionals boost their businesses. As such, those who were in attendance were treated to free online real estate marketing trainings conducted by Lamudi Academy’s learning development coaches. Some of the topics discussed during the two-day event were Top Online Lead Generation Channels,  Conversion of Online Leads to Sales and The Power of Lamudi.

Property Discounts and Foreclosure Auction

Exclusive property discounts were also given away to aspiring property seekers. Similarly, Unionbank also hosted a property auction at affordable price points.

Homebuying Seminars

For first time homebuyers, the Lamudi Housing Fair at TriNoma also gave prospective property buyers the lowdown into how to approach this important but otherwise challenging undertaking. Representatives from Pag-IBIG Fund talked about the agency’s End-User Financing Program while the Land Registration Authority was also present in the event to guide property seekers in their land titling concerns and questions.

Several experts in various facets of real estate also imparted their knowledge to property seekers and sellers. For instance, a talk on Property Photography was discussed, as well as Interior Design Essentials, especially for small spaces.

“The Lamudi Housing Fair is the perfect venue for those actively and passively looking to invest in a property. Each one of our housing fairs has a goal to connect buyers to the right people so they can make the right decision. By bringing together property seekers and property sellers, we are helping them understand the steps involved in the decision-making process and learn from each other. ” Lamudi CEO Bhavna Suresh said of the Lamudi Housing Fair.

“We had hoped that TriNoma would set the tone positively for this year’s run and needless to say, we were not disappointed by the turnout. The following ones will offer the same benefits, if not more, to attendees as we really want our housing fairs to provide value and worth their time.”

The next Lamudi Housing Fair will be happening on July 20 to 21 at Glorietta, followed by SM Cebu in September, and lastly, SM Mall of Asia in December.

The Lamudi Housing Fair in TriNoma was sponsored by DMCI Homes, Aboitiz Land, Land Bank of the Philippines, Land Registration Authority, Food Panda, and Red Doors, also, in partnership with Philippine Daily Inquirer Property, Business Mirror, Business World, Malaya Business Insight, The Philippine Star and ThinkBIT as official registration partner.

For more information, please visit the official website.

 

Note: This is a Press Release

Choosing The Right Auto Loan Online

Purchasing a new or secondhand car can be now easy. Attaining an auto loan is not a hard job, as it is very easy now to select and negotiate with auto loan lending companies with just few clicks on the internet. There a lot of auto loan selection available online to select from. The rivalry to offer auto loans has now improved and quicker covenants for auto loan debtors. This means that if you ever apply for auto loan, it’s more likely to get your car home at the same day.

In selecting the accurate auto loan, you have to consider doing to research prior to it – you have to be ready to do your own investigation. Making this research is not a very hard task as you can easily do it with the use of the internet.

auto loan

Above all, you have to assess your personal credit status. You have to determine how much auto loan you can manage to pay for. This is significant prior to determining what car to purchase. Auto loans need regular outlays, therefore it have to be an amount that suits into your financial plan. A lot of auto loan websites got auto loan calculators that could give enough idea on how much auto loan you can get. When you are done calculating it, you could be prepared to submit an application for your auto loan.

Once more, internet can be a really great way to find the best auto loan firm. There are numerous auto loan websites where one could submit an application for an auto loan. Carrying out those methods is typically a waft – you just have a fill up some online form, click the Submit button, and then wait for email confirmation.

Normally the online creditors provide interest rates of 1% up to 2% lower than what provided by the auto merchants. That money kept could be utilized to accept the other charges related with purchasing your car. Auto loan forms online will require your basic banking information, your job position, and housing proof. Online submissions are sort out directly by lenders in the system close to your location. Approvals typically take at least one hour.

You have a great possibility to be approved if you are sure that you have a great credit status and a co-borrower. The biggest advantages of getting an auto loan is you still have a chance to be approved even you don’t have a perfect credit record. Nevertheless, several lenders might charge you larger interest rates and a higher first installment due to your bad credit record. If you have bad credit reputation, some lenders may also have to limit your car model options. When the loan is already approved, you will acquire loan proposals from the moneylenders and you could select the loan that you would like to get.

Personal finances 101: invest in football memorabilia and make some cash

 football memorabilia

Collecting football memorabilia is a satisfying hobby for many — however, not everyone knows how to turn this into a money-making activity. With the help our guide below from UK specialist in display panels: Where The Trade Buys, learn about which editions to look out for, to grow your collection. You may even have some valuable programmes laying around in your loft space… let’s find out?

The history of football match programmes began in 1888

In 1888, the first football programmes were published alongside the launch of the Football League. Unlike today, the aim of a programme was to keep score and it was made up of a single sheet detailing the teams and match date.

Over time football programmes increased in size, growing from pocket-size to A4, with some clubs preferring the smaller option and others opting for the larger format. From a single sheet of basic info, the availability of saddle-stitch book printing and a growth in popularity turned football programmes into thick, glossy books crammed with trivia, statistics and high-resolution photos that fans loved to buy before every match.

One of the first programmes to be published was the ‘Villa News and Record’ for Aston Villa. Soon after, the football programme took on a weightier format of between four and eight pages, while the covers became more attention-grabbing and attractive. During and after World War II, a paper shortage cut the number of programmes that clubs could produce — making any that were released very collectible today.

Today’s football programme stays true to its roots by giving spectators key details of players on each team. Although today, the programme can also act as a mouthpiece for the club in question, allowing managers and players to speak to fans via interviews and club statements.

How much are collectors prepared to spend?

There are many examples of rare football programmes being sold to collectors for a lot of cash. In 2012, a family from Ipswich managed to make around £46,000 by auctioning off a set of football programmes they stumbled across in their house, which goes to show how easy it is to not realise the treasure you have sitting around your home.

Fairly recently, Sotheby’s New Bond Street auctioned off the oldest-known programme from a FA Cup final — Old Etonians vs Blackburn Rovers in 1882 — for £30,000, while a single-sheet programme from the 1909 FA Cup final between Manchester United and Bristol City went for £23,500 in 2012.

To give you a helping hand, here’s a guide on which editions should you watch out for as a collector.

Collectible football programmes: some examples

For fans, football programmes clearly play a large part of the match day experience — but how collectible are they and which should you search for if you want to bag a truly special edition?

The first Wembley final programme from 1923 is a great example of an important collectible item. It details the match between Bolton and West Ham United and is worth around £1,000. Alternatively, there’s the programme from the one and only time a non-English club lifted the FA Cup — Cardiff City vs Arsenal in 1927 — which ended with a score of 1-0 and has a value of about £2,500!

The 1966 England vs West Germany programme is potentially one of the most highly prized programmes in sport. But be warned; there were three reprints of the original, so tracking down a bona fide version is tough. If you want to be sure you’re buying an original, check the weight and colouring — the reprints are more lightweight, while the front cover of the original is a deep, royal blue. Different paper types are also used for the team pages in the original, but not in the reprinted versions.

Another one that programme collectors look out for is the edition from the game that was cancelled following the 1958 Munich air disaster (Manchester United vs Wolverhampton Wanderers), which can go at auction for around £10,000, or the programme for the first match following the tragedy — the 19th of February 1958’s game between Manchester United and Sheffield Wednesday. In this programme, the club showed respect to those involved in the disaster by leaving the team page blank.

A quick guide for new collectors

Keep the following three key features in mind to make sure you’re getting a good deal:

  • Programme age — anything over 50 years old is most collectible.
  • Availability — if there are many available, this will bring the value down.
  • Demand — programmes with an iconic footballer on the cover or detailing a famous match are the most prized and valuable.
  • Wear and tear — creases, missing staples and water damage all harm the programme’s price, so ask for a photo before you pay.

Any programme from an FA Cup final match holds value, as does any booklet that was perhaps the first or final edition of a player’s/manager’s career (i.e. the last game David Beckham played for Manchester United).

Another thing to highlight is that certain teams typically hold greater monetary value than others when it comes to programme collecting — although, programmes from your team’s past will be more personally valuable to you. Sides such as Manchester United, Chelsea, Liverpool, Spurs, West Ham, and Arsenal are all highly sought after and are worth keeping an eye out for if you want a particularly valuable item. The Football Programme Centre is also a good source of advice if you’re keen on becoming a serious collector.

Many fans all over the UK enjoy collecting football programmes — particularly when you track down a rare edition or grab a great bargain. So, why not keep yourself football-focused until the new season kicks off by learning more about the hobby?

 

Photo by rawpixel.com from Pexels

Sources:

https://www.bbc.co.uk/news/uk-england-suffolk-18399222

https://www.antiquestradegazette.com/news/2013/auction-record-for-any-football-programme/

https://www.justcollecting.com/miscellania/top-5-most-fascinating-football-programmes

http://www.footballprogrammecentre.co.uk/football-programme-guide.php

Changes which have been made to various savings initiatives

Building societies are now a common sight on the high street, while we always hear about shifts in the stock market on the news. So many of us have personal savings accounts and pension pots set up now too. But have you ever thought about where these came from, or how each savings initiative has changed over the years? In the following infographic, personal pension specialist True Potential Investor has taken a step through time with this question in mind.

Did you know that the first known building society formed for groups of individuals who were looking to help each other to buy property? Or that the Bank of England was founded towards the end of the 17th century to fund the war effort against France? How about that the Amsterdam Stock Exchange was believed to be the world’s first stock market?

Discover even more fascinating facts by browsing through the full infographic below…

 

savings initiatives

Payday Loans in the US – Differences from one State to Another

Payday loans in the US are fairly simple and require no more than an ID card, your bank account information, and proof that you have some sort of income. In less than 24 hours you can get the amount of money that you’ve asked for.

Certain lenders have different processes and different prices. However, what happens if you are not satisfied with the amount of money you can borrow in your state? What if you wish to get money from a different state?

Payday Loan Place Window Graphics

All US states have different processes in which you can borrow money and not only. The sum of money that you can borrow is different as well – and it does not matter if they are payday loans, installment loans or mortgages.

With the things above being said, let’s take a look at some terms that you should understand before you get a payday loan in another state.

APR

APR stands for “annual percentage rate,” and it consists of a percentage that, hypothetically, you will need to pay in one year. For example, if you borrow $700 and the APR is 300%, in one year you will need to pay $2100 back. It’s just a simple calculation. The APR is the way that the lender makes money off borrowers.

The APR is different from one state to another, but generally speaking, the APR works on the basis “the smaller the amount of money borrowed, the smaller the APR is.”

Most states work on an APR of 450%, but the percentage can vary. If you are thinking of borrowing money from a lender form another state, be sure to check the APR first.

Term

One thing that you should worry about is the term. This refers to the amount of time in which you should return the money back to the lender. The term can be from 10 to 30 days, depending on the lender and the state in which the lender resides.

The trick here is to choose a lender with a very big term in which you can return the money. Some borrowers have difficulties when trying to return money back in such a short amount of time.

Rollover

If you really experience troubles with returning the money, you are allowed to do a rollover. The rollover consists in extending the time period in which you can return the money, although this involves some additional fees as well. There is a limited time of rollovers in each state.

Also, be aware that some states don’t have a rollover. In this case, you will need to return the money in the exact amount of time you have established with your lender.

Legal actions

If you fail to pay the money even after a rollover and the term has expired, you can find yourself in a difficult spot. Calls upon calls from the lender asking you for the money can occur – and in a worst-case scenario, a debt collector could show up at your front door with police included.

To conclude the above information, getting a payday loan is tricky. However, if you have the nerves and courage, you can borrow money from a lender which resides in another state.

Image credits to: Taber Andrew Bain  on Flickr

Different Ways Social Trading Can Help You Trade Like A Pro

social trading

The financial markets are attracting more investors for all the right reasons. There are plenty of opportunities to make money in the financial markets and getting into the market is easier than ever. There are also more resources that help you learn about the instruments you want to engage, which means mastering the market is also easier to do.

One of the most intuitive ways to learn about the market while banking profits at the same time is social trading. Rather than trying to understand the market on your own, you now have the ability to learn from top traders and meet fellow investors through platforms like Ayondo. What are the benefits of social trading? Read on to find out.

Earn While You Learn

The biggest advantage offered by social trading is the ability to learn while earning profits at the same time. Instead of spending time getting to know the market by browsing through tutorials and watching videos, you can use a more hands-on approach and learn while observing real trades.

On top of that, you can choose to participate in the trades being made. From the platform, you can set up a live account and directly copy the trades of top traders in real-time. This means you make money whenever they make money.

The approach certainly allows you to earn while you learn. You get more insights on how the market works, a lot of chances to test your own strategies while learning the strategies of professional traders, and still bank profits along the way.

Collaborate and Share

Social trading platforms also allow you to connect with fellow investors. Rather than trying to figure out the market on your own, you now have one more tool in your trading arsenal: collaboration. Using live chats and the social features of the platform, you can exchange ideas and get insights from other traders.

In return, you can share your own insights and contribute to the community. This is a great way to accelerate your learning process and expand your network. It won’t be long before you start making real friends in the trading community and building stronger relationships with other investors with similar interests.

Eliminate Personal Bias

The last, and perhaps the biggest, benefit of social trading is getting other perspectives. When you have other investors sharing ideas and insights, you no longer have to worry about getting caught in a series of bad trades due to personal bias.

Even better, you can choose the best social trading platform to use in no time with the help of this InvestinGoal guide on social trading. The reviews and other resources available on the site are just as valuable if you want to find the right community of traders to join.

Social trading is the next big thing in the financial markets. It helps more traders enter the market of their choice without the usual hassle. If you want to enjoy these advantages, find a good social trading platform that suits you and set up your account right away.

Platinum Rapid Funding Shares: Funding Options For Small Businesses

 

Merchant Cash Advance

Platinum Rapid Funding Group is a merchant cash advance company, helping small businesses obtain working capital. For over six years, they have had an impact in helping entrepreneurs reach their goals through providing funding options. Merchant cash advances are still relatively new and many individuals are unaware of how they work and how they can help. To explain it better, they have answered a few of the most common questions they get to business owners understand what is available to them and their options.

Is a Merchant Cash Advance Right for a Small Business?

If a business is struggling to obtain funds through traditional funding sources, a merchant cash advance is a great option. Money can be obtained quickly and getting approved is typically easy.

The money can be used for a variety of things to benefit a business. Common uses include paying vendors, upgrading equipment, and even hiring new employees or independent contractors. The saying is, people need money to make money. A merchant cash advance can be the right push needed.

Repayment is based upon future credit or debit card sales. This is good for smaller businesses who might not have an idea on what their daily revenue will be.

What is the Difference Between ACH Funding and Credit Card Splits?

Automated Clearing House (ACH) funding and credit card splits are the two preferred methods for repayment of the merchant cash advance.  An ACH is a daily bank withdrawal on the account based on the weekly or daily payment. A credit card split is the percentage of daily card processing payments.

With ACH funding, a business owner can stay with their preferred processing company instead of switching to match Platinum Rapid Funding. The merchant will give Platinum Rapid Funding access to their online bank account to ensure that repayments can be made. Each month, the percentage is debited from the account.

What Are a Few Examples of Small Businesses That Platinum Rapid Funding Can Help?

Platinum Rapid Funding has helped business of all different industries obtain funding. There are a growing number of business owners who simply need a reliable option to turn to when kick-starting a new product, idea, or overall growth. Most of the businesses that come to us for funding have been around for five years or less. There is always a soft spot for these young, excited business owners who are trying to really do something about their business and take it to new heights.

How Can a Person Get More Funding Insights from Platinum Rapid Funding?

Platinum Rapid Funding has a team prepared to answer any questions you may have when considering a merchant cash advance. A representative is available during business hours from 9 am to 6 pm EST to answer any questions. Readers can find more information and apply at www.platinumrapidfunding.com or follow them on social media. While you’re there, check out our newest feature, our  blog that discusses all topics beneficial to business owners.

 

Photo source: pixabay.com

Planning your steps to financial freedom

financial freedom

Financial freedom for many may seem far away, for some even impossible. There are an abundance of things you can do to ensure this becomes a reality. Planning is required, and hard work is needed but creating financial freedom is possible through just a couple of simple steps to you should follow.

1. Have a percentage in mind to save

Saving is one of the most importance factors when it comes to establishing financial freedom and one of the best ways to do this is to decide what percentage of your income will go into savings each month. For example, this could be 10% of earnings, but for some with more comfortable salaries this could be increased to 50%. If you chose to set this up through a direct transfer, the funds will automatically go into a savings account and quite often these numbers add up quickly, which may leave you surprised when you check your available funds. The percentage you chose to save can be adjusted accordingly to your current financial position. It is unlikely that around Christmas you will save extra, but ensuring you have a certain sum automatically saved each month is one of the best and most productive ways to maximise your household income.

2. Invest in Property

There are many lucrative ways that can make your money stretch further. Property is the only asset that produces two different returns on investment, capital appreciation and rental yields which helps to secure financial freedom over the likes of stocks and shares. Capital appreciation refers to the amount a property will appreciate by in the future. In 1998, an average London home was worth £115,000, however two decades later in 2018 the average property price exceeds half a million at £671,412. Besides this monetary growth, rental returns can be gained alongside and property investment specialists like RW Invest offer properties in which you can secure solid returns and potential for capital growth in years to come, meaning that eventually the property will end up paying for itself. Click here to view their full portfolio: https://www.rw-invest.com/. Buy to let property is emerging as one of the most popular ways to grow your income, as well as being a stable way to entrust your money.

3. Aim to diversity your income

Diversifying your income is one of the best ways to create wealth as it provides an extra level of security. Having more than one income stream allows a safety net to ensure you always have an income from one or more other avenues. Many people have avoided serious financial difficulties because of diversifying their income, this may include obtaining a second job. If you are unsure how to add extra income then consider selling unwanted items, involving yourself in part time work or venture into freelance work or an independent business.

4. Ensure all debts are paid

This can sometimes be easier said than done, but one of the most essential things to remember is as soon as you pay off your debt the quicker you will receive financial freedom. To avoid this altogether avoid spending money you don’t have in the first instance. If you are in substantial amounts of debt, calculate how much you owe and set yourself a strict time frame, and be wary not to incur any additional bank charges in the meantime.

What Brexit Means for UK Small Business Owners

Brexit

It feels as if the process of the United Kingdom leaving the European Union has been going on forever.  Not only have the negotiations become interminable but the drama within the Houses of Parliament is something straight out of the Game of Thrones.

Whilst the political intrigue helps to sell newspapers it does little to help small business owners from the Midlands to the Highlands – many of whom are trying to determine how the UK’s divorce from the EU will impact everything from hiring to purchasing.

As such the question on the minds of many business owners is what sort of impact will Brexit have? Granted, the situation remains fluid with pundits proclaiming everything from a deal is almost in place to collapse of the British economy. With that in mind, here is some insight as to what Brexit means for UK economy – specifically small business owners.

Import Taxes are Likely to Change

It doesn’t matter if you are importing cheese from France or used auto parts from junk yards in Houston, Texas, the spectre of Brexit is likely to lead to an uptick in import taxes – even if it is only in the short-term.

The reason is that the UK has operated under the trade rules of the EU for roughly 40-years and during that time Her Majesty’s government has become overly reliant on the rules created in Brussels and not Westminster.

Whilst some of this is to be expected – after all, the EU is an economic community first and foremost – Brexiters saw this encroachment as an erosion of the nation’s sovereignty. However, what many leave supporters failed to recognize is that there is likely to be a period where the Customs and Revenue departments will either lack clear guidance on what rules to follow or will default to laws which pre-date the UK’s entry to the EU.

In either case, this is bound to create a vacuum whereby the taxation of imports is likely to go up. Even if this is in the short-term, it will particularly impact small business owners as they have fewer resources to cushion the blow from rising costs.

Granted some of this increase in duty tax and VAT will be passed on to the customer, but this also risks driving said customers into the arms of larger businesses – many of who are in a better position to renegotiate prices in the face of higher taxes.

Small Business Financing

A potential unintended consequence of Brexit will be its impact on funding for small businesses. This is because programmes such as the European Investment Fund (EIF) to where able to deploy billions of pounds in investment for small businesses in EU member countries, such as the UK.

However, time is running out for UK business owners to take advantage of this programme and to date, the Government has given little guidance on its plan to offer a replacement.  

According to the Economist, the EIF had invested nearly £2 billion in the UK since its inception but the void left by the absence of this funding could not only impact today’s small businesses but also would-be entrepreneurs and the long-term impact could be a significant loss in tax revenue from these new and growing businesses.

Yet, the outlook is not all doom and gloom as programmes such as SEIS (Seed Enterprise Investment Scheme) and EIS (Enterprise Investment Scheme) will continue to provide tax relief for investors of early-stage companies and whilst this won’t bridge the gap it will help to ease the blow.

Changing Tax Landscape

It doesn’t matter if you are the CEO of BT or running an independent pharmacy outside Cardiff, you should expect changes to the corporate tax code. Whilst most economists believe the changes might be beneficial to businesses in the short-term. For example, a reduction in the corporate tax rate would help most small business owners.

However, it remains unclear how such a reduction in revenues would impact government services and this could impact the customer base of many small businesses.  This uncertainty could lead to a reduction in consumer spending and this could have a dramatic impact on the cash position of many small businesses.

Psychological Warfare

The British are known for their ability to carry on through adversity, it remains unclear how successive generations which have grown used to the relative ease of travel and trade afforded by EU membership will cope with life after Brexit.

As such, many are asking whether the British are ready for Brexit? Whilst this is largely a matter of psychology, the fear would be that the potential negative impacts of Brexit would impact consumer confidence.  However, we won’t really know if this is the case until next year as such small business owners across the country are wise to keep calm and carry on.

Image credit: publicdomainpictures.net