We all want to pay our bills on time but sometimes due to some financial crunch it is not possible to make even the minimum payments and meet due dates. If a debt goes unpaid for an extended period of time, creditors may turn your account to a collection department or agency. It is true that debt collectors have the right to demand payment and take legal action if necessary, but often they would rather collect a portion of the debt than have to take more drastic actions. Before you start dealing with delinquent accounts and collection agencies, take a…
Author: Tina Roth
Making the decision to get a credit card can be a very big step. With so many things to keep in mind, choosing which one to get can seem like a daunting task. With things like interest rates, annual fees and other factors to consider, this is one decision that shouldn’t be taken lightly. Fortunately, we have a few suggestions on how to make this easier for you. Here are a few things you need to keep in mind before choosing a credit card. Annual Percentage Rate The Annual Percentage Rate or APR is essentially the interest rate you need…
Are you the person, who is finding it very hard to start paying off your accumulated debt? The journey you are going to face will never be an easy one, but the result you are going to get will definitely let you lead a healthy and stress free financial secure life in the future. You can find moree for digging out of debt and smarter money management at Debt is a thing, which will keep on hovering on your head until you have a good plan to deal with it. One of the best things you can do to have…
What are you doing as a small business owner to keep your company chugging along financially? For some individuals heading up small businesses, they rely on not only a savvy financial background to assist them, but also some commonsense. As an example, having a rotating door of employees can be a buzz-killer (especially financially) for many smaller companies. Unlike some of the bigger businesses where money may not be quite the issue, smaller ones are typically working with stricter budgets. Due to this, they can’t afford to keep hiring and training workers, only to see them head out less than…
Time is money! This adage is true every moment, as you spend time in whatever you do even if it does not involve money. However, when it involves money with an expectation of some returns, it is a valuable investment. It is obvious for anyone to invest thoughtfully, as it is the matter of making money or increasing savings. So, what should be the basis of this thoughtful investment? Well, it should be some ageless considerations along with the current market knowledge. This blend is likely to maximize returns on any investment, as it paves a way for some effective investment strategy.…
Budgeting is as important for single men and women as it is for couples. Nobody wants to worry about money, which makes financial freedom a universal objective. Here are a few budgeting tips specifically applicable to singles, which can act as a starting point towards your financial betterment. Single people can save significantly on transport costs If you live in a central location or a country where the public transport system is in good shape, you can easily get around the city without a car. If you’re single, chances are that the other 3-4 seats in your car are usually…
When you start your first business, you end up wearing multiple hats out of necessity. Lacking the financial resources to hire help, you are forced to embrace this reality, but after attaining a certain level of success, not only will you be able to bring people aboard, it will be necessary in order to scale it beyond a certain point. When you begin searching for employees, here’s what you should be looking for in three core areas. Sales While you will have to acquire your first accounts on your own, driving future growth will require someone else to be doing…
Starting a business is easy, but making a success of it is not. In the United States, small businesses make up more than 99% of all businesses. Failure rate is high among them, which necessitates the need to follow the tips below: Entrepreneurial self-image The biggest hurdle faced by budding entrepreneurs is battling with negative self-image. The entrepreneurial landscape is very competitive.The competition drains entrepreneurs out of self-esteem. Coping up with failure is often difficult for them. Though it’s unfair to generalize an entire demographic group, millennials, who make up the largest percentage of wannabe entrepreneurs, are often criticized for…
Life insurance is considered essential in every part of the world. Old age, sickness, and sudden mishaps are situations where one finds himself and his family members subject to a financially burdensome situation. A tailored life insurance product can help prevent financial hardship in these situations. Here are some life insurance tips that will help you choose a policy meeting your needs: Term or whole life The nature of the insurance is of foremost importance. Term life insurance and whole life insurance are two types of life insurance. The two types are unique and quite different from one another. It’s…
Maintaining a good financial health, managing your debt and paying it off on time is the best way to stay away from the death spiral of the debt trap. It is same as the theories taught to the car race drivers to reach their goal. The concept is interesting as there are few interesting similarities. During a car race, the drivers can reach the goal if they stay on the right path, maneuver the obstacles and curves in between and stay away from getting hit by the walls during the entire race. Speed is also an important factor to maintain…