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Category Archives: Finance

Tips to Get Personal Loan Calculator

Comparing interest rates

The personal loan calculator allows you to calculate the required rates in terms of the principal amount, EMIs and repayment tenures. All you need to do is input the amount you want to borrow into the loan calculator. Once the calculation is completed, you will get details on how you can repay the loan by the end of the term. Although most banking institutes offer a fixed interest range, you can adjust the interest rates on the calculator to see how it can affect your payment amounts. By taking this step, you can shop around for different banks and lenders, just to see what other interest rates are available and how it can affect your rates.

Budgeting your repayments

The personal loan calculator allows you to calculate the possible outcome of every scenario you will face in your financial future. You can use it to calculate the ideal rates for your loan, which ensuring you can afford it till the repayment tenure. Therefore, when you input your borrowing amount into this calculator, and find the rates too high for your budget, you can adjust the rate that will suit your financial needs. Though this way, you will know how much you can afford to borrow while repaying the borrowed funds.

Reduction in debt

A personal loan can be used for plenty of financial requirements, especially if you want to consolidate other debts. By using this calculator, you can effectively calculate how much funds you would require to pay off the debt. In this calculator, you will need to enter the amount and check the monthly repayment amount. If you are using this loan to pay of a debt such as a credit card fund, you may find that it’s much less than you’re paying now on higher-interest charging debts.

All about Smart Money Moves

Pay down high interest debt

The most important (in our opinion) of smart money moves is paying off high-interest debt. High-interest debt is easily one of the first forms of debt you should work to pay off quickly. Loans with lower interest rates like mortgages, student and auto loans are generally manageable with their month-to-month payments. Carrying around high-interest debt is difficult for many reasons, and it often feels like you’re not making any progress with the principal when you’re making the minimum monthly payments. It can feel like you’re only pay toward the interest and in many cases you’re paying very little to the principal on a high-interest loan and paying more toward interest.

Work to pay off high-interest debt quickly, so you can work toward our next step. Creating an emergency fund.

Create an emergency fund

Once you’re out of debt, it’s important to create an emergency fund to avoid getting back into debt if an emergency transpires. Medical emergencies, a job loss, your car breaks down, your roof leaks, emergencies come in all shapes and sizes. You want to be prepared.

There is a lot of chatter about how much you should have in an emergency fund. The average is anywhere from $1,000 as a small goal to six months of living expenses in the event of a job loss. You have to figure out where you land in terms of the amount you aim to save for your emergency fund.

Check your credit report

A staggering amount of people have material errors on their credit reports. According to the Federal Trade Commission 21% of people in the US have errors on their credit reports. By checking your credit often, (monthly or bi-monthly) you can gain valuable insight into not only the health of your credit, but any misleading, incorrect or inaccurate information on your credit report.

Personal Finance can Help Save Cash

If you are trying to save up money to go on a vacation, buy a house or retire early, you need to remain as disciplined as possible when it comes to breaking into that savings. Before you contribute to those funds, be sure to calculate exactly how much you will need to make it that month so you can better avoid early withdraw from that account.

Search for cheaper utilities to get better personal finance. If you have had the same gas company, cell phone plan, or other utility for a while then shop around for a better deal. Many companies will gladly offer you better prices just to have you become their customer. This will definitely put more money in your pocket.

One of the things that you need to take into consideration with the rising rates of gasoline is miles per gallon. When you are shopping for a car, look into the car’s MPG, which can make a huge difference over the life of your purchase in how much you spend on gas.

To avoid surprise deductions from your checking account, access your account online at least once a month. Scroll back through the previous month and make note of all the recurring automatic deductions from your account. Go ahead and deduct those in your check ledger now – even if it puts you in a negative balance. The money won’t be gone until the debit is posted, but you will know not to spend money on unnecessary items until you have built up enough of a balance to cover your recurring automatic debits.

Find the financial institution that meets your savings goals. Avoid paying monthly transaction and maintenance fees by finding local credit unions, banks or thrifts offering free checking accounts. If no completely free checking is offered in your neighborhood find an institution where you can make your account free by signing up for direct deposit or you using your debit card a few times a month.

You should never be afraid to invest in yourself, you never know when it will pay off. If you’re the innovative type and think you can really do well in business, then you should take the risk to invest in yourself. You shouldn’t put a strain on your entire financial situation, but you should still be willing to invest in you.

Information of Money Management

Once you know how much money you spend per year to run your home, you can subtract it from your earnings to arrive at your discretionary income. If you have quite a sum left you can either save it or if you have a mortgage you might like to pay it down prematurely. If you practice your money management you should have a clean credit. Instead of paying your mortgage on a monthly basis you could try out the option on a bi-weekly basis. This will definitely affect the interest that would get accrued over time and would let you own your home even sooner. How soon that could be will depend on the mortgage size and the interest rate that you might have committed to. But make sure that you have a budgeting strategy in place.

While budgeting, you might like to equalize your payments across the year but only on condition that it will not cost you anything extra. For eleven months you might decide to pay a fixed amount for your hydro consumption and in the twelfth month adjustments are made based on which you might have to pay more or pay less depending on how closely the current year’s consumption pattern followed that of the previous year. If you make use of these money management tips it can get a lot easier to manage your personal finance.

For effective money management, it is crucial that you adopt some kind of budgeting strategy. Set up your budget based on your actual expenses remembering to include everything. Equalizing your payments gives you a clearer picture of what is expected from you every time you get your salary.

If your money management has gone out of hand you will have to begin somewhere. Start by cutting down on your energy bills. Try to refinance your mortgage at a lower rate of interest; this can save you a lot of money. Or if you are paying rent, negotiate a better deal with your landlord when you find that the rates have gone down. Sacrifice your lavish lifestyle and keep to your budgeting plan.

Personal Finance Spreadsheet

Money is a need, and pretty much like the air that you breathe, you cannot live without it. Money is necessary to buy food and clothes, pay mortgages, pay taxes, and so on and so forth.

But, you don’t really need a lot to survive and be successful. You just have to be at the helm of your finances with the aid of some tools. If you’re making a mess of your budget, a personal finance spreadsheet can come in handy.

Such financing tools run parallel to the Microsoft Excel that you see on your computer, only that a finance spreadsheet is specifically tailored to meet the financial needs of an individual or a business.

If you’re not a computer savvy person and personalizing a spreadsheet is too much of a hassle for you, there are plenty of free personal finance spreadsheet templates available online. Searching for a good spreadsheet template, however, can be tricky because there are communities of sploggers who are really good at cornering the search results on the Internet. A splogger is a person who plagiarizes contents taken from another website.

If looking for a good spreadsheet template is too gargantuan of a task for you, you can get rid of all the hassles because websites such as Vertex42.com, mdmproofing.com, and PearBudget.com allow you to download the best personal finance spreadsheet templates available online.

Vertex42, mdmproofing, and PearBudget all have a huge collection of spreadsheet templates and other financing tools that can make life easier for everyone. You will find all sorts of templates, from one that can help you with household budgeting to one that can assist you with tracking your debts. They give the most effective solutions to personal finance troubles that even the most well-known finance calculators cannot truly solve.

Tips to apply For Personal Grants

Personal grants are not like loans that you are being lent by the government and have to pay it back with high interest rates. If you are eligible for the grant, you can apply and use the money to serve your purpose.

With personal grants, the government has helped a lot of people and organizations. Unemployed individuals are able to continue living normal lives or start their own businesses. They are able to support their families. People who cannot pay their rent or mortgage are now more stable and have enough funds to cover everything they need for their housing needs. Students who wants to pursue their education can be helped achieve their degree and land a better job.

Tips to apply for personal grants or free government money:
  1. First you need to be a citizen of United States when you apply. Illegal aliens are of course not allowed to take advantage or could not benefit from the grants being offered. Grants are awarded to eligible and chosen recipients. If you are fortunate enough to receive a grant you typically do not need to pay it back. Your credit history typically does not put you at a disadvantage either.
  2. Get an application form to fill out and submit it to the proper department of the government, or proper organization. Aside from going to the government office, there are also sites that offer personal grants applications but be sure you are checking with an official grant website.
  3. There will be documents required that will be asked to be attached along with the application form. Complete the requirements and fill up all required fields in the application before submitting. This is very important.
  4. Wait to be contacted and informed if you were approved for the grant you applied for. Be sure to provide reachable phone numbers and addresses in case they need to follow up with you.
  5. Be patient until your application is reviewed.

Lose Your Personal Finance Confusion

If you are looking to purchase a new car, go for one that is fuel efficient. Not only are they better for the environment, but fuel efficient cars will save you tons of money on gas. Just be aware that many cars that were not made in recent years are not fuel efficient.

Shopping around when making a big purchase is the best way to guarantee that you are getting the most for your money. It is always a good idea to look at several retailers and brands when considering a purchase. You may even want to wait on a big sale to make a purchase to save yourself sometimes hundreds of dollars!

If you find that all of your bills are due at roughly the same time of the month, contact your various providers and see what options are available for you to change your monthly due dates. This avoids spreading your paychecks too thin, during each pay period and allows you to manage your cash flow more efficiently.

Make sure to keep track of every single expense when you write a check or use a debit card. Keeping track of what’s in your bank account can help, as sometimes a payment can be taken out and it won’t be reflected in your bank account until much later. Keep track of your finances and avoid those pesky overdraft fees!

To cut spending on unnecessary utilities like TV and internet, call your provider and see if there is a lesser plan that you may be able to get. Chances are that you don’t need all of the channels you have or the internet speed that you have. You may be able to downgrade and save a ton of cash.

Make a list of your monthly expenses. Sit down and make a list of everything that you are spending your money on. See if you can cut some things out. For instance, do you really need that daily coffee at the coffeehouse? Finding where you can cut expenses, strengthens your overall financial picture.

If you and your spouse have a joint bank account and constantly argue about money, consider setting up separate bank accounts. By setting up separate bank accounts and assigning certain bills to each account, a lot of arguments can be avoided. Separate banks account also mean that you don’t have to justify any private, personal spending to your partner or spouse.

Choosing the right schools can affect your personal finance. One of the most cost effective ways to get a prestigious degree or certification is by attending cheaper schools for part of your education, and switch over to a more expensive or better-ranked school for the remainder. Your credits will merge from the previous school and you will still gain the graduation benefits from the new school.

Save your pennies–literally. Choose a container, such as a large jar and make it difficult to get into, so you don’t rob yourself. Drop all of your pocket change into the container, and when it’s full, treat yourself or your family to something fun. Depending on the size of your container, it could be a special day out–or an entire vacation!

Business With Personal Finance Content Providers

1) Good place for interaction

You can easily interact with the help of the websites. There are different websites, through which you can interact with the customers. The websites help in good promotion of the products and services. You can get to know about the company well through the website and will be able to interact with the people. There are different types of interaction facilities available on the websites.

You can get the scope to promote your business in a better way through the help of the websites. There are a number of contents available on the websites that describe the activities, features, whereabouts and other that are required to provide any sort of information to a person, who needs to know or want to get any kind of help from the company. Suppose if the company is a content writing company and provides good content on different types of materials that are required to be uploaded to the business sites and also mail to other people. The expert content writers write the vital contents on different matters and send them to the company or for the uploading purpose. Thus, the company will feel promoted through the e websites. The business content providers write the potential matters in a professional way that attracts the investors or the customers towards it.

2) User friendly

The website is very user friendly and is a good medium for promoting the products. The customers can easily operate the different portals as these are very much user friendly in nature. All one needs to do is to click and open the pages and all the required things are there before one. There are even free chat options for twenty four hours. This option is good to know about different things directly from the house of the company. You can easily know by asking all your queries. There are several things that you can know.

3) Fast processing

If you want to buy any furniture, then you can order it over online website and it will be delivered to your home. In this way the processes have become very fast. The personal finance content providers have helped to set great interacting mediums for several business firms.

Use Personal Loan to Pay For Medical Emergencies

Medical emergencies include injuries or conditions that are acute, pose an immediate risk to someone’s life and are in need of immediate medical assistance such as is the case with motor vehicle accidents, heart attacks, drowning’s, poisoning and other life threatening conditions. These type of emergencies can also include long term chronic illnesses which suddenly become life threatening. In some instances, severe pain can also indicate a medical emergency, such as the pain associated with appendicitis or kidney stones. Depending on the severity of the emergency, multiple levels of care may be required, from first aid to emergency care by specialist physicians and long term hospitalisation and rehabilitation such as physiotherapy and other supportive therapies.

Many people struggle to afford medical insurance or even hospital plans. When a patient suffers life threatening injury, needs to postpone a doctor’s visit, cancel medical treatment or even surgery because of challenging financial situations, it can create very serious and dangerous scenarios. Health can degenerate dramatically when medical intervention does not happen quickly enough. Chronic illnesses can become life threatening, and things will get from bad to worse, not only because of the actual medical condition itself, but also due the enormous costs for medical care.

Even if you have the best health insurance, your cover may not be sufficient to settle all the bills for medical emergency treatment and hospitalisation. And these costs can become astronomical. Often medical aid or health insurance companies require co-payments, usually a percentage of the total cost for a particular type of treatment, but those percentages can quickly become nightmarish when you are faced with a medical emergency. Fortunately, these situations do not have to be as grim as they seem, because costs such as hospital stays, surgeries, ambulance transportation and medication can all be covered by a personal loan.

When applying for a small term personal loan between R1 000 and R10 000, banks often respond immediately, get the process started and offer access to the funds quickly so that you can focus on your medical treatment without having to worry about paying those bills.

Of course, bigger loan amounts with longer repayment terms are also available should you need them. Usually these bigger personal loans can give you access to up to R180 000, and comfortable repayment terms of up to 84 months can be facilitated. The interest rates of these personal loans are usually based on your individual risk profile, as well as on affordability.

Take into consideration that the larger the personal loan, the lower your interest rates become. In some cases you can actually save money when you borrow slightly more.

Some Tricks to Avoid Personal Finance Crisis

It is in the news nowadays all over the place about the home mortgage crisis that is crippling the housing industry in America. Elsewhere in the world, there is similar news about the real estate slowdown. Many families are unable to keep up with the increasing cost of energy as oil prices have been skyrocketing. To add to it is the expense of college education for children, car payments and other revolving credit card payments and the net result is a massive level of stress in the financial health of the family and a potential personal finance crisis.

The age old adage of prevention is better than cure is applicable one more time here. The only way in which one can avoid a personal financial crisis is by proper pre-planning. Keep it simple; one does not need to complicate matters any more than they have to be. Start off with your take home income and budget a certain amount for rent or mortgage, a certain amount for energy, food, transportation, education and miscellaneous expenses. You need to categorize each of these into further sub divisions and really pin point the budgeted expenses. There needs to be a savings plan for a rainy day and sufficient life insurance coverage expenses also in the event that the main breadwinner of the family passes away.

Once these expenses have been written down, then additional analyses need to be performed. If the income meets or exceeds the expenses, then you are in good shape. If the income falls short of the expenses, then you have simply only two choices. One choice is to cut down the expenses. The other choice is to find additional sources of income. There is no magical way in which you can finance yourself out of debt by borrowing additional money by any means. You do not want to get caught in the perpetual debt machine. Debt comes at a price and I cannot believe that there are people that borrow more and more to pay for things they cannot afford in the first place. Proper personal finance planning is absolutely essential to avoid crises in the future and one needs to be honest in drafting and executing such plans.