Finance Archives - Page 19 of 21

Great Suggestions For Making Some Side Cash

March 10, 2017 by admin

Have you been wanting to save up for that special event or special gadget you’ve had your eye on? Wanting to go off on an extra holiday this year but it’s not in the usual budget? Wanting to just be able to splash out a bit at the weekend on some new shoes but can’t justify the cost? Why not put your spare time to work and start making money by doing not much at all! Check out some of the great tips below to start making some extra money on the side!

Recycling Stuff

Think about that stuff around your house that is just collecting dust or is getting in the way. Is there anything there that could be a potential moneymaker? Things like old DVD’s and CD’s, books, games, even clothes and other bits and bobs that no longer have a use. Go through your old film collections and see if there is a potential goldmine in there. In particular old era Disney VHS go for a fair amount of money online these days – with some of them going for potentially hundreds if they’re unwrapped and still in mint condition. Mobile phones are another great option for recycling, with the higher prices going for more recent makes and models – but if you’re that person who has kept every phone since 1990 when you’ve upgraded, you could be sitting on a fair bit of money.

Rent out Parking

Are you living in an area where people would give their eye teeth for a parking spot they didn’t have to battle for or get up at the crack of dawn for? Are you frequently away or perhaps you work during the day and don’t need your spot between business hours when someone else could utilise it. This is a potential high earner depending where you live. Some places in extremely desirable places go for thousands a month. There’s even been reports of a parking spot in central St Ives, Cornwall going for £50,000 a year!

Tutoring

This is a great one for anyone who has any kind of specialist knowledge in a subject or for people who even just speak English as a first language. Many people don’t mind if their English teacher doesn’t possess a degree as long as they’re a native speaker. This can work for anyone that doesn’t mind conversational teaching – as in, just chatting with people by Skype who are happy to pick up the odd conversational lesson. You could even start your own group chat and get a couple of students to do group calls with people from around the world to practice together, all for a bit of side money!

Playing Casino Games Online

With so many different online casinos out there these days, it can be a bit daunting to find the perfect one for you. Choosing the casino with the best bonus program can be tricky, but it doesn’t have to be. Of course you want the best casino with the highest payouts and the best potential of winning, and no deposit casinos offer some great welcome bonuses allowing you to play right now without having to sacrifice or bet any of your own money at all!

So there you have a couple of great ways to make some quick side money without having to spend tons of time picking up a second job. Get started today and get those savings plump up so you can start enjoying your cash now!

What Is Home Equity and Why Should You Release it

February 25, 2017 by admin

You won’t be the first person to find yourself in a situation where luck just doesn’t seem to be on your side. We all face financial difficulties at some point or another, desperately needing money that simply isn’t available. If you are in that situation now, you may want to consider some of the home equity loans Florida has to offer. Your home is an important asset, and refinancing it could be a way to get you out of a difficult time. The home equity loan gives you that opportunity, providing you with quick access to money when you need it the most.

Understanding Home Equity Loans

A home equity loan is a line of credit that is placed against your home’s value. There is generally a cap on this, however, which is calculated by estimated the value of your property. Essentially, you can usually borrow no more than 75% to 85% of the total value of your home, provided you have good credit. From this value, the outstanding balance of your first mortgage has to be deducted first, however.

Home equity loans are delivered in different ways, although many give you a special credit card of check book that allows you to withdraw only the money that you actually require. Different lenders have different terms and conditions, however, and these set how long your loan will be running for, how long you will be able to withdraw money out of your equity, what the interest rates are, how much you can withdraw (minimum and maximum) each time you want to use it, and how you will repay your loan.

There are many different constructions within home equity loans. One, for instance, is when credit payments are made based solely on the interest that has to be paid on the loan. This means that, at the end of the loan, all that is left to pay is the balance. In other constructions, you will have a payment that is larger than usual, which is known as a balloon payment, which you will pay at the end of your loan agreement. Of particular interest is that you can generally deduct the interest you pay on your home equity loan from your taxes. This means that, if you manage your finances properly, your final payment could actually be very affordable. However, this is also why it is important that you seek out the services of a qualified financial advisor.

The alternative would be to take out a second mortgage. The benefit of this is that you will receive a lump sum of borrowed money. Usually, you will also be able to fix the interest rate, but this does tend to be higher than that on home equity loans. However, you have the security of knowing exactly what your payments will be each month. Again, this is why it is important to seek out solid financial advice before you decide which option will be best for your situation.

retired homeowner, you can use the equity in your home to your advantage by taking out a special type of home loan. That loan is called a reverse mortgage, and it is referred to as such because, unless you specifically choose a lump sum or some other loan payment option, you will receive payments from your lender each month to help you fund your retirement instead of the other way around. Other reverse mortgage pros and cons will depend on your situation. For example, you will still have to pay taxes when you efile for free on maintenance costs on your home when you apply for such a loan. However, you will not have to worry about defaulting because the loan balance will only be due in full upon your death or when you move away from the property. Also, your lender cannot seize any of your assets to recover the loan costs when the loan is due. Only money from the sale of the home can be taken by the lender.

Master the Cash Class: Great Money Lessons Your Kids Will Never Forget

February 14, 2017 by admin

Source

Many of the lessons you learn in your formative years will often stay with you for the rest of your life, which is why it is so important to teach your kids about money so that they can become financially savvy adults.

Here are some insights and tips on the basics of financial management that you should be trying to instill within your child’s psyche from an early age. There is a look at the importance of teaching them financial lessons, ways to encourage a savings habit, and why what you do with money will shape their future habits.

No one wants to be financially illiterate

We are taught how to read and write at school as well as basic math skills but one thing that seems to be sadly lacking in the educational curriculum is some lessons on how to handle money when you are an adult.

The only way your children are going to find out about how bank accounts work, how to use credit cards and how to build a good credit profile, is if they find out for themselves or you take the trouble to teach them.

Teaching them early is the preferable option as it means that they have a better chance of avoiding some financial mistakes along the way as part of their learning curve.

There is a good chance that you have made some financial mistakes in your life that you learned from, so it makes a lot of sense to impart this wisdom to the next generation and give your kids the chance of a head start, by understanding what they are doing with their money from the get-go.

Get them into the savings habit

Starting kids off early with a piggy bank is a great way of teaching them the discipline of saving for something they want and understanding that you can’t always have everything straight away.

Most children feel really pleased with themselves when they see all those dollars they put away from gifts and doing chores, turn into a sizeable sum of money that is enough to buy what they have been saving up for.

Encourage your children from an early age to develop a savings habit and it there is a good chance that it will stick with them when they are adults.

Lead by example

Your children will learn a lot of their life skills from you and it is down to you to try and set a good example.

If your finances are a bit chaotic and you don’t often have any second thoughts about using your credit card to pay for meals out or the groceries, there is an increased risk that your children will copy this attitude and could result in them overspending and running into trouble.

If you have a stack of credit cards in your wallet, one solution could be to transfer all of your balances to one card to gain better control. Another good idea would be to try and show some restraint with your spending on these cards and talk to your kids about how interest rate charges work when you borrow money in this way and don’t pay it all back on the due date.

Money doesn’t grow on trees

How many times did you hear your parents say that to you?

The fundamental point to get across to your children is that money has to be earned and doesn’t just get given to them. If they grasp that concept and develop a healthy respect for money because they have had to earn it by doing some chores around the house, this can only be a good lesson for when they have to fend for themselves as an adult.

Sam Bentley has 3 kids; 2 sons and 1 daughter and he is intent on raising them to be honest, well-rounded individuals who can stand on their own 2 feet in life.

Online Investment for Beginners

February 1, 2017 by admin

Investing may appear like a daunting endeavour for someone who has never tried it before, but the decision to get started is the first step. Online platforms have simplified a lot of aspects of investing such that you can do it without the help of a financial advisor. Undoubtedly, it will be confusing trying to decide what kind of investment suits your goals and which ones to stay away from. Also, you must decide how much time you can dedicate to your online investments. Even though the internet offers the convenience of trading from anywhere at any time, you still need to monitor your investments carefully. A few other tips will keep you on the right track.

Plan

For any investment to work out, it must be guided by solid objectives. Don’t just start putting money in different assets, hoping that something will work out. For one, know your tolerance for risks before getting into online investing. How much are you willing to lose? Establishing goals gives you a blueprint for your other decisions. For example, you may be looking to get some extra cash for your child’s college fund. Or maybe you want to make the most of your retirement savings. With the knowledge of what your investments are supposed to achieve, it will be less challenging to pick the most suitable ones. When setting goals, be realistic and know where your limitations lie.

Make Use of Resources

The beauty of investing online is that there is so much education out there that you can capitalise on. Websites like Google, Yahoo and MSN, have comprehensive finance sections that will provide you with helpful information on just about everything. When you want to know how different markets are performing, you can find news articles online. Get an understanding of the basic concepts of trading online, so you know where to start. For example, learn about the different types of trades available from spread betting to stocks to CFDs. Some investments will require more effort than others, so be ready to put in some work.

Find an Online Broker

Investing online means working with a broker such as CMC Markets. However, before putting your money on any platform, be sure you are working with a legitimate business. Cases of fraudulent brokers have increased steadily with the use of online trading robots. To avoid falling into a scam, ensure that the online broker you pick has a license from an authoritative financial regulation body. For example, if you are using a broker based in Europe, check for FCA or CYSEC licensing. Research an online broker thoroughly and get unbiased opinions before you start using its services. Also, find out if there are complaints against the broker you intend to use.

Practice with Fake Money

For a complete novice in investing, don’t begin using online platforms with real money. Be confident that you know how a particular tool operates first before using your hard earned money. You can find investment simulators online, which will help you practice a few strategies first. Some trading applications also have demo accounts, which are useful for training purposes. A dry run will help you gauge the functionality of a trading tool, its withdrawal and deposit methods, among other features.

Diversify

It’s a mistake to put all your money in one investment, especially if you are starting out. Even when an asset seems like a sure thing, you cannot be unequivocally certain there is no risk. With money in different instruments, you divide the risks such that when one fails, you still have another one. However, don’t have too many fingers in too many investment jars that it becomes impossible to keep up. For a beginner, two assets are a good place to start after which, you can expand your horizons with experience.

Protect Your Information

One threat that comes with using online platforms is compromised security. Computer systems face several risks such as hacking, ransomware and malicious attacks. When investing, a lot of data is transacted, and that information can be damaging if stolen or lost. Before you start depositing money into a brokerage account, ensure that your system has all the necessary protections to keep all thOnline Investment for Beginnerse details safe. Invest in robust firewalls, antivirus and data redundancy measures. Check your computer regularly to guarantee that safety protocols are always activated and up to date.

Getting Your Car Ready To Sell

January 27, 2017 by admin

When it comes to selling your car, there are things that you will need to do to prepare it for sale, making sure that you can get the maximum amount of cash for your vehicle. Check various car websites and blogs for some excellent tips on how to get your car ready to sell. The first place that you will need to start is to get your car in full-working order.

Getting It Running

If your car is not already running, it is advisable to repair it before you start the selling process. If your car is running, then it is still advised to give it some basic maintenance first. You will want to check the brakes and all of the lights, and the oil and air filter should also be changed, as well as the spark plugs. It may not be worth your time or money in changing the wheels or tires of the vehicle, but you will want to make sure that the tires are road legal.

Sort Out All Of The Paperwork

You will also want to make sure that you have all of the paperwork in order for your vehicle, as without this you may find it tricky to sell, or you may only be able to get a reduced amount for the sale. Make sure that you have the log book and if possible a full-service history is preferable. Make sure the registration information is up to date also, and when you do sell it you will want to make sure that you transfer the ownership accordingly.

Give It A Clean

The last step before selling your car will be to get it looking nice and clean, and in a satisfactory condition. You can have this professionally done and have the engine cleaned at the same time, or you can do this yourself. Make sure that the car is squeaky clean and use cleaning products on the inside of the car to get it smelling nice and fresh again. Now that you have everything in order, you can start to contact companies such as https://www.sellmycar.com.au/ and see what they will offer you for your car. All you need to do is give them the make, model, year and engine size, and arrange for someone to come and inspect your vehicle. If you accept the price and have everything in order, you can have cash in your account very quickly!

Selling It Quickly

If you do use a company that buys cars online, then there will be some additional paperwork that you will need to supply. As well as all of the vehicles paperwork including registration, you will need to bring two forms of identification, a passport and current driving license will suffice, and also your bank details. With all of the paperwork being in order, they can purchase your car from you with immediate effect and transfer the money to your bank account within 24 hours.

If you need to sell your car quickly, this is the service for you!