Paying Your Federal Taxes

Paying Your Federal Taxes

Paying Your Federal Taxes

Paying Your Federal Taxes – For employees, taxes are usually withheld by your employer on a monthly basis. You may however, need to pay any balance due after preparing your tax returns. People in self-employment will need to calculate quarterly installment taxes as the year goes by and finally settle any outstanding taxes for a given year by the 15th of April the following year. There are various options available to enable you to make these tax payments to the IRS. Below are six of these options:

1. Payment by Check or Money Order

One of the ways that you can settle your outstanding tax bill is by writing out a check to the IRS and having it posted to the IRS office. You can attach the check to your tax returns. Ensure that the amount on the check is the same as that of the outstanding taxes as indicated in the return to enable easier verification. You can also send a check or money order at any other time within the year to settle outstanding taxes. Slot Game Online.

You will need to indicate your name – or names for those who file jointly. Your Social Security number (for joint-filers, indicate both the numbers included in your tax returns), physical address, telephone number, and the tax year that the check is settling taxes for. You can get the address of where to send the check from the IRS website. You can also drop the check at the nearest IRS office in person. Slot Game Online.

2. Electronic Funds Transfer

Another option available to settle your due taxes is by an electronic funds transfer. The IRS provides a system to facilitate this process, referred to as the Electronic Federal Tax Payment System (EFTPS). You can pay taxes or schedule payments through this system. You can access the system from the website at or by calling the toll free IRS number at 800-555-4477. Slot Game Online.

3. Installment Payment Options for Taxes below $25,000.00

If you owe taxes of less than $25,000.00, you can set up an installment payment plan through the IRS website. The service will enable you to pay off the due taxes in monthly installments as opposed to making a lump-sum payment. You can also set up the installment payment plan by filing IRS Form 9465, “Installment Agreement Request Form”. The IRS will get back to you in response to the filed form and will give you the details of the installment payment plan. Slot Game Online.

4. Installment Payment Options for Taxes above $25,000.00

If the taxes owed are more than $25,000.00, you will need to file Form 433F, “Collection Information Statement” to be considered for a installment payment plan. The form requires you to provide details of your financial assets and other finance related information. You will also need to attach various support documentations for your finances. The IRS then reviews your specific financial situation and determines the amount of installments to be paid on a monthly basis. Slot Game Online.

5. Credit Card Payments

Another option available to settle your tax bill is by using your credit card. The IRS has outsourced the credit card payment service to three private companies and you can choose to pay from these various vendors. These three companies are Link2Gov, RBS WorldPay Inc., and Official Payments Corporation. You can make payments either by calling their telephone number or through their website. Note that these companies charge you for this service. Slot Game Online.

6. Short-Term Delayed Payment

If you do not have money by the time the taxes are due, you can call the IRS’s toll free number and request for some extra time to raise the funds. Usually, the IRS agents may give you up to 120 days to settle the taxes with no interest or penalties. You will however, need a good, justifiable reason or explanation to qualify for this grace-period extension. Slot Game Online.

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Insure a Muscle Car

Insure a Muscle Car

Insure a Muscle Car

Insure a Muscle Car – Whether you currently own a classic muscle car or you’d like to. Regardless or the year make, or model involved we all have one very common need insurance. Ah, insurance – the one word that almost everyone (except insurance agents) say with a tone of disgust. Most of the time, people take on auto insurance policies and pay the premiums. Never actually have to make a major claim against the policy. However, should a situation ever happen where you would need to make a claim (in the event of theft, fire, a wreck, etc.). You’ll be thankful your insurance policy is there to help you. The purpose of insurance is to offset risk and with the skyrocketing values of muscle cars these days insuring them well is a must. This leads to the big question which type of insurance do you need? Here’s a 50,000 foot overview! Slot Game Online.

Regular Old Insurance? No way!

We’ll start by addressing the type of insurance that you don’t need: regular old car insurance. “Regular” car insurance is the type of insurance that you have on your daily driver. Which for most people is no older than a 15 year old car or truck. Should an event ever occur where your car is totaled out. The insurance company will send you a check for (basically) the blue book value of the car. I’m simplifying things a bit here but you get the point. The blue book values of cars decline with age. So obviously if you’ve just put $40,000 into restoring your ’67 GTX (or just purchased one) you’d need a different type of insurance. Slot Game Online.

Agreed Value

This is a type of policy where you and the insurance company agree on an amount of coverage value for your car (say $40,000), and you pay a monthly premium on that. Companies like Hagerty and Grundy have been issuing these policies for years – and they have very low premiums to match. It’s a great way to get your car covered for a high dollar amount at a low price. What’s the catch? Usage. They have absolutely no requirements on limiting annual mileage, but it’s essentially insurance for people that drive their cars in parades, to car shows, and the occasional cruise. Slot Game Online.

Stated Value

What if you’d like to use your car more frequently, or as a daily driver? In that case, “stated value” insurance is the way to go. This is essentially just like regular car insurance (so you’re covered in every situation). But with a value stated on the policy for the car’s value and coverage amount. You’d need to find an insurance company to work with. The major auto insurance companies (Allstate as an example) offer these style of policies (along with many others). It will NOT be as cheap as the agreed value policies. But it will provide you the coverage that you’re looking for. Slot Game Online.

Summary

When insuring your muscle car, determine how it is you wish to use the car first, and then choose the appropriate type of insurance based on that. If you’re a “parade, car show, and cruise” kind of guy. Agreed Value is the way to go especially if you have a high dollar car. If you’re looking to use the car as daily transportation, go with Stated Value. As with anything else though – price the policy both ways! Slot Game Online.

Property Insured Against

Home Insurance Plan protects you against loss/damage cause by:

1) Fire, Explosion (including explosion of domestic appliances like geyser, stoves) lightning, thunder bolt, earthquake.
2) Burglary, house breaking or any attempt of threat.
3) Riot strike, labour disturbance and malicious act.
4) Aircraft and other Aerial devices or articles dropped therefrom as well as falling trees.
5) Bursting or overflowing of underground water or sewerage pipes (excluding damage caused thereto)
6) Flood, Typhoon but excluding rain damage except when occurring during or immediately after typhoon.
7) Impact by Road Vehicle.
8) Personal accident cover.
9) Loss of Rent &
10) Terrorism.

The contents sum insured you choose should represent the full cost of replacing your contents as New with items of similar quality at today’s prices. Slot Game Online.

About My Valuables

Your valuables like jewelry are held covered when they are:
1) at residence or
2) in a specified locker or
3) in transit between residence and the locker and vice versa or
4) worn and robbed any-where in country Insured value of the jewelry.
5) Cash on body also covered during transit also covered.

Happens Under Insured

If your sum insured is insufficient any claim you make would be reduced in the same proportion as the amount of under-Insurance. Insure a Muscle Car. Slot Game Online.
Today’s Home or Property Insurance are both really important due to all of the hazards that can happen. It will provide you best the compensation of your valuable property.

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6 Wealth Building Strategies

6 Wealth Building Strategies

6 Wealth Building Strategies

6 Wealth Building Strategies – If you want to test out your own financial habits against some recommended wealth building strategies, the answers may help you to start to build wealth in your lifetime. How is it possible that an ordinary couple on ordinary income built extraordinary wealth becoming multi-millionaires and retiring in their fifties? This is the premise of the Automatic Millionaire by David Bach, one of 12 best-selling books in personal finance. The strategy he presents is not as far-fetched as the story appears. 6 Wealth Building Strategies. Slot Game Online.

Instead of focusing on growing your income, increasing your spending and looking rich, if you switch to saving money, investing wisely, you can become very rich – and sooner than you might think. It’s simple to read, but it seems difficult for people to implement in today’s increasingly materialism and credit-orientated culture. As a regular on the Oprah Winfrey show, David Bach is no stranger to the personal finance industry, at least in the US. But what sets him apart from many experts are the straightforward strategies he shows, which anyone can do to become debt free and build wealth in your lifetime. Slot Game Online.

Here are six questions you can ask yourself to kick off your own personal wealth building strategies and finish rich in your lifetime.

1. Do you want to be rich?

This is not a trick question. But the real question is to ask yourself WHY you want to be rich.
If you get clear on your goals, you wake up hungry to make it happen and you’re more likely to do the work and make the sacrifices to achieve them.

2. Do you pay yourself first?

This is the number one financial decision, but few of us do it and certainly we don’t do it automatically. When you earn a dollar, the first person who should get paid is YOU. Pay yourself first means put money aside for your taxes, your retirement accounts, your savings, many of which are tax free! The rule is to pay yourself one hour a day of your income – around 10-15% – invested automatically for life. (The average household actually puts away only 10 minutes worth of their earnings a day – around 2% – which is both shocking and scary.) Slot Game Online.

3. Do you know your Latte Factor?

The average American and probably European spends around $10 a day on incidental purchases, like buying a Latte and a pastry before, during and/or after work, maybe a pack of sandwiches or a salad and a drink over lunchtime. If it’s not that, it’s a magazine or an extra CD, grabbing some chocolate at the petrol station. That $10 a day amounts to $3600/year (assuming that somehow you will have a latte factor not just on weekdays but weekends too). Slot Game Online.

If you put that away instead, it really mounts up – and this will blow your mind. Calculate it through at say 8% annual growth, over 35 years, that is actually a staggering $1,385,505 – over a million dollars – for coffee! Wait five more years, and that would be an unbelievable $2,108,569. The strategy here is to become conscious of what your incidental ‘latte’ purchases are and reduce them or knock them out and instead pay yourself first with it. Slot Game Online.

4. Do you rent or own?

If paying yourself first is the number one financial decision. Then the number one investment decision is buying your own home. It’s the top wealth creation strategy you can use. Home owners have a net worth of 40-50 times more than people who rent. A secondary strategy is to pay your mortgage debt off as early by making over payments and thus saving enormous amounts of money on interest otherwise paid. Slot Game Online.

But a third arm to this is that once you’ve paid about half off. Use the equity to buy another property of the same value an rent it out. For a 15 year long fixed rate mortgage, the interest rates are as low as they will probably ever be. It is easier than ever to benefit and build wealth in your lifetime. In fact, using a bi-weekly payment plan could save you over six figures in interest over 15 years!

5. Do you have debt?

If you are going to work really hard to make money. Then you should make sure you have a plan to keep it! The only economy you can control is your personal economy. So reduce your debt by paying it off from the start and little by little. This is easier and less stressful than trying to pay off big lump sums. Slot Game Online.

6. Do you give back?

When your personal finances are stretched, it seems very hard to consider any level of tithing. But it’s a healthy habit and pays you back in so many ways. It’s another kind of wealth. When you feel happiness and satisfaction at a deeper level. You are far more open to opportunities you might otherwise never notice.

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The Secret to a Fruitful Business

The Secret to a Fruitful Business

The Secret to a Fruitful Business

The Secret to a Fruitful Business – For online businesses, learning to compete in a global marketplace presents certain specific challenges all its own. Learning to identify strategies that can keep your business competitive is the key toward ensuring your company has a productive and fruitful future. Slot Game Online.

For any business, beginning to accept credit cards as a means of payment can yield substantial increases in both the company’s customer base and its profits. But for online businesses, the need to accept credit cards is a critical component of any business that hopes to thrive. Or even continue to operate on the worldwide web. Slot Game Online.

Studies show more than 90 percent of customers who shop online use credit cards as the method to pay for their purchases. More than 90 percent. If you aren’t accepting credit cards at your online business, that’s a huge potential loss of customers – and profits. Slot Game Online.

Opening a merchant account

The vehicle that will allow you to accept credit cards for purchases of your business’ goods and services – is a simple process. And the fees associated with maintaining your merchant account are lower than ever before. When you decide the time is right to venture out and consider which merchant account services and options are right for your own online business, consider the following tips to help ensure you get the best account for your business’ needs:

Just what is an Internet merchant account?

Using special, proprietary software, an Internet merchant account helps process credit card transactions. Internet merchant accounts can be either real-time or delayed processing. Which one is best for your company depends on the amount of daily sales you expect. As well as how much involvement you want to have with your credit card transactions, and your overall budget. The advantages and disadvantages of each type of account are described below. Slot Game Online.

What steps are involved in processing credit card transactions?

In a real-time system. Then sent by an encrypted and secure connection to the card issuer. Most Internet merchant accounts use a special type of program, called a gateway provider, to aid in this process. The gateway provider can also serve as an added level of protection against fraud. During the processing, your merchant account may also use as address verification system. Or AVS as an added level of security. The card issuer determines if the account is active if it has been reported lost or stolen. There are enough funds in the account balance to cover the costs of the transaction. Slot Game Online.

No Red Flags

If there are no red flags, the card issuer assigns a unique transaction ID number. Later in the day, the merchant account tallies up the day’s receipts, deducts applicable daily and transaction-based fees. Then deposits the remainder into the business bank account. Slot Game Online.

In a delayed processing system, the customer enters the credit card information in the same way as before. The business owner or sales staff retrieves that information and then must enter it manually for processing. They are not a good choice for businesses expecting large daily sales volumes. For those who do not wish to be involved in processing their online transactions. Slot Game Online.

What equipment is needed for an Internet merchant account?

As noted, you’ll need an online shopping cart system, as well as a gateway service for real-time systems. Some merchant account providers use their own gateway providers, while others will require you to find one on your own. Opening a merchant account is the first step in accepting credit cards for your online business. Using these tips, you can choose an account provider that will help ensure your online venture is successful – and fruitful. Slot Game Online.

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Consider Choosing Camera Insurance

Consider Choosing Camera Insurance

Consider Choosing Camera Insurance

Consider Choosing Camera Insurance – Cameras enable us to capture the most memorable moments of our life. This is the reason many of us have at least one. A little negligence or mishandling can damage them. Hence, a sensible solution to safeguard your camera is to insure it with a right cover. As many insurance companies are offering different policies, it is necessary to understand the possible risks and the required protection for your camera. In this article, we will discuss on the things you need to consider before choosing a camera insurance policy. Slot Game Online.

Camera usage

Broadly, camera usage can be classified in to two types – personal and professional. Under personal usage, the camera is used purely for personal purposes, without any intention of making money. Even if you use a high-end professional camera, without making money, it cannot be considered professional usage. As part of professional usage, you use a camera to make money.
So, before opting for an insurance policy, be sure about your usage. Based on what kind of a photographer you are (as this determines the usage of camera) – amateur, semi-professional, or fully professional, there are different types of camera insurance policies. Slot Game Online.

Geographical/territorial limits

Many insurance companies offer camera insurance policies that have geographical restrictions. In case your camera has suffered damage outside the mentioned territorial limits of the insurance company, you are not eligible for claiming amount for the damage.

Imagine you were on a family tour. And while capturing some images, your camera fell down accidentally and stopped working. You may not bother much assuming that you have camera insurance to take care of this. But, when you call and report the same to the insurance company, their response may upset you. They may say that the insurance is applicable only if the accident happens in the city or country limits. Slot Game Online.

What all are included in the accidental damage?

At times, the insurance policies are very tricky. Though the policy claims that it offers cover to all possible accidental damages to the camera, in reality, the companies have a certain list of accidents, only for which the cover is applicable. Different companies include different accidents.
For instance, a general damage caused because of wear and tear, repairing, cleaning, and battery leakage, may not be considered and hence, makes the claim invalid. Be sure about the terms and conditions of accidental damage before purchasing the policy. Slot Game Online.

Theft coverage

Theft coverage is one more important thing to consider. As the chances of fraudulent claims are more when it comes to theft, insurance companies are a bit tough on claims related to theft. While, some companies may completely exclude theft coverage in the policy, some may include, but with conditions. Hence, be aware of the theft coverage before choosing the policy.

Other things to consider

In addition to above mentioned things, there are a few other points that are worth considering.
• Equipment cover: This cover is applicable to professional photographers who possess different camera accessories like additional lens, cover filters, tripods, lighting, flash equipment, etc. Besides offering cover to the body of the camera, if the policy offers cover to these accessories also, it would be beneficial. Slot Game Online.

  1. Public liability insurance: This would again help the professional photographers who own studios or those who perform photography sessions outdoors. Public liability helps them to save costs on the legal claims made by the injured public at the studio/outdoor shooting location due to photographer’s negligence. This insurance is for the studio owner and the cameraman, but not the camera.
  2. Equipment replacement: Camera replacement or ‘old for new’ are some of the schemes offered by the insurance companies. As they seem like a bait to attract the customers, one should be careful while considering these schemes. They can be considered to be useful to the policy holders, only if the terms and conditions are made transparent by the insurance company. Depending on the policy and specific conditions, the companies may replace your damaged camera with a new one.

You need to consider these points before choosing camera insurance. Approach a reliable broker to get a fair deal on your camera insurance policy. As he is a professional in this field, he understands the industry specific terminology and helps you choose the right policy. Slot Game Online.

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Car loans

Car loans

Car loans

Car loans – An auto loan or a car loan is a loan availed to buy a specific vehicle, which can be used or new. If you plan to finance your car through car finance programs or auto finance programs, there are many choices available as far as credit facilities are concerned, however the final availability of your car loan will depend upon on two main aspects – your income, and your car credit score. In case your credit score is not good enough, chances are you will end up paying a higher rate of interest for your car financing facility.

Knowing your credit score can help you decide the manner of availing your credit. In case of bad credit ratings, it is possible to improve your credit ratings and subsequently apply for the loan. If you credit score is below the national FICO average of 680 points, it is recommended you do something to improve upon your score before applying. The second criteria of your monthly income can also decide the result of availing your car credit facility. Even if you have a bad credit score, if you have a decent monthly income, you can still improve your chances of getting your credit.

Eligibility for car loans

Theoretically, almost anyone is eligible and can apply for car loans. As long as they have a certain plan to repay the loan, and have social security proving their citizenship. Other factors decide the extent to which you might be successful in actually availing the required car finance credit, however these factors can be either negotiated or improved upon. The borrower’s credit ratings or repayments history is important, but not a major factor when it comes to car financing. In short, it is possible to avail your car loan provided you have done your homework well, and have prepared well in advance for the credit facility. It is important to find the right kind of lender, who might offer you exactly what you need, and help you decide the manner in which you desire to avail your loan. Many such lenders are available.

Ways to avail car loans

The following options are generally used by individuals when they desire to obtain credit facilities to buy their car – new cars as well as used cars. Slot Game Online.

Banks and credit unions option –

Individuals usually prefer going to banks and credit unions to avail their car loans or auto loans. Bank auto loan programs are very popular since borrowers can avail attractive deals through these institutions. Credit unions offer lower interest rates as compared to most banks. Slot Game Online.

Home equity options –

Utilizing your home equity loan is another way of financing for your car. However, one needs to make sure that the security offered, usually your home, is not put to undue risk, since it may further encumber your most important asset value.

Online lenders option –

If you are bold enough, or you have the required expertise related to online companies. It is possible to conduct your financial transactions over the Internet, and avail your auto financing from online lenders. This option can be convenient for a variety of reasons online lenders usually compete aggressively for business and offer very competitive rates and contract terms. So the borrower tends to gain something extra from the finance deal. The biggest advantage is you do not have to leave the comfort of your home. Still carry out your transactions to buy your dream car. Slot Game Online.

Relatives option –

Even after trying all possible ways and means of availing auto finance. If everything fails, you can still use time-honored method of borrowing from your relatives. This option usually works, but it is important to know that it can put a strain on your relationship. So it is advisable to use this option as your last option, when nothing else seems to work out. Slot Game Online.

After availing your car loan

Majority of the lenders provide car loans without any major hassles. The borrower can enjoy their vehicles while paying their loan. Lenders or creditor do not pursue or harass their debtors unless there is some reason to do so. That reason is defaults in monthly dues and delinquency issues. So if you make your monthly payments regularly. Your lender will not take any steps to repossess your vehicle. In case you suffer or end up with any repayment issues. It is advisable you contact your lender, explain your problems to him or her. Find a way out to redeem through some acceptable compromise. Slot Game Online.

Credit Card Default

Credit Card Default

Credit Card Default

Credit Card Default – Occurs in the event that you have a card balance, and you stop making payments for a certain length of time. Your path to card default is not pleasant and replete with increasingly aggressive telephone calls from the bank you owe the balance to. Let’s investigate a typical scenario:

  1. You open a $10,000 credit line with XYZ Bank.
  2. You spend $7,000 on a great plasma TV, a couch, and a stereo system.
  3. 27 days elapse.
  4. You lose your job.
  5. Because of inadequate financial planning, you cannot continue paying your bill.
  6. You’re $150 minimum payment comes due, and you miss the payment.
  7. The bank charges a late fee to your account (in addition to interest fees of course).
  8. The balance on your card goes up by the amount of the unpaid interest, and the late fee, let’s say $170.
  9. During the next 60 to 90 days, your issuer continues to call, email, mail you and harass you to make the payments to your account. During this time, your card balance continues to increase.

After this, the company will change your account status to Default, and make a negative report to the credit bureaus. Between 90 and 180 days, your bank may start to offer special deals to you to pay off all or part of your balance. They may even offer to reduce your card balance. After 180 days elapse, your bank will probably give up, write off the amount you owe, and sell the debt to an outside collection agency for a small fraction of what you owe. Now, it’s the collection agency that will try to get some money out of you. OK, you can see it’s not a fun experience. You wanted to pay your bill, but you lost your job. What could you do?! Unfortunately, XYZ Bank doesn’t have much interest in your sob story. Slot Game Online

When, If Ever, Is It Safe To Default On A Credit Card?

Well, that depends on your definition of “safe”. You certainly want to avoid default, if you can, but things happen, right? Dave Ramsey has a useful take on prioritizing things. He says that 4 things are at the top: food, clothing, housing, and transportation. You’ve got to have those things to get/keep your job. So, if something must fall by the wayside, it’s got to be your unsecured debts. Slot Game Online.

Prepare For Collectors

There exist many online resources for handling collection agencies. Specific laws exist to protect you from the collection agencies. As with all laws, the important thing is knowing your rights. It will help keep you calm amidst adversity and creditor pressure. Prepare and do your research for the difficult situation you are heading toward. Creditors are aggressive, and you need to know your options in credit card default situations. Slot Game Online.

Effect Of Default On Credit Score

If your credit cards go into default, you can expect your credit score to decrease dramatically. How dramatically? Well, that depends on factors like your initial credit score, and how many cards you default on. FICO has released a few stats explaining the impact on a credit score for various situations. Slot Game Online.

The CARD Act and Universal Default

Good news! 2009’s financial reform laws for the credit card industry actually DID improve somethings. Universal default was where ALL of your creditors could put you into default, if you defaulted on ANY other card, even if you were current on that card, just like dominoes! It used to be brutal! It was an unfair credit practice by the banks, and the CARD Act has prohibited this aggressive credit card banking practice. Slot Game Online.

Recovering From Credit Card Default

OK, so you’ve defaulted. Once you’re through handling the collection agencies, and you’re ready to move on, what do you do to recover? Is it even possible?! Yes, it is, but it will take some time, and patience. Your credit score has been decimated, and you may even have filed bankruptcy. So, it’s often advisable to begin with a secured credit card. Additionally, you may actually find out that, as long as you have a job, creditors are generous with credit again. That’s because, if you’ve filed bankruptcy, they know you can’t file again for another 7 years!
I hope this helps, and good luck to you all…

Tips for Financially Successful

Tips for Financially Successful

Tips for Financially Successful

Tips for Financially Successful – The New Year is here, and it can be the best one ever for you financially! How do I know this? Simple, if you get on board, and put good financial management principles in place it will enable to get the best out of your money! Slot Game Online.

Christmas is finished and you probably spent lots of money during the festive season on gifts, eating and drinking and, partying! Now you need to lay down some financial guidelines for the New Year to ensure a financially successful 2012. So here are some money management tips for the New Year:

1. Invest in your Financial Education

There is a saying that “the more you learn is the more you earn”. If you are going to acquire a new way of thinking about your finances then you are going to need to read and study more financial literature. There are numerous books on the market that you can purchase to help you increase your money management knowledge.

2. Review your assets and liabilities

At the beginning of the year you need to identify your starting point. So review your assets as follows: a. the value of your house, b. the value of your investments such as savings, shares and bonds, c. the balance on your current and deposit accounts, d. value of your pension and insurance. Also review your liabilities such as the balance on your mortgage, loan, and credit cards.

3. Review your budget

Check your budget to ensure it contains all your income and expenditure. Make sure there are no new monthly direct debits that have crept in unawares, or increases in your monthly bills such as council tax, utilities, mortgage, annual bus or rail passes. Despite being small amounts such increases can build up and disrupt your finely tuned budget. Also on the plus side check any increase your income such as an annual pay rise, increase in child benefits, family credit, and income from your investments.

4. Set your financial goals (expenditure) for 2012

Think about the things you want to do in the 2012, which are going to require considerable expenditure. A new home, new car, wedding, a new addition to the family, or an expensive holiday. All of these things need to be paid for, so you need to put plans in place to make sure you can afford them without getting into debt.

5. Set your financial goals (savings/investment)

You need a saving and investment goal for the New Year. Try and see if you can save a greater percentage of your salary, check the interest rates being paid on your current and deposit accounts; if they are not up to scratch. The beginning of the year is an ideal time to look around for a better account which pays you more for looking after your money!

6. Set your financial goals (debt reduction)

In 2012 you need to maintain your drive to reduce your debts to the point where you are debt free. Using your debt reduction plan prioritize your highest debts and pay them off one by one till they are all gone. If you don’t have a debt reduction plan you should get one right away.

7. Spend wisely

Make 2012 the year you bring discipline to your spending. No more impulse purchases. Shop with cash and leave your cards at home, purchase on-line where it’s cheaper; no more living off your overdraft, and most importantly if you don’t have the money don’t spend it!

8. Get a credit check

It is a distinct possibility that at some time during the year your credit status will play a significant part in your money management strategy. So it pays to know from the outset what your credit rating is, and get a credit report. The report will show your credit history and your rating. It will enable you to check all your credit dealings and ensure that they are correctly recorded, and rectify them if they are not, as any adverse entry will detrimentally affect your credit rating. You can do it all on-line.

9. Review you income potential

The most obvious way of enhancing your financial position in the coming year is to increase your income. So this is a good time to look at your earning potential; are you entitled to a promotion or is time to change your job, or maybe even your career? Alternatively, maybe you can get second job or look at other income generating opportunities such as network marketing or an internet business.

10. Review your security

Do you have life insurance, a pension and a will? If not now is the time to get these fundamental things in place. Speak with an independent financial advisor immediately. Tips for Financially Successful

11. Get Help Finally

If after carrying out the above steps you find you are really struggling with your finances don’t worry or ignore the problem; get help! Organisations such credit action specialise in providing advice for people in serious debt. Check them out at Like I said this can be your best financial year ever, just follow the tips! Tips for Financially Successful

5 Dangers of Co-Signing a Loan

5 Dangers of Co-Signing a Loan

5 Dangers of Co-Signing a Loan

5 Dangers of Co-Signing a Loan – I received an e mail last week from a lady that was in a desperate situation. She had co-signed a student loan for a relative and had recently been notified. That she must begin making a monthly payment of nearly $800 (since the student had defaulted). This is money she simply doesn’t have. While she thought she was doing a good deed helping a young person to obtain financing to go to college. She is now on the hook for nearly $10,000 per year in debt payments for the foreseeable future. Slot Game Online.

“A person devoid of understanding shakes hands in a pledge and co-signs for a friend.” (Prov. 17:18)
I regularly receive e mails from people wondering about whether or not they should co-sign to help out a loved one or a friend. This can be for a student loan, auto loan, a mortgage, or even a credit card. While I was working in the mortgage business several years ago, it became apparent how little people understood about the financial and legal ramifications of co-signing.

On numerous occasions I had to inform a client that their loan had been turned down due to a loan they had co-signed. In some cases, the loan was not being paid on time and it had destroyed their credit. In other cases, the addition of another monthly obligation caused their debts to represent too high of a percentage of their income for an approval. They all seemed to be in a state of disbelief saying, “but it is not really my debt…” Unfortunately, lenders do not see it that way. Slot Game Online.

1. You May End Up In Bankruptcy

When you co-sign on a loan, you are 100% responsible for repayment along with the primary borrower. If the loan payments are not made, the lender will attempt to collect from you and may ultimately obtain a judgment in court. Once a judgment is obtained against you, they may be able to force you to sell assets such as your home, vehicle, and other personal belongings. As well as attach your wages from your employment. As a result, you may have no other choice but to file for bankruptcy.

2. The Debt May Not Be Dischargeable In Bankruptcy

In the case of a student loan, most of the time you can not discharge this kind of debt in bankruptcy. What’s worse than ending up in bankruptcy? Being insolvent without being able to obtain relief from bankruptcy. A debt that can not be discharged in bankruptcy can potentially follow you for the rest of your life! Even in the case of debts that are considered eligible for discharge in bankruptcy. You must be able to qualify to file a Chapter 7 discharge bankruptcy. Under the new bankruptcy laws, you must meet a series of guidelines for the court to allow you to discharge any debt in bankruptcy. Otherwise, you may end up in a court ordered Chapter 13 bankruptcy (payment plan) for five years or longer.

3. You May Seriously Damage Your Credit Score

Even if the debt is being paid on time, it may still drive your score down. The addition of another loan on your credit file may cause you to have too many open credit accounts to maintain a high credit score. Of course, if even one payment is made late this will cause even further damage to your overall score. Slot Game Online.

4. Your Debt Ratio Will Be Impacted

When you apply for a loan. Lender will take into account the percentage that your monthly debts represent of your monthly income. Income to debt ratios are used in just about all forms of lending. They are considered as important as your credit score by mortgage companies, auto finance companies, and even credit card issuers. Slot Game Online.

5. Your Interest Rates May Increase

We have been inundated with e mails from individuals seeing substantial increases in the rate they are being charged on their credit cards. For just about any reason, credit card companies seem to be quick to raise rates on even their best customers these days. If a loan you co-signed for has even one late payment. You may see substantial increases in the rate you pay on any variable rate debts you owe.

Property News

Compare House Insurance

Compare House Insurance

Compare House Insurance

Compare House Insurance – It is always important to compare house insurance policies before getting one for your home. This is one of the simplest ways to get the best possible deal to insure the buildings and contents of your home. Yes, this can be a long, tedious task to accomplish. It could take you weeks before you find the perfect policy for your home. But it will be all worth it after it’s all said and done when you compare house insurance. Game Slot Online.

Any home owner should get a proper home insurance policy. This is a must since you never know what could happen. Someone might rob you, your house may catch fire, an earthquake could level it to the ground, you simply never know. Accidents can happen at the blink of an eye. If your house is insured, then you at least have a net to fall back on. Yes, the pain of losing the home you’ve worked so hard to achieve will still be there, but not everything is lost. By getting a home insurance policy, you’ll have something to build on after an accident. And if you put some time and effort into comparing home insurance from different companies, you can find one which would suit your needs at a price perfect for your budget. Game Slot Online.

Of course, one company can have a different home insurance quote compared to another company. Some will have better offers, some will be expensive, some will be right for your budget, some might be outright rip-offs, and then there are those that will fit your needs perfectly. This is why it is important to compare house insurance from different companies. By doing so, you can see which policies are important and which ones you can make do without. At the end of the day, if you compare insurance quotes properly, you will end up with the best one that is available for you.

How To Compare House Insurance

Now the question is: how to compare the different quotes given by different sales people of insurance companies? It can be difficult since these people are trained to sweeten everything that they say. While they talk, it gives you a feeling that what they say is gold. They slowly reel you in with promises, sugar coating, and other tactics. If you want to compare home insurance quotes properly, you will have to learn to see through the act of these sales people. You have to train yourself to be able to listen to the important parts only so that you’ll be able to compare house insurance policies properly later on.

However, before you go out and shop for different quotes to compare house insurance later on. You will have to set a few things first. For one, you have to know what you want from a policy or at least a basic idea of what you want. Next, you would want to set a budget for it. This way, when you compare house insurance, you know what you are looking for.

To make an effective comparison, what you would want to know from the sales person are the various stipulations, deductibles, clauses, policies, and premiums. Basically you want all the facts. How much will you have to pay; what things are covered; and how can you lower the price; these are some of the facts that you want to look out for and list them down. Once you have done that, then it is time to sit back at home, look at your notes. Check the facts and compare home insurance policies from different companies. When you compare house insurance policies, not only will you find a price within your range, but you’ll be able to get the best possible deal.

Compare House Insurance Online

Then again, with the advancements of the Internet, you can now have an easier time to compare house insurance. You can now use the power of the internet to check out different insurance companies in your area and contact them through their websites. This way, you can gather information faster and compare house insurance without leaving the comfort of your house. Then again, the downside of this method is that you are limiting yourself to companies who have a website. There can be insurance companies that offer a good deal for you who do not own a site on the internet. So it is still best to look for them when you are doing your due diligence. Game Slot Online.

Compare House Insurance Summary

It is always important to have your home insured. But if you do not give some time and effort to compare house insurance policies. Then you might end up paying more for something you can get for a lot less. It may take some time, but be patient. Visit different companies and compare house insurance policies. They offer to find the one which will suit your needs perfectly. Game Slot Online.