Pages Menu
Categories Menu

Posted by on Jul 30, 2014 in Blog, Finance & Money | 0 comments

4 Hot Tips For Getting Out Of Debt

Getting out of debt is something that a great deal of people could benefit from. The amount of debt in the country is staggering. In fact, Americans carry a collective debt of nearly $12 trillion, with each household carrying an average of $15,191 in credit card debt. When you want to be sure that you are able to bounce back from the debt that you might have, get help from financial planning services and follow these tips for eradicating it. 

Take It One Debt At A Time

Some financial experts assert that it is better to handle your debt in a manner that lets you find little accomplishments and then build momentum. The problem with getting gung ho and attacking all of your debts at once is that you end up not seeing any progress and then quit altogether. However, if you knock out your most attainable debt account, it will only inspire you to continuously chop away at bigger debts. 

Stop Using Your Credit Cards

Another problem that people run into with their debt is that they make some progress and then “reward” themselves by using the credit card to get an item that they otherwise couldn’t afford. In order to curb this temptation, cut the credit cards up and make sure that you stop using them. This way, you burn your bridges and allow yourself to make progress for wiping out your debt. 

Renegotiate Your Interest Rates

It can be a frustrating experience to make your payments, but see your balance continuously balloon up due to high interest rates. In order to knock down these accounts, you should get in touch with the company and ask about renegotiating the interests rates. This will make the prospect of closing out these accounts more doable. 

Get Credit Counseling 

One of the easiest ways to begin turning your financial life around is to receive counseling from credit experts. They will take the mystery out of the process by laying all of your debt on the table and teaching you how to tackle it in a practical manner. They will be available to you each and every step, so that you are able to rectify any situations and make sure that you are fully and completely out of debt. 

If personal debt is something that has been getting you down for some time, take control of your financial life by following some of these sure fire debt busting tips. 

Read More

Posted by on Jul 29, 2014 in Blog, Finance & Money | 0 comments

The Dos and Don’ts of Filling Out Payday Loan Applications

Payday loans can definitely provide a quick solution to a short-term financial dilemma. A payday loan, however, only helps you when the money is actually issued. Applicants who have never filled out an application before should be aware of certain major mistakes that could hurt the chances of a loan approval and also how to complete the application properly.

Do Not Overstate Income

Depending upon the job you work, you might not receive the same amount of money each week. Commissions, overtime, and other fluctuating factors could increase or decrease a paycheck from one period to the next. While there is nothing wrong with reasonably estimating how much you plan on earning, do not wildly overstate your income.

Applicants may think this could improve their chances of getting a loan, but if the person reviews the loan feels something is suspicious, a denial may be in your future. Worse yet, lying about income on a loan application is a crime.

Be Sure Requested Identification Match

If you apply for a loan with one address on the application and then present a copy of your identification with another address, the loan application could be rejected.  In some cases, a different address on a photo I.D. is fine as long as supporting documentation such as a cable bill, lease agreement, or vehicle registration is provided. As a rule, always double check with the lender about the rules regarding identification prior to submitting the application.

Double and Triple Check for Errors and Typos

Even one “minor” typo has the potential to undermine a payday loan. When your bank account ends in “01” and you write or type in “02” the direct deposit is going to be rejected. Granted, making a simple correction allows the lender to process the loan again but doing so presents an unnecessary and unfortunate time delay.

Read the loan application forwards and then backwards. Reading the document backwards slows down your normal flow, which makes picking up on errors easier. Reading the application out loud is advisable as well.

Do Not Apply for Multiple Loans

Those in a dire financial situation might think they can improve their chances of being approved by filing several payday loan applications at one time with several different lenders. The truth is this tactic could ruin the possibility of being approved. If someone makes $500 a week and is approved for three loans totally $1,500, concerns arise about the ability to repay. Upon seeing several pending loans from various cash advance services, a payday lender is likely going to deny the application.

Visit #1 Cash Stop today to learn more about loans and how to properly fill out applications for them.

Read More

Posted by on Jul 29, 2014 in Blog, Finance & Money | 0 comments

3 Ideas To Ease The Transition Into Being Your Own Boss

According to data, there are some 22 million people in the United States who are self employed. This is an option that more people are taking advantage of, due to the freedom involved, along with more earning potential. If you are interested in taking this leap and making this life change for yourself, consider these points, to make sure that you are ready. 

#1: Organization Matters

When it comes to the self employed life, the most important thing to realize is that you are responsible for everything now. This means you must handle appointments, clerical work, insurance, payroll, budgeting and more. You need to make sure that you are ready for the burden of more work, since there is no option to skate by with when you only do the minimum required amount of work. If you don’t think you are organized enough to do it all yourself, or don’t trust your financial savvy, consider hiring accounting services who can look after your business. 

#2: There Is No Rush 

Unless you are in dire financial straits and need to make an immediate move, you should ease your way into self-employ. You can do this by operating your business on the side, while remaining employed at your current job. This way, you will get a handle for working for yourself, while still enjoying the regular paycheck and security that you get with your day job. 

#3: Tax Implications Are Important to Understand

The biggest change that you will notice with working for yourself is that you are responsible for paying your own taxes. When working for a company, you can depend on them to take out your state and federal taxes, before awaiting W-2s at the end of the year, so that you can file your taxes, in hopes of a heft refund. 

When you work for yourself, you should set aside approximately 30 percent of all income, so that you are covered when tax time rolls around. Further, you can also do yourself a favor and pay your taxes quarterly, in order to lessen the burden at the end of the year. Quarterly taxes are due on or close to the 15th of the months of January, April, June and September and can be paid online or through the mail. 

Going into business for yourself is a big decision. If you want to make sure that you’re making the most of the process, follow these tips, so that the transition is a smooth one. 

For more help on being your own boss, visit NR Smith & Associates PS.

Read More

Posted by on Jul 25, 2014 in Blog, Finance & Money | 0 comments

5 Things You Need To Know Before Selling Your Gold Or Silver

“We buy gold” ads run everywhere, from television commercials to your email inbox. There’s nothing wrong with turning unused jewelry into spending cash but, before you take your items to gold and silver buyers, you should be armed with some knowledge.

  1. Is your jewelry real? The first indicator is often a stamp on the piece. Sterling silver will be stamped “.925″ or “925” while yellow or white gold will be marked by the Karat (10k, 14K, 24K, etc.). Another quick indicator with gold is a magnet test. Real gold will not attract to a magnet. There are more professional gold testing kits you can buy to accurately give you the true fineness of the material if you have a great many pieces or are very interested in the process.
  2. What buyers will pay. People who buy gold and silver will not pay the actual value of the material. They pay under scrap value to leave room for their profit. What this means is that your buyer will pay a little less than the actual worth of the weight of gold or silver.
  3. How do you know what gold or silver is worth? A professional dealer will check the current market price. Their offer will depend on the total weight of your piece (and for gold, the fineness or Karat percentage). You can either calculate the value yourself, or use one of many gold and silver price calculators online to give you the total weight’s worth. 
  4. Research your pieces. Most often, jewelry is not worth more than intrinsic value (or the worth of material). But you may have an antique piece or something by a known designer that is considerably more valuable. You wouldn’t want to sell a piece of Tiffany jewelry for under scrap value. Take a close look at the piece to see if you can find a maker’s mark. You can research many hallmarks online and see if the creator of the piece is known or if their designs have higher value. 
  5. The reputation of your buyer. In today’s information age, there’s no excuse for blindly using a company that you know nothing about. Search out personal references for reputable companies or take some time to read reviews and professional recommendations.

Before selling your jewelry, you should be as informed as possible about what you have and what it is truly worth. While many companies that buy gold and silver are very honest, you never want to trust the person buying your piece to tell you all that you know about the worth. If you already know the intrinsic value, you can make an educated decision about whether or not their buying price is fair.

Read More

Posted by on Jul 24, 2014 in Blog, Finance & Money | 0 comments

Collecting Ancient Coins: Three Tips To Help You Get Started On Your Collection

If you’re someone who is passionate about Roman, Greek, or another type of ancient history, collecting ancient coins is a hobby that can offer both personal satisfaction and financial benefits.

However, finding ancient coins for sale can be difficult depending on where you live, and you’ll need to be cautious in determining who you buy your coins from. Before you start your own collection, you’ll need to follow these three helpful tips in order to make sure you don’t get ripped off:

Know the Lingo

Knowing the terminology that is used in ancient coin collecting is absolutely crucial, as it can mean the difference in buying an item that is authentic or a reproduction. 

Many sellers will be honest about selling reproductions (sometimes listed as “reps’), but some will use more underhand methods of sneaking this information into their listings, so knowing all the proper terms can prevent you from wasting your money on coins you don’t want.

Depending on which “ancient” period of coins you are looking to collect, you’ll also want to learn the corresponding terms for those time periods. Whether you’re more interested in the Roman denarius or medieval silver marks, familiarizing yourself with the correct terminology will ensure you can quickly find a listing that has exactly what you want.

Learn The History

Most individuals who are interested in numismatics are already well versed in the history of the coins they collect, which means if you find yourself suddenly interested in the hobby, you’ll definitely want to learn the history of the time periods you’re interested in.

Learning the history will allow you to look for coins quicker and, more importantly, it means you’ll be able to spot shady sellers who are looking to sell you reproductions or counterfeit coins. 

For example, knowing when the Romans started using mint marks and what each Roman Emperor’s respective mint mark was will be an invaluable asset in finding reliable and authentic sellers of ancient coins.

Determine What Type of Buyer You Are

There are several ways to buy ancient coins, as the hobby has become more popular than ever. Whether you’re buying on eBay, from specific collector sites, or going to coin shows, you need to figure out how you are going to approach buying your coins.

Do you want to buy bulk orders of coins and hope that some are worthwhile or are you more interested in taking it slowly and buying one coin at a time? It all depends on your interests, your budget, and what you want to get from collecting ancient coins, so determining this early on will help you in the long run!

Read More