Getting out of Debt

Thanks for the article from Jermaine Haynes

When our second child was born, my husband and I decided that I would stop working and stay home full-time. The first few months I was home, we acquired a large amount of credit card debt and desperately needed to pay it off. In order to do that, we had to make a strict budget and agreed to stick to it. Each week, we withdrew a set amount of cash from our checking account. This money was to be used for groceries and eating out.

Cutting Up Credit Cards to Cut Debt

Gas was the only thing that we put on the credit card because it acquired points that could be used to get cash back. Instead of going to movies, we had movie night at home and rented movies. We went to Texaselectricityproviders, compared rates, and were able to lower our energy bill. We even set our thermostat two degrees higher in the summer and two degrees lower in the winter. It has definitely been an adjustment for our family to stick to this budget, but it is worth it for me to be able to stay at home with my children.

How to Collect Debts without all the Frustration

For any commercial business where credit is extended, there is inherent risk involved.  At some point in time, most corporations – or even small businesses – that extend credit to consumers will have to deal with the frustration of bad debt.  The issue is that most of these companies are not in the business of debt recovery services; most do not consider themselves a debt collections agency either.  No, a commercial business is in the business of selling items and extending credit when necessary.  Collection is a whole different realm which actually requires a good deal of expertise.

A Pile of USA Dollar BillsBecause of the frustration and negative emotional impact that go hand in hand with debt recovery services, many creditors show a lack of motivation in going after bad debt.  Really, the underlying thought is that your company has done its part by providing the services or product promised.  It’s reasonable, then, to expect to be repaid in a timely manner.  Dealing with a slow paying debtor, or a dishonest debtor who has no intention of repaying debt, is extremely frustrating.

To further complicate matters, our world has become a far smaller place thanks to the innovation provided by the internet.  There is good and bad to this.  Through the internet, a company has a far wider reach and can increase their sales numbers tremendously.  However, collecting international debt seems to lend further complication to an already frustrating process.  In this instance, the best thing to do is to locate a reputable international collection agency to handle these specific debts.  Be sure to look at the numbers of debts collected by an international collection agency.  Many may try to say they can get the job done, but the proof is in the pudding.  Every country has its own policies and procedures, which means that it really does take a highly skilled – and well connected – international collection agency to be able to negotiate terms for debt collection.  Finding such a company to work with you on debt collection is a far better idea than simply writing off bad debt.

500 and 100 Euro BillsHandling debt collection takes skill and motivation, two things that may be lacking to handle this type of thing in-house.  One thing that will need to change in order for you to attempt to collect debts without the debt recovery services of an outside company is the right frame of mind.  In order to approach this whole scenario differently, it may help to develop the mindset that you are locating lost money, or increasing sales figures by collecting debt.  Establishing a new mindset allows the collector to approach this process in a more professional, less negative way.

Collecting debt is a very real and very important part of running a business.  That does not mean, however, that it is a task that must be handled by the business owner or even by an in-house employee.  The best way to minimize the frustration of dealing with debt still seems to be to enlist the services of a professional company.  By doing this, you hand over this important task to a company whose business IS collecting debts.  In this way, your operations can be “business as usual”.

How to Succeed in Running a Retail Store

In today’s fast paced, web savvy society, most people who are interested in opening their own retail shop first consider doing so on the internet. Internet stores are great because they have a far reach and seem to be fairly easy to operate. This is truer, however, when the potential business owner has done their homework. Even an online store may be in need of inventory; of software applications such as Quickbooks Point of Sale. Regardless of whether you are thinking of opening virtual doors or real doors, held together by brick and mortar, having the right equipment is high priority. Even more than that, though, are the essential qualities that are needed in any retail business owner. Some may be more applicable to running a local retail store; but certainly even the online retailer would be more successful with these qualities.

The Pork Store NYCCreativity is a must for the retail business owner, especially when there will be a storefront. It is through creative thought that displays are built; that new products are brought in and that marketing becomes more effective. Put your imagination to work and consider how your store can be styled in order to bring more attention to the items you are selling. How can you arrange the space in order to create a welcoming and comfortable environment for customers browsing your collections?

All the creativity in the world cannot save a budding retail store, however, without a good dose of organizational skills. Some people who are interested in retail are so because it seems like a fun industry. While this is true, it is essential that a business owner be organized with their time and their equipment. Quickbooks POS is one tool that has come onto the market in recent years. The whole goal of Quickbooks Point of Sale is to allow retail owners to track all necessary transactions. In fact, the Quickbooks POS software is even able to track inventory. It is through simple tools such as this that organization can be maximized and a local retail store can flourish. Combine what creativity you have with the necessary organization and you are well ahead of the pack.

Womens clothing in a retail storeSomething important to remember in any venture is that, even in an industry that is fun, work is involved. It is therefore best to get involved in a retail industry that you are very interested in. If you have more passion for skin care than leather purses, then you can quickly discover that a skin care boutique would be a far better retail niche for you to involve yourself in. Whatever niche you choose, it pays off to immerse yourself in it fully. The owner of that skin care boutique should learn all there is to learn about the different products they offer. Which cream does what and does it the fastest? What specific ingredient in that cream makes it so special? What new products are in development? The more passionate you are about your industry, the easier it will be to learn all about it. The more you know about it, the more successful you will be.

Truth be told, there are a lot of things you will learn along the way as you build your retail shop. Starting out with the right mindset as well as the right equipment, such as Quickbooks pos, you set yourself up to experience the success you have imagined. Remember that it takes hard work and discipline to succeed. Keep a clear vision of your goals and work hard every day to get closer to them.

How to Choose the Best Life Insurance

If you’re like most people, you probably only have life insurance through your employer. However, if that is the only life insurance you have, you are counting on that single policy to take care of your family if something happens to you. Many people put off purchasing more life insurance because they aren’t sure how to choose the best life insurance for their needs. Finding the right life insurance policy may not be easy, but it is one of the most important things you can do to care for your family’s future.

Reviewing life insurance policy quote

Start by figuring out how much life insurance you actually need. At a minimum, you will need to find a policy that covers costs associated with your death, such as a funeral and burial, as well as doctor or hospital costs that may come as a result of a battle with a long illness. You will also want to cover any taxes that will be levied against your estate, and plan for the day-to-day expenses that your family will need to cover. For most people, the right life insurance policy is five to seven times their annual income. When you decide how to choose the best life insurance, you will want to know exactly how much coverage you need without going overboard.

Once you have figured out how much your policy needs to be worth, you need to figure out how to choose the best life insurance type. Term life insurance is a policy that covers you for a certain number of years- for example, for twenty years or until you turn sixty five. These policies are often less expensive than other policies, and the rate is generally guaranteed during the period you own the policy. However, unlike other forms of life insurance, term life policies don’t gain cash value and they may not be renewed when they expire.

Permanent life insurance covers you for as long as you are alive, as long as you pay your monthly (or annual) premiums. This type of life insurance may have a cash value, also called a “cash surrender value” which allows you to surrender your policy for a portion of the total value of the policy or even take a loan out against the value of the policy. Permanent life insurance comes in “whole life” or “ordinary life” versions, in which premiums remain fixed and must be paid regularly.

Some people prefer “universal” or “adjustable” life insurance policies, which can be purchased and paid for at any time, as long as you follow the rules that the company sets. Variable life insurance allows you to decide how you want to invest the premiums you pay among different types of investments. This means that the total value of your policy will vary, depending on the value of those investments.

As you start looking at different policies, you will want to decide how to choose the best life insurance policy based on the needs of your family. Talking with an insurance agent is a great way to better understand what you need to provide for your family in case something happens to you.

How to trade stocks online

This has to be one of the easiest ways to build a stock portfolio. You sign up with an online stock broker, buy and sell as you wish, but it can also be dangerous if you don’t know what you’re doing.

Online trading refers to buying and selling stocks directly from a website owned by an authorized stock trading company. They’ll keep records of your trades, a portfolio, and even offer suggestions. The best thing about online trading is the fee is substantially lower than if you were to trade with a stock broker in person vs an online broker.

Wall Street Stock Trading Now Online

Trading stocks online is easier than ever! Your future of investing is at your fingertips!

Investing your money in stock trading can give you a jackpot, but on the other hand you can lose a lot so you need to research before you spend your money. It’s not always about the quick buck because you could generate a nice portfolio for your IRA accounts (while getting tax breaks!)

What’s great is not only can you monitor your stocks and portfolio online, you can also do this with your iPhone, Android, or other smart phone using the latest apps for mobile trading.

How to Find Bad Credit Payday Loans Online

Sometimes people who have bad credit think that they will never be able to get another personal loan of any kind but that’s not the case. Many come to the Internet and they get a bad credit personal loan from a direct payday lender there usually on the next business day.

People applying for this kind of credit need to remember that this isn’t the kind of loan that you get from a bank. These not great credit payday loans don’t involve any middlemen so there is a lower cost that is generally passed along to the consumer.

Faxless payday loans with instant approval

If you're looking for instant approval payday loands, you should search online and get no hassle even with bad credit.

You need to look for a few things when you’re trying to select the right payday loan direct lender, and at the top of the list should be the reputation of the company and their trustworthiness. There are different ways you can gauge that and one of the things that will tell you that a company is completely legitimate is their ability to supply you with more than an e-mail address as customer contact information.

For example a company that can supply you with the telephone support number as well as an e-mail address and even a snail mail address is a company that you can feel a little more trust for because you’ll be able to get a hold of them on the phone and ask any questions that you have about your bad credit payday loan.

There are a few other things that you’ll need to look for as well to make sure that you’re getting a direct online cash advance lender that is top-notch and these things include,

  • The ability to store your account information. It’s important that you make sure when you’re looking to get a bad credit payday loan that you can store your account information with the place that you are considering so that you can log in and check your account status anytime as well as apply for another loan without starting at the beginning of the procedure.
  • The ability to take advantage of all the latest technology. What you want here is to be sure that you’re getting a faxless payday loan so that you can feel comfortable that your confidential information is being held in a secure location.

When you’re looking to get bad credit payday loans it’s necessary to look into all the different angles and the different features that any direct online cash advance lender can supply so that you get the best of these not great credit payday loans.

How to Consolidate Student Loans

Whether you are a recent college grad or you have been out of school for several years, if you paid for school with loans, you are probably wondering how to consolidate student loans. Large debts from school can be hard to manage, and having your loans spread across several financial institutions can make it even more difficult. Consolidation can not only make it easier to pay your student loans each month, it can also save you money by lowering your interest rate in many cases. Understanding how to consolidate student loans may make it easier for you to reduce your debt and move forward with a stronger financial future.

college graduation

This is only the beginning!

Consolidating student loans usually means that a single lender will group all of your smaller loans into a single larger loan by buying out your other loans and becoming your primary lender. You will have a single point of contact, a single place to send your payments, and often, a much lower interest rate that will allow you to pay off loans more quickly. While student loan consolidation isn’t right for everyone, generally, the more student loans you have, the more sense it makes to consolidate them.

When you are looking at how to consolidate student loans (Government or other private student loans), the first thing you need to think about is whether you are a good candidate for consolidation. There are pros and cons, depending on your individual situation. First, remember that consolidating loans means a fixed interest rate, so you don’t have to worry about interest rates going up- but you also won’t experience the benefits of a decrease in interest rates. If you think the rate you are being offered on a consolidation is too high, you may want to wait a while and see if the rate drops. You also need to figure out whether you have federal loans (such as Stafford, PLUS and SLS) or private loans. There are consolidations available for both types, but you will need to figure out which type you have.

Paying off student loans with a handful of cash

How much is your student loan monthly payment?

Once you have decided that you want to consolidate your student loans, the next step is to figure out how to consolidate your student loans. Remember that you cannot consolidate loans while you are still in school, but you can consolidate them while you are in the “grace period” right after graduation before the repayment plan begins. You may want to start with an student loans online consolidation calculator which will help you figure out what you should be paying and what your interest rate will likely be. You should talk to a number of different lenders to see what the policies, interest rate, and repayment plan for each one is. As with any other type of loan you take out, the more homework you do up front, the less likely you are to end up with more than you bargained for. Remember that no legitimate company will force you to pay an upfront fee in order to consolidate your federal student loans.

Once you have decided how to consolidate student loans, the next step is to be sure that you keep up with payments. Missing or being chronically late may result in increased interest rates, fees, or other financial difficulties that will undermine your efforts. Learning how to consolidate student loans isn’t difficult, and it can be an important step toward being financially secure after college.

How to Find and Buy Cheap Car Insurance Online

There are a lot of insurance companies out there today and they have one thing in common besides covering your car and passengers… they want your money! Here are some simple steps in finding the most affordable car insurance that fits your needs.

  • Compare – Look at what’s offered and compare companies from each other. You might even start your own checklist of what’s important to you. Here’s a site that will do the work for you, they compare quotes online from multiple companies.
  • Check – Check for discounts! Many offer age discounts because once you’re out of your 20s you’re a more experienced and safer driver. There are also student discounts (as show here), marriage discounts, and a list of others you might qualify for.
  • Choose the right car – Make the right decision in choosing a car. Car insurance rates often depend on how expensive your car is and what class it falls into (example: sports cars cost more to insure).
  • Multiple car discount – If you have more than one car you can check with your existing insurance company as well as some other competitors to see what type of discount they can offer you that accommodates all of your automobiles.
  • Fine print – Lastly, check the car insurance policies, discount, and offers that makes them outstanding without paying a fee. Often time you get what you pay for, but just because the service is good doesn’t mean it has to be over priced.

Also if you’re looking to replace some things in your car or add some sweet accessories (I love my GPS) you can find the most popular car gadgets right here!

Sexy but Affordable!

Even if you have a bad driving record there are companies that will still cover you. The price might be higher in the beginning but as you maintain a good driving record your car insurance should get cheaper over time.

And if you’re looking to repair or replace something car related before talking to the insurance company, you can search your make, model, and year right here to get a price quote on products.


How to start frugal college cooking

Every time that I go to the grocery store, I intend to buy lots of things that I can actually cook meals with, but it seems like I always stock up on boxes of macaroni and cheese, chips and soda. Well, I’m going to make more of an effort to fix myself real meals now and even made it one of my New Year’s resolutions.

Frugal savings account

A penny saved is a penny earned!

While I was home I got my mom to help me look up some easy recipes that I should be able to fix without spending too much time or money. While we were researching that I randomly found the site and after I looked through it a little bit, I decided to change over my internet service at my college apartment to it.

Two Sexy Women Cooks

To start frugal cooking you just need to budget your money and use the necessary tools to cook at home, just like these two roommates who are great at helping each other out!

I know that frugal college cooking isn’t going to be the easiest thing in the world to stick to, but I’m really going to work on buying the right stuff to have on hand for it so I can stick to my plan.

This was contributed by Lacey Cloud

How to buy cheap domain names

The easiest way to buy cheap domain names is to tell your current domain registrar that you’re thinking of transferring your domains to a less expensive registrar and ask if you can have a discount on future domain orders and renewals. This has worked for me with two registrars. One of my favorites has been NameCheap. They offer inexpensive domains, and if you have over a certain number of domains they will give you a discount coupon you can always use. Also they offer free ‘whois privacy’ for the first year. I’m renewing some whois and some domains, here’s the discount I’m seeing during my checkout screen. Before signing up you can always ask the new registrar if they offer discount for bulk domain owners.

Namecheap Discount Coupon Code Active

You can see I'm saving almost 9% on my domain renewal and 65% on whois privacy renewal!

Things to watch out for when registering domains anywhere:

  • If there’s a discount price, be careful because that’s the first year only! The second year the renewal fee is a much higher rate. For example many places offer a domain for $1.99 or $2.99 for 1 year registering a domain or a .US domain or similar, but the renewal price might be $10 (or more or less). So check into that.
  • Whois Privacy – Sometimes offered free for the first year, but after that there’s a renewal fee. Make sure you know what the fees are for the following years before purchasing, this way you’re not going to end up with a surprise bill! Places like GoDaddy charge insane rates for whois privacy, and with my coupon I can get my first year free and renewals for $0.99 per year with Namecheap.
  • Make sure your registrar is large enough that you feel confident registering domains with them.