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Find Good Balance Transfer Cards

Credit card balance transfer offers can also be used to reduce the interest paid on bank loans or other loans. If the credit limit is high enough, you may even be able to pay off the loans completely. Some credit cards provide credit card cheques for this purpose, but you’ll need to be careful. Some credit card cheques have higher interest rates than the credit card itself, so read the fine print very carefully. Some credit cards also allow you to transfer the balance from store cards. This can be useful after an intensive shopping spree!

Types Of Balance Transfers

There are two main types of credit card balance transfer offer. Many credit card companies offer users the chance to transfer balances for a rate of 0{1cab6c2ed991e59863597bd5c09c0451752e08afa0c0aaa1d24b93512c6912c0} for a fixed period, such as six or nine months. Once this offer has expired, the interest rate on the transferred balance will revert to the standard variable rate, which is likely to be considerably higher.

The best way to take advantage of 0{1cab6c2ed991e59863597bd5c09c0451752e08afa0c0aaa1d24b93512c6912c0} balance transfer offers without

Basic Finance Terms


Assets can be described as anything that holds value. Assets can be all types of things from cars to houses. Assets can be used in helping to build credit. For example if you are applying for a house loan, you might use your car as an asset, to show that if you default on a payment, that you have assets to fall back upon such as your car.


Capital can be a bit of tricky term as it can be used in several different situations to do with finances. Capital can be described as the assets that are available for use towards creating further assets; it can also apply to the cash in reserve, savings, property, or goods.


Debt is amount of money or something of value that is borrowed from a person referred to as a debtor. Usually a debt that is borrowed will carry some type of penalty along with the payback such as an interest, or service.

Debt Consolidation

Debt Consolidation is replacing multiple loans with

All about Internet Banking

Most banks however provide secure financial service networks using Secure Sockets Layers or other technology that encrypts information you send over the Internet. That means the data you send from one computer to another is encrypted to prevent outsiders from peaking in and seeing your private information.

This technology, referred to as SSL technology is now accepted or compatible with most browsers including Internet Explorer and Netscape Navigator. Usually you’ll see a little yellow padlock in the right lower hand corner of your screen, indicating that a page is being secured using this technology.

Other Security Measures

Most Internet banks offer other protective measures to ensure your information is kept safe and secure. Some examples of other security measures in place include:

Secure logins

You will create your own online access account number and code that you will need each time you log in.

Limited logins

Many banks limit the number of times you can attempt to log in per day and lock you out if you exceed this. That way someone

About Monetary Policy

In developed economies monetary policy has to serve the function of stabilization and maintaining proper equilibrium in the economic system. But in case of underdeveloped countries, the monetary policy has to be more dynamic so as to meet the requirements of an expanding economy by creating good conditions for economic growth. Monetary policy can be strategic, intermediate and tactical. Under strategic or primary goals the following tasks are very important.
– Increase of employment among the population;
– Normalization of the price level;
– Containment of inflationary processes;
– Acceleration of economic growth;
– Increase in production volumes;
– Alignment (balancing) of the balance of payments of the state.

By contrast intermediate goals are realized by changing the interest rates and the amount of money in circulation. In this way, it is possible to adjust the current demand for the goods and to reduce (increase) the supply of money. The bottom line is to influence the level of price policy, attract investment, increase employment and increase production. At the same time, it is possible to maintain or revive the conjuncture in the money (commodity) market;

Tactical goals are of short-term nature. Their task is to accelerate

Adverse Credit Home Loan

Finding a lender

The very first step on the path to finding an adverse credit home loan is to find yourself a lender who is willing to offer you a loan. This may seem like a near impossible task to you, but in fact there are a fair number of lenders who might be able to help you. Property is an attractive item for lenders because if they need to take possession then it will be relatively easy to sell. Take the time to look around to find a lender you are happy with.

One of the best ways of finding a lender is by using the Internet. This saves you the time of travelling to lenders who cannot help you, and also allows you to search specifically for those lenders who specialise in offering adverse credit home loans. As well as searching online you should visit mortgage lenders and banks in your area. The more research you do, then the more likely you are to find the first adverse credit home loan for your needs.

Getting pre-approval

Once you have found the lender you think is right for you, then you need to

Time Banking

The basic idea of time banking is that everyone can contribute to the welfare of the community by making exchange of services with the others. As an example, if a person needs his car to be repaired, a second person needs flowers for his front yard and another person needs a new table for his kitchen, they could make a deal one with another, even if they don’t have the money to pay for these services. In order to make these kind of exchanges, people who generally don’t meet need to interact, and they need an infrastructure for doing this. This infrastructure is now here.

Time banking is based on time currencies, the units of time exchange. The name of the time currency is different from one time bank to another, but, in every situation, one hour of work has an equal value with one hour of any other kind of work.

The person who had the greatest influence on the time banking movement is Edgar Cahn, a former lawyer. While he was recovering after a heart attack he began thinking about the influence of the 80 hours of work a week on the relationships with

Business Banking

This guide gives you a broad overview of how to open and manage your business account, including:

1. Getting The Right Account For Your Business

How to choose and open your account – what factors to consider and what information you will need.

2. Finding The Finance You Need

Common ways to source funding to set up and run your business, including grants, borrowing, loans and overdrafts.

3. Keeping Your Accounts Healthy

Good practise for managing your account, including info on online banking and finding an accountant.

4. Professional Advice

How to find expert advice on accounting and tax issues. This section includes web addresses for professional bodies.

Having a good relationship with your bank will make a big difference to the success of your business, whether that means extra support when you’re setting up or negotiating an overdraft to smooth your cash flow. Bank business managers can provide a useful source of advice and support – it’s likely they have a good knowledge of the market as well as insight into businesses similar to yours. Based on your individual needs, they should be able to suggest ways to

About Increasing Cash Flow

Lets suppose you own a duplex and your monthly mortgage payment including taxes and insurance is approximately $1200.00.

Now lets suppose you have a tenant on each floor with a one year lease, and you charge each tenant $850.00 a month to live there. This is a total of $1700.00 paid to you on a monthly basis.

Once you have paid your mortgage of $1200.00, you are left with a balance of $500.00, this would be your monthly cash flow from the income producing property.

If you are looking to increase your monthly cash flow, one of the easiest ways to do it would be to raise the rent. This is by far one of the most effective and common ways of increasing cash flow.

Another way to increase cash flow depending on the amount of equity you have established in a property would be to use some of that investment property’s equity to purchase another income producing property.

Using the same principal of charging more than the amount of your total expenses on the property, you will once again be increasing your cash flow.

Keep in mind, when doing any kind

About Flexible Mortgage Guide

Although there are a lot of mortgages that claim to be flexible, there are some things that define a truly flexible mortgage. There are four main characteristics you should look for when determining if a mortgage is flexible. These are:

· Being allowed to overpay

· Being allowed to underpay

· Being able to take payment holidays

· Interest is calculated daily

One of the best features of flexible mortgages is the ability to overpay. With traditional fixed repayment mortgages, there is no easy way for you to pay more than your fixed repayment each month. If you have a flexible mortgage, then you will have the ability to pay as much as you can each month. This means that during the good months you can speed up the process of paying your mortgage back. If you regularly overpay then you can save yourself thousands of pounds in interest payments.

Underpayments are another useful feature of flexible mortgages, but they should be used sparingly. If you are unable to make the repayment in a given month, then you can just pay as much as you can, effectively underpaying on your mortgage. Although

Information of Liquidation of Banks

The law regulating banking operations in Cameroon is however more extensive than the law under which it companies are formed and managed. Banks are regulated by a combination of legal regulations and principles derived from regional treaties particularly that of the commission bancaire des etats de l’Afrique central (COBAC). Indeed , it is a commission formed under the COBAC organization that approves the liquidation of a bank.

Liquidation is the winding up of the affaires of a bank for the reason of paying off its creditors in order of their preference and distributing what is left to the shareholders. Article 1 of Ordinance No 3 of 17/4/90 states that the rules of liquidation of banks are different from those of the ordinary laws. The principal distinguishing element between the rules for liquidation of a bank and that of ordinary companies is the fact that the liquidation of a bank cannot be ordered by a court, this is because Article 1 of law No 3 of 27/4/90 specifically prescribes that liquidations must be voluntary

In practice a bank goes into liquidation when its members by a resolution agree that the bank be wound up. The resolution winding

About Quick Cash

The simplest and the easiest way to obtain quick cash is the Automated Teller Machine – ATM. However, the biggest limitation of an ATM is that it will dispense only that much cash as is present in the checking or savings account. This is only an option in an emergency if the person has the cash they need on hand.

Some business firms need to move money fast. Several financial institutes have services to enable such firms and companies to transfer money. These money transfer services are very convenient. Single or multiple money transfers can be done around the world through a computer. Funds can be sent in just a few minutes. Cash can be received at the other end in the form of the recipient’s local currency. At times, these transfers are faster than bank wires. The pre-transaction fee is fixed and costs much lesser than sending a check across through courier.

Quick cash can also be obtained through a stored value card. This is a prepaid card that is used like a bank account. Funds can be deposited or withdrawn from the card. Transactions can be carried out only up to the amount equal

Must Know about Financial Blunders to Avoid

Credit Restoration companies:

These companies will promise to correct your credit for a fee. You think they can do things for you that are only known to the insiders of the industry. Not true. They are no more privy to credit secrets than you. Simply put, there are reputable sources and scammers.

Scammers will promise you a new identity and claims of perfect credit within 6 months. They claim to be able to remove bankruptcies, charge offs, collection accounts and more. The truth of it is, they can do nothing more than you could do given you had the right tools which is nothing more than the law and education. On the other hand reputable sources can be used as a credit tool. Reputable companies will not tote miracles.

By researching laws, arguing over inaccurate credit reports and negotiating with creditors, you can improve your credit legally and ethically. Reputable credit repair agencies are rare in deed. You will not find droves of really reputable credit restoration companies because the reputable ones don’t operate solely as credit restoration. Usually they consist of financial planners, mortgage brokers and credit officers who, over the course of years


By mapping out your ‘as is’ process you will come to understand:

  • Why invoices fail
  • How e-invoicing can remedy problems in your process flow
  • How many invoices would be ‘in scope’ should you proceed with e-invoicing
  • What your ‘as-is’ cost is, and how much it will go down by moving to electronic
  • How many days it’s currently taking to process an invoice, and how e-invoicing would reduce the time
  • How, by reducing the number of days, your capturing of negotiated discounts might be favorably effected

Step One is likely to take you 3 to 6 months, but by the end of it you’ll be clearer and more realistic when you make your business case.

Importantly, knowing your cost-per-transaction is essential for negotiating effectively with the provider you end up signing.

Step Two: Know the vision of the company:

Process change makes sense to stakeholders when it is contextualized against the overarching ambitions of the company.

This means it’s worth taking the time to understand where the company wants to be in 6, 12 or 24 months’ time, and you can extrapolate that intention back to how e-invoicing might accelerate or bolster the realization of that goal. Take

Offshore Banking

Offshore banking is done through a bank that is known as an offshore bank. Offshore banks are banks that are located in another country, other than the country that you reside in. For instance, if you live in the Untied States an offshore bank would not be located in the United States. Many popular offshore banks are located in Switzerland. There are a number of advantages to offshore banking, but there are disadvantages as well.

The biggest advantage of offshore banking is that you are offered privacy and stability. There are many individuals who place their money in offshore accounts for security purposes. When your money is in an offshore account, you can access it, but many choose not to. It is easier to access and spend your money if it is at a local bank. That is why a large number of individuals use offshore banking to help them increase their savings.

Another advantage of offshore banking is that just about anyone can open an account. The most common users of offshore banking are corporations, the self-employed, or individuals who wealthy. Offshore banks may have restrictions on the amount of money that is needed to

Credit Card Wisely

You must ask yourself “ Do I Need a Credit Card” Here are some things to think about…

For purchasing over the Internet is a real must to have a Credit Card as most of the time you will be asked for one. With the ever increased security nowadays it is very safe to purchase online as long as its from a reputable company.

You wont have to walk around with large sums of cash on you and take the risks that come with that. Taking a Credit Card on holiday or on business means you will not have to worry about exchange rates and getting local currency. Also for emergencies, cash withdrawals and spreading the cost of a large payment or that unexpected out lay. Credit Cards can be a real safety net if used correctly.

Some of the terminology used can be a bit confusing but here are a few pointers for you.

The APR or Annual Percentage Rate means simply the rate of interest you will pay on the balance outstanding.

Balance transfer means that if you have another Credit Card you can make huge savings by transferring you balance

Grocery Shopping

Grocery Shopping Suggestions:

* Eat before you go grocery shopping so you won’t be tempted to make impulse purchases.

* Don’t forget to buy the generic or store brand for those items where a brand name is not necessary: sugar, flour, toilet paper, paper towels, napkins, etc.

* Stock up on food staples when they are on sale.

* Buy store-brand cereal instead of national brands. If your household goes through a box or more per week, you can save over $100 per year by purchasing store brands.

* When buying pre-packaged fruits and vegetables for a flat cost, i.e. 5 pounds of potatoes for $1.88, actually weigh the bags and find the bag that weighs more than 5 pounds.

* Check out the price per ounce/pound/piece. Just because it is a big box, doesn’t mean it’s cheaper! Sometimes two smaller packages are cheaper than the big box. Compare prices ounce per ounce.

* Stretch the food that exists in your cupboards. I bet you have enough odds and ends to last you at least a week in meals if you’re creative. I have learned to make wonderful meals out of

Financial Boon

Banks started offering extra security measures and additional benefits on their usage from the beginning of the 21st century, more and more people are using this type of plastic money.

Credit cards are now considered as a boon. Their easy availability and hassle free use are changing its status from luxury to necessity. One can use them online or in person, in any part of the world. They have succeeded to bring the world closer and accessible in financial terms. Banks around the globe offer various types of credit cards as per their customers’ needs, financial background and credit report. Borrowers have to provide minimum documentation to get a credit card and these cards are approved as quickly as within a day.

Banks offer credit to its customers to purchase or to pay for their desired products. It’s like borrowing money from bank to pay for goods and paying it later in one go or by monthly installments i.e. EMIs. Banks charge minimum interest rate and processing fees on these cards. Some banks also charge card renovation fees every year. By having a credit card, you can pay for goods and services even if you don’t

Managing Risk in Financial

Broadly speaking there are four risks as per Risk Management Guidelines which surround Financial Sector i.e. Credit Risk, Market Risk, Liquidity Risk and Operational Risk. These risk are elaborated here under:

i. Credit Risk

This is the risk incurred in case of a counter-party default. It arises from lending activities, investing activities and from buying and selling financial assets on behalf of others. This risk is associated with financing transactions i.e.:

a. Default in repayment by the borrower and

b. Default in obliging the commitment by another Financial Institution in case of syndicated arrangements.

It is the most critical risk in banking and one that must be managed carefully. It is also the risk that requires the most subjective judgment despite constant efforts to improve and quantify the credit decision process.

ii. Market Risk

Market risk is defined as the volatility of income or market value due to fluctuations in underlying market factors such as currency, interest rates, or credit spreads. For commercial banks, the market risk of the stable liquidity investment portfolio arises from mismatches between the risk profile of the assets and their funding. This risk involves interest rate

Primer on Commodity Trading

One of the attractions of trading commodities is the potential for gaining large profits in a considerably short amount of time. Nevertheless, commodity trading is considered by most as being extremely risky since most investors tend to lose money. However, by performing your due diligence and determining whether the commodity that you’re interested in is either under- or overvalued, say if you want to go long or short, respectively, you may be able to minimize the risk involved in commodity trading. It may also help to have an experienced commodity trader by your side to guide you.

When you’re trading commodity futures, you’re not truly purchasing nor owning anything, unlike other types of investments, such as stocks or bonds. You’re simply speculating on where the price of a given commodity will be headed. If, after doing your research, you believe that the price of coffee is going to rise, you would purchase future contracts, or go long. On the other hand, if you were under the impression that the price of sugar was going to drop, then you would sell future contracts, or go short.

As was mentioned earlier, one can also purchase futures in currency

Year-End Financial Tasks

Here Frush shares seven of the essential year-end financial tasks revealed in his new booklet.

1. MINIMIZE CAPITAL GAINS: Capital gains taxes can significantly reduce total portfolio performance and increase your tax bill. As a result, harvest appropriate capital losses to offset against existing capital gains.

2. REBALANCE YOUR PORTFOLIO: Due to fluctuating market prices over the year, your portfolio and respective holdings may have changed. To ensure that your portfolio remains optimal – or aligned to achieve your goals and objectives – you may need to sell some investments and buy other investments with the proceeds.

3. MAXIMIZE RETIREMENT CONTRIBUTIONS: Consider increasing contributions to your retirement account – 401(k), 403(b), IRA or other, if permitted. The compounding impact from increased contributions will become quite sizable over time. Take full advantage of employer matching.

4. ESTABLISH AN EMERGENCY FUND: An emergency fund is used to protect against a loss of income as a result of layoff, disability or death. As a general rule, your emergency fund should amount to between three and six months of your average monthly expenses.

5. CONSIDER BUNCHING ITEMIZED DEDUCTIONS: If you are close to benefiting from itemizing your