Chasing dollar…..always

Archive for December, 2010

Can you avail 0% APR for years?

How you wish that you could enjoy 0% APR for years to come! The primary benefit of a 0% APR credit card is the introductory 0% APR interest rate. You need to choose the best card for yourself so that you can reap its benefits always. Don’t know what you should do to have that constant low APR? Read on to know.

  • Many consumers are misled because they don’t care to read the small print. Read each and every point carefully to ascertain what offers you are getting. In particular, read the clauses that differentiates between purchases and cash transfers.
  • Stick to the agreed credit limit as it is written in the agreement. Never exceed this balance limit or you might incur extra charges.
  • Make sure that you are always paying the minimum charge in full. It is best to set up a direct debit with your bank and make the payment electronically from your account each month.
  • You can be charged late fees if you do not pay on time. Therefore, always pay on time. If you are habitually late in making your payments, is can add up and eventually pose problems for you.
  • Are there any extras in the agreement? Read everything properly in the fine print. Some companies make an annual charge to offset the 0% APR.  If you are paying this annual charge, you are practically not getting a 0 APR card.
  • Issue a new low interest 0 APR credit card to which you can transfer the balance of your present credit card. It’s not necessary that you enjoy the benefits of 0 APR credit for 6 months or 12 months only. You can avail these benefits for years to come. Join an internet forum that deals with these matters to keep yourself updated.
  • Transfer the balance of your existing credit card to your new credit card in full and on time. Allow for time to process the balance transfer and the paperwork involved. Make sure that the opening balance allowed on your new 0 APR credit card is the same or exceeds the balance that you are transferring from your existing credit card.

How can you save more money every month?

One problem that you often seem to face is saving money. You just can’t seem to save enough for yourself. Every month you make a determination to save a little more the next time, but you always fall short of your target. Well, don’t worry! You are not alone; almost every second person seems to have the same problem. If all this is making you feel that saving money is a tough task, you are wrong. Read on to know how being a little determined can help you reach your goal month after month!

Before you start, keep this thought in mind that saving as little as $25 weekly can change into $100 at the end of the month!

1) Determine how you are spending your money. Keep a notebook and write down every time you spend your money on something. This way you will be able to keep track of your expenses and this will help you to know how you can weed out unnecessary expenditures.

2) Cut down on your cable TV viewing and try out an economical package on the cable offer which is wallet-friendly.

3) Cut down on your monthly telephone bills by sticking to just one phone. Never use more than one phone; these days youngsters usually keep a number of mobile phones. Keep a tab on that.

4) Be a little responsible and reduce your household energy costs. Most people use more energy that what is required. Use it as discreetly as possible.

5) Just because you have a car does not mean you have to use it every time you step out. Cut back on petrol costs and instead walk small distances. This will keep you and your environment healthy, too!

6) If you are in credit card debt, it is very important that you clear your higher interest rate cards first.

7) Refinance your house using a slower engagement; this can save a decent sum every month.

8)  Get your insurance policies reviewed

9) Plan out a budget and stick to it. This will greatly cut your expenses and help you to save money.

10) Most of us spend a lot eating in restaurants. Stick to home-made food. Besides saving money, it will also make sure that you are having healthy food.

These steps will work for you only if you are serious about saving your hard earned cash. Devise a foolproof plan and you will be well on your way to secure your financial future!

How can you avoid debt settlement scams?

Debt settlement companies have mushroomed all over the world promising you to pull you out of your hefty debts easily. In such a scenario, many people are doubtful of the authenticity of their services because more often than not, most of these companies turn out to be scams. Sure, there are genuine settlement companies out there to help you out, but you have to be careful before enrolling yourself with their services.

If you want to be sure that you are not falling prey to a scam debt settlement company, then you just have to keep a few simple points in mind. Read on to know.

1) Most of the scam companies would misinform you about the services that they offer. They would ask you to sign up with them instantly and then they will put you under extremely long programs to clear your debts. A genuine debt settlement company would study your financial situation properly and then decide the best program for you.

2) One of the most important points that you should keep in mind is that fraud debt settlement companies will ask you to sign up with them over the phone without any enrollment fee. In case you enroll with them, you will likely fall into more debt because they will squeeze out more money from you but will do nothing to alleviate your debt problems.

3) If you see that the company is not responding to your questions, then you know that you have to bid them goodbye. They do this because they are obviously trying to hide something from you. On the other hand, a good debt settlement company would always want you to be informed before you sign up. Find out every minute detail possible about the company.

4) Ask for references. Talk to the previous clients of the company to know how their experience was. Do not sign up with the company until you read all their terms and conditions properly, including the fine print.

5) Check with the Better Business Bureau (BBB). A business registered with them would be a genuine one. If the company is registered with them, you can safely sign up with that company.

So, do your homework properly and you will reduce your chances of getting scammed. Do your own investigation in order to make sure that you choose the right debt settlement company for yourself.

How can Budgeting Software help you?

The cost of living has steadily increased over the last decade.  It is very important today, therefore, to put a check on extravagant lifestyle and figure out one’s budget. Of course, you do not want to find yourself bankrupt, so start to take care of your finances from today itself. And the best way to do it is by budgeting.

To help you achieve your objective, you can start with the use of home budgeting software. It is simple to use and helps you to make a budget and keep track of it. It is easy to get access to such programs over the net. What’s more, it can even send you alerts if you overstep your budget! So you have a thorough track of how much you are spending and how much you need to curb. If you do not have access to the net then you can opt for programs which are not web-based.

To check if the software is suitable for you, you can download it for free. Keep in mind a few features of the software. Check if it’s too complicated; choose the one which can easily categorize your expenses according to the budget. Some even have the feature to connect to your bank accounts so that you can keep a track of your withdrawals. Check all the tools and see whether you can customize it to suit your own needs.

The salient feature of the budgeting software is its ability to generate a report. A quick report would help you to review your expenses and make necessary changes in your budget. Your needs change from time to time so the software should be a one which can be easily customized.

So shop around to find budgeting software which best suits your needs and keeps a continuous tab on your financial health!

Say no to bankruptcy with five simple but effective steps

If your financial life has taken a blow recently and you think that bankruptcy is the only option available, think again. Thousands of people have become victims of bankruptcy after the recent global meltdown, however that should not give you any reason not to fight back your shabby financial condition. You can avoid bankruptcy by just following some simple steps, read on to know how you can go about it.

1) Live within your budget: The formula for this simple; if you can’t afford something with what is there in your wallet you better do not buy it at all. Living within your affordability will help you to avoid debt. Focus on your needs rather than wants and purchase only what you really require. Then you will surely be surprised at the amount you save up.

2) Understand the difference between an asset and a liability: This is very important to help you make informed financial decisions. For example, many people take a car to be an asset when in reality it is a liability. The car will begin to lose its worth from the moment you start using it.

3) Money backed by collateral: If you are borrowing money that is backed by collateral, be sure that you have a long term and a short term strategy in place to clear your debt repayments. If you are not careful here, you can end up incurring a huge debt.

4) Save up enough cash to cover your basic needs: Yes, build up an emergency fund. A fund like this can bail you out of a major financial crisis. You do not want to borrow money from somebody when you are already in need of it badly, in such situations an emergency fund can be the best solution.

5) How about working more? : If you really want to save more money, you can find a second or a third job. If you are married, you can ask your partner to do some part-time work from home. The means are endless, you just need to be creative and come up with new ideas so that you can paint a better financial picture of yourself.

Keep these points in mind and you will do good to prepare a solid financial foundation for yourself. What’s more, it will also help you develop discipline in your financial life and help you avoid bankruptcy!