Archive for the ‘Credit Cards’ Category

Frequently Asked Questions About Credit Cards for Small Businesses

August 8th, 2009 admin No Comments »

Do you run a small business or a home based function? If yes, have you considered applying for a business credit card? This article present the most frequently asked questions about credit cards for business. Take a look and see how this credit card can help you:

How can a business credit card help in managing my small business?

Keeping your business financing separate from your personal budget is very important. Some home business entrepreneurs may prefer to use their personal credit cards in buying public securities for their shop but in the long run, doing your inventory and auditing can become complicated and time-consuming.

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Tags: Asked Questions, Frequently Asked, Frequently Asked Questions, Small

Excuses for Not Saving Money

August 6th, 2009 admin No Comments »

So, you open up your bank account, and you find you’re on the verge of having nothing at all.  Why aren’t you saving money?  Are you making up excuses, or are you just a spend-a-holic?  No matter what kind of habits you have, you should always save money, and experts say it should be at least 10% of your take home per month.

You don’t make enough

If you’re sitting back, and you’re saying that you don’t make enough, that’s crap!  If you’re living on your own, and you’re paying your bills, there’s no reason you can’t treat your savings like a bill.  Even if you save $50 a month, it’s all going to add up in the long haul.  Always make an attempt to save a few dollars each month.

Keep forgetting about it

Like cleaning the house, or getting the mail, some people just keep putting it off, until a few weeks later, everything piles up.  The same goes with money savings, but instead of months, this can be years.  You’ll look down the road 20 years from now, and if you don’t have a savings, how are you going to retire?  You don’t want to be working at a Wendy’s when you’re 82 years old.  Yes, you have to live for the now, but also prepare for the future.

You have to live in the moment

Yes, I know you have to live you life for now, but when you’re getting old, and you don’t want to work anymore, how are you supposed to keep working?  I know you’ll look back, and you’ll wonder, “Why didn’t I save back then?”  You’re going to kick yourself for not doing so.  Make sure you think toward the future, because you’ll thank yourself later.

Being uneducated with your finances

So many people don’t know how to make money on their money, and they have no idea how powerful interest can be.  5% on your money can add up really fast over the years!  Use simple calculator like this one at , and play around with it.  You’ll see how fast the money can grow.

Having stupid investments

Sure, some investments can be great like a home, but if you have things that you think that are worth money in the future, you may be wrong.  Don’t think that when you can retire, you can just sell off your baseball cards for thousands of dollars.  Instead of dreaming, you have to look at the facts, and never based retirement off goods besides your house.

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Tags: Money, Saving Money

Online credit card dealings may dip after new PIN systems

August 5th, 2009 admin No Comments »

Online credit card transactions may see a dip in August as only 20-30% of online credit card users have signed up for the second personal identification number (PIN). But, banks are expecting a pick up in the numbers as they have started sending out SMS and email alerts to their customers in the past few days.

An ICICI Bank spokesperson said: “We have started sending out email and SMS alerts very recently and are receiving a self-same valuable reply for registry from credit card customers as there are no exceptions to the RBI guideline.” ICICI Bank has 20 million registered users for internet banking.

Interestingly, the number of active, online credit cards users is estimated at 4-5 million out of 30 million credit card customers in India.
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Tags: Credit Card, Online Credit, Online Credit Card, Pin

Bad Habits That Lead to Debt

August 3rd, 2009 admin No Comments »

Everyone knows that bad spending can lead to debt, but if you’re good with money, you won’t get into debt.  Well, sometimes a mis-informed person can walk down the wrong path, and before you know it, he or she is swimming in debt.  So, how can we avoid debt?

Always make a budget

No matter what you do, always have a budget each and every month.  If you have to, post a budget on your refrigerator.  You don’t want to go by memory, because you’re always going to forget about some of those pesky bills.  If you have no budgets, you can kiss your money goodbye.

Fix your credit report

If you received your credit report lately, and you did notice an error, make sure that you get that fixed!  Many people believe that you can’t fix an error within your credit report.  The quicker you fix it, the better off you’ll be with your credit score.  Remember that your credit score helps with your mortgages, and loans.

Using your credit card like cash

If you’re bad with credit cards, you may want to consider getting a .  If you can control your spending, you’ll find that it’s a lot easier to avoid debt.  Most people know if they are an abuser of credit cards or not.

Always create an emergency fund

If you don’t have an emergency fund, this should be the first thing that you work on today.  An emergency fund should consist of at least 6 months of expenses.  If you need $2,000 to survive each and every month, make sure you have $12,000 saved up for that rainy day.  If you lose your job, or something else happens, you’ll be able to have a good cushion.

Know how to pay your bills

This can sound really stupid but if you have a lot of debt, don’t just throw money at each one.  Instead, work at the highest interest rate first, while paying the minimums on the rest.  If you can, try and get a balance transfer on one of your cards at 0%.  This can save you a few hundred dollars each month.

Being late on payments

Whenever you get a bill, make it a habit to pay the minimums at least.  If you can’t do that, you want to try your hardest to pay off that bill.  The longer you wait, the harder your credit score is hit.  The worst thing that you can do is being late.  If you can avoid this, your credit score will thank you!

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Tags: Debt

Get Out of Debt Forever

July 31st, 2009 admin No Comments »

Ah, you read that title, and think to yourself, “How great would that be?”  I could be out of debt forever, and I would never have to worry about another call, or credit card bill again.  While it sounds great, it can happen, and I’m going to give you a few tips that you can use in order to fight that debt for good!

Say no to debt for good

Instead of using a credit card, resort to your debit card, or use a prepaid card.  This way, you’re going to be able to spend what you have.  Just like a gift card, you’re only going to be able to spend what’s on the card.  The same will work with a prepaid card, and debit card.  Since it’s linked to your bank account, or deposit, you can’t go over the balance, which is good for you.

Write out a budget

If you don’t have a budget, you’re not going to know where you’re money is going.  Right now, I want you to write out a budget, and know where each, and every dollar is going every month.  This way, you’re not going to be surprised with bills, and it will allow you to save money a lot easier.

Get those credit card rates down

Did you know that you can negotiate with the credit card companies?  Call them up, and ask them for a lower rate, and see what they can do for you.  If they don’t give you that lower rate, try applying for newer cards, or if they do, every percent can save you hundreds over the years.

Don’t stop now

Once your debt is paid off, keep the pattern going.  Instead of resorting to old habits like people do with weight loss, continue to keep this up.  Sooner or later, you’ll find that you’ve made a habit, and you’ll never know what the word “debt’ means again!

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Tags: Debt Forever, Forever

How the Bowflex Saves you Money

July 29th, 2009 admin No Comments »

Whether you’re in debt, or you’re strapped on cash, sometimes bigger purchases make sense when it comes time to purchasing one.  For instance, today, I wanted to show you how the can save you money over the next couple years, and yes, I know it’s a big purchase.

Know how the Bowflex works

First, if you don’t know how the Bowflex works, I wanted to give you a quick lowdown on how it works, and how you can benefit from it.  The Bowflex is basically a home gym built into one that you can use in the comfort of your own home.  With a few different models available, the prices can range from a  few hundred dollars to as much as a few thousand.

The Bowflex allows you to do over 30 strength exercises.  Not only that, it includes a horizontal bench press, and a lat pull down.  It also comes equipped with sliding seat rails, and provides as much as 210 pounds of resistance via the Bowflex power rods.

How can this save me money?

You’re probably wondering how this can save you money.  You have to first look at it like this.  If you’re currently going to the gym, let’s say that you’re paying $30 a month, and you’re bringing your spouse as well.  That’s a total of $60 a month.  If you go for the whole year, you’re spending $720!  You can see that it adds up fairly fast.

If you purchase a nice machine for let’s say, $1,000, you can re coup that money after 1 and half years.  After that 1 and half years, you can be technically going to the gym for free.

Now, you’re probably saying that it isnt’ the same, but working out at home has it’s upsides, and downsides.  Sure, it’s nice to get out of the home here and there, but it’s also nice to save money.  If your game is saving money, I would heavily consider getting an .

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Tags: Money

Building Your Business Credit through a Secured Credit Card

July 27th, 2009 admin No Comments »

Secured business credit cards are designed especially in quest of business owners with bad credit history or haven’t yet established a business regard. Let’s discuss the basic points about secured credit cards and how it can help you in running your small business.

Basic Details about Secured Business Credit Cards

Compared to issuers of standard credit cards for business, issuers of secured cards are more lenient with their standards. To make up for the risk of having bad credit history or no credit, an entrepreneur must submit cash deposit in his/her account. Usually, the amount of cash deposit submitted will also determine the value of the card holder’s credit limit. Thus,

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Tags: Business Credit, Card, Credit Card

Living with Poor Credit

July 26th, 2009 admin No Comments »

Poor credit hurts us all, and if you’re a victim of it, that’s okay, because I’m going to show you some tips on how you can live with it.  Money isn’t everything, and it’s not going to be the end of the world.

You’ve hit rock bottom

Yes, you’ve hit rock bottom, and the only way to go from here is up!  If you keep thinking about this, it shall only make you feel better.   The harder you work at fighting your debt, and improving your credit score, the better you’ll be in the future both mentally, and financially.

You have to think positive

If you dont’ think you’re going to get out of debt, you’re not, but people that think negatively are always going to go down this path.  Instead of feeling sorry for yourself, pick yourself up, and find ways to fight off your debt.  Thinking positively is the only way to go when it’s time to fight off debt.

Watch your spending

If you can use cash for just about everything, you’re not only going to help your finances, you’re not going to rack up more debt.  The more you stay away from debt, the better it’s going to be for you.

There’s always the future

Instead of living for the future, think of what you can do now to make yourself feel better.  Why are you stressing out over things you can’t control?  Make up a game plan, fight off your debt, and trust me, you’ll be living a lot better in the future.

Debt hurts everyone, but don’t let the stress ruin your life, and health.  Instead of worrying, work hard at helping your family, and killing those credit card bills.  By doing this, you’re only going to make your life a lot better!

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Tags: Credit, Poor Credit
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