How to Build Your Child’s Credit

How to Build Your Child's CreditWhat can you do if you want to give your child a head start by helping them to build good credit from the beginning? Can you open up accounts in your child’s name, build that credit, and still protect your child from potential identity theft?

Where to Begin

A gift of excellent credit is one of the best things that you can give to your child. There are a few ways to help your child create a great credit report including the following:

  1. Allow your child to become an authorized buyer on your credit card. Even though you will be responsible for paying for all purchases, you will help to build your child’s credit when paying off all balances in full. This is one of the easiest ways to show your child how to handle credit responsibly as well.
  1. If your child is old enough, you can cosign on a credit card for him or her. All people under the age of 21 must have a cosigner according to the law, so this is the perfect opportunity to help your

The Benefits of Saving From Piggy Bank to Savings Account

savings, money, annuity insurance, retirement and people concept - close up of senior woman hand putting coin into piggy bank

As children, many of us began saving by plugging our pocket money into a piggy bank. It’s a good early lesson in money management, but as adults, it’s necessary to do more than just stash your cash under the bed.

But before starting to put your hard earned money into a savings account, you should first pay off any significant debts you may have. This is because the rate of interest on loans is generally higher than the maximum interest on savings accounts. Therefore it makes financial sense to pay off these debts before starting to save.

The one exception to this rule is the student loan. According to Student Finance Direct: “All student loans accrue interest which is linked to the rate of inflation in line with the Retail Prices Index. This means that in real terms, the amount you pay back will have broadly the same value as the amount you have borrowed and no profit is made on

The Benefits of Saving Money

The Benefits of Saving MoneyYou don’t need to have a degree in Economics to understand this concept. It has been around since money was printed. It is a simple concept, however a very tricky one as well. Saving money in times of economic struggle is very important. But it can be the most challenging one. You never know if you will be the victim of a layoff or simply hours getting cut at work. Having a nest egg that will help you survive the troubling times that could happen is the smartest move you can make. The benefits of saving money are:

1. Safety net- On those rainy days when you have very little in your bank account, a safety net is necessary. When you need to have some way of getting money if you loose your job, having that safety net comes in handy. There are many benefits of saving money if you know do it correctly the first time. When you save money, you can be less stressed and paranoid about everything.

2. Open options-

Playing Risky Business with Credit Cards

You accept credit card, right? Well, you probably do, and you probably know the issues that can arise from accepting them. While debit cards are now equipped with safer features, credit cards are not, leaving all merchants at risk. Accepting credit cards is risky, but it is something that all merchants should do. And while it is risky, there are things that we can do to help combat any issues that may come up.

While the majority of credit card transactions are safe, the few that are not wreak havoc on the entire industry. First, you have to deal with a chargeback, which is the result of a fraudulent transaction. This not only costs you the initial charge, but also a fee of up to 270% of that charge. This can put your business under quickly, if too many of these occur. After too many chargebacks, a mainstream merchant account provider could close your merchant account. To avoid this, a high risk merchant account is best for those who are prone to having fraudulent transactions, as they better understand the risks and issues involved.

There are also things that you can do. First, ask for

When to Finance Your Business with a Personal Loan

If you’ve been in business for a while, chances are that you are aware your business is a separate entity from you. As such, it’s only logical that you do not commingle its finances with your own personal finances.

But that’s rather by the book. In reality, there are numerous cases when your personal finances have to come to the aid of the business, especially when your small business is just getting off the ground.

What about a personal loan? Is it a good idea to use it to finance your business? Well, that depends on a few factors. Here’s when it’s okay to finance your business with w personal loan.

Just starting out

Banks and a few other lenders may not be willing to finance a small business loan. Even your bank is likely to be reluctant when to finance a small business. It definitely has a limitedfinancial history which is not good for the banking business.

In such a case, a personal loan is a great alternative. You just need a good credit score of anywhere from 640 ad you can qualify for a personal loan. But be sure to have

3 Types of Mortgage Brokers You Need to Avoid


In the past, there were not so many mortgage brokers available. There were only a handful of options available, so screening them was easy. However, given the choices available locally and online today, you might have a hard time narrowing the options down. This is why it is extremely important for you to screen the choices if you wish to end up with the best property. To effectively remove the choices that won’t help you, it is a must for you to remember what types of mortgage brokers you have to avoid.

  1. Not so many connections

The reason why you partner with a mortgage broker is you want someone who will connect you with different possible options. You don’t want to be limited. They must present you with lending companies that are suitable for you. When the choices are limited, you might be forced to partner with someone whom you are not comfortable with.

  1. Difficult to work with

You will know right from the start if you are partnering with a mortgage broker who is easy to deal with. This person will gladly answer your questions,

Dangerous reversals

Every trader in his career has repeatedly tried to find something to catch the bottom or the very peak of prices, which will turn the long-term trend. Log in at the top of the market and increasing the position with each new penetration level, earn a fortune – a dream of any trader. And when the price is trying to update yearly highs or lows, thousands of market participants around the world stand up against the trend in the belief that this time they will not miss her. But, as practice shows, in 90% of cases, these expectations are not met. Despite this, we never stop to look out for signs of a reversal to break a big jackpot.

The first dangerous signal for the trend is when price of currency pair could’t update its max or min. If it stops at the level of the previous one, it formed a double top or double bottom. For example, the uptrend remains to wait until the price falls below the previous low and strikes the base of the candle shape. This will be a strong signal for a reversal trend or a big correction. It also can help oscillators, such as RSI

Budgeting for Your Business: How to Do it Properly so it doesn’t Encroach on Your Personal Budget

If you have a small business, you know how important it is to plan your budget accordingly. But planning your business budget is quite a different matter from planning your own personal budget. There are vast differences and various factors to take into consideration when you are budgeting for your business. But if you want to learn how to plan your business budget in such a way that it doesn’t encroach on your own personal budget, then here’s what you need to know.

Take advantage of spreadsheets

Yes, spreadsheets are annoying – and use up a lot of your time as well. But if you don’t have your financial data set out in an organised, well-categorised manner, then you won’t be able to make sound financial decisions for your company. Use a spreadsheet for every expense, every transaction, and all income, and you will be happy when you helprealise how much easier it is to move forward and make a good decision based on your detailed listings and records.

Prepare for mistakes

Even if you consider yourself the best business owner in the world, you may still have

How to Start or Keep a Good Credit Credit Score

Most Americans wonder why they get denied when they submit their first credit application if they do not owe money to no financial institution. Would you be able to lend me ten thousand dollars without knowing me? No, right? That is why financial institutions have to use credit reports to evaluate customer’s credit behaviors.

Credit score is influenced by four factors: history of payments, length of accounts in good standing, inquiries, and types of accounts.

It is difficult to obtain history, length with accounts, or types of accounts when you do not have any kind of previous history. Most credit agencies will turn you down or denied your application because they do not know you. To start building a good credit score, you must establish a secured account. Some institutions call it “secure credit cards” or “secured loans.” Secure products will help you generate history with a credit institution with a low-cost and without risk of generating unnecessary debt. A secured account starts by initiating a savings account which will be taken “hostage” by the financial institution in case you do not repay the loan they will give you for the same amount on the savings

7 Tips For Saving Money

Everyone makes bad financial decisions from time to time, and a little help with saving money is always of good use. For example, a visit to the mall to buy one inexpensive item might turn into an unscheduled shopping spree. A plan to buy some small gadget can become a home technology makeover. Applying some frugal spending tips will help curb such money wasting impulses and help form new money saving habits.

Don’t shop on payday. A freshly cashed check can start burning holes in pockets before money for the monthly bills and savings has been safely put away. Just because payday produces a large amount of cash, that doesn’t mean that it should be spent in just any way. An uncontrolled day of shopping on payday may result in unpaid bills at the end of the month.

Don’t shop for groceries when you’re hungry. Buying food on an empty stomach is guaranteed to produce unnecessary spending; it’s an undeniable fact. Despite a well organized budget and a shopping list, hunger can take over and make you buy things you never normally would. Purchasing fast food on the way home from the store to squelch your

9 Top Tips to Saving Money and Clearing Your Debts Fast

Take Control Of Your Finances

1) Calculate, Calculate, Calculate!

The first step is to know exactly what its you owe and who you owe the money to. Be as open about it as you can otherwise there will be even more pain later. Your debt should not account for more than 20% of you monthly income. If it is, you are entering the danger zone and MUST take immediate steps to cut back.

2) Budget

Once you calculate exactly how much you owe you can devise a budget, including a schedule for repaying your debts. Be realistic and calculate what you can afford to repay and still stay within your budget.

3) Discipline

Don’t borrow any more money or take on any more debts until you have repaid what you already owe.

4) Daily Spending Control

Give your card to a trusted friend of family member (don’t include the PIN!) for safe-keeping. That will reduce any spontaneous spending splurges. Take a fixed amount of money out of the bank at the beginning of the week so you can only spend what you have.

5) Organize Bills

If you

Saving Money with Offset Bank Accounts

Offset Bank Accounts have been a huge success in the UK since they were launched in 1997. They work in a different way compared to traditional bank accounts – offsetting allows you to set your assets against your debts, so reducing the amount of interest you have to pay on your debts.

The key to offsetting is savings. If your savings are small or intermittent, you may not be able to make the most of your Offset Bank Account. Most mortgage advisors suggest a borrower needs ten to twenty percent of savings to benefit from offsetting. For example, savings of £20,000 and a mortgage of £200,000. When you offset the savings against the mortgage, effectively combining the two, you’re left with a net mortgage debt of £180,000, and you only pay mortgage interest rates on £180,000. Therefore your money works harder for you because you can reduce your debt quicker. What’s more, offsetting is only a temporary financial calculation rather than a real movement of money.

Mortgages are usually used as an example of offsetting, as a mortgage is normally the largest financial commitment most people make in their lives. Nonetheless offsetting can be applied

5 Ways For Students to Save Money Over the Summer

Whether you are attending extra classes, working, or taking time off, you are likely to incur some different expenses during the summer months than what you are used to. Since we can all expect daily expenses (like gas and even food prices) to go up significantly this year, now is a good time stay mindful of ways to save money. Here are a few suggestions to help get you started.

1. Stay on budget for the summer.

It is important to avoid losing control of your spending during this time. That means staying on budget, and knowing how much you will be spending before it occurs. This is particularly true if you are participating in something new like a study abroad trip or summer internship. If you already have a monthly budget, take the time to see what adjustments might need to be made. If you don’t have a monthly budget, start one now.

2. Look out for earning opportunities.

Traditionally, summer has been a time for struggling students to try to make some extra funds. This is as true today as ever. Even if you don’t know how much time you’ll have

5 Benefits of Saving Money After Bankruptcy

While filing bankruptcy in the first place may not have been because you spent too much, saving money after filing is perhaps the best decision you can make. While it may seem obvious that overspending after a bankruptcy is unwise, many make the mistake of falling into old buying habits with clean credit cards and more cash.

You may have some trouble getting a loan or credit card. It takes time to rebuild credit after bankruptcy. But it can definitely be done and you can start buying soon enough. The only problem is that some take this to the extreme. Saving money is the answer. This article says saving money can be a challenge, but it’s one you have to take.

Don’t Make the Same Mistake…
What got you into the problem that caused you to file for bankruptcy? In other words, what did you spend money on, what medical bills did you get, what interest rates did you face, and what bills did you struggle with? Sometimes it’s not your fault you filed bankruptcy. You may have suffered an injury, received a medical bill for $40,000, and just had to file.

It makes

Saving Money During the Current Economic Climate

Even though there are some reports that fuel and food prices have actually started to drop during September 2008, the doom and gloom of recession is still hanging over the UK economy, forcing most to review their spending habits and devise novel, new ways of saving money.

Books extolling the rediscovered virtue of thrift and even one on ‘how to survive on a pound a day’ are being rushed into print as publishers seek to benefit from the UK public’s new found eagerness to cut their spending habits. Internet lifestyle sites are also turning their editorial towards ‘how to survive a recession’, and suggesting that the only way to get through the next few years is for the country’s populous to collectively tighten their belts.

As fuel, food, utility and housing costs have all risen sharply since the beginning of 2007 many UK citizens are struggling to stand still. Pay increases have been pegged at or below inflation for many workers and in real terms that makes them considerably worse off. As a result many in the UK are either cutting back spending on their supermarket shopping or moving to less expensive stores or brands,

Save The Earth And Save Money At Your Office

Making some small changes at your office or home-business can save you money you and benefit the environment.

1.- Sign up to receive Online Statements with your bank.

Some banks provide this service and you will receive your bank statement by email. This can save lots of trees.

2.- Use your email more.

Send your invoices by email. Quickbooks can be setup to do this easily. You can save on paper and postage expenses. Also, try to read your emails on the screen before printing them.

3.- Print on both sides of the page.

It may take a little effort to get used to doing this but it can cut your paper usage by half.

4.- Replace your regular light bulbs with compact fluorescent light bulbs.

According to the federal government, if every American home replaced just one light bulb with an Energy Star approved compact fluorescent bulb (CFL), the United States would save enough energy to light more than 2.5 million homes for a year and prevent greenhouse gases equivalent to the emissions of nearly 800,000 cars. Using motion sensor lighting is also a good idea.

5.- Turn

10 Ways for Moms to Save Money in the New Year

The New Year is fast approaching! Have you set your New Years resolutions? Is one of them to save money or pay off debt? I would like to share with you 10 Ways for Moms to Save Money in the New Year! Simple tasks that will help you reap the benefits for months to come.

1. Shop around for Car Insurance! Many companies out there have high rates and you may be unaware of the savings you are missing out on. I would recommend looking online as well as your local Insurance companies. You will also find you will receive cheaper rates if you have multiple vehicles on a policy.

2. Make a grocery list and stick to it. Before you run to the store look through your cupboards and come up with a list of the things you actually need. No impulse buying!

3. Use Coupons. This is a challenge for some. But you’ll find there are coupons for EVERYTHING. From developing photos online, to a meal at a local fast food restaurant, to groceries. There are also many coupon websites that will allow you to print off coupons that you know your

Three Reasons Saving Money in the Bank Can Be Extremely Risky

At a cash flow game meeting earlier this week, a discussion about bank CDs surfaced. Some people were claiming that a bank CD is safer than other assets (in this case, gold and silver). Their justification was that those deposits are insured by the FDIC (Federal Deposit Insurance Corporation). However, a saving account or a CD in the bank is perhaps one of the most riskiest moves right now because banks themselves are in a very risky position. We will discuss the various reasons why investing in a bank CD is considered a dicey move.

First of all, the banks have numerous derivatives of European sovereign debt, also known as credit default swap (CDS). CDS is basically insurance. Like car insurance, the insured pays the premium to the insurance company. In return, the insurance company will insure the owner’s car and they will pay the insured should a car accident occur. Banks (mainly the U.S. financial institutions) offer insurance to the European governments in the case of their default. In return, the insured nations will pay the premium to the U.S. financial institutions just like the aforementioned car example. However, this poses a problem because the

The Benefits of Belonging to a Credit Union

It’s a better time than ever to belong to a credit union. They have a long history of helping people establish themselves financially and improve their financial profiles. Through cooperative programs like the CO-OP Network ATMs, they also offer cutting edge convenience and security. Members get all of the benefits of dealing with a nationwide network while enjoying the personalized service they were built upon.

As they become more competitive in areas like ATM access and online banking, they may look increasingly like banks from the outside. But from the inside out, credit unions are unique. Instead of operating for the benefit of shareholders, as banks do, credit unions are owned by their members, for their members. When you join and open an account, you become a shareholder.

What this means, in practical terms, is that your membership offers you access to lower interest rates on loans, significantly lower fees on accounts, and higher rates on savings. Because they are not-for-profit organizations, any excess funds collected are returned to you, the shareholders, in the form of dividends.

They have been innovators in bringing the convenience of nationwide banking to their members without sacrificing the

Finance and God’s Retribution Against Cheats and the Wealthy

The cliché that money is the root of all evil has strong support in evidence. It is part of the World Order of Constantine, who is identified as 666. Many know that wealth and greed are anti-god but they don’t understand why? Few if any are interested enough to look back to the beginning of trade and how it was changed in the Roman Empire for imperial power and control. This Emperor stole his way to sole rule and among the murdered along the way were family members and their armies.

Romans were not interested in emotional stuff or spirituality. They had one goal in mind and that was to make everyone conform to their ways. Religion was a gift because through it people would do as they believed the god of their worship commanded them. Constantine knew this and from the start it is reported by contemporary authors, such as Zosoman, that he knew from the first what he had to do.

His background was as an Amorite and Islamic from Babylon. That city was home to the Amors who built Roma (reverse Amor). Their chief god was Mary, the sun-star, and the name