How Payday Loans And Money Advances Function

Unlike all other loans, Payday loans offer you the cash without knowing the reason for which you are going to use the money whether for good or bad and Payday loans doesn’t need any documents.

Eligibility to Get a Payday Loan

• Person must be a permanent resident of that particular country 
• Your Age should be above eighteen years 
• Must have more than 3 months old bank account 
• Should have regular job earnings 

If you have all these abilities then it is easy to get the Payday loan. The requirements for qualifying to get them are low as they are designed to pay off in a shorter period. These simple requirements help borrowers to have a small amount of money quickly even though they are not eligible for other loans or other forms of credit.

The amount offered by the Payday loan is limited and depends on ones earnings. One can request any amount of money below the maximum. Payday loans bring instant cash to the borrower to meet his urgencies. They take a very little time to approve the borrower. After approving the borrower, same day payday loans will credit your bank accounts. It does not take more than 48 hours after approving the borrower. Payday loans are faster as they involve small amount. Smaller amount speeds up the process as it is easy to provide smaller amount. You need to write a postdated check to the next payday for the amount borrowed and the fee applied.

No one can expect when they are going to fall ill, meet with an accident, have car repair and many more and we don’t have ready cash to deal with it until our payday as they are our extra expenses. But, these need to be met immediately in this case these loans will help us. It is hassle free loan in which we can do everything online and through emails to get quick cash, instead of wasting our time moving all around looking for the possibility to get it done. You can apply from wherever you are and whenever you need. Payday loan acts as your savings as you can get whenever you need.

Payday loan expects you to pay the whole amount with the fees on the set day. Sometimes it is difficult to pay all at a time. Don’t worry you have other options also. You can repay part of it and roll over the rest to another date and you can also pay it off through installments to make it easy but, some fee is applied and you need to talk to the representative regarding this.

Payday loans are the best way to get cash fast and easy. Every loan or cash you borrow is a debt. So, while applying for the loan please think over it and avoid it. Unless and until it is very urgent and essential for you don’t go for it in order to avoid unnecessary debts. 

Save Money With A Yearly Business Cost Evaluation

(Photo credit: patrick h. lauke)

For a business to survive and be profitable it must keep costs and overhead down. There is something that occurs in all businesses called expense creep. It is the slow and progressive increase of a companies business expenses. It has as many forms as there are expenses in a business. Taking a yearly look at business expenses to see if they are necessary or if you are over paying for services is a necessary task to keep more money in your pocket.

Office Supplies.

Today we have many sources to purchase office supplies. It can be on the phone, a salesman coming to your business, the Internet, or your local Office Depot. Are you doing all you can to shop around for the best deal. 

Phone Service.

Your phone and Internet service are major costs to your company. Even if you are a small company, savings can really add up by reducing expenses. Check your phone and Internet bill, line by line, to see if any unnecessary services can be canceled. Phone companies offer special business class packages like 0845 phone numbers to help you save money.

401(K) Expenses.

It's commendable that you offer your team a 401(k) retirement plan. But you should be careful that you do not over pay for the administrative costs. They can unusually be high, which may make the plan to expensive to continue. Why not shop around and check what other companies are charging for running your plan. 

Insurance Costs.

This a major cost to any business. A business has to deal with many kinds of insurance. Your business has many types of assets to insure. There is also liability insurance for your products and services. It pays for you to do a yearly audit of your insurance to see if costs can be cut. Insurance is one of the easiest expenses to relocate to a cheaper provider. Insurance companies provide package deals and new customer discounts. Take advantage and shop around.

And that's not all. Here are 5 more ways to save money in your business.

• Postage and shipping in bulk and contract discounts.
• Upgrade old and high maintenance computer networking gear.
• Set up systems to avoid paying late fees on bills.
• Be sure your purchasing office always buys in bulk with the greatest discounts.
• Evaluate your in house services and outsource your business needs to keep expenses down.

You can probably add many more ways to save money in your business. We are so busy as business people trying to bring money in that we neglect keeping an eye on the ways we can reduce costs and save money.

How to Use Credit Cards During Retirement

 (Photo credit: Wikipedia)If someone told you ten years ago that they paid $60 to fill up their gas tanks, you would have thought they were crazy, or that they were filling up 40 gallon drums, not vehicle tanks. But with the national average cost of one gallon of gas hovering just under $4.00, it's not at all uncommon to hear about people paying $60, $70, and even up to $100 to fill up their tanks.

Boy, have times ever changed.

But there is a way to make the most of the rising cost of gasoline — credit cards with gas rewards. Ben Brockwell, a director at the Oil Price Information Service, says that "approximately 80% of consumers are using credit cards to pay at the pump, and that figure will increase if gas prices continue to rise."

Many credit card companies now offer cash-back or reward programs for gas purchases, whose savings are better even than the discount many gas stations offer for customers who pay with cash.

Retirement comes with its fair share of benefits, but even retirees aren’t safe from rising gas prices. After a lifetime of using credit, most retired people don’t have a problem with credit, but a gap in your credit history will drive your score down, and you don’t want to be turned down when trying to buy that new RV or boat you’ve had your eye on for 20 years because your credit score has been slowly dropping.

Instead, consider getting a gas credit card, which will keep your credit score steady, and can help you save for the important things. Here are some of the best options out there:

Pentagon Federal Credit Union Platinum Rewards card: This credit union pays 5% cash back on all gas purchases. That adds up. Even better, the card doesn't charge any annual fees, though consumers will have to shell out $15 to join if they don't qualify for membership in the union.

American Express Blue Cash Everyday card: The Blue card doesn't pay quite as handsomely as the Pentagon card, but still gives 2% cash back for gas purchases, and is typically easier to obtain. American Express cards usually have annual fees, though, so be sure to read the fine print.

Costco / American Express TrueEarnings card: Members of warehouse clubs like Sam's Club and Costco save on gas just for being members (in most cases) but some clubs have credit cards that pay a percentage cash back for all gas purchases. Costco's TrueEarnings card, for example, pays 3% on all gas purchases up to $3,000 and 1% after that.

Brand cards: Shell, Exxon/Mobil, Chevron, Valero, and almost any other major gas chain also have gas reward cards as well. With any of these cards, however, be very aware of the interest rate, which generally ranges from 17% to 27%. If you decide to go with one of the brand cards, pay your balance in full each month to avoid the steep interest charges.


This is a guest post by Eliza Morgan who is a full time blogger. She specializes in writing about business credit cards. You can reach her at: elizamorgan856 at gmail dot com.

Graduating With A PhD - No Longer Guarantees You A Job

 (Image credit: Getty Images via @daylife)

Watch out college students seeking PhDs, your degree no longer guarantees you a job. Even the benefits of multiple degrees won't put a paycheck in your hands. Most likely you may soon be on food stamps. The number of PhD's on food stamps has more than tripled between 2007 and 2010 to 33,655, according to an Urban Institute analysis cited by the Chronicle of Higher Education. The number of graduates on food stamps and other forms of aid, from masters programs, has almost tripled during the same period to 292,029 according to the same analysis.

Overall, the number of Americans on food stamps rose 43 percent over the past three years to 46.3 million Americans as of February 2012, according to the Department of Agriculture.

College graduates with law degrees are seeking other lower paying jobs because law firms are just not hiring. Even tenured college faculty positions are being cut back in favor of lower paying adjunct faculty positions.

Between cut backs in state and private job markets and a down economy more than 5,057 janitors jobs are filled by PhDs degree graduates, looking for work.

Which States Have The Most People On Food Stamps?

1. Mississippi:

Percentage of Population on Food Stamps: 20.7 percent

Annual Change in Food Stamps from 2010: 8.4 percent

2010 Total State Population: 2,967,297

2. Oregon:

Percentage of Population on Food Stamps: 20.1 percent

Annual Change in Food Stamps from 2010: 9.6 percent

2010 Total State Population: 3,831,074

3. Tennessee:

Percentage of Population on Food Stamps: 19.8 percent

Annual Change in Food Stamps from 2010: 17.9 percent

2010 Total State Population: 6.2 million

4. New Mexico:

Percentage of Population on Food Stamps: 19.8 percent

Annual Change in Food Stamps from 2010: 17.9 percent

2010 Total State Population: 2,059,179

5. Michigan:

Percentage of Population on Food Stamps: 19.7 percent

Annual Change in Food Stamps from 2010: 11.4 percent

2010 Total State Population: 9,883,640

6. Louisiana:

Percentage of Population on Food Stamps: 19.2 percent

Annual Change in Food Stamps from 2010: 7.5 percent

2010 Total State Population: 4,533,372

7. Kentucky:

Percentage of Population on Food Stamps: 18.8 percent

Annual Change in Food Stamps from 2010: 5.9 percent

2010 Total State Population: 4,339,367

8. West Virginia:

Percentage of Population on Food Stamps: 18.7 percent

Annual Change in Food Stamps from 2010: 2.4 percent

2010 Total State Population: 1,852,994

9. Maine:

Percentage of Population on Food Stamps: 18.6 percent

Annual Change in Food Stamps from 2010: 8 percent

2010 Total State Population: 1,328,361

10. South Carolina:

Percentage of Population on Food Stamps: 18.2 percent

Annual Change in Food Stamps from 2010: 7.1 percent

2010 Total State Population: 4,625,364

Food Stamp Assistance Program Data

According to the USDA, we are approaching 50,000,000 people using the food stamp programs benefits. This assistance came at a cost of $71,813,402,544 for FY2011.

Learn The Stock Market Without Losing Your Money

This is a Sponsored post written by me on behalf of Smart Stocks. All opinions are 100% mine.

 

The stock market is a fascinating place to many people because the lure of making a quick fortune. Yet in reality the majority lose most of their money before they even catch on how the market functions and how difficult it is to show a positive return. If there were some way to get some hands on training before jumping in with real money. The website that does that is called Smartstocks.com, there they have a virtual stock market game.

 

On this virtual stock market you can buy and sell stocks just like at the real stock market. Here you buy and sell real companies and you're given $1,000,000 to get you started. As in the real market your virtual portfolio rises and falls as if you own the actual stocks.

 

As your learning to invest and develop trading strategies you are not alone. There are many other investors using the virtual trading game. They form groups where they discuss investing and you can join the groups to swap trading war stories. You will find others there, like yourself, who are trying to hone their trading skills. Already there are many trading groups of friends and classmates discussing the stock market. Many colleges and business schools are using Smartstocks.com to learn the basics and get some hands on training. 

 

Smartstocks.com ranks all investors and keeps track of who is doing the best. They are ranked by groups, your own or others. You can see the top 100 investors or the bottom 100. When checking out the rankings of others, a little competition starts and it makes it all the more interesting.

 

I signed up for a free account and did some stock trading. The interface is easy to navigate and very easy for the new investor to use. Smartstocks.com is keeping track of my portfolio and showing me my gains and loses daily. I haven't spent all of my million dollars yet because I'm still looking for some bargains. That's my trading strategy and trying it out in a virtual stock market takes away all the stress and leaves only the fun. 

 

For the beginner, the stock market can be confusing, Smartstocks.com makes learning easy and they even have interesting videos teaching core concepts. 

Baby Boomers Spending More Cash On Their Family, Than On Their Own Future

 (Photo credit: Tax Credits)In a study, released today by Ameriprise Financial, 93% of Baby Boomers have provided financial support to their adult children and 58% have assisted their aging parents.

This is a subject that I can relate to and confirm in my own life. I have parents in their 80's who do not suffer financially or health wise, thank God. But I do have the adult children side of the problem. With three in college, thankfully almost done, it has been a strain on our finances. As the study confirms the casualty of this financial help is my own retirement plans.

My income has suffered, along with many others, because of our country's economic problems. This left us scrimping and budgeting like never before. We find it difficult to save for retirement at a reasonable rate. It will definitely effect us when we are in retirement.

The study also reveals, in 2007, when the original Money Across Generations study was conducted, 44% of boomers claimed they were trying to grow their savings. Now only one in four (24%) say they’re putting away money for the future and just as many (24%) report simply trying to maintain what they have.

Many boomers have to assist their parents financially. More than half (58%) report assisting their aging parents in some way, including helping them purchase groceries (22%) or pay medical (15%) and utility bills (14%).

No one can ever say Boomers are not generous people. The Money Across Generations study says most boomers surveyed (93%) say they have provided some kind of support to their adult children. A majority have helped them pay for college tuition or loans (71%) or helped them buy a car (53%). Many are also helping their kids pay for car and health insurance, as well as cover basic expenses like rent, utility and car payments.

Impact on their retirement goals

Only 10% of boomers admit that helping their parents has slowed down their retirement savings, while one-third (34%) feel the same about the support they’ve provided their adult children.

If the Boomers aren't digging into their retirement accounts, then where are they getting this cash to help their families? Most say they are just using their income and normal cash flow. Unfortunately, they are short changing their own retirement savings plans which will only come back to bite them when they are well into their retirement.

But the problem for many boomers is that they may not have a choice in helping their families. Health care costs for their aging parents are on the rise and what child would turn down a parents request for help.

During this time of year when many college students are graduating they are finding a shortage of jobs. This is forcing many of our children to come home. With no means of support, mom and dad have to step up with financial support and even help paying back college loan debt.

Boomers are generous and do not mind helping

Despite uncertainty around meeting their own financial goals, a majority of boomers (86%) say that if they had to do it again, they would still support their adult children financially. Meanwhile, 20% express guilt about not being able to provide financial assistance to their adult children who currently need it.

What's a parent to do? Is it our job to offer unconditional financial support which can devastate our own goals and plans? It's hard to say no to a family members request for help. Part of any discussion of financial need is first the boomer should talk openly about how any financial help would effect the boomer's plans and goals. By putting all the cards on the table the party in need of help may learn their request will cause negative repercussions down the line for the other party. Openness is the key to any for any financial discussion.

Link to original discussion at Ameriprise.com

Baby Boomers Dole Out Cash to Family Members Despite Uncertainty About Their Own Financial Future