Archive for September, 2009

  • High Course Fees Make Student Loans Meaningless!>
    High Course Fees Make Student Loans Meaningless!
    Are you just out of high school and all enthusiastic about taking the plunge into college education? Congratulations! You must be very enthusiastic about Uncle Obama coming in with a $ 6 billion student loan package for funding your higher studies. Well, I don’t want to dampen your enthusiasm, but let me tell you that though the Federal money aid is well intentioned to help you out with your academics, it might prove to be a costly affair for you. These days, professional education comes with skyrocketed prices and you might be spending most of your initial earnings on repaying the loans. According to a Mint Student loans infographic, in collaboration with College, this year, a college fresher is expected to pay $148,454 including your public and private tuition fee, boarding  [...]
    at September 30th, 2009 at 06:09 am
  • Should You Make Money Investment In A Junk Recovery Phase?>
    Should You Make Money Investment In A Junk Recovery Phase?
    News of the fading recession might have made a few of us sigh in relief and made us hopeful of good times to come, but this has sparked off  the biggest debate the present times have ever seen and that is, if the recovery is going to be a lasting one. Though the stock values seem to have shot up the previous week, market experts are quite split over their opinions on weather this development is going to stay because it depends on how fast the economy recovers. Many of the experts are doubtful of the genuineness and permanency of the recovery. Market bulls feel that the recovery is for real. But you ask the bears and they’ll tell you that its not actually recovery in the true sense of the word, but a temporary bubble that is created by the government’s stimulation of money. According to  [...]
    at September 26th, 2009 at 01:09 am
  • Find Out The Best Payment Option For Your Financial Advisor>
    Find Out The Best Payment Option For Your Financial Advisor
    A financial advisor is your guru in finances who enlightens you on your path to financial prosperity. Many investors depend totally on the guidance of their financial advisors. Especially during the economically weak period you desperately need a financial advisor to cruise you to safety regardless of whether you want guidance in personal or business finances. When a financial advisor is such a vital person you should be aware of the most ideal way of paying him/her. If your financial advisor is happy, you’ll be happy. So take care that you pay him/her in the best possible way. Some advisors like to take their pay thorough session to session fee while others want to take their payments as commissions. The mode of payment is not actually as important as the amount paid but there’s no harm  [...]
    at September 25th, 2009 at 01:09 am
  • Tax Cheaters Hurry and Own Up, Otherwise Face Consequences>
    Tax Cheaters Hurry and Own Up, Otherwise Face Consequences
    Some of us want to earn money but don’t want to pay taxes on it. Parting with a sizable percentage of your income can be a painful thing, but paying the government its revenue is ethical. But ethics being a matter of personal issue, many people try to evade taxes by fraudulent means. The IRS has always been in search of tax cheats who’ve stashed up money in hidden overseas accounts. So how do these offshore accounts help you in evading taxes? They help in a couple of ways. First, tax on income that is not mentioned on your tax returns will not be taxed as the IRS will not be able to locate it. Secondly, you don’t have to pay taxes on the money that grows in these accounts because as it is, these accounts are hidden from the IRS scanner. Well, you want to save money as much as I do like  [...]
    at September 24th, 2009 at 01:09 am
  • Don’t Be In a Hurry To Buy Life Insurance Policy>
    Don’t Be In a Hurry To Buy Life Insurance Policy
    Life Insurance is the best way in which you can tell your family that you care for it! Many of us are covered under life insurance from various companies. Recently life insurance costs have soared up higher than ever in a decade. The agents are asking us to buy insurance now because according to them the prices will simply rise higher later. So what are you going to do? Follow the advice of the agent (which may be deceitful and done for business boosts) or just hang around and wait for the prices to fall? The life insurance cost hikes are an outcome of poor national economy. As is observed, we are out of recession and as the economy will improve, you’ll see the life insurance costs lowering down. As financial experts opine don’t take life insurance at all unless you really need it. If you  [...]
    at September 23rd, 2009 at 10:09 am
  • Should Personal Debts Be Restricted?>
    Should Personal Debts Be Restricted?
    Most of us have borrowed money for some reason or the other. There’s nothing wrong with debts as such because it helps in economic growth. You take a loan, invest it wisely, get returns and then repay the loan. There’s no healthier system than that. But when your loan goes beyond your repayment capacity, real problems crop up, for you. Surprisingly, many of us don’t see the logic that we shouldn’t borrow more than what we can repay or our calculations go wrong! This is the reason that its felt by financial experts that the loan sanctioned should be restricted or based on a number of categories like your salary, your savings, your credit history and other loans etc. These days with credit cards and store cards in abundance, taking debt has become so easy that it has become an indulgence.  [...]
    at September 23rd, 2009 at 01:09 am
  • Should Soft Drinks Be Taxed To Pay For Health Care Reform?>
    Should Soft Drinks Be Taxed To Pay For Health Care Reform?
    Chairman Baucus of the Senate Finance Committee is bent on making health care reform mandatory. Obviously there’ll be people amongst us who’ll not find it easy for paying up the premiums of the health insurance. If you don’t, you’ll have to pay a penalty. A middle class citizen might have to pay a penalty of $3,800 for not taking the health care insurance. Of course the government has thought out different ways to help even the common man to avail the insurance like the establishment of lending cooperatives that will help you in paying up your premiums and also in getting medical care and resources at subsidized rates. But these facilities can always be appended with other ways so that availing that mandatory bill is not that pinching on your bank accounts after all. As I was going  [...]
    at September 22nd, 2009 at 01:09 am
  • Do You Really Need A Personal Vehicle?>
    Do You Really Need A Personal Vehicle?
    Most of us own some vehicle or the other. Mostly we use personal cars, SUVs Limos etc. But do you know that though made out to be a necessity a personal car is not something that you can’t live without. Imagine, during this budgeting season, won’t you be doing better without having to make a vehicle payment? You can put that money to better use. You might argue that your employer does give you vehicle allowance but many times this allowance turns out to be much lesser than your actual expenditure. Let us take a look at the expenditures that you’ll have to put up with when you own a vehicle Garage costs- If you are staying in a rented apartment, you’ll have to pay the garage rental charges. Fuel charges are very high these days. Besides you really can’t avoid maintenance charges. Parts  [...]
    at September 21st, 2009 at 01:09 am
  • The Inhuman Face of Foreclosures>
    The Inhuman Face of Foreclosures
    As you and I know, foreclosure generally happens when the homeowner buys a property on a huge loan and cannot pay back the debt due to financial crunch and surrenders the property to the bank which puts it up on sale in the market. But in recent times, there have many uncommon reasons for foreclosure and the behavior of the mortgage lenders who’ve been taking charge of the foreclosed properties. Illegal Occupancy of Foreclosed Properties F you’ve been following real estate news of late, you might be aware of the Wells Fargo scam, where the Vice president of the company, Cheronda Guyton occupied a foreclosed property which consequently was not put up on sale. This infuriated the local real estate agents. You can read about the report on DS News. Well, the reason for the bank to have done  [...]
    at September 19th, 2009 at 04:09 am
  • Basic Salaries Up By 10 % For FTSE Despite Bad Economy>
    Basic Salaries Up By 10 % For FTSE Despite Bad Economy
    Its not all pay cuts and job losses, the directors of FTSE actually saw a 10 % hike in their salaries last year according to Finance Markets. The FTSE 100 had suffered huge losses last year, yet that did not affect the pay hike for their directors. The FTSE companies had almost one third of their value depreciated economically, but the salaries of employees was always on the rise even in the lean period. An annual survey conducted by guardian reports that the full and part time directors of the company shared about £1 billion between themselves. All this happens in the weakest of economic times. £791,000 is seen to be the average salary of the chief executive of a senior bluechip company. The salaries seem to include bonus amounts, transport allowance, children education allowance and dental  [...]
    at September 18th, 2009 at 04:09 am