Recent Articles

  • Financial Institutions – They Are Not Lenders, They Are Suckers!
    Financial institutions are not those good Samaritans who help you out of financial crises out of sympathy and empathy like good friends. Well, I’m not saying that they should donate you money out of charity, but just see the kind of financial complications they put you in! Nowadays, when banks and mortgaging companies lend you money, they do so by charging you fees , many of which , turn out to be irrelevant or highly exorbitant. Apart from that, their terms and conditions also may be difficult to comply with. Here are some points that you could consider while going for that credit loan next time you need money. Charging Interest On 0 Percent Balance You might pay off your credited balance by the due date, but even then you might be charged interest on it. For example, you buy a $ 1,200 computer with plastic money at a monthly  [...]
    Posted at October 15th, 2009 at 11:10 pm
  • Don’t Stop Your 401(K) Contributions!
    Contributions to the 401(K) retirement savings seem to have reached a low in the present times, owing to the scarcity of money and job layoffs. Insurance savings of all types have seen a low and many companies stopped the 401(K) plan. Ford Motor, Motorola, Eastman Kodak all have stopped their 401(K) retirement benefits to their employees for some time now. When the economy improves you’ll see everything returning to normal. But don’t stop your 401(K) contributions because there are still a lot of benefits by continuing the contributions. Tax Advantage 401(k) is known for the tax benefits that it offers. Your contributions for the 401(K) will be reduced from your gross income which will automatically lower your taxable income. Keeping this money in your savings or any unqualified account is going to make this taxable.  You’ll  [...]
    Posted at October 14th, 2009 at 01:10 am
  • Shoppers, Don’t Be Allured By Reward Points This Holiday Season
    It’s holiday season after a few days and you must be getting geared up to shop. You must be coming across a lot of attractive offers in your favorite mall for buying food stuff, clothing, cosmetics etc. Rewarding points on purchase for a cash discount or for purchasing an expensive item is a bait used by sales people and credit card companies to make you purchase more. You’ll see that ultimately you make purchases to earn your points but ultimately the cost of your purchases reaches up to almost the price of that expensive item. Instead of trying to accumulate reward points, you could have bought the item straight away. At least that could have saved you the trouble of piling up articles that you don’t need. Here’s an infographic from Mintblog that shows how you should use the reward point system to your maximum advantage. Not  [...]
    Posted at October 13th, 2009 at 01:10 am
  • Now, Learn Personal Finance From Video Games!
    You might be aware that a really hungry stomach desperately searches for food everywhere. This recession has made us all hungry for money and we are searching for ways for managing our personal finances. Financial knowledge is found to be hopelessly low in the youth, children and the common man of this country and the government and private institutions are leaving no stone unturned to teach financial education to people. – zq4h7pgt5f Schools, colleges and the human resources development departments are coming up with money management programs to educate people. Financial literacy programs may be too formal for you. Especially, children might not want to indulge in serious programs. For them, educational interactive financial applications have been developed to make them financially literate. You can opt for those. But did  [...]
    Posted at October 12th, 2009 at 01:10 am
  • Unemployment Is 9.8 %, How Can Jobs Be Created?
    It looks like technically the recession is over but with 9.8 % of the population jobless in September, can you say that there will be any speedy recovery? Chairman Federal Reserve Ben Berneanke says that the recession recovery cannot be expected to create a lot of jobs in near future. I like this honest opinion because it does not give you false hopes about seeing greener pastures soon.   What looks gloomy is that the rate of unemployment was 9.7 % in August and in a span of 1 month it has shot up to 9.8 % according to a Labor Department report. This is the same period in which we seem to be expecting national economic improvement. Though our logic might say that a bettered economy should create more employment, the fact may be that employers are first trying to rebuild their finances before making any attempts to hire new employees  [...]
    Posted at October 9th, 2009 at 02:10 am
  • Recession Makes Food Franchisors Demand Too Much From Franchisees
    Recession has made entrepreneurs less human. Of course, when it comes to surviving stormy conditions, generosity is quite a rare thing to find. Restaurant industry is amongst the worst hit by recession. Eating out is optional for many and the first expenditure that you slash while budgeting is eating out. Foodies on the other hand, cut their costs by serving you less quantities, raising charges, stopping complementary serves and such measures that might have made you feel they’ve become inhospitable. Yes, they did. But if you see from their points of view, you’ll notice that they are justified in that because they too suffered the recession just like you. According to SmartMoney’s Small Business Site report , now, for compensating for their business losses due to bad economy they have increased their demands from their franchisees  [...]
    Posted at October 8th, 2009 at 02:10 am
  • If Diners Go On A Budget, Can Restaurateurs Be Left Far Behind?
    The economically bad times have compelled food enthusiasts to put their cravings on a backseat while savings took precedence. Those amongst us who cannot resist the longing of the taste buds could not stop ourselves from visiting restaurants even during these hard times. Only thing we did was to control our temptations and eat less, less frequently. The restaurateurs on the other hand, have tried their best to attract us by giving huge discounts and attractive offers which many of us availed. But restaurateurs are also as vulnerable to the bad economic conditions as their customers. Therefore, they too have devised ways to cut down upon their expenditures. According to Labor Department statistics there are about 678,000 professionals from different industries who are putting a scanner on extra expenditure of money and are trying  [...]
    Posted at October 6th, 2009 at 01:10 am
  • Paying More for a Slower Internet Connection? Check This Global Comparison!
    The internet has reduced the world to a global village. Can you live without the internet today? I don’t think I can. I feel as though my friend from Alaska is my next door neighbor. Not only that, I use it for earning a living, for promoting my own business, for enhancing my knowledge and also for entertainment. I can relate to millions of people around me on this planet who simply love this electronic connection and rely on it heavily. But everything comes for a price. Though our communication seems to have been brought to a common platform by the biggest technological revolution of the present times, the prices are on widely uneven lands. Not all of us are paying the same amount nor enjoying communication at the same speeds all over the world. According to the OECD and ITIF rankings from BillShrink, if I were a lucky Japanese  [...]
    Posted at October 5th, 2009 at 03:10 am
  • Protect Yourself From Bad Economy With A Good Financial Armor!
    The bad economy has made this world a battlefield where you’ve got to protect yourself from the attacks of your enemies, such as, debt, excessive spending and financial illiteracy which have already wounded many of us. Your financial armor should be made up of foolproof ways in which you can cope up with the financially adverse situations created by these conditions. Many of us are aware of the bad economy, but most think it has happened due to reasons beyond our control and we are not to blame for it. I do agree, but if our financial armor would have been really strong, our enemies would not have wrecked our lives the way they have now. Had we been a bit wise in our money saving methods, our financial security umbrella would have protected us from these rainy days. A bad economy may be the outcome of reasons beyond your control,  [...]
    Posted at October 3rd, 2009 at 01:10 am
  • Have You Contemplated Disability Insurance?
    You might have taken life insurance to ensure security to your family after you bid the final adieu, but did you ever think of how your family will be affected in the eventuality of any disability? I really don’t want to sound pessimistic, but imagine if you were to meet with a sudden adversity causing disability, which is happening more frequently with workers than a premature death, how will you ensure financial security for your family? Disability insurance is most often ignored. But for any worker disability is one of the greatest risk factors, and people should take adequate measures to insure themselves against disability. A disability can strike all of a sudden and then you run the risk of becoming handicapped for life. Sickness and accidents are more common than deaths. They will disable you from working. This might prevent  [...]
    Posted at October 2nd, 2009 at 03:10 am