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Month: January 2019

Cut Costs and Increase Bottom Line

Cut Costs and Increase Bottom Line


Ask yourself do you really, truly need this expense. Is it necessary for the success of your business or could you do without it? Think about the gym membership. In January, you sign up to go to the gym and by March you have stopped going. Maybe you started working out form home instead and forgot about the membership. Either way you are paying for a service you no longer use or need.


Once you have identified that you need it, determine if you are getting a return on your investment from it. Or are you simply paying it in hopes that you will get a benefit from it – one day? That’s your ROI. Don’t get stuck in the “what if” phase. That’s when you find yourself saying “what if the benefit comes next week”. If you have been saying that for more than six months, it’s time to re-evaluate this expense.


If you determine that you are getting an ROI on this expense, is it the ROI you anticipated? If it’s not then it’s time to put on your inspector gadget hat and do some research. What other companies offer the same or similar product or service at a price that will yield you the ROI you want? There are at least ten companies that provide products and services for everything you spend money on in your business. You just have to find the one that works best for you. Keep in mind you may have to compromise a few benefits, and you may not, so make sure you determine the absolute must have features first.


Thinking back to the need question, if you determine you no longer need that cost than the only option is to cut the expense. Reducing the cost entirely is always the best option but as I mentioned above it’s not always the necessary or available option. But if you can do it, you will definitely increase your bottom line and your cash flow.

Free Credit Reports

Free Credit Reports

Other ways of obtaining just a free annual credit report can be through the Federal Trade Commission (FTC). If you go to the FTC website and follow the necessary links, you will end up at a form which you must fill out and submit to the FTC. The information the commission wants from you is your name, address, Social Security number, and date of birth mainly. After filling out the form, you can send it over to Annual Credit Report Request Service, P.O. Box 105281, Atlanta, GA 30348-5281 and wait for a credit reporting company to respond as opposed to instantly through the credit reporting companies directly.

For individuals who have been denied credit or similar, they are provided a free credit report through the inquiry on the part of the lender, insurance company or even employer. After receiving this notice, the person inquired upon has the opportunity to receive a free credit report from the company who provided the organization with your credit report. In addition, if a person is currently unemployed and planning on getting a new job within 60 days or are on welfare, they are eligible for a free credit report as well.

Having a good FICO credit score and clean credit report is very necessary in order to obtain quality loans, jobs, insurance, even places to live and it is very important to look at your credit more than just once a year. Monitoring your credit regularly will allow you to find any negative marks and/or errors due to such things as identity theft immediately. It can be quite astonishing how fast unnecessary items can appear and quickly lower your credit score. Many people don’t even notice this until either they get an annual report, if they do, or apply for a loan and discover the problem. Take advantage of the no cost trials consumer credit reporting companies provide and see how easy monitoring your credit can actually be.

Loan Possibilities With No Security

Loan Possibilities With No Security

Collateral Does Make a Difference

Risk is all about perception. The risk is perceived to be higher for the person without collateral than for the person with collateral. Collateral lessens the risk because it guarantees repayment.

But most people with bad credit do not have any collateral to offer. Common forms of collateral include family jewelry, cars and home equity, but anything used must match the loan amount. If you wish to supply collateral for a $10,000 loan, you need a $10,000 asset.

This is why approval for unsecured personal loans involves higher interest rates and often strict penalties for missed payments. This also places a limit of about $25,000 for the largest unsecured personal loan available.

If Collateral is So Good, Why Offer Unsecured Loans?

Why would lenders ever accept the additional risks of unsecured loans? A couple of things come into play here. First of all, the lender will approve an unsecured personal loan with provisions that make it more profitable for them due to the higher risk on not getting repaid. Additionally, most of the people who suffer from bad credit want to improve their credit rating. This supplies the borrower with an extra incentive to make timely payments. When this psychology of borrowers is introduced into the loan equation, it turns out that the risk of default is not as large after all.

Affordability is the biggest obstacle when it comes to a large unsecured personal loan. Lenders are not stupid; they know that if they can find ways to make the loan affordable, that people with bad credit will do business with them. Lower monthly payments mean fewer missed payments.

The easiest way to make a loan more affordable is to extend the life of the loan. The longer the repayment period, the smaller the individual payments will be. Lenders make their profit in the interest rate and longer repayment terms mean more interest payments over time.

Options Do Exist

Applicants and lenders operate differently today thanks to the internet. It is easy and fast to find online offers from a variety of lenders. Many times you can find the lenders terms listed. There are comparison sites that will do much of the leg work for you.

In exchange for a slightly higher interest rate, you can get your loan applied for and approved within a few minutes. Be sure that you are not applying for a payday loan when you mean to apply for a longer term loan. Payday loans charge high interest rates and short repayment terms.

Online Applications For Student Loans

Online Applications For Student Loans

Online Tips To Follow

Follow these tips to narrow your choices:

  1. Search for local loan companies in your area, they are more likely to know the current situation for your area, they are more likely to already know about your university or college and so will already have some of the information they require. This will make for a more speedier loan application.
  2. Look at all the financial institutions that offer the type of loan you need.
  3. Grab a sheet of paper and make a list of each company on the left, make several columns with headings like Interest Rate, Amount of Loan, Term of Loan, Penalties. This will make it easy for you to compare at a glance which finance company that is most suited to you.
  4. Help lines. Check to see if each company has a 24hr help line, this will come in handy if there are any unforeseen problems that may arise.
  5. Compare all these rates and conditions of the standard government loans. This will give you an overall perspective if you should go with Govt or Private loans.


Once you have got your student loans sorted and under way, it might be a good time to look at ways you can supplement your loan re payments and even pay your loan off earlier.

There are many ways to do this, one of course is to get a, dare I say it? J.O.B. Another thing to consider is to set up something online that will give you a passive income.

Im not talking about those ‘get rich quick’ schemes, rather I am talking about those tried and true methods of online income generation that don’t require you to first get that degree in Rocket Science!

Some simple and effective methods that I have used for great success have been:

  1. Crowdsourcing. This is where you can get total strangers to donate money to your cause. There are many online crowdfunding sites but my favorite method is to use a DIY piece of software and set up my own crowdfunding site. that way I do not have to pay any fees like the normal sites will charge and I get to keep all the money.
  2. Blogging. You can still make a lot of passive income by setting up a simple blog. You can easily build a blog for free these days and you can write about your interests. These blogs are very easy to monetize, you just need to ask the right questions to the right people that are already doing it.

Day Care Accounting Software

Day Care Accounting Software

Start by researching in industry publications and talking with other day care owners, but also use the power of the Internet to find and research all available options.

Look at the system requirements for each of the software options you have found. If any of them will not run on your current computer system, you will eventually have to either rule them out or factor in the cost of upgrading your system. But first, you need to determine what features and benefits you really need your day care accounting software to provide.

Ease of use is an important benefit. Unless you are very computer savvy and have no other employees who will need to use it, you need your software to be extremely user-friendly and intuitive so that little or no training is necessary.

But there is often a trade-off of ease of use versus power and flexibility. You need the day care accounting software you pick to be as easy to use as possible while still being powerful and flexible enough to provide the general financial accounting capabilities you need as well as specialized features to fill the needs of a day care center.

Obviously you need your accounting software to provide financial accounting capabilities like:

  • General ledger
  • Balance sheets
  • Profit and loss statements
  • Billing
  • Invoicing
  • Accounts receivable
  • Payroll
  • Tax forms and reporting

You may also want your accounting software to provide extra features like:

  • Automated billing
  • Automated invoicing
  • An online bill payment interface
  • Instant receipts when payments are recorded
  • Employee work schedules
Set Up Budget

Set Up Budget

Always plan what you need to spend in the future. If you are looking at what your expenses will be in the upcoming month it will be easier to do so if you create one list of the items you need. Often you will notice that right before ordering something online, for instance, you forget what you have purchased and spend that money again on something totally unnecessary. This may not be a reoccurring action but there are possibilities that you forget about purchases that you’ve previously made.

Look for products and services that don’t cost a lot of money. There are often specials on various products that you can use to your advantage. Buying products on special could cut down on expenses quite a lot. Sometimes you could also save on bulk purchases.

When setting up a budget sheet, whether it’s in digital format or a hard copy, make sure that you split your income, spending and savings:

  • Daily or weekly expenses could include petrol for your car and groceries.
  • Savings could include savings accounts or investments.
  • Occasional or monthly expenses could include clothing, car maintenance, paying off house debt, personal loans, leisure items or, possibly, the vet. These are the items you find yourself only paying for once a month or a few times in the year.
  • Income is any money that you are earning.

Make sure that you are recording your spending on a daily or weekly basis. This makes your life so much easier if you are the type of person who always looks at the budget first before making a purchase.

A savings plan is another important category to have in a monthly budget. By having a savings plan you will be able to control how much you spend and it’s great to have for emergencies.

Learn Couponing

Learn Couponing

Couponing can be a lot of fun too whether you are doing it with someone or you are going solo. What an experience it is when you are at the register listening to every beep bringing down your total as your coupons are applied reducing the retail price of your goods. All of your time, effort, and hard work is paying off as they play your favorite beep song in subtraction mode.

Equipped only with the fundamentals you too can realize a great deal of savings. Couponing in the beginning is a lot of work, because your couponing skill is new and has not yet become habit. Learning couponing can pay off big however if you stay the course. For example, think about when you were learning to walk. It wasn’t easy but you stayed with it. How about when you learned how to cook, the amount of work it was in the beginning. But after you mastered the basics, you could almost cook in your sleep.

So you want to know how to get started grocery couponing? Couponing like any skill requires knowledge. Grocery couponing can be frustrating, and almost impossible if you don’t equip yourself with the fundamentals first. Well the first step is to commit to the necessary work that will be required in learning how to grocery coupon.

No one whether they be extreme couponers or not, was born knowing. They paid a price to know what they know. Too many people think you shouldn’t have to work at learning how to grocery coupon. They think perhaps that this is a skill that should come natural. Well if you clip out a grocery coupon now and then and that’s the beginning and ending of you grocery couponing, then I guess that would come natural.

However, if you want to do some stretch your budget kind of couponing, you will need to acquire some knowledge to do that. You will need to know more than just how to operate a pair of scissors. After you have the basis under you belt, then is up to you how far you want to take this new skill. Just like with cooking or any other skill there is always something new with couponing. The more you learn the more you save. You decide how much you want to coupon. It’s different for everyone.

Money Management for College Students

Money Management for College Students

Earn more money. This is an option if your schedule permits. I’d think carefully about this one, as your ability to meet your educational requirements is way more important than ‘living large’. If it’s necessary to take on a part time job just to meet basic needs, then please make sure it’s one that will accommodate your school schedule. A campus position is a good place to start. And if you do find a position off campus, see if they offer tuition assistance as one of their benefits; every little bit helps!

Develop a Money Mindset. This means that once you know what you make, how much your expenses are, you’ve cut some of your ‘extras’ and/or have taken on a part time job; your mindset should switch from spending ALL of your money left over after expenses, to starting to establish a savings, making sure all of your bills are paid on time. If you don’t have a bank account, this is the perfect time to open one and actually learn how to balance your account. Establishing a money mindset is all about being aware of your InCOME in comparison to your OutGO, and making the necessary changes to retain as much of your InCOME as possible.

Use credit cards wisely. Most suggest to avoid credit cards completely, but college is the perfect time to start building credit. Remember, however, that your credit card is not there to support your lifestyle or extend your income. Use it for emergencies only and only spend what you can pay back right away or at the very least in 3 months. Make sure you select the right card; you want one that does not have an annual fee and a relatively low interest rate. Going back to Step 5; before swiping your card your Money Mindset should kick in and ask: “Is this truly an emergency?” “Would I go to a bank and borrow money to pay for this?” “How can I plan for this type of expense/emergency in the future?” The best place to go to find a student loan credit card is If you’re turned down for an unsecured credit card; check out your bank’s secured credit card option, this is when you have to put down a security deposit that equals the amount of the credit you’ll be extended. If you’re using a credit union, they’ll often approve you based on the amount you have in your savings account. NEVER use the cash advance option with your credit cards. The interest rates are horrible and you may be charged an additional fee as well.

Only borrow what you need. Discuss your financial aid with your F.A. officer so that you’re aware of any scholarships or grants you may be eligible for. Find out what type of aid you are receiving – free or those that have to be paid back – and what requirements are needed to keep receiving those free aid funds; find out what interest rates are tied the loan portion of your financial aid. Find out how close you are to your aggregate loan limits to ensure you have enough money available to complete your degree, declining your ‘refund’ check so that those funds are available to you in the future. Do everything possible to learn your loan obligations.

Tips On Getting The Best Deals On Car Title Loans

Tips On Getting The Best Deals On Car Title Loans

Car title loans have been designed to solve urgent financial difficulties. You can apply for a car title loan online or in the lender’s physical office. The steps to applying for car title loans are usually easy but you have to be aware of certain tips to guide you.

  1. Do A Background Check On The Reputation Of the Auto Title Loans Company
    Before making a decision on the car title loan company to choose, ensure to check for how reputable they are. How long have they been in existence? What are people saying about them? Do they have a physical office? All these are important questions to ask.
    Another thing you need to consider before applying for a pink slip loan is if the lending company has the license to operate in your state or province. You will not be able to obtain a loan from a lender if they are not licensed to give out title loans in your state. Some auto title loans companies may be eligible to operate only in certain states so ensure to check for your state’s eligibility before applying. There are certain regulations which vary from one state to another that determine what is required for a company to be registered.
  2. Find Out The Payment Options That Are Available
    It is very vital to know how a lending company intends collecting your loan repayment. Do they plan on taking the payments through direct payment or from your paycheck? You will also need to find out precisely how long your loan will last. Just like other types of loan, the longer it takes for you to repay your loan, the lower the amount of payment you will have to make per month.
    However, the negative aspect of this is that you are going to be making more payments each month on financial charges. It is in your best interest to make sure that your loan is outstanding for a very short possible period of time.
  3. Find Out If They Charge A Pre-Payment Penalty
    From the day your car title loan is given to you, your interest starts counting. Due to the fact that you wouldn’t want the interest charges to keep adding up, you will want to pay off your loan before the due date in order to save money. But this can only be possible if you will not be charged a pre-payment penalty by the lending company. You have to ensure that your lender is not going to penalize you for making an early payment before agreeing to sign off your loan.
  4. Check For The Car Title Loan Application And Approval Process
    This process differs from one lender to another. There are some lenders that will allow their title loan application and approval process to be done completely online, just like it is for Car Title Loans California. Others may require more verification either by putting a call through to you or requesting that you visit any of their physical branches with the required documents and your car for further verification.
  5. Check For The Kind Of Car Your Lender Accepts
    Some lenders will accept cars manufactured from the year 2000 to the current year while others can still accept cars manufactured as far back as the year 1995. You also need to know the mileage restriction of the lending company.
  6. Ensure That You Can Keep Driving Your Car
    During your application process, make sure that your lender can let you keep your car. There are lenders that will require your vehicle to be in their possession until you can repay your loan. Although this practice has greatly reduced, you still have to verify.

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Advantages VA Loan

Advantages VA Loan

No Down Payment

When you purchase a new home, you are required to come up with a certain amount of money for the down payment. This can range depending on the total price of the home and can often be an expense that is quite costly. Many families have to save up for years to afford a new home’s down payment. But with a VA home loan, that down payment is waived in the majority of cases. This means a veteran can become a homeowner with no money down, allowing them to have a piece of the American Dream a lot easier. It’s the only loan available today with no down payment!

Lower Interest Rates

Another benefit of this loan is that the borrower usually gets a lower interest rate than what’s ordinarily available with other types of loans. This translates to lower monthly payments and the borrower will be able to pay down the amount of their loan a lot faster than others with a higher interest rate.

No Private Mortgage Insurance (PMI)

As a result of the housing recession that happened some years ago, banks are now insuring themselves in case anything like that happens again with the addition of private mortgage insurance, which is an added fee to loans that don’t have the needed 20% down payment of the appraised value of the home. This insurance protects the lender if you ever default on your monthly payments. Since military men and women don’t need a down payment, they are not required to have PMI and this results in lower monthly mortgage payments.