Saving Resolution For 2014

January 02, 2014  //  Posted by: Financial advisor  //  Category: Finance

Money SavingAs the New year starts approaching people start deciding and making plans on various things like holidays , beauty treatments ,which new car to purchase or even a new house for that reason. People become elaborate in their spending but very few people think of making a New Year resolution of trying to build up their bank balances. This can only happen if one makes ‘saving’ their goal in life. Since saving can be a challenge for the future then why not in this New Year 2014 let us all decide on ways and methods to save money for a better future.

Now the million dollar question that would arise to everyone’s mind would be “How”? Well there are many ways to do so, it’s only that one has to have the strength, dedication and determination to say “No” to various things like cutting down on Smoking, and the daily intake of Alcohol, parties, going to restaurants more during the week, going to the salon more often than required, going to the clubs to play cards and end up losing more money than gaining. Purchasing things that are out of their budget just because they want to keep up with the Jones, can prove to make a big hole in the pocket.

It is human nature to envy what others have and that makes us do irrational things, like purchasing just because we think that it will make us feel better about ourselves, this is what happens when ones willpower is very low as willpower is a highly elusive quality in every human being. Many times people become egoistic and the thrill of immediate gratification lasts for a certain time span, but the longer the period it gets harder and thus results in high failure rate. As one cannot buy ‘Willpower’ or ‘Stamina’.
As we all lack strong willpower at some point in our lives so why not make our weakest point our strength in achieving our goal of saving money. So now let us start from today and never forget the saying “Drop by Drop makes an Ocean”.

How to evaluate economy before financing

October 27, 2012  //  Posted by: Financial advisor  //  Category: Finance

evaluate economy , financeWhen you are looking for making finance it is very important that you evaluate the current economy. The economy is always going to fluctuate as change is the only thing consistent in the modern economy. It is also very important that you make an industry specific evaluation. Any industry that has been existing in the market can be a good area to invest in but a proper evaluation is required so that you know the right time to step in the industry.

The amount you invest at a time will be crucial and in order to make sure you invest effectively. The condition of the economy will also determine the present demand of the industry. If you are investing on luxury products, a downward economy may not be the correct time. However, investing on products that are of daily need may not be dependant on the economy but it has to be kept in mind that the usage of even those products may decrease at the time of inflation.

How to qualify for home equity release

October 17, 2012  //  Posted by: Financial advisor  //  Category: Finance

home equity release, home equityThe first and the foremost criteria that has to be fulfilled in order to be eligible for the home equity releases is that the applicant has to be at least 55 years or above. It is needless to mention that he should be a homeowner. In case of the joint applications, the youngest applicant has to be of minimum 55 years as it is the minimum age limit set by Equity Release Council.

Then, the value of the property has to be at least 75,000 pounds since it is the minimum value that is considered. Another important thing that is considered is the health of the applicant. The health condition may determine the amount of equity that can be released by you. The minimum release amount is 10.000 pounds but is not important that you have to take the entire amount. These are some of the things that are needed to qualify for the home equity release.

Tips to choose a finance broker

August 23, 2012  //  Posted by: Financial advisor  //  Category: Finance

Hire a finance broker, financial tipsWhen it comes to your financial matters and investments you want the best. If you want to minimize your risk in the market and maximize your chances of profit then it is best to seek expert advice in matters where your knowledge is limited. When it comes to your finances, a finance broker will be the ultimate choice for you.

Here are a few tips that you can follow when you are looking for a finance broker:

• Make sure that your finance broker is experienced in his field. Do not go for someone new in the field. Experience is of extreme value when it comes to your managing your finance and giving you valuable advice.
• Meet up your broker and discuss your financial matters face to face. Online or telephonic chats can lead to miscommunication and misunderstandings. Besides you may not be able to grab his advice well.

Facts to consider with Auto finance

August 19, 2012  //  Posted by: Financial advisor  //  Category: Finance

Auto finance, FinanceIn the recent times the cars have evolved to become one of the most important necessities of our lives. The need for a car is fast becoming a priority in or lives as the world is moving at a fast pace. Having a car is no more a sign of luxury and is no more restricted to only the upper strata of the society, instead it has become a requirement of utmost necessity for most of us for the daily purpose of our travelling. Though it is true that a car has become an aspect of utmost necessity in our lives, it is a fact that not many of us can afford a car without taking the aid of an auto finance company.

If you are planning to buy a car, while taking auto finance it is necessary that you consider various factors. First and foremost you should properly budget the amount that you can spend on your auto finance and then proceed accordingly.

A brief idea about customer finance program

July 14, 2012  //  Posted by: Financial advisor  //  Category: Finance

Customer finance program, financeAn example of the consumer finance benefits are the recent trends that showcases an increasing demands for software technology are increasing yet there has been no much effect in the industry itself. The reason is quite clear that the consumers today are more aware with the product efficiency and the cost involved parity. Competition has led the vendors to walk an inch extra to their competitors and provide an extra factor other than just the best software at the best price.

Gaining a substantial share in the market is an integral part of the marketing strategy, but they loose on the factors that assures the consumers an easy purchase option. It includes one stop shopping point and a 100% easy purchase financing strategy which includes the maintenance contracts as well easing the down payment requirements. It brings in flexible payment structure and easy cash flow management on part of the consumers. It leads to improved consumer relations. Getting into terms with a leasing company would ease you throughout the program.

A brief on asset finance

June 25, 2012  //  Posted by: Financial advisor  //  Category: Finance

Asset finance, financial tipsAsset finance is a broad term that will encapsulate the various different finance packages. There are : Hire purchase asset finance, Lease purchases. In hire purchases, the business owner is allowed to purchase a contract, pay a deposit, a monthly fee. Once the purchase price is repaid full the business owner can select any item at a predetermined fee, or he can also return the item to the lender. In financial lease, the financial company owns the asset and it can then rent it for a limited given span of time.

But you cannot sell the asset as it does not belong to you. Using an operating lease is another option of your financial asset. This option does not allow you for a second rental period. All these options fall under the broad term of Asset finance. You can do this after you do a lot of research and these financial terms and their details can be found in internet.

Structured finance explained

June 23, 2012  //  Posted by: Financial advisor  //  Category: Finance

Structured finance settlement, structured annuityStructured finance settlement is a very essential thing for you and you can benefits from this settlement. This settlement is legal and you can have some advantages from this. Many companies feature structured annuity to the customers and these annuities are applicable to both physical injuries and other kinds of crisis. These annuities sometimes offer irregular payments. If you have a structured annuity and wish to be engaged in a cash annuity transaction then you must take a very important note of the fact that this has to be approved by the court.

If the court orders are not followed, then huge tax will be imposed up on the companies. Structured annuity is helpful for you but only when it is according to the orders of the court. You must not deal with the companies who assure you fast profit as then you can be sure more often than not that the company is not legal and does not follow the law.

Applying for a grant for free

June 17, 2012  //  Posted by: Financial advisor  //  Category: Finance

Apply for grants, government grantsApplying for a free grant although might sound very easy as the commercials make it like that but on the contrary; it is no walk in the park. The grant money is exempted from taxes and you do not even need to repay the money back but qualifying for the grant is the main issue. Following the next few steps, one can with relative ease acquire the grants for free of cost without any hassle whatsoever.

After going to the site grants.gov and clicking on the tab “Find Grant Opportunities”, a whole list of available grants will be displayed which can be chosen by the user. One must ensure that the eligibility criterion is met however, if the grants don’t match your profile, you can always check back after a few days as they are frequently updated. If you do locate the grant, submit the online application immediately and follow the instructions on the screen to complete the application and leave the rest to luck for getting your grant selected.

Top 5 money problems

June 13, 2012  //  Posted by: Financial advisor  //  Category: Finance

Money management tips, financial crisisMoney is surely not an option that can buy happiness but it is definitely the only thing which gives you reason to be happy. Without money life in this world is totally impossible and this is a practical truth. Luxury, enjoyment, family, friends and everything will be there if you have money. Today, people face a lot of money problems due to poor management. Here is a look at the top 5 problems related to money.

Firstly, people often fall short of money in the middle of the month or at the end. This is because they tend to spend a lot of money in the beginning and lack funds at the end. Next, credit card bills amount to huge sum and cause problems. Thirdly, People often take loans to fulfil their luxurious desires and end up in debt. Next people often spend a lot out of emotion to feel good and deal with a sad mood. Finally, without a proper budget money cannot be managed and at the end of the month people find themselves without a single penny.