Category Archives: Finance Tips

Best Tips for Online Shopping in India

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No matter where you live in India, you’ll find that there are online shopping deals which are geared towards your home country. When you discover the best tips for online shopping in India, you’ll be ready to make the most of your money. To help you save some cash, we want to share tips which are just for consumers in India!

 

Find Digital Coupons Online

 

Digital coupons are easy to find and many of them may be used at online retailers which cater to consumers from India. The best way to find them is to visit online coupon websites, which aggregate the best digital coupons and put them all in one convenient place.

However you find them, you’ll soon discover just how simple it is to add coupon codes to checkout areas at websites. Deals vary. Be sure to confirm the validity of coupons before you take the trouble to try and use them. Most will feature expiry dates.

 

Look for Flash Sales

 

If you have online retailers that you love, you should definitely become a fan or follower of these virtual storefronts on social media. When you do, you’ll get updates in your newsfeed(s) which allow you to find Flash Sales as soon as they are announced.

 

Lots of online retailers offer Flash Sales nowadays, which allow consumers to access exceptional deals…for a limited time only! Flash Sales typically offer very deep discounts and they are certainly a great way to save some cold, hard cash while shopping online. Bear in mind that you will need to act fast.

 

Visit Message Boards About Online Shopping

 

One last tip is to spend a little time at message boards where people from India meet in order to talk about online shopping. These avid online shoppers really stay in the loop when it comes to online deals and they share information about some of the best online savings in India.

 

Look for Great Deals Today

 

Don’t wait another minute to find awesome deals which are just for people in India. When you use our best tips for online shopping in India, you’ll be primed to save big. It’s really easy to find amazing deals, as long as you know where to look and how to look. So, why not get started right now?

 

Starting the Credit Repair Process

 

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Are you looking for a way to repair your credit?  You are not alone.  Many people have been hard hit in recent times, and now are searching for ways to restore their damaged credit ratings.  Thankfully, there are organizations that can help you get back on track financially.  It’s important to realize that bad credit cannot be restored overnight.  However, there are some tips that can help you achieve your goal of having good credit.

 

Poor Credit Can Hinder You in Many Circumstances

 

Poor credit can be a hindrance in many ways.  People with poor credit will find it difficult to get any kind of loan, and if they do manage to get one you will pay a higher interest rate.  An increased number of employers are running credit reports as a way of eliminating job prospects they deem as being irresponsible.  It can also be difficult to rent an apartment, as for most landlords a credit check is standard procedure.

 

However you feel about your credit worthiness, it is a fact of life that you will be judged in different situations by your credit rating.  There is no need to lose hope, though.  Even those who have declared bankruptcy or have had foreclosures have been able to rebuild their credit and enjoy the benefits.  No matter what phase of credit repair you are in right now, there are three things you must do:

 

  1. Go on a budget. There is free information online and in your local library on how to set up and stay on a budget. Having a budget is vital.  You will be able to plan ahead as well as see areas that you can cut back on.

 

  1. Obtain copies of your credit reports. There are three bureaus that report on your credit, and you can get free copies once a year. Make sure everything on the reports is correct and up-to-date.  You would be surprised to know how many people have poor credit because of incorrect information on their credit report.

 

  1. Do not apply for any new credit cards. Some people try to do the transfer balance dance, but in the end it does not work. You need to stop putting off the inevitable, and begin paying down what you currently owe.  Also, the more times you attempt to open a line of credit, the lower your credit rating goes.

 

The Rewards Are Worth It

 

Make it a habit to pay all your bills on time.  If you cannot pay them in full, then call your creditor and see if a payment plan can be arranged.  Cut down on things like cable television, eating out and any other extraneous spending.  With a budget, it will be easy to see the unimportant things you are spending money on.

 

Sometimes you can get discouraged because the process appears to be taking too long.  It’s important that you stick to it.  No matter how poor your credit is, it is possible to restore it, and it will be worth it when you do.  Your financial life will be easier when you have good credit.  And if you have children, you will be teaching them the importance of responsibility and perseverance.

Getting Cheaper Exchange Rates For Sending Money

 

Getting a good exchange rate for your currency isn’t easy. But with the age of the internet you can now compare many different services to see who can offer you the best rate today. People sometimes don’t think it is important, but if you are sending large sums of money abroad then even just a tiny percent gained in the rate can lead to huge savings on your transaction when you send.

 

This is appealing to people who own properties abroad, and need money in their foreign bank to pay for bills, and maybe mortgage payments. It can also appeal to those who send money to family if they are working abroad. Businesses can benefit also, by saving on invoice payments to overseas services.

 

In addition, when you choose a specialist service that only deals in currency exchange then you can often send that money commission free. This happens because they make their money from the spread or difference on the actual market rate, to the rate they charge you. You will find that it is a whole lot smaller than the fees a bank would charge you.

 

There are many comparison sites these days if you are looking to transfer money abroad. They are easy to use and really give you a good idea on what you can save, without having to visit each site individually and request a quote. That is the old fashioned way, and is very time consuming. Don’t be scared thinking that these comparison sites will take money from you, because they don’t! The service pays a rebate to the site from their own profit. The rate you get is the rate others will get, it will cost you nothing extra.

 

So next time you are going to send some money abroad, take some time and find yourself a proper service that is dedicated to currency. It only takes 5 minutes to open an account, and soon you will be sending money transfers cheaper than it would be with Paypal, your bank, or anywhere else.

5 Strange But Creative Personal Finance Tips

I guess most of you are aware about the shrinking global economy unless you have been hiding in Himalayas since last two years or more. Money making, in today’s scenario, is not easy at all. You have to cut down on your groceries, work 15 hours instead of 8, stop partying, and yet you do not save a negligible amount to pay off your credit card bill.

You say “I am trying everything to perk up my financial stability.” I am sure you aren’t. Below are some strange but smart personal finance tips to earn quickly.

1. Medical Research

No, I am not asking you to do a medical research. That will be done by doctors and physicians. You just need to lend your body for research. It isn’t as bloodcurdling as it sounds because all trials and test are conducted under expert supervision and they have to adhere to austere laws. I do not know about rest of the countries, but in US they make sure your body is safe while conducting the tests. Normal trials include drugs dosage testing which has already been scrupulously tested, but not on humans.

It is not necessary to be in good shape to get involved because drugs are not for healthy people. Although some research seek a healthy body, most of them are looking for smokers, or obese, or asthma patients. Those interested, be prepared for diminutive side effects.

2. Trade in blood

Donating your blood is a virtue. But it is an opportunity in recession times. In US, you can earn up to $40 per donation. It is completely safe to give a bottle of blood from your body at any given time. Humans recover the lost blood within a day. That means you can earn $40 per day. However, it’s not advisable to donate on a daily basis.

These strange personal finance tips are quite useful and inexpensive, are not they? Read on.

3. Trade in Hair

People try to earn money by using what’s under their scalp ignoring an indispensable source of income thriving on it. For those still wondering, I am talking about your hair. Instead of dumping it after cutting, sell it and earn up to $ 1,000. However, you can just collect crumbs and sell it off. You hair needs to be at least 25 cm long; say it’s one of the eligibility criteria. It also needs to be uncolored, clean, and healthy. These bunches of hair are used to make wigs which will be used by celebrities. Lucky hair! You can find purchasers online.

4. Trade in sperms

Make money from your manhood is one of the few well paying personal finance tips that your financial consultant wouldn’t inform you. Probably because he might not know it. Selling your sperms once in a week or two is a great opportunity to earn money that women can never enjoy. However, it might be quite bothersome for those men who might think that their numerous off-springs will find them out in 16 years time.

5. Disease in fad:

Any disease can be an earning opportunity for those who think creatively. For instance, many people earned money from the period affected by swine flu. They designed comical swine flu awareness t-shirts which were informative yet stylish. Others introduced branded flu masks for rich and modish people.

These are some of the few personal finance tips that you can use to earn a good part time income. Just remember to be creative and resourceful.

Personal Finance Tips on How to Manage Effectively

Personal management of finances is not always easy. In fact, many people are having a hard time taking charge over money-matters and some even end up spending more than what they earn despite having a budget plan. What can you do to manage your finances more effectively? The right strategies are essential in order to make things work. Consider the following finance tips from the experts:

Set a definite goal. What would you like to achieve within the next 3 or 6 months or year? Setting a definite goal is important in order to create a suitable plan. For example, if you currently have unpaid debts with multiple creditors, then debt repayment should be your top priority. On the other hand, if you don’t have outstanding debts to pay, perhaps you want to work on building up your savings account. Other goals to consider is saving up money to improve the house, buy a home or car, start a small business, etc. The type of financial plan you need will depend on what you want to achieve.

Be ready to give up some things. In an effort to cut down your expenses, you should be prepared to give up some things that you may want, but not really need. Self-discipline is always necessary to make a budget plan work. For instance, if you have been used to going out to the movies or partying with your friends every weekends, perhaps you may consider doing it only once or twice a month to save money. Little sacrifices will go a long way and you just have to recognize the more important things from the not so important ones.

Monitor your spending for the next 2 months. Creating a suitable budget plan is a challenge in itself because financial situations and capabilities vary from one person to another. You might need to observe your own spending habits for the next month or two. Be sure to write down all your expenses, from big purchases down to the smallest cents. Making a list of your expenditures is the best way to see where your money goes. You might be surprised to discover later on that many items on your list are not really that important in your life, but eating up a large portion of your earnings. Based on your list, you will be able to make some adjustments and changes where needed.

Collaborate with your family members. If you are living with your family, it’s important to discuss your budgeting plan with everyone, especially with your children, so that everyone can do his/her own share to make the plan a success. Talking money-matters with the family is healthy because the children will be able to see the importance of following a budget plan and the why it’s important to save money.

Eliminate extra fees from your bills. If you can avoid the interest rate charges from your credit cards as well as late penalty fees on all your bills, you will be able to save a significant amount of money in a year. You can eliminate unnecessary fees by paying your monthly credit card balance in full and paying all your creditors on or before your due date. This might sound like an obvious strategy but many consumers are prone to paying late fees and interest rates which is a complete waste of money.

Using Personal Finance Tips To Grow Your Small Business

Every business guru states that you should keep your personal finances separate from your business finances. And, we could not agree more.

However, separating your business life from your personal life should only be about monetary transactions. We all learn life lessons (knowledge) that not only work in our personal lives but can easily translate to our business lives as well.

Knowledge is power after all and if it can help get you get ahead in your business then it really does not matter where that knowledge originated from.

To that note, there are many personal finance tips that relate very well to managing the financial aspect of your business.

Let’s review a few of them:

1) What You Need vs. What You Want:

You may want a Lamborghini but know that it is not a good vehicle for a small, growing family – it’s not good on gas, has no room for groceries and cannot take the kids to soccer practice. It just does not make sense for you – even though you would really like to have it.

The same goes for our business. You may want that 50,000 square foot building or that $50,000 piece of equipment. But, if your business cannot use those items to generate more revenue then they cost – then those types of purchases just do not make sense for your business.

And, it is just not capital purchases either. Do your employees really need a foosball table in the break room? Or, does your business really need that $500 per month T-1 line when a simple $50 per month DLS line would work just fine.

Being in business is not about satisfying what you want but taking asset that you need and leveraging them to grow the business – by bring in more revenue then that revenue costs to get.

If you don’t need it for your core business – then don’t waste your scarce money on it!

2) Living Pay Check To Pay Check:

If you over spend in your personal life, you usually run out of money before that next pay check comes in.

What happens is as soon as you get your pay check, you immediately look for ways to spend it – most of the time for things that leave you little or nothing to show for it. Some even spend their pay before they get it in their hands. Sure you had a great time, but that money runs out and runs out quickly.

Then, about half way between pay checks, a week after your last pay period and a week before your next pay day – you have an opportunity to do something really amazing – something that would either improve your life or maybe even bring in more money for your personal use.

But, you have to decline because you have no money to take advantage of it and the opportunity will not wait for you to get your next check.

This is a great lesson for business. Far too many businesses spend their revenue before or immediately after they get it – regardless if that spending does anything to perpetuate the business.

Example: I worked with a brand new business owner who was helping doctors and other medical professionals collect payments from insurance companies. I took this business owner around to all the independent doctor offices I could find and helped him pitch his services. One of these contacts bit and gave him some business. The doctor provided him with about $10,000 worth of claims to collect on. Immediately, this business owner was able to get about 90% of those claims to pay from which he received a 10% commission.

Now, instead of taking that $900 and putting it into his business – to grow his business or setting some of it aside for new opportunities – he used those funds, for personal reasons like a new gym membership, took his friends out to dinner and purchased the latest cell phone with a very expensive plan, not for his business, but for his personal use only.

What happened is that this doctor, who was really impressed with this business owner’s ability to collect, referred him to a college friend and colleague in a town about 85 miles away. However, this business owner had to decline the new business, not because he couldn’t do it or because he was too busy, but because he did not have the cash to drive to the other town.

Not only did this mean that the business owner missed out on new business, but the referring doctor, feeling let down, did not give him any additional business after this incident.

3) More Money Will Improve Your Life:

In our personal lives, if we find ourselves short of cash, we tend to look for more money. Get a bank loan or maybe even a payday loan. While this may work temporarily, giving us more money to spend, if we don’t change what we spend our money on, very quickly we end up right back in the same situation – short of cash and a life that is not improved but maybe worse off as we still have to pay for that new money.

In business, many entrepreneurs find that their expenses outweigh their revenue – especially if revenue is slipping. But, instead of looking at the business – what it is spending its money on or why it is losing or not growing revenue – the business owner thinks that just getting more money is the only answer.

If the business owner goes out and gets a business loan or brings in new partners or outside investors yet does not fix the problems that cause the cash flow issues in the first place, not only will more money not help the business but could drive it further into its financial hole – causing more problems and maybe even resulting in the business being shut down.

4) If It Doesn’t Work, Don’t Keep Doing It:

Too many people throw good money after bad. It is OK to make mistakes. You learn from them and move on. But, if you don’t learn and continue to do the same thing, you are destined to fail again.

I have a neighbor that did not want to purchase a $1,000 riding lawn mower – he had other things to spend his money on. So, he found a used mower in the paper and paid $500 for it. Two weeks later it broke down and would cost about $200 to fix it. Instead of fixing it, he went back to the paper and purchased another used mower for $500. Again, this one broke down and he did not want to spend the money to fix it – said it was a waste. However, this time, he went to Craig’s list and found another used mower – but this one was only $400. And, boy was he happy.

But, in the end, he spent $1,400 and a lot of time instead of buying a brand new $1,000 mower. Plus, I don’t think this $400 mower is working anymore as he has not mowed his grass for months.

In business I see companies throw tons of money at their advertising but never get any additional results from it – they just think that is what they should be doing.

So, instead of finding out where their potential customers are they stick with the same old thing – throwing good money after bad.

Thus, they advertise in the same paper each month but see no new revenue for that expense.

All things in business should be measurable. If they measure up to expectation, then continue to do them. If they don’t, scrap them and try something else.

If you spend a $1,000 a month in print advertising and it is not bringing in at least $1,000 in new revenue – then why keep doing it. Try something else, like advertising online (in places your customers hang out) or on TV during a show your customers watch. Then, measure the results. If they are better then what you were doing, your business is just that much better off.

There are things in business that should be keep separate like your business bank account, business expenses, financial statements and business credit cards. This just keeps your records more easy to manage and by not co-mingling funds, can keep you out of trouble with the IRS.

Quick and Valuable Personal Finance Tips Online

Personal finance has always been one of the crucial aspects, which largely affects the success of an individual in various fields. Just like a house needs strong foundation to withstand the various charges of weather similarly all individuals require strong foundations of personal finances to withstand the basic charges of life. Strong financial situation has always been the sure shot route towards a sound and independent financial situation. Maintaining a control over personal finance enables one to maintain a control over the entire financial situation and to maintain a control of where is money coming in and for what use it is being used. There are a range of topics covered under it. Some of the vital areas are budgeting, investment, retirement and debt handling.

Personal finance tips cover many crucial aspects that one has to do with his money, starting from generating it to spending it. The various areas –

Budgeting – Budgeting is one of the most essential and crucial areas. Since it is a time consuming and a tedious process, many people refrain from doing it and hence create acute financial problems for themselves. Budgeting is nothing but to ascertain what you must spend versus what you want to spend. Budgeting allows one to maintain a balance between his income and expenses so that all the priority needs are fulfilled optimally.
Investments – This is another crucial area as it allows individuals to lock some amount of money and hence stop spending money impetuously. Investments can be of various types like short term investments, long term investments, current investments, etc. Each of this investment has their own specific features like rate of return, minimum amount, lock period, etc. Individuals must invest in accordance to the capacity and such that their financial independence is not hampered.
Retirement – it is very vital to plan for retirement, because the cost of living index is escalating at a rapid pace and it’s very important to safeguard one’s future.
Debt handling – The fact cannot be ignored that all most all of us raise debts to tackle our various financial needs. However, at the same time individuals should not trap itself in the web of debt. One should ensure that they raise debt according to their repaying capacity and make sure that the payments are discharged at the time.

Some other quick personal finance tips –

Insurance is a must – it is very vital to have optimum insurance policies as they are nothing but safe investments. Insurance protects dependents of the insurer and the income in the case of disability or death. One must insure according to his financial situation. For example, there is no sense of life insurance if an individual does not have any dependents and it is very much necessary for every car owner to have car insurance.

Have a proper savings plan – It is always said that one should always pay himself first. Proper and regular savings helps individuals to take care of all sorts of emergency financial needs.