Category Archives: Financial

Three Ways to Overcome Your Credit Card Problem

It never hurts to be cautious, especially when dealing with your financial condition. We work hard to earn money every month and you certainly want to make sure that the expenditure and income can go well, right?

Well, what’s more, in contemporary times, the use of credit cards are like money running that can be swiped at any time when you want to shop. Prudence in this section include the value of the use of your credit card. Want to solve the problem? There are three ways that you can do in order to restrain and control the use of credit cards that are not excessive.

Closing credit card
You may think it is the best way to no longer rely on credit cards as a means of transaction. However, by closing one of your credit cards, on the contrary, it can improve the utilization of other credit cards. So, how good is to reduce the limit on your credit card.

Do not use credit cards
Again, you may think you have done the right thing by not using credit cards at all. Instead, if you do not use them, shaped charge card dues still have to pay. Therefore, you must know the priorities for the use of credit cards is correct, the credit card used when absolutely necessary, do not use just a little to buy groceries, then pay off the bill in full, do not just pay the minimum bill.

Plan of buying a “gadget” new
Normally, sales of gadgets always have a promo with the use of credit cards. However, before deciding and not be tempted to buy based on the promo, it would be nice if you actually look at the percentage of mortgage provided by the credit card promo. Therefore, despite the promo shown zero per cent, which will bill you receive may not match that offer. Therefore, carefully beforehand and know clearly before you decide to buy the latest gadget.

Avoid making these mistakes to keep the stability of your credit card bill.

If Stop Worrying Income Work After Baby Birth

The presence of children is an invaluable gift. If a desire to stop working after the baby is born but fear can not live on one income (husband), what should be done?

Diana Sandjaja, RFP of MRE Financial & Business Advisory provides the following suggestions.

Before you decide to stop working, solidified what your intention to stop working. Usually to be closer to the kids and take care of their children well. Well, the fact that you’ve “paid”, saw the child can smile and be happy and grow well.

Problems are only one source of income is actually no need to worry because it can be circumvented by changing lifestyle.

Certainly wrote with you at home then there are some that can be cut expenditure, such as expenditure on babysitters, housekeepers, tutors, and transport to school when you can drive yourself.

In fact, also a visit to the doctor if you are careful in preparing food for the family and take care of their children well. So, do not be too worried if your intentions are sincere financially for the family.

Government debt back add Rp3, 1 T

The government, through the Directorate General of Debt Management (DGAT) Ministry of Finance (MoF) has held five auctions of government securities (GS). Of the four series, the government managed to increase the debt Rp3, 1 billion.

Launch information published DJPU, which auctioned the series SPN03130904 series (new issuance), SPN12140604 (new issuance), FR0066 (reopening), FR0064 (reopening), and FR0065 (reopening).

The total bids amounting to Rp10, 288 trillion from the target of Rp 7 trillion. The plan, settlement will be made ​​on June 5, 2013.

Here are the details of the GS won, the series offers entry SPN03130904 with Rp2, 791 trillion, a yield of 4.098 percent, due on 4 September 2013, and a nominal 550 billion won.

SPN12140604 series, offering entry Rp1, 066 trillion, a yield of 4.58 percent, maturing on June 4, 2014, and 250 billion won.

FR0066 series, offering entry Rp2, 351 trillion, a yield of 5.26 percent, 5.25 percent coupon, maturing on May 15, 2018, and won Rp2, 050 trillion.

FR0064 series, offering entry Rp1, 063 trillion, has a yield of 6.69 percent, a coupon of 6.12 percent, maturing on May 15, 2028, and 250 billion won, while the FR0065 series entry offers Rp3, 017 trillion, but not won.

4 Causes of Disorders of Finance

The more days the level the higher the lifestyle needs, and become more consumerist society. As a result, the funds needed to meet the needs and desires become increasingly high. If you can not separate the needs with the desire, I wonder if you are spending so much greater than income.

“Society today is difficult to separate where the needs and desires. Example, when the money barely lot more men choose to buy cigarettes instead of buying food. Mending ngerokok not eat than not,” said Hilda Fachriza, Head of SME Center and a lecturer at the Faculty of Economics University of Indonesia, while Discussion Media “Create Opportunity, Empower Societies, and the Collapse Gap” in Jakarta, some time ago.

While women are usually difficult to resist the urge to shop when looking at various fashion products or make-up date, especially if it is heavily discounted. And if you look closely, all of this is only intended to follow his lifestyle.

Besides the issue of consumerism is high enough, Hilda also revealed there are some financial problems experienced by the community, especially in big cities, namely:

1. Not have planning
Every person has different needs. Therefore, every person should need a good financial planning. Unfortunately, most people just do not do it. They tend to think short to get momentary pleasure, and regrets later because their pay is up to purchase items that were not needed.

2. Difficult to save
“Actually, everyone is aware that they have to set aside money for savings. Unfortunately, it is still very hard to do,” he added.

This happens because when they had more money, would immediately be tempted to spend it. Hilda added, the problem is not just saving money difficulties experienced by the big cities, but also small towns, especially the residents of livelihood as a small business owner.

“The owners of SMEs are usually complain of income are also small so it does not have money to save. They still had a thought that it should be saving large amounts of money while the rest of them a little,” he said (Read: Saving Difficult? Maybe this reason).

3. Financial education
Consumerism and poor financial planning is one of a lack of financial education in the community. The financial education when it should have been taught from an early age. The goal is not to make you rich, but rather how to manage finances for a prosperous and fulfilling life.

4. Did not have a vision for the future
Each person must have a lot of plans for his future, whether married, walks out of the country, building a business, buy a house, or maybe invest. To do all this required no small cost. So, it’s good to start saving and make your dreams come true.

“When they do not have dreams and visions in the future want to do anything, to be sure they do not also think about their future financial needs,” he concluded.

Practical Tips in Handling Your Personal Finance

Proper order is important in our daily life. If the earth does not follow an orbit, it will ruin the whole solar system. If your family and your work are not in proper order, then your life will a chaos. It is the same with our personal finance, everything should be in order or else your budget will be a disaster. And of course, nobody wants a chaotic life. Everybody wants order and organization, but not everybody is willing to work for it.

If you do not keep up to date with your personal finance it is inevitable that in the future when looking for finance you will need to look at guarantor loans instead of mainstream loans. These are loans for people with bad credit history. While guarantor loans are helpful the best bet is to get your finances in order and not have to rely on them.

Tip Number One

Set a goal and make a budget for your personal finance. In order to do this, you should determine your income and your expenses. Make a list of all the sources of your income. After this, make a list of all the possible expenses. If the outcome is balanced, then you will not have a problem. However, if the outcome will show that your expenses are more than your income; then you have a problem. You need to adjust your expenses to fit your income. If there is more income than the expenses, that is better. This means, you have more money for savings.

Tip Number Two

Monitor your personal finance monthly. Monitoring your income and expenses will give you guidance on how your finances are doing. Keeping tract of your expenses will help you control your cashflow. People who do not monitor their budget are the ones who experience over expenditure and bankruptcy. It is imperative that you know where your money goes and which expense item should be prioritized. You can record your income and expenses using a record book or using accounting software. The choice will depend on which tool can give you ease and comfort. It is best that you use the tool which you are comfortable with.

Tip Number Three

When it comes to personal finance, the most crucial part is never to spend more than what you can actually afford to do so. Stop buying on impulse. Impulse buying will only lead to great financial disaster. Buy only what you really need. If you are a small family, bulk buying in order to save money is not applicable to you. But, for big families, bulk buying is advisable. Also, another way of spending on things more than what you can afford is by the wrong use of credit cards. Many are buying thinking that their credit card is their money. Remember credit cards are for convenience only.

Why An RV Loan is a Great Choice

Recreational vehicle financing may be the best way to finance that RV you have been saving, planning and preparing for all of these months (and maybe even years.) All of that searching through the newspaper classifieds, scanning RV lots, and checking out the latest models and features online on your dream vehicle are finally going to pay off. You will find no better way to spend time with your family and other loved ones that in an RV. Recreational vehicle financing is a way to achieve that dream. Once you understand the principles and benefits of financing your RV you can make and educated decision about your recreational vehicle purchase.

When you invest in recreational vehicle financing, you will not only improve your credit, you will build up equity in your RV (which is the percentage of the RV that you own) and you may also be able to deduct some of the interest you pay on the recreational vehicle financing loan if it is a second home for you. But, you will need to examine all of your finances carefully and your budget so that you will be able to be an informed consumer.

One of the first things that you can do when shopping for your RV loan is to look on an RV financing website. Many online dealers have them and you will find many helpful tools to help you to get the best recreational vehicle financing possible. They have an easy to use RV loan calculator that will help you to figure out what you can afford and what your possible RV payment will be. They also will have access to many different loan products that are specific to RV buyers.

After you have taken an initial look at recreational vehicle financing, and have gotten an idea of what you can afford for your down payment and your monthly payments, and also thought about whether you want variable or fixed terms, it is time to submit your loan application. For recreational vehicle financing you will need to have 1040 forms from the last 2 years and current pay stubs. Fill out the information (it shouldn’t take more than ½ hour or so, and then submit your application. Within 1 to 5 business days you should have your recreational vehicle financing in place.

Then you can get on to the fun part-shopping for your RV and you can feel confident about your ability to afford it. No matter what kind of recreational vehicle you decide to purchase it will be one of the best things you can do for yourself, your family and friends and your life.

How to Avail Business Start-up Loans

Are you being denied loans for starting up a business?

Numerous aspiring business persons apply for business start-up loans. However, only about half of them become successful in getting the loans.

Do not let the entrepreneur in you take a backseat. Follow the guide lines given below to become successful in getting business start-up loans:

• Pay attention to your appearance

• Make a thorough preparation for the interview with the concerned bank official. Get a CD (provided free by high-street banks) that provides information about nitty-gritty of starting up a business. This will help you to present your business plan and cash flow statement in an impressive manner. All such preparations will enable you to face the bank officials’ queries intelligently.

• Prepare a detailed account of the amount of loan you require and how you plan to repay the loan in a stipulated time. You should provide information on how many units of items you want to make, how many sales you hope to make and when do you expect make a profit.

• Be prepared to invest some money from your own side as it is quite unlikely that the bank will pay the entire amount you require to start up your business. You may need to put forth your property as security in case you require a large sum of money.

• Update your knowledge about the market segment you plan to enter, the market size, the product or service you are going to provide, predicted growth of the market, nature of competition, etc. This will help to impress the bank manager and strike a favourable deal.

Finding the Best Financial Services

It is important for anyone who is interested in finding any kind of financing or financial services to find the best financial services available to them. Looking for the company which offers the best services for your individual circumstances ensures a several things for you. Taking time to find the best will pay off for you in the long run.

The most obvious factor associated with this is the amount of money that you’ll be paying for these services. Continue reading

Being Eligible For Invoice Finance Services

It’s a growing trend in the business world to use invoice finance. This service helps to improve a company’s cash flow by releasing cash from their outstanding invoices, and it also reduces the daily admin of chasing payments and dealing with bad debts, because the factoring company usually handles a business’s sales ledger. It all sounds great, but not all businesses are eligible to use factoring services.

Just like with banks, factoring companies have their own requirements for their clients. They might be an independent company or owned by a high street bank, or maybe even a broker who will pass on your business to a chosen partner. Either way, they’ll offer their own particular services at their own rates.

Companies are generally eligible to use factoring if they meet a few specific criteria. The most important is that they trade business-to-business. Many factors won’t take on companies who sell to the public. A minimum turnover is also required, generally £50,000. This is because lending needs to be worth the factor’s while. Some factors will lend money to smaller companies but they must have a certain number of customers. Both the company and its customers must have a good credit rating so that the risk of lending to them is low.

If you have small invoices or a small number of customers, or if you have a lot of disputed payments and bad debt, you may not be eligible for factoring. The best thing to do is to talk to a factoring broker to find the best company to suit your needs.