Get Instant Financial Assistance before Your Next Payday

We’ve all been there; half way through the month with barely enough money to make it until our next payday; it’s awful feeling that you’re not in control of your finances. So, it’s vital that we find help and advice to prevent ever being in that place again.

However, if you’re currently in that position you need to find a solution to get out of it, fast! Now this may seem like an impossible task when you’re in financially tight position, but don’t get despondent, there is a way out.

There are numerous ways you can get financial assistance before your next payday; it’s just a case of finding which option suits you best. Here are some ways to relieve you of your financial strain:

Friends and family: You may not want to ask those closest to you for financial help as you may feel a bit embarrassed. But there’s no need to feel ashamed; they are there to help, they won’t think any less of you. Also, since they aren’t as strict as the conventional lending institutions a casual repayment arrangement can be arranged, as opposed to regimented deadlines. This eliminates the worry over late penalty charges, which in turn alleviates any additional mental strain.

Sell your belongings: There is always a whole host of unused items lying around your house and garage; dig them out and make some money! We take for granted the amount of general ‘stuff’ we accumulate over the years; you could in fact be harbouring a small fortune without even realising it. So when you have a weekend free don’t waste your time lazing around the house; be pro-active and have a clear out. Once you’ve gathered everything you can have a garage sale, go to a car boot sale or sell your things on eBay.

Take out an unsecured loan: Just as you would take out a mortgage to solve the financial hurdles you face when buying a house you can also take out a loan to help you when to resolve other monetary issues. Unsecured loans, such as payday loans, give you the opportunity to get out of any financial tight spot instantly. They are short-term loans that require you to pay the borrowed amount back by your next payday and since they are unsecured they do come with interest rates. However, the interest rates vary from one lender to the other.

Financial assistance is always available in some form or the other; it only depends on where you find it and how you use it.

About the Author:  

The guest post was contributed by Alicia, financial guest blogger from Manchester, UK. Find out more about her finance related blogs at financeport

Control your Finances with Top Financial Tips

At present there are numerous people who are unable to control their expenses and feel that they can never recover from their financial mayhem. But nothing is impossible; if you feel that attaining financial stability is out of your reach, here are some steps that can be taken now to put you in a better financial position in the future.

Tip 1: Spend within your Means

The initial step you need to take is to know how much you spend monthly and how much you are earning; spend only within your earnings never exceed it. The best way to implement is to stay away from your credit cards; when you are in financial difficulties, credit cards dig a deeper financial hole for you. If there are some emergencies arising and you are in need of instant cash you can opt for a payday loan, it will provide you with the cash instantly and you can pay it back with your next paycheck.

Tip 2: Organise your Finances

If you neglect paying your bills on time and ignore your credit card payments thinking that you can do that later on, it would ultimately lead you in late payment fees and penalties. This could also lead you in tarnished credit reports and a lower credit score. To avoid such situations the first thing you need to do is to be financially organised. Prepare a cash-flow calendar for everyone in the home who earns money. Then write down which bills are to be paid on what dates and by whom. This will help to get in a good financial position and become more financially stable.

Tip 3: Track your Expenses

It is very important for you to know where your earnings are being spent. Keep a proper track of all your spending’s for a month this will give you a detailed plan who is spending how much and where. Then according to your spending’s in the house you can prepare a monthly budget plan covering all the necessities and save up some money for the future requirements.

Tip 4: Improve your Credit

If your credit reports are becoming weak because of your recent spending, then work on improving it. Start to prepare a plan for repayments of your debts; initially begin to pay with a smaller amount and then increase it gradually. Your recent payments will create a stronger impact on your credit score and ultimately improve it.

By following each of the above mentioned tips you pave your way to a stronger financial ground.

My name is Michelle. I am a tech writer from UK. I am into Finance. 

Insuring Your Home Inexpensively And Effectively

The process of buying a new home can be exciting, but it can also get very expensive. There are a number of different items that you'll have to pay for along the way which you may not expect on the front end. One of the expenses that many people do not plan for is homeowners insurance. If you want to insure your home inexpensively and effectively, there are a few different types of policies that you could buy:

HO-1

HO-1 is one of the most basic forms of insurance coverage that is available. With HO-1, you get covered against 10 specific types of damage to your property. This type of insurance does not cover anything related to liability coverage. This type of policy is not commonly purchased, but it can save you some money if you are strapped for cash.

HO-2

HO-2 is another type of home insurance that provides a little bit better coverage than what you'll get with HO-2. This type of policy only covers against specific perils, but it has more named perils than HO-1.

HO-3

HO-3 is the most commonly purchased type of homeowners insurance. With HO-3 coverage, you are covered for every kind of damage except those that are specifically excluded by the policy. This provides some of the broadest homeowners insurance coverage that is available.

HO-4

HO-4 is a type of renter's insurance that tenants can buy. This type of policy covers only the things that you have inside the property and protects you from liability claims. If you are a renter, using this form of insurance and resources like Rentler can help you save money.

HO-5

HO-5 is a policy that provides a very broad coverage for your home. It is similar to the HO-3 policy in that it provides coverage for everything that is not specifically excluded by the policy. There are only a few things that are excluded, and everything else is covered by the insurance policy. This probably isn't the policy that you want to get if you are trying to save money. It is one of the more expensive policies out there.

Regardless of what type of policy you choose, make sure that it provides the coverage that you need to achieve some peace of mind. You'll be able to protect your home and your financial position for the future.

Getting a VA mortgage loan refinamce

U.S and Veteran Military member can refinance their home loans that insured by the U.S. Department of Veterans Affairs. Refinancing helps to get the interested rate redunced as well as monthly payments for their mortgage loan

Qualification for refinance loan

1. Homeowners should be making the monthly payment on regular basis. To ge a rate reduction VA mortgage refinance, homeowner should refinacne another VA insured loan. 

2. Howeowners also need to pay a fees for VA refinance loan and that fees is 0.5 percent of the new loan amount. This fees can be pain in advance as well as can be adjusted to monthly payments.

3. Borrowers need to get certify with the Department of Veterans Affairs if they they already occupy their new home or will occupy later. Well, for getting VA loan refinance, homeowner should be certify that they already occupied the home.

4. Borrower should alwals check if they are getting a lower interest rate from the current mortgage loan. However, one may not get a lower rate if refinancing an adjustable-rate mortgage VA loan to a fixed-rate version.

Debt Settlement Scams Companies – Try Hard to Avoid Them

Those who have decided to go for debt settlement or debt consolidation must take some proactive measures to avoid scams. These scams are unethical practices done by the fraud debt settlement companies to squeeze money out of the mentally distraught debtors. Debt settlement companies are dime a dozen in the market. Some of them do business in fair way but for the rest; it is making money by hook or by crook. So the chance is not slimmer that the debtors will be vulnerable to the deceptive practices of the dishonest debt settlement organizations. 

These companies take advantage of the ignorance of the ordinary persons regarding debt settlement. As these debt settlement scams are increasing at a shocking pace, so you are advised to be doubly alert while selecting a company. Some debt settlement companies cry hoarse to claim themselves as non-profit entities but it often turns out to be misleading, so check into entire matter to find out the truth. 

There two most popular and practiced options for debt problems – debt consolidation and debt settlement. People go for either of them just because their financial condition has got into a mess and they need some immediate relief. If you are experiencing the same, then you must wholeheartedly try to find out a good riddance and should not fritter away money by making haste and ending up selecting a fraud debt settlement company. You are already in heaps of problems, so instead of hurrying up take time and follow advice of the experts to locate a reliable company for debt settlement. 

A debt settlement company plays the key role in solving your debt problems. Remember that debt settlement is an expensive and time-consuming process. If handled by a trustworthy and experienced company, it will not take much of time to solve your issues. At first, you need to undergo registration process and once it is done, the company takes full responsibility to handle your problems on your behalf. There is no fixed rate for debt settlement process and it varies from one company to another. 

What this debt settlement company does at first is checking your current financial status. Depending on its analysis and findings, it negotiates with your creditors. These companies try their best to reduce your debts to a comfortable amount that you can easily afford.  A good debt settlement company can successfully make reduction in your payment by 40-60%. The most authentic firms efficiently deal with your problems whereas the debt settlement scams companies make fake promise and handle your case in such a way that it leads to a complete financial chaos. 

It is true that even the most genuine companies are in the market to make money and earn profit but they do it on the strength of their honest service while the scam companies prey on the hapless debtors and have no intention to better your financial state.

Reduce Stress To Save More Money

There are countless ways that people try to be more financially prudent, spend less, and save more. They make detailed budgets and stop eating out at restaurants. They consult financial advisors and start putting more earnings towards investments. They seek out a Green Dot best prepaid debit card or simply just use cash in an effort to reduce impulse purchases. The strategies go on and on.

But few people try to reduce their stress levels as a means of achieving greater financial health.

Yes, stress. We all know that stress is an unfortunate side-effect of modern life, and all of us probably want to – and take steps to – reduce our stress levels whenever possible. But stress isn’t just something that impacts your health and well being; rather, it is an emotion that has a proven influence on your wallet and on your bank account.

Research conducted at Coventry University Business School and at Duke University found that happier people tend to save better invest smarter, and generally make prudent financial decisions. They are further more likely to exert self-control when it comes to spending and make choices that take their long-term financial future into account. In short, happy people are personal finance experts when compared with the general population.

And how can we become happier? Happiness is such an intrinsic quality – one that you either have or you don’t, one that you can either realize or cannot. But there are several ways that people can concertedly try to make themselves happier, stress reduction being foremost among them.

So perhaps this is a better question to ask: How can we reduce our stress levels? Most stress is work-related, so finding ways to switch up the daily routine can always be beneficial. One can rearrange their work schedule, try to take on different projects, plan weekend getaways, or make an effort to occasionally work from home. Of course, your ability to reduce your work stress varies considerably based upon the nature of your job.

Perhaps a more sure way to reduce stress is by exercising on a regular basis. Exercise has been shown to be an excellent stress-reducer because it breeds newer, “calmer” brain cells that give us a greater buffer against pressures and anxieties. Whenever stress builds up, then, go for a run. It might make you more relaxed and, ultimately, make you happier in the long run.

It all comes down to a matter of personal effectiveness. What makes you stressed? How can you target and minimize this pressure source? Asking these questions may just be an important first step towards improving your long-term finances.

How Debt-Ridden Housing Holds Back U.S. Recovery: Mian and Sufi

There is an emerging consensus that housing is weighing down the U.S. economy. The Federal Reserve’s housing white paper in January declared that “ongoing problems in the U.S. market continue to impede the economic recovery.” The 2012 Economic Report of the President argued that “declines in housing wealth can have a far greater effect on the economy than equivalent losses in other financial assets.”
Are these arguments sensible? Why should declines in house prices affect the broader economy? And why should the drop in housing wealth matter more than, say, a drop in stock-market wealth?
The key to understanding these questions is a four-letter word: debt.
In the absence of debt, economic theory tells us that house-price declines should have a negligible impact on aggregate output. To understand this argument, imagine a young recently married couple who own a one-bedroom condominium. They plan to start a family soon, and are looking to buy a bigger, more expensive house in the same neighborhood in the next few years.

Given their plan to upsize, a decline in house prices in the neighborhood makes them unambiguously “richer.” In the parlance of finance, the young couple are “short” housing services, and are better off when the price of such services declines.

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Saving Money At The Grocery Store

When we look to save money and stay out of debt, most people look to long-term solutions or try to cut big-ticket expenses. They look to downgrade their home, seek out a higher-paying job, or try to figure out whether an individual retirement account should be part of a savings plan. They forgo vacations and cut back on car purchases and technology costs, among many other measures.

There is nothing wrong with taking a big-picture approach of this sort, but anyone looking to cut expenses and avoid debt is best served to also consider their spending on a daily basis. While the money we spend on the average day may not be much, the aggregate effect of this spending can add up quickly over time. This particularly applies to our food budgets. The FDA estimates that a family of four spends over $200 per week on food costs. Extrapolate that number over time and you’re looking at a pretty decent amount of money.

The FDA also estimates that a “thrifty” spending plan can reduce costs for that family by over $50 per month. This can translate into a savings of $600 per year. How can these savings be realized? Here are a few tips:

-Plan your meals beforehand- Many people go to the grocery store and buy those ingredients and food products that they think they need – not simply those that they actually require. You can avoid this mistake by planning out all your meals for a two-week period before going to the store. This way, you can insure that you buy only what you need and nothing more.

-Buy high-nutrition, low-cost foods- Not all foods are created alike. Some are low in nutritional value and high in price. Others are cheap yet full of healthy calories. It’s that second category that you want to target while planning meals and shopping for foods. Products such as rice, beans, eggs, pasta, and tuna are all great options here.

-Go vegetarian- There’s no question that a meat-heavy diet is more expensive than one that minimizes such purchases. Becoming a vegetarian, consequently, can help you eliminate some of the costliest food options that you otherwise would purchase.

-Purchase non-perishables in bulk- You can save considerably on non-perishable items by buying them in bulk and storing them in your basement or cellar until they are needed. Stores such as Sam’s Club and Costco are great places to stock up on canned foods, condiments, paper plates and utensils, napkins, and any other non-perishables that you may use.

Following these steps should hopefully help you start saving on your weekly grocery budget. While $50 may not seem like a huge amount, the benefits add up quickly and – in the long run – can greatly improve your budget and your bottom line.

Understanding ISA

ISAs are a popular type of savings account that is used by millions of people in the UK. However, if you have never had one before, you may not be entirely familiar with what ISAs are and what they do. Read on to find out more about understanding ISAs.

What are they?

‘ISA’ stands for individual savings account, and the aim of ISAs is to allow everyone to save a certain amount of money every year tax-free. This means that while you normally have to pay tax on the interest you earn on your savings with other types of savings account, this isn’t the case with an ISA.

What are the main types?

There are two main types of ISAs: the cash ISA and the investment ISA.

Cash ISAs allow you to save less than other types of ISA but all of the money you save in the account is guaranteed and you can access it whenever you need it, which makes these accounts very popular with a lot of people.

Investment ISAs commonly take the form of a stocks and shares ISA. This type of ISA allows you to save more money every year, which can be appealing for anyone looking to maximise their tax-free savings. Most shares ISAs are linked to the stock market – often carefully-selected FTSE 100 companies, but other high performing listed companies can also be chosen, such as those that have a good track record on the environment.

How much can you save?

There is an annual limit on ISAs, which changes every year so it is worth keeping an eye on this to make sure you are getting the most out of your ISA allowance. For the current tax year (2011/2012), you can save up to £5340 in a cash ISA.

For a share ISA, you can save up to £10680. There are two options related to investment ISAs in terms of how you save your money. One option is to save the total amount in the form of stocks and shares investments. Your other option is to save half in the form of shares and half as cash.

What are the risks?

It is important that you are aware that there are some risks attached to investment ISAs. This is because their performance is dependent on the market and so, while there is very good potential for you to receive very good dividends, your investment can also go down as well as up. However, if you look around for the best stocks and shares ISA, it should be well-managed and so risks should be kept to a minimum.

Also, it is advised that you plan to save in your stocks and shares ISA for the long term to give it the best possible chance of performing well. You could also consider a gilts and bonds ISA if you prefer, which has less of a risk attached but can still offer good returns.

Overall, make sure you do your research to make sure you choose the investment ISA you think would be best for your needs.

Work From Home: 5 Ways to Earn Extra Money

Times today are tough, so whether you’re a student, a stay at home mom, or an employee whose hours got just reduced, the chance to make money would be a blessing. Blessings don’t always have to be God sent; they can also be man made. Effort and initiative goes a long way, so if you want to make extra money from home, here are 5 ways to generate additional income:

1. One effortless way to make money from home is by the sales of items you have around the house. Aside from holding a garage sale, you can also post household items you want to sell on online sites such as EBay. Using an online site promotes your sale to a wider audience than just your neighborhood. Due to the tough economy, you don’t want to just get rid of unnecessary or unused clothes, furniture, books, or household appliances. By auctioning off your items, people who’re looking to spend less will also stand to gain. Check out Cash4Books.net; it pays well for newer hardcover books or textbooks.

2. Online writing is the right direction if you want to earn extra money from home, or even if you want to work full-time as a home based writer. Several sites such as eHow, Bukisa, and Hub Pages welcome well-written articles from contributors. Blogging is also a great way to make money; you can launch your own blog. In order to do so, you would require a good topic, research, and dedication to pull it off.

3. A lot of work can be done online, even if you aren’t a writer. If you’re a teacher, you can earn money tutoring people online at such sites as Tutor and ETutor. You also don’t have to be a teacher per se, just an expert in a certain field.

4. In line with online work, several sites also offer professionals from different industries (from web and software development to customer service) a chance to earn extra income. Check out Craigslist for job postings or register with oDesk to find part-time or full-time work.

5. Make a business from your skills and hobbies. If you like to bake or cook, you can sell these to neighbors, friends, and even your co-workers, thereby making a tidy profit. If you’re good with your hands and like to make crafts like handmade jewelry, decorations, or even personalized t-shirts or mugs, you can post these for sale online in Facebook or take orders in person.

There are many opportunities to make extra money from home, especially if you know where to look for opportunities online. Networking is also a very important skill to utilize; this enables you to market whatever products or skills you may offer to others in order to earn additional income.

One word of caution, especially when working from home: there are many scams that take advantage of the popularity of working from home, so check the companies or sites you are thinking of working for. Nothing ventured is nothing gained, but also be wise about where you put your time and effort.

When Buying the Expensive Version Can Save You Money

Usually buying the expensive version of a product or service would seem counterintuitive to saving money. In fact, being frugal doesn't seem to have any link whatsoever with indulging on expensive things. Let me explain why there is a connection and why it's not as tenuous as you may think. No, I'm not leading you down the path to selling your house and moving all your stuff into StorageMart. What you're about to hear are actual ways in which buying the expensive version of something can save you money:

Buy a fuel-efficient electric or hybrid vehicle: While the upfront cost of a hybrid is comparable or a bit more than a new gasoline powered car, the money you save on fuel and emissions updates will even out the costs. Depending on the year and model of the hybrid you buy, you many even wind up saving more money in the long haul. Also, you'll be helping the human race save money on cleaning up the environment.

Buy high-quality coffee beans: Stopping by your favorite coffee shop every morning can easily lead to a monthly tab of $100 - and that's assuming you don't also need a caffeinated pick-me-up throughout the day. By buying high quality coffee beans, which run about $15 a pound, you will be able to reduce your monthly coffee bill to about $30 by bringing your own coffee from home. Another reason to buy high-quality beans is that they will keep you riding a more potent, smooth wave of caffeine exuberance, making you need less coffee throughout the day. So invest some of your scratch into top-notch fair trade beans and save yourself money.

Buy appropriate car insurance: Sometimes opting for the more inexpensive option can not only be risky, but downright financially life threatening, and buying car insurance is one of those instances. Getting inferior coverage in order to save $10 a month is not a smart move. If the worst case scenario happens, in which you and the other drivers' cars are totaled and people are injured, you're going to wish you had full coverage on injury and collision for all parties. It could be the difference between a few hundred dollars on a deductible vs. tens or even hundreds of thousands on repairs and surgery costs.

These are just a few of the instances in which buying the expensive version of something can save you money in the long run. Spending more upfront on a product or service is not always prudent, but in some cases it's the right move.

How to Save Money on Your Taxes

With the holidays over, many are looking for quick ways to recover from the excessive spending brought about by the holidays. While refusing to leave the house for the next 3 months and pulling out title loans are always options, they aren't always the most fun or feasible.

Instead of living life to the frugal extreme, many quickly file their taxes so that their refund can get their savings back in the black. However, simply filing your taxes isn't always wise. An improper file can actually cost you thousands of dollars. So before you file, see if you can't write a few of these deductions on your taxes to increase your refund:

Charitable Contributions

You don't have to donate money in order to write off dollars under charitable contributions. In addition to any monetary contributions, you can also write off a percentage of your mileage spent while driving to and from your volunteer destination.

Moving Expenses

If you've had to move for a job in the last year, you just may be able to write off those moving expenses. As long as your new residence is over 50 miles away from your previous residence, you can write off the moving vehicle, gas, and many other moving expenses to increase the amount you can get back.

Student Loan Interest

If you are paying on those student loans still, you may be eligible to write off the interest paid on those loans. In order to be able to write off the interest paid, you have to have paid more than $600 and you should receive a 1098-E form from your lender with the exact amount of interest paid that you are allowed to write off.

Job Searching

If you are like countless Americans, there is a good chance that you spend time job hunting. While not all searches are always fruitful, you can actually write off the expenses that you procured while job hunting.

Medical Expenses

If you have had to pay a high amount in medical expenses this last year, you may actually be able to write them off. However, to qualify, your medical bills must be unreimbursed and must exceed 7.5 percent of your adjusted gross income.

Filing your taxes always seems to be a daunting task for anyone. However, with a little know how and all the right receipts, you can easily file your taxes and get your refund quickly in order to get your finances back on track in the new year.

Why You Should Stick to Those New Year's Resolutions

If you are serious about your personal finance, it may be in your best interest to stick to a few of those New Year's resolutions that you made this year. While many make their resolutions in vain and give up after a few short weeks, choosing to stick with your resolutions can actually help you increase that personal net worth – even more so than switching car insurance policies or putting away an extra $5 a week. Here are a few ways that some of the most popular New Year's resolutions can save you money:

Losing Weight

Losing weight affects more than just your waistline. Choosing to shed a few pounds can actually save you a substantial amount of money long-term. In addition to reducing the amount of money spent on eating out and your regular grocery bill, choosing to lose weight will also reduce the amount you will spend at the doctor's office in the future. Having a lower BMI will also help you qualify for cheaper health insurance rates which can easily save you a couple hundred dollars a year.

Quitting Smoking

There is no denying that smoking is an expensive habit. Depending on where you live, a pack of smokes can reach nearly the $8 mark, and if you are a heavy smoker, that's over $200 a month you are spending on cigarettes. In addition to the outright cost of cigarettes, smoking can also lead to numerous health conditions that can lead to high medical bills in the future.

Getting Out of Debt

Sticking with your goal of getting out of debt is going to save you for obvious reasons – the quicker you pay down debt, the less money you will have to spend on high interest rates. However, paying down debt can help you save money in a few other, less known ways. By having a lower debt-to-income ratio, you are more likely to be approved to lower mortgage and car loan rates which will save you money, and it will also help you keep your credit score high which will keep you from having to pay steep deposits with your electric company or phone service provider.

We all want to keep our finances out of the red, and for many, choosing to stick to those New Year's resolutions is a great way to keep a few extra dollars in their pockets. So before you give up on that resolution yet again, think about how not choosing to follow through will affect your wallet. You just may find that the calculated dollar sign is enough motivation to push through.