FINANCIAL FREEDOM

Your complete guide to achieve financial freedom. Proven tips, tools and tactics for you to achieve financial freedom. Make money, save money and effectively manage your money.

Breaking The Habit- How To Stop Using Your Credit Card

Written by Dian Herdiana on 6:31 AM

You know your debt is rising, but still cannot stop using your credit card for purchasing items. Several people get easily dependent on credit cards for everyday expenses and impulsive buys. The fact that you are borrowing money from the creditor for your purchase might be tempting, but the truth is: you must be able to pay it off on time. Neglecting those bills can cause headaches in the future. You might get malicious letters from your creditors, or even receive threatening telephone calls.

Close, Shred and LeaveIf you really want to avoid those from happening all together or if you are starting to drown in your debt, you have to stop credit card usage. Fortunately, there are several ways on how to.

Firstly, many people would agree that closing your credit card account is the best way possible. One and simple call to your cardholder is sufficient enough to inactivate your credit card. Doing so might even quiet down that nagging feeling and desire to purchase items using a credit card. Just think that there might be one situation wherein the clerk says your credit card has been denied; the embarrassment from that situation is reason enough for you to inactivate your credit card.

Shredding is also an excellent way to break the habit completely. You can use an office shredder since it works great on plastic as it does on paper. Since your credit card is shredded into pieces, there is no way that you can swipe it. However, if you do not have a shredder, scissors are great too. Just cut the card into small pieces and make sure that the credit card number cannot be identified by potential thieves.

Another excellent way to stop using the credit card, especially when you go out of the house, is to leave them. If closing or shredding is not your style, try taking your credit card out of your wallet when you are about to go shopping. In this way, if you have the urge to buy something you really do not need, you have to think twice before buying it since you are about to use your own money.

The Shock and What Your Can Do About It
You have been using your credit card for your expenses but have you ever thought about the total amount of cash you spend in interest alone each year? More so, the duration of time it will take you to just pay off your credit cards might shock you. It is all about the numbers and these will put you into shock and can make you think twice before using that credit card again.

For instance, if you have a balance of $1,000 and an interest rate of 14%, it will take you about four and a half years before you can pay it off; that is, if you are making $25 in payments every month. By the time you pay off the balance, you will have paid a total of $347.55 in interest.

Since you know what credit cards can do, you might want to stop using it once and for all. Learn how to say "no" since this kind of discipline can help you stop impulsive buys, thus stopping the use of credit cards. Always think twice about swiping that credit card for your purchases and you would not have to think about repairing your credit in the future.

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Adding Funds to your Account

Written by Dian Herdiana on 9:23 AM

Opening a bank account in the United States of America allows you to take advantage of all the new progress banks have made over the years. Your money is honored the same as everyone's. There are several different options to owning a checking account. You are able to have access to your money 24 hours a day 7 days a week. You are able to access it online or through an ATM machine. There are also several ways to withdrawal cash and add funds to your account.

Withdrawing money allows you to get the cash in hand to pay for something that may not be accessible using an ATM card. If the money is in the account you are able to have access to it immediately. There may be a fee charged to your account if you withdrawal by ATM. If there is a fee you will be aware of it before you are able to withdrawal your money. You are going to know up front any additional costs. If there is no fee you are not going be asked to accept and instead you are going to be given your cash.

When you add funds to your account, you may be able to do this by using the function on an ATM machine or you are able to drop your deposit off in a night depository slot that will be checked the next business day. If the ATM machine is going to accept a deposit it is going to provide you with an envelope to put your deposit in including all your account information and the amount you want to deposit. This works basically the same way the night depository works accept you are notifying your account using the ATM machine that you have made a deposit.

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Wading Through the Financial Aid Options for College Students

Written by Dian Herdiana on 12:16 AM

The world of financial aid is often one of the utmost dreaded parts of obtaining ready to go off to college. Unless you get been offered a filled tuition scholarship sufficiently in advance of graduation, probability are you are going to have to do the work of obtaining financial aid to fund your college years. Financial aid can obviously be one of the extra confusing aspects of going to college. Here are numerous tips to assist you wade through the financial aid options for college students.

Your Foremost Stop - Fill out the FAFSA Form
What is the FAFAS form? As utmost college students understand, the FAFSA have to be your foremost stop on the road to securing financing for your college years. The FAFSA form is the Autonomous Application for Federal Student Aid. It is a federal form that you have to fill out roughly a year before you plan to be present college or university. The FAFSA form is going to ask you for individual report and knowledge about your family's income. By contents out the FAFSA in a punctual style, you naturally become qualified for federal student aid, which may comprehend Pell Grants (aka, autonomous small change), subsidized students loans, unsubsidized student loans, and monetary aid in the form of work-study funds. Pick up the FAFSA form at your local library or college financial aid office. You can even fill out the FAFSA form online.

Seeking Out Private Funding Sources
Another very famous selection is to look for out financial aid in the form of private funding sources. Private funding may intend representing out scholarship help from private companies, which can range from the local supermarket chain to a major bank corporation. Utmost of these private funding sources insist that apply with them straight for a scholarship contest of numerous type, which may incorporate an essay competition or entirely an application with reference letters. Make certain to follow directions watchfully, as each company has different rules and regulations.

Work Your Way to a College Degree -Taking Advantage of Employer Tuition AssistanceNumerous employers offer tuition assistance as part of your advantage package. Every employer is different, so ask your human resources representative if you think that they may be able to assist you with tuition. If you are unemployed and looking for a job, deliberate seeking out employers who offer tuition assistance as part of their advantage package.

Look for Out Specialty Scholarships
Before you go the route of private lending, make certain to put your superlative effort forth when it comes to finding appropriate scholarship opportunities. Just because you didn't make straight A's in high school does not mean that you are not scholarship material. There are numerous specialty scholarships out there that target specific majors and industry. Consult the thickest scholarship discovery guide you can discover for opportunities that suit your situation.

Your Last Stop -The Private Loan Industry
Discovery money for your college years is usually hard if you or your parents do not happen to be independently wealthy. Anyhow, there are numerous options accessible for those who can�FFFD%uFFFDt get their hands on a filled tuition scholarship, federal, private, or otherwise. There is a growing private loan industry that is now making numerous loans accessible for families and college students. Anyhow, if like numerous college students, you discover yourself having to take out a large loan to pay for your studies, you are going to require to do numerous humourless attention rate shopping. Usually opt for a federal subsidized student loan if reasonable, as these customarily lock in a low interest rate and proffer the excellent rates. Anyhow, if this is not reasonable, shop around with different lenders to discover the one with the lowest interest rate and with the utmost flexibility. Make certain to read all the great print.

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Getting Past Contribution Limits for 529 College Savings Plans

Written by Dian Herdiana on 9:24 AM

There are a few biggest investments that almost every family faces - cars, accommodation, and of course, college educations for the children. The importance of having a college degree seems to multiply every day, but distressingly, the expense of attending college seems to grow principled along with it. In reality, the expense of attending college is categorical suppressive for numerous families, and there is no argument to suppose that this condition is going to recondition any time soon, and every explanation to think it is going to really get worse. What are you able to do if money is tight, but you desire your child to get entry to an education that is going to assist them succeed in the job market?

Scholarships and grants assist numerous families, but they rarely foot the entire bill, and student loans are able to be an overpriced burden to saddle onto your child on graduation day. Other difficulty with all of these college funding options as well is that it is impossible for you to understand if you are getting them till your child is really ready to enter college. You are not able to stay that long to programme for education financing if you desire your child to be able to be present the college of their selection. So, what is a keen working family to do to assure that they are going to get the money to put their kids through school? A 529 savings plan can be a tremendous selection.

A 529 savings plan is a state run savings account that lets you protect money for your child's education and gives you a tax break for doing so. Anyone is able to supply to your 529 savings plan, so if grandparents and the extended family desire to assist save, they are able to do so. Numerous 529 savings plans purpose just analogous standard saving accounts, during others pre-paid accounts for schools that let you pay the schooling of a college in advance. The concept is that the price you pay at present is going to be essentially cheaper than the price you are going to pay by the time your child is old sufficient to be present that school (of course, then you have to wish they desire to go there!). These savings accounts admit you to grow your money faster by investing it in the stock and bond market as well.

There is a drawback to these 529 college savings plans, anyhow, and that is the contribution limitation. Each state comes up by its own offering limitation, but they customarily range from $100,000 to $200,000 per family. That may sound like a lot of money, but is it really? Would it be sufficient if your child desired to be present an Ivy League or private university? Would it be sufficient to present numerous children room, board, books, and tuition at even a public state school? If you are facing either of these scenarios, you require to discover a way around the contribution limit on these accounts. There are a few things you are able to do. You are able to get kinsmen set up disjoin accounts instead of contributing to your account, and you are able to get accounts in multiple states. You are able to put your money into different types of accounts - one pre-paid and one savings - for your children. You are able to also get each parent begin an account, if they are single.

The utmost substantial thing to bear in mind about starting all of these accounts and getting around the contribution limit is that you are going to require to know the tax implications for each account. If you get accounts in different states, each state's own tax laws are going to apply to each account. Each account holder is going to be accountable for reporting contributions to their own account. All of this extra work may be worth it in the long run, though, so your child does not have to be anxious about finances are going to working on their degree.

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Reasons for Opening A Bank Account

Written by Dian Herdiana on 7:39 AM

There are several reasons you may want to open an account in the United States when you are a non resident. These reasons depend on a few factors: Are you moving to the United States? Do you have relatives that live in the United States? Do you have a business that you are running in the United States? These questions are going to determine if an account is right for you. You need to be aware of all your options before you make a commitment with only one bank. Each bank is going to offer you a different package and you may need to do some checking in order to find out which package is right for you.

The main reasons you would open a bank account is if you do business in the United States, if you use Pay pal or other services, or you are expanding your business. When you do business in the United States you are going to want to offer your customers several options to accepting payments. If you use Pay pal and other online services to purchase through online auctions and other stores you may find that the fees that are charged is able to soon add up costing you a lot of money to make a few simple transactions. The amount that is deducted from your profit depends on where you live and the amount that you purchased. If you have relatives in the United States you may want to be able to send or receive money without costing you a lot of money. These are the best reasons to open an account

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