Everyone wants to save more money. Saving money allows a person to have more financial freedom and acts as a cushion for emergencies. Saving money is easier than many people realize. There are some steps that everyone can take in order to save more money today. When trying to save money, it is important to take on behaviors that can last. Selling your house may save you a mortgage payment, but without a home your quality of life will be greatly diminished. Saving money is a journey. It takes time to build a quality financial portfolio.
Credit Card Rewards
One of the easiest ways to save money comes from credit card rewards. When making a purchase, using a credit card can give you a certain percentage back. To get emailed our best credit card offers, simply click the link to sign up.
If you have a business, using a credit card for expenses will pay off quickly. This is a painless way to put more cash in your pocket. Business owners can earn thousands of dollars in rewards simply by getting one or two percent back on all business purchases. As a consumer, earning fuel points or travel rewards is a good incentive to use a credit card. By making small changes in your behavior and strategy, you can have success saving money.
Buy In Bulk
Another simple way to save more money is to buy products in bulk. Purchasing in bulk allows you to get a lower unit price on the items you buy. Over time, these small savings can really add up. Buying products online is a great way to source lower costs. Using e-commerce sites allows you to comparison shop on the price per unit before making a purchasing decision. Some large warehousing companies require an annual subscription in order to have access to the best deals. In a lot of cases, the extra cost is more than worth it with the savings you get back.
Write it Down
Write down all of your expenses so you know where your money is really going. Many people make enough to save money for a rainy day or large purchases. The problem is that some simply do not understand where they spend their money. With all of the online software tools that are available today, there is no excuse to not understand where you are spending your money. Start today by examining where your money is going. Many people have been able to save large sums of money simply by cutting out unnecessary expenses. This is the first step to living a life of financial independence by saving more money. Your credit card rewards can be a great way to put extra cash in your pocket. Find your credit card to start saving money today.
Everyone would like to have more money in their bank account. For most people, income is not the issue when it comes to saving. Controlling expenses is the way to save more money. Using credit card rewards can really make a difference over the course of a year. Buying in bulk and writing down all of your expenses are other great ways to accomplish your mission to save more money.
Credit cards are a great way to build up credit and generate rewards. However, many people abuse how credit cards are supposed to be used. Instead of using credit cards responsibly, some people try to borrow as much money as they can to finance a lifestyle they can’t really afford. Credit cards generally have interest rates that are difficult to deal with. When using credit cards responsibly, rewards are a great incentive to proper credit card use. As a consumer, getting cash-back rewards is a great way to save money.
Is Cash King?
There are some people who say that consumers should use cash for every purchase. Using cash can be a good thing, but there are many issues with it as well. Carrying a lot of cash around can be dangerous. Other people enjoy the convenience that credit cards provide. In addition, when paying with cash you do not get any rewards points. Many credit cards give users several percentage points back on their purchase. This is a great incentive to spend money wisely over time. If you want access to the best credit cards, click here to get emailed our best credit card offers.
Features of a Quality Card
A good credit card will have several attributes that make it desirable for users.
Some credit card users have to deal with identity theft at some point in their life. There are several things to keep in mind when it comes to dealing with this issue. The great thing about credit cards is that they will often stop theft before it even starts. When someone steals your cash, you have no recourse to get your money back. When there are issues, having quality customer service is a great thing to have. Generating a lot of rewards points with purchases is a great benefit for customers to have. To see our top credit card offers click the link.
Choosing Your Card
The great news for credit card users is that there are a variety of different cards to choose from. As a consumer, it is vital to choose the cards that will best meet your needs. As a business owner, rewards points can add up quickly through purchases for your company. Other customers travel a lot and would rather get more points for fuel purchases. The more research you do on the front end, the easier it is to make a quality decision.
Responsible Credit Card Use
As a cardholder, it is essential to be responsible with your credit card use. Far too many cardholders look at credit cards as an easy way out of saving up money for a purchase. There is no shame in carrying a credit card balance, but, over time, it becomes easy to rack up debt. The interest rates on the debt are typically high, and it becomes difficult to pay off over time. To find your credit card, make sure to conduct plenty of research for your needs. To take the next step, sign up for top offers today. You will not be disappointed with our great products and customer service.
Financial stress is a major issue for many Americans, with almost 75% reporting they worry about money often. This is not surprising considering how ubiquitous student loan debt and mortgages have become. Along with these, many of us are struggling from rising health care costs and credit card debt. Whatever the cause, for the sake of our health and sanity, we have to get our debt under control.
Get Debt Under Control
Although it may seem counter-intuitive, there are ways to use credit cards to help get out of debt, if used responsibly. These tips will help you to get out of debt sooner by lowering your overall balance. They are not quick fixes, so it is important that you are diligent and faithful in your payments in order to reap the benefits.
Apply for Low Interest or 0% Offers
If you qualify for 0% credit card offers, it may be worth it to transfer some (or all) of your credit card debt to this type card. Make sure to check the balance transfer fee to ensure it does not exceed the amount of interest you would be paying if you leave your credit card debt on your old card. Also, consider the length of the low interest or 0% offer and how high the interest will be raised once the offer period ends. All these factors will determine if the offer is really a benefit to you.
Request Lower Interest Rates from Current Lenders
Most people do not know they can contact their credit card company and request a lower interest rate. If your account is in good standing, you have a good chance of having your request accepted. Many times, you don’t even need to make a phone call and can make the request through a form on the company’s website. Lowering the interest rate will lower your monthly payment and your overall debt amount. It is certainly worth the effort to get out of debt.
Use Current Cards Regularly and Responsibly
Even though you are trying to avoid debt, using your credit cards to prove your credit-worthiness is a stepping stone to getting out of debt. Credit agencies base your creditworthiness on more than the amount of debt you are carrying. Some other components are:
By using one card to pay small bills and paying that balance at the end of each month, you are showing that you can maintain an account. This will help to improve your credit score which will eventually put you in line for better refinancing options (like 0% credit card offers) to get out of debt sooner.
Handle Credit Cards Responsibly
These measures should not be the only ones you rely on in a plan to be debt free, but they are a great resource if used wisely. Credit cards are not your enemy, they are a tool, and can be wielded to help you get out of your current situation. If you are willing to be really meticulous in handling your debt repayment plan and savvy in getting the numbers down, you will see the light at the end of the tunnel before you know it.
If you are interested in researching credit card offers, see if one of these credit cards is the right fit for your needs.
Bad credit decisions do not define your credit score for the rest of your life. There are many ways to overcome your past mistakes. However, the sooner you can turn your credit around, the better. Here are three of the most common bad credit decisions that people make and how you can overcome and repair your credit after making them.
Take these steps to start reducing your debt today.
1. Racking up too much credit card debt.
Credit card debt can seem overwhelming and unmanageable. It’s probably got you wishing you could go back in time and rip those credit cards away from younger you, or feeling like there’s no way out and you’re stuck in a swamp of debt for the rest of your life. Your credit has already been affected, since 30% of your credit score is based on your credit utilization (the percent of your credit limit that has been used up).
Overcoming this past mistake is difficult, but it can be done. In order to be really serious about eliminating your credit card debt, you’ll need to be strict with yourself and completely change your spending habits. You need to completely stop using your credit cards. Do whatever you need to do to completely eliminate your credit card spending.
Then, cut out unnecessary expenses from your budget so that you can put more money towards your credit card payments. Take on extra work, find side jobs, do whatever you need to do in order to pay off your cards. If you have multiple cards, then pay off the card with the higher APR first.
Help yourself to get out of debt. Cut your credit cards or give them to a friend for safe keeping.
2. Not making payments on time.
35% of your credit score is based on your history and ability to make on-time payments to your creditors. If you have a history of missing payments or making late payments, then it’s likely that your credit score has severely suffered and new creditors are not going to want to loan you money. If you’ve had payments go to collections, then you may have marks that will stay on your credit report for years.
You can’t go back in time, but you can make a commitment to make all payments on time in the future. Set a calendar alert or reminder on your phone or computer. Set up text/email alerts with your lenders. Set up auto-payments so that you never miss a payment. Over time, your credit report will show that you’ve turned around and are able to make your payments on time.
3. Biting off more debt than you can chew.
Your debt-to-income ratio is another factor in your credit score and your ability to get approved for new credit accounts. Over the years, you’ve applied for – and received – home loans, car loans, student loans, credit cards, store credit cards, and more. You are so in debt, you have no idea how to start paying it off. Stop applying for new lines of credit. Focus on paying off accounts with the highest APR first. Live well beneath your means until you get a steady hand on your debt.
You’re not the only one who has made bad credit decisions. The good news is that many people have been able to overcome the ones they have made. Take these steps to start living a more financially savvy life today. And if your credit score is still relatively fair, get emailed our best credit card offers. You very well may be able to transfer your account balance to a card with a better APR.
Everyone knows that they need to be saving money and setting it aside for future emergencies. If you have savings built up, unexpected expenses won’t stress you out. However, the act of actually setting aside money each month can be difficult. It always seems like you need every last dollar you earn.
The trick here is to set up a system where you’re saving money without even realizing that you’re doing it. There are so many tools, apps, and systems to help you do this that you’ll begin saving money each month and it’ll simply feel like extra money that’s coming from nowhere.
Implement these money saving systems and watch your savings account grow.
1. Use the Digit app .
This is an app/texting service that was designed to help you save money without consciously doing it. You simply sign up, connect your bank account, and the app tracks your spending and pulls money into your Digit savings account when it feels like you won’t miss it. You can keep this money accruing in your Digit savings account or you can withdraw it at the end of each month to place into your own savings account at your bank. Either way, each time you withdraw feels like you’re simply transferring free money into your bank account.
2. Enroll in a Keep the Change program with your bank.
Not every bank offers this type of program, but if yours does, then this is definitely a savings tool that you should implement. With Keep the Change, if you spend $6.19 on your lunch, your bank will automatically round that purchase up to the nearest dollar amount and transfer the difference ($0.81) into your savings account. Every time that you make a purchase, a small chunk of change is transferred into your savings.
3. Set up an automatic transfer.
This is a slightly more conscious effort because you have to decide how much money you can/want to afford to transfer to savings each week/month. However, once you set up your transfer (even if it’s only $5/week or $20/month), you can just sit back and watch your savings account grow.
4. Set aside extra coins and small dollar bills.
Set aside your extra change each month.
If you’re someone who uses cash for your purchases, this is a great way to start setting aside money. Set aside a large jar or container and put all of your extra change in there. Once you fill the jar, then you can run to a CoinStar machine to cash it all in. Also, set aside your ones and fives. Every time that you them back in change, put them into an envelope and don’t spend them. Every month or so, deposit them into your savings account.
Saving money doesn’t have to be a chore and it isn’t impossible. Start using these ideas to begin building your savings without even realizing that you’re doing it. And be sure not to pull any money out of savings to spend, unless it is for real emergencies, or you’ll never be able to build a substantial savings account.
Need a credit card to also help with unexpected expenses? See our top credit card offers to find the perfect one for you.
Getting a credit card can be exciting. But don’t confuse credit with “free money,” because that’s not what this is at all. Credit cards give you credit on purchases before you pay cash, but at a price. And, that price is usually a ridiculously high interest rate. Follow these credit card do’s and don’ts to avoid falling into a pit of debt from misusing your card.
Money doesn’t grow on trees. Your credit card is not “free money.”
Don’t pay off your card each time you make a purchase.
Using this practice will not do you any good with a credit card – you may as well continue using cash or a debit card for all of your purchases. You want to pay your statement balance every month, not put cash back towards your credit card each time you make a purchase. The only way to really build your credit is if the banks and credit bureaus are able to see a statement balance on your card.
Do pay off your statement balance each month.
You want to have a statement balance each month. You do not ever – I repeat, ever – want to keep an ongoing balance on your credit card. Even with a lower rate, like 14% (which is a low interest rate when it comes to credit cards), a $200 balance is going to add on $2.40 per month to your balance, just in interest. A $2,000 balance will tack on an extra $24 per month in interest. Imagine how high your balance can get at that rate. Every time you get your statement, pay off your full statement balance, not just the minimum payment due.
Don’t use your card for purchases you can’t afford to pay off.
The only way to ensure that you don’t keep an ongoing balance every month is to only use your card for purchases that you can afford to pay off. This way, you can always pay your statement balance without any issues and without racking up any interest.
Don’t scrape for loose change when it’s time to pay your credit card bill. Keep your balance under control.
If you need to apply for a credit card to pay for an emergency high-dollar item, then make sure that you apply for one that offers an introductory 0% APR and pay off the entire balance before the 0% APR runs out. Otherwise, keep your credit card spending under control. Create a budget or leave your credit card at home while shopping, if need be.
Do make your payments on time.
One of the biggest factors affecting your credit score and determining your creditworthiness is your ability to make your payments on time. If you fail to make your payments on time, you’re less likely to get approved for other credit cards or loans in the future. If you wait an excessive amount of time to pay your bill, then it could get sent to collections and put an even harder hit on your credit report.
Don’t fall victim to your credit card’s “free money” appeal. It can only land you in bigger financial trouble later. Use your credit card wisely and only to help build your credit. See our top credit card offers and apply today. And use your credit card wisely.
How much of your time do you spend thinking or worrying about money? According to a report by the American Psychological Association, 72% of adults are stressed about finances. Whether the concern is about needing more income, getting out of debt, or planning for the future, through some specific steps and ongoing discipline, you can get your finances under control.
Monitor Your Spending
The first step in corralling our finances is paying attention to what is coming in and what is going out of our pockets. Because we instinctively swipe our credit or bank card more than spending tedious hours balancing checkbooks, it is a lot easier to lose track of each penny. When we exhibit such carefree behavior, frivolous spending can more readily occur and accumulate.
Controlling Your Cash
For the next month, keep track of every cent you spend. The most important part to making this successful is that you behave normally even though the goal is to eventually improve your financial behavior. If you pay by cash, make sure to save all your receipts and then write down each transaction. If you use a credit or bank card, then you can download your statement at the end of the month. Remember, it’s critical that you are honest in exhibiting your regular spending habits.
Organize Your Debt
In a healthy financial plan, it is important to work on outstanding debt as well as day-to-day spending. Take the time to locate and gather all your latest statements and make a spreadsheet where each row has the lender’s name, monthly payment, total amount owed, payment due date, current interest, and any annual fees. Take the time to call your creditors and see if you can have any interest rates lowered.
Also, do a credit history check by getting your free credit report from all three credit agencies at http://annualcreditreport.com. Make sure there are no incorrect entries on the reports. If you plan on applying for credit, a negative entry could affect your ability to get your application accepted. If there are any mistakes, follow the instruction from the agency in disputing an entry.
Make a Budget
The next step in taming your money is making a budget. You can do this using pen and paper, or you can use a spreadsheet program, or an online tool like Mint. In your budget, list your income and your expenses. This will include large items like your mortgage/rent, car payment, student loans, household bills, other loan and credit card payments, as well as smaller items from the expenses you discovered while tracking your spending.
Rock Your Budget
A budget helps you to clearly see if you are spending more than you are bringing in, allowing you to make needed adjustments. If you are spending too much, what are areas that you can cut? Having to remove items can be a little disheartening, but it is actually an important part of exhibiting control over your money! Be encouraged; know the sacrifices made today are shaping a financially successful tomorrow. If there is money left after your monthly expenses are taken out, then it is a great time to secure your savings.
Start an Emergency Fund
A lot of people struggle with starting an emergency fund because there are always other things to do with money. An emergency fund is like life insurance, you hope you won’t need it, but in a tough situation, you’ll be extremely happy you have it. What would you do if you had an extremely expensive house or car repair? How would you cover expenses if you lost your job? Costly emergencies like these are a common reason people fall into debt. If aggressively tackling debt or dealing with a really tight budget, it’s recommended that you start with $1,000 until able to build up to six months of income saved.
Take the time to carefully organize your finances and come up with a budget and a plan for debt repayment. If avoided or neglected, money problems will continue to flare out of control. With patience and persistence, you will be successful in managing your finances.
Need help building your credit? See our top credit card offers.
It doesn’t seem fair. You’ve avoided temptation and refrained from spending all your money on frivolous pursuits. And you’ve worked hard to graduate from high school. Or get into college. Or get certified in a certain vocation. Or even complete your higher education and earn a two-year or four-year degree.
But, because you don’t have much of a (or any) credit history, you’re still not getting any love from credit card companies. Come on! Can’t anyone give a young guy (or girl) a little credit?
“What are we, chopped liver?”
Obtaining your first credit card can be challenging, especially during uncertain economic times. However, there are certain strategies you can embrace that can make this process easier.
Are You Prepared?
First and foremost, you need to be sure that you’re actually ready to have a credit card in your wallet or purse. That means familiarizing yourself with everything from what interest rates and grace periods mean to which factors impact your minimum payments, credit score, and credit utilization. Above all, you have to be mature enough to make your monthly payments on time, keep your balance as low as possible, and resist the urge to make unnecessary or expensive purchases.
Keep Your Options Open
Once you begin your credit card quest, keep in mind that you needn’t limit your search to big names like Visa, MasterCard, and American Express. For many people, it’s easier to qualify for a credit card from a gasoline company, home improvement chain, or apparel retailer. Though its scope is limited, this type of card can serve as an excellent “gateway” card – and will also help you build credit, too.
Another option to help create a solid credit history is what is known as a secured credit card. These cards require a cash deposit as collateral in lieu of income or other assets. Unlike prepaid debit cards, the cash deposit doesn’t get reduced each time you use the card. It’s only there to help guarantee that you make your payments on time.
Make Your Bank Work For You
If you’ve been using a particular bank (or credit union) for a number of years, you should see if the institution will offer you a credit card as well. After all, the bank knows your financial history and, if you haven’t overdrawn your account very often, the bank may deem you responsible enough for a credit card. One tip: Visit a bank branch in person instead of filling out an application online, because you may be able to talk with someone who has the direct authority to approve your credit application.
Perseverance is Key
When browsing through the jungle of credit card offers out there, look for cards that cater to students (if you are enrolled in school) or people with “limited” or “moderate” credit. Those are the types of deals that are more likely to target first-time cardholders. Note: When possible, avoid “bad credit” or “subprime” card offers: Those are designed for Americans with poor credit and often carry high interest rates and fees.
It’s wise to adopt a “wide net” strategy when applying for your first credit card. The more applications you submit, the better your odds are of getting approved (You don’t have to accept all of their offers). And don’t just toss out the denial letters you get. Companies are required to inform you why you were denied credit, these denials can give you clues about how to tweak your application strategies.
Since acquiring a credit card can sometimes be a lengthy process, be sure to keep your eyes on the prize. That means not giving up if you receive several denials, because, if you’re building credit, you could qualify for a card you were turned down for if you reapply six or twelve months later. Finally, continue to take steps to bolster your credit history by paying your bills on time, getting good grades, or getting a part-time job to begin earning income.
GoBankCards Can Help
GoBankCards can be a great resource for young adults like you who are seeking their first credit card. That’s because GoBankCards can send plenty of customized credit card offers right to your email inbox so you can pick the applications you want to submit. So sign up for your free subscription today – and be on your way to getting the “credit” you deserve!
Life is SO much better with a credit card!
One thing that most small businesses have in common? They don’t want to stay small for long.
Small business owners aim to grow their enterprises. While some simply save up enough revenue to use to fund their business expansions, many others finance this growth through debt. For small business owners, that often means using business credit cards.
It’s a great tool for your business to have – if you know how to use it properly.
The National Small Business Association reports that, in 2014, about 36 percent of small business owners turned to credit cards to meet their capital needs. If you are considering this approach, here are some suggestions on getting the best business credit cards for your company.
Comparing Business Credit Card Offers
The first thing to keep in mind is getting the best “metrics” that are associated with your business credit card. These include:
When it comes to credit card rewards, it’s important not to place too much emphasis on the introductory offer or signup bonus. While having a 0% interest rate for six months or 20,000 bonus miles upon signup is nice, they won’t help you in the long term if you get stuck with unattractive rates or fees.
Perks and Rewards
Look for purchasing perks that are suitable for your business. For example, if you travel a lot for business, a credit card with frequent flyer miles could come in handy. If you conduct business outside the U.S., a card with no foreign transaction fees might be appealing. Credit cards which give you discounts on gasoline could cut costs for businesses that use delivery or fleet vehicles. And, if you earn rewards points that can be redeemed for much-needed office supplies or equipment, then this type of card may be more to your liking.
Today’s business credit cards offer more than just rewards and perks; they can also give you access to valuable online tools that can help organize your business. Some of these tools are:
Read the Fine Print
Even more so than with personal credit cards, it’s vital to read the “Terms and Conditions” portion of business credit card agreements. For instance, you shouldn’t just know the card’s annual interest rate, but also whether or not that rate is subject to change without much notice. Familiarizing yourself with payment deadlines and grace periods is also important; otherwise, it’s easy to miss a payment when your business is juggling multiple invoices and expenses. Be acutely aware of the consequences for falling behind on your payments (like an interest rate hike, late payment fee, or suspension of your credit privileges).
A business credit card can help make running your company a little less stressful.
Business Credit Card Tips and Hacks
Finally, here are some other tips for obtaining and using business credit cards:
If you want an easy way to compare credit cards for your business, GoBankCards can help. Not only does the GoBankCards site provide you with dozens of business credit card offers, but these offers can be delivered directly to your email inbox! So if you think your business needs the flexibility and purchasing power of a credit card, check out GoBankCards today!