Business Startup Toolkit

A toolkit developed for the Small Business Administration that let’s community-based organizations set up workshops for aspiring business owners.

This post is aligned with a network of sites interested with the intersection of small business, the philanthropic sector and government in creating healthy and sustainable communities.

For more information on small business grant and home ownership programs visit TopGovernmentGrants.com.

Manage Your Money, And Reap The Rewards

Financial issues are a leading cause of stress and depression. Don’t be one of those people! No matter what your finances look like, things will look better if you take steps to improve your financial habits and get your bank account into better shape. Continue to read to find out how to improve your finances.

Success starts with managing money well. Profits should be protected and capital invested. If you put your profits into your capital you can build a better foundation; you need to keep a careful watch on them so you can see more profits. Set standards for profits and what you put into capital.

Save a ton of money while traveling abroad by avoiding the touristy areas and opt for local restaurants and cafes. Various hotel and other restaurants are tourist areas that tend to be very expensive, so research where locals eat. You can find quaint restaurants with lower prices and great tasting local cuisine.

Taking note of each and every expenditure is a great way to discover where your money tends to go. Though writing in a book that can easily be put away so you don’t see it often will allow you to forget about it and not use it. Instead, create a big chart or board at home and use that to list all your expenses. Seeing this multiple times a day can help keep it fresh in your mind.

If you are going to invest your money, make sure you aren’t hit with massive fees. Full service brokers levy fees for services they provide. These fees will take away from the money that you earn because they are paid before you get your earnings. Avoid patronizing brokers that charge high commissions, and do not invest in funds that have high management costs.

Rather than using a credit card that is close to being maxed out, use two or more credit cards. Two payments will have lower interest than one high payment. Keeping lower balances on two cards, rather than maxing out one card, protects your credit scores and can even improve your credit history if you keep both cards paid on time.

If you travel by air frequently, it can be worthwhile to sign up for a program that rewards frequent fliers. Most credit cards have some sort of rewards program that allows you to redeem points for cash or gifts. Your frequent flier miles will constantly increase and are redeemable at thousands of hotels or airlines across the world.

If a credit repair company guarantees a better credit score, run away screaming. Some companies may say they can absolutely fix your history. However, this is a misleading claim because the cause of your poor credit may differ from the cause of someone else’s poor credit, and these varying factors require different treatment methods. To guarantee success would be a fraud and no one should make this promise.

Financial Situation

You should be feeling happier and more confident now that you have some ideas about how to fix your financial situation. You need a few starting points on how to improve your individual financial situation. With a new sense of hope, share this material with a friend who may be in need.

Check Out These Great Credit Card Tips

Bank cards are usually associated with high interest rates and bad spending decisions. If used properly charge cards can benefit users on many levels including rewards and perks, convenience and peace of mind. Read on to learn how you can use credit cards in a positive manner.

Never charge items on bank cards that cost far more than you have to spend. Though you may want to use a card to make a purchase that you are certain you can repay down the road, it is not smart to buy something that you clearly cannot easily afford.

Credit Score

Before opening a store credit card, look into your past spending and make sure that it is high enough at that store to warrant a card. Each time a retail store inquires about your credit report, it gets recorded, regardless of whether you actually take the card. A lot of inquiries from stores can lower your credit rating.

If you want a credit score that is good, be sure that you’re able to pay credit card payments before it’s due. A late payment can do a number on your credit score, and can also require you to pay pricey fees. Establishing automatic payments through your bank can be a great way to streamline the process and generate savings.

Know what interest rate your card comes with. This is very important: prior to singing up with a credit card company, be sure you know what rate you’re paying. If you don’t go over this you may have to pay a lot more monthly than you expected. If the rate is higher, you may find that you can’t pay the card off every month.

You surely wish to steer clear of late charges as well as over limit fees. Both fees are pretty expensive and can also affect your credit score. Track your spending carefully so that you don’t go over your limit.

Always track your credit card purchases, so that you do go over budget. Noting down your credit card expenditures on paper or a spreadsheet will make you less likely to start spending money you cannot afford to repay.

Charge Cards

Try to pay off the balance on all charge cards every month. In general, it’s best to use charge cards as a pass-through, and pay them before the next billing cycle starts, instead of as a high-interest loan. Credit helps to improve a credit score, but you must pay off the balance each month to avoid interest charges.

Create a budget that is not impossible to adhere to. Just because you have a limit on your credit card that the company has given you does not mean that you have to max it out. You can minimize the cost of using a credit card if you stick to a budget that allows you to pay your balance off in full every month.

You should develop a budget for your credit card usage. You should be following a budget anyway so make sure to add your credit cards to it. Your credit card is not extra money, so never view it this way. Figure out a set amount that you’re comfortable with setting aside to make payments on your credit cards every month. Restrict your credit spending to that amount and pay it in full each month.

Credit Score

It is important that you have a good credit score if you desire a good credit card. Creditors use your credit score to determine what sort of card they are willing to offer a potential customer. The best bank cards are usually reserved for those with high credit scores.

When used carefully and thoughtfully, bank cards deliver unmatched benefits. From peace of mind to greater flexibility to significant rewards, there are benefits to a credit card that almost anyone can enjoy. Use what you’ve just read here to succeed with your cards.

If you are searching for a new card, you should limit your search to the cards with low rates and with no annual fee. With the plethora of suitable credit cards available without annual fees, there is simply no reason to get stuck with a card that does charge one.

Debt Consolidation Made Easy For Anyone To Do

Are you acquainted with debt consolidation loans? Perhaps you’ve accumulated a large number of debts with different interest rates, and things are spinning out of control. It’s probably time for you to take care of your finances and this is what debt consolidation can help you to achieve. In this article, you will find some valuable information about debt consolidation.

Check out your credit reports closely. It is important to figure out what happened to get you in the position you are in now. This helps you avoid making the same mistakes again.

Is a life insurance policy something that you have? If you really need to pay off some debt, consider cashing in the policy. Contact your insurance agent to find out how much you could get against your policy. It is sometimes possible to borrow a portion of your policy’s value to reduce debt.

If you are looking towards debt consolidation to take of your bills, never fully trust a company that says they are non-profit, or you run the risk of being over-charged for the service. That term is frequently used by predatory lenders that want to give you bad loan terms. Check with your Better Business Bureau or try to find a service that someone can recommend.

Debt Consolidation

See how debt consolidation interest rates are formulated. Fixed interest rates are the best. The payments will remain the same throughout the loan. Adjustable rates on a debt consolidation programs should be avoided. They end up getting higher and higher, leaving you unable to pay.

It’s never a good idea to take a loan from a company (or individual) that’s unfamiliar to you. They may be loan sharks that are looking to prosper from your poor situation. If you borrow money for consolidating debt, make sure the loan provider has a great reputation and a reasonable interest rate compared to what the creditors are currently charging you.

Before using a consolidation company, ensure they have qualified counselors. Are you going to be working with people who have an organization that certifies them? Do they have a legitimate reputation that you can count on? This will allow you to know whether or not a company is worth the trouble.

Understand that debt consolidation arrangements will not impact your credit score. In effect, with debt consolidation, you will be paying off your debt at lower interest rates and there are only a few cases where your credit rating would be impacted. This tool can be vital to help you clear off all payments.

Before using a debt consolidation program, find out whether or not they offer individualized payment programs. Certain companies will attempt to incorporate the same strategies for everyone, but this is not a good strategy because all debtors have different budgets. Seek out an organization that offers payment plans tailored to the individual. Even though it may be costly at first, you end up saving more in the end.

You should have a better idea of whether or not debt consolidation is a good choice for you. Your decision should not be taken lightly, and it has to be tailored to fit your specifics needs. Rid yourself of debt once and for all! You don’t have to worry about it any longer, so you can live life!

At times, filing for bankruptcy is necessary. Filing for chapter 7 or for 13 will leave your credit score in poor shape. However, if you are missing payments and unable to pay off your debt, your credit may already be bad. Bankruptcy could let you start over.

Personal Finance Tips To Help You Out

Are you lacking confidence because your personal finances have slipped away from you? You are not alone; millions of people share your concerns. Fortunately, there is help for anyone who is willing to seek advice and take action. The advice in this article will help you to get your finances back on track.

Most products come with either 90-day or one-year limited warranties, and if a failure is likely to occur, it will probably do so within that time. Extended warranties are hugely profitable for the business, but not for you.

Having patience can be a good money-saver when it comes to shopping. Many people buy the latest and greatest electronics as soon as they come out. However, if you take a step back and wait for a bit, the price will likely drop. This way, you will have extra money to spend on other things.

Remember that you are entrusting your future to the broker you select, so do your homework before you make your final choice. Ask for references and be sure that your feel comfortable communicating with them. It is also important to be realistic about your level of experience.

Be mindful of your finances by creating financial plans for your future. Having a solid plan can be motivating, as it provides you with a purpose to work hard to prevent overspending.

Health Insurance

Help get your personal finances in order by getting a good health insurance policy. Sooner or later, almost everyone needs medical care. That is the reason it is important that you have good health insurance. Doctors and medical bills can climb into the tens and hundreds of thousands. The bills can leave you in a terrible position financially.

When trading on forex, make it a goal to learn about market trends. You need to have your finger on the pulse of the forex markets, so you can take advantage of market inefficiencies. Make sure that you do not sell during an upswing or a downswing. Have a very clear goal in mind if you are choosing to move your money before the trend has fully played out.

Instead of having a credit card close to its limit you can use more than one credit card. Having to pay interest on two different cards will be a lot lower than paying a maxed out one. Keeping lower balances on two cards, rather than maxing out one card, protects your credit scores and can even improve your credit history if you keep both cards paid on time.

When collection agencies get involved in collecting a debt from you, be aware that they only have a limited amount of time to get it from you; otherwise, the debt can expire. Find out if the statute of limitations on your debt has passed, and don’t pay a collector who tries to collect time-barred debt.

Most debt collectors will negotiate the amount owed on an account. You debt was probably purchased by them for a low price. Even if you only pay a little bit of the debt you owe, they profit. Use this to your advantage and pay a lower price for that old debt.

Almost every new product comes standard with warranty that covers 90 days from the purchase date, and some products are warrantied for a year. Chances are, if your item fails, it will do so within the time frame of the standard warranty. Extended warranties only serve to profit the company you bought them from.

As stated in the beginning of the paragraph, not having a grip on your personal finances can be very frustrating. Once you have learned the proper techniques, managing your money becomes a matter of routine steps each month. Follow our handy tips to get your finances back on track.

Follow This Advice To Repair Your Credit Now

Having bad credit can be a real headache. Decisions you’ve made in the past can have frustrating financial repercussions. Rebuilding credit may be challenging, but it is not impossible. The following tips will assist you in the process.

Fha Loans

Financing a new home can be a challenge, especially if you have a history of bad credit. FHA loans are good options in these circumstances, because the federal government guarantees them. Some FHA loans even cover a down payment or your closing costs.

Develop a plan that works if you are in need of credit repair. Unfortunately, the way that you approach spending money will probably have to be revamped. Pay cash for things, and cut out unnecessary expenses. You should only make a purchase if it is necessary and it fits in your budget.

If your credit card has a balance of over 50% of your limit, it should be your number one priority to pay it off until the balance is under 50%. Once your balance reaches 50%, your rating starts to really dip. At that point, it is ideal to pay off your cards altogether, but if not, try to spread out the debt.

Interest Rates

If you want to avoid giving too much to your creditor, simply refuse to pay towards unfairly huge interest rates. When a creditor hits you with incredibly high interest rates, you may have a case for negotiating to a lower amount. Your initial agreement likely included a commitment to pay interest. It is possible that you can sue a creditor and claim that the interest rate charged is unreasonably high.

It’s easy to lower your interest rate by ensuring your credit score is high. Lower interest rates make paying bills easier, and prevents you from incurring debt. It’s important to look for a strong credit offer with competitive rates; it will make paying off your debt and keeping a strong credit score much easier.

Do not do anything that will make you end up in jail. There are many different places that claim they can help you get a new credit profile. You will be prosecuted, it is against the law. Penalties can include large fines and possibly even incarceration.

Before you sign any debt settlement, research what effects it will have on your credit score. Some debt settlements are better than others. Do your homework and find out how your score will be impacted before agreeing to anything. Some of these creditors are only concerned about getting their money, and not how it will affect your credit.

Check any negative items on your reports carefully when you begin fixing your credit. The debt itself may be legitimate, but if you find errors in its metadata (e.g. the date, amount, creditor name), you might be able to get the whole entry deleted.

Try an installment account to get a better credit score and make some money. An installment account requires that you make a minimum payment each month. It is imperative that you only take an installment account that is affordable. You might see a big improvement in your credit score, if you can handle an installment account responsibly.

Credit Union

Joining a credit union is beneficial if you want to make your credit score better but cannot get new credit. With help from a credit union you might get better rates than at another bank, since credit unions better understand the current area compared to the national situation.

Using the tips from this article will make a dramatic improvement towards your credit score. The greatest thing you can do is to consistently pay your bills on time. Rather than worrying constantly about your credit, start rebuilding it!

Though it is an unsettling prospect, consider asking your credit card provider to reduce the amount of credit extended to you. Not only will this stop you from overspending, it will indicate responsible behavior to a credit card company, and may enable you to get future credit.

Good Advice On The Smart Use Of Your Bank Cards

Having a credit card can be a good way to build a responsible credit history. Being aware of how charge cards work is important and helps people to learn to make good financial choices. The following is a list of credit card basics that can help consumers everywhere to make educated decisions when it comes to their plastic.

The majority of people do not manage their credit cards effectively. While some people understandably go into debt sometimes, some people will abuse a card, and then they start racking up payments they’re not able to afford. To handle charge cards, correctly pay off your balance each month. By doing this, you will have a low balance and help your credit score.

A co-signer is a good way to get your first credit card. You can have a friend, parent, sibling or anyone else that is willing to help you and has an established line of credit. They have to be willing to state they will pay what you owe if you are unable to pay it. Doing this is an ideal way to obtain a first credit car, while also building credit.

Always monitor your balance. Also be aware of what your credit card spending limit is and adhere to it. Going over this limit will result in greater fees incurred. It is going to take a longer time to pay off the balance when you’re always going over the limit.

Check over your agreement, and make sure you understand all the terms before using your credit card. Most companies consider you to have agreed to the card agreement when you first use the card. The print might be tiny, but you need to carefully review it.

Credit Score

If you want to get your hands on a great credit card, watch your credit score. Creditors use your credit score to decide what type of card to offer you. Low interest credit cards with great point options and incentives are offered only to those people with high credit scores.

Develop a realistic budget for your credit cards. Just because you have a limit on your credit card that the company has given you does not mean that you have to max it out. A solid budget lets you stay on top of how much you can afford to pay each month to eliminate your balance and avoid interest charges.

Be vigilant when looking over any conditions and terms. Often, you will find credit companies changing their terms or conditions on a regular basis. These changes may be buried within hard to understand legal terms. Take some time to read through the terms well, because you don’t want to miss important information such as rate changes.

Do not hesitate to ask your creditors if they can give you a lower interest rate. If you have a good payment history with your creditor, you might be able to get better interest rates. A phone call could be all you need to do to get a good rate in which you would be able to save money.

As this article said in the beginning, bank cards are great at helping one deal with their credit and can be beneficial. It is important that you understand everything about your cards, because that will lead you to make better decisions where they are involved. Having a grasp of credit card basics can benefit consumers in that way, helping them to make smart credit decisions.

When you sign credit card receipts, never leave any spaces empty. If the receipt includes a tip line and you aren’t leaving a tip, draw a line in the tip space. If you do not you take the chance of an employee writing in an amount themselves. When your credit card statements arrive, take the time to ensure all charges are correct.

Minority Business Enterprise Centers

Program wherein it aims to support minority-owned businesses by providing them with electronic and one-on-one business development services for nominal fees.

This post is aligned with a network of sites interested with the intersection of small business, the philanthropic sector and government in creating healthy and sustainable communities.

Find additional information and resources on nonprofit information, educational grants and Civic Engagement programs from around the world.

Advice And Tips For Investing In The Stock Market

Whether you are a beginner investor, or a seasoned trader, you can always gain more knowledge about the stock market. Besides buy at a low price and selling at a higher one, there are various beneficial tips to help increase profits! Keep reading to discover how to earn as much money from investing in the stock market as possible.

Stay within reality when setting your investment goals. Everyone is well aware that quick results in the stock market are difficult to come by and that a large number of high risk stock purchases can lead to poor results. When you keep your risk reasonable, you will increase your chance for success.

An account with high interest and six months of saved salary is a good idea. If you experience any financial hardships, the account will help you pay for the cost of living.

A long term plan should be created for maximum success. You will also be more successful if you have realistic expectations, rather than trying to predict things that are unpredictable. Once you have a target for your profits, hang onto the stocks you buy until you reach them.

Don’t think of stocks as something abstract. Think of them as money invested in a company. Determine the value of each stock through analysis of financial statements. This gives you the ability to really consider your options when it comes to investing.

Do not try to properly time the markets. A more solid strategy, historically, is a steady investment of a set amount of money over the long term. Figure out how much you can afford to invest on a regular basis. Commit to making a regular stock purchase with this amount.

Beginners should know that stock market success does not happen instantly. Usually it takes a bit of time before a company’s stock really starts to financially gain, but most people give up before the stock can make it to that point. Remaining patient is a skill you have to cultivate.

Do not forget to exercise your right to vote if you happen to own common stocks. Depending upon a particular company’s charter, you might be entitled to voting rights when electing proposals or directors in major changes like mergers. You will have a chance to vote either by proxy via mail or at the annual shareholder meeting.

Remain within your comfort zone. If you are using an online or discount brokerage to do your own investing, focus your investments on companies that you are familiar with. If you have a history in one field, then you will be better at choosing stocks in that industry than one you have no knowledge of. If you wish to invest in a company you know nothing about, consult an adviser.

Researching companies you’ve invested in, including specific financial, technical and macro economic information, can help you outperform the market. Instead of making your investing decisions based on hearsay, do your own homework on potential company investments. Remembering this advice will help you turn the biggest profit possible from your investments.

The Best Information About Debt Consolidation Is Found Here

If you are spending more than you’re bringing in, debt will start to accumulate quickly. This ends up putting you into an endless cycle of making payments but never lowering balances. Understand debt consolidation by reading this article, then get on the right track.

When searching around for a debt consolidation loan, look for one that offers a fixed rate that is low. Otherwise, you will constantly be worried about expensive adjustments. Look for for a loan that gives favorable terms in the long run and will leave you in a better financial state once it is paid off.

If you get an offer in the mail for a credit card with a low rate, think about consolidating your debts with this offer. You may be able to save money on interest charges this way. Keep in mind that the interest offer that comes with the card may expire at some point, and you should consider paying off the debt before that deadline.

Before you get your debts consolidated, see what your credit report looks like. The first step to gaining financial freedom is knowing what debt you have. Make a list of all your creditors and find out how much you still owe them. You aren’t going to be sure how you should restructure your finances without that information.

Interest Rate

When you’re consolidating the debts you have, be sure you’re thinking about what debts you have that are worth getting consolidated and which ones shouldn’t be. It does not typically make sense to consolidate a loan that you currently have a zero percent interest rate on into a higher interest rate loan, for instance. Look at every debt and consider your options.

Looking into non-profit consumer credit counseling. They can take all your separate payments and merge them into only one payment a month. They can make suggestions about ways to minimize the impact that your debt and debt consolidation will have on your credit score.

Taking a loan to pay down debt may make sense. Contact a loan provider to learn more about the interest rates you qualify for. If you need to, you can use your car for collateral. Having said that, it is important that you pay back this loan in a timely manner; otherwise, any collateral you have will be taken away from you.

You need to look for certified counselors when you are selecting a debt consolidation agency. Agencies such as the NFCC ( National Foundation for Credit Counseling) can recommend reputable companies with qualified counselors. This can help you do the proper thing to start with and deal with qualified and professional people.

Debt Consolidation

Debt consolidation helps you pay off your debts with a single payment and lower interest. While taking on another job or borrowing money can help for a minute, the side effects are often worse than what they are curing. You can solve a lot of your problems by putting this advice about debt consolidation to good use.

If you are a homeowner, consider refinancing to pay off your debts. Rates are low, so it is the best time to consolidate what you owe this way. In addition, you may actually get a lower mortgage payment than your original payment.

Great Ideas For Fixing Bad Credit History

A bad credit score is a source of stress. It can be frustrating when you think back on all the poor credit decisions you made in your past. It can be difficult to get a good credit score, but it’s doable. These suggestions can help.

If you have a poor credit rating, it can be extremely difficult to obtain a mortgage loan for a home. If you do have poor credit, try to get a FHA loan because there is a guarantee that it will be given to you. FHA loans are great for the individuals that do not have the financial capability to make down payments.

Creating a payment plan and sticking with it is just the first step to getting your credit on the road to repair. However, if you are not prepared to alter bad habits regarding your spending, nothing will ever change. Pay cash for things, and cut out unnecessary expenses. Before purchasing an item, ask yourself if it is absolutely necessary and well within your financial means. If you cannot answer each of these in the affirmative, do not buy the item.

Develop a plan that works if you are in need of credit repair. Making changes to become a wise spender means you have to make a budget and rules, then follow them. If you don’t need something, don’t buy it. Ask yourself how necessary each purchase is, and how affordable it is too. If you can’t answer “yes” to each of the questions above, you need to reconsider the purchase.

Credit Cards

If you have credit cards with balances that are greater than fifty percent of the maximum, you should pay those down as quickly as possible. It’s best to keep all of your credit cards below the fifty percent mark! Any time you exceed 50% of your credit limit, your credit rating is affected. Pay off credit cards as fast as you can, or spread the debt out further.

When you have a good credit rating, you will be able to easily get a mortgage loan. One way to help improve your credit is to pay your monthly mortgage payments on time. Having a major asset like a house also looks good to potential creditors. That way, you will be in a better position to secure loans in the future.

If your credit card is carrying more than half of its credit limit, your first priority should be paying it down until it is below 50%. When balances are over 50%, your credit rating goes down significantly, so try to either spread out your debt or, ideally, pay off your credit cards.

This advice can help you to turn your credit score around. The main key is to commit to your plan of action and not allow your liabilities slip by. It is very feasible and possible to rebuild your credit, so just get to it!