Saturday, September 26, 2015
When it comes to debt management, everyone seems to be the expert at what you should do and how you should manage your repayments. There are so many methods to managing your debt that it can be quite confusing as to which one will work best for you and your finances. Specifically, when it comes to revolving credit, which is the type of credit you have on your credit cards, the snowball method has shown amazing results!
With the snowball method, debt management has become attainable to more people as this method is easy to understand and to stick to. So how exactly does this snowball method work? In short, this method for debt repayment, involves paying off the smallest debt first and only once a small debt has been repaid in full do you move onto to paying the larger debt.
With debt seeping out of every corner it’s often hard to decide where to start in debt management, and it can be extremely overwhelming. The snowball method helps you to focus your repayments and really make some headway in succeeding to make your repayments in full instead of throwing a bit of cash here, and a little bit more there, without really making a dent in your mountain of debt.
With the snowball method of debt management, the focus is on the amount owed on each debt, as opposed to the interest rates of the debt that you have. Getting started, requires making a list of all of your debts, in order from the smallest sum owed, to the largest irrespective of the interest rate. However, if you have 2 debts with almost identical sums, the one with the higher interest rate should appear first in your list.
With this list in hand, be disciplined and make sure that you pay the minimum payment required on each of these outstanding debts. Whatever free cash you have left after covering the minimum payments, should be used to determine how much you can pay towards your lowest debt amount. With this schedule your debt management each month will be the minimum payment on each outstanding debt, plus a little bit extra towards your lowest debt amount.
Debt management is a constant task, until all your figures are sitting at zero. Once you move onto your second debt repayment of the next debt on your list, use the monthly cash that you would have put toward you first debt repayment, that has now been paid in full, to go towards covering that extra repayment on your second debt. Again, your schedule should have a minimum monthly repayment of all debts, followed by a little bit extra on the repayment of your second smallest debt. This should continue this way until you have managed to clear all of your debt including the largest one! Not only does this method work, but it also makes you feel good and in control along the way as you slowly cross off your debt from the list.
Sunday, May 31, 2015
Renting houses is the new and easy way to earn money in a hassle free and a leisure manner. One has to sit at home and relax while the income comes. Although, it needs initial investment, it is a very convenient and smart way to ensure that the flow of money is regular and stable. Different places have different rent rates. Places like Mumbai and Delhi would have high rent rates as the population there is high and the no of houses there are constant and cannot match the high demand of the population. Renting is also on rise in the real estate sector as people buy properties for investment and in order to make the most of the investment, they choose renting of the property. This in turn proves to be a win-win situation and everyone is happy. The tenants on getting a shelter, the owners on getting income and the brokers as they get their commission for their services. Chennai is one of the most searched and visited cities as far as renting are concerned. It is a metro city and no wonder it is attracting very much attraction. There is no shortage of 1BHK for rent in Chennai. Each and every type of property is available on rent in Chennai. Therefore, while renting out, one must follow these tips:-
1. Quote the price higher than actually expected - this is a method by which the owners can play with the psychology of the tenants. Quoting a higher price will eventually bring down the price to the expected price as people are prone to bargain and negotiate with the owner. This will make the tenant happy as to they have succeeded in bargaining and convince them to take the house at the decided rent!
2. Provide furniture: - this is a method to ensure that the property is rented very quickly. There is no doubt that there are plenty of people looking for a good property and there would be many options matching their need including yours. What can be done to pull them towards your property is to offer furniture. People do not even mind giving extra bucks for the furniture provided by the owner as it eliminates their hassle to transfer or buy property. This will also enhance the speed of getting the property on rent!
3. Use internet and smartphones: - this is a very smart way to publicize and market the property. Today, there are many websites as well as smartphone apps, which help in getting the property rented. Websites like Housing.com simplify the task of renting properties and make the property search process a cakewalk. One can get anything from a plot for sale or 1BHK for rent in Chennai on Housing.com. Additionally, the user-friendly interface and the quick response with maps is a great facility on the website to add cherry on the cake of this simple process!
4. Social media marketing: - another great and upcoming method to market the property is through the social media. Facebook, twitter, and instagram have also become a great tool to do business. Whatsapp is the king when it comes to smartphones and publicizing on the smartphone. Witness the power of social media by using it!
Thus, the above are the ways in which one can get their property on rent in a quick and swift manner! Making most of the available resources is one of the wisest steps one can take to ensure great progress and success in the task. Therefore, be wise and achieve success!
Saturday, May 16, 2015
It’s never too early to save for retirement. In fact, the earlier you start saving, the better as current information regarding US Social Security raises multiple questions regarding the program’s solvency for future retirees. Thus, it’s up to you to take responsibility for your future and start saving now.
Here are 5 Ways to Boost Your Retirement Savings:
1. Create a Budget and Set a Goal
There’s more to retirement than mindlessly stashing money away in a savings account to which you pay little attention. Create a plan for your retirement by creating a monthly budget and settinggoals. Start by asking yourself where you want to be financially when you reach retirement age, and then educate yourself on the best way to achieve those goals.
2. Start an IRA
Individual retirement accounts are perfect for any individual looking to start their retirement savings, and you have the option of either a traditional IRA or a Roth IRA to choose from. Each have their benefits, and a certified financial advisor can help you decide which one is right for you. What’s more, you can roll over any retirement savings you have from old jobs into these retirement accounts so that your money continues performing for you.
3. Participate in Your Employer’s 401K
If you aren’t participating in your employer’s 401K plan for retirement, you should be. Many employers offer these plans with matching contributions. Every pay period, you put a percentage of you paycheck into the savings plan and your employer matches your contribution. Keep in mind, however, that employers typically require a minimum amount with regards to your contribution in order for them to start matching, so find out what that is and take advantage of it.
4. Cut Needless Costs to Your Lifestyle
If you are sufferingcrushing debt from multiple bills, this can severely disrupt your ability to cut costs in the long run. As such, there are ways you can consolidate you debt and eliminate needless expenses. In fact, some loan institutions offer you the ability to receive a 2000 cash loan to help you combine you debt so that you only need to focus on one bill a month. Remember, however, this is a loan. The faster you are able to pay it off the better so you can free up cash for retirement.You don’t want to wind up in an endless cycle of debt. Find where to cut expenses in your budget, and start cutting.
5. Apply for a Better Paying Job
Applying for a better paying job offers you the chance of more cash to stash away in retirement savings. If you have years of experience in a field that can transfer over into a better paying job, take advantage of the opportunity.
Overall, remember: be resourceful when it comes to saving money. There are many ways to boost your retirement fund, and the above list is just a small sample of what you can do.
Friday, May 15, 2015
Home entertainment can be quite expensive, especially if you're hoping to get every channel on your TV, plus DVR recording, HD content, On Demand, and more. But today's best TV providers offer a variety of packages to suit everyone's needs and to meet everyone's budget requirements. Plus, there are surprisingly simple strategies that you can employ in order to save more money on other forms of entertainment, from music to movies, so you don't have to spend so much every month. Check out the tips below to learn more.
Switch from Cable to Satellite
If your local cable providers are charging you way too much money every month to get the same channels and services that everyone else is getting for less money, it's time to do your research and switch companies.
Many people choose to switch to satellite providers like DISH because they tend to be more reliable, more affordable, and able to provide you with hundreds of channels and all of the extras, such as DVR recording, that you're in search of.
Rent Movies Rather Than Buying Movie Tickets
Sure, you'll have to wait to see a highly anticipated movie, but if you have the patience to wait until the movies come out for rent, you'll be able to save quite a bit of money over time. With $1 DVD rental services, libraries that rent out movies for free, and companies that provide subscriptions to rent movies throughout the month, you'll be able to catch all of your favorite movies without having to spend a lot of money going to the movies and purchasing expensive tickets and snacks.
Wait for Discounted Movie Tickets
There are many movie theaters that provide discounted movie tickets for films that have been out for a while. So, again, you will need to be patient and you won't be able to head off to the theater to see a movie on opening night, but the wait will be worth it because you will save a few dollars on the ticket. Check out the deals offered by local theaters, but also look online for special deals and promotions from coupon sites and deal sites like Groupon.
Use Free Music Streaming Services
If you love listening to music while you work or even when you are sitting outside in your backyard relaxing, consider streaming your favorite songs rather than spending a lot of money purchasing music in the form of CDs and mp3 downloads. There are many services, such as Spotify, YouTube, and Pandora, that you can use to stream albums and songs for free, as long as you're connected to Wi-Fi.
Getting your entertainment at low to no cost is easier than ever, thanks to satellite TV providers, free music streaming services, and a variety of ways to rent your favorite TV shows and movies. So before you go over your budget every month, consider switching to these strategies so you can save money that you can spend elsewhere with your family and friends.
Wednesday, February 18, 2015
With the revival of the property markets, more and more builders are confidently launching new projects across all territories of India. The same is the case with Mumbai; which had experienced a rise in purchase costs of properties at the start of the year. The suburban regions of the city are witnessing a brisk demand in new properties. Mulund has emerged as a hot property destination. The suburban region is well connected with the main city via bus and train route. Now there is a spurt of real estate development in the locality. Some of the biggest names have acquired land and launched their projects. One of the most potent among them is the Nirmal builder who has been around for three decades in Mulund.
Details of the Project by Nirmal Group
It is believed by many that the Nirmal Group is responsible for the development of Mulund and its current status of a residential property hot spot. The group has been around for almost 30 years now and has a marked presence in the locality. It is a well known brand in the region and hence its latest offering comes with the promise of timely delivery and world class amenities. The new project has been named Nirmal One Mumbai and is a luxury offering from Nirmal Lifestyle Mulund.
There are currently four buildings under construction in the residential wing. This component has been named ‘One Spirit’ and would comprise of many variants of apartments. There are 1 BHK, 2 BHK and 3BHK houses offered here.
While the 1 and 2 BHK have only one variant, the 3 BHK apartments come in two variants. The floor area of the smallest apartment is over 600 square feet while the biggest ones boast of area beyond 1600 square feet. The availability of numerous commercial establishments alongside is what makes these properties so alluring.
The luxury component of the project does not only lie in the apartments (which have a larger area when compared with the standard accommodations in Mumbai). It is the amenities which steal the show. The project comprises of indoor playing facilities along with swimming pool, gym, spa and Jacuzzi. The vicinity to the Nirmal Lifestyle Mall and the proposed commercial spaces in the vicinity are set to raise the demand of these properties in the times to come.
Pricing of Nirmal Project
The house price in the prelaunch phase ranges from a little under Rs. 78 lacs and goes a little beyond Rs. 2 crores. The accessibility of the L.B.S. Road and the road connectivity to Mumbai enhances the importance of the project all the more. The 1 BHK apartment costs the least. The 2 BHK houses in the project have a price tag of Rs. 1.1 crores. The 3 BHK apartments come in variants with a price tag of Rs. 1.43 crores and Rs. 2.05 crores. This project is guaranteed to give the residents an “uber lifestyle experience”, which is not easily gained in the absence of amenities that come with this project.
Anyone who wishes to learn more about these projects can log into the housing.com portal and then selecting the ‘New Projects’ section.
Tuesday, January 13, 2015
Stock options valuation also known as options pricing is probably one of the least understood parts of options trading and also one of the most dangerous assumptions that traders make. A stock options price does not always move in tandem with the price of the underlying stock. There are six factors that control the price and profit potential of options. First—the current market price of the stock. Second—the strike price of the option. Third is the remaining life of the option. Fourth is the volatility. Fifth is the interest rates and sixth is stock dividends.
With all things being equal, if a stock goes up in value, then a call option will go up in value and subsequently, a put option will go down in value. Calls and Puts essentially operate opposite to each other as far as the pricing is concerned. These days, large companies are focusing a lot on stock options. They may use them as a part of employee compensation packages or they may use them to conserve cash. Regardless of the purpose, the company needs to have some idea of the value of the options that are being exchanged.
There are some widely accepted techniques for stock options valuation, but the Black-Scholes model is the most commonly used model for stock valuation. If the options of publicly traded companies need to be evaluated, the Black-Scholes model is considered to be the best. In addition to this model, the Gordon Growth model can also be used to estimate the stock price and volatility variables. As a fund manager or as a consultant, you need to suggest a reasonable way to estimate the value of options for publicly and non-publicly traded companies. There is a lot of uncertainty in the stock options and by increasing the credibility of the stock option valuations, fund managers can pick up the right options for the companies.
There are several benefits of using the best measurement technique for stock options. The biggest benefit is that it improves the reliability of financial statements of non-publicly traded companies, which are currently into issuance of stock options.
If you are planning to invest in stock options, you can do it on your own, but you will have to be good at financial analysis. If you are not, then you can opt for some of the best stock option services. Information that you get on stock options can be convoluted and complex. You will need the best stock valuation services that provide you implicit information on these stock options. Most stock valuation service provides have teams that comprise economists and financial professionals.
These professionals have the expertise and the experience to offer in-depth information and accurate financial analysis. These consulting companies gain stock valuation expertise by working very closely with some of the best multi-national companies. While selecting stock valuation services, you need to check out of the company is committed to meeting deadlines, while providing high level of service. These services generally cater to corporations and several other legal and financial communities around the world.