Mar 24

Personal Finance Book Review – Money-Smart Kid

By: Gail Vaz-Oxlade (2005)

Published by Collins (An imprint of Harper Collins Publishers Ltd.)

2 Bloor Street East, 20th Floor, Toronto, Ontario, Canada M4W1A8

ISBN 978-1-44341-229-2

Book Price: $6.99

Canada’s #1 personal finance expert

Gail Vaz-Oxlade is the #1 bestselling author of Debt-Free Forever, Never Too Late, and It’s Your Money. She hosts two television shows, Princess and Till Debt Do Us Part, and is a columnist for Chatelaine and MoneySense.ca. Her no-nonsense approach to finance has helped thousands to begin a new life of financial free living.

Financial confidence and control

With 5 informative chapters, Gail Vaz-Oxlade teaches children financial confidence and control. She covers, benefits of giving children an allowance (Ch. 1), the ages and stages of financial responsibility (Ch. 2), training kids to wisely use credit cards (Ch. 3), starting early in life with savings (Ch. 4), and wisdom for spending habits (Ch. 5).

Practical, instructional approach to financial education

With a personable tone, Gail Vaz-Oxlade also confronts with a practical and informative message. Her approach is framed by words such as, “… an allowance not only provides kids with the bucks they need to experiment with saving and spending, it also gives them the responsibility for keeping their money safe and using it wisely.”

Vaz-Oxlade challenges readers in order to help them train their children. In the case of financial responsibility she expresses, “If you want a responsible and independent young adult, keep your hand out of your pocket and let the consequences of your child’s behaviour teach some important lessons.” Experience can be a blunt reinforcing tool!

Gail’s primary approach is centered on practical application rather than mere information. She guides parents to “… show your kids that balancing today’s needs with tomorrow’s wants sometimes means you have to find ways to spend less money.” Her approach does not tend towards a message of lack rather, a

Mar 24

Tips To Get Your Bank Loan Approved

A bank loan can provide you with a large variety of opportunities and a reprieve against financialtribulations. However, while the process for the application of a loan may seem simple, the chances of rejection are equally high. One must be fully prepared before you approach for loans in India especially. In this article, we give you tips to ensure that your application for the loan is approved.

1. Regular Source of Income

This is one of the most important requirements for any bank loan. A steady income proves that you are financially stable ensuring that you are less risky if the banking institute invests in you. All you have to do is prove that you have a regular source of income from a reliable source that is known which also can be verified.

2. Ask Questions

To know about the loan packages and features, you can always ask questions. Most of the banking institutes will welcome your queries and help you with your doubts. Each bank has different loan offerings and features especially for loans in India. Asking questions is a good character as it helps you understands which offers and features suit your preference.

3. Understand your Preferences and Limitation

To get a bank loan, you should first be aware of your credit history and current credit score. If you are unsure of it, get a copy of your history and score and review it. If the score is low, you should decide an alternate plan to increase your score to an acceptable level. There are certain limitations when applying for loans in India based on factors like the amount of your salary, tenure of working years remaining etc. Such factors should be taken into account before you think of applying for a loan.

4.

Mar 23

Why Use a Small Business Bank

One of the most important decisions a small business owner, or any business owner for that matter makes is what bank they are going to use. Small business banking provides a wealth of financial services beyond simple deposits, check writing, and withdrawal. Many small businesses need to establish a line of credit or perhaps even take out a loan. Another one of the many services that small businesses need to setup is credit card processing, payroll services, and automatic bill pay. A small company cannot function without the proper financial setup. In order to withstand the financial needs of a successful business, the company needs to set up an account with a bank that is familiar with small business needs.

In order for a bank to attract small businesses, they need to provide aggressive attractions and a wide variety of services. The bank must offer convenience. For example, many small businesses deal with cash and coin. Therefore, they will likely make many trips to the bank to deposit and withdraw money. A bank must also offer plenty of convenient ATM locations so that the small business can have access to their account at any time of the day or night when they need it.

Many banks charge fees ranging from credit card fees to ATM charges, wire transfer fees, and many other normal fees. As a small business owner, you should not find any surprises. Therefore, do not be afraid to ask the small business bank of your choice what fees they charge so that they are not caught by surprise. Make sure and choose a bank that is upfront about their charges, one that is capable of providing you with the lowest rates, the most feasible financial options, and the best in banking service so that you can run

Mar 22

Kick Start Your Financial Career At Hdfc Bank Careers

HDFC Bank incorporated in 1994 was one of the first private banks in India. Commercial operations started in 1995. If finance is your beat, then HDFC Bank careers is the best option. The bank gives the best service and optimizes your return on investments. The bank offers a gamut of investments and financial assistance at lucrative terms. The employees are trained to keep the best interests of the customers in mind.

Banking industry in India

Banking industry in India has never been better. Private banks after coming into existence have brought in revolution with their advanced technology, customer centric approach, varied range of financial products and convenience of usage. As the banking industry is linked with the countrys economy, the banking industry is estimated to accelerate with the economy of the country expected to go up in the coming years. The banking industry of India is expected to be the third largest in the world. Jet-set your career and grow with the Indian economy at HDFC Bank careers.

Rewards and facilities
HDFC Bank careers give enough scope for the improvement and honing of ones skills. Rewards and recognitions are a part of the bank, as the bank believes in motivating the employees enough to drive the growth of the company. There are attractive incentive plans to hike the performance of the employees. Employees are sometimes given the opportunity for vacation, as part of the incentive plan. The employees are given medical benefits along with other benefits. Women are given maternity benefits. Provident funds take care of the employees security. Ample leaves are provided to the employees.

Recruitment Opportunities
HDFC Bank careers give equal opportunity to fresh graduates and senior people alike. Sometimes, campus interviews are held to infuse energetic blood in the bank. Creativity and exploring

Mar 22

Student Finance Services Helps The Talented To Succeed

Education is the most important thing in ones life. You cannot think of being successful without acquiring the required education. But the financial scarcities sometimes hinders on the way of the aspired students. They cannot afford to get educated because of this lack of money. This sometimes results in wastage of potentiality and caliber of the students and therefore, in order to help them and get their talents out the student finance services are being put into action.

As these loans are available in secured and unsecured these two forms, the students can get these for their requirements by matching it with their situations. You should go for the secured loan only on these conditions that you have valuable property to offer as collateral and you need bigger amount. For bigger financial requirement these loans are undoubtedly the most ideal one but if you do not have anything to pledge as security then there will be no use of thinking about it. The rate of interest of these loans are very low and you will enjoy longer repayment term with it, so go for it if you think your criteria matches with it.

For the unsecured loans no such collateral will be required and the rate of interest too is higher in it. The amount offered is not so big but whatever it is is good for affording the short term courses or those educational programs that demands fewer amounts.

You can use the loan amount for a variety of purposes. In fact, the student finance services are designed in a way to help you in supporting everything that occurs during an educational career. It will help you in taking admission in new session, paying class and tuition fees, getting uniforms and study materials, medical treatments, taking room

Mar 19

Non Status Bank Accounts – An Answer For All Your Business Queries

For the smooth running of the business, bank account is compulsory. But business people with bad credit history find it tough to open one. In such circumstances non status bank accounts proves to be quite beneficial. This account is particularly designed in helping new entrepreneurs to turn into good reputable professional business entrepreneurs. These accounts are perfect for those people who cannot show their revenue and facing dreadful credit ratings. It gives an extra opportunity to the bad creditors to show them a good account holder. One can get this account with no restriction in any reputed bank as a number of high street banks offer this banking service with several services.

Every UK consumer can get this account to structure a new company or to run finances of any accessible business. Non -status bank accounts are accessible without the trauma of prolonged paper work and business strategy. Any individual can take this banking service just by providing your identity and address proof. The documents which you offer with the submission form enable you to create your new bank account to hold your business money.

Whether you are a sole trader, have a partnership firm or a limited company these offer you a number of benefits that helps in construction of your business. Some of the services obtainable by banks are its no credit check scheme which helps everybody to qualify for this account the ideal for people suffering from a poor payment status, Infinite deposits and withdrawals facility, Cheque book and debit card is also accessible. Free and usual updates, Internet and telephonic banking are also provided for more ease.

With these accounts, banks give the individual money manager that look after your account and confirmation of all your transactions. This manager helps you to craft right fiscal result

Mar 19

Benefits Of The Sears Credit Card

The Sears credit card has more purchasing power than most people think. It’s not just for buying tires or batteries or even big screen TV’s. The card can do so much more, a closer look and you’ll see what I mean.

With a Sears credit card, you can buy other things such as tools, clothes, other electronics, shoes and things for the house. Whatever you see in the store can be bought and put right on the card so make no mistake, if your a little short on cash and you have the card, you can still purchase.

What Sears has done, was they partnered up with a major financial institution like Citibank, N.A. which gives them the chance to offer a wide range of offers as well as uses. Those who are out looking for a decent credit card might want to stop and have a look at the Sears card.

Anyone with a good credit history should be able to qualify without any problems and take advantage of any extras that come along with the current offer. Just to give a quick example, let’s say the current offer has a 0% interest or low interest on balance transfers.

For most consumers, they’re going to have to stop for a moment and check their finances to see if the Sears credit card will be a good fit for them. On the plus side, it is a convenience to be able to walk into a place, buy a different variety of items and if need be, put it all on the card.

Another plus about the Sears card is that you can use it at Kmart, Kmart.com, Sears.com, Sears Essentials, Sears Grand, Sears Hardware, Sears Auto Centers, Sears Hometown Stores, Lands’ End, landsend.com, The Great Indoors, and Orchard Supply Hardware,

Mar 18

Sorting Out Debts to Gain Control of Personal Finance.

Debt is an unavoidable part of most people’s lives and even essential part of business operations. If used well, debt would allow people to accumulate wealth through property ownership and allow companies to grow by investing to projects that return more than the cost of debt. Unfortunately, life does not go according to plan sometimes. However there is a different side to the debt problems many people facing. This is mostly to do with personal spending. In good times, people accumulate debt like there is no tomorrow. According to reports “Americans owe more than $2 trillion in creditor debt, not including home mortgage loans.” This averages out to approximately $20,000 per citizen. At good times consumers were encouraged to rely on credit, because spending is the engine of economic growth. So people facing debt crises are not alone. Some will learn their lesson fast and get control over their personal finance, some will go as far as bankruptcy. For those who want to take control and start the long road to recovery, there are a few ways; The first step requires thorough review of income and expenses. When expenses are more than earned income it is time to engage in budgeting and stop wasteful spending. Budgeting is a personal solution to the problem and the most effective. Providing the person sees the problems and can take control over them, they do not to go trough personal finance reviews with a third party or disclose any statements. This requires discipline and self control. If they go through their expenses carefully, most people would find out how they have been wasteful and put a stop to most of them. Then, they can channel the money to paying their debts. If help needed in controlling the debt train, non-profit credit counselling centers are

Mar 17

Why Offer a 401(K) Plan – Retirement Planning for Your Business

A 401(k) plan is more than just an employee benefit, but an economic security tool for your business. When employees are equipped with the tools they need to retire in comfort they in turn have disposable income and are far more likely to not only spend it in the local economy, but also be happier in their workplace without the added stress of thinking about retirement and thus be more productive.

Recent polls have found that in over 70% of small companies, employees were not offered a 401(k) plan. Why such a low number? There are perceptions that the plans are hard to administer and costly to start. Some companies may not feel that they, or their employees, would see a large benefit because those who are offered would not want to participate in such a plan.

Why offer a retirement plan? Here are a few reasons for businesses to consider.
Some of the most obvious reasons to offer a 401(k) plan is to not only retain employees, but also attract talent. A 2012 MetLife study has found that retirement benefits are a significant factor in employee loyalty after their salary, and other perks such as health care coverage. With the job market tight for highly skilled workers, having a retirement plan in place is a great way to lure new talent to your company. Small companies should work to provide similar benefits as those offered by larger companies if they want to see their business grow. Retention of employees and keeping a low turnover rate can not only avoid the extra cost of training new workers, but help establish a culture of trust and foster relationships with customers and clients.

Another great benefit of 401(k) plans is that owners can also participate. The plans can also be setup for companies that are

Mar 16

Instant Decision Credit Card Faster Approval For Instant Use

For receiving a credit card fast you can take help of the instant decision credit card . It will enable you to get a temporary credit card for being used for the online shopping purposes. Getting a credit card approved fast is not that easy and therefore, you can easily get one through this procedure and get temporary relief.

Generally, these are online procedures and to apply for it you will just have to fill a simple online form. While choosing the best card you can go through and compare all other offers for credit cards that are available online. These credit card agencies too conduct a kind of evaluation of the proofs provided by you but that is swift and consumes less time to make the whole procedure fast. It will not let you wait long for receiving the card like other credit cards. These use to have different companies or departments to check and verify your credit score fast. Then they decide on your capacity or eligibility to open an account. As soon as these procedures finish, the credit cards are being delivered to the applicants.

There are certain minimum conditions based on which the eligibility of the borrowers is being judged. An age of 18, a bank account and a good salary is essential for getting these credit cards instantly. In addition to that it is necessary for the applicant to convince the company that he will be using this credit card for his personal purposes only. However, if you can show a good credit score that that will be an added benefit for you.

You should adopt or agree with the term and conditions of a particular credit cards agency only after going through these properly. A hasty decision may create problems for

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