Month : May 2017

Money Management

10 Questions to Ask Before You Sign An Apartment Lease

Your home or apartment can really make a difference in your finances. If you aren’t living in the right place or if you don’t consider your finances when finding somewhere to live, you can end up destroying your budget.

Here is a list of important financial questions to ask before signing any lease.

What is the security deposit?- Security deposits can vary a lot. Ask questions if the deposit is more than 2 months rent. In many cases you can get a lower security deposit if you have a great credit score. Remember investing your money is always better than having someone hold on to it interest free for you.

What is the application fee?- When asking about application fees also ask how much they charge for a  credit check. If you must have a co-signer there may be additional fees.

Is the application fee refundable? Ask if the application fee is refundable if you decide not to move in. In many apartments it will apply to your first months rent. Always ask how the fee will be used and if it is refundable should you choose another place.

Which utilities are included? Most apartments include water and trash in the apartment fee. If not, ask what the typical monthly charges are. If you are comparing apartments based on price, be sure to remember to factor utility charge in as well.

What fees are required before move in/ move out? This question is pretty forward. Find out what fees are required before you move in and out. Is there a cleaning fee or a carpet cleaning charge? If you clean on your own can you save money?

What happens if I move before my contract ends? Always find out what the charge will be should you have to cancel your lease. In some apartments it is a month rent, plus at least a months notice. Be sure what the terms are since you can be held liable for the entire lease in some instances.

Are there extra fees for pets or animals? If you have pets, be sure to find out if they are allowed and what the pet rent is. In some cases there is an additional security deposit or cleaning charge plus a monthly pet rent.

What is your late fee? Do you have a grace period? It is always good to know what the payment terms are, when your rent is due and if you can be late should an emergency arise.

Do you have any special offers for new move ins? Always find out about new move in offers. Sometimes you can get a few months free rent, or a reduced security deposit. Sometimes signing a longer lease will get you better move in deals.

How long are your typical leases? Remember when your lease is up, rates can sometimes skyrocket. If you plan on staying somewhere a long time and the rate is good, you might want to consider a longer lease.

Print off this list and take it along when you go apartment hunting. It is always better to ask a lot and be sure than sign a lease and be sorry later.

Is there anything you would add?

Related: Miami Moving Company.

Money Management

Saving Money on the Road

With how often we think about our financial investments and bottom line, it’s easy to forget about the investment we must make in our mental health. Nothing could be more important to the future of your life than acknowledging the role our emotional and psychological well-being plays in our decision-making process. 

You may spend 60-70 hours a week hooked up to computers, constantly checking your cell phone, trading stock quotes, reviewing Cavalry Portfolio Services, and noodling around with your companies dividends—still, the deals you make in one day pale in comparison to the deal you’re making with yourself over the long haul. Consider yoga and nutrition as an intersection of strategies that may help you to balance your economy of wealth with an economy of health….

Yoga

You’ve got to understand that your mind is its own index, trading chemicals and transmitters with itself on a 24/7 basis. Once you look at your brain from this angle, you’ll never go about your life the same way. Everything you do, every conversation you have, every decision you make is a product of your brain chemistry. If your chemistry gets out of wack—easy to do after a daily infusion of stress hormones, caffeine, adrenaline, and technology—you’ve got to put in the time to help your mind return to a state of equilibrium. A great way to do this is yoga. Yoga is a moving meditation that harnesses the power of breathing in order to center the mind and nourish the body. Keep your blood oxygenated and flowing so that your body can feed your brain and keep your thought processes stable. If you lose your mind from stress, you’ll regret not taking this more seriously.

Nutrition

Believe or not, the things we put in our body actually do affect our mind. The sugar, hormones, pesticides, saturated fat, preservatives and toxins that inundate the American diet also poison our minds, causing ADD, ED, emotional imbalances, and fatigue. If you have a stressful life, one of the best things you can do for yourself is to take control over your diet. This means eating more organic vegetables, cutting out fast food, and limited excess sugars and fats that clog your arteries. Think about it: if you die ten years sooner than you should, that’s ten years of income being buried with you too. Morbid, yes, but honest.

It’s easy to get caught up in unhealthy practices that deteriorate our physical and mental health. But let’s not make the mistake of viewing those ailments as separate from our careers and investments. Your health is an investment too, one that in the long run is dramatically more important to you and your family than numbers on a computer screen.

Debt Management

Can You Be Addicted To Payday Loans?

I don’t condone or approve of the use of payday loans but I can see why people would use them.

 

Some people are just in the situation, where if they have an emergency, they need to get cash advances in order to get by.

I’m not really going to argue whether they are good or not but I do begin to wonder if they could be considered an addiction.

If someone comes to rely on them and feels like they can’t get by without them, are they addicted?

Trying to live without payday loans when you have been relying on them just to survive can seem impossible.

Doesn’t that seem like it’s an addiction?

I watch the show Intervention, which is about addiction to drugs, and the way people act ashamed for using drugs, yet can’t stop, seems like the same symptoms that people who are deep into payday loans have.

Think about it like this, a person addicted to drugs usually wants to stop but can’t because they don’t feel like they will be able to get clean. There are ways to get clean, but they just don’t want to take it or feel like it won’t work.

People that are deep into debt with payday loans feel like they have to keep using them to get by. Yet there are ways to get out of the cycle. But they feel like there is no other way or they don’t want to take any other way.

I’m really interested in this because if it is an addiction, then people that are constantly getting  payday loans should be flagged and offered help.

There’s no reason someone should go back week to week to get a payday loan. That just means there’s a problem and they need help.

I mean, if someone uses a drug once or twice a year you wouldn’t think that they need help, but if they used it every week then you would think they would.

I think payday loan companies can do good/be there for you in time of an emergency (They wouldn’t be my first choice), but I think they need to put in safeguards for serial loanees in order to be seen as less of a bad member of society.

What do you think?

Investing

Different Options for Loans That Financial Experts Suggest to Clients

Managing financial is the most critical thing, and we acknowledge this statement as a fact. So, career in the sector of finance is not at all easy. A lot of challenges are there, waiting for the people who have chosen the job of financial advisor. If you are passionate enough, you shall definitely enjoy these challenges. For a financial expert, it is absolutely important to be passionate about his job. You must love your job and you must be ready to face new challenges. Financial advisors face trouble, when it comes to suggesting the right kind of loan to clients.

Both individuals and organization need to opt for the loans for many reasons. In general, it can be stated that people opt for loan in order to deal with unexpected financial crunches. In many cases, people opt for loans, when it comes to purchasing an asset. For example, you may need to go for a loan if you are planning to have a brand new car or property. A business needs to opt for loans, when it plans to expend or buy new business assets. A professional financial expert should analyze needs and financial conditions of the clients before suggesting right type of loan.

Studying Client’s Credit History

The most important thing is studying credit history of the clients. If your client is thinking of opting for a loan, he should have good credit history. This means he should be punctual about paying the credit card bills on time or before the time. Making a habit of paying bills late will create bad reputation. As a result, it would be hard to find a suitable lender for that person. Moreover, bill payment on time will improve credit rating. This rating has been taken into consideration by banks when it comes to scrutinizing loan application of a person.

Loans for Good Credit

A financial advisor has limited service to provide to those, who already possess exceptional credit score or rating. Such persons can get loans from banks for personal reasons or business reasons without facing any hiccups. Some formalities are required to be maintained, and that would help to obtain the desired loan amount. Having good credit score will give you good sleep as well.  The rate of interest on repayment premiums shall be low as well as affordable. Thus, there should not be any hassles when it comes to repaying the loan with perfection.

Loans for bad Credit

Problems start appearing when a person has bad credit score and bank turns down loan application of such person. Financial advisors can provide different kinds of solutions to the clients in such cases. They can advice to go for the payday loans. Payday loans UK is an excellent option to get small amount personal loan without undergoing the hassles of credit checking. The application can be made online anytime. Applications also get approved within 24 hours usually.

Author bio

Trafford G. Marx has been as a loan recovering agent since a few years now. In this post he has shared some simple points for those who are planning to take a loan. He has suggested Payday loans UK to the readers owing to its quick approval procedure and easy application system.

Investing

A Brief Summary of the Dodd-Frank Act

The Dodd-Frank Act, formally the Dodd-Frank Wall Street Reform and Consumer Protection Act, is a federal law in the United States which became official statute on the 21st July 2010, when it was signed by President Barack Obama.  The impetus for the bill was the economic crisis of 2007 and 2008; in the wake of the financial trouble, the US government were keen to introduce new regulation, in an attempt to prevent such a repeat.

Dodd-Frank ushered in the most sweeping financial regulatory reform since the Great Depression in the 1930s, with nearly every part of the United States’ financial services industry facing changes due to the bill.  As with most financial regulatory legislation, Dodd-Frank has its critics and supporters.  Some argue that the law is not tight enough and, as such, will not be able to prevent another financial crisis. Others say it is too restrictive on financial institutions and will therefore restrict economic growth.

Dodd Frank

Image Source

Dodd Frank was part of reactionary US financial legislation sought to ensure that such a financial crisis would not reoccur.  The final bill that was signed into law was intended to ultimately protect consumers and the general public, by promoting stability in the financial markets.  The law improves accountability and transparency in the financial system, ends bailouts of “too big to fail” institutions, and protects against abusive financial services practices.

Watchdog

Dodd-Frank created the Consumer Financial Protection Bureau.  The Bureau is an independent watchdog group housed at the Federal Reserve.  It has the authority to ensure that consumers and the general public have access to clear and accurate information with regards to mortgages, credit cards and other financial products.  It also protects against hidden fees, abusive terms, and deceptive practices from institutions.  Such transparency is intended to end predatory lending and ensure that consumers will not find themselves in insurmountable debt.

Bailouts and Supervision

Another aspect of the regulation ends taxpayer funded bailouts.  Rigorous standards and supervision are established to protect consumers, investors, and businesses.  Individual institutions are no longer eligible to be propped up with bailouts.  The Federal Reserve can still provide support throughout the financial system as a whole, however, tough new capital and leverage requirements are instituted which means growth is restricted. Failed financial firms are now able to liquidate in a safe manner.

Other Features

Other features of Dodd-Frank also eliminate loopholes that allow risky and abusive practices to go unnoticed and unregulated.  Shareholders are now afforded an influence on executive pay and corporate affairs.  However, these votes are non-binding.  Stringent new rules on credit rating agencies, which create transparency, have been designed to protect investors and businesses.  A council has been created to identify and address systemic risks before reverent bodies are able to cause a threat to the stability of markets and economies.  Regulators are given strong oversight powers to aggressively pursue fraud, conflicts of interest and manipulation of financial systems, which are deemed to be at the expense of the American public.

In general, the reaction to Dodd-Frank is generally thought of as a win for consumers and consequently, a loss for banks and financial institutions.  The overall aim of the law is to hedge against the next financial crisis.  This will be the ultimate test for Dodd-Frank.  But one thing remains clear: the provisions of the law will (at least for now) protect consumers, increase accountability and the transparency of banks and financial institutions.

Sources: http://www.lseg.com/markets-products-and-services/post-trade-services/unavista/regulation/dodd-frank-swaps-confirmations-documentation-reconciliation-and-compression, http://www.sec.gov/spotlight/dodd-frank.shtml, http://www.cftc.gov/lawregulation/doddfrankact/index.htm