May
30
When presented with an array of credit card advertisements offering the perfect credit card offers with low interest rate that are available, would you wonder exactly what it’s these companies offer to you? What does low interest rate mean exactly? Simply put, a credit card charging a low interest rate, or annual interest rate (APR), is a plastic card that can save you a lot of money in the long run.
When you don’t have any idea just what APR signifies, the yearly percentage rate is the exact interest that card suppliers bill their card holders for the privilege of making use of their card, as well as for leaving a portion of your outstanding monthly balance unpaid on your card account. If you only pay off the minimum payment every month, the unpaid sum of money incurs interest charges that is definitely computed based on the APR of the credit card company. However, making your payment completely on or before its due date will keep you interest-free.
In case you are the type of person that typically compensates merely a portion of the amount of money owing every month on your credit card bill, your current choice should be to take the business credit cards with the lowest interest possible to cut off your charges of interest. In this way, carrying a monthly balance could be a lot easier.
One of many ways looking for the best credit card offering low interest is through proper research. You can find various credit card comparison sites on the Internet where you can search for free of charge credit cards based on rates of interest. While most of these cards do not normally offer fringe benefits like cash back or travel insurance, you may still get the benefit of saving money and building a good credit score. This is because the longer you maintain your charge card account, assumed it is in great rating, it’s going to work in a beneficial manner on your own credit history.
Sep
15
I read the following article today and it summarises so well what I have been saying from the time I had my own ‘aha!’ moment. In essence, work more, save more, take on an extra job, start a side business and the quickest strategy of all…. spend less money! Read the rest of the article below.
Since When Is Saving Money a Bad Thing?
The recession is turning Americans into penny pinchers. Seven out of 10 of us are cutting expenses, a Gallup poll says. And we spend only 86 percent of what we used to.
Just about every mainstream publication I read — including The Wall Street Journal and The New York Times — says this is a bad thing. But they are wrong.
The point they make is that if Americans cut back on spending and save more, new cars will stay on lots. Contractors will lose jobs. Lawn services will be let go. And stores will go out of business.
So what’s wrong with that?
The fundamental reason for the financial mess we are in is that we have been spending more money than we have. Consumers have been doing it. Businesses have been doing it. And the banks and institutions that hold our money have been gambling it away.
The press wants us to believe that trillions of dollars have mysteriously disappeared from our economy because of this lack of spending. But that wealth never existed in the first place. It was an accounting fraud. The land, the buildings, the machinery, and our human capital, however, do still exist.
When your business is losing money, you cut expenses and work harder. When families run over their budgets, they do the same thing. So why should it be different with an economy? It’s not.
Spending more now will only make things worse. But if you take care of yourself, you will be doing more for the economy than the government could ever do.
So work more. Save more. Take on an extra job. Start a side business. And spend less money.
Thank you Michael. But tell me this… why do people listen to you and not to me? Maybe it’s because you’re a well known and published author… but as long as people listen to one of us, then we’ve done our job.