There are many financial experts out there who offer money tips every day. Some of these people you have to pay a fee to for their advice, while others are free. If you want to learn some tips on saving money so that you can reach your financial goals, then the best place to get this knowledge is from an expert who is not out to make a commission from you. He or she will offer you his or her…
Finance is the act of channeling funds from investors and borrowers to entities who need it most. When put to effective use, investors and borrowers have readily available money in the market that can earn high dividends or interest. A wide variety of financial tools are employed in finance such as: borrowing, lending, and investment. Each tool has its own benefits and disadvantages that must be weighed carefully before applying. Personal finance includes deposits in savings accounts, individual retirement accounts…
A loan is any monetary gift when money is lent to an individual or group of people in return for repayment of the loan principal amount plus interest. Revolving credit lines or loans can be repaid, stored, and paid-off, while revolving loans are pay-as-you-go loans. Most loans are unsecured but there are some secured loans available. Loans have different pros and cons. For example, a bank loan is a revolving loan that can have monthly payments, which are decided at…
The term loan typically refers to a form of unsecured credit vehicle where a pre-set amount of money is given to another party with the promise of future repayment of an asset or principal amount based on agreed terms. In most cases, this is done with little or no involvement by the borrower. The lender does this to ensure that he has complete control of the assets and funds in his portfolio. In return, the borrower pays regular repayments based…
The forex market is an over-the-Counter or global market for the trading of foreign currencies. This marketplace determines international exchange rates for each currency traded. It also includes all facets of purchasing, selling and trading currencies in current or established deals. The market is very liquid, with trades taking place around the clock, twenty-four hours a day. Because it involves so many countries, there are many different types of currencies that can be traded. Forex is the most liquid financial…
Running a successful business involves having access to good business finances. Without this, the business owner would be unable to fulfill his financial obligations to his various stakeholders, including himself as well as his employees, suppliers and the tax authority. Proper business finances enable the business owner to make sound business decisions that are in line with his business objectives. As such, it is very important for the business owner to ensure that he is running a profitable venture. However,…
A credit card is simply a payment card issued by a bank to consumers to enable the consumer to pay to a retailer for goods and services on a credit card. The credit limit is determined by how much money has been put on the credit card by the individual consumer. There are three different types of credit cards, the major ones being Visa, MasterCard, and Discovery. These cards all have their own advantages and disadvantages when it comes to…
Personal finance is the discipline that an individual or a household performs to plan, save, and invest money over a period of time, based on various economic risks and future economic events, taking into consideration various future life events. This involves setting aside funds and putting them in different accounts such as savings accounts, investment accounts, cards and so on. It also involves making payments on time to ensure that debts are paid and that the money is available to…
CFD trading has become a very popular business. People who have years of experience often take pride that they know everything about this market. This is very common and there is nothing wrong with it. But you can also take this pride even though you will have very little knowledge of this market. Spend some quality times in learning the core factor and you become a skilled trader without losing too much money. Today we will teach you five effective…
The word bankruptcy to many is a scary word. Bankruptcy is for many considered a last report to their debt problems. What exactly is bankruptcy? It is a legal statement that confirms that you are unable to pay all of your debt back. Your assets such as your house and car are distributed between those who you owe money to, and the debt is written off completely. Those who choose bankruptcy often see it as a way to make a…