> finance Archives
Shadow

Tag: finance

Economics and personal finance – Tips if lost job during COVID-19 pandemic

Economics and personal finance – Tips if lost job during COVID-19 pandemic

Career
Economics and personal finance - It may be cruel, but it is not illegal. Being fired, laid off, or just having the company close its doors during the COVID-19 pandemic is not new, and is, unfortunately, becoming more common. Everyone around seems to be in dilemma, except for those to whom the present condition is just another drain on diminishing resources and loss of dignity. Practical Steps to Dealing With the Loss of Job and Loss of Dignity First of all, with respect to economics and personal finance, stop playing the "what if" game. It's doubtful any employee could have truly predicted when the axe would fall. Stop blaming yourself and/or others. It's a waste of personal energy and time when efforts need to be conserved for the rocky road ahead. No sugar plum coating here – t...
Comprehensive financial planning – Need credit card having bad credit

Comprehensive financial planning – Need credit card having bad credit

Business
Comprehensive financial planning - You've defaulted on past credit agreements and this has been reported to credit reference agencies. "I have a horrible credit and need a credit card," describes your position perfectly. Don't despair as issuers offer a variety of pre-paid, secured and unsecured credit cards for damaged credit on revised terms, says comprehensive financial planning expert. Your application for a credit card has recently been declined because issuers have tightened their eligibility criteria in the face of rising default rates, adds comprehensive financial planning expert. Credit cards for poor credit scores don't involve credit scoring. Issuers minimize the risk they face by requiring a cash deposit or by offering a lower credit limit. Unsecured Credit Cards for ...
Retirement plan advisors suggests paying off mortgage before retirement

Retirement plan advisors suggests paying off mortgage before retirement

Finance
Retirement plan advisors - While retiring completely debt-free is an optimum goal for better finance, many Americans will enter retirement with a mortgage note draining their nest eggs. According to one of the retirement plan advisors, Jonathan Clements, in his September 20, 2007, Wall Street Journal article “Retiring With A Mortgage? Here’s What to Do,” more than 32% of households in the 65 to 74 age bracket had a mortgage on their primary residence. This is a considerable increase from 1992 when the percentage of mortgage holders among this group was just 19%. Making Extra Mortgage Payments for Better Finance The recent recession of COVID-19 pandemic and the loss of value among investment assets means that fewer retirees will have the assets they anticipated would be available ...
What are Guaranteed Acceptance Credit Cards

What are Guaranteed Acceptance Credit Cards

Finance
Acceptance Credit Cards are like any other but they come without the same application criteria. A card issuer that markets a guaranteed card generally offers pre-approval for acceptance. This may be useful for people that would otherwise find it hard to take out a card or for those that would prefer not to have to go through a credit checking process such as those with bad credit or no credit. What Types of Credit Cards Come Pre Approved? Actual products on offer in this sector depend on the individual card issuers. Some give out their guaranteed acceptance offers for: Standard unsecured credit cards. Secured card products. Prepaid cards. Some card issuers offer a single type of pre approved product; others may offer a few different types. Why do People Use Guaranteed ...
Financial wealth management and business planning

Financial wealth management and business planning

Business
Financial wealth management - When an entrepreneur decides to start a small business, the first step is to write effective financial wealth management and business plan. If the business owner wants to attract investors or needs a loan to get started, it is essential. The plan should be comprehensive and cover all aspects. This article looks at the different aspects as well as where the future entrepreneur can get help to write a successful business plan. Strategic Planning and the Business Plan The business plans or financial wealth management is a means of strategically planning for the strengths and weaknesses of the business. It’s important that the entrepreneur have a good understanding of the business. By strategically planning, financial wealth management and taking an unbi...
Tips on how to retire without running out of money

Tips on how to retire without running out of money

Finance
Whether one is contemplating retirement or already retired, the primary need for this stage of life is sustainable income. The challenges of rising medical expenses, inflation, taxes, and uncertain U.S. Social Security retirement benefits greatly complicate the equation. The key question for retirees changes from “Can I afford to retire?” to “Can I afford to stay retired?” Income Needs During Retirement Many people assume they will need less income in retirement than they did during their working years. Others are surprised to find they need the same amount of income or sometimes more to maintain their desired retirement lifestyle. Income needs during the early years of retirement are largely driven by leisure activities, such as travel. Later in retirement, the need for more, an...