Get out of debt using the debt snowball method

With the recent economic crisis, mortgage crisis, high gas prices and rising costs of basic living, many people are finding ways to get out of their overwhelming debts. There are a lot of people who try their options to get debt free but ..... More »

Are you unaware of any THD/CBSD account reported on your credit report?

You might find an account in the name of THD/CBSD reported on your credit report. If you are not sure about this account, you must dispute this item with the credit bureau reporting it. THD/CBSD stands for The Home Depot / Citibank South Dakota. More »

Facts about the escrow account

Every year thousands of people make big purchases on their homes. These new homes come equipped with all the latest amenities like granite counters, new appliances, the fresh smell of paint and new carpet. Borrowers are very excited to move to their new furnished home. More »

How to recover from Bankruptcy?

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Mortgage Fraud

Mortgage fraud has been declared as one of the rapidly growing crimes (named as white collar crimes) in the country. After analysis it has been found that every fraud has some kind of material misrepresentation, misstatement .. More »


10 Tips to Organise Your Home Finances


Home finances can be a daunting subject for most couples (even singles). The logistics of creating a budget while making sure that each bill is paid on time, and at the same, ensuring that you and your family don’t go hungry is enough to make your head spin. A lot of us who manage the finances of our family are trained handle this type of responsibilities. However, it doesn’t mean we are unable to create a budget that will ensure that we meet all of our obligations, at the same time, allowing extra money for fun. It all boils down to organization. If paying your mortgage is part of the picture, then using a mortgage interest calculator can be of great help.

Here are a few tips to help you organise your finances at home:

  1. Make a list

This list should include all your monthly bills and the days they are due. Also include a reasonable monthly budget for food and grocery items. You also have to set aside an amount to pay your utilities and other expenses. Add the total amount of your expenses and less this to your monthly income. This will give you an idea how much extra money you have that you can save or use to buy some of the things you or your family need. This budget planner is probably the best example I have used to date. It really is excellent.

  1. Set up a savings system

Saving is the most important thing you can do for yourself and your family. At bare minimum you should have a savings account for emergencies and one for extras. Emergencies include things like a broken water pipe or anyone in the family getting sick. Extras are for buying a gift for your mother’s birthday. You can have these savings build up either in separate bank accounts or in a safe place in your home. It is wiser to keep your emergency account at a bank for safekeeping.

  1. Make a plan for paying off debts

Most people have several credit cards, car loans, mortgages, and other types of debt. The best thing you can do for yourself is to get rid of it! Start with the smallest debt and pay it off. Once you do that, you can then focus on the bigger and longer term debts like your car loan or mortgage payments. In case you come up with a substantial amount, try to pay off the bigger debts. If you have good credit, check out a balance transfer deal as these can save you a lot of money. They’re relatively easy to set up when you apply for a credit card online. Use the money saved to repay debt and keep this up until you are debt free!

  1. HomeNever take out a payday loan

A payday loan may seem like a good idea because you get cash quickly; however, it also comes with high interest rates. Paying a loan with high interest rates will only put you in a deeper hole than you started in. When emergency crops up, and you don’t have the savings to cover it, instead of going for these types of high interest rate loans, consider selling some things or swallowing your pride and call your mum for financial assistance.

  1. Know how you will pay each bill before you get it

Since you have made a list of the bills to pay, you already know when they are due and how much they will be for (with a few exceptions). It’s time to decide where the money is coming from. If you are paid monthly, this is easy. If not, then you will need to decide which week you will pay which bills. Make sure to get them paid a few days early, so you are never worried about late fees.

  1. Budget your leftover money

After you have figured out how much you need for bills, groceries, transportation, and savings, you can start looking at your “extra” money. If you like to take vacations, then you will need to set aside some to save for that. Other than that, you might want to budget a certain amount of weekly fun money for each family member.

  1. Files

A good way to keep track of all of your bills, receipts, and payments is to keep a file folder. Have a separate folder for each bill and bank account. To keep them organized, keep all the relevant information in the file. For example: electric bill for January – keep a copy of the bill, a copy of the check you paid, and the receipt of payment. If necessary, keep any other correspondence about the bill in that file as well. Shoeboxed is about as good as it gets for this.


  1. Balance your account daily

Save all the receipts you get in a given day in your wallet. At the end of your day take five minutes to get them out and write them down or check them against your online account statement. This has the added benefit of making you consider what you buy because balancing the books isn’t exactly fun.

  1. Cut corners where you can

Groceries don’t have to be your most expensive bill. Most local brands taste about the same as the branded ones. Also, you don’t have to cook a gourmet meal every night. Most kids and men like Mac ‘n cheese just fine. Also if money is tight, you don’t have to go to the salon to get your nails done. Make a one-time manicure kit purchase and do your own. Learn to paint your own house. Seriously, your budget will thank you.

  1. Relax

Money does not have to be a constant source of aggravation and worry. Once you have a system set up, then you can just run through the system each month without a lot of thought.

Managing your finances need not be an overwhelming task. There are many resources, methods and tools like the mortgage insurance calculator that help in manage your home finances. You can do it!

Helpful tips on how to save money


If you can learn how to save money, then you will know how to spend wisely. It is an art of knowing on what you need to spend necessarily and not on what you want. Many a times, we spend a lot of money on different things that are not practical and are bought on impulse. There are some practical tips that will help you to avoid such unnecessary spending.

        1. Going for second hand items – There are some items like furniture or curtains that can always be bought second hand. As long as your personal hygiene is not in question, you can always go for used items. It will save you a lot of money.

      2. Stop doing unnecessary expenses – Many people like eating out in fancy restaurants or going to their favorite coffee shop. You can save a lot of money if you can skip going to these places. This will also enhance your culinary skills that you never thought you had.

       3. Stop going to places where you feel tempted to spend – Many people like going to the malls and see all kinds of fancy items that will tempt you to spend. Before you can realize anything, you might have purchased many items that were not at all necessary because the saleslady sounded so convincing. If you want to save money, then you need to stop going to such places where you feel tempted to spend.

      4. Finding out ways for practical entertainment – Many people like watching movies or listening to their favorite song, but that does not mean that you have to spend every time on the matinee shows or go to see a concert only to see the artist singing your favorite song. Many movie studios do free advanced screening to promote their film. You can also try to get free tickets for night shows and watch your favorite movie. And if you want to hear your favorite song, go online and download it free of cost.How-to-Save-Money

It is not at all tough to find ways of saving money. Instead of going to the store, you can try online shopping where you get good discounts and other items at a cheaper price. When you are able to buy things online, it means that you don’t have to drive and burn fuel. If you are a student or you go to work every day, then you can talk with your colleagues and arrange a carpool. This is another good way of saving money in gas and parking fees.

There are many other ways of saving money in your everyday life. No matter, how much you save, always remember that a penny saved is a penny earned.

Choosing the right kind of high income funds


Many people have talked about many types of income oriented funds and in many cases, they do not have a bright future ahead, there are some income based mutual funds that are even better than lower risk equity funds. Though some people have written about the risks in income investments like bonds and other high yield investments, it definitely makes sense if you want to own these high income funds.

There are many people who have no choice but to own high income funds, yielding high interest rate, and threatening the recent, strong performance, that a lot of these funds enjoyed. Not all the high income funds are bad. There are many that will perform better for a lot of investors. You just have to find the right one according to your portfolio.

There are some considerations that all investors should keep in mind while investing in High income funds.

Good yield: Even with an above average yield, investors who have invested their money in income funds will continue to earn considerable income. They are not very much affected even if the market value of their income investment drops. It also means investing in higher yielding corporate issues that involves a little bit of risk because corporate issues will not drop as much while rates increase overall. The risk premium that has previously been priced into a lot of these types of investments will diminish. This means that the rates of high yield corporate bonds will rise less than they will for government issues which can and will rise considerably. Hence corporate bonds will have fewer risks than government bonds.

Fund managementGood track record: There are many investors who either lack the resources or funds to create their own bond portfolios. Hence they want to invest their money in mutual funds mainly comprising of bonds. Hence the investment process becomes a lot easier because finding historical, risk-adjusted performance records are simple. An income fund having a strong track record and solid returns will be good for a safer income based investment.

Positive inflows and/or high capitalization: Funds having a steady stream of inflows or those with a large capital base will have greater liquidity. This is possible with any type of investment because it allows investors to draw on them. And when the investment is funded properly, the risk of having the fund closed is reduced considerably.

While investing in high income funds, it involves some risks, the income asset class is a must for all investment portfolios. Excel Funds Management Inc may guide you to take the right decision. If you choose the right one, it will make a big difference and the investors will get a lot of success and satisfaction.

Services of a good Mortgage Broker

mortgage broker

Naturally, if you are shopping for a home loan, you will want to find a good mortgage broker, but there are a variety of services that mortgage brokers in Saskatoon can provide you.

  • Consolidate your debts

 One overlooked service is debt consolidation. Loans are available to pay off all of your debts, leaving you with a single payment each month. Debt becomes manageable, and only one payment needs to be paid. In addition, the payment will be less than the total of your monthly payments you are currently making for your credit cards and other miscellaneous loans.

  • Refinancing

If you have equity in your home, you may want to refinance your mortgage. This can result in lower monthly payments as well as cashing out some of the equity, so you can use it for whatever you desire. Another purpose of refinancing is to convert your current adjustable rate mortgage into a fixed rate mortgage. If you believe interest rates will be higher in the future, this is a smart move for your personal finances. A mortgage company can advise you about whether this type of refinancing is right for you.

  • Builder finance loans

A good mortgage company is diverse and will offer lending services to construction companies. These services will extend to projects that are in process to allow you the cash advance you need for your company. In addition, you will not be chard front end or back end fees for these loans.

There are several examples of mortgage Saskatoon brokers that have the services outlined above. One example of this is the Sky Financial Corporation.

Start Your Own Tax Preparation Business

Tax Preparation

They say there is nothing certain in life except death and taxes, so why not start your own tax preparation business. It is easy to start this type of business, and it is as close to as stable of a business as you will ever see. Regardless of the condition of the economy, there will always be a demand for people to prepare their taxes.

Although there is a lot to know about preparing taxes, the truth is that much of the work that is done today is done with software. It has become so simple that you do not need a degree in accounting to prepare someone’s tax returns. All you need to do is learn how to use tax preparation software.

There are companies that will license this type of software to you and train you to use it. Once you learn how to use the software, you only need to make sure your clients have the necessary information to enter the correct data. This type of software also has verification checks built into it to make sure the right data is being entered.

One of the best parts of starting your own tax preparation business is that you can operate the business right out of your own home. You can also do it part time throughout the year while you work another job. This takes much of the risk out of starting your own business.

There are several companies that will provide everything you need to get your tax business started. One example of this type of company is No Limit Tax Refunds. Their website has a click here button for more information.

How Trigger Marketing Can Help Your Business

With the advent of email, there does not seem to be many offerings that come in the mail these days. However, wouldn’t it be a treat if a credit offer for a new car was placed in one’s mailbox? That mailing could be a result of trigger mailing.

Trigger mailing is when targeted individuals are provided mail that offers lines of credit or financial packages to them. The person is targeted based on their circumstance instead of just being a random consumer. The “trigger” is the life event or behavior that the marketer determines can result in future transactions. In other words, the person is targeted with a financial package because it is predicted they will need or want the package in the future.

Marketers will vary in how they calculate triggers for an individual customer. Most marketers state that triggers are calculated by seeing what consumers are already paying for. For example, a person who pays a lot of hidden fees on their credit card could be a good candidate for a trigger mailing campaign for a no hidden fee credit card. Other marketers will say that triggers are more emotional desires and their package can help satiate that desire. For example, there could be a person without a line of credit or financial package that many of the customer’s neighbors have. The trigger campaign can make mention how the customer should not feel left out compared to their neighbors. As one can see, the trigger is merely a small event or behavior that can be capitalized on by businesses.

If marketers want to learn more about this technique, they can contact here for more information. In this economy, the best marketing techniques will win new customers. Trigger marketing is one strategy that can convince a potential customer to become an actual consumer.

How to Make Money with Precious Metals

If you watch television on a regular basis, you probably see those commercials for gold and silver dealers. The commercials tell you that you can make money when you send your old and broken jewelry and damaged coins. The commercials don’t tell you that you’ll only get a fraction of what those items are actually worth. Choosing the right products can help you make money buying and selling precious metalsgold-and-silver

  • Buying the Right Products

That new diamond ring that you buy for your significant other drops substantially in value once you take it out of the store. The same is not true of gold and silver bullion. The value on those items fluctuates based on market conditions, but you’ll often find that your items are worth more than you paid. Instead of wasting money on jewelry, which dealers will melt down to remove any worthless metals, invest in gold coins, bars and bullion. You can also find these pieces available in silver, platinum and palladium.

  • Selling Your Metals

The price of gold more than doubled in just a few short years. Unlike stocks and bonds that tend to fluctuate quite a bit based on what people want, gold and other types of metals will always have a high value. When you invest in gold and other metals, you can sell those pieces to dealers, other buyers or even trade for other types of metal. Buying in gold is something that will never go out of style and always give you money in your pocket.

Knowing the gimmicks of the credit card reward programs

Almost every credit card company offers reward programs to their customers. Some programs may be more rewarding than others. Therefore you should carefully read the fine prints and see how the reward program works. You should also have a fair idea of how to select a credit card that suits to your lifecycle. Credit card companies are there in the market to increase their profit margin, so they will keep a close eye on customers who don’t keep a close eye on every detail about the reward program. As an informed customer, you should be aware about some of the traps and don’t lose out any good deals.

Credit-card-reward-programeCredit card companies will introduce new offers including rewards and bonuses that sound very enticing in the beginning. But at the end, it turns out to be very complicated and hard to follow. One of the complicated reward programs is the rotating rewards categories. In this program, the credit card company changes the types of purchases which qualify for the rewards every quarter, and the consumer has to sign up for them in each quarter. If he does not sign up, then does not earn any rewards on those purchases. Credit card companies assume that people will usually forget to sign up on time.

Another way the credit card companies try to catch new customers is by offering savings, but they make the redemption process very complicated. For example, a gas card is offered at a 25 cent discount on up to 20 gallons of gas at their proprietary stations, but the catch is that the customer has to spend $100 every month on the card. This way they are forcing the customers to buy their products in order to get discounts on their items. The rebate was automatically applied at the pump when it became eligible to use, but the remaining discount did not carry over to the next visit to the pump. So if someone needed only 10 gallons of gas, the discount on the remaining 10 gallons got wasted.

Things get more complicated when you do not know how many reward points are available or how many points have expired. And there were cases where points were not applied in the correct ratio on the specific category of goods or services offered. Therefore it is very important to read the fine print very carefully and get the full benefits of the reward program. Credit_cards

There are some program where the rewards or bonuses don’t start until a specific amount of money is spent on the card and the credit card companies allot a very high amount, making it tougher for the customers to get the benefits. For example, if you want to avail 15000 reward points or flight miles, your spending on the card in a year has to be above $40000. This type of offers can tempt the customers to do excessive spending, without realizing that they can later get into deeper debts, if they are not able to pay back the money to the credit card company on time.

Sometimes, a credit card company offers higher bonus incentive on some purchases, and the additional percentage is capped off after a certain dollar amount is spent on that card.

There is another clause by the credit card company regarding redeeming the points. There has to be a minimum number of points available in your account before they can be redeemed. Many people fall into this trap and they start overspending to get more points, and the credit card companies are counting on this.

Learn how to calculate your debt to income ratio

Many financial institutions will first do a credit check on you and then calculate how much your debt to income ratio is before lending you their money. You can check your own debt to income ratio before applying for a loan. Follow these steps and know your debt to income ratio.

debt_to_income_ratioFirst you need to figure out your gross monthly income. You will find it in your pay stub or in your leave and earning statement. You can also use the W-2 form given at the end of the year by your employer.

Then you need to calculate your minimum monthly payments that you do towards your debts. Go through all your monthly bills and statements to calculate the minimum due each month. You can also check your credit report to calculate your minimum payments for each month. If you don’t have a copy of your credit report, you can get a free copy once in a year from all the three credit bureaus.

Once you know the gross monthly income and your total minimum payments of your debts, divide your total minimum payments by your gross monthly income.

  • For example:

Total Minimum Monthly Payments (debt) =$1,000

Gross Monthly Income (income)=$2,000

Divide $1,000 by $2,000 =.50 or 50% debt to income (D/I) ratio

According to this example, 50% of your money goes towards paying your debts. It must be a great feeling for you. If you have a 100% debt to income ratio, this means that you have no money left for your essential needs like food, clothing, etc. Having 50% of the debt to income ratio means that you are living paycheck to paycheck, but you are able to pay all your bills on time every month, go for an outing once in a while, or go on vacation. These numbers are perhaps good.

Calculate-Your-Debt-to-Income-RatioWhen you apply for a new credit with this debt to income ratio, many financial institutions know that you need some debt in order to rebuild your credit scores. They prefer your debt to income ratio to be below 50%. An ideal number will be below 30% and 10% is the best because this means that you have more money available to pay back your loans.

Be careful of the lenders who are willing to loan you money even if you have a very high debt to income ratio. They are going to charge you a lot of money in very high interests and fees and it will be very difficult to pay them back. You can always shop with different companies and see what their terms are in offering a lower interest rate loan.

  • Resources:

Outsource Tax Work to an Accountant

Let’s face it, no one likes taxes. Taxes are a necessary evil in life and every business or person needs to follow through on the best tax prepartion Calgary every year. Otherwise, the business or person could face an audit or a general headache when the taxes are due.

Tax-AccountingThe main problem most organizations and people have with taxes, however, is not that they exist, it’s that the tax laws always change. From one tax year to another, a family or small business could expect their tax rates to change on a federal level, in Alberta or with their municipal taxes in Calgary. Although most people expect they can handle their taxes, it is always a good choice to consult with an accountant or accounting firm.

Accountants or accounting firms may seem like a financial investment, but the investment is worth the time and money. Accounting in Calgary can be quite complex and an accountant or firm is here to help their clients. Every accountant, whether they are independent or part of a firm, will know the complexity of the Calgary, Alberta and Canadian tax code. These professionals also keep up-to-date on how the tax code changes. They also know what benefits exist or are created in the tax code for families or businesses. Finally, these professionals can offer consulting advice on how to best prepare or handle tax issues with the government.

Outsourcing tax work to an accountant will help to alleviate any stress that comes from filing taxes. Instead of frantically keeping up with new tax laws and codes, have an accountant work on the taxes.

The Tools You Need for an Online Store

Building an online store takes a lot of work, but if you are diligent about the tasks ahead, you can easily build a successful online business. The key to finding success selling products or service online is having the right tools on hand. Here are some of the most important things you will need to put together a great ecommerce site.

  • The Website

The most important part of your online business will be your website. This is where customers will be directed, where they will browse your selection of a products and where they will complete their purchases. Having a clean, organized and easily navigable site will make sure your customers keep coming back.Online store

  • Shopping Cart Software

Security should be a priority for any business that wants to attract and maintain customers. Shopping cart software is the best solution for both the merchant and the buyer. The protections it offers will help you let customers know that you take their security seriously. It also helps you securely collect payments so that you can keep improving your inventory and customer service.

  • Inventory Management

If you own a lot of inventory, it is important to also have the tools you need to properly manage it. You should look for inventory management tools that provide a detailed look at what you have, where it is located, and how many of each product will be listed on your ecommerce site at any given time. With a good management system, you will also be able to determine what prices you need to set in order to move products at the pace you are most comfortable with.

  • Marketing Solutions

Once you have your site set up to take orders, it is important to get the word out. If people are unaware that your website exists, how can they go there to spend their money? There are a wide variety of marketing solutions for online stores. It is important to try a number of them to see which

If you are looking for shopping carts, merchandising tools and marketing for your ecommerce store, check out a site like for more information on how you can set up and run a successful online store.