The government cracked down on the banks this past year but you may not have heard a thing about the changes. Partly the reason for this was the banks themselves weren’t too happy about the changes because it impacted them financially. The last thing a bank wants is any rule that takes away their ability to make more money, but in the end it has helped you the customer in a variety of ways.
First there was the issue of the overdraft fee. You’d buy a simple purchase that you didn’t have the money for, the card would go through, you’d be in the red and the fees would amount. Now the bank cannot do that. If you don’t have them money in the account you get denied but you don’t have to pay the big cash. This is a welcome change for those who were getting hit with big bills.
There was also the issue of how the bank was assessing what they could give you an overdraft fee for. It used to be anything that put you in the red. Now they have limited it to anything that puts you in the red that has been considered an automatic deduction. Another thing is they are not allowed to take the biggest purchase first out of your account. They have to take out the smaller purchases first so they can’t hit you with multiple fees after over drafting. In the end the government has really come to the aid of the people to help them from themselves. It’s a welcome change even if the banks don’t like it. Let’s hope it gets more people into the black and gets them out of the red.
In the interest of keeping yourself in the best possible financial shape you have to be able to do the harder things in life. That sometimes means have to do a little extra work to save a dollar. This is never more true when it comes to your cable provider. The truth about cable is that it’s needed. It’s now the norm and not having it is simply not an option, but overpaying for it doesn’t have to be the norm. Here are some things you have to be willing to do to get the most out of your cable bill.
First you have to be able to walk away from your company. When you get cable the intro rate is always very good but that will quickly change. In our society they will jack up the price once the offer period is over and it is then up to you to make sure that you are looking around for better deals.
Now, the cable company knows that most people aren’t willing to discontinue service with them. They are smarter than to tell them how expensive. They often call the bluff of you, the customer, who may be mad but will still continue to receive service.
You must make the choice on whether or not the price of your cable matters to you. If it does then you are going to have to pull the trigger and leave your cable company. It’s the only way to really save money. The cable companies will continue to drive up the cost until you take a stand against them, are you really willing to do that?
Many Americans are starting to think about getting back into the housing game. After all, their jobs are getting better the prices in the real estate market have dropped meaning the asking price to them is something they can view as an investment, but those same people who are looking to get back in had trouble getting out and it didn’t end well.
If you are one of the people who got stuck in the housing market then here are some tips for you to make sure that this time around goes exactly as planned.
The first thing you are going to need to do is get yourself together and figure out just what you ceiling is on the monthly payments. You have to factor in property taxes into the mortgage. It’s an important cost and one that can really hurt you if you weren’t ready for it. In most cases you don’t want the cost of your living space to exceed 30 percent of your total monthly income. The reason for this is because the closer you cut it the less room for error you have. That’s a big thing and something that you need. Wiggle room is super important in the overall health of your house situation.
Another thing to keep in mind is the mortgage rate you get. The adjustable arm bit buyers a few years ago and you want to keep yourself away from that type of aggravation. Make sure you get a fixed rate and one that will keep your payment the same way for years. Remember your history so you aren’t doomed to repeat it. It will save you a lot of stress in the long run.
So you are finding these days that you are in the middle of battle within yourself to cut back costs. The debt you are feeling is getting overwhelming and without the ability to cut costs you are going to drown in a sea of your own bad mistakes. But saving, while simple in theory, is very difficult to do. There are a number of tricks of the trade that can really make your savings effective. You must be willing to commit to saving before you do anything. Without a commitment there is no plan that will work.
The first thing to do is to make things automatic. That’s the number one goal because out of sight out of mind. Now, you might be thinking that you should put your money in an automatic transfer to your banks savings account, but in truth there are better things you can do than that. Start by going to a bank through your work. If they have a savings program this could do wonders for you. You’ll never see it on your check and the money through your work will be harder to get. This is just a way of keeping yourself honest. It can’t always be easy.
Once you have started that savings then is the time to start saving on smaller stuff. You need to do the smaller savings things to make that total really add up. The more you save on small things, the more you can switch to that automatic transfer. Saving your money is hard work. It takes discipline and dedication, but it’s something that can really help you huge in the long run.
It’s amazing that just one resignation can send the world into a panic. The better thing here is to just understand what that panic was about. When Steve Jobs told the world that he would no longer be running Apple there was a panic and it sent the stock on a little bit of a ride. How can one guy affect the stock so much? It’s a simple idea and one that is really based on reaction.
Stock isn’t a reflection of how well a company is doing, at least it’s meant to me that. What the stock price really is has to do with the faith and trust of the public in that product. How much is a share of Apple Stock worth if Steve Jobs is running things? With all the latest innovations it’s probably worth a lot. How much faith do you have in Apple knowing that they are not going to be running the show with the genius that is Steve Jobs? Probably not nearly as much. So when the shares were at 318 dollars it was a reflection of great trust by the American people. When the stock dipped it showed a panic on the part of the people.
Take a look at Bank of America. The company was thought to be in real trouble and the stock was on it’s way out the door when financial mogul Warren Buffet decided it was a good idea to buy stock in the company. From there the stock rose as buyers figure that if Warren Buffet liked the company, so should they. This, in essence, is how the stock market works these days.
The United States has found themselves in a very serious situation and it’s something that has been impacting the rest of the country. The terms of paying bills and debt ceiling have been permeating the landscape the last few months and if you are someone who hasn’t been paying attention the whole situation can be very confusing so here is a look at what has been going on and how it can be related to your own home finance. Here’s the situation.
So the government has to pay bills just like anyone else. There is money to be given to states, to pay for government payroll, to pay for defense and everything else. Those bills add up and the issue, with the economy being what it is is that they don’t have the money to pay for what they need. So they have come to a serious situation.
One way to fix the debt is to raise the amount that we are allowed to go into debt. Just like in your own home when you decide to borrow from a credit card to pay your rent and therefore allowing your debt limit to get bigger. Well the government made the decision to just raise the debt total. So they are going to give the people who need money, there money, but they will do so at the cost of having to raise the national debt in the short term. There are provisions for the future to cut spending but that isn’t a guarantee that that will be the case. The reality of this situation is that this is a very tumultuous time for the United States government and one that we will all be watching closely.
Many people are watching the debt situation for the government pretty closely, and with the recent news that the government will be paying their bills next month there are certainly a lot of people out there with a lot of questions. So here are some things to think about it.
First the government had to make a decision about whether or not they would raise the debt ceiling in the short term in order to make sure that the rest of the country got the money they need for things like education and defense spending. Clearly the government wasn’t looking to make enemies so they just made the decision to put the debt ceiling higher and they are going to go ahead and raise that over the next year.
However, if you are looking for the bright side of a situation then the good news is that there are provisions in place to reduce the debt by 1.25 trillion over the next decade. This will come with caps on the amount of money that the government can spend on defense as a primary money saver. This isn’t shocking for a move considering that democrats are usually more in favor of defense cuts than republicans.
Of course this budget means that just like every other budget in the world it is only as good as the paper that it is printed on. If the government is serious about getting their money than they will do so but that isn’t likely to be the case. There have been steps to cut the spending in years past and yet the country continues to sink deeper and deeper. This is a very interesting development.
You’ve committed yourself to half a million dollars in student loan debt and discovered no jobs are available in your field: now what? Welcome to the trajectory of law school graduates, who have found themselves struggling to adapt to the current economy. Thinking of a Juris Doctorate? It might be time to think again.