by Sharon Keisha on February 3, 2010
Divide Every Dollar Wisely
The money is divided into four “buckets” important. Make sure it is properly distributed. These “cubes” are:
• essential expenses and savings in health costs.
• Near-Term Savings.
• Retirement Savings.
• Plan for emergency expenses.
Keep Out of Debt
In today’s society is almost impossible to stay out of debt, but may try to control them. Use credit cards only if you intend to pay each month. Limit Line “do not spend money you do not have and try to refinance their mortgages to lower the value of their shares.
Property & Real Estate
Properties can be a very good investment, but can also be dangerous. Make sure to make wise choices when buying a home or office. Do research in the area and mortgage to obtain or seek a mortgage insured.
by Ann Brown on October 19, 2009
Do you own a small business and have financial needs? Are you worried about there being a lack of credit due to the financial crisis? To get a loan for your business, you should plan your strategy carefully.
* First determine what your financial needs, including the amount of money needed and how long it takes to pay its debts.
* Determine the type of loan you need: credit line, term loan, leasing for cars, credit cards, etc., And the type of creditor who can attend, which may be an agency microfinance and ACCION USA, a credit union, a commercial bank or a venture capital fund.
Depending on the level of development of your company, you should explore various financing options. Many experts identify four stages of development in small business:
1. During the first stage, companies are considering new enterprises.
2. In the second stage, companies have a business plan and samples of their products, but very little income.
3. In the third stage, companies are growing and executing its business plans.
4. In the fourth and final stage, companies have been operating for some time and already have records of your income and expenses.
Financing alternatives for businesses in parts one and two
For companies in the first and second stages, or for business owners in the third and fourth stages with weak credit histories, loans from alternative sources such as micro-finance agencies can be more accessible. For example, in ACCION USA credit history and the lifetime of the company are not the only factors considered when evaluating loan applications, also takes into account the nature of the applicant.
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