"No enterprise is more likely to succeed than one concealed from the enemy until it is ripe for execution."Niccolo Machiavelli
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Budget is NOT a four-letter word!
Okay, here goes. Just about everything you'll ever need to know about budget, right here, in three sentences: Start with all the money you have coming in (your job, selling your work, your rich uncle, etc.). Subtract all the money going out (art supplies, ...
How To Stick To Your Budget
I've had a lot of people tell me that setting up theirbudget was simple but when it came to living by itpayday after payday they admitted losing interest ina very short time.Let's face it. The day to day drudgery of trying tofigure out how to best spend ...
Organizing on a Tight Budget
With all the shows on TV these days dealing with organizing your spaces you may have been inspired to get your own spaces whipped into shape. That's great. You may be intimidated however by the cost of some of the products the Professional Organizers use ...
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Your finances are your business. But unfortunately it seems like you need an accountant to help you understand and decode the mysteries of balancing a budget or saving money. At some point you might need to get a loan. When that day comes, this article can help you understand which is the right one to get.
An unsecured loan is simply a loan you get based on your good name and your credit rating. Often the interest rates are higher on an unsecured loan than on a secured loan because the risk is higher to the lending institution. If, for some reason, you are unable to pay back the loan and the lending institution does not get any money back. However, your good name and your credit rating are potentially ruined.
On the other hand, a secured load is a low you get when you put up some assets. The advantage of a secured loan is that you often get more money at a lower interest rate for longer repayment period that you would with an unsecured loan. This is because you have some assets to backup your loan. The lending institution prefers this kind of loan because if you find yourself unable to make payments, they can see your assets as an alternative form of payment. Because the risk to them is diminished they are able to provide you with more attractive loans at a better rate.
You might think of a mortgage as a secured loan. The bank lends you money to buy a home and they use the home as a way to back up the loan. If you do not make your mortgage payments, the bank can seize your house.
Or you can think of a secured loan as a pawn shop that lends you the money you want but lets you still use the goods you pawned!
So which one is the right one for you? It's a tough decision to make. In most cases, a secured loan will get you a better rate, so you just might prefer that.
However, perhaps you don't have any assets available, or you don't want to risk the seizure of certain assets if you are unable to make payments. In this case, you just might not mind paying a little more for the benefit of having an unsecured loan.
Both unsecured and secured loans are good options to have when you are doing your financial planning. You can use them to consolidate your outstanding bills, leverage your home investments, or get the things you need and want. And, with the choices between unsecured and secured loans, you have the benefit of being in total control of your financial destiny!
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Budgeting for the uncertain timesBusiness StandardWith age, our commitments increase. Be it your child, wife or parents, they all demand financial security. And this is the very thought that HDFC Life Insurance plays on as it launches its online term insurance Click 2 Protect.and more » |
The Reflector online |
Free swag drains decreasing budgetsThe Reflector onlineI get that these novelties are for the sake of promotion and I get that there are budgets created for this explicit purpose, and if the money in that budget isn't spent, we don't get that money next year. But the existence of inefficient budgeting is ... |
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