Category: News

Non Payment of Students Loans Could be a Double Edged Sword

Funding higher education is getting harder

As we read this article, it is quite possible that quite a few parents are find it extremely difficult to repay federal loans that they have taken for their children’s education. This is as per the latest information available from various data and statistics. As per the plans floated by the federal government, there is a provision to take loans to fund education expenses, as far as the uncovered part is concerned. The ratio of ability of the borrower to repay to his or her income levels is not taken into consideration while disbursing such loans. This is more of a social commitment to the poor and needy from the federal government. However, there is a legal binding on the part of the parents to repay this loan. As the higher education is becoming increasingly expensive, many parents find this program to be extremely useful, when it comes to funding their children’s higher education.

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Reducing Your Debt And Increasing Your Savings

Bringing extra dollar home is what a modern man strives for; no business, no individual is different, whoever you are, whatever you do, an extra dollar will always help. However, earning that extra money is the real problem everyone faces. There is many a way to maximize your income and many a way to minimize your expenditures; both ways leave you with more money, helping you on the long run. On one side everyone wants to earn more on the other side everyone wants to save more and erase debts; any of which is not possible without proper strategy and knowledge.

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How to Create a Weekly Budget?

Creating a weekly budget is the best way to manage your finances. Not all bills and fees come in a regular schedule within a month. To organize your budget that is payable in different schedules, a weekly budget plan is ideally a good thing to accomplish. Monthly expenditures such as water and electricity bills, payment for home or auto loans, food and other necessities should be planned accordingly to know how far your budget can be stretched. To keep track of these expenses, it is advisable to formulate a weekly budget. It is important to keep up with two main important factors in your weekly plan, know how much is your income and how much will you be spending.

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How to effectively split your paycheck

Dividing your salary is very important because there is only one income source, but multiple expenses. Among these, there are many fixed expenses while others are dynamic as well as some unexpected ones like in cases of emergencies. So to tackle this issue, it is very important to properly divide your salary so that not only you have channelized your expenses properly, but also end up with a significant amount of savings at the end of the month.

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How Do I Use My Credit Report?

Most of the people go for the loan or debt when it comes to go for money. There are a number of ways through which you can get the debt easily but the serious complication arises when you have to dispute the debt. It is therefore very important to cover all the minor details about the dispute before presenting your case to the company that has granted you with the loan. All the documentation must be completed before presenting it to the dealers, debt-collectors or the company.

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How to cut back on your monthly spending?

After analyzing monthly expenses and creating a budget, it’s time to cut back on excessive spending? It’s not difficult to stop spending excessively. You just need to remind yourself that you are on a tight budget and need to save money for the rainy day.

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How to Increase Income through Investments?

The area where you should make Investment of the money you earn after years of hard work is probably the most difficult selection you have to make. This selection may take a great deal of time if you do not have experience in this field. Besides, you should know about your options for investment of money and the manner in which your originally invested money can be multiplied. In addition to this, there are a number of other things you need to know for making money by investing in property or other business partnership. Some of these considerations are discussed below.

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How Do I Get Out of Debt?

When you are always finding yourself dipping into unpaid bills and overall debt, you should definitely do something about it. Address some time to your finances and take control of your situation by learning how to get out of debt. There are several ways to clear your financial status and get rid of the mess you got yourself in.

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How to Make the Best Choice as far as Retirement Plans are Concerned?

The people who are now young and have just started their career should remember that they will also be reaching the end of the road, the moment, they touch 60 years of age. They could be earning six figure incomes, even a month before retirement but after retirement, their incomes plummet and touch zero. It is therefore important to start saving for one’s retirement, well in advance.

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Is Another Lehman Episode Lurking In China?

Those who have been in touch with the latest happenings in China, would have come across the news of a mini-stimulus to give a slight nudge to the economy, which is certainly slowing down. While the results of the stimulus will be known only after a few months, the latest figures do show that all is not well in the Dragon country. The manufacturing indices show that it is contracting quite significantly. There also was a disturbing trend of corporate default, for the first time in the history of China. This certainly led many financial analysts and economists to believe whether another Lehman type of event for waiting to happen in this country. Although, such fears are far-fetched, still the warning signals are there for all to see.

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