Friday, 28 February 2014

7 Simple Financial Lessons

Being good at managing your money isn’t really all that hard. There are a few basic principles that will help you make the most out of your money, whether in your private life or in your business adventures.

Here are seven simple financial lessons that you should implement in order to succeed.
Finance

1. Routines Are Key

Firstly, you want to focus on creating financial routines. It is really important that you go through your finances at the end of each month, for instance. This is a good time to create a budget and look at your savings situation.

Make managing your money into a habit and you can really boost your financial situation without really having to spend that much time doing it.

2. Expand Your Goals

You also need to have financial goals. These are really important because they give your routines and your decisions more focus. You can find some good tips for coming up with financial goals as well as achieving them from this Sorted.com article, for example.

3. Spend Less Than You Earn

Perhaps the simplest example of how money management doesn’t need to be difficult is all about this third lesson. Being financially better off is all about spending less than you earn. You just need to make sure you know how much you earn each month and find ways to guarantee you never spend above this amount.

4. Practice Frugality

And perhaps the easiest way to do this is by practicing frugality. But don’t think that being frugal is all about removing all enjoyment out of your life. There are plenty of ways to enjoy your life on a budget. You just need to make sure you find these simple little ways of saving money.
Planning and preparing for your spending are very simple ways of ensuring you are frugal with your money.

5. Earn More

You should also keep your eyes open for new earning opportunities. There are usually plenty of options for doing this, as long as you are willing to try and work hard. Many options for earning a bit more money can also be something really fun to do. For example, you could start blogging and make money with your blog.

6. Control Your Life

Managing money is all about understanding that you are in control. Take a positive attitude when it comes to money management and understand that financial problems happen and you just need to find ways to deal with them.
You aren’t all alone with your money either. You can find help with online accountancy which is affordable and can guarantee you more control over your own future.

7. Think Positive

As mentioned above, it is also really crucial that you think positive when it comes to finances. A pessimist way of thinking about money can be very damaging indeed and will guarantee you get into trouble.
You are able to change your financial situation if you just stop blaming yourself or your circumstances. Think ahead and find the tools for improving your situation.
Featured images:
Ian Pilkington is really interested in helping people with their money issues. He likes to find simple solutions to big problems and guarantee people take control of their own money. He is also really passionate about late night talk shows.

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Thursday, 27 February 2014

10 % Increase in D.A, 50% D. A Merging and Retirement Age 62


http://www.flickr.com/photos/doctorow/2870639888/


All central government employees are looking for the cabinet meeting which will be held today. Two or three benefits may be declared today for Central Government Employees.

10% increase in D.A from 01.01.2014

The definite one is 10% increase in Dearness Allowance which will be paid with effect from 01st January, 2014. As per the latest AICPIN (IW) (All India Consumer price Index Number for Industrial workers) the Dearness allowance headed 100% from 01st January, 2014. This will be declared today.photo credit:

50% D.A Merging

As per 6th Central Pay Commission when the DA (Dearness Allowance) hits 100%, 50% Dearness Allowance will be merged to basic pay. This may be declared today when the Dearness allowance meets 100%. Almost all employees associations requesting this merging and if this merging will not be declared an interim relief with effect from 01st January, 2014 may be declared today.

Retirement Age 62 years

Government employees are also expecting an increase in retirement age up to 62 years. At present the retirement age of central government employees are 60 years. It may increase to another couple of years.

Other benefits

When the DA touches 100% some allowances will be increased to 25% more. This also will be an added advantage to central government employees. Another expectation is minimum pension amount will be Rs. 1000. Let us wait for the declaration of the cabinet meeting today.

Wednesday, 26 February 2014

Five Amazing Tips To Pay Off Your Student Loans



Paying off your student loans can be intimidating – and for many students, no small financial burden to chip away at.  When someone graduates from university or college, they’ll have a lot of things on their mind – including the big task of landing a solid, well-paying job and a nice place to live on their own.  All those things combined with paying off their loan can frighten many people.

But don’t worry. Alleviating student debt loads of thousands of dollars isn’t an impossible task. It’s also one that can be highly instructive for people in their 20s. This is because tackling student loan debt is for almost all young people the first big financial obligation that they’ll have to deal with in their adult lives. And by coming up with a plan and sticking too it, the debt load can be brought down to zero in good time.

And paying it off sooner than later can make a big difference in your total payment. Think about it. If you have $30,000 in debt (not an unheard of amount these days) with a rate pegged at a 4.5 interest rate, you’re looking at about $15,000 in interest payments if it’s paid off over two decades. However, get rid of that debt in 10 years – half the time – and you’re looking at roughly $8,000 in interest payments – a substantial chunk of cash.

One thing to keep in mind is that declaring bankruptcy will not wipe out that debt if you’ve attended school within the last seven years. Though this will stop collection of the debt for a few years while the trustee handles the bankruptcy file, interest will continue to accumulate – and if you want to go back to school you may face difficulties if a credit rating becomes part of the eligibility requirements. After seven years, however, student debt can be included in a bankruptcy like other debts.
But how do you do it? Here are five top tips to get prepared for paying off a student loan, and doing it in less time than it would otherwise take.

Keep positive

Achieving a goal of debt repayment involves a lot of factors, but perhaps the most important is staying positive. If you feel you can do it – pay off that mountain of debt – then you’re more likely to achieve your goal. The power of positive thinking, as it’s been called, can be powerful indeed. It’s good to keep in mind how great you’ll feel (and not just financially) when the loan is finally gone for good. It’s extra cash in your pocket (that would otherwise be spent on loan payments) as well as a burden off your shoulders.

Make a plan

Get to know your student loan obligations and plan for them. You can do this by using a loan repayment calculator and read the fine print on your loan to make sure you’re not being overcharged or missing out on ways to defer the payments. And of course you should draw up a monthly budget that includes student loan payments.

Begin payments in school

If you can, consider starting to pay down a loan before your time in school is finished. While most students live paycheque-to-paycheque (or loan deposit to loan deposit) any head start you can get on chopping your loan down will pay off later, due to lower amounts of interest paid.

Automatic payments

Make sure you aren’t missing out on making the minimum monthly payment (and thus paying higher total interest) by having the regular withdrawal made automatically and directly from your bank account. Consider your student debt consolidation like a phone bill – something that should always be paid each month, with no chance to forget about it.

Pay more than the monthly minimum

This one’s obvious, but people psychologically are susceptible to missing it – pay more than the bare minimum. Take the mandatory amount you have to pay a month not as the total monthly payment, but a starting point. Then, go through your budget and find as much free or loose money as possible. If you do have regular room in your budget after your basic loan amount is taken out, budget in a higher amount each month. Then set that amount as your monthly automatic payment.
By keeping on top of your post-school budget, you’ll find it easier to free up money for student loan payments, and pay them off earlier than otherwise. You’ll be glad you did.
Featured images:
  •  License: Royalty Free or iStock source: shutterstock
I am working as a consultant for finance and education in one of the firms in Canada. I am largely dedicated in giving expert analysis and advisory in education, finance, bankruptcy and credits to individuals, students, entrepreneurs as well as firms and organizations. I do more research on various courses, accredited colleges and educational institutions so that I get in depth knowledge about latest trends in education. - Gordon Wolfe

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Tuesday, 25 February 2014

Investment Made Exciting

Investment is something we all want to do in our lifetime, it is the time that you realize that you have made something of yourself. There are so many cool things to invest in nowadays and three of these will be explained in this article. Naturally you are quite limited as to what you can invest in and it is also something that is very dependent on personal interest but I will try and bring out three ways that are universally appealing.

Alternative Investments
The internet has changed the way we all view the world and that doesn’t change when it comes to investment, things are much more accessible, research is easy and you can get things so much cheaper nowadays. it is just scary to think how far we have come in such a space of time, if you apply that to a long term vision for the future, we are going to be serious advanced in 20 years’ time.

New Businesses

Looking to invest in new businesses and initiatives is something I would recommend for sure. There are so many different and interesting new ventures out there that anyone with a considerable and credible interest in investment should certainly look into.
We live in the internet age and there are a lot of companies out there that have just started up on the internet alone and I believe these are the companies that you need to look into first. It is incredible to think how far we have come technologically in recent years and just thinking ahead it is hard to envisage a world that isn’t further dominated by technology and the internet is the primary force behind this chance.
Top investment bosses such as Brett Lankester for example recognize the importance of the internet and believe that investment online is a positive thing. I honestly believe the future of investment does lie online and anyone looking to start out on the investment ladder should look into the internet as their first port of call.

Stock Market

This is an age old method of investment but there is no denying that it is pretty exciting and interesting. The stock market is the most volatile way to invest but if you have a strong economic background and a strong instinct then it is certainly something you should look into.
There are so many different companies out there nowadays that are floating on the stock market and all it takes is one of your investments to strike gold and you will be laughing all of the way to the bank.

A Gamble

It is important to be willing to take a risk. There are too many people out there who just don’t take that extra step in life and it is those people that will struggle in the investment world.
You must be both ruthless and calculated and work out certain ways in which you can maximize profitability without jeopardizing your initial investment. Do your research and work out where you want to invest.
Featured images:
Tom Carlton is a writer with a lot of experience in the industry. He has written for numerous high profile companies over the years and he really enjoys his career.

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Monday, 24 February 2014

What Doesn't Affect your Credit Score


Many different aspects of your financial history affect your credit report, and it is even affected by a lack of credit in the past. Moving house, changing jobs, taking out credit and even those you share accounts with can all affect your credit score, so it is important to be extra careful with your financial footprints when making decisions about credit and your money. There are some things however, that many assume has a bearing on their credit score, but in fact they don’t. Here are a few myths about your credit rating explained:

Who you live with

Who you live with historically had a bearing on your credit rating, as it was once calculated on your address, and address history, rather than on you as an individual. Now, the only people who are taken into account for your credit score are you, and anyone you have financial ties with. For example, if you have a joint current account with someone, or jointly own a business, then his or her credit will be taken into account with yours, but not just for sharing a home.

Running insurance quotes

When insurance renewals roll round you are best advised to run as many insurance quotes as possible in order to get the best deals. Whilst insurance companies and comparison sites do check your credit as part of their search, this check does not affect your credit rating. You will be able to see that these have been done on your credit file, but creditors will not, and it has no bearing on your score or ability to get credit.

Checking your credit rating

Whilst most credit checks will show on your file, and too many in a short period can have an adverse effect and show you as credit hungry, the same is not true for personal checks. You can check your own credit score at any time, without it counting as a check on your rating. If a company is offering you a credit checking facility but doesn’t inform you that it won’t adversely affect your credit score, then it is most likely one of the credit cleaner scams, as opposed to a legitimate credit reporting company.

Applying for credit (sometimes)

Most of the time, applying for credit will show on your credit file, and doing this too many times in a short period will affect your chances of being approved. Some credit card and loan companies now offer “pre-checks” to try and combat this issue, so they can give you an idea of whether you will be approved, before you go and run the full check and leave a mark on your credit file. These checks are not definitive, but do give a good indication, so are great for those with worries about their score.
Companies legally have to let you know if checks they are running will show or affect your credit score, before they run them. Always read the small print, and make sure you only run checks that are absolutely necessary, and if applying for credit, only do so if you believe you have some chance of success. Check your credit report often, as checks on your file that you are unaware of are a good indicator of fraud in your name.

Bill Turner is a freelance writer and animal rights activist. He enjoys spending most of his time in nature with his dogs and travelling the world with his family.

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Sunday, 23 February 2014

Easy Ways to Improve Your Credit Score


Every lender has a different idea of what makes the perfect customer. This means that there is no hard and fast rule as to what makes the ideal person to lend to. What lenders do have in common though, is that they will use your credit score as a guide about your financial situation, and they will know what score they deem acceptable, even if this isn’t the same across all companies. The better your credit score however, the more likely you are to get credit, and the higher this is, the more companies there will be who will be happy to approve you. If you find yourself refused credit, then you may want to take steps to increase your score, to improve your chances of getting credit in the future. This isn’t as hard as it sounds, and there are some really easy things you can do to help.

Electoral Roll

Even with the best credit score in the world, if you are not on the electoral roll you will have a tough time getting approved for finance. Companies use this to validate your address and residential status, and also to track back across your address history. If you know you aren’t on the register, then the first thing you should do is print off the online form, fill it in and send it back. It can take a little while for your credit file to be updated with this information, as updates are only done monthly, and it can take even longer than this to show on public records.

Close Accounts

Having inactive accounts that you know longer use but that remain open tells potential creditors that you have unused credit available to you. If you don’t intend to use a certain card or account again, then you should call or write to the provider and ask for it to be permanently closed. This will also protect you from any fraudulent transactions being carried out in your name using these details and accounts. It is always best to know exactly what you hold and where.

Address Admin

Make sure that any financial institution you have dealings with has the correct address for you. This means all bank accounts, catalogue accounts, credit card providers, anyone who you have finances with has the right address. When you move, putting a forward on your post will get your letters to you, but it will not reflect on your credit report, and inconsistencies look bad to creditors.
If you are working to repair your credit score, have done the above, but are waiting on some longer-term fixes, then there still companies who will grant you credit. There are institutions like Loans Direct who will offer members access to credit providers tailored to your own credit rating and situation, help with improving and tracking your credit score, and much more. Loans Direct refunds customers who aren’t happy with the service and only charge membership to those they believe they can match to a loans provider. 

Bill Turner is a technology guru and freelance writer. He is a avid trainer and marathon runner and animal rights activist.

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Friday, 21 February 2014

How To Money Through Investment

There is a lot of money that you can make through investment. If you are instinctive and are willing to take a few risks then the outcome can potentially be extremely lucrative. We live in the internet age and there are so many different companies nowadays that are investable but it really takes a strong investor to make the right decision at the right price. Investments
It is important also to know when to sell, investors often hold on to stocks or shares because of some sense of loyalty to the firm, it really shouldn’t and doesn’t work like that.
The world of investment is ruthless and you have got to be willing to make those tough, split second decisions in order maximize the profit you make or minimize losses (that will sometimes be the case I am afraid).
The economy currently is extremely volatile and fragile and any large investment must be taken cautiously.

Take a Risk

You have got to be willing to take a risk or two when it comes to investment. There is just so much competition out there and so many companies are relatively stable in their growth, it is the more unknown companies that you want to focus on. We live in a world that rewards risk takers and if you are well informed in your risk taking then the chances of lucrativity is high.
My fundamental point about risk taking is, be willing to do so, only on the back of strong research beforehand. I appreciate there is a lot of intuition and guess work when it comes to investment as you realistically don’t know how the market is going to react for sure.
That said, I honestly believe that if you can base your decision making of some prior research into that company or the industry, the chance of success is much higher.

Have a Limit

It is important that you know your limits, whether it is buying or selling, you must know when the time to go is. There is absolutely no place for loyalty in the investment game, it is these company loyalties that will get you into a lot of trouble and cause you to lose a lot of cash.
In the UK particularly it is important for investors to understand the general economic situation of the world and the internal one too. This may seem like a rather obvious point but you will be surprised at the number of investors who have no idea about the climate they are investing in and they are the ones that get caught out.

Seek Advice

It is essential that you seek advice. There are many companies out there that can offer you great investment and wealth management advice. Investment managers like Brett Lankester are constantly looking at ways to diversify the service they provide and they know what they are talking about.
If you are a serious about investment as a lot term thing I recommend seeking advice of the professionals because they really do know all there is to know.
Featured images:
Jim Davies has been writing several articles recently about investment and the economy. He recently graduated from a top university with a business management degree and is looking to pursue a writing career.

How To Save Money With Three Simple Steps

Saving money is frighteningly simple yet there are so many people out there who go through so much financial turmoil each and every day and that is in part because of misinformation and in part because of a lack of desire. There are so many positive reasons for saving money, it just seems illogical to me to see people who don’t bother even trying when at the end of the day it is you who is going to benefit, not the people giving you the advice.

Naturally it is down to you as a person to decide whether saving money is something you want to do but if you decide that saving money is something you want to be a part of then please do continue reading. This article will provide information about three simple ways to save money and these ways will be highlighted in the simplest possible terminology.

Save

 

Strong Will

You have got to have the will and desire to make a change. If you have a desire to make a change then the whole process will be that little bit simpler. There are so many ways to save out there, all it takes is you to have a desire to make a change and if you can do that then there really is a future for you in the money saving game.
Do your work and do your research, it is paramount that you know what you are getting yourself into. Find a way of saving that suits you and your family, set yourselves targets for the weeks and months, it will make everything that little bit simpler, believe me.

Research Ability

This is a very significant point, you have got to be innovative and check online for the latest technological changes that could save you money in the future. Companies such as Agua Flux sell shower heads that are designed to reduce the amount of wastage when you have a shower, sounds good to you? It really is a great piece of technology that can save you a fortune in the future.
Investing a little money to help reduce the amount of water you use will remain really worth your while and when you check your bank balance at the end of the month you can thank me. It is unpretentious and morally cleansing, who wants their shower to hurt because it’s that powerful anyway.

A Will to Spend

You have got to be able and willing to spend some money in order to save money. As mentioned before, there are many products out there that can really help you save your money and if you can adapt and include these into your daily lives then there is much potential.

My main piece of advice comes with research, you have got to be willing to invest some time in finding out the methods for saving and you have also got to have a lot of self-discipline, you won’t be able to save if you aren’t willing to make some cutbacks
Featured images:
Jason Blake is an author with wide ranging industry experience. He has been writing for many years now and has a lot of industry experience that really shows in his writing.

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Thursday, 20 February 2014

Top Tips For Wise Investment

Investment is essential if you are to make continued profit. We live in the internet age and there are so many opportunities online to invest, if you know what you are doing then there is a lot of money to be made. Bitcoins have now hit the scene and I believe there will be a distinct rise in these online currencies in the future.
If you are pragmatic and open minded and have a large amount of capital then you really can make a lot of money investing, only if you do it wisely. This article will provide three simple ways to invest wisely, I have experience in investment and the advice I am going to give has been tested and tried.
As an investor it is important to both follow your instinct and also take advice when necessary and this is one of those occasions.

Borderless Investments

 

Research is Key

I honestly believe that research is the key to wise investment. There are just so many things you can invest in nowadays, it is frightening to think of the number of companies out there all with a unique service.
It really is a matter of personal preference, when you are looking to invest it is paramount that you focus on things you want to put your money into and things that you are actually interested in.
There is absolutely nothing to gain from investing in things that are already established or if the price of their stock is too high. You have got to be willing to move forward and think progressively, if you can do this then there is a lot of money to be made with minimal risk.
You have got to invest time before you invest money, the internet is a brilliant tool for research and if you can utilize the internet for your own research into companies then brilliant. It would be the first thing I would suggest and probably the same applies for investment experts such as Brett Lankester and many others.

Be a Visionary

This means think ahead and think about what you think the future world landscape is going to look like. There are so many different ways the world could head and I believe the focus is going to be increasingly on the internet in coming years.
The potential of the internet is too great in my opinion and if people don’t latch onto this now they are in danger of falling behind. Just think how far we have come in the past 20 years and then apply that to the future and everything should become clear.
The internet is an amazing thing and can help us all in so many ways and investing in it is something I highly recommend and it helps you to really get private equity, investment and funding as an entity.

Take a Risk

You have got to be willing to take a risk now and then. There are so many different things you can invest in now and deciphering between everything is extremely difficult. Work out what markets you think have the most potential and then don’t be afraid to take a risk, even if it goes against the grain.
Featured images:
Matty Phillips is a writer with bags of experience. He has written for some established companies over the year and is currently working freelance for many different companies.

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Wednesday, 19 February 2014

Five Simple Investments For Your Hard-Earned Money


It's a dog eat dog world out there, especially when it comes to something as valuable as cold hard cash. That being the case, it's hard to know where to turn when it comes to investment. I mean, as Wolf of Wall Street showed, for a some people, it's all about ripping you off for the highest dollar amount possible. Thankfully, there are five simple ways to invest your money wherein you'll know exactly what you're getting yourself into... very few wolves involved.

Savings Accounts

Sounds simple, don't it? The truth is one of the simplest and safest methods of investing is probably right at the local branch of your bank of choice. There's usually some fairly good long-term savings accounts options with either fixed or variable interest rates. Though the fees can be rather high if you choose to do anything other than let your cash sit there and accrue interest, if you've got a fair amount of money and you're not planning on spending it for a while, this is probably your best bet. Or at least your safest bet, anyway.

Term Deposit

A term deposit is a cash investment agreed with a bank or credit union for a set rate amount of interest and a fixed amount of time (hence, “term” deposit). This term can vary from months to years, but in that time the interest rate will remain fixed at the agreed upon level, regardless of what the Federal Reserve Bank decides to do.

The money can usually only be withdrawn at the end of the term. Though if you really need it, you can withdraw early and be slapped with some kind of fee or penalty. Again, this is a fairly safe investment, as it is free from the fluctuations of the stock or real estate markets. You know exactly what you'll get, and when you'll get it.

Real Estate Investment Group

Want to rent out a property without the hassle of becoming a landlord who has to shake down tenants for rent or hire the plumber when the sinks stop working? Well, a real estate investment group is the simplest option.

A real estate investment group will buy or build a block of apartments, and then re-sell them to prospective investors. When you do buy, you become a part of the group. You can own several of the apartments in one block, but it's the group that will take care of all the nitty gritty details... for a percentage of the monthly rent, of course. That being said, if simplicity is what you're after, then that percentage may definitely be worth it.

Bonds

Also known as the fixed-interest market, bonds used to be rather limiting, as the minimum you had to put down to buy a bond used to be so high that only the wealthy or institutions could use them as a method of investments.

However, you can now buy government and corporate bonds for as little as 100 bucks a pop. As with some of the above options, it's a relatively safe bet, as the bond market operates completely separately to stocks, market fluctuation, etc. Though the fixed-interest may be limiting, you know exactly what you'll get and when you'll get it.

Stocks

Simple, but also the least safe option on this menu. Stocks essentially allow you to own part of a business. As a stock-owner you'll receive a tiny proportion of a company's profits per share you own, as well as being able to sell the shares on for personal profit should they increase in value.
With the rise of the Internet, it's become very easy to become involved in the share market, but if the company whose stocks you bought fails... well you can consider your money a long-lost memory. With greater risk, however, comes the chance of greater reward. It's up to you whether you think it's worth it.
Featured images:
Stephen Zev is a graduate writer who likes to think of himself as a shrewd investor. He's always keeping an eye out for top stocks and the next big

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Tuesday, 18 February 2014

Why It Is So Important To Hire a Hedge Fund Consultant



Many people benefit from hiring a hedge fund consultant in order to better plan out their investments. A hedge fund enables a group of people to use their own money when investing into a particular company. You might own the company yourself and be working as a partnership with someone else who is also investing in the company with you. While having a business partnership might seem like a more logical decision and a more affordable one, it can still get expensive to grow a company and truly make it a success.

For this reason, many individuals are choosing to work alongside a hedge fund consultant to ensure that they are making wise financial decisions. As stated before, the hedge fund is something that partners will invest into for the good of a company. By meeting with a consultant, you will be able to get sound advice on how much is enough for a well-established hedge fund and what you and your business partners are going to need in terms of finance to get the company on its own two feet.


The whole purpose of hiring a hedge fund consultant is to avoid financial ruin when investing into a business that you will be owning with a variety of business partners. Many people invest into a company and get into a partnership without really thinking of the financial consequences. Things can get pretty scary when the business starts to sink and you have a lot of money invested into it. By working with an expert hedge fund consultant, you can learn what you should be investing into the company and if the business venture is even a good idea for you at this point in your life. The consultant will be able to give you some amazing advice in terms of the right type of business investments you should be making.

There is nothing scarier than having a lot of money invested into a particular company and watching it fail over time. Thankfully, working with a professional hedge fund consultant can save you from having to deal with this in the future. The most important thing to remember about working with this type of consultant is that they will give you sound advice that you can either listen to or ignore. They will also be able to help you set up a budget and an account for all business partners to put money into.

Author Bio: Leo Aranas is a marketing specialist. He is currently working for a financial marketing firm in New York that employs experienced hedge fund consultants for startup investments and businesses. For more information, visit http://oviscreative.com/creative-services/overview.pl.

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Monday, 17 February 2014

Tax Refunds: How To Get Your Money Faster

Tax season is just around the corner, and if you are getting a refund, you most likely want to get your money as fast as possible. Employers have until the last day of January to mail your tax forms to you and unfortunately, many of them hold out until the last minute. However, if you make use of the following tips, you can get your money faster than you may have imagined.

Tax Refund

Gather Together Your Paperwork

After you receive your tax forms from your employer and/or other sources of income, take some time to gather together any paperwork and information you think you may need to file your taxes. Depending on your job, this can include such things as w-2s, 1098s, 1099s, receipts pertaining to work expenses and social security numbers for everyone you wish to claim as dependents.

File Online

First of all, the best, easiest and fastest way to file your tax return and receive your refund is by filing your taxes online. In this way, you can avoid long lines often encountered in tax offices by filing at your own convenience. There are many businesses that offer online tax filing including the following companies and organizations.
  • The IRS
  • H&R Block
  • TaxACT
  • Liberty Tax Service
  • Turbo Tax
  • Jackson Hewitt
Request an Anticipation Loan

If you are getting a refund, you can request an anticipation loan and in most cases, your refund will be approved within three to 10 days. Your wait will depend on several factors including the tax service you choose to file with, when you choose to file and the amount of your refund. Typically, when you file online, your eligibility for an anticipation loan is automatically reviewed. It is essential to note that there is a small fee for this service.

Request an Electronic Payment

In addition to requesting an anticipation loan, if you want your money as quickly as possible, request your refund to be electronically deposited into your checking or savings account. Not only is this the fastest way to get your money, but it is a secure way as well. Simply supply your checking or savings account information to the tax company of your choice after you have finished filing your taxes.

Today, many tax services also allow you to have your refund deposited onto a debit card. However, before you choose this route, you will want to make sure that it is an option offered by the company you file your taxes with. Choosing an electronic payment can help you get your money within just days whereas it can take several weeks for a paper check to be mailed to you.

While tax season can be a dreaded time for some people, it is an exciting time for individuals who are expecting refunds. If you are among those persons who are expecting a refund on your federal and/or state tax returns, you can get your money quickly by following the useful tips described above.
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Anastacio Mindiola writes about how homeowners can save money and reduce their tax bill. His advice on expediting tax refunds is very important for families with cash flow shortages. He works for Republic Property Tax in Houston, Texas.

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Wednesday, 12 February 2014

Income Tax Basics For Young Professionals

By Priya Agarwal

So you have only just started earning and are on the path of self discovery especially with regards to your financial life, right? And one of the vital aspects to that would be - taxes. Understanding tax is not easy, but very much necessary. So, lets take it one step at a time - we are going to specifically look at - Income Tax. Here are some of the common confusions and relevant explanations surrounding the whole process.

What is income tax?

Income tax is the tax you pay to the government. It is based on the income you earn, i.e. when your income exceeds a certain slab, then you are required to pay tax on the excess amount earned.

Why should I pay tax on my earnings?

Every citizen is obligated to pay income tax as per law [Income Tax Act]. The collected sum is used for further development of the nation.

How much should I pay?

The amount of tax you will have to pay is purely dependent on which income slab your salary falls in. The percentage of tax to be paid will also vary depending on:

1) Whether you are a man, woman or a senior citizen [the income slabs are different for all three]

2) Your income and the slab it belongs to(that is specific to you). For instance, the tax payable by someone who is earning between 180,000 and 500,000 will be 10% of the amount that exceeds 180,000.

Similarly, if the income is between 500,000 and 800,000, then the taxable income is a fixed amount plus 20% of the amount that exceeds 500,000 and so on.

How often should I pay?

Income Tax is paid on a yearly basis. The duration considered here is between April 1st to March 31st of the next year. This period is also known as a financial year or 'previous year'.

And the last date to file your income tax returns would be July 31st.

How to file income tax?

Filing Income tax can be a daunting task, which is why you have to options:

- doing it yourself

- engaging a good chartered accountant.

You also have the facility of filing income tax online or offline.

What are the documents required for filing tax?

The documents to be submitted while filing are as follows:

1. Form 16 - is given to you by the company you work for. It consists details of the tax that was deducted from your salary. This is the main indication that you have paid income tax.

2. Form 16A - is given to you by the bank or financial institution where you have invested in term deposits. This indicates the various tax deductions at source for your account.

3. Bank Statement Summary - shows the transactions performed by you throughout the financial year. This will include everything from savings, investments, expenses, loans and also income earned.

4. Property details - any property sold or bought by you in the previous financial year should be recorded and duly submitted at the time of filing tax returns.

5. Interest certificate - In case you are paying monthly installments towards your housing loan, if you want to save on tax, then you will have to show the supporting documents in the form of interest certificate from the institution that provided you the loan.

6. Investment details - if you haven't already declared it in the Form 16, then do it here. Details of your investments in tax saving tools such as public provident fund and so on.

7. Receipt of advance tax (if any) - to show that you have paid advance tax.

Is the salary I receive the only form of income?

No, there are various types of taxable income:


1. Your salary
2. Rental Income (if any)
3. Income from business
4. Capital gains (for eg, sale of property)
5. Incomes from bank deposits, cash gifts and so on.

Some of the key points to be kept in mind while filing income tax are as follows:

Make sure your signature is uniform across all the documents you use for filing
Do not overwrite or misspell in the form
Double check the PAN number you have given.
Even the date written matters
Original TDS certificates and receipts to be produced at the time of filing.
Avoid delay payment of tax as it attracts a fine.

Looking for more ideas to help manage your finances better? For starters, visit http://www.rupeezone.in for more knowledge on money management.
With over 2 lakhs customers and 25 years of experience, RupeeZone is a well established financial services organization.
Article Source: EzineArticles.com
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