Payment system

car loans, student loans, and having a baby are all situations that can drive people to the overwhelming doom of debt. Debt is mostly overlooked for the simple reason that people find it normal to have certain types of debt like car and mortgage payments. Debt is sometimes very difficult to escape, especially if one does not manage money wisely. Two of the most common reasons many people get in debt is because they do not save money for unforeseen expenses, or because they tend to live beyond…

the bank the same amount of money that I need to pay the bank back in the future. Usually, the bank has also set a date that I have to pay back without paying extra interest; but, if I delay the payment, the bank will charge me additional interest for not paying on time until I complete my whole payment. Also, according to each person’s financial condition, the bank has set different monetary limits that people cannot exceed (“Credit or debit? Each card type has pros and cons” 52). As a…

The economic downturn over the past few years has really been hard on people of all status, socio-economic background and race. It’s hard to envision an America without the beautiful home and pick-it fence, but the reality of it is that most American families do not have that vision right now. With the beginning of a new day came a way to overcome this sad reality though. The economy is on the rise I believe and with that more people, boomerang buyers, are able and eager to get back into owning…

The National Collegiate Athletic Association also know as the NCAA is a multi-billion dollar business that controls just about everything in college sports. A question asked over and over again when talking about college sports is, where does that money go that the NCAA makes from games and merchandise? According to the NCAA, the money they make goes into the scholarships the school 's offers, stadium upgrades, gear the athletes have, and getting the best coaches to get them into the…

The day I received my first credit card was a glorious day. Everything that I’ve wanted to buy in the past six months became a possibility, nothing could stop my 18-year-old self from jumping off that couch and sprinting down the street to the nearest boutique to buy a pair of shoes. Other than having to pay it back in smaller portions, I was persuaded that there were no costs, up until 60 days later when I received my first credit card invoice, that all changed. I had recently gone to a bank…

can be considered good debt is simple. I call it the 5% rule. Your monthly car payment should not be more than 5% of your monthly income. For example if you make $50,000 a year, which comes out to approx. $4166 a month, then your car payment should be no more than $208.33 a month. If your car payment is 5% or less than your income then you have made a savvy investment and that car loan is a good debt. If your car payment is any more than that then you went above your means and you have taken on…

Throughout grade school it was drilled into us the importance in learning how to save and the need to create a budget to assure one’s future. Like, most teenagers we discarded the idea of needing a budget and spent as much as possible on unnecessary luxuries. They say knowledge is power, so that means that budgeting can help assist in creating that knowledge. When your able to create a true budget, you are able to force yourself to see what your expenses are. Creating a budget line allows one…

need, babysitting, or doing odd jobs for friends or neighbors are quick cash to add on to your payments. Any bit of extra to lower the principle will help. *Stop using your credit cards. Paying down your debt but creating more on another card defeats the purpose. Tuck them away and keep from using them while you work at ridding yourself of debt. *Keep on track with reminders. Continue to make your payments on time even if they are the minimum ones. Set up reminders on your phone or computer so…

pocket. This can be difficult for them to do, especially if the damages are high. As a result, some drivers may avoid paying the amount owed. Fortunately, there are three tips you can use to collect money from an uninsured driver. Give the Driver a Payment Plan If the driver has difficulty coming up with all of the money for the judgement, then you set the up with a…

Refinancing a vehicles Loan - you can Spare several dollars Each time that financing costs drop, individuals are considering refinancing their homes. Yet, what a great many people disregard, is that you can likewise spare cash by refinancing your auto. Autos are simpler to renegotiate than homes. What a waste that a few individuals just disregard to do as such. So what amount of cash would you be able to spare by refinancing your auto? Suppose you purchased your auto about a large portion of a…