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How to Ready Yourself for Unexpected Expenses in College

Posted on Jul 15, 2018 with No comments
While situations might catch you off guard, they don’t have to throw your whole life into a tailspin if you plan correctly. Consider these four ways you can plan for unexpected situations.

Stick to a Budget


One of the best ways you can manage your finances involves making a budget. Unfortunately, most people are used to living paycheck to paycheck and don’t utilize the beauty of a budget. Every single month, you should know where all of your money is going. Sit down and take a timeout to allocate money for different expenses.

Deposit Money into an Emergency Fund


Many financial experts strongly encourage the use of an emergency fund. You can start that fund with $1,000. As you get yourself out of debt, you should put more into that fund. Ideally, it’d be great to have a year’s worth of expenses saved. If you ever lose your job or experience health challenges, you’ll be able to have the funds to cover yourself for a year.

Take Preventative Measures


You can shore your finances up against whatever life has to throw at you. For instance, if you have a car that breaks down, you should study your insurance plan to learn if towing expenses will be covered through your insurance provider. Preventative measures also include upkeep and maintenance.




You should know how much oil your car needs and how often it needs to be changed. You also need to know when your tires are old and if they need to be replaced. Don’t wait until you’re on the side of the road with a flat tire to decide to get your tires replaced. Stay on top of your maintenance ahead of time and you won’t get caught off guard.

Live Below Your Means


You get to decide what your means are. It’s important to live below them though. Things will happen in life and you don’t want to be in a position where you don’t have enough to cover your required expenses. When you live below your means, you’re able to set some money aside in a savings account. Rainy days will happen.

Just because you get a raise at work doesn’t mean you need to spend all of the money you earn. Take the money that you earn from your raise and put it into a separate account. Put it in an investment account and allow that money to grow. You’d be amazed at how much you didn’t miss it. Plus, it can come in handy when you really need it.

It’s important to note that you don’t want to live a life where you’re constantly looking over your shoulder. No one is out to get you. Don’t live life with the mindset that something will always go wrong. Still, when you set these different plans into motion, you’ll be able to breathe a little deeper. This is because you know that no matter what happens in life, you’ll be covered.


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Low Credit Score = Loan Rejection? Not Anymore!

Posted on Jul 11, 2018 with No comments

You need money but you have a bad credit? Nothing to feel helpless. Turn to bad credit loans.

A bad credit loan sometimes referred to as “no credit check loan” is a kind of loan that is given to borrowers with bad credit ratings. Various financial institutions like banks, online lenders, credit unions offer these loans for people with poor credit.
Bad credit loans are ideal for those with a low CIBIL score. The lender doesn’t verify the credit score of the loan seeker. The lender accords the loan with no check, but at a higher interest rate and with a verifiable income proof.

Features:

  • The loan is conceded irrespective of the borrower’s shoddy credit history
  • The loan is disbursed quickly
  • The loan comes with a much higher ROI compared to normal loans
  • The loan gives the borrower a flexible repayment tenure
  • Available for a bigger magnitude of loan amounts

Advantages:

  • No requirement of a good, up to the standard credit history
  • Quick loan approval, sanction and disbursement
  • Available with higher loan amounts
  • Variable and accommodating payback periods
  • Lesser documentation and paperwork 
  • No need to pledge any collateral
  • No chance of seizure of an asset
  • Fixed rate of interest

In addition to their suppleness, a bad credit loan bears a greater likelihood to be approved in contrast to other loans. This helps you to maintain your credit standing. If you repeatedly apply for loans and they end up getting rejected, your credit report is most likely to get impacted adversely.

Read Also - How someone can get loan in spite of having a poor rating

Drawbacks:

  • The loan terms are unfavourable and primarily set by the lender. Since the loans are granted to borrowers with bad credit and without the consideration of any linked indemnity, the terms and conditions usuallyhinge on the lender’s favour.
  • Bad credit or no credit check loans have much higher interest rates. 
  • The tenure for loan repayment is also very short.


Types of bad credit loans


Loans for people with poor credit are available in two categories:

Unsecured bad credit loan: Here the borrower signs a contract and guarantee repayment of the loan according to its terms and conditions. In the event of a non-fulfilment in repaying the loan, the lender may chase a recovery of the owed amount through collection agencies or legal procedures. Typical examples are personal loans, student loans, and credit cards.





Secured bad credit loan: Here the borrower puts an item like house, car, or jewellery as collateral to fortify the loan. In case, the borrower fails to pay back, the lender is legally authorized to sell the collateral to retrieve the losses. Typical examples are mortgages, car loans.

How to choose a friendly lender?


The first and foremost factor that you and the lender should assess is your ability to afford the loan. A lender who is socially responsible will check your income, your bank statements before deciding whether to approve or reject your loan proposal.

Also Read: 10 Details About Home Loans

If you carry a bad credit score and need a loan, decide upon a lender who provides flexible personal instalment loans, not payday loans. A payday loan can grossly ruin your expenses. Four out of five payday loans get renewed or rolled over. Instead, tie-up with a lender who offers you instalment loans those mainly translate into more affordable low monthly payments and with moderate interest rates and longer terms.

Choose a lender who shows eagerness in regularly reporting your timely payments to the credit bureaus. This improves your sub-standard credit score over a period.


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How to Budget Appropriately as You Start Your House Remodel

Posted on Jul 1, 2018 with No comments
Remodeling a home can be a great way to make it more comfortable or to increase its value on the open market. However, it is critical that you don’t exceed your budget or spend money on upgrades that don’t offer a significant return on investment. Let’s look at some ways that you can create a reasonable budget for your remodeling project.

What Will Materials Cost?


The cost of materials depends on a variety of factors such as the look that you are going for in a given space and where the materials are purchased. Ideally, you will research prices from at least three different online or physical retail locations. It may be possible to save money by purchasing toilets, tile or other goods at outlet retail locations as opposed to national home improvement stores.

What Will Labor Cost?


Labor costs will vary depending on whether you want to do the work yourself or have a professional do it for you. In some cases, it is best to have a professional do the work. This is generally true when you need to have a room rewired or have the home’s entire electrical system upgraded.





An electrician can also come in handy if an emergency situation occurs during the remodel. Electrical contractors should be willing to provide you with an estimate before work begins.

Will You Need to Get Permits?


Depending on the regulations placed by your local government, it may be necessary to get a permit before making significant changes to a home. It is possible that there will be a fee to obtain a permit, and you may also have to pay a fee to have your home inspected as part of getting your application approved.

What’s the Scope of the Project?


As a general rule, the cost of the project will be much lower if there is no need to open up walls, add new ductwork or add an egress. Therefore, if you have a limited budget, it may be best to limit the scope of a project to cosmetic fixes like installing new floors or putting on a new coat of paint.

One of the perks of owning a home is that you get to turn it into whatever you want it to be. By researching the cost of materials and labor ahead of time, you can add living space or upgrade that outdated kitchen without going over your budget.


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4 Ways to Save Cash on Dental Procedures in College

Posted on Jun 28, 2018 with No comments
Dental procedures can be expensive. This may have caused you to delay seeking out dental treatment in the past. Here are some of the ways that you can save some money on your dental procedures.

Shop Around


Not all dentists charge the same when it comes to certain procedures. Some companies, like Cobbe Dental & Orthodontics, know that you may be able to find a dentist that will offer you a lower rate.

This could be because they’re trying to find their place in the market or are trying to be more competitive. Some dentists will even post their standard rates on their websites. This will save you some time finding a dentist that will work with your budgetary restrictions.

Invest in Dental Insurance


The point of dental insurance is to save you from having to pay a large sum of money when you need dental work done. The premiums are an investment on the future savings that you may receive when you decide that it’s time to visit the dentist.



Not all insurance plans are the same. Some of designed with regular checkups in mind. Other plans offer you protection against unexpected dental emergencies. Decide which plan is right for you.

Schedule an Appointment with a Dental School


Dental schools will often offer patients a discount to visit them. This is because prospective dentists have to learn their skill set and practice their profession. It may take a little longer to have your dental procedure completed due to the inexperience of the person performing the procedure.

Be mindful of this if you’re short on time. The savings that you receive may or may not be worth the time and effort that it takes on your part.

Visit a Free Clinic


Many areas have free clinics during certain times of the year. You may be able to have your dental procedures done when a free clinic is available in your area. Your local health department might be able to point you in the right direction if you’re unable to afford dental care.

Some procedures may be more than this type of clinic can handle. If they aren’t able to perform the necessary procedure, they may be able to refer you to a dentist that can.

There are options when it comes to saving a little bit of money on your dental procedures. Reach out and use the resources that are available to you so that you can find someone that will work for you.


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5 Unusual Ways to Make Money in College

Posted on Jun 25, 2018 with No comments
We know that college isn’t cheap, and you as a student are probably hurting for money right now. You could get a part-time job while you are going to school, but balancing work and your studies is difficult, and there’s no guarantee that any job you find will be worth the stress.

Fortunately, there are things that you might be able to do that can make you at least a little bit of money that you haven’t thought about yet. Here are just five to consider.

Sell Your Textbooks


If you’ve been in college for at least a few semesters, you probably have a few textbooks that you don’t need anymore. You might be able to sell these back to your campus bookstore, but you won’t get a lot of money for them if they sell at all. 

Instead, try selling your textbooks on an online marketplace such as Chegg.com. You may have to do a bit of research to find someplace that will give you a lot of money for your books, but it will almost certainly be better than what your college’s bookstore will give you.

Drive for Lyft or Uber


If you want to work but can’t adhere to a regular schedule, you can always drive for Lyft or Uber. All you need to be a driver is to have a relatively new car (newer than 2007 or so), be over 21 years old, and be able to pass a background check. 

You will be able to set your own schedule and work as much or as little as you want.


Sell Your Video Game Accounts


Since it’s unlikely you’ll be spending a lot of time playing video games in college, you can always sell any accounts you have on eBay or a gamer auction site. 

Players of games like World of Warcraft or League of Legends will pay for a decent account, so that is a very good option if your gaming habits are going to be put on hold for a few years.


Freelance Online


Much like driving for Uber or Lyft, you can find work as a freelancer online and set your own schedule. There are plenty of online marketplaces that allow you to find quick writing, editing, and transcription jobs. 

They don’t pay a whole lot, but you will be able to work as much or as little as you want, which is perfect for a college student.


Sell Coins


This may not apply to everybody, but you might be able to make some extra money by selling any interesting coins that you’ve collected. Many old coins are prized by collectors who will pay cash for them, and some coins may have enough gold and silver in them to be worth at least some money to the right buyer. 

A local coin shop will be able to give you some cash quickly, but if you really want to make some money and you’re willing to wait for the right buyers, you can go on eBay or other online marketplaces. 

Make sure you take some high-quality photos of what you want to sell, keep your merchandise in good shape, and be prepared to research what some of your coins might really be worth before taking an offer. Click here to find out more about selling coins.

These are just a handful of ways you can make money as a college student. As you can see, there are plenty of opportunities that weren’t available to people even a decade ago. You probably won’t get rich doing any of these things, but you should be able to make enough money to stay afloat until you earn your degree.


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Why Home Improvements in College Don’t Have to Cost a Ton

Posted on Jun 14, 2018 with No comments
Bettering your home can be energizing and rewarding. It can strengthen your daily lifestyle in a dramatic way. It can even strengthen your property’s curb appeal and value. Although home improvements offer significant advantages, they don’t necessarily have to cost you an arm and a leg. If you’re savvy, they can actually be pretty budget-friendly, wonderfully enough.

Use Open Shelves


Home improvement efforts often revolve around increasing available space. People are particularly keen on maximizing space that’s accessible in the kitchen. If you’re looking for an inexpensive way to optimize the storage in your kitchen, you can go for open shelves. 

Open shelving can be ideal for the storage of cookware, small appliances, dishes, bowls and the like. Introducing attractive brackets can give them memorable design flair, too.

Try out Track Lighting


Illumination is a big part of many home improvement projects. Thankfully, track lighting investments can make superb inexpensive home improvement options. This lighting enables people to select strategic illumination spots. 




These can be anything from walls and countertops to pieces of artwork. These compact halogen bulbs release light that makes colors in the home appear substantially more radiant and dazzling.

Install Customized Shutters


Customized shutters are window treatments that can be wonderful for people who are interested in affordable home improvement projects. These shutters are attractive and have the ability to obstruct intense ultraviolet rays from the sun. 

Custom shutters are extremely sturdy, too. That means that they generally remain in fine condition for lengthier spans of time than both curtains and blinds. If you don’t want to have to worry about costly window treatment replacement all of the time, custom shutter installation can be an inexpensive and convenient path to take.

Change the Layout of Your Furniture


You may be surprised to realize just how big a difference changing the layout of your furniture items can make. If you want to give your family room or den a major overhaul, nothing can be more inexpensive than changing the layout of your essential furniture pieces. 

This won’t cost you a single cent, period. Think about doing away with your coffee table entirely. This may contribute to a room that feels airier and more open.

Home improvement can be joyous and enriching. If you’ve been putting off bettering your home due to budget concerns, you no longer have to do so. People who are patient, smart and determined can always find reasonably priced home improvement strategies.


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4 Ways to Save Money on a Used Vehicle Purchase in College

Posted on Jun 6, 2018 with No comments
Even a used vehicle can be a large investment, and you should be doing everything in your power to save as much money as possible. With some extra planning and a little bit of foresight, you could potentially save yourself thousands in the coming years. Here are four car buying tips that will help you keep your expenses as low as possible.

Work on Your Credit


Most car buyers need to take out some kind of loan, and that is why your credit report needs to be immaculate. Increasing your credit score by just a few points could drastically lower your monthly insurance premiums as well as your interest rates. 

If you have any blemishes on your credit report, then you will need to contact the creditors directly to dispute the claims. You should begin working on your credit score a few months before you plan on purchasing a vehicle or applying for a loan.

Sell Your Old Car to a Private Party


It might be tempting to trade in your old vehicle, but you will most likely be able to make more money if you sell the car to a private party.



The biggest drawback of selling your own car is the amount of time that it will take. Luckily, there are many websites and organizations that allow you to list vehicles for little or no money.


Pick from the Discontinued Models


Purchasing a vehicle that has been discontinued is another great way to save yourself some money. When a manufacturer announces that they will be discontinuing a model, the sticker price usually drops within a few months. 

Once you are at the car dealership, you can ask a sales associate if they have any discontinued models on the lot. If you plan on purchasing a discontinued model, then you should also speak with the sales associate about buying an extended warranty that will cover parts and maintenance.

Don’t Ignore Maintenance Costs


Just because a car or truck has a low sticker price doesn’t necessarily mean that you are going to save yourself money. Depending on which vehicle you purchase when looking at cars for sale, the annual maintenance could cost just as much as the car payments themselves. 

Some of the other expenses that you will need to consider include registration, taxes, and fuel. Your warranty could offset some of the maintenance costs, but you should still plan on paying for oil changes, filter changes, and tire rotations.

Starting this process as early as possible is the best way to save yourself money and avoid expensive mistakes. You want to be absolutely sure that you are getting the right vehicle at a great price before you sign any paperwork.
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