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Showing posts from June, 2010

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Digital Currency - Cashless Society and Future of Money

  What can replace cash? Due to lots of innovation in this 21st century, nothing seems impossible around the globe. Reality is in front of us, as money will strip off its tangibility and cryptocurrency will appear out as individual units for virtual exchange. This requirement can be fulfilled with the help of Internet, iPhone or any Android-Gadget. Cashless transactions are practiced globally. Various countries like India, Sweden, and Belgium etc... have taken a back step from paper currency. Sweden has an objective to become the first country in terms of cashless economy. Two years ago, demonetization took place in India and most of the population in Belgium does their payment through cards or mobile phone apps. Even, there is a creation of law to limit the cash transactions up to a certain amount. The capability of digital currency Exchange There is a great opportunity for everyone to invest in tokens. The waves related to Cryptocurrency may give an allowance to receive the tokens w

Mortgage rates and its effects on refinancing

For many mortgage payers, refinancing is not only a big option but the one & only solution. The main advantage of refinancing your property is that it effectively reduces the interest rates as well as monthly payments on mortgage . Even it is same if you have a balloon mortgage to pay off. In case of this short-term loan, your monthly payments on mortgage are figured out on the basis of 30-year loan amortization schedules. But as the name suggests, after a short span like 5-7 years the rest of the loan should be paid as the balloon payment. Mortgage finance faced a turn down during the recession period. But as the period is going to over gradually, lenders have started offering comparably cheaper home loans . Mortgage rate variations : It is evident from the latest figures that, mortgage rates have dropped to seven year low ! According to the researchers, before 2 years at the time of financial turnroll, the average rate on a 2-year fixed rate mortgage exceeded

Save your money

It has been said..... "Save for the rainy day" . Yes..money is the mostly needed thing to run our life smoothly. You need to save your money to lead a happy and worry-free future life. You never know when life will make you stand before a serious challenge. It's a wise and nice idea to save your money for future to meet the upcoming needs, to commit the responsibilities and to maintain a contended life. To save your money first of all you need to stop spending more than your earning. To set up a financial goal, firstly set up a budget A budget planning helps a lot to keep one's spending compatible with the earning. Personal budget planning to save your money is the most important skill to plan a better future life. "If you fail to plan, you plan to fail" ...do not forget this. Simultaneously try to make more money. You can opt for some part-time jobs. To get a large amount try for a better job with a higher payment. Sometimes excessive use of credit cards