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Why is personal finance software so important?

These days, technology has really revolutionized people's way of life, including their financial lives. In the past, most people used a pen and paper to document their earnings, expenses and finances. What is personal finance software? Home finance software refers to a financial tool that allows you to prepare a budget, track your expenses and check your general finances. These days, there is no valid reason why you should be disorganized and in debt because there are many good personal finance programs that you can use to track your money, plan your future and fully control your finances. If you have a PC or a laptop, you are lucky because you can easily find good home financing software at a low cost. Application developers have now addressed the high demand for these applications, as they now have all kinds of features and capabilities that can save you money, time and effort. Analysis Now you can analyze your finances without help. However, this type of analysis can

5 Instances Wherein a Personal Loan Can Rescue You

Throughout life, there are various reasons why you may need to look into taking out a personal loan. Instead of being ashamed of it, you should view personal loans as a chance to change your financial situation and an opportunity to transform your economic outlook immensely. If you are looking to get a personal loan, then keep in mind that the best bank in the UAE will use your credit score as the primary determining factor to decide if you are a desirable candidate for this loan. Furthermore, your credit score will be used to determine how much money you will collect and what your interest rate will be. Here are five instances wherein a personal loan can rescue you. 1. If you need to consolidate your debt Generally, the most common reason why people acquire a personal loan is to consolidate their debt. This can work by either paying off current high-interest debt with a lower-interest personal loan or by merging present debt obligations into one personal loan to make debt r

Bajaj Allianz Life Insurance Launches Digital Branches Through Mosambee

Bajaj Allianz is a combined undertaking which incorporates both global expertise and local experience between Bajaj Finsery Limited and Allianz SE. Starting their journey in the year 2001, the company has become to be one the top insurance company brands in India. This Life Insurance provides a number of plans that incorporate minimum investment for greater returns. The company is best reputed for their investment plans, their long term and short terms planes, child plans, pension plans etc. Bajaj Allianz Life Insurance Plans It is best known for their life insurance plans. There are a number of life insurance plans that are offered by the company itself. The plans all vary from one another depending on the type of plan, the entry age, the maturity age and the annual premium that needs to be deposited by the insurer. The different types of plans that are offered by the company all meant for different purposes. Some of the types of plans that are offered by this include: •

Simplifying Personal Finance

A game of percentages You check out online forums and discussion panels and people are always asking questions like, ‘How much should I save’, ‘How much can I afford on housing per month with XX income,’ or ‘Should I put forth all effort towards repaying outstanding debt or just make minimum payments.’ Without disclosing specifics about your personal finance information and situation, there is a simpler way to calculate how much you should allocate each month to each specific group of expenses. Let’s talk a little bit about percentages and income proportions.

The Ins and Outs of Balance Transfer Cards

Image Courtesy: money.uk.msn.com Introduction Recent statistic published on Love Money has revealed that one in three of those who take out a balance transfer credit card fail to repay it within the interest free introductory period. Rather more worryingly the average outstanding debt at the end of the interest free period is £2,400 moreover 20% borrowers lost their interest free deal because they’ve broken the terms of the agreement.

Reasons to Use a Financial Management App

If you like to keep track of personal budgets, or if you just ask yourself at the end of the month where did all the money go, it is time to go from a piece of paper and a pen to your financial management app. As smartphones are everywhere now, there is no reason for you to refuse to use an app that would bring so many benefits to you and your finances. You save Money It has been proven that people who keep track of their income and expenses, and people who plan their budgets manage to save more money than others do. Financial management apps allow you follow your incomes and your costs, analyze them and see where you can cut and where you can add. Seeing the exact numbers will motivate you to want to save money, and will help you decide on whether to take a loan.

How to Secure Finance with Bad Credit

If you have bad credit and want a car loan, don’t despair there are still options out there for you, even if you have been knocked back elsewhere. We have put together 5 tips for you to secure finance with bad credit.

How to Do a Personal Financial Checkup Correctly

Performing a periodic financial check is a good thing to do from time to time. It is easy to take things for granted when everything seems to be going well, but it’s those little financial emergencies that tend to cause difficulties. The time that the car breaks down and needs a new transmission or a sudden illness can create havoc with the best financial plan , unless there is a way to plan ahead for it. The very first step is to take stock of what you are spending each month for your needs. Sit down with a pencil and paper, or better yet put all of your information on a spreadsheet on your computer, as it adds and subtracts for you automatically. Find out what the total of your monthly outgo is, then compare it to your total income. This will give you a snapshot of where you are from the basis of your cash flow.

How to Calculate the Refunded Amount of PPI – Reclamation of Your Money

PPI is the short form of Payment Protection Insurance. You can apply for PPI loans when you are running short of funds in your bank accounts and even the current assets are undervalued for your debt. The PPI is given along with the loan you take. However, you can reclaim your money any time, if you feel that the PPI claim was overvalued and you were sold without your knowledge. You can get back all the money you have paid for PPI.

Be a Premier Performer at Tackling Debt

With unemployment rates just starting to come down from a record high, many people are still struggling to find their financial footing. People who lost their jobs or were unable to secure jobs during the recession, or already had existing debt that only increased over time, or are new graduates who have student loans to pay back, are just a few of the many reasons why many are faced with massive debt. Trying to reduce personal debt is challenging in the best of times - and in the current economy and uncertain financial future, many are floundering in debt without a way out. But even those who are deep in debt can find a way to resolve their issues, that isn’t dependent on the economy improving or winning the lottery.

4 Additional Costs to Budget for when Buying a House

Buying a house is fraught with emotions, last minute panics and finally, the grand pay off. The house, the home, the next chapter in your life. Although, before you cross the threshold, put down the pen, step back from the dotted line and triple check your budget can stand up to these five unexpected expenses on the home ownership trail. Association Fees Buying a home or property is a foot-in-door to an exclusive association developed specifically for new and existing land owners (houses, properties, blocks of land – you’re all included), delivering support and a veritable repository of information, including rights charters and advice for landlords regarding tenants, maintenance and miscellaneous advice on things like strata fees, where applicable. Though Australian association membership is not mandatory and the charges are comparatively meagre when held up against the US and UK, the yearly cost is an unexpected hundred dollars or so down and out, prices varying from state to

Claim against Mis-sold PPI, Affecting your Financial Situation

PPI is an insurance policy designed to cover the monthly repayments on mortgages, loan or any financial products. A number of claims have been filed for the mis-sold PPI, which is a constant issue for the past few years. Banks and other lenders assure you for paying back all the payments made towards the policy, but the question is how you will know that you have been mis-sold a PPI policy. It is always recommended that you research before applying for the best PPI plan. Also, some of the people were sold this policy without giving any information and others were unknowingly paying for it, even when they could not use the insurance in anyway.

How to Handle a Cash Crisis When You're Down and Out

It never feels good to log into your online banking and see that there's far less in your account than you need. What's even worse is when you've been struggling with your finances for awhile, only to suddenly have them go even further in the wrong direction. Since the weak economy of the last five years has left countless people crunched for cash, we're going to look at several proven ways to get the money you need in the event of an emergency, as well as how to start improving your financial standing once your crisis is under control:

Ways to Make Extra Money

For many people money is always an issue. Either you do not have enough of it or you spend too much of it in one place. It is a pretty serious thing since it affects almost every part of our life. Without money you can’t really do much. If you are one of the many people who find themselves with too little money make sure you check your budget first. Maybe you are in debt and want to tackle those credit cards hard. In either case this blog will help give some insight on what you can do to make a bit of extra cash. 2nd Job Believe it or not a big part of making money on the side is WORKING. If you are already working full time and have a decent job but need a little extra to tackle debt get a 2nd part time job delivering pizzas. Just do what you have to do to make that extra money.

Involve in the Process of Fixing the Debt for a Better Future

Ask yourself if you want positive changes in your life before you choose not to do anything about the “Fix the Debt” campaign because it will help you realize more things than you can read in any article. There are many questions that you want to know the answers to, and there is only one way to find them out. By helping the movements and organizations that are existing only for one goal, which is returning the debt and securing a better future for the generations to come. Someone has to struggle to make the necessary changes because many lives will be destroyed if there isn’t any kind of plan of returning the debt of this nation.

Smart Ways to Divide Your Income Every Week

Getting on top of your finances requires hard work and dedication, yet it is definitely achievable if you know where to begin.  Getting started is often the hardest part, and this comes down to setting yourself good financial goals and prioritising your budget. To help you establish a solid financial foundation, here are some tips on the smartest ways to divide your income every week.

Finding the Lowest Credit Card Rating

Whether you are the merchant account holder that is the entrepreneur or the buyer or the consumer, low rates in credit card transaction is always the first criterion for all. The fact of paying high interest rates over the money spent through credit card indeed is not a good feeling at all. But it is us who are to be blamed for the entire thing. What is the highest limit of money that can be debited in one go? That is what we all want to know and avail when we go for credit card options. But with more money being spent the amount of the interest is going to soar high. Hence our first intention is to go for the low credit card rates and the ways to finding the best low rates are given and discussed below.

Understand the Importance Filing PPI Claims

In order to claim your PPI with less hassle, you can always take the help of a Financial Ombudsman Service (FOS). For any individual it becomes quite important to adopt the right and easy process to claim the money back. FOS is an independent body which is formed and governed by the government. The main purpose of setting up of this body was to resolve any sort of grievances between the complainant and financial organizations.

Negotiate Better Interest Rates

It seems like almost everyone these days has debt somewhere. Whether it's an overdraft or credit card, chances are they you're paying too much interest on it. Switching debt around can be a lot of hassle and can affect your credit rating, but the good news is that you can often save money without even switching who you owe money to. Most people with credit card debt who want to save money go for balance transfer deals. These can often offer over two years of interest free credit with just a fee of between 2% and 3%. Balance transfers aren't available to everyone however - applying for them is reliant on you having a good credit score. Even if you can do a balance transfer you might not want to, as applying for cards to do it could affect your credit rating. If you're looking to take out other credit such as a mortgage it's best to keep your credit score as high as possible. Thankfully there's other ways to reduce out interest.

Start Small: End up Big or How to Save Money with a Little Effort

You can be surprised but a lot of people in this world have no idea of how to manage their own money the way to have a little extra cash to save. And those, who do, are usually known as businessmen and company directors. There are some secrets of making money work on you. Most of people are aware about saving tips, but often forget to follow them. However there’s nothing hard or impossible and it’s up to you to make the right decision. Let’s learn these basic rules to be sure that we are able to save with a little effort.