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Finance

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Auto Interest Rates​ Even with an increasing amount of Americans opting to use public transportation and rideshare options such as Uber, the need to own your own vehicle still remains prominent. Statistics show that 91% of US households own at least one car, with the majority of citizens requiring a car to get to and from work. Statistics also show that nearly 85% of those who buy a new vehicle finance it through either a loan or a lease. When acquiring a loan, most become subject to high interest rates and unnecessary fees. Why? The vast majority of car buyers choose the convenience of financing through the dealership, which have a markup of 2.5% on average. So, where can you go to find the top car loan interest rates? Choosing a Separate Lender Aside from the average markup, dealerships tack on additional fees that you will also end up paying…

Getting Loans For Startup The main difference between a business idea and its actualization is the amount of money invested. The amount of capital will play a major role in determining the scope of the business where most big businesses require lots of cash as capital. There are many ways of sourcing for capital such as the following; using your own personal savings or franchise to finance the business, fundraising from your neighbors, friends, family and other well-wishers or borrowing in the form of loans. The first two options cannot be enough especially when you’ll need continuous financial support or a large sum of money. If you choose to go with the last option, here is what you need to know about getting loans for your startups. Consider the amount of collateral involved For every loan you borrow, the lender always asks for some collateral to ensure that you pay…

Divorce Planning Many people focus on emotions and support when they are looking to divorce. How will they get through it? Who will their friends support? What happens to children and the assets? There are so many things that people think about and yet the one thing they forget to consider is the financial impact of an impending divorce. Here are six things for you to consider as you decide on this major life change: Moving Expenses Over 20 states require a separation period before you can begin divorce proceedings. Often this leads to moving into a new residence. This can mean purchasing a home or renting an apartment, which translates into a new mortgage or rent and deposit. But it doesn’t stop there, here are more expenses to consider: Movers or moving van rental Deposits for setting up electric and water Paying for your own cable (or dish) and…

Guide to Foreign Exchange Does your small business have internet commitments such as investing overseas, managing imports and exports, or running a foreign payroll? You will need to navigate the murky waters of foreign currency market. In this guide to foreign exchange, you will learn what foreign exchange is and how your business can save money when dealing with international money transfers. Foreign currency exchange: what is it? Forex – foreign exchange – is the process of changing one currency to another. The currencies being exchanged are known as a currency pair and the exchange rate is the value of the second one in relation to the first. For instance, if you have Pounds but want Euros, you are interested in the Pound/Euro currency pair. A currency pair is usually presented in coded form, with the codes being three letters that represent the currency itself as well as the country…

Stock Market Future in 2017 The stock market is particularly sensitive to changes in the political climate, and 2016 has been a particularly volatile year. With the upheavals of the EU referendum in Britain, and the shock result of the US election in November (not to mention elections brewing across Europe in countries such as France and Germany), investors have been anxiously watching the stock markets. As the new year gets underway, here is a handy guide to how politics is currently affecting the stock market future. The Trump presidency Analysts at Forbes.com have countered popular claims that the first 100 days of Trump’s presidency will cause global markets to drop by a whopping 10%. One key marker of this will be, researchers have suggested, a significant fall in the Dow Jones. On the contrary, Forbes’ opinion piece suggests, it could be argued that Trump’s desire to stimulate trade by…

Key Life Milestones Despite soaring house prices and sluggish wage growth, young people are confident they will hit key life milestones six months earlier than their parents’ generation, according to research from free credit score checking service ClearScore. The research shows a shift in financial attitudes between generations. For example, 50% of young people use some form of loan to fund their wedding, with one in five putting the big day on a credit card. By contrast, just 18% of baby boomers paid for their wedding with a loan. People in their twenties confidently use credit to fund other important milestones too: 42% use credit to help cover the costs associated with their first child; 49% do so to move out of their parents’ home and 43% of first solo holidays are paid for with credit. Their parents had a very different experience with just 13% using credit when they…

Credit Card Tricks for Shopping With the holiday season upon us, the time has come to gather our available funds and venture forth to find the gifts that we need for our family and friends. It’s a great time to use some credit card tricks, especially if you plan on wracking up the rewards points. Remember that not every shopping experience or store policy is created equal, and you deserve to spend your money as efficiently as possible. Let’s look at some of the top tips for shopping with credit cards. Nix the store warranty. With very few exceptions, you will be better off with the manufacturer warranty as well as the one that is probably offered by your credit card. Look for Signup Bonuses! If you are up for a new card, you might be able to partake in the signup bonuses or limited time offers that your credit…