We all know the main advantage, or point, of borrowing; to address an issue you otherwise can’t afford right now. Yet this is only the tip of the iceberg when it comes to what borrowing can actually achieve.
As a cash advance
Some credit cards, such as the Classic credit card from aquacard, don’t charge interest if you pay off your balance on time. Not only does this encourage and reward responsible borrowing, it also ensures that you aren’t being charged extra money for your purchases.
A classic credit card can be a vital lifeline for anyone’s financial situation and can prove beneficial at resolving immediate financial issues. Any costs that you know you can accommodate in next month’s budget can be paid for with the credit card which essentially takes care of the immediate cost and allows you to repay the fee at a more convenient time.
Avoiding greater costs
It’s not uncommon for late payment fees to spiral out of control with some credit agreements and that’s why something like a credit card is a great option. Borrowing limits are usually much lower than a personal loan and the repayments are easier to manage as the minimum limit you are required to pay is usually very low. Borrowing will be capped once you reach your limit too, meaning you won’t be tempted to spend more than you can afford to repay.
Breathing space
Finally, don’t forget that the simple option of having a credit card provides a small amount of breathing space should you ever need the money. As already mentioned, credit cards don’t add interest if you pay off the balance, or the minimum repayment, within the specific time frame. This makes them often a better option than other forms of borrowing, making the credit card a handy lifeline for the right situations.
Regardless of your job or level of income, there are always going to be times when you could do with access to a little more money and a credit card could be just what you need in these situations. With different types available for different situations, whether you’ve got a family to support or have a history of bad credit, you’re sure to find a credit card that is perfect for you.
The following was submitted by a guest contributor
For obvious reasons, nobody wants to lose their money under any circumstances. But if the recent economic carnage (remember Bear Stearns?) and the ongoing turmoil in the Eurozone is anything to go by, the prospect of waking up to find that your bank has collapsed isn’t out of the realm of possibility. You should concern yourself with protecting your savings and maximizing the growth of these funds. There are various options that can result in gains each and every year and, fortunately, anyone can take advantage of these solutions no matter how much money they hold in their name. And while it may be tempting to just lodge your savings under the mattress at home, this is the last thing you should do because that money will not grow at all! So if you want to diversify where you invest to protect your interests, check out these options.
(Relatively) Safe Places for Your Money
Here are some of the safest places to keep money from We Know Money:
High-Yield, Low-Fee Savings Accounts
Unfortunately, most financial institutions keep their interest rates low and their fees high for savings accounts. The average bank hands out interest rates below one percent. This story is completely different for fees and penalties though. In fact, you could pay $35 for overdrawing their account a single time. Luckily, various financial institutions still offer accounts with high yields and low or non-existent fees. For peace of mind, just make sure that all of the funds in an account are insured by the FDIC up to a certain amount too.
Dividends and Investments
Investing in stocks and other holds does come with an inherent degree of risk. Still, a cautious and savvy investor can easily turn a profit from the markets. Dividends are payments made on a quarterly or annual basis by companies to their shareholders. Some investors receive thousands of dollars in these payments each year. Of course, the amount earned depends upon the company’s dividend and how many shares you own. The key to success is to build up a portfolio over time and choose stocks that will keep their dividends for the years to come.
High-Yield Certificates of Deposit
Certificates of Deposit (CDs) work like savings accounts, but the owner locks themselves into a certain investment period. Of course, this can range from three months to ten years based upon a person’s preference. The money cannot be touched by the owner during this time, but it earns a specific interest rate during that period. A higher initial deposit usually results in a higher interest rate. By the end of the term, an individual will receive the original balance and all earned interest. Plus, these accounts are insured by the FDIC.
Safety Deposit Box
Sadly, this option does not come with an interest rate or any real way to profit from the funds. Not everyone wants to profit from their savings though. Many simply want to set aside some money they know is secure and protected. In most cases, a bank is likely to feature safety deposit boxes that account owners can rent for an extended period of time. With this option, a person can stick their money in one of these boxes and know that it is protected in a safe at that bank. The safety deposit box costs money but offers definite protection.
Conclusion
In the end, there are plenty of great options for keeping your money safe and protected. Most of the previously mentioned solutions allow you to earn a return on savings too. Some of them are even insured by the FDIC, which means you technically cannot lose their money. Without a doubt, a saver needs to take advantage of the options that suit their needs best. Each and every situation is different, so one solution may not always work for another individual. It is always recommended that a person chooses an option that fits their needs best.
When it comes to creating a niche website there are a few things you must have: proper keyword research, a highly functional website, and an understanding of your niche. Without these three things you are going to be in one of three situations: you’ll have a site that has a lot of great information but no visitors, you’ll have a site with a lot of visitors but low-quality information, or you will have a site that has visitors and great information but is just too hard to navigate. In any of those cases you’re going to be missing out on a lot of income, so here are a few things to consider when creating your niche website:
Always Do Proper Keyword Research
This is so critical but often overlooked. No matter what niche you go into, you must target specific keywords that people are actually searching. If you have a website that deals with information on dog food then you want to know the keywords people are actually searching. Instead of focusing on the keyword “food for dogs” that only has a few hundred searches per month, targeting the keyword “dry dog food” will increase your potential searches into the tens of thousands.
Make Sure the Site Is Functional
After you have done your keyword research and you are driving traffic to your site, you have to make sure once they arrive that they are going to be able to get the information they are looking for. Take the finance niche, for example – if someone is searching for an online loan and they end up on the site https://Wongaforbusiness.com they are instantly going to be able to get information on what they need. The unique slider right on the home page tells them how much they can get and how much interest they will have to pay depending on the amount borrowed and time it takes to repay.
Make Sure You Know The Niche
If you are unfamiliar with the niche you go into, it’s going to be hard to create the content necessary to develop a useful site. Often times when doing keyword research people will get caught up in the keywords that have tons of search or pay a lot for advertising clicks. If you don’t have the ability to create hundreds of articles for your website, or can’t afford to have it done for you, you probably shouldn’t go into that niche.
