Author: Roisin De. Buitlear

Want To Live In A City? Be Prepared To Pay

Cost of living is highly dependent on where your home is located. However, this can be more specific than on a state-by-state basis.

According to U.S. News and World Report, households who live in cities often have more expensive everyday expenses compared to those in the suburbs.

The most expensive cities in the United States are New York City and Brooklyn, SmartPlanet reports. These are followed closely by Honolulu, San Francisco and San Jose, California.

While many people might know that housing costs, including rent and mortgage payments, are often higher in cities, there are a number of other expenses that can also add serious pressure to any budget.

Entertainment Can Be Costly
In a city, the convenience of walking out your front door and having access to a number of restaurants, movie theaters and concert venues might be appealing, but this comes at a cost. Although some smaller theaters may be free of charge or only require a donation, the majority will require a sometimes pricey ticket.

Additionally, because you have access to so so much entertainment, you may be tempted to treat yourself more often. While buying a ticket to a show or going to a restaurant may be affordable if done from time to time, this constant expense could force you to budget for a payday loan to cover your monthly expenses or an unexpected bill.

Pinching Pennies To Buy Clothes
Clothing is often more expensive in major metropolitan areas. Not only are prices higher, but residents often feel inclined to stay stylish to keep up with urban trends.

City dwellers are often more prone to walking as well, which can cause serious wear and tear on their shoes. As a result, some may find themselves purchasing much more often than if they lived in the suburbs.

To help curb this expense, people living in cities should consider buying their clothes online, and try to only shop on sites that offer free shipping. This could drastically reduce their clothing expenses and help save money.

City Dwellers Pay More For Childcare
While this expense only applies to households with young children, families living in cities often have to pay much more for childcare than those living in other areas. Nowadays, this is one of the biggest expenses many families have to deal with.

Meanwhile, households that want to send their children to private school rather than a public institution in an urban environment often pay much more than families in the suburbs. Property size aside, this is one of the biggest reasons many households relocate outside of cities once their numbers start to grow.

You Need To East, But Budget Carefully
The cost of food from grocery stores is often much more expensive in cities. Some people may not live very close to a supermarkets, so they may be forced to do much of their shopping at corner stores and bodegas, where prices can be even higher.

Additionally, when a person walks down a city block and pass a number of cafes, restaurants and food carts, the temptation to stop for a quick bite to eat or a cup of coffee can be overwhelming.

Instead, city dwellers should try to purchase food in bulk whenever they can. Although storage may be limited in their homes, clearing out some extra closet space could be a good idea.…

How To Pay Your Student Debt Faster

Student loan debt has become a major problem in the United States in recent years. Many college graduates leave school with more than $20,000 in debt. In some cases, this leads them to dip into their emergency funds to help make payments. It can also prevent them from creating one altogether. Paying off this debt faster than normal is a good way to keep the amount of interest accrued down.

Make Payments While In School
Although it may not be possible for everyone, making payments while in school can help you pay down your debt faster, according to Wise Bread. Even though you aren’t required to make payments, interest is still accrued. Making payments while still studying can help reduce the amount of interest that you take on. However, there may be prepayment penalties on some of your loans. It is important to check with your lender to make sure you won’t be charged any fees.

Consolidate Your Loans
Another way to help pay your student debt faster is to consolidate your loans. This lumps all your loans into one so making your monthly payments is much more convenient. This may be smart if your credit has improved from the time your first took out your loans. If it has, you may qualify for a better interest rate, which would lower your payment.

However, it is advised against consolidating federal and private loans. Doing so could lead to the loss of some of the benefits federal loans provide near me, such as income-based repayment.

Enroll In Auto-Debit
Having your payment automatically deducted from your bank account may be beneficial. This ensures that you make the payment each month. Some lenders may also offer a small discount each month if you choose auto-debit.

Make Bi-Weekly Payments
If possible, making bi-weekly payments instead of monthly ones can help pay debt faster, according to Investopedia. This method is often used for mortgages. It can potentially help reduce your repayment period by a number of years. Instead of making 12 payments a year, you’d be making 26. This allows less time for interest to accrue. With less interest, the overall cost of your loans will be less. However, if you receive a discount for monthly automatic debit you may not want to make bi-weekly payments.…

Gas Prices Continue To Drop In Early February

After gas prices skyrocketed in summer, they have been on the downswing in the past couple months.

According to AAA’s Fuel Gauge Report, the national average prices for a gallon of unleaded gas on February 3 was $3.44. This was a 3 cent decline from the previous week and 36 cents cheaper than a month ago. Gas prices have been coming back down, but they have been at record highs for each calendar day for about three months. A month ago, the national average broke the all-time high by 30 cents.

Since its peak on January 14, the national average has fallen 43 cents as a result of lower crude oil prices, reduced demand and economic growth concerns. All 50 states had a price lower on February 3 than in mid-January, but nine states, including New Jersey and New York, have seen prices increase in the past week. For these two states, the price bump could have been a direct result of Hurricane Sandy.

The state with the highest decline since the January 14 peak was Minnesota, with a national average of $3.27, which is 69 cents lower than two months ago. Missouri, Illinois, Kansas and Oklahoma all had decreases of 60 cents or greater as well.

Save On Fuel
Despite falling gas prices, many American families are struggling to make ends meet. In some instances, they have been forced to dip into their emergency funds to cover some of their expenses. In order to prevent this, people should look for ways to save on gas.

1. Drive The Speed Limit – Although you may feel like you are getting somewhere faster by driving over the speed limit, you could be costing yourself gas mileage. Bo Saulsbury, researcher at the Department of Energy’s National Transportation Research Center, told Forbes that gas mileage decreases when you drive faster than 55 miles per hour. Each five mph you drive over 55, it is like you are paying an extra quarter for a gallon of gas, he added.

2. Limit The Weight In Your Car – Brian West, NTRC researcher, told the news source that having extra weight in your car lowers your gas mileage. Having an extra 100 pounds can reduce fuel economy by up to 2 percent. By removing extra items from your trunk and other areas of your car, you could save yourself some money on gas.…

Capping Interest Rates On High Risk Loans

As lawmakers, all around the country are working to help consumers as much as possible one of the biggest practices coming under fire is the use of online payday loans to help consumers. The biggest problem that consumers tend to face with the payday lenders is the fact that most consumers are looking at paying as much as 600% interest on a loan. New legislation that is being considered in several places around the country aims to cap the interest rates that is being charged to help protect consumers. However, what will truly happen if the interest rates are capped? Most of the lawmakers are looking at capping interest rates in the area of 36% percent or so. However compared to as much as 600% this is an enormous difference that could easily cause problems for the payday lenders who are forced to make ends meet as well. The real question is how exactly this is going to effect the profits as well as the future for the payday loan companies.

As thousands of consumers, each year turn to the high risk loan industry to help them make ends meet threatening the existence of the payday loan companies could essentially threaten the existence of many consumers as well. However ensuring that consumers are protected as well is also very important. In a world where budgets are stretched thinner than ever before it is critical to ensure that your bills are all paid and jeopardizing the mere existence of many consumers is not the best choice typically.

It is very important to ensure that consumers are all adequately protected from the predatory lenders; however, it is also extremely important that consumers have a method available to them that would allow them to be able to secure a payday loan in the event that they have an emergency need for cash. For example, consumers with bad credit have very few options that are available to them when they are trying to find a bit of additional money. For example, most pay day lenders typically have only an option of payday advance loans or even perhaps a title loan.

Not all consumers are comfortable with a title loan though and the number of consumers who are seeking out $1500 loan that are only temporary is growing greatly. This means that it is a great help to consumers having the ability to quickly grab some cash to cover unexpected expenses. However, with the high risk loan companies all coming under fire recently the options for consumers is steadily decreasing. As the options decrease, it is still important to ensure that consumers have access to the money that they need legally.

While it is obviously preferable that consumers have adequate savings that will accommodate problems that appear financially it is not always possible to happen. There are times when just about everyone needs help with their finances to ensure that all of their bills are paid, using a high risk loan responsibly can ensure that you have all of your bills paid when you need the money. Closing the predatory lenders by severely restricting the amount of interest that is charged can help to reduce the payments that are charged, however how the payday lenders will manage to survive in the face of greatly reduced interest payments is yet to be seen.…

Exploring Payday Loan Alternatives

dollar cashAnyone who breaths at some point will find that they do not have enough cash in their bank account to cover their bills. This problem occurs to practically everyone and has to be handled promptly to ensure that the problem does not turn into a complete financial disaster. For most consumers the process of getting bills is quite easy, but actually getting the money to pay these bills is not as easy. There are several alternatives to payday loans though, but determining which is actually best for your situation is not always easy. For those who actually have a great job you could consider asking your boss for either a raise, or a cash advance from your employer. This is often embarrassing in the event that you ask for an advance on your pay, but for those asking for a raise it can be very dangerous. With the shaky economy, there are hundreds of businesses cutting jobs left and right. Do you really want to bring attention to your job and your performance? Most people are quite content to fly under the radar, rather than bringing that type of attention to them.

Your other option would be looking around to see if there is a large collection of change piled up around your home. This sometimes happens, after all change always seems to fall into the cushions of the couch. For most people though, there will not be enough change in the cushions to really solve any financial problems that you might be having. While it could be a good idea to still dig in the cushions to determine how much money you can locate, the total amount that you are likely to find is generally less than $2, which can leave you far from your goal.

Other ideas that you could explore include looking for a cup or jar and going down to a street corner to panhandle. This has the problem of being quite embarrassing when someone you know walks by, plus in many areas, it is against the law and could help you to get even further into debt. As you can imagine, the problems from panhandling typically far outweigh any benefits that you might find. There are some people who do manage to find a substantial amount of money in panhandling but for most, the money is quite small and the risk is quite large.

The vast majority of consumers will find that a payday loan is a much better solution for their short-term financial needs. While digging in the couch for change, and also looking to panhandling can all provide some small amounts of change it will typically create a very small financial benefit that you absolutely cannot handle successfully. Getting a payday loan is one of the quickest and fastest ways to discretely get the money that you need to cover unexpected expenses. With reasonable rates, and the ability to maintain your privacy you will find that a payday loan is perfect solution regardless of the reason why you need additional money. This can help you to put your finances back on target quickly, rather than continue digging in the couch cushions for change.…

Terminology of a Payday Loan

When you are applying for a payday loan, it is extremely important that you know and also understand all of the different terminology that is involved with a loan. If you are unsure of the different terminology, you could quickly find yourself in over your head and facing some extreme problems. However, it is also advised that you look up any phrases that you do not know to ensure that you make the correct decision and also ensure that you are fully aware of what your rights as well as responsibilities really are.

Borrower – During the payday loan application process this is yourself, you are considered the borrower. However, unlike a traditional loan that can have numerous borrowers, a payday loan only has a single borrower. While traditional loans can have a borrower and a co-borrower a payday loan involving only a single borrower makes just the person applying for the loan responsible for the obligation.

Lender – This is the company that you are working with for the payday loan. This could be either a company in your local area or it could be a company that is located on the internet. Regardless of where the lender is located, there will typically be only a single lender for the loan.
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Interest Rate – This is also called the APR or Annual Percentage Rate. This is the amount that you are charged for the loan. The longer the loan is out the more you will pay in interest.

Principal – This is the actual amount of money that is borrowed. This will not include any interest charges, or service charges. The principal amount is the actual amount of money that you personally receive as funds from the loan.

Rollover – This is a term that is used to describe renewing the loan. If you are interested in simply paying the interest not actually paying the entire loan off when it is due then you are rolling over the loan.

As you can see there are several key terms that are very important to not only know, but also to understand. Because of the confusion and at times complicating manner that can surround payday loans it is extremely important to fully understand what you are doing in order to actually make wise financial decisions. If you are ever working with a payday lender that is using terms that you do not understand it is very important that you speak to them to find out exactly what they are saying.

If you are ever unsure what you are getting yourself into then it is absolutely critical to do the necessary research. Understanding a payday loan and all of the terminology will make it much easier for you to always ensure that you are proceeding along the correct financial path. Typically speaking if you are ever completely confused about what is going on you should answer all of your questions fully before finishing the loan. It is never a wise idea to obtain a payday loan if you are confused about any of the terms that are being used. This could find you quickly facing an extreme problem that is not easy to solve.…

No Teletrack Payday Loans

No Teletrack Payday LoansMost people at some time in their life make some mistakes that they really are not very proud of. Not only can these mistakes have huge financial implications but they can actually make life a bit difficult in general as you try to focus on getting properly on track, rather than just ignoring all of the bills that are piling up. Making an effort to clean up your past is always great, but there are times when it is not possible to clean up all of your mistakes before moving on. Payday loans can be just such a problem, if you default on a loan often you are reported to a company called teletrack. Being reported to teletrack is much like being informed that you have bad credit, to the payday loan companies you are considered a risk and many will not loan money to you with this reporting. In order to remove your listing you would need to find out the name of the lender that reported you, and pay the debt that you owe, or provide proof that the debt was already previously paid. This is simply not something that is possible if you are desperately needing a payday loan.

A no teletrack payday loan is provided by some lenders and it completely bypasses the process of a teletrack check, which can allow borrowers to obtain a payday loan even if they do have transactions that were previously reported to teletrack that are still showing up. Trying to get a payday loan if you have a listing in the teletrack database can be a huge problem, getting a loan from a lender that does not check teletrack is typically much easier; however you may need to pay higher rates in order to get the loan. Once you find a loan that you are able to be approved for you will typically find that the process is quite quick. You can always sort out the potential lenders that use teletrack with those that do not simply by asking a quick question. If you do not ask the lender you will likely not know the answer, however if you take the time to inquire it can help you to avoid wasting time on lenders that are not suitable for your needs.

By using a No teletrack Payday Loans not only does your previous experience with payday loans not matter, but you are also able to reduce the amount of time that you are spending continuously being turned down for a loan that will actually fit your needs. Defaulting on a payday loan in the past does not mean that you should always be punished for the rest of your life, however cleaning up the previously defaulted payday loan is not always possible when you are strapped for cash which makes finding a no teletrack loan the best option. Fast approval of payday loans is almost always possible, but getting a loan that does not require teletrack at all will always go much faster since the required documentation is quite a bit lower than even typical loans.…

Tips To Pay Off Your Payday Loan

Getting your finances back on track successfully means that you need to devote a bit of time to finding additional money in your budget to pay your Payday Advance back. While some budgets have more flexibility and money available to use to repay the debts, there are others who need to think extremely creatively in order to get the money they need to repay the debt. Ensuring that the loan is paid off quickly will allow you to get back on track financially, without paying out more money than necessary.

Tips To Pay Off Your Payday LoanYour first step should be looking at your budget to find money hiding. This means looking at your bills very closely. Do you pay for cable channels that are not needed, do you have the ability to start turning off additional lights to save some money or could you scale back your cell phone plan? All of these ideas can save some substantial money and make it much easier to pull the money together that you need to pay off the payday loan. Anything that you can cut will also provide benefits for your budget even after the payday loan is paid off since you can put the money right into the bank.

A second step is looking to see if you can pull money from a savings account. Even if the money is earmarked for extreme emergencies it is critical that you take your time to see if the money exists in these accounts. While this might cut back on your retirement or savings it is often much cheaper to lose the money from interest and instead pay off the costly payday loans. Just be certain that you are not imposed any expensive penalties that are more expensive than the payday loan fees.

Other options can include asking to borrow money from a family member. This would allow you to get the payday loan paid off much quicker, which in turn could allow you to quickly and easily move on with your life. This is not something that everyone is comfortable with because of the stresses to relationships that money can cause, but it is an option that is available to many consumers. You should have an honest talk with yourself to decide if this is something that you are truly willing to accept.

A final option that you have is contact the payday loan company directly and inquire about a payment plan. Many lenders have this option available, and many states also require that this be available to consumers as an option. Talking to your lender will allow you to determine if this is an option for you, and if so if it is something that you can afford. Many times with Payday Advances the lender will stop charging interest once you engage in a payment plan, which requires you to only pay a single set of fees for the loan. This is not always a guarantee, but it is an option that should always be considered.…