Bio Cypria Your News Point! Wed, 19 Sep 2018 09:26:23 +0000 en-US hourly 1 5 Reasons to Choose Foreclosure Homes For Investments Sat, 14 Jul 2018 04:22:47 +0000 There are plenty of opportunities for people to invest, even when economic times can be hard. Those who have money during rough economic periods have the most to gain, as they can find investments for prices that are lower than they would be in any other economic climate.

Foreclosed homes are one of the best investments that many can make. Beautiful, expensive homes can be found in amazing neighborhoods for incredibly low prices. While the housing market may not boom for a few years, those who have invested in these homes will be able to sell for an incredible gain the minute that they do.

If you are looking for an investment to make, you should choose foreclosure homes for investments. While there are multiple reasons to do so, these 5 reasons show the obvious benefits of foreclosed homes for investors.

Low Cost

If you are looking to invest in something, you want to know that you are going to get a large return on that investment. You can be sure that you will eventually see high financial returns when you purchase a foreclosed home. You are purchasing a home for less than the perceived value of the home. If and when home prices rise again, you will see the full benefits of your investment because of the low cost of the foreclosed home.

Simple Sales

If you are looking to make your investments simple and easy, you will benefit from a foreclosed home. You may choose to file for your loan through the bank that is offering the foreclosed home. This helps to streamline your purchasing process, making your overall investment a smooth and simple transaction.

Renovation Possibilities

If you are thinking about a foreclosed home as an investment tool, you are going to want to think about improvements. The benefits of the low-cost of the foreclosure can help you to save money for renovations.

Buyers Market

If you are in a buyerÕs market, you are in luck. When the market is a ÒbuyerÕs marketÓ, it means that the buyers have all of the leverage in terms of bargaining power and competition. Homes are offered at lower prices, and are sold at lower prices, because of the lack of people actually purchasing homes in the current market. The lower the demand, the lower the cost.

Rental Possibilities

Investors are looking rental opportunities square in the eye when they look into foreclosed homes. Rental properties are perfect in a down market, as individuals are more likely to rent a property than buy a property. You can easily see revenue when you purchase a home and rent it out to other individuals.

Rough economic settings are not favorable or enjoyable, but should still be exploited for their investment possibilities. If you have set yourself up financially to invest during a time of economic decline, you should choose foreclosure homes for investments. While you may not see a return on your investment for a few years, you can know that you will eventually see a positive return.

5 Ways To Save Money Sat, 14 Jul 2018 04:17:29 +0000 In this world of tight budgets and economic uncertainty, the need to find ways to help save money has people scrounging for how to save money tips. It is tempting to find one or two things that will save a household a lot of money, but the best way to do it is by altering several small things. In those areas you might only save a few pennies here and there, but you will find that it is the little things that can add up to a lot. Many of these ways might not be very obvious to you and some might be ideas that will have you scratching your head and asking why you hadn’t thought of this earlier. Here are five ideas that fit into that mold.

1- Stop shopping at convenience stores

Convenience stores are notorious for marking up the price on items significantly compared to grocery stores. If it isn’t worth the hassle to go to a grocery store, you probably don’t need it anyway.

2- Avoid late fees when paying bills

Pay your bills on time so that you aren’t charged that extra unnecessary amount. If the problem is a lack of organization and forgetting the dates, use a reminder service like Google’s calendar feature that can send you a text or email to let you know when due dates are approaching. If you are worried about not having enough funds, call ahead and see about changing the due date or getting an extension.

3- Save your change

Make it a habit to keep all that pocket change in a jar. Use cash to pay for most things and instead of trying to give the right change, only use the bills. When you get home, drop that coinage in a jar and let it accumulate. You will be surprised at how quickly it adds up.

4- Carpool as much as possible

You can be doing yourself and others a lot of good when you decide to travel together. It might not be as convenient, but it can help in the long run. Carpooling to work or taking the kids to school are obvious ones to do. You can also get to know your neighbor and coordinate shopping trips.

5- Buy Used or Discounted

You can find a decent collection of clothes and other needs if you will buy used or at discount stores. Shopping at consignment shops or Goodwill will provide you with some good options. Discount stores like TJ Maxx or Marshalls are good places to find good designer clothes for a cheap price. Yard sales are good places to look for things that you need for the home. Discount food stores will give you the most value on food products. The names of the brands may not be familiar, but you won’t notice much of a difference in taste or quality.

You can find many more ways to save money, but the keys are to get organized, be disciplined, and learn to sacrifice. There won’t be many how to save money tips that will save you much money on their own, but using several together will net you the results that you want.

How to Save Money Every Month Sat, 14 Jul 2018 04:12:24 +0000 If you are like most people, you are faced with the challenge of finding how to save money every month. In many cases it is more something you have to do rather than want to do. It is never a pleasant challenge to take on because it requires you changing habits, becoming more disciplined, and making sacrifices. If you can find a way to make little adjustments to several areas, then you might not feel that it is all that hard a challenge. Here are some suggestions that may help you find a way to meet your budget goals and save money every month.

When grocery shopping try to load up on those staples when you see that they are on sale. Look for coupons, discount brands, scratch and dent items, or anything that might have a reduced price on it. The quality will be good enough for your household.

Conserve energy when you can. Not only is it environmentally responsible, it is fiscally responsible. Powering down or unplugging items that aren’t in use will always help lower your energy bill. Use less water by using high efficiency shower heads and water aerators on your faucets. Dress warmly and use more blankets in the winter so you can use less heat. In the mild seasons open your windows. In the summer, keep your blinds shut during the day to keep heat out.

Cut back on entertainment expenses. Try seeing movies at matinee times, making sure you eat before you go so you don’t overpay for snacks during the movie. Better than that, wait until the movie is released to a second run movie theater or it is released on video. Try to find ways to entertain yourself without spending money.

Try to carpool, use public transportation, or ride a bike. Try to find ways out of the driver seat of your car and you will find ways to save you some money.

Eat at home more. It is tempting to run out to a fast food restaurant or a dine in place instead of taking the time to cook a meal. This adds up quickly. While a meal at a sit down restaurant may cost about $15-20 a person, you can treat a group of 2-5 people to a nice meal for that amount.

Stop smoking. If you don’t have that habit then you don’t have to worry. If you are one of the millions who spend $5-10 per day on something that is only making you sick then try to find something better to do with your money. Every day you are sacrificing your health and your budget so that you can fill your lungs with pollutants. There are better things that you can be doing. The long-term cost may be much more than that as you deal with health problems that are caused by your habit. Save money now and down the road by stopping smoking. Consider it your retirement plan.

There are many ways how to save money every month. Some of them might not seem attractive to you until you see the result that is a little more money in your account at the end of the month. Once you start seeing those results you may want to turn it into a challenge to see if you can do more. Keep pushing yourself to save more and see just how well you can do at saving money.

Buying Home First Time? Read this Once! Fri, 13 Jul 2018 07:45:33 +0000 Want a little property virgin, first time home buyer advice? I’ve bought several homes throughout my life. The first time was a small little starter home and I sure wish someone had given me a little advice. I ended up grossly overpaying (I bought it from someone I knew and thought they were giving me a great deal, I didn’t do my homework and paid more than I should have).

Buying a home, whether it’s your first or your tenth, takes time. You have to be willing to invest the time you need to make a smart decision. This process is called due diligence. It means that you and only you have to make sure that the deal is a good deal for you.

You can’t just sit back and trust that the bank will watch out for you. Many homeowners are in trouble today for doing just that. They thought that since they got approved for a certain loan amount that that was the amount they could afford.

They never stopped to consider that the bank only looks at the numbers of their financial situation. With them it’s all black and white. They don’t know that you need a lot of extra money every month because you like to travel, or buy new shoes. Only you know that. Make sure you take those factors into consideration before you buy.

Another thing you have to do is have an inspection on any property before you buy it. I would recommend finding a good inspector on your own and not relying solely on the recommendations of your realtor. I hate to make it sound like you can’t trust your realtor, but like with any other profession, some are better than others.

If they are hungry for the sale they might suggest someone who could ‘fudge’ some details of the inspection. It’s not likely but to be safe, find your own inspector.

If a problem is found during inspection consider it without emotion. Too many homeowners throw common sense out the window because they have an emotional attachment to a property. Instead allow your business mind to click on. Sometimes a small problem can be a great bargaining chip. You may be able to get them to come down on the price (even more than just the cost of the repair) or they may make other concessions.

Even if your bank doesn’t make you escrow for your property taxes and insurance, you should do it anyway. It’s better to make sure you have the money when you need it. One of the houses I owned I didn’t escrow and I thought for sure that I could save the money. Well, you guessed it, when the bills came due I didn’t have it. I had to really scramble to make those payments. Never again. No matter what the bank may say, I’m going to escrow.

I hope you take this first time home buyer advice to heart. The best advice in the world won’t do you any good if you ignore it. When you pick out your home listen to your heart but when it comes to the financials of that home, listen only to your head.

Family Budget Planner – Get Control Of Your Family Budget Fri, 13 Jul 2018 07:34:56 +0000 If you’re fed up with never being able to get ahead financially and you’re ready to take control of your money, making a family budget planner is the first step. It’s easy to want to avoid this step since it seems like it will be a convoluted pain in the neck. But the reality is that you can make your budget with three basic steps.

If you want to invest in some software to help you with this process you certainly can, but for most households they can do it themselves with some paper and a pencil.

Here are the basic steps you will need to follow to come up with your household family budget:

1. The first step, and the most important, is to gather up all of you debt, your loan payments and your monthly expenses. Don’t forget about the more obscure things either like money for the parking meter, or money for your kids school play costumes. Try to include every possible expense that you are likely to incur in a month.

Take into consideration bills, such as insurance, that may only be paid quarterly or annually. For these bills you can average them out over 3 or 12 months to figure out how much you should be putting away every month so you can pay them when they come due.

Also don’t forget to include money for groceries, gas, haircuts, clothes, etc. If you really want to make sure you don’t forget anything go back over several months of bank and credit card statements, that should give you an accurate idea of everything you spend your money on.

2. Make a list of all income sources. This includes, of course your, income but you also want to include all income from a spouse or a roommate, and if you’re getting rent from some source as well as all other income make sure to include it here. Also, make sure you include your after tax income. For this purpose there is no point in including money that you don’t actually get.

3. Total everything on your expense list and everything on your income list separately. You want a total number of how much you spend every month and a total number of how much you make every month. Once you’ve got those two numbers you will subtract your expenditures from your income.

Hopefully you’ll end up with a positive number after you do this step. If you end up with a negative number it means you are spending more in a month than you earn and it’s time to make some changes.

The first thing you will need to do is to look over your expenses carefully to find areas where you can cut back. While most people don’t like to admit it, many of us waste quite a bit of money every month. Find the areas where you spend more money than you should and cut it out, or at least cut down.

There you have it, an easy three step process to make your own family budget planner. You have to have a clear picture of where you are right now before you can plan on moving ahead. This should make it much easier.

Dummies Guide To Investing – Short And Long Of It Fri, 13 Jul 2018 07:31:56 +0000 A general definition of investing is just buying a product such as stocks or bonds with the purpose of making money on that product. Obviously the more money you make on any given financial product the better. The problem is that it’s not that simple, there are a lot of things you will need to know if you want to learn to invest successfully. This article will guide you through some of the basics, think of it as your dummies guide to investing.

The more education you get about investing the better your results will be. Don’t try to just dive in but rather take some time to learn what investing is all about.

You may have heard the expression “don’t put all your eggs in one basket”. This refers to the fact that if something happens to your basket all your eggs will be destroyed. Many people take a similar approach when it comes to their investments. If you diversify your investments and spread them around with stocks and bonds as well as buying stocks from several different sectors, you will minimize your risk.

For example, lets say all of the stocks you have in your portfolio are from GM. What happens if the ‘impossible’ occurs and GM goes under? You lose all your investments. If, on the other hand, you had say only 1/3 of your portfolio in GM and another 1/3 in Microsoft ( a totally different type of company) and 1/3 in General Mills. Do you see how you have divided up your portfolio not only among different companies but different sectors? None of these three companies makes the same type of product so it’s unlikely that they would all have their stock prices fall at the same time. The is the basic principle of diversification.

Another thing you will need to learn to do is to take the emotion out of investing. The two biggest reasons people lose money when investing are greed and ignorance. They see a stock is going up and they think, beyond all logic, that somehow that stock will continue to go up in value. If they had sold the stock when it was at it’s highest, or at least when it was doing very well, they could have made a lot more money instead of staying with it for too long and losing money.

You have to know how to adequately research a company and it’s management before you invest in their stock. This is the number one thing you can do to protect your investment.

This is a basic overview of some of the things you’ll need to learn before you can invest successfully in stocks and bonds. This dummies guide to investing, of course, is only the beginning of all the ins and outs of investing. The best thing you can do for yourself, and your money, is to take time to be actively involved with your investments. Don’t just turn it all over to a paid adviser and hope for the best.

Talk to your advisor on a regular basis, continue to educate yourself and ask your broker questions. Remember, it’s your money and no one is going to be as concerned with it as you are.

Credit Score Tips To Keep Your Credit Rating High Fri, 13 Jul 2018 07:28:07 +0000 There are currently three major credit score reporting agencies that operate within the USA. Those agencies are Experian, Equifax and TransUnion. The main function of these companies is to track and report your potential credit risk. This is done by having information sent to them from all of your creditors and people you deal with financially. They will look at how much you earn, how much you owe, if you pay on time, how long you’ve had a credit history, and a whole more. These items are then listed in your credit report from each agency. Furthermore, they will try to quantify all of this information by boiling it down to a single number known as your credit score or credit rating.

A quick note: Each company may have slightly different reports on you, as not all creditors report to all three agencies.

When it comes right down to it, it’s these three credit agencies that compile the information that lenders (and others) will use to determine if they will extend credit to you, and under what terms. Knowing this, it comes as no surprise that the “big three” wield a lot of power in the lives of US consumers. It’s in your best interest to get and keep as high of a credit score as possible with each of these agencies. Here are some things you can do to get your score higher and keep it there once you do.

At the top of the list is to pay all of your bills on time; at least by making the minimum payment (paying more is better, though). You should start doing this from the very first bill you pay, and continue doing so. If you slipped a bit in this regard, then you need to get back on track starting now. The longer you have re-established your ability to pay on time, the better. Each missed or late payment will count against you. The later it is, or the more bills you are behind on, the worse it is.

The next vital step to take when it comes to your credit score is to not spend more than you make. The tricky part is that credit cards make it so easy to live beyond our means, but that’s also the quickest way to get into trouble. However, as you are trying to show you are creditworthy, you can save up for the bulk of the purchase, and then pay most of it off as soon as the credit card bill comes. This will help show that you are good at repaying your debts, and that you are not overextending yourself.

Another thing you can do to protect your credit rating is to get copies of your credit reports on a regular basis. Check them over carefully and correct any and all errors you happen to find. There are many ways mistakes can be made, and it would be a shame to miss out on a good loan due to no fault of your own.

Common Sense Beginners Guide To Investing In The Stock Market Fri, 13 Jul 2018 07:24:04 +0000 There are many things that I can tell you as a beginners guide to investing in the stock market. Most of the things involved in this beginners guide to investing would have to include common sense.

For instance, as part of a common sense beginners guide to investing, I would have to tell you to never invest more money than you can afford to lose. A beginners guide to investing advice should be, if you really cannot afford to invest, don’t. If you want to invest and are afraid of taking risks, look into money market investing. Money market investing can be done through individual accounts or as part of a pool in a money market mutual fund. Money market investing yields the lowest return, but it represents the safest investments.

If you have some money to risk, the beginners guide to investing would tell you to invest in what you know. If there is a particular business field, service, or product with which you are very familiar, a good beginners guide to investing is; put your money in that business field, service or product. Too many beginners attempt to start from scratch, by learning all that they can about a particular company, usually one that someone else recommended to them.

A good beginners guide to investing is to take advantage of the knowledge you already possess. It isn’t necessary to struggle with a learning curve. There are thousands of companies you can invest in on the stock market, a good beginners guide to investing is to start with ones you already know something about.

More good advice to follow as a beginners guide to investing is to get in for the long term. Only certain personalities can become day traders and even most of them fail. Some of the best beginners guide to investing is to stick with your stock. Research your choices and make the best decision you can. Then, do not second-guess yourself. Stick with your choice for a while and see how you do a couple of years down the road.

Oh yeah, that’s some more advice as a beginners guide to investing; this shouldn’t be a jump in and jump out proposition. Stock market investing is for the long term. Beginners guide to investing tip number one is that investing in the stock market is not a get rich quick scheme. If you want to get rich quick, jump in the car and drive to the casino.

The beginners guide to investing in the stock market tip number two is that you are gambling. Instead of risking your money on the numbers painted on the side of the little square dice, you are gambling at the success of the corporation in which you invest your money.

The stock market is a good place to grow your money over the long term. Your return will be better than it would be in your bank account. Just remember the key element to the beginners guide to investing is to use common sense.

Credit Repair Specialists – Can Help Or Hinder Fri, 13 Jul 2018 07:21:04 +0000 Many people who are overwhelmed with credit issues want to just throw up their hands and let someone else take care of it for them, that’s where credit repair specialists come in. There are a lot of companies that will help you sort out all your credit issues, but before you go out and hire one, here are some things you need to take into consideration.

Most people don’t realize it but there are actually several credit repair secret tips that you can use to help undo the damage that’s been done to your credit score. None of this information is widely advertised, I mean, why would it be? An uninformed consumer is a sitting duck to all the threats and harassment of a debt collector. Don’t ever forget though, that you do have rights and that debt collectors have strict rules they have to follow.

The first thing you want to do is make sure that whatever negative things are on your credit report are accurate. It’s important to check your credit reports, from all three credit bureaus, at least once a year. If you find a mistake, contact the credit bureau immediately in writing and request that it gets corrected. This simple tip can help you raise your score and get rid of inaccurate information that has been costing you money in higher interest rates.

When you contact a credit bureau keep a detailed file as to the date you sent the letter, sending it certified may be a good idea, as well as a copy of the letter you sent them. Unfortunately sometimes the credit bureau isn’t right on top of everything and it’s a good idea that you keep track of everything in case they try to jerk you around.

For one thing, before you pony up any money you should just take matters into your own hands and do it yourself. At least get your own credit reports and check for errors. If you want help after that point you can always hire someone. Make sure you get a report from all three credit bureaus: Experian, Equifas, and Trans Union. Don’t assume that they will all have the same information or that if one report is accurate they will all be accurate. Information can vary greatly from one company to another so check all three, carefully, for any mistakes.

If you are convinced that hiring outside help is the only way to go, keep this information in mind:

1. You should steer clear of any company that ‘promises’ you that they can remove negative items from your credit report if they are accurate. No matter how painful it might be you have to face the fact that accurate information stays, sometimes up to ten years. If a company claims they can remove accurate information keep looking, they are lying to you.

2. Make sure that you have a written contract in place that explains all the things the company will do for you as well as how much it will cost you. Some companies charge a one time up front fee, other’s will set up a monthly payment plan. Just make sure you read over the contract and that everything is spelled out. You have three days to cancel a contract, in most states – check with yours, after the day it’s signed.

3. Be sure that before you waste time and money you are committed to the plan to get your credit back on track. In almost all cases, it will take determination and even a little sacrifice to improve your credit score. If you’re not 100% committed to taking all the steps necessary you’ll just be throwing good money after bad. It’s gut check time, if you’re not ready, don’t pay for someone to help.

4. Don’t let a company try to tell you that they can set up a second credit file. That is fraud and even if they were able to do it (which in most cases they can’t) you could get in serious trouble.

When it comes to getting back on stable financial ground, you really can do it yourself with a little time and effort, but if the process just seems too overwhelming and you want to hire credit repair specialists, just keep the tips above in mind so you don’t jump from the frying pan into the fire.

Best Financial Advice Fri, 13 Jul 2018 07:15:45 +0000 Where do you find the best financial advice for you and your situation? Valuable information is out there to help you manage your finances and keep your head above water in these troubled times. Too many people got in over their heads, especially in the housing department. They were allowed to buy houses they could not afford. Then those same houses depreciated in value and the people who owned them could not sell them and could no longer afford their payments. Lots of people went into foreclosure because of this.

Good information is always of value and comes in many different varieties, you may have some difficulty getting started. Start in the most logical place, the library. You can check out books and read magazines to help you gain the knowledge you need to help yourself, or you can start with the telephone book and call all the brokers and financial planners listed to have them help you out with your investments.

There are outstanding circumstances for sure (medical emergencies, tragedy, job layoffs, etc.). But generally speaking, if you have a hard time living within your income, check your spending on your home, your car, or your entertainment (dining, tickets, trips). I have tried to keep all three modest ever since.

I think there was a whole generation that was mislead about money and how to handle it. I could be wrong but how is it possible that so many people could get into such trouble? One reason may be that we were not taught to prioritize our obligations and once again we were enticed to start spending money we did not have. I believe this is the same thing that happened when the big stock market crashed in 1929. People were living on credit and that type of lifestyle is unsustainable.

Did we learn from our mistakes? I really do not think so and history is destined to repeat itself. Which it has, a couple of times in recent past. How do things get fixed? People go back to the basics and stop spending money they do not have. There is no more false sense of security. Security is found within one’s own family and within the means of that family.

The biggest answer to managing your finances is to learn to prioritize and learn to budget. Set goals and start with the smallest bills and work up to the biggest bills. Do not eat out as much and try to drive a little less by consolidating your shopping trips. Do not be running all over creation everyday. Plan to visit several stores all at once in one day to save gas. Map out your route to minimize the gas you use, also.

The best financial advice is to create a budget you can live with, stick to it and avoid using credit for those things you could pay cash for. Letting credit get out of control can cause a great big headache and completely ruin your credit score for things you may need in the future like a house or car. Use it wisely, or better yet, not at all.