Wednesday, November 28, 2012

Future Petrol Price Predictions For South Africa

South Africans would be best advised to dust the cobwebs off that bicycle or head for the bus terminus as local fuel prices are not predicted to drop any day soon.
After a fortnight of turmoil on the world stock markets and the threat of a global recession looming ever closer, South Africans and consumers world-wide have been hit where it hurts most in the pocket.

Exchange rate spoils the party

At first, it was the spectre of an oil crunch' that propelled the dollar price per barrel to extraordinary new heights, now it is the dollar/rand exchange rate that is going to keep the petrol price in South Africa massively overpriced. So if you own one of those horrid, gas guzzling', carbon belching SUV's, you are unfortunately going to get burnt.

Earlier in the year the price of oil shot up to well over 0 per barrel, largely due to the global demand threatening to catch up with the supply. The uncertain and often untenable geo-political climate in the Middle East has not done anything to restore confidence in the ongoing and efficient supply of oil.

OPEC battling to keep up with demand

Another factor that has led to the rocketing price of oil is the lower output by OPEC and the fact that oil fields not governed by the Organisation of Petroleum Exporting Countries were fast reaching a plateau in production levels. This is not at all surprising when you consider that nearly 96 million barrels of oil are needed each and every day throughout the world.

Recession curbs demand for oil

Global warming experts and carbon emission activists must be grinning right now as the expected recession has one positive impact on the world - the demand for oil is likely to drop even further although we have already witnessed the price of oil drop markedly in the past weeks.

It would normally have been excellent news for the hard-pressed consumer but with the latest Wall Street catastrophe and the news that UK and EU banks are also under enormous pressure, international investors are running shy of emerging markets that could be considered a risk.

Investors seek safety of the dollar

Apart from the fact that investors are turning to the tried and tested markets, they are also seeking a safe haven in the dollar and this, in turn, means the South African rand has taken a huge pasting on the local and international bourses.

No relief in sight

Even though South African banks have managed to evade many of the problems crippling their international counterparts, and most South Africans have been protected from the fallout of the global melt down due to the implementation of the National Credits act and the cautious steering of the economy by Reserve Bank Governor, Tito Mboweni, and incumbent finance minister, Trevor Manuel, South Africans will have think twice before taking any unnecessary road trips.

Tuesday, November 27, 2012

Personal Finance Made Easy. Helpful Tips and Tricks!

You could save a lot of money and even make some money, if you knew how to properly manage your personal finances. These tips should help you take control of your expenses, open the right kind of accounts or avoid getting in debt. You will need this knowledge at one point or another.

Make a will. It is vital to ensure the protection of your loved ones in case of your death. Not only will your assets be handled according to your directions, but more importantly a will assigns guardianship of your minor children. Lawyers or financial planners can ensure that your will is a valid legal document and also offer advice about tax-saving strategies.

Do not take on more debt than you can actually handle. Just because you qualify for the loan for the top of the line model of the car you want doesn't mean you should take it. Try to keep your debts low and reasonable. An ability to get a loan doesn't mean you'll have the ability to pay it.

Trade in your gas guzzler for economical, high miles per gallon car. If you drive a truck or SUV that gets bad gas mileage, you may be able to cover the monthly payments for a new car with your gas savings. Calculate what you spend on gas now with what you would spend in a car that gets 30mpg or higher. The savings might shock you.

An area of personal finance that sometimes gets overlooked is insurance. If you were to lose your job or become ill, even a substantial savings account could be depleted pretty quickly. Many mortgages, loans and credit cards offer insurance that will pay your payments during such events. Disability insurance is another way to ensure a source of income if you were to get hurt. It is usually not as much as your regular salary, but combined with your savings, it can cushion the blow a bit.

A good tip when it comes to personal finances is to not buy impulsively. A good majority of all retail spending is on impulsive purchases. Rather, if you see something you want, analyze it on a scale of want to need and then give yourself a 24 hour cool down period before buying it. This should stop a lot of impulse buys.

Search for professional advice if you are going to invest in stocks for personal financial gains. Hiring a professional advisor is a sure way to ensure that you will get returns back. They have the knowledge and experience in the field to help you succeed. If you go at it alone, you would have to spend days researching, and that can consume much of your time.

Knowing how to manage your money could really have a huge impact on your life. If you know how to make the right decisions, you could enjoy a better lifestyle and afford anything you want. If you are in a touchy, financial situation, perhaps it is time for you to take things in your own hand and manage your finances.

Tuesday, November 20, 2012

The Best Used Cars For Subprime Auto Loans

A subprime auto loan is hard enough to get if the car has enough value to carry the loan. Unfortunately, cars lose an average 47% of their value by the end of their third year. The value is gone, but that does not stop some dealers from trying to sell them for more than their value. That makes it even harder to get a used car loan with subprime credit. Here are a few cars for which it is easier to get a low credit score auto loan approved. This list also takes into account Consumer Reports list of most reliable cars.

Compact/Subcompacts

Honda Fit
Toyota Echo
Scion xB
Pontiac Vibe
Mazda3
Subaru Impreza

Family Cars

Ford Fusion (FWD)
Mercury Milan (FWD)
Mazda6 (4-cyl.)
Nissan's Altima

The list from Consumer Reports included several other models as well, but, you have to remember, with subprime auto loans, you are not going to be approved for the more expensive models. The sacrifice of buying a smaller car than you might prefer is a modest concession to rebuilding your credit.

Monday, November 19, 2012

Cheap Trampolines Could They Be A Good Investment?

If you have been thinking that trampolines are too pricey for ones check book to handle, you will be surprised at exactly how low priced some of the actual budget types actually usually are. Manufacturers realize that not everyone can afford a deluxe trampoline together with all of the bells and whistles and nearly all of them have made a line of low-priced trampolines. Numerous consumers are afraid to buy a less expensive trampoline due to the fact these people think of bad workmanship or even quite unsafe products as soon as they hear low-cost. But the truth is, lower cost trampolines are actually in fact referred to as budget trampolines by the manufacturers plus are basically a tad more cost effective.

Of course, not each budget trampoline is actually made the very same way. Models of which will be produced by an established manufacturer, such as AirMaster or Jumpking, are actually going to be produced following the same safety expectations and making use of the same top quality craftsmanship used on a lot more pricey types. Unbranded trampolines may not necessarily be made with the actual same attention and care and also may possibly become poorly made or even perhaps unsafe.

In the event that you do not think about the actual manufacturer and quality of the product as you search for a less expensive trampoline, you actually might find that your enjoyable new purchase is nothing but one big frustration. Having your low-priced, shoddily constructed trampoline break while the children are bouncing on it for the first or second time means that you have spent twenty five to fifty dollars a bounce! Of course, a poorly designed trampoline is not only an annoyance; it is a safety hazard. You won't want to risk the health of your kids through an unsafe model.

Happily, you will discover a large number of trampoline manufacturers which care about good quality and safety, even though they may be making products for their budget lines. One particular clue that will help you decide if a company cares about its goods is whether it stands behind them. Generally if the budget trampoline you are looking at is not going to supply a guarantee or possibly a manufacturer's warranty, then the company usually will not have faith in its own merchandise to provide one.

As you start off your search to get a quality budget trampoline, you might be asking yourself if you can perhaps afford to buy it. Yet, a basic 8 foot round trampoline for beginning bouncers is usually as inexpensive as 0 through an internet store. This normally even includes delivery. If this is still a tad higher than you can afford, look into ebay. You will discover numerous trampolines on auction web sites and many of them start off about . Although some of these are used models, one can find brand new ones, too. Manufacturers that happen to be cleaning out their warehouses or even companies that are being forced to liquidate their stock more often than not use auction web sites to sell trampolines at wholesale prices.

If you choose not to make use of auction web sites for major purchases, there exists another option that could help make that budget trampoline less costly for you. Ask the online store of your choice if there is a financing option for more high priced products. As you check around, you might find that a few stores sometimes provide interest free financing on types that are currently in stock. This is the most suitable option, considering the fact that paying finance charges can make that cheap trampoline cost much more in the longer term.

In addition, when you have your brand-new budget trampoline, you will probably find you save even more money than you had been expecting. You could just bounce your way into shape and right out of that pricey fitness center membership you were not making use of.

Saturday, November 17, 2012

The Advantages And Disadvantages Of Live Online Auctions

Benefits of Live Online AuctionsApart from the silent auction websites like eBay, there is another way to get the product you wish without having possessing to wait around for days. Live online live auctions are like the real factor except that they happen online.

How do they work?
Simple. You search for internet websites that offer you live auctions, register, wait around to be authorized by the auctioneer and voila! You are in. To get entire access on the site, you only need to have a dependable internet net connection that can manage live streaming yes, you need the greatest technology readily available for this.

Usually, live online live auctions are produced as a platform to obtain collectibles, like jewelry, antiques, books and digital gadgets, without worrying about most system engineered to steal your item from you at the last minute. This is because you can see and hear the events unfolding through the auction; thereby, you have far better control on the process.

Advantages
The largest advantage of live online live auctions is that you have the flexibility to conduct a common look of an item. For example, you would like to buy original manuscripts for William Shakespeare's plays. You only need to go to any search engine and do a search for the merchandise. If it is readily available, you can certainly get a list of live auction websites that are scheduled to maintain an auction for such materials.

Moreover, anyone from anywhere in the world can bid. The auction will be scheduled in advance so also if you are in a various time zone, you will still be able to attend. This is in particular useful if you are businessman who wishes to have a number of ventures all over the world. For instance, if the auctioned estate is in Sweden and you live in Japan; you can still bid for it. At least you'll nonetheless have income moving in that element of the globe.

Considering that live computer auctions permit you to actually see the things; you may like something that you've never also considered before. Therefore, there is a larger chance that you will lead to bidding for two items and more. Of course, that's serious on the pocket so guarantee you possess adequate money to bid on numerous items.

In series with this, you additionally get to see and hear the auctioneer real time. This way you should be guided regardless of whether you are putting the correct bid or not.
Yet another advantage is that absentee bidding is also feasible with live auctions. This signifies that even if you do not have the time to go to the online bidding, you can still bid. You only have to inform the auctioneer in progress how significantly your supreme bid is and he should play it for you. At the end of the day, you can just go online and check if you've won the auction.

Disadvantages

The perceived disadvantage of live online auctions is that it occurs only once. Therefore, if you skip it; you'll in no way get the chance to bid for the same item again.

Live online auctions need time to master. That is why it is highly suggested that earlier than you be part of the bidding process, you have to observe the tradition first. Every online auction website has a different set of rules and regulations. It is best if you are familiar with them in order to make sure that you should be obtaining the very best for your income.

Have fun bidding!

Tuesday, November 13, 2012

Terminology Used With Bad Credit Car Loans and Auto Finance

Car finance and bad credit auto loan terminology can be obscure. Here are some terms used with adverse credit car loans, including auto equity, balloons and deb to to income ratio. Once you understand their language, you ca negotiate with confidence.

APR The Annual Percentage Rate, or the true interest rate charged for a loan over a year - whether regular car finance or a bad credit loan.

Auto Equity Loan

When you purchase a car you normally get the papers or title to the vehicle. However, with many bad credit car loans, the lender gets the title in return for the cash to enable you to pay for it. You get the title once you have repaid the loan. This way, if you default on your payments, the lender keeps the car and can sell it to use the equity on the car to repay the loan. If there is any cash left after the sale, then you might be given this.

Balloon Payment

If you believe that you will have more money available close to the end of the loan period, you can arrange a balloon payment. Your monthly repayments will be less, and you make the final lump sum payment when it is due. Balloon payments are useful when you have an insurance maturing at the end of the period, or expect to have been able to save up a lump sum to make the final payment.

Debt to Income Ratio (DTI)

This is the ratio of a borrower's total debt as a percentage of their total income. Some lenders set a maximum DTI above which you cannot borrow any more money - 36% is an average figure. Include all other debts you have, not just your car loan.

Depreciation

The depreciation is the amount by which your vehicle loses value with age, wear and tear. The same term applies to the value of money, and while the value of your car depreciates, the value of your dollar can also depreciate. Fundamentally, the resale value of your car will depreciate every calendar year, most depreciation taking place between being completely new and having been used.

Equal Credit Opportunity Act (ECOA)

This is a federal act by which all creditors must make credit equally available to all buyers irrespective of race, color, religion, national origin, gender or age. However, lenders are not obliged to offer credit if they believe it may not be repaid, so not everybody is entitled to bad credit car loans - or even to car finance of any kind if the lender has valid reasons not to offer it.

Equity

Equity is the difference between the resale value of a property (e.g. your car) and what you still owe on it. So if your car has a resale value of ,000 and you still owe ,000 to the lender, your equity is ,000. This is known as positive equity. Negative equity is as this example but you still owe ,001!

Gross Monthly Income

Your total monthly income before any deductions. Deductions include tax, child support, insurance, etc. Net monthly income is your income left after such deductions.

Lease

An alternative to buying a vehicle. If you lease a car, you fundamentally rent it, while the owner retains title to it. A lease is generally taken over a much longer period than a rental - many leases run for years.

Loan-To-Value Ratio

Also known as LTV, this ratio is the percentage of difference between a loan amount and a vehicles value. If your car finance is for ,000 and the value of the car is ,000, then the LTV is 50%. The loan is 50% of the value of the vehicle.

Monroney Sticker

This is a price sticker required on all new vehicles by federal law. The sticker lists all the options connected with the car together with the manufacturer's suggested retail price (MRSP.) The MRSP can change if options are different between models or offers.

Payment to Income Ratio

The PTI is a figure stated by a lender that defines the maximum car loan the lender is prepared to offer based on the applicant's income. This helps to avoid borrowers overextending themselves and being unable to make the monthly repayments. Current averages range from 10% to 15%.

Pink Slip

The Pink Slip is the title for the vehicle, and should be provided to each buyer of that vehicle down the line - just like the title deed for real estate property.

Term This is the period of the loan from beginning to end, from the time the loan has been granted until it is due to be paid off in full.

Title Loan

Like the Auto Equity Loan, the car is the security for the loan, and the lender keeps the title for the vehicle until the loan has been repaid. This is a common arrangement for bad credit car loans.

Truth-in-Lending

This is a federal law that requires every lender to state the correct annual percentage rate (APR) to borrowers when purchasing a vehicle, whether this is a regular or bad credit car loan.

There are others, although these are the more important of the common terms you will come across when seeking car finance - whether regular car finance or bad credit car loans.

Friday, November 9, 2012

Baby Phat Rush Card - Review

The baby phat rush card is a prepaid credit card. It was created by Russell Simmons he co founded the popular Def Jam record label.

The rush card works like this; you deposit money into your account, then you use your card to make purchases. This card guarantees approval for everyone.

There is no credit check or chex systems verification. You can have a card issued to you in black or in pink.

With this card you have free direct deposit. To enroll in this you only have to fill out a form and turn that into your employer or payroll department.

Your paychecks are then directly deposited into your rush account/card. You will still get the details from your employer. It will show the amount of your deposit and taxes and hours worked.

If you are in need of cash this card can be used at over 800,000 ATM's world wide. You also have free online account access.

You can use your card to make purchases online or over the phone. There is also another benefit; you can write physical paper checks from your rush card account.

To take advantage of this feature, you sign in to your rush card account and insert the person or business details that you want to pay. Their details simply include name, address and amount of payment.

Then a physical check in your name is sent to the payee. This is a great way to pay your bills, no more buying money orders.

Using this service and direct deposit you can save a lot of money because you will no longer have to pay for money orders or check cashing fees again.

However, we do not recommend the rush card. This is because of the number of fees they have that other prepaid cards do not carry.

For example the rush card charges you a convenience fee. A convenience fee is simply a fee for using your card.

The convenience fee is .00 with a monthly maximum of .00. However you will be charged a convenience fee for every purchase you make in a month.

Only at the end of a full calendar month will the extra convenience fees be refunded to you.

That works out to almost 2 months before you will be issued your refund. These fees are ludicrous; there are very few people that only use their credit card ten times in a month.

I don't know how they get away with charging these fees it seems unfathomable. In addition making their card holders wait so long before being reimbursed.

To enroll in bill pay the rush card will charge you .00 and then another .00 for every check you write from your account. There are other prepaid cards where this service is free.

The rush card proudly says there are no hidden fees with their card. However they have more fees than any other card we have reviewed. They carry a fee with every transaction you make with your card.

In sum, stay away from the rush card. There are many other prepaid credit cards available that have lower fees and better benefits.

Wednesday, November 7, 2012

Are You Eating Up Your Cash Advance Loans and Credit Card Limits?

Is your debt piled up with cash advance loans and filled credit cards? More often than not, news worthy stories will be reported about people who are falling further into debt. Negative reports about online cash advances and payday loans are plentiful. Stories about Americans falling deeper into credit card debt are rampant as well. Every now and then we read a story about the individual who climbed out of being deep in debt. These stories are triumphant and proof that with a little hard work and a lot of determination, it can be done.

I just read one of those refreshing stories. A debt well into the 6 figure category was washed out in five years. Wow! That is an impressive feat. One of the reasons why I love reading these types of stories is that it refreshes my spirit to stay on task when it comes to my own debt. We all have our personal stories and circumstances behind financial struggles, but when I read proof of a light at the end of a tunnel; it makes me focus a little bit harder.

One of the strategies the couple in the story took was to keep their problems in clear sight. All thirteen credit cards (13 -Yikes!) were cut up and kept in a plastic bag on top of the statements. It was all kept in a basket in full view. Taking one look at their basket was their reminder to spend more wisely and stay focused. The point is that they found something which worked for them. What would work for you? Unless there has been a loss of employment or medical debt, a big factor in American debt is the "I can" factor. This translates into spending beyond one's means because of third party money availability.

Third party money comes in all shapes and sizes. In order to have a good credit score, there needs to be different types of credit being used. It sounds like an oxymoron to me. You have to have debt in order to get a good credit rating, but if it is not utilized perfectly, finances will suffer from it. Similar to it is food; everyone has to eat, but how diet is managed along with other factors will determine the health of a person. You can't control outside factors for either one. Certain illnesses can affect a person's diet and losing a job can affect a budget. All anyone can do it to keep at it and evaluate often.

Whether you are working at getting rid of a pile of debt or that extra roll along the mid-section, don't let one error cancel out all your hard work. Stay on course! Hide the credit cards and avoid using short-term cash advances unless it is a true emergency in order to keep the debt from rebuilding. Credit counseling may be a good starting point for those who have difficulty budgeting income with cost of living. Whether you are cutting out debt or losing 10 pounds, you will have to cut out somewhere. Acceptance is the first step to making any program work. It is easy to blame the credit card companies, the speed of a cash advance online or the empty bag of chips: but let's face it, none of them forced you to consume the extra.

Friday, November 2, 2012

An Overview Of Mdu Distance Mba

Maharshi Dayanand University, Rohtak was established during 1976. The MDU distance MBA program is a correspondence program which spans over a period of three years and is offered to people who are located in various parts of the nation.

As businesses thrive in this nation, the management courses have received a boost. Practically all the major cities and towns are providing distance MBA courses to fulfill the ambitions of the aspiring students and professionals. Today MBA has become one of the most coveted qualifying degrees for eager beavers. MDU distance MBA is opening up opportunities for several thousands of candidates who are unable to enroll in a full time classroom course. The major line of difference between distance learning and a full time MBA is that of class contract hours. MDU courses are slowly becoming very widespread as they are very convenient and give candidates the freedom to educate while pursuing other interests too. The main objective of this University is to equip the students with advanced knowledge and skills to help them in securing a position in multinationals with eye popping salaries.

How is distance MBA offered by MDU proving useful?

Actually, MDU distance MBA is even facilitating the professionals who desire in increasing their value in the current market scenario. Since they are working the rest of the day, the distance courses are the perfect answer to their quest for excellence. Even housewives who wish to fulfill their dreams can have a career if they opt for distance MBA courses that are being offered by the MDU University.

Eligibility for distance learning MBA by MDU:

The eligibility criteria for seeking admissions to courses may be subject to changes, so be sure to check the notice board online for notifications. However the general requirement that has been put forth by the University is that individuals must have a three year graduation degree from any reputed university and with minimum 50% marks in an aggregate. Candidates who are currently in their final year of graduation are also eligible to apply.

Several kinds of MBA programs:

Whether you are a new school grad, a working parent, or an executive there's an MBA degree program by MDU out there that is perfectly suited to your needs and capabilities. MDU educational department have expanded their MBA courses to reach an increasingly diverse audience of students and professionals who wish to switch their careers or qualify for promotions. Their programs are enhanced, updated, and self-paced to meet the requirements of busy students who study during their off hours. Candidates can choose from a vast array of MDU distance MBA programs like finance, technology, management, hotel management, or even health care.

Placements of individuals:

Maharshi Dayanand University even offers placement assistance to individuals availing the distance MBA programs. Multinational companies hire candidates who are successfully able to complete their programs with a fair percentage of marks. Candidates are exposed to a world of opportunities and are guaranteed a sure success in life.