RACCFL Finance Blog » Credit Cards http://www.raccfl.org Thu, 08 Dec 2011 19:51:24 +0000 en hourly 1 http://wordpress.org/?v=3.0.3 More saving less spending! how it works? http://www.raccfl.org/more-saving-less-spending-how-it-works/ http://www.raccfl.org/more-saving-less-spending-how-it-works/#comments Sun, 10 Oct 2010 19:47:15 +0000 Simon http://www.raccfl.org/?p=98 The current economic recession in the world makes significant changes in our life styles.  however the economic downfall in most of the countries is almost over but still people are concerned about savings, they are now aware with different ways to save their money,  i believe  it is good for middle class society as now they will be capable to save some money for their future prospects.  for instance people are not spending much on their outdoor dinners, they always check for discounts coupons at all food corners & avail the serves of the one which is cheaper & good.  one the other hand the expenditures on parties, weddings & other social gathering is also reduced. same is the case at luxury hotels, & exclusive air travels.  this shows  few examples of less spending & more saving.

Interestingly this trend allow people to live a debt free life,  however their is still a large number of people who depends upon it due to no job. but if we take the picture as a whole, we came to the conclusion that the ratio for debt is less in employed people this year. the credit card consolidation institutions & other organizations that pay off credit cards is trying  to boost up their products by making people addict with credits.  lets see how much the current circumstances favored it when the globe is witnessing a little  relief from economic recession.

]]> http://www.raccfl.org/more-saving-less-spending-how-it-works/feed/ 1 Compass bank! Chance to grap $150 Bonus http://www.raccfl.org/compass-bank-chance-to-grap-150-bonus/ http://www.raccfl.org/compass-bank-chance-to-grap-150-bonus/#comments Mon, 18 Jan 2010 21:13:49 +0000 Simon http://www.raccfl.org/?p=93 Compass Bank, one of the famous bank in USA finally came up with the late Christmas gift for their customers, the bank is offering a bonus for fresh customers, for example of you are looking for a good bank in your region, lets say its the same compass bank then you will get the bonus of $150 if you open your new checking account either for paying online bills or want to deposit some cash. this news spreads like fire & the bank staff is finding it difficult to manage the huge crowd of the customers. The amount of the bonus is divided in to two $75 offers. The first requires that you use Online Bill Pay and the second is setting up direct deposit. Note that the last date is February 28, 201o if you want to avail this attracting offer :)

]]> http://www.raccfl.org/compass-bank-chance-to-grap-150-bonus/feed/ 0 Credit Cards, A liqueur or poison? http://www.raccfl.org/credit-cards-a-liqueur-or-poison/ http://www.raccfl.org/credit-cards-a-liqueur-or-poison/#comments Thu, 03 Dec 2009 12:00:56 +0000 Simon http://www.raccfl.org/?p=23 We are living in an era where buying & selling are taken place mostly on debit. From big corporations & manufacturers to a final consumer, everyone is engaged in buying goods & services from the money that they don’t actually have, the most frequently used form of this is the increase in the use of credit cards. Well there are both positive & negative aspects of credit cards, so lets discus them one by one.

Buying goods & services on installation is good but not recommended all the time, it is good for the people who need to buy something in emergency & don’t having solid cash, so by this way they can satisfy their demands easily & pay for them little by little in installations in future. Credit card is helpful in this way. Especially in emergency or at time when you don’t have solid cash, another good aspect of credit card is the security; it is certainly no possibility of theft or money loss in it. You can pay for the goods electronically most of the time. Thus it’s a useful form of money which has a zero probability of being stolen.

The worst of credit cards, loans & debit is its psychological effect, People feel ridiculous with it in a long run. A recent survey in United Kingdom reveals that 30% of the people didn’t even pay (or not even able to pay) a single installment after getting a house on loan. So ultimately they suffer from psychological torture. Another bad aspects of the credit cards is their buying policy now, I have seen banks who easily issue credit cards to students & low income people, so how can they pay after lending money from it? So the conclusion is, credit cards are not a bad thing itself but its use or (purpose of use) either makes it good or worse.

]]> http://www.raccfl.org/credit-cards-a-liqueur-or-poison/feed/ 0 How to select a good credit card from a bunch? http://www.raccfl.org/how-to-select-a-good-credit-card-from-a-bunch/ http://www.raccfl.org/how-to-select-a-good-credit-card-from-a-bunch/#comments Tue, 25 Nov 2008 01:41:21 +0000 Simon http://www.raccfl.org/?p=15 People are often confused about the attributes of best credit cards, there is a bunch now, a lot of credit cards in the market, so win the hearts with their stunning commercials while other for their attractive offers, however I must say here that always choose the credit card on the basis of below mention qualities.

High acceptance / usage
No hidden/ additional charges
High lending limits
No transaction charges
No monthly/quarterly/annual charges

]]> http://www.raccfl.org/how-to-select-a-good-credit-card-from-a-bunch/feed/ 0 Zero markup or tax free debits. http://www.raccfl.org/zero-markup-or-tax-free-debits/ http://www.raccfl.org/zero-markup-or-tax-free-debits/#comments Thu, 13 Nov 2008 19:39:26 +0000 Simon http://www.raccfl.org/zero-markup-or-tax-free-debits/ Lending funds is all about taxes with additional charges & bills, in most of the cases the borrower ended with paying double of what they had lend. So why not going for some other solutions of you are shortage of fund. So why be smart when you can find the solution to your problems with many different ways. First of all you have to look the specific problem for which you need funds. If for example you need funds to expand your business, you need to buy the raw material or need to hire a technical expert for you new tech business. Yes! I don’t know why people always use banks to borrow money, you can get this money by selling your other properties (don’t get disappointed here) you can buy there properties in future once you succeeded in your business.

Another good way of getting zero tax debit is to get the money from your friend, it’s no deal when you have to pay him back next month, by this you can save a lot.

]]> http://www.raccfl.org/zero-markup-or-tax-free-debits/feed/ 1 Get insured, be on safe side. http://www.raccfl.org/get-insured-be-on-safe-side/ http://www.raccfl.org/get-insured-be-on-safe-side/#comments Sun, 12 Oct 2008 04:48:01 +0000 Simon http://www.raccfl.org/?p=6 The more world economy grow the more we can expect uncertainty in our life, usually people go for insurance policies without knowing their requirement, this is because they are attracted towards the different advertisement & promotional activities performed by different insurance companies, So always know yourself, your budget & your earning level before going to adopt any insurance policy.

Personally I am against insurance because its an extra burden of expenses on you. If you’re healthy & living in a place where the security & law & order situation is good, you can live an insurance free life easily. But in a situation where you are expecting high level of risk for your property & health, you need to go for an adequate insurance plan immediately.

]]> http://www.raccfl.org/get-insured-be-on-safe-side/feed/ 0 Raccfl Blog, the purpose of existence. http://www.raccfl.org/raccfl-blog-the-purpose-of-existence/ http://www.raccfl.org/raccfl-blog-the-purpose-of-existence/#comments Sat, 27 Sep 2008 16:29:41 +0000 Simon http://www.raccfl.org/?p=3

I am a financial analyst & accountant by profession, at this blog my aim is to provide the latest highlights of business & financial issues from all over the world, with a focus on the latest finical discoveries, analysis & suggestion, today the world is all about give & take, so it is very important for people from all walks of life to be updated about the discoveries of financial analysis’s & latest business tips, money market, stock market, financial advices & marketing tips will also be in discussion in my upcoming articles. Similarly I will also update this blog with interviews of different business personals & the success stories of different financial & general organizations.

Work trade market is gradually changing with arrival of different trends in different business, A successful financier & entrepreneurs are the one who keep themselves updated with the all the changes that occur in the market. In fact a successful businessman is the one who knows more & more about less & less about business he is running.

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