Reduces your worries for better educational
Reduces your worries for better educational
Now days it’s easy to get a high quality school, with all their facility and good ambience and environment. Mostly it will surprising us when come out with budgeting.
For other country and well manage country this is not a really problem, several solution already provide by the government, for parent that has an education planning will not worried, many of well known school offering their program to support it needs such as student loans, scholarship, college loans etc.
Wise spending habits to reduce our money worries and we also can improve our lifestyle while at school. There is a great need by joint this program one of the favorite program is called Private Student Loans are specialized education loans based on your credit history and income and should only be considered after all federal loans, grants and scholarships have been exhausted. Lenders typically give better terms for better credit history. Many lenders also allow cosigners which may help you qualify for better rates. It would help to ensure that more students are getting the resources they need to go to college and pursue a future career.
One of the student that has already know the benefit of this program ever tell a story to us that nothing to lose to try this Private Student Loans as long as we have all the qualification. Although many student did not has an extensive credit story they may need a credit worthy consigner to increase the chances on getting the loans Well….no worries at all for us who need a better educational with limited budget.
Tuesday, September 23, 2008 | 0 Comments
Why It's Important to Follow Budgeting Guideline
Creditors use budgeting guidelines when reviewing and approving credit. If your debt exceeds the financial communities recommended guidelines, then you have a higher risk of credit applications being denied. Plus, you will pay more interest since you will be perceived as a higher risk.
Getting, and keeping, your debt in line with recommended guidelines, is an important step in debt relief and debt recovery. Use the following guidelines to review the items in your budget, and make special note of expenses that are out of line:
- Housing 35% - Mortgage or rent, taxes, repairs, improvements, insurance, and utilities
- Transportation 20% - Monthly payments, gas, oil, repairs, insurance, parking & public transportation
- Debt Budget 15% - Credit cards, personal loans, student loans & other debt payments
- All other expenses 20% - Food, insurance, prescriptions, doctor & dentist bills, clothing & personal
- Investments & Savings Budget 10% - Stocks, bonds, cash reserves, art, etc.
Next to each item that is out of line, make notes as to why you think they are out of line with recommended guidelines. Be honest, be brutal, but write it down. It is the only way to ensure that you consciously accept the reasons for your debt problem so that you can fix it permanently. Remember, debt relief is a temporary solution, only you can make debt problems disappear for good.
If you find one guideline percentage to be more than you need, or less than you need for your personal situation, feel free to take from one to give to another. Keep in mind though, you want to eventually get your debt budget down to, or below, that 15% recommended guideline. That has to be your primary goal if you are using Budgeting Guidelines for debt relief.
Tuesday, September 23, 2008 | 0 Comments
US to assist money market funds
The Federal Reserve announ-ced two further programmes to help these funds.
The US central bank said it would lend funds via intermediary banks of up to $230bn (£126bn) in return for high-quality asset-backed commercial paper collateral.
It would also take on up to $69bn of short-term bills issued by Fannie Mae and Freddie Mac and held by money market funds.
The Fed loans against the asset-backed paper are non-recourse loans, meaning the US central bank is taking on more risk than usual, because it does not have any claim on the other assets of the institution.
These extreme measures followed mounting fears that retail investors in the sector, which saw a $170bn decline in the week to Thursday, could be starting to panic and might withdraw funds on a large scale.
Fear of mass redemptions had already forced money market fund managers to try to dump assets in an effort to raise cash and free themselves of any apparently risky paper.
This in turn had helped push down the yield on short-term government bills to levels last seen half a -century ago, while pushing borrowing rates on even slightly riskier debt up -dramatically.
Traders worried that money market funds would abandon the asset-backed commercial paper market, leaving issuers unable to roll over funding for credit card receivables, car loans and the like.
Moreover, because all the funds were trying to get rid of the same types of asset at the same time, there was a danger of a "fire sale" that would push down prices and potentially force otherwise healthy funds to "break the buck", returning investors less than 100 cents in the dollar.
In establishing the temporary guarantee programme for the US money market mutual fund industry, the Treasury tapped the Exchange Stabilisation Fund, which was established by the Gold Reserve Act of 1934 in response to the Great Depression. Treasury will charge funds a fee to participate in the programme.
George W. Bush, the president, approved the use of existing authorities by Hank Paulson, the Treasury secretary, to make available the assets of the Exchange Stabilisation Fund for up to $50bn to guarantee the payment as necessary.
Monday, September 22, 2008 | 0 Comments
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