February 8th, 2010
The Resilient Dollar
Welcome to the second edition of the Loanio Roundup. This edition focuses heavily on the national economy and peer-to-peer lending news. We hope you enjoy pursuing through the links below. Leave a comment and tell us what you think – we’d love to hear your views on the Wall Street Crisis and National Bailout.
The National Economy:
Career and Home:
Peer-to-Peer Lending and Loanio in the News:
Photo Credit: 1
Originally posted 2008-10-12 09:26:41. Republished by Blog Post Promoter
Related Articles -
Welcome to the Loanio Blog! Now that we are deep into the first 24 hours of going live, I would like to take a moment to officially kick off the Loanio Blog. For more about our official launch, please click here to view our first press release. The week leading up to this launch has...... -
How do Savings Bonds Work /caption] Are you wondering why you should invest in United States savings bonds, or how savings bonds work? This is a question that not enough people are considering these days, because most people are pressing their luck instead by gambling with stocks and other investments. So many people are turning...... -
Online Finance Magazines /caption] There are numerous different reasons to take the time to read online finance magazines. By buying and reading online finance magazines, you can learn a great deal about financing in a small amount of time. By buying and reading online finance magazines you will be infinitely better able to...... -
Do You Need a Money Manager? /caption] If your idea of organizing your finances is throwing a receipt in a big pile, you may want to consider the benefits of hiring a money manager. There is a new trend in the financial world where daily money managers are becoming very popular, and for many consumers, they...... -
4 Ways To Get Out of Debt /caption] For thousands of people, the specter of debt is an all too real problem that affects not only their financial life, but the rest of their lives as well. However, there are steps that can be taken to get yourself out of debt, reasonably quickly, despite how much you......
Related Sites -
Peer To Peer Lending: Lend Money And Invest A while back, I covered the world of social lending, when I was relatively new to the whole peer to peer lending premise. Now that I’ve become much more familiar with it, and have had some time to see how things operate in this field, I’ve decided to review...... -
Earning 11.89% Interest By Lending Money At Lending Club. Back in February 2008, I wrote a post titled "Why I Started Lending Money With Prosper And Lending Club" that outlined why I had veered from my savings account mentality into the world of peer-to-peer lending. Basically, I wanted to try to beat the rate that my online bank was...... -
The Friday Gathering - Hey! They blocked my blog! A little bit of Sunshine by *Micky For the first time in weeks it seems, we actually had a fairly quiet week in the GLBL household. Nobody has been sick, work hasn't been to crazy, and we enjoyed a little downtime. One surprise this week for me was Gather...... - P2P Lending In The News A couple of peer-to-peer (p2p) lending articles came out in major publications over the weekend... Enjoy... The ChicagoTribue: Peer-to-peer lending helpful, but know rules Sometimes you have to take matters into your own hands. At least that's the mind-set of individuals who lend and borrow money from each other online,......
-
Revisiting Loans from Friends or Relatives with Peer-to-Peer Lending You know the conventional wisdom about borrowing money from family members or friends? Never, ever get involved on either side. Even if you pay off the loan and everything is "ok" between you, there is still a possibility that things could go wrong. Then, you would be in a......
Tags: bailout, business week, economist, finance, financial crisis, financial storm, love, mccain, national economy, npr, peer to peer lending, roundup, wall street, wall street journal
Posted in Loanio | No Comments »
February 6th, 2010
Overspending is an enormous problem for Americans right now and the sad truth is, many of us do not even know we are doing it. If you are finding it hard to make ends meet at the end of the month, or you are desperately waiting for that next paycheck to arrive, you may need to take a hard look at your financial situation, your budget and how much you spend every month.
Track how much money you spend on small things.
We typically consider our rent or mortgage payments, car loans and utilities as the only items that need to be budgeted, but there are many small items that can crop up and eat away at your bank balance. These are typically unnecessary expenses, and over time, enough of them can quickly add up. Let’s take a look at how to determine how much you spend and how you can get your expenditures in line with what you make.
It’s a great idea to keep a little log book and write down everything you buy for the period of one month. Everything, no matter how small, should be noted down in your log. At the end of the month, total everything up and see just how much money you have going out the door. This is probably the easiest way to figure out what needs to be cut, since you’ll have everything right in front of you. Here are some of the most common culprits.
1. Eating Out.
Americans spend thousands, if not tens of thousands, eating out and these expenses can quickly add up. You can save quite a lot of money simply by cutting out one meal out a week, and even more if you really get serious about cutting back. Once you’ve logged how much you spend on food, you may be surprised at how much of your paycheck is missing.
2. Recurring Subscriptions.
This is a problem for many online. You sign up for something, forget to ask for a refund before the trial is over, and before you know it, you’ve got several “memberships” or recurring fees that you don’t even know about, all being taken right out of your account every month. These will add up fast, and can do a lot of damage if they are not caught in time.
3. Superfluous Items.
Even though these items are typically small, they take up a big chunk of your budget. All too often we don’t think about the little, “it’s only a dollar,” items that we see at the store. While each one may be inexpensive, when you add them all up, it can be shocking to see just how much you are spending. The log book of your monthly expenses really comes in handy to see which of these items can be cut from your budget.
By taking the time to see how much money you actually do spend, you can stop overspending before it gets out of control and starts to eat away at your paycheck.
Photo Credits: 1
Originally posted 2008-10-10 05:16:41. Republished by Blog Post Promoter
Related Articles -
Personal Budget Planning /caption] The key to your financial success in life is your own personal money management skills. Your personal money management practices make up your own personal method of reaching both your goals and your dreams. No one likes the idea of personal budget planning, but you will never know if...... -
Teach your Teens to Save Money Teaching your children how to manage their finances is absolutely critical if you want them to be successful at managing their money in the future. More than 80 percent of all parents are led to believe that their children are learning enough about personal finance and money management in school,...... -
Managing Money Wisely /caption] One of the hardest things for many people to accomplish is managing money wisely. We may all know the basics, and understand that spending too much is a good way to get on the road to financial ruin. However, when push comes to shove, we end up making mistakes...... -
Save Money with These 4 Tips /caption] There are ways that you can save money, and all you need to do is learn about managing money wisely to do it. You are not necessarily being frugal, per say, but rather you are learning how to be wise in the decisions that you make. Unfortunately, most people...... -
Is Leasing an Auto a Good Option Right Now? /caption] With the current state of the economy and rising interest rates, many are considering leasing an auto instead of making an outright purchase or financing one. While there are a few benefits that can come through a leased vehicle, this is a decision that will require some careful thought......
Related Sites - Best Personal Finance Reads of March 2009 I love the month of March, not only because it is my birthday month, but also because the weather starts to change for the better and we finally get a hint of spring. To close out the month, I'd like to share with you my favorite reads of the month......
-
Top 3 Things to Learn About Personal Finance Regardless of your age, position in life, or your financial goals, there are a few things that we all need to learn about personal finance. Once you have the basics down, everything else can just flow naturally. These tips are the strong foundation upon which you can build your financial...... - Interview With Personal Finance Columnist Liz Pulliam Weston I recently had both the honor and pleasure of interviewing Liz Pulliam Weston, known to be the most read personal finance columnist on the internet. Ms Weston was also the financial adviser for the FNBO Pay Yourself First Challenge in which five challengers learned to get financially fit. (The Money......
-
Five Ways Fantasy Baseball is Like Personal Finance I had my draft for my fantasy baseball league I'm in earlier this week. I've been in the league with these particular guys now for over five years. It's not a money league but we're real competitive nonetheless. I gotta say I'm real excited! Not only is real baseball starting...... -
Interesting Reads From Fellow Personal Finance Bloggers #14 We hope everyone had a good holiday season. We had a simple and relaxing one staying in, eating our favorite foods (as we had only finished our Thanksgiving turkey a few days before Christmas, we decided to have fish and chips for Christmas), watching our favorite movies (Holiday themed movies......
Tags: bank balance, budget, car loans, enormous problem, expenditures, financial situation, how much money, mortgage payments, overspending, paycheck, sad truth, subscriptions, tens of thousands, unnecessary expenses
Posted in Money Saving Tips, Paycheck to Paycheck, Personal Budget Planning, Personal Finance | No Comments »
February 5th, 2010
Money managers for many are necessary.
If your idea of organizing your finances is throwing a receipt in a big pile, you may want to consider the benefits of hiring a money manager. There is a new trend in the financial world where daily money managers are becoming very popular, and for many consumers, they are very necessary. Let’s take a look at what a daily money manager does and how they may be able to benefit your personal finances.
1. Organize paperwork and receipts.
When it comes to getting your paperwork in order, or keeping a record of all of your receipts, most of us end up failing miserably. Trying to track down little slips of paper is maddening at best, and for those of us with little time on our hands, the task of getting our paperwork organized is simply too much. We put it off and before long you end up with a slew of jumbled papers and you can’t find the one receipt you really need. A daily money manager will catalog all of your paperwork, filing it away and help you keep track of expenditures by organizing your receipts.
2. Paying bills on time.
If your schedule is hectic, or you simply aren’t good about dates, paying your bills on time can be a struggle. A daily money manager can be used to help you make sure that all of your deadlines are met, and that nothing is left unpaid by the end of the month. Once again, for those with a busy lifestyle or an inability to keep everything running smoothly, a daily money manager can be a true financial lifesaver.
3. Mediation.
A daily money manager does not replace an accountant or a lawyer, but they can assist in mediating between their clients and these professionals. For example, if you have filed a claim with an insurance agency, a money manager can assist you in handling the communication with the agency and getting all of your necessary documents together. The vast majority of daily money managers are trained and have backgrounds that include legal, financial, and insurance expertise.
4. Day to Day Basics.
For many of us, the devil is in the daily basics of keeping our finances ordered. Instead of letting things get out of hand for months at a time, a daily money manager can offer assistance in keeping checkbooks balanced, paperwork accounted for and everything you need to have handled in your personal finance life done.
As we get busier as a society, it is clear that there is a definite need for daily money managers. If you do decide to hire a daily money manager to help manage your finances, there are a few things to consider ahead of time. First, you will need to make sure that they are accredited and licensed. This professional will have access to your documents and it is vital to ensure that you can trust them. Look for a major national firm or someone in your local community that you can rely on.
Photo Credits: 1
Originally posted 2008-10-09 05:14:08. Republished by Blog Post Promoter
Related Articles -
4 Things You May Not Know About Budgeting /caption] While most of us understand the basic concept of having a budget and sticking to it, there are many misconceptions about budgeting that keep people from implementing one. Let’s address the most common things that you may not know about budgeting. 1. It’s not that difficult. The prospect of...... -
Save Money by Managing Your Money /caption] There are plenty of ways for you to save money simply by managing it. It does not necessarily mean that you have to be frugal, but rather you simply have to be wise in the decisions that you make. Too many people these days are finding that they were...... -
How Much Money Do You Really Spend? Overspending is an enormous problem for Americans right now and the sad truth is, many of us do not even know we are doing it. If you are finding it hard to make ends meet at the end of the month, or you are desperately waiting for that next paycheck...... -
Defining Your Budget and Crafting Your Financial Future A budget or spending plan is a specific money management tool that is designed to put you in control of your spending, keeping you out of credit trouble and other financial trouble. Your budget is vital because it is your personal plan for spending the income that you have, making...... -
How to Put Together an Emergency Fund /caption] If you are concerned about the state of your finances, your job or if you would just like to have a safety net that will be there to catch you if something goes wrong, an emergency fund is a very powerful tool to have in your financial arsenal. Emergency......
Related Sites - 50 Personal Finance Bloggers To Watch In 2010 Darren Rowse over at ProBlogger.net recently hosted a guest post that gave a list of 30 Bloggers To Watch In 2010. After the post went live Darren gave a challenge to others in the blogosphere to make their own lists of bloggers to watch in their own niches. I decided......
- The Weekend of Nothing (and Personal Finance Links) With the wife out town for what seems to be the 745th straight day, Jake (my new puppy) and I had a weekend of sitting around in a pool of our own slobber. I did nothing and it was everything that I hoped and dreamed it would be. Office Space......
- Link roundup: Mrs. MBH birthday edition Monday was my wonderful wife's birthday. She got most of her presents early. But that's all right. I have a really hard time surprising her because she's very smart. (And not only did I manage to remember it, Wii Fit did too! The animated balance board had a birthday hat......
- Weekend Roundup - Edition #3: Income Ideas, Hydroponic Garden, Expensive Shoes, New Look For Linens Well it is time once again for my weekend roundup. I can't believe how quickly the last week has passed. We've been getting some much needed rain here in Florida and the lawn really needs mowing. On to the roundup: From the Frugal Blog Network this week: Tight Fisted Miser......
- Money Hacks Carnival #61 at The Personal Finance Playbook Money Hacks Carnival #61 was hosted at The Personal Finance Playbook. This edition is dedicated to Earth Day. Here are some of the top picks from the carnival: How to Protect Yourself from Identity Theft and E-mail Scams posted at fivecentnickel.com. Best Small Companies Fair Value Estimates posted at Old......
Tags: accountant, consumers, expenditures, insurance agency, lawyer, lifesaver, mediation, money manager, money managers, necessary documents, new trend, organizing your finances, paperwork, personal finances, receipt, receipts, slips of paper, time on our hands
Posted in Managing Money Wisely, Money, Personal Budget Planning, Personal Finance, Smart Money Ideas | No Comments »
February 4th, 2010
Your appliances are adding to your energy bill.
We live in a digital age and the vast majority of us rely heavily on numerous technological devices to get us through our days. What we may not realize however is just how much these gadgets cost to run. Companies throughout the United States are finding out that they are wasting millions if not billions of dollars overnight in their companies and consumers face the same problem, even if the cost isn’t quite that high.
The energy drain caused by our gadgets is quite significant and can greatly affect a monthly power bill. Here are some tips to help you reduce your power bills, and keep your gadgets from sucking the life out of your wallet.
1. Turn off your computer at night.
Even though it is convenient to let the computer go into sleep mode, it is still using power, even if it doesn’t look like it. Simply turning off your computer can result in big energy savings, since it is one of the biggest culprits when it comes to energy drain.
2. Turn off your monitor.
In addition to shutting down your computer, it is also very important to turn off your monitor. Once again, we’re dealing with a sleeping issue, but in reality, that monitor is pulling quite a bit of juice throughout the night. Many consider monitors, especially CRT’s to be one of the biggest energy drainers in existence and they can greatly impact how much you spend on your power bill every month.
3. Unplug unnecessary items.
Just because a gadget is off doesn’t mean that it is not using power. It is best to unplug any unnecessary items throughout the night, especially if you have several throughout the house. Take a quick inventory of your home and see just how many different things you have plugged in. The amount may surprise you. Try unplugging a few at first and see just how much money you can save. Chances are you’ll be inspired to unplug the rest.
4. Consider rechargeable batteries.
They may not be on your power bill each month, but many of our devices rely on batteries and it doesn’t take long for the costs to mount up. You may want to consider purchasing a battery recharger to help you lower your reliance on new batteries. The initial cost can easily be paid off in a short time with the money you save on your batteries. For Wii owners, the rechargeable remote stations are a big money saver!
5. Less is more.
If you have a copier, fax machine and printer all plugged in, you’re increasing the amount of energy you’re using without doing a thing. Consider getting an all in one machine that will be more efficient. In addition to saving money on your power bill, you’ll also be able to save some space.
We need our gadgets, and as a result, there is a price to pay. How high that price is will depend on how well you implement energy saving techniques throughout your home.
Photo Credits: 1
Originally posted 2008-10-08 05:10:03. Republished by Blog Post Promoter
Related Articles - Save Money with These 4 Tips /caption] There are ways that you can save money, and all you need to do is learn about managing money wisely to do it. You are not necessarily being frugal, per say, but rather you are learning how to be wise in the decisions that you make. Unfortunately, most people......
-
Prepare for Your Retirement Now /caption] If you are young and just beginning a career, then the concept of retirement planning may seem so far away that it is the last thing that you put any consideration into. However if you are on the opposite end of the fence and retirement is just around the...... -
How Do I Plan For Retirement Every working man and woman is entitled to a retirement that is secure and comfortable. Saving and planning for retirement is not necessarily an easy process however because we are living longer and healthier lives in general, which means we need more money to survive retirement than ever before. If...... -
3 Tips for Teen Investing Parents like to complain that their teenage children do not listen to them. However, when it comes to matters dealing with money, the opposite is actually often true. Teenagers often welcome the advice that their parents have to give regarding finances, money management and investments. In the past few years,...... - Save Money by Managing Your Money /caption] There are plenty of ways for you to save money simply by managing it. It does not necessarily mean that you have to be frugal, but rather you simply have to be wise in the decisions that you make. Too many people these days are finding that they were......
Related Sites - Essential Wind Power Facts The truth is, man has been using wind power his work, and propel his travels since the time of the Pharaohs. The Nile River teamed with boats harnessing the facility of the wind for travel. Some one,000 years later, Middle Jap civilizations began using windmills for grinding grain. Throughout......
-
Save Time, Money and Space in Over 80 Ways If you're looking for handy gadgets, tools and various items that can save you time, money or space (or all three!) this list of more than 80 top products is just what you need. Everyone's got saving money on their minds these days. Some of us are always looking to...... - Deep Cycle Batteries Offer Environmentally Friendly, Efficient Power Thanks to increasing interest in reducing carbon footprint and lessening dependence on fossil fuels, the reliable, cost-efficient deep cycle battery is being utilized in more and more environmentally friendly applications. If you've heard of these batteries before, you probably are familiar with their use in storing energy generated by......
-
Needs and Wants in Household Budgeting How much money do you honestly believe that companies are spending on advertising every single year? Sadly, the answer is more than one hundred and fifty billion dollars every single year. The purpose behind all of this spending is to create desire, making us want products and other things that...... - Why The Extra Cost Of A Hybrid Is Worth It. Why is the extra cost worth it? Because it is not all about money. It seems that every day I read somewhere or see on television the complaint of "Well, I won't buy a hybrid because it would take me years and years to make back the extra expense over......
Tags: billions of dollars, consumers, energy drain, energy savings, gadget, gadgets, how much money, power bills, rechargeable batteries, sleep mode, technological devices, united states, wallet
Posted in Money, Money Saving Tips, Personal Finance, Smart Money Ideas | No Comments »
February 3rd, 2010
Mortgage rates are changing - what should you do?
There was big news within the mortgage industry recently as interest rates finally went back below 6%. The reaction was mixed, but the rate did prompt many people to rush to refinance their homes. For those that are stuck with variable rate mortgages, the current situation in the housing market has been volatile to say the least and many consumer advocates have been pushing the need to refinance if at all possible.
This has not been easy for many, especially since interest rates were quite high until this week. Every small drop helps however and the current resurgence for refinances could help bolster the struggling housing market. While much damage has been done, there is still light at the end of the tunnel, despite the decision to take over Freddie Mac and Fannie Mae, two of the US’s biggest lenders.
While there is hope for some borrowers, those in a subprime position may not find it easy to refinance their homes, in spite of the drop in rates. Banks are shying away from this sub-set of borrowers and the specter of foreclosure still looms for many. For those that are unable to refinance, there are steps that can be taken to avoid foreclosure, but they must be taken quickly.
The first step is to determine how to free up enough cash to handle increased mortgage payments. For those that did not plan ahead for a switch to a variable rate, the shock of a much higher payment was a rude awakening. Although thousands knew that their fixed rates were only short term, there was a general lack of awareness of how this would affect them personally.
If you have been switched to a variable rate mortgage and are struggling to make your payments, foreclosure does not need to be the first option. In many cases, the difference in payments can be as small as $50, or as high as several hundred dollars. For those that are living above their means, simply curtailing some additional expenses can free up the funds necessary to make those higher payments.
Other options include getting a second job on a temporary basis until the rates do drop to a point where payments become livable again. For those that do not have the time for this option, selling a car, or other household items may be the best solution.
Today’s news was heartening to many and does show that rates may be on the way back down, at least temporarily. If you can get a refinance plan on a home loan, taking action now may be beneficial. If you cannot seek this type of assistance however there still are plenty of other options available that can help you keep your home, until the economic outlook brightens again. Housing changes and rate fluctuations are normal, and riding out the storm is typically the best solution.
Photo Credits: 1
Originally posted 2008-10-07 05:12:06. Republished by Blog Post Promoter
Related Articles -
What Are Safe Investments? /caption] If you are trying to accumulate wealth, set aside money for the future or you would just like to have a few more streams of income coming in, investments are usually the first thing people turn to. However, the most common question that many people have is what are...... -
How Do Savings Bonds Work? /caption] Savings bonds are a major offering in credit unions and at banks. It is important to know what savings bonds are all about so that you can understand whether or not they will benefit you in any way. This page is going to take you through some of the...... -
Personal Budget Planning /caption] Personal budget planning is an important part of keeping a handle on your finances. Because there is so much turmoil in today's economy, maintaining a healthy personal budget is more vital than ever. Crafting a personal budget begins with determining how money comes in, and how money goes out,...... -
The Danger of Auto Bill Pay As our society gets busier, it’s been increasingly important to automate several aspects of our lives. One of the first areas to be automated was the payment of monthly bills and for many, this is an essential system that helps them avoid late payments. However, there are a few dangers...... - 4 Ways To Get Out of Debt /caption] For thousands of people, the specter of debt is an all too real problem that affects not only their financial life, but the rest of their lives as well. However, there are steps that can be taken to get yourself out of debt, reasonably quickly, despite how much you......
Related Sites - What Does Variable Interest Rate Mean? The variable interest rate is adjustable. It allows the consumer to take advantage of the current economic conditions and pay a lower rate of interest on the loan; however if the economic conditions change the rate may interest. The interest rate for a variable interest loan can be effect by......
-
Are You Building Your Credit, Or Just Going Into Debt? People love to spend money, and they'll come up with any number of reasons that they just NEED to go into debt. They will tell you things like, "I'm only using this credit card so that I can build my credit!". Or, "I'm only buying this new car because they're...... - Fixed-rate mortgage payments, inflation, and investing There were lots of great comments on my recent post about treating mortgage debt just like any other debt, meaning that it should be paid down faster than what is required by the lender.One of the arguments against throwing more money toward a fixed-rate mortgage is that inflation will make......
-
Deciding On The Proper Time To Refinance A House Deciding on the proper time to refinance a house can be a difficult decision. After purchase, years are spent paying down the mortgage to build equity in the house, but sometimes there are financial incentives to refinance the house with a new mortgage. Choosing the proper time to refinance could...... - Having A Hard Time With Your Refinance Or Loan Modification Under The Making Homes Affordable Program? Join The Club. We've written several posts on this site in recent weeks about the Making Homes Affordable program. The program was originally intended to help stem the tide of foreclosures that we're seeing right now, and to help our ailing real estate markets. The program aimed to do this by helping homeowners......
Tags: borrowers, consumer advocates, current situation, fannie mae, foreclosure, freddie mac, housing market, Interest Rates, lack of awareness, light at the end of the tunnel, mortgage industry, mortgage payments, refinance, resurgence, rude awakening, second job, specter, subprime, variable rate mortgage, variable rate mortgages
Posted in Interest Rates, Money, Mortgage, Personal Finance, Second Job | 2 Comments »
February 1st, 2010
Roundup #1
Good morning everyone! Welcome to Loanio’s first ever roundup post. We’d like to thank the blog community for their support. You are the best press releases out there. Then lastly before we start with the links we would like to take a moment to wish everyone a splendid weekend. Take care.
The National Economy:
Stocks:
Peer-to-Peer Lending and Loanio in the News:
Photo Credit: 1
Originally posted 2008-10-05 05:57:12. Republished by Blog Post Promoter
Related Articles -
What Are Legitimate High Yield Investments? In this day and age, everyone is hurting for money, and locating legitimate high yield investments is not easy. Aside from scams, another consideration that needs to be made is the potential return on any investments that you make. Despite the fact that there are many attractive investment opportunities available...... -
Loanio Roundup - Veteran's Edition /caption] Loanio would like to thank all the men and women who have put their lives on the line to protect America's freedom and ideals. Your sacrifices and bravery have been beneficial to many and are greatly appreciated. Below you'll find links to resources, both blog and news articles on...... - Personal Budget Planning /caption] The key to your financial success in life is your own personal money management skills. Your personal money management practices make up your own personal method of reaching both your goals and your dreams. No one likes the idea of personal budget planning, but you will never know if......
-
The Best Small Investments /caption] Wall Street's recent cataclysmic events are still unfolding and the entire planet is feeling their aftershocks. For this reason, interest in what is going on in the stock market is rising quickly, even for those who do not normally understand what the stock market is all about, or what...... - 4 Ways To Get Out of Debt /caption] For thousands of people, the specter of debt is an all too real problem that affects not only their financial life, but the rest of their lives as well. However, there are steps that can be taken to get yourself out of debt, reasonably quickly, despite how much you......
Related Sites - Save Time, Money and Space in Over 80 Ways If you're looking for handy gadgets, tools and various items that can save you time, money or space (or all three!) this list of more than 80 top products is just what you need. Everyone's got saving money on their minds these days. Some of us are always looking to......
- 10 Sites For Writing Articles And Earning Money Welcome dear ! and its happy to hear that you are looking sites for writing articles and to earn money from that work. That's a good idea too ! Because, writing and publishing articles is funny job that even I love too. But that depends on individual interest and abilities.......
- Earning 11.89% Interest By Lending Money At Lending Club. Back in February 2008, I wrote a post titled "Why I Started Lending Money With Prosper And Lending Club" that outlined why I had veered from my savings account mentality into the world of peer-to-peer lending. Basically, I wanted to try to beat the rate that my online bank was......
-
Thinking of Being a Peer Critic? Being a peer critic means using structured procedures to react to and make suggestions about another student's writing. Peer critiquing is an interactive communication process. It involves reading, and thinking together, asking and explaining, talking and listening. Image via Wikipedia When you are a peer critic, you are part of...... -
Weakonomics Web Junction: Target Funds And Bad Money No time to waste, let's jump right in to the editor's choice. Okay okay, we have time for one funny picture, but then editor's choice! There was a lot of good reading around the interwebs this week. Of of my favorite money writers is a fella named Frank who runs......
Tags: asian stock market, borrowers, esignal, growth stock, investing guide, kiplinger, lazy man, Loanio, lots of money, market watch, money stock, national economy, new york times, news center, peer to peer lending, person to person, photo credit, roadmap, smart money, stock pickers
Posted in Loanio | 1 Comment »
January 29th, 2010
Now that we are deep into the first 24 hours of going live, I would like to take a moment to officially kick off the Loanio Blog. For more about our official launch, please click here to view our first press release.
The week leading up to this launch has been a wonderful time for me and my family. My son just turned one, I won $1,000 in the New York State lottery, the Jewish New Year began, and now Loanio has finally launched! However, the week also continued with lots of uncertainty about the future health of U.S. financial markets and economy. I for one am quite confident that things will eventually get back on track, but I believe we have a long road ahead of us. With that said, I suppose you could argue that it is either the best of times to introduce a new “alternative” lending and borrowing platform–like Loanio–or the worst of times. We are passionate about the former and we hope you are too.
At this time, I wish to thank everyone who has been supporting this project from day one. The development of this website has been a very long, complex, and winding journey–it simply would not have been possible without them.
I am extremely excited and bullish on the future that is ahead for Loanio and the rest of the peer to peer lending community. I invite you to join us toward the goal of bringing these great alternative borrowing and lending vehicles to everyone.
Michael Solomon
CEO and Founder
Originally posted 2008-10-02 07:55:23. Republished by Blog Post Promoter
Related Articles -
How Do I Plan For Retirement? One of the most common questions people have is how do I plan for retirement? Whether you’re looking at retiring in five years or thirty five, it is important to come up with a plan that will provide you with more than enough to live comfortably. It is no longer...... -
Is Some Debt Good For Your Credit? /caption] There is no doubt about this, first of all: Getting into debt is more than capable of getting you into trouble. Although there is definitely a large downside to debt, borrowing money can also do you some good. Some debt is actually good for your credit, but only if...... -
Loanio Roundup - P2P Lending and More /caption] Good morning readers and welcome to another edition of Loanio's weekly roundup. Below you'll find several great articles under the categories of small business, the economy, p2p lending, and investing. We hope you find them helpful and interesting. The Economy: Smart Money says Traders are Cautious After Mixed Economic...... - 4 Ways To Get Out of Debt /caption] For thousands of people, the specter of debt is an all too real problem that affects not only their financial life, but the rest of their lives as well. However, there are steps that can be taken to get yourself out of debt, reasonably quickly, despite how much you......
- Loanio Roundup - Veteran's Edition /caption] Loanio would like to thank all the men and women who have put their lives on the line to protect America's freedom and ideals. Your sacrifices and bravery have been beneficial to many and are greatly appreciated. Below you'll find links to resources, both blog and news articles on......
Related Sites - Lending Club Reviewed Over the last 18 months, I've spent more than a few words on peer-to-peer lending. Most of that has been about the first to market Prosper. Readers have occasionally asked me about Lending Club. I couldn't give them my opinion for a few reasons. Lending Club launched the site as......
- Prosper Relases site Redesign and Other Features -- One Bug Found So Far. Here is the official announcement (here is a link to it on the forum: http://forums.prosper.com/index.php?showtopic=22667) Hi everyone, Tonight we released another update to the site. Without further ado... Site redesign The overall visual design of the site has been overhauled. The main pages have also been reconfigured to simplify the......
- How does $2,500 from Lending Club sound? Aww, shucks! This contest has expired. But if you have excellent credit you can still get great rates if you borrow from Lending Club! You could get enough funds in your Lending Club account for one hundred peer to peer loans -- if you just happen to be Lending Club's......
- Peer To Peer Lending: Lend Money And Invest A while back, I covered the world of social lending, when I was relatively new to the whole peer to peer lending premise. Now that I’ve become much more familiar with it, and have had some time to see how things operate in this field, I’ve decided to review......
-
55 Pounds in 10 weeks… 2.3 Pounds this Week In all honesty I had expected to lose just a touch more weight this week. I was pretty good on the eating front... I know I didn't get as much exercise as I had anticipated (there are fires causing very smoky conditions and a health warning all around the San Francisco......
Tags: blog, ceo, economy, financial markets, future health, jewish new year, journey, launch, Loanio, michael solomon, new year, new york state, new york state lottery, peer to peer lending, press release, uncertainty, wonderful time, york state lottery
Posted in Loanio | 3 Comments »
January 17th, 2010
Does debt improve credit?
There is no doubt about this, first of all: Getting into debt is more than capable of getting you into trouble. Although there is definitely a large downside to debt, borrowing money can also do you some good. Some debt is actually good for your credit, but only if you understand why, and how much debt is good in comparison to when your debt has become too much.
With the help of credit, you can achieve some of your financial goals. Debt allows you to take advantage of experiences and opportunities that enhance your life, like buying a car or purchasing your dream home, going to the best school or taking a cruise around the world. Getting the true value out of your credit has to do with developing a spending plan that allows you to get there in the time frame that you have set, without ruining you financially.
With the help of credit, you can send a message to potential lenders. If you have never had any debt, then you have never used credit before and will not have a credit score or a credit report to speak of. In today’s world, however, it is difficult if not completely impossible to live without credit, because credit is vital for purchasing most big ticket items, like higher education, vehicles and homes. Credit is also heavily relied upon for the purpose of preparing for life’s emergencies. For all of these reasons, having a good credit reputation is going to show potential lenders that you are a good and healthy credit risk by showing that you can handle a little bit of debt. By showing your capability to repay debt, you can put yourself in a good position to attract creditors offering favorable terms and rates.
Credit and debt are also capable of giving people a sense of how responsible you are. If you had no debt or credit history, you would find yourself being disadvantaged in other ways. Should a prospective employer check your credit record and come up empty for example, they may find this strange, and not want to hire you. Without a credit record, employers, lenders and other individuals lose out on a potential way to appraise who you are. Debt and credit are important for getting an apartment, applying for car insurance, buying a home, even sometimes renting a car. Even if you can afford to do some of these things, using debt and credit to create a history of how you handle money is an advantageous option in favor of just using cash for everything. Credit is not only a tool for extra income, but it is also a way to show lenders, employers and other individuals how responsible you are when it comes to borrowing, spending and repaying your money.
Photo Credits: 1
Originally posted 2009-01-19 05:45:46. Republished by Blog Post Promoter
Related Articles -
To Borrow or Not to Borrow against a 401K Question - Because of the credit crunch, is this a good time to consider borrowing against a 401(k) savings as a means of paying off other loans? My current 401(k) planning investment return is 5 percent, and the interest I will be paying on it is 9 percent. /caption] Answer...... - Personal Budget Planning /caption] Personal budget planning is an important part of keeping a handle on your finances. Because there is so much turmoil in today's economy, maintaining a healthy personal budget is more vital than ever. Crafting a personal budget begins with determining how money comes in, and how money goes out,......
- Managing Money Wisely /caption] One of the hardest things for many people to accomplish is managing money wisely. We may all know the basics, and understand that spending too much is a good way to get on the road to financial ruin. However, when push comes to shove, we end up making mistakes......
- What Are Legitimate High Yield Investments? In this day and age, everyone is hurting for money, and locating legitimate high yield investments is not easy. Aside from scams, another consideration that needs to be made is the potential return on any investments that you make. Despite the fact that there are many attractive investment opportunities available......
- Do You Need a Money Manager? /caption] If your idea of organizing your finances is throwing a receipt in a big pile, you may want to consider the benefits of hiring a money manager. There is a new trend in the financial world where daily money managers are becoming very popular, and for many consumers, they......
Related Sites - Even more ways to save money, and some I dont agree with. Of course, everyone is always looking for a few ways to save a buck. And most everyone has their own secret little system to try to get the most for their dollar. Over at MoneyCentral, they have an article up that has 20 ways to save money "on a shoestring"...meaning......
-
Getting Out of Debt Quickly pt 2 This is part 2 of a 4 part series on getting out of debt quickly. Make sure that you read all four parts in order to get the most out of this sequence of hints on getting yourself or your family out of the debt trap. Next you are going...... - Eliminate Credit Card Debt Have you recently decided to eliminate credit card debt from your personal finances? Although it may seem like a lofty idea, you should know that it is definitely an achievable goal. You just have to come up with a game plan to will get you where you want to go.......
- Credit Card Debt Elimination: Reduce Your Debts In Easy Manner Credit card debt elimination is all about making a plan to eliminate debts completely. For most of the people it is like mission impossible. But now it is quite possible with the help different steps available to eliminate your debts in no time. There are numerous options available that assist......
-
Paying off Debt in 9 Steps pt 2 Part two in the series on paying off debt: Throwing away your bills and shredding your credit card payment reminders simply is not going to make the problem go away. Debt is going to hover over you until you find a way to deal with it. Interest will continue to......
Tags: big ticket items, borrowing money, credit history, credit reputation, credit risk, credit score, creditors, cruise around the world, downside, dream home, education vehicles, emergencies, favorable terms, financial goals, higher education, lenders, no doubt, prospective employer, time frame, true value
Posted in Credit, Debt, Finance Goals, Loanio, Money, Personal Finance | No Comments »
