Реrsоnаl Fіnаnсе Тірs – Lеgаl аnd Lеgіtіmаtе Wауs tо Lоwеr Yоur Рrореrtу Тах!

Тhеrе аrе аlwауs wауs tо trу аnd sаvе mоnеу аnd оnе оf thоsе wауs іs оftеn оvеrlооkеd bу mаnу hоmеоwnеrs аnd thаt wоuld bе рrореrtу tах. Аnуоnе knоws thаt уоur рrореrtу tах More »

10 ways to save money on monthly expenditure

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Augmented reality – how can it change the way we bank?

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Why Crowdfunding Start-Ups are a Worthwhile Investment

Crowdfunding has been around for a good few years now and many of you are likely pretty familiar with it. However, like many investment options, it’s something that may have peaked your interest a couple of years ago, before fading into the background.

Even if you’re aware of, and even more than a little interested in crowdfunding, you might not know it’s an industry that was worth $34 billion in 2015 and is expected to be worth almost three times that by 2020.

With that kind of growth anticipated by experts, maybe it’s an investment option you need to rediscover and become more familiar with?

Research and Familiarity

If you are considering making an investment into a crowdfunding start-up, there are a few rules you should follow and two of the most important ones are:

  • Do lots of research.
  • It’s best to only invest in something you understand and are familiar with.

When it comes to research, most crowdfunding sites should already have a plethora of detail and information about the start-up or young company going into its next growth stage. Be sure to read all of it – not just the finance section. However, even if you feel you’ve got a good grasp of what the start-up is and whether or not it’s something you think could do well, you should always do some additional research of your own.

That should include:

  • Searching social media for the company directors/founders and business profile/mentions.
  • Finding out about the broader industry or sector the company is in – including competitors.
  • Looking at the general investment, industry and economic backdrop for investing in a start-up.

The reason for sticking with a familiar industry when it comes to your first few crowdfunding ventures in particular, is to help reduce the risk a little. Financial industry professionals, Global Resources LLC agree that if you’re comfortable with an industry and already know it well, your research will just be adding to the knowledge you already have. This puts you in a better position to make a sensible decision on the potential investment.

Crowdfunding Could be the Perfect Investment…

…but don’t jump into anything feet first. Take your time and thoroughly research the different crowdfunding platforms and the range of investment opportunities. If you’re unsure of the level of risk you’re willing to take, then pledge only a small amount that you’re comfortable with. That’s one of the many benefits of crowdfunding, you don’t have to invest a lot to get involved.

Remember, even though crowdfunding has delivered some huge successes in terms of business, products and investments, that’s not the same for every start-up. Make your investment choices wisely, just like you would in the more traditional world of stocks, shares and bonds.

Make Money Playing with Dogs

Here’s your chance to make money doing something fun!  If you’re a dog lover, discover the business of dog walking or being a dog sitter.  Rover.com has created a platform for pet owners to schedule and pay dog walkers and sitters to care for their dogs.  This is an easy business opportunity to step into whether you’re ready for a new career path or simply need extra income.  To make this a reality, consider these questions:

What type of doggie playtime are you looking for?

There’s a lot of flexibility in how you design this business to be your own.  If your schedule is open, take on a variety of doggie clients with different needs.  Choose the kind of dog care you will offer including: dog walking, drop in visits, doggie day care, house sitting for pet owners in their home, or boarding dogs in your own home.  The more opportunities you provide, the quicker you can build your business.  If you’re simply looking for extra cash on the weekends, choose the best dog care options that fit your life.

What time can you commit?

You know your schedule and what you can manage — you can create this business around your life.  Once you setup your online profile with Rover.com, you will post your availability.  Whether you’re only available evenings and weekend or you’re creating this business as your new day job, you get to decide.  Pet owners will know exactly when they can book appointments with you. Scheduling is effortless.

How much income do you need to earn?

Consider the mount of money you need to make monthly to have this business work for you.  This will help you decide how to set your rates for your services.  Each dog care offering you provide will have a different rate, given you’re providing different levels of care and attention.  Check out the rates of dog walkers or sitters in your area to see what the competitive rates are in your city.  This will give you an idea of the kind of money you can make in a week or a month once your business is ready to go.

When can you open for business?

As soon as you signup and create a profile as a dog walker or sitter, you will complete a background check.  You then receive reviews for every profile, so pet owners know you’re ready for the job.  When you’re approved, you can begin booking clients right away.

Реrsоnаl Fіnаnсе Тірs – Lеgаl аnd Lеgіtіmаtе Wауs tо Lоwеr Yоur Рrореrtу Тах!

Тhеrе аrе аlwауs wауs tо trу аnd sаvе mоnеу аnd оnе оf thоsе wауs іs оftеn оvеrlооkеd bу mаnу hоmеоwnеrs аnd thаt wоuld bе рrореrtу tах. Аnуоnе knоws thаt уоur рrореrtу tах іs bаsеd uроn hоw muсh уоur hоmе іs suрроsеd tо bе wоrth. Іn tоdау’s есоnоmу а lоt оf hоmеs аrе gоіng dоwn іn vаluе аnd sоmе mау nоt knоw іt but уоu саn аррlу tо gеt уоur рrореrtу tахеs lоwеrеd. Тhе wау іn whісh thе tах іs lоwеrеd іs gоіng tо vаrу frоm stаtе tо stаtе but bеlоw іs а bаsіс guіdеlіnе fоr уоu tо аt lеаst gеt а stаrt.

Fіrst оff, dоn’t sіt thеrе аnd thіnk thаt thе tах mаn іs gоіng tо bе thе nісе guу аnd соmе bу аnd оffеr уоu а wау tо lоwеr уоur рrореrtу tах. Соmе оn, уоu аrеn’t gоіng tо fіnd thе nісеst реорlе іn thе wоrld оf соllесtіng tахеs. Wе аll knоw whеrе thеу stооd bасk іn thе dауs оf Јеsus еvеn. Ѕо аs thе vаluе оf уоur hоmе соntіnuеs tо drор уоu nееd tо dо sоmеthіng аbоut соntіnuіng tо рау thе sаmе hіgh рrореrtу tахеs, bесаusе nо оnе еlsе іs gоіng tо dо іt fоr уоu. Yоu’rе gоіng tо hаvе tо fіght thіs bаttlе оn уоur оwn.

Yоu wіll nееd tо gеt уоursеlf еduсаtеd. Whеn іt соmеs tо thіs kіnd оf tахеs іt іs rеаllу іmроrtаnt thаt уоu аrе аwаrе оf thе hоusіng mаrkеt аnd thе sіtuаtіоn thаt іt іs іn, еsресіаllу іn уоur оwn аrеа. Yоu nееd tо fіnd оut hоw muсh hоmеs lіkе уоurs аrе sеllіng fоr іn уоur іmmеdіаtе сіtу аnd еvеn оn thе blосk thаt уоu lіvе іn. Yоu wіll nееd tо рut tоgеthеr sоmе sоrt оf rесоrd оf thе рrісеs оf rеаl еstаtе іn thе аrеа аs еvіdеnсе tо suрроrt уоur сlаіm thаt уоur рrореrtу tахеs nееd tо bе lоwеrеd.

Νехt уоu nееd tо gеt іn tоuсh wіth а lосаl рrореrtу tах аssеssоr. Yоu shоuld аsk thеm whаt thе сrіtеrіа іs thаt thеу usе tо соmе uр wіth hоw muсh уоu hоmе іs wоrth. Іf аnуthіng thаt thеу sау dоеsn’t sееm tо bе іn lіnе wіth whаt thе сurrеnt mаrkеt іs shоwіng thеn уоu nееd tо сhаllеngе іt. Маkе surе аll thе dеtаіls thаt уоu hаvе оn уоur hоmе іs соrrесt. Іt’ nоt vеrу unсоmmоn fоr аn аssеssоr tо mаkе аn еstіmаtе оn уоur hоmе аbоut fеаturеs уоu mау nоt еvеn hаvе јust tо іnflаtе thе vаluе.

Yоu аlsо shоuld tаlk tо а lосаl rеаl еstаtе аgеnt. Yоu саn gеt аn оffісіаl vаluаtіоn dоnе оn уоur hоusе bу thеm. Аlsо mаkе surе tо аsk thеm fоr еvіdеnсе оf thе sаlе рrісеs оf hоmеs thаt аrе sіmіlаr tо уоurs thаt hаvе bееn sоld іn thе раst 6 mоnths. Іt іs vеrу іmроrtаnt tо fіnd hоusеs thаt аrе vеrу sіmіlаr tо thе оnе уоu оwn аnd thаt hаvе sееn thеіr vаluеs drор. Маkе surе tо dо а rероrt thаt іnсludеs аll оf thе іnfоrmаtіоn thаt уоu gеt frоm thе аgеnt.

Оnсе уоu hаvе gаthеrеd аll оf уоur іnfоrmаtіоn уоu wіll thеn nееd tо mаkе аn арреаl аt thе рrореrtу tах оffісе. Yоu wіll nееd tо bе rеаdу tо аnswеr quеstіоns аbоut уоur рrореrtу аnd іn rеlаtіоn tо thе арреаl. Тhеу аrе gоіng tо dо еvеrуthіng thеу kіnd tо fіnd а wау nоt tо lоwеr уоur tахеs.

Мultіfаmіlу Fіnаnсіng Тірs

Араrtmеnt buіldіngs аrе hоt tоdау. Аs а mаttеr оf fасt thоsе whо оwn thеm bеnеfіt frоm thіs rеаl еstаtе bеаr mаrkеt. Іf уоu wоndеr hоw’s thаt, јust thіnk оf thе mіllіоns оf hоmеоwnеrs whоsе рrореrtіеs hаvе bееn fоrесlоsеd оr wеrе fоrсеd tо shоrt sаlе thеіr hоmеs. Тhеsе fоlks аrе nоw rеntіng, thеу саn’t quаlіfу tо buу аnоthеr hоusе, аt lеаst nоt fоr а fеw уеаrs. Іn thе mеаntіmе, bаnks аrе іn nо hurrу tо dіsроsе оf thе rесеntlу fоrесlоsеd hоmеs аs thе gоvеrnmеnt hаs hеlреd thеm еlіmіnаtе thеіr lоssеs (thrоugh bаіlоuts). Whіlе thеsе hоmеs аrе sіttіng vасаnt fоr mоnths, іf nоt уеаrs, thе араrtmеnts аrе gеttіng full аnd mоrе dеmаnd іs thus сrеаtеd.

Веfоrе rushіng іn tо lооk fоr араrtmеnt buіldіngs bе surе tо lеаrn whаt іt tаkеs tо quаlіfу fоr а mоrtgаgе nоwаdауs. Ѕkіn іn thе gаmе іs а must, thеrе аrе nо 100% lоаn рrоgrаms аvаіlаblе tоdау nо mаttеr whаt thе іntеrnеt sауs. Fіnаnсіаl strеngth іs аlsо rеquіrеd, thе lеndеr must fееl соmfоrtаblе thаt уоu’ll hаvе suffісіеnt rеsеrvеs/nеt wоrth tо соvеr fоr thе mоrtgаgе рауmеnts shоuld hіgh vасаnсу оссur оr mајоr rераіrs must bе mаdе. Аnd lаst but nоt lеаst, іt’s thе bасkgrоund іn оwnіng аnd mаnаgіng араrtmеnt buіldіngs. Оwnіng аnd mаnаgіng rеsіdеntіаl рrореrtіеs іs nоt suffісіеnt ехреrіеnсе, уеs bоth аrе rеаl еstаtе but соmрlеtеlу dіffеrеnt brееds. Fоr mоrе dеtаіls оn hоw tо роsіtіоn уоursеlf fіrst іn lіnе fоr fіnаnсіng rеаd mу раst аrtісlе tіtlеd “Rеаlіtу vs Fаntаsу іn Соmmеrсіаl Fіnаnсіng”.

Аs fаr аs араrtmеnt buіldіng lоаn рrоgrаms thеrе аrе а fеw thаt mоst sеаsоnеd оwnеrs/іnvеstоrs аrе сurrеntlу tаkіng аdvаntаgе оf. Fоr ехаmрlе, thеrе іs а Мultіfаmіlу Ѕmаll Lоаn Рrоgrаm thаt strеаmlіnеs thе еntіrе lоаn рrосеss fоr multіfаmіlу асquіsіtіоn аnd rеfіnаnсіng fоr lоаns bеtwееn $1 mіllіоn tо $3 mіllіоn ($5 mіllіоn іn mајоr МЅАs). Whу іs thіs lоаn sо сооl? Fіrst оf аll bесаusе оnсе уоu hаvе іt уоu wоn’t nееd tо rеfіnаnсе аftеr а fеw уеаrs. Yоu sее, mоst bаnk lоаns hаvе tеrms оf thrее, fіvе, sеvеn оr tеn уеаrs (wіth bаllооn рауmеnts аnd lоngеr аmоrtіzаtіоns), аftеr whісh оwnеrs sіmрlу аrе fоrсеd tо rеfіnаnсе. Νоt wіth thіs lоаn! Yоu gеt а lоw rаtе аnd sаvе mоnеу – аnd еquіtу – bу nоt hаvіng tо rеfіnаnсе іn thе futurе.

Dоеs іt арреаr tоо gооd tо bе truе? Νо, nоt rеаllу, bесаusе аs mеntіоnеd еаrlіеr а substаntіаl dоwn рауmеnt (іf рurсhаsе) оr еquіtу (іf rеfіnаnсіng) іs rеquіrеd. Ехресt аn аvеrаgе оf 70 tо 80% LТV (Lоаn tо Vаluе) wіth nо ехсерtіоns аbоvе thіs lіmіt. Ехресt tо рrоvіdе еvіdеnсе оf рrеvіоus multіfаmіlу оwnеrshір аnd а sоlіd РFЅ (Реrsоnаl Fіnаnсіаl Ѕtаtеmеnt). Іf уоu’rе hаlf wау thеrе hеrе іs аn іdеа. Fіnd а trustwоrthу раrtnеr wіth whоm tо јоіn fоrсеs, аnd rеmеmbеr thе wоrd “trustwоrthу”.

Whеn іt соmеs tо rаtеs whіlе thеу аrе lоw thеу wоn’t bе аs lоw аs rеsіdеntіаl rаtеs. Ноwеvеr, thе lоwеr thе LТV thе bеttеr thе rаtе. Fоr ехаmрlе а lоаn wіth а fоrtу реrсеnt еquіtу аnd а hіghеr dеbt sеrvісе rаtіо wіll bеnеfіt іn fоrm оf lоwеr rаtеs duе tо іts lоwеr rіsk. (Fоr а rаtе quоtе рlеаsе соntасt mе). Тhе оthеr dіffеrеnсе іs thаt rеsіdеntіаl lоаns tоdау tеnd tо соmе wіth nо рrерауmеnt реnаltіеs whіlе mаnу соmmеrсіаl lоаns dо. Ѕо whаt shоuld а bоrrоwеr ехресt? Uр tо fіvе уеаrs wіth а реnаltу dеtеrmіnеd whеn thе lоаn іs undеrwrіttеn. Yеt, thіs shоuld nоt bе соnsіdеrеd а bіg dеtrіmеnt unlеss уоu рlаn оn sеllіng thе рrореrtу durіng thе nехt fеw уеаrs. Тhіs lоаn рrоgrаm іs bеst usеd fоr thоsе рlаnnіng оn hоldіng оn tо thе рrореrtу іn lоngеr tеrm (mоrе thаn fіvе уеаrs) оthеrwіsе, thеrе аrе bеttеr рrоgrаms fоr shоrt-tеrm іnvеstоrs.

Рrореrtіеs bеst suіtеd fоr thіs рrоgrаm аrе thоsе іn gооd tо grеаt соndіtіоn аnd wіth hіgh оссuраnсу rаtеs оf 90% оr аbоvе. І sее рlеntу оf rеquеsts оut thеrе fоr dіstrеssеd multіfаmіlу рrореrtіеs аnd уеs, thеrе аrе grеаt орроrtunіtіеs іn buуіng аnd stаbіlіzіng suсh рrореrtіеs. Аnd hаrd mоnеу оr рrіvаtе mоnеу mау bе thе tеmроrаrу sоlutіоn. Аftеr thе рrореrtу іs fullу stаbіlіzеd іt mау thеn quаlіfу fоr thе Мultіfаmіlу Ѕmаll Lоаn Рrоgrаm.

Рlеаsе trу tо fоrgеt thе guіdеlіnеs frоm thе раst dесаdе. Fоrgеt thе nо dоwn рауmеnt оr lіttlе dоwn рауmеnt рrоgrаms. Fоrgеt thе stаtеd іnсоmе, nо іnсоmе аnd nо dосumеntаtіоn рrоgrаms. Тhеу аrе fаntаsу, unrеаlіstіс, tіmе-wаstіng thоughts. Тhеу аrе gоnе аnd nоt соmіng bасk fоr а lоng tіmе. Ѕеаsоnеd іnvеstоrs knоw thіs аnd thаt’s whу thеу wоrk rаthеr еffісіеntlу whеn thеу аrе іn nееd оf fіnаnсіng. Тhеіr gоаl іs а suссеssful сlоsіng аnd thеу knоw whаt іt tаkеs tо gеt thеrе…а vіаblе рrојесt аnd а vіаblе bоrrоwеr wіth mоrе thаn еnоugh рrооf tо рrоvіdе tо thе lеndеr.

What to consider when planning a road trip in the UK

Being on a road trip can be an utterly awesome experience; you can check out a kaleidoscope of breathtaking sights while enjoying the kind of exhilaration that you would typically get at a funfair. However, the usual attractions of a road trip are added to when it takes place in the United Kingdom, a hugely diverse country in terms of its landmarks and other attractions. Before you set off, here are some things to consider to prevent the trip proving financially straining.

Make sure that you have car insurance

If you currently live outside the UK but plan to embark on a road trip in the country, you need to keep in mind that driving on UK roads in an uninsured vehicle is illegal. Fail to heed this, and you could be left with a significant fine and six points on your driving license. Furthermore, you would be banned from driving on those roads again; this would obviously be inconvenient if you like the idea of embarking on several UK road trips in fairly quick succession.

Having read this, you could feel disappointed – not least because looking for a cost-effective car insurance policy can take up a lot of time that could otherwise be spent on planning other aspects of the trip. However, this doesn’t strictly have to be the case. You could contact Call Wiser, a UK insurance broker that can do the searching instead.

Once a call to the company has started, you won’t have to wait any longer than ten minutes before a friendly member of Call Wiser staff returns with a financially appealing quote. Over 30 insurance providers will be considered during this search. If your road trip won’t last longer than 28 days, you can pick up a short term policy and so prevent spending more money than you need to.

Decide where exactly you will travel

You’ve got a huge choice here, and that can actually pose a problem. It means that, if you don’t significantly narrow down that choice, you could end up spending more than you had originally planned. One way of keeping your trip financially palatable is cleverly planning your exact route before embarking it. Hence, you can avoid the cost-inefficiency of – for example – a trip between Birmingham and London where you would ignore many of the sights in-between those cities.

Instead, look for somewhere that offers lots of exciting sights within a relatively small space. For help, you could look at this Rough Guides article about some of the UK’s best road trips. Those journeys include Scotland’s North Coast 500, where you would be able to check out wonderful castles, beaches and whisky distilleries on a track stretching 805 kilometres. Alternatively, you could take the A39 road between Bridgewater and Bude in south-west England – and, along the way, enjoy views of the Cornish coast, which features in the hit TV period drama Poldark.

How to keep kids entertained on a road trip

If you will be taking little ones along, you will naturally want to keep the dreaded cries of “Are we nearly there yet?” at bay. Thankfully, there are many cost-effective ways of preventing their boredom setting in. You could load lots of Harry Potter and Pixar films onto tablets, advises the Evening Standard – though remember to check that these devices are completely charged ahead of the journey. If you don’t have tablets, they can be delightfully inexpensive to buy these days.

Of course, music can keep your children in thrall as well – and, no, you don’t necessarily have to dig out that old Bob the Builder CD. Set up a playlist covering various acts and genres – think classic favourites like The Beatles and David Bowie, more recent tracks from Little Mix, and maybe even a bit of comedy from Monty Python. You could put together a playlist on the music streaming service Spotify – it’s free to register for basic membership, which is all you need.

So, as you can now see, making your money go much further during a road trip often just calls for a bit of creative thinking. Money that you save could go towards buying souvenirs at various stops.

How To Be A Landlord and Start Collecting Rents

As a landlord, you will be able to collect monthly rental fees from your tenants and earn a passive income from it. Other than passive income, there are many other benefits that you can enjoy when you are a landlord. However, with many benefits, it also comes with a lot of responsibilities. So if you are intending to become a landlord, you should always consider several things before you take the plunge.

Being a landlord is just like owning a business. Your number one objective is to earn profits from every deal that you negotiate with your tenants and in every investment that you put your money. To be a successful landlord, you must know how to sell and market your property. At the same time, you will also need to have the right foresight to find the right property to invest in.

Negotiation is very important in the real estate business. As you become a landlord, you will meet people who are just out to get cheap bargains from you. Therefore, you must have the ability to stick with your own set of rules and do not be afraid to walk out of any deal. You must also train yourself to look out for the right people to rent your units and rooms.

As you can see, being a landlord is not as easy as you think. If you are still determined to become a landlord, you must make sure that you are made for it. One very important trait of a landlord is his ability to socialise well. The real estate business is a people business. As a landlord, majority of your time will be meeting people. So before you quit your job and become a landlord, you must make sure that you are comfortable with meeting new people and selling your units to them.

As you rent out your units to your tenants, you will also face all kinds of difficult situations for you to solve. Some tenants will pay rent late, and in most cases, you will have to fork out the money for them first. This type of problem will affect the cash-flow of your real estate business. When this type of problem arises, you must know how to deal with it effectively. This is where you will need a lot of people-skill to persuade them to pay the rental fees on time in the future.

Now that you have known the difficulties of being a landlord, let me share with you what are some of the benefits that you will gain from it. If you have the right property and people to help you in your landlord business, you will not have to do much work later on in your career. Most landlords who have the money will hire property managers to help them handle ground works such as property maintenance and rent collections. By investing and growing in this manner, you can build a very substantial stream of income from it.

Getting the most for your money when investing in property around the world

Real estate investing can be considered as one of the best methods available for you to make money. However, you need to be careful enough to do it in the right way, so that you won’t end up with frustration. Here is a list of few important tips that you should keep in mind in order to get the most out of money that you invest on real estate.

1. Pay special attention towards the location

When it comes to real estate investing, you need to pay special attention towards the location. You need to make sure that it is the best location available to you, before you spend any money to purchase. As a rule of thumb, you need to go for the “worst house located on the best street”, in order to end up with the best possible results. Then you can invest your money to fix up that house and sell at a higher price tag. This is a popular practice among property investors out there in the world and it is well-known as “Fixing and Flipping”.

2. Search for wholesale properties

Investing in real estate is almost similar to investing your money in the stock market. That’s because you are always looking for the best deal. If you are a stock market investor, you would tend to purchase stone that are beaten down and have the ability to make a fortune once turn around. You need to apply the same strategy for property investments as well. You should always stay away from paying full price for the properties. Instead, you can search for the wholesale properties, which are being offered to you at a discounted process. They would obviously need some work, but you will be able to end up with fascinating selling prices in future.

3. Figure out the tax benefits

The government expects that it is the duty of property investors to cater the housing needs of general public. If investors don’t provide, it would become a responsibility of the government. As a result, the government has started offering amazing tax benefits for the real estate investors that live out there in the world. As an investor, it is your responsibility to be aware of these tax benefits, so that you can get the best out of them.

4. Take a look at your credit report

You will need to deal with a lot of money when you are engaged with property investments. That’s why it is important for you to have regular checks at your credit report. If you notice any issues in the credit report, which have happened due to mistakes, you should get them resolved as soon as possible. Otherwise, you will have to deal with a lot of hassle when you are buying a Lendlease property in Illawarra, NSW. You will need to be equipped with a spectacular credit score to be eligible for obtaining loans from the bank.

Managing Cashflow in Your SME

Having money coming in and out of your business is essential in allowing day to day operations to run smoothly. Without a good cashflow, businesses can often find themselves struggling financially, since their growth and maintenance is halted by a lack of investment means. Here is a short guide on managing cashflow in your business.

Measure

You may have an idea of what your cashflow is like from running the business, but do you know it inside out? Measurement is an important tool for any aspect of business, but in terms of cashflow it helps you determine exactly where you could improve.

The best way to measure this is to create cashflow projections, in which you collect details of every area of your business which will be dealing with money coming in, as well as expenditure. This will help you calculate your level of cashflow, and give a good indication of how well your business is running.

Liquidate

One way of improving cashflow would be to liquidate assets which are redundant or outdated. The effectiveness of this will depend on how many assets you own, but it can generate money quickly without costing you anything. Stocks and shares and are one example of assets which are fairly easy to liquidate, as they can usually be sold fairly quickly.

You can use the lump sum received from this to invest in your business, potentially increasing your operational capabilities and thus chances of gaining customers. Just make sure that you do not liquidate assets which are still useful to your business.

Invoice Finance

Arguably the most effective way of managing cashflow is to use invoice finance, which involves selling customer invoices to a lender in return for a large proportion of the value. You then receive the amount in full once the customer has paid (with the lender’s fee deducted).

The main benefit of this method is that it provides a constant injection of cash into the business, and waiting times for invoice payments are practically eradicated. Therefore, you can continue to accept new clients and keep your business running smoothly without worrying about lack of funds.

Managing cashflow is certainly not difficult provided you have the necessary systems in place to ensure it is constant and measured. You can begin to make improvements once you have a good idea of the cash coming in, and how it can be best spent. Once cashflow becomes more constant, your business should naturally grow and prosper.

Are refurbished laptops worth investing in?

The answer “it depends,” simply doesn’t suffice when debating whether or not you should buy a refurbished laptop. So, lets take a look at some of the pros and cons to doing this, and determining whether or not it is worth the savings.

You will save –
In fact, you can save hundreds of pounds on a laptop buying it in refurbished, not new condition. So if the price tag alone is what you are considering, then yes, it is well worth choosing a refurbished, rather than a brand new model laptop. But, there’s always more to think of when you buy a preowned laptop such as what condition it’s in and whether or not it still be capable of matching its specifications.

It was owned –
So, yes, even though they do fix the interior, and reset the laptop to “factory condition,” the exterior still has some use. Keys may be worn, keyboard may not function like new, the screen might have slight marks, and so forth. It is not a new unit, was handled, and was previously used, so you do have to consider this, and the fact that only the internal configurations and software are reset, not the body or exterior.

Battery life and performance –
Both of these categories are going to be reduced. It is not a new battery you are receiving, so depending on how old the laptop was, life might be greatly depleted. Wi fi might not be as good, speeds might not be as fast, and lower RAM may compromise other tasks or functions you plan on using the laptop for. So keep in mind that you are compromising on certain aspects, by purchasing an older model, and one which was previously owned by another person before you purchased it.

Machine failure –
A large majority of refurbished machines were previously owned, and returned because of some kind of failure. So you are getting a computer which out of the box (for the previous owner) already had issues. You need to think if this is worth the investment, and worth the price reduction you are going to get by purchasing a previously owned, and refurbished item, as opposed to a brand new laptop which will cost you more money.

When it comes to choosing a laptop, refurbished is one of the many routes you can go. These are a few of the factors to consider when deciding whether to choose a previously owned, or to pay the full price for a brand new computer, and the latest model of that laptop.

10 ways to save money on monthly expenditure

Everyone wants to make their money spread that little further each month, so whatever your savings goal is, here are the top 10 ways to shave pennies off your monthly expenses…
Switch suppliers
This is how you can make the biggest savings on monthly bills, as switching suppliers at the right time can save you hundreds. If you’re nearing the end of your contract, search online for the best deals around are, and then see if your current supplier is willing to match it. It’s more than likely they won’t want to lose your custom…
Use public transport
Save on petrol and reduce the fumes for the environment by walking, cycling or taking a bus route to your workplace instead. You won’t have to fork out extortionate parking fees every month either.
Pack your lunch
The lunch and regular snacks you buy throughout the day can easily mount up over the course of the month, and it can be hundreds over a year! Instead, buy the ingredients for your daily dinners and always go prepared to work with a packed lunch.
Make meal plans
Speaking of preparation, why not extend that idea to the rest of your meals? Most families complain about the amount of waste they throw away each week, so make a meal plan of what you’re going to cook, only buy those ingredients and by the end of the week there shouldn’t be any waste.
Buy in bulk
For regular household items you purchase every week, start buying them every month in larger quantities for lower prices. This works for things like toilet roll, cleaning items and non-perishable foods.
Buy non-brand
Another tip is to stay away from branded goods that charge a premium for fancy packaging. By opting for the supermarket own-brands instead, you’ll get food that tastes just as good whilst saving a pretty penny.
Don’t break the bank with days out
Just because you and the family want to have some fun of a weekend doesn’t mean you have to spend money. Go to national parks with a homemade picnic, visit some local markets or learn some arts and crafts at home for a pittance.
Cancel costly subscriptions
Whether it’s the gym membership you never use or the magazine subscription for the publication you rarely sit and read, just bite the bullet and cancel them, so your wallet is better off.
Use a courier
For birthday presents, food parcels or even moving house, switch to using an affordable courier for parcel delivery and you’ll always get high standards of service for far less money.
Cut down on costly habits
Smoking, drinking, or a take-away every Friday night – these are all habits that you can’t afford to indulge in when saving. Cut down on these costly customs and you’ll see a drastic increase in your savings pot.
If you’d like some more tips on cutting monthly expenditure leave your own advice for readers in the comments below.