Avoid Credit Card Debt Like The Plague: 7 Ways To Keep It Away

Dealing with tons of debt is like carrying a very heavy stone on your back while walking uphill. Many persons around the world are facing this situation nowadays, and it is all due to the irresponsible and abusive use of credit cards.

However, if you stay here to read this article, then you will learn how to use them correctly and as a result avoid debt.

Let’s check what we have in store for you, because if you want to be a responsible credit card holder, then this is the article you must read right now!

1 – Understand Credit Utilization:

Let’s suppose you have a credit limit of $5,000 USD and you spend $4,000 USD of it. Then, your credit utilization would be a staggering 80%, which is excessively much and it will hurt your credit score.

Many new cardholders believe that they can spend all of their credit without problems, but truth is that it is one of the most damaging things for your credit profile.

Our recommendation for you is to keep your credit utilization between 30%-40%. That is ideal and it will make your credit score look great.

Moreover, you can also pay your balance twice per month, so that credit bureaus see an even lower credit utilization. These little tricks will yield great results, so use them, because life is much harder with a deficient credit score.

2 – NEVER Take Cash Advances:

Do you want to know a quick way to send your debt through the roof? Then take cash advances and you are set for big problems. You should NEVER do it, because the interest rate fees will eat you alive.

Not only that, but in the majority of time there is no grace period and you will have to pay transaction fees as well.

Do not think that if you pay on time you will not have to pay the interest fees, but in any case you will have to do it. So, again, avoid taking cash advances like the plague, because they will accumulate you debt.

3 – Your Budget Is Crucial:

We put a brief explanation of what credit utilization is and why it is dangerous to go over 30-40%. However, it is very hard to do without a budget.

The first and most important rule: do not spend more than you can afford. It is easy to spend on things that you cannot afford with cash when you have a juicy credit limit, but remember that going over it will create many debt problems.

Do this and you will not create debt, because you will not spend over your limits while keeping an optimal credit utilization (to protect your credit score). You can read more about how credit cards affect your credit score here: https://www.marketreview.com/credit-cards/.

4 – Don’t Own Many Credit Cards If You Don’t Need Them:

Another way to damage your credit score is to own many cards and hold small balances. This will hurt your profile even more than a bigger debt with just one credit card. Therefore, if you do not really need them, then avoid having many credit cards, because the disadvantages will surpass the benefits.

5 – Pay Your Full Balance Punctually:

People accumulate tons of debt when they fail to pay on time and their full balance. If you do not want to be part of that unfortunate group, then commit to paying in full and on time.

The principal reason on why people fail to do so is because they do not have a budget, and therefore, they cannot control their spending. Furthermore, they worsen their problem by taking cash advances, overspending their credit limit, etc.

6 – Never Share It:

This is another great piece of advice: never share your CC. Some relatives or friends may request you to lend them your credit card, but you should never do this because they may not fulfill their promise of paying back. If that happens, then you will accumulate debt and you will end up paying much more.

7 – Recognize If You Have a Debt Problem:

If you have a debt problem, then be quick to recognize it, because the longer you wait the worse it will turn.

If that’s your case, and your credit score is already suffering the consequences, then here are some tips you can use:

  1. Pay your smaller balances and reduce your number of credit cards
  2. Request a higher credit limit and reduce your credit utilization
  3. Commit to paying on time and negotiate your debt

Closing Down:

Now you know how you can avoid accumulating credit card debt. You are ahead of the majority of people who are not responsible with their credit cards, and hence, in a more favorable position for using them correctly.

 

Saving money on your daily commute – how to do it?

You may love your new car. Or, you may be a motorbike enthusiast who has spent hours looking at motorbike sales, to find the perfect machine for you. But, is it better to keep using a car or a bike to leisure activities, that do not involve your daily commute. Let’s face it, you do not want to spend any more than you have to on getting to work or college each day. Being stuck in traffic, or dealing with the stress of negotiating the rush hour is not much fun either.

So, what are the best ways to save money commuting each day? Here are some ideas you may want to think about.

 

  • The benefits of public transport

 

Many cities and towns have excellent public transport systems. Instead of just jumping in the car, or on the motorbike, each day, why not check out your local public transport timetables. Even if the train or bus does not stop right outside your home, or place of work, you can always walk or cycle the rest of the way. You can save additional money using public transport by checking out options for season tickets.

If you do decide to take public transport on your daily commute, you need to make sure that you use transport websites to check for any disruption. You do not want to get to the train station, only to discover that there are major delays.

 

  • Thinking about cycle power

 

Cycling is not just good for you, it can also save you money on your daily commute. You just have the initial expense of purchasing a bike to think about, plus any ongoing maintenance costs. Of course, you also need to concentrate on riding safely, especially when the roads are busy with traffic.

 

  • Is it close enough to walk?

 

If you are fit and healthy, and you live two miles or less from where you work, you should be able to walk the distance in approximately forty minutes. Doing so can help to improve your health, as well as saving you on fuel costs, or public transport expenses.

 

  • The option of car sharing

 

If you want to drive to work or college, why not consider car sharing? Doing so means you reduce the amount of times you need to use your vehicle, thereby reducing fuel and maintenance costs.

 

  • Reduce the cost of driving or riding

 

If it really is a lot easier to drive a car or ride a motorbike to get to work, and you cannot car share, you may want to think about ways that you can reduce the costs involved. Here are some tips to help you to do this:

  • Drive efficiently at all times.
  • Make sure your car or motorbike is regularly maintained.
  • Park a little further away from your place of work, and walk the remaining distance, if this saves on parking expenses.

Each of these tips can help save on the cost of using your car or motorbike for your daily commute.

As you can see, there are several ways in which you can reduce the cost of your daily commute, whether you decide to use public transport, walk, cycle or simply make it more cost effective to use your car or motorbike.

 

10 Easy and Effective Ways to Make Money as a Student

Are you in college? Then you definitely need more money. With loans, rents and other expenses beating at the door, the ability to make a little extra cash gives you a breath of fresh air. There’re excellent opportunities for you to earn without damaging your studies.

The following ideas don’t require you to work 15 hours or more every week as opposed to part-time jobs. A flexible schedule will help you stay focused on studying. You will also understand budgeting as you walk you through the process of tracking your income and spending. Read on to learn 10 helpful ways to earn extra money.

  1. Selling unnecessary clothes

Don’t want to wear that Zara leather you bought last autumn anymore? Or late-night snacks caused your skinny jeans lay in the wardrobe for months? Find a new owner for them! List your clothing items for sale on eBay.

ThredUp can help you to get rid of the garments you’re tired of. They accept good brands that are slightly worn. So, filter your closet.

  1. Freelance Writing

Does your professor praise you for the writing assignments? Maybe it’s time to get something more than good grades for your academic papers! The company like essayservice.com academic services is a nice place to start. Try to work as an essay writer or an editor there

Apart from professional essay writing, other areas where you can monetize your writing skills are blogs, websites, newspapers and magazines. Just find your field of expertise.

  1. Starting a Blog

If you like the previous idea of freelance writing, think about blogging. You’ll quickly create a portfolio for the prospective clients to see. And it will give you a possibility to earn passive income from affiliate marketing. Here’s a short explanation on the latter.

A blogger adds an affiliate link to a product. Visitors click on the link and go to the site where they may make a purchase. If they buy the product, the blogger gets a percentage. The advantage of affiliate links is that they keep bringing you income as long as readers visit your site and follow the links.

  1. Starting a YouTube Channel

If writing isn’t your cup of tea, a vlog is an alternative way to get online income. Videos are more pervasive when it comes to marketing. People can see you playing a video game, trying out a face mask, or wearing clothes.

Both the written blog and video blog should have many subscribers to bring a steady income. The most followed YouTubers make collaborations with brands to design special products. It has financial benefits for both bloggers and businesses.

5. Selling Last Semester’s Books

Got some old textbooks that you don’t need for the coming year? Why not sell them?

Your college bookstore is not the best place for that. The cash redemption will be the lowest. Instead, consider the sites like Books Counter, WeBuyBooks.co.uk, BookScouter, or sale sites like eBay and Amazon. If there’s some fiction on your shelves, you can also turn it into dollars.

  1. Giving Campus Tours

Many colleges offer guided campus tours. Prospective students come to get an idea of campus life in a particular school. Other visitors want to see the historic buildings or sites situated on the college’s grounds. Being your college tour guide is an easy way to make some funds without a huge time commitment.

  1. Becoming a Handyman

Have you ever mowed lawns, fixed leaky faucets or painted bedrooms? This experience may come in handy to you now. Visit TaskRabbit. People use this site to find someone who can help them with moving, home repair, yard work and other tasks. There’s always someone in the local community who needs a pair of extra hands. This can be a one-time chore that can help you pay for your Saturday night out.

  1. Tutor

If you’re in college, chances are that you have good knowledge of some subjects. You can help high-schoolers to learn Chemistry catch up in Math, Biology, or Foreign Language. Use tutoring websites to advertise your services online. Payment starts at $10 per hour.

If you show academic strength in your college subject, then offer help to your peers. Explain lecture materials. Help in essay writing or other homework.

  1. Taking Care of Pets

If you adore dogs, then pet-sitting or dog walking is the right job for you. As a pet sitter, you will care for the animals while their owners are away, either for one day or longer periods. It involves playing with dogs, feeding and brushing them, and driving them to vets and grooming appointments. People can also ask you to clean up, water plants, or bring in newspapers and mail. These additional tasks mean additional money.

Dog walkers take doggies out, either individually or in small groups. If there’re any pups in your neighborhood that need to be walked, you could gather them together at the same time. Apps like DogVacay and BarknBorrow can connect with those who might want your services.

  1. Becoming a Graphic Designer

The big part of graphic design business is developing website graphics and logos. There’s a great demand for such services. As well as the competition. But it’s also possible to earn a good income by designing business cards, eBook covers, wall art, personalized gifts, t-shirts, and product packaging.

Use 99 Designs and Café Press to find individual clients and companies looking for a skilled designer. It can become your full-time job in future. If you start now, you’ll have an impressive portfolio after graduation.

These ideas don’t take a significant amount of time, effort, resources, or money investments. But they can give you more than some extra bucks. It’s the opportunity to assess your abilities in a particular sphere and your entrepreneur potential. Each of these options can be developed into a successful start-up. You can end up having a textbook store, providing city tours with local guides, or running a cleaning service. Just try!

About the Author: Michelle Brooks is the blogger at the educational website. Her expertise includes career, education, college life and self-development.

 

Digital encryption technology used by major banking institutions

The digital encryption technology used by major banking institutions really can keep a lot of their customers safe. This technology is even more important in the modern world. A lot of important transactions are being conducted online in the modern world of banking. Paperless billing is the norm in the modern world. Banking systems are almost entirely Internet-based now, and this is the sort of thing that will only continue to become more dominant.

Many people are interested in the fact that the encryption technology keeping them safe is advancing. They know that a lot of cyber criminals are getting better at what they do as well. However, the methods that are being used to stop them are starting to become just as impressive, and this is ultimately what matters in the equation. There is something of a ‘sword and shield’ situation, and it looks like both sides of the equation are advancing in their own way and on their own schedule.

People should also remember that major banking institutions have every reason to invest in encryption technology that is actually going to work and that will keep their customers safe. A lot of people are under the impression that these organizations are outdated and that their technology is equally old. However, this is not the case.

Many people are now seeing a world where a lot of people are moving towards online banking, and that means that everything that goes with online banking will have to be more important. Encryption and Internet security is one of the most important parts of online banking, and so people will see it all emphasized more often.

There are different possibilities involved with the future of digital encryption. In all likelihood, it is just going to get even better. People will be able to anticipate a lot of different changes with this technology. It looks like a lot of cyber criminals will have a harder time with it, and the digital encryption is moving faster than they are.

Other forms of bank fraud are starting to get more difficult in the modern world. A lot of people are in a situation where they are avoiding paper checks. The forgery of paper checks will no longer be a criminal enterprise in the modern world, even though it used to be a major facet of all forms of bank fraud.

People will see fewer forms of fraud that involve paper bills. In a world of paperless billing, a lot of people will see some forms of cyber crime increase even as other forms of crime start to decrease. Really, this is just a shift in the nature of the crimes that are being committed. It does not actually mean that the digital encryption that banking software companies use is not working.

There will be some successful cyber criminals even in the modern world. However, these people are getting to a point where they will struggle at getting past the encryption that major organizations rely on each day.

 

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Avoid Credit Card Debt Like The Plague: 7 Ways To Keep It Away

Dealing with tons of debt is like carrying a very heavy stone on your back while walking uphill. Many persons around the world are facing this situation nowadays, and it is all due to the irresponsible and abusive use of credit cards.

However, if you stay here to read this article, then you will learn how to use them correctly and as a result avoid debt.

Let’s check what we have in store for you, because if you want to be a responsible credit card holder, then this is the article you must read right now!

1 – Understand Credit Utilization:

Let’s suppose you have a credit limit of $5,000 USD and you spend $4,000 USD of it. Then, your credit utilization would be a staggering 80%, which is excessively much and it will hurt your credit score.

Many new cardholders believe that they can spend all of their credit without problems, but truth is that it is one of the most damaging things for your credit profile.

Our recommendation for you is to keep your credit utilization between 30%-40%. That is ideal and it will make your credit score look great.

Moreover, you can also pay your balance twice per month, so that credit bureaus see an even lower credit utilization. These little tricks will yield great results, so use them, because life is much harder with a deficient credit score.

2 – NEVER Take Cash Advances:

Do you want to know a quick way to send your debt through the roof? Then take cash advances and you are set for big problems. You should NEVER do it, because the interest rate fees will eat you alive.

Not only that, but in the majority of time there is no grace period and you will have to pay transaction fees as well.

Do not think that if you pay on time you will not have to pay the interest fees, but in any case you will have to do it. So, again, avoid taking cash advances like the plague, because they will accumulate you debt.

3 – Your Budget Is Crucial:

We put a brief explanation of what credit utilization is and why it is dangerous to go over 30-40%. However, it is very hard to do without a budget.

The first and most important rule: do not spend more than you can afford. It is easy to spend on things that you cannot afford with cash when you have a juicy credit limit, but remember that going over it will create many debt problems.

Do this and you will not create debt, because you will not spend over your limits while keeping an optimal credit utilization (to protect your credit score). You can read more about how credit cards affect your credit score here: https://www.marketreview.com/credit-cards/.

4 – Don’t Own Many Credit Cards If You Don’t Need Them:

Another way to damage your credit score is to own many cards and hold small balances. This will hurt your profile even more than a bigger debt with just one credit card. Therefore, if you do not really need them, then avoid having many credit cards, because the disadvantages will surpass the benefits.

5 – Pay Your Full Balance Punctually:

People accumulate tons of debt when they fail to pay on time and their full balance. If you do not want to be part of that unfortunate group, then commit to paying in full and on time.

The principal reason on why people fail to do so is because they do not have a budget, and therefore, they cannot control their spending. Furthermore, they worsen their problem by taking cash advances, overspending their credit limit, etc.

6 – Never Share It:

This is another great piece of advice: never share your CC. Some relatives or friends may request you to lend them your credit card, but you should never do this because they may not fulfill their promise of paying back. If that happens, then you will accumulate debt and you will end up paying much more.

7 – Recognize If You Have a Debt Problem:

If you have a debt problem, then be quick to recognize it, because the longer you wait the worse it will turn.

If that’s your case, and your credit score is already suffering the consequences, then here are some tips you can use:

  1. Pay your smaller balances and reduce your number of credit cards
  2. Request a higher credit limit and reduce your credit utilization
  3. Commit to paying on time and negotiate your debt

Closing Down:

Now you know how you can avoid accumulating credit card debt. You are ahead of the majority of people who are not responsible with their credit cards, and hence, in a more favorable position for using them correctly.

 

Saving money on your daily commute – how to do it?

You may love your new car. Or, you may be a motorbike enthusiast who has spent hours looking at motorbike sales, to find the perfect machine for you. But, is it better to keep using a car or a bike to leisure activities, that do not involve your daily commute. Let’s face it, you do not want to spend any more than you have to on getting to work or college each day. Being stuck in traffic, or dealing with the stress of negotiating the rush hour is not much fun either.

So, what are the best ways to save money commuting each day? Here are some ideas you may want to think about.

 

  • The benefits of public transport

 

Many cities and towns have excellent public transport systems. Instead of just jumping in the car, or on the motorbike, each day, why not check out your local public transport timetables. Even if the train or bus does not stop right outside your home, or place of work, you can always walk or cycle the rest of the way. You can save additional money using public transport by checking out options for season tickets.

If you do decide to take public transport on your daily commute, you need to make sure that you use transport websites to check for any disruption. You do not want to get to the train station, only to discover that there are major delays.

 

  • Thinking about cycle power

 

Cycling is not just good for you, it can also save you money on your daily commute. You just have the initial expense of purchasing a bike to think about, plus any ongoing maintenance costs. Of course, you also need to concentrate on riding safely, especially when the roads are busy with traffic.

 

  • Is it close enough to walk?

 

If you are fit and healthy, and you live two miles or less from where you work, you should be able to walk the distance in approximately forty minutes. Doing so can help to improve your health, as well as saving you on fuel costs, or public transport expenses.

 

  • The option of car sharing

 

If you want to drive to work or college, why not consider car sharing? Doing so means you reduce the amount of times you need to use your vehicle, thereby reducing fuel and maintenance costs.

 

  • Reduce the cost of driving or riding

 

If it really is a lot easier to drive a car or ride a motorbike to get to work, and you cannot car share, you may want to think about ways that you can reduce the costs involved. Here are some tips to help you to do this:

  • Drive efficiently at all times.
  • Make sure your car or motorbike is regularly maintained.
  • Park a little further away from your place of work, and walk the remaining distance, if this saves on parking expenses.

Each of these tips can help save on the cost of using your car or motorbike for your daily commute.

As you can see, there are several ways in which you can reduce the cost of your daily commute, whether you decide to use public transport, walk, cycle or simply make it more cost effective to use your car or motorbike.

 

10 Easy and Effective Ways to Make Money as a Student

Are you in college? Then you definitely need more money. With loans, rents and other expenses beating at the door, the ability to make a little extra cash gives you a breath of fresh air. There’re excellent opportunities for you to earn without damaging your studies.

The following ideas don’t require you to work 15 hours or more every week as opposed to part-time jobs. A flexible schedule will help you stay focused on studying. You will also understand budgeting as you walk you through the process of tracking your income and spending. Read on to learn 10 helpful ways to earn extra money.

  1. Selling unnecessary clothes

Don’t want to wear that Zara leather you bought last autumn anymore? Or late-night snacks caused your skinny jeans lay in the wardrobe for months? Find a new owner for them! List your clothing items for sale on eBay.

ThredUp can help you to get rid of the garments you’re tired of. They accept good brands that are slightly worn. So, filter your closet.

  1. Freelance Writing

Does your professor praise you for the writing assignments? Maybe it’s time to get something more than good grades for your academic papers! The company like essayservice.com academic services is a nice place to start. Try to work as an essay writer or an editor there

Apart from professional essay writing, other areas where you can monetize your writing skills are blogs, websites, newspapers and magazines. Just find your field of expertise.

  1. Starting a Blog

If you like the previous idea of freelance writing, think about blogging. You’ll quickly create a portfolio for the prospective clients to see. And it will give you a possibility to earn passive income from affiliate marketing. Here’s a short explanation on the latter.

A blogger adds an affiliate link to a product. Visitors click on the link and go to the site where they may make a purchase. If they buy the product, the blogger gets a percentage. The advantage of affiliate links is that they keep bringing you income as long as readers visit your site and follow the links.

  1. Starting a YouTube Channel

If writing isn’t your cup of tea, a vlog is an alternative way to get online income. Videos are more pervasive when it comes to marketing. People can see you playing a video game, trying out a face mask, or wearing clothes.

Both the written blog and video blog should have many subscribers to bring a steady income. The most followed YouTubers make collaborations with brands to design special products. It has financial benefits for both bloggers and businesses.

5. Selling Last Semester’s Books

Got some old textbooks that you don’t need for the coming year? Why not sell them?

Your college bookstore is not the best place for that. The cash redemption will be the lowest. Instead, consider the sites like Books Counter, WeBuyBooks.co.uk, BookScouter, or sale sites like eBay and Amazon. If there’s some fiction on your shelves, you can also turn it into dollars.

  1. Giving Campus Tours

Many colleges offer guided campus tours. Prospective students come to get an idea of campus life in a particular school. Other visitors want to see the historic buildings or sites situated on the college’s grounds. Being your college tour guide is an easy way to make some funds without a huge time commitment.

  1. Becoming a Handyman

Have you ever mowed lawns, fixed leaky faucets or painted bedrooms? This experience may come in handy to you now. Visit TaskRabbit. People use this site to find someone who can help them with moving, home repair, yard work and other tasks. There’s always someone in the local community who needs a pair of extra hands. This can be a one-time chore that can help you pay for your Saturday night out.

  1. Tutor

If you’re in college, chances are that you have good knowledge of some subjects. You can help high-schoolers to learn Chemistry catch up in Math, Biology, or Foreign Language. Use tutoring websites to advertise your services online. Payment starts at $10 per hour.

If you show academic strength in your college subject, then offer help to your peers. Explain lecture materials. Help in essay writing or other homework.

  1. Taking Care of Pets

If you adore dogs, then pet-sitting or dog walking is the right job for you. As a pet sitter, you will care for the animals while their owners are away, either for one day or longer periods. It involves playing with dogs, feeding and brushing them, and driving them to vets and grooming appointments. People can also ask you to clean up, water plants, or bring in newspapers and mail. These additional tasks mean additional money.

Dog walkers take doggies out, either individually or in small groups. If there’re any pups in your neighborhood that need to be walked, you could gather them together at the same time. Apps like DogVacay and BarknBorrow can connect with those who might want your services.

  1. Becoming a Graphic Designer

The big part of graphic design business is developing website graphics and logos. There’s a great demand for such services. As well as the competition. But it’s also possible to earn a good income by designing business cards, eBook covers, wall art, personalized gifts, t-shirts, and product packaging.

Use 99 Designs and Café Press to find individual clients and companies looking for a skilled designer. It can become your full-time job in future. If you start now, you’ll have an impressive portfolio after graduation.

These ideas don’t take a significant amount of time, effort, resources, or money investments. But they can give you more than some extra bucks. It’s the opportunity to assess your abilities in a particular sphere and your entrepreneur potential. Each of these options can be developed into a successful start-up. You can end up having a textbook store, providing city tours with local guides, or running a cleaning service. Just try!

About the Author: Michelle Brooks is the blogger at the educational website. Her expertise includes career, education, college life and self-development.

 

Digital encryption technology used by major banking institutions

The digital encryption technology used by major banking institutions really can keep a lot of their customers safe. This technology is even more important in the modern world. A lot of important transactions are being conducted online in the modern world of banking. Paperless billing is the norm in the modern world. Banking systems are almost entirely Internet-based now, and this is the sort of thing that will only continue to become more dominant.

Many people are interested in the fact that the encryption technology keeping them safe is advancing. They know that a lot of cyber criminals are getting better at what they do as well. However, the methods that are being used to stop them are starting to become just as impressive, and this is ultimately what matters in the equation. There is something of a ‘sword and shield’ situation, and it looks like both sides of the equation are advancing in their own way and on their own schedule.

People should also remember that major banking institutions have every reason to invest in encryption technology that is actually going to work and that will keep their customers safe. A lot of people are under the impression that these organizations are outdated and that their technology is equally old. However, this is not the case.

Many people are now seeing a world where a lot of people are moving towards online banking, and that means that everything that goes with online banking will have to be more important. Encryption and Internet security is one of the most important parts of online banking, and so people will see it all emphasized more often.

There are different possibilities involved with the future of digital encryption. In all likelihood, it is just going to get even better. People will be able to anticipate a lot of different changes with this technology. It looks like a lot of cyber criminals will have a harder time with it, and the digital encryption is moving faster than they are.

Other forms of bank fraud are starting to get more difficult in the modern world. A lot of people are in a situation where they are avoiding paper checks. The forgery of paper checks will no longer be a criminal enterprise in the modern world, even though it used to be a major facet of all forms of bank fraud.

People will see fewer forms of fraud that involve paper bills. In a world of paperless billing, a lot of people will see some forms of cyber crime increase even as other forms of crime start to decrease. Really, this is just a shift in the nature of the crimes that are being committed. It does not actually mean that the digital encryption that banking software companies use is not working.

There will be some successful cyber criminals even in the modern world. However, these people are getting to a point where they will struggle at getting past the encryption that major organizations rely on each day.