Are you an avid online shopper but are yet to use Afterpay services? Afterpay is a relatively new term in the online shopping frontier. However, as much as more people are embracing it, some are still skeptical. The latter often wonder about the imminent dangers that lie ahead with the buy now and pay later services. In the process, they rob themselves of the chance to enjoy the great benefits of the services. If you are yet to use these services, here are the benefits of Afterpay services.

1. Enjoy a seamless shopping experience

The fascinating detail about buying now and pay later services is that it’s fully integrated within the online shop’s checkout. It’s an appealing option rather than using your credit card or a MasterCard at the moment. You can purchase anything of your choosing, including making afterpay fridges & washing machines purchase. With this payment system, you can check out your payment plan via your email. Thus, save you the time you’d sent looking for your credit or debit card to make payment.

2. A staggered payment plans

It’s quite a challenging phenomenon to create and adhere to your laid-out payment plan. However, you don’t have to fret. It’s because with buy now and pay later services; you can enjoy a staggered payment plan. It’s an opportunity to have your total bill amount split in the most convenient way possible in installments. After that, you can receive a notification when payment is due. With this, you can always stay alter and clear out your debt seamlessly to evade any late fee payment.

3. Interest-free terms

Are you worried about paying interest fees during the installment period? Don’t be! It’s because, with Afterpay services, you can enjoy the free interest terms. The buy now and pay later services to lead from the front on being open to all users. However, the only cost you will incur is your purchase price. Nonetheless, with this fantastic term in the place, you need not be too naïve. Always ensure you make the necessary payment within the fortnight installment period lest you attract a late fee penalty.

4. Easier approval process

Are you worried about being on a tight schedule and hardly having enough time to set up an Afterpay account? Here’s a natural process that will only last minutes or less. In contrast, if you are signing up for the Afterpay services, you need to take the easy steps laid out. You will need to insert a username, password, phone number, or emails to get the verification code. After that, you can feed in your bank account information to the secure website and start enjoying the great benefits of buy now and pay later services.

Afterpay services are one of the most convenient ways to secure purchase on an item that you direly need immediately and don’t have the cash at hand. You can choose Afterpay fridges & washing machines services and get the best deals possible. That’s not all. There’s more than you can buy in a single setting. However, it would be best if you were extra vigilant lest you engage in impulse shopping.

Author: Jordan Reed

Many investors build their portfolios to offset risk with return. An investment approach that balances risky assets with stable ones is known as a balanced portfolio — for example, a portfolio in which high-risk securities are paired with low-risk Treasury notes.

According to Forbes, investing in precious metals allows you to distribute a load of risk evenly. Gold is the best blue-chip investment in the year 2020. Due to the increasing consumption of palladium in the automotive industry, the palladium saw a rise of 59% in its price.

The year 2019 was more productive in terms of investment in precious metals. Hence, industry experts suggest lessening the risk of investment in precious metals. It is better to diversify the allocation of funds. Visit website to learn how to diversify your investment portfolio.

The key to earning long term benefits from the investment is to diversify your portfolio and actively manage it. In simple words, diversification increases the safety of your holdings. The division of investments in different precious metals like gold, silver, and PGM group metals minimize the risks associated with single-metal investments.

Let’s understand what holds in for you by diversifying your precious metal portfolio.

They are Better than Paper Assets

Diversifying your portfolio with precious metals adds security level for your wealth, as they are not subject to the same forces that affect the stocks, share markets, and other paper assets (bonds or mutual funds).

Your portfolio is secured to a maximum level regardless of the market changes at Wall Street or Washington. In short, diversification is the fundamental investment strategy that states, you must never lay the eggs in one basket.

Low Effect of Economic Uncertainty

According to the Economic Outlook, the core inflation rate will average 1.0% in 2020, 1.5% in 2021, and 1.7% in 2022. The inflation rate is volatile and keeps fluctuating due to the different variables in the financial market.

Investing in precious metals like silver, platinum, gold, palladium, and rhodium can protect you from political and economic uncertainties. Even if the US Dollar declines or the market crashes, the investment in these metals will safeguard your wealth from such market threats.

Power of Liquidity

Gold bullion is one of the tangible assets that can be liquified at any given time. In times of emergency, you can quickly sell the gold coins or bars for immediate cash. Likewise, the other precious metals are also immune to a large extent to various economic factors that threaten the different investment types.

The physical possession of assets avails the ease of accessibility, and you can make use of them to increase the value of your wealth. You can find out more details about the diversification of a precious metals portfolio once you visit a website.

Increase in Demand

It is clear that when you have more demand for a particular product, the price keeps increasing. Various precious metals, like palladium and platinum, have tremendous needs in the manufacturing industries.

So, when the demand shoots up, the value also affects. Gold has been in demand since 560 BC and has only one naturally occurring isotope: gold-197. Hence, it is rarer than diamonds, it is in more demand.

The US has the highest gold reserves valuing at 8134 tons, followed by Germany with 3,367 tons, and Italy with 2,452 tons. As the global debt continues to rise, several central banks will buy gold to strengthen their economic status.

Author: Glenn Major

The churches are the backbone of any community. Due to low construction costs and low-interest rates, a lot of churches want a loan to meet their needs. The hardest part is they often can’t find funds that they require to thrive.

The churches are commercial enterprises; therefore, they require a commercial mortgage. church mortgages differ from a residential mortgage. When the church doesn’t have the cash to pay the existing loan, it will go for a refinance and get a new loan.

Here are a few points a church should consider before applying for a mortgage refinancing.

Understand the Rate of Interest

While applying for refinancing a mortgage loan, the church will pay the closing amount of the previous loan it had taken. The refinancing of a mortgage loan is also known as a Balloon loan. Many banks in the US refer to Balloon loans under a fixed rate of interest. It is misleading.

However, a fixed rate of interest is advantageous for a commercial mortgage as the rate of interest remains fixed for the church until it pays off the entire balance. Also, consider the future rates. The church will think carefully, where the interest rate might go in the future. If the price of interest will rise significantly in the coming years, then the church may go for refinancing now to lock a long term fixed rate at a reasonable level.

Like, if the church is paying a loan amount at a fixed rate of interest of 7% that matures in two years, the church can obtain a refinancing loan for ten years at 7.25% to get its benefits.

The Cost Might Exceed Benefits

Refinancing is a good option if the church is planning for a significant expansion. Some of the few expenses incurred in refinancing are insurance, escrow fee, documentation, legal fees, and environmental cost. The cost will give an idea of refinancing costs to calculate the monthly payment to recoup the price in the coming years.

Borrow What You Can Afford And For A Longer Period

Before mortgage refinancing, a church should only apply for a new one if it can afford to pay it. Only contributions and offerings are considered while paying interest.

Also, an extended period of loan payment will allow the flexibility to project its monthly expenses to pay the debt. This leads to lower payments. The church ministry affair will not suffer as it has a significant loan amount.

Quick Payment And Mitigate Long-Term Risk

The church income may be more some months than the others. It may use the extra cash to pay church mortgages to cut down the debt. Also, the prepayment penalty will affect the church mortgages refinancing. Therefore, take every opportunity to make an extra principal payment on your loan.

It is not possible to look at the future of the church ministry. Therefore, to avoid incurring costs and risks of refinancing every few years, the church should go for a loan for an extended period rather than the short term.

While applying for church mortgage refinancing, it must qualify for it. In some cases, the bank can’t or won’t refinance the loan; then it leaves the church to find another lender to keep their property.

 

Being an innovative entrepreneur with great business ideas doesn’t always mean you can constantly be on top of the finances. Business owners need that extra little bit of help to keep their business growing while keeping tabs on all the expenses.

For many entrepreneurs, hiring an accountant can be an extra expense that they don’t deem necessary. In reality, hiring a professional corporate tax accountant to help you with tax returns and other financial matters can be to great benefit of your business.

Not only will you safe a lot of time, you will also get expert guidance in saving money and making better financial choices. Here is a list of other scenarios where you might need to hire a professional tax return and online accountant.

Guidance While Writing a Business Plan

Let’s talk money. When you start a business, many investors do consider your idea and innovation, but most are interested in the finances of it all. How much is it going to cost to get the ball running? When will you be able to make your first profits, etc.

Accountants are trained to make financial projections and pull up budgets for start up businesses. Hiring one while writing a business plan, will ensure that you look more professional. And that all the financial projections are correctly and realistically calculated.

Legal Structure Advice

If you aren’t so sure whether to register as a corporation, limited liability, or limited company, your accountant will be able to give you advice. They have all the knowledge when it comes to the legal structure of businesses in order to simplify tax returns in the future.

If you are self-employed, working as a sole trader and invoicing clients under your own name, then your accountant can offset some private expenses from your tax. This is an area that someone knowledgeable will be able to assist you in choosing the right legal business structure.

Many business owners have testified that hiring an online accountant has helped them immensely in keeping their tax returns up to date. Click here to learn and understand the importance of tax returns.

To Outsource and Delegate

If you’re starting out a business, chances are your plate is loaded. Sure, having control over everything can be a liberating feeling, but having to do everything by yourself can also become extremely overwhelming.

In order for your business to grow, you have to start outsourcing and delegating certain tasks. You tax returns and finances are two of those things. Especially if you aren’t really clued up on the process, hiring a professional is the best way to go about it.

Find a firm that you trust and they’ll be able to take on all of the money matter responsibilities while you concentrate on the business itself.

When You are Being Audited

It’s important that you don’t violate any tax laws after you’ve been audited. As a matter of fact, it’s actually wise to invest in an accountant before your company is audited. They will be able to advice and guide you throughout the entire process, making it much less stressful and time consuming.

Assistance with Complex Software

Even though your business might start out small with little income, it can soon change into something very complex. When your attention is focused on other aspects of the business and not the finances, you can soon fall off the rails.

Hiring a professional will assist in keeping and tracking all expenses and income. Online accountants use complex software, that they’ve been trained to work on. Trying to figure out the software can be extremely frustrating to someone who haven’t used it before. Luckily, extremely familiar to a trained professional.

This will also assist in the future when you want to check financial statements like the total profits and loss.

Here is a list of benefits to hiring an accountant for your business: https://alltopstartups.com/2019/06/05/10-essential-benefits-of-hiring-an-accountant-for-your-business/

Before you Purchase a Franchise

Even though owning a franchise comes with increased overheads and less commercial marketing freedom, it’s a great way to start a new business. If this is your first time considering purchasing a franchise, then you are going to need some financial advice.

You have to calculate whether it will be a good investment or not. An accountant will be able to calculate all the percentages and fees charged as well as predict when you’ll be able to start making a profit. Having a financial expert gathering detailed statistics can help you make better decisions in the future.

Before Buying or Selling a Business

It’s important to have up to date financial statements and tax information at hand when you want to sell your business. When you’ve run your business for many years, chances are you’d already have an accountant. If not, it’s wise to get one to use accounting software to capture all data.

When you want to sell your business, it’s important that your accountant make sure of the grand value of all the business’ assets. You might have an idea of how much your business is worth, but an accountant will be able to back the numbers.

Hiring a professional to help your company’s growth throughout all the different stages is a smart idea. Rather outsource the time-consuming task of taxes and other bookkeeping, in order for you to have more time to spend on clients and business ventures.

 

With numerous online money lending agencies available at one’s disposal, one couldn’t help but wonder which one they can pick. It’s often a daunting task as it often narrows down to choosing a lender who understands you completely. You can never be too careful lest you take a loan from a corrupt agency. Thus, you need to equip yourself with the right information before walking down this path. Here’s how to choose the ideal online money lender.

Shop 

When it comes to choosing personal and business loans, you need not settle for the first offer that you find online. If you do, you stand missing out on various offers that are quite enticing and manageable. Therefore, you need to take time and shop for the best online money lending agency. You need to check their interest rates as well as repayment periods. You also need to check if they provide an option for guarantors in case of a default. All this will enable you to find the ideal money lending agency that suits you.

Loan specialty

Here’s one of the most critical aspects you should consider when choosing the best online money lending agency. One needs to know that various money lenders tend to specialize in different loan types. Therefore, you need to check op on their multiple offers and see if they can come in handy. The beauty of online money lending agencies is that some tend to cover from unexpected bills, the right to start up business loans. This various loan specialty enables the agency to offer its clients with top-notch services. It’s also a chance to interact with experts who have vast and in-depth knowledge of a particular field.

Transparency 

The cyberspace can turn out to be a landmine when it comes to lending money. Thus, it would be best if you were extra careful with any site that you choose to borrow money. An excellent internet money lender will be open about the process they take to offer their loans. Thus, it would be best to choose a lender who offers all the necessary transaction details that you can follow critically. It’s also a chance to seek rectification should any error take place. You also need to have a look at the reviews offered about the loan lending site. It’s a chance to see what other money borrowers have to say about the website and rate their services

Experience 

When one is at the end of their financial rope, it might seem like everything is tumbling down. Don’t stress as you can enjoy your borrowing experience with a well-experienced online money lender. You need to borrow money from online agencies that have functional status as well as BBB rating. It’s a chance to work with a moneylender who has your best interest rather than exploiting your naivety.

As you prepare to get personal and business loans to boost your financial life, you should become extra keen. Picking the right money lender goes a long way in ensuring you have a comfortable financial loan application process. You have to prepare yourself before accepting any loan or making its payment.

 

Author: Marcy Brown

We all know how critical it is to keep our financial records for our businesses up to date, and this comes with making sure that our transactions are recorded, however big or small they may be. But bookkeeping and accounting are more than this, especially if your business enterprise is expanding. If you don’t have a good accounting process and procedure in place, this can have a big impact on your business’ financial stability in the long run, and you may even end up being in trouble with HMRC, among other things.

Fortunately, you can always rely on an accountant to help you with your business’ financial requirements – and you have a choice between an accountant or a chartered accountant. For some businesses, working with an accountant is enough, but other businesses may need the more varied services of a chartered accountant. So how do you know if you should work with a chartered accountant? Here, your top questions are answered.

When do you need a chartered accountant?

While an accountant can keep your books and financial records straight and also take care of your taxes and payroll needs, a chartered accountant can do more in that they can give you relevant and professional advice regarding your business decisions and how you can plan your budget. Chartered accountants are also more well-versed in the different aspects of running a business in various industries, so they can give you the best professional service whatever kind of business you have in whatever sector you are in.

Chartered accountants work well with all kinds and sizes of businesses, whether you are simply starting or have already established your business, as confirmed by a respected accountancy firm like www.gsmaccountants.co.uk. If you are a start-up enterprise, your chartered accountant can help come up with the best financial strategy for your business, and they can also support you in terms of planning your budget and analysing your financial needs from the beginning.

When your business is already established, and you would like to avoid fines and penalties from government bodies, working with a chartered accountant is one of your best options. They can also take care of your auditing needs, which a regular accountant may not be able to do, and, apart from this, they can institute an assessment of your business’ finances so you can see where you are going. They can create forecasts for your business to ensure your business’ longevity and growth.

How you can effectively look for – and choose – a chartered accountant

There may be many accountancy firms who have qualified chartered accountants, but you need to choose one that is best for your business in the end. If you are looking for a chartered accountant, the first thing you can do is ask for referrals or recommendations from other businesses in your area or your network. You can also search for chartered accountants through the ICAEW (Institute of Chartered Accountants) or ACCA (Association of Chartered Certified Accountants).

But aside from this, once you have your potential candidates, ask them how much experience they have in your particular industry or sector, and ask for a list of the different kinds of services they offer. If possible, set up a meeting with them so you can speak to them directly and ask them what they can recommend for your business.

Image attributed to Pixabay.com

 

In recent times, mortgage interest rates are rising as the Federal Reserve is slowly increasing the interest rates. People who are looking to buy a new house have realized they need to act soon, or they might be paying more interest every month.

Buying a new house, however, is not as easy as finding a new home and cracking a deal with the seller. You still need to secure a mortgage. And while it seems pretty easy to do, it can be challenging for many new homebuyers. Especially, those who are unprepared.

If you want to improve your chances of getting a mortgage with favorable terms, you should take a few steps as soon as possible. While there’s no quick fix or easy way to change your income or the length of your credit history, you can do a few things before applying for a mortgage from the perfect mortgage loan solutions bank. Following the below-given steps will make it easier for you to apply for a mortgage loan and will increase your chances of securing a mortgage.

#1 Know your documents ready!

When you apply for a mortgage, most lenders will want a standard package of documents. These documents include your recent years worth of tax filings. You also need to have at least three months of bank account statements, and you will need to have documents to explain any unusual large withdrawals or deposits.

#2 Know how much you can spend

Most lenders follow the 28/36 rule. That means your monthly payment on your mortgage must not be more than 28% of your gross salary. And your total debt payments(including your potential mortgage, car loan, or any other monthly installment) must not be more than 36% of your gross income. But, the mortgage loans solutions partners don’t necessarily follow these rules. It’s always good to follow the 28/36 rule, as it will increase your chances of getting a mortgage.

#3 Increase your credit score

One of the critical factors in determining whether your loan will get approved or not, and what rate you will pay is your credit score. It’s important to know what your credit scores are from the three main credit bureaus, and you can get that information in many ways.

There are paid services that offer detailed credit reports, and many credit card companies offer their customers free credit scores. Once you get to know your credit score, few things can help raise your credit score.

The first thing is to make sure that there are no mistakes or errors in your credit report, and complain if you find any error. Second, if you have some loan balance that you can pay off, pay it, this will raise your credit score. Aside from that, there are little things you can do, like avoid opening any new accounts or taking new loans or do anything that needs a credit check.

These are the three things that you should do before applying for a mortgage. Make sure that you follow these three tips to ensure that the bank approves your mortgage and that you get to buy your dream house.

 

Everything in this world is getting costlier and the demand for commodities is ever increasing. All your materialistic requirements require you to spend more and more as the years pass. As you grow and raise a family you have to cater to their demands in addition to yours. Sometimes all these demands can get a bit too much and can financially drain you out. To make ends meet you can always look for a suitable loan for yourself. There are a lot of companies that have come up in competition to banks. These companies provide online payday loans and online installment loans and offer much better schemes than banks. Let’s discuss installment and payday loans offered by private companies. We’ll also look at how these companies manage to provide loans to people with a bad credit score.

Installment loans online

Installment loans are probably the most common types of loans known to the public. An installment loan is where you borrow a sum on money and then you return it in small installments over time. There are different schemes available for different amounts so you can go on the internet to read more on installment loans online to find a suitable scheme for you. The benefit of choosing a private company over the banks are many. The distinctive advantage is that you have a higher chance to get a loan passed through a private company if you have a bad credit score. Another main advantage is that you can get your money within 24 hours of filling the application which is just amazing when compared to the 2 week waiting period of banks.

Payday loans Online

Since a majority of the population now belongs to the working-class, most of them depend on their salaries for their living expenses and to pay their dues. If you are also a working individual then you would know that from time to time your budget planning encounters a bump and it becomes difficult to make ends meet. Your salary, which could solve the problem, might not be due for 20 more days. In such a scenario you can apply for a payday loan which will immediately get you extra cash to help with your expenses. The amount that you borrowed can be automatically deducted from your salary account on your payday.

How do these work with bad credit?

A bad credit score is a very common problem among people. Whenever you are given a loan you have a credit score to start with. If you delay the repayment of a loan or if you are not able to pay back some part of the amount, then some points are deducted from your credit score. You are marked as an untrustworthy client. If you keep missing the due dates your credit score goes really low and it becomes almost impossible for you to apply for a loan from a bank or any other place which performs a ‘hard credit check’.

The reason the private companies are able to help you out in such a scenario is that these companies tie you up with some private lenders who perform a ‘soft credit check’ instead of a hard one. They chose to look at your salary and other bill payment records to understand your reliability. This way your chances of getting a loan approved become much better.

Having a car is probably on every person’s list in 2020, but the inability to save is one of the reasons why most people won’t achieve this goal. Saving for your first car will mean denying yourself comfort to archive this ultimate goal. When it comes to saving for first car, self-control and discipline are the fundamental obligations to deploy. If you are determined to buy your first dream car, you might be wondering how to save for it. By following the tips below, you can acquire your first set of wheels regardless of your income.

1. Determine The Type Of Car To Buy

Knowing the kind of car you want will significantly help you to determine how much money you require to have on the table before the end of a specific period. Decide if you’re going to buy it by cash or finance offers. Purchasing a car in cash comes with advantages, like acquiring the logbook immediately after purchase. You should also evaluate purchasing a new or used car and get the average amount of money you require.

2. Start Small

If this is your first time to opt for a personal car, purchasing a modest car will be the best option. However, no one wants to go broke after buying a vehicle due to expensive insurance premiums and high maintenance costs. A modest vehicle will enable you to familiarize yourself with engines work and how to go about the minor repairs.

3. Establish A Saving Plan

After you figure out the car you want and how much it costs, you will need to set the date of purchase. Then come up with a saving plan. For instance, you can break down the total amount and determine the specific amount of money you need to save either weekly or monthly. You can start by saving 30 % of your monthly income, where if you are persistent, believe it or not, you can be able to purchase the car in 12 months. Stick to the plan to achieve your goal in time.

4. Open A Fixed Bank Account

Smart saving involves fixed bank accounts. At times, you might be tempted to break into your savings, but harsh conditions of a fixed bank account ensure you don’t withdraw your money prematurely. Most banks retain 30% of your savings if you withdraw your money before the agreed date. It will be painful to lose your money for unplanned expenses.

5. Reduce Non-Basic Expenses

Most of the people suffer from saving through going for unplanned purchases. If you want to obtain your first car with fewer struggles, you need to shun off this behaviour completely. Reduce unnecessary expenses like entertainment, going on vacation, and use the money for upkeep. Besides, develop a habit of buying what you only need.

6. Increase Your Income

If you have just one stream of income, you might need to look for a side hustle job. This can help you achieve your dream car earlier than expected. Besides, through a side hustle, you will increase your savings; for instance, from 30% to 60%.

After the money is ready, you need to compare several dealers to acquire the best quality. Remember, you’re in control of your finances, and you can negotiate the deal. You need to read and understand the terms and warranty agreements for the car you wish to purchase. Buying the first car is exciting at the same time, overwhelming. However, planning makes the process easier. With the tips mentioned above and healthy spending habits, soon you can be cruising behind the wheel of your ride.