Sell Gold Necklaces for Cash

Guest Post – Ty Whitworth

Not everyone is aware that gold prices rise when the stock market falls. The stock market has been like a roller coaster for the past few years and investors are looking for more stable investments. In tough economic times, precious metals tend to become the investment of choice. This is great news for those of you who have old gold necklaces and other jewelry cluttering up your jewelry box. Now is a great time to send these pieces off to a new life in exchange for some extra cash in your hands.

Why would you want to get rid of your gold necklaces? They might have broken links, a bent clasp, or maybe that chain just grabs your hair every time you wear it and you can’t take it anymore. Necklace styles change through the years, and many of the designs of the ’80s and ’90s look pretty dated right about now. Necklaces are also commonly given as romantic gifts, and if the relationship ends, that piece of jewelry might not be worth wearing any more — especially if the only thing it does is bring back unpleasant memories.

A Strong Market

Because the (Read More….)

The Effects of Inflation on Debt Agreements

Inflation is a hurricane in a consumer’s world. It comes inevitably, creating a disaster on the purchasing power of consumers, disabling business owners to maintain low prices and weakening the value of money. But for borrowers, inflation may be a beam of sunlight in the midst of their own storm.

However, this is only true if (1) you have an ongoing debt agreement with a fixed interest rate and (2) you received an increase in income—both of which happened while the inflation rate is continually rising. If these two conditions are not met, inflation then becomes a problem.

Why Does Inflation Happen?
Inflation refers to the increase in the prices of goods and services for a given time. There are plenty of factors contributing to the rise and fall of the inflation rate.

Forbes.com factors in a number of elements, including the power of the market to resist pressures, the push and pull of the asset market, the supply shock, and the pull of the demand. When any of these circumstances happen, the value of each unit of (Read More….)

The Cost Savings Associated With Working From Home

Working a typical 9-5 job at an office has many hidden costs associated with it that no one considers. People who work out of home spend extra money on many things, including gas and food. Many people are now beginning to work from home, and are saving money while doing it. Here are some ways that work from home individuals are saving money.

No Paying for Transportation

Many people who work out of home have a lengthy commute to get to their place of employment. Some have to drive half an hour, and some an hour or more. Individuals who work from home don’t have to worry about this at all. They don’t have to drink to get to work at all, their commute is non-existent. They wake up in the morning and fire up the coffee pot instead of the car.

No Extra Food Costs

When you work out of home the cost of food can really pile up. If you find yourself getting the munchies before or after lunch the vending machines can easily start calling your name. You may give into temptation, and spend some of your hard (Read More….)

Credit Cards – History, Technology & Latest trends

First of all what is credit? Credit is the process of selling goods or services even without cash in hand; it means you’ll be paying for your purchases earlier.  Credit cards are now very popular nowadays because it is a way of letting consumer do their purchases first before paying.  It includes its own account number which makes shopping transactions even faster with just a swipe.  All of your transactions will be recorded, including your identity, address, terms of payment and many more.

The history of credit cards started in the United States in the year 1920’s. Individual companies and firms like hotels, oil companies began issuing them to their consumers. There are however other references to this that cards have been made as far back as 1980 in Europe. Credit cards before involved sales between the merchants’ offer (which includes the credit card itself and the credit) plus the customer. In the year 1983, most companies are starting to accept each other’s cards and the latest credit cards today will now allow you to make purchases almost everywhere you go.

·The old credit cards were not actually made up of (Read More….)

How are Minimum Credit Card Payments Calculated

So you have a few credit cards and you work to pay the bills diligently every month, even though sometimes money gets tight, but do you really know what you’re paying? Often as consumers, we get complacent just paying bills as they come in without actually thinking about what this money is really covering. So how does the credit card company calculate how you pay them back?

In some cases, the minimum payment required each month is calculated by taking a small percentage of the total debt owed on your credit card. Typically this is between 2% and 5%, and you can usually find the calculation value listed on your credit card statement. In other cases, the credit card company uses a formula that takes 1% of your total debt plus the interest accrued for that month.

The real trouble for consumers with either of these payment calculation options is they maximize the amount of time you stay in debt. This means you take longer to pay your debts back. In turn, this gives your debt more time to build interest with each month that passes. Considering the APR on your credit card is probably higher than 15%, your credit cards (Read More….)

Analyzing Your Expenses: How Studying and Revising Your Spending Can Keep you Out of Debt

We’ve all been there: You’ve recently discovered that you have more money going out than you have coming in. It can be an absolutely terrifying, gut-wrenching feeling. You start to imagine yourself losing your home, being evicted from your apartment, calling up your friends and family begging for money, or becoming homeless on the side of the street.

Now, let’s not get ahead of ourselves just yet. We all get into financially sticky situations from time to time. It’s nothing to be embarrassed or ashamed about; it is, however, something you should be concerned with. Securing a safe financial future is of dire importance to living a life of financial and emotional stability. You don’t want to reach retirement age only to discover you don’t have enough money to support yourself in the years to come.

Sometimes when we discover that we’re running short on (Read More….)

Tips for Paying off Debt

Debt is a huge burden on many people’s shoulders these days. Student debt has gone through the roof as more and more colleges are raising their tuition, which then forces students to take out more loans to stay afloat. And then, of course, they have difficulty finding a good paying job after graduation, while their loans keep accruing late fees and interest charges in the process. But, students are not the only ones facing difficulties: the mortgage crisis lead to a near shutdown of the entire economy, and it has left people with hundreds of thousands of dollars in debt on their hands. Even the United States government is in its own national debt crisis and the budget gets bigger and bigger. Indeed, it seems as if no one is safe from the grasp of debt these days, but fear not, there are some steps an individual can take to relieve the burden of debt and get it paid off as quickly as possible in the process.

The first step in paying off debt is to always pay more than the monthly minimum payment when possible. Paying the monthly minimum only leads to the debt lasting longer and longer with (Read More….)