freedom account

How Your Credit Scored Is Calculated

Getting approval for any loan depends on your credit rating. If you have an average credit rating, you will find it almost impossible to get approved. It’s possible to obtain an excellent score or even improve your credit rating. Most companies almost use the same rating system, and if you can know more about it, you should be able to have a better credit score.

Your age is the first factor which it’s almost impossible to do anything. Yes, it’s possible to lie, but don’t because it will make things more difficult for you in the future if the creditor gets to know. If you are between 24 to 64 years of age, you will get one point. Any age below or above that will score you zero points.

If you are married, you have a chance of adding an extra point to your score. If not, you still score zero as most creditors see you as a higher risk. Also, if you have no dependents, you will score zero. But if you have between one to three, you will add to your points. Here is how it works – if you have no dependent creditors believe you can skip town and not pay off your credit.

Creditors will also want to know more about your roots. They will want to know where you live. Owning a home with a big fat mortgage or even without a mortgage will give you more points. How long you stay in your present, or the previous residence also adds more points to your score. If you’ve moved so often, you will score zero points. However, if you’ve stayed up to 5 years before moving, you will surely get more points. It shows you are an excellent risk to them.

Other factors that will add to your points are your years on the job (the longer, the better), kind of situation, your monthly income, present debt status, previous credit history, and your saving or checking account(s).

Your credit score is usually rate between 350 and 850. The lower your score, the more difficult it will be to get a loan. Scoring 800 or above should be the goal of every consumer. Below is a list of short tips on how to achieve 800 credit score or above.

Limit the number of credit cards you sign up for at a time. The more cards you carry, the more debt, the credit issuers will have to consider. If one card is not enough for you to make sure you don’t sign up for more than three cards. Also, make sure that you don’t go out with more than one card in your pocket. That way you will limit your purchases when you are outside.

Make sure that you make your payment on time, if possible before the end of the grace period if it’s part of the service. Late fees will affect your credit score adversely.

Whenever you want to apply for credit make sure that you don’t ask for too much credit often. Credit reporting agencies may score you low as it means that you can’t live without credit.

Another thing that reporting agencies consider in scoring you is outstanding balances on your credit account. If you are the type of consumer that often exceeds their limit you are risking your credit score. So, make sure you don’t exceed 30-35% of your available credit. It doesn’t make sense financially always to spend all your credit at a time.

We hope this information was beneficial. You can have anything you want if you are enthusiastic about putting in the time, effort and plans to get to your goals. Discover the secrets why the rich stay rich and the poor stay poor. Click Here to view a video with more life tips!

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Manage Money with A Tight Budget

Often, the average salary earner garners just enough money to support and be on a break even with the numerous bills and fees presented to him. There is a common misconception of having to manage money with a tight budget in terms of being given the image of incapacity or lack of capability. However, in an optimistic point of view, having to manage money with a tight budget brings out the good qualities that a human being has in order to survive and exist in harmony with the demands of society. This only requires self-reflection and responsibility to focus on self-needs and thinking.

Tight Means Availability

Having a tight budget would mean that we are able to discern what things are available to us and allows us to properly identify and rank the things we need instead of what we want. In addition to that, we can choose and deliberate on the better benefits that we would be getting from choosing a better alternative than the one we would normally want.

The resources and basic needs of a person are already available in the society. Even as simple as the simple grocery items that we need for the maintenance of our homes is marketed in different brands and their respective offers. All we must do is know and understand the fine printing of each product and know what we really need at the right time.

Tight Means Better Responsibility

Having to deliberate on the hierarchy of needs we should be spending our hard-earned money brings out and develops our sense of responsibility. This responsibility ranges from the actual management of money for needs rather than wants and applies to the choices that we make to manage our existence. We are also developed into thinking about what we must do at certain stimuli presented to us. In this aspect, we learn to juggle and balance a very complex management system and practice perfection and efficiency from within.

Tight Means Better Management Practice

Being able to practice proper management would bring about a more efficient means of existing without much problems of having to look after things other than what we expected. For example, a credit card should be used to acquire things that are not accessible for normal acquisition or when an emergency is at hand. Still, having this power to have advanced “money” in the form of a loan does not mean that we should be using it as normal as if we had the actual money. Remember that this is borrowed money and therefore should be paid back. That is why sometimes a credit card is better left at home to lessen the chances of mismanaging money due to a subconscious thought that we can bend our budgeting anyway.

Tight Means A Means for Proactive Goal Setting

Human nature dictates that when provoked, a human fight back. This is a common and usual occurrence for any aspect that deals with human existence, including managing money for survival and living. When a human is presented with a tight budget, he is presented with a limitation that restricts his freedom. A normal response would be that the person finds ways in which to ease up a little bit of restriction one step at a time. This should ideally be the flow of thinking of proactive goal setting.

Have a plan of projecting yourself several years in the future and look at what you want and need, and plan. This also includes having to find ways of earning a bit more to add to the efficiency of productivity over time. Remember that the way to manage money with a tight budget is to look at it as a stepping stone to look for greener pastures, not as a wall to block your aspirations.

Earn Money at Home with Unique Home Employment Opportunities

Now you can earn money at home with unique home employment opportunities such as offering credit solutions to others, money brokering, free affiliates, etc. Here are some great tips to get started.

For stay at home moms, retirees and anyone that wants a new job, home employment may be the ideal solution. There are many ways to earn money at home within reach of anyone who wants to find them. Join the more than three million people estimated to be working at home now.

Many Advantages when You Earn Money At Home

Anyone willing to work will be able to have a successful home-based business. Whether it is full or part-time is up to you. It doesn’t matter if you have children at home, or have other obligations, you can work at your own pace, and on any schedule you choose. You will be able to earn money at home without having to leave the comfort of your own surroundings.

Think of the advantages of working for yourself at home. You won’t have rigid hours and bosses to answer to. You can have your own business with the computer or other equipment you already have, without costly offices and overhead. You will have the freedom to make your own decisions and will eliminate the stress and costs of commuting.

Working For Others At Home

There are numerous possibilities for home employment. Depending on your interests, you can work for yourself or other companies and earn money at home. There is a unique need for assembling products at home for all manner of companies. There are directories offered on the Internet that will give you a comprehensive listing of companies needing workers.

By purchasing a directory like this, you will be able to study the entries and pick out one or several that appeal to your interests or skills. There are also companies that will pay you to do clerical and computer work, telephone polls, background checks, and process insurance claims.

Be Your Own Boss

If you would like to work as your own boss and earn money at home, there are services that people need and will pay for. Helping people find credit solutions and money brokering is an opportunity that’s in demand today, and you’ll need no prior experience. Some companies will train you in these services. You will collect the fees yourself without going through a middleman.

Start Your Own Business

If you have a unique product or service to offer, you may want to open your own Web business. There are sites on the Internet that will help you get started, and many are free. Another way to earn money at home is to join a free affiliate program online and sell the products of others through your own website. You can earn extra cash by advertising for other companies and receive commissions from the sales it generates.

For anyone with ambition who wants to earn money at home, the sky is the limit. Start looking now for the kind of job that you would enjoy doing at home. Make your life more fulfilling and profitable by taking control of your destiny.

Manage Money Without Depriving

It is a fact that there would always be a system wherein we will not be getting everything we want because of financial limitations. In short, we cannot have everything at the instant we would want it. There would have to be planning or if not, some careful deliberation about whether we would be getting the item we want or not. This is because sooner or later, finances would always fall short of the expenses. That is why we manage our money and budget for the things that we would want to acquire. Nevertheless, when we manage money without depriving, we would want to be able to enjoy a certain degree of satisfaction and fulfillment without compromising our savings.

Deprivation would mean curtailing our freedom to the point of not being able to enjoy some of our hard-earned resources. Though it is an irony that we are already limited with finances and yet would not want to be deprived, a balance of enjoyment and requirement is what dictates the existence of deprivation if ever.

Earn More

One of the most common means of people to raise the level of financial freedom is to earn more by working more. However, this is limited with the many social factors which include the degree of educational attainment, time, job availability, and often, personal accomplishments.

Some may get lucky to be in the lighter side of personal assessment by the human resource personnel and be accepted for a job despite the incomplete compliance of requirements. There are also some who, despite their educational attainment and personal socio-civic accomplishments, are still not able to land a job they desire due to a personal prerogative of the recruiter to not accept the applicant.

What this presents is a semi-random chance of a person to fully comply with all the factors which constitute the landing of another job than the current one.

Save More

A classic means of how to manage money without depriving is to focus on saving the excess money that flows in the household after deducting all the other monthly expenses and bills. Saving money means having money when the need for an important expense is required.

Saving more would merit to having more extra cash, but also poses a paradox in a way that when you save money, you are already keeping that for something projected as an event that could happen. In this manner, there would be a difficulty in using that fund intended for an important thing to be spent on something that would just be for leisure and satisfaction.

Learn to Be Content

The degree of limitation and deprivation on a person’s financial resources are dictated by the personal level of satisfaction. A person’s idea of contentment is the same as his perception of what he needs and wants. A person who is “want” oriented will always be seeking for things that may already be unattainable at the current financial level and would feel deprived of such. On the other hand, a person who is “need” oriented would be able to do away with leisure and may also feel deprived deep inside of finer things that may have been acquired.

The key to managing money without depriving is to learn to already accept what is possible to be attained and work from there. If there is a rather unattainable thing to spend money on, then that is the time the person should plan and think about the means to reach that and make that attainable.

You can have anything you want if you are willing to put in the time, effort and plans to get to your goals. Discover the secrets why the rich stay rich and the poor stay poor. Click Here to view a video with more life tips! In closing, We invite you to share your comments on this subject and the other posts. If you find the information useful, Like & Share us on Facebook, Google Plus and other social media platforms. Remember to keep an open mind and Shift 4 Freedom.

Best Saving Accounts What Must You Look For

Most people begin their financial journey by opening a regular account which they use for nothing more than depositing and issuing checks. A lot of these people allow money to remain in these accounts till it reaches an amount and then they begin looking at options for saving accounts. It is needless to mention as to why people would want the best saving accounts they can get at this stage, because their financial life is almost on the verge of or already has become stable. The account they are opening now is an instrument of savings. This can be call a freedom account.

Probably you are contemplating on opening a freedom account too. If you are doing that, there are certain things you must look for. One of the first things that you must remember is that the bank or credit union where you have your regular account is not necessarily the bank or credit union with the best saving accounts too. With a freedom account, the stakes are higher because banks or credit unions must pay you interest on the deposits that you make. Naturally, the bank or credit union that can provide you the best rate of interest will be the best saving account bank or credit union for you.

Understand what is a freedom account all about. The freedom account is where you set aside into a savings account from 3 to 10% of your total income each month for education, self-improvement, or asset building investments only. Not for personal or entertainment items that cost you money. It is called a freedom account because it’s goal is to help you free yourself from the credit rat race. But there are some other considerations to make here.

Here we list the five important points you must look at when you are scouting for banks or credit unions that can provide best saving accounts.

(I) The first thing you must look at is naturally the rate of interest. Since it is the bank or credit union that will be paying you the interest, you must select the bank or credit union that provides you the highest rate of interest. This should be one of the primary points that you should be looking at, but certainly it should not be the only point.

(ii) The second thing you need to check is the amount that the bank or credit union needs you to deposit so that you can open the account. Different financial institutions have different limits here and hence you need to ask them personally or check their written brochures.

(iii) Since these are savings accounts, you will need to keep some amount in the bank or credit union each month. This amount is called as minimum deposit. It acts as a kind of security for the bank or credit union as well as it helps you to save that amount of money, adding more meaning to the concept of savings accounts. But you must see if you can afford to keep this minimum deposit with the bank or credit union because if your total deposited amount goes less than this, you must pay an additional charge.

(iv) There may also be a limit on the number and the amount of withdrawals that you make from the savings account. See if that meets your needs. With some banks or credit unions, you can make more withdrawals than the number that they allow but you must pay an additional charge for that.

(v) One more point that you must check is the notice period before you can make a withdrawal, which is typical of most savings accounts. If this period stretches out to too long (in some banks or credit unions it could be as much as three months), the account may not be suitable to your needs.

Hence, choosing best saving accounts is not a very easy task because there are several things that you need to consider. But being aware of what you need to look at, you are liable to make a better decision.

Don’t try to set all your goals in one day – instead, Click here to view a video with more life tips! In closing I invite you to share your commits on this and all the posts. Like us on Facebook and Google Plus. Remember to open your mind and Shift 4 Freedom.