Preparing a Budget

Ok, you say, I know I need a budget, but how do I prepare one? The most common budget period is one year, but this can vary depending on whether or not your business has seasonal or cyclical fluctuations. For example if you run a Christmas decorations shop, or a costume shop your business is going to peak during certain times of the year. The budgeting process usually begins with the collection of accounting data. In order to prepare a strong and achievable budget, you must analyze each item ...
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An Infinity Mortgage ?

Here in Spain the concept of a mortgage period of 20 or 25 years is something new. The general feeling by the banks is that want their money back more quickly than banks in countries in which they are accustomed to longer periods. The borrowers are also accustomed to the idea that the guiding principle is to pay off the mortgage as quickly as possible. First Timers The problem for all those people starting out on the property ladder is the amount of money that has to go out each month to put ...
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Selecting a Good Credit or Budget Counselor

Selecting a GOOD Credit or Budget Counselor! Most of what credit counselors do you can do for yourself. But, if you’re too emotionally involved with your money situation to create and stick with a plan and negotiate with your creditors then using a credit counselor may be a good option for you! Credit or budget counselors, including those who are listed as being with the Consumer Credit Counseling Service (CCCS) or the Genus/National Credit Counseling Service (NCCS) are ...
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Can I Sell My Private Mortgage Notes?

In this country millions of homes are sold every year. In most cases buyers go to a bank or finance company to seek mortgage financing. In some cases, 200,000 in the U.S., home buyers rely on the seller rather than a financial institution to provide financing because: • The purchaser may not qualify for a traditional mortgage. • The purchaser may be a relative looking to save on closing fees. • The seller may be interested in having a long-term income stream. Often the seller is ...
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The Battle of the Budget

A lot of people I talk to tell me that they have a great idea for a home business, but when I ask them when they are going to start it up, more often than not they say something like, "Well, I would start, but I don't have a lot of spare cash right now," or, "I just need to get out of debt first." Debt is one of our most universally felt problems. Almost everyone has been in debt at some point. Debt can feel oppressive, frustrating and debilitating, but quite often it isn't as bad as it seems. ...
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5 Things In Selecting The Best Mortgage You Should Know

Your goal is not only to find the best rates and programs, by searching through a huge number of lenders products, and save yourself thousands of dollars on mortgage payments every year, but also, to save time and hassle by simplifying the loan process and reducing the paperwork. Here are some things you can keep in mind when selecting a mortgage provider. 1. Shop For Rates You should get instant online free quotes, and be able to apply securely online. 2. Apply Online Be able to use a secure ...
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A Different Kind Of Mortgage Broker

There's a different kind of mortgage broker on the block and they're giving conventional mortgage brokers a run for their money. With today's current economy, consumers have to be as budget conscious as ever, and it's showing in every consumer decision they make - including shopping for a mortgage. Gone are the days where the consumer waits with baited breath as to whether or not the corner mortgage broker can find financing for the home they want to buy. Say hello to today's new ...
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97% Of American Homeowners Overpay Their Lender In Mortgage

97% Of American Homeowners Overpay Their Lender In Mortgage Interest Every Month. If you own a home, have just re-financed or are shopping for a mortgage, you’ll be outraged. Housing: Americans across the country were shocked to hear of a new poll that states 97% of homeowners here in America are overpaying millions of dollars each month in mortgage interest. The National poll was conducted last month to determine how many homeowners take advantage of the prepayment loophole in our mortgage ...
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How To Save Thousands On A Mortgage Or Any Other Loan

Interest on the average home mortgage will cost the homeowner nearly TWO TIMES the cost of the home. If you were to purchase a $150,000 home with a $120,000 mortgage (80%), and you paid an interest rate of 9% for 30 years, you will have paid over $227,500 just in interest (in addition to the original $120,000). That's nearly two times the cost of the home! A credit card debt of $7000 (now the average) at 18% being paid at the rate of $20 principal plus interest each month will take over 29 ...
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