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Thursday, December 7, 2017

How much of a down payment should you put down for your new or used car?

If you are in the market for a new or used car, the ideal situation is to pay cash. Unfortunately, not many people have the disposable income to purchase a car outright. That means that most car buyers have to deal with financing their vehicle. The key to keeping your equity high and your financial head above water is to finance as little as possible and to have a set budget before you go shopping. You will also want to stay within that budget, no matter what options entice you to extend it.

The best way to keep your finance costs low and to be approved for a loan is to have money to put towards the purchase. Most lenders see a down payment as you committing to the ownership of the car. Not only does it mean that they have less risk in lending, but they also see that you stand to lose something if you should fail to make payments.

Should you trade-in your car?

Trading in your old car is an excellent way to provide a down payment for a car. People often think that selling their car privately will get them more. But the reality is that the process of selling your used car can be arduous, and if you do sell it you will end up paying a whole lot in taxes. There are also times when Surrey dealerships will take money off the price of a car if you trade in your used car, to put towards a new one if you buy from their dealership. This is winning all the way around; in most cases, selling your car independently doesn’t make much sense in the long run.

If you want to increase the chances that you will be approved for a loan and get into a better car with less mileage and fewer repairs needed in the short-term, saving money for a down payment is a great idea. If you can, cut out those impulse buys that you don’t need and put money away for a couple of months while looking for a vehicle. Once you find the one you want, you should have a little extra to put toward the purchase, which will work by both decreasing the amount you owe and maybe even lowering the interest rate that you can get from the lender.

The more you put down the more you’ll save in interest

In general, the more that you put down for a car, the less you have to finance. The key is to not strap yourself by putting all your savings or your rainy-day fund into a new or used car. If you put in a down payment and leave yourself penny-poor, if the car should need repairs or something else unexpected happens, you won’t have the reserves to weather the storm. The last thing you want to do is to put yourself in a position where you can’t make your car payment. That will not just risk you having the car repossessed; it can ruin your credit for a very long time.

Calculate the amount you put down as a part of the total equation. If you have a certain amount that you feel comfortable putting towards the car, subtract that from how much you want to spend and have a figure in mind. The worst thing you can do is to walk into a dealership telling them how much you can afford each month and how much you have to put down. There are many options that they will offer to lengthen your loan term or make other adjustments to get you into the car that you want. But if you don’t have a figure in mind, then it is easy to get in over your head and end up paying much more for a car than you should or taking out a loan that will strap you for a very long time.

If you don’t have the luxury of waiting to save money and you don’t have a trade-in, then the answer is to find an affordable and reliable car that will get you from A to Z. While you are driving the car that might not be your dream, focus on saving for the future, so that someday you can drive away in the car you want. Good things always come to those who wait for the right opportunity. If you have the time to save, do. If you don’t, don’t overspend -- period.

Monday, November 20, 2017

How not to botch your POS system

The point of sales are one of the most recent technological advancementsThe POS refers to a shop or retail store with a cashier counter/a checkout point or any other location where such transactions take place. Similarly, it can apply to an original or traditional point of sale. Additionally, it includes but not limited to scales and pole displays, receipt printers, barcode scanners, touch-screen displays, and electronic cash register systems. They are utilized in various industries ranging from restaurants to stadiums. Such systems are offered by a large number of companies. If you are interested in implementing Clover POS System through Merchant Account Solutions, here are a few tips to not botch your point of sales systems;
1.    Your System Must Have These Qualities: Your POS system must have these five key qualities: (1) Checkout Tools: the system must include auto-pricing and scanning to improve accuracy; (2) Employee Management: the system must comprise features for tracking employee hours, payroll and schedules; (3) Customer Management: your system should collect valuable information from the customers for loyalty programs; (4) Inventory Management: your system need to feature tedious inventory counting and reordering; and (5) Sales Reporting and Analytics: your system should also offer transparency in the business data. 
2.    Staff Engagement from the Start of the Selection Process: You must work on pinpointing the main points of your staff for understanding the qualities that your company or business needs the most in the POS system. For example, if you are running a food point and your staff complains about lack of communication in the kitchen, then you must provide functionality to support the communication process of your business. 
3.    Train Your Staff: You must train your staff about how to use the POS system correctly. It will save you time and money in the future. This training can be done through online resources such as support forums and knowledge bases. Another option can be the instructor-led courses. Additionally, you can train only one individual from the staff, i.e. a point person, who will then train the rest of the team members. 
4.    Launch POS Mobile System: You should also launch POS mobile system as you implement the basic POS system. It is a big change. It allows you to adopt newfound mobility by dealing with the customers in taking and placing orders and making payments right at their doorsteps. However, you would need to train your staff to enjoy the operational benefits of the POS mobile system. Remember, along with its benefits there are a few drawbacks too.
5.    Setting up Security Measures: You need to involve technically with your POS system as well. Security ought to be the first concern. One method to achieve it is to purchase an EMV (EuropayMastercard, and Visa) complaint system. It assists you in keeping record of the transactions being made on your system. Compliance is the key to ensure good performance of this system. Another option can be the safe measures to deter theft byyour staff. It notifies about the suspicious number of voids or no-sales within a given amount of time. It prevents the staff from giving away free food or drinks to friends or other random people.

Sunday, September 10, 2017

Cryptocurrencies: What are they and why do you need to learn about them?

The importance of money as a method of arbitrating one’s asset has been known to the humans from as early as the later parts of the Stone Age. It all started with treating the stone nuggets as a form of currency and grew into the use of iron tablets, silver and gold coins, bronze coins, and now paper and electronic money. It’s a noticeable fact that as the number of people owning money increased in the transition of going from the stone nuggets to paper currencies, the value of each unit of money decreased by time.

This went on until the time when the banks stepped in and digitized the currencies for storage and transactions as well, and this was the time when money for the first time became digitized. Digitization of the money actually gave way to the concept of cryptocurrencies which is completely different from the regular currencies that are stored in banks and are transacted through digitized mediums, like credit cards, debit cards, and internet banking as well.

What is a cryptocurrency?

Basically, cryptocurrency is an online form of currency or money that uses cryptography or encryption, which can also be known as a digital asset. These are probably the safest mode of currency that is present today because cryptocurrencies are not physical currencies, but are a set of codes that use blockchain technology. Basically, blockchain technology encrypts the currency which makes the money completely secure for transactions.

While the security and ease of exchange of cryptocurrencies make them a good medium for currency exchange in the future, very few people have an idea about them. However, the scenario has been changed in the recent years after the introduction of various cryptocurrencies, especially Bitcoins which have risen to popularity within a very short span of time. People are now starting to invest in these cryptocurrencies and even some governments have recognized these digital currencies.

Because of the fact that the cryptocurrencies are termed as the future of digital currencies, there’s a dire need of educating more and more people about these digital currencies. One of the best platforms of doing that is the icoinpro website that allows the people to learn about the various digital currencies and even provides them a trading platform.

If you’re still skeptical about learning and investing in the cryptocurrencies, here are some benefits of them that could make you think otherwise:


One of the most important benefits of using cryptocurrencies is their security. These currencies are encrypted through a blockchain technology, which is almost impossible to hack through. The other most intriguing feature of cryptocurrencies is each of them carries a different set of codes, which makes it very difficult to counterfeit it. This ensures that you stay away from frauds, counterfeits, hacking attempts, and other things.

No third party involvement

Usually, while transacting with other people using the debit cards, credit cards, or net banking, there is always an involvement of a third party. It may be the bank, central government, or even any third party application, like PayPal, which could be involved in your transaction. Although these mediums help you by tracking your transactions to make sure that they’re secure, they charge some amount of money for their involvement.

In the case of transactions involving cryptocurrencies, there’s no need for any third party involvement. This is because the cryptocurrencies don’t have any central body to govern and track it. The transactions and the transfers involving the cryptocurrencies are done through the public and private keys that are encrypted and very secure.

Access to everyone

There is more than 2 billion people world having access to the mobile phones and the internet, who don’t have the access to the traditional exchange. These people are well-informed about the cryptocurrency market and they can have access to this currency whenever they want. This literally means that the cryptocurrencies are available for everyone present on the planet to have access to.


The cryptocurrencies are managed by a global network of computers that use blockchain technology to manage the database and records of the transactions done through these currencies. This means that there is no central authority to govern and make rules on the transactions taking place through the digital currencies. It purely works on a user-to-user basis, which means its decentralized.

These are some of the major advantages of cryptocurrencies, which makes them a thing of the future. However, it’s not completely evolved and might take some time for the people to know about these completely. This is why it’s recommended that people should start learning about this future of currencies from sources, like icoinpro. If you’re still skeptical you can check for the icoinpro review on the internet, which could help you in knowing the importance of learning about cryptocurrencies.

Ways budgeting can be easy for your business

There is plenty of budgeting advice out there for personal finances, but what about businesses? You have probably heard some disturbing statistics about small businesses. Only a small minority of new businesses established this year will still be operating five years from now. Even successful businesses usually take a few years before they can become profitable. A lot of these problems can be avoided or mitigated through proper budgeting.

Start by applying for an EIN the easy way

Before you can file a tax form for LLC taxes or any other business taxes, you need an EIN. An EIN (Employer Identification Number) is like a social security number, except for a business. The fastest and easiest way to get an EIN is to fill out an online EIN application. When you use GovDocFiling to fill out an EIN application form online, the site will send you a confirmation by email usually within an hour. This email confirmation will contain the EIN of your new business. You will then be able to take the next steps in getting your business started. For the EIN to be truly official, you will have to wait about four weeks to receive a confirmation letter by mail from the IRS.

Keep detailed records

The best way to keep your business within budget is to keep accurate records of your income and expenses. Accounting software can be helpful for categorizing your income and expenditures. The software makes it easy to see if your business is spending too much money on a certain type of expense. Another advantage of accounting software is that it makes it easy to show your tax preparer which of your expenses are tax deductible.

Saving time with online Tax ID forms and accounting software makes it easier for your business to save money. Be smart about budgeting when you’re forming and maintaining your corporation.