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Archive for March, 2013

The Power of Your Personal Good Manners in the Workplace

Written by admin on Mar 24th, 2013 | Filed under: mindset

The below article has been provided by Todd McCullough – an independent blogger and finance researcher. He writes financial advice, business strategy and resource saving themed articles for financing and loan websites such as

Good manners and consideration for our fellow man has been at the foundation of civilised communication between humans, however in modern times the art of politeness has somewhat lost its way, particularly in the high pressure and efficiency orientated commercial sector. Take the time to reinvest time and effort incorporating a social strategy of politeness and manners across your business and you will see a guaranteed change in the attitudes of your not only your customers but also your staff and other business associates.

The following advice has been provided with thanks to who hope to restore manners to the work place, and although the following tips are pretty simplistic, they are so commonly forgotten that you should endeavour to consciously practice them on a regular basis until they become second nature to you.

It’s basic level customer service

Fairly obvious, customers expect to be treated with a certain level of respect and courtesy, if you fail to meet this lowest standard of civility you are destined to lose that customer forever. This can be as simple as one poorly trained or rude employee destroying the reputation of your business for a customer in one act of ignorance or neglect. You need to ensure the standard is maintained across every team member. On the positive side of this issue, striving to go beyond the expected basic level of customer service will be guaranteed to put you in good standings with the consumer and highly increases your chances of repeat custom and positive word of mouth about your service being generated from the satisfied and valued customer.

It demonstrates mutual respect

 The relationship between business and customer is crucial but one must also appreciate the nature of the internal relationships that allow the business to operate. Friendly behaviour and genuine politeness between peers ensures a more amicable work environment, people will feel more relaxed and enthusiastic about their work, and the staff will be more cohesive and adoptive of a ‘team mentality’ if they treat each other well. Of course this mutual respect should hopefully develop organically in the work place, what can often require more training is the professional conduct of superiors in the business structure regarding how they address subordinates of this structure. Any strong manager will advocate the value in treating those working beneath them with respect and courtesy. This courtesy from an object of authority can often breed a better understanding and commitment from workers as they feel valued and of equal value to the manager who is a team member simply performing a different role in the business structure.

 It makes your business more competitive

 In a competitive commercial environment a kind word and genuine politeness towards your customers can tip the scales in your favour. People respond better to kinder human beings it’s part of our social nature. This applies to every aspect of your business, be it negotiating with manufacturers and suppliers or discussing ideas with your work staff and overheads, maintaining a common denominator of decency and respect will develop a rigour to your business model that will help ensure long lasting success.

Payday Loans Can Get You Money Quick And Keep You In Debt

Written by Toi Williams on Mar 18th, 2013 | Filed under: payday loans

Payday loans are one of the easiest ways to get cash fast. Many people use these financial products as a place to help them pay bills, pay for unexpected car repairs, and other emergency cash situations. They’re also one of the trickiest loan products you can get involved with and have a lot of negative press attached to them. However, today there are over 20,000 payday locations across the U.S., issuing loans to those who apply for them. Here are some of the facts you need to know about payday loans before you apply for one.

Fees and Rates

Everyone interested in payday loans should know that the fees they will encounter are the most expensive compared to other loan alternatives. The loans you receive are very short term, typically lasting for a period of two weeks. You can extend these loans if you are willing to pay the additional fees, which range from $15 to $30 per for every $100 borrowed. The annual percentage for the interest rates associated with payday loans often work out to be in the triple digits.

Credit Score Impact

People try to use these and other types of loans to boost their credit ratings, however, it is difficult improve your credit with payday loans. Most payday loan companies don’t report positive payments, but they will report missed payments. Payday loans have a more significant negative impact than other loans because the terms are so short. Slow and late payments are reported more frequently than loans that have monthly payments. You’ll need to be certain that you are able to repay the loans back on time to avoid any impact to your credit profile.

Alternatives To Payday Loans

People who are considering payday loans should also research credit unions and small banks for personal loans. Securing a loan from a credit union or small bank will give you a better interest rate on the loan you receive and look better on your credit report. Some people who need extra money also consider credit counseling to help them bring down their monthly bill payments and dedicate the money that they save to an emergency fund account. Explore your options and you may be surprised at what you qualify for.

Does Credit Card Payment Protection Insurance Actually Provide Protection?

Written by Toi Williams on Mar 15th, 2013 | Filed under: credit cards

With so many uncertainties in life, many of us could benefit from having a backup plan to help us keep our finances secure. Credit card companies help put our minds at ease about our debt by giving us options to protect ourselves when hit with circumstances beyond our control. However, many people wonder about what true peace of mind they receive by signing up for credit card payment insurance with their card issuer. Here are the answers to the most common questions surrounding these protection plans.

How Does It Protect My Finances?

The first thing that most people want to know is whether this type of insurance can really help them if they are in a situation when they are unable to pay their bills. Once you have the insurance, you’ll have protection to keep you from falling behind on payments if you become disabled, fall ill for an extended period, or lose your job. Cardholders can pay a fee of approximately $1 for every $100 of their monthly credit card balance towards the protection.

When Can I Use It?

Credit card companies will activate the coverage once you have filed the required paperwork for your particular situation. This means that you’ll need to contact other agencies, like your insurance company or the unemployment office, before coverage can begin. In many cases, you’ll have to be out of work for at least 60 days before anything can happen. This is something you want to keep in mind when considering this type of coverage.

Will It Take Care Of My Debt?

People are often misinformed about what this coverage actually does regarding the payment of credit card bills. Most plans will only defer your payments until you are able to start paying on the account again. The details of how long the coverage will stay in effect varies depending on what company insures you. In rare cases, the accounts balances are waived, but this normally only happens when the covered party is deceased. If you are expecting to have your bills waived completely, you’ll want to consider other alternatives to the credit card payment insurance plans available.

How Avoiding Credit Card Fees Can Help You Eliminate Debt

Written by Toi Williams on Mar 14th, 2013 | Filed under: credit cards

The price for convenience is higher than most people think when they use credit cards. Those who use credit cards on a daily basis are often spending unnecessary money in fees. The money they pay credit card companies beyond the normal interest charges can be put to use by paying other bills or debt. Here are some of the ways you’re being charged and what you can do to avoid those charges.

Types Of Fees

Most people using credit cards know that additional fees exist. The fees include maintenance charges just for having a credit account, late payment fees, and transaction fees just for swiping your card to complete daily purchases. With so many ways to be charged, it makes it difficult avoid additional costs assessed by credit card companies.

Avoiding Maintenance Fees

Maintenance fees are charged for a number of reasons, including keeping an account open, sending monthly statements  and even for issuing the credit card itself. You can avoid the extra charges in most cases by understanding your credit card company’s cardholder agreement. Most agreements explain how to maintain certain balances on your card in order to exempt you from fees and others require a certain amount of usage throughout a given period of time for the exemption. If you notice you are being charged additional maintenance fees, you can also contact your card company and ask them to waive the fees altogether. Fees for account maintenance will often cost you up to $300 per year.

Avoiding Late Fees

Late fees are assessed when your payment isn’t processed by the due date. To avoid this hassle, you should pay your bill a day or two early to avoid any processing delays. Another way for you to evade these charges is to setup an automatic bill pay option directly from your checking or savings account. Payment due dates can be moved to accommodate customers to help keep payments on time. Late fees can be as high as $35 per occurrence, costing you money can be used to pay down other bills.

Eliminate Wasteful Spending With These Three Techniques

Written by Toi Williams on Mar 7th, 2013 | Filed under: mindset

Everyday, there is a good chance that we are spending money on something we don’t really need.  Becoming aware of how you spend money will be vital to your savings success.  You can reduce wasteful spending by starting out asking questions before you decide to spend, creating smart budgets, and being proactive with managing your money. These three simple techniques will give your account the boost it needs and once you stop wasting money, your savings account will grow quickly.

Ask Yourself Questions Before Making A Purchase

Asking yourself questions before you make purchases will significantly reduce unnecessary spending.  Start with questioning every purchase you make and ask yourself whether you need the item.  You should also ask yourself what is influencing the decision to buy.  The answers you determine to be correct will help you decide the appropriate action.  In many cases, you may find that you do not need the item as much as you first thought.

Pay Bills On Weekdays

If you set aside time on the weekdays to pay your bills, you will unintentionally save yourself money.  Paying bills on weekdays reduces the amount of money in your bank accounts before the weekend hits.  People instinctively start conserving money when balances appear low.  Wasteful spending on unnecessary entertainment and non-essential items can be greatly reduced by following this simple payment technique.

Pay With Cash

Many people who are able to save large amounts of money decide to spend only when they have enough cash to cover the entire cost of a purchase.  Using cash makes people spend their money more cautiously as physically trading cash during purchases makes spending money feel more realistic than swiping a credit card.  Seeing where the money is going slows down impulse spending. Consider giving yourself a weekly budget in cash that is a responsible amount that helps you save money.