Leasing is a Practical Option – Find out How
Leasing equipment involves more than an agreement that is decided between two parties for using the aforementioned equipment for a specific period of time. You have to shell out a certain sum too, which is the payment for the lease. There has been quite a lot of debate if you should own the equipment or lease it, but you need to remember that the use of equipment will get profits, not the ownership. You also have the freedom to take your pick when it comes to the equipment and the supplier. [Read more…] about How much equipment can I afford to lease?
Continue ReadingHow much could I save over time?
How much could I save over time?
Tips to Save Money over a Certain Period
Let’s face it; inflation is at its highest with the cost of living rising every day. Each one of us wants to live a comfortable lifestyle and save a good amount of money at the same time. Unfortunately, this is easier said than done, because we often tend to slip up when it comes to spending habits, which lead to dwindling savings and maybe debt. [Read more…] about How much could I save over time?
Continue ReadingHow much can I afford to lease?
How much can I afford to lease?
Blunders to Avoid while Leasing Equipment
Leasing equipment from a firm can’t be done on a last-minute basis. You need to shop around so you have a clear idea about the different kinds of rates and which would be the best suited for you. The amount you can afford to shell out for leasing equipment also plays a major role.
Here are a few common blunders to avoid while leasing equipment:
Lowest Rate
Deciding solely on the basis of lowest monthly payment is a huge no-no. Total lease pricing can’t be computed based on these sums. You need to list and analysis your priorities when it comes to a leasing arrangement. Incorporate factors such as balance sheet considerations, tax considerations, selecting the right leasing partner, choosing the correct form of lease, getting proper flexibility, and staying away from extreme lease terms. [Read more…] about How much can I afford to lease?
Continue ReadingWhat is my future value worth today?
What is my future value worth today?
Investing in the Stock Market? Check out these Tips
Before investing in the stock market, there is one thing you need to remember – trends keep changing in the blink of an eye, so if you hear a negative buzz about the stock market, it can also turn into positive news in the next cycle. It takes some time to be well-versed with the ins and outs of the finance world. [Read more…] about What is my future value worth today?
Continue ReadingWhich is better for me, a Traditional IRA or a Roth IRA?
Which is better for me, a Traditional IRA or a Roth IRA?
How to make sure you are well taken care of post-retirement? The commonly used retirement plan is usually 401k that is sometimes set up by employers for their company personnel. However, for self-employed people, and for those who don’t have a 401k plan, there are two other options available as the primary retirement account – Individual Retirement Accounts (IRAs) and Roth Individual Retirement Accounts (Roth IRAs).
What are IRAs and Roth IRAs?
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Continue ReadingWhat is my loan rate?
What is my loan rate?
When it comes to structuring home loan rates, there are several ways to do so, but we will choose to focus on the two most common ones – Fixed Rate Mortgage (FRM) and the Adjustable Rate Mortgage (ARM) Their main difference, as is evident from the terms, is the interest rate based on the loan amount over time, which can vary depending upon the pre-decided rate or as per the changes in the index rate applied to your loan.
Definition of FRM and ARM
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