Which Credit Card is Right for You?

Online PaymentAs every person has different financial behaviors and goals, it is necessary for there to be a wide variety of credit card options on the market to suit these different lifestyle factors. If you are looking to obtain a credit card, here we offer three simple tips to consider when making your choice.

 

1) Know your credit score

 

When you check your credit score, it will reveal which card you are eligible for. A high score means more chance of receiving great benefits. You can improve upon your score by changing your spending habits and affecting your credit reports. Your bank can help you understand this process much more.

 

2) What do you need?

 

Not all credit cards are the same. There are cards that can improve upon your credit when it’s limited (e.g. Student or secured cards), there are cards that save money on your interest (low interest transfer cards), and cards that earn rewards (rewards or travel cards). Consider your lifestyle and spending habits to get clear on why you want a card in the first place. That will point you in the right direction.

 

3) Final Choice

 

When you narrow down the type of card you want, then you must choose between the many options of cards that are on the market. Though they are similar, examine the small point of difference and assess which one best suits you. Some secured and student cards will allow you to increase your limit later, for low interest options, you can create your own debt repay system, for rewards and travel cards there are different spending goal for bonuses required.

 

Basically, the small differences in each card can make a big difference in your overall benefits that you can experience for having a credit card. Which ever option you choose, be sure to have confidence that you can pay your debts in a timely manner and reach you financial goals in an affordable and efficient way.

Are you a business in need of accepting credit cards or online payment?  Contact ARX Payment Services at https://arxpay.com.

The Rise Of Digital Wallets

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The idea that you have to use cash as an every day payment method is increasingly becoming a thing of the past. This is fast becoming reality in the modern capitalist world with the advent of new technologies. Not only are the instances of card transactions dramatically increasing with banks making their credit cards more accessible for people, but also service providers for card payments are offering their efficient devices for use for retail stores around the globe. Gone are the days where only big, reputable businesses could afford a card processing device, now even small businesses are able to get their hands on one. Furthermore, online payments are being used now more than ever with more secure software for payments, as well as businesses getting on board with setting up online stores or billing methods.

 

One of the newest technological advances when it comes to spending is concept of the digital wallet. The reason for the popularity of this is that people who use a digital wallet are able to easily track what they have spent. Budgeting apps are extremely useful here, as this form of digital wallet can be linked directly to their bank accounts, to reveal their spending habits. With people being able to view their expenses in real time, without the need to go over paper receipts, this allows more control and certainty for people with this technology. Digital wallets come in many variations, from hand held phone device applications (as the most popular) to computer, online payment systems. Many people can link their license, health and ID cards to their digital devices to store this information easily on their phone.

 

If you are curious about how you could use this form of cashless shopping, then take a look at the vast amount of information and resources online that further explains digital wallet systems that you can download to your device, as well as more information on how to be confident that your information is secure.

 

If you are a small business owner, make sure that you make the move to digital payments as you can increase sales and make it easier on yourself to accept money. Don’t know where to start? Contact a boutique merchant service company.

3 Finance Tips For Families

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Among health kicks and career goals, New years resolutions often reference financial matters. Especially in a time preceding holidays, which more often than not break the bank, this can be a time where those with families feel the effect of overspending. To begin again and start the year fresh, we offer 3 simple financial tips for families.

 

#1: Be Budget Wise

Though it’s not the most enjoyable experience to sit down and do the math, creating and setting budgets is one of the most effective ways to be transparent in understanding your income and spending habits. Start with simple figures like monthly earnings from all contributions, and then get an overview of lifestyle spending of groceries, utilities, activities, school costs, etc. This will give you a basic idea of whether you are living in your means, or racking up more debt.

 

#2: Stay On Top Of Debts

Whether mortgages, loans or credit cards, make a list of all debts and be sure to know your plans of repayments for each one. Categorize into short and long term debts for more clarity. To really get on top of repayments in the most effective way, consult a financial professional to advise which debts you should repay first, and how often repayments can be made.

 

#3: Plan For The Future

ESPECIALLY important for those with dependent children, be sure to be future savvy and keep a retirement fund active in your savings plan. For couples, consider consolidating retirement accounts for an ease of calculating future budgeting, as well as minimising fees. Contributing to a retirement fund also ensures that your children will not have the burden of financial responsibility for you later in life, also consider life insurance policies, which include funeral costs and insurances.

Grocery Savvy Savings

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No matter the area of life, we are all looking to save money where and when we can. There’s nothing like the feeling of landing a discount or knowing that you got a great deal, and when it comes to grocery shopping, small savings overtime can make a big difference in our overall expenses.

Here are some of the best grocery shopping tips for you to keep in mind to enjoy future savings in the long run.

 

Make A List

Getting clear on what you need is one of the biggest ways to eliminate impulse buying and coming home with unnecessary goods. The very act of writing a list is no only helpful to refer to when shopping, but also can keep you accountable at the store when tossing up whether to get something or not – if there is no dire need, and you didn’t already list and budget for it, then don’t get it. Simple as that.

 

Scope Out Sales

Come prepared by searching the catalogues and taking note of the advertisements for sales before you go shopping, to ensure that you know what you can get that will save you money. Also, if it is something that you know you will definitely use in the future, like toilet paper or toothpaste, then stocking up on items that you would otherwise buy at a regular price later on, will be a great way to save on future grocery bills/

 

Choose Generic When You Can

For items that don’t need to be organic, or your favourite brand or of a higher quality – like sticky tape, napkins, simple canned goods – then opt for the generic brand. It’s nothing to be afraid of if there isn’t some fancy label or brand on it when you know your experience of the product won’t be affected.

 

Other money saving grocery tips include never shopping on an empty stomach, price matching from other stores, getting membership and rewards, and purchasing fresh produce from the local farmers market. Be creative, be prepared, and bask in the savings.

10 Simple Tasks to Begin Saving Money Today

mortgage savingsBudgeting and saving money can appear almost unrealistic when everywhere we go there is some kind of expenditure. How are people doing it? How do people remain committed enough? Well, budgeting can really be quite easy. That is, as long as you are actually dedicated.

 

These budgeting and savings tips are ones that you can start using today for a stable financial future. We are not suggesting you eat only once daily or sell all of your belongings. These are realistic and attainable saving methods that you’ll absolutely want to pledge to if you’re saving or planning a budget. 

 

  1. Sit Down With Your Money 

Update yourself every week on what you spent. Did you spend more than you budgeted for food or entertainment? Where there areas that you didn’t account for spending? Being informed on your financial standing weekly will help preserve your budget. Maintain your spending on a strategized, goal-oriented plan.

  1. Cut Out Cable 

Low-priced streaming services available, such as Netflix, Hulu, or Amazon Prime, make cable seem like an added expense you could live without. Cable prices will only continue increasing and are projected to surge to an average of $123 per month or $1,476 per year. That’s a fairly large quantity of money that can be saved for other financial purposes.

  1. Save On Food 

Food is an essential so you can’t really cut it out. However what you can cut out is your spending. There are numerous techniques to save on food that you probably haven’t thought of or dedicated to. For instance, strategize your meals for each week and cook yourself, organize a potluck with friends rather than going out, or make coffee at home. Dollars spent on a quick meal here and there can actually add up fast, so it’s all about planning. 

  1. Travel Financially Smart

Contemporary leverage lodging rental websites like Airbnb, Travelmob, or Housetrip, make it easy to locate a place to stay on vacation at a portion of hotel prices. Additionally, these places may have kitchens you can cook in (to save more money) and you can rent out your place at the same time (more money!).

  1. Work More 

This savings tip seems too apparent, but if your job allows it, be sure to do it. If not obtain a side job or freelance. Also, this leaves less time for spending. 

  1. Wait 48 Hours Before You Click “Buy” 

Don’t purchase items on an impulse. Especially in the age of online shopping, you’ll want to wait 48 hours before clicking “buy.” You’ll frequently recognize you really don’t need that extra jacket.

  1. DIY

There are endless “do it yourself” instructionals online to help you either fix things, create presents, or even make household beauty treatments. These will save you money and you can learn a lifelong skill.

  1. Impress Yourself, Not Others

Learn to be impressed with your savings development rather than trying to keep up with other people’s spending habits. Just because someone has an expensive car or purse doesn’t mean you need to get one. Impress yourself with your money saving skills.

  1. Chill With Your FOMO

The same idea pertains to the “fear of missing out” or FOMO. If your friends go out for drinks everyday, it doesn’t mean you have to. You’ll ultimately be happy with your savings triumphs and be less upset over a missed party.

  1. Don’t Get Discouraged

 Even if your savings don’t appear to be increasing exponentially, that doesn’t warrant you giving up. Begin by taking small steps and you’ll soon make a habit and then a lifestyle out of saving. Saving only one percent more is better than nothing, so do your best and stick it out.