Think Credit Scores Do Not Apply To Young Adults? Think Again

By the time you turn 28, you will probably have a career and possibly a family. When you want to make big purchases like buying the car of your dreams or buying a house to raise a family, your credit score becomes more important than ever. Your credit score is also referred to as a FICO score and is typically a number between 300 and 850. Bank lenders who will loan you money for a house or a car will look at this score very carefully before lending you the money and deciding your interest rate. According to the article Starting Out by Kelly K. Spors in The Wall Street Journal, FICO scores above 760 qualify you for the best loan terms, while scores below 600 can mean unappealing terms and higher interest rates – or bar you from getting a loan all together. The breakdown of the FICO score includes a 35% weighting for payment history; 30% for the amount owed, especially as compared to your credit limits; and 15% for the length of your credit history. Also, having too many credit inquiries and loan applications by you or too many accounts opened in a short time can hurt your score.

So I made a mistake, how do I improve my credit score?

1. The first thing to do is to start paying your bills on time. If you have Internet access, it may be a good idea to set up an automatic bill pay (either through your bank's website or the actual credit card or loan company's website). This way, the bill will be deducted out of your checking account at the same time every month and will reduce your chances of your payment being lost in the mail. Paying your bills on time every month for about a year will dramatically improve your score.

2. The second thing to do is to check your credit report from all three major credit bureaus once a year. If you check it more than once a year, this may hurt your score. You can access your report for free at http://www.annualcreditreport.com . Be careful, many sites say they provide free credit reports but there is often a catch. Identify inaccurate information in your credit report and write a letter to the addresses listed below explaining your situation.

Equifax PO Box 740241 Atlanta, GA 30374

Experian PO Box 2104 Allen, TX 75013

TransUnion PO Box 2000 Chester, PA 19022

3. The third thing to do is to be smart with your credit. This means avoiding mall shopping sprees or playing online poker. Use your credit cards wisely. It is also smart to keep your credit card balances at 30% or less of your limit. This keeps your score up and leaves room on your credit card for emergencies like auto repairs and house repairs.

Copyright 2006 Debt Management Credit Counseling Corp.

Be True To Your Finances

Money will never be enough. Whether you earn $100 or more there will always be room for more and more needs and wants in your life. Currently I earn twice as much as I used to earn two Years ago but my expenses are also twice as much. If you do not watch out on the trend you take with your needs and your income, you will get frustrated and think the problem is with money yet you are the one causing the problem.

I prayed for wisdom on how to spend wisely to avoid pitfalls and I got help. I have not reached the peak but so far I am very happy with the way I manage my finances. At this point in time I will give you tips on how to manage your needs and wants in regards to money and avoid going overboard. The secret is to live within your means and this is how

1. Write down your daily needs and wants that you spend on and divide the needs and wants into three categories; Daily, Weekly and Monthly

2. Beside each category write down the needs and wants and how much you spend on them. Be honest with yourself do not underestimate or overestimate, you have to be on point. If you over/under estimate you will not make it. Prices do not change within a short period of time so you will have to go to a grocery shop or supermarket to get the exact price of the commodity you buy daily, weekly or monthly.

3. Find totals for each category, for example, your daily category must be multiplied by thirty for you to know how much you spend in a month and the weekly budget by four. Add up your totals and see how much you spend.

4. If your budget exceeds what you earn, then you have to review your needs and wants and be disciplined enough to reduce your wants at this moment and check whether your needs may also be overboard. If you find that your needs are expensive, then you should find a place where the same needs can be bought less expensive, for example; instead of buying tomatoes or other raw vegetables and fruits from a supermarket try getting them from a local vendor. If the house you are staying in is eating up your money move to a descent less expensive apartment.

5. Stick to this budget and consult it regularly, go back and check whether you are on track or off track. Try this for just a month and you will see a very big positive difference and you will even manage to save money.

4 Ways to Target Mobile Micro-Moments and Boost Your Sales

The goal of every brand is to create a strong bond with customers whenever they need them. Keeping your brand visible before your potential customers during various micro-moments is crucial for your brand success.

Micro-moments refer to a short term of attention any potential customer uses on a mobile device in order to buy, search or watch something.

Mobile is no longer just a tendency and micro-moments are here to stay. Here are some effective ways to target mobile micro-moments and boost your sales:

1- Identify the Right Micro-Moments For Your Brand

As per Cassandra Wesch, Founder of the digital media agency, Upward Ecommerce, “Identifying opportunities to share relevant micro moments with your customer make it easier, faster, and more fun to connect with your brand”.

For a hotel owner, it would be great if the customers are able to check in immediately without having to wait in the queue.

From the customer point of view, the micro-moment happen when they are traveling and wanting to get into a hotel room without having to wait in line to check-in.

Well, you can do just that with the help of Starwood app. The customers are able to check-in right on the app.

As soon as the customers enter the hotel, the beacons recognize that the customer is there. Verification is done with the help of a fingerprint (if you’re on an iPhone), the app provides a room number, and then you simply hold your phone up to the entranceway and can go right into your room. That’s an amazing way for a brand to help the customers in a micro-moment.

2- Your Brand Should Be Seen Whenever the Potential Customer Needs You

As a brand, being present in all phases of consumer journey, not just when someone is ready to buy, is where the biggest opportunities exist. Google has defined four micro- moments that represent the full user needs.

I want to know moments – The consumer is exploring and researching but not yet in the purchase mindset. They are looking for useful information, education resources or an inspiration.

I want to go moments – Consumer is searching for a local business or considering buying a product at a local store.

I want to buy moments – The all important buy moments are when shoppers are ready to make a purchase and may need help determine what, how, or where to buy.

I want to do moments – These refer to moments when shoppers are looking for help getting something done or learning something new.

3- Mobile is the New Shopping Assistant – Your E-Store Must Understand This

Americans are shopping online, allocating their shopping budgets to browsing, expanding a regularly of five hours per week purchasing online.

The telecommunication company sprint discovered that one in four people who click on their mobile search ads actually end up being physically present in a sprint retail store.

As a business, you need to get your website mobile friendly and have an app that will help you to connect with your customers in real time.

It is essential to find out the different mobile search queries that the potential customers are using while locating your brand and further optimize your business presence in order to reap in more sales.

4- Deliver Relevant Messaging and Tap Into the Power of SMS Marketing

In this age of mobile connectivity, it is important to leverage the power of SMS marketing to improve your business visibility and increase sales.

8.6 Trillion text messages are sent every year on average and such messages are read within 5 seconds. This is a tremendous opportunity to explore where people are able to read your message within seconds of receiving it.

Tools like TextMagic are excellent in automating the SMS efficiency and reach. You can easily build one to one dialogue with your customer using dynamic inbound SMS messages.

While sending messages, it is recommended to follow the below tips:

Segment your audience and send the right message to the right customer.

Send messages that have time bound deals which are set of expire soon. This will drive instant actions.

Send triggered messages based on the action of the user. For example, if the customer has placed some items in the shopping cart and didn’t ordered them then you can send a triggered message with a special discount in order to persuade the customer to make an order.

Mobile is no longer in its teens. Your brand must understand the real power of mobile micro-moments and must ensure to be present at all times depending on the needs of the customer.

Investing and Financing

Most of the businesses these days borrow money either in short terms or long terms basis. The majority of cash flow statements illustrate the increase and decrease of the earnings of the short term debt only. It does not report the total amount that either either borrowed or paid. On the other hand, when illustrating a long term debt, the total amount and the reimbursements of the long term debt must be indicated in the cash flow statement on a yearly basis. The figures on these cash flow statements are illustrated on gross not net figures.

Similar to businessmen, most of today's businesses must find a way to finance its acquisitions when the business' internal flow of cash is insufficient or is insufficient to provide financial support in order to for the business to grow. When we say financing, it usually means the funding of a business capital from debt and equity sources. And by borrowing money from financial institutions or banks, in order to loan money to the business, or by providing extra funds in the business. The tenure also includes the other side of the coin, meaning doing payments on the balance due and returning the principal to the owners. It also includes the monetary contributions by the company from the income to its owners.

In addition to that, another section of the statement of the monetary flow illustrates the ventures that the business has admitted during the annual report. New and additional ventures signify the growth of the production and distribution capacity of the business, as well as its improvements and improvements. Organizing long term assets or removing a key component of the business can create good or bad effects, depending on what is influencing the said actions.

Some companies will dispose some of its predetermined assets on a yearly basis upon reaching the limit of their usefulness because they will become more of a liability than an asset. These predetermined assets are either disposed or put on the market, or in most cases, traded for new predetermined assets. The assessment of the fixed assets or predetermined assets that is at the end of its usefulness is called the fixed assets' "salvage value". The profits of the fixed assets are accounted as a source of money in the "investing activities" segment of the statement of the business' monetary flow. The proceeds of these fixed assets are generally diminutive in quantity.