Monday, November 26, 2012

Can You Really Get Free Money From The Government?

Government grants are federal or state monies that are made available without repayment. There are grants available for various purposes, such as paying down debt, getting an education, starting a new business and more. Government grants are funding awards that may come with conditions, or may come free of any obligation at all. Those grants that do come with conditions are often called forgivable loans, as the principle amount is not forgiven until those terms and conditions are met. Government grants are made in order to persuade or assist enterprises to pursue courses of action that are deemed to be socially or economically desirable. The range of grants available is very wide and changes regularly, reflecting changes in government policy.

Information individuals need about government grant programs includes understanding what grants are available, who is eligible, understanding who to contact about the requirements of the programs, and application and/or proposals required. All grant programs are different, and every program has it's own eligibility requirements and application procedures and processes. Information regarding their recent taxes, social security number, address and telephone numbers, place of employment, if they are working, should also be readily supplied. These applications are processed faster by faxing information in, than by traditionally mailing the paperwork in.

Individuals seeking government assistance may want to be aware that most organizations hire a person or team which deals only with government grant applications and processing, demonstrating how complex and involved the process can be.

Starting or expanding a small business is a common one, as is using the money provided to complete your education. The way the money is to be spent will be clearly specified in the grant application.

Federal student Aid or FAFSA is available if as a single mother you intend to go back to college. The lead time to get such aid is about three to four weeks, and besides your high school diploma you would need to be accepted in a particular institute before you can apply for the student aid. Federal Grants pass through many hands before it reach you. You can gain US federal grants right through the US government website also. Federally funded government grants can be searched by using a user friendly interface provided by the government grant sites. You'd better choose private grants, because private grants are sometimes fill as a first come, first qualify basis.

Public and private companies also give grants to students who have the potential to graduate with good grades. They also offer employment upon graduation to students that they have granted who have outstanding grades and knowledge.

Applicants for Certified Local Government Grants are required to use the web-based electronic grant application process. Exceptions are generally only made for those applicants who do not have access to the necessary equipment.

Even though it may sound difficult, There are all kinds of other grants (over 250K) and many of them have very few qualifications. Some are offered by the amount of money you make and pay taxes on, others are granted to new business owners, others for those that own homes or other assets, and many simply require you to be a tax paying citizen - that's IT.

Remember If you've already applied for grants in the past , and got denied,you can always apply again. But my suggestion is that you should prepare yourself better than you've ever done before.

Saturday, November 24, 2012

How Do Credit Cards Work?

Ahh, like magic, you hand over your newly-acquired credit card and leave the store with a brand new sound system. What a racket! But, the joke's on you when you get your credit card statement the next month. Credit can be a great way to access what you need when you need it, but it can also turn your life into a collection-agency nightmare if you're not careful.

So, how do credit cards work?

Most people don't think about their credit cards other than to make purchases and pay the bills. But, there's a whole process that goes on behind the scenes involving you, the merchant, and the credit card company.

The Purchase
When you make a purchase with a credit card, the credit card company puts the amount of the purchase (less the fees that the merchant has agreed to usually 2-3% of the amount of the sale) into the merchant's account. At the same time, the credit card company also posts the same balance to your credit card account.

For example, if you use your credit card to make a .00 purchase, your card issuer will pay the merchant .00 (less fees) and add .00 to your account. If you carry a balance on your card, you'll immediately start to pay money on that amount. If you don't carry a balance on your account, the bank floats you a loan through the statement and payment periods of your billing cycle.

The Statement Period
The statement period is your cut off dates for charges. Any purchases you make during your statement period will be reflected on your bill. If you buy something after your statement date, but you haven't yet received your credit card bill, the purchase will show up on your next bill.

Based on what you've charged during your statement period and your previous balance (if any), the bank tallies up the balance of your purchases, the interest charges on those purchases, plus any additional fees and determines how much you owe and when your payment is due. Your payment is usually due on the same date each month.

The Payment Date
If you pay for the purchases you charged in full each month before the due date for your card payment, you will not be charged interest on those charges. If you do carry a balance on your card, your card company begins to charge interest the day after your scheduled payment is due.

Paying your balance in full each month before the payment date is the least expensive way to use your credit cards. Remember, while you're in one payment period, you've already started another statement period, so your balances continue building and the process repeats.

Knowing how credit cards work can help you understand the best way to use them. It is important to your financial future to maintain a good credit standing with your creditors. Lose the credit game and you'll literally pay the price in lost credit opportunities and higher interest rates on credit-based purchases.

Tuesday, November 20, 2012

The Secret Behind A Perfect Sno' Cone

Why is snow white? Is there a difference between frozen water and snow? There most definitely is which is why you can't make the perfect sno' cone out of crushed ice cubes. The 'ice' in a sno' cone is shaved, not crushed which is why it doesn't look or feel the same.

Shaved 'snow' mimics real snow better than it would in a blender because real snow is made up of many different sizes and shapes of ice crystals all mixed in together. When a light particle (photon) enters a flake of real snow, it changes direction many times before exiting out of the snow flake. Every time it refracts, its crystals bounce off all the colours in the spectrum of light. When the photons move quickly or spin, the object appears white.

Is it a Sno' Cone or a Snow Ball?

Now that we know why snow is white, let's further stipulate that there are two types of tasty treats: a sno' cone and a snow ball. A sno' cone is made of a harder, grated ice and is be-decked with a moderate quantity of fruit flavoured syrup. A snowball is made from very fine bits of shaved ice and drizzled with a generous portion of flavoured syrup. There are other differences between the two depending on whether you are enjoying your cone on the east coast, the west coast or from an independent and creative local vendor. Rumour has it that snow cones in Hawaii are served with ice cream on the bottom of the cup, layered with finely shaved ice and topped with sweet, thick milk and flavoured with cinnamon.

How to Make a Sno' Cone

Placing ice cubes inside a blender to make your own sno' cone, will not give you're the most authentic snow cone or snow ball. A blender creates bigger chunks of ice that do not stick together or layer in the same way that shaved ice does. You can also blend too much which creates water that results in clumps of 'snow' that are difficult to navigate.

Back in the olden days of snow cone nibbling, ice was shaved from large chunks using a hand-held wooden plane. This produced a fine, fluffy, white 'snow'. Technically, you could shave your 'snow' from a large block of ice using a stainless steel cheese grater, but it would likely melt before you had enough for one cone. A hand-powered, sno' cone ice shaver will give you better results and a larger commercial ice shaver will produce an authentic, professional sno' cone. If you are planning on starting your own sno' cone cart, get a very small business loan or save a few hundred dollars and purchase a commercial ice shaver for the most appealing cone.
How to Make Sno' Cone Syrup

The next step in the secret of a perfect sno' cone is the syrup. You can buy sno' cone syrup or make your own using the following recipe:

- Mix 1 cup of water and 2 cups of white sugar in a pot. (you can reduce the sweetness buy using equal parts sugar and water)
- Bring it to a boil over medium-high heat, stirring constantly until all of the sugar has dissolved and the liquid has a slight syrupy consistency.
- Remove the pot from the heat and allow the liquid to cool; continue to stir

You can either add food colouring and extract (to taste) right in the pot or divide the syrup into bottles using a ladle. Individualize each bottle with your favourite combination of extract and food colour.

Popular extracts include peppermint with green food colouring, strawberry with red food colouring, coconut with blue food colouring or lemon and vanilla with yellow food colouring.
Stir or shake well to combine syrup, food colour and extracts. Store finished syrup in the refrigerator.

Wait for the next sunny, summer day. Make your sno' cone experience complete by scooping the shaved ice into a cone-shaped paper cup, drizzle with your favourite flavour and enjoy one of the world's most treasured secrets for cooling off in the heat.

Thursday, November 15, 2012

Gold Standard: Definition And The Three Distinct Kinds

The gold standard is defined in many different reference materials as a economic system in which the unit of foreign money used is a fixed amount or weight of gold. Under this method, all kinds of cash, as well as notes plus bank deposits, were generously transformed in to gold at the fixed price.

There are three known kinds of gold standard that have been adopted from the past 1700s - the gold specie, gold exchange, and gold bullion values. Following may be the explanation and a brief past account of each.

Gold Specie Standard:

With this gold standard, the unit of foreign money is related with the gold coins which have been in distribution. More particularly, the financial unit is related with the unit of price of a specific gold coin in transmission together with that relating to any secondary coinage (coins made of metal that is valued lower than gold).

Recorded history aspects to the existence on the gold specie standard in medieval empires. For instance, the Eastern Roman Empire make utilize of an gold coin termed Byzant (with the original Greek term Bezant). The very first known major area in the world to be on a gold specie standard in modern times may be the British West Indies. That standard, however, was more of an usually useful method instead of an formally established one. It had been dependent to the Spanish gold coin termed the doubloon.

The U . s . adopted the gold specie standard "de jure" (by law) in 1873, by the American Gold Eagle as unit.

Gold Exchange Standard:

On this gold standard, just the distribution of cash minted with lesser valuable metals (similar to silver) could be involved. The authorities, however, can have undertaken a fixed exchange price by a country that is on gold standard.

In the past the change of the twentieth century, countries that are still on silver standard started pegging their fiscal units into the gold standard of either the US or the U K. As an example ,, Mexico, the Philippines, plus Japan pegged their respective silver units at the U.S. dollar at 50 cents.

Gold Bullion Standard:

With this gold standard, gold bullion is offered on demand at a fixed cost. It was introduced in 1925 by the British Parliament in an act which at the same time voided the gold specie standard. 6 years after, the Uk decided to for the moment stop the gold bullion standard since of huge quantity of gold that flowed out across the Atlantic Ocean. The gold standard ultimately ended that same year.

One of advantages of gold standard is that it type of restricts the government's authority in inflating prices, that can be done via excessive issuance of paper money. And by giving a fixed standard of exchange rates, the gold standard can effectively minimize worry in international trade.

Regarding its disadvantage, the gold standard may yield financial strategy ineffective in the stabilizing the market in occasion of an common slowdown in fiscal activity. This is probably going, numerous economists fear, from under the gold standard the provision of gold could be the exclusive determinant to the quantity of funds.

Sunday, November 11, 2012

It Is Possible To Get A Payday Loan With Bad Credit

Many people wonder if they can still get a payday loan if they have less than perfect credit. Is bad credit okay? More people than you imagine have bad credit. Bad credit will hound you for years, no matter how you ended up with it. Not being able to get cash when an urgent need comes up is one of the biggest hassles of having poor credit. Maybe a cash advance is just what you need.

A cash advance or payday loan is an opportunity for you to secure the funds that you need to make payments on anything that you need to. The benefit here is that the funds are available immediately, upon providing necessary information to the lender. Then you will have the money you need. The key here is that there are no credit checks performed for you to qualify for the payday loan.

Bad credit isn't an issue if you need an instant payday loan. Lenders are more than willing to provide a consumer with a loan that is available to them if they have a solid financial background. Just walk into any bank. The interest rates and features of loans are geared towards those with great credit. Unfortunately, this is not the case for most of us.

You can use a payday loan to pay for whatever is most pressing at the time. You will simply write a check to the lender of the payday advance that will be cashed later, on an agreed upon day. You get the cash you need immediately, and it's guaranteed that you'll pay the loan off quickly. There are no long term contracts here. Plus, you don't have to worry about passing a credit check.

If you have bad credit but still need to borrow money quickly, a payday loan is the perfect choice for you. If you come across the odd instant payday loan business that does check credit it won't be an issue to find another location that will not. As long as you have a job, you are eligible for a cash advance no matter your financial issues. Payday loans are a great option that many of us will be happy to choose when funds are short.

Friday, November 9, 2012

Walmart Credit Card - A Personal, Safe and Exclusive Experience

The Walmart Credit Card is a Store Offer and is issued by GE Money and aims to be used "personally" and by consumers with a fair credit history. Though not mandatory, yet a FICO score of 632 would put you in a better position as far as the approval for the Walmart Credit Card is concerned. The card issuer may expect a few discrepancies but based on the FICO score recommendation if you have a recently clean credit record without any negative mark on your report you can sail through the approval process with little difficulty and enormous success. However, there are other issues too, which decide in the application for the Walmart Credit Card being approved.

The approval time for the Walmart Credit Card is relatively lesser than its counterparts. It might give you instant approval decision if your application information is complete, is beyond questions and has no other loophole in it. The system shows your approval status to you shortly after you submit your application online, so gone are the days when you had to wait for days on your application status. After your application is approved you can expect your credit card to arrive anytime between 1 to 2 weeks.

The Walmart Credit Card is not a rewards card although it has no annual fee. There is no introductory APR for the Walmart Credit Card hence the lowest standard APR of 12.37% applies immediately; however APR's may vary among applicants. The lowest standard APR of 12.37% is variable and varies according to the fluctuations in the U.S. prime rates. The program's terms and conditions tell you how to compute your applicable APR.

Since the Walmart Credit Card is unlike any traditional credit card, it accepted only in the relative areas. The Walmart Credit Card is a store or catalog card and is aims at consumers or personal use'. Hence it is accepted at places like Wal-Mart, SAM'S CLUB and With the use of the Walmart Credit Card you can save 3 per gallon at all the participating Wal-Mart and SAM's Club gas stations or you can make in-store payments at any Wal-Mart or SAM'S CLUB register. What's more there are special financing offers with the Walmart Credit Card giving you that extra edge. This card gives you the grace period of 25 days in the least; hence you don't have to pay interest charges during those days as they are inapplicable. You can also choose the due date of your payment, so the ball is always in your court.

With the Walmart Credit Card you have fraud liability, so you can sit back and relax without worrying too much. The Walmart Credit Card understands your love for your family and that is why it provides you with additional cards for you family members and that too without any extra cost. If you thought that you needed another reason for applying for the Walmart Credit Card, here's more coming your way. The Walmart Credit Card not only understands your need for security and privacy but also respects it; thus, your access to your account information is absolutely secure, free from prying eyes and potential hackers.

Thursday, November 1, 2012

Bad Credit: How Do Open Lines Of Credit And Accounts Affect My Score?

It is important to understand how open accounts affect your credit score because it may make a difference at the time of qualifying for a loan or other financial product. Open Lines of Credit and outstanding accounts do not necessarily affect your credit score positively or negatively and thus you should be well aware of what makes them beneficial or turns them into a drawback.

It also will depend on the model of credit assessment whether an open account affects your credit score negatively or not. This means that for some lenders an open account will equal a negative factor and for others it may be positive. Thus, finding a balance may be difficult but it is not impossible provided that you understand how to maintain some sort of equilibrium between open accounts and the balances on them.

Open Accounts And Lines Of Credit: Too Many, Too Few

This seems to be an endless and incredible discussion. There is of course (as you've probably guessed) no agreement as to what is too many or too few in terms of open accounts and lines of credit. Some credit counselors will throw at you approximate numbers and formulas but truth is that no system will determine a method applicable to all borrowers and all account types and balances.

And there is a reason for this: Whether ten open accounts are too many or too few depends on your background and financial situation. If you are an entrepreneur with good income, chances are that you'll need to have several accounts and lines of credit open and lenders will acknowledge that as normal. But if you are an employee, with a modest income there is no reason for you to have too many open accounts and lines of credit.

The Balance Issue On Your Accounts And Lines Of Credit

The issue of the balance on your accounts and lines of credit is also an important factor. The number of open accounts that you have is not the only problem but also the amount of money you owe on them and even the amount of money that is available to you. For some lenders, the fact that you can withdraw the amount at any time is the same as if you had already borrowed it.

High balances on your accounts will affect your credit score negatively but only if you have many open accounts with high balances. A single high balance account won't cause any damage as long as it remains current and you don't miss payments or pay late. As you can see, only the combination of high balances and too many open accounts can imply a serious risk to your credit worthiness.


It's important that you don't go ahead and start closing accounts because that can also affect your score negatively. Keeping Lines of Credit open guarantees that your credit report is up to date and that it can be accessed by lenders which will obtain valuable information. But if you have bad credit and need to obtain a bad credit loan, consider analyzing whether you have too many open accounts or lines of credit with a high balance or not.