Sheri gill, Author at Ecommbits

In Loan

Top 9 Factors to consider for taking a Personal Loan

August 2, 2022 No Comments

Loan is essentially financial support that can help you float your boat in turbulent times or get closer to your needs or wants. A personal loan is now a very common option for most employed people to supplement their earnings and help them balance incomes and expenses. Personal loans are unsecured in nature & thus, provide you with the option to spend on any expense that you need to extinguish. Personal loans do not require you to pledge any of your assets as collateral. Personal loan approvals are quick and easy, and the application process is easy to follow and comply with.

Here are the top 9 factors you need to consider when applying for a personal loan:

Choosing a personal loan with an interest rate and payment schedule that suits your pocket strength is crucial. In addition, if you’re taking out a personal loan, you should ensure you maintain your financial health simultaneously.
There are a few banks that charge a flat processing fee. These charges increase loan costs. It is better to have a low processing fee.
Prepayment Fee: Sometimes, you take personal loans to tide over the short-term cash flow crunch. In such cases, repayment of loans is possible when the cash flows improve. By prepaying the loan, you can save on the absolute interest cost. If you fall in the same category, do consider prepayment penalty costs while trying to assess all-in costs. Late Payment
Shop for Better Rates: Do not actually apply to check the rates. It will result in hard enquiries on your CIBIL score and may adversely affect your credit score. You can check the prevailing rates by calling customer care.
Make Sure You Can Service the EMIs: Be honest to yourself. Do an honest assessment. Do not take a loan if you feel you cannot service the personal loan EMIs. Failure to service EMIs will result in penalties and spoil your credit history.
Before applying for a loan, check your CIBIL score: Banks and other credit institutions consider your CIBIL score. The bank may raise the interest rate if your credit score is low. It makes sense to check your CIBIL score before applying for any kind of loan
Taking a personal loan may be necessary due to your circumstances. Avoid add-on offers. However, there is no excuse if you start falling for such add-on offers. You are the only one to blame. Accidental insurance is just one example. There can be many such add-on offers. Learn to say NO to such offers.
Talk to Friends and Family: If you take a personal loan to tide over a short-term cash crunch, try asking friends/family if they can lend some money. However, be sure you can return the amount as promised. Therefore, be honest with yourself and your friends/family about your repayment ability.
Nature of expense: Consider the nature of the expense; if it is not a need or an emergency, avoid availing of a personal loan.

In Crypto

Four Tips to Consider When Finding the Best Bitcoin Betting Website

July 14, 2022 No Comments

These days, a lot of Bitcoin gambling websites are flooding the internet, making it hard to decide the best one for you. With the increase in the number of interested players, it has become necessary to know what to look for. Not all crypto websites can be trusted and each of them can be quite different from the way they look at face value. To ensure you find the best Bitcoin website like Bitcoin Sport Bets, here are tips you should consider:

Read Reviews

By reading reviews, you will know what other players say about a platform. Reviews may be able to give tips, advice, and hints on what to expect when you use a gambling website. Also, they can give a detailed overview of the different aspects of the play in general, helping you make an informed decision.

Examine the Gambling Site

If you like how a site looks, check it out to learn about the different games you can play, the ease of playing them, and your earning potential. This will provide you with some first-hand experience on the games before you officially play it with real money.

The majority of Bitcoin between websites provide a variety of games; however, some of them specialize in specific kinds of gambling. Ensure you pick a site with a variety of games you enjoy playing. This allows you to have a positive betting experience and increase your chances of winning. If you have decided to try a betting platform, try out some games. Some websites offer free trials to first-time players. Take advantage of this offer to check out games you believe will add value to your betting endeavor.

Observe the Dependability of the Website Design as You Play

A great bitcoin platform stands out in terms of the games they offer and its website design. Observe how fast the site responds to each move you make as you play games. A faster website makes sure the winnings and rewards won’t be breached, which can happen when something lags or updates.

Assess the Platform According to the Number of Players

The majority of bitcoin betting websites have a chat feature that allows players to communicate with other players. When you chat with players using this feature, you can ask them about their betting experience and assess the number of active players on the website. More players are expected to continue to bet through a reputable website.

In Featured

How To Get Your Financial Life in Order

June 27, 2022 No Comments

If you’re struggling to get your finances in order, you’re not alone. Millions of Americans are in debt and don’t have a savings account. But it’s never too late to start making changes in your financial life. Keep reading to learn how you can get your financial life in order.

Find a New Career

When it comes to getting your financial life in order, finding a new career can be a great way to make things happen. For example, there are many untapped careers in finance and technology that can get you back on track.

In the world of finance, there are many exciting opportunities for those with the right skills. For example, you could pursue a career in investment banking, where you would help companies raise money by issuing and selling securities. Or, you could become a financial analyst, where you would help clients make informed investment decisions.

In the world of technology, there are also many exciting opportunities. For example, you could become a software developer, where you would design and create software applications. Or, you could become a systems administrator, where you would manage and maintain computer systems and networks.

Regardless of which career you choose, making a change can be a great way to get your financial life in order. By pursuing a career in finance or technology, you can gain the skills and knowledge you need to achieve your financial goals.

Use an API

An application programming interface (API) is a set of programming instructions that allow two applications to talk to each other. This can be helpful when you want to use different applications to manage different aspects of your finances. For example, you might want to use a budgeting app to track your spending, but you might also want to use a different app to trade stocks. An API can help you do this by allowing the two apps to communicate with each other.

One of the best-known API stock and investment management tools is SnapTrade. They have built an API that connects retail brokerage accounts to any fintech app. This way, you can use the best app for your needs, without having to worry about transferring your money or tracking your investments. As a result, it can be much easier to manage your money and investments.

Get Organized With Your Finances

A critical step to getting your financial life in order is to get organized. This means creating a system for tracking your expenses and income, as well as creating goals and a budget.

Start by tracking your expenses. Keep a record of everything you spend money on for at least a month. This can include everything from groceries to entertainment expenses. Once you have this information, you can start to see where you’re overspending and make adjustments accordingly.

In addition to tracking your expenses, you should also track your income. This will help you stay aware of how much money is coming in and going out each month. It’ll also help you create realistic budgets based on your actual income levels.

Once you have a good understanding of your current financial situation, it’s time to create some goals. Determine what you would like to achieve financially in the short-term and long-term. For example, do you want to save up for a down payment on a house or pay off credit card debt? Once you have specific goals in mind, it’s easier to develop concrete plans for reaching them.

Finally, create a budget that aligns with your goals and actual income levels. A budget helps ensure that you are spending money wisely and not overspending each month. There are many different ways to create a budget, so find one that works best for you.

By following these steps, you can get your financial life in order and start working towards achieving your financial goals!

Prepare for Retirement

One of the most important steps to getting your financial life in order is preparing for retirement. This includes saving as much money as possible and investing it wisely. You also need to plan for how you will pay for retirement expenses, such as healthcare and housing.

The first step in saving for retirement is to determine how much money you can afford to set aside each month and start putting it away gradually. It’s also important to invest your savings wisely. Many employers offer 401(k) plans that allow employees to save money tax-free. You can also invest in individual stocks, mutual funds, or real estate.

Another noteworthy factor in preparing for retirement is planning for healthcare costs. Medicare doesn’t cover all medical expenses, so you’ll need to plan for out-of-pocket costs. One way to do this is by purchasing a health insurance policy. You may also want to consider setting up a health savings account (HSA). An HSA allows you to save money tax-free specifically for healthcare expenses.

Finally, you need to plan for your post-retirement living expenses. This includes figuring out how much money you’ll need each month for housing, food, and other essentials. You may want to consider downsizing your home or moving into a retirement community that offers on-site services like dining and healthcare coverage.

Get Your Financial Life in Order

As you can see, there are many opportunities available to get your financial life in order. Consider finding a new career, using an API, getting organized, and planning for retirement. By following these tips, you can take control of your financial life again.

In Business

7 Questions to Ask When Hiring Commercial Roofing Services

June 8, 2022 No Comments

Roof repairs can cost over $1,000 in some cases, which is why it’s always a good idea to regularly inspect your roof for potential problems.

Unless you’re naturally handy, chances are you’re going to need to call a professional to come and make any roof repairs. Finding commercial roofing services that are reliable and cost-effective is hard!

There are ways to narrow down your options so that you find a commercial roofing repair company that is best for your needs. Do you know what questions to ask?

Read on to learn about the best questions to ask when searching for roofing services.

How Long Have You Been in Business?

It can be great to support young businesses. However, sometimes you will get the best results by hiring roofing services from experienced professionals.

If you’re trying to repair a big, costly problem, you’re better off choosing a company with experience under their belt.

Do You Offer Any Deals?

There’s no shame in looking for the best deal when it comes to roof repairs. You will want to ask any companies you are looking into if they offer any specials or deals.

Chances are, they might offer deals that aren’t promoted or offer specials for your particular situation. It never hurts to ask!

What Are Your Qualifications?

Roof maintenance is imperative for any building. After all, it’s what keeps you safe from outside elements!

That’s why it’s important to know that the company you’re working with employs licensed, experienced, and trained professionals. Keep an eye out for awards and certificates in a company’s office.

It never hurts to ask what qualifications and experience a company’s crew has.

How Long Will the Job Take?

After assessing a roof issue, a professional should be able to tell you how long a repair job will take.

If you have specific expectations, deadlines, or circumstances, make these clear during your inspection.

Can I see Your Previous or Current Work?

Any reputable company will jump at the chance to show you examples of their previous work. You can likely trust a company that is proud to show off its skills.

You can also ask to see any current work that a crew may be working on, especially if the same crew will be working on your roof. If they are currently in the middle of a job, ask if you can stop by the site and check it out.

Real professionals, like with Far West Roofing, will have plenty of work samples to show off.

Can I Talk to Previous Customers?

There’s no better way to get an accurate review of a company than by talking to past customers.

What Safety Steps Do You Take?

Ask about a company’s safety plan and insurance. For instance, what steps do they take to ensure the safety of their workers? Of the building? Of people in or around the building?

Commercial Roofing Services Advice and More

Now you know the top questions to ask when searching for commercial roofing services. Make sure to check out other tips to make the most of your money on our investing webpage.

In Business

Futures and Options Trading- A Beginners’ Guide

May 26, 2022 No Comments

Grim examples of the 2008 recession and the Wolf of Wallstreet aside, it is well known that hedge investments offer opportunities for huge profits. The average futures trader in the United States makes over $200,000 annually. With the right knowledge and a little dedication, what is stopping you from making some extra cash on the side?

While futures and options trading has the potential for incredible profits, they just as easily can result in major losses. If you’re considering trading derivatives, you’ll want to know what you’re getting into. Continue reading to learn how to get started in the market.

What Are Futures

Futures are a type of contract in which a buyer agrees to purchase a specific number of shares from a seller at a scheduled time in the future for a set price. These contracts are traded and regulated by the stock exchange or the clearinghouse that settles trades on the exchange. This ensures that both parties are obligated to fulfill their end of the deal.

Futures are helpful to protect consumers from volatile market prices. Regardless of the price swing in the future of the commodity future contract, the buyer knows exactly what they are paying. This also helps sellers ensure a steady market for their products.

While not intended, this provides an opportunity for investment. Those that speculate on the future price of a commodity may sign a contract knowing a future price increase. This results in a contract more valuable than originally agreed upon, and the investor earning money.

What Are Options

Options work similarly to futures in that a future price is agreed upon between the buyer and seller. However, these types of agreements give the buyer and seller the right but not the obligation to act upon the agreed-upon price. This makes option trades substantially safer for investors.

Options are evaluated in two different ways. As with futures, options have an intrinsic difference between market and contract price. However, the value can decrease with time if the buyer or seller does not take an action.

Trading Futures and Options

Trading these derivatives is a simple task, although new investors should always exercise caution. Futures and options are traded on a futures market, a space specifically designated for trading these types of derivatives. There are benefits of doing this on your own, but a safer option involves working with a futures broker.

These types of trades are highly advanced, so a good way to garner experience in futures and options is with paper trading accounts. These allow you to practice trading with paper money to get a hand on the strategies required to trade accurately. Starting with a paper trading account will help protect you from major losses in capital.

More Investment Opportunities

Trading futures and options come with inherent risks, but enough knowledge and practice can offer a substantial investment opportunity. The above information will help you grasp the basics of futures and options, but there is more to know.

For additional learning and other investment opportunities, check out our Investing section.

Sheri gill