University is the obvious choice if you want to go into further education. It’s a chilled out place where you can learn the skills needed to succeed in later life. Plus, it also teaches you how to be an adult, when you’re not drinking and partying of course. Unfortunately, college isn’t always one big picnic. Getting there in the first place can be tricky because the costs are so high. And, if you want to be accepted, you will need to stump up the cash. It might seem retro, but saving can be the difference between a college education and an early foray into adult life.

Here are tips that can help you save enough to go to university.

Start Early

Being a kid is great because you have no responsibility. You can do whatever you like and let the adults deal with the pressures of life. Although it’s enjoyable way to go through your teenage years, it also has its flaws. The reason for this is that it pushes you to rely on other people. Of course, your parents want to help you go to college. But, the circumstances might dictate a different course of action. If you’re ready to take some responsibility, you can start saving as early as possible to prepare financially for university. So, put aside any money that comes your way for a rainy day.

Ask Your Parents

Even if you start saving early on, you’re still a kid. And, your parents have an obligation to help you achieve your dreams. That’s why there is nothing wrong with asking them to contribute to your savings. It might not be enough to stop you from securing a loan, but every little helps. The less you have to pay back once you graduate, the more money you can keep for yourself. Don’t badger them into putting money away every week because there is no need. Just tell them that you want to go to college and it would be nice if they could contribute. They’ll get the message.

Get The Right Loan

No matter how much you save, you might need a loan to help with your tuition. Obviously, you’d rather not have one, but needs must. Before you pick any old loan, make sure you think about the different variables. Some loans, for instance, have a grace period which makes them more attractive to lower income earners. Others are liable for a department of education loan forgiveness scheme that writes off some of the debt. These are features which a student like you can use to your advantage. But, it’s only possible if you think about it beforehand.

Get A Job

Without any revenue, you won’t be able to save in the first place. Sorry to say it, but you’re going to need a job. It won’t be nice, and it won’t be pretty, but it will serve a purpose. A weekend job is enough to make a dent in the savings department, especially if it’s over a few years. Plus, you need to concentrate on your studies to get into university.

You can’t do that if you’re always at work!

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Getting a dog, or any other animal, to become a loved member of the household is a big step that many families decide to take at some point in their lives. Dogs and cats and other little domestic animals can offer a lot of love and warmth to a home, which is why so many welcome pets into their loving arms. With anything, there are both pros and cons to pet owning, and one of the biggest things that concern a family when it comes to the decision of welcoming a pet is the financial impact it will have.

Dogs are one of the most common pets that are seen in modern households. They’ve been man’s best friend through the ages. A dog can offer additional security and protection, as well a fierce friend that will last a lifetime… in dog years.

However, they also can get expensive. Some dogs, like purebreds, can be hundreds of dollars, and that is just the initial price of your pet that doesn’t include all of the supplies and equipment you’ll need to care for them for the years to come.

Regular and emergency vet visits. Dogs should be seen by a vet often and stay up to date on their immunizations and treatments to avoid getting medical problems. Sometimes these things can still happen, so you’ll have to also plan for the possibility of extra medical bills for your pet.

Special care equipment and furniture. Large dogs and older ones will need special beds that can get expensive. Walking gear can vary depending on the size and strength of your pet, and if they have existing medical conditions, they may need certain food that can get expensive. Planning for these things can help you decide a budget.

Potential injuries and prevention. Your dog may get hurt or may end up hurting others. This is rare, and some legal funding companies will offer a dog bite loan to help you stay on top of things financially while you’re working through the repercussions financially for a dog bite.

Many people have allergies to pet fur. Making sure that everyone has medicine and makes an appointment for allergy testing can get expensive depending on how many people are in your home.

Destroyed or damaged furniture and items. Dogs, especially puppies, are playful and energetic. They’ll get bored and lonely when you aren’t home. In the early months before your dog is fully trained, you may have to deal with damages to the things in your home. This can also go for cats.

Moving can get a little pricey if you have to bring the pets. Paying for transportation for a pet can get expensive depending on the size and weight and type of your pet. Some can get in the car with you, but you’ll have to make more frequent stops.

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Financial institutions provide credit to individuals to help them meet fund requirements, such as medical emergency, wedding, or a dream holiday. These loans are offered based on their credit history. The Credit Information Bureau (India) Limited (CIBIL) collects information from financial institutions to maintain credit scores for individuals across the country.

Availing of personal finance loans allows individuals to overcome any liquidity crises. However, before applying for the loan, it will be beneficial to know the procedure and the pros and cons of such credit facilities.

Understanding the loan application process

Most financial institutions in the country offer personal loans to individuals. However, the procedure may vary from one lender to another. Understanding the process and the rules and regulations of the institutions before making the choice is recommended. It is advisable to review the loan application form to comprehend the terms and conditions in order to make an accurate decision.

Here are four steps to follow before applying for a loan.

1. Check the interest rates

Each lender levies different rate of interest. Some institutions may offer fixed rates while others may offer reducing balance rate of interest. In the latter calculation, the interest is charged on monthly reducing balance determined after decreasing the Equated Monthly Installment (EMI). However, with a fixed rate, the interest remains the same during the entire loan tenure.

2. Determine the Equated Monthly Installment (EMI)

Lenders determine the loan amount based on the income of the applicants and their credit score. It is important to choose an EMI that may be repaid without facing financial constraints. It is advisable that all the EMIs do not exceed 50% of the borrower’s monthly income to prevent a liquidity crisis.

3. Understand the documentation

Some of the commonly required documents include an identity, age, and residence proof along with the duly filled application form. Furthermore, applicants may need to provide details of their income and bank accounts to the lenders.

4. Confirm the loan eligibility

Applicants must use a personal loan online calculator to determine their eligibility before applying for a loan. Any individual aged between 21 years and 58 years may apply for such loans. The minimum net monthly income must be at least INR 25,000 with two years of work experience. An online calculator will help borrowers to know the approximate amount they may procure as a loan.

Having understood the loan application procedure, here are three benefits of applying for such loans.

1. Collateral not required

Unlike other credit facilities like home or auto loans, personal loans are unsecured. This means borrowers do not need to provide any personal asset as collateral against the loan. In case an individual fails to make timely repayments, the risk of losing the asset is eliminated with these loans.

2. Quick approval

These loans require applicants to submit some basic documents for receiving approval. Furthermore, these are unsecured credit facilities that make it easier for lenders to sanction the loans. Since the loan approval is primarily based on the credit history of the applicant, an easy personal loan is disbursed within a short period of time.

3. Affordability

Contrary to belief, these loans are available at competitive interest rates. Furthermore, the processing fees and other charges are nominal, which makes it affordable for individuals to avail of these credit facilities.

Personal finance may be used for any legal purpose. This provides flexibility to the borrowers without limiting the use of these funds. Several financial institutions offer these loans and provide loan-related information on their websites.Individuals must conduct extensive research and review these details in order to land the best deal.

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Well, we made it. We’re past the tumultuous year that was 2016 and now 2017 is upon us. What can we expect from this year? It’s hard to say, but one thing we can all afford to do a little better, is budgeting our finances.

That’s why today we’re going to look at 5 awesome tips for budgeting yourself in 2017, and ultimately leading yourself to a more successful year than the one that just ended.

5 Strategies For Improving Your Budget in 2017

The overall concept of a budget can be scary, but if you break it down into simple strategies, it becomes a lot easier to see how everything fits together. Here are five ways you can get your budget back under control in 2017:

1. Drop Unneeded Subscriptions

We all have things like a Netflix subscription, and possibly a few others, including that gym membership you keep saying you’ll use. When you look at these monthly spendings, they suddenly add up to a lot more than you would expect. Just a few $20 monthly subscriptions can add another $500 or more to your yearly budget.

If you have more than one video subscription, why not narrow it down to one you can’t live without? As far as the gym goes, you don’t need to pay someone to exercise. Take a walk around your neighborhood, go to the park, heck, even do pushups in your living room. Don’t let me money disappear from your budget on things you don’t use or need.

2. Create Alerts on Your Phone

I am one of those people who gets very forgetful with all the stress of daily life. Simple things like credit card payments would slip by if I didn’t have some kind of reminder in place. Life is complicated, so don’t depend on yourself to simply remember things like these. Set up alerts on your phone that give you a heads up when something is due, so you can take care of it before it becomes late.

Late payments can be detrimental to your credit score, and for some people, they can’t afford to lose any more points off their credit. Thankfully, you can utilize credit repair if you need to with this resource: www.debtsteps.com credit repair companies list.

Either way, keeping yourself on track to pay everything on time will help you budget better in the long run.

3. Break it Down Week-by-Week

If you break your budget down into weekly limits on your spending, you’ll have a better grasp of where you stand on any given day or time in the month. This also allows you to be more in tune with how much you have to spare, if any, on weeks where you might need to take a break and go out one night to reset.

This is why it’s also important to set realistic goals. You can’t completely cut yourself off from the possibility of going out to dinner one night or renting a movie when you’re bored. Financial health is important, but you also have to think about your mental well-being.

4. Make a List (and Stick to It)

Anytime you’re going out shopping for things you need or even things you want, keep yourself in budget by creating a list. For example, let’s say you’re going to the grocery store. You’ll probably be tempted to pick up a few things that are nice, but not completely necessary. We’re all guilty of it, but it can bring up a grocery bill pretty fast.

If you make a list and stick to it, you’ll stay within your budget by a reasonable degree. Most grocery stores also offer the ability to clip digital coupons and use them with your phone number at the register. Take advantage of programs like this to save even more money when you’re shopping.

5. Keep Track of Everything

Our final tip is one that comes straight from my own strategies. I like to keep track of everything in my budget using an online spreadsheet that I customize myself. It allows me to write down all my bills and expenses in one place and keep track of the due dates. When it comes time to pay something, I just utilize the miracle of mobile banking to get it done.

I marked the bills as paid in my sheet and I can refer to it at any time of the month to see where I stand on budgeting. It’s an optional, but very helpful way of keeping track.

Final Thoughts

We’re in a new year, full of new possibilities. It’s time to think about how you can restructure your budget and make this year better than the last. How do you plan on improving your budget this year? Let us know in the comments!

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Home loan closure brings relief and increases financial standing since you no longer have to pay a large chunk of money as EMI. But when closing a home loan, you should complete all relevant formalities to keep the procedure smooth and hassle-free. You must keep in mind that paying the last EMI does not close your home loan. You have to get a formal letter from your lender stating that your loan is officially closed. Below are some pointers that will help you closing your home loan successfully.

Collect all your original property papers

Around the time of loan disbursal, after you apply for a home loan, your lender asks you to submit a number of documents that generally vary from one lender to another with some documents being common. When closing the loan, make sure the lender returns all your original documents. Usually all banks submit the following papers:

● Power of Attorney
● Sale deed
● Conveyance deed
● Builder buyer agreement
● Possession letter
● Payment receipts
● Transfer permission
● Tri partite agreement

Get security cheques

Most lenders take security cheques at the time of loan disbursal just in case the borrower defaults on EMIs. Once you close your loan, ensure that you get the security cheques, if any, back and when you do, destroy them for good.

Obtain No Objection Certificate (NOC)

Ask your lender to provide with an NOC as a proof of full and final repayment as well as closure of your home loan. The NOC comes handy for lien removal and also in case, you sell off your property.

Get the lien removed

You can simply go to the registrar office with the NOC from your lender to get the lien removed if your lender delays in doing so. Removing the lien means that lender can no longer keep the possession of property any more.

Update CIBIL

You should request your lender to update your CIBIL information as a successful home loan closure. Without a CIBIL updation, you may face issues if or when you need to avail credit from any financial institution.

Avail other documents

Other than the documents you submitted to the lender at the time of home loan disbursal, you should also ask for other important documents like a complete loan account statement, principal certificate and interest certificate, which are important for filing Income tax returns.

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