Showing posts with label Money. Show all posts
Showing posts with label Money. Show all posts

Tuesday, November 17, 2009

How To Save Money On A Holiday By Sue Barnard

Sue Barnard

In the past we had to rely to a large extent on the services of a travel agent when planning and booking a holiday. This was particularly true if planning a trip abroad. However with internet sites and easy communication via email, it is possible to research and organise your holiday plans online using separate providers for accommodation, travel, insurance and so on. This freedom to shop around takes time but will save you money.


Accommodation


The greatest expense on holiday is likely to be the accommodation and travel. Accommodation at home and abroad can now often be booked direct with the owner. Thanks to the internet, owners do not have to rely on advertising through large companies, so prices are not inflated by agent’s fees. Of course some owners do not want to deal direct with customers and still use agents. You can often find small companies local to your chosen destination. They have fewer overheads so prices are lower and you can also benefit from their detailed knowledge of their properties and the area.


Travel


The increasing number of no frills budget airlines have, of course, made a big difference to many travel plans. Look out for offers online and in the media, particularly for off peak periods. If you are travelling to Europe then you may want to take your own car. Ferry crossings can seem expensive at first sight but remember the price quoted usually includes several passengers and you won’t have to think about a hire car. Short crossings and the Channel Tunnel are cheaper but may involve more driving, depending on your holiday destination.


Travel insurance costs


Never try and save money by ignoring travel insurance completely. This could end up becoming a costly mistake if you have to cancel, need medical attention abroad, or a breakdown service. However, you do not have to use the policy offered by the travel company. Shop around for an independent deal from another source. Online comparison sites make this an easy process. If you are a frequent traveller you can save money by buying an extended travel insurance package. This works like a season ticket so you will be covered however often you travel during the agreed period.


Try to be flexible


If you are flexible with dates and locations it is possible to find very good last minute deals. There are websites which specialise in assisting with this. However, if you have to, or wish to, plan ahead then if at all possible avoid peak holiday periods. This will immediately give you huge savings.


Of course many people are tied to school holidays when prices are inflated but there are still things you can do to cut costs. Try to find accommodation with flexible change over days so that you can choose a ferry or flight mid week rather than the more expensive weekend options. Look out for reduced rates for children and book direct with the owner if possible.


How about trying something completely different? You may be used to all inclusive hotel holidays but self-catering does not have to be a chore. If you stay in a cottage, gite or apartment you do not have to produce elaborate meals. Take the opportunity to browse at local markets for fresh produce or make the most of the weather and barbecue. Shopping and preparing simple food can easily become part of the fun. Most children love the freedom of camping and many sites now have excellent facilities. Luxury ready erected tents and mobile homes are available and if you book direct with the campsite it will be cheaper than using a large company.


When you are on holiday


So what about once you have arrived at you destination? Although you may wish to have the freedom to travel around, it is worth booking at least some accommodation ahead. It is likely to be cheaper this way and will save you having to accept an overpriced hotel simply because you cannot find anything else when you arrive. Similarly if you know you want to hire a car don’t wait until you arrive at the airport to organise a deal. There are many guide books available which are aimed at particular groups such as students. However, these can be useful information sources for anyone on a budget as they offer advice on good value accommodation, restaurants, and places to visit.


Choose a destination where you know the cost of living is reasonable and check the exchange rate is favourable. Beware of high commission rates and make sure you are not paying more than necessary. Make sure you don’t become a victim of fraud by keeping your credit cards safe. Take necessary telephone contacts with you in case they should get lost or stolen and need to be cancelled.


And finally ….


Whether you take an annual fortnight, opt for a number of short breaks, or you are looking forward to the long haul trip of a lifetime, holiday planning should be fun. The end result will be well worth the time invested in planning.


Resource: http://www.isnare.com/?aid=93056&ca=Finances

Sunday, November 8, 2009

How To Calculate How Much Money You Will Make On A Bond By Bill Dufrane

Bill Dufrane

If youre going to play the market, youre likely in it to win. You expect a modest return on your investment, or at least to make your money back. Your choice of investment matters a lot, so it really helps if you can calculate how much money you can expect to make. The most general meaning of yield is the amount of money returned (usually annually) in the form of dividends.


Within finance, a bond is a debt security, in which the issuer owes the holders a debt and is obliged to repay the principal and interest (the coupon). Other stipulations may also be attached to the bond issue, such as the obligation for the issuer to provide certain information to the bond holder, or limitations on the behavior of the issuer. Bonds are generally issued for a fixed term (the maturity) longer than one year.


A bond is just a loan, but in the form of a security, although terminology used is rather different. The issuer is equivalent to the borrower, the bond holder to the lender, and the coupon to the interest. Bonds enable the issuer to finance long-term investments with external funds.


1. Current Yeild


If you are looking to estimate the amount of money you stand to gain, the procedure is really quite simple. Divide the annual interest amount paid by the current market price. CY = IAP*100. (The 100 turns the fraction into a percentage.) For example, a $1000 face-value (par) bond with a coupon (interest rate) of 7% that matures in 10 years may sell currently at a discount for $950.


2. Holding Your Bond To Maturity


You will gain the most money in dividends if you hold your bond to maturity. Would you rather have $1000 today or $1000 a year from now, even assuming youre assured of getting paid in a year? Having $1000 sooner rather than later means earning interest on that $1000 for an additional year!


3. Years To Maturity


YTM is the best number to use when comparing bonds with different rates and maturity dates. With a little practice, the process becomes familiar and loses the aura of numerology. Profits go to the fearless. Here's the formula...


c(1 + YTM)-1 + c(1 + YTM)-2 +. .. + c(1 + YTM)-YUM + B(1 + YTM)-YUM = P


c = annual coupon payment (in dollars, not a percentage)
YUM = number of years until maturity
B = par value (original issue price)
P = purchase price


Resource: http://www.isnare.com/?aid=92777&ca=Finances

Saturday, November 7, 2009

How To Calculate How Much Money You Will Make On A Bond By Bill Dufrane

Bill Dufrane

If youre going to play the market, youre likely in it to win. You expect a modest return on your investment, or at least to make your money back. Your choice of investment matters a lot, so it really helps if you can calculate how much money you can expect to make. The most general meaning of yield is the amount of money returned (usually annually) in the form of dividends.


Within finance, a bond is a debt security, in which the issuer owes the holders a debt and is obliged to repay the principal and interest (the coupon). Other stipulations may also be attached to the bond issue, such as the obligation for the issuer to provide certain information to the bond holder, or limitations on the behavior of the issuer. Bonds are generally issued for a fixed term (the maturity) longer than one year.


A bond is just a loan, but in the form of a security, although terminology used is rather different. The issuer is equivalent to the borrower, the bond holder to the lender, and the coupon to the interest. Bonds enable the issuer to finance long-term investments with external funds.


1. Current Yeild


If you are looking to estimate the amount of money you stand to gain, the procedure is really quite simple. Divide the annual interest amount paid by the current market price. CY = IAP*100. (The 100 turns the fraction into a percentage.) For example, a $1000 face-value (par) bond with a coupon (interest rate) of 7% that matures in 10 years may sell currently at a discount for $950.


2. Holding Your Bond To Maturity


You will gain the most money in dividends if you hold your bond to maturity. Would you rather have $1000 today or $1000 a year from now, even assuming youre assured of getting paid in a year? Having $1000 sooner rather than later means earning interest on that $1000 for an additional year!


3. Years To Maturity


YTM is the best number to use when comparing bonds with different rates and maturity dates. With a little practice, the process becomes familiar and loses the aura of numerology. Profits go to the fearless. Here's the formula...


c(1 + YTM)-1 + c(1 + YTM)-2 +. .. + c(1 + YTM)-YUM + B(1 + YTM)-YUM = P


c = annual coupon payment (in dollars, not a percentage)
YUM = number of years until maturity
B = par value (original issue price)
P = purchase price


Resource: http://www.isnare.com/?aid=92777&ca=Finances

Monday, October 26, 2009

Who Does Not Want To Make Money Quick? By Scott Michaels

Scott Michaels

Everyone wants to make money quick. I’m not sure what happened, but in this age of high speed internet access and instant online everything, everyone is looking for a way to make money quick as well. And why not? Who wouldn’t want to make money fast anyway? So long as no one gets hurt, there’s nothing wrong with making a fast buck.


Just make sure that when you’re looking for a way to make money quick you don’t become the target for someone else trying to make money quick. The almost universal desire to make money fast has created a huge market to be easily exploited by anyone with a little creative savvy. I see so many make money quick schemes exploding across the internet, it kind of scares me a little. I have to wonder at their popularity; is that a sign of their desperation, or is it a measure of their success? Picturing thousands of people across the world giving out their credit card numbers and falling prey to these little gimmicks makes me kind of sad.


Some of my favorite make money quick schemes pop up on the television at strange hours of the night. These are nothing short of hilarious. My favorite is that guy who’s selling ‘The Greatest Vitamin in the World’. That guy is the funniest guy I’ve ever seen, and represents everything you want to avoid when trying to make money quick.


A good general rule to keep in mind when perusing through different ‘make money quick’ ideas you see online or on TV; if it sounds too good to be true, it is. You can’t make money quick without knowing how to do something well, taking some risks, and yes, doing some work. Any make money quick offer you see that doesn’t require any work, skill, or risk on your part is more than likely a scam, and should be approached with a high degree of criticism.


I’m not going to suggest any ways to make money quick, because if I knew any I’d be out there doing it right now instead of writing this. My idea of a way to make money quick is to go to medical school, so what the heck do I know about fast money. 11 years of education, training, and a lifetime of debt isn’t really a good way to make money quick, but then again 11 years is just a blink of an eye with respect to the age of the universe.


Resource: http://www.isnare.com/?aid=93875&ca=Finances