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Further
Reading ...
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10 Easy Steps to Boost Your Search Engine Rankings! - Marcus Schroefel
In order that someone finds your website and buys your product on the Internet it is essential to make it known to the world. So the first thing you do is to submit to search engines. But a search engine listing alone does not assure you will...
Internet Marketing and Your Old Age - A Raymond Randall Jr
Everybody wants to learn how to make money on the Internet. What about saving money for retirement and your future? If you don't do it, who will? Alan Greenspan, Chairman of the Federal Reserve Bank, recently confronted the U.S. Congress about...
Top 10 Ways For Copywriters To Overcome Writer's Block - Jo Han Mok
We all know that words have the power to persuade, compel and most importantly, sell. However, many have likened the process to getting the 'right words' to trying to get blood from a stone. When I first started out, writing copy meant...
"Dear Bill Gates" or How NOT to Start Your Business - Milana Leshinsky
This subject is familiar to many solo entrepreneurs. Yet you will rarely see it discussed openly. It is a side effect of selling a good product. Sort of a "bonus" that comes with being successful. Once in a while I get an e-mail that reads along...
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How To Save Money On Credit Cards
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Written By:
Paul Davis
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Some credit cards offer a cash advance option. But how good a deal is this?
Not very. In fact, it can be downright expensive.
Why?
Because every time you use your credit card to withdraw case, more fees kick in:
- Cash advances can carry an upfront fee of 2 percent to 4 percent of the amount advanced.
- The advances have a higher interest rate than regular card charges.
- Interest charges begin to mount as soon as the money comes out of the ATM.
- Many issuers also require you to pay down the balances for purchases before you pay down the higher-interest cash advance balance.
Here's an example of how these fees kick in:
Assume you bought a television for $500 on your card and then took out $50 in cash. Even though you pay the $50 back the next day, you still lose - continued below ...
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continued ...
your interest-free period because the credit provider deems you pay the cash back last.
As a result you will still owe the $50, but you will now only owe $450 on the $500 worth of purchases.
You'll continue to forfeit your interest-free period up until you have completely paid back the full $550. Any future purchases will still be ahead of the $50 in the payback line.
The lesson is simple: Avoid using your credit card to withdraw cash wherever possible. You'll save money as a result!
Paul Davis is financial writer and contributor to http://debt-elimination-4u.com. Stop by and pick up your FREE guide on how to get out of debt now at: http://debt-elimination-4u.com/get-out-of-debt.htm
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| _Additional Resources ... |
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How To Save Thousands On A Mortgage Or Any Other Loan - David Berky
Interest on the average home mortgage will cost the homeowner nearly TWO TIMES the cost of the home. If you were to purchase a $150,000 home with a $120,000 mortgage (80%), and you paid an interest rate of 9% for 30 years, you will have paid over...
How To Start A Profitable Home-Based Business - Dirk Wagner
There are many reasons for starting a home-based business.Some people start a home-based business for economical reasons; to earn a little extra cash for themselves. Some people turn their hobby into a profitable home-based business. With the...
Shopping Tips (3) - Rick Tangri
---+-----+-----+-----+-----+-----+ Shopping Tips: 1. Some people spend up to $8,000 for a stereo system. The music that it can produce is very high in fidelity. However, it will not be ten times better than a system that costs one-tenth that. ...
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