Pennysaverblog – Page 140 – Smart Finance and Money Saving Tips

Investing

A Guide To Making Your Money Work Harder For You

Contrary to what some people say, money does make the world go round. While it doesn’t necessarily buy happiness, it does make life a lot easier. Sadly, for the majority of us, there never seems to be enough it.

For most people, wanting more money isn’t just about making life easier for ourselves. The chance to provide a better life for our families is often the main reason behind the attempts to secure a better financial situation. While our jobs might keep our heads afloat, getting the most out of our disposable cash is key.

July 14, 2015

Debt

Secured & Unsecured Loans: Which Is Best For You?

If you have been looking into consolidating your debts, or freeing up cash for an essential purchase, then you will have come across secured and unsecured loans. But which one is best for your situation? Find out right here.

Secured & Unsecured Loans

There is a simple difference between secured and unsecured loans. Secured loans are seen by lenders as lower risk because they are taken out against your assets – usually your home. If you don’t pay, the lender can foreclose your home and sell it. Unsecured loans usually have higher interest because they are far riskier for the lender to make; you are just promising to pay them back. So which one is better for your situation?

July 10, 2015

Taxes

States With Higher Corporate Taxes

Corporate taxation is a complex tax system, and differs by country. This tax can also be referred to as corporation tax or company tax and is a tax on the income of some types of corporations. Company income tax is often decided like taxable income for individuals but sometimes the corporate tax rates can differ. Some countries tax companies on income and when the business pays a dividend. Sometimes businesses may not have to pay any tax.

There are some countries that do not have a corporate income tax rate but the companies are required to pay other types of taxation. In some countries, multinationals (MNCs) pay a potential tax rate of between 5% and 15% conditional on market cap.

US Claims the Highest Corporate Tax Rate

The foremost corporate tax rate in the world belongs to the US. At 40% the highest-ranking corporate tax rate the US has motivated many industries to “invert”. Inversion of US businesses means that a business buys a foreign subsidiary and relocates its main office (on paper at least) to that country where it benefits from a reduced tax rate. Some have called this practice “positively un-American.”

July 7, 2015

Shopping

4 Easy Ways To Save Money When Buying A Car

If it’s time for you to buy a new car, then you’ll want to get one for a smart price. In fact, you should always look for the best ways to save money. Money doesn’t grow on trees, and we’ve got to make the most of what we have. You don’t have to spend your life savings on a car; there are many ways you can buy one and save money too:

Buy Second Hand

Instead of looking for a brand new car, look for a pre-owned model. There are tonnes of used car dealerships, both online and in real life, that have great deals on cars. Buying second-hand doesn’t mean you have to buy a rusty piece of junk. You can get used cars that are only a few months/years old and still in great quality. Make sure you thoroughly inspect a used car, and have been given all the relevant information, before you buy it. Don’t get lured into the trap of buying a used car with problems. Otherwise, it will be a waste of your money. To ensure you don’t get ripped off, check the price of a car online to see what it usually sells for.

July 6, 2015

Taxes

Four Perfectly Legal Ways To Save On Your Tax Bill

We would all love to save on our tax bill. For one thing, no one likes forking out twenty per cent of their wage even if it is the law. But, more importantly, the money we spend on taxes is our largest outgoing. If we could cut that, we cut save ourselves a fortune. How do you do it without ending up in a jail cell? Just follow these simple tricks.

Top up your Pension

The amount you pay into your pension is taken from your yearly earnings, and that figure is then taxed. What’s the result? You pay far less tax than you would do without paying into your pension. For example, say you earn $40,000 a year and pay 20% in tax, you will pay around $6,000. But, if you pay $1,000 into your pension and then get taxed on $39,000, you will only pay $5,712 in tax and save around $300.

$300 a year is a lot of money that you could spend on a holiday. So, instead of paying tax, spend two weeks of the winter in sunnier climates.

July 6, 2015

Older Posts

Newer Posts