Pennysaverblog – Page 231 – Smart Finance and Money Saving Tips

Credit Cards

The Most Common Reasons That Credit Card Applications Get Denied

Have you been looking to get a credit card? If so, you’re certainly not alone. Each year, credit card companies make millions and millions of dollars due to the astronomical amount of people who have one of their cards. In some ways, a credit card can make life more convenient when it comes to booking reservations and making large purchases. Plus, if you have a good payment history, it can do wonders when it comes to boosting up your credit (that is if you use it responsibly).

For these reasons, it could be wise to apply for a credit card. However, before you do, we wanted to provide you with five of the most common reasons why credit card applications are denied, just so that you can be prepared ahead of time:

You didn’t complete the application. In school, some of us were told that we could get a few points just for making sure we put our name on the top of our papers. It was partially to prepare us for filling out things like credit card applications. When vital information is missing, you will definitely be denied. Just something to keep in mind.

January 15, 2013

Wealth

Majority Of Canadians Plan To Rely On CPP For Part Of Retirement Funds

Half of non-retired Canadians say they plan to retire by age 65 and expect Canada Pension Plan (CPP) to fund part of their retirement, according to a recent Leger Marketing survey for H&R Block
Canada. But less than one-third actually know how much to expect from CPP every month.

The same group of Canadians listed Canada Pension Plan, Registered
Retirement Savings Plans (RRSPs) and Old Age Security (OAS) as the top three
ways they planned to fund their retirements.

“Canadians who are not retired yet may be relying too much on CPP or Old Age
Security benefits as part of their retirement plan,” explains Cleo Hamel,
senior tax analyst at H&R Block Canada. “And with the recent changes to OAS,
you will not be able to access that benefit until age 67 if you were born on
or after February 1962.”

January 14, 2013

General

5 Common Home Inspection Issues That Can Prevent The Sale Of Your Home

Are you preparing to put your house on the market? If so, it will take a lot more than a good house cleaning and coat of paint to make it appealing to potential buyers. As a matter of fact, it’s a good idea to do a thorough inspection of your home so that you can take care of whatever could keep you from making a sale. So, what are some common home inspection issues that can prevent the sale of your home from transpiring? We have five main things for you to look out for below:

Check the roof and the floor. Replacing a roof on a house is somewhat of an expensive project and so if people notice that it’s time to get a new one or that the gutters are weak, that can definitely deter them from wanting to place an offer on your house. Also, if there is border damage along the foundation of your home, signs of insect infestation or rotting wood, those can be deterrents too.

January 14, 2013

Investing

Flipping Real Estate – The Dos And Do Nots

If you’re someone who has an interest in real estate and also in making money, then you’ve probably thought about getting into the business of flipping houses. After all, to purchase a home and then turn around and sell it for a profit can definitely be an attractive endeavor to get involved in.

However, nothing in life is as simple as A-B-C or 1-2-3. Virtually all things have fine print and stipulations to consider before taking on a particular task, including flipping homes. So, before you start to really put some time, effort and resources into it, we’ve provided you with a few do’s and don’ts to think about first:

Do know the guidelines. While there are some real estate rules that apply across the board, there are others that are relevant only to your state or province. You don’t want to take on a project like a home and sell it only to realize that you broke some of the laws surrounding house flipping where you live. Therefore, you need to do your research first.

January 13, 2013

General

Should You Consider Buying Insurance For Your Smartphone?

These days the vast majority of Americans leave the house with a smartphone in their pocket. These incredible devices can complete a phone call from the majority of locations around the earth, but that’s only the beginning of their application. Gone are the days when sending a text message was looked at as high technology. People now use their smartphones to deposit checks and transfer money from accounts all across the world. Smartphones are our navigators and GPS locators in the wilds. They’re an endless supply of apps, from video games to recipe guides. Smartphones are our cameras and our social networking portals. People spend huge chunks of their days with their eyes on those tiny screens, and really who can blame them? Smartphones are incredibly powerful computing devices, yet so simple that even small children can use them. With so much riding on your smartphone working when you need it to it’s natural to want to protect it from all possible issues. Should you consider buying insurance for your smartphone?

January 12, 2013

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