Consumer Finance 101: How to Get It Right


If you run a business that sells expensive products or services, you might like to offer financing options to your customers. There are many different ways in which you can tackle that process. However, there’s no need for it to become a headache. You just have to use some of the guidance from this article to ensure you don’t overlook anything important. Providing the best financing information will help you to boost sales and increase your profits. So, don’t do anything else this year until you’ve read this post. At the end of the day, you would have done this already if you had the right tips and advice when launching your operation.

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Prepaid Funeral vs. Funeral Insurance: Which One Is a Better Choice?


Death is certain, maybe the most certain thing in life so why avoid it or shy away from it? And while our own death and funeral is fearful for us, it is even more of a nightmare for the loved ones.  This makes it kind of necessary to help those, who love us, prepare for funeral by taking care of the expenses because they already have to supervise the arrangements even when they are feeling awful and shocked from the sudden loss.

For this reason and many others, most people plan and pay for their funeral in advance. If you are planning the same, you’ll be faced with the choice to either to go for the Prepaid Funeral or for funeral insurance cover. To make your decision easier, here’s a piece of useful information to paint a clearer picture for both options:

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Smart Tips for Managing Small Business Cash Flow during Rapid Growth


You would think that an increase in orders and growing interest in your business would be good news all round as it means that your company is expanding, but without the right amount of cash flow to support that growth, it could spell trouble.

There are plenty of examples of business owners who have not been able to survive their growing pains because of a lack of cash to support their expansion, so you need to plan for what lies ahead.

Here is a look at some ways to keep on top of cash flow. There are some tips on keeping your business and personal expenses away from each other, an insight on what cash flow actually means, and details on how to produce a cash flow statement to help stay on top of your money.

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How to Control Operating Cost in Your Business


In business, the operating cost matters a lot. I’m sure I don’t have to tell you this, and you probably agonised over every single penny you spent in the infancy of your business. However, as the operation grows, and you have to worry about more and more factors, it becomes progressively harder to keep tabs on the amount of money you spend. Here, I’ve listed our best tips on reducing your costs as you scale your business.

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7 Tips for Effective Credit Control in Small Business


Many small businesses overlook the importance of credit control. They assume that because the orders and sales are rolling in thick and fast, everything is great. What they fail to realize is that if a few customers don’t pay, their cash flow will dry up.

You need to be proactive about collecting payments from your customers. It’s not enough to send out an invoice and forget about it. There will always be some customers who wait as long as possible before making payment. The problem is that if you don’t have enough money flowing into the business, it affects your ability to pay your own suppliers. Some might be understanding, but others, in particular the IRS, definitely won’t take kindly to being made to wait for payment.

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10 Surefire Ways to Lower Your Electricity Bill

Most consumers are very selective when it comes to choosing their phone service provider, deciding which gas station to go to save the most amount of money, or picking a car insurance company that has the cheapest rates. However, when it comes to saving on the costs of electric bills, very few residents know exactly what they are paying for or how to lower your costs.

This article will lay out 10 different strategies you can do to help drastically lower your electricity bill so that you can save and spend money on the things in life that are really important to you.

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5 Reasons Gold and Silver is Better Investment than Stocks


Precious metals such as gold and silver have been widely respected throughout the world for their value as well as beauty. In fact since time immemorial gold and silver have been the ultimate criterion of wealth with gold coins being traded as a form of currency for almost 3,000 years. To this day gold and silver are considered excellent investments both in Australia as well as the rest of the world.

1. Precious metal vs. paper
Investments that have been made in a volatile share market (and that includes mutual funds, money-market funds, and the shares of different companies even blue chip stock) are often thought of as reasonably ‘safe’ investments. However, nothing could be further from the truth, since the inherent risk in the stock market is part and parcel of its business.

Let us take the example of the Trump electoral victory on the ASX. (Australian Stock Exchange) When the results were announced the market went though the floor, only to rebound within hours. Such massive fluctuations can make and break people. While it is true that precious metals market may be bearish or bullish but the overall trend is that it is more stable than its stock market counterpart.

In fact, if we were to look at it in the historical context, from the great stock market crash of 1929 that ushered in the great depression all over the world including Australia to the impact of ‘Brexit’ (The British exit from the European Union) on the ASX, the volatility of the stock market is a regular feature of life.

2. Hedge against inflation
Investing in gold and silver provides a certain level of protection from inflation. The market may tend to go up and down, but unlike inflation ( currently measured at between two and three percent in Australia)  in the long run, precious metals tend to remain stable and do not lead to a steady erosion in the value of your paper money.

3. Gold and silver retain their value
Unlike liquid cash, coins or other assets such as property, gold and silver have consistently maintained their value throughout the ages. In fact, for many people in Australia, they are seen as the best way to preserve and protect their wealth and pass it on to their coming generation. Investments in the stock market, on the other hand are not seen as long term generational investments since even the most financially sound companies are known to go bust once panic selling sets in and thus turn their shares into worthless paper.

4. Help stave off the effects of deflation
Even though Australia is not going though a deflationary cycle (period of time when prices drop drastically) but such phases in a national economy are seldom predicted with any accuracy.  In such a scenario, gold and silver tend to retain their original value.

5. Silver – The Common Man’s Gold
The acquisition of silver is much more attainable for the Australian population as compared to the far more expensive metals such as gold and platinum. In fact Silver is often touted as the “common man’s gold”.

Today, thanks to its widespread use in the solar energy industry as well as other decorative and industrial uses, the price of this metal is predicted to rise steadily unlike the stocks that are traded in the stock market, and that is why it is considered an excellent investment option as compared to many others.

Answering 5 Key Questions on Vehicle Finance

Vehicle financing has become very popular in recent times. It enables someone who doesn’t have sufficient amount of cash to still drive a vehicle of his own. The vehicle finance term has an average monthly search volume of 590 searches on Google, while consumer insight portal Answer The Public has found that web users commonly ask over 40 questions in relation to this topic.

While it is easy to obtain financing it is equally challenging to understand all the nuances related to it. You need to worry about multiple financing options, interest rate, documents required and so on. An average Joe will have a difficult time putting it all together. To help you better understand this subject; join vehicle hire specialists Northgate as they have worked to answer five key questions surrounding vehicle finance:

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5 Payroll Outsourcing Trends to Look for In 2017


Over the years, several significant advances have been made in the payroll processes. Today, companies no longer need to invest and train payroll officers or hire accountants. All they have to do is sit back and let their administrative and payroll processes run smoothly and efficiently thanks to outsourcing administrative businesses and payroll professionals.

Its numerous benefits have been discussed in detail in this report issued by the Australian Payroll Association. Moreover, an annual growth of 4.5% in outsourcing to companies and payroll professionals has been recorded in Australia in 2011-2014 as reported by IBIS World, which in itself is a testament to the increasing demand of outsourcing companies and payroll professionals.

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Feeling Taxed? What Expenses You Can Claim As a Business Owner


Being an entrepreneur or a business owner requires knowing everything about your company, inside and out. So when the topic of taxes crops up, can you honestly say that you know everything about how to save on them? The whole tax return process can be a very daunting one to say the least, but small businesses need to keep a close eye on what they can deduct and what benefits are available to them so they can reduce what they are liable for. We are all looking for ways to save money, and when you are starting a small business, saving money is the name of the game! So use some of these methods to help make your business as cost-effective and tax-deductible as you can.

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