Setting up a budget your photography business can live with

A good business budget can make the difference between a photography business that thrives, and one that will have to close its doors within six months to a year. If you don’t have any idea where money is going, or where you’ll get more money, then the dream of running a company will slip out of your reach. You’ve got to think about building a professional photography business that meets your goals, challenges your weak spots and encourages you to grow.

Let’s start with the budget. Do you know how much money is coming in every month, as well as how much you can expect to make over the next three months? While you might be scratching your head on those numbers, chances are good that most of the established businesses you have heard of on the television and radio can rattle off those numbers with no trouble. Of course, they have accounting departments to handle that part, but you can still capture this information for yourself. You should have a basic accounting set-up if you want to build your business right. Continue reading Setting up a budget your photography business can live with

Switching your Bank Account for a Financial Reward?

With competition between banks increasing, many are offering financial rewards if you switch banks; but is it worth switching or is it best to stay loyal?

Many banks offer a cashback incentive to new customers; however as this is a one-off lump sum it has to be considered along with the other features of the account in order to determine if it is the best deal for you. Many accounts have a monthly fee, which can be as high as £18. This totals £216 in the first year alone, a sum that may be more than double the reward for switching. If you are frequently in your overdraft, even switching to a free account can cost you money if the overdraft fees or interest are higher than your original account. Similarly, if you frequently travel abroad the charges for using your card overseas may outweigh the benefits of switching. Continue reading Switching your Bank Account for a Financial Reward?

Mop Up a Money Mess Quick – Here’s How!

It’s a classic situation: you have a bill or three that need to be taken care of before it gets too late. Instead of wringing your hands nervously, you have to make sure that you’re looking ahead of the stress: you CAN and WILL get past this point. But the early stages of panic remind you that you must get a solution figured out as fast as possible, otherwise there’s going to be trouble. You can’t just hope that everything is going to fall smoothly into place. When you’re dealing with a true Money Mess, easy isn’t automatic.

But here’s something that is easy and pretty automatic: cash loans offered through shortermloans60.co.uk. This is a site that’s chock full of information on the process, but more than that, you will have the ability to finally free yourself from a Big Money Mess. The more that you can focus on this point, the better off you will be in general. Don’t think for a second that you’re going to have to just let the financial issue get worse.

The lenders behind these quick money loans don’t concern themselves with whether or not your credit is the best. We’re talking about a little money designed to get you from one situation to another. We’re talking about a little bit of a stretch until you get your paycheck. That’s worth looking into, isn’t it?

Going online gives you peace, private, convenience, confidence, and security. What else could you really want other than that? Make sure that you’re taking action to get out of the Money Mess. Continue reading Mop Up a Money Mess Quick – Here’s How!

Funding and incentives available to home owners

The UK and EU government is trying to encourage people to go green and are trying to find alternative energy solutions to replace our finite supplies of fossil fuels. However, the initial expense of installing a renewable system at your home to replace your current heating and electricity systems often puts people off. This is where the following government funding and incentives come in – read on to find out which incentive is best for you and your property.

Feed-in Tariffs scheme (FITs)

This is a financial incentive for people to adopt eligible electricity generating renewable technologies including, solar panels, wind turbines, Micro CHP (micro combination heat and power) and micro-hydro systems.

Simply, you will be paid for the electricity you generate as well as any surplus energy you export into the National electricity grid.

To qualify for the FITs payments your system must have been installed by a MCS certified installer. Your installer will provide you with a MCS certificate which you need to present with an EPC certificate for your property to apply for the FIT scheme. The EPC proves that the building the installation is attached to, or wired to provide the electricity to, is a level D or above.

Renewable Heat Incentive (RHI) for domestic homes

This is a finance support scheme which provides long-term financial incentives for people who install renewable heating systems which generate your home with heat such as heat pumps and solar thermal.  This is the equivalent for heating as the FITs are for people who generate their own electricity. You will be paid for the heating unit outputs your system generates.

To qualify for the RHI you will need your system to be installed by a MCS certified installer and a Green Deal assessment must be carried out on your property to qualify for the funding.

The RHI is being launched in spring 2014, in the meantime, there is a short-term incentive available called the Renewable Heat Premium Payment (RHPP). Continue reading Funding and incentives available to home owners

Organising an Online Loan

There are many people that get very worried about organising their finances online. It can be a concern that financial details might be compromised or the company that you use do not have a good reputation or whatever. However, if you want to borrow in some ways, then online is the best way to do it. This is the case with payday loans as they have staff available most of the time to process applications. This means that you can apply for your payday loan online any day and at any time.

There are some things that you do need to be wary of when you are dealing with any finance online. You need to make sure that your data is encrypted when you send it, that you check the terms and conditions and that the company is trustworthy.

You can check the security of the website in several ways. If there is an https:// on the website address and a padlock then it shows that your data is being kept safely. You can also look at the address bar and if it is green, it means that the company has been verified and therefore is not a phishing website.

When arranging finances online, it is just as important to check the terms and conditions as when you are organising it offline. This means that you should make sure that you read through everything. It can be tempting just to tick the box to say that you have read them, but not actually do so. It is so important to make sure that you know exactly what you are letting yourself in for as it can be very different to what you expect. Pay most attention to any additional fees or costs as well as the repayment terms. Continue reading Organising an Online Loan

What Are Payday Loans?

Because of the unexpected nature of some life events, a large number of consumers will need to resort to borrowing cash at some point in their lives. Although there are many different loan types and conditions, payday loans are becoming an increasingly sought after solution to cash flow problems.

What are payday loans and what are they best used for?

Payday loans are short term loans that are generally used to solve a temporary cash flow problem. They are aimed to consumers who are experiencing temporary financial difficulties because of an unexpected expense, like medical bills, urgent home repairs, or any other unforeseen expenses that may significantly eat into a household budget. In short, payday loans can be considered as cash advances that help borrowers make ends meet until their next payslip arrives.

Since payday loans are primarily considered emergency funding, the main items that justify their use include medical emergencies, urgent home repairs (such as boiler repairs or replacement of essential domestic appliances like refrigerators, washing machines, or radiators), car breakdowns, and the payment of household bills whose non-payment could incur in late payment fees or in basic services like water and electricity being suspended.

A number of borrowers might choose to apply for a payday loan in order to finance their upcoming holidays, their entertainment needs, or other non-urgent and essential expenses. Other borrowers make use of the cash injection provided by payday loans in order to pay for shopping sprees or to maintain a lifestyle that is beyond their financial means, including the purchase of electronic gadgets like the latest smartphones, televisions, tablet PCs, or video game consoles. There is another common use given to payday loans, as they are sometimes used to cover mortgage or rental costs.

Although the use given to a payday loan is a matter of personal choice, it is always recommendable not to get in debt unless a major reason justifies it. Doing otherwise could result in borrowers getting into a spiral of debt that was totally unnecessary in the first place. It is important to remember that short term loans are there to make your financial life easier, and not more complicated.

To sum up, although payday loans can indeed be the lifeline of many households in times of need, it is essential to exercise caution and to carefully examine the motives behind applying for one. In doing so, borrowers can ensure that short term loans will serve their purpose and will not become a long term financial burden.

Times when a payday loan can be really handy

It seems that you can’t turn on the television or pick up a newspaper without seeing advertisements for payday loans. It also extends to unsolicited email marketing and text messages. There has been an explosion in the number of loan providers in the most recent years with promises of easy, fast cash.

An industry can only experience such a massive boom if there is a demand for it. Secured against repayment from the next wage/salary, (hence the name), payday loans are short term advances of cash. The values are modest, ranging from £50 to £1,000 and are repaid usually within a month, although most loan providers operate a rollover process. They are available without credit checks as long as certain conditions are satisfied, but they also have higher rates of interest compared to traditional loans. Cash loans are not designed for the management of long term debt but they are useful for short term cash flow problems.

Even those who are careful and manage their finances well can find themselves short of cash at a crucial time. There are also those of us who are struggling, who are only just able to manage on our earnings and are constantly fighting the recession. In times when emergency cash is needed, payday loans offer a solution.

The hassle of applying for an overdraft can be off-putting, applying for a standard loan can take far too long, and credit cards are expensive. These traditional lines of credit are not convenient for some emergencies.

If you have a family of young children and the washing machine breaks down, it is a nightmare. If the car fails and you can’t make the school run, or even worse, not get to work. Just as when your winter energy bills arrive and they are double what you expected – it’s not funny. Any manner of household emergency can strike at the most unexpected time, and if you don’t have the cash to pay for a repair or buy a new appliance, it can be extremely stressful.

Payday loans offer the solution. Applying for cash loans is a quick and easy process. It’s all done online and can be completed within 15 minutes. Most loan providers offer funds transfer within an hour of an application being approved. Meet the qualifying criteria and at the latest, within 24 hours, you’ll have the cash you need for any household emergency.