Mind of Money

How Women Ought to Spend Hard-Earned Money

Gender differences in salaries between man and womanThe latest stats show that women are earning as much or more than their male counterparts. According to this post from Time, some 50 percent of non-farm jobs in the U.S. are being held by women. The number of female entrepreneurs is growing too, owning a third of U.S. companies.

If you are one of these feisty females enjoying economic power, how should you spend your money? Here is a list of smart purchases you ought to be making to maximize your earnings.

A good mattress and high thread-count luxury sheets

Durable and comfortable, not only will these last you a long time, they help you get a good night’s sleep, which you will need to take on a hectic day. The point is to invest in self-care so you can max out your productivity.

Versatile clothing and comfortable footwear

Even if you’re not particularly into fashion, slipping into something that fits well, is in style and can be appropriate for corporate or cocktails is essential in business.

A real piece of jewelry

A piece of custom jewelry here in Salt Lake City shops is an incredible investment. Not only can you use it to attract even more opportunities, but it also carries real economic value that will not depreciate over time. Buying jewelry you love is a great way to grow wealth.

This New York Times article lists down more reasons to shell out good money for jewelry.

Skin care products

By the time you hit 30 or 40, there is very little you can do to reverse the skin damage caused by a hectic lifestyle. If you can afford it, invest early in quality skin care products that protect and nourish your skin so you will not have to worry about them too much as time goes by.

Productivity tools

Anything that can help you do more in less time should be your next guilt-free purchase. It can be a high powered food processor in your kitchen, a scanner in your home office, smart lock systems for your doors, or cool cleaning gadgets for the lazy.

Investing in the right purchases can help preserve your wealth and allow you to do more with your unique talents!

October 19, 2017 at 1:00 amMind of Money

Tips to Secure Your Online Banking Transactions

Padlock iconOnline banking with TAB Bank is a great convenience for every hardworking person out there. It gives you the freedom to handle most of your financial transactions without having to deal with long lines or limited banking hours. As with any other financial transaction, however, you'd still need to put certain security measures in place.

Aside from having a strong password, there are other ways you can safeguard your bank account against scammers. Here are some other measures you can use to safeguard your hard-earned cash:

Activate Two-Factor Authentication

Some banks offer two-factor authentication for its online transactions. This involves the bank sending you a verification code via your phone or any of your other devices. This feature means no one can access your account if they don't also have your device with them.

Be Wary of Fraudulent Emails

Email phishing is one of the most common identity theft scams on the internet. This usually takes on the form of an email formatted to resemble official bank communication. Fraudsters use this technique to ask for your personal information or login details by directing you to a fake login page. If you receive any emails that ask for sensitive information, contact your bank right away to verify if they're the ones who really sent it.

Always Log Out

Once you are done with your transactions, be sure to click the logout button. This will reduce the chances of session hijacking or other cross-site exploits. Don’t wait for the account to log itself out.

Online banking is convenient and safe if you use it the right way. Always ensure that you are working with a reputable bank that cares about your security.

October 9, 2017 at 9:58 pmMind of Money

3 Things You Need to Know About VAT Funding

Accountant's spreadsheet and calculatorVAT stands for Value-Added Tax. This is a type of tax that is often added to a product if there is value added towards the final sale or during the final stages of its production. For instance, if you buy a laptop that is produced somewhere in Europe, the laptop manufacturer pays VAT on every piece of material used to produce the said product. As the end consumer, you pay the applicable VAT. Now, there are cases when the manufacturer needs to get a loan to pay for the VAT they are being charged with.

Corporate and Medical Finance Ltd lists some of the things you need to know about an application for VAT loans.

How does a VAT loan work?

First, you need to find a lending company that offers VAT funding. You inform them about the amount of VAT debt you need to pay, and they will create a proposal to finance the debt for a particular period, normally between three and 12 months.

What are the advantages of getting a VAT loan?

For several SMEs, VAT payments can largely affect their cash flow, especially if there are a lot of challenges and setbacks. This means that the company often need to reduce their working capital just to cover the VAT payments. A VAT loan or funding can help SMEs lighten their load by stretching the payments within a specific term, freeing up any bottlenecks without the worry of being delayed in VAT payments.

Do I need to have good credit to have my VAT loan approved?

Like any loan, lending companies conduct credit and risk profiles checks to ensure credibility and establish good status before the VAT funding is approved. This is why borrowers are advised to work on their credit scores first so they can easily apply for VAT funding and help their cash flow to improve.

Get a VAT Loan Today.

If you’re having trouble with your VAT payments, consider applying for VAT funding. It’s a good and flexible financial solution to your VAT payment problems.

 

 

September 13, 2017 at 5:26 pmMind of Money