More Than Finances

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A Complete Paribus Review – From How It Started To The App

A Complete Paribus Review From How It Started To THave you ever bought something and only a few days later found the same exact thing but for a lower price? Of course you would like that price difference refunded to you, who wouldn’t? With Paribus that’s completely possible and easier than ever. So here is More Than Finances Paribus Review.

What Is Paribus, And How Did It Start?

Paribus was created by Harvard Alumni Eric Glyman and Karim Atiyeh in 2014 on the belief that you shouldn’t always pay full price. Paribus reviews your recent purchases comparing the price you paid and the price it currently is. If the price has fallen within the products price match guarantee they get the refund and keep 25% of what they save you. If they don’t save you anything then they don’t make anything.

How Does Paribus Review Your Purchases And Save?

First, you have to give Paribus your information to tie into your accounts. With Amazon you simply provide your sign in information and it will automatically track everything you have purchased in the last 30 days. You can also have Paribus review your email account checking for other merchants such as Best Buy, Walmart, Overstock, Costco, Macy’s, and others.  Here is a screenshot from the Paribus website showing all the retailers they currently work with.

Completed paribus review

This is money you are technically already owed, they will give you a refund of the price difference if you ask. However, you have to do a lot of work in order to do so. Paribus does all the hard work for you and does so automatically. You never really need to check in with it, Paribus will let you know when they have done their job and email you.

How Much Will Paribus Really Save You?

Do you shop online often? Do you use major sites like Amazon or Walmart? Then Paribus can save you a ton of money. If you buy online from time to time it may not save much. The more shopping you do online the more money it could possibly save you.

For instance if you buy on average 100 things a month (go with me here) you could very well find 1 to 10 things a month that will save you money. However, if you only buy 1 to 10 things a month you may only see a few dollars a year in savings.

Personally though, I would have it activated anyway all the time. Even if you don’t buy things often when you do this is a nice backup to make sure you get the best price available.

How Good Is The Paribus App?

On top of having a great service that you can look at online anytime there is a Paribus App. Right now unfortunately the Paribus app is unavailable for android. As part of this Paribus Review, I reached out to customer service I discovered that at one time they did also offer a Paribus android app however it isn’t currently available. They are in the process of completely redoing it and should have it working in the near future.

The Apple Paribus app however, works great. What I love is that you can go through and see how much others have saved today. It also shows the “top payout” which on the day I looked was $102.84 for a mini bike. The majority of things on there though save anywhere from $1 to $15.

Another way the Paribus app saves you money is by allowing you to buy things others have saved money on. If you see something someone else has received a refund for and you would like to buy it then the option is available to you.

How Do I Sign Up For Paribus?

Sign-up is easy. There are four steps, taken directly from Paribus’ sign-up page. These should help you get started:
Paribus-review-sign-up

So, pretty much:

1. Get the app.
2. Give your email and credit info to Paribus.
3. Shop online
4. Sit back and get paid.

Finally, if you have a few spare moments, consider checking out this video on Paribus.

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Starting a business? Do you choose savings or a loan?

Most people starting their own business dream of ending up like Donald Trump, but unless the financing it carried out correctly in the first place, they have more chance of ending up like Donald Duck.

Deciding whether to use savings or borrow money to get started is a tough choice to make, especially if time is of the essence, as putting sufficient money away is not a quick process.

It is hardly surprising, therefore, that the majority of business owners decide to take out loans or finance the business some other way, rather than waiting until they have enough money in the bank.

These individuals usually budget to repay their loan commitments from the profits the business is expected to bring in – but what happens if the venture does not perform as well as planned?

In reality, few firms are particularly profitable to start with and it can take a number of years before they are truly able to say that they are financially secure.

This means that individuals who have no other source of income and no savings in the bank can be balanced on a knife edge and it can only take one particularly big bill to severely damage finances and put the business at risk.

Having loan payments to make in the early days can put added pressure on the business and make the difference between a success and a failure.

A large proportion of businesses that fail, do so in the first two years, with many falling by the wayside due to inaccurate on unrealistic financial assumptions.

A safer way to get going is to start small and upscale if demand warrants it. This not only reduces the overheads, but also means less finance is needed, making saving at least part of the funds a viable option.

Due to the risks associated with running a business on finance, some people attempt to save money before they launch into the market – a sensible option but one that requires sacrifices, commitment and patience.

There are many kinds of accounts available suitable for savings; click here for a range of examples and explanations of the different rates of interest and savings terms.

Waiting until there is sufficient money in the bank ensures that the business gets the best possible start and does not add the pressure of finance to a fledging company.

However, getting enough funds together without any form of financing can take a painfully long time, especially with the current economic climate and low interest rates.

In reality, the best way forward is a combination of the two approaches. Whilst it would be lovely not to have to borrow money to get started – it is also important not to miss the opportunity in the market and waiting for too long could mean someone else corners your customers.

On the flip side, putting too heavy a burden onto a newly formed business could doom it to failure from the start. Therefore, budgeting for money to continue to be set aside and keeping a financial buffer in the bank is a very good idea.

By keeping the start up costs as low as possible and the operation realistically sized, it should be possible to allow the business to grow slowly whilst still being able to set money side for upsizing should the need arise.

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Is the poor economy eating into your savings?

There is no escaping the fact that these are tough financial times and many Americans are finding it difficult to survive on the money in their checking account.

While everyone knows how important it is to have savings, it can sometimes be impossible to get through the month without dipping into them.

With interest rates so low, it is undoubtedly a better idea to use savings than to take on extra debts such as credit cards to pay for essentials.

But the real question remains, are there alternatives to constantly spending money from the savings account in order to have enough money to survive?

The first step may sound obvious but few people take the time to do it properly and that is to plan a budget.

Sit down and write out your household expenditure and work out where you are wasting money. Looking at the last three months of spending from your checking account can be a good way to work out where the dollars actually go.

Once you have identified any areas where expenditure could be cut out, the next step is to make some savings.

Research has shown that most people are not very good at shopping around to get the best deal; once they have signed up with an insurer for example, they tend to stick with them at renewal.

Switching insurer or even changing to online shopping with a cheaper grocery store can bring considerable savings yet few people bother because of the effort involved in researching. A quick way to bring some of the best results is by using comparison sites to find the best deals.

Many experts recommend paying for everything with cash rather than charging it when you are trying to save money. This is a great idea as it helps give you a better idea of how much money you are spending but sometimes, a credit card can actually save you money.

This may sound like a contradiction but using the right kind of credit card could end up not costing you a cent and actually earn you money or bring savings.

Shop around the market and find a credit card that offers good rewards that would be useful with either cashback or discounts at your grocery store for example. These are things that would save money on basic living essentials rather than luxury items such as cheaper vacations or flights.

Once you have your card, use it for everything you can that month. Charge everything rather than paying cash. Just keep track of how much you spend and don’t go over budget.

When the bill arrives, pay it off in full so you do not get charged any interest. The money you have spent on your card will quickly earn you discounts or cashback, depending on the card you chose and as you paid the bill in full, you will not have any interest charged. Hey presto, you have a credit card that actually bring you savings!

The other way to protect your savings is by increasing your income. Is it possible to get some overtime at work or help out another department to earn some extra dollars? You could also think about taking on a small part-time job in the evening or weekend; this will help pass the time without spending money as well as providing more income.

Another option to boost your income without taking on more work is by selling unwanted items you may have around the home. Try advertising in the local paper, have a yard sale or even sell them online. One man’s junk is another man’s treasure and this not only de-clutters your home but also boosts your savings with the minimum of effort.

There is no escaping the fact that these are tough financial times and many Americans are finding it difficult to survive on the money in their checking account.

While everyone knows how important it is to have savings, it can sometimes be impossible to get through the month without dipping into them.

With interest rates so low, it is undoubtedly a better idea to use savings than to take on extra debts such as credit cards to pay for essentials.

But the real question remains, are there alternatives to constantly spending money from the savings account in order to have enough money to survive?

The first step may sound obvious but few people take the time to do it properly and that is to plan a budget.

Sit down and write out your household expenditure and work out where you are wasting money. Looking at the last three months of spending from your checking account can be a good way to work out where the dollars actually go.

Once you have identified any areas where expenditure could be cut out, the next step is to make some savings.

Research has shown that most people are not very good at shopping around to get the best deal; once they have signed up with an insurer for example, they tend to stick with them at renewal.

Switching insurer or even changing to online shopping with a cheaper grocery store can bring considerable savings yet few people bother because of the effort involved in researching. A quick way to bring some of the best results is by using comparison sites to find the best deals.

Many experts recommend paying for everything with cash rather than charging it when you are trying to save money. This is a great idea as it helps give you a better idea of how much money you are spending but sometimes, a credit card can actually save you money.

This may sound like a contradiction but using the right kind of credit card could end up not costing you a cent and actually earn you money or bring savings.

Shop around the market and find a credit card that offers good rewards that would be useful with either cashback or discounts at your grocery store for example. These are things that would save money on basic living essentials rather than luxury items such as cheaper vacations or flights.

Once you have your card, use it for everything you can that month. Charge everything rather than paying cash. Just keep track of how much you spend and don’t go over budget.

When the bill arrives, pay it off in full so you do not get charged any interest. The money you have spent on your card will quickly earn you discounts or cashback, depending on the card you chose and as you paid the bill in full, you will not have any interest charged. Hey presto, you have a credit card that actually bring you savings!

The other way to protect your savings is by increasing your income. Is it possible to get some overtime at work or help out another department to earn some extra dollars? You could also think about taking on a small part-time job in the evening or weekend; this will help pass the time without spending money as well as providing more income.

Another option to boost your income without taking on more work is by selling unwanted items you may have around the home. Try advertising in the local paper, have a yard sale or even sell them online. One man’s junk is another man’s treasure and this not only de-clutters your home but also boosts your savings with the minimum of effort.

 

More about personal finance:

Frustrated With Great Lakes

Walmart Savings Catcher Phone Number

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Savings Myths

The current economic downturn has affected us all and with no real end currently in sight, we are all desperately trying to do our bit to save some money. The amount of people with savings is at an all time low, whilst credit card debt gets ever higher.

People give all kinds of reasons as to why they haven’t got money set aside for the proverbial rainy day. Many of these excuses are based on myths, an idea that gets into the national psyche and sticks, but they are not all true.

Many people have convinced themselves that they simply can not afford to save, that each and every dollar coming in their next pay check is already spoken for.

It is quite likely that even those on the most modest incomes can, with a little creative budgeting, afford to save something. For instance, do you really need that extra large skinny cinnamon latte every morning?

If you enjoy a special cup of coffee every other morning instead of every day you could make a significant saving over the course of a month, money that you could be saving. You may also find that it becomes more of a treat and you will enjoy it more!

It is a common misconception that saving money in this way means you have to deny yourself things that you value and enjoy. You don’t have to go without to save, you don’t have to sacrifice completely the things you enjoy, but just take a measured look and re-evaluate.

One myth that puts people off saving is the one that dictates that you should save 10% of your monthly income.

If you can afford to save 10% then great, but this will not be the case for many of us. Save what and when you can is the best advice.

Debts, whether they be loans or credit cards are an expensive business and consider how much interest you are paying.

Interest itself can run in to the thousands, thereby increasing the overall cost of an item. If you are able to purchase large items such as a car or sofa with cash you have saved, you could save a small fortune.

You don’t have to have a lot of money to invest to kick off your account. These days, accounts can be opened with relatively little money and some accounts can be opened with as little as $1.

It is also not true that saving money means that it is tied up and can not be accessed in an emergency.

Not all banks charge penalty fees for accessing your cash. Shop around and select the account that is right for you.

There are many people who look at the value of their homes and other assets as an investment for their future.

It is worth bearing in mind that property values fluctuate and there are many circumstances, some beyond your control, that will affect the value of your property.

Saving money is easy, but many of us have just gotten out of the habit.

So now is the time to start factoring in an amount to your budget each month and start making it a habit again.

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The Three Simple Steps to Save for a Rainy Day

The credit boom of the late-1990s and early-2000s precipitated a cultural shift in how people thought about money. It seems hard to believe now but credit was so readily available during this period that people would simply take out a loan or credit card to pay for the things they wanted, and worry about the payments later, whereas they would previously have put money to one side to save up for these things.

And so the idea of saving has become something of an alien concept to many but, given the rise in unemployment and the fact that lenders are no longer lending so readily, having an emergency fund has never been so important.

So if you are in the fortunate position whereby you can put money aside each month then you should be putting some into a ‘rainy day fund’ in case the worst should actually happen and you lose your job, have to go through a divorce or are hit by some other personal disaster.

Follow these three simple steps to successfully save for a rainy day:

1. Budget

Before you can start putting money to one side it’s important to know just how much you can afford to save. This is not only important to ensure that you do not put too much or too little in each month but also because it will give you a clear idea of just how long it will take you to reach your savings goal.

When creating a budget it is important to factor in everything you spend during the course of the month and you also need to break down and include any annual outgoings. So if your auto insurance amounts to $500 per year then you need to include that in your budget at around $45 per month. At this point it is also worth mentioning that it is a better idea to slightly overestimate your outgoings so you do not leave yourself short at the end of each month.

Once you have worked out your monthly outgoings you need to subtract this from your monthly income and this should leave you with a figure that you can comfortably put by each month.

2. Start saving

Once you have ascertained just how much you can put by each month, you then need to find a savings account that is best for you. The balancing act you need to perform at this point is finding a loan that not only offers you a good interest rate but one that also allows you the freedom to access your savings when you need them. There’s no point having a rainy day fund if you can’t access it when that rainy day finally arrives!

Another good tip is to look for an account that offers a bonus interest rate period whereby you can make more money on your savings. But it is also worth bearing in mind that, if you do choose an account like this, it makes sense to shop around and move your money to another account once that bonus period expires.

You could also consult a financial advisor to see if a tax free savings account, such as a Lifetime Savings Account (or an ISA if you are UK based), is best for your needs. This sort of savings account allows you to save a certain amount of money each year and whatever you put in is not tax-deductable and any returns on your investment are also tax-free.

3. Don’t dip into your savings

Once you have reached your savings goal then it is important that you do not touch the money unless you have a real emergency as it is not a holiday or new car fund, it is a safety net!

But what should be your safety net savings goal?

Studies have shown that most people take an average of between three and six months to get back on their feet after a job loss or personal crisis so this is something else that needs to be factored in to saving for a rainy day. In other words, your savings goal should be to cover between three and six months worth of outgoings.

So if your monthly outgoings are $1,500 then you should aim to save a minimum of $4,500 as this would cover you for a three month period. But, as a rule of thumb, you should aim to save as much as you possibly can as you never know how long it may take you to get back on your feet.

And if you are lucky enough to never have to call upon your emergency fund then it will continue to keep accruing interest and growing in value until you come to a point in life where you can use it for something you really want.

Article written by Les Roberts, savings specialist at Moneysupermarket.com

Picture by TheFasterDanish on Flickr