Showing posts with label Money. Show all posts
Showing posts with label Money. Show all posts

Wednesday, March 20, 2013

Take Your Coritamins

Coritamin #2

Open a savings account, if you don't have one already. Every payday, pay the savings account first, at least 10%. Expenses always rise to meet your income, so try and put the money aside before it ever reaches your wallet or checking account.

Monday, March 18, 2013

Introducing Coritamins by Corey Woods

I decided that I am going to post a daily Coritamin post to enhance your mind, body, and beautiful soul.

Make sure you take your Coritamins every day!

Coritamin #1

Make a commitment to living a more frugal lifestyle this year. And remember, the word frugal isn't a bad word! It comes from the same roots as the word "fruit"; it has to do with finding and keeping life's richest gifts, rather than wasting them.

Monday, March 4, 2013

How to Quickly Build a $1,000 Emergency Fund

Starting an emergency fund is one of the most recommended tips given by financial advisers and personal finance bloggers. It's easy to see the benefit of having such a stash of cash set aside - after all, you never know what might happen. Appliances break down, cars need repairs, and unexpected medical emergencies could occur. My wife and I have had our fund in place for the last 4 years and it has given us a great amount of peace!
Do you know how insignificant things become if you have $1,000, $2,000, or $5,000 sitting in the bank?
While the amount held in rainy day funds can vary widely between individuals, a common recommendation is $1000. That's enough to replace a broken dishwasher, pay for minor dental work or get your car checked out. It even might be enough for a month of rent or a few bills. But how do you get that first $1000?
Here are some ideas for quickly building up an emergency fund:
  • Take on a side gig: If you don't have enough money to build an emergency fund, why not make more money? It doesn't have to be a permanent second job and it need not be glamorous or terribly exciting either. Some ideas include working a temporary or seasonal retail job, doing mystery shops, or picking up odd jobs such as babysitting or yard work. Just remember to put all that money into your emergency fund and not into your pocket!

  • Use a windfall: Perhaps you expect to receive a tax return this year or an annual bonus from your workplace. This is a great opportunity to build your emergency fund. Using money from a windfall means you can instantly have money stashed away, with no extra effort or budgeting.

  • Sell your stuff: Unless you've always been a minimalist, most people have stuff lying around the house that they rarely, if ever, use. Why not make a bit of money, clear out some clutter and beef up your emergency fund in one fell swoop? Take a look inside your garage and closets and try to identify items that could be sold on eBay, Craigslist or garage sales. Then, take that money and add it to your emergency fund.

  • Budget for it: When all else fails, you can stash away a little bit of money every month into a savings account. Even $50 a month would get you $600 after one year. It'll take you longer and you'll probably hit some bumps along the way, but eventually, you'll have a healthy emergency fund saved up.

Tuesday, January 8, 2013

How to Improve Your Relationship with Money

So much has been written about budgeting. Too much advice and tips have come to our attention. But the thing is, are you really following it? Have you put your heart and soul in your budget plans? Here are some helpful tips to make your relationship with money easy.
Know the exact amount of your earnings. If you know exactly how much you are earning, you will have an idea on how much money you just have to spend. Find out how much you need for your day to day expenses including loan payments
Write everything.. Food, rent/mortgage, car repair, loan payments, gas allowance, electric and water bills, etc. This way you will find out which is higher in value. Live the belief that there will always be enough of everything. Subconscious makes big decisions. You want to start training your mind.
Create a budget. Is your income enough to cover all your expenses? If not, cut out on expenses that you can. Living within your means is the key to financial success. Create a budget that will suit your income. Don't forget to include savings in your budget. It could be as little as $20 every payday. Don't make the usual mistake of other people in budgeting; what others do is like this:
Income - expenses = savings
Don't you think it would be better if you do it this way?
Income - savings = expenses
Include yourself in your budget. Once in a while you will need to relax and have some fun. Bring the whole family to a vacation or treat yourself to a home service SPA. There is nothing wrong with this as long as you stay within your budget.
Work the budget and be aware where your money goes. When people think of budget, what they see are pain and restrictions. Just like a diet. Do you realize what happens with most diet plans? They don't seem to work for a long period of time! If you implement a budget that is too restrictive on your spending, I am almost 90% certain that it will not work. However, if you need to put a restriction in some areas, it will take some time of adjustment to this.
Remember your goals so you will have the courage to stick to your budget. Think instead of the satisfaction you get when you reach those objectives. When a spur of the moment purchase attacks, get more pleasure in knowing that you are reaching your budget goals.
Money Circulates Freely. Believe that money is circulating freely in our lives if only we know how to manage it properly. What I am trying to point out here is that, do you really know what you want in your life? Are you willing to create that kind of life for you?
Gone are the days of believing that only the rich have special powers. What we must learn is what drives the rich to success. I believe that to be successful, someone has to be energetic, willing and focused. It is not about the right timing, right place, or mere plain luck. It's all about attitude and mindset that we have concerning our financial lives.
Believe that you can be financially successful. This is the most important thing. Set aside the myths and wrong beliefs that money is just made for other people to enjoy. Forget about the breakdowns of yesterday, start living TODAY. Move forward one step at a time and financial success will be yours.
The truth is; all of us possess what it takes to be financially successful. Oprah and Bill Gates are already there and yet they still don't have all the money. Both of them are very successful at being themselves. Therefore, if we are all good at being ourselves, we also have the potential to be financially stable.
Remember, you have what it takes to make things happen. Develop that relationship with money. You are the one with wisdom so it's you who will control money, never let money control you.
Go forth and be abundant!
What you can do to make and keep wealth is dependent upon your connection with money. Similar to anything else, money is a kind of energy which can be drawn to the power that's like on its own. Your relationship along with anything establishes the amount of that thing you might be bringing in or rejecting. 

Friday, January 4, 2013

10 Simple Money Management Tips

Effective planning and controlled spending enables you to manage your money easily. The most common barrier to proper money management is overspending or buying what you can't afford. Good money management tips will help you save because you will only buy what you actually need. Below are simple money management tips that will help you to manage your money wisely.
Record All Your Expenses
Keep track of everything you have bought and bills you have paid. Categorize the different items you have bought so that you will have a clear picture of how much you have paid for everything you bought. This will allow you to know how much you are spending on each category and where you can cut back.
Keep Track of Your Net-worth
Your net worth is everything you own after you have subtracted all your debts. Unknown to most people, your net worth is closely determined by your expenses. If your net worth decreases, you should watch how you spend your money. If you cut your expenses, your net worth will increase; you therefore get motivated to spend more wisely.
Start Investing Today
If you have extra cash, invest it and watch as your investments grow. In addition to that, your investments will earn interest and you will get to reap the benefits in time. The main advantage of investing is that you will have peace of mind because you know that you have invested in your future.
Save Your Money
Financial experts advise people to save at least 10 percent of their net monthly income. Saving helps you to spend your money wisely as you get to spend only what you have.
Purchase What You Need
You should adopt the habit of buying only what you need and not what you want. This will prevent you from buying what you do not require.
Avoid Using Credit Cards
Credit cards will make you spend more so you should use it when you really need to. Use a credit card that has low interest rate just in case you are unable to settle your monthly debt on time.
Check Your Bank and Credit Statements
Credit card companies and banks may make mistakes which could cost you a lot of money. If you doubt the figures in your statement, contact your bank and your credit card company and clear any doubts you might have regarding what you owe.
Diversify Your Income

Look for alternative methods of increasing your income as this will ensure that you are financially stable. Blogging is one of the easiest ways to make extra cash, furthermore, you will be blogging about what you like doing.
Buy Your Home as Opposed To Renting
Buying your own home is an investment which you will get to enjoy for years to come. Renting is more expensive in the long run and the worst part is that you will be contributing to someone else's investment.

Friday, October 19, 2012

10 Easy Ways to Get Money Fast

Everyone wants to get money fast, but there are a lot of scams out there that take advantage of that fact. Obviously, you should investigate any "get rich quick claims" about any plan. However, there are several safe ways that you can get money fast.

1. Rent out a room in your home. People are always looking for affordable accommodations, and you don't need to invest much more money than you already have in your house. This option can be especially lucrative if there is a college nearby, as students always needs housing.

2. Clean out your house. You may be able to get money fast by selling items you never use. Sell stuff on EBay or Craigslist and/or sell items for your neighbors who don't have the knowledge or time to sell online. For example, you could find a neighbor who is looking to get rid of their car and offer to list this car for sale on websites, for a fee. Many people don't know how to do this.

3. Consider taking up dog-walking and/or babysitting. These are simple services, and it's easy to find someone who needs them simply by talking to your circle of friends. A lot of people are working longer hours now and have less time to take care of their dogs or need someone to watch their kids until they get off work. If you like children or pets, this is the perfect way for you to get money fast.

4. Offer handyman help for neighbors, especially elderly ones. Many people have small fix-it jobs and would rather deal with a neighbor than go through the effort of finding a reliable contractor. Elderly neighbors often have tasks that it is hard for them to do themselves, such as mowing the lawn, or, in colder climates, shoveling the driveway.

5. Check if someone in your neighborhood has sold their house and is moving. Offer to help pack or move boxes. Ask for a moving day and be home; if they don't think they need help initially, but change their mind, they can ask you on the day.

6. To make money - save money. Start using coupons and shopping online before you go to the store. Online coupons can save you hundreds of dollars and get you free shipping on items that are cheaper online than in the store. It won't matter if you get money if you don't spend it wisely afterward.

7. Open a credit card with real cash back rewards. Some credit cards offer 5% cash back for gasoline. Don't forget to check the rewards on your current card. And, of course, be careful how you use the card.

8. Be a tutor. There are many ways to do it, including Skype. If you don't have skills in a particular subject, see if somebody wants to learn your language and needs conversation to practice. With many businesses operating internationally, it is increasingly important to know multiple languages, and there's no better way of practicing than conversation with a native speaker.

9. Check job websites for summer jobs. Many types of businesses need additional help over the summer months. There are also employment agencies that specialize in a type of arrangement where you can get paid at the end of the workday, so you can really get money fast rather than waiting weeks for a paycheck.

10. Post your profile on an online employment platform. There are platforms out there for any type of employment skills you have, and it can often be easier than submitting your portfolio to many businesses individually. If you are discerning in the platform you pick and highlight your best qualities, you often have a better chance of being hired than you would only submitting to local companies. Many jobs now can be done via telecommuting, so by using an online employment platform, you are able to apply to jobs that would be too far away to commute to.

Thursday, October 18, 2012

How to Set Up an Envelope Budget

The envelope budget, sometimes called the envelope method or system is the practice of managing household expenses through the use of cash envelopes. Dubbed "Grandma's way to handle money" by Dave Ramsey, this depression era method of budgeting is still as effective as ever.

Yes, the modern versions of the envelope budget are readily available online in programs like Mvelopes but they cost money. The focus of this post is on the traditional envelope method which is FREE!

How to set up an envelope budget

Step 1: Tally up actual spending from the previous month

Gather up all your credit card, bank statements, invoices and receipts from the previous month. If you can get two or three months worth of information that is better but one month will do for now. From your statements, invoices and receipts take note of everything you spent money on (i.e. variable expenses only) during that period then add them up into four or five broad categories.

For example, you might add up all the times you bought gas for the month and put it into a category called "Transportation". Any money spent on anything related to transportation goes into that category (this would include things like gas, motor oil, tune ups etc.) You might have another category for "Groceries", every time you spend money at the grocery store it would be added to this category and so on.

This will be the basis of your envelope budget categories.

* Do NOT include fixed payments or expenses in this calculation. Expenses like your mortgage, car payments, utility bills etc should be left out of the budget.

Step 2: Draft and finalize your list of categories

Your envelope categories can be as broad or as narrow as you want, its up to you. If you want many categories you can use the broad categories from step 1 and expand them until you're satisfied you have the right number of categories for your envelopes; on the other hand you might be happy sticking with four or five broad categories for now, you can always add more categories later if you need to. This is not an exact science, just do what feels right.

* It's better to keep it down to just a few categories, your budget will be far easier and less time consuming to manage than if you use a lot of categories (ten or more).

Step 3: Label and fund the envelopes

Now comes the fun part! Label your envelopes and fill them with the cash amounts you calculated in step 1. How often you get paid will dictate how much to put into the envelopes. For example, if you get paid bi-weekly then you will be funding your envelopes every two weeks. The cash in each envelope will have to last until your next pay period.

Step 4: work the envelope system

With your envelope budget now complete, its time for the real test - putting it into practice. You should not expect the perfect budget on the first pass or even the second try. It will take a a lot of trial and error before you finally find the right mix and develop the perfect envelope budget.

Here is one last point to remember as you work the envelope system:

Give it some time - As I mentioned previously, the envelope budgeting system is not perfect or exact but it will work if you give it a chance. It may take you several tries before you finally perfect your budget. the key is to just keep tweaking and changing it until you do get it right.

Wednesday, October 17, 2012

8 Tempty Things That Are Killing Your Budget

If you want your budget to succeed over the long term there are eight things that might have an affect on your effectiveness to hold fast your budget. Identifying and conquering these things is essential to stay on the right track and achieving your budgeting objectives.

1. Neglecting to set an objective - A budget with no a goal will quickly fizzle out. You cannot truthfully expect to stick a budget for any period of time if you have not set a goal for it. Budgets are just like weight loss programs, they are simple to get started on but tricky to follow through to the end. You have to have constant inspiration - the objective you determine for your budget is your main source of encouragement.

2. Inability to make room for stimulation - Let's be truthful, daily life on a budget is not very exciting. Take away the pleasure and you'll dislike it a whole lot more. Main point here, save room in the budget for all the things you love and sit up for. You are much more apt to stick to your budget over the long haul if you can still enjoy yourself. Though it inevitably brings about living on a budget for a longer period than you had initially planned for, leave room for all the things you love inside your budget.

3. Over budgeting - Over budgeting is where you scale back too much from your budget, more or less depriving yourself of necessities in an effort to achieve your ultimate goal faster. This results in something I call "budget burnout", when that happens the budget goes right out the window. Bottom line, it's fine to scale back some but not so much that you're literally depriving yourself of what you require.

4. Sizeable sudden expense - Of course you aren't able to foresee when emergencies or unplanned obligations will come about; what you can do however is prepare yourself in case that one actually does happen. This is why it pays to get an emergency fund in place. An emergency fund should cover the unanticipated extra expense, your budget should be untouched and also you will not have to add additional debt unnecessarily.

5. Outgrowing the budget - You have obtained your goal and have finished everything you set out to accomplish with your budget. Congratulations! Budgeting has gotten you this far, so why not carry on? It's time for you to expand your horizons, think of a bigger, broader goal for yourself.

6. Unattainable goals/expectations - It's hopeless to keep to a budget that you set unreachable objectives or expectations for. You are usually just setting yourself up for frustration. You have to make a purpose for your budget that's measurable and most of all, plausible.

7. Neglecting to keep tabs on expenditures - Not monitoring your spending is the equivalent of shooting yourself in the foot. Tracking your expenses could appear challenging but it's not really. Understanding exactly where the money is going keeps you in control and makes it far easier to continue inside the limitations of your budget.

8. Giving in to impulse - This is often sort of a hard one to get under control, you just never know when you are going to be enticed. If you sense the need to shop or expend money impulsively try to use the need vs want rule (ask yourself "do I need it or do I just want it?"). If that fails you could also use the 2 day rule in which you wait a couple of days, if you sill feel that you NEED it following two days - go on and buy it.

Monday, October 15, 2012

5 Money Saving Tips That End Up Costing You More

There are things you do that can help you to save money now but will cost you more eventually. Do you ask yourself how that is even possible? Discover more!

1. Doing your own taxes

Many people use either free or paid software to save money on an accountant. These software programs are fine and work well as long as you need a basic tax preparation only. However, if your situation is a slightly different then it is much better to hire an accountant who can find deductions and tax exemptions about which you and the software did not have an idea. It is true that some software programs may take deductions and exemptions into consideration but you need to know what you can legally deduct before entering it. Therefore software program can save you big money initially but your personal accountant can save you much more on the long run.

2. Buying the cheapest products

Cheaply made, poor quality items may save you couple of pounds in the short term, but you will have to pay more money later to replace them. For instance if you buy a cheap pair of shoes, you can be sure that you will need to replace them pretty soon. Buying a cheap pair of shoes again and again will not help you to save money. Be wise when shopping, you do not have to buy brand items, buy well-made products with good rating instead and save hundreds of pounds.

3. I will be back in a sec!

Not paying for your parking ticket because you will be back in a sec can actually cost you a lot of money. No matter how quick shopper you are or how a good runner you are. Sooner or later you will get caught if you try to avoid paying for your parking ticket. And in high probability, it will happen sooner than later.

4. Driving around to get cheaper petrol or other items

Think twice before you start driving around the city in your car just to get a couple of deals. Yes, you can save a couple of pounds on the items bought but you will also spend more on petrol. Moreover, it will cost you more free time; you will have to put more wear on your tires and use up oil life as well. So is it really worth it to save couple of pounds on your shopping when you actually spend more on your petrol and wear out your car?

5. Buying food in bulk

Buy one get one free deals are so hard to resist and can save money! But stop here for a moment. Will you manage to use all the food or will you end up throwing half of it away? Buying in bulk can be good in a number of ways but not if you buy perishables which you only throw away later.

Sunday, October 14, 2012

Wonderful Ways to Save Money While Unemployed

I'm sure you have heard the friendly advice that you should have at least three months worth of expenses saved in case you lose your job.

But what if you don't have that?

And what if you've now been off work for more than three months?

Ways on saving money is a popular Google search - so here is the version for the unemployed. I'm going to start with tips to save money, then where you should spend money, then finally a quick tip to help you stay afloat.

    Watch your social budget.
Being unemployed is not only boring, it can be lonely. And even though your friends may have the best of intentions by inviting you out for lunch since you are home all day, this type of expenditure can add up quickly.

Your full-time job right now is finding a job. Politely decline. You'll have opportunities to go out and celebrate once you begin earning a pay check again.

    Cut down on your telecommunication expenses.

One bigger monthly expense in many households is the telecommunications bill - the phone, internet, and especially cable. While you are looking for work, it might be a good idea to reduce your package. You really do not need a high bandwidth internet connection to browse blogs and job sites, nor do you need high definition television with hundreds of channels. If anything, those two things will serve as distractions.

    Reduce driving.

In many instances, you may need to drive. But if possible, try to stay within striking distance of your own home. Gas is expensive. Additionally, now is the not the time you want to run into an automotive repair or an accident.

If you live in a dual vehicle household, consider reducing your insurance on one of the vehicles to a storage only option. If you are diligent, you can make this work, even if it means getting up early to take your spouse to work each day and keeping the car.

    Do the "quick fix."

Did you get a flat tire? Patch it for now. Did your fence blow over? Prop it back up. Did the dog chew your favorite running shoes? Wear a different pair or give up jogging for now.

Any expenses that can be put off, do so.

    Buy the generic brands.

You are of course going to continue eating and purchasing personal hygiene products. But perhaps you should consider feeding the family Hamburger Helper tonight instead of strip loin steaks. Additionally, most products you buy at the supermarket have an equivalent generic brand. It is not a permanent solution, but you could save a bunch of cash each week by purchasing the less expensive alternatives.

Having said that, I would now like to share with you three areas in which I advise you not to go cheap:

    A professional resume and cover letter.
    Job search tools, materials, career fairs, and other networking events.
    A mobile phone plan including adequate minutes and voicemail.

As I have said many times in the past, you cannot cut corners with these items. You need a professional resume and I strongly encourage you to pay to have one created for you. You need to be open to purchasing items to assist you in looking for work, including training courses, books and other materials. And you must have voicemail set up on any phone line you are sharing with potential employers.

And finally, here is a quick tip if you want to make some extra cash while you search for your next job. Get a part-time job, even if it is substantially below your qualification level.

Bear in mind that if you are applying for something part-time and entry-level in the first place, this point may not be applicable. But someone who has spent a decade in supply chain management or a registered nurse with a seasoned career may feel he or she is above taking entry-level work. But he or she is not. It is a temporary means to an end.

Your best strategy here is to attempt to find a job that will give you hours in the evenings and on weekends when you are less likely to be connecting and interviewing with potential employers.

Save money.

Spend wisely.

Earn a little extra.

The formula is really that simple. Hang in there. As they say, the night is always darkest just before the dawn.

5 Unusual Ways to Save Money

I asked my readers to share their zaniest ways to save money, and they sent me in these UNUSUAL tips.

Today, almost everyone is on a tight budget, and as a result of this, people these days do not mind using even some of the most bizarre, frugal and unusual money-saving ideas. If you feel that you are failing to save money just because you have tried everything, then you should consider the following 5 unusual, out-of-the-box ideas that will help you keep more money in your pocket. The following ideas might sound unusually crazy, but they are easy and will actually help you save money.

1. Going to the bathroom before leaving any public place or work

Why it seems unusual: You might think that this a bit too far.
Why it actually works: A significant amount of water used by every flush, and at times you also use toilet paper. If you go to the bathroom before leaving a public place or work, you won't have to go for quite some time once you are home, which will help you save more water and money that you could imagine.

2. Staying married

Why it seems unusual: Staying married, when a marriage becomes abusive or during extreme circumstances, might seem insane.

Why it actually works: No doubt, at times it becomes necessary to end a marriage but divorce can be considerably expensive. In fact, a divorce can have a drastic impact not only upon your life but upon your finances and the finances of your spouse as well. This is why you are advised to reconsider and avoid stay married.

3. Hiding Your Credit Cards

Why it seems unusual: You might think that hiding your credit cards is the same as getting them canceled.

Why it actually works: Hiding your credit cards is much easier and simpler than cancelling them. They will just be out of reach, but you will still have them if you ever need to use them during an emergency. If you have stashed your cards away, it will help you refrain from using them.

4. Turning your car off at stoplights

Why it seems unusual: You might think how you could possibly save money by turning your car off merely for a couple of seconds.

Why it actually works: You can save quite a lot of gas and money if you turn off your car whenever you have to wait at a stoplight for more than 30 seconds. This is one of the easiest sensible driving measures that you can take, which will add up to your money-saving endeavors.

5. Using a piggy bank

Why it seems unusual: You might think that using a piggy bank is for kids, and you would not really save anything.

Why it actually works: You do not have to use a piggy bank exactly; you can start saving pennies, dimes or even a few dollars in envelopes, sock drawers, under the mattress or in a savings account. Regardless of how or where you stash your savings, just make sure you continue saving a certain amount, and you will be surprised at how much you save by the end of the year.

These money-saving ideas might sound unusual, but they are also easy and simple at the same time. So it is worth giving them a try, and you will be surprised when you begin saving money with these frugal, unusual ideas.

Wednesday, October 3, 2012

I am now hiring affiliates for my company!

Would you like to work for me as your own boss? If you would like to become an affiliate of my Company and all of its associated brands, e-mail your resume to my senior assistant, Jonathon Yoss, at

Yerockingly Yours,


Friday, September 7, 2012

#corelife entry 3- Start a side businessw

Instead of burning a few hours in front of the telly each evening, how about investing at least part of that time into starting a side business? You can try starting a blog with a few ads on it, or maybe you're good with woodworking and can make deck furniture. Maybe you're good at baking bread and can take loaves to the farmer's market, or maybe you deeply enjoy gardening and can sell vegetables. There are lots of possibilities out there for starting a business that will supplement your current income and perhaps eventually grow into your main income.

Wednesday, September 5, 2012

#corelife entry 1.- The most important thing about personal finance

 1. In the end, this is a fundamental rule of personal finance: Spend less than you earn. It's the one point that comes up time and time again in almost every personal finance book you read or presentation that you hear. Why? Because it's true.
There are two avenues to achieving this goal: spending less and earning more. By working on either (or both) of these areas, you can increase the gap between these two numbers- and that gap is your ticket to freedom. The harder you work on either spending less or earning more, the bigger the gap will become and the quicker that train to your dreams will arrive at the station.

Tuesday, February 7, 2012

Tax Deduction vs. Tax Credit

Different countries have different tax laws and have different rate of ‘tax deduction' and different rules for ‘tax credit' that reduces total annual tax payable, by the amount of ‘tax credit' a person is eligible for. Tax deduction in effect reduces your total income whereas tax credit reduces your total tax burden. So we can differentiate between the two in many ways some of which are described below.

1. Tax deduction is done in a number of ways like tax deduction at source by way of deducting tax, prior to payment of salary, payment of winnings from lottery, gambling payment or payment to a contractor for his services etc. So the tax is essentially deducted by payment authority, which is paying you. A case in example is your employer. Tax credit is allowed only by the state through its income tax department as per income tax law of the concerned country.

2. Tax deducted from your income automatically turns into a part of overall tax credit at your hands, which you are eligible to adjust as deduction from the total amount of tax payable in a particular financial year while submitting annual returns.

3. Taxes are deducted at various rates depending on income slabs, payment amount etc whereas tax credits are fixed amounts.

4. All the taxes deducted become tax credit at your hands while all the tax credits are not income deductible. For example if you donate a sizable amount to charity organizations which do not have profit motive, then a percentage of such donation may be claimed as tax credit in tax returns. So is the case with home loan interest, educational loans or expenditures etc.

5. Tax credit received as a consequence of lowering your annual gross total income for donations made, certain interests paid and even certain expenditures made, in effect increases your income by refunding you the amount of tax credit you get from such lowering of gross total income. This is a sort of state benefit you get back through the tax refund system of the state.

6. In most countries self employed professionals, businessmen have to pay advance taxes depending on their projected annual income. Once such advance tax is deposited with the treasury, the amount automatically becomes a tax credit at the hands of the individual making such payment.

7. Whereas tax deduction is not refundable, tax credit may become refundable. For example a bank deducts tax on interest payment made to an individual on his deposits and hands him over the tax credit certificate. If the individual does not have taxable income or his total tax payable is less than the tax credit, then he gets full or a part of the tax credit as refund, in effect increasing his total income.

How much income tax you have to pay is determined by your income. To pay the least amount of taxes, you want to take applicable tax deductions to reduce your taxable income and tax credits to reduce your tax bill.

Tax Credits

Tax credits are typically given for educational purposes, low income or having dependents. The amount of the credit is deducted from your tax liability and produces a significantly higher bottom-line reduction than a deduction.

Tax Deductions

Tax deductions reduce your taxable income, which is the amount the government uses to determine how much tax you should pay. Some deductions can be taken only if you itemize.

Qualifying for tax credits and deductions

It is important to note that not everyone qualifies for certain tax deductions and credits. If you make more than a certain amount of money, some credits and deductions, such as for savings accounts, Earned Income Credit and other tax lowering credits and deductions, are not available to you. There are worksheets available to help you determine whether or not you can take a certain tax credit or tax deduction.

Refundable VS Non-refundable Credits

Refundable credits are credits that can be taken in full, even if they exceed the amount that you owe the government. The Earned Income Credit is one example. Non-refundable credits are credits that cannot reduce your tax liability beyond zero. If a non-refundable credit is more than what you owe in taxes, you can only take up to the amount owed.

Common Deductions

Some common deductions that you can take without having to itemize are deductions for retirement contributions, student loan interest, capitol losses and business expenses.

Common Tax Credits

The Child Tax Credit, Adoption Credit, Child and Dependent Care Credit, First-Time Homebuyer Credit and The Hope or Lifetime Learning credit are common tax credits, foreign income credit etc.


1) Tax deduction is that part of taxes which are already paid as tax deducted at source or deposited as advance tax. Tax credit is the tax already deposited with the state treasury plus state benefit to its citizen paid back through its tax assessment system.

2) Tax deduction lowers the income; the tax credit lowers the tax burden

3) Taxes are deducted at various rates depending on income slabs, payment amount etc whereas tax credits are fixed amounts.

Saturday, February 4, 2012

Rewards Credit Cards- Are they really worth it?

Credit card companies lure the customers with their attractive offers and rewards which sound pleasing to the customer than the card plan itself. Customers tend to fall for these things and the companies know it very well. As some of these offers suit certain people well, it is not for everyone and they should know that rewards are not what you must base your decision on while choosing your credit card.

There is a general misconception that only people with a very high pay grade will be issued credit cards. The company is ready to give credit cards to anyone with a steady salary and an ability to pay back regularly. Nowadays, a person with a minimum salary can avail credit cards and enjoy its benefits. But the credit limit will vary significantly among the users.

You cannot expect someone who earns 10,000 per month to have the same credit limit as someone who earns 50,000 per month. The credit card companies need to ensure whether the customer has the ability to pay the money back before they can issue him the card. However if someone is regular in paying back the dues, then the company attains confidence on him and they can even increase his credit limit. These cards are really useful to someone who is regular in paying back his debts.

Rewards credit card offers

The companies always want more customers on their side and they adapt many strategies to increase the number of people opting for their company. One of these is the concept of credit card offers. These offers act as incentives to the customer who is using the company’s card for a long time. He is offered a reward of some kind in return to his loyalty to the company.

These rewards include discounts in tickets, gift certificates and coupons to restaurants in the localities. This is the most successful strategy in attracting customers as they tend to go for the company which gives them the best credit card offers. The company does not lose much by offering them these rewards but stands to gain a lot of profit by the increasing number of customers.

However, one must not base their decision of credit cards on the rewards offered by them. For example, some company may offer great rewards on airline tickets but imposes a huge rate of interest. This may be a good option for someone who is always on the move but it is not for everyone. While choosing your card, you must look at the card plan and base your decisions on that instead of the rewards offered by the company.

Wednesday, January 18, 2012

20 Power Marketing Tips

20 Power Marketing Tips

1. Create and grant an annual award.

2. Send hand written congratulations and thank you notes.

3. Send greeting cards for some occasion other than Christmas.

4.Send postcards when you travel and even when you are at home.

5.Give a good book to special clients. Always sign it with a positive message.

6.Build relationships with the media before you need them.

7. Associate with winners - attend awards functions.

8. Build and maintain a database of clients, prospects, and key influencers.

9. Earn certifications and win awards from your associations - and tell everyone.

10. Ask happy customers to write testimonial letters for you.

11. Recruit your suppliers as marketing agents. They work for free.
12. Join and be active in your chamber of commerce.

13. Write tips sheets for your customers.

14. Write and send articles to magazines and newspapers.

15. Send a news release to the media every three months.

16. Do something crazy and newsworthy at least once a year.

17.Send photocopies of your news coverage to your clients.

18. Build and maintain an informative and interesting web site.

19. Sponsor a cause, event, charity or community group.

20. Volunteer for your association, charity or community group.

Sunday, January 15, 2012

The Top Five Money Saving Myths

Here are the top five money saving myths that we fall for:

1. Savings accounts save us money

Having money in a savings account for emergencies is a good idea. It's easy to get to, but not too easy. But if you are looking to save money or make your money work for you, an old-fashioned savings account isn't necessarily the best way to go. First, you have to look at what you are paying out in interest rates. For example, if you have a student loan with a 5% interest rate and a savings account making 3% interest rate, your savings are costing you approximately 2%. You would be better off paying off that student loan with your savings account.

It goes the other way around too. If your debt has less of an interest rate than your savings, your money is working better in the savings. But with today's interest rates being so low, your debt is probably higher than the amount of interest you are earning on your savings account. That means you are actually losing money.

2. Sales shopping saves money

I used to be a shopaholic, and sales were my drug of choice. Let me tell you that you aren't always saving money. Yes, if you really needed the item, then you are saving money. But sales often lead to the purchase of items that normally wouldn't be purchased. And you usually buy twice as much because it's on sale. So you haven't saved any money.

Then if you never use the item, you've actually wasted money. This can also apply to bargain shopping and shopping in bulk. It doesn't matter if you bought your daughter 35 pairs of shoes at garage sales for $1 each. If she only wore two pairs of them, you just wasted $33.

3. Refinancing your home pays off

When you refinance your home, you aren't necessarily saving that much money in the long run. Yes, your monthly payments are smaller, but you have refinanced for another 30-year term. This means that if you have already paid 10 years of mortgage, then refinance for another 30, you have basically extended your loan to a 40-year mortgage. Sit and do the math and you'll see if you are really saving anything.
If you really want to save money, refinance for a lower rate and a shorter term. Your monthly payment may not go down, but your overall repayment may.

4. Zero percent interest saves money

When you take out a card with a zero percent repayment term, you aren't saving money. You are just delaying paying for items. You don't save and you don't spend more. But if you don't pay the money back within the zero percent period, you'll be paying interest on those items. That costs you money.

5. Savings is dependent on income

No matter how much you make, you can save money. You simply have to spend less than you make. If you make more money and spend more money, you aren't saving anything. In fact, you could even be spending more. Don't wait until you have more money to start saving. You have to start now.

Saturday, January 14, 2012

81 Ways to Save Money

I challenged my readers to pick their top way to save money. I have compiled them into an explosive list for you! Enjoy.

Debt Solutions Tip 1. Slow Down Your Internet Service. Move to the slower internet service option with your cable company. You may never see a difference in speed.

Debt Solutions Tip 2. Combine your cable, internet and telephone service. Companies now offer combined services that not only cost less, but offer the convenience of a single bill.

Debt Solutions Tip 3. Brown bag it to work. Be sure to include snack foods like muffins, fruit and cookies for morning and afternoon breaks as well as a lunch. If you also drink the office brew or bring a thermos of coffee, you can save $5 a day. If there's no lunchroom at work, eat and read the paper at your desk or take your lunch to the park. You'll be healthier as well as richer.

Debt Solutions Tip 4. Take public transit or car pool instead of driving to work. Depending on where you live and how far you commute, you'll save money on gas, parking, insurance and wear-and-tear on your car. And cutting out the daily drive to work and back will cause less stress on the environment – and you.

Debt Solutions Tip 5. Go out for dinner just once a month and eliminate take-out foods from your menu. Cook roasts, casseroles and stews that will last a couple of evenings, and keep some frozen dinners, canned soups and pasta sauce on hand for evenings when you are tired and short of time. Cutting back on eating out and ordering in can save you as much as $200 per month. Try BBQ's they are fun and in-expensive.

Debt Solutions Tip 6. Get rid of your cell phone or your home phone. Switch to a pay-as-you-go plan and use the phone only when absolutely necessary. By eliminating or severely restricting your use of your cell phone, you can save about $35 a month, depending on your current plan and use patterns. (Or get rid of your home phone)

Debt Solutions Tip 7. Cancel subscriptions to magazines you don't read and cable or satellite TV services you don't watch regularly. Cutting back to the magazines and channels that are essential to you can save you $100 or more per year. You can save even more by cutting your newspaper subscription back to weekends only and getting your news at work, on TV or online during the week.

Debt Solutions Tip 8. Convert to a gas water heater. They are more efficient and will save you money in the long run.

Debt Solutions Tip 9. Send away for and follow up on rebates. After you buy a product with a rebate, send in the form that day. Then mark your calendar to remind yourself to follow up with the rebate company if the check hasn't show up.

Debt Solutions Tip 10. Request a reduction in the interest rate for your home equity line of credit.

Debt Solutions Tip 11. Request a reduction in the interest rate on your credit cards. As with home equity loans, credit card companies sometimes are willing to reduce the interest rate. It can't hurt to ask.

Debt Solutions Tip 12. Get rid of Private Mortgage Insurance. If your down payment was less than 20%, you are probably paying PMI. Once you have a 20% cushion through reducing your debt and home appreciation (yes, prices do go up from time to time), contact your mortgage company to start the process of removing the PMI.

Debt Solutions Tip 13. Get your books from the library. I love books and read every day. While I buy some of the books I read, most come from the library. Simply put, it's hard to beat free.

Debt Solutions Tip 14. Get DVDs from the library. Many libraries now have movies on DVD that can be checked out. If your library offers this service, it sure beats paying Blockbuster or Netflix.

Debt Solutions Tip 15. Get DVDs from Red Box. If your library doesn't offer DVDs, get your moves from Red Box. It costs just one dollar per night.

Debt Solutions Tip 16. Read magazines at the library or online. Too many magazines can cost a fortune. And how many times have you bought a magazine based on the cover and been disappointed by the lack of substance. At the library you can read magazines for free. And many magazines now offer their content for free online.

Debt Solutions Tip 17. Subscribe only to magazines you just can not live without. If you must have a certain magazine each month, subscribe. Subscriptions offer substantial savings over the cost at the newsstand.

Debt Solutions Tip 18. Request a discount on trash service. For some reason this is a highly competitive business. If you get a better offer in the mail for trash service, call your current trash company and ask them to beat the offer. My trash service has reduced its rates twice in six months to match competing offers.

Debt Solutions Tip 19. Never pay checking account fees. I hate bank fees. With so many free checking account plans available, there's no reason to pay a fee. And if the bank happens to charge you one, ask them to reverse the fee or take your business to another bank.

Debt Solutions Tip 20. Get a rewards card. There are many reward cards that pay our in cash or points that can be redeemed for travel or products. Many of these cards don't have an annual fee. I recently traveled to my college reunion for free using points earned from a credit card. Some favorite reward cards are Best Buy and American Express Gold Card.

Debt Solutions Tip 21. Don't pay interest on credit cards. This is obvious, but I soon as you fail to pay off the credit card in full, the high interest payments start to eat away at your monthly budget. If the temptation to spend more than you can pay on a credit card is to great, get rid of the credit card (and ignore the previous tip!).

Debt Solutions Tip 22. Take advantage of 0% credit card offers. Again, as long as the cards won't cause you to spend more, they can offer substantial savings. Make sure, however, that you keep an eye on the balance transfer fee, which can wipe out your savings. Remember bank fees are deductible interest is not.

Debt Solutions Tip 23. Replace incandescent bulbs with compact fluorescent light (CFLs) bulbs. These bulbs use 75% less energy and last 10 times longer. They do take some getting used to, and they won't work in every light fixture. But use them where it makes sense and save energy and money.

Debt Solutions Tip 24. Drive your car longer. The buy new versus used debate often overlooks the most important factor–how long you own your car. Drive it as long as you safely can for substantial savings. Buy a new or used car when your old car begins costing to much in repairs.

Debt Solutions Tip 25. Pay your life insurance annually. Insurance companies charge you more if you pay monthly, quarterly or semi-annually. Pay once a year and you'll pay less.

Debt Solutions Tip 26. Pay car insurance semi-annually. At least with my car insurance, they offer quarterly and semi-annual payment options. It costs more to pay quarterly, and twice a year is more convenient anyway.

Debt Solutions Tip 27. Increase insurance deductibles. Most of us don't need to be insured for all losses over $100 on our car, for example. Although we wouldn't want to pay a $250 or even $500 deductible, we could. If that's you, find out how much you'd save from raising your deductible. I've raised my deductibles on my auto insurance and home owner's insurance and saved a considerable amount. Shop, shop, shop for the best price.

Debt Solutions Tip 28. Think before submitting an insurance claim. My rule of thumb is that I won't submit a claim on a loss that is less than twice my deductible. So for a $250 deductible on an auto loss, I'll pay out of pocket any loss up to $500. Why? The $250 I'd receive from my insurance company is not worth the increased premiums I'm likely to pay. You may want to call your insurance agent to find out how a claim will impact your premiums before filing the claim.

Debt Solutions Tip 29. Shut vents in unused rooms. This isn't advisable if you have forced air heating, but shutting vents in unused rooms can save on your heating and cooling bill.

Debt Solutions Tip 30. Check the insulation in your home. Extra insulation can easily pay for itself in one or two years, and it helps save the environment, too. Take a smoke pencil and place it next to your cooling and/or heating systems and vents to detect leaks. Seal leaks immediately.

Debt Solutions Tip 31. Buy Energy Efficient Appliances. Look for the Energy Star on appliances and consider the annual energy cost before buying. More efficient appliances cost more, but you make up the extra cost and then some over the life of the product.

Debt Solutions Tip 32. Agree to limit gift giving. At Christmas our extended family and we go overboard when it comes to gift giving. Agree in advance to limit the gifts and save everybody some money.

Debt Solutions Tip 33. Cancel the health club membership. Less expensive options may include a gym at your work or a gym at your local parks and recreation center. Some offer pay as you go options rather than monthly fees, which can be great for those of us who aren't as consistent in our routines as we'd like to be.

Debt Solutions Tip 34. Do not purchase extended warranties unless the item is over $500 Even then you may want to pass on this option.

Debt Solutions Tip 35. Take advantage of employer 401(k) matches. If your employer matches 401(k) contributions, do everything you can to take full advantage of that match.

Debt Solutions Tip 36. Use flexible spending accounts. FSAs allow you to pay certain medical, dental and child care expenses using pre-tax dollars. If your not taking advantage of these accounts, you're wasting money. Enrollment at many companies is occurring now, so check with your HR department if you have any questions about FSAs.

Debt Solutions Tip 37. Get tires from Costco or other wholesale clubs. Simply put, they cost a lot less than buying them at the dealer or even a chain tire store.

Debt Solutions Tip 38. Keep tires properly inflated. It keeps you safe and costs less on gas.

Debt Solutions Tip 39. Stop smoking. Bad for your health. Bad for your wallet.

Debt Solutions Tip 40. Drink less alcohol. It costs money, adds calories and causes acid reflux.

Debt Solutions Tip 41. Buy term life insurance. Any other life insurance product is just not worth the extra cost.

Debt Solutions Tip 42. Buy generic over-the-counter medicines. They are similar as their branded counterparts and cost less. Be aware that some generic fillers can make you feel sick.

Debt Solutions Tip 43. Get organized and avoid missed payments. I've missed a payment or two because the bill got buried beneath a stack of papers. Get organized and avoid those late payment penalties. If you do miss a payment, call your creditor and ask to have the penalty removed. They'll usually accommodate the request, at least the first time.

Debt Solutions Tip 44. Buy online when it saves you money. I've used Amazon to buy many items. Plus in most cases there is no tax.

Debt Solutions Tip 45. Use Open Source software when possible. Use GIMP instead of Photoshop. GIMP is free; Photoshop is not free.

Debt Solutions Tip 46. Stay married. I know that some marriages end because of abuse and other extreme circumstances. If you are in a fairly healthy relationship work on staying together. Divorce can wreck yours and your spouse's finances.

Debt Solutions Tip 47. Buy In Bulk The cost of food has risen considerably in the past few years and buying in bulk can see you reduce your food bills dramatically. Although these warehouses were generally developed to serve business, families can take advantage of their lower prices as well. An ideal solution to maximizing the benefit of buying in bulk is to join a local buying group. That way not only do you save by buying large quantities but the cost is split according to your share of the bulk purchases.

Debt Solutions Tip 48. Farmers Markets Buying direct from the provider can prove to be less expensive than from a supermarket as you are cutting out the middle man. Many stall holders will even be prepared to negotiate discounts with you, especially if you buy large quantities. Best of all you are guaranteed fresh produce and you are supporting your local community.

Debt Solutions Tip 49. Wise Supermarket Shopping Even if you prefer the convenience of doing your weekly shopping at the local supermarket, there are still ways to save money. Swapping your favorite brand for the supermarket's own brand can save you valuable pounds and often the quality is just as good. Look out for special deals and use the promotional coupons often found in magazines. The best way to avoid spending money unnecessarily is to make a shopping list before you go to the shops, and then stick to it.

Debt Solutions Tip 50. Avoid Main Street Prices Instead of shopping on the main street, try factory outlets which offer the same types of clothes but at far better prices. Better still; try shopping at a charity shop. It may conjure up images of old, poor quality second hand clothes but generally the quality is very good and you can find some really unique items in these shops.

Debt Solutions Tip 51. Dining Out Cheaply You can still entertain business colleagues or treat your loved one to a nice dinner out even if you are watching the pennies. Most restaurants run promotions to entice diners to their establishments, keep a look out for advertisements in newspapers promoting restaurant deals. There are also several websites which offer special deals at popular restaurants. Just make sure you read the fine print on the voucher as some of these deals are only available on certain days, or between certain hours.

Debt Solutions Tip 52. Saving Money On Gas A good way to save money is to ensure that you fill up at the cheapest gas stations. Also you can purchase the Vehicle Fuel Efficiency Booster. This little device can add 20% to your gas mileage. If you drive a lot this is a must have. get it at

Debt Solutions Tip 53. Drive smoothly. Accelerate smoothly and at a reasonable rate, try to coast to a stop as often as possible. Also use cruise control on the highway.

Debt Solutions Tip 54. Ink Print Cartridges Instead of buying new try using refill cartridges or generic replacement cartridges. Companies in particular will benefit from buying in bulk as the more you buy, the less it costs per cartridge.

Debt Solutions Tip 55. Switch Utility Companies Residents in the UK and US enjoy a free market in gas and electricity suppliers, it is highly competitive and deals are constantly being offered to the public. Shop around for the best deals and switch. Some may even offer you a cash-back deal which means you could end up with money in your pocket just by changing providers.

Debt Solutions Tip 56. Replace Your Light Bulbs Replacing your old light bulbs with energy saving light bulbs can save you money on long term replacement and helps to lower your energy bills. These light bulbs can last up to ten times longer than regular light bulbs and as they are energy-efficient, they also help you reduce your carbon footprint while decreasing your energy consumption. Install CFLs to save energy. Compact fluorescent lights use about a quarter of the electricity of normal incandescent bulbs. They also need replaced much less often.

Debt Solutions Tip 57. Transfer Credit card Balances If you have a credit card with a relatively large balance, it may be a good idea to transfer the balance to a new provider and save on interest repayments. Many credit card companies offer an interest free period if you bring transfer your debt from your current provider to them. This will give you a chance to pay off the balance, however check to see if there are any fees to pay for the initial transfer before signing any agreements. Try not to use more than 50% of your available credit per account.

Debt Solutions Tip 58. Pay Bills By Direct Debits Or Online If you are still paying your bills by checks or bank transfers, consider switching to direct debits. Most companies actually prefer you to pay by direct debit and offer discounts as an incentive to change your payment method. Not only this but you will also save by avoiding late payment penalty fees and you may even find yourself eligible for additional early payment discounts. Online payments insure that payments are made on time.

Debt Solutions Tip 59. Use a programmable thermostat. Programmable thermostats save you an estimated 10-20% on your heating and cooling bills. When we aren't home, or we are sleeping, our house is quite a bit warmer or cooler, depending on the season. Save a substantial amount on your utilities.

Debt Solutions Tip 60. Use NEW ceiling fans, floor fans, and space heaters. Old appliances suck energy. Try to put your TV, VCR ect on energy strips that can be turned off when the device is not in use.

Debt Solutions Tip 61. Plan and research major purchases. A little planning can save you thousands of dollars.

Debt Solutions Tip 62. Buy Quality Products. Quality items may cost more up front, but they last longer and generally provide better results than cheaper, inferior products.

Debt Solutions Tip 63. Use Coupons And Rebates. We use coupons for oil changes, groceries, books, on-line purchases, and just about anything else we can find. A great on-line resource is, which is an on-line rebate company. Ebates is free to join, and you can get great savings on on-line purchases.

Debt Solutions Tip 64. Use store rewards cards. Many stores will send you cash certificates to use

Debt Solutions Tip 65. Eat Leftovers. You can save a minimum of $20 a week by eating leftovers.

Debt Solutions Tip 66. Take Care Of Things. I treat things I own with respect and take good care of them. This includes doing things such as cleaning our house, washing our cars, ect, ect. Things last much longer when you take good care of them.

Debt Solutions Tip 67. Avoid credit card debt. If you do not have the money to pay for what you are buying, DON"T buy it.

Debt Solutions Tip 68. Fill Your Fridge. Lower your electricity bills by stocking your fridge. The less empty space you have in your fridge, the less cold air will escape whenever you open it.

Debt Solutions Tip 69. Cover windows in the winter. Have 1/4″ sheets of Plexiglas cut to the size of your windows; during the winter install on the inside of your windows with an air gap (created by using foam insulation strips) in between. Use wood strips to hold in place. It minimizes loss of heat and it is a great sound barrier!

Debt Solutions Tip 70. Wait before purchasing. Wait at least 30 days before making major purchasing decisions. It will help you truly think about if you need it or should buy something.

Debt Solutions Tip 71. Install an energy system. Install a Climate Energy free watt System installed. It's a combined heat and power system for the home and it saves a bundle on electricity.

Debt Solutions Tip 72. Save your coins. We empty our pockets every day and put any and all change in a jar. Have a "spend no coins" rule in your household. Roll your own coins at the end of 6 months and buy yourself a present :)

Debt Solutions Tip 73. Hang Clothes Out To Dry. You can totally offset your electric bill by choosing not to use your dryer. Not only will it save you money, but you can enjoy being out in the fresh air! Also doing your laundry at night can save money on your air conditioning bill.

Debt Solutions Tip 74. Have garage sales or use Craigslist to sell things

Debt Solutions Tip 75. Buy Groceries On Sale And Stockpile Them Doing this one simple thing can save you hundreds throughout the year.

Debt Solutions Tip 76. Use 1/2 Detergent Use less detergent. You can often use half the amount of detergent that's "recommended" and still get your clothes clean.

Debt Solutions Tip 77. Make Your Own Foam Soap Use 1/4 regular liquid soap to 3/4 water. Use foam pump.

Debt Solutions Tip 78. Skip The Theater Instead get a movie at redbox.

Debt Solutions Tip 79. Water down juices. When you open a new apple juice for your kids pour up half in the glass and add about 1/4 – 1/2 container of water. This makes each new bottle last twice as longer, and dilutes the grams of sugar your kids are drinking. Maximum sugar intake per day is 50 grams.

Debt Solutions Tip 80. Don't run water when shaving or brushing teeth. This practice can save up to 5 gallons per visit to the sink.

Debt Solutions Tip 81. Sign up for budget billing with utility company. This won't necessarily save you money, but it certainly helps the budgeting process by smoothing out highs and lows in your utility bills. Most companies offer this "level billing" service after you have 12 months of history to compute an average.

Friday, January 13, 2012

14 Tips To Get More Views On Youtube

Here is a list of tips and tricks you can use to drive more traffic to your videos and increase the views on YouTube. The next time that you upload a video make sure you tick off all these great advices and you'll see results in no time.

Here we go...

1- Add rich metadata related to your video (tags, description, titles,etc). Don't use random popular tags, youtube is not stupid.

2- Update your channel as frequently as possible. The more you upload, the more chances people will end up in one of your videos, and eventually people will subscribe to your channel.

3- Plan your stuff and do some research on your related videos, sort them by views, study them and come up with better ideas by modeling what successful people are doing.

4- Always watermark your videos with your logo or website's URL, you can do this with any video editing software.

5- Add the URL of your blog or website in the description areas of your videos and include a call to action such as "subscribe!" or "visit for more awesome videos".

6- Don't do sub4sub. It doesn't drive any traffic to your videos and you will look "cheap"

7- Try to become a youtube partner. If you own the content of your videos (you also need to own the music), you can share revenue with Youtube but most importantly, you'll be able to customize your youtube channel with your own header and cool graphics and people love that.

8- Create compelling and controversial content. If the content is not compelling, your video will not become to go viral.

9- Include the keyword "video" in your title and tags as many viewers' searches will likely include it, even if they search on google. If your video is a tutorial, add "how to", "guide" and "tutorial", if it is a review then
add "review", "compared" and "vs".

10- Keep your videos short. If your videos are too long, they may become boring after 5 minutes. If you make them very short, like 5 seconds and they are really good people will watch them at least one or two times more to check if they missed something.

11- Use Interesting and compelling thumbnails, more than 70% of views come from related videos so you want to make sure your thumbnails call viewers attention.

12- Allow people to rate, comment and embed your videos on their sites and blogs. (allowed by default)

13- Use annotations to display a call to action message like "subscribe to my videos" or to redirect your viewers to another video.

14- Only upload worth-watching videos.