Tips for Keeping Your Money Safe While Traveling

There’s always an increased risk of personal and financial safety whenever you travel. Risks increase when you’re going to places you’ve never been to. When you’re in a foreign place and you hardly know the language or how to get around, things can get pretty bad if you’re unprepared. Here are some tips to keep your money safe while traveling.

Limit cash on hand

It’s a given. You’ll need to have some US Dollars or local currency with you. But, avoid carrying your whole allowance with you. About $200 is a good figure. Distribute them among your pockets and bags. Some slip bills into their shoes. If you have a companion, share the amount between yourselves. Whatever happens, you’re guaranteed to have some cash remaining if things turn bad.

Go for travel-friendly clothes

Travel friendly clothes are not just cool and comfortable. They have multiple pockets and concealed pockets where you can store cash. You can even get creative and sew in a secure pocket onto your clothing.

Have two wallets

Ready a spare wallet you can give up when somebody tries to rob you at gunpoint. Make it believable by putting in a minimal amount. Add in some small funded or used gift cards.  You can also use it as your go-to wallet which you can take out to buy drinks or small items. Keep larger amounts in a concealed, unnoticeable wallet.

Use a money belt

Money belts are basic travel accessories. And thieves know all about them. Still, they provided added safety for your cash. Choose money belts that are slim and small. Buy those that attach securely. Choose models that hide well underneath your clothing. Keep it thin. Don’t overload it with cash — click here for even more tips.

Prepare your amounts before going out

It’s always better to plan your purchases ahead of time. If you know what you’re out to get and the price, then ready it in your pocket before you head out. It’s not good to take out your money and count them in public. That’s a dangerous invitation for getting robbed.

Record all your account details

No one is every prepared for robbery. It still happens. People are caught by surprise and they don’t know their card details. By the time they complete making a report to the police and banks, the thieves have already taken a good amount out of their bank accounts and credit cards. Worse, they don’t have any way to pay for their immediate needs. So snap photos of your cards. List them down for easy access.

Withdraw cash in safe places

When you’re traveling, spending money can be very spontaneous, unplanned, and impulsive. Sometimes, you run out of cash and you must make a withdrawal. Some people just go to the nearest ATM and without thought, withdraw money. Avoid doing that. Always choose the safe route. Go inside banks. Go inside shopping malls and business establishments. Doing this gives more security to you So don’t be content with choosing the street corner ATM.

Make efforts to secure your cash when you travel. Follow these tips for a safer and more enjoyable trip.

What Are the Advantages of Title Loans?

Getting any sort of loan can be difficult for some people due to their circumstances. People who have a good income and decent credit score generally have plenty of options available when it comes to financial solutions. However, for those who have limited income or a bad credit score, getting a loan from a mainstream lender can be difficult to impossible. This is not helpful if you are in need of a financial lifeline.

The good news is that there are other options you can consider if you need a loan, but you are struggling to get one from a mainstream lender. One option is a title loan, and these are ideal for people who own their own car, need access to money quickly, and have bad credit and very few options when it comes to borrowing. Title loans have become increasingly popular and you can apply today for your online title loan, which makes it a quick and convenient solution. In this article, we will look at some of the advantages of using a title loan.

Some Key Benefits

There are lots of advantages you can look forward to when you choose a title loan to raise the money you need. Of course, you need a vehicle and it must be registered to you. In addition, you should remember that the amount you can borrow depends on the value of your car and the borrowing percentages offered by lenders.

Some of the key benefits to look forward to are:

Simple Application Process

The application process for a title loan is very simple and straightforward with the right lender, and you can do everything with speed and ease online. This means you can complete the whole process from the comfort of your own home, making it far less stressful and far more convenient. There is no waiting around either, as all you have to do is complete the short and simple application.

Speedy Access to Cash

Another major benefit that comes with taking out a title loan is that you can enjoy speedy access to your cash. Once approved, your money could be paid out as quickly as the same day, so if you are in dire need of the finances, you will not be put through the misery of having to wait for days on end for a decision and then for the money to come through. You can get the money quickly and with minimal fuss.

Generous Borrowing Levels

The borrowing levels for car title loans can vary from one lender to another. Remember, the value of your vehicle will determine how much you can borrow, and so will the lender’s borrowing percentage. Some allow you to borrow a higher percentage of the vehicle value than others, so you can find options that allow for very generous borrowing levels with these loans.

These are just some of the various advantages you can look forward to when you choose a title loan to raise the finance you need. 

Tips for Getting Your Business Back into Shape

The current economic reality is such that businesses around the world are facing an existential crisis. Global economic uncertainty, fueled primarily by the ramifications of the coronavirus continues to pound SMEs across the board. Unprecedented job losses, declining personal disposable incomes, reduced supply, and growing uncertainty are par the course. Against a backdrop of what is expected to be a bitterly-fought US presidential election season, businesses are attempting to position themselves for success in an increasingly competitive environment where cost-cutting is the order of the day.

Businesses have adopted radical measures to stay afloat. With government aid in the form of the Cares Act aiding small businesses vis-à-vis the Paycheck Protection Program (PPP), businesses were provided with necessary resources to keep employees on the payroll, and rehire employees that had been laid off. The Small Business Administration (SBA) in conjunction with the Treasury Department rolled out the Paycheck Protection Program to provide funding for 8 weeks. As a business-saving option the Paycheck Protection Program also provides for funding towards utilities, rent, and interest on mortgages. Provided the business owner can justify use of the loan, it may not be necessary to repay the loan. Unfortunately, the PPP was not without difficulties. This bailout program – a veritable lifeline for businesses – was riddled with uncertainty, bureaucratic gobbledygook, and improper oversight.

Small businesses found it increasingly difficult to get the documentation submitted and approved, and by the time the creases were ironed out, big corporations had already eaten up huge chunks of the funds. Sometimes, the same businesses applied to multiple lenders and got approved for multiple Paycheck Protection Loans. For these types of businesses, alternative funding sources are absolutely necessary. Small and medium businesses invariably require a steady form of cash flow to survive. Without money to grease the proverbial wheels, the business goes belly up. When businesses are literally starved for funds, it may behoove them to consider alternatives to bank and government loans. A particularly important option available to businesses includes invoice financing through companies like Fundbox*.

*For more information on this viable solution, please read the Fundbox Review for an in-depth discussion of how invoice financing works, and how it can facilitate cash flow for SMEs during difficult times.

What Are Expenses That Businesses Can Trim Back On?

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In its simplest form, profitability measures the difference between income and expenses. If incomes are decreasing and expenses are constant, profitability declines. If incomes are declining and expenses are rising, accelerated losses result. Either way, a business is best served by reducing its expenses without adversely affecting the long term health of the business. For many SMEs, the decision to start looking at ways of cutting costs is a difficult one. Getting approved for a bank loan, invoice factoring loan, or other line of credit does little to reduce the burden of declining revenues moving forward. We are living through difficult times where extraordinary measures are required. A methodical approach to cutting expenses includes the following:

  • Reduce financial expenditure by comparing the costs of insurance policies, consolidating bank accounts, and reducing reliance on unnecessary debts.
  • Slash production costs across the board by optimizing use of factors of production. One such way of doing this is by selling offcuts, and excess capacity that is typically being dumped or recycled. Production costs can also be better managed by improving the efficiency of usage thereof. Layout, design, and functionality are sacrosanct. The space/cost continuum must be maximized.
  • While cost-cutting is always at the back of a business owner’s mind, quality control remains the gold standard. Quality is not limited to the end product; it’s the entire customer journey from inception to cash out, and in certain cases to customer returns.
  • Virtual technology and efficient time management are the best ways to cut costs and streamline business operations. Effective employee time management in the virtual arena is essential. With more remote workers on board, effective management thereof becomes the focus of the new-age workforce.
  • Harnessing the skills, abilities, training, and experience of employees goes a long way towards reducing costs. By assigning tasks to those employees best suited to them, it is possible to maximize profitability and minimize costs.
  • SMEs can look at alternative forms of marketing with low overhead costs, such as email marketing, referral programs, networking opportunities, in-house marketing, and increased reliance on social media.

Viewed in perspective, a business must embrace a multitude of cost-cutting initiatives to stay competitive in a depressed global economy. With millions of people out of work, and PDIs (personal disposable incomes) shrinking with every passing week, it pays to stay ahead of the curve by embracing the range of available resources, limiting internal and external cost factors, and delivering product and service excellence across-the-board.

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