Cash – Bungeni http://bungeni.org/ Mon, 21 Nov 2022 16:03:43 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://bungeni.org/wp-content/uploads/2021/05/bungeni-icon-150x150.png Cash – Bungeni http://bungeni.org/ 32 32 Data shows eComm has received a permanent boost from the pandemic https://bungeni.org/2022/11/21/data-shows-ecomm-has-received-a-permanent-boost-from-the-pandemic/ Mon, 21 Nov 2022 09:02:24 +0000 https://bungeni.org/2022/11/21/data-shows-ecomm-has-received-a-permanent-boost-from-the-pandemic/

Online shopping is so 2019.

This is the claim analysts and pundits who point to the consumer’s return to the physical store as evidence of their waning appetite for digital purchases. Specifically, their claim is that the rate at which consumers shop online has returned to what one would have expected without the pandemic – that consumers’ increased use of digital channels to shop has been a blow. hard. In 2022, shopping is now business as usual in 2019.

Undoubtedly, the highest usage of e-commerce channels was recorded in the second quarter of 2020, when e-commerce shares accounted for 16% of sales. Since then we have seen these levels fluctuate, decreasing to 14% in Q1 2022 and increasing more recently to a seasonally adjusted level of 15% in Q3 2022. We have also seen an increase in brick usage . and mortar retailers from 2021.

However, it is incorrect to say that the growth of online shopping reflects longer-term pre-pandemic trends rather than a boost from consumer reliance on digital channels created by the pandemic.

Here’s why.

The table below compares US Census data, and projections of e-commerce sales based on 2010 e-commerce share data to Q4 2019 (the last quarter before the start of the pandemic) with e-commerce sales reported by the census.

What we find is that the share of sales via e-commerce is about a percentage point higher today than it would have been without the increase in the use of digital channels by consumers between 2020 and 2022.

Source: PYMNTS.com, US Census Bureau data. Estimated quarterly US retail sales (seasonally adjusted): total and e-commerce.

While one percentage point may seem insignificant, it represents $81.6 billion in e-commerce sales over the past four quarters, an 8% increase in e-commerce sales attributed to increased channel usage. to make purchases between 2020 and 2022. According to census data, total retail sales over the last four quarters were $7 trillion, and $1 trillion of those retail sales were made via e-commerce techniques.

These data and the conclusions drawn from them are consistent across a variety of statistical models and estimation procedures. The one percentage point difference between actual shares of e-commerce sales and what they would have been based on projected data is the same when making estimates based on seasonally adjusted and unadjusted data. seasonally adjusted.

Similarly, these results also hold when using simple linear regression (OLS) models or regression models with robust standard errors.

More importantly, these results are also valid even if one uses more advanced statistical techniques such as Arima models specially designed to predict future data over a given period.

Even though analysts are revising their forecasts for brick-and-mortar store closures down, it’s easy to forget that brick-and-mortar retail has been in serious decline since 2010 with massive store closures every year – including 9,100 in 2019. consumers may be heading to stores more now than they were during the pandemic, but they’re still using e-commerce more than they would have if the pandemic hadn’t happened.

What all of this implies is that conclusions drawn about e-commerce gains that now go upside down fail to analyze the data in detail, and instead jump to a conclusion unsupported by both data and a common sense look at how consumers buy. PYMNTS first exposed the story of inaccurate reporting of census data on e-commerce earnings in May 2022. What this data shows is that what we were saying then about pandemic-spurred e-commerce earnings is, in fact, what happened.

How consumers pay online with stored credentials
Convenience drives some consumers to store their payment credentials with merchants, while security concerns give other customers pause. For “How We Pay Digitally: Stored Credentials Edition,” a collaboration with Amazon Web Services, PYMNTS surveyed 2,102 US consumers to analyze the consumer dilemma and reveal how merchants can overcome holdouts.

]]>
Financial match hits $10 million milestone for employee retention credit https://bungeni.org/2022/11/19/financial-match-hits-10-million-milestone-for-employee-retention-credit/ Sat, 19 Nov 2022 00:21:25 +0000 https://bungeni.org/2022/11/19/financial-match-hits-10-million-milestone-for-employee-retention-credit/

LOS ANGELES, Calif./ACCESSWIRE/November 18, 2022/ Financial Match, a B2B consulting practice, reached a milestone by securing $10,000,000 in Employee Retention Credits (ERCs) for its clients.

These credits are not loans and do not need to be repaid. There are still billions of ERC credits available and the program is still available to this day.

Financial Match has a team of ERC experts who work with applicants every step of the way to ensure they receive all the money to which they are entitled. No credit checks or upfront fees are required when working with Financial Match.

The company only charges customers a reasonable fee once the tax credit is received. Most businesses receive checks within five to nine months, but many new customers have received theirs as early as 60 days. Financial Match does not collect any payments until the client receives theirs, which is a welcome relief in the ERC industry.

“We are proud to announce that we have helped our clients receive a total of $10,000,000 in employee retention credits. Most business owners don’t realize they have access to these ERC credits which allow businesses to increase their savings and cash flow,” Joshua said. Ghazal, president of Financial Match. “We’ve helped a wide variety of businesses claim millions in ERC credits in 2022. The most common question we get is, ‘How much can I get from the Employee Retention Credit Program, and is it a scam?” It feels good to know that business owners can get some kind of relief during a turbulent time in the business landscape.”

“Unlike other companies, Financial Match does not charge an upfront fee. We have also recognized the need for companies to know their ERC credit amount for free. That is why our 60 second pre-qualification quiz is so popular.”

About financial correspondence

Founded in Boca Raton, Florida, Financial Match is a leading national business consulting practice that strives to create meaningful business relationships. The company works with a network of CPA experts who help clients quantify and deposit ERC credits and other performance-enhancing grants.

To find out more about Financial Match and to apply for the ERC program, go to www.matchfinancier.com.

Media details
Website URL: www.matchfinancier.com
Company name: Match Financial
E-mail address: [email protected]

THE SOURCE: Financial game

]]>
Buy now, pay later with no credit check – Forbes Advisor Australia https://bungeni.org/2022/11/16/buy-now-pay-later-with-no-credit-check-forbes-advisor-australia/ Wed, 16 Nov 2022 03:25:21 +0000 https://bungeni.org/2022/11/16/buy-now-pay-later-with-no-credit-check-forbes-advisor-australia/

Usually, BNPL account processing is usually done electronically and no documents need to be submitted.

The BNPL sector in Australia currently operates under a voluntary code of conduct, which requires operators to undertake an assessment to ensure you can repay a BNPL loan. But exactly how these assessments are undertaken is open to interpretation.

Most BNPL providers undertake a ‘soft credit check’ when confirming your details and approving your registration, but this check is not recorded on your credit score. Others will approve you for a BNPL account without doing a credit history check.

For example, Afterpay will instantly approve you without performing a credit check if you are at least 18 years old, have a personal email address and mobile phone number, and have an active Australian credit or debit card. Splitit also doesn’t do a credit check, just insisting that you have an available balance on your credit card.

BNPL players that require a credit check before approving your account include Zip Money, Zip Pay, Openpay, Klarna, bundll, Laybuy and Latitude Pay. Humm will insist on a credit check in some cases, depending on the loan amount.

Although a soft credit check will not appear on your credit report and therefore will not impact your credit score, please be aware that if you miss a BNPL payment, it could end up on your credit report, which will impact your credit score.

In addition, the federal government has expressed an interest in closing the loophole that allows BNPL to escape regulation applied to other credit products under Australian law. This may involve more detailed credit checks, so watch this space.

Advantages of BNPL without credit check?

For starters, you can get approved very quickly. You can stand in your favorite store with this new dress in your hand and take it home without paying a penny 10 minutes later.

Not only is approval much faster, but the lender doesn’t know your financial history. Therefore, consumers who do not always meet their financial commitments may also have access to this form of credit, even if they cannot necessarily obtain a credit card.

It also means that consumers with a bad credit history are not punished for mistakes that may well be behind them.

Disadvantages of BNPL without credit check?

Count the paths.

Bear in mind that for now at least the BNPL is not covered by the same obligations that banks and other lenders are subject to, which means that BNPL lenders do not have to check if you can enable you to make payments.

Without needing to do a credit check to make sure you’ve handled your finances well so far, it’s easy to go over your head. This means you can get into financial trouble if you over-buy and can’t make payments on time.

If you have poor impulse control, it could mean you’re spending more than you can actually afford. If you don’t trust yourself with money or have a poor track record of managing your finances, be extra careful.

Some people now rely on BNPL to pay for day-to-day expenses such as groceries, which means reimbursements can arrive in droves and quickly, making it more difficult to track payment. It also means making sure you have enough funds on your credit or debit card to cover each payment.

And of course, if you miss a scheduled repayment, you may be subject to high fees and charges, which can affect your credit score.

]]>
NOW Broadband DROPS 63Mb Super Fiber at £20 per month https://bungeni.org/2022/11/10/now-broadband-drops-63mb-super-fiber-at-20-per-month/ Thu, 10 Nov 2022 15:35:24 +0000 https://bungeni.org/2022/11/10/now-broadband-drops-63mb-super-fiber-at-20-per-month/

Dan Howdle | November 10, 2022

63Mb Super Fiber now just £20 per month!

There are a bunch of reasons why you might consider NOW Broadband, from its absolute value, Sky quality customer service or lack of credit checks. Right now, there’s an even more tempting reason to switch to NOW. For a limited time, its 63Mbps Super Fiber plan has been discounted to match its 40Mbps Fab Fiber offer – just £20 a month!

Incredibly cheap for such fast broadband

When you look at this NOW Broadband offer from the perspective of other offers right now, it’s incredibly impressive. To get an idea of ​​the price of this offer, we can say with absolute certainty that at the time of writing it is the cheapest offer in the UK in this speed category.

Of course, being the cheapest, you won’t get any rewards for new customers such as vouchers, cash back or freebies. Such is the nature of the beast. If you want these things, you will pay more. But if your only goal is to pay the lowest price for your broadband each month, this offer is the one for you. It should be noted that there is an initial £5 charge for postage of your new router.

The deal comes on a 12 month contract, so you won’t be tied down for as long as you are with some providers. And despite its low price, the NOW Broadband NOW Hub 2 Router offers next-generation Wi-Fi, intelligent channel selection, dual band, and five antennas. And if you’re not at all sure what all that geekspeak means, basically it’s a decent router!

NOW Broadband does not perform credit checks

This is quite an unusual feature. Broadband packages are essentially a credit agreement. You get a free router and broadband access, and in return you pay a total amount equal to the contract term multiplied by the monthly fee.

For this reason, most broadband providers will perform a credit check when you sign up, which means that if your credit rating is poor for any reason, you may be turned down as a new customer. This is not the case with NOW Broadband. Anyone who wishes to register can do so, regardless of their credit history.

Get this offer Visit NOW

You can add NOW TV Entertainment to your package

NOW TV Entertainment provides most Sky TV shows, available to watch at your convenience via the NOW TV app, which you can download to your streaming stick/box, mobile device or Smart TV operating system. You will need to check if there is a version of the app available for the device you have chosen.

However, unfortunately, there is no discount for bolting it onto your NOW Broadband deal. It’s £9.99 a month whether you’re a NOW Broadband customer or not. That’s to be expected when broadband is already this cheap, but it could be seen as a convenience in the sense that everything will go on one bill.

Installation takes about two weeks

Provided you have a landline in your home, NOW Broadband takes about two weeks to get up and running from the time you sign up. Most broadband providers are on the same network – Openreach – with Virgin Media being the exception. So if you’re on Virgin Media and switching to NOW Broadband, it may take a little longer depending on your situation.

Once you have the router in your hands, all you have to do is plug it in and follow the instructions in the box. In most cases, there should be no break in service between your old and new provider.

NOW Broadband ranks high among customers

Cable.co.uk asked 6,000 broadband customers what they thought of their providers as part of our Cable.co.uk Broadband Customer Survey. NOW Broadband placed third overall, with particularly high marks for installation/switchability and value for money.

Get this offer Visit NOW

]]>
Need a car? Follow these 4 steps before setting foot in a dealership https://bungeni.org/2022/11/03/need-a-car-follow-these-4-steps-before-setting-foot-in-a-dealership/ Thu, 03 Nov 2022 12:00:31 +0000 https://bungeni.org/2022/11/03/need-a-car-follow-these-4-steps-before-setting-foot-in-a-dealership/

Image source: Getty Images

It is definitely worth being prepared.


Key points

  • Car payments can be a huge strain on your budget.
  • It’s important to figure out what you can afford and research borrowing options before looking at cars in person.

Many of us need a car to function. But owning a vehicle can be an expensive prospect. You have to feed it, to assure and process monthly payments if you end up funding it.

And many car owners do end up financing vehicles because they don’t have a lot of cash lying around. If this is the boat you expect, don’t worry. But also, don’t just walk into a dealership unprepared. In fact, it pays to take these essential steps, as suggested by Your rich best friendbefore going to see the cars in person.

1. Check your credit score

Your credit score indicates how trustworthy or risky you are as a borrower. From now on, there is no longer a minimum credit score required to finance the purchase of an automobile. But the higher your credit score, the more the terms of your auto loan are likely to be. And a higher credit score can make you pay significantly less interest on your car loan, allowing you to better manage your monthly payments.

As such, it’s important to check your credit score before looking at cars. If you see that your score needs work, you can take a few steps to improve it before you apply for an auto loan – and end up with an unfavorable borrowing rate that drives up your costs.

2. Determine how much you can afford to borrow

It’s easy to get tempted by a car with great features. But if buying that car means signing a car loan with monthly payments of $750 and the maximum amount you can afford is $450 a month, then you’re taking a really big risk.

Before heading to a dealership, sit down and check your budget (or make one) to see how much car payment you can swing. Remember, you don’t want to mess with a car loan because then you might fall behind on other bills, like your mortgage or utility charges.

3. Shop around for financing

If you know you’ll need a car loan to finance a car purchase, don’t rely solely on the financing figures given to you by the dealership. Instead, shop around to see what options you might have. You can research different lenders online to see what their loan rates look like.

4. Ask for pre-approvals

Just like you can get pre-approved for a mortgage loan, you can also do it for a car loan. This will give you an idea of ​​how much you can afford to borrow.

Now, if you’re planning on shopping around for pre-approvals, be sure to do so within the same 14-day window. Each time a lender digs into your credit history, it counts as a thorough investigation of your credit report.

One serious inquiry can drop your credit score a few points, which is usually not that bad. But you don’t want multiple difficult requests in a short time. However, if you shop for the same type of loan within the same two-week period, these various difficult requests will only count as one.

The more you prepare before entering a car dealership, the more likely you are to land a good deal – and the less likely you are to make an auto purchase you will end up regretting.

The Ascent’s Best Personal Loans for 2022

Our team of independent experts have pored over the fine print to find the select personal loans that offer competitive rates and low fees. Start by reviewing The Ascent’s best personal loans for 2022.

]]>
$100 Instant Loan Apps: No Credit Check Required https://bungeni.org/2022/10/28/100-instant-loan-apps-no-credit-check-required/ Fri, 28 Oct 2022 22:21:36 +0000 https://bungeni.org/2022/10/28/100-instant-loan-apps-no-credit-check-required/

RapidEye/Getty Images

There are times when you need a small amount of money to cover a bank overdraft or an unexpected expense. However, applying for a loan to borrow a few dollars is usually not worth it. Luckily, an instant $100 loan application can help you cover a smart shortfall right away. The following instant $100 loan application options are best when you need a cash advance.

7 instant loan apps that don’t check your credit

Here are seven apps that will lend you $100 fast — and won’t check your credit first.

1. Win

The Earnings app is one of the cheapest ways to borrow up to $100 a day. Unlike many other cash advance apps, there are no subscription fees or hidden charges. Instead, Earnin asks you to send a tip that you deem fair in appreciation of the loan.

To borrow with Earnin, you will need to show that you are receiving a paycheck. As mentioned, you can borrow up to $100 per day of your income. One of Earnin’s best points is its user-friendliness. There are no credit checks and no hidden fees. In addition, an interest-free period makes it possible to borrow money at low cost. Earnin will keep a tally of what you borrowed and withdraw the funds to repay the loan on your next paycheck.

2.David

David is an excellent banking alternative. You can manage all your banking needs using the app and a linked debit card. And if you regularly need a quick cash boost, having an account with Dave could be a lifesaver. You can borrow up to $500 in ExtraCash, interest-free. All you need is to have direct deposit installation.

There is a $1 monthly membership fee when banking with Dave. However, there are no other fees, such as monthly maintenance, minimum balance, overdraft or ATM fees. Plus, receiving your paycheck as a direct deposit means you could get paid up to two days earlier than expected. If you’re wondering if opening an account with Dave is worth it, the fact that you can borrow up to $500 quickly without interest or fees could be a big selling point.

3. Bridget

Brigitte can give you a cash advance with no credit check or fees up to $250. There’s a $9.99 monthly membership fee to borrow from Brigit, but it might be worth it if you tend to ask for cash advances often.

Brigit also offers ways to build your credit, such as a 12 or 24 month loan. When you borrow, the Brigit app will deposit the amount into a Credit Builder deposit account. You will need to choose a monthly repayment amount between $1 and $24 for a 12 month loan and between $1 and $50 for a 24 month loan. Brigit will report your payment history to the credit bureaus, helping you boost your credit score when you repay your loan on time.

4. Payactiv

payactiv is one of the greatest payday advance services available. More than 1,500 employers including walmart and Uber offer employees access to Payactiv. Each employer will determine the amount they will allow an employee to borrow against their earned wages. However, even if you don’t work for a participating employer, you can still use Payactiv as a banking alternative.

When you borrow against your future paycheque, the funds can be deposited into a Bank account or card to use for whatever you need. The money you borrowed as a cash advance will be deducted from your next paycheque.

5. Chime

Carillon is a financial alternative for anyone who cannot or does not want to open a current account in a traditional bank. After applying for a Chime account, you will receive two accounts: a spending account for paying bills, which is similar to a checking account, and a backup account.

All financial tasks are performed through the Chime app. When using Chime, you may receive a push notification prompting you to get a Chime instant loan. Chime loans start at $100, depending on the amount of direct deposits you receive and your activity.

Chime loans must be repaid in three monthly installments. When you take out a Chime instant loan, you pay a fee of $5 per $100. Once you have repaid a loan, you can receive another loan offer as a notification through the app. Overtime, Carillon may offer you a higher loan amount.

6. Silver Lion

MoneyLion offers interest-free, credit-check-free cash advances up to $250. Best of all, funds are available within minutes. The main eligibility requirements for getting a MoneyLion loan include having a current account open for at least two months and steady banking activity with regular deposits.

When you need to borrow more, MoneyLion offers Credit Builder Plus Loans up to $1,000. To access larger loans from Credit Builder, you will need to pay a monthly subscription fee of $19.99 per month. Credit Builder Loans must be repaid over 12 months. Your lending activity and payments will be reported to the credit bureaus to help you establish your credit.

7.Albert

You can borrow up to $250 for free when you are in need from Albert. There’s no late fee or interest charged when you borrow money. To qualify, you will need to receive a regular paycheck. The funds you need are borrowed from your next paycheck.

Albert charges a small fee if you need the cash advance immediately. Or you can wait two to three days to receive the funds for free. As long as you continue to repay your Albert cash advances, you are entitled to up to three cash advances per pay period.

Carry

Life happens, and sometimes you need a quick push to handle things. cash advance apps allows you to quickly borrow the funds you need. The instant $100 loan apps reviewed here are some of the best. Most don’t run a credit check and charge little to no fees, so you can make ends meet quickly.

FAQs

  • Which app can I borrow $100 from?
    • There are several instant $100 loan apps you can choose from to borrow a small amount of money quickly. This guide goes over the main options like Chime, Dave and more.
  • Which apps lend you money instantly?
    • If you’re looking for a small amount of cash, there are instant $100 loan apps like Brigit, Dave, and Earnin to borrow money quickly. Even better, you can continue to borrow money instantly as long as you repay your loan.
  • Which app will lend me $20?
    • This guide reviews the best $100 instant loan apps that make it easy to borrow a small amount of money fast. You can borrow up to $100 to $250 with minimal effort.

Editorial note: This content is not provided by any entity covered by this article. Any opinions, analyses, criticisms, evaluations, or recommendations expressed in this article are those of the author alone and have not been reviewed, endorsed, or otherwise endorsed by any entity named in this article.

Chime is a fintech company, not a bank. Banking services provided by, and debit card issued by, The Bancorp Bank or Stride Bank, NA; FDIC members.

]]>
Looking for a budget bailout? A personal loan could be the answer https://bungeni.org/2022/10/22/looking-for-a-budget-bailout-a-personal-loan-could-be-the-answer/ Sat, 22 Oct 2022 11:00:44 +0000 https://bungeni.org/2022/10/22/looking-for-a-budget-bailout-a-personal-loan-could-be-the-answer/

Image source: Getty Images

Personal loans are not limited to renovation.


Key points

  • A debt consolidation loan is a good way to pay off high interest debt.
  • Beware of expensive additional fees, sometimes referred to as “origin” or “administrative” fees.
  • The higher your credit score, the more personal loan options you have. However, even if your credit score is low, you may be able to get a personal loan with a much lower interest rate than what you are currently paying on other debts.

If you have high interest debt, you know how suffocating it can be. Worse still, when you have a wallet full of depleted credit cards, a payday loan, or any other type of debt with an exorbitant interest rate, it becomes harder to get out of under it.

Debt Consolidation

Most personal loans can be used for anything you desire, from installing a spa-like bathroom in your home to covering your child’s wedding expenses. One of the best forms of personal loan is a debt consolidation ready. Here’s how it works:

  • You add up how much you owe in high-interest loans, credit cards, and other debts.
  • You request a personal loan for this amount. If approved, most lenders will deposit the proceeds directly into your checking account. Some lenders will pay off high-interest debt directly on your behalf.
  • You make fixed monthly payments until the loan is paid off.

The advantage in real life

Let’s say you have four credit cards, each carrying a balance of $5,000. The average interest rate on each card is 17%. This means you owe a total of $20,000 at 17% interest. Between the four cards, your minimum monthly payment is probably around $600. If you continue to pay the full $600 per month, it will take you 46 months to pay off the entire debt and you will pay $7,259 in interest.

Now let’s say you have a good credit rating and you get a personal loan with a interest rate by 8%. If you continue to make a monthly payment of $600, it will take you 38 months to pay off the loan and you will pay a total of $2,694 in interest.

If you are having difficulty making the minimum monthly payment, you may consider a longer loan term. You’ll end up paying more interest over the life of the loan, but your monthly payment will be lower. For example, extending the term of the loan to 60 months will reduce your payment to $406 and you will pay a total of $4,332 in interest.

Compare the prices

It pays to shop around for the best interest rate and term. This means taking the time to contact at least three lenders. Most lenders will do a “soft” credit check before letting you know if you’re approved for a loan and what the rate and terms will be. A soft credit check means there will be no impact on your credit score. It is only when you decide to go with a specific lender that they run a rigorous credit check. Although a thorough check hurts your credit score a bit, it will bounce back after you make a few payments on time.

What to pay attention to

It may seem counter-intuitive, but the lowest interest rate doesn’t always mean the best loan. This is because some lenders charge high fees which only increase the price of the loan. For example, some lenders charge origination fees or administrative fees. If you have a good to excellent credit score, there is absolutely no reason to accept such a loan.

When a lender tells you that your application has been approved, be sure to ask about any fees included in the loan. And don’t just take someone’s word for it. Read the loan document carefully before signing it.

If you have a low credit score, your loan options may be more limited (and you may be required to pay origination fees). However, if you’re trying to get out of high-interest debt, like a payday loan, chances are you’ll get a lower interest rate with a personal loan.

If you find yourself spinning in circles as you try to get out of debt, a personal debt consolidation loan might just be the budget rescue you’ve been looking for.

The Ascent’s Best Personal Loans for 2022

Our team of independent experts have pored over the fine print to find the select personal loans that offer competitive rates and low fees. Start by reviewing The Ascent’s best personal loans for 2022.

]]>
7 apps like Earnin for cash advances https://bungeni.org/2022/10/20/7-apps-like-earnin-for-cash-advances/ Thu, 20 Oct 2022 06:42:25 +0000 https://bungeni.org/2022/10/20/7-apps-like-earnin-for-cash-advances/

PixelEffect / iStock.com

The Earnin app is a great option when you’re low on cash between paychecks and need a boost. Earnin is great because it has no subscription fees or hidden charges. The problem is, you can’t borrow more than $100 a day, which may not be enough to cover your current shortfall.

The following apps like Earnin can provide you with higher amounts for a cash advance. However, they may have higher fees and finance charges that you should be aware of before making your choice.

1. Daily payment

Some companies participate in DailyPay, an app employees can use to access a portion of their earned paychecks on demand. This means you can cash out before your paycheck arrives. Best of all, there’s no charge to access your payroll early.

Additionally, you can sign up for Friday, a prepaid Visa card with an accompanying app to manage the funds. Use the Visa card to pay for items such as groceries and gas or to withdraw cash. If you’re wondering if your company offers DailyPay, ask your contact or human resources manager.

2. Flexible salary

FlexWage is similar to DailyPay – an option to access your payroll and tips on demand. The service is only available through participating companies. You’ll receive a reloadable debit card for the funds you’ve requested, making it ideal for anyone without a bank account. You can use the debit card to pay for items or withdraw funds at an ATM.

3. Branch

Some of the apps mentioned so far allow you to withdraw tips and payroll earned if you work for a participating employer. The key is that the money must already have been earned to access the funds. Branch offers a similar service but offers more flexibility.

Branch allows employers to grant early access to up to half of an employee’s next paycheck. The amount will be deposited into your Branch digital wallet, where you can pay bills, transfer funds, or make withdrawals using the linked card that comes with the app.

Branch also offers more flexibility by offering delivery options on your funds. You can choose to be paid within a standard three-day period. Or you can rush payment for a fee.

4.David

If you have an account with Dave, you could receive a cash advance, known as ExtraCash, of up to $500 interest-free as long as you have direct deposit set up. Receiving pay as a direct deposit to your Dave account has its advantages – you’ll likely receive your paycheck up to two days earlier than expected.

If you’re wondering if opening an account with Dave is worth it, you’ll find that there are no fees outside of the $1 monthly membership fee. There are no overdraft, ATM or minimum balance fees to worry about.

5. Payactiv

Payactiv is one of the largest payday advance services. It works with over 1,500 employers, such as Uber and Walmart. Each employer determines how much they will allow you to access from your earned salary. Any portion of your payroll that you choose to receive as an advance will be deducted from your next paycheque.

Funds can be transferred to an existing bank account or card, or you can even schedule bill payments with your payroll balance through the Payactiv app. Even if you don’t work for a participating employer, you can still use Payactiv as a banking alternative.

6. Bridget

If you find that you regularly need access to a small amount of money and currently do not have access through your bank to an overdraft line of credit, Brigit could be a good solution. For a monthly membership fee of $9.99, you could have instant access with no credit check to cash advances of up to $250. And aside from the monthly membership fee, there are no other fees.

Brigit also offers a loan over 12 months or 24 months. Brigit places the loan amount in a credit builder deposit account, and you choose a monthly payment amount of $1 to $25 for a 24 month term or $1 to $50 for a 12 month term. Even better, you could boost your credit when you repay the advance since Brigit reports your payments to the credit bureaus.

7. Silver Lion

MoneyLion is similar to Brigit. You will receive an interest-free advance of up to $250 if you qualify, and the funds will be available within minutes. MoneyLion does not perform credit checks to lend you money. The main eligibility requirements include a current account that has been open for at least two months and a constant positive balance with regular deposits.

For larger amounts, MoneyLion offers a Credit Builder Plus program. It will cost you $19.99 per month to sign up, but you’ll have access to up to $1,000, which must be paid back over a 12-month period. MoneyLion will report your payments to the credit bureaus to help establish your credit score. However, you will need to weigh whether the monthly membership fee and APR are worth the expense.

Carry

There are times in life when making ends meet can be a challenge, especially when an emergency or an unexpected expense arises. Having quick access to your paycheck or knowing where to find a cash advance app without exorbitant fees can be a lifesaver. These seven apps like Earnin for cash advances can be helpful resources when you’re low on cash.

Information is accurate as of October 19, 2022.

]]>
Stocks to buy in a recession? 3 main defense actions to watch https://bungeni.org/2022/10/18/stocks-to-buy-in-a-recession-3-main-defense-actions-to-watch/ Tue, 18 Oct 2022 01:28:14 +0000 https://bungeni.org/2022/10/18/stocks-to-buy-in-a-recession-3-main-defense-actions-to-watch/

A recession is defined as two consecutive quarters of negative economic growth, and it is usually accompanied by a decline in the stock market. Although a recession can be a difficult time for businesses and investors, it can also present opportunities to buy stocks at a discount. Thus, defensive stocks are those that tend to perform relatively well during economic downturns.

Examples of defensive stocks include consumer staples, healthcare and utilities. These companies often have strong balance sheets and generate stable cash flow, making them less vulnerable to an economic downturn. As a result, they may be good stocks to buy during a recession. With that in mind, here are three defensive stocks for your list of recession-proof defensive stocks to watch in the stock market today.

Defensive stocks to buy [Or Sell] Now

1. CVS Health Corporation (CVS Stock)

Launching our list of defensive stocks to watch today is CVS Health Society (CVS). Briefly, CVS Health Corporation is an American multinational pharmaceutical retail and healthcare company. In addition, CVS Health offers a range of specialty pharmacy and mail-order pharmacy services. In addition, CVS Health offers a wide range of health insurance products and services, as well as pharmacy benefit management services.

CVS Recent Stock Market News

This month, CVS Health announced that it would release its third quarter 2022 financial results on Wednesday, November 2, 2022. The company is expected to release its financial results before the U.S. stock market opens. In the meantime, let’s recap how CVS released its second quarter 2022 financial results. In August, the company announced a beatdown for its second quarter 2022 results. Specifically, CVS reported earnings of $2.40 per share for the Q2 2022 on revenue of $80.6 billion.

CVS Stock Chart

Apart from that, over the past 5 trading days, CVS shares have rebounded 3.59%. Meanwhile, as of Monday’s close, CVS stock is trading at $90.89 per share.

Source: TD Ameritrade Terms of Service

[Read More] The best stocks to buy now? 4 Semiconductor stocks in a nutshell

2. Walmart (WMT stock)

Next, walmart (WMT) is an American multinational retail company that operates a chain of hypermarkets, discount department stores and grocery stores. Additionally, Walmart offers a wide variety of merchandise including groceries, electronics, household items, and clothing. Walmart is also known for its low prices, often lower than its competitors. In addition to its retail business, Walmart also operates Walmart eCommerce, a website that offers an even wider selection of products.

Recent WMT Stock News

On Monday, Walmart announced that in partnership with Verizon Communications (NYSE: VZ), it will provide its customers with affordable home Internet access through its Straight Talk Home Internet product. This product and service is exclusively available at Walmart and provides customers with contract-free, no-credit-check, prepaid fixed wireless Internet service.

Straight Talk Home Internet is available for just $45 per month. Meanwhile, it offers unlimited 5G/4G LTE data with speeds of up to 100 Mbps on 5G or 50 Mbps on 4G LTE, as well as dual-band Wi-Fi 6.

Mehrdad Akbar, vice president of wireless services at Walmart US, said:Walmart is committed to making wireless products and services that are essential to everyday life more accessible. The Internet provides access to resources and opportunities that would otherwise be out of reach without high-speed Internet access, which is in line with our company’s mission to help our customers save money and live better.

WMT Stock Chart

Year-to-date, WMT shares are down just over 9%. Continuing, as of Monday’s close, Walmart shares are trading at $131.37 per share.

WMT Stock
Source: TD Ameritrade Terms of Service

[Read More] 3 lithium stocks to watch in the stock market today

3. Lockheed Martin (LMT stock)

Lately, Lockheed Martin (LMT) is an American aerospace, defense, security and advanced technology company with global interests. Additionally, Lockheed Martin is one of the largest defense contractors in the world and a major producer of aerospace products for military and civilian use. It is the largest provider of IT services to the US government and one of the main contractors for the development and production of stealth aircraft. The company also manufactures satellites, space systems, missiles and other advanced technologies.

LMT Recent Stock Market News

On Tuesday, October 18, 2022, the company is expected to announce its third quarter 2022 financial results. Specifically, LMT announced that it will release its third quarter 2022 results before the market opens on Tuesday.

Separately, also this month, Lockheed Martin announced that its board of directors had declared its fourth quarter 2022 dividend of $3.00 per share. This reflects an increase of $0.20 per share from the prior quarter. In addition, the dividend is payable on December 30, 2022 to holders of record at the close of business on December 1, 2022.

LMT Stock Chart

So far in 2022, Lockheed Martin stock has outperformed the broader markets, as it is up more than 12% year-to-date. Meanwhile, at Monday’s closing bell, shares of LMT closed up 2.03% at $397.31 per share.

LMT Stock
Source: TD Ameritrade Terms of Service

If you enjoyed this article and want to learn how to trade so that you have the best chance of making a profit consistently, you need to check out this YouTube channel.
CLICK HERE NOW!!



Midam Ventures, LLC | (305) 306-3854 | 1501 Venera Ave, Coral Gables, FL 33146 | news@stockmarket.com



Midam Ventures, LLC | (305) 306-3854 | 1501 Venera Ave, Coral Gables, FL 33146 | news@stockmarket.com

]]>
What is a personal finance app? https://bungeni.org/2022/10/16/what-is-a-personal-finance-app/ Sun, 16 Oct 2022 02:06:03 +0000 https://bungeni.org/2022/10/16/what-is-a-personal-finance-app/

Managing your finances is a tedious task that only a few people do.

It takes a lot of time and effort to maintain, on your own, with all the things you need to pay attention to. Balancing a checkbook, tracking expenses, and keeping track of your bank balance, on your own, can be a daunting task. Fortunately, there are personal finance apps that can help you manage your finances and do all the work for you!

Nick Wilson, CEO of AdvanceSOS and experienced loan officer, shares his thoughts on personal finance apps and how they can help you. A few words about the loan service AdvanceSOS. Its quick and easy app helps people in an emergency to reach the huge network of approved lenders to get same day deposit payday loans at AdvanceSOS without credit check in Texas, California, Ohio and Florida .

Nick Wilson also shares some of the best personal finance apps that you can use depending on your needs. These apps were chosen based on their features, functionality, and purpose.

What is a personal finance app?

A personal finance app is an app that you can download to your smartphone or tablet. It offers convenient real-time tracking of your expenses, savings, and investments. It can track your credit payments and notify you of recent changes in your credit score. You can also connect it to your bank so you know where your money is being spent.

Personal finance apps provide convenience and an easy way to track your finances. Personal finance apps have different features, but generally they have a shared wallet, bill reminders, automatic bill payment, and subscription management.

How much does a personal finance app cost?

Personal finance apps usually have a free version and a paid version. A free version would have fewer features compared to the paid version and might also contain advertisements. The paid version differs in price but is relatively inexpensive, costing only $25 per year or less. Other apps only have a free version!

So if you need help managing your finances, but don’t want to spend a lot of money, personal finance apps can help you without breaking your budget.

What types of personal finance apps are offered?

For debt repayment

You need a budget, also known as YNAP, is one of the best personal finance apps for debt repayment. The app works according to YNAB’s four rules: give every dollar a job, accept true spending, roll with the punches, and age your money. The app is committed to helping you budget better and control your spending. It allows you to import transactions from checking accounts and apply them to each budget category. This will help you get an accurate picture of your spending and maintain a balanced budget by adjusting budget categories if you over or under budget.

Each month, you’ll receive a detailed report of your spending and help you identify areas where you can improve your spending. According to YNAB, an average new user saves $600 in the first two months and moves $6,000 in one year. The app offers a free version for the first 34 days of use.

For wealth management

Personal capital allows you to manage your assets and investments in addition to your expense accounts. Along with tracking your expenses, the app also tracks and improves your investments. The app allows you to track your investment by account, asset class and individual security. The mobile and tablet version of the app has an intelligence system that uncovers opportunities for diversification, risk management and uncovers hidden fees.

Personal capital also allows you to compare your portfolio to major market benchmarks to determine if you are meeting your investment goals. It also provides financial advisors who can help you achieve your goals.

For bill payment

Prism works with over 11,000 billers, including banks and small utility companies, making it the best personal finance app for managing your bills. It also allows you to list all your invoices and financial accounts in one place.

Add your invoices to the app and Prism will automatically track them for you and send you due dates and reminders to help you avoid late payments. You can also use the app itself to pay your bills. You can schedule same-day payments or schedule them in advance for your convenience.

For shared expenses

Spent is a personal finance app that you can also use for shared payments and expenses. It allows you to create a shared wallet with your friends or family to manage a shared expense or budget.

Just import your bank transactions into the app, and Spendee will categorize them for you, or you can also add cash expenses manually to be more specific. Creating a budgeted amount for expenses in each category will prevent you from going over budget. The app will also track your progress towards your budgeted amount. The app also has a bill tracker that sends reminders to pay your bills to avoid penalties and additional charges. If you are going on a trip or to an event, you can create a category for that event and Spendee will track your expenses to stay within your budget.

For budgeting

Every personal finance app can be used for budgeting, but the best is the Every dollar application. The app uses a zero-based budgeting method recommended by personal finance expert Dave Ramsey. Zero-based budgeting gives every dollar a purpose, hence its name.

The app has a built-in monthly expense tracker that you’ll connect to your bank to import transactions and track your expenses. The tracker shows what you’ve spent so far and how much you have left to spend. The app gives you access to financial management experts to help you with your financial planning. Accessing your budget can be done using your mobile app or desktop. All users get a free trial of the premium version of the app which you can upgrade at any time through the app menu.

About the Author

Amanda Girard is a lead writer for AdvanceSOS. His expertise and input are valuable assets to our website and other channels. She has been a tremendous help since our founding in 2019, producing pieces that are not only engaging but also informative and entertaining. She remains an influential figure in the company and among its customers.

Nick Wilson, CEO of AdvanceSOS and experienced loan officer, shares his thoughts on personal finance apps and how they can help you. It also shares some of the best personal finance apps that you can use depending on your needs. These apps were chosen based on their features, functionality, and purpose.

Related Articles


VIDEO


“We re-imagine, recreate and redeem cultural omissions and misrepresentations of blackness, for culture….” This post is made in Partnership with British pathe.

]]>