Getting the Best Currency Exchange Deal for your Business

Currency

Whether you are selling your products abroad or buying raw materials from other countries, you need access to a good currency exchange service. Getting the best deal can make the difference between your business being profitable or failing. The more money you have to exchange the more important it is for you to secure the best deal.

In, today’s highly competitive environment, you need to save money when and where you can. Even relatively, small savings add up over time, and have a big impact on your bottom line.

Understand the true cost

The biggest mistake business owners make when changing money is just looking for the best exchange rate. This is only natural, after all, the better the exchange rate, the more money you will end up with in your account.

However, it is also important to understand how much you will have to pay in fees and taxes. You need to understand which fees will be charged, and find out how much you will really be paying for each transaction.

For example, some currency exchange companies offer a fantastic exchange rate, but will only offer you this deal if you pay a membership fee. If you are not careful, the amount you pay to join can easily cancel out any savings you make because of the good exchange rate.Also, do not forget to factor in what your bank is going to charge you for receiving the money into your account.

Always get a quote

For each transaction, you really should get a quote. Sometimes firms change their fees without informing their customers that they are going to do so. Getting a quote for every transaction will help you to spot these changes and shop around for a better deal.

Use a properly regulated exchange company

They inform their customers in advance of changes to their fees and processes.Regulated firms follow high standards, and work hard to provide a good service that is also fair. Therefore, if they make changes they tell their customers in advance.

Finding a properly regulated company is not too difficult. Most firms list which regulatory body they are registered with on their website.

All you need to do is to go to the regulatory body’s website to double-check that this in fact the case. It is important to take the time to take this extra step. Unfortunately, there are unscrupulous firms out there who claim to be legally registered, but, are in reality rouge traders.

If you are looking for a money exchange service in the UK, you need to look for a company that is registered with the Financial Conduct Authority (FCA). This is the link to this regulatory body’s website. You can use it to check out any money exchange firm you are planning to use.

By following the three simple steps outlined above, you will be able to find a good money exchange service, which will save you time, money and hassle.

Top Ten Tips for First Time Apartment Rental

If you’re hunting for your first condo to rent, either for work or studies, the process of searching for the right place and then living by yourself may seem daunting at first. These tips should help you to find and maintain the right apartment for you and avoid any rental disasters.

 

  • Stay Within your Means

Before you start looking, decide upon your budget for renting, including moving costs, furniture, utilities, and emergency costs and then stick closely to this budget when you make up your shortlist. Going over your budget or overestimating it can result in getting yourself into a bad financial situation that can be difficult to recover from.

  • Keep Your Deposit Secure

You can ensure that you will get your deposit back when you move out by taking care of your furnishings and avoiding anything which could cause damage. It is also a good idea to ensure you have pictures of your flat before you move your possessions in so you won’t be charged for any scratches or marks that aren’t your fault. It may seem obvious but regular cleaning and maintenance will help immensely in getting your deposit back.

  • Make the Best Use of Your Space

Large flats are obviously out of most people’s budgets, but you can still find a smaller place that will be cosy without feeling cramped. Apartment Therapy has a lot of great tips for making the most out of a small space, including using concealed storage, such as hollow end tables. Small kitchens can feel especially confining especially if you can’t afford a full size freezer or a cooker. But there are still plenty of tips available online to eat nutritious meals using limited equipment and ingredients.

  • Utilize Natural Light

Don’t go overboard on lamps and lighting fixtures. Open up your curtains and use natural light as much as possible to both provide a better atmosphere and save on your electric bills.

  • Investigate the Neighborhood

If you can’t yet afford a car, have a look around the neighborhood before you move in or see what is close by on Google Maps. Ensure there is a supermarket, pharmacy, bank, and any other places you will be using on at least a weekly basis close by to avoid having to travel too far or use public transport, which will eat into your expenses even further. If driving to a supermarket is unavoidable, at least stock up and buy bulk portions each time to save yourself the gas money.

  • Don’t Go Overboard on Food

If you are living by yourself for the first time, it can be tempting to overspend on food you don’t need and then throw most of it away as it spoils before you can eat it. This is all money that could be put towards buying furnishings and decorations for your new home. Instead, list out all of the essentials you will be needing, see how much is left in your food budget for treats, and only buy from your set list and within your budget. This will prevent you from overspending. It is a good idea when you first move in to stock up on essentials that you will be using frequently such as cooking oil, salt, sugar, and coffee. For perishables, buy only what you need when you need them.

  • Buy Portable Utilities

Washing machines, dishwashers, and sometimes even freezers aren’t always available in smaller rentals and the cost of using a communal washing machine soon builds up. Many companies are selling portable or smaller machines for people who live in more cramped spaces. Compare portable washing machines from Top Ten Reviews or search online for portable dishwashers.

  • Search for Cheap Options

Brand new apartments close to the city centre are certainly attractive but they are also too expensive for most first time buyers or renters. Ground floor units, older buildings, and neighborhoods further away from the central business district are just some of the cheaper options to keep an eye out for. Search for apartments for rent on PropertyGuru Malaysia and other real estate websites, open up the search options, and you can still find a quality, safe place to live by traveling a little further for work or making a few other sacrifices.

  • Second Hand Furniture

Unfurnished condos are cheaper but for a reason- furnishing an apartment is expensive. Avoid breaking the bank by shopping at second hand stores or searching online for people who are selling their old furniture. You can furnish your flat and get the look you want for a fraction of the price.

  • Keep Rising Prices in Mind

Inflation, changes to the housing market, and other factors mean that sometimes your rent can increase slightly. If you stay in one place for a long time then your rent could be a lot higher when you leave than it was when you moved in. It is inevitable so be sure to include this in your long term budget and if you can, save some money each month that you can use in this instance.

Apartment searching and living doesn’t have to be a headache, and you don’t have to move house every six months and go from one terrible dig to another. Follow these tips and your first apartment will provide lasting positive memories and won’t be a disaster.

 

3 Ways to Get Quick Cash When in a Financial Bind

When you find yourself in a financial bind, as many of us so often do, the best course of action is to try and find some quick cash. If you have burned through all your savings and do not have direct access to the kind of cash you need, you might want to start thinking about different lending avenues that could come to your rescue.

Most people often tend to choose either one of these three options. They can either take a credit card cash advance, take a payday loan advance on their paycheck or take out a title loan where they use their car as collateral. Depending on how much money you need, a car title loan is often the most viable option because you can get up to 50% the value of your car. Here is an in-depth look at these options should you ever need a quick loan.

Take a credit card advance

Taking a credit card cash advance is one of the fastest ways to get your hands on some much needed cash. The problem with this option is that these cash advances are often notoriously expensive and may or may not actually meet your targeted amount. This is an option that should only be explored if you do not need more than $1,000 and are sure that you will repay the money back within a few weeks (in less than a month). Otherwise, the interest rates will skyrocket and you will soon find yourself with an insurmountable debt to clear that is only accruing more interest.

Get a payday loan

Payday loans use your paycheck as a benchmark for how much you can borrow. The idea here is that you can get a percentage of your paycheck and that the loan company will take their money as soon as you get paid. Even though these loans are quick and easy to come by, they highly depend on how much you get paid. This means that the amount you can get is highly limited which could present a problem if you need much more than you can actually get.

Take out a car title loan

This is by far the best option of the three. If you find yourself in a serious financial bind, the best way to go about getting some quick cash is to take out a car title loan. This is where you present your car as collateral to the lending company. You do, however, need to own the car. You cannot take out a loan on a car for which you haven’t fully paid.

The process is very simple and there are many providers like Rapid Auto Loans. All you have to do is to present a lien-free car title to the lending company, they will carry out a quick valuation of your car and can lend you up to 50% of that amount as soon as possible. This is the fastest way to come into some respectable amount of money when you are in a bind. The interest rates vary from lender to lender and you may also need to have a tracking device placed on your car. The downside is that you may lose your car if you do not pay back the loan. On the plus side, the fact that you have used your car as collateral will ensure that you stick to the stated payment plan.