In this fast-moving world, managing your finances can be tricky. It might be tough to keep track of payments and balances on existing bills when you have credit cards, school loans and vehicle loans. To be on top of this issue and find a way to achieve your financial goals, all you need to have is a solid debt consolidation strategy. Consolidating these loans into a single loan may help you to simplify your budget.
This article covers the topic of Debt Consolidation in a nutshell.
What is Debt Consolidation?
Debt consolidation is a rational financial approach that combines various bills into a single debt that can be paid off each month through a debt management plan.
By following the debt consolidation strategy, you can reduce the interest rate and lower monthly payments on the debt, thus making your debt more affordable and easier to manage.
Types of Debt Consolidation
It is important to have choices when it comes to Debt consolidation, as the right option can improve your financial situation significantly. Debt consolidation is the process of repaying various debts with a new Personal Loan or Balance Transfer Credit Card, which usually has a reduced interest rate. Let us look at the two options in more detail.
I. Personal Loan
A Personal Loan is a type of consolidation strategy with the source being from either the bank, a credit union or from a friend or family member. You can use this plan to clear credit card debt or any other type of debt that may have a higher interest rate. The advantage of a Personal Loan is that even though this type of loan comes with higher interest rates when compared to that of a Car loan or Home Loan, there is no need to show any collateral.
Furthermore, approval of a Personal Loan will depend on your credit score. Once approved, you will receive a lump sum of money fortnightly, which you will be agreeing to pay a certain amount of money back for a specified period with an agreed interest rate, thus making it an Installment loan. Plus, interest rates may be reduced depending on your credit score.
By making payments for the personal loan each month, you can have your monthly budget planned accordingly and at the end of the loan term you will have fully paid off your consolidated debt.
It is advised to consider not just the interest rates but also the total cost of the loan in the long run. This will give you an idea of whether opting for a Personal Loan is the best way to go.
II. Credit Card Balance Transfer
Some companies like Coles or Virgin Money, offer a balance transfer onto your credit card, but the stipulation in this case is that you have a good credit score. You can use this to apply for a new credit card and then channel the loan debt to the card. The advantage is that there will likely be a promotional 0% interest rate for a certain period (generally 12-18 months). After this period is completed normal interest (generally above 20% p.a.) will be applied.
The cons that come with credit card balance transfer are –
· Credit score might take a serious blow
· You may not save money after the balance transfer fee is added
· There is a risk of ending up with more debt
· After the promotion period concludes you could end up with a higher interest rate.
From the above two options, you can easily understand why there is a need to have a debt consolidation plan in place. In the next section, we highlight the importance of debt consolidation.
Significance of Debt Consolidation
1. Pay off your debt faster
What’s more stress-free than clearing off debt quicker than you initially thought? With debt consolidation this can be achieved. If your Debt Consolidation Loan has a lower interest than individual debts, try to make extra payments with the money that’s saved each month. With a long run of interest, you can save money as well as consolidate your debt.
2. Can lower your interest rates
If you combine loans like credit cards and Personal Loans, which have high-interest rates, in the long run you pay lower interest rates, especially if your debt consolidation loan is at low interest.
3. Improve credit score
Payment history is the deciding factor that can boost your overall credit score if you make on-time payments on the loan.
4. Life, stress-free
Fewer debts, less stress. It is wise to have a single debt that has the advantages of easy managing, easy repayment, and more importantly, can consolidate all the loans into a single, consistent payment.
Act now. Do your own research. Live a debt-free life.
How Business Management Software can Save Hours of Time for Small Businesses
The beauty and wellness industry through growing leaps and bounds, is a highly competitive space and running a salon or a spa requires you to manage multiple cogs in the wheel. Thus, as a business owner or manager the responsibility of running a highly efficient and lean system rests onto your shoulders. Granted that the business location, its bouquet of services and features etc., all contribute to a member’s decision making process, it is also attitude and performance of the staff that leaves a lasting impression on the client. A positive impact greatly helps in not only retaining and existing member but also organically acquiring new ones.
As your salon or spa grows, inevitably there would be a time when managing the plethora administrative task will become a challenge because of the multiple variables that are linked to the process. Whether it is managing memberships to scheduling appointments, deploying staff on rotational basis, or running payrolls- the entire gamut of operations will become increasingly complicated. However, did you know a business management software can make the entire operations simple for both you and your team? Read along to know the benefits of a spa management software, and how it can help you both save hours of time and run a highly efficient set up.
Plan Work Schedules
First in the list of saving time, and doing optimal utilization of resources is to prepare an equitable work roster. A salon or spa business management software, can greatly assist you in creating work schedules for your team. By ensuring a fair and equitable distribution of work, based on appointment calendar and managing off-times the software ensures that no staff is either under deployed or is being over stretched. A well in advance work schedule also helps your staff better plan their days.
Clear your front desk. By deploying a salon and spa management software, you are essentially replacing your front desk, and staff with the software. We don’t mean to say that you fire your front desk staff. Rather, we suggest that you make their work simpler such that they can handle their work with ease. A spa and salon management software allows your clients to book appointments at their own convenience, and the system captures the information to allot the client with a slot in the appointment calendar of both the salon and the provider. What is even better, no longer does your front desk staff have to be constantly attending calls to either reschedule or cancel the appointment. As a result, the staff can focus on making the client’s experience both seamless and delightful.
Automated Confirmations & Reminders
By now, we all know that the having an appointment booking alone is not enough. Revenue comes in only when the client walks in through the front door, and the salon and spa management software ensures that the client walks in. With features such as automated confirmations and reminders, the system ensures to remind the clients about upcoming appointments and simultaneously seeks confirmation of the visit, failing which the slot can be offered to a waitlisted client. This one feature alone gives multifold benefit; not only does it save hours of back and forth phone calls with your front desk staff but also ensures that no revenue bearing slot goes empty.
Reporting & Analytics
One of the major benefits of a salon and spa management software is its ability to generate reports on the key business metrics.The business management software literally shaves off hours of work load by delivery accurate reports on demand. Daily sales, cash flow, individual employee wise revenue, variance between targeted sales and actual sales are some of the reports that the system can auto generate.With visual insights on almost every aspect of your business, the salon and spa management software helps you make informed decisions and stay in control of your business. Did you know that advanced salon management software such as the one from Zenoti comes preconfigured with up to 100 reporting formats and styles to enable you and your team the ease to understand your business data as per your convenience?
This one will surely take the cake! While all of the above features of a salon and spa management software do result in substantial time savings, it is the inventory management feature, which perhaps yields the maximum time saving. Ranking amongst the top three features of a salon management software, the inventory management system works in dual way. At one end, it saves time and manpower cost and on the other end it ensures error free stock data. What is even better, it helps you run the business on a lean inventory wherein you order replacement stock, just in time and based on the sales data.
We understand that for small businesses, taking the leap of faith to adopt technology can be a bit of a daunting decision. However, the benefits of a using a salon management software are immense. The software is your back up support to navigate the intensely competitive space and ensures that your business is always running efficiently.
How Can I Choose the Best Packaging Material for the Packaging of Soap?
The soap market is expanding at a rapid rate, and hundreds of new companies are regularly entering the industry. You may find every soap imaginable at the market, from handcrafted to chemically produced.
Each firm tries to deliver a high-quality product, but very few recognize how important it is to have custom soap packaging. When competing with other soap companies that offer the same product, you should never underestimate the impact of the packaging you use for your brand.
You have to select the right options for your product’s packaging if you want it to be a commercial success. The following are some considerations to make when searching for the ideal soap packaging:
It Should Enhance the Product
Your soap packaging should conform to the product’s specifications is the most important thing to keep in mind. Soaps, for instance, require a box that surrounds the product without any gaps or openings, which also safeguards it.
The form and dimensions of the package are important considerations. A well-executed design should always work to compliment the product and boost its overall aesthetic appeal.
It Should Attract the Customers
TheSpeedyPack personalizes soap packaging in several ways, such as by adding a customized sticker or a picture of the soap contained within the box. Some are square, others rectangular, and still others have window boxes to let customers see the soap contained within.
Other customized soap packaging boxes are equipped with a handle for convenient transport and storage. Personalizing your soap packaging offers a wide variety of benefits.
When planning the layout of your soapbox, aesthetics should be one of the top priorities on your list of considerations. It is possible to achieve a polished and expert appearance that will pique the interest of consumers by going with a custom box constructed from cardboard.
If you are in the business of selling high-end brands, you should generally go for designs that are sophisticated and uncluttered. Embossing and debossing are two additional techniques that can be utilized to attract people’s attention. Each of these approaches is successful in its specific way.
Consider The Security of The Packaging
The ability to protect its contents is a hallmark of well-designed packaging. In addition to the material, there are a few other aspects of the protection that need to be taken into consideration. First and foremost, the material used for the soap packaging should be hard and sturdy.
Secondly, the product itself should be able to fit inside the box appropriately. When the product reaches the consumer, no company wants it to be damaged, and they certainly don’t want the box it came in to be crushed.
Easy To Use
When creating the packaging for the soap, you should constantly keep in mind how the clients will utilize them. Is arranging the boxes in their respective locations on the shelves simple? What if it is difficult to remove the goods from the packaging? Is there an adequate method of sealing the packaging? Is your box sturdy enough? Packaging that has been thoughtfully designed can readily fulfill the need mentioned above. To ensure that you can identify any flaws in your packaging, you can perform a test run.
Consider Your Budget
The amount of money you have available can significantly impact the kinds of packaging choices you have available to you. Printing the boxes is a significant component that might drive up the cost.
However, several companies specialize in packaging and offer printing services at reasonable prices, including TheSpeedyPack. Carry out the necessary research to locate the most suitable provider. You can get significant cost reductions by purchasing in large quantities.
Consider Putting Your Brand’s Logo
Soap boxes can be personalized to include a company logo and a statement from the firm. Introducing a company’s brand into a soap box allows for a beautiful presentation, vital for increasing sales. The professional appearance of your soap goods can also be enhanced by the addition of a box that has been personalized. It is simple to understand why customized soap packaging boxes are widely used.
Your company’s brand can have an edge over the competition and see a rise in sales with the help of custom soap packaging. Your soap’s unique packaging can be personalized, making it possible for you to convey an entire narrative with just a glance.
A soapbox can also assist you in the design of motif elements and the communication of feelings. In a nutshell, if you want your soap business to be successful, you need to invest in a custom soap box—profit as much as possible from having your items packaged in a unique way.
Utilize Different Hues, Shapes, Or Themes
Soap boxes printed by TheSpeedyPack can be used to advertise the company name and the product’s attributes; nevertheless, selecting a design that is one of a kind will set you apart from your rivals. Soap packaging can be fabricated according to the customer’s specifications, shape, design, and preferred printing method.
The boxes each have their own unique and appealing appearance. For this reason, soap makers might consider having their boxes produced specifically for their products. If your product solves people’s problems, there is a much better chance that people will buy it. No method of advertising your company’s brand is more effective than using an attractive box.
Our Final Thoughts
It is safe to say that the most effective packaging for any product is customized packaging. It comes with many benefits, including offering excellent product protection and enhancing your company’s image.
Suppose you are thinking about investing in personalized soap packaging. In that case, there is no need for you to keep exploring because soap packaging by TheSpeedyPack already contains everything that you could want.
Our soap boxes are made from a robust material designed to last a long time and can be customized to meet your specifications. You also have the option of having the logo of your firm printed on these boxes. TheSpeedyPack is committed to providing soap packaging of the highest possible quality and aesthetic appeal. Stop waiting and get your hand on this one-of-a-kind packaging.
Facebook says the leaked 533M records are a different data set that attackers created by abusing a flaw in a Facebook contacts import feature, not by hacking (Facebook 533m Newmanwired)
Facebook 533m Newmanwired: Facebook says the leaked 533M records are a different data set that attackers created by abusing a flaw in a Facebook contacts import feature, not by hacking
Recently, the data-mining company UpGuard found a trove of user information from Facebook and other social networks that was exposed on Amazon’s cloud storage service. According to Facebook, the leak was due to an issue with their contact import tool which allowed users to upload contact lists of up to 10 million people.
The data exposed included the names of millions of Facebook users, their contact information and “possible relationship details” such as schools, employers and their children.
Facebook says that several weeks ago the company discovered suspicious login activity on its site which led to a review of its internal systems. That review revealed that impacted user names and contact lists were accessed through a security issue in its “Contacts importer” tool. The issue was also present in older versions of Facebook but it has been fixed in more recent ones. The company has also fixed the issue on its site to prevent further unauthorized access.
Facebook says that while the flaw allowed an attacker to take contact lists of up to 10 million people, it did not allow them to access any private messages on Facebook’s site. This was not an issue with its “Messenger” platform however, where contact lists are protected as messages and cannot be exported or copied by anyone other than the owner.
The company says that it is “not able to confirm which specific accounts may have been impacted”, but the UpGuard researchers have said that the leak included the name, phone number, email address, and Facebook ID of more than 400 million users.
UpGuard has estimated that data from at least 187 million users were accessed. The leaked data also included 152,337,174 user name and password combinations for 22,017,024 unique accounts. The company also says that the leaked data included “education, employment and family information” for more than 100 million Facebook users.
Facebook has not disclosed how many of the affected users were located outside U.S. borders, but says that the majority of affected users are in the U.S. and Canada. The company is recommending that all users of their “Contacts importer” tool delete all contact lists stored by this tool and change their Facebook passwords as a precautionary measure against further attacks on their accounts via this flaw.
UpGuard has said that it believes that these leaked data are from named users who used Facebook’s “Download Your Information” tool to grab their data ahead of the company’s 2012 policy change that shut down its API for this purpose. So, according to UpGuard, the people included in this database were likely all active Facebook users since 2012.
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