Sobahoken Finance

Tips to Open a Savings Account

img14Anyone with financial goals also needs methods for achieving them. A savings account can be one way to build a nest egg for the future. When you wish to begin this type of relationship with a bank, you will need to follow prescribed guidelines for becoming a customer.

Research Options

Different financial institutions have specific policies and guidelines for their services. Before opening a savings account with any one bank, gather information from several to enable you to compare. Optimally, the facility you select will have a convenient location, possibly with more than one branch. Also, look for a lender with hours that match your schedule, an extensive ATM network, and attractive features such as online banking. Find out about minimum balances and fees to help you choose the institution that offers the best package to fit your needs.

Gathering Materials

After choosing the bank you want to use, gather the documents you will need to open the savings account. Most financial institutions require at least one form of identification (possibly two) and proof of address. Acceptable forms of identification include a driver’s license, passport, school identification

How to Successfully Day Trade the Forex Market

forex text and business graphDay trading is by far the most popular method of making money from the Forex market but unfortunately many traders are going about it the wrong way. Too many people are blindly taking trades without the correct knowledge and discipline to successfully make a consistent profit. In this article we are going to outline the routine that traders should be following to successfully day trade the Forex Market.

Have you ever placed a trade based purely on a technical basis and wondered why it either goes against you or simply moves sideways for hours even days before you finally give up? The point of any successful day trader is to establish volatility in the market. Volatility is caused by traders moving the market based on expectation of news about to happen or reacting to news that has already been released; so the first exercise is to find which currencies are going to be volatile in any given day.

Finding volatility is not as hard as one might think and can be boiled down to simply looking at the news event calendar

Tips to Get Your Teen Started With Credit Cards

168036-283x424-iStock_000025062586XSmallRecently, college students were offered credit cards on campus and thus often get into debt before actually earning an income. Although, now there is a Card Act of 2009 that no longer allows credit card issuers to advertise or promote their products and services on campus. Anyway, students still face potential pitfalls. The thing is every teen thinks that he or she needs a credit card just as well as a cell phone. So, it is a smart move for any parent to use these ubiquitous devices as teaching tools meaning that they should be monitored while explaining how valuable credit may be. And this will help to protect teens from abusing credit.

The following tips will help you to get started.

Check the teen’s credit report together.

It is not a secret that you can simply do this online. At first there should be no credit. Parents should explain that the use of the credit card will be reported to the major credit bureaus, thus any late payment will stay on the credit report for seven years. Teens should know and understand that credit reports

Learn How to Get Rich by Robert Kiyosaki

Do you know how to get rich? Whoever says they do not dream about being rich must not have the slightest idea of one can do when he’s got all the money. From travel to business to being able to help others in so many different ways, the list of things to do when you’ve got money in your hands just goes on and on. Robert Kiyosaki is one of the names that come up whenever the idea of being rich or having a lot money comes into the picture. It seems that he has found the elusive magic potion for success.

Robert Kiyosaki is known as the father of network marketing. His book, “Rich Dad, Poor Dad,” had made waves across the globe. In his book, he talks about the relationship of how we teach ourselves, how we deal with business and how we teach other people. He also included a list of tips on how to get rich, be rich and maintain the status. If you are interested to learn more about how you can be rich too, here are the tips he has provided in a list:

    • Read the book. When he wrote the book, Rich Dad Poor

You Need Personal Pension Plan

Regardless of an individual’s age, appropriate retirement planning or contributions to pension plan is quintessential to ensure a secure living after retirement. As a nation, Ireland people live for a longer period and hence the need for a realistic retirement plan cannot be understated. Apart from this, in 2014, the State Transition Pension was abolished and thereby increased the age for pension to 66. Also, the age for state pension is likely increase to 67 in the year 2021 and by 2028 it would be 68 years. Now, with all these facts in place, there isn’t a better time to begin or review one’s pension.

Personal Pension Plan – Defined

Personal pension plan refers to the individually organised pensions by the employed or self – employed people of Ireland that do not have any pension scheme. In the recent years, the rules governing personal pension plans have changed significantly. Personal pension schemes are not under the purview of the Pensions Authority anymore instead they are subject to tax law and financial services legislation (even for general law on insurance). Tax exemption can be availed for personal pension contributions while the amount of relief availed are based on the age of beneficiary.

Tips to Identify and Remove Credit Report Errors

We live in the age where intrusion is a common phenomenon. Big Brother is not the only one that is watching you. Financing companies, banks and auto lenders also monitor your credit report and analyze the confidential financial information that is provided in it.

And, if there is an error on your credit report, it can create massive problems for you. It can increase your interest rate, obstruct you from getting a job or prevent you from buying a car. A study by FTC has revealed that one in every five customers has an error on his/her credit report. So, you must check it for any errors and remove them at the earliest.

What are the Common Credit Report Errors?

Inaccurate Identity Information

The three foremost credit bureaus – Equifax, Experian and TransUnion collect information of every American. They commit errors because of two main reasons: massive data management and human involvement. Following are the examples of errors:

1. Incorrect Name and Address

2. Error in Employment Information

3. Mistake in Social Security Number

Errors in Financial Information

A bank or a financing company may pass inaccurate information to a credit bureau. Also, a credit bureau can commit errors while processing your financial information. The most common financial

Tips on Forex Trading Education For Increase Your Odds

Forex trading involves risk. Enough risk that without proper planning and knowledge, you could lose quite a bit of money. Here, you will find safe trading tips through Forex trading education.

The Forex markets are more closely tied to changes in the world economy than any other sort of trading, including options, stocks, and even futures. It is crucial to do your homework, familiarizing yourself with basic tenants of the trade such as how interest is calculated, current deficit standards, trade balances and sound policy procedures. If you begin your trading without this knowledge, you will be setting yourself up for disaster.
Do not let your emotions affect your trading if you want success. This keeps you from making impulsive, illogical decisions off the top of your head and reduces your risk levels. Your Forex trading will be more successful the more you ignore them and concentrate on being rational, though you cannot make your feelings go away.

Don’t substitute their judgment for your own; even though consider other traders’ advice. Always listen to the advice of others around you, but don’t let them force your hand into something you don’t feel is right.

Make sure to avoid using Forex robots. These

Tips To Save Money Like A Pro

Saving money is making money! However, you simply can’t save your way to riches. So, it’s important to save money and earn money at the same time! There’s plenty of ways to do both of those wisely but this article is just going to be about saving money! I will cover the earning a substantial amount of income easily portion another time.

There’s a plethora of ways you can save money! My personal favorite is memberships! So, what are some good memberships to begin saving a substantial amount of money each year? I will list 3 awesome membership types below but first I am going to list a few features or benefits that you should look for before purchasing a saving money membership.

Features And Benefits

Variety – You should look for a membership that can save you money on a wide list of things. You don’t want to invest in a membership that allows you to save money on just one thing unless you purchase that one thing religiously, such as gasoline! Look for a membership that will allow you to save on almost anything that you use on a daily basis.


Big Savings – Once again, you can’t save your way to

You Need to Read This If You Have Bad Credit

Many consumers wonder is credit repair legal? YES, actually it’s your right as a consumer to make sure your credit report is accurate, so there is nothing illegal about it!

There is also a huge misconception that credit bureaus are some type of government entity, they are not. In fact your local bar is just as much of a government agency as a credit bureau. A credit bureau is a business pure and simple, they have one purpose, which is to make as much money as possible. They don’t want to help you- they just want to make money! Making sure you have a low score helps them make cash, how?

Credit bureaus are essentially a lead source for lenders. They get paid by lenders so they can run your credit files when you want credit. They also sell thousands of leads everyday to lenders all over the country.

You know those “pre-approved” credit card offers you get in the mail? Well those are directed to your mail box from information sold by the credit bureau to the credit card companies.

I’ll give you one guess what type of consumer commands the highest lead price?

No it’s not the ones with excellent credit, they already

Take Care Your ATM

ATMs and debit cards offer quick access to your money when you’re on the go. Most of us have come to rely on the convenience they provide, but it’s important to use caution to keep ourselves and our finances safe. To protect your identity and ensure your personal safety, it makes sense to exercise caution when using an ATM. The tips below are meant to make you aware that although rare, ATM crime can happen.

Follow these tips to help keep you and your money safe!

    • Protect your ATM card as if it were cash. Report lost or stolen cards immediately.
    • Safeguard your Personal Identification Number (PIN). Don’t give your number to anyone; don’t write your PIN on your card, avoid using numbers that are easily identified (birth date, etc.).
    • Try to use ATMs with which you are familiar. Choose well-lit, well-placed ATMs where you feel comfortable. If you need to use an ATM late at night, ask a friend to accompany you.
    • Before approaching the ATM, scan the surrounding area. Avoid the ATM altogether if it is too dark to see, isolated or looks unsafe. If there are bystanders loitering in the area, go to another machine or come back later.
    • Be prepared to

The Reason Why People Are Interested in Forex Trading

There are many forex trading solutions online now which help make it easier that ever before to carry out this activity. These can include automated robots, as well as free advice that is dispensed on trading sites, along with training courses run both on and offline to help people make a profit on the currency market.

It should also be noted that there are many people who are not successful at this activity, so it is therefore an exceptionally wise idea to consider things before you jump in headfirst. As mentioned above, there are plenty of forex trading solutions and advice freely available, and this is definitely worth investigating to make the most of the practice.

One of the main reasons that more and more people are becoming interested in forex trading is the fact that it is very accessible. Unlike other forms of trading which require an especially technological knowledge or skill, forex trading is something that comparatively appears easier to learn and to therefore benefit from.

All the training programmes and automated robots online also make it possible for the beginner to learn very quickly and easily compared with what was previously possible. Now, when people think they would like

This Credit Card Secrets You Must Know

When you were little, your introduction to the world of personal finance management most likely came about in the form of a gift from your parents: a pouch, perhaps a small canister, or any container where you could deposit loose change – any money that you mean to save up for use in the future instead of the present. By learning the fundamental practice of setting money aside now so that you can have something to spend later, you are able to develop a mindset that does not hanker to spend every last riyal that ends up in your hands; what you gain, instead, is a culture of responsibly ensuring that you have the financial resources for any need that may arise by preparing for such instances and making wise use of the money that you do spend.

This is the same when applying for credit cards as a means of having another source of funds to spend. Most of the time, having credit cards are often associated to financial loss but with the right ways of handling it, you will be able to see how helpful it will be. Below are some tips and tricks you must know if

Before Leaving An Enduring Financial Legacy

Dave Ramsey wrote a book called The Legacy Journey: A Radical View of Biblical Wealth and Generosity. I like this book because it discusses how money is from God, and we are therefore His stewards.

Some will try to convince you that money is inherently evil.

Your Financial Legacy Starts With Building A Strong Financial Foundation

Financially helping others is your end goal. But, you can’t do that if you are in financial trouble. Therefore, your first step is strengthening yourself money-wise so you can assist others. With a secure foundation, you can be a great benefit to people in need. For example, you must stand on higher ground before you can lift someone else.

Giving generously to charity is difficult at this point because you are focused on conquering your debt and mastering your spending habits.

Mastering your spending habits is often complex, but a simple idea and not always easy to employ is paying yourself first. Some attribute consistently saving a percentage of everything you make as the most important financial habit. A second critical practice Dave teaches living by a budget, and the rich are not left off the hook because they are not living paycheck to paycheck.

Beating debt requires discipline.

How To Choosing the Best Trading Platform to Suit Your Needs

So let’s start right at the beginning with one of the first questions most newcomers have when joining the world on online trading.

What is a trading platform?

Quite simply the platform is usually software based and allows the trader and broker to exchange information. Now when we say information it means lots of different pieces of information on the items you are looking to trade. You will have access to company news, quotes, charts and lots more. Importantly it also allows you to actually execute trades in real-time.

Once the trade and been executed, the platform will also allow you to track and monitor the ‘trade’ live so you can see whether you are gaining or losing. This is very important for successful trading as you need to be able to sell at the most appropriate time.

Most trading platforms can be easily installed on the different computer operating systems and some even have apps these days.

You will find that the majority of platforms are provided by your broker free of charge but many will offer an advanced option for a fee. This will normally provide you with additional functionality and information. So depending how seriously and how much time you will

Financially Savvy Moves for Your 20s

Everyone knows the adage, “Time is money,” and that adage certainly applies to making the most of your money in your 20s. Managing your finances for the first time can be overwhelming. Those in their 20s have the greatest financial asset of all – time. Time makes money grow when it is invested wisely. The sooner you start making a financial plan, the brighter your future will be. Here are several financially savvy moves for 20-somethings.

    1. Set financial goals. Put them in writing, and calculate how much you’ll need to save monthly to reach your goals. Remember to make note of the big and small financial goals – from going on spring break next year to retiring early.


    1. Make a budget and stick to it. Limit debt to your ability to pay it off. Monthly credit payments (not including mortgages) should not go over 20% of your net income. Also, start by paying off existing bills before incurring new ones.


    1. Start building an emergency fund. This should be equal to three to six months of living expenses and should be used ONLY in the case of an emergency.


    1. Save at least 10% of your gross income. Put it in your emergency fund, toward future

All About Financial Services

Financial services refer to the services provided by the finance industry. Also, this term is used to describe organizations dealing with the management of money, like credit card companies, insurance firms, investment banks, stock brokerages, and banks. These are the types of firms that compromise the market, providing a wide range of investment and money-related services. In terms of earnings, financial services are considered the largest market resource in the world.

Important Things You Must Be Aware Of

Generally, these services are not limited to the field of deposit-withdrawal, investment, and loan services; but rather in the fields of estate, securities, insurance, trust services, and all forms of financial intermediation like the distribution of financial products as well.

Every day, the needs and expectations of consumers are growing. Hence, making the mark in boosting personal wealth becomes a necessity. Intense competition has cuddled market margins as well as forced plenty of companies to cut costs whilst improving the quality of customer choice and service.

As most organizations are striving to be more entrepreneurial and innovative, the war for talent is escalating. And as the products become more complex and the business environment more uncertain, the risks increase. At the same time, rules and

Tips to Apply for a Credit Card With No Credit History

Money which can be used to buy anything we want, yet which we do not hold, feel and count in our hands. Money which can both save our lives and destroy it. Money is a necessity and our entire life revolves around it, right from figuring out means of earning it to how to spend it and our efforts to save it for a better future.

The modern concept of money doesn’t involve its physical presence, but rather presents itself in the form of a card, a magical card which can instantly make wishes come true. The Credit Card has revolutionised money, transcending physical boundaries and opening up multiple new avenues. There are cases where the only item we need is our credit card and the prospect of carrying money has changed drastically.

Who are the people with no credit history?

Credit History is associated with everyone who has used a credit card for any purchase. The people with no credit history are mostly students and new immigrants in a country, who have never taken out loans. In the case of card applications, an individual with bad credit history has a better chance of getting a credit card than a person without

What To Expect When You See A Qualified Financial Adviser

Everybody in the working age group right from a fresher out of college to retired professional needs a financial planner. If you handle finances in any way right from planning a household budget to running your own business you will have to meet with a qualified financial adviser.

A qualified financial adviser is essential to our lives and they can prove to be the crucial difference between our success and failure financially. Rule number one is to find a financial adviser who finds time to explain things clearly to you. Knowledge is power and when you invest with knowledge and not just blind faith, you become better at it. You will becomes steadily better at saving and investing and generally be in control of your life. Most people have no clue about where exactly their money is invested and what they could have earned by investing in something else. This approach to investing will not work. Your financial adviser should be able to fully explain all options open to you keeping in mind your ultimate financial goal. He should be willing to share information on all options available and not just peddle investment he has a good commission on.

It is

What Going Green Means for Your Wallet

What does it mean to “go green”? To many, it generally means making a commitment to be a good steward of the earth’s resources on a daily basis. Going green will likely have an impact on your lifestyle and your finances. Those who choose to be green should be ready to:

Be savvy consumers. Plan to spend more time researching your purchases – paying attention to how products are made, what they contain, how they are transported and packaged, as well as what type of waste they generate. When you know what makes a product truly green, you can be more confident in your choices.

Pay more for goods and services. Green products are typically more expensive to make than mainstream merchandise. This is because many green companies commit to using higher quality ingredients or sustainable production methods. In other cases, green products are made by small or local businesses, which may drive up the cost. Before making a purchase, ask questions to understand the item’s price. Keep in mind that as more green products emerge and manufacturers figure out how to scale production without compromising green principles, prices are likely to fall.

Modify your household. Each room in your home provides

Confidence is The Key in Forex Trading

All successful currency traders share a similar trait. It’s confidence. Confident traders are much less likely to second guess themselves. They’re more disciplined, and they stick to strategy even when the markets are unstable. Yet it can be a challenge to develop trading confidence, especially when the markets are unpredictable.

The good news is that you don’t need years of experience or a giant account balance to trade confidently. In fact, even novice traders can develop self-assurance. You just have to be willing to put in the hard work.

Take a Look at What You Can Control

One of the difficulties of Forex trading is the uncertainty. Unless you’re a fortune teller, you’ll never be able to accurately predict where prices are headed. Yet there are a number of things that you can control. For example, if you keep a close watch over major policy announcements, you can rest assured you won’t be blindsided by a rate increase, or unsavoury economic news. There are many things you can control, including monitoring market sentiment and conducting thorough analysis.

Develop Trading Discipline and Patience

Confident traders are unshakeable. When a surprise announcement comes, they don’t make irrational trading decisions. Instead, the majority of self-assured traders focus

Scroll To Top