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Karlee Ferry

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13 Genius Hacks to Get the Most Out of Your Debit Card

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  1. Get a cash advance.

If you need cash in a pinch, your debit card can be a lifesaver. Most cards will allow you to take out a cash advance at an ATM, and you can often do this without incurring any fees. Just be sure to repay the amount as soon as possible to avoid high interest rates.

  1. Use a debit card instead of a credit card.

If you’re trying to avoid debt, using a debit card instead of a credit card is a smart move. Debit cards don’t come with the same high interest rates as credit cards, so you’ll save money in the long run. Plus, you’ll be less likely to overspend if you’re using your own money instead of borrowing from a lender.

  1. Avoid foreign transaction fees.

If you’re traveling abroad, one way to save money is to use a debit card that doesn’t charge foreign transaction fees. These fees can add up, so it’s worth doing some research to find a card that won’t penalize you for using it outside of the country.

  1. Get cash back with your purchase.

Some debit cards offer cash back rewards when you make purchases. This can be a great way to save money, and it’s usually easy to find a card that offers this perk. Just be sure to read the fine print so you know how much cash back you’ll earn and if there are any restrictions on where or how you can get it.

  1. Pay bills with your debit card.

Paying bills with your debit card is a great way to avoid late fees and keep track of your spending. Many companies will allow you to set up automatic payments, so you never have to worry about forgetting to pay a bill again. Plus, you can usually get a discount on your bill if you use your debit card to pay it.

  1. Use your debit card to save money on groceries.

If you use your debit card to pay for groceries, you can often get a discount. This is because many stores offer loyalty programs that give you points or cash back when you use their cards. Just be sure to keep track of your points so you don’t overspend.

  1. Get discounts at gas stations.

Many gas stations offer discounts to customers who pay with their debit cards. This is usually a percentage off per gallon, so it can add up to a big savings if you fill up often. Just be sure to check with the station ahead of time to see if they offer this discount.

  1. Use your debit card to get a hotel discount.

If you’re looking for a way to save on your next hotel stay, try using your debit card. Many hotels offer discounts to customers who pay with their debit cards, so it’s definitely worth considering if you’re looking to save some money. Just be sure to check with the hotel ahead of time to see if they offer this discount.

  1. Get cash back at restaurants.

Some restaurants will give you cash back when you use your debit card to pay for your meal. This is usually a small amount, but it can add up if you eat out often. Just be sure to ask the restaurant ahead of time if they offer this perk.

  1. Use your debit card to buy lottery tickets.

If you’re feeling lucky, you can use your debit card to buy lottery tickets. Just be sure to check with your state’s lottery commission to see if this is allowed.

  1. Get a discount on movie tickets.

Many movie theaters offer discounts to customers who pay with their debit cards. This can be a great way to save money if you enjoy going to the movies. Just be sure to check with the theater ahead of time to see if they offer this discount.

  1. Use your debit card at the library.

If you have a library card, you can often use it to borrow books, movies, and other materials. Just be sure to return them on time so you don’t accrue any late fees.

  1. Get cash back when you shop online.

If you shop online often, you can usually get a percentage of your purchase back in the form of cash back. This is a great way to save money, and it’s easy to find a card that offers this perk. Just be sure to read the fine print so you know how much cash back you’ll earn and if there are any restrictions on where or how you can get it.

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In Finance

Top Things You Must Know About Option Strike Price

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Choosing the right option strike price is one of the most crucial decisions to make while options trading. It is basically the price at which you can exercise an options pattern. Besides choosing the expiry date, this is the most crucial part of options trading. In this blog, we will discuss some of the most important things to consider when picking the option strike price. Keep reading!

Things to Know When Choosing the Option Strike Price 

Following are some important considerations regarding the selection of option strike price in options trading:

  1. Identify the Right Market 

 When it comes to trading options, there is a range of markets you can choose from. These include commodities, forex, and indices. Besides, you also need to consider the time horizon for your option. You can either choose monthly or weekly. 

2. Choose the Right Options Strategy 

The right options strategy will determine how, when, and for what strike price you’ll exercise an options trade. There are several things to consider here, such as how your options are priced, and the difference between purchasing or selling calls and puts. 

3. Take Into Account Your Risk Tolerance 

Your risk appetite directly affects the option strike price. It is no hidden fact that options markets are highly volatile and you will need to get familiar with the Greeks before starting your trade. The reason behind this is simple, they are among the key factors that affect the value of options. Apart from this, implied volatility also plays a huge role in calculating the risk involved in options trading. Note that implied volatility offers an estimated value of the expected volatility of an option based on the changes in the current price. Implied volatility directly impacts the price you pay for the option’s premium. The higher the implied volatility, the higher will be the premium.  

4. Analysis is Very Important 

Once you know your risk appetite, you should proceed further by performing some technical as well as fundamental analysis on the market you’re planning to carry out your options trade. This can greatly help in understanding why market prices are the way they are at present. Plus you also get an idea as to whether or not your option trade will result in profit or loss. 

5. Choose Your Option Strike Price By Working Out the Options Value 

Determining the value of an option is undoubtedly one of the most crucial but difficult parts of options trading. Note that there are two types of option values: time value and intrinsic value. 

 

Intrinsic value is nothing but an inherent value of an options contract. It is calculated as the difference between the strike price of your option and the current price of the asset underlying it. Time value on the other hand is the extra amount of money that a buyer is willing to pay over a certain intrinsic value. Buyers usually do this when they believe that options will see a hike in value before their expiry date. 

 

In a nutshell, intrinsic value comes into the picture only for options that are in the money. This is because the options that are out or at the money don’t have any kind of inherent value associated with them. 

Time value, on the other hand, is calculated as the difference between intrinsic value and the option premium. Moreover, the option premium is the sum of time value and intrinsic value. 

 

So, for choosing an options strike price, you need to consider all the factors we have mentioned above. You need to carefully select your strike price after analyzing the volatility of your target market. Once all of these factors are considered, you can start trading your options by opening an account. 

 

 

 

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In Business

How Can Companies Create a Safe Work Environment?

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In each industry across the world, safety is a major priority. With 2020 being such a turbulent year, complying with health and safety regulations is an important factor to keep not only your company but also your employees completely safe.

This has led to businesses being keen to fit the correct amount of health and safety signs on their premises. But that only scratches the surface of the work that needed to be done.

To create a safe working environment, you have to move beyond putting up notices. Here is our guide on how to create a safe work environment for your employees.

Eliminate Health and Safety Hazards

There are many ways in which companies can create a safe work environment and eliminate health and safety hazards. This can be done by providing proper training to employees on how to safely perform their job duties.

Conducting regular employee wellness audits of the workplace to identify and correct any potential hazards should also be carried out. Don’t forget the importance of investigating all incidents and accidents to determine the root cause and taking corrective action to prevent future occurrences.

Train Your Workers

Safety in the workplace is paramount to a company’s success. By training your workers in how to create a safe work environment, you are ensuring that they can do their jobs effectively and efficiently while protecting themselves and their co-workers.

By creating a safe work environment, companies can avoid costly accidents, injuries, and even deaths. By investing in the safety of your workers, you are investing in the future of your company.

Make Use of Proper Equipment

One way is by making use of proper equipment. This means using equipment that is designed for the specific job at hand and that is in good working condition. Make sure to provide the proper personal protective equipment (PPE) to employees and make sure it is properly used.

Spread Visual Safety Signs

This will help to remind employees of potential hazards and workplace safety procedures. Signs can be placed in strategic locations such as near exits, electrical panels, and hallways. They can also be placed in areas where accidents are likely to occur, such as near chemicals or in areas where heavy machinery is used.

Hire a Cleaning Pro

When it comes to creating a safe work environment, one of the best things businesses can do is to hire a professional cleaning company. Not only will this help to ensure that the workspace is clean and free of any potentially hazardous materials, but it can also help to create a feeling of safety and security for employees.

To hire a pro on-site, businesses can rest assured that their workplace is clean and that their employees are safe.

Know the Importance of Having a Safe Work Environment

Working in a safe environment is important for many reasons. It can help prevent injuries, keeping you and your coworkers healthy and productive. It can also lower stress levels and improve morale.

Creating a safe work environment starts with communication and collaboration. Make sure everyone is on the same page when it comes to safety procedures. Have regular safety meetings to go over any concerns and updates. Be sure to provide the proper safety equipment for employees.

For more helpful reads like this, do visit our blog page.

 

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In Tech

Why Banks & Landlords Need to Use Identity Verification Software

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Identity verification software is a data-driven way to combat identity theft and fraud. It’s an essential tool for banks, landlords, and other businesses that need to know the true identity of their customers to do business with them. ID verification software can help protect both businesses from financially devastating data breaches and individuals from having their credit scores ruined by fraudulent activity. Here are three reasons why identity verification software is so important for banks and landlords, and why they should be using it.

Identity theft

Identity theft is a serious crime that can happen to anyone. With the rise of identity theft, businesses are taking steps to prevent it from happening. This includes using identity verification software to ensure that the person applying for a loan or renting an apartment is who they say they are. Businesses need to know that their customers are who they say they are for reasons beyond preventing fraud; it’s also important for compliance and legal reasons.

Credit score

A credit score is a number that represents the creditworthiness of an individual. It’s based on information in your credit report and used to determine whether you will be approved for a loan, credit card, or another type of financial credit. It can have a devastating impact on an individual’s credit score, which is why identity verification software is so important. Identity thieves steal personal information and use it to open up new accounts or take over existing ones in your name. If you’re a victim of identity theft, it can take years to resolve the problem and restore your good name.

Tenant screening

Identity verification software can help landlords screen tenants. Tenant screening is a valuable tool for property owners and managers. It’s used to protect the business, employees, and customers of a commercial or residential property. Tenant screening provides information about prospective tenants’ credit history, criminal history, and other personal information that may influence their ability to pay rent on time or act responsibly in the community.

Additional data checks

While this is all well and good, banks and landlords can do even more to confirm your identity. For example, they can check your address history to make sure you are who you say you are. They can also verify employment history or credit history. If they see anything suspicious, they will investigate further before granting access to the account or apartment building. Additionally, banks may request a data point or two from an additional source outside of what’s provided by most government agencies responsible for issuing IDs (like social security numbers).

The risk of being a victim of identity theft is ever-present, and it can be difficult for any business owner or customer service agent to know if someone is lying about who they say they are. The challenge is compounded by the fact that many banks and other financial institutions rely on the human element instead.

Conclusion

The good news is that the way people live and work is changing, as businesses and individuals embrace technology. One example of this paradigm shift is the rise of digital identities—forms that replace or enhance physical documents such as passports. As a result, businesses and customer service agents rely on identity verification software to help them with the tasks of business operations and to provide good customer service.

 

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In Finance

Consumer Finance Benefits for Your Business

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Consumer finance alternatives are emphasized by many companies today, big and small, as a way to entice customers to buy while potentially increasing the order value and closing sales. Consumer financing has added and will only continue to add, and businesses that don’t offer consumer financing may find that they are losing revenue as a result. Every size of business can benefit from consumer finance. Here are a few of its advantages.

  • Low-risk options for your company and your client

The danger will get reduced for you and your clients if you have a strong working relationship with a trustworthy financial broker. Applications for financing submitted by your customers will get evaluated by a reputable brokerage based on several factors to determine their ability to fulfill payments. As a result, your consumer faces less financial risk. It encourages positive feedback, reviews, and referral business.

  • Bring in additional clients

Numerous studies have shown that financing draws in more clients, according to Joseph Stone Capital. Businesses that offer to finance sell 20%–30% more than those who don’t, according to a recent Forester report. You risk losing customers to a rival who does if you don’t offer to finance.

  • Greater sales

You enhance your chances of making more sales orders by giving your consumers a consumer credit option. That is especially true when clients think about spending a lot of money, according to Joseph Stone Capital. A significant factor in your customer’s decision is the capacity to pay over time with the financing. Such a statistically observable chance to considerably boost sales exists when providing a consumer loan option.

  • Increased Referrals, Loyalty, and Trust

Providing a service memorable to your consumer and fostering loyalty and trust is one of your aims as a business owner, if not your primary goal. Giving your consumers the option to finance their purchase using a consumer finance option will entice them to use your services again and, more significantly, recommend them to their friends and family. In reality, if you’re ready to offer affordable rates and flexible payment options, happy customers can lead to referrals, and repeat business is more probable.

  • Quick payments and improved cash flow

One of the advantages for business owners is the speedy processing of financed sales payments following loan approval. In other words, you receive full money ahead for the transaction, with the lender bearing the risk of a payment default. To enable financed sales, you don’t need to endanger your company’s cash flow.

  • Consumer assistance

If it isn’t already, the customer experience should be one of your top concerns as a company. Client experience is undoubtedly a broad term that refers to many interactions between your company and the customer. The gratification of choice, which comes with the anticipation that an option is available, is one of the experiences that customers rate highly. If you don’t offer to finance, your business will likely go to a rival that does.

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