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.

2. 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.

3. 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.

4. 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.

5. 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.

6. 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.

7. 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.

8. 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.

9. 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.

10. 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.

11. 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.

12. 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.

13. 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.

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. 

Cryptocurrencies have become quite popular in recent years, and many people are going in for their investments. Though the idea of cryptocurrency investments does sound lucrative, you should never venture into them without adequate knowledge. It is prudent to be educated about it first before you decide whether you wish to proceed further with them or not!

Kavan Choksi- cryptocurrency and secure transactions 

Kavan Choksi is a business and finance expert. According to him, cryptocurrencies are a new type of virtual or digital currency that deploys cryptocurrency technology to make its transactions secure. This technology also controls new units, and one of the most famous cryptocurrencies in the world is Bitcoin.

Besides Bitcoin, you will find many other cryptocurrencies, so you need to educate yourself about them before investing in them. They are decentralized and free from government or institutional financial control, making them an attractive alternative for conducting transactions without central authority governance. Find out as much as you can about these crypto currencies.

Anonymous in nature 

Cryptocurrencies are not linked to any individual identity as they are anonymous and quite popular among people who like to conduct illegal activities. You should also note that cryptocurrencies do not exist physically, they are digital, and you will not get them in physical form even though they are called crypto coins.

Cryptocurrencies are created through the process of mining

Cryptocurrencies are made via the process known as mining, where miners are given rewards for the verification and the recording of cryptocurrency transactions present on the blockchain. The whole procedure needs a lot of substantial power for computing making it hard for individual miners to control the production of new units.

Reasons to use cryptocurrencies for your transactions 

Cryptocurrencies have several advantages, and the first is the government or any entity does not control them, eliminating the risks of manipulation and fraud. They are secure due to the unique technology they use- blockchain- resistant to any form of corruption and hacking.

The standards of security are very high

Moreover, the standards of security are high as the public, which boosts accountability and accuracy, can view all the transactions on the blockchain. The transactions are efficient and fast so that they can be conducted quickly. Moreover, cryptocurrency does not have high fees or commissions for executing trades, making them an affordable option for many users.

According to business and finance expert Kavan Choksi cryptocurrencies also have their share of risks. You should be aware of these risks, especially if you are going in for cryptocurrency investment. They are highly volatile, and you can lose a lot in a short period. You must be sure about your risk tolerance and invest in them accordingly. Do not invest without doing any proper research work.

Another issue with the use of cryptocurrency is they are too complex for people to understand. More education and awareness need to be spread about them so that users can optimally invest or deploy them without tension for their day-to-day transactions freely!

After becoming fully qualified in accounting, you have multiple career options at your feet. A surprising number of roles exist for this special skill set, and many of them provide ample opportunity for favorable progression. So, if you know that finance is your passion, but you are struggling to envision where it will take you, consider the options below to see if any suit your area of interest. 

Business Accountancy

If you take up a role in a business, you can expect diversity in your daily dealings. There is an undercurrent of continued activity such as tax documentation, profit schedules, and budget overseeing. Aside from this, the role provides a new task every day in the office, and you will be responsible for most financial dealings. This is a primarily autonomous role with an assumed level of expertise and experience. Before accepting or applying for a role in business, it is recommended that you have work experience in this area, so as to fully understand the implications of what will be expected of you. 

Specific Industry Niches

If a business role is too general for you, there are multiple niche options to explore as well. You could gain further qualifications bespoke to smaller industry sectors, like these oil and gas accounting courses linked here. CPAs and general accountants often have to keep their qualifications up to date to remain relevant in this sector, so a specific course like the one linked above is the perfect solution for two problems. One, you get to explore a whole new side of accountancy that may spark your interest, especially if you are already aware of this line of work. Two, you are better able to ensure your practices are in line with current proceedings so as to not become redundant in your expertise and application. 

Offer Freelance Services

If you don’t fancy working for a corporation or even a smaller business, you can keep things interesting by offering freelance accountancy services. You have to be registered and adhere to the legal policies, but as long as you have the correct documentation and qualification you can offer your services in any manner you chose. Private clients are often a solid way to guarantee a regular schedule and therefore regular income. Plus, you have all the knowledge base already there to handle the administration and tax side of your career.

Teach 

Going down a less traditional route, teaching accountancy or financial management is always highly rewarding. Some people were born to teach, and others find it later in life. Teaching young people, or adults about their personal finances, or even future accountants about your area of interest provides the opportunity to share your skills and have an impact on future generations. 

Charity Work

Whether this is working for a charity or offering gratis services for those in need, accountancy is always needed either way. Maybe you already have a cause in mind that you would like to work for, or you might just be exploring it as an option. Regardless, charity workers with a professional skill set are always in demand in this sector. Chartered accountants enable charities to continue to do good and keep functioning by allowing them a greater capacity in terms of monetary management and providing supportive services. 

Tax Advisors

Figuring out taxes is a major stress to a lot of people. With your experience in this area, you can take that stress away. There will always be a need for specialist tax advisors as this is just a part of essential life admin to address. The penalties of incorrectly filing taxes are well-known, and many people live in fear of getting it wrong. So, if you choose to go down this route, you are upping your chances of securing work in a higher capacity. 

Consultant Roles

With the right experience under your belt, professional accountants can develop into other roles with their transferable skills. Management consultant roles with an accounting focus are a frequent career trajectory for this set of qualifications and experience. The knowledge of how to manage finances in an optimum way, monitor staff credentials, stay alert with tax responsibilities, and an understanding of business strategy and how things link together are essential consultant skills that all experienced accountants also bring to the table. 

There are many roles to pursue with a certificate in accounting. It is not just restricted to crunching numbers and filing taxes, since accountants have purposes all over the industry and in personal lives as well. Find your passion and follow it. 

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.