Make Money Online Archives

Escrow – Things You Need to Know

canstockphoto4224483With the continuous growth and development of online businesses, having an Escrow account has become a necessity. Online transactions are very risky not only for the buyer but also for the seller. Unless the website you are dealing with is one which is reliable and proven trustworthy, you may not be safe from possible fraud and deception. In order to protect your accounts and keep online transaction hassles to the minimum, it is important for you to have an escrow account.

 

What is Escrow?

Escrow generally means a fund that is delivered to a neutral third person known as the escrow agent. The escrow will be used whenever you enter into transactions such as lease, sale or mortgage. The escrow agent always makes sure that the funds will never be used inappropriately and that it will never be released unless the requisites for its release are complied with. Since your agreement with your escrow agent is founded upon trust and dependence, it is very important to choose an escrow company which you can truly rely on.

 

How does Escrow work?

Every individual involved in any transaction online can work with an escrow company to prevent fraud. During an online transaction, the buyer and the seller, and in some instances, the lender and the borrower, comes up with certain arrangements on the terms and conditions of the contract. This contract of sale, lease or mortgage is considered as the law governing the parties.

After the perfection of the contract, it is signed by the parties and is delivered to the escrow agent. The agent then examines the terms and conditions of the contract between the parties. Before the escrow is “closed”, the escrow agent makes sure that the agreement is done following the requisites for escrow as provided by law. After making sure that all requirements have been sufficiently complied with, the account will be “closed” and all transactions will be in the hands of the escrow agent.

While the requisites for release of funds are not yet sufficiently met, the seller, the mortgager or the lessor cannot receive any amount from the escrow agent. The buyer, mortgagee and lessee, being the passive parties in the transaction, cannot benefit as well unless the terms and conditions have been complied with. In contracts of mortgage, where there is retention of property, both private and public, the escrow agent is also responsible for the payment of taxes, insurances and other obligations attached to such property. All of the actions of escrow agent are dependent on the law governing escrow, the terms and conditions agreed upon by the parties and the authorization of the parties.

Once all the terms and conditions have been complied with, the escrow will eventually be closed with a settlement statement prepared by the escrow agent.

 

What are the Best Companies to use?

The main objective in hiring an escrow company is to have secured transactions. If so, you need to deal only with companies you can completely trust. One wrong move of an escrow agent can make your funds disappear in a blink of an eye.

With their proven reliability and competence, the following escrow companies online have been rated as among best. Here are two of the escrow companies whom you can entrust your funds to:

1. Escrow.com

Escrow.com is a licensed and accredited escrow company which is based in the US. It is among the pioneer companies in the escrow service industry and has been growing since 2013. Escrow.com complies with several laws and regulations governing escrow transactions and can be trusted when transacting for almost anything sold online.

2. The Heritage Escrow Company

The Heritage Escrow Company is another good choice for escrow services. The company has several locations in California and has been serving clients for some time. More information about the company can be known when you visit their official website.

 

A good Escrow company will not only help you in your transactions but will also protect you from harm. If you want a smooth sailing online transaction from time to time, all you need to have is a reliable, competent and trustworthy escrow company. For more information about escrow.com, you can visit their website or contact their local service provider.

4 Ways to Get Through a Financial Emergency

canstockphoto6226763How do you get through a Financial Emergency? Just when you think you are on top of your finances and things are going smoothly, disaster strikes. It could be something as minor as getting a flat tire on your way to work or something big such as job loss or a medical emergency. If you plan ahead, you’ll get through it, even if you are going through hard times.

The purpose of creating a budget is to save money for the unexpected. Most financial gurus agree that everyone should have an emergency fund that will cover their expenses for at least six months. Even if you are doing well with your savings, it doesn’t mean that you should stop adding money to it.

Here are some tips on how to get through a Financial Emergency whether you think you are prepared or are in deep debt:

 

Review Your Budget

Although, you may have enough money in your emergency fund to pay for car repairs, you will still need to prepare yourself in case anything else happens. What if you or your loved ones are faced with a medical emergency that your insurance company won’t cover or what would you do if you were laid off from your job today? You will need to find ways to readjust your budget.

Reducing the amount of money that you spend on your cable bill is a great way to save money. If your contract has expired with your current provider, you can ask for a smaller plan or eliminate the service all together. You can also contact your cellular phone and internet service provider and ask for cheaper plans or find another company that has better deals.

Canceling magazine or newspaper subscriptions can also save you some money. There is a good chance that there are free online newspapers and websites where you will find the same information for free.

 

Earn Extra Money

If you are currently without a job, there are still ways you can earn some extra cash. You can provide a cleaning service, wash cars or provide a dog walking service for your neighbors. If you would like to make money in your pajamas, there are easy ways you can make money online. If you have items in your home that’s no longer in use, sell it on eBay. There is a good chance that someone is looking for that item as long as it’s in good condition.

You can even use your skills to make money as a freelancer. Check out places such as taskrabbit, fiverr, eLance and oDesk.

 

What if you don’t have enough money to cover the expenses?

Negotiate the Payments

If you are faced with high credit card bills or are behind on your mortgage, contact the company as soon as possible. Ask if there is a way that you can pay a lower monthly payment until your financial situation improve. Most companies will work with you, especially if you have a good history of making your payments on time.

If you had a medical emergency that’s not covered by your health insurance company, contact the financial department of the medical facility and ask if there is a way you can pay in monthly installments until it’s paid off. However, if the payment is more than you can afford, find out if there is a way you can send a lower amount.

 

Ask for Help

If you are going through hard times, swallow your pride and ask for help. Find out if there are charities in your area that donate food and clothing. If you have a disability, visit the Social Security Administration to sign up for SSI and food stamps. This will help out with your household expenses until you are able to get back on your feet.

 

These are a few ways to get you through a Financial Emergency. It may seem impossible at first, but if you follow these tips, you will become debt free before you know it.

6 Ways to Save on Child Care Costs

canstockphoto8769872If you have small children, they need to be watched constantly. Working parents often have to worry about finding someone that’s trustworthy of caring for their little ones. Finding good quality child care without breaking the bank can be a challenge. With the rising cost of child care it is not unusual for parents to spend almost their entire paycheck on child care expenses. This will often cause frustration and leave them wondering what to do next.

There are creative ways for you to save money on Child Care Costs if you’re on a tight budget. Here are some methods to help you get ahead of the game and will also give you a peace of mind knowing that your child is getting the best possible care.

 

Hire a Family Member

Having reliable relatives that are willing to care for your children is one of the best ways to save on Child Care Costs. If grandma and grandpa is retired, ask them if they can care for the children while you’re at work. Paying them a fraction of what you were paying the child care facility and providing food and other necessities will help them out, especially if they are on a fixed income.

 

Get Help From Your Job

Dependent Child Care Spending is a program that allows employees to put some money aside to pay for their child care expenses. The money is deducted so you won’t notice it. This will enable you to budget the rest of your take home pay accordingly to meet your needs.

 

One Spouse Stays Home With The Kids

Although, being a stay-at-home mom or dad is a good option, it is not always possible. Talk it over with your spouse and work out a budget beforehand to see if it will work. The spouse that makes the most money will obviously continue to keep working while the other stay home and take care of the children. You should also have an understanding on who will do the majority of the household chores. This will allow the working spouse to work longer hours to bring home more money.

 

Share a Nanny

If you have close friends or relatives that are also looking for someone to care for their children, you can split the cost of hiring a nanny. She can watch children for both of you when needed. Nannies are a bit more expensive, but sharing the expenses will help you out a lot.

 

Make Extra Money

Nowadays, there are numerous ways to make some extra money online. What skills do you have? If you like to write, there are freelance websites like Elance.com, iWriter.com and Articlez.com where people will pay you to write articles for them. Elance also hire website designers, computer programmers and other countless positions. If you have collectibles and other items around the house that you no longer need, you can sell them on eBay. These jobs alone can possibly take care of the child care expenses.

 

Switch Work Shifts

It is great for both parents to work the shame shifts to enjoy family time in the evening, but this is not always possible. Working opposite shifts can minimize the amount of time that your children spend at day care. You can also ask your employer if your job can become a telecommuting position. Working from home a few times per week will help you out tremendously.

If you use one or more of these ideas to pay for your Child Care Cost, this will possibly save you at least $100 dollars per month while giving your children the best care.

How to Turn Your Recyclables Into Cash

 

canstockphoto4434103In recent times, you may have been reminded over and over to recycle your old newspapers, plastic bottles and aluminum cans instead of placing these items in the garbage can. Did you know there are ways for you to make money selling your recyclables that you have lying around the house?

Recycling  involves collecting and reusing items instead of having to purchase new ones. Many of them are labeled with symbols to show that they are recyclable. This lowers the cost of these items and save energy.

You can use this as a learning tool to get your family involved. If you want to take a chance and make a difference for the environment and also make some money from it, recycling is the way to go. Here are some ideas on How to Turn Your Recyclables Into Cash.

 

Save Aluminum Cans Instead of Placing It In The Recycle Bin. If you are constantly consuming drinks from aluminum cans why not make money from it. If you have a scrap metal facility in your local area, they will more likely accept aluminum cans. Check with them to find out what items they will accept since some places are more strict than others.

Start a Junk Removable Service . If you have a truck and some storage space available, you can go around the neighborhood and collect unwanted items from your neighbors. You will be amazed of the treasures you will come across. Some people throw away gently used items or things that have never been used. They desperately want to get rid of these things to make space in their homes. You can start out posting flyers with a pick up schedule and the prices for removing them.

Create New Items Out of Recyclables. If you are crafty and creative you can make money online turning your recyclables into a masterpiece that’s in high demand. You can sell your art online or at your local flea market for top dollar. Check out etsy.com to gather ideas for items you can sell.

Sell Stuff That’s Sitting Around Your House. If you have old computer parts like keyboards, motherboards, screens and even smart phones,  there are places online that will pay you for the parts. You can sell these to consumers at Craigslist and eBay or you have the option to go to hardware forums such as Hardforum, Overclock Marketplace and Anandtech. Make sure you look into it first to see if the payments are worth the effort for collecting them.

If you have used items such as  Vinyl Records, CDs, DVDs, clothing and videogames that are still in good condition this can net you some extra cash. People are always looking for classic music and movies to add to their collection.  It can be fun sifting through people’s basements and attics looking for usable vintage items.

You can make some extra money with your recyclables if you have an enterprising spirit. Use these ideas to your advantage to turn this into a full-time business while saving the environment.