Personal Finance, Loans, Credit Cards, Insurance - FinanceBuz.com

Intellectual property (IP) is generally classified into two categories: intangible and tangible. Intangible IP includes copyright, patents, and trade secrets. Tangible IP comprises all other forms of IP, such as land and buildings. As the name suggests the main difference between intangible and tangible IP is that intangible IP is intangible and cannot be seen and tangible IP is tangible and can be seen. One example of intangible IP is copyright which is any form of creative expression that has been created by individuals. This includes novels, music, movie scripts, and more. Copyright protects against reproduction, sale, or any other uses that would create profits for someone other than the original creator. The Different Types of Intellectual Property The Basics of Intellectual Property Intellectual property is a term used to refer to several different types of intangible property used in connection with creative or artistic endeavors. It is generally used to refer to both patents an

Is peer-to-peer lending safe? Going to college is necessary in this day and age if you hope to get a good paying job. However, finding the money to do so isn’t always easy. One method of getting money for college is to take out a student loan from the government. Another is to go a private lending institution, such as a bank or credit union. A third method, and one that is becoming more and more popular, is to get a loan from a private individual. This type of loan is usually called peer-to-peer (P2P) lending. Following are a few options for students who are seeking a peer-to-peer loan. What Is Peer-to-Peer Lending? Peer-to-peer lending is essentially a financial agreement that takes place between individuals. One party, you, borrows money from someone else. It works the same way as a traditional loan because unlike a scholarship, grant, or gift, you will be expected to pay the money back, on time, and with interest tacked on. You and the lender agree on how much will be paid back wit

Can They Really Be a Solution to Avoiding Credit Card Debt? When it comes to plastic, there are a lot of choices out there. Not only do you have the choice of credit card , debit card, or prepaid credit card, but you also get to decide which financial company you want to use as your card provider. Credit cards and debit cards are both risky. Credit cards can help put you deeper into debt, while debit cards give thieves and collectors access to your entire bank account. A growing number of people are finding that prepaid credit cards are becoming the best option. What Are Prepaid Credit Cards? Prepaid credit cards look and act just like a credit or debit card, except you put the money on the card before you make any purchases. You are only allowed to spend as much money as you have pre-loaded on the card, which means that you are not at risk of going into credit card debt from overspending. These cards also keep your money safe, because thieves will be limited to the amount that is on t

How overspending can ruin your financial life? With today’s expenses and their prices, it can be very hard not to overspend. Still, that isn’t an excuse to stray out of your budget. You know why? It is because overspending can only lead to more problems than you think. Overspending can affect your whole life. With all the possible consequences, it may jump from one problem to another. Unpaid bills All the excessive shopping with your credit card can cause steep bills at the end of the month. If you keep on using your credit but don’t have enough money to pay for it in the end, then you’re surely in for a huge financial disaster. This will turn out to be missed payments, and missed payments will ruin your credit report. Missing out on payments will get your credit report marked for 7 years or more. And you can’t get rid of them by finishing them off. Credit report Overspending can cause a chain reaction of events. Once you get your bills due to overspending, it’s possible for you to mi

How do I get a prepaid debit card? How do you access your paycheck, social security check, or other regular payments? If you're using a check cashing service, chances are you're paying high fees that are eating into the money you need to pay your bills. Bank accounts are often no better, with more and more banks piling fees on top of fees for checking and savings accounts. Many people that cannot set up a bank account because they have had consumer debt issues in the past turn to check cashing services at retailers because they believe it is their only alternative. The problem is that these merchants typically charge a 2% to 3% service charge. Assuming you receive a weekly paycheck of $400, this fee can add up to $624 every year! It may seem like a small fee each week, but clearly that fee adds up. Someone eligible to open a checking account may think that bank accounts are a better choice for check cashing. However, recent legislature limiting banks from charging for some ser

As an accountant or bookkeeper, your job is to manage and take care of other people’s taxes and money all day. That said, you also have to look after your own business’ finances and plan for your accounting firm's future. This could mean applying for business loans.   If you’re looking to obtain long-term loans, SBA loans, or any quick financing for your accounting business , here’s how you can get a hold of the money you need: 1. Figure out what type of business loan you need Start by examining what your specific business needs are. Are you looking to expand your office space? Invest in specialized technology? Maybe you’re looking for a financial cushion to ease the blow of slower seasons? By identifying exactly what you need capitol for – as well as the amount you need and when you  need it by – you can then make the most informed decision as to which loan solution makes the most sense to apply for. You should also think about whether or not you’ll need spending flexibility.  L

Handling your personal finances is something that might seem easy when you hear it but when putting it into practical application, you might not feel so. Such problems regarding management of personal finances occur mainly with changes in the economic condition of your life. If you are a college student and living on your own, then this sudden change of pattern of spending can put you into trouble. You may not understand how to economize initially and keep everything within your budget. Similarly, a change occurs when you start earning by yourself. After getting the money in hand you might be clueless about how much to spend where. Here are certain tips given that you can adopt in such cases to handle your personal finances: 1. Saving for emergencies:  One of the most important things to do is saving money for emergencies. You should save at least for a period of six months before depositing the amount in a bank account so that you have accumulated a considerable amount of money. You s