Category Wealth Management

Benefits Of Offshore Investing and Savings

Offshore banks have a reputation for great wealth building opportunities. An international bank offers financial services, lending opportunities and payment accounts for individuals or companies. International banks have their own rules and policies on how they do business. They also tend to offer their services to wealthy people.




International Banking Benefits

Most companies use international banking services to help facilitate their offshore markets. Individuals and companies also use international banks for tax reasons. Some individuals and companies want to invest in a domestic corporation or possibly a real estate venture. Some wealthy individuals keep their money offshore to protect it from lawsuits. If you are interested in setting up an international account, then go to




How to Manage Offshore Investments

There are software programs that offer help with cash management issues such as offshore investing. You can also find attorneys who specialize in offshore investments for individuals and businesses. The main benefit for offshore investments include tax planning and protecting assets. Spread out your investment portfolio for best results. You should be able to have access to your investments from a wide range of markets. All investments require a certain amount of risk. Seek professional advice if you are confused or unsure where to invest.


Software programs help with cash management


Money Management Tips

A budget is a financial tool that keeps you aware of your spending and saving habits. You should establish a budget that is realistic for you and your family. If you have poor credit, you can recover by following a few guidelines. The first step is to take control of your spending habits. Manage your credit card debt until all balances are paid off each month. Credit cards offer a wide variety of benefits that can save you money. Set a goal to pay your credit card balance off each month. Pay all of your bills on time to improve your credit score.


Avoid common budgeting mistakes by not accounting for every small expense. These expenses build up and make you wonder where spent your money. It is also easy to underestimate the amount of money you need for home repairs and maintenance. Savings should be a high priority in any budget. A good budget will help you avoid wasting money on common expense categories such as household items, entertainment and food.


If you are beginner to setting up a budget, start by listing all of your expenses. These include fixed expenses such as mortgage payments, student homes and car insurance. Monitor your budget on a daily basis to ensure you meet your financial goals. It is easy to forget about your budget and spend a lot of money.

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Set aside only 30 percent of your finances for housing. Another 30 percent should be allocated for transportation and food. The rest of the money should go towards savings and discretionary spending. It takes a little time to get used to living on a budget, but the results are worth it. Do not forget to allocate some of your savings for investing purposes.

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Establishing New Credit With a Credit Card

Establishing credit is essential for a healthy financial profile and can help you to buy a home, car or business. If you are a first time credit card holder, you may be wondering how you can enjoy the best use of your new card. There are a few tips that will help you to manage your credit wisely and avoid credit challenges.


Start Small

If you have never had credit or are re-establishing your credit profile, start small. Go for a card with a low or moderate limit and pay off the balance each month in order to maintain a positive score. Keep your usage of your card low, and avoid maxing the card out each month. By paying your credit card off on time and maintaining a positive profile, you will maximize your buying power down the line.


Get Rewarded

Many credit cards offer rewards points for your every day purchases. This can earn you free travel, discounts and cash back. Find out if your credit card offers rewards points. There are several UOB credit cards that will give you points back every time you make a purchase, so use these cards and enjoy rewards for the things you do every day.


Cash Back UOB Credit Cards




Once you have established a positive credit relationship with your credit card company, upgrade by asking for a credit limit increase. This will show the lender that you are responsible with your credit and can manage larger amounts. Your credit card lender will often increase your credit limit after six months to a year of on-time payments. Sometimes they will increase your limit automatically. If they don’t, simply call your card issuer and ask.


Take Advantage of Perks

Many credit cards offer perks like extended warranties on appliances, added insurance on rental cards and discounts on travel. Find out if your card offers these perks and take advantage of them for added savings. Most cards have relationships with travel partners and other retailers and will offer added perks like upgrades on hotel rooms, rental cars and airport transportation. You can also get free travel protection on some credit cards which will protect you in the case of an emergency while you are away.

Establishing credit is the best way to secure your financial future and enjoy increased spending power throughout life. By getting a credit card and using it wisely, you will be well on your way to financial success.


Your Credit Card Friend Or Foe

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