Understandably, you think about pricing products based on your competition. The theory is that a lower price will drive more customers to your doors. However, such an approach ignores the need to harness value, the need to cover business expenses, and the efficiency of your business. By knowing how to calculate gross margin, you can […]
How to Calculate Compound Annual Growth Rate (CAGR)
Growth connotes progress, improvement and achievement. Measuring the increase of things, ranging from investment portfolios to populations, constitutes an essential part of many professions and trades. One such barometer of growth is the compound annual growth rate, or CAGR. Those who decide on business ventures, investments and public policy need to know how to calculate […]
How to Refinance a Car Loan
As a car owner, you can relate to a situation where you are halfway through paying off your car loan, but you realize things would have been better if you had a more favorable interest rate. In some cases, it could be one of those auto loans with bad warranties and unnecessary fees. While many […]
How to Calculate Net Present Value
The money you have now is said to be more valuable than the same amount of money you expect later. Why is this so? If you have a certain amount of money presently, you can use it to buy something now that you could sell later at a profit. You can use the net present […]
How to Apply for FAFSA
Learning how to apply for FAFSA may result in your out of pocket college costs being very different than your college’s advertised tuition. Even if you already know how to apply for FAFSA, read on to get a better understanding of federal financial aid and maximizing your financial aid awards. Understanding FAFSA The cost of […]
How to Get a Small Business Loan
One of the major challenges that many small businesses have to grapple with is getting a business loan because of the tightened lending terms by financial institutions. No matter how hard it maybe to get approved for a small business loan, outside financing is crucial to growing or keeping the business afloat. This article will […]
How to Refinance Mortgage
You may have heard friends and neighbors talk about the great benefits associated with refinancing their home mortgage. For example, some may have pulled thousands of dollars of equity out of their home to pay off credit card debt. Others may have lowered their monthly mortgage payment substantially or shortened their term. If you are […]
How to Apply for a Payday Loan
There are many people today who need financing for various reasons in their life. One of the fastest ways to get the money you need is a payday loan. This type of financing has a lot of advantages to other forms of financing. Not only is it fast, but it is also something that gives […]
How to Apply for an Overdraft
Some people keep hundreds or thousands of dollars in the checking account at all times to avoid falling below a zero balance with unplanned purchases. However, many other people hover close to the breakeven point. And this means that the smallest financial error can result in your account being overdrawn. When your account is overdrawn, […]
How to Apply for an Installment Loan
As much as we all enjoy paying cash for everything and remaining debt free, it’s not always possible. An installment loan makes it possible to have the things you want or need without having to come up with a large amount of cash. Learn everything you need to know about installment loans as well as […]