5 Random Money Saving Tips in California

Cut out expensive habits.

Do you like to drink, smoke, or gamble? Cool, me too. We should hang out sometime. Actually, we shouldn’t. We should both try to quit those expensive habits. Sure it’s fun to have vices, but vices can be expensive. Why not pick up some new, less expensive habits? For example, I cut out the drinking, smoking, and gambling. My only current vices are playing too much Scrabble and using historical quotes way too often in casual conversation. You can bet Churchill wasn’t talking about me when he said, “He has all the virtues I dislike and none of the vices I admire.”

Sell some stuff.

Just about everybody has some things of value lying around the house collecting dust. Why not sell these things (dust them off first) and make a little money. Your best bet would either be to put them up for auction on ebay or to have a garage sale. Both methods of selling items have their pros and cons, but I personally prefer ebay. With ebay, you can just lie about the condition of an item, or even the item itself and the buyer will have no idea. I once sold a man a sheet of paper with a stick figure on it for $10,000. I listed the item as a “rare Picasso sketch.” And that is why I now have a negative 753 ebay rating.

Stop driving so much.

We all know that cars are expensive to drive, so why not drive them less? Carpool as much as possible, use public transportation, or even walk places if it’s a viable option. Just stop using your car so much. (Note: this tip does not apply to NASCAR drivers, truck drivers, the guy who drives the Oscar Meyer Weinermobile, or anyone else who has a profession that is dependent on driving cars.)

Stop using your credit cards.

If you stop using your credit card, there’s no way that you can possibly spend money that you don’t have. If you have funds set aside for emergency purposes, you won’t have any use for a credit card. Hmm, I guess you could use them as coasters for really small drinks, but that’s about it. Try payday loans & personal loans in California.

Stay at home more often.

I’m not suggesting you become a recluse, but if you stay at home instead of going out all the time you’ll save a ton of money. You might think you need to go out to the bar or to a nice restaurant with your friends in order to enjoy a Saturday night. Wrong. I can’t tell you how many times I’ve enjoyed a perfectly lovely Saturday night alone by the fire, reading a novel by one of the Brontë sisters. Of course, when I’m finished I usually cry myself to sleep, but everything up to that point was enjoyable.…

Pros/Cons: 15 Year Mortgage vs. 30 Year

MortgageI know that there are a million different mortgage variations. The most popular is definitely the fixed mortgage.

The ultimate question is: Should I get a shorter term mortgage or a longer term? Here are some basic pros and cons with a shorter length mortgage (15 years) vs. a longer length mortgage (30 years).

Pros of a 30 year mortgage:

  • You have “up to” 30 years to pay off the mortgage. If you have the extra cash, you have the option to throw more money at it.
  • You have smaller monthly payments. You can use the extra money to feed your kids.

Cons of a 30 year mortgage:

  • You pay nearly twice as much interest compared to a 15 year mortgage.
  • It takes longer to pay off the mortgage.
  • It takes longer to build equity.

Pros of a 15 year mortgage:

  • You pay less interest over the life of the mortgage.
  • The mortgage ends quicker.
  • You build equity much faster.

Cons of a 15 year mortgage:

  • Your monthly payments are larger.
  • You have less time to pay off the mortgage.

Home Equity Loans and Taxes

Home Equity Loans and TaxesA few weeks ago, I did a post that covered some home equity loan basics. In that post, I listed one of the advantages of a home equity loan as “Payments are often tax-deductible.” That’s some really insightful information, huh?

How about some more detailed information, courtesy of Bankrate.com. Basically, interest paid on a home equity loan or home equity line of credit of up to $100,000 is tax-deductible. There are a couple exceptions, however.

So this stipulation only affects you if you have a loan-to-value (LTV) ratio of over 100%. For example, if your home is worth $100,000, you still owe $80,000 on your mortgage, and you have a home equity loan of $30,000, your LTV ratio will be 110% – ($80,000+$30,000)/$100,000. In that case, only interest paid on the first $20,000 of your home equity loan is tax deductible, since the other $10,000 is the portion of your loans that exceeds your home’s value.

One more exception – if you use your home equity loan for home improvements, you can deduct interest on up to $1 million in mortgage debt. In this case, it’s especially important to keep track of receipts so you can prove that your loan really was used to finance home improvements, and not just used to buy that diamond-encrusted cell phone you’ve always wanted.…

For those in debt, private loans are the easiest option

as you can count on not having your credit history checked at the Credit Information Office.
Bydgoszcz loans-popular offers

If you need quick cash, instant loans are at your disposal. Comparison site users Totalmoney.pl they are happy to take advantage of the following offers:


In this company a private loan from Bydgoszcz is offered from 200 PLN. The maximum amount that can be transferred is PLN 2,000 and the maximum repayment period is 30 days.


The company makes loans from £ 300. Your first loan will be free if you do not take more than £ 3,000. A maximum of 5,000 PLN can be obtained. The payment must be settled within 30 days.


The lowest amount offered is PLN 300. The first time you can apply for up to PLN 2,000. Further non-bank loans may amount to: PLN 2,500 – second loan, PLN 3,000 – third loan, PLN 4,000 – fourth loan, PLN 5,000 – fifth loan. PLN 5,000 is the maximum amount of the loan. The commitment must be paid off within 30 days.


It allows you to borrow even a small amount equal to PLN 100. The first commitment must not exceed PLN 3,000. The maximum offer is 7,500 PLN. The maximum repayment period shall be 61 days.

Small Loan

If you’re looking for a proof loan for an undisclosed amount, the offer is right for you. You will receive a loan starting from 200 PLN. The largest amount of money you can borrow is £ 2,000. The commitment should be settled within 30 days.
Loans Bydgoszcz – offers without BIK

Of the companies listed above, non-BIK loans are offered Lendon.pl and a small loan, but there are more options on the market:


It offers loans of a minimum of PLN 100 and a maximum of PLN 5,000. The minimum repayment period is 5 days and the final 50 days.

Ferratum Money

100 zlotys is the minimum amount you can receive. A commitment of up to PLN 2,000 is possible. The deadline for repayment is 30 days.


The minimum amount you can get is 300 PLN. The first loan up to £ 1,000 is free. You can apply for up to £ 8,000.

Loan Plus

The smallest amount of money you can get is £ 200. With the ninth loan you can get the maximum amount, which is PLN 8,000. The repayment period may not exceed 45 days.


Alegotówka is a cash loan from Bydgoszcz starting at PLN 500. The highest proposed amount is PLN 5,000. The maximum repayment period shall be 30 days.
Bydgoszcz loans-free offers

While loans with no BIK checking and up to PLN 1,000 with a 0% RRSPs are easily available, finding a free offer of at least PLN 3,000 is more difficult, but thanks to the comparison Totalmoney.pl you gain quick access to various proposals.…

What program did the organizers of the Congress foresee?

The financial intermediation Congress is a place for open discussion of the state and prospects of the sector’s development, discussion of business practices, as well as a platform for the exchange of best experience. This event is also an excellent opportunity for participants to consolidate existing or establish new business contacts.

The Congress brings together executives from financial advisory and brokerage firms, banks, insurance companies, and loan institutions.

The list of speakers at each edition of the Congress has always been very impressive. On September 30th representatives of Polish business, financial intermediation specialists and scientists will be present at the Marriott hotel. Events m.in. prof. Elżbieta Mączyńska – President of the Polish Economic Association, Sławomir Dudek – Chief Economist of employers of the Republic of Poland or Prof. dr hab.Waldemar Rogowski-chief analyst of BIK.

A major topic to be discussed during the Congress will be the functioning of the financial intermediation industry in the age of coronavirus. Speakers and participants will attempt to answer the question of how changes resulting from the threat of coronavirus epidemic have affected the entire sector. In addition, questions will be raised about a responsible approach to finance and legislative changes affecting the sector.
Who will receive the laurels?

The Congress will also present a special award-the Financial Intermediaries Laureus, which aims to highlight institutions offering financial products or services that ensure the highest quality of cooperation with financial intermediaries in their sales.

This financial intermediaries initiative aims to promote best practices in cooperation in the intermediary – financial institution relationship, and thus the companies and people who implement and disseminate them.

At this point, it should be stressed that all safety requirements regarding the Coronavirus outbreak will be maintained during the 6th Congress. The opportunity to participate in the meeting online has also been prepared for the participants – special networking rooms will be created for this purpose.…

What were BNP Paribas, Millennium and Santander Bank punished for?

The UOKiK punished three banks for not specifying the rules for setting the exchange rates by which loan instalments are converted. The criteria for setting currency spreads used by BNP Paribas, Millennium and Santander were unclear. According to UOKiK, the rules for setting exchange rates by banks should be precise, so that consumers can check that they are not paying too much to exchange money to repay a loan.

The sanctioned banks set exchange rates based on the average exchange rate in the interbank market, which was not defined anywhere. The source of the rate setting given by these institutions is not available to consumers.
Imprecise provisions in credit agreements

In addition to the lack of a precise indication of the source of exchange rates, BNP Paribas used in addition the value of the purchase Adjustment Factor (JCC) and the sales adjustment factor (JCS), which, in the opinion of the UOKiK, were too vague and imprecise.

There is a provision in Bank Millennium’s contracts informing consumers that the purchase and sale rate from the Foreign Exchange Rate table may deviate from the base rate by no more than 10%. At Santander, the rate could not deviate by more than 1 per cent. from a course seen by Reuters. BNP Paribas declined to comment. that the currency spread must not be more than 10 per cent. the average market exchange rate. It is because of such practices that many people choose to exchange their own currencies to repay their credit through online exchange bureaus such as Cinkciarz or currency exchange.

All of these records were imprecise, as none of the banks mentioned indicated how the buy-and-sell rate deviations were determined. Consumers should, in the opinion of the UOKiK, have the right to independently assess the reliability of the calculation of the exchange rate by the bank. In the case of these loan agreements, this was very difficult. In addition, institutions did not specify when and how many times a day they publish their exchange rate tables. As a result, consumers may have doubted whether the bank was imposing negative rates on them.
Fines for BNP Paribas, Millennium and Santander Bank Poland

For these practices, the president of UOKiK Tomasz Chróstny imposed the following penalties:

BNP Paribas – £ 26,625,686
Millennium Bank – £ 10,464,213
Santander Bank Polska-PLN 23,634,055

In addition to financial penalties, banks are to notify their customers of the authority’s decision. The unauthorised provisions of the agreements are now non-binding and should be treated as if they are not at all. Consumers can claim as a result of the decision. The decision is not final, meaning banks can appeal it to the court.

These are not the first penalties of their kind. Deutsche Bank Polsk and Getin Noble Bank have already been fined in similar cases. Raiffeisen Bank International, PKO BP, BPH and Pekao SA are also under investigation.…