Bank finance articles and tips

With the economy going through a major slowdown there are many consumers that are forced to make some tough financial decisions. The amount of interest that people pay in their credit card debts has remained nearly 20% and in some cases more while the central banks have lowered the prime lending rate to historic lows. Since the banks are able to borrow money so cheaply it does not make sense why they are charging their clients so much interest....

If you have ever had any business success training, you may have heard a ton of talk about passion when choosing your career or business. You may also wonder why passion is important. Sure, it's nice to enjoy what you do, but how does passion for what you're doing result in overall success?....

Today, made in America products are few and far between. It is estimated that nine out of ten items sold in the United States were made here in the 1960s. Currently, more than half are foreign-made. How does this impact our country?

World News with Diane Sawyer, on ABC Television has been following this issue over the past few months. People are being encouraged to make a commitment to buy made in America products, when possible. It is reported that the Christmas gift spending for an average family is $700.00. It is estimated that if $64.00 of the $700.00 is spent on something made in America, 200,000 jobs will be created. People are being challenged to be "In". That is, committed to spending the $64.00 on made in America products, instead of foreign-made ones...

SBI has decided to waive Pre-payment charges on home loans to both Floating and Fixed rates, for old and new home loan customers. With this decision, SBI is the only bank which does not charge any fee from pre payment their home loans or before end of the loan term.

The trend of purchasing a car under a novated lease arrangement is rapidly increasingly across Australia. A novated lease is an agreement between an employee, his or her employer and a car finance company. This type of agreement is generally beneficial to all the related parties.

So, how does a novated lease work? Simply put, a novated lease allows a company to provide an employee with a vehicle which incorporates the lease repayments as part of the employee's total remuneration package. In doing so, the company can satisfy their tool of trade fleet requirements as well as providing greater flexibility and incentives for their employees....

Does the media have any influence on the economy? The media has influence, good or bad, on the economy. I am not stating that it is the only thing driving the forces of the economy, but if you think about all of the bad news that has been out about how little people are spending, layoffs, a downed economy, and other variables; it does have some influence on what people do.