What Does ‘Transferable Letter of Credit’ Mean?

A transferable letter of credit is an essential tool in business used to facilitate payments to the manufacturer or supplier. According to financial experts, it is a substitute for a confirmed letter of credit or advanced payments. It can also be defined as a letter of credit that allows the initial beneficiary to transfer part or all of the credit to another person. This forms the secondary beneficiary. Furthermore, the person that first accepts the Read More

How to Create Holiday Magic in a Frugal Way

Christmas is a special and magical time of year that provides everyone with the excuse and opportunity to catch up with their loved ones. However, the festive season also brings with it a lot of financial worry and pressure, which can be difficult if money is a little tight. Christmas seems to get bigger every year, and now the average American spends around $600 on the festive season.  However, with Christmas fast approaching, it is Read More

Family Finances in the Open: What to Tell Your Kids & How Alamo Associates Can Help

If you’re a parent who’s experiencing debt problems, you may be wondering what, if anything, to tell your kids. Some parents feel it’s best to hide money troubles. That plan rarely pans out, because kids tend to be very good at picking up on unspoken clues. In the interest of careful disclosure and family honesty, we are pleased to present a few ways you can talk to your kids about debt. What kids don’t need Read More

What Are the Best Discounts Available for Car Insurance?

Car insurance is one of those expenses that leave most drivers confused and frustrated. If you’ve ever wondered “why is my premium so high?” or “how can I lower the cost of my insurance?” then you’ve come to the right place! While many things factor into the cost of your car insurance, you’ll still want to find a way to make it cheaper. Car insurance companies don’t operate to offer you great coverage at a Read More

8 Ways To Discover The Best NRE Savings Account For You

Every year a large number of the population is moving abroad for educational and employment reasons. As an NRI, you need to make your financial decisions wisely. Because it is not easy to maintain two different accounts in two different countries. To get the flexibility of depositing funds in foreign currency and withdrawing in your home currency, one must opt for an NRE account. Just like any other savings, the terms and benefits of an Read More

Finance Solutions: Simple Ways To Cut Your Monthly Expenses

When it comes to fixed payments and monthly bills, our spending becomes easy enough to keep track of because these are things we can plan and develop a budget for. But everyone at some point meets some hidden expenses that they don’t know about or can’t see. Many things can knock off our budgets, such as high energy costs or hidden bank fees or something as simple as a magazine subscription. What many people don’t Read More

Supporting Your Family Financially After Leaving The Military

Leaving the military can fill you with both excitement and anxiety for what may lie ahead; swapping your military lifestyle for life in suburbia gives you a chance to make up for lost time with your family, but also means you now have to find new ways to finance your family’s lifestyle. Nowadays though, there are plenty of ways for veterans to put their existing skills into practice, meaning it is easier than it ever Read More

Keeping Your Family Safe on a Budget

It’s estimated that there are over 1.4 million burglaries in the United States every year. This happens to homes in all types of neighborhoods, including those that are gated or known as “safe”. With this in mind, it’s important for each family to make home protection a priority.  While this may seem difficult if you’re on a budget, there are solutions that can help keep your home safe without the need to overspend. Some of Read More

Top Ways to Reduce Your Electricity Bill

Do you feel like your electricity bill has been out of control lately? Or, maybe you just wish part of your electric bill could go towards other things you’d rather spend money on? While we can’t avoid paying our electric bills, we can control how much we end up paying each month.  Believe it or not, there are plenty of simple things you can do to lower your electric bill each month. Check out this Read More

Teens and Credit Cards: Tips to Find the Best Credit Card for Your Teenager

It was only the other day when your kids used to look in awe at the shiny cards on your wallet and ask you what they were meant for. You may have given them different answers depending on their age and they just moved on to another question.  But hey! Now they are all grown up and you are wondering when the right time to talk about credit cards. For any smart parents, you should Read More

Exciting Business Ideas for Boss Moms to Consider

Starting a business is something many moms want to achieve. It’s the American dream. However, one issue that stops some people from starting a business is coming up with a good idea. Fortunately for readers, we’ve taken some time to compile a list of good business ideas. These options are not only in-demand, they’re interesting and engaging. The following are a few exciting ideas for boss moms to consider: Focus on Fitness More people are Read More

Holiday Party Planning on a Budget

Looking to throw an amazing holiday party but don’t have a lot of cash? That’s not as big a problem as you might think. Follow this guide to throw a successful low-budget party this holiday season. Throw Your Party at Home When planning a great party, you might be tempted to rent out a crazy cool venue to impress your guests. If you’re on a budget, though, this is a terrible idea. A party can Read More