Archive for the ‘Budgeting’ Category

Oh Oh Oh Oh Oh .. The Right Stuff!

Tuesday, August 31st, 2010

 Its time to go back to school yet again! And there’s so much to do to prepare for the big day! For many, it’s going to be a first step into the unknown and being the “New Kid on the Block”.  I’ll assume it’s your first year of college.

With so many things to prepare for, there’s a common question on many College Freshmen minds this time of year. With so many different laptops to choose from, how does one know which computer is the right one for them?

Well, that’s a great question.  It’s not really about getting the best laptop as there really isn’t a “best” one out there. It all depends on what you need from the laptop that becomes the best one for you.

 Now, let’s take a look at some familiar laptop characteristic/performance battles “Step by Step” and see if you can decide which one is the best one for you.

1.)Super-Size Screen vs. Standard Screen

Larger screens make for easier reading and viewing when it comes to a laptop, that’s a given. However, it’s not always necessary. Keep in mind that the bigger the screen, the higher the price of the laptop and the heavier it can be to tote around. Suggestion: If you have decent vision and really just need your laptop for writing papers, researching things on the web and the once-in-a-while, (let’s be real here, every other minute) Facebook status updating, a smaller screen will suffice. If your major is somewhere in the visual arts area, a larger screen may be necessary for better visual quality.

2.)Fast vs. Faster (processor size)

Most freshmen college laptop users will never push their computer’s processors to the max. So my advice would be to save money and not get the highest processor known to mankind. Unless your major is in video game design , software development, or computer-dependent majors relative to those,  I’d say stick with a processor that’s just suitable enough to get the job done.

3.) Battery Life

About two hours of time is the deciding factor on this one.  If you think you are apt to use a laptop for more than two hours without a wall outlet nearby to recharge on a regular basis, then investing in a laptop with a larger capacity battery is the way to go. But keep in mind that longer-lasting batteries can be a bit more costly.

4.) The Weight Debate

Shedding pounds on a laptop can be another costly move.  Less is definitely more in this debate.  If you can manage to tote around the extra weight of a laptop, you’ll be happy to feel the extra weight from the leftover cash sitting in your pocket, too.

 Hopefully this helps some of you with trying to figure out what kind of laptop you are looking for characteristic/performance-wise for your freshmen year. As far as computer brands go, search for one that meets most of your performance needs mentioned above first, and see what brands comply with those.

*The buzz around town is that:

A Dell or HP laptop is good for a college student who plans to write many papers and do research and web surfing. (English, History, Education, Accounting majors, etc.)

An Apple (Mac) laptop would be best for a student that is majoring in visual arts. (Graphic Design, Website Design, Videography, Music Engineering, etc.) This student will need this more expensive laptop for editing purposes and a Mac is the way to go!

Alienware laptops are for the extreme- gamer college student. They usually come with the best visual graphics cards and highest processors to get those games loaded and/or developed :)

**These are just some views on what I’ve heard works best by talking to  friends that were in various majors during their college experience.  Hopefully this will help guide you to discover the best computer for you!**

Bankruptcy and Credit

Friday, August 20th, 2010

I am currently a loan processor, and in my position I get many questions from people I know asking what to do when they are in too deep.  They want to file bankruptcy, but then what will they do?  They think they will not be able to get any loans and they worry they will need the credit.  

This is only half true.  Banks tend to turn people away based on their credit score alone so, if you claim bankruptcy, many banks will not want to help you.  Many Credit Unions will still lend to those that have claimed bankruptcy.  So first lets start with a little background information on credit unions:

Credit Unions are non profit.  This means that they do not make any profit for themselves, and instead give all profits back to the members in the form of lower interest rates on loans and higher interest rates on accounts.  Credit unions care about their members, and do not base whether or not to help the member on the credit score alone.  They realize that bad things happen to good people and want to fully understand the situation in order to make a more informed decision. 

Though bankruptcy is never a good option, sometimes it is the only option.  If you have filed BK like so many others right now start by off obtaining a pledged visa or share secured loan.  The pledged visa is where you give the credit union the dollar amount of the limit you want, plus one hundred dollars, and put it on hold in a savings in your own name.  For instance, if Kelly is coming in to get a pledge visa with a 300 dollar limit she would put 400 dollars into a savings account and the credit union would give her a visa. This lowers the risk for the credit union but allows her to increase her credit!!  

The share secured loan works the  same way only minus the extra 100 dollars. In this instance if Kelly wanted a 300 dollar share secured loan she would put 300 in an account for her while she paid down the loan. 

Both of these options will help you to bring up your credit score to prove to your credit union that you want to pay them.  By doing loans and visas like these you are building a great relationship with your credit union and will be able to obtain more loans and a visa without the money pledged in the future.

So the moral of the story:  Go to credit unions first because they care.  They care about your situation, and they care about what happens to you.