Monthly Archives: September 2018

How Can You Reduce The Risk Of Credit Card Theft

Have you ever faced a problem of a sudden reduction in your credit balance from account unknowingly? How you ever thought of about when it happened and who did it? The cases of illegal access to credit cards and bank account are increasing time after time. People are aware of protecting self passwords and account details but sometimes full proof protection too cannot stop hackers to break the account and use others money. Credit card identity theft is increasing and people find out all possible ways to avoid it.

Criminals or thieves hack the personal accounts and access through personal data to commit credit card identity theft. Experts don”t require any special efforts to enter in to the credit card details. Unfortunately people have to face the problems occurred from identity theft and account hacking.

Criminal use of credit cards

Criminal use of credit card accounts and using others cash has gone out of limits in the world of theft. Credit companies do really care about clients and personal data protection. Care is taken by all credit companies to provide all account information, credit card details, and terms of use. Apart from this, companies explain you all related technicalities and means of protection. If in case you are a victim of identity theft or illegal access by someone, you need to contact the credit company to discuss all about loss of balance and steps to take necessary actions.

Frauds can be regarding new accounts or old accounts taken over. Credit card holder”s liability is limited by the federal law to $50 if it”s a case of credit card identity fraud. This is applicable up to card holder disputes all charges in sixty days.

Avoiding credit card identity theft

The basic thing to do to avoid credit card identity theft is to protect the password and id from others. Keep checking the account balance from time to time to assure weather it is same as before. Avoid being a victim of identity theft by firstly providing full proof information to Credit Card Company. Sometimes some person may ring you and suggest you to apply for a new plan associated with prize or some scheme.

If you find the person unknown just try to ignore the offer. At the time of travel make sure to have your personal mail held at local office. If for any business transaction you need to transfer credit card details to other person make sure it is done in some private place and not on public booth.

While checking all details it is essential to receive monthly financial statements of credit card account, list of all transactions taken place through credit card for the month, and amount for the same. If such details are not at your desk at the end of the month from the credit company it”s your responsibility to call the company and ask about it. Checking for unauthorized access to data needs to be done to avoid any kind of reduction in balance. You yourself can avoid any kind of credit card identity theft.

Corporate Finance And Loan Structuring To Achieve Your Business Objectives

Corporate Finance is a specialist area. We provide a whole host of funding services for MBI, MBO, Venture Finance and equity funding. Corporate Finance Loan Structuring involves looking at a whole host of factors and projections to leverage the maximum benefit. At Oxford Funding, our experts help you do exactly that.

Oxford Funding offers corporate finance for various purposes. One of the major areas where the demand for funding is growing is in the area of MBOs and MBIs. Our corporate finance loan structuring schemes let us fund your MBI or Management “Buy In” which allows you to acquire a company that you will run with your new management team.

If you want to buy the business in which you work, opt for an MBO which refers to the “Buy Out” or the acquisition of a company by your existing management team. You’ll find our flexible and efficient corporate finance loan structuring schemes can be tailored to your circumstances.

Call our specialist brokers in these packages, Glin or Peter on 01242 226662.

Our c orporate finance loan structuring plans allow you to take out unsecured loans too. These are useful when you need to raise finance urgently for expansion or any other purpose.

Our Corporate Finance plans help you raise the equity funding that you need to help your company grow or take advantage of the opportunities that may arise unexpectedly. When you pursue this option, you sell a partial interest or ownership in your company to your equity investors and raise the funds you need. In return, you will share some of your profit with them. Our Corporate Finance Loan Structuring helps you get the best arrangement.

Another important service we offer is helping you raise venture capital to expand the successful business . Using our corporate finance loan structuring plans can help you to access funds quickly and efficiently.

Our corporate finance loan plans look at some innovative out-of-the-box methods of corporate finance loan structuring too. Conventionally, b usinesses can borrow up to an acceptable level of gearing. However, once they reach that point of being fully borrowed’, they cannot borrow further unless equity or unsecured funds are introduced to bring the gearing level down. We arrange these funds by looking for assets outside of the company to use as security. These can include owner/directors’ homes, savings and personal assets. We also use government guaranteed loan schemes and unsecured bank loans.

Enjoy the advantages of our corporate finance loan structuring plans by discussing your needs today. Call us n 01242 226662.
Specialist Corporate Finance Loan Structuring

Choosing A Credit Card Carefully

What do you think of when you hear the word credit? If you start to shake or cower in fear because of a bad experience, then this article is perfect for you. It contains many tips related to credit cards, and can help you to break yourself of that fear!

Always report any fraudulent charges that you notice on your cards as soon as possible. By doing this, you can help your card company catch the thief who is making these unauthorized charges. This will also allow you to be sure that you aren’t responsible for the charges they made. Any charges that you did not make need to be reported to your company with a phone call or a high priority email.

In order to maintain a solid score, always pay your balances by the due date. Paying late can rack up expensive fees, and hurt your score. Setting up an automatic payment schedule with your card company or bank can save you time and money.

In order to keep a good rating, be sure to pay your bills on time. Avoid interest charges by picking a card that has a grace period. Then you can pay the entire balance that is due each month. If you cannot pay the full amount, pick a card that has the lowest interest rate available.

If you have any cards that you have not used in the past six months, then it would probably be a good idea to close out those accounts. If a thief gets his hands on them, you may not notice for a while, because you are not likely to go looking at the balance to those cards.

When signing card receipts in stores, don’t leave blank spaces. If the receipt includes a tip line and you aren’t leaving a tip, draw a line in the tip space. If you do not you take the chance of an employee writing in an amount themselves. When your monthly statement arrives, compare the charges with your receipts to ensure that everything matches.

Be aware that there are credit card scams out there as well. Many of those predatory companies prey on people that have less than stellar credit. Some fraudulent companies for example will offer credit cards for a fee. When you send in the money, they send you applications to fill out instead of a new credit card.

Don’t open too many credit card accounts. A single person only needs two or three in his or her name, in order to get a good credit established. More credit cards than this, could actually do more damage than good to your score. Also, having multiple accounts is harder to keep track of and harder to remember to pay on time.

Make sure you save your statements. Before you file them away, pay close attention to what is on them as well. If you see a charge that shouldn’t be on there, dispute the charge. All credit card companies have dispute procedures in place to assist you with fraudulent charges that may occur.

If you pay your credit card bill with a check each month, make sure you send that check out as soon as you get your bill so that you avoid any finance charges or late payment fees. This is good practice and will help you create a good payment history too.

It is easy to underestimate how much you owe on your credit card if you use it frequently at restaurants and grocery stores. This is because those charges can take longer to appear on your credit card statement, and so you think you have spent less than you actually have. This can lead to you spending more money since you will have the perception that your balance is actually lower than it is.

Never transfer your credit card numbers via a fax. Faxes are sometimes not picked up as soon as they are received, which gives many people ample opportunity to get at the information. Any random person with access to these areas could steal your identity. This will create a ton of problems.

Be careful when you are signing up with secured credit card companies because a lot of them charge high fees in exchange for issuing you a card. If you have to get this type of card, then you should shop around to make sure that you are paying the lowest fees.

Check with your credit card company to see if they will reduce the annual percentage rate on your card, particularly if you have solid credit. In many cases, they’ll be more than willing to oblige. Any reduction in interest rate can really add up to huge savings for you in the long run.

How do you feel now? Are you still scared? If so, it is time to continue your credit education. If that fear has passed, pat yourself on the back. You have educated and prepared yourself in a responsible manner.

Hide Money Offshore With An Offshore Bank Account And Offshore Debit Card

The times are now very rough as the dreaded global financial crisis continues its rampage over all economies of the world. The blow against the financial industries was hard and thousands of companies have already been run out of business, especially banks and other financial institutions. The declining number of earning businesses caused great decline in federal revenue, at the same time causing great increase in federal expenses due to subsidies for those forced out of their jobs and incurrence of grave losses for the insurances of the depositors of bankrupt financial intuitions.

People are in panic as they are running out of options to keep their money safe, as even cash in bank is under threat of being frozen. As the banking industry seems to be crumbling, banks have been granted more power over the deposits, allowing them to freeze bank accounts easier than before. If your bank account has been frozen, it means you are not allowed to withdraw or use the funds deposited in it. It is like having cash you cannot spend, or simply not having a bank account at all. Depositors are engulfed in anxiety knowing that their money isnt safe anywhere in their motherland.

The solution to securely keeping money is quite simple. If it is not safe to keep your money in your home country, keep it somewhere else, keep it offshore. Yes, become an offshore depositor and establish an offshore bank account at an offshore bank. Offshore bank accounts under Panama laws are under strict protection and cannot, in any way or any reason be looked up by the offshore depositors home government, thus making them absolutely freeze proof. Offshore bank accounts also facilitate hiding money from ones government, therefore evading taxes.

The main issue in hiding money offshore is the cost and length of time associated with the traditional fund transfers. This problem though, is also easy to solve. Just choose an offshore bank that also offers offshore debit cards or has an affiliate company that provides these cards. Offshore debit cards are like keys that can be used to check the balance of the cardholders related offshore bank account, and withdraw cash from the said account via any ATM outlet around the world. Offshore debit cards are safer than carrying cash and more convenient than using personal checks.

Offshore debit cards may also be used to make purchases, the same way credit cards are used. In fact, offshore debit cards are quite better than credit cards. Credit cards allow the holder to spend money he does not have at the moment, in other words, the credit card company will pay for his purchases, and he will pay the company at a later date, with interests of course. Offshore debit cards on the other hand allow the holder to spend up to an amount limited to the balance of his offshore bank account. Offshore debit cards also do not charge hefty monthly and annual charges or high interest rates.

Other high quality offshore debit cards even offer SIM cards with their offshore debit cards. The SIM card functions as an extension of the offshore debit card in the sense that it allows tracking of the offshore bank account through the offshore depositors mobile phone. There are also those that allow you to make calls directly charged to your offshore bank account, usually at significantly lower costs.

Get the 2-GetCash offshore debit card now that comes with a virtual private offshore bank account and a SIM card. The SIM card not only offers 400 free call minutes but also allows access to your very own voice over internet protocol account that allows international calls at very low prices.

Advantages Of Mezzanine Finance

In development finance UK, a 100% development finance can sometimes be completed through mezzanine funding. While mezzanine funding has been a useful tool to complete funds for the project, its popularity have just increased in the recent years. Today, mezzanine funding has been widely used compared to other development finance UK such as equity finance, senior debt and high-yield bond.

Mezzanine finance has been more appealing to investors and entrepreneurs alike and they are mostly used to sustain both the residential and commercial development finance. Being subordinated to senior debt, mezzanine finance companies can disregard the breaching of their senior debt leverage for substantial investment, which results to command a lower cost of borrowing.

For entrepreneurs, the main attraction to mezzanine finance is that it requires less equity investment from equity investors. This means that they can retain more ownership in their business and thus more management control.

For investors, the main attraction for mezzanine finance is the recurrent interest income and the potential upside in the equity kicker. Mezzanine finance becomes even better after the various high profile defaults in the high yield bond sector and some melting returns from private equity investments. In effect, developers needing 100% development finance can rely on the advantages of mezzanine funding for their needed residential and commercial development.

Advice On How To Use A Credit Card

The credit card is really a fantastic concept. However if it is not used properly it can simply bring financial ruin. By not using it properly you could end up in the unpleasant situation of paying every month interest. The credit cards in our days can be very helpful accessories since you won’t need to deal any longer with cash. When utilized correctly they could supply you with a lot of excellent benefits such as air miles or credit toward future purchases.

The most crucial element is to never think about the credit line of the credit card as extra cash which may be spent whenever you want on various stuff. Once you’ve acquired some thing make sure that every month you pay promptly the financial obligations. Also never get to many credit cards since when having a lot you’re tempted to acquire all kind of necessary and expensive things. Whenever you consider signing up for such electronic devices do not ever pick the firms which have substantial charge for late fees or charge membership fee. The main reason why is extremely important to use appropriately a credit card is really because you’ll never be in the tough situation of getting a bad credit. Any time reaching this particular stage there are numerous things that can be performed but the most effective is the process of repair bad credit. When making daily buys utilize cash or the debit card and not the credit card. This are some essential aspects that really have to be considered mainly because by using this electronic device for every day buys you can achieve the phase where you see it as a substitute for cash. This in many of the situations can lead to debt.

When paying your monthly obligations don’t get into the habit of making just minimum payments. This will just increase the period of time to pay the debt. Also avoid using your credit card to get stuff that you can’t afford and don’t close up one without knowing how your credit will be influenced. If you will consider all of these factors you’ll definitely not finish up in the position in which you need to repair bad credit. Surely that the credit card in our days is a very useful accessory. However , you have to don’t forget that in order to take advantage of all of the benefits you need to use it in the most appropriate way.

Find out how to get a good credit score by visiting this great website on repair bad credit.

Why Would Someone Steal Another’s Identity

Identity Theft can happen to anyone. You or the people you know such as a friend, family member, even a neighbor it can happen to anyone even people who you’ve never met before. Scary isn’t it? But it’s the truth that it can happen anytime anywhere and most of the time you won’t even know it until the effects start kicking in.

Why in the world would anyone want to steal another person’s identity? What in the world do you think was going through their heads when they stole another person’s identity? The most common answer is money. To most people who live in the darker side of life, money is what makes the world go round. With money you have power and with power you can do anything with that power.

But how can stealing someone else’s identity can bring another person to power? Easy, they use that information to create a fake identity and use it at their leisure. From creating false bank accounts, credit accounts and other accounts where money is heavily involved can be used with someone else’s identity.

The most common account where identity theft is involved is the use of another person’s credit card. Millions of dollars have been lost by someone else using another person’s credit card. You heard that right. Millions of dollars with the capital letter M. But how is that possible you ask? It’s quite simple actually. Because many people are too slow to report their credit card stolen that it’s impossible for them to know that someone else used their credit card to buy something without their consent.

But what about all the security you ask? That again is a simple question to be answered. The security is quite primitive. The only way to prevent someone else from using your lost or stolen credit card is to report it missing immediately. If you don’t you are responsible for what items that were charged on your card. It can be something petty as a few dollars to something extremely expensive that you have no possibility of paying off resulting you in financial debt.

Back to the security issue the only security that a credit card might have is the signature. But think about it carefully. Who the hell is actually making sure that whoever is signing for that card is the real you? No one is actually. Not a single person. Instead anyone can sign the piece of paper and get away with it because it’s just a simple signature. It may be bounded by law that if you sign it you are being held responsible. But the person is already stealing your identity what is another crime or to added to that? It’s practically nothing to them.

So what can I do to prevent from getting my credit card stolen or what do I do when it does get stolen. One to prevent your card from getting stolen is to get one with a picture of yourself on it. Though it’s not the best method it can help a person quite a bit because for the most part the person that will be taking care of the transaction will notice that the person using the card is not the same person who the card belongs to. Another method is to not carry a credit card around with you or don’t carry multiple credit cards with you because they can all be stolen. But if you do happen to lose or get your card stolen by someone, report it immediately as mentioned before or you will suffer the consequences.

Aims (uk) Offer Online Mba In Islamic Banking And Finance

Considering the growing demand of proficient professionals and experts for Islamic Finance Industry, Academy for International Modern Studies or AIMS launched an internationally accredited Online MBA Degree in Islamic Banking and Finance. The objective of this MBA program is to produce highly competent executives, who are well qualified and practiced, not only with the Islamic Banking and Finance subjects; but also other professional areas, required for the successful business administration and management. The MBA program comprise of 12 graduate courses and a Thesis in Islamic Finance. There are total 36 credit hours are awarded on the completion of this MBA program. This degree program is ideal for (i) Professionals seeking career enhancement, (ii) Bankers seeking career growth, and (iii) Students looking for a bright future in fastest growing financial sector.

This Online MBA in Islamic Banking and Finance Degree is affiliated with Pebble Hills University, which is fully accredited by the International Commission for Higher Education. This institution provides professional quality control mechanism for Colleges and Universities’ standards. Their Accreditation gives a public record of your learning that will be widely accepted by employers, professional associations, by other colleges and universities, and recognized internationally. AIMS and Pebble Hills University has International Offices in many countries, including: United States of America, Canada, United Kingdom, South Africa, Kuwait, Lebanon, Qatar, Saudi Arabia, Syria, United Arab Emirates, Hong Kong, India, Malaysia, China, Singapore, Egypt, Pakistan, Argentina, Iran, Jordan, Bangladesh, Nepal, Jamaica, Ghana, Kenya, Malawi, Mauritius, Morocco and Nigeria.

Muslims worldwide are directed to avoid certain types of banking products and investments due to the involvement of Riba/Interest and they are more interested in dealing with Islamic Banks for Riba-free banking products. The demands of Islamic banking and Islamic insurance products have been increased in past few years and these products and services are being introduced by well-known financial institutions. In addition to that, large numbers of new Islamic financial institutions are being introduced internationally, who requires qualified human resources for the proper execution of Islamic Financial system, within their organizations.

Academy for International Modern Studies (AIMS) is an Islamic Banking and Finance institution, based in Chatham, United Kingdom. AIMS’ main objective is to facilitate individuals to become expert Islamic finance professionals and companies to establish better Islamic financial system. AIMS has made a significant contribution in Islamic Finance Industry. Over the years it has maintained a purposeful mission of promoting industry professionalism and best practices in Islamic Banking and Finance industry through research, consultancy, product development, corporate trainings, seminars, workshops and publications. AIMS also offers several online certifications in Islamic Finance, Islamic Banking and Islamic Insurance.

Educational programs at AIMS are designed and facilitated by renowned Islamic Banking and Insurance Sharia Advisors and Product Development Managers. These scholars are working in renowned Islamic Financial Institutions. Study material is updated on regular basis to make sure that the graduates are well trained in implementing and managing Islamic Financial products and services. The updated study material prepares graduates to work with the most upto date products and services in Islamic Banking and Finance sector. AIMS Degree and Certification is globally acceptable, which makes it possible for our graduates to easily find better job opportunities internationally.

How To Fix Your Credit – Fight To Fix Your Reputation

If your recent loan application was unsuccessful thanks to a poor credit score then you need to figure out how to fix your credit.

Your three digit FICO rating can greatly determine whether your application for a mortgage or an auto loan will be approved as well as the interest rate that will be chareged for your loan.

However, the significance of your credit score goes beyond simply securing loans.

Potential employers, landlords, insurers and credit card comapnies will all have to check out your credit file before deciding whether to approve or decline your application.

Thus, the growing importance of your FICO rating makes repairing a bad credit a crucial necessity.

So how do you fix your credit?

There are various ways through which you can repair a damaged credit score. Here are some of the approaches that you can consider.

i. Applying for secured credit cards

This is a very effective way of improving your credit rating. In order to apply for a secured credit card, you need to have sufficient funds deposited with the bank that will pay the charges incurred on your card.

The fixed deposit savings in your bank acts as collateral when applying for this type of credit card. While this fixed deposit cannot improve your credit score overnight, it reports on your behalf that you are making timely payments thus improving your credit score with time.

ii. Applying for small loans with a co-signer

If your credit score is bad, then chances of your loan application being approved can be slim. As such, you might want to apply, and repay, small loans in order to convince your lenders that you can be trusted with credit. If you can pay off small loans, then potential lenders will be convinced that you can pay off larger loans like home mortgages or credit for auto financing.

Unfortunately your bad credit standing, you may encounter difficulties when trying to secure even small loans. This is where co signers come in to play. You can talk to your friends or family members whose credit scores are better in order to be a co-singer with you when applying for a small loan.

iii. Checking and correcting your credit report

Checking and correcting your credit report at least once every year is also important while working to fix your credit. Your bad credit can be the result of errors on your report that are not your fault. These errors can lead to a poor credit rating and are easily fixed.

Some of the common errors or omissions in your report can include an increase in your income ora failure to include some loan repayment detail. Once you have received your credit report from the credit bureaus, you need to scan through it for flaws that might damage your score.

You need to know that under the FCRA, it is within your right to demand that any erroneous items appearing in your report be investigated and corrected by both the credit bureaus and your creditors.

So, how do you dispute credit report errors?

As already mentioned, credit bureaus as well as your creditors are obliged by law to investigate and correct all errors that are appearing in your report. Thus, once you have identified these errors, you need to contact the bureaus as soon as possible, highlighting the errors and demanding their investigation and correction.

Here is a Step-by-Step Process of Disputing Report Errors

i. Gather all the relevant information

You need to provide the credit bureaus with evidence that there are errors in your report. Thus, you need to provide all the relevant information that will back up your claim. This begins with you making a copy of your credit report and highlighting all the items in dispute.

ii. Contact the credit bureaus that issued your report

Using registered mail, contact all the credit bureaus that issued the erroneous report. In addition, provide copies of your evidence to back up your claims. Do not send original documents with your mail. Ensure that you send separate letters to every credit bureau that issue your report.

iii. Contact your creditors

While the credit bureaus are working on your claims, you need to contact your creditors and any other entity that provided inaccurate information to the credit bureau. In your letter to these entities, request for copies of their transactions with you. The process of investigating and correcting errors in your report should take no more than 30 days.

Once this is done, you will be issued with a new report, hopefully with a better credit rating.

Fixing your credit does not have to be a daunting task, neither should it cost you a lot of money. Always remember, just like most diseases, credit repair may take some time. However, if you are trying to figure out how to fix your credit, then you need to know that with patience and diligence, all things are possible.

How To Stay On Top Of Your Credit Cards

Credit card debt is a big problem. Credit cards themselves arent so bad, but when you only pay the minimum balance and charge more than you can afford, the total balance will build up fast. Eventually, the interest alone will be so much that you cant even afford to pay the minimum payments.

Whether you cant make the payments or you are just getting by, eliminating the debt as soon as possible is the most important thing you can do. Eliminating your credit card debt without damaging your credit is difficult, but it can be done. Maintaining a good credit rating is very important. Your credit may affect whether or not you can get a mortgage, auto loan, personal loan, credit cards, jobs, etc. It also will affect the interest rate of any loan you are able to get. If you have a lot of debt, your credit may or may not be damaged.

If you always pay at least the minimum payment on time and your debt to credit ratio is low, you probably have good credit. However, continuing down the road you are on is not a good sign. Getting rid of the debt now will help ensure that your credit doesnt get worse. If you already have bad credit because of your poor credit charging choices, paying off your debt with the following method will not only keep your credit from getting worse, it will improve your credit.

You have to do it the hard way if you want to keep your credit intact and improve it. This is the best way to improve your credit, get rid of debt, and pay less interest overall. Youll also learn excellent financial habits that will benefit you in future. The hard way to get rid of debt is to pay it all back. Your debt will continue to earn interest over time, which will make it a little tough and more frustrating, but its not impossible and its worth it in the end.

First and foremost, get rid of all your credit cards. Dont close any of the accounts, just stop using the cards. If you have excessive debt, you dont know how to use credit cards wisely. You are not allowed to use them from now on. Adding more debt to your cards will work against you. Get rid of them and use cash.

Add up all your credit card debt to determine the total amount of debt you need to pay off. Set up a plan for repayment. The best plan of action is to pay the minimum balance on each credit card first. Then, take all the extra money you have each month and put it toward the card with the highest interest rate. Once that card is paid off, put all the extra money toward the card with the next highest rate and so on.

If you find a credit card with a zero balance transfer for the first 12 months, that might help if you can pay off your debt within a year. It could work because youre interest wont be working against you. However, if you have bad credit, you might not be approved, and in either case, a new credit card might hurt you if youre tempted to use it. Think about it carefully first. If you dont trust yourself, stay away. Continue paying down the minimum balance and as much extra as possible until 100% of your credit card debt is paid off.

What if you can barely meet your minimum payments? How can you pay extra and get ahead? Chances are if youre in credit card debt, youre spending money frivolously. Even if its just an extra $50 a month, thats $50 that can be going toward your debt.

Learn how to budget and make sacrifices. Budgeting will force you to see exactly where your money is going each month. Until your debt is paid off, you need to make sacrifices. If you have an excessive amount of debt and/or cant meet your minimum payments, those sacrifices will need to be extreme such as cutting out completely all entertainment like cable, Netflix, eating out, going to the movies, going to shows, and all other nonessential entertainment that isnt free. Clothes, coffee, fast food, data packages and texting phone plans, and vacations must all be postponed until the debt is paid off.

There are probably lots of expenses you have every month that dont fit into these categories. You might need to sell your car and get something cheaper, downgrade your house or apartment, etc. Get rid of everything that isnt essential for living or your job. Learn how to live frugally at the grocery store, how to save gas, and how to take advantage of free entertainment.

Also, find ways to increase your income. If you cut out all your entertainment expenses, you probably have a lot more time on your hands. Get a part time job or start a business. If you cant downgrade your home, rent out a room or two. Be creative and find ways to supplement your income.

If youre debt isnt so out of control, you might not need to sacrifice as much, but if you do, youll pay off your debt much faster. Make the changes you need and when the debt is gone, youll find a huge amount of income leftover each month you can divide up among some of the costs you cut and savings for future goals such as buying a house or retiring.