Understanding Interest and APR

When you're seeking out money to get into business for yourself, you're going to enter a whole new world of numbers. Your loans, mortgages, lines of credit, and credit cards will come with various interest rates and APRs attached, and you'll need to know what all of those numbers mean, or you'll be caught by surprise when you have to start making the payments. It's a good idea to sit down with a financial adviser before you start taking out loans and signing up for credit for your business. You need someone who speaks the language of finance on your side.

4 Safety Tips For Sending Money Online


Sending money online provides a convenient way to transfer funds to a friend's bank account or send money to a relative who is in a bind. However, it is also comes with some risks. Here are some tips for transferring money online safely and effectively.

Never Save Passwords or Data in Your Browser

Don't let your Internet browser save any of your data when completing a money transfer. This includes not saving any usernames or passwords, as someone else might be able to steal your password and access the online account. Also don't let a browser save any auto-fill information, such as your personal information, credit card number, or bank account. Most browsers have a prompt that lets you decline to have the information saved.

Install Anti-Spyware Software

You should also have good anti-spyware and anti-virus software installed on your computer and activated. Double-check that your firewall is activated and that your anti-spyware software is working properly. If you have any alerts on your dashboard about these programs being out-of-date or in need of updated, run those updates first before you continue with the transaction.

Log In to Payment Sites Through the Browser Only

As a general rule of thumb, you should never click on a link sent to you for making a payment online. Whether your friend meant to or not, there might be a link from their email or social media message that gives you a link to where you send them a wireless payment. Even if it seems harmless and goes right to a reputable site, it is better to type the wed address into your web browser manually, in another tab. This is always the safest way to go about it.

Use a Secure Internet Connection

If you are going to send a payment with wireless Internet, make sure it is secure. This goes for computers and mobile devices. If you aren't using your own wireless connection, you are making a risk, especially if it is accessed publicly. It is better to wait until you can get a secure connection before entering any type of financial information online. This means not using free Wi-Fi locations, such as at your local library, coffee shop, or restaurant.  

In addition, check the website's security by making sure "Https" and a lock symbol is present in the address bar. This is another safety measure that shows you the page and information you enter will be secure. For more information, visit a online money services company, like sharemoney.com


11 August 2015