Take a tour of the Nationwide Biweekly Administration headquarters in Xenia Ohio. A leader in biweekly payments for your mortgage and other types of loans. Pay your mortgage biweekly. Learn about the benefits here http://www.experiencenationwidebiweekly.com/
Fall is an especially good time to think about savings. With the traditional back-to-school in September, children and adults alike can “turn over a new leaf” to start fresh. The household budget is a great place to start, suggests Nationwide Biweekly Administration.
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In saving for college, a parent should keep in mind that a college education is an investment in the future of their child. Over time, a college-educated person will make about $1 million more than a high-school graduate. Two key components will help a parent save successfully: time and consistency. If a parent starts early, as early as the day a child is born, and saves monthly in the years leading up to college, a significant amount can be amassed. Nationwide Biweekly Administration points out key ways to save for college include:
· Consider using a 529 account. This type of college account allows savings and interest to accrue tax-free. Withdrawals for higher education are tax-free also. You may also want to consider Coverdell Education Spending Accounts (ESA’s), State Prepaid Tuition Plans, Savings Bonds and certain government programs, like Lifetime Learning tax credit and Hope Scholarships.
· Remember that it is cheaper to save for college ahead of time than to take out loans and pay them off afterwards. When you save for college, the account can accrue interest. When pay back a loan, you pay interest to the bank, says Nationwide Biweekly Administration.
· Look for rewards programs that link your credit, debit, gas and grocery card to a college-savings account. These programs give a small percentage back to the consumer in the form of deposits to the designated account.
· Remember that student aid won’t be enough. Nationwide Biweekly Administration says that while your child may qualify for scholarships and financial aid, it is still the primarily the parent’s responsibility to help pay for their child’s education. You do not need to assume the full cost, as that usually is not realistic nor ideal for your child. However, you do not want your child to start their adult life saddled with crippling student loan debt.
· In setting up your college savings account, Nationwide Biweekly Administration recommends using the “one-third” rule. If you assume that your child will attend a school costing $30,000 per year, assume that 1/3 of the money will come from your college savings, 1/3 from current income and 1/3 from student aid and loans. This makes your goal more attainable and not as “scary.”
· Age-based asset allocation can help you use the stock market to your advantage. Over time, using history as a guide, the stock market will go up. While the market is certainly volatile, don’t miss out on the opportunity for a higher rate of return than other savings vehicles can offer. The key is to balance your investments based on the age of your child. The closer a child gets to college, the lower the stock market allocation should be.
· Set a college-savings goal. Setting a goal is important because it will help you decide what amount to contribute monthly and to see what is realistic. Don’t get overwhelmed in thinking about total college costs; remember that saving early and often is better than not saving at all. Nationwide Biweekly Administration. 
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Nationwide Biweekly Administration Savings Tips.
Saving money is possible year round by being conscious of your energy usage and paying attention to the thermostat. In summer, as temperatures soar and air conditioners work overtime, energy bills spiral out of control and break many people’s budgets. Here are a few tips by Nationwide Biweekly Administration for saving money during the warmer months
· Turn off the dryer. Take your freshly laundered clothes and let the sun and summer breeze do the drying for you. The resulting difference in your power bill will be significant.
· Cook outside. Especially in the summer, using the oven creates a lot of excess heat that has nowhere to go except your house, taxing your air conditioning and driving the bills higher and higher to maintain a comfortable temperature. Fire up the barbeque grill for delicious summer meals that won’t heat up the house’s interior.
· Turn off the air conditioning. Okay, this is not realistic if you live in Florida, Southern Nevada, Arizona and a handful of other all hot all the time locations. In other areas though, where the weather does fluctuate, you can save money by simply paying attention to the weather. In coastal California for instance, you rarely need air conditioning at night as the marine layer cools off the air considerably. Turn off the air conditioning before heading to bed, open some windows, turn on the ceiling fans and enjoy a lower power bill.
· Check and/or replace your air conditioning filters. A dirty filter can increase your cooling costs unnecessarily. Dirty air filters restrict airflow and the efficiency of the air conditioner causing more run time and higher cooling bills. When you factor in how cheap filters are and how expensive air conditioning bills are, you’re not likely to forget to check your filters again!
· Plan ahead At the end of summer you’ll notice season ending sales. If you give some thought to next year’s landscaping and garden projects you can pick up the supplies at up to half off.
By following these five easy tips you can reduce your power bills and the strain on your air conditioner greatly this summer.
Posted By Nationwide Biweekly Administration
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Nationwide Biweekly Administration - Mortgage, a nasty word that all home owners hate to say and hear. An astronomically large loan from a bank that a person will spend thirty years of their life repaying. Sounds terrible right? However there are ways around having a completely negative look at mortgages and actually cheating the system. Little tricks from companies like Nationwide that offer bi-weekly payments is a huge advantage. Now bi-weekly payments are beneficial as it is, but they actually are used best and most effective when it comes to mortgages.
So why are these bi weekly payments so beneficial to paying off your mortgage?The reason being is since a mortgage is a loan over a long period of time, there are tons of payments due. If you make payments every fourteen days instead of every thirty-one then your making thirteen more payments a year! Each extra payment you are making trims a little extra interest off because interest is a cumulative factor. This makes your total loan amount go down! After awhile all these extra payments and little bit of interest trims really start to add up! During a thirty year mortgage if a person continually makes bi-weekly payments instead of monthly they can pay off their mortgage a whole six to eight years faster! Thats almost like cutting off 1/3 of your loan! Since it is paid off in less time, there is less money paid in interest. This means it cuts down the total amount of money you pay, interest and principal. Not only is this saving you an astronomical amount of money but bi-weekly payments coincide with most peoples pay check schedules. This makes it possible to have a continual flow of money to paying off your mortgage. This way you are less likely to fall behind in your mortgage and the best part is even if you do miss a payment you can make it up since your using bi-weekly payments. The reason is because paying every fourteen days instead of thirty-one it cuts your bill size in half. That way if you miss one payment, the penalty isn't as harsh and hopefully by the time the next payment is a due, there will have been ample time for the person to recover. Now I know this seems like a small thing but it really isn't. Falling behind in mortgages is a huge problem and even recently caused the largest economic downturn we’ve seen in decades!
As you can see when it comes to paying off a mortgage, using bi-weekly payments is definitely the strategy to use! In a mortgage most of the monthly payments go to interest and thats where the costs really start to build up! With bi-weekly payments this eliminates a lot of those costs and cuts down the amount of time it takes you to pay back the loan. With all of these benefits, its pretty simple to see why bi weekly payments is the best strategy to use!
Today’s post is an explanation of articles you may have seen or run into when you do a search on Nationwide Biweekly Administration. It is amazing how a hand full of people, who have not fully researched a company, can post a blog on the internet and misrepresent them. I find these articles to be as believable as the national enquire and have very little solid information to back them up. With this said I have “legit” research to back up everything that has been said (see below) and to prove that Nationwide Biweekly Administration is NOT A SCAM.
First point I want to go over is the way NBA may market to potential customers. Some of you may have received a letter with the name of your lender on top that explains how Nationwide Biweekly Administration can save you money on your mortgage with their interest minimizer program. This letter is not intended to “trick you”. The reason why your lender is on the top of the page simply shows you that NBA administers the program to your lender as well as over 5,000 other lenders. If you so choose to call you will be connected to their customer service departments which can run a savings analysis report on your mortgage or any other type of loan you are trying to pay off early.
The second point I want to make is the trust issue with NBA. If there is any biweekly program company that you can trust with making sure your payment is applied properly and on time, it has to be NBA. Why do I say that? Well first they are one of the nation’s largest and most recognized independent processors. They are fully licensed, bonded, and registered with FinCEN – the Financial Crimes Enforcement Network – as a Money Services Business. On top of that they are also listed with Dunn & Bradstreet and the Better Business Bureau. But what I really find interesting is they are the only biweekly company that has been independently audited by the C.P.A. Firm of Flagel, Huber, Flagel, & Company. As you can see in this video they earned a Gold Seal of Approval documenting that their savings estimates are accurate, funds are protected by FDIC Insured Banks, client’s funds are being remitted to lenders accurately and timely, and their program operates as indicated in contracts. To top off any more trust issues you may have, their corporate office is located in the State of Ohio and is audited annually by the State to ensure strict compliance to all State and Federal Regulations. All payments are securely processed through the Federal ACH Banking System, and enjoy protection under Regulation “E” of the Federal Reserve. Under Regulation “E,” funds debited from your account are protected against fraud or loss for a period of 60 days from the drafting date. You are completely protected & have nothing to worry about with Nationwide Biweekly Administration.
My last point that will be covered pertains to the articles on how biweekly programs are nothing but a scam or something that you shouldn’t need to pay someone to do because you can do it yourself. For the sake of these articles I am going to sum it up for you and assure you that biweekly programs are NOT a scam. You see, in a perfect little world we would do everything ourselves. In the morning we could jump right of bed into our workout clothes and hit the weights for 30 minutes. Then we could hurry up and cut the grass before heading into work. During lunch we could rush home and change our oil. Then once the work day is finished we could clean the pool out and maybe even give the dog a bath and a quick trim. Sounds ridiculous doesn’t it? It’s a good thing that we have people that can actually help provide us with convenience, discipline, and structure so we can stay on track and not have to do everything on our own. This is how I see what a biweekly program can do. Of course this is something that every one of us can do. How simple can it be to make an extra payment a year? Well I guess not that simple since less than 1% of Americans prepay their mortgages every year. Lets be honest, if anyone of us had extra money that equaled our mortgage payment I doubt that making an extra payment towards it would be the first thing on your list. So if you think that Nationwide Biweekly Administration is a scam then so is your personal trainer, lawn cutting service, guy that changes your oil, pool boy, and dog groomer. These are all helpful services that are provided for those who want them. If you would like to talk about scams go ahead and check how much interest you will be paying your bank once you pay off your loan. I guarantee you will be giving them thousands of dollars more then you would ever give a company that provides a biweekly program.
I hope this sums up some of the articles you may have read and would love to see some POSITIVE comments on how using a biweekly program has help you out. Nationwide Biweekly Administration
