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Investment in your future- Prevent it from turning into Bad Debt

How Student Loans Become Bad Debt

Failing to keep this simple equation in mind is how student loans quickly become bad debt.  Remember, a student loan is a mortgage on your future earnings . When you buy a house, the collateral for the loan is the house. When you buy a car, the collateral for the loan is the car. If you don’t repay these loans, the lender simply takes the house or car. But when you borrow with student loans, the collateral is your future earnings. If you don’t repay your student loans, the government will garnish your future earnings.

to learn more about student loan debt calculations and how much you should borrow based on what your salary will be, visit the link below.

http://www.forbes.com/sites/robertfarrington/2014/04/21/student-loan-debt-the-best-and-worst-debt-to-have/

(Robert Farrington)

That being said it is very important we think into the future, when you will be paying back these loans. That’s right, voluntarily rather than them forcing you to pay the loans back. By setting up your student loans early on a biweekly payment plan that will allow an extra payment a year to go directly to the principle you can have your student loan paid off even earlier and eliminate some of the interest the bank would get back from you. Looking at the example below will show you how using the Biweekly Program that Nationwide Biweekly Administration offers could assist in the payoff.

Analysis

Student Loan Analysis from Nationwide Biweekly Administration
Ran for a total debt of $29,400 at 4% interest rate.
For your customized analysis call (800)317-1756

Option 1)

Total Debt: $29,400

Interest Rate: 4%

Minimum monthly payment: $75

Pay off in 45 years!

 

Option 2)

Total Debt: $29,400

Interest Rate: 4%

Minimum Biweekly Payment: $40.45

Pay Off in 39.3 years (saving 69 months and $2,217.77 in interest)

Option 3)

Total Debt: $29,400

Interest Rate: 4%

Minimum Biweekly Payment: $65.45

Pay off in 20.1 years (saving 299 months and $19,195.63 in interest

 

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New Year Resolutions & Goals

2014

new year resolutions & goals

 

 

WHAT: Goal setting is used by top-level athletes, successful business-people and achievers in all fields.

Setting goals gives you long-term vision and short-term motivation . Who doesn’t want to make the most of their life?!?

HOW: By setting sharp, clearly defined goals, you can measure accomplishments and see the progress.

With a clearly defined goal you will now see your achievement in what might have previously seemed unproductive and useless.

Have you ever heard someone say, “Work smarter not harder”?  We can all take away a valuable lesson if we apply this to everyday situations and simply plan our work and work our plan. It’s time to put pen to paper and set your new year’s resolutions goals.

 

SMART Goals

A very useful way of making goals more powerful is to use the SMART mnemonic. While there are plenty of variants (some of which we’ve included in parenthesis), SMART usually stands for:

 

S – Specific (or Significant)

M – Measurable (or Meaningful)

A – Attainable (or Action-Oriented)

R – Relevant (or Rewarding)

T – Time-bound (or Trackable

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Nationwide Biweekly Administration, Inc. Successfully Completes SSAE 16 Type II Audit

Nationwide Biweekly Administration, Inc. Successfully Completes SSAE 16 Type II Audit

 

 

November 18, 2013—Xenia, OH—Nationwide Biweekly Administration, Inc. (“NBA”), one of the nation’s largest and most recognized biweekly program administrators, announced today that it has successfully completed its first SSAE 16 Type II audit.  NBA’s compliance with the SSAE 16 audit demonstrates its high level of commitment to solid operating procedures while maintaining the highest level of internal controls.

 

SSAE 16 is an internationally recognized third-party assurance audit for service providers.  SSAE 16 is a new reporting standard for services organizations put forth by the Auditing Standards Board (ASB) of the American Institute of Certified Public Accountants (AICPA).  As part of the audit, a number of operating controls related to NBA’s internal policies and procedures were examined.  These controls include: company wide management systems, policies and procedures, network operations, customer data integrity and security, and computer controls.

 

“Receiving this important designation from a top auditing firm reaffirms NBA’s commitment to our customers and business partners, said Daniel Lipsky, President, NBA.  “Through strict adherence to compliance and internal controls we’re able to provide peace of mind and world-class service to our customers.”

 

 

ABOUT NATIONWIDE BIWEEKLY ADMINISTRATION, INC.

 

Nationwide Biweekly Administration, Inc., located in Xenia, Ohio, provides payment service and processing to the general public through the Interest Minimizer program.  Established in 2002, NBA is licensed and bonded and is registered with FinCEN as a money services business. 

 

 

For more information about NBA, visit http://www.nbabiweekly.com, like the Facebook page at http://www.facebook.com/nationwidebiweekly.

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What is Nationwide Biweekly Administrations Biweekly Program?

Nationwide Biweekly Administration

Interest Minimizer Overview

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Nationwide Biweekly Administration Business Tour

Take a tour of Nationwide Biweekly Administration, and see why the administrator of Interest Minimizer bi-weekly mortgage program gets an A+ rating from the Better Business Bureau

 

 

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What is the Health Insurance Marketplace

obamacare-health-insurance-marketplace

The Marketplace is a new way to find quality health coverage.It can help if you don’t have coverage now or if you have it but want to look at other options. With one Marketplace application, you can learn if you can get lower costs based on your income, compare your coverage options side-by-side, and enroll.

When you Apply

When you use the Health Insurance Marketplace, you’ll fill out an application and see all the health plans available in your area. You’ll provide some information about your household size and income to find out if you can get lower costs on your monthly premiums for private insurance plans. You’ll learn if you qualify for lower out-of-pocket costs.  The Marketplace will also tell you if you qualify for free or low-cost coverage available through Medicaid or the Children’s Health Insurance Program (CHIP). Most Americans will be eligible to use the Marketplace. Learn more about Marketplace eligibility. The Health Insurance Marketplace is sometimes known as the health insurance “exchange.”

healthcare-gov-marketplace-graphic (1)-thumb-570x335-125914

How to Apply

You can apply for Marketplace coverage 4 ways: with a paper application, online, by phone, or in person with the help of a Navigator or other qualified helper. Telephone help and online chat are available 24/7 to help you complete your application. You can a copy of the application. Get details about all 4 ways to apply for Marketplace coverage. Plans and prices are now available. Coverage starts as soon as January 1, 2014. Open enrollment ends March 31, 2014. Learn about your options if you need coverage that begins before January 1, 2014.

 Find the Marketplace in your state

While all insurance plans are offered by private companies, the Marketplace is run by either your state or the federal government.

How will the Information be presented

The Marketplace simplifies your search for health coverage by gathering the options available in your area in one place. You can compare plans based on price, benefits, and other features important to you before you make a choice. Plans will be presented in five categories – bronze, silver, gold, platinum, and catastrophic – to make comparing them easier. In the Marketplace, information about prices and benefits will be written in simple language. You get a clear picture of what premiums you’d pay and what benefits and protections you’d get before you enroll. Compare plans based on what’s important to you, and choose the combination of price and coverage that fits your needs and budget.

Make sure to preview plans and estimated savings

Before you fill out a Marketplace application, you can do 2 things to learn your options: 

Use a cost and savings calculator to see if you may qualify for lower costs based on your household size and income.

Preview plans and prices available in your area. Note: Prices shown do not account for any savings you may be eligible for based on your household size and income.

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Hit A Creative Wall?

A criatividade vem de onde menos se espera :)

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Nationwide Biweekly Administration Earns BBB Accreditation

Nationwide Biweekly Administration Is Committed to BBB’s Standards of Trust

This week, Nationwide Biweekly Administration announced its recent Accreditation by your Better Business Bureau of Dayton/Miami Valley, Inc. As a BBB Accredited Business, Nationwide Biweekly Administration is dedicated to promoting trust in the marketplace. Its Accreditation will help people understand who the organization is and the core values it believes in. You can check out Nationwide Biweekly Administration’s BBB reliability report by visiting www.bbb.org or calling (937) 222-5825 or (800) 776-5301.

John North, BBB president and CEO, says, “BBB Accreditation is an honor. It’s voluntary and Accredited Businesses must meet and maintain your BBB’s Standards of Trust, a comprehensive set of policies, procedures and best practices representing trustworthiness in the marketplace. The standards call for building trust, embodying integrity, advertising honestly and telling the truth, being transparent, honoring promises, being responsive and safeguarding privacy.”

He continues, “Businesses that meet your BBB’s high standards are invited to apply for Accreditation. Applicants undergo a review process and ultimate approval by your BBB’s Board of Directors. According to Princeton Research, seven in ten consumers say they are more likely to buy from a company designated as a BBB Accredited Business.”

“We are proud to have met your BBB’s high standards and we’re excited to be part of an organization that exists so consumers and businesses alike have an unbiased source to guide them on matters of trust,” said Daniel Lipsky ”We value building trust with our customers and our Accreditation gives our customers confidence in our commitment to maintaining high ethical standards of conduct.”

Daniel Lipsky continues, “Our Accreditation signifies our commitment to customer service, reliability and trust. For any organization to excel in today’s environment, it’s critical it be fully committed to excellence. Our acknowledgement by your BBB aligns with and supports our efforts of providing superior service in the marketplace.”

About Nationwide Biweekly Administration

Nationwide Biweekly Administration is one of the nation’s largest and most recognized administrators for biweekly programs. Through their Interest Minimizer Program, NBA processes billions of dollars worth of mortgage payments for hundreds of thousands of customers. All payments are securely processed through the Federal ACH Banking System with their banking partners.

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A Visual Guide to Budgeting

A Visual Guide to Budgeting

A Visual Guide to Budgeting

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Should your office have a Nap Room?

Should your office have a Nap Room?

Napping Infographic - Why our offices should have a Nap Room!

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