Handy Tips to Buy Electronic Items

If someone wants to purchase a latest model of certain electronic gadget it might come pretty expensive unless you know how to bag the deal comfortably and conveniently. One of the most comfortable methods to buy electronics items is to search for availability for the said product or similar product range in the online websites. There are several websites where the items can be purchased in competitive price range and with all other allied advantages like free shipping, inbuilt warrant, or cash-back on dissatisfaction etc. from consumer point.

One of the main criteria to buy electronics item is to think and consider the utility of the purchase. Sometimes the retailers impose selling trick for high-priced accessories, which hardly has any utility function in the operating function of the main gadget. Sometimes the offer of extended warranty is also added to the purchase price of an item and thus makes the price range higher; in these cases it is wise to discard the option for extended warranty because most of the consumer electronics product play well within the warranty period and at the end of the warranty period, if any servicing is required, it will come up in equal cost of the extended warranty value.

In many cases we get attracted for the consumer finance schemes as declared by the retailers and without proper calculation of the rate of interest, processing fess, and monthly installments together we plunge into the purchase option and incur great monetary loss at the end of the tenure of the finance schemes. Therefore, it is wise to calculate all the costs involved with an electronics purchase finance scheme and also it is wise to know the hidden costs related to this finance scheme before any deal to buy electronics items via consumer purchase scheme.

We often get apparently lucrative offers from the credit card companies to enjoy some privileges on purchase schemes for some electronics items. These schemes, although sounds lucrative but prove costly because it is being incorporated with high rate of interest which comes as added price value for the tag value of the said electronics item. Before going for any electronics item purchase scheme it is always better to judge the scheme from other side of the offer to be on the safer side of the deal.

When quality service is the only criteria to buy, one can consider purchasing open box or refurbished item. Open box items are sold- back items working in perfect condition. Refurbished items are repaired items. Both types of electronics items are available in lesser price and generally render good service like a first-hand purchase. However, it is always recommended to buy electronics items of these categories from a reliable retailer so that in case of complaint the customer can rely on their service.

The selection of retailers marks great difference in electronics purchase; some online shops offer good discounts on electronics items in stock. However, electronics gadgets are available out of cheap rate from warehouse club sale; it is always wise to review and compare the features of an electronics item before making a final decision.

How Can Personal Finance Software Help Me?

In the good old days, personal finance for most people meant simply balancing their checkbook once a week and making sure they had enough money in the bank to cover the monthly bills. Of course that was long before the days of multiple credit cards, electronic fund transfers, PayPal, and the dozens of other complicated financial transactions made by even the average person on a daily basis. These days, keeping track of person finances can be quite a chore and can often overwhelm you, leading to a less than perfect financial situation.

Modern life has created additional headaches in our daily lives, but fortunately it has also provided new tools to use to control them. Personal finance software is the best option for keeping one’s personal finances organized and up to date.

Personal finance software comes in many varieties, each offering a specific set of financial tools. The simplest forms simply keep track of multiple bank accounts, including credit card accounts. The most complete versions offer tax tracking, investment tracking, budget analysis, electronic banking and a long list of other features. How much you need depends on your situation and how closely you want to track your finances.

Most banks now offer free electronic banking to their customers. Make sure that whichever program you choose, it is capable of taking advantage of electronic banking. The vast majority of programs offer this feature as standard so you shouldn’t have to look hard. With electronic banking, you can easily check your balance, automatically download statements, transfer funds among accounts and have all your information seamlessly transferred into your electronic account register.

The two powerhouses of financial software are Quicken from Intuit Corporation and Microsoft Money. Both companies offer several versions of the program and generally offer the same features. The interfaces are slightly different and one’s preference will likely come down to which one appeals to you most. New editions are released each year to account for changes in banking and tax law and owners of the previous year’s edition will receive discounts to upgrade.

Another option that is growing in popularity is software that is kept entirely online. You never actually download a program to your computer and can access your information from any computer connected to the Internet, including SmartPhones. This is referred to as “cloud computing.” Some websites offer a low monthly fee to use the software and other sites are free and entirely advertising supported. Some people prefer this method for its convenience and other people stay away from these programs due to security fears.

Once you begin to use personal finance software you’ll wonder how you ever managed your finances without it. People become addicted to seeing the computer generated reports of exactly where their money goes each month. They often find this makes it easier to create a budget and stick to it. Even if you simply want to keep your basic checking account up to date, personal finance software is worth the small price.

Parallels Between Physics and Finance

It would be interesting to compare two sciences of physics and finance. While one deals with the money the other deals with the physical universe. Both are important branches of studies so drawing a parallel between them will be interesting to many lovers of sciences.

Most of the theories in physics have models explaining a certain phenomenon. Whether it is electricity, magnetism, thermodynamics, gravitation each field has a subsets of models to explain various observations. For e.g. the Doppler Effect model in waves theory explains the plain variation of sound frequencies by a single set of equations. The Kirchhoff’s law explains the law of flow of electric current in a closed circuit of electricity is a model based on some set of equations. The financial theory in recent times has become model based where the price of options comes from Black S Merton models. There are a set of inputs required in the model to describe and price the option. Similar to the physics models where one need to put in several parameters values to find an ideal solution.

Uncertainty is common to both finance and quantum physics. Quantum physics has a ground in uncertainty and that everything we see is in a random state of motion. Everything is arbitrary and does not has well-defined laws that can predict the outcome. Heisenberg’s uncertainty principle states that the place and momentum of the electron cannot be determined simultaneously with exact precisions so where will be the electron located after sometime in the future cannot be determined exactly. Similar case happens in stock markets where an investor cannot be certain as where would be the index after sometime with exactness. There is always a degree of uncertainty associated with the market movements and thus closely resembles the Heisenberg’s principle. Interest rates are the most dynamic measure of all that keeps on changing with the time and shows volatility so predicting where it will go the next moment requires a rocket scientist who can by all his knowledge can come out with a shrewd model that can predict the interest rates sometimes if not all the times. This uncertainty is a very important concept that happens everyday in the financial world. The speculators, hedging traders and the arbitrage traders all face this uncertainty and the risk of the market movement that could loss or gain them financially.

The geometric Brownian motion describes the path of the particle suspended in a liquid. A physician first observed this random motion of a pollen grain suspended in a liquid to follow a random path termed as the Brownian motion. Einstein described these Brownian motion mathematically in his paper, giving a set of equations that could describe the path followed by the suspended particle. His equation explains that the path of the particle is jointly described by a constant displacement term and a volatility term. It is the set of these equations that explains today the path of interest rates, the path of stock market index or the volatility path.

In their famous paper Black S and Merton describes the path followed by the stock prices follows Brownian motion equations which laid the foundation for the famous Black S Merton model that is widely used today by traders all over the world to values options. Black did use the law of equilibrium of physics to lay the basic idea behind the Black S equation. The joint portfolio of a long stock and a short call option would yield the same constant risk free rate over a short period. So the joint position would always be restored to the same risk free return. Various interest rate models like the lee model, Ross model or the White Hull models are mathematically given by the same set of Brownian motion equation difference is only that they are different in their displacement terms and volatility terms to describe the interest rates movements. The displacement coefficient can depend on time, a constant or a zero.The volatility coefficient is also sometimes depends on time or on the volatility itself. Thus when it comes to determining an uncertain quantity in the future there comes into play Brownian motion equations.

Uncertainty plays a big role in valuation models used today for valuing securities like equity and bonds. There are a thousand of different scenarios of future are possible when forecasting the interest rates, earnings or the discount factors in the valuation exercise. Similar observations happens when calculating the path taken by electron. An electron can take a very large number of paths when moving from one place to another. Richard Feynman gave an approximate number for the path that the electron can take through his sum over histories methods. Similarly the earnings of the company can follow several paths. Monte Carlo simulation can see different scenarios of path and a final value calculated by taking a mean of values calculated from values observed in several different paths. The forecasted values could be misleading and could be totally different, in a similar fashion the electron place could be misleading and incorrect. So if price of a security cannot be determined precisely and exactly, the present state of the electrons cannot be used to predict the future place by the quantum theory precisely.

If there is uncertainty then some models and theories do come close to predicting the next outcome. Take such as the theory of photoelectric effect which has a single equation given by Einstein. Theory is simple and elegant and beautifully explains the observed phenomenon with high degree of precision experimentally. The bond valuation includes discounting the future cash flows which are certain to occur and through proper discount rates one can come close to exact present value of the bond in the market. Sometimes theories do come close in explaining the real world. If a physicist wants to explain the falling of a ball under gravity he would use equations of motion to describe the path of the body. The frequency of light in a heat radiation is given by energy divided by the Planck’s constant. Similar scenarios happens when a credit analyst wants to find the credit spread of a bond he would simply multiply the loss given default for the bond and the Probability of default for the bond.

Phenomenon of heat equilibrium states that the heat flow between two surfaces takes place until the temperatures of both the surfaces attains the same temperature and is in thermal equilibrium. Once the thermal equilibrium or two surfaces have equal temperatures the flow of heat stops. Arbitrage is the trading of incorrectly priced securities in different markets so if security is over-priced in one market trader sells in that market and buys in the market where it is under-priced until the price levels are same in both the markets. So flow of security takes place from the market where it is under-priced to the market where it is over-priced. See how temperature and price are analogous in explaining the two different phenomena’s in same way. So money is flowing from one market to another market in the same way that the heat is flowing from one surface to another surface till the state of equilibrium of prices or temperatures reaches.

The quantitative theory of money states that measure of money in the economy determines inflation. So if money supply increases then there is inflation and if the money supply decreases then there is lower inflation. It could be compared with the heating of a body so that if the temperature of the body increases the heat radiates in large proportions to the fourth power of temperature and if it lowers then the heat radiated lowers proportionally. The inflation measures the amount of excess money in the economy in a similar way the temperature of the body measures the amount of excess heat in the body.

Thus overall the theories of finance and physics could be seen in a similar way except that they are taking place in two different worlds. Various theories have models that have a few set of parameters. There is uncertainty in some theories then there is some certainty in other theories in explaining the observed phenomenon. Laws of electricity, magnetism, gravitation and heat are applicable in finance also but not in same way as in physics. The same sets of explanations characterize what happens in both the worlds in the end they are different sciences. While physics deals with the study of nature and observed phenomenon then finance deals with the study of markets and its instruments.Nevertheless some parallels can still be drawn that should not sound meaningless.

Complying With UK & EU Country WEEE Electronic Recycling Directive

The objective of the Waste Electrical and Electronic Equipment (WEEE) Directive 2002/96/EC is to minimize the environmental impact of electronic waste. The WEEE directive protects landfills and regulates the disposal of discarded or end-of-life electrical or electronic equipment (EEE) also known as e-waste. The related RoHS Directive 2002/95/EC strives to limit the use of six hazardous materials in the manufacture of electronic equipment.

The WEEE Directive provides guidelines for the collection, treatment, recycling and recovery of waste electrical and electronic equipment. The “polluter pays” principle means collection and recovery is largely at the manufacturer’s expense. Specified products include such things as large and small household appliances, IT and telecommunications equipment, consumer equipment, IT and telecommunications equipment.

Reduction of hazardous material content in products at the manufacturing stage will reduce the content of such pollutants in electronic waste. This will enhance the economic feasibility of recycling. Hence RoHS compliance, which in any case is needed for doing business in the EU, is the first important element for any effective recycling. Increased efforts to design products that facilitate recycling of WEEE components and materials are extremely beneficial.

Recycling is one of several waste disposal options. Its effectiveness depends, to a large extent on the type of material to be recycled and the availability of appropriate technology. E-waste such as a computer can be discarded by the original users, but it may still be perfectly functional equipment. In this case material recovery and reuse is a better alternative than recycling. In fact the reuse of waste electrical and electronic equipment is the preferred economic option.

Recycling is technology and material specific. It is mandatory to collect electronic waste separately from municipal waste. While primary administrative responsibility lies with the state, manufacturers have an important role in educating customers on proper waste disposal. The WEEE directive mandates collection of electronic waste at the manufacturer’s cost. Manufacturers must not only ensure that convenient collection points are set up for consumers but must also make provisions for the transportation of the waste materials to the recycling plant.

The WEEE directive mandates that recycling sites should conform to certain minimum standards to prevent adverse environmental impact when treating waste EEE. In most cases, it will not be feasible for a single manufacturer to operate its own recycling center.

Throughout the WEEE recovery chain, producers are required to finance the cost of e-waste collection from consumers; transportation to the recycling center; treatment; recovery and disposal. Producers will generally need to collaborate with other manufacturers to collectively bear the cost for the recycling and waste disposal obligations.

The WEEE and the RoHS are here to stay and further strengthening of environmental regulations is inevitable. One such step is the impending Registration, Evaluation and Authorization of Chemicals (REACH), regulations effective from June 1, 2007 in the European Union. The REACH regulation will control the use of a very wide range of chemicals and is not limited only to the electronics sector. In this increasingly difficult milieu, a proactive approach by producers to comply with the WEEE electronic recycling directive will surely give them dividends for increased competitiveness.

Organizing Your Finances

If you’re looking for debt settlement, one great place to start is with your own finances. Getting your finances organized is a key step in getting yourself on the road to financial freedom. If you’ve never done something like this before, it will take some time to set up your system, but once you’ve got yourself organized, keeping track of your money will be much easier.

First, decide whether you want to track your finances electronically or on paper. There are advantages to each method, but in the long run, an electronic record of your transactions will probably be more versatile. Also, if you’re married or otherwise in a relationship with another person, and you share finances, your system will have to work for two people.

If you decided to go the electronic route, there are several free programs you can use to help you keep track of your expenditures and your budget. Though the two are related, they’re not the same. Your expenditures are your actual purchases and payments. Your budget is the plan you’ll use to make spending decisions.

The free programs run the gamut from very basic checkbook registers, to complicated budget planning and expense tracking programs. You may also be able to import statement data from your bank, and export data from your finance program to other software tools. These tools do take longer to set up, so don’t lose heart if this takes longer than you think it should. You can find a wide selection of these programs at Web sites like Tucows.

Make a list of your established electronic payments and the date(s) on which these payments are withdrawn from your bank account. Don’t forget to include any periodic payments that may happen only once or twice each year.

Collect your bank statements from the last 6-12 months. You may want to enter some starting data to get your finance program rolling. If not, your statements are still good to have on hand, because they’ll help you when you start planning your budget.

Have a calendar handy. You’ll need to mark specific dates that bills and special payments are due, and you’ll also need to mark paydays. This will help you keep track of your cash flow from paycheck to paycheck.

When you’re ready to start, you’ll need to track all of your expenses, the date they occur and what effect they have on your bank account. It may take a month or two to get into the habit of maintaining your own financial records. If you get into the habit of doing this regularly, you’ll find that balancing your checkbook each month will be easier and you’ll have better control of your finances.

Five Reasons To Keep Your Finances Electronically

Most of us were raised in a world where we had to touch and feel our bills and statements. We received our monthly bills in the mail, opened the envelope, reviewed the information and set it aside to pay at a later time. When it was time to pay our monthly bills, we would review the bill, write a check and then enclose it in an envelope and mail the payment. Until very recently, that is all we knew – that is how we lived our lives.

With the creation of the personal computers and other personal electronic devises, and of course the internet, what we have always done may not be, today, the smartest way of handling our finances. It certainly is not the “greenest” way of handling our monthly expenses.

We should all be concerned about identity theft. It is known that some of the ways our personal financial information is obtained is through the theft of our paper receipts, bills and statements. Certainly bills can be shredded to protect against identity theft, but perhaps the real answer is not have your bill in paper form at all. The following are five reasons on why to keep your finances online…

My five reasons are:

1. You will eliminate your cost of paying bills with paper. If you pay ten bills a month, in postage alone you will save over $50 annually by switching to a bed-based payment method. That does not take in account the cost of your checks and envelopes. In fact, you may actually receive some rewards by signing up for paperless billing. I have to believe all banks and credit unions now offer bill paying services and if you are with a bank that does not, most likely your credit card company, mortgage or utility company takes payment right at their website.

2. You will not need to go to the post-office as often. Okay, this may not amount to a big savings, but keep in mind there is talk that the US Post Office is going to be delivering mail five days a week instead of six. The cost of gas is certainly a factor for all of us when deciding to drive now-a-days so the idea of not having to go to the post office and leave mail in an unattended box makes good sense.

3. You will reduce the cost and clutter of paper filing. By creating folders on your computer or in a free email account, you save the cost of purchasing a file cabinet. Electronic files are easy to transfer and even easier to back-up. Keep in mind, in case of a fire in your home you may lose your records, however, if it is stored on a web-based back-up system your files remain protected.

4. You have access to your files literally anywhere. You can eliminate the tireless searches through receipts and invoices by creating an electronic storage system. If you use a free email account or a web-based back-up system, you can literally access your files anywhere there is internet access.

5. You will deter theft. By now most people realize that mail is stolen from mail boxes and those wanting to steal someone’s identity often rummage through garbage. With your information secured by password on a computer you are protecting yourself and deterring theft.Of course if there was a sixth reason to become paperless when it comes to maintaining your financial records is that we all should become more “green.” The fewer paper bills and statements you receive means the fewer trees cut down and ultimately the less waste deposited in landfills.

With the right security on your computer and a little re-training of how we were raised, switching your bills and statements to a paperless method will prove to be more secure, easier to manage and better for our environment.

2 Tips For Success With EMR Software Financing

In the times of paperless office all kinds of written records and paperwork are being replaced by computerized data stored in computers and hard disks. Technology is advancing fast and the medical industry is one of the primary industry’s to fall prey to the invasion of technology. However as everything goes online so does the cost of running and managing everything electronically. For this purpose there is the Electronic Medical Record (EMR) financing which can help you to avoid unnecessary expenditures and aid you in planning out your expenditures at every step.

Once you have found your financing solutions there are two things you need to heed to in order to make the best of opportunities.

1. Customized Financing Plan-Like most of the things in your hospital you might want your software financing plans to go smoothly and not exceed your budget. However, in that case you might have to opt for customized software which will be customized to serve your institution with regards to its needs and requisites but this will also be expensive than the standard softwares.Therefore, even when you are looking for a financing option that will be an excellent aid to incurring costs at your medical institution and also not be very expensive, you should keep in mind the other costs being spent on different quarters of the institution.

2. Gradual Transition-Many medical institutions do not go for Electronic Medical Record (EMR) financing because it is expensive and also time consuming. Especially, as a huge medical institution catering so many people, you cannot take your own time to implement this software and get your staff to be accommodated to the automation. However if you are worried about the money factor then you can always resort to leasing the software at a lower price to try it out before you actually purchase it. On leasing the Electronic Medical Record (EMR) financing software you can take your time to get used to the software and also not make you feel the burden of having bought it at a high price. This way you can gradually switch over to Electronic Medical Record (EMR) financing and get the biggest benefits out of this software.