What Is the Best Way To Sell Your Car?

You are spoilt for choice when it comes to selling your car. Today, the internet has made it possible for you to look for sellers from all parts of the world. Additionally, it has opened up a wide range of avenues for people to sell their property and cars. 

Platforms now allow people to sell cars online in Brisbane, Gold Coast, and the rest of Australia. However, apart from new techniques like online sales, there are other methods to sell your car. 

Best Way to Sell Your Car

You might be confused over which method you should pick to sell your used car, but the answer is easy. You need to sell your car to the person who pays you the most money!

1. Sell to someone you know 

If you have close friends and family around who are looking to buy a car, you can choose to sell it to them. However, the only downside is that you might not get the full price for your vehicle. 

Selling to family members will require you to give them a discount. However, if you find buyers you are not related to, you can charge them the full price for your car.

2. Sell through a dealer 

Car dealerships in Brisbane are an easy way out for sellers. You can approach a dealer, and they will readily take your vehicle off your hands. However, they do charge a cut of their own, and you will not make the full price of the car if you choose to sell it like this. 

3. Online car buying service

Now you can sell cars online in Brisbane with a few clicks on the internet. Online car buying services are an excellent option for sellers. If you do not want to compromise on the cost of your car but do not have the time to put it into its sale, online platforms are the way to go!

4. Put it up for an auction

Auctions are usually portrayed in a negative light when it comes to selling your items. However, if you have a vintage car with a unique clientele, selling it at an auction is the right option. 

This way, people who understand your car’s worth will pay the correct amount for it. If you are lucky, you might also end up making a bunch of profits on it! You can also opt for online auctions in Brisbane like COPART.

5. Sell it for its parts 

If your car is damaged beyond repair and you can’t pay for its servicing, you might want to sell it for scrap. However, approaching a traditional scrap buyer will not be very financially beneficial for you.

Special car buyers today are ready to pay you good money for your broken and run-down parts. These dealers will certainly pay you if there is something they can salvage from the ruins. 

6. Donate

If you are not planning on making any profits from your old car, you can always donate it to the city. Many organizations like KUC or Kids Under Cover in Brisbane are looking for charitable people who are willing to give them cars for their use. 

If nothing else, you will at least secure a tax deduction from your generous donation!

To Conclude 

Selling cars is easier than ever today. However, this choice is what overwhelms most of us. With the right research and a little bit of negotiation, you can sell your car at a profit and make good money. 

Platforms like Cars4Us will help you sell cars online in Brisbane without taking up too much of your time and energy. 

So, try selling your cars online today with minimum effort and reap the most benefits!


Developing A Profitable Marketing Strategy for Your Small Business

Creating a profitable marketing strategy for a small business isn’t an easy thing to do. There are many things to consider and so many factors to weigh in. You must also consider the unique situation of your industry, the kind of customers you are targeting, and how your products can benefit or remain attractive to your target market. 

You will likely need a business loan no matter the marketing strategy you decide to adopt in your business. A loan calculator can help you calculate the entire cost of the business loan by factoring in monthly interest rates, monthly repayments, opening costs, closing costs, and other additional fees. It helps you work out intricate loan details and select the best loan option among the several alternatives available.        

The importance of a marketing strategy 

A marketing strategy helps discover the loopholes or areas that need fixing in a business’s marketing plan. It helps develop the right programs, implementation patterns, and timelines to deal with these loopholes and problems. It also helps to fix the prices of a businesses’ products and services appropriately.    

Steps to building a profitable marketing strategy for a small business

These are the steps to follow if you want to create a good marketing strategy for a business. 

Identify your target market 

The first step you need is to identify your target market. Who are your products aimed at? Who will be the group most interested in your product? Where do you want to make sales? Where do you want to make sales? Identifying and defining your target market helps you focus and optimize your marketing strategy. You don’t want a one-size-fits-all marketing strategy. You want something that only targets those who are interested and willing to buy from you. This provides you with a higher return on investment for your marketing projects.  

You can do this by creating a marketing persona that contains your target market’s ideal demographics (age, gender, location). Be as accurate as possible and consult others for help where needed. Define their prior experience, their buying motivation, their buying concerns, and other essential things. Interview people where possible to find out more about them and if they fit into your appropriate model in buying your products and services.        

Conduct research on your competitors

The next thing that you need to do is to research your competitors. Find out what they are doing and how you can implement that in a unique way for your business. Identify what you can do better and the right strategies to go about that. Go to their social media accounts and see what they post and how they interact with others on these platforms. Subscribe to their email list using a throwaway email address.     

Select your marketing channels 

The next thing to do is to select your marketing channels of operation. Are you focusing on social media alone, or would you be implementing print media, radio ads, content marketing, SEO (search engine optimization), and more? Think carefully, study your defined target market and identify the channels that would be most effective in reaching them. You have a limited marketing budget, and you don’t want to get maximum return on investment for the money you spent on marketing. 

Create marketing targets and work towards implementing them 

Create marketing targets with deadlines in place and work hard towards meeting and implementing these targets. Be specific with your targets and write down plans on how you will achieve them. These plans should include a target number of sales for a period, a target number of people reached, and a specific approach to meeting these plans.   


A marketing strategy is a key to the growth of a small business. It helps streamline and tailor fit the business’ marketing towards the unique needs of the company. Implementing a proper marketing strategy involves using appropriate tools like a business loan calculator that shows you how best to utilize business loans for a marketing strategy.  

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Why is reddit good for b2b?

Reddit is a great place to find out what people in your target market think about your product or service. We all know that Reddit is a hub for the latest in technology, science, and entertainment trends.

It’s also a useful resource when trying to understand how well your product is doing when it comes to public perception.

This is especially true in the B2B space. Reddit allows you to reach people who are specifically interested in your industry. 

This means you don’t have to worry about “crossing over” or trying to appeal to irrelevant people that may or may not be interested in what you’re offering.

Here are some points about why reddit is good for b2b

1. Reddit is a breeding ground for b2b content.

The wide variety of interests on reddit top minds means that there’s a good chance you will find your ideal target market here. 

This means that you can target your content to specific groups, pick up trends in your industry, or just discover new ideas.

2. Redditors are loyal to their niche.

A key advantage of Reddit is that it’s not overrun by general consumers or journalists looking for their next hot blog story or video. 

There are also no “front page news” stories that you’ll be competing with for attention and links to your site (well).

3. Audience engagement.

A lot of posts on Reddit will be comments from people asking questions or sharing their knowledge about a specific topic. The more active your post, the more responses you’ll be receiving from people who are genuinely interested in seeing what you have to say. 

This can be a great way to build your credibility as well as communicate with interested parties about the direction your company is going in.

And if there’s any potential for a viral effect, it’s a good idea to post something that has a chance of going viral regardless of whether or not you think it will take off or not – just to gain some exposure regardless.

4. Audience relevance and quality control.

You will have access to people who are interested in your particular product or service. That’s a great way to hone your targeting strategy for your content creation. 

You can also tweak your content creation according to what you know about how well it will perform on Reddit.

5. Social proof and familiarity with the platform.

Reddit is not known as a place for traditional online marketing techniques, so if you are new to the platform, you need to learn how it works first. 

However, once you’ve learned the ropes, Reddit is a great way to quickly put out content that has potential for traffic and engagement.

6. Reputation.

Reddit can be a great way to build up your reputation with potential customers or partners. 

Even if they don’t agree with you, they will at least know that you and your company are honest and trustworthy. That’s a huge benefit for B2B companies.

7. Strategy behind posts.

There is strategy involved in how you post on Reddit – and ultimately, this is what makes it such a good tool for b2b marketing as well as just finding out what people think as well as what’s interesting in your industry as a whole.

8. Different kinds of content perform well in different places.

It’s important to know that different kinds of content perform differently on Reddit, and there are also certain places where certain kinds of content will not go over well. 

It’s always good to test out your ideas first before creating your live, high quality content.

9. Content is searchable and connected.

Some of the content on Reddit has the potential to be found by people looking for it. This means that if you put out a good piece of content, it will be found by people who are interested in the topic as well as those just browsing around.

10. You can engage with your audience personally.

Reddit is such a big platform that there is always room for engagement – even just asking questions about their opinions on your industry or company as well as what they would like to see from you in the future. 

A good relationship with your audience will make everything else much easier and more effective, no matter how you choose to approach it (if at all).

11. Redditors will help you with your copy.

Redditors will help improve your copy – and even come up with new ideas for you to use as well as different kinds of content that perform well on the platform as a whole. 

That can make it easier for you to put out lots of good content and reach your audience effectively.



What is Administration?

The word administration refers to the process of running a business or an organization. It is a set of day to day activities that take place within the organization. Many administrative positions require the candidate to enjoy an advanced range of skills in different areas.

What are the skills requirements for administration Jobs?

Administration Jobs have a wide range of duties that are undertaken by professions. These professionals are required to have specific skills that are beneficial to the organization. 

Some of the skill requirements are: 

Clear communication skills– Administrative professionals must have good communication skills as they are the ones who communicate with the managers as well as the other employees of the organization. They also need to answer many phone calls, reply to emails from clients to recipients, and handle business correspondence. 

Organizational abilities– An administrative professional is a person who needs to think ahead to what is next. They should be able to handle meetings successfully, manage appointments, calendars, organize files and paperwork. Filing sorting and other general organizational skills are essential.

Understanding modern technology– Administrative jobs require a person to know how to use Microsoft software, maintain office equipment, perform research, and plan for online research.

What jobs can you do in Administration?

In recent research conducted in February 2021, there were 2.2 million Australians who had not been engaging in work, with 808,000 people searching for jobs. Many people are on the lookout for fresh job opportunities.

Here is a list of administrative jobs one can consider

Administrative assistant– High School Graduates with exceptional abilities in computer software can apply for the position of administrative assistant. It is one of the most popular jobs, usually carrying out different tasks around the office. 

Data Entry Clerk– The role of data entry clerks in an organization is to store and organize data on a computer or paper filing. Their primary responsibility is to make sure the company’s database is up to date.

Office Administrator– Office administrators are usually concerned with the scheduling of different tasks. They coordinate activities across departments as well as supervise employees and handle the agenda of upper management staff.

Community Liaison– A liaison serves as a bridge between communities and organizations. Apart from office duties, their job requires them to travel and to meet people in the community.

Operations Director– They are in charge of the profitability and growth of the company and oversee the day to day activities conducted in the organization.

Chief Administrative Officer– These are top tier professionals who are responsible for the overall performance of a company.

Office Manager– An office manager usually supervises a particular department in an establishment. They are assigned strategies given by the upper management to implement into their departments. 

Operations Manager– Their job is to oversee business activities, government agencies and non-profit groups. These professionals are not only talented but support operational leadership in various departments. Their role is to manage the operations process, planning control, embracing design and performance improvement.

Customer Service Representative– They help solve customer problems, handle product refunds and returns, and help resolve issues with unsatisfied customers. 

Administration is such a broad category with many job titles, and the opportunities are endless. An organization is a primary factor in the daily duty of an administrative assistant. Administrative professionals are entrusted to handle tasks that build a reputation and growth for the company and foster long-lasting customer relationships.

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Top ghost blogging platforms

A ghost blog is a blog that’s hosted by someone else. It’s often used to share information anonymously while protecting the identity of the blogger.

It can sometimes be difficult to find the best ghost (blogging platform) because there are so many options available. 

The following are ranked according to their features, ease-of-use, and popularity among users.

Here are top ghost blogging platforms-

1. Ghost

Ghost is a free open-source blogging platform that’s very simple to use. It supports markdown among other formats, has a clean design, and it features an installable editor. 

You can also use the content management system in Ghost on self-hosted servers for no charge.

2. is one of the most popular blogging platforms in the world. It’s also free to use, but unlike many competitors it lacks many advanced features in its interface. 

For instance, you can’t change your site’s theme within the dashboard, modify your blog’s URL structure nor set up custom menus outside of the dashboard interface. Similar to Tumblr, they offer hosted blog services for no charge.

3. LiveJournal

LiveJournal is a blogging platform that’s been around for more than a decade and has gained popularity over the years. 

Its user interface is simple and easy to use, but it does lack advanced features like the ability to add custom menu items and change your site’s URL structure. 

You can also choose to go premium with LiveJournal and upgrade your account or add extra features like music playlists and additional storage space. 

The pricing plan is determined by your site’s popularity (the more visitors you get, the more you pay).

4. Posterous

Posterous is a free blogging platform that launched in 2008 and later merged with Twitter. It has a simple user interface, plenty of features, and it integrates with Facebook, Twitter, Google Analytics, and many other applications. 

Many users have praised Posterous for its ease-of-use while others have criticized it for lacking advanced features. If you’re interested in using Posterous you’ll need to create an account at the Signup page.

5. Quora

Quora is another popular blogging platform that’s based on asking questions and answering them for people to read. 

People within the community can ask questions about any topic they wish or read questions that have already been asked. You can filter your Quora feed by following topics, authors, and users.

6. Tumblr

Tumblr is a microblogging platform that lets you post text, photos, quotes and links to other websites. It’s also a social networking service that allows people to follow other blogs and repost content on their own Blogs. 

You can create as many blogs as you want and even sign up for a custom URL (subdomain), but this will cost you extra. The pricing plan starts at $8 per month.

7. Posterous

Posterous is a free blogging platform that launched in 2008 and later merged with Twitter. It has a simple user interface, plenty of features, and it integrates with Facebook, Twitter, Google Analytics, and many other applications. 

Many users have praised Posterous for its ease-of-use while others have criticized it for lacking advanced features. If you’re interested in using Posterous you’ll need to create an account at the Signup page.

8. Tumblr

It is a microblogging platform that lets you post text, photos, quotes and links to other websites . It’s also a social networking service that allows people to follow other blogs and repost content on their own Blogs.

You can create as many blogs as you want and even sign up for a custom URL (subdomain), but this will cost you extra. The pricing plan starts at $8 per month.

9. Blogger

Blogger is a free and easy-to-use blogging platform that was founded by Google in 1999. Since then it has remained one of the most popular platforms thanks to its great interface and performance. 

It doesn’t support trackbacks or post comments, but it’s free to use and has many other useful features like RSS feeds, template customization, text formatting editing, automatic archives (more than 2000 supported), Google Analytics support and more. To sign up with Blogger visit their sign up page

10. LiveJournal

LiveJournal is a blogging platform that’s been around for more than a decade and has gained popularity over the years. Its user interface is simple and easy to use, but it does lack advanced features like the ability to add custom menu items and change your site’s URL structure. 

You can also choose to go premium with LiveJournal and upgrade your account or add extra features like music playlists and additional storage space.


Why is providing good customer service important?

Good customer service is not just about having more customers choose you over the competition.

 It’s about understanding that customer service will keep you in business. 

Understanding what customers want and need is key to running a successful business, and there are several ways to tell if your rates of retention are good. That’s why it’s important to have experts perform your customer service. Agents from call center services in the Philippines has adequate experience on handling different kinds of customers and they already know how to provide solution based on each customer needs. Having these professionals represent your business can be a great way to retain existing customers and attract new ones.

The introduction should end with an enticement for people to read this article by asking a question or giving some related information.

This gives reasons to provide good customer services.

Benefits of providing good customer service .

1. Customer service is important .

It is a key aspect of running a business and ultimately, its success.

2. Four reasons customer service is important.

     1. It can help you keep your customers

     2. It makes your company valuable to those who do business with you

     3. You look more valuable and professional when you give good customer service

     4. Good customer service builds brand awareness and increases foot traffic to your business

3. Your customers will be more loyal.

 If they feel the company is good at providing good customer service.As it will build strong customer loyalty and brand recognition. 

It can also give you an advantage over competitors who do not provide such care for their customers as well as building customer loyalty by increasing repeat or repeat purchase rate.

This results in very high profit, especially on luxury goods which are sold in smaller supply quantities due to the cost of raw materials that go into them.  

4. Don’t ignore the importance of having good customer service. 

It’s not just about making a sale, but is actually a form of insurance for your company. Why? Because if nobody comes to buy from you today, they probably won’t be coming back tomorrow.

 “Customers who receive high quality service are more loyal, and information has a way of getting around-people tell others where they had a good experience.

 In addition, many businesses rely on word of mouth as an important source of business growth.

5. Good customer service can boost sales.

This article by Marshall Thurber states that providing good customer service can boost profits in the long run, through word of mouth marketing and overall loyalty. 

The end result is that customers are more likely to buy from you again, and therefore will spend more money doing so (and probably recommending your products/services to other people). 

This proves that the benefits of good customer service can be seen in the long term, even beyond selling your company’s products directly to customers; the sale is only part of it.

6. Quality customer service can make your company grow.

“When you provide excellent customer service, they’ll tell their friends and family.

 The more people who have good things to say about you, the more likely you are to do really well. Great customer service has a direct impact on growth, in the form of higher word-of-mouth awareness.

7. Customer service can improve your reputation online.

“I know when I have good customer service because people just have nothing but nice things to say. I also know when I have bad customer service because nobody says anything at all.”

8. It is important for the overall health of your business.

By providing great customer service, you will be able to establish trust with your customers and they will tell their friends and family that they got a great deal and that their experience was wonderful. 

This will help to build trust with your customer base and show that you are a trustworthy company. The more people who have good things to say about you, the more likely you are to do really well. 

Great customer service has a direct impact on growth, in the form of higher word-of-mouth awareness.

9. A good reputation is worth money.

“A reputation as a great place to do business is something that can be very powerful and can be very profitable, especially for new businesses. New companies don’t have the reputation yet.”

10. A bad reputation is bad news for your customers AND your business.

“A bad reputation can have a negative effect on customer service, which then affects your business…”

11. A good reputation can help grow your company by word of mouth marketing.

A survey conducted by American Express back in 2009 found that 43% of consumers would give a positive review to a brand they had previously been happy with if they had a negative or neutral experience with them in the next two years.


Business ideas the will bring great profit

The “business ideas” that we will introduce in this article are not only profitable, but they also have significant potential for growth. 

These businesses run solely on their own profits and can literally be pulled out of our pockets day-by-day without any involvement from the owner.

At the same time, these businesses take a lot of effort to start up successfully so you should consider whether you have what it takes to build a business from scratch or whether it would be easier for you to join an established one.  Something with numbers includes both types of business ideas.

For many of the next few months, we’ll be giving you a series of articles on “business ideas” that can be started from scratch or purchased from a pre-established business.

 We will be going “behind the scenes” at various successful businesses to find out what makes them tick and how they were established.

Some business ideas the will bring great profit :

1. Multi-Level Marketing

Multi-level marketing companies are all the rage right now. 

The fact is that they are making a lot of people wealthy very quickly, but to be successful you have to take a lot of time and effort. There is no getting around that fact. 

There are many good programs out there that will pay back commissions on sales if you take the time to learn their business model, but at the end of the day, running your own MLM business will require work.

2. Affiliates

Many people have been able to quit their jobs and work from home by becoming affiliates. 

Affiliate programs are all over the web and you can turn a nice profit. In order to be successful with an affiliate business, you need a website where you can place ads for products that will generate a commission when they’re purchased. 

The most common type of affiliate business is one that offers Google ads on your website.

3. Direct Marketing .

Direct responses still work very well if you know how to do it right and most importantly, if you have a good lead generation system in place to capture interested prospects with your direct marketing campaign.

4. Home Based Business .

Most of the home based businesses out there pay out a set percentage of their earnings to the individual who carries them out. 

This can be an excellent way to make a decent income if you have the time to devote.

 Internet marketing is very active right now and many people are making a good deal of money from their websites even though they spend quite a bit on advertising.

5. Build A Website .

Most people who know how to work a computer have built a website at some point in their lives, so this is an easy way to get going online and start promoting yourself at no cost.

6. Collectibles .

A lot of people make a very good living by collecting and selling particular collectibles. 

For example, action figures are big right now, but if you’re interested in something more “retro,” like baseball cards or old comic books, you may be able to make money.

7. eBay .

Ebay is one of the biggest on-line auction sites around and it’s easy to start selling things that you already own.

 You don’t need any special background or education in order to get started either. It’s really more of an “old school” business than many of the others on this list because the basic principles still apply today.

8. E-Commerce .

E-commerce is starting to become a little easier for people to get started with. 

You don’t have to have a website or deal with any inventory because you’re selling online through your own company’s website, which is the same thing as a store would be in a traditional sense. 

Some people have started E-commerce businesses from home and it isn’t hard at all, but it does take some time and effort.

9. Lead Generation .

In order to understand how lead generation works, you really need to understand direct response marketing.

 Lead generation is a business model in which leads are generated from a prospect and then followed up with either over email or phone. 

This is one of the most effective ways to do business-to-business marketing or lead generation because you can get direct access to people who have expressed an interest in your product.

10. Consulting .

If you have a particular skill set that you can give advice on, for example, eBay selling, landscaping, auto mechanics, etc., this business model will work really well for you. 

You can run your consulting business from home and it doesn’t require a lot of work to start off with, but most people eventually need to expand their consulting businesses because they become very profitable if done correctly.


How to plan a perfect startup

This is the question you should ask yourself if you want to plan your startup with maximum chances of success.

 We all know that finding an idea, getting funded, and even writing the product are difficult tasks. 

But what you may not realize is the huge success rate of startups which planned their entire startup before starting any work on their product.

Because planning your startup before building your product will help you focus on success rather than work after work .

This post goes through a plethora of ways to plan your startup in order to get the best possible outcome for both yourself and for your business. 

Before you do anything, you should know that there are two kinds of people in this world: The ones who cannot plan and the others who know how to plan. 

Here Crunch Time News will help you find ways to plan perfect setup.

If you want to be one of the latter, then start off by deciding on your goals. 

Google Calendar is the best tool for these kinds of goals because it offers enough space for each goal and also offers free space, which means you can move them around as many times as needed until they become reality. 

Ways to plan a perfect setup :

1. Set goals for your startup –

In order to plan a perfect setup, you need to plan what you want from it. First, decide the name of your startup and write it down somewhere. 

This will help you keep track of all the plans you make. 

Write down a basic financial goal for your company, which will allow you to know whether your business is going in the right direction or not. 

Write down a list of all clients or partners that may help with your business productivity and even write a list of pros and cons for each one of them on how they may help/hinder your progress.

2. Measure your progress with metrics –

When you write down the goals you want to achieve, make sure to include metrics for each one of them. 

These metrics can be anything from likes on your Facebook page to sales revenue or number of employees.

 Make sure to write them down in detail so that you can measure how you are doing until now and how much more effort is needed in order to achieve the final goal.

 For example, if one of your goals is to have 100 likes on your Facebook page, write down what actions you will take, which channels will be used etc.

Then log the actions along with their results into a spreadsheet. This way, you will be able to see exactly how far you are from your goal and which actions are more effective than the others.

3. Make a plan for achieving your goals –

Once you have set up metrics for each of your goals, it’s time to put together the plan on how to achieve them. 

Create a task list in order to keep track of each step you need to take in order to achieve your goal.

 For example, if one of your goals is getting 100 likes on a Facebook page in 6 months, write down tasks like setting up an advertising campaign on Facebook for $50, creating professional banners and web page design etc. and check off each point when it’s done until you get the final result.

4. Evaluate your plan –

Do not forget to re-evaluate your plan every month in order to correct any mistakes, add new goals and keep track of progress.

 It’s important to make sure that you are doing all you can in order to achieve maximum results.

5. Adjust your plan based on the outcome –

Make sure to adjust your plan when needed when the outcome turns out to be different from what you expected it would be. 

Even the most carefully planned startups may need changes in their setup due to change in their target audience or other external factors which affect the success rate of a startup .

 In such a case, make sure to adjust your plan according to the change and you will have a perfect startup!

The above steps should help you in planning a perfect setup. If you have any other tips on how to plan a startup, please leave a comment below.

So now that you know how to plan a perfect setup, what are your plans for the day? If you have dreams of creating your own empire from scratch, then join us as we take on this task with our “How to plan a perfect startup” guide.

 If what we just discussed is too much for you, then check out these other useful articles about making money , writing an ebook and where I went wrong after quitting my job .


Taxes and savings are considered a leakage factor- explained!

Everyone who makes a salary pays taxes on that income. In the US, those taxes are typically as much as 30%. 

Savings accounts also often incur fees which can range from 1% to 5%. When you include those leaks, your take-home pay may be less than you think.

Gather information on the different types of tax savings and make a plan for how you can best use them in order to decrease your tax burden. 

You should also evaluate the state of your current savings account and make a decision about whether or not it’s worth sticking with this account over others where the leakages would be lower.  which best describes why taxes and savings are considered leakage factors?

Income (taxes and savings) and expenses (expenses and leakages) are both taken from before-tax income. 

To see the effects of those leakages, divide your paycheck by how many hours you actually worked. 

If you don’t work as many hours as you think, then the numbers should be skewed. When you divide your paycheck by working hours, include all allowances such as vacation days and sick time.

The way in which taxes are withheld for any particular person depends on income level, marital status and other factors that determine what is to be withheld from each paycheck.

Factors explaining why taxes and savings are considered leakage :

1. Tax Rate

Taxes are paid on income at a progressive rate. The tax rate will vary depending on your income level. 

As you get closer to the top tax bracket, you will pay more in taxes than you would have otherwise.

 Because of the lower tax rates for higher-income individuals, it is always better, in terms of loss of take home pay, to save for retirement at the end of the year rather than during.

2. Income Tax

When your paycheck is calculated, taxes are deducted before other deductions are taken out at source that are used to calculate take-home pay. 

These deductions include: Social Security and Medicare taxes, Federal Employees Retirement System (FERS), and employer contributions to other retirement plans. 

There are many other deductions that can be taken out and this will vary depending on the tax bracket you fall under.

3. Expenses

If you don’t have enough money to cover your expenses, then money will be taken from your check before it has been taxed. 

For example, if you do not have enough savings to cover your expenses between the income you make and the expenses you normally pay (for example, groceries, entertainment, etc.) then money will be taken out of each paycheck before it is taxed.

4. Savings Rate

The amount it takes to cover the leakages is called the savings rate, and it can vary depending on your income level and whether or not you have a retirement plan to contribute to. 

Most people do not contribute enough money to their retirement plans in order to cover tax leakage. If you make $100,000 a year and you contribute $2,000 per year (your contribution will typically be between 5% and 15% of your take-home pay)

Then you will need at least an extra $200 per month in order to cover the tax leakage from that particular paycheck. 

However, when I calculated my tax savings rate in my last blog post, I was only contributing 1%. It is better to contribute more than that and save for retirement than to put all of your savings into a savings account and therefore receive far less than you would have otherwise.

5. Lifestyles

There are many differences between the lifestyles of people who earn $50,000 per year and those who earn $100,000 per year.

 Those who earn $100,000 will typically spend more on vacations, entertainment and other non-essentials such as food versus people who earn $50,000 per year. 

If you live a lavish lifestyle but do not have enough money saved up to cover the tax leakage; then there may be times when you need to borrow money from a friend or family member.

6. Education

There are many college graduates who are not earning enough money to cover the tax leakage in their paycheck. 

Although paying off student loans is important, it is also important to make sure that you have enough money saved up for retirement.

 If you do not save enough for retirement, then you will be dependent upon the government more than you would have otherwise been. 

Your standard of living may also depend on your government benefits if your paycheck is not high enough to cover your expenses even after paying off student loans.


Increase Curb Appeal With Modern Garage Doors

Home improvements are necessary. Whether you want to improve the aesthetics and curb appeal, or you need to upgrade the functionality, it’s an investment worth considering. There’s always something you can repair or replace in your home and make it look better, but also increase its value. You never know when you might decide to sell, and contemporary, quality garage doors will grab anyone’s attention. I wanted to see what the advantages of investing in new garage doors are so I let Radford Gates introduce me to the benefits of modern garage doors.

Better Isolation

One of the things you need to consider is how much money goes to waste every month on heating bills. It can be difficult to insulate your home during colder parts of the year if you still use old and spent garage doors that have trouble closing properly and also suffer from a number of holes that leak cold air. No matter how much you try to maintain warmth, cold air will still seep in through the cracks.

New garage doors provide the isolation every home needs. Being able to properly cover this big entrance area will save you a lot of money in the long run. You will be able to maintain both cold and heat, depending on the time of the year, without having to worry about abusing any of your heating or cooling systems.

If you need fresh air, you don’t need to worry about waiting long for noisy old doors to open.

Safety First

Old garage doors might still fulfill their intended purpose, but have you ever considered the safety of your home? How easy would it be to break in without any protective sensors or locking systems? It is recommended to upgrade and be aware 24/7 about what is going on around your home, where your kids and pets are. 

Old garage doors use old automated systems that can be easily hacked nowadays, and once intruders are past those, they can easily enter your home and steal property. New garage doors have a plethora of security options. You can even connect your smartphone via an app and control the doors remotely wherever you are. The possibility to monitor the surroundings, manipulate the doors with your phone significantly increase the overall security of your home.

Quality and Speed

If your current garage doors make noise that not only bothers you but your neighbors too, and if it takes forever to open, then it’s time for an upgrade. What you need are doors that are going to take seconds to complete the task and be quiet. You don’t need to let everyone around you know that you are using your garage, especially during quieter times of the day.

The same goes with the maintenance. There’s no need to spend a lot of time and money to make 15 or 20 years old doors work better. It is what it is, they served their purpose and it is time for a replacement. By investing in new ones, the need for constant maintenance diminishes

Home Value Increase

You might say that aesthetics can take the back seat, but, in reality, curb appeal plays a major role. The value of your home can grow with this upgrade. A good first impression can seal the deal even before potential buyers see the rest of the home. Eye-appealing exterior comprising quality garage doors, good paint job, and landscaping will do the job. The sense of pride you feel when people pass by and praise your home is worth the effort.