Planning Calculator

Even though the United States have made it illegal to gamble online, poker keeps on gaining popularity through the different tournaments that are shown on television such as the World Series of Poker by ESPN. This created a problematic situation: while players claim that poker is not a game of chance, the US government decided that it is.

For a few weeks, panic erupted in the poker world as rumors spread like bush-fires that this ban would stop all tournaments. But this proved to be untrue. In fact, because of the online gambling ban, the popularity of tournaments only increased. And in most of these tournaments, the favored game is Texas Holdem.

This article focuses on those planning to take what was once their online casino pastime to a poker tournament close by. You will need to follow some basic betting structures, and we describe these for you. Even if they seem difficult to follow, dont worry. Just practice these at home with friends and you will soon learn the flow of these wagering structures.

Note: Remember that all the games rely on a basic maximum and minimum wager, and all the betting structures should be understood accordingly. Keep in mind that each game has a set limit that is fixed before the game commences. Once begun, the limit remains unchanged until the end. Note also that the tournament organizers or the casinos are those that decide these limits.

  1. Structured Wagering Limit:

    This means that there are two limits you play to. During the first two rounds, you place wagers according to the lower sum, and then you start betting according to the higher amount set. When you find a game called according to two amounts such as 4/8 dollar limit, then, it means that this game will be played according to the structured wager. Another thing to remember when entering such poker games is that you can only place four wagers each round and not one more.

  2. Spread Limit Wager:

    Here, you are free to place wagers in a pre-set range and you dont have to place fixed bets. When you find that the limit is within a range then it means that you have found a game that will be played according to the spread limit. Examples are games which can be played between a range of twenty to a hundred dollars. Note that such games do turn out to be expensive because some might bet according to the high limit. Another variation of the spread limit bet is to have a range of four wagers. What this means is that there is a certain amount you can bet for the round before the flop, for the round on the flop, and on the round after the flop and a certain amount for the river.

  3. Basic Pot Limit Bet:

    In such Texas Holdem games labeled as being played according to the basic pot limit, what it means is that you can place wagers anywhere between the amount that is the big blind and the total size of the game pot. Here too, take note that games such as these can result in high cash pots.

  4. No Limit Betting:

    This is the one version that pulls in the high rollers from all over. Here, there is not limit at all one how much you wager or raise. Note that unless you are a high-roller or unless you have a tremendous amount of experience playing Texas Holdem at tournaments, stay clear of such games.

How To Save For Your Retirement

The competition is alive and well between credit card companies, every company is working hard to invent new and exciting ways of attracting applicants to apply for a credit card with their company. No matter where you go, you will likely be given some sort of offer with any number of credit cards. For example, a credit card could inform you that they will offer you an unheard of interest rate with for an extended period, or another could offer you rewards of cash back on any item you purchase using their credit card. You will see these types of attractive advertisements often, you should bear in mind however, that even though these offers may sound extremely good, typically they do not offer these things for the consumers interest, instead they offer them to attract business.

Consumers often benefit from the fierce competition between credit card companies. Studies show that the average United Kingdom resident owes approximately $1,140 in debt with credit cards. Typically, this is for one or more cards and each card will carry a unique interest rate. The competition has led companies offering credit cards to offer a balance transfer at a 0% rate, this is in hope that they will attract consumers to apply for their credit card and transfer their existing debt onto theirs.

You may be wondering, what exactly is a balance transfer? This is the practice of taking the balance you owe on one card and transferring it to another. Typically, this is done to help you save money on the amount of interest you currently pay on the debt. Now before you run out and apply for that credit card that offers a 0% balance transfer you should be aware that usually that rate is only a promotional one. You will want to make sure that you understand what the rate will be once that promotional rate ends, as well as understand how long you have to pay the payments interest free.

Another thing you should do, is compare the cards that offer them, the reason for this is that one card could offer a longer balance transfer term than another. The ideal card will allow you enough credit that you will be able to transfer all of your existing debt to one card. This will allow you to have only one payment monthly with 0% interest. In essence, you will be able to pay the debt off at a faster rate because none of the payment is applied towards interest.

Retirement Income Calculator

Personal bankruptcy generally is considered the debt management option of last resort because the results are long-lasting and far-reaching. A bankruptcy stays on your credit report for 10 years, and can make it difficult to obtain credit, buy a home, get life insurance, or sometimes get a job. Still, it is a legal procedure that offers a fresh start for people who cant satisfy their debts. People who follow the bankruptcy rules receive a discharge a court order that says they dont have to repay certain debts.

The consequences of bankruptcy are significant and require careful consideration. Other factors to think about: Effective October 2005, Congress made sweeping changes to the bankruptcy laws. The net effect of these changes is to give consumers more incentive to seek bankruptcy relief under Chapter 13 rather than Chapter 7. Chapter 13 allows you, if you have a steady income, to keep property, such as a mortgaged house or car, that you might otherwise lose. In Chapter 13, the court approves a repayment plan that allows you to use your future income to pay off your debts during a three-to-five-year period, rather than surrender any property. After you have made all the payments under the plan, you receive a discharge of your debts.

Chapter 7, known as straight bankruptcy, involves the sale of all assets that are not exempt. Exempt property may include cars, work-related tools, and basic household furnishings. Some of your property may be sold by a court-appointed official, a trustee or turned over to your creditors. The new bankruptcy laws have changed the time period during which you can receive a discharge through Chapter 7. You now must wait eight years after receiving a discharge in Chapter 7 before you can file again under that chapter. The Chapter 13 waiting period is much shorter and can be as little as two years between filings.

Both types of bankruptcy may get rid of unsecured debts and stop foreclosures, repossessions, garnishments and utility shut-offs, and debt collection activities. Both also provide exemptions that allow you to keep certain assets, although exemption amounts vary by state. Personal bankruptcy usually does not erase child support, alimony, fines, taxes, and some student loan obligations. Also, unless you have an acceptable plan to catch up on your debt under Chapter 13, bankruptcy usually does not allow you to keep property when your creditor has an unpaid mortgage or security lien on it.

Another major change to the bankruptcy laws involves certain hurdles that you must clear before even filing for bankruptcy, no matter what the chapter. You must get credit counseling from a government-approved organization within six months before you file for any bankruptcy relief. You can find a state-by-state list of government-approved organizations at the U.S. Trustee Program, the organization within the U.S. Department of Justice that supervises bankruptcy cases and trustees. Also, before you file a Chapter 7 bankruptcy case, you must satisfy a means test. This test requires you to confirm that your income does not exceed a certain amount. The amount varies by state and is publicized by the U.S. Trustee Program.

Saving In Retirement

Summary: Did you know your minimum credit card payment is rising? A new government program working to get Americans out of credit card debt is pushing credit card issuers to raise minimum monthly payments. Will you be able to make the higher monthly payment? Here are some tips for getting by.

If youre an American, your minimum monthly credit card payment may soon be doubling. If youre only paying the minimums now, youll have to be careful to adjust your budgeting to pay more.

Whos Raising Your Monthly Minimum Credit Card Payment?

Whose idea was it to increase credit card minimum monthly payments? The Office of the Comptroller of the Currency, a bureau of the U.S. Treasury Department that has become more and more involved with reigning in the abuses of credit card companies. Yes, this credit card minimum payment increase was thought up by people trying to help you.

Who will be raising their monthly minimums? So far, some of the largest credit card issuers have agreed to the new standards. Bank of America has already been asking for the higher monthly minimum payment. MBNA, Citigroup (a.k.a. Citbank), Discover, and Chase (on some of its cards) will be breaking the news to their cardholders as Fall 2005 progresses.

How Much Will Credit Card Minimums Increase?

For many credit cards, such as MBNA and Bank of America, the new rates mean that monthly minimum payments will double.

Right now, the monthly minimum payment is only 2% of the balance on most of these cards. The new rate will be around 4% (the actual number may vary from card issuer to card issuer). This means that if you have the average American credit card balance of about $10,000, your minimum monthly payment will go from $200/month to $400/month.

Of course, if you have any additional fees, whether a late fee or a cash advance fee or any of the other fees that the credit card guys cook up, you will have to pay that, too.

Why the Credit Card Minimum Payment Increase?

You may be wondering why anyone would want to make you pay a higher minimum monthly payment. The basic reason for making you pay more is: for your own good.

According to Mike Peterson, co-founder of American Credit Foundation, by doubling the amount you pay per month toward credit card debt, you will cut down on what you pay toward interest by much more. Look:

Old monthly minimum payment of 2% of balance, $2,000 credit card debt at 18% percent interest:

* Time to pay off debt in full: about 30 years.

* Interest paid: about $5,000?two and a half times what you initially borrowed!

New monthly minimum payment of 4% of balance, same debt:

* Time to pay off debt in full: about 10 years. Time saved vs. old payment: 20 years.

* Interest paid: about $1,100?slightly more than half what you originally borrowed. Amount saved vs. old payment: $3,900.

Tips for Paying Double Easily

How do you pay off your new, higher credit card balance?

Stop Charging

Yes, you will have to make major sacrifices to stop using your credit card. But just look at all the money youll have in ten or thirty years that you wouldnt have if you had to pay all that credit card interest. If you have trouble resisting the temptation to charge, here are some solutions that have actually worked:

* Give your credit cards to a friend or family member to hold in safe keeping.

* Freeze the cards in a block of ice.

* Never carry more than one credit card with you.

Economize on the Small Things

According to Michael Peterson of the American Credit Foundation, even tiny savings really add up when it comes to debt. His favorite example is the Diet Coke example:

* If you buy one Diet Coke a day at $1/day, thats $365/year.

* If you instead invested that one dollar a day at 10% interest (the average yearly return on major stocks over the last half century), you would be a millionaire within 56 years.

* Of course, with credit cards, this logic works in reverse: if you are lucky enough to be paying only 10% interest, fifty years of charging Diet Coke to your credit card will mean youve lost the same amount, not only in interest paid, but in the lost opportunity to save and invest.

* You dont have to put aside one dollar a day for fifty years to see a big difference. One dollar a day is $30/month, 15% of the average $200 increase in credit card minimum monthly payments.

* In order to get that entire $200 increase out of your daily budget, you would only have to save $200/30 or less than $7 a day. OK, maybe you arent drinking seven Diet Cokes a day. But there are very few credit-card-holding Americans who cant cut $7 a day out of their spending.

* Saving weekly rather than daily, $200/month works out to about $45/week, or the cost of a restaurant meal for a small family–another luxury you might want to skip until youre debt-free.

Bigger Savings

* Taxes. Most Americans could pay hundreds of dollars less tax each year if they just took all the deductions they were eligible for upfront, rather than waiting to get a refund in April. By April, you will have spent a big chunk of money on interest on debt that you wouldnt have spent if youd had the money at hand.

* Pleading. Call the credit card companies and ask if they can allow you to set up a payment plan, or at least provide a brief extension. Simply calling and letting them know you havent forgotten about them can help keep you out of the worst trouble.

* Credit counseling. Credit counselors can talk with credit card issuers to help you get a repayment plan you can keep up with. They can also open your eyes to untapped sources of income you never knew you had, like kicking the $1,000,000 Diet Coke habit.

In short, dont panic. With only a little bit of planning, you can make the higher minimum monthly payment work to your advantage, just as the policys authors intended.

Best Ways To Save For Retirement

Debt is a four-letter word that puts us on parole for the rest of our lives. The cost of living alone is so demanding that debt mounts, mounts, mounts, and breaks us with each heaping rise. We have to pay folding money, pay for apparel, food, gasoline, Uncle Sam fees, rent, installment credit, car payments, institution, etc, that sometimes it is next to impossible not to find yourself humming this four-letter word.

The most highly way to solve arrears is to sit down and find preparations. Breaking down problems is the first step you will occasion to take to find a way out of debt. Once you start to see you have cafeteria plan, you can find it rest easier to cope with your stress and damages. If you cannot find new ideas to help you find ways out of debt, visit your local information science and search for debt solutions and controllers that walk you through take part in permission out of debt.

Exercise many resources can help you to pull up new ideas that lead to solving problems. Rather than compliant messes weigh you down, take action now and find solutions that will reduce your tension and your debts.

If you have access to the Data highway, search the engines to find relevant links that teacher you into debt relief. Stay away from companies that offer to get you out of arrears for a high monthly fee. The concept of getting out of debt is to relieve positive self-image of extra burden, such as a new bill. For the most part, you can call your creditors and make pay-off form. The creditors are often glad to hear from you. Rather than have the scavenger hunt from wretchedness hunt you down, the creditors you could rather keep you as a friend, since they want you to pay your debt and incur future debt with their assembly.

You go through points of no return to finding your way out of debt, so takes some time to learn elimination procedures to become debt free. Debt elimination is not an option, since when you get rid of one debt another exert follow the same patterns of the human mind. You get the point. The solution is getting out of the past claims you owe, set a budget and avoid spending more than you can afford. Pay off one debt at a time, amid by installments you find relief.

To avoid incurring new debt, stay away from credit bet. Use your credit cards to pay demanding bills culmination your credit card as soon as possible to pause, high interest rates. Stay reject from payday lends also, unless you see that you can avoid better part of the levies and can payoff the loan right away. Keep in mind however, that payday lenders often attach a steep fee.

What Do I Need To Save For Retirement

Interest in a Last Will and Testament and other end of life planning documents skyrocketed during the coverage of Terri Schiavos case, but interest didnt always lead to action. It isnt that people laugh at the importance of preparing for the unexpected; they blame procrastination and laziness.


Out of half a dozen randomly selected people interviewed, none had a Living Will, and only one had a Last Will and Testament, though every person said they believed the documents are essential. All said they believed that proper tax planning in Wills can save ones heirs certain estate taxes.


People believe in the importance of estate planning because of dependents and not wanting to be hooked up on a machine at the end of life. However while some call lawyers or buy a Last Will and Testament kit, not all people get around to signing them.

Only one person interviewed had completed estate planning documents. With a power of attorney, which names a friend or relative to manage your finances if you become incompetent, you may also have a health care proxy. A health care proxy is the same thing as a power of attorney, except it applies to medical conditions instead of financial ones.

People trying to figure out what you would want can lead to some big arguments and family quarrels. There should be no questions about what you wanted.

Saving For Retirement At 25

With gasoline prices steadily on the rise, many commuters are finding it more and more difficult to justify spending their hard earned money on the high cost of fuel rather than other necessities, including food and electricity. With that in mind, there are five simple steps that you can take to help stretch your dollar a little bit farther when it comes to your cars fuel consumption.

  1. Carpool. If you have children who are in school, consider sharing the driving responsibility with other mothers that live nearby. This is especially helpful if you can alternate days. Perhaps you would drive the children on Monday and Wednesday, while the other women fill in on the rest of the weekdays. This will save you money on gasoline and will also make the children?s ride to school a lot of fun because they will be riding with friends. The same is true of commuters on their way to work, who can share in the responsibility and costs of driving amongst one another.
  2. Buy a smaller car. If you own an SUV or other large vehicle, your gas mileage per gallon will be less than if you were to own a smaller car. As a general rule, larger vehicles just normally use more gasoline. If you want to save money on the cost of fuel, buying a smaller car is a good start.
  3. Purchase a hybrid car. These cars are fairly new on the market and are still quite expensive, but many find the benefits outweigh the high cost when they figure in their savings on fuel. Hybrid cars usually get better gas mileage per gallon and this results in big savings for the owner.
  4. Turn off the ignition. If you are stuck in traffic that is moving about an inch per minute, then just put the car in park and turn the ignition off. While sitting in traffic, you are just using more and more gasoline and arent really getting anywhere. Rather than waste, try to save money by not leaving your car running in parking lots or your driveway. If you need to stop by the store and will just be gone for a minute, take the time to turn the ignition off. In addition to saving on gasoline, you will be ensuring that your car isnt stolen by turning off the ignition and taking your keys inside the store with you. Many people would be surprised to know how many shoppers actually leave their car running while in the store.
  5. Walk. If you live near a store, walk instead of driving. This will save not only in the price of your cars gasoline, but also in the general everyday wear and tear that your car receives by being out on the road. No to mention, walking is good exercise and is generally safe for most people. So why not walk off some of those pesky winter pounds and save some money on gasoline in the process.

The aforementioned ways are five of the most popular to help you save some extra money where fuel is concerned. Some of the more obvious ways are to stock up when gasoline is decreasing in price. If you get $10 or $15 worth of gasoline every few days, you may get a good price one day and a terrible cost per gallon during the next trip. However, if you fill up your cars gasoline tank while prices are still low, you will be sure to get the best deal possible. Not only that, but you may also end up saving some time at the gas pump when all of the other consumers are waiting in line to fill up before the prices go even higher.

How To Save For Retirement In Your 20S

If you are having many websites across multiple hosting provider, it will cost you lots of hosting annual fees and it might be very hard to maintain as well. You might need to consider consolidate them into single hosting account. See the pros and cons of doing this.

Having 3 or five hosting plan, can easily cost you $500 dollars per year. And if you are running single website at each web hosting account, this will be a waste of space and money as well. Do consider to consolidate them into single web hosting account.

There is few web hosting provider that offering multiple domain hosting. Meaning that you can have multiple unique websites in the single hosting account. This mean you can have,, and so on. Each websites can have their own email account, ftp account, webmail services, etc.

To have this multiple domain hosting features, you need to look for web hosting provider that have the addon domain features. If they write 10 addon domains, this will mean you can have up to 11 websites in your hosting account. 10 addon domains plus the primary domain that you get when register the hosting account.

There is little few hosting provider that offering unlimited domain hosting. Meaning that you can host as many websites or domain in the single account. And you can add more addon domains as you like. Some hosting will have unlimited domain hosting value set to 999, and this will mean you can have 999 websites in the account only.

If you are having many websites in single hosting account, the only thing that you need to make sure off is that you not heavily linking each sites together. Search engines like Google not prefer links coming from same IP address, and on only that, this link can harm your website too. However, you still can have 900 websites on your accounts, and you must make sure they are not link together like a spider web or link farms.

After consolidation, your web hosting cost will drop, and you just save yourself some money.

Saving For Retirement At 35

Government auctions are where items that various government agencies have seized are sold, often at excellent prices. With a little knowledge, you can save some money with government auctions. Here is some basic information and tips to help you make the most of government auctions.

What items are for sale at government auctions?

Usually, big ticket items, such as vehicles, houses, land, boats, airplanes, computers, etc.

Where have the items come from?

Usually, the items have been seized by a government agency. Items might be seized in a raid, repossessed due to unpaid taxes, etc. Agencies that seize and sell items include the FBI, IRS, police departments, DEA (Drug Enforcement Administration), etc.

How are items sold?

Depending on the auction, items may be sold at an internet auction, at a fixed price, or at a conventional auction.

How can I find out about items for sale?

There are many ways to find out about items for sale. Searching the internet will provide you many websites that list government auctions. Some of the sites require a paid membership, others are free.

Tips for buying at government auctions

Look carefully at items you wish to bid on or purchase. Items are almost always sold as is, meaning that if it does not work as you expected it to, or other problem, arise, you cannot return the item.

If there is a preview for the auction you plan to attend, take advantage of it. In some cases, the items will not be available for review during the auction, so it is advisable to attend the auction preview to look at items you are interested in.

What other auctions can I attend to save money?

You may also want to check out foreclosed property auctions. Items at these auctions have been seized by a bank due to non payment of the loan on the item.

Best Way To Save For Retirement

If you are planning on renting a home or apartment and have a past bankruptcy, there are some things you should know.

First, you need to determine who you are planning to rent from – meaning a private party or a property management company.

Why does it matter? Because each one usually approaches the rental process very differently. If you dont know what their process is, you could end up being out $30-$60 in credit report fees.

There are a number of strategies you can use to increase your chances of being approved for a home or apartment rental. I know, because I have used them when renting in the past – both from private parties and property management companies.

Im not going to cover every single strategy here, as there isnt enough room, but heres one you can start with:

If you are applying for a rental with a property management company, find out what their rental criteria is. It sounds like common sense, but a lot of people submit a rental application, with a non-refundable credit report fee, only to be turned down because of their credit history.

Dont let this happen to you. If you know what the criteria is in advance, and you find out by asking, you will at least have an idea of whether or not you can qualify.

If you have a bankruptcy it doesnt necessarily mean youll be declined. Much depends on the property management companys guidelines. For example, a property management company may still rent to you – but maybe theyll ask for a higher security deposit.

In After Bankruptcy Credit Solutions I go into more detail on specific strategies you can use to increase your chances of qualifying for an apartment or home rental.

I do not have enough room in this article to discuss strategies when it comes from renting from private parties. However, it can be a much different experience than renting from property management companies.

In my experience, private parties tend to be less rigid in their rental screening process. This means there are some things you should NOT do during the rental screening process – otherwise you could end up being turned down pretty quickly. But Ill save those for another article on renting after bankruptcy.