TessMore Finance Blog

The term “ Payment Plan ” means an agreement that involves equal monthly payments. Borrowers or creditors always organize and decide about an agreement beforehand. The plan takes place for a set duration of time. It usually occurs at the pace of installments, which are paid at the due and predetermined time. Some forms of payment plan in consumer finance contain a monthly schedule—for example, auto loans and point-of-sale retail loans. Also, the customer makes a determined payment monthly in a finance payment plan. Until the borrower pays the balance in full, the amount continues. Other names for payment plans are layaway plans, installment plans, and credit plans. Understanding The Concept Of A Payment Plan A payment plan is also known as an Installment Payment Plan. It ensures the payment of outstanding debts on time. The sectors which involve critical and expensive purchases apply the “payment plan.” Auto, mortgage, and college tuition payments come under the category of these...

Is it your dream to become a chartered financial analyst? Well, many people have that dream but fulfilling it seems a daunting task to them. To pursue a chartered financial analyst career, you must pass a series of tests. These tests will certify your competence and integrity needed for a chartered financial analyst. However, passing the CFA exam is undoubtedly a challenging task. Many candidates try their luck each year, but only a few pass the exam and fulfil their dream of becoming chartered financial analysts. To pass the exam, you will require many skills, from analytical skills to expertise in economics, financial reporting, portfolio management, and investment analysis. Qualifying the level 1 of the CFA  exam will be the first step toward receiving the CFA designation. However, even if it is the first step, it is as challenging as the final one. Candidates are tested in almost 10 complex topic areas. The variety of topics, along with exam anxiety, is one of the main r...

I recently went through the process of canceling my cable package. It’s one of those things where you don’t really think about how often you use it. I’ve written about how you should use a time journal to track how often you use something but sometime during the pandemic, I was just in survival mode. The cable package wasn’t expensive but it wasn’t cheap either. It was just there. I rarely watched live TV too and I knew this. So this past weekend, I spent a few minutes with a chat representative to cancel my package. I was surprised how much I could save without it. I was wasting all that money! One of the a la carte options I’ve been considering a streaming service like is DIRECTV. If you’re like me and thinking about DIRECTV, here are some promotions to help you save a little bit more on your package. Table of Contents DIRECTV Packages Active DIRECTV Promotions (July 2022) $10/mo Off + $100 Visa Reward Card 3 months of premium channels DIRECTV Packages First, bef...

So far in our investing series, we’ve covered a lot of important topics about investing, such as the different types of investments , the benefits of investing, how to invest in real estate, and more. These are all necessary topics that you need to know so that you can have a solid grasp of how investing works. And in this chapter, we’ll be discussing how to calculate ROI. The goal of this chapter is to provide you with a basic understanding of how to calculate return on investment , or ROI. ROI is a metric that is used to evaluate the profitability of an investment . It’s a ratio that compares how much you paid for an investment versus how much you earned from it. Knowing how to calculate ROI is crucial so that you can understand the efficiency of your investments and make smarter financial decisions. And fortunately, you can use an investment calculator to help you calculate your ROI. To learn more about how to calculate ROI and how you can use our investment calculator to do so, c...