How to Stop Relying on Data & Save More Money

Data — when it works, it’s one of the biggest perks of owning a smartphone. That LTE symbol in the top corner of your screen means you can scroll and stream your way through the Internet.

It also means you may be paying top dollar for the privilege. Without an unlimited plan, it’s easy to go over your data and rack up hundreds of dollars in penalties.

If you want to avoid another month paying overage charges, try out these simple tips. They’ll help you change the way you use data, so you don’t have to pay an arm and a leg to browse.

Save money

Match Your Plan to Your Usage

It’s easy to say you’ll stick with a restrictive data limit to save money, but it’s an entirely different thing to actually do it.

Setting an ultra-low limit is like setting yourself up for failure. If the average person uses a little more 30 GB a month of both wireless and cellular data, something like 200 MB may not be a realistic goal.

While 200 MB may be too restrictive, 2 GB may not be. It’s all about finding that data sweet spot that’s affordable without being impractical.

Tap open your settings and look under Data Usage to see how much you’ve used in past months. Use this figure to choose a new plan with a limit that’s restrictive without being impossible.

Change Your Carrier

The biggest names in the data game are like brand name sneakers or purses. The name of the brand is what makes it more expensive. AT&T, Sprint, T-Mobile, and Verizon are some of the most common carriers in the US, yet they often charge the most for their plans.

By switching to a smaller and prepaid competitor, you could end up with more data for less money. According to cell phone expert Christine Gallup, the switch could cut your monthly bill in half.

Change Your Data Habits

If you don’t have an unlimited plan, there are some things you should never do on data. Falling down a click hole on YouTube or listening to your Spotify playlists are prime examples.

Apps that stream video and audio are the worst culprits for data overages, but they aren’t the only reasons why you go over your limits. There’s a long list of apps that use more data than you realize.

Once you identify the data guzzlers on your phone, here are some tips to help you work around these apps:

  • Wait until you’re on Wi-Fi to check your notifications
  • Download playlists, podcasts, and videos when you’re on Wi-Fi
  • Turn off automatic downloads and set it so your phone only updates apps when on Wi-Fi

Have a Contingency Plan

Although you have the best intentions to stay under your limit, you may still go over it.

Things happen. If you get lost, you’ll have to rely on Google Maps to find your way home. If you forget you didn’t actually download that episode of In The Dark, you’ll stream it during your walk.

If your higher-than-normal bill arrive as at the same time as an unexpected expense, you may not have the savings to cover everything.

If you don’t have extra savings set aside for emergencies, an online lender can help you pay off data overage charges. They offer short term loans online that are ideal for last-minute emergencies when you’re low on funds.

Online lenders are faster alternatives to traditional lenders because their digital platform operates 24/7. To find out how their online platform helps you, you can learn more about online lenders and their installment loans before you apply.

When you’re regularly using too much data, the obvious solution is to upgrade to an unlimited plan. But as data gets more and more expensive, that’s not always right for your budget. Luckily, there are cheaper ways to control your bill. Change the way you use data to see how much money you can save before you lock into a more expensive plan.

Where to Get Funding for Small Women Businesses

Business identityDespite the need for skills and determination to start a small business, there is a need for money. Competitive business environment makes it harder. Women being the fair gender face more challenges due to market constraints. Such constraints include limited access to information and bias.

In the U.S women own 39% of all companies. Although the numbers seem good there is the need for improvement towards reducing the gap between male and female-owned businesses.

Five best sources of loans for small women businesses

  • Local female-centered group loans within your region – women-owned businesses have overwhelming support from many states. Information such as cash flow projections, income tax, credit authorization, and financial statements are required. Though the loans might be small depending on location, the most significant advantage is adequate time to pay back.
  • Peer-to-peer business loans. Lending club is among the platforms of peer to peer lending. The lenders act as a connection between investors and clients in need of money. This form of loans has no restrictions regarding spending. The loans have no restrictions on use and are offered in flexible terms. The business though has to meet some revenue score to acquire the loans.
  • Small business administration loans. The loans have meager interest rates and are offered to small businesses whose credit score can’t qualify for other investments. These loans require collateral and a healthy business plan. The most significant disadvantage is the time needed to secure the loan as well as the difficulty in acquiring it.
  • Traditional banking institutions loans. These include banks and insurance agencies. Loans from these institutions have a constant interest rate. Research has shown that banks usually process long for businesses to reduce the motivation for small businesses likely to fail. For this kind of loan, the company must provide collateral such as building, land or vehicles.

The above discussed are the most accessible and reliable channels for women loans to start a business. Other channels include bootstrapping, invoice factoring and selling business equity to potential investors. This help women businesses which don’t have enough revenue or collaterals to secure loans from banks.

Why is it hard for small women businesses to get loans?

  • Small community finance institutions have vanished. More prominent institutions have submerged the smaller community banks. These big banks are not willing to give small loans to these women businesses due to high risks. This hinders the growth of potential companies owned by women.
  • Modern business is more of service provision oriented. These businesses lack the criteria such as collaterals required by banks to give loans.
  • Venture capital is only concerned with companies with relatively high potential to grow.

Women being minority groups face a more significant challenge in acquiring financial support for businesses. The founder of CCVRS, INC., Craig Lambert ascertains that a company can only be successful if there is some risk involved. There is a need to reduce gender biases to secure women loans to start a business venture.