Cash Allowance

  

For those who travel for work, a cash allowance is a welcome benefit to cover travel expenses. This way, you will not have to pay all your hotel and meal expenses upfront, and then wait for who knows how long to be reimbursed.

Cash allowances are handled in different ways depending on how much you travel and on your particular company's policies. If you are a bigwig in international sales, for example, you might be on the road just about every day. The company could then just give you a lump sum per year in addition to your salary, and then you would deduct all your expenses on your tax return.

Other companies use a "per diem" federal rate (meaning per day), so if the company sets the per day allowance at or below the federal rate and the employee completes his or her expense report, it will not be considered part of the employee's wages.

The term "cash allowance" is also used by auto dealerships as an incentive for customers to buy a car now. The allowance is subtracted from the retail price and is usually good for only one or two months. However, a good negotiator can usually get a better deal than just a cash allowance.

All of this is very different from a "cache allowance," which has to do with the DRAM on your computer. (Four nerds are laughing at this joke. Some things, you just do for a small audience of your own.)

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Finance: What are Credit Scores and Wort...21 Views

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Finance allah shmoop What are credit scores and credit worthiness

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Remember that scene from wayne's world Alice cooper lets him

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backstage They bow and chant Where'd i worthy We're not

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worthy Well basically just swap one of the greatest rock

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and roll singers with your local banker Yeah well as

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much as you'd rather hang out with alice cooper this

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nerdy guy here is wet A more important to your

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credit That long hair thing worked when he was in

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his twenties And not so much now I guess Anyway

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if you have a bank account or a credit card

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or are generally tapped into the banking and credit system

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of the world in any way shape or form you

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have a credit score You might not know it But

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you do Where does that score come from And yeah

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It's known as yours Fico score While fico stands for

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fair isaac corporation that's a publicly traded company and that's

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what they do they provide credit scores and they try

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to be fair like isaac Anyway those scores were requested

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and released through one of the big three credit bureaus

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Equifax experian in trans union Oh my These guys give

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you a number That kind of thing finds your reliability

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in making payments to banks or other lending institutions who

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might loan you dough Well why would you care home

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Because that number you get directly affect the price you

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pay to rent money The worst Your credit score the

01:28

higher your rent have will likely be in who likes

01:31

to pay high rent especially when it comes to renting

01:33

money Well the worst fico score is a zero and

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were wondering what you'd need to have done Teo get

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that like three bankruptcies in a bank robbery Maybe Well

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we want to meet the third guy who loaned you

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money at that point Anyway the bill gates perfect score

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is an eight Fifty on such a show off And

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here are roughly the breakdowns for how banks think of

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credit Score c it's all color coded here with the

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red yellow and green Well the goal here in having

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a score is to determine your reliability in paying back

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a given loan Yes the amount you're borrowing also matters

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But to speed up the initial evaluation of you is

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a borrower Wealthy credit score is applied to you and

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it lets banks quickly come to a yes or no

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or ah maybe decision Yeah quickly that credit score thing

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helps and if the answers and no well then you

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can always backpack across the country and stay in youth

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hostels So yeah you don't want to be murdered by

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