More than 50% of renters say they have already spent or anticipate spending more money on their moving costs this year as compared to years past (according to a recent Apartments.com survey). To relieve some of this burden, security deposit alternatives such as SureDeposit can help offset these escalating moving costs in today's tough economy. Security deposit alternatives, most often found in the form of a surety bond, help residents lower their move-in costs because the non-refundable bond premium equals a fraction of the cash outlay of a traditional security deposit.
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"The cost of food and gasoline continues to rise, and escalating moving costs only add insult to injury," noted Richard Schreiber, president of SureDeposit, the nation's leading provider of security deposit alternatives to the multifamily industry. "This, coupled with the fact that more renters plan to move to another apartment this year, underscores the real need to help people reduce their cash outlay at moving time. This is especially true in today's wobbly economy that has so many people tightening their belts."
According to a January 2008 Apartments.com survey, two key factors driving 55% of renters to move this year are relocating for a job and reducing the cost of rent.
Security deposit alternatives, most often found in the form of a surety bond, help residents lower their move-in costs because the non-refundable bond premium equals a fraction of the cash outlay of a traditional security deposit. For example, for $500 worth of coverage for the community, the resident need only pay an $87.50 premium to SureDeposit for the security deposit alternative. For $1,000 of coverage, the resident would pay a $175 premium. By freeing up cash that might otherwise have been tied up for the duration of their lease term with a refundable security deposit, security deposit alternatives such as SureDeposit can help residents reduce their move-in expenses and find better uses for their money when they need it most.
"Testimony to the allure of the lower move-in costs associated with our program is that nearly 80% of incoming residents choose SureDeposit, when offered the opportunity, versus paying the traditional security deposit," Schreiber noted.
"In addition, owners and property managers are successfully offering SureDeposit as a resident retention tool by returning a resident's original security deposit and allowing him to pay the less expensive surety bond premium to SureDeposit instead. For the resident who chooses to renew his lease rather than move to another property, that is just like 'found money'," Schreiber noted.
SureDeposit's surety bond enhances a property owner's risk management while dramatically lowering a resident's move-in costs. With more than one million units in nearly 3,300 communities under agreement, SureDeposit is the nation's leading provider of alternatives to refundable security deposits for the multifamily industry. Founded in 2000, SureDeposit is headquartered in Livingston, New Jersey, and has regional offices in Arizona, California, Florida, Georgia, Indiana, Maryland, Nevada, Rhode Island and Texas.
For more information, call 1-800-531-SURE (7873), or visit online at
The Institute for Financial Literacy announced the winners of the 2008 Excellence In Financial Literacy Education ("EIFLE") Awards at the Annual Conference on Financial Education in Atlanta, Georgia on September 10, 2008. The EIFLE was created to acknowledge innovation and quality of financial literacy education efforts and the commitment of those that offer them.
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Educator of the Year: Dr. Julie Heath of the University of Memphis.
Organization of the Year (Not for Profit): InCharge® Education Foundation, Inc.
Organization of the Year (For Profit): Zions Bank®.
Institutional Book of the Year in the Money Management Adult Category: More Than Money Matters™ by Thrivent Financial for Lutherans.
Institutional Book of the Year in the Money Management Children Category: It's a Habit, Sammy Rabbit! by Sam X. Renick.
Trade Book of the Year in the General Adult Category: That's What It Means! - A Practical Guide to Everyday Finance Terms by Peter Woan.
Curriculum of the Year in the General Children Category: It Just Adds Up by Sue Lynn Sasser
"The Excellence In Financial Literacy Education Award recognizes the hard work and effort of the individuals and organizations trying to improve Americans' financial literacy" said Leslie E. Linfield, Executive Director of the Institute for Financial Literacy. "This work has become increasingly relevant to Americans over the past year, and the Institute is pleased to help raise the visibility of these efforts through the EIFLE Award."
The Institute for Financial Literacy is a tax exempt non-profit organization whose mission is to make effective financial literacy education available for all American adults. The Institute accomplishes its mission by working with organizations to incorporate financial education into their existing services. The Institute also provides direct delivery of financial counseling and education to the general public. As the national authority on adult financial education, the Institute advances professionalism and effectiveness in the field of financial literacy by setting the National Standards for Adult Financial Literacy Education™, hosting the Annual Conference on Financial Education™, maintaining the Library of Personal Finance™, and administering the Center for Financial Certifications® and the Center for Consumer Financial Research™. For more information please contact us at 207-879-0389 or visit our website at
Ty Coughlin has earned a fortune through his series of Web-based businesses, and has recently automated his most successful business model so that it can generate revenue with almost no maintenance or intervention. He is now seeking 120 qualified applicants on his Web site at CashIndependence.com to join him in this lucrative and proven money making opportunity.
Coughlin is looking for 120 motivated applicants from all walks of life to join him in expanding the turnkey home business that paid for his luxurious oceanfront home in Hawaii and allows him to make six figures per month while working only a few hours each week. He has established an e-mail contact form on Cashindependence.com for anyone who is serious and truly interested in learning more about how to be considered for this home business income opportunity.
What distinguishes the opportunity at CashIndependence.com from most other automated home business online is that Coughlin's model is an
"I'm not some information-selling guru who wants to sell you useless information products," explains Coughlin. "I'm going to show a select group of people exactly how this automated system for your home business can work. This system will work for anyone; as long as you have a home computer and know how to check your e-mail, this system will work for you."
The user-friendly interface of Coughlin's computer home based business system is a critical element of its accessibility to all interested entrepreneurs. No special skill, experience or education is required of qualified applicants to the program. Only a basic understanding of Web browsers and e-mail applications is necessary. Comprehensive training and mentoring resources are provided to all applicants who are approved. After you have had a chance to review the information sent to you, there is a $50.00 application fee if you want to be considered. The $50.00 fee is refundable if you are not approved. Coughlin comments, "This is only set up to avoid applicants who are not serious about starting a home based or internet business. We find this effectively weeds out the people who are just tire kickers."
To learn more about how you can establish an automated system for your home business, you may get the information sent to you immediately by going to:
Cashindependence.com is a Web site where ambitious entrepreneurs can get resources and information on a proven turnkey home business capable of generating six-figure profits. Anyone interested in making money while working from home, regardless of their experience in business or with computers, can apply to participate in this exclusive opportunity.