Archive for September, 2009

  • Most Frugal Cities of America in the Past One Year>
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    Most Frugal Cities of America in the Past One Year
    I must say the leading financial website Mint Life comes up with many interesting comparisons that let us know how we’ve been faring in comparison to our neighbors in this nation. This morning I saw this map that tells you about the most frugal cities of America in the past one year and how the spending differs on various categories. You can take a look at the map here. This map has been made after a survey on 1 million Mint members and it has been made analyzing 20 cities over twenty spending categories. The analysts made groups of 5 of cities which were spending less than the national average for the last one year in specific categories in which they were cutting the most. The expenditures shown below are the average monthly expenditures made by people belonging to 5 cities in the least  [...]
    at September 17th, 2009 at 04:09 am
  • Experienced Advice In Investment>
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    Experienced Advice In Investment
    Advice on investing your money comes in abundance these days, but how can you be sure that you are getting the best of it? You visit a financial advisor, or a website or a magazine and try to get information. A lot of these are good at guiding you. But, only a person who’s had first hand experience in investing can give you the best possible because he’s gone through the entire process and knows the pros and cons of taking a step. Here are some tips that I’ve gathered from personal experience as well as by observing other investors. Start Young As most good things in life, making investments when young also pays off well. Compound interest works the best over long term steady growth of assets. You have ample time with you for making your investments grow at a slow and steady pace. Register  [...]
    at September 16th, 2009 at 04:09 am
  • Why Should Recession Make Your Wedding a Seasonal Affair?>
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    Why Should Recession Make Your Wedding a Seasonal Affair?
    Marriages are made in heaven. But sadly enough we don’t live in heaven after that. We come to this earth where money rules and we’ve got to plan our weddings once more according to our financial capabilities. No more is it like in God’s land where marriage is a matter of two compatible souls. It’s more a matter of compatible wallets today! Apart from gifting your partner there are a lot of expenses involved in the celebrations! Well we don’t mind that actually because it’s a once in a lifetime, oops sorry…a supposed-to-be once in a lifetime occasion (these days rising divorce rates have made marriage a multiple times affair!)! But when you’ve suffered the recession, do you think you have enough money to host a gala event for the occasion? If you think you don’t, no need to  [...]
    at September 15th, 2009 at 04:09 am
  • It’s Time To Learn From The Bear, Not Harness The Bull!>
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    It’s Time To Learn From The Bear, Not Harness The Bull!
    If it weren’t for this recession being an investor you’d have thought about umpteen ways to carve your niche in the bull markets. But circumstances suggest that you learn things from this bear market and implement your knowledge wisely to make less risky and profitable investments. Here are certain enlightening tips that you could use to make your investments in the present conditions and prepare yourself better for a similar eventuality if it ever happens in future. Don’t Follow Media Blindly If you’ve kept yourself updated with the happenings on television, you might know about how Daily Show host John Stewart took to task Mad Money host Jim Cramer for wrongly advising people to go for Wall Street investments in preference to savings and retirement 401k.Watch the interview on Indecision  [...]
    at September 14th, 2009 at 02:09 pm
  • Killer Tips To Manage Your Business Finances>
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    Killer Tips To Manage Your Business Finances
    You might have got a lot advice about managing your personal finances during recession but managing your business finances is as important as managing your personal finances because both bear a complementary relation to each other. The recession might have been very discouraging for independent businessmen but you should know certain ways in which you can protect your profession and professional finances so that you have your income flowing in. This is how you do it: Get associated with a good credit union. They are the ones that really know your business requirements and will help your business with finances and services whenever required. There are plenty of online resources that’ll help you in locating reliable credit unions. They might ask you to take an affiliate membership. Just go  [...]
    at September 14th, 2009 at 04:09 am
  • Health Insurance Fines Are A Punishment To The Poor Man>
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    Health Insurance Fines Are A Punishment To The Poor Man
    According to an Associated Press release if Democrat , Sen. Max Baucus, Montana were to have his way, according to a plan that made health care insurance mandatory for all Americans you might have to cough up to $ 3,800 as fines for not taking the health insurance. Ridiculous isn’t it? But this seems to be an outcome of the Baucus’ efforts to make premiums stable and affordable. The President is not party to this. According to him “Punishing families who can’t afford health care to begin with just doesn’t make sense.” Earlier he had proposed a compulsory health insurance only for children. But the Baucus proposal seems to be applicable to all Americans regardless of their ages. Individuals would be charged $750 annually and families would be charged $1500 in the  [...]
    at September 13th, 2009 at 04:09 am
  • What Is Recovery With Unemployment High?>
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    What Is Recovery With Unemployment High?
    You might have heard in recent times about the fading recession and the recovering economy but is there reason no for us to rejoice when unemployment is so high? According to Labor Department reports August 2009 saw an unbelievable percentage of 9.7 % in unemployment which his the highest since the last 26 years! With such a large mass jobless can we think that we are in anyway in the proximity of economic progress? Salaries might have increased for the already employed and people’s spending powers might have increased in the past few days which might make us think that the economy has improved. But when so many people are depressed because of job losses we cannot think that any kind of major economic progress has been made. The recession has hit the psyche of the common American negatively.  [...]
    at September 12th, 2009 at 04:09 pm
  • Does America Remain The Economic God In Future?>
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    Does America Remain The Economic God In Future?
    Till now America’s the economic destination of individuals from all over the world. America, the sole superpower with one of the most flourishing economies of the world, was aptly labeled as the land of opportunities by many. Not only the American nationals but immigrants from the rest of the world have utilized the economic resources of America to climb up the ladder of success. Education and employment in America has been the dream of many. But the recession seems to have changed the dynamics of this unique position occupied by America in the global economy. There’s a fall in its economic stature and the world seems to be shifting its focus to newer pastures. Is it time for us to now think that America’s going to lose its status as an economic God in the future? Well, at present many  [...]
    at September 12th, 2009 at 04:09 am
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    What You Should Do In The Case Of an Identity Theft
    Identity thefts seem to be a common thing these days and even the savviest amongst us don’t seem to be immune to this menace. If this could happen to chairman of Federal Reserve Ben Bernanke and to personal finance expert and coach Harraine Freeman, this can happen to anybody. In both cases purses that carried the financial credentials were stolen from their cars. Bernanke’s wife Anna’s purse that carried his credit cards, social security card, checkbook, and IDs was stolen. On similar lines Freeman’s purse that contained her health insurance card, driver’s license, check book, car registration and house keys was stolen. In both cases bank transactions were done by the thieves and money was withdrawn from their accounts. Upon this rapidly growing crime, Bernanke says, “Identity  [...]
    at September 11th, 2009 at 11:09 pm
  • Obama’s Saving For Retirement Goodies Look Good!>
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    Obama’s Saving For Retirement Goodies Look Good!
    Saving for retirement seems to have been a hassle for many of us. Even though I wanted to save up, I could not because of the bad economy and survival issues in the present times was the priority. But now the Obama retirement savings schemes seem to have made it easy for us to save up something for that period when we’ll not be earning anymore. According to the Bloomberg report , the President on  radio coverage says that the savings of the nation is “essentially zero”. He says, “We cannot continue on this course. And we certainly cannot go back to an economy based on inflated profits and maxed-out credit cards.” Its rather alarming to know that 78 million Americans that constitutes half the work force don’t plan for retirement! According to treasury Secretary Timothy Geithner,  [...]
    at September 11th, 2009 at 02:09 pm
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