...In our world today, things have changed from time to time. In terms of earning and saving money, there are several ways for you to try them on your own. After all, it’s all about earning income. But there are some individuals or groups who are creative and innovative enough to find lucrative ways to earn extra cash online and offline. They’re just gathering up ideas, daring to take risks until those “out of the box” methods may work not just for them, but for others too. But sometimes, they’re crazy enough to use these lucrative ways to earn money. In other words, they’re actually quite fun to do it. Did you know that those people who are successful in life, are the ones who have crazy ideas in mind and taking action with it? Absolutely yes!...
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...Advantages of Saving Money : Personal Finance Tips Posted by Ermelo Villareal on January 25, 2009 in Blogging, Money Talk, Netrepreneur5 Comments Saving money imposes great advantages for your Personal Finance in the long run. Think about sustainable living that eco-friendly communities apply. They are trying to reduce consumption in order to save our environment for further destruction thus providing good living conditions for thenext generation. The same principle should apply to your money saving. If you reduce your unnessescary expenses today and live minimally, you will be able to save something you can use in the future. That really makes sense, right? Every penny you get to save will grow. It may not look big now but if you start saving soon enough, and practice restraint, it will certainly rise. Saving money has its own advantages, like peace of mind. You have peace of mind when you know you got something in your pocket when some health emergency arises. Saving money also provides fulfilment and security especially when paying debt and liquidity as a whole. Saving for your retirement seemed premature while you are on your mid-30 but there is such a thing called early retirement and forced retirement planning. Unforeseen reasons may come up which could lead to these things mentioned so you better come prepared for it. You also have to save for rainy days. After all, you will never know when it will happen. With the worldwide economic crisis, people lose job everyday...
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...Ways to Save Money Teresa Christensen EN1150 - Composition I SP12 May 18, 2012 Abstract Saving money can be easy for some people and difficult for others. There are many ways to save money and a few of these will be discussed here. Saving money can benefit anyone. One can do this by eating out less, finding other ways of transportation, and only shopping for necessary items. People can save money by buying at the grocery store and plan meals. Carpooling can save a person quite a bit of money when they only have to pitch in for gas rather than filling their own tank. Buying generic versus name brand can also save a lot of money. This will help anyone to save money without taking away to many things that you like to do in life. Ways to Save Money There are hundreds of ways to save money. Many people just purchase what is easy and convenient instead of what will save them money in the long run. Saving money in some ways can benefit you in other ways. This can help you to plan family vacations or to get that one thing that you have wanted for a very long time. Some of the ways to save money include making food at home versus eating out, using alternate means of transportation to save on gas expenses, and making a list of items you need at the grocery store to ensure that you are not buying unnecessary items. When eating out, people spend more money than they would by buying items at a grocery store to make food at home. If you feel that eating out is much easier to...
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...or most kinds of purchases, you can get valuable advice and comparisons on the Internet. Ask a librarian or friends which Internet sites they think are helpful, or you can use a search engine like Google or Yahoo. Be aware that information you find is often biased. At many websites, the only products or sellers listed are ones that pay to advertise. Before buying anything on the Internet, check several websites and make sure you deal with reputable dealers. Transportation Airline Fares 1. Compare low-cost carriers with major carriers that fly to your destination. Remember, the best fares may not be out of the airport closest to you. 2. You may save by including a Saturday evening stay-over or by purchasing the ticket at least 14 days in advance. Ask which days of the week and times of the day have the lowest fare. 3. Even if you are using a travel agent, check airline and Internet travel sites, and look for special deals. If you call, always ask for the lowest fare to your destination. Car Rental 4. Since car rental rates can vary greatly, compare total price (including taxes and surcharge) and take advantage of any special offers and membership discounts. 5. Rental car companies offer various insurance and waiver options. Check with your automobile insurance agent and credit card company in advance to avoid duplicating any coverage you may already have. New Cars 6. You can save thousands of dollars over the lifetime of a car by selecting a model that combines a low...
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...Ways of Saving Money In our world everything revolves around money. Whether that means total amount of money you have or assets you own, money is main factor that decides what you can and cannot do. For example, people with lots of money can afford to splurge on things like fancy cars or exotic vacations. On the other hand people who are poor are often struggling to put the next meal on the table to provide for their families basic needs. It is often assumed that people who own nice things and go on vacations can do so simply because of the career they have of the family they were born into. This is not always the case, in fact the key to some people’s money woes can lie with the fact they do not have any money saving strategies. Three key ways to save money are: budgeting, investing, and saving. First off, an easy way to save money is with a budget system. You can set up a budget very easily by tracking how much you spend on a weekly, monthly, or yearly basis, then deciding on whether the things you are spending your money on are worth it or not. For example, if someone is spending $500 per month on fast food restaurants, that is something that may need to be removed or drastically reduced from their budget. When you have a budget it is easier to see exactly where all your money is going, and also makes it easier to set aside money for the future. Next, another way to save money is by investing. Once someone knows how much money they have and how much they...
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...Having a research strategy to saving money can be very useful in providing a first step in reaching the goal of financial security. It has been argued that the American society is materialistic and accustomed to instant gratification. Easy lines of credit and lack of proper money management have led many in deep financial straits. The recent high unemployment numbers and the deep recession have contributed greatly to this. However not everyone was affected. One major reason is because some were conscious about saving for a rainy day. In fact “Compared to a year ago, 50 percent more Americans are beefing up their savings account, according to a new survey by Money Management International, Houston” (Ginovsky J., 2009, p.12). Americans are realizing that savings must become a priority. I for one can honestly say that I am one of those Americans. I’m starting to feel the need to start saving more and spend less. My personal situation did changed significantly in the last year and is the driving force behind trying to save more. The fact that my son came into our lives is a wonderful experience that I would never trade for anything in the world. However the reality is that it does add a strain on the budget. Adding to this is the fact that my wife quit her job to stay home and raise our son. Also the decision to go back to school is another contributing factor that stretches the budget even more. On top of all of this within the last year I knew I would loose...
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...Saving Money by Using Power Management In the first paragraph of your Case Project, please give the purpose, situation, or outline of the topic you’ve selected. For example, CP 3-2 on page 147 of the text book indicates Gigantic Life Insurance is looking to save some cash, but I’m not going to give you the paragraph for your paper. Just give a basic recap of the paragraph in the book. It may be nearly word-for-word. The second and third paragraphs allow you to describe the proposed solutions, procedures, opinions, thoughts, positions, or whatever is required to satisfy the case objectives. Write this paper in the voice the text requests or just as a written response to me. These papers will not be read to the class, nor will they be harshly graded. The purpose of the Case Projects is to engage critical thinking in the realm of the subject and communication of ideas. This is not a writing course, but written communications is important in the IT world. Your final paragraph should include a recap of the objective and solution. Please remember to keep the audience in mind. If your selected topic is a letter to other IT folks, you may use technical jargon without a ton of explanation. However, if you’re to write a user policy for example, you should tone down the tech talk to end-user level. Remember to include AT LEAST one external source in each of your papers. This source may be anything you’d like as long as it has something, anything...
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...TOP 50 MONEY SAVING MEASURES 1. Switch lights off as soon as leaving a room 2. Shop around for the best products 3. Re-using carrier bags 4. Only boiling enough water for one cup of tea 5. Taking part in focus groups and online surveys to make money 6. Turning off the tap when brushing teeth 7. Cutting out coupons, money off vouchers and discount website links 8. Switch gadgets off when not using them 9. Bulk buy toilet rolls, washing powder etc 10. Only turn lights on when it’s really dark 11. Opt for own-brand products over expensive options 12. Wearing lots of layers instead of putting the heating on 13. No buying something until its cheap or you can find a voucher for it 14. Hanging clothes around the house instead of using the tumble dryer 15. Going to the reduced aisle in supermarkets at specific times 16. Driver at a slower speed to lower fuel consumption 17. Saving coppers and using change machines to convert into cash 18. Asking for presents you need rather than want 19. Waiting until after 6pm to phone anyone from the landline 20. Write a list for the food shop and don’t deviate 21. Re-heeling shoes rather than buying new ones 22. Using all the samples stuck in magazines 23. Bake cakes, jam, bread etc 24. Saving unwanted presents and giving them to other people 25. Having left over dinner for packed lunches 26. Re-using wrapping paper 27. Buying an old car rather than new 28. Making kids packed lunches instead of buying school dinners 29...
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...Walmart Saving Money by Cutting Benefits Walmart’s motto is “Save Money Live Better” and Walmart is cutting costs to save money by eliminating its health insurance coverage for part-time US employees that work less than 30 hours a week, starting in January 2015. The reasoning behind this is to control the rising healthcare costs and pressure from Wall Street to meet its bottom line. According to (TABUCHI, 2014) it affects about 30,000 employees, which is 5% of Walmart’s part-time workforce. I am currently employed at Walmart with a schedule of 32 hours and this does not affect me directly, but it if my hours were to decrease at the end of the year I might lose eligibility for healthcare benefits. The loss of hours currently affect some of my coworkers that are already currently working under 30 hrs. In 2011, Walmart claimed that it cut back his eligibility of health insurance coverage for their part-time employees who worked less than 24 hours a week, but in 2013, it moved it up to 30hrs or less. Some of the employees are unable to work full time including myself because of our college schedules or having children. In my opinion, it would be necessary for part time associates at Walmart to receive benefits to be able to meet their basic health care needs. Part time associates receive less pay then full time associates and cannot afford outside health insurance like United or Blue Cross. Most college students that are working would go for a period...
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...consider that if you had the money in your hand today, you would be able to get 12% annual interest, what is the present value of the gift? 3.In four years, you would like to purchase a villa in the Alps. You estimate that the property will cost you $52,500 when you are ready to buy. How much money would you need to invest each year at 6% interest so that you would have the $52,500? 4.You have estimated that you will need $13,000 to complete your degree in three years. How much money do you need in your account at this moment to be able to cover the expense? Your account bears interest at 10% per year. Part 2: Contribution Margin Problems Scenario: You have decided to open a pizza parlor in your hometown. You plan to deliver your pizzas in a four mile radius from your shop. Your annual fixed expenses are $54,000. You charge $10 for a pizza and it costs you $6 to make and deliver each pizza. Do not calculate income taxes for the purpose of this exercise. Complete the following problems: 1.Using the contribution-margin approach, what is your break-even point in pizzas? 2.What is the contribution-margin ratio? 3.Compute the break-even sales ratio using the contribution-margin ratio in your calculations. 4.Compute the number of pizzas that must be sold to earn a net profit of $60,000. Part 3: Research Report Research and define the following: A.Define personal saving. Also, differentiate between voluntary and contractual savings. B.What is the European Union...
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...December 10, 2010 Week 7 Assignment: End of Chapter Questions 1. Chapter 41.2 2. Chapter 41.7 Chapter 41.2 Definition of Security Yes, I believe that the notes issued by Co-Op were “securities”. Co-op offered the promissory notes to both members and non-members on the basis that they were an “investment program,” and they were offered at an interest rate higher than that available on savings accounts at financial institutions. I believe this note falls under an “investment contract.” An investment contract is a flexible standard for defining a security. Under the Howey test, a security exists if an investor invests money in a common enterprise and expects to make a profit from the significant efforts of others. In this case, investors bought the promissory notes, which were payable on demand and the invested money went to support Co-Ops general business operations. The investors invested their money into Co-Op and expected to make profits based on the efforts of the promoters. By definition, the notes in this case fall under investment contracts, and therefore qualify as a security. Chapter 41.7 Hoodes wins. Insider trading occurs when a company employee or a company advisor used material nonpublic information to make a profit by trading in the securities of the company. In this case, it is stated that “Hoodes did not possess material nonpublic information about Sullair when he sold or purchased the securities of the company. In the Matter...
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...You Are Never Too Broke to Save Money - Truth or Fiction? Most articles on how to save money are targeted at people who have at least some disposable income. And although tips on cutting back on expensive holidays and luxury items can be useful, they don't apply to those living from payday to payday. In this article we will provide some tips on how to save funds for those who are still struggling, even though they have cut expenses left, right and centre. Put your salary into a savings account A very good approach to saving money is to have your entire salary deposited into a savings account or an investment account. Do some research and find the best savings account that gives you the highest interest rates. Transfer only the money you need for bills from your savings account to your cheque account. This is a great way to save as there will only be cash in your cheque account for your monthly expenses while the rest of your money generates interest in your savings account. Adopt a "can" and "will" attitude There is a lot of truth in the belief that what we tell ourselves has powerful influence on our actions and ultimately, our realities. Saying "we can't" somehow becomes a self-fulfilling prophecy and we get stuck believing that nothing we do makes any difference. Changing your mindset will change your actions which will ultimately change your circumstances. Remove "I can't" and "I won't" from your repertoire, switch to "I will do whatever it takes to get a handle on your...
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...is increased by 3, the result is 28. What is the number? 5x + 3 = 28 -3 -3 5x = 25 -------- 5 X = 5 The number is 5. 2. If 4 times the reciprocal of a number is more than 5/2 times the reciprocal of that number, find the number. 4 (1/x) = 3 + (5/2) (1/x) 4/x = 3 + 5/2x 2x (4/x) = 2x (3+5/2x) 8 = 6x + 5 -5 - 5 3 = 6x -------- 6 X = ½ The number is ½. 3. John had $30,000 to invest. He invested part of this money in bonds paying 12% annual simple interest and the rest of the money in a savings account giving 4% annual interest. At the end of the year, he received $2,400 as extra income. How much money did John place in each investment? Bonds = x Savings = 30,000 – x .12x + .04 (30,000 – x) = 2,400 .12x + 1,200 - .04x = 2,400 .08x + 1,200 = 2,400 -1,200 -1,200 .08x = 1,200 ----------------- .08 X = $15,000 (amount put into bonds) 30,000 – 15,000 = $15,000 (amount put into savings) John put $15,000 into bonds and $15,000 into savings. 4. The length of a football field 180 feet more than its width. If the perimeter of the field is 1,060 feet, find the length of the field. 2w + 2 (180 +w) = 1,060 2w + 360 + 2w = 1,060 4w + 360 = 1,060 -360 -360 4w – 700 ------------ 4 w = 175 175 +180 = 355 The length of the field is 355 feet. 5. At a school choir concert, 256 students are standing in rows. If the number of students in each row is equal to the total number of rows...
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...thought about my bills and everything else that money was spent on was not a second thought to me . With the current state of my finances bills are paid off every three months which at first glance made me question my financial plan but after close examination I can see that my financial plan sets me up and helps me save money. I can’t honestly say that there has been a real big change for the financial outlook for the future. The reason that I say this is because as stated earlier I had not previously put real thought into the financial outlook of my future. With that mindset it is hard to change a view of something that you never thought of previously. This course however has given me a new insight into my financial future. I now look forward to saving money in hopes that it can grow and one day I can live comfortably. I think that I now look forward to continuously making money in order to put away for the ability to relax at the age of 65. I also think that I have started to think about the future of things such as Social Security which is something that I had not thought about previously. With Social Security I hope that when I get of age I have made enough money to be able to get Social Security and have that extra income on top of what I have been able to save and hopefully invest up to that point. I think that this course has also helped me when it comes to my marriage and how we approach money. Through this course I have been able to show...
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...Explanation of Personal Savings Rate The Personal Savings Rate in the United States is a very important figure to understand. Between the economic crisis and 2007 and the expansionary period of 2009-2012, one can notice clear fluctuations in the figure from year to year (1). Regarding the time period of 2007-2012, there are several noticeable highs and lows, including in 2008 with over 8% whereas middle of 2007 is seeing around 2% (2). What has caused these changes in savings and why such drastic changes? Economists have struggled to produce concrete answers to describe these changes, but one major reason is a shift in the mindset of our country’s lifestyle. In order to really understand this shift, we must look at the trends in savings overtime. In the 1970s, the savings rate was 9.6%, but in contrast the savings rate of the last quarter of 2012 was 3.6% (2). We have evolved to become an economy that spends almost all of our disposable income, rather than working and saving for the future. One possible explanation for this increase in consumer behavior is with the extremely aggressive marketing and advertising campaigns led by credit card companies. Today almost anyone can open a line of credit, and this has led to some serious issues. Although we see in the graph the savings rate improved during the 2008-2009 period, the overall savings trend has decreased dramatically and will most likely remain low until citizens are forced to save via higher interest rates (3). After...
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