Advice on Budgeting Money

By Joe James

Budgeting is an easy thing to do but like all easy things, it is something people have the hardest time doing. It's easy to spend money. It can go easy with a few dollars here and a few dollars there. Yet with just a few simple changes to how you live, you can save lots of money and have much better budget, which is important in this economy.

Pay only cash when you visit a super market or mall. That will help you in only buying stuff which you need. If you are using credit card, only use it to the extent that you can pay it off in a months time. Keep your card expense to the minimum. If you have more than one card, try and close the others. Keep only one card and deal only with a single lender. It's easier to track your cash and you become aware of your spending easier.

If you want to learn how to budget, you need to learn what you are spending your money on. Write a list of all your expenses and categorize them based on importance. List the essential ones first (ie utility bills), then other important bills (like food), and discretionary expenses (like shopping) next. After you do this, you'll have a clear idea as to what is important and what can go right away.

Before going grocery shopping, check online at your neighborhood stores as to what the rates are. Utility items like meats, poultry, veggies, fruits have an expiry date within a week. Go on the last day to buy. You are sure to get these items at half the price. Also look out for sale and discounts. Nowadays online stores offer many discounts.

One of the easiest and greatest ways to save money is to stop eating out. Restaurant food is very expensive and if you eat out a lot, you will have a big food bill. However, eating in and cooking your own food is a great way to save a lot of money. You'll learn how to cook and you'll cut your food bill in half. Food is one of the biggest expense people have and one of the quickest and easiest things to cut.

There are many ways people can cut their budget and save more money. Mostly it is by eating out less and reducing your discretionary income. This is the hardest part people to do- we are built to be consumers. However, if you plan on cutting your budget you really need to make hard choices. Everyone has fat in their budget they cut. - 23222

About the Author:

Joe James gives financial advice for a living. He resides in the southwest of the United States and is a retirement specialist. You can find out more information at his website about financial information and advice.

Is Trading on Forex like Trading on the Stock Market?

By Alex Miller

Many individuals have seen their portfolios decline in recent years as a result of the financial problems that many of us are experiencing. That is one of the reasons why many of them have turned to the Forex market in order to build back their nest egg. This particular market offers us opportunities to do this because it is a zero-sum market in which everybody either wins or loses for one particular trade.

Whenever you first get started trading Forex, there are a number of different things that you need to keep in mind. The first thing that is often overlooked by many individuals is the fact that it is impossible to trade directly on the Forex market. In order for you to place any trades, you're going to have to do so through a qualified broker and they will place the trades for you.

Many people also misunderstand the fact that the Forex market is a 24 hour market but that does not necessarily mean that all of the markets are open 24 hours a day. During the business week, one market will be closing in one area of the world while another will be opening in another area, allowing you continuous access to at least some part of the Forex market during that time.

There are several different terms that you will need to become familiar with whenever you are trading on the Forex market, such as the pip. This is the smallest amount that you will be able to trade and it is usually expressed as a number of the currency that is being traded, takeen out to four decimal places. This is one of the things that tends to trip people up but the terminology is not all that difficult, once you get used to it.

Being able to trade on the Forex market in real time is also something that many individuals are interested in. This is done by trading with the Forex platform online. Not only does a platform give you access to a qualified broker, it also gives you access to many of the tools that you need as well as tutorials to help you through every step of the process.

One final thing that you might be interested in looking at are the programs that are available to help you trade on the Forex market in a variety of different ways. Some of the more popular of these programs help to give you directions as far as the way that the market is going to move that particular day. Others either partially or fully automate the process of trading on the Forex market. Make sure that you review these programs carefully before using them as some of them are worthwhile using and others are better left alone.

That is why we recommend that you always look at a review website before deciding on which of these systems you are going to employ in your own trading practices. By doing so, you will be out on the make an informed decision on what it is that you should be using it and what it is that you shouldn't. - 23222

About the Author:

Make sure that you look at our Forex Beater Review before making up your mind whether to purchase or not.

Forex Trade at a Glance

By Bart Icles

Foreign Exchange, Forex, or just plain FX are the names used to describe the trading of the currencies of the countries around the world. By far, the Forex Market is the largest trading market compared to stock or futures trading market and other investment portfolios. Majority of Forex trading is based on speculation done by individual and institutional speculators which is roughly about 85% of the market, with the remaining 15% of trading for goods and services. Forex trade transactions amount to more than USD 1 - 3 trillion on average in a daily basis.

The main purpose of the Forex market is to help facilitate the trade and investment of various investors of the world by providing the means to exchange one currency to another.

Forex market business is termed as an OTC (over the counter) market, and is facilitated by "interbank" marketing such as email, fax, or phone. For a trade to be consummated there has to be two parties directly involved by way of telephone or electronic networks. Forex Trading is not conducted by a central exchange, nor by one ruling central body but through the many trading centers spread across the world. These are in Sydney, Tokyo, London, Frankfurt, and New York. With a trading system so designed, the Forex market is able to operate non-stop in all days of the weeks except Sundays.

In essence, a currency trade is when there is the simultaneous buying and selling of one currency to another currency - usually for one that it is paired against. This currency combination is termed as a cross, e.g. the EURO/USD, or the GB/Japanese Yen. Currencies that are most commonly traded as known as the "majors" like the EURO/USD, USD/JPY, USD/CHF, and the GBP/USD. The USD is currently ranked as the top traded currency in the world, followed closely behind by the Euro, Japanese Yen, Pound Sterling, Swiss Franc, Australian dollar, Canadian dollar, Swedish Krona, and so on.

Some common yet important Forex trading terms to remember are the spreads and Pips. Spreads means the difference between the price of a currency that any trader can sell at (Bid) and the price a currency can be bought at (Ask). A Pip is the smallest increment by which a cross price changes. In Forex trading a trader may often encounter a 3 Pip spread when trading majors. This spread is seen when comparing the bid and ask price of a paired currency. An example would be: EUR/USD quote is with a bid price of 0. 9876 with an ask price of 0.9879 = USD 0.0003 or 3 pips. - 23222

About the Author:

Finding a good forex broker starts with a desire to learn and a drive to become a great trader. But learning online forex takes dedication and a good teacher. But once you learn how to trade and do so successfully your life will change and you have options and financial resources you never had before.

Wall Street Detects Wealth Redistribution And Monetary Policy

By George Ward

There is this story about small town in Honduras nestled on the coast of the Caribbean. With about one visitor a month, the economy wasn't boding well for the town and all its citizens, it seems, were living on credit and in debt.

Out of the blue, a wealthy tourist arrives into town and makes his way to the only hotel which also has a bar and restaurant and wants to be shown a room. He put $100 bill on the counter and asks if he could have a meal before he inspects the rooms. Seeing the $100 bill, the owner runs off and uses it to pay off his bill at butcher supply.

The produce supplier and meat packaging supply guy takes the $100 bill and runs off to pay off his debt to the rancher. The rancher runs out with the $100 bill to pay for feed costs. The feed and grain merchant runs out and pays his bill for fuel costs.

Compelled to make good on past debts, the fuel dealer takes the $100 bill and pays his debt to his personal prostitute. Because of hard times she gave out her services on credit and she now pays her debt to the hotel for past rooms rented for her clients.

Seeing the $100 bill back in his hands, the hotel owner lays the bill back it its original location. The wealthy tourist finishes his meal and feels refreshed and decides on foregoing the room inspections and stay at the hotel. He returns to the front desk, pays for his meal with pocket change and takes back the $100 bill and leaves to continue his journey.

The story behind the tale is that, since everyone in the town was in debt, just the mere circulation of money with no real wealth created in any ones pockets, allowed for bills to get paid and improved everyone's balance sheet. No one put money in the bank but progress was felt.

Now the wealthy tourist was impressed by his meal and had nice things to say about the town and it became a news story. Soon after, 8 new tourists make their way to the town hotel. The owner overcome by the bonanza of new customers wants to raise his room charges and menu prices. The butcher, rancher and feed and fuel suppliers are in the throes of raising their prices. And the prostitute needed to raise her prices in order to cover the increased room rates.

What has happened is that liabilities transferred from one balance sheet to another. As everyone knows, paying debts keeps money in circulation as long as the debts remain in place. Once they are paid off, new borrowers for loans need to be found. But when "green shoot" optimism begins to reign, everyone wants to raise prices. And the race begins unless monetary policy tightens money supply. If you chose to fly ahead of impending news, get your Wall Street Journal subscription today. - 23222

About the Author:

Timely financial news delivered to your office or door, 5 days a week buy Wall Street Journal. PLUS included in your price you'll receive the Weekend Edition, dispatched to arrive on Saturday to any address. Get it for the year to get the best rate, saving the largest percentage off the cover price, plus getting 2 weeks free.

Stock Trading Advisory Services

By Michael Swanson

If you are still paying a broker for his precious insight into your investment portfolio, you need to know that there's a better way. You don't have to fund their next vacation to the Turks and Caicos; you can get some serious help with your trading habits from an inexpensive, reliable source. Think about taking a break from your codependent relationship with your stock broker and look into a stock trading newsletter.

A good stock trading newsletter will also explain the fundamentals of buying and selling stock and options and give you an outlet for learning. When you're on with a good, reliable service, you can say goodbye to endless hours of planning and plotting. Listen to what the experts are telling you and feel safe in your next trade.

But how do you know if you're being scammed or not? Here's where you want to do a little research. If you have any friends who subscribe to a newsletter already, ask him or her what they think. If they're satisfied with the service they're using, you need look no further. If you don't have this insight going into things, go with a well known company. You can check with the Better Business Bureau online to see if the company you're interested in is trustworthy or not.

Keep your eyes open for your stock trading newsletter. Know when it's due to show in your Inbox. You'll get the most out of your subscription dollars if you soak in as much as you can. Use every little bit of information to help you become a stronger trader. Look into markets you are unfamiliar with and read up. You can learn some very valuable information from the advice of newsletters.

Good stock trading newsletters will tell you about hottest trends and they'll teach you about the strategies that are being employed by the biggest earners. Learning exactly how others are making their millions can prove to be invaluable. The options market is extremely difficult to understand and if you can get some easy to understand instruction, take advantage!

The bottom line on stock trading newsletters is this-if you can get some great tips, use them. Don't pay an arm and a leg for a subscription to a newsletter, especially if its one you know nothing about. Try to find someone you know and trust to give you a heads up on a reliable and affordable stock trading newsletter subscription. Learn as much as you can and get out there and make your fortune! - 23222

About the Author:

For more on stock trading strategies go toWallStreetWindow.com.