Archive for the ‘Finance’ category

Saving Money in 2010 Family Guide – Part 4

March 30th, 2010

Save Money on Bills

In previous blogs I pointed out some ideas that will help families save money with their grocery bills, entertainment and dining out bills, and much more. Today I am going to focus on the “fixed bills” – the ones you can not get rid of such as utilities and more. If you missed the previous posts please take some time and read them here.

How to Save Money on Your Phone Bill…

  1. First thing you need to do is decide if your household needs both traditional and cellular phones.  Many modern households have done away with landlines and have gone strictly mobile, unless you absolutely have to ditch the land line.
  2. If you do want separate mobile and house phones consider the Magic Jack.  I know the thing looks like a TV gimmick but it’s really a VOIP that uses your internet connection to place calls and can save you tons of money on your phone bill.  You can replace your phone bill and pay less than $30 a year. » Read more: Saving Money in 2010 Family Guide – Part 4

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Ways to Save Money in 2010 – Part 3

March 23rd, 2010

Family Summer Fun

To continue our coverage of the 8 simple ways to revamp your home budget and save money in 2010, this post will cover savings on your Travel, Vacation and Entertainment category. If you have missed our previous posts about saving money in 2010 please read our previous entry (part 2) here.

Spring is here and summer will come around the corner in no time. Most American families will soon start planning for their yearly summer vacation and I think this post will really be helpful with this planning as far as saving some money. So without further delay here are some of the most important and effective ways to save money on your next summer vacation.

How to save money on your Vacation:

  1. Vacations are a necessary part of a balanced and sane life but they can be expensive. You can cut the cost of a vacation significantly by planning and booking ahead of time. Bookmark travel sites for finding inexpensive airfare, hotels, rentals and so on.  If you know your schedule try to book months in advance to save money.
  2. Look online for sales and discounts before making a purchase. For example, use travel deal sites like Priceline, Expedia, Travelocity, and Hotels.com before booking so that you can make some comparisons. » Read more: Ways to Save Money in 2010 – Part 3

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Ways to Save Money in 2010 – Part 2

March 11th, 2010

Save Money at the Grocery Store

A few days back I started a series of posts highlighting ways to save money in the new year. It is a more of a family guide to savings more than a list of unrelated and irrelevant corner cutting techniques.

In the first post I have talked about saving money in your commute/ automobile budget area and if you missed it you can read that post here.

Today I’m gonna cover one of the largest expense that a family budget has – food.

Saving Money on Food

Saving on Groceries:

  • Never go to the grocery store without a list. This is the best way to control impulse buying, buying unnecessary things, things you already have or even worst not getting what your family needs.
  • Coupons, Coupons and More Coupons. Having a list also allows you to look in the paper for coupons you will needs. Group them together with your list and it will make using coupons and saving money a breeze.  Don’t just settle for the coupons you get in your bulk mail, do a search online or visit manufacturer’s websites and see what they have. There is not one time that I have went to Goya’s website (a specialty food manufacturer I tend to buy a lot) and not find a good recipe or a great coupon. » Read more: Ways to Save Money in 2010 – Part 2

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Ways to Save Money in 2010 – A Family Guide

March 5th, 2010

Saving Money in 2010

A sluggish economy, even worst employment market and an escalating national debt all add up to one thing – it’s time we all find ways to save money. Personal finance is at the forefront of everyone’s mind these days and saving money is probably the most important topic at the family dinner table.
Most find it impossible to cut down spending but that is only because they are looking in the wrong places. Nowadays it is time to be creative when it comes to saving money, it’s time to be informed and well educated about the choices you have.

As a rule of thumb each and every household should have a budget. It’s how fortune 500 companies operate and it’s how your family should too. Get a list of your bills and expenses for each month ( in the business world those are your liabilities). Also put together a list of your salary and all other revenue sources (much like a company has an income chart). This will be able to paint a pretty good picture of where you are financially and what you have to work with. » Read more: Ways to Save Money in 2010 – A Family Guide

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Best Investments for 2010 According to Your Polls

March 1st, 2010

International Stocks

A recent poll on stockweb.com has returned some amaizing but all expected results regarding the best investments for 2010.

The poll asked a simple question ” What are the best investments vehicles for 2010?” and this is how the answeres totaled up:

  • International Stocks 50%
  • Energy Commodities 35%
  • Precious metals 35%
  • US stocks 28%
  • Soft commodities 17%
  • Bonds 14%

According to this numbers there is a feeling of optimism transpiring and validates a solid faith in an economic rebound. However it is interesting to see that 50% of participants indicated International Stocks as their best approach to investing in 2010. It’s interesting because not longer than 5 years ago when I was running a hedge fund, this particular investments were labeled as above normal risk and many investors steered clear of emerging markets such as Brazil and Argentina to name a few. » Read more: Best Investments for 2010 According to Your Polls

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MoneyMakingMommy.com – a Scam or Not

March 1st, 2010

Online Businesses for Moms

“Finding your legitimate online business is becoming one of the best ways to earn an extra income. Many moms are turning to this popular alternative in order to bring in a paycheck and spend more time with their children.” – is the introductory line of this website owned and managed by former radio personality Kelly Land.

Sounds awesome but with the rampant growth of “make money at home” scams is this site viable or just another one of those fly by night, leave your morals at the doors and hand me your credit card website?

I looked more deeply into it and I can say with full honesty that it is hard to call Kelly Land another scam. Is the website going to provide you with a paycheck each week? Hardly!

Moneymakingmommy.com is really just a review site. Mrs Land goes out and explores various make money at home opportunities and recommends some over others. To fully understand those jobs you have to keep in mind that Mrs Land gets paid a commission for each website visitor that ends up signing up for a recommended business oportunity. She is an affiliate and there is nothing wrong with that. Many people do it and for some is a very profitable business. » Read more: MoneyMakingMommy.com – a Scam or Not

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Small Business Unemployment on the Rise

February 28th, 2010

Small Business Unemployment on the Rise

With unemployment at a 26 year high at 10.2%, its no wonder that DC movers and shakers are starting to focus more attention on small business owners.

Statistics supplied by ADP (and reported by CNN) show that small businesses (businesses with less than 50 employees) cut 68,000 jobs in the last quarter of 2oo9. A huge portion of the total 5.3 million jobs lost this year alone was due to the 2 million jobs lost in small business.

With challenges such as small business loans drying up, SBA subsidies running out, and other small business financial institutions going bankrupt, it will be harder to recover those lost jobs. In fact, large banks have axed close to $10 billion dollars in small business lending. » Read more: Small Business Unemployment on the Rise

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