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tradersonskyn wrote a new post, RealTrader Daily forex Analysis, on the site RealTrader 5 hours, 10 minutes ago
Currency strength and weakness
USD, JPY, GBP and CAD are on the strong side of the market however, USD and GBP is showing significant weakness.
NZD, AUD, CHF and EUR are on the weak side of […]
Keith wrote a new post, Becoming a Business Leader, on the site Money Time 6 hours, 38 minutes ago
Most people aspire to have a successful career as a business leader. A business leader doesn’t happen overnight. With a little sweat equity, anyone can have a thriving career. Here are some executive career […]
Ryan wrote a new post, The Value of Utilizing A Business Tax Firm, on the site Bloggers Central 6 hours, 45 minutes ago
The complex U.S. tax system and the 50 states can be one of the most daunting obstacles in business management. Budding entrepreneurs thinking of how to start a business can create a great product, effectively […]
Terrence Stoker wrote a new post, Social trading reduces investor risk, on the site Money Think 8 hours, 19 minutes ago
There is no doubt that to a large extent playing the stock market is a gamble, regardless of the method employed or assurances from brokers.
As history has repeatedly shown, stocks can rise and fall on a whim, […]
Keith wrote a new post, Best Tips for Setting Up a Business Down Under, on the site Money Time 10 hours, 37 minutes ago
For many people who have a nest egg that they’re looking to invest, creating a business in Australia can be one of the best options available to them. Moving to Australia using a business visa 188 and setting up a […]
joys joy wrote a new post, Crowdfunding for Real Estate – How It Works, on the site News 17 hours, 46 minutes ago
Thanks to companies like Kickstarter, crowdfunding has been legitimized as a mutually beneficial way of financing a project. Today, crowdfunding has moved out of the shadows and into the limelight as it is now […]
joys joy wrote a new post, Two Things You Should Always Ask Telecom Consultants, on the site News 17 hours, 49 minutes ago
Most companies will have a need to hire telecom consultants at some point. This is because they can help to manage projects and bring down costs. Telecommunication is an important area that requires specialist […]
joys joy wrote a new post, How to Find Payday Loans Online, on the site News 17 hours, 52 minutes ago
If you are thinking about applying for a payday loan, there are a number of possibilities open to you. Firstly, there are now a number of high street locations, including pawnbrokers, where you are able to apply […]
Tom Brown wrote a new post, How mobile technology has transformed the costume industry, on the site Global Finance News 19 hours, 58 minutes ago
Technology has come on leaps and bounds of late with companies like Morph Costumes now using augmented reality and clever app animation to enhance their fancy dress outfits.
Since their 2013 collaboration with […]
Terrence Stoker wrote a new post, Is a personal loan a good idea?, on the site Money Think 1 day, 6 hours ago
You can apply for a personal loan from most banks, as well as many independent financial institutions. As the name implies, they can be used for whatever personal need you have. Some people use a personal loan […]
tradersonskyn wrote a new post, RealTrader Daily Forex Analysis, on the site RealTrader 1 day, 8 hours ago
USD, GBP and JPY still the strongest 3 currencies.
AUD and NZD the weakest currencies with AUD showing weakness again after trying to get ahead.
CAD, EUR and CHF are in the middle, […]
joys joy wrote a new post, Five Point Car Accident Checklist, on the site News 1 day, 18 hours ago
South Africa was recently ranked to have the highest number of road accidents in the world in a study of 36 countries. According to data from the car insurance sector, the average driver makes a claim following an […]
Andre Smith wrote a new post, Hidden Costs In Education And Money Saving Tips for Students, on the site Money Talk 1 day, 18 hours ago
Education is very important in a person’s life, and to the society at large. It is vital for a child to undergo necessary education for the sake of learning the important aspects. It also helps to instil them with relevant information that will enable them to take their desired careers. Yes, it is very vital to be educated, however, I believe that since education is a must, then it should be offered freely by schools, though I wasn’t educated freely. The hidden costs in education are found in the material, facilities, and general expenses of students.
It is not that easy or it might sound impossible to impose free learning in schools, nevertheless, you can take matters into your own hands and ensure that you are financially safe. You should try limiting your expenses, especially those that consume much of your money. Here, it’s not all about denying yourself everything, rather, it concerns spending your money according to your ability. It is not a crime to have some fun while in school, but it also isn’t that wise to spend money without limitations.
[caption id="attachment_67" align="aligncenter" width="640"] Philip Taylor via Flickr[/caption]
The Hidden Costs
It might not be very easy to realize the area that you spend a lot of money during your time in school. According to my experience, here are some of the most common areas that consumed most of my money;
This might sound unreal, but there are always pictures taken by the school, and others are included in the school collection. These pictures can cost up to $25, which is quite expensive for a photo, given the fact that there are many digital cameras at the moment.
These include materials such as textbooks and other learning materials. One devastating factor is that you must have the supplies with you in the classroom. Or at least have them for the sake of accomplishing certain assignments given by the teacher. I had to buy the textbooks from the school, and they cost quite some money. Another thing that hurts is that you will no need the materials later and for that, they will just sit at home.
This is another factor that most students and parents don’t realize how costly they can be. There are some field trips that will need you to drive yourself, or basically, get your own means. These trips can be too expensive, especially if you will have to drive yourself.
There are some festivals that are included in the school calendar and every student is typically expected to participate. Like when the fall festival was in my school, we were expected to provide the supplies, and the school instructs the amount of supplies required. This can be very unfair to your budget, especially if you didn’t have it in mind.
Most of the students in my school, including me, used to drive to school. And a surprising thing is that the school is only a walking distance away. Some field trips also needed us to drive ourselves, which is a negative factor anyone’s budget.
[caption id="attachment_68" align="aligncenter" width="640"] Images Money via Flickr[/caption]
How To Avoid The High Costs
There are many ways to stay financially safe while in school. Here are some of the tips:
Buy study materials online: There are several sites that offer cheaper study materials for the students. Sites like Jekkle offer eBooks and other cheaper textbooks, and in addition, they rent the textbooks, allowing you to save about 70%.
Sell whatever you don’t use; You can sell some resources, or even textbooks that you no longer use to an online store like Craigslist. This site lets you sell whatever you can sell.
Monitor your finances; You can also track your finances using a free online tool. This site lets you monitor your expenses and it will be difficult to waste your money if you see how you are spending it.
Limit the fun: You can also try to say no to some fun, like the multiple field trips. This will help you save money that you would have paid for the trip and also save on your gas expenses.
Walk: Seriously, just walk to school, it helps to save on the gas, and it will also help keep you fit. You can have a group of friends and decide to walk, especially if the school is not that far.
Saving your money needs discipline and you must monitor closely how you spend your money for the sake of having a good financial record.
constantitempurchasingpoweraccounting wrote a new post, Money is not a store of value, on the site Capital Maintenance in Units of Constant Purchasing Power™ 2 days, 2 hours ago
Money is not a store of value
The statement that “money is a store of value” is supposed to mean that money is a store of constant real value over time or a perfectly stable store of constant purchasing power over time.
However, the statement that “money is a store of value” is not entirely true and valid. In fact, it is a partly false, partly deceiving and partly misleading statement.
Money is not a store of perfectly stable real value during low and high inflation or hyperinflation.
The world money supply is mainly in a state of inflation.
Money is, on the other hand, a store of increasing real value during deflation. See the Japanese economy.
In principle, the generally accepted statement that “money is a store of value” is never completely true during inflation and deflation.
Because money is a decreasing store of real value during inflation and an increasing store of real value during deflation.
The CPI is not perfectly stable on a sustainable basis over time.
The longest period I have seen the CPI perfectly stable was during a period of two months. That certainly does not qualify as “perfectly sustainable over an indefinite period of time” or “perfectly stable over a sustainable period of time.”
Money is only a perfect store of constant purchasing power (real value) over time when it is either inflation or deflation-indexed on at least a daily basis, i.e., when it is inflation or deflation-adjusted in terms of the change in the general price level – i.e., at least daily in terms of the Daily CPI.
Examples of money in a state of being “a store of real value” is when it is maintained in the form of government daily inflation-indexed bonds, e.g., US Treasury Inflation-Protected Securities (TIPS).
Money in the world economy is only a perfect store of constant purchasing power in the USD 3 trillion + maintained perfectly stable in real value in the global government daily inflation-indexed bond market plus the 25% + of the Chilean money supply that is inflation-indexed on a daily basis plus all mortgage bonds (monetary items) in Colombia which are inflation-adjusted on a daily basis in terms of their Daily Real Value Index.
Summary: Money is not a store of value.
Shares (a variable real value non-monetary item) are – generally – a store of increasing variable real non-monetary value over the long term.
Nicolaas Smith Copyright (c) 2005-2014 Nicolaas J Smith. All rights reserved. No reproduction without permission.
tradersonskyn wrote a new post, Realtrader Daily Forex Analysis, on the site RealTrader 2 days, 7 hours ago
Currency strength and weakness:
USD, GBP and JPY are the 3 strongest currencies on the 4h charts although GBP is steadily losing ground.
AUD and NZD are the 2 weakest currencies with AUD trying hard to gain […]
tradersonskyn wrote a new post, RealTrader Daily forex Analysis, on the site RealTrader 3 days, 6 hours ago
Currencies showing strength: GBP, USD and JPY on the 4h charts.
Currencies showing weakness: AUD and NZD.
Currencies that are flat performers: CAD, EUR and CHF also going into strength.
Trending currency […]
Morna Collins wrote a new post, Safeguarding The Bottom Line For Small Businesses, on the site small businesses 3 days, 6 hours ago
Whatever the size of your business, the bottom line is all-important, but it is even more critical for small businesses. Whereas the largest companies can probably borrow money to see them through a time of expansion or a sudden lull in the order book, small businesses are unlikely to have that comfort, especially in the first few years after setting up. This is why it is so important to keep a very close eye on cash flow, (which is the most common reason for small businesses to fail), fixed costs, variable costs, the state of the order book and that vital profit and loss account.
There is a great deal of advice available for small businesses in the UK on https://www.gov.uk/browse/business including, in some cases, where grant funding or low interest loans might be available. Most successful businesses have evolved from somebody having a “good idea”, or a particular interest in, or aptitude for, an activity, product or service that they feel they can offer to others. Wherever you start in businesses, it is essential to monitor the actual unit cost of what you are doing, whether you are producing something by the hundred or the hundred thousand.
Several car manufacturers are finding it difficult to meet the current demand for small, “smart” cars and still make a profit on them, whilst complying with all the government regulations on emissions and so on. How much more difficult is it, therefore, for the average small business owner, who does not have specialist staff for all of the many tasks that have to be undertaken?
Some tips for protecting the bottom line
Never mistake a healthy order book for a large profit – make certain that you know exactly what your product is costing, to ensure that you are charging enough to make an adequate profit on it.
Analyse each stage of your manufacturing or service process to anticipate possible problems and take steps to avoid those problems occurring. For example, you may require product labels which change frequently, making it expensive to order short runs from an external provider. Having your own label printer, where you have total control over the numbers and content of every label, is likely to be a worthwhile investment. More information on label printing can be found at QuickLabel Systems.
Investigate the options for borrowing money or raising finance before it becomes critical; it is both a lot less stressful and almost certainly cheaper to have this facility in place before you need it.
Ensure that all of your suppliers understand exactly what you want and can deliver it. Finding out that there has been a misunderstanding by a supplier about size, quantities or specifications of a component that you need urgently can lead to you losing custom.
Check out exactly what you might need in the way of premises, equipment and furniture. Whilst the idea of city centre premises may be very attractive, it is also likely to be expensive. At the same time, it is unlikely that your employees will work most effectively if they are in a cramped or uncomfortable environment.
Consider the type and amount of machinery and equipment you really need. A case has already been made for buying an in-house label printer, whether digital or inkjet depending on your individual needs. Other basic requirements include telephones, computers and printers, but it may be that there are particular computers that can also link to your production line, thus saving time. Having a balance between the “must-haves” and the “nice to haves” is important when you have a very limited budget. False economy can lead to frustration and wasted time and money in some circumstances, but the last thing you want is to have that all-singing, all-dancing machine sitting idle.
Kristina wrote a new post, 5 tips for promoting Magento products, on the site Magento tips and tricks 6 days, 1 hour ago
The main aim of any Magento store owner is to sell his products, and for that just to place them on the pages of your site is not enough. Selling is usually a result of promoting as it is the only way to let […]
mary yohanan wrote a new post, Make the Most of Your Money with Careful Planning, on the site financenews 6 days, 3 hours ago
Understanding your income begins with proper wealth management. Although putting money aside for bills may seem like a simple task, a lot of people are blissfully unaware of their incomings and outgoings, which […]
Marcin Brahic wrote a new post, A Full head of hair = business success?, on the site fin24 Blog 6 days, 4 hours ago
Whether you’re suffering from a receding hair line or the beginning of baldness, losing your luscious locks can have a detrimental affect on your confidence and as such, both your career and social life.
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