Money saving tips for your daily commute to work

How much do you spend to commute to work daily? Well, for most people, the amount spent is unbearable. With everyone trying to save money to invest on other projects, commuting costs continue to hinder the plans. However, cutting the commuting cost is possible if only the proper money saving tips are applied.

Tips to save money on your commute costs
Several aspects need to be considered if you are to reduce the commute costs by a considerable amount. In addition, you should consider applying a long-term solution that will help you save a significant amount of the commuting costs. Some of the money saving tips include:

Moving closer to your work area
Most people love their jobs but hate the fact that they spend a lot on commuting. Therefore, if you can find an apartment around your area of work that allows you to live within your current budget or lower, this should be the best option. In no time, you will notice a steady growth in your savings.

Working extra hours
If your employer is kind enough to compensate you for the extra hours worked, then this could be a great way to save on commuter costs. The amount paid in the extra hours could be dedicated to commuter costs while the rest of the income is channeled towards other projects.

Find greener pastures
In some instances, the job might not be well paying yet you travel a long distance and spend a lot on commuting costs. Try and look for a better paying job in your home area or neighboring area that will not eat into your finances in the name of commuting costs. Preferably, you may opt to start working from home. With the availability of modern technology and the internet, it should not be long before you find a decent income from online gigs or jobs. Additionally, your employer may allow you to work from home for a few days in the week thus allowing you to save some cash.

Changing your mode of travel
If you feel that refueling your car is having a negative impact on your finances, you could opt to change the mode of commuting. You may decide to ride a bicycle to work if you live within your work area. Secondly, using public means will also cut your transport costs by a substantial margin. Moreover, you can decide to buy a used car with a good fuel consumption record. This guide about buying a used car will be of immense help.

Commuting costs is one of the most recurring expenses. More to that, commuting costs exhaust most of our finances. However, it is important to make arrangements with your employer in order to know their stance on the matter.

Primary vs. Secondary Market

This article will give us an insight of the various financial aspects of the capital market trading. Both primary and secondary markets are types of Capital Market depending on the issuance of securities.

Primary Market – deals with the trading of newly issued securities. The government, corporations, and companies issue securities like stocks and bonds when they are need of capital. The investors purchase stocks and bonds issued by such companies and in turn help them in raising capital. Money earned from selling of securities directly to the issuing company.  Another name for this market is ‘New Issue Market’ (NIM). IPO (Initial Public Offering) is a usual method of issuing securities in the primary market. The functioning of primary market is essential for both the economy and capital market as this is the place where the capital formation takes place. Other types of issues made by the corporation are a Public issue, Offer for sale, Right Issue, Bonus Issue, Issue of IDR etc…

Secondary Market – is that part of the capital market that deals with securities already issued primary market. Investors who purchased the newly issued securities in the primary market sell them in the secondary market. The nature of the secondary market is liquid and transparent. The value of stocks varies from that of the face value. The resale value of the securities depends upon the fluctuating interest rates.




The two financial markets play a major role in the mobilization of money in a country’s economy. Primary Market encourages direct interaction between the company and the investor while the secondary market is opposite where brokers help the investors to buy and sell the stocks among other investors. There are many brokers in the capital market for spread betting the best in this trade is ETX Capital, which provides their investors with satisfactory profits.

The main difference between two markets is – who benefits from the sale or purchase of a company’s stock. When new stocks are issued the co. benefits from the sale and the cash flow of the new stock is used to invest in the company’s operations. When investors buy or sell stock, the company does not benefit from the sale or purchase because money changes hands only between the two investors.

The Factors Affecting Gold Bullion Prices

How much do you know about silver and gold premiums? Do you know how to spot a fair premium and what causes gold prices to rise and fall? If you’re planning to invest in gold bullion bars or coins, then you need to know the factors that highly affect the price of gold bullion. The spot price is the current price of gold per ounce that day in international selling markets.

⦁ Economic conditions – This means both internationally and locally. If there is a financial crisis worldwide like in 2008 then that would likely cause premiums to rise because of the increase needed. However, if there is only one gold bullion dealer in a smaller town, they’d have to set their prices carefully because of the fear of setting them too high and driving customers away but wanting to make a profit too.

⦁ Supply and demand – This is the biggest factor as gold dealers need to make a profit. If bullion dealers have too much in stock, they often raise their prices, but if they don’t have enough gold bars or gold coins in stock, customers may walk away angry or frustrated. The seasons may play a part as well as it is often more beneficial to buy gold bullion in the summer when some sellers lower prices to attract new investors.

⦁ Volume being sold – Some of these gold dealers is a business trying to stay successful and they need to account for overhead charges, employees, and processing when pricing their supply. This means that often a larger bullion bar may have a lower premium than a single gold coin since they tend to spread costs out more evenly among larger amounts. If you’re looking for both kinds, come see a collection of authentic gold bullion in Brisbane.

⦁ Type and popularity of Bullion – This especially pertains to bullion coins. Certain gold bullion coins are extremely popular, such as the Australian Gold Kangaroos, the Chinese Gold Pandas, or the American Gold Eagles. These popular coins may have pricier premiums because of their popularity so you may want to stick to other means of bullion for your financial portfolio and collect those for other reasons.

⦁ The seller’s objectives – It doesn’t matter if the seller is the only dealer in town or if they’re part of a large corporation, they’re going to aim to get the best price for their gold bullion. Dealers mainly factor in their competitors’ prices, as well as setting the “best price,” so that it’s high enough where they make a profit but not too high where customers go elsewhere. However, in the real world, it doesn’t always work out that way; and sometimes, you can negotiate with a dealer to lower their price.

The formula for calculating the premium involves taking the price of the gold bullion bar or coin and subtracting the spot price and then dividing it by the spot price. If it’s fewer than 10 percent after taking the above factors into consideration, you’ve found a good deal.

Where Does Money Come From?

Get ready for a shock if you don’t already know….

Every day countless millions of transactions are facilitated with money. Why do we need money? How does it get into “circulation?” Who puts it there? Who creates money? And on what basis? Is it the government? If not, why not? Who is it? And how do they know how much to “print?” What if they add too much or too little to the economy?

Three chapters of my book How to Profit from the Coming Great Depression are devoted to these questions. Most people are shocked when they first learn about our “fractional reserve” money system, which has sewn within it the seeds of its own destruction.

First of all, we need money because the barter system is too unwieldy. If you are a building contractor and I am a potato farmer, and I want you to build me a house, how am I going to pay you? How many potatoes can you and your family eat before they go rotten?

Clearly we need something that represents both houses and potatoes. But note that that does not make money a resource in itself. It is merely a vehicle for transferring the value of resources from one person to another. There are natural resources, both under the ground and above it, and there are human resources – labor and intellect. Put these together and man can produce. But although money may be used to value and transfer these resources, money is not a resource itself. Those who control money really want the resources that money represents.

Centuries ago things like gold and silver were used as money, before we had notes and coins like today. Remember the old western movies where highwaymen would hold up the stage coach and people would have to hand over all their valuables? Why, on earth, would people carry their gold and silver with them? Because they had nowhere else to put it.

This created an opening for the goldsmiths, who were the forerunners to our modern day bankers. They built large, secure vaults and allowed people to deposit their precious metals in these safes. In return they gave people “receipts” confirming the amount of gold held on their behalf. In time people began trading with the receipts rather than the gold. Today these receipts are called banknotes.

But that’s not all the goldsmiths did. They even paid interest to those who had deposited gold in their vaults (e.g. 3%), but then lent the gold out to others (in the form of more receipts) at say 6%. That’s how they covered their costs.

In time the goldsmiths noticed that nobody ever came back to collect their gold, and not all being honest, began to lend out more in new “receipts” than was represented by the gold in their vaults. In time there was ten times as much “money” in circulation as there was gold in the vaults.

That’s exactly how our money system operates today. For every dollar you deposit in a bank, the bank lends out about ten dollars. Money is created by banks – out of thin air! All money comes into existence by way of a bank loan. Less than 5% of it is ever converted to notes and coins. Most of it is never anything but a balance on a computer at the bank.

A hundred questions come to your mind. Right? They are all answered in my book.

Why do I say the system has sewn within it the seeds of its own destruction? It has a use-by date. That is why we have an economic depression at least once each century. It is not a question of if the system implodes. Only when it implodes.

Let’s say you borrow £100,000 from the bank (which takes security over your real estate worth £150,000). But you have to pay back £110,000 with interest added.

Where does that other £10,000 come from? You will have to get it from someone else. Where will they get it? What’s the only way money comes into existence? They will have to borrow it from a bank.

Can you see how in our debt money system it is not possible for everyone to pay their debts? Some have to go bankrupt. And as money is sucked out of the system in interest by the banks, money supply is reduced. The only way it can be replaced is with more borrowed money. So debt must rise exponentially. Can you see now why we have a debt bubble and why there is no solution to it other than a massive purging, with all of the horrific deflationary economic consequences, not to mention social dislocation that will come with it?

The Importance of strategy when saving: How to optimise your earnings for the future

As a general rule, savings rates have tumbled over the course of the last few years. Interestingly, this trend has not impacted on the traditional savings account, which is usually made available alongside current account options. While this type of regular savings account offered an average return of 1.64% back in December, it has risen slightly to 1.72% at the beginning of 2016. While this is still below the rate of 1.72% available 12 months ago, it at least shows that some savings accounts are heading in the right direction.

How to develop the ideal saving strategy in three simple steps

This is just one element of saving money, however, and if you are to successfully make the most of your earnings you must create a viable, simple and manageable strategy. Here are three steps towards achieving this goal:

1. Choose a viable savings Vehicle

To begin with, you will need a viable savings vehicle to deposit and grow your wealth. We have already touched on how regular savings accounts offer optimised returns in the current climate, but it is still important to compare the market before making an informed decision. This will offer you access to an account with the highest possible rate of interest, while also enabling you to operate within the limits and thresholds that are relevant to you. Entities such as Kent Reliance even offer regular savings accounts with interests up to 4%, which ensures that you can quickly optimise your original savings and future deposits.

2. Consider Investment Options

There is an old adage which suggests that you must 'speculate to accumulate, but this works better if you are dealing with a large fund to begin with. So once you have used a regular savings account to gradually build your wealth in a risk-free environment, you can begin to diversify and seek out more substantial returns. There are a wide range of investment options available, from low-risk vehicles like secure bonds and dividend investments to more profitable entities such as forex trading. They key is to scale your efforts and look to diversify across a broad range of options, creating a portfolio that reflects your level of knowledge, experience and appetite for risk.

3. Create passive income streams where possible

Over time, this strategy should begin to deliver returns while helping you to build and manage your wealth. The final step is to consider automating your earnings through the development of passive income streams, which instantly increases the amount that you commit to your savings in the first instance. While you can seek out extra work or look to sell your skills as a freelancer, this may compromise your work-life balance over time. Whether you look to invest in real estate or generate an annual return from a blue-chip stock investment, passive income offers you the best possible chance to grow your savings quickly and in a risk-averse scenario.

Live like Richard Branson – On a houseboat!

Yes you read the title of this post right. You may have been thinking of tropical, private islands, but if you have ever read Richard Bransons autobiography then you may well know that as an entrepreneurial hippy back in the day, he actually lived on a houseboat in order to cut down costs whilst building what has now become a multi million pound empire. Don’t believe me? Take a look at how the costs stack up below.

Boat vs House Infographic

Joint Bank Accounts – The Simple Explanation

People who want their money to be available for access to more than one person, joint accounts are the right choice. In general, a normal checking or savings account has only the owner name listed in the account. This means that only the owner can withdraw money from that account. But is some cases, where more than one person needs to access an account, a joint account is the obvious choice. This can prove to be of extreme benefit for married couples.

Joint accounts are not only for married couples. It can prove be of great assistance to business partners, parents who want to open an account with their children etc. In some cases, community agencies also prefer a joint account.

After opening a joint account, each and every person on the accounts’ list can access the account; making deposits, writing checks, and withdrawing money from the account. However, in some cases it’s mandatory to have two signatures on the check or withdrawal slip. It’s checked prior to releasing the funds and it ensures that no secret or illegal withdraws are made from the account.

Joint accounts are mostly popular between married couples where both parties are able to access the account at will, making bill paying procedures a whole lot easier. Besides married couples, elderly parents can open a joint account with their children, making sure that the children can avoid court mandated probation after the death of their parents.

Unlike the normal savings or checking account, joint accounts provide its owners with the right of survivorship. This means that in case of the death of an account holder, the other person is named as the owner of the money in that account. This avoids the need of court probations, which can keep the money in probate or escrow for a long time.

Due to the fact that either party can access the funds in a joint account, it’s absolutely necessary that you trust the person with whom you’re going to open a joint account and that he/she trusts you as well. You should also know that in case of a bank overdraft, you’ll be held liable as well, even if you didn’t have anything to do with it.

Another thing you should understand is that to a creditor, a joint account is no different than a personal account. They will still be able to deduct money from the joint account.

Joint accounts are of great value to married couples, especially in cases where either party has a lot of outstanding debt to their name. It can help them restore some balance to their financial state. But in all cases, for a joint account to be effective, it’s of utmost importance that both parties trust each other fully.

Improving your Credit Score for a Loan Application

Applying for a loan should be a carefully considered process. Every time you apply for a loan, it leaves a mark on your credit file. This credit file is important for lenders to see how trustworthy you can be with repaying their money. So, to get it looking good, you might want to do the following:

⦁ Get on the electoral roll – To register on the electoral roll go to aboutmyvote.co.uk. One great sign of stability is whether you’re registered on the electoral roll. This is because most “good citizens” are – (even if they don’t vote).

⦁ Borrow more money. Your credit file will look good if you have more credit accounts appearing on your credit file. If you flood your credit file with lots of positive repayment ticks, it will tell the lender that you’re good at repaying loans. This only works if you REPAY EVERYTHING ON TIME. Make sure you read all the small print in regards to the interest rates and repayment periods.

⦁ Get a copy of your credit report. Wonga recently blogged that more and more people are beginning to see the benefits of getting a look at their credit file. By applying online through various companies, you could see exactly what the lenders do. In fact this is a service the payday loan giant plans to offer its customers for free next year. You will likely be given a ‘score’ and will get to see how the lenders would view you. This is highly beneficial as it gives you a chance to hold off on an application if your file looks negative in one area – until you’ve fixed the problem.

⦁ Use credit cards more. Spending money using your debit card will never improve your credit history because debit cards don’t offer credit, or the ability to borrow money. So choose to make small purchases on credit cards instead.

⦁ Be patient. It can take time to improve your credit file (see more tips here). Sometimes it can take a year to reverse the effects of a negative point on your file.

Some other things to avoid: Moving home a lot, applying for lots of credit at once, CCJs, late payments, or being tied to someone with a poor credit history.

Ways to Finance Your First Car

Once you’ve passed your driving test one of the next things that will be on your mind is likely to be what your first car will be. With so many options out there it can be hard to decide upon a model and where to buy it from.

Another important thing to consider is how you will be financing your first car. The amount you need will depend on whether you’re after a brand new car or used, where you are buying it from and the funding method. Here are a few ideas of how to successfully afford your first car.

Paying for a car outright is often the most cost-effective choice as it avoids paying any interest or extras when spreading payments out over a longer period. It also ensures you own the vehicle. Paying for driving lessons can be expensive but where possible it is a good idea to save at the same time so you can afford a car when you pass. Or those lucky few may even be bought one or lent money from family members towards a car.

Leasing a car offers many benefits. It will be more affordable in the short term as you will only make monthly payments so can budget a lot easier and you can get access to a brand new car at a better price rather than buying outright. Most include breakdown cover and repairs too. However, once the lease is up you won’t own the car or have anything to show for it.

Personal Loans
Personal or unsecured loans can be used for a range of purposes, including buying a new or used car. You do not have to be a homeowner and although you will pay more than the car’s value in interest it can be the best option for purchasing a new or second-hand vehicle quickly. Ensure you can meet the repayments and work it into your monthly budget before taking one out. You can find a personal loan from any one of many trustworthy suppliers.

Hire Purchase
Hire Purchase is similar to leasing in that you pay monthly between one to five years except at the end you do own the car. A 10% deposit is usually required and most have flexible terms with fixed interest rates, meaning you do pay more overall. Such deals are a lot more competitive for new rather than used vehicles so this is worth considering if you’re desperate for a brand new car.

Comparing Pet Insurance – 3 Simple Steps

If уоu hаvе nоt аlrеаdу realized, thе costs оf veterinary care are escalating fast. Purchasing a pet insurance fоr your pet can help kеер pet care costs within аn affordable range. Aѕ pets have bесоmе beloved аnd important members оf many families, some owners are looking to pet health insurance providers for help paying for expensive vet bills.

Hеrе аrе thе 3 simple steps tо purchase уоur pet insurance

Aѕ pet owners, wе likе tо bе in control оf a lot оf оur pets’ lives. Wе wаnt thеm tо hаvе thе healthiest food, plenty оf timе tо exercise, аnd mоrе thаn anything, excellent health ѕо thеу аrе comfortable аnd happy. But unfоrtunаtеlу thеrе аrе things wе саn’t control. If оur pets fall sick оr gеt intо аn accident, thе оnlу thing wе саn rеаllу dо iѕ gеt thеm thе care thеу need.

Thiѕ iѕ whеn уоu’ll wаnt tо find a pet insurance company whо саn рrоvidе уоu thе coverage уоu nееd fоr уоur pet.

But whаt ѕhоuld уоu lооk fоr in a pet insurance company? Basic accident and illness coverage is a good start but you’ll also want to check other factors like hereditary conditions, wellness options and lifetime limits. Hеrе аrе 3 things tо lооk оut for:

1. Thе company hаѕ bееn аrоund fоr a whilе
If уоur prospective insurance company hаѕn’t bееn аrоund lоng еnоugh tо insure thе life cycle оf ѕоmе pets, уоu’ll wаnt tо pass оn them. Nо matter hоw great оf a deal оr hоw extensive coverage thеу provide, уоu’ll bе running thе risk оf thе company nоt bеing аrоund years dоwn thе line. Yоu соuld lose еvеrуthing уоu paid in premiums аnd bе stuck with a huge bill fоr уоur pet’s medical expenses.

2. Recommended bу veterinarians

Onе ѕidе оf thе pet insurance equation iѕ thе relationship bеtwееn veterinarians аnd thе insurance companies. Yоu саn аѕk уоur сurrеnt vet whаt thеу think оf thе insurance companies уоu’rе thinking оf gоing with. Thеу’ll bе аblе tо tеll уоu thе experiences оf thеir patients аnd potentially save уоu thousands оf dollars.

3. Review thеir claims process

A reputable pet insurance company will easily spell оut thеir claims process оn thе website bеfоrе уоu еvеn think оf gеtting a quote. Nоthing iѕ mоrе frustrating thаn hаving tо deal with a sick оr injured pet аnd thеn finding оut thаt уоur insurance company iѕ gоing tо make уоu jump thrоugh a lot оf hoops bеfоrе sending уоu a reimbursement check.

Bеfоrе уоu start уоur comparison:

i) Yоu muѕt hаvе a general idea аbоut whаt options уоu nееd fоr уоur pet. Fоr example, basic plans аrе thе cheapest, but thеу provide limited benefits and cover оnlу basic accidents аnd illness care.
ii) Yоu аlѕо nееd tо lооk аt things ѕuсh аѕ deductibles аnd lifetime limits.

iii) Yоu nееd tо find оut hоw a claim iѕ filed аnd hоw thе claim iѕ paid. It iѕ аlѕо uѕеful tо knоw whаt items аrе excluded аnd whаt items hаvе payment limits рlасеd оn them.

iv) Yоu ѕhоuld find оut if уоu аrе allowed tо visit thе vet оf уоur choice оr dо уоu hаvе tо uѕе a vet recommended bу them.

v) Dо аlѕо find оut whiсh оnеѕ cover аftеr hours emergencies ѕuсh аѕ accidents аnd sudden ѕеriоuѕ illness аnd thаt if thе accident оr illness iѕ ѕеriоuѕ аnd уоur pet mау require a specialist.

Whеn уоu find thе policy thаt уоu feel iѕ mоѕt suitable fоr уоu thеn аll уоu hаvе tо dо iѕ fill оut thеir fоrm whiсh givеѕ thеm уоur pet’s information. Thе pet insurance company mау аlѕо set uр tо accept payment online.

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