Month : October 2017

Frugality

Financial Freedom And The Grocery Store

One of the biggest expenses that we all face is food.  While it isn’t a good idea to stop eating to save money, there certainly are some great tactics that you can use at the grocery to make sure you don’t spend too much.

Watch for Sales

Some items, especially canned and long lasting products, can be purchased in bulk when on sale.  This can save you from spending a fortune on product by buying them at full price.  Additionally, it is always a good idea to glance over your grocery store ad to see what is on sale.  It can even help when making a plan for the week to have the ad nearby.  Remember that if you buy sale items that you won’t use, you aren’t getting a good deal no matter how low the prices are.

Don’t Fall Prey to Tricks

Grocery stores have a few tricks up their sleeve to make you spend more.  If your store uses these tactics, it doesn’t mean that items aren’t a good price.  You really just need to pay attention and determine what you need.  One common trick is to list items as 2 for $5 or 3 for $12.  Most of the time, you can buy just one and still get the same sale price.  Just because they say 10 for $10 doesn’t mean you need to buy 10.  Decide what you can use and then buy that amount.  Also it is wise to calculate the price per item to make sure you really are getting a good deal.

Store Cards

Many stores require you to sign up for their store card to get their advertised prices.  It only takes a few minutes and can really save a lot of money.  Sign up for these cards.  If you really don’t want  a card, many states will require the stores to honor the lower prices without a card upon request.  Talk with your grocery store and see what they can do.

Figure Out What You Actually Need

Sadly, if you don’t plan, you can end up throwing your grocery budget into the trash.  Food is perishable and if you buy things you aren’t going to eat, you are wasting money.  Honestly consider how much produce, fresh meat and other perishable products you will use before they expire.  It is usually best to buy less than you think you will need, since inevitably things come up.  You will probably end up eating out or going to dinner at a friend’s so buy a little less than you might need to reduce waste.  Use perishable items first to keep them from spoiling.

These few tips will help keep your budget in line at the grocery store.  Often, by just buying what you need and not wasting, you save quite a bit on groceries without even having to change your eating habits.

How do you save money at the grocery store?

 

Financial Freedom

The Making Of Australian Money

Money makes the world go around is an old say. Every country has their own quirks when it comes to their money. The US has Giant heads on their new bills.

One country I’d like to highlight today is Australian money. This infographic is awesome. Like did you know that their banknotes are made from plastic? Check out some more interesting facts about their money below.

how australian money is made infographic Infographic   How Australian Money Is Made
Courtesy of: LendMe Finance
Investing

How To Know When You’re Ready To Invest

Stock Market

When I was about 20, I decided to take a trip into the world of investing. I knew a little about it after researching investing tips and such on the internet. I ended up opening a Sharebuilder account and purchasing some stock with my tax return. After a few months I became low on cash and wasn’t financially prepared with a budget or emergency fund. I ended up selling the stock and put up my investing shoes. During that trip the stock actually lost money and I also had to pay a fee to sell it. As you can tell I wasn’t prepared to invest at all.

Do you have a budget?

I went the wrong way on the financial railroad. I should have first set up a budget to get my spending straight. I was definitely not spending my money on what I should have been and didn’t have any money to save at the end of the month. Now that I have a budget set up to follow and I’m not spending frivolously, I’m one step closer to be ready to invest again.

Do you have an emergency fund?

When I became low on money I had no place I could pull money from other than my investment account. What I should have had was an emergency fund. If I had just $1000 in a savings account I would not have had to sell my stocks.  Having a cushion to keep you from selling stock to survive is important. Now that I have that available to me I’m about ready to invest again.

Do you have any consumer debt?

At the time I didn’t have any credit card debt so I didn’t have to worry about this. But if you have any consumer debt it’s much more important to pay down than to invest.

Now it’s time

Once all of that is taken care of you can start learning to invest. Research on the internet the different types of stocks and once you feel comfortable that you know what you’re doing then open up an invest account and start investing.

The fees to invest can get high so if you don’t have much money to set aside like me, you can put a little bit of money into a savings account every month and in a couple of months make a stock purchase. That way the fees don’t take as much out of your investment as if you were to purchase stock every month.

If you’re interested in learning the stock market, check out my eBook Your Guide To Investing

Have you had any investment mistakes you’ve learned from?

Investing

Binary brokers – Why you should know about them

Binary option trading has become one of the most sought after forms of trade in the financial markets. With a wide array of assets to trade with and a number of options as far as expiration time and date is concerned, you can expect to earn handsome profits from it. Many traders invest a lot of money in this trade form and it won’t be wrong to say that they have earned even a fortune from binary option trading.

Since  you are investing your hard earned cash, it is important you know how the trade works and what you can do to maximize your returns from the trade or rather improve your ROI or Return on Investment. So, you can refer to the online educational resources that promise to educate you by the time you are ready to take the plunge and trade in real time. The fact that many trading platforms are offering demo accounts has also made it easier for traders to get good returns from the trade. Amidst the hullabaloo, there is one aspect that we certainly cannot ignore and that is the role of the binary option brokers.

Binary brokers in the financial market

You will come across several brokers in the binary market. While some have been in the market since years, others have just started off and trying to carve out a niche for themselves. Whatever be the case, it is certain that you cannot do without one. As such, you ought to stay abreast with the latest developments that are taking place in the world of binary brokers like, which new broker has started operating in the market, the services and products that the existing brokers offer, the fees they charge for using their trading platform, and the bonuses and payouts that they shell out for traders. And the only way you can do so is by visiting different websites that will offer all this information in the same website. For instance, one such website that will surely meet your requirement is topbinaries.com. So, if you are looking for more information on brokers, you can read more on Topbinaries.com.

What to expect at Topbinaries.com

When you browse through this website to read more on the brokers, you will be able to know the following about the trading platforms. Check these out.

  • First and foremost the names of the trading platforms
  • How each binary broker differs from the other in terms of services and products?
  • The types of assets that you can select from if you are signing up with a broker or trading platform
  • Whether or not the broker is offering the provision of practicing with demo accounts
  • The minimum amount of money required to trade on the platform
  • Types of expiration time and dates on offer for clients
  • Whether or not a particular broker deals with US traders
  • And if you want to know more about the particular trading platform, you can as well visit their official website. All you have to do is just click on the “Visit Website” button and you will be directed straight to the individual official websites of the binary brokers. 
Investing

How Penny Stocks Can Mean Big Profits

In the traditional investing world, penny stocks are looked upon with disdain. The pink sheets or OTC stocks, names thrown around with derision because of how penny stocks have always been looked at. Smaller cap companies were listed on actually pink-colored sheets back in the day and old school Wall Streeters looked the sheets and over-the-counter stocks as beneath them. Because of that, though, they have always had kind of an appeal for outsiders and mavericks.

Which is a great for day traders. Those labels fit day traders perfectly. Day traders by nature go against the grain and they are always searching for outliers. And volatility. Which you can get a ton of when you are trading penny stocks. Penny stocks are notorious for their volatility. The price goes up and down very often, due to fluctuations that can be discerned into a pattern. If you spend enough time looking at the screens.

Screen time is very, very important when you are trying to learn how to become a day trader. In the old days, logging screen time as a day trader meant putting some cold, hard cash into a brokerage account and trading it. No classes, no practice, no safety net. Just real, actual risk for your nest egg. Day traders in the late 1990s and early 2000s put their money on the line, took their lumps and learned on the job. Penny stocks were a way to make money for them, but they had lose money on penny stocks first, in order to find out what not to do.

That does not apply anymore. Today, you can use a day trading education site like Warrior Trading to get out into the world of day trading without actually risking money. You can take the online classes to understand strategies and techniques for finding the best penny stocks to trade. Then you can hang out in the chat room in order to understand how traders actually do it and talk about it on a day-to-day basis. And, best of all, you can spend time paper trading, which means getting into a simulated trading environment and trading virtual currency at the speed of the real market.

But before you do all that you want to be able to find penny stocks that are ripe for big gains. First off, what is a penny stock. It does not actually cost pennies. Penny stocks are generally thought of as companies that trade between $2 and $10 per share. That share price range can cover a whole range of companies, from fintech and biotech to mining concerns and low-level media companies. The range of business is huge. But the good thing is, you do not have to be an expert in those industries in order to trade the stocks. You just need to be able to look for patterns and jump on the trades early and ride them to the right result.

Profit/loss ratio is important and so is overall risk management. You can’t be right on every single trade, so you need to be prepared to be wrong about 40% of the time. Just try to make the profits at least double the losses so that the 60% success rate will leave you in the black.