How to Save Money?

This is one the most important things in life that everyone should be concerned about. Savings is the only way to help youself reduce or stay out of debt. The article "More Advice Graduates Don’t Want to Hear" is about way to save up money. This article gives good advice on how and when you should start saving money.

Tax- How does the government spend it?

The government use the tax money that we pay to help it's economy grow and to make it better. The money is used for various things. Things such as providing money for wars, for public issues and courts. The money is used to make things for the country; such as roads, bridges and to run the government itself money is needed. The money is used for public services. These services include transportation, security, water, waste management and various other everyday things. You pay tax money to fulfil YOUR needs.
So how much money is really spent and on what is it spent on? Twenty-one percent of the money goes to Social Security, twenty-one percent goes to National Defense, twelve percent goes to Medicare, thirteen percent goes to Income Security, ten percent goes to health, nine percent goes to net interest, and fourteen percent goes to everything else.

Savings and Debt

These days all families do is pay off their debt. Financial charges can be really dangerous to the average household. The increasing interest in finance has put many American Families in debt. When I read the article "Couple learn the high price of easy credit". I was not really shocked. People borrow money without thinking how much debt they will be in, in a long term time period. It is not the families fault either. The prices of everything is increasing and the only way to get money these days is to take loans. the high expenses have caused average earning family to fall into debt. Majority of the people these days are in debt. The interest rates in United States is declining. The rates are also declining in other countries as well, such as Japan and France.

Critique of GDP Podcast

I am going to crtique Mari and Jared's Podcast.

I really enjoyed watching their podcast. It was very catchy. I really liked how in the begining the phone rings and they showed a picture of the person that was talking, so it was going back and fourth on Mari and Jared. They explained the topic good but it was too general. They wasted too much time saying "yeahh...ummm...". They did not really get to the point that fast which after a while started getting boring. Overall I think the podcast was great. It was easy to comprehend what they were talking about.

US Trade Deficit: getting better?

Trade deficit is when a country imports more than they export. So basically the country is buy more than they are selling therefore effecting the coutries economy tremendously. Trade Deficit is definitely getting better. This is what the article is talking about. The article talks about how the increasing trade overseas is going to benefit the US. It is going to give the US dollar more importance. So if the coutry begins to be more export-driven economy, that would add more jobs and help reduce the trade deficit.

Taxes - How Does The Government Get Money?

So how does the government get money? There are many ways in which a government recieves money. There are direst methods and indirect methods. An individual can either pay by doing labor for the government or by paying taxes. Paying taxes is not an option for the individuals. They have to pay taxes. If they do not pay, there are many penalties layed upon the individual.

There are many different types of taxes that people can pay. For example, Corporation tax. This tax is taken from the profit of a company. Another type of tax is the Consumption tax. This tax is taken from any sales that are made. Taxes are deducded from basically everything and anything an individual buys or makes.

Student Loans - Beware

Students take student loans with many hopes and dreams of becoming successful instead they are overwhelmed by the debt. I think it is really hard for students these days to be able to afford the kind of education they deserve. Even if the student has extreme desire to go further in their education, the money becomes a major issue. Is thats right? I believe the cost of education should really be reduced. For my first year in college, I am also taking students loans. I am taking 2 loans, one for 2500 and 3500. This is for one year at Saint John's University. I am receiving a lot of financial aid which is what made it possible for me to attend a private university. It is really going to add up alot through out the years. This is what scares me about getting a higher education. =[