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. =[

Critique of Federal Reserve Podcast

I reviewed monica and sharons podcast. I really liked how they setup the whole thing. It was very planned out. It's a different type of theme. The podcast is very educational. It thoroughly talks about the Federal Reserve system. The pictures matched perfectly with the content of the podcast and it was interesting how the "students" asked the "teacher" questions. They were the kind of questions I would have liked to ask =P At times, Ms.Fields seemed kind of lost because she got stuck and repeated words but it was still pretty good. They were both loud enough to be heard. I liked towards the ending when someone was about to ask a question and she interrupted. It was pretty cute and kind of funny. Well, overall the podcast was educational and interesting for it's listeners.

Compound Interest and the rule of 72

We learned about compound interest today. It is basically the amount of money you make over the years depending on the amount of interest the company makes. Over the years your deposit increases with the interest itself. For example, if you initially deposit $100 and the interest rate of the company is 10% in a year then you money will increase to $110 in the next year. The third year your money will increase with the interest amount earned together. Therefore in the third year you would make 10% of $110, which is $121. The more years you keep your deposit in the company, the more you gain. The ruile of 72 says that in order to find the number of years requires to double your mo ney at a given rate, you can just divide the interst rate into 72. For example, if you want to know how long it will take to double your money at 8% interst, you just simply divide 8 into 72 and you get 9 years. BUT this rule only works if the percentage is less than 20%.

Stock Market Game - 1 - Initial Investment Strategy

My intial strategy for this game was to buy penny stocks. There incline and decline very fast. I wanted to find as many penny stocks as I could because it would make a rapid change. I believe the more risks you take, the more you are likely to win at this game. My first plan was to buy googl;e stocks because google is at its all time best right now. Google seems to be taking over thee world. Now I just hope all this doesn't go down too much!! Buy everything and let's hope for the best =]

Insider Trading Scandal - What Happened?

The insider trading scandle was uncovered on thursday. A group of current and former employees of U.S. top banks were charged for insider trading since the 1980s and accused of using leaked information and even blackmail to make millions of dollars. The case involves over a dozen people and four major Wall Street investment banks. Over 15 million U.S dollars were made as profit over a 4-year period. About 8 million dollars were found from the accused. Insider tips, kickbacks, blackmail, disposable cell phones, secret codes and clandestine meetings were all part of the plot. In all, 13 people have been arrested in the criminal case. The SEC brought civil charges against 11 individuals and three entities. Many were pleaded guilty. This is one of the biggest wall street scandals since the 1980's.

Dow down 416 pts! - Why?

The Dow Jones went down because of many reasons. One of the most important reasons is the Chienese stock market. The decline of the chinese stock market effected the Dow Jones tremendously. There hasn't been a decline in the Dow Jones since 9/11 therefore it also has an effect on it. The stock market was the reason for the decline of the economy during the Great Depression too. Though at this moment it is not as bad as the time during the great depression, it could soon lead to that if the market keeps declining. I believe it is better to buy the stocks when the prices are low. It's a bargain!!!!

OPPORTUNITY COSTS!

Opportunity costs is the process in which you have to give up one thing to gain another. When economists talkn about opportunity costs they are talking about giving up something to something we desire more. The example provided in the "opportunity cost" is about college. If you have a job, your giving up a lot of other things in order to keep that job. For example, you could be that you could sleep in. If it is a nice day you could take my dog to the park and play all day. Or, you could even spend the day looking for a better job right?


In my life, i have been in these types of situations too. At every turn, there is a decision to make. For example, just today I had to choose between hanging out with my friends or going to pre-cal tutoring afterschool. If i went to pre-cal, I would have a better chance at understanding what's going on in class and possibly get a higher grade on the test. On the other hand, I could go outside and have fun with my friends. Ofcourse I chose to hang out with my friends. For me, that holds more importance.

TEST =]

test test!!