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The Eagle Eye: Tips and Tricks for Tracking Gold Prices

You can apply the tip that you need to keep your eye on the ball to a number of different scenarios and one of them is definitely when you are talking about tracking gold prices, so that you can potentially spot an opportunity to buy or sell for a profit. If you are looking for a source of gold price information and other data, Money Morning has the details on that score. In terms of keeping an eagle eye on your investments and spotting an opportunity to trade, here are some tips and tricks to consider. Two main ways of tracking gold prices One of the fundamentals of trading gold is to understand how best to track the price of gold, and there are two main ways of doing this. The first is to look at what is called the spot price of gold. Put simply, the spot price is the price at which you are able to currently buy or sell physical gold. This will obviously be fluctuating all of the time to a certain extent and responding to general market conditions, sentiment towards gold as a commodity at the time and rising or falling in response to buying … Read more…

How College Graduates with Student Debt Can Efficiently Manage Repayment

David Johnson is a recent graduate of the University of Ohio. Until he heads back to college to pursue his MBA, he is working to start his own personal finance blog. Now that you have graduated from college, you will find that it is time to pay your student loans back. This is a crucial step in the student loan debt issue. With a high risk of default, it becomes extremely important for recent grads to manage their student loans effectively. Failure to do so leads to even bigger issues for both the individual as well as the rest of the country and taxpayers. Tackling debt is going to get old, and most graduates are going to have to start with student loans. There are plenty of ways to approach student loan debt, but choosing the correct way is fairly important if you want to set the stage to a bright future. Here are several ways to limit student loan debt that may leave you in better shape for the future. Refinancing Your Student Loans Student loan refinancing essentially creates a new loan with a lowered interest rate, hence the term refinancing. Refinancing is available for both private student loans … Read more…

Three Sneaky Ways Companies Can Weasel Away Your Money

Today more than ever before, it’s easy for funds to find their way out of your bank account without you being aware. We’re not talking about outright theft (though we will deal with fraud in one of these accounts). Instead, we’re talking about the ways in which busyness can take your attention away from the careful tending of your personal finances. When you get too busy, or “Take your eye off the ball” for any other reason, there are plenty of companies who would love to get a little extra of your money. Here are some of the ways they do just that. 1)    Convenience. There is a whole class of business that has emerged in the 21st century e-commerce sphere that offers the consumer a tremendous amount of convenience. In many cases, this will come in the form of automated deliveries and payments, as well as generous free trial startups. While companies like Amazon have really delivered a tremendous value proposition when it comes to their Prime service, it’s not even a little difficult to sign up for these auto-payments and free trials…only to forget to ever cancel them! If you are like many people, at some point in … Read more…

Fun Can Be on the Horizon

It’s not much fun being broke; not knowing how you are going to pay your bills next week as your money is running out quickly. It was something that became all too common during the recession and although the economy is improving the legacy of the recession is still around. Fun seems a long way away because the stress of debt makes it almost impossible to relax and cast it from your mind. Do you see this as the situation you face and see no realistic way out of your problems? It is important to state at the outset that you will need to have determination and self-discipline to improve the situation but it can be done, certainly if you have a job that pays you a regular monthly income. The question is what you do with that income and whether there are savings and economies that you can make to start the process of recovery to a financial stable footing. No Escape There’s no escape from some bills and it would be wrong to suggest otherwise. The rent will be due every month, you have to heat the place when it is cold and feed yourself. Transport will be … Read more…

Coping Financially in a Very Demanding World

Many people are looking to learn how to cope financially in an increasingly demanding world. Some resort to investing their savings while others save money by using coupons when shopping. Whatever the method you use, don’t you worry, as long as it works for you. I do not know what your problem is. I do not know at what level your finances are. The most important thing is that I will reveal effective ideas and ways to solve your financial problems as soon as possible. Below are some efficient paths to follow to deal with financial responsibilities without losing your wits. Stay positive: A positive attitude is an important quality that helps you handle all situations with optimism and serenity. You probably have difficulties making ends meet at the end of the month. You may have even been forced to step down on your lifestyle. But this does not mean that this is eternal. And that you will always live like that. You may well improve things. Things can become like before or better than before. However, this will not happen if you keep feeling sorry for yourself. Or worst of all, if you throw in the towel and refuse … Read more…

7 Valuable Tips to be Smarter in Investing

The sad news is that the topic of personal financial management is not taught in schools. We learn that you earn an income by getting a job and working hard to reach the top and make some more. The problem is that to make more money, you have to put in more hours. More hours means you will sacrifice your leisure time to enjoy the money you will have made. The good news is you can be able to make your money work for you instead. This will not only maximize your income whether or not you get a raise, work overtime or choose to look for a higher paying job. This is where investing comes in. By definition, investing is when you commit money or capital to an endeavor and expect to get additional income or profit from it. There are various ways you can go about making an investment. It can be through stocks, bonds, real estate or mutual funds. Whichever investment vehicle you choose to use, the goal is putting your money to work in order to earn an additional profit. People invest to have the sense of security, to afford the things they want in life … Read more…

A Better Credit Score is Pretty Much Free Money

When it comes to personal finance, we’ve all got loads of ways to save and invest better. While we tend to focus on easy-to-understand options like frugal spending and debt reduction, sometimes it’s easy to forget that options like a better credit score will bring money into your life just as well. The thing is, a better credit score has effects that aren’t easily seen. It can take a lot of time to notice how a better credit score can improve your financial life. But the end result could be tens or hundreds of thousands of dollars left unspent, for you to save, spend, or invest as you please. It’s a pretty cool process that you probably already understand somewhat. For details, read on below. First of all, you’ve got to understand what a credit score is. It’s a three digit number that is given by three different credit reporting agencies. In fact, you have three credit scores, because each of these companies scores you a little differently. What are they scoring you on? Your credit behavior. Every time you apply for a new credit account, pay off a balance, or let a bill go past its due-by date, these … Read more…