These Ultimately Easy Ways to Make Money

Vacations are a time when most kids think of taking up summer jobs in an effort to pocket some extra dollars. Taking up small jobs or setting up a small business will enable kids to experience working with different people and teach them certain values and facts about the real world. A vital point to remember here though, as parents, is not to help the kids or children but rather let them learn by themselves. Provide them with pointers or guidelines but do not carry out the task for them, this will definitely hamper them when they start working independently as adults. What’s more, such an endeavor will provide kids with some money to spend once they get older, or save for college.

Some Ways Through Which Kids Can Make Money

Here is a list of fun and easy ways to make money for all those youngsters and teenagers who wish to earn on their own, but are too young for a professional employment or job.

Delivery Services
All you need in this case is a good bicycle and a strong pair of legs! Delivering newspapers,

Debt management techniques suggested

The main reason why so many people today find themselves in debt is due to rampant usage of credit cards! Yes, it’s true. Credit cards offer the convenience of buying the goods today and paying for them later. This convenience has been misused by our generation beyond belief.
Debt is a dreaded word! Once you fall in it, it takes a lot of planning and perseverance on your part to get yourself out. It would take some really good finance management techniques to bail yourself out of this unwanted situation.
Make a Monthly Budget and Stick to it
It’s very important that you make a budget every month, listing all your income and necessary expenses. Then, there is always some unnecessary expenditures that you can certainly do without. For instance, buying new clothes and cosmetics even when you have a cupboard full of them, taking a yearly membership of a gym when you do not even go there once a week etc. So the first advice is to eliminate all unnecessary expenditures, prepare a monthly budget, and stick to it.
Become a

Credit Card Guide for All College Students

It has various benefits which includes non-requirement of income, lost wallet services, credit education tools, etc. The most important benefit of these deals is that banks are generally lenient with young people with limited loan histories. In addition to these facilities, there are rewards and perks given for student lifestyles, and also benefits like 0% introductory interest rates, rewards, and cashback are also offered.
If one wants to earn rewards, he should read the terms and conditions carefully, as these cards generally carry higher rates of interest. Sometimes, it is also possible that the student with a credit card is eligible for rewards, if he falls into the category of consumers who pay off their debt on time. One can also look for a scheme with cashback rewards or inquire with the bank about the kind of reward schemes they offer. Here are some points one must remember.
Understand the Credit Scores
Credit score is a record of one’s credibility and depends on how punctually he pays back the borrowed money. It is stored at a credit bureau and improves if one makes

How to Get a Finance Job With No Experience

Finance is one such industry which is difficult to get into, especially for undergraduates and people switching from some other industry to finance. This happens because such candidates lack experience, which is considered as a key factor by finance companies for hiring new employees. Several resumes reach the interviewer’s desk, but only the candidates who either display reasonable work experience or have something exclusive, are called for the interview. It is during the interview, when a candidate without any work experience can create an impression on the interviewer, to get into the industry. Experts often get several questions from candidates who are interested in making a career in finance. Here is what they recommend.
Tips to Get a Finance Job Without any Experience
Build a Strong Resume

A candidate’s resume is responsible for creating the first impression on the interviewer. Hence, a strong resume with no typos, proper formatting, and accurate information must be built. Candidates who are unable to build a good resume must not hesitate from taking the help of professional resume builders. With a perfect resume, the candidate’s chances of being shortlisted for the interview are highly increased.

Take up Internships

Candidates lacking full-time experience in finance face difficulty in

The Prime Causes of Crowding Out Effect in Economics

Great Recession
During the great recession of 2007, government deficits had increased a lot, since the government had to incur huge public spending for the masses. However, the ultimate result was that it did impact the business sector, and they ended up being crowded out. Thus, government spending does have a negative side too, though it has been overlooked.
The dictionary meaning of the term ‘crowding out’ is thrusting out, or forcing out of a small place. However, in economics, the crowding out effect is an interesting phenomenon that deals with the government spending. Government deficit is a situation when the government ends up spending more than the borrowing. What does the government do when it is short of money? Simply mint money? Of course, not! Money circulation is not so easy, and the government cannot start printing money simply as per its wishes and whims. Too much circulation of money will not lead to an increase in the value of the goods or services, but will certainly increase the inflation rate in the economy.
Why does ‘Crowding Out’ occur?

To reduce the deficits, the government again borrows from the market. Since the fiscal policies of the government impact the economy

Lower Interest Rate on a Credit Card

There are some solutions that can be used to lower the rate of interest on a credit card. ‘Interest’ or the cost of credit that is incurred, as a result of borrowing, can be calculated before the credit card is taken. It can also be managed after the credit card has been issued. ‘Interest’ rate on a credit card, basically includes all the credit card processing costs, APRs (Annual percentage rate), late fees, membership fees, and service charges.
In theory, the best way to get a lower interest rate is to have a good credit report. If one has a good credit report, it acts as an advantage, and credit card companies issue cards with lower interest rates. However, apart from a good credit report, a low-interest credit card is given to a select class of working people, such as military servicemen or people with disabilities. Different companies offer special concessions to frequent fliers, or those who have low-interest business credit cards. There are also several other ways to reduce credit card debt that you might incur. For example, checking the facilities of differential APRs. When a credit card holder spends on items of necessity such as food and clothing,

Giffen’s Goods With Appropriate Examples

Before we begin with discussing Giffen’s paradox and proceed to look at what goods and items come under the purview of this paradox, let us first have a brief refresher of the law of demand. According to the law of demand, with everything else remaining constant, the demand for a particular good increases with a decrease in its price and decreases with an increase in its price. As such, there is an inverse relationship between the price of a product and the quantity demanded.

Demand for a product is, therefore, a function of its price and this relation can be mathematically depicted as:

Qx = f(Px)

Where, x is the product, Qx is the quantity demanded of the product and Px is the price of the product. Giffen’s paradox constitute of those phenomena or demand scenarios that violate the law of demand and various examples of Giffen goods act as exceptions to the law of demand.

What are Giffen Goods?
A Giffen good, as stated above, is that product or good that defies the law of demand in terms of the relationship between its price and quantity of demand. This particular economic paradox was propounded by Scottish economist, Sir Robert Giffen (after whom it’s

Credit card minimums are legal or not

Credit Card Minimum
It is common to come across handwritten signs and printouts requiring credit card users to buy things worth a minimum of USD 10 in order to have their cards accepted by retailers. However, some customers simply get offended and decide against making a purchase the moment they are asked to spend more than they originally planned for.

Credit card networks unanimously prohibited retail and business organizations from setting any minimums for credit card users until 2010. The objective behind disallowing minimums was to make credit cards as acceptable and easily accessible as cash. However, the restriction imposed on minimum purchases by merchants, set the credit card apart and alienated customers further.

Congress was asked to look into the matter by a coalition of small business owners and retailers, who wanted to legalize the imposition of minimum purchases for credit card users. Their contention being, that the retailer incurred expenses by accepting cards for small transactions. The smaller the purchase of a customer, the more unprofitable it would be for the retailer to accept the credit card. Since, every time a credit card is swiped, the flat fee as well as a part of the customer’s total is deducted from

Finance Budgeting

Need for Financial Budgeting
The need for budgeting arises because of the fact that you are responsible towards yourself. Responsibility towards oneself means, a constant struggle for the better. Thus, the need for personal financial planning is to fulfill the self-actualization need for improvement.

Monthly Financial Budgeting
Make a chart of income and expenditure, which you make all through the month. Based on this you will be able to make successive budgets. Here’s a chart that you can follow.
Net Income
Expenses At Home
Home Repairs
Home Improvements
Natural Gas and Oil
Child Support
Health and Fitness
Other Loans
Contingency Fund
Balancing Figure (Difference of income and expenditure)
Once you fill in the details for this chart, you will get a complete picture of what you are earning and how much of it you are spending. Based on this chart, you can make the estimated budget and the actual details will follow as the month progresses.

Yearly Budgets
Now that you have the monthly assessment, of income and expenditure, multiply it by 12 and you will get the yearly account. Yearly budgets will give you targets of the income you need to

Economic Problems That Hamper the Growth

The economic challenges and problems prevalent in today’s world revolve around several dynamic aspects of society. The academia of economics, as well as its material behavior, is based around man, society, and institutions. The theories that are used to solve financial problems are usually true, but not always. The faster we grasp the fact that economics is an art that revolves around man, the sooner we will be able to have financial peace. Another truth that we need to accept is that hardships or challenges are always going to be present.

What is an Economic Problem?

In a broad sense, an economic problem can be defined as an abnormal and irrational or irrelevant behavior by socio-economic units and market components. There are innumerable causes for this. Though there is no scale that measures the level of abnormal behavior, a financial problem is said to have arisen when the abnormal behavior by economic components tend to affect several institutions.

In this discussion, market components signify 3 major constituents of the market, namely, demand, supply, and price. Though the magnitude of all the three components is small, it plays a highly influential role at a macro level. The term institute defines individuals, organizations, companies,

Credit cards are a necessity or a luxury

Recently, I tried to mend my shopaholic ways by trying out the ‘100 days shopping ban’ challenge. This meant that I would not shop for anything except for the basic necessities for a 100 days, starting from a certain date. One weekend, I decided that the best thing to do was to hit a mall but carry no cash in order to refrain from spending.

As I was window shopping, my eyes dilated when I saw the ‘perfect pair of shoes’ on the display. This made way for a short-term memory loss and I completely forgot about the challenge. My frugal side tried to stop me from splurging on the pair as it would only mean adding to my self-proclaimed museum of shoes. But my shopaholic side encouraged me to go weak in the knees just this one single time. But I wasn’t carrying any cash. So making a purchase was impossible. Just then, it dawned upon me that I did have the ‘power’ to own the shoes after all. I frantically searched my handbag and got hold of a shiny object which would save the day, and help me pamper myself with some retail therapy. Yes, it was my best

Losing a wallet is a crushing experience

Your wallet contains a plethora of information about you, from your cards and license, to your cash. Losing it means losing all that it contained, and that puts you in grave danger, because you run the risk of identity theft. You need to be aware what needs to be done in such a case to protect yourself from things like credit car fraud, identity theft, etc. Once you get over the initial shock of losing a wallet, it’s time to think clearly. Do not panic (easier said than done, I agree). Think of ways to amend the situation. Here’s how.

Dealing with the Loss of Your Wallet
Once you are sure the wallet is not on you, hunt for it. Try to remember where you last used it, where you were when you last used it, what did you use it for, etc. Rake your brains and see if you recall where you put it back once you finished using it. Then look for it again in those places.
If you are sure you have lost it, call the place you last visited with your wallet. Most public places like shopping malls have a lost-and-found center, so chances are if they

The gold standard has been one of the most important monetary

During the current recession, different theories have been put forward to suggest the decline of the US economy. Some researchers attributed abandoning of the gold standard as one of the factors for economic instability. Since then, a lot of people want to know what this stands for. Although it is no longer in use today, the influence that it had on the world economy cannot be neglected. It is a system in which the monetary unit of a country is expressed as a fixed weight of gold. There was an agreement by several countries that they would value their currencies in such a way that it could buy the exact amount of gold that they held. For example, if a country had X units of gold reserves, then it could mint only a specific amount of currency equivalent to the value of those units. The Gold Standard Act was passed in 1900 and it established the metal as a monetary exchange all over the world. Richard Nixon ended the convertibility of currency into gold some 40 years ago, and today the measure is known as the ‘Nixon Shock’. A lot of thinkers, to this date, are critical of this decision

Effectively Manage Multiple Credit Cards

Managing multiple credit cards is not meant for the fainthearted, nor is it the safest option for the spendthrift. However, for those who are well-versed with the art of saving and monitored spending, availing more than one credit card can be a cost-effective option. There is a common misconception propagated by some financial analysts and consumers, that using more than one credit card can spell trouble, and must be canceled once and for all.

However, very few will tell you that using your credit cards wisely can help increase your credit score and creditworthiness. Of course, if the cards are used unwisely, it would be merely a matter of time before consumers find themselves in some serious debt. This Buzzle article discusses how to effectively manage multiple credit cards.
How to Manage Multiple Credit Cards
Credit experts advice consumers to always opt for a zero balance credit card, which they must keep locked away in a locker or someplace, where they won’t feel the need to use it at all. This way, the card can be used in case of dire emergencies, such as when an existing credit card is stolen, lost, or breaks. In such situations, the zero balance card

Credit card problems when you are traveling out of the country.

Tips to Avoid Credit Card Problems Abroad

The majority of the credit card problems that you might encounter in a foreign land are due to the lack of preparation before the journey. Here are a few things that you should do to avoid credit card problems:

Inform Your Bank
The frequency of the financial transactions done abroad might make your bank suspect a fraud. There are 2 reasons for the suspicion.
The transactions are not confined to your city.
The frequency of your credit usage is abnormal.
So, if you inform your bank, they will probably make a note of your travel, and this may help them understand that the unnatural usage of credit card is due to your traveling. If you have cards from multiple financial institutions, do inform all of them, else you might have to face automatic deactivation.

Check the Limit
Most of you might have heard of instances where tourists were arrested, as their transactions exceeded the credit card limit, in majority of these cases, the tourist did not know that he had exceeded the limit. To avoid such a blunder, make sure you inquire about your credit card limits, and do make a note of it.

Credit Card Information

Financial Problems in a Marriage

It is said that marriage is the best thing that can happen to two people in love. It is true, provided the spouses understand each other and are aware of the responsibilities that come with marriage. However, married life can suffer a setback, if there are financial issues in a relationship and the partners do not work it out properly to solve these problems. In studies conducted by experts, financial issues have been included as one of the top reasons for a divorce. So, it is always better to be aware of financial problems, if any, and find effective ways to deal with them.
Monetary Issues and Their Solutions
Handling Finance

This is one of the basic issues that married couples face. They are not clear about whose salary should be used for household expenses and whose should go in for savings. Lack of planning leads to confusion, ultimately resulting in differences between a couple.

Solution: Couples should try different ways to handle their finances and check which one works the best for them. According to surveys, around 64% of couples have joint accounts, 14% of them have separate accounts, and 18% of couples have both joint as well as separate accounts.

Tips to Stop Living Paycheck

The root cause of most of our problems, is that we are never satisfied with what we have. We want more. And more. And more. And some more… It just doesn’t stop, this wanting. Which is OK. But, what’s NOT OK, is the instant gratification of these wants. Actually, that could be termed OK too, as long as you are spending within your means. So what is it that is not OK, you ask? Well, it is when you are spending beyond your means, to live the way you want to. When you do not have the money, yet you spend on that extra purse, or cell phone, or that gorgeous dress, or a new car, or whatever. Before you know it, you have used up your money in debit cards, so you turn to your credit cards, reach your credit limit, and now you have those terribly annoying warning letters, flooding your letter box and crowding your email. Reminds you of the movie, Confessions of a Shopaholic? There is a very thin line between living paycheck to paycheck, and the above described scenario. It can vanish far too easily, and before you can say ‘damn’, you’ve been hauled into

Unbelievably Quick Cash

Virtually everybody is interested in making some extra money besides your regular paycheck. Now, this won’t necessarily solve all your financial problems, but will surely help you save for something special or help you get out of debt quickly. You may not realize it but there are plenty of options to earn on the side, all you need to do is look for a job or activity that suits your needs and matches your ability. Here are some quick cash ideas (all are purely legal ideas!) that will help you make some extra dough. The real essence, though, is to go out and actually try them before you can make extra money.
Live Art Models
College students can try finding jobs on campus. The art classes always require models for portrait paintings and sculpting. You could earn fair amount of money posing as a live model. You can even visit a local newspaper photographer and pose as a model for local paper advertisements. Many malls, fast food joints and children parks require people who will wear their mascot dresses and pose with customers. You can try a hand at this and earn some useful cash.
Upcoming Artists
Those who can

Pros and Cons of Debt Management

The economic bubbles that caused the economic recessionary cycles of 2007 – 2010 have also severely affected the debt and credit industry. The reaction of the recession that came out against people and borrowing consumers left behind tattered credit reports, several brutal bankruptcies and freaked out foreclosures.

The overall effect was not nice, and brought about a negative atmosphere among lenders and borrowers. When the recessionary cycle commenced, the rate of unemployment and frequency of lay offs substantially shot up. The people who got fired had already borrowed several secured loans, unsecured loans and were using credit cards.

The effect was that these people were not able to repay bills and loan installments on time. Deep in debt such borrowers often though of debt management programs as an alternative to get rid of debts. The pros and cons should however be thoroughly considered before a person makes a choice.

What is Debt Management

It is principally a service that helps individuals to negotiate debt interest rates, late fees and service charges with their creditors and lenders. Many debt management agencies also help people in debt settlement, provide a consolidation loan and initiate credit repair. Thus, these programs affect credit score in

Surprising factors that can hurt ones credit

What makes up my credit score?
FICO, the most widely used credit score in the US, does not divulge the exact details on how it prepares a credit report. However, it is widely believed that around 65% of the total credit score of an individual is based on two factors – payment history and total outstanding debt.
All of us have some sort of understanding on the fact that credit scores play an important role in determining whether or not we qualify for a loan. Due to the importance credit scores play in our financial management, it is extremely important to understand the factors affecting it. Although a lot of people might have told you incessantly about making your mortgage and credit card payments on time, there are other factors too that can hurt your credit score. Not paying your library fee on time, or forgetting to return that rented video, can have a negative impact on your credit score. In the following paragraphs, we will take a look at some more surprising factors that can hurt your credit score.
Closing a Credit Card

You might think of this as the ideal catch-22 situation. If you have been dealing with a