How to Save Money

This article shows you how to save money and how people miss spend money. And buy stuff they don't really need. You have to stop buying high tech technology. You could buy the high tech technology but you have to wait till the prices go down. Never take out money from real state because their interest is really high. Oh yea and you have to lose weight because if you eat a lot you will have to spend a little more but during the years it could add up. To save money you could buy used stuff and you have to make your own coffee because you spend money buying coffee. And you have saved money you have to put it the bank. And find a package like for a phone, cable, and internet. I think I could leave like this but except to buy used stuff I can't do that. And you should start working fast because you save money and the interest gives you money.

Taxes-How Does The Government Spend Money?

The Federal Government spends tax money on repairs for the city suppoedly and pay the people that are retired. I think that money go to welfare and medicaid. The Government spends the money in education, it pays off the debt the country has, health and human srvices, and the treasury.
New York state spends it it's taxes on repairs, health plans, education, and transportations. The taxes goes mostly to health plans or anything that has to do with medacine but only New York State. A lot of money goes in parks and jails because parks are for the community and you need to feed the people that are in jail.

Saving and Debts

I think this country just kills people with the interest because if you make a late payment you have to pay a late fee and I understood that the interest goes up. That's just insane because at least the people should get at least a warning. People get in dabtsos easily because they buy houses, they buy stuff with the credit card while the interest is very high and they get even in more debt. Finance charges are dangerous because their interest rates are high and you get a fee if you miss a payment and the interest rates goes even higher. Americans don't save money anymore because the high interest and the debts they are in and they can't finish paying it off. The saving rates in America went down in the couple of years because of the interest rates and people can't pay it off and then dont save because they don't have money left over.

Critique of GDP Podcast

The Podcast that I liiked was Franchesca's and Roshanjit's (http://www.mmoloneyiths.com/econ/podcasts/gdp/rosh-fran.mov). This podcast was very informative and it gave good information. It explained the GDP thorougly it was good. The recording it was good it was very loud and clear I understood everything they said. The pictures were good but some were cut of you couldnt see the whole pictures but it was good because it went with what they said. Yea the podcast was very creative they were like teachers and the listeners were students. I liked especially the ending. Yea I learned a lot of things for example the GDP and other stuff. It was very educational this podcast should get a 99 lolzzzzz.....

US Trade Deficit: getting better?

This article is discusing about the trade defecit and the trading all over the world. Trade defecit is the trading that occurs all over the world and the debt they are in. The US trade defecit is likely to go down because we will have less trade and we will have more import than exports. And probably we will have less people working. It doesnt matter it could be a dollar you will still help the economy to go up because the more people spend the economy will go up. In China know they are selling KFC and McDonalds to bring our economy up.

Taxes-How Does The Government Get Money?

There are three types of taxes there are federal government taxes, state government taxes, and local government taxes.
The government gets it's taxes by deducting in it from your check. That is why many people prefer working of the books because they deduct nothing from there. For example you are working legally if your earn 1,000 with taxes and everything you will probably take like 700 dollars. And if you work of the books you just get 1000 without any deduction. But working legally is better because when you report taxes you could retire and when you work of the the books you can't.
The government deductes your taxes by taking it away from pay check.
One federal tax is the IRS.
The state taxes is when you own a property or a store and you have to file taxes for that and they take away your money or you pay taxes for your property. And when they charge taxes on clothing that's a state tax. Because sometimes in other states they don't charge tax for that item.

Student Loans-Beware

I think sometimes students take out big amonuts of money to go to trips or buy stuff for them. And some colleges are just expensive and some people can't afford it and they still go to that college. I think student loans are good but for the people that are responsible and use it just for college and for your carrer. Yea I will take a student loan but I will probably ask for $20,000 because I'm not going to take out a lot of money then I couldn't pay back and then the interest are going to kill me.

Critique of Federal Reserve Podcast

The podcast I will be looking at is Ritu's and Frachesca.(http://mmoloneyiths.com/econ/podcasts/fed/retu-franchesca.mov) Their podcast was very good it was original. And it gave us a lot of information. The interview was perfect it was an original idea and it gave a lot of information. Some information I couldn't find and it was clear. And it made it very interesting to hear the images matched what they were saying it was very good. This podcast is very educational it answered the questions and it gave extra information. From this podcast I learned new things. The podcast is very clear and the podcast is very interesting. The podcast was very original I liked it.

Compound Interest and the Rule of 72

The compound interest rule is when you have money invested. And they pay interest to you because they use your money. So every year you gain money from interest and each year that passes you gain more money from the interest. And that's how you gain more money by the interest they pay you.

For example, if you were to invest $100 with compounding interest at a rate of 9% per annum, the rule of 72 gives 72/9 = 8 years required for the investment to be worth $200, an exact calculation gives 8.0432 years.

Insider Trading Scandal-What Happened?

The traders were caught the fraud occured because one of the traders was in debt with the other one. So they both agreed that one of the traders would tell him information about the stocks. So the other trader will know when to buy or sell the stocks. One of the traders was sharing information so that's illegal. They communicated by codes and to trade the money they went to hiding spots. They made a lot of money because they knew what to do and when the stocks were going to go up or down and when they could sell there stocks so they won't lose money. They shared information about the stocks that the way they made lots of money and they did different trades that will win them a lot of money. So they will be facing court for fraud.

Dow Down 416 pts.-Why?

After steady declines in all markets, panic seemed to hit the American market just before 3 p.m., perhaps caused by sell programs that went off at 2:52 p.m.There were some technological problems yesterday. Dow Jones, which calculates the Dow industrials, said its system fell behind shortly before 3 p.m., and that a big fall was shown when the backup system came on.I won’t do anything with my stocks because eventually it will go up sooner or later. I will just leave my stocks alone if I lose money than I lose. Because sooner or later it has to recover.I think it will be a great chance to buy stocks because you could buy it for a cheaper price and instead of buying one you could buy two. Like I said the stocks would eventually go up.The decline that occurred on Tuesday everyone panicked because the last time that occurred was when the 9/11 attacks occurred. And when the great depression occurred because the stock market went very low.

Opportunity Costs

Opportunity Cost is when you give up something to get something else. Opportunity cost is the cost we pay when we give up something to get something else. There can be many alternatives that we give up to get something else, but the opportunity cost of a decision is the most desirable alternative we give up to get what we want.One example that I can use to describe opportunity costs is that I had to stop playing soccer to focus in school and get better grades.Another example I can use is that to earn money I had to stay baby sitting my cousin instead og going to the movies with my friends.

Types of Economic Systems

Traditional economies: are in which people do their own thing that they survive on what they make. For example if you plant vegetables and you eat that. Traditional economy is the same as your past for example your grandparents. You still could find traditional economies in South America, Asia, and Africa. Basically traditional economies are passed down by tradition and they chose to live that way.
Centrally Planned (Command) Economy: The centrally planned economy is basically run by the government and the government decides everything on what to do. No other person could make a decision to run any kind of business. The government decides what goods they could sell and produce. And the government sell the goods and the services.
Market Economy: The U.S. runs on the market economy. A market economic system is one in which a nation's economic decisions are the result of individual decisions by buyers and sellers in the marketplace. An economy that operates by voluntary exchange in a free market and is not planned or controlled by a central authority; a capitalistic economy. Market economy depends on you because you could open a business and if the consumers look for your product you have a chance to succeed if the consumer doesn’t like your product you will run out of business.
Mixed Economy: A mixed economy is when a country has communism and socialism. No countries have only one because every country has a mixed economy, with some free enterprise and some government ownership.
Communism: is when the government operates and controls all of the nations productions. Communism is a system of government in which the state plans and controls the economy and a single, often authoritarian party holds power, claiming to make progress toward a higher social order in which all goods are equally shared by the people.
Socialism: is when the government owns everything from banks to airplane companies. And everyone contributes to the economy. If the government owns and operates many of the nation's major industries-such as banks, airlines, railroads, and power plants-but allows individuals to own other businesses, including stores, farms, and factories, that nation's economic system is called socialism.

Stock Market Game - 1 - Initial Investment Strategy

I’m planing to buy many stocks but it has to be cheap but the percentage has to be pretty high. No I’m not planing to buy a mutual fund because you have to re buy the stock and you waste money. I’m planing to buy stocks that deals with energy, light, and food because that a everyday thing and you need that. Or I was planing to buy a gasoline stocks because you need gas to run cars and many other things. I am not planing to but a penny stock because you don’t win that much money on that and there is a greater chance you will lose everything. My strategies is to research all the companies and to see how much it raises per week. And the cost of the stocks it has to be kind of cheap so I could buy more stocks.