Archive for October, 2013

Smart Financial Tips For New Parents

Wednesday, October 23rd, 2013

Smart Financial TipsBecoming a parent can be a very overwhelming thing. But along with that it is exciting as you enter a new stage of your life and you get a chance to experience new things. As a parent, you must be responsible enough to secure your child’s and your life financially. Once a baby enters your life, your financial expenses tend to increase because you have to spend on a lot of things like your baby’s clothes, food, health expenses, education etc. This article will list down a few smart financial tips that will help you raise your child appropriately by following a proper financial plan.

Firstly, it is very essential that you plan your budget. Try to get to know the costs of the different things that your child will require like diapers, formula, baby wipes etc so that you get an idea of how much you will have to spend on those things. In accordance to that you will plan your fiscal budget and save some money every month to fulfill the basic needs of your child.
Getting a life insurance policy is an absolute necessity especially if you are the mother because it will save your family and your child from any financial crisis in case anything unfortunate happens to you during or after the birth. Health insurance policy should also be availed by you so that you can take full advantage of the policy before and after your child is born. Both life insurance and health insurance policies should be availed for your child as well so that his/her future is secured.

Whenever you are buying things for your baby, avoid going overboard. Only buy those things that are extremely necessary and can be afforded by you conveniently. It will be a smart move on your part to save for your child’s schooling, higher education, marriage etc from the very beginning.

Recession survival strategy

Saturday, October 12th, 2013

Recession survival strategyIn these constantly fluctuating market conditions it is very difficult to predict when the economy will face a boom period and when it will face a period of depression or recession. Recession is such a period when the economy suffers huge losses because of wrong economic decisions or because of the bad response of from the world market. Recession periods are faced by all countries at some point or the other but it is important to come out from the bad situation than staying in it and not doing anything about it. Many big companies at this time of continuous financial loss over a period of time fire employees in huge numbers in order to cut down on service charges and labour cost and to recover some of the money. It is important for us to know the survival strategy at times like these:

Firstly the marketing structure should be manipulated for the better. Suppose your company is marketing for a new product, say shampoo. The feedback says that the response for this new shampoo is not so good. So it is best that you stop marketing and wasting precious time, labour and capital in a field like this.

Secondly prices of your shares should not be lowered immediately. It is important that you have your own working plans and schedules. Inspite of the fact that recessions can be very unpredictable, future prospects of price of your shares going higher should be considered and according to that prices may be changed thereafter.

In today’s world where the World Wide Web is a big hit amongst the youngsters and elderly both it will be a smart idea if you start focussing your attention on the concept of online marketing. Local involves the wastage of more time and energy should be replaced with online marketing as this helps the cost factor.

How to find a credible forex broker

Thursday, October 3rd, 2013

credible forex brokerAre you planning to join up with currency trading? Well, the FX market looks really promising and hence would be good to have some extra income. But first of all you have to get in touch with a good forex broker who will be your able guide throughout the trading process. The post here is a short brief on how to find a reliable Forex broker.

First of all, you have to settle with a reputed broker from the market. Carry a market survey among 4-5 FX brokers around which will help in taking up a comparative study. Make sure that the broker you are going for is an accredited broker who is registered with FCM & CFTC. This ensures that you are hooking up with a legal company. It’s also necessary that you take to a seasoned broker who is well aware of the different complexities of the FX market.

Then, check out the FX software offered by your Forex broker. Try to settle with those brokers who count on award winning software that are user-friendly and easy to customize. Besides, the software provided should allow you to start off with a demo account. Currency trading is a complicated field which requires good practice from the trader for a successful venture. The demo account would be your able help here allowing you to experience a solid practice before starting out in the real world with your hard earned cash.

Then, make sure that your chosen broker permits you to open up small accounts. It’s wiser to start small when you are a novice in the forex market as it lessens the risk factor. Moreover, you have to check out beforehand that the FX broker you are going for is ready to supply you with real-time information on the Forex market.