Money Archives - MoneyWatch101

Mixed Banking Stock Recovery 6 Months After Brexit

It has been six months since the notorious Brexit vote put the United Kingdom on a course for divorce from the European Union. In that time, fellow nationalist Donald Trump has been elected to the US Presidency, mirroring the ascendency of Boris Johnson in British social influence. While there have been numerous effects following Brexit, few were so extreme as the impact on banking stock prices, which uniformly plummeted in the minutes and hours following the voting results announcement. For people not directly invested in British banking, one may wonder what has become of those stocks price since?

The results have been something of a mixed bag. While there could be endless analysis of all the British banks affected, we’ll focus on two in particular: Lloyds and Barclays, specifically because of their ongoing troubles with the PPI claims scandal. Many investors want to know, is now the time to buy, hold tight, or jump ship with regard to these bank stocks.

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How Does Social Trading Affect Your Portfolio?

Social trading is one of the best things to happen to an investor. This growing trend combines the aspects of social media with that of a broker, making it much easier to buy, sell and trade. Using social trading, binary options can be an easy way for new investors to get started since it allows people to engage in an active community, rather than having to research on their own. Social trading can also help seasoned investors perfect their skills learn more about the market and eventually make more money.

Learn from the Best Investors
One of the biggest advantages to socially trading is transparency. Users can easily see what their more successful peers are doing and choose to copy their actions. This allows beginners to learn quickly from some of the best investors, rather than struggle to figure out which companies to invest in on their own.

Different Platforms, Different Features
Much like social media, there are a wide range of networks aimed at investors. Each on has its own advantages and disadvantages, so there is no perfect platform. The benefit of having so many choices is that it makes it easier for investors to find something that works for them and suits their needs. Most of the platforms available will offer one of these features:

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The Last 300 Hundred Dollars Christmas Edition

Hello Readers we are doing another rendition of the the last hundred dollars I’ve spent recently, but this time it will be a Christmas edition. We are upping the amount to $300 dollars because $100 is just to small of an amount for Christmas. Imagine if you only had a hundred dollars to your name, what would you spend it on? Granted if you were down to the last hundo, I bet you will save some of it for food or maybe all of it lol. We gots to eat to live! The Last 300 Hundred Dollars Christmas Edition has been a fun ride. that I’m happy to share with all of you.

The last 300 hundred dollars Christmas edition is a way to lighten up the financial blog space with something unique. Yeah I could give you a bunch of spreadsheets showing my monthly net worth, but that’s been done a thousand times over. As of right now I still don’t feel 100% showing you guys all my pennies and cents, but with these posts you get a sneak peak at some random expenses. See below for the fun.

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Money and Relationships

I recently wrote an article based on the money and looks topic, and it was a received well. Now we are going to continue the theme, but this time with a listicle of random facts solidifying why money has a greater weighting in relationships. The moral of this post doesn’t mean money is everything, but it just puts things in perspective to see the facts as to why money is so important in today’s world. Money and relationships go hand and hand, and if your perceived to not have any mula, the dates will dry up like the Sahara Dessert.

I cant fathom how or why our culture is shifting so far into money being a prerequisite to dating someone. Hey if you have millions and look physically unappealing, I know for a fact that you can get a model to date you. If someone drives a fancy car it is assumed that the driver is well off. If you travel constantly and post Yolo all over Instagram, you’ll probably get more than a few invitations to date.

Its about time we ask a serious question. What do you love more – The Money or the Relationships?

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7 Ways to Make $500 Extra Dollars Next Month

Side hustle topics and podcasts are all over the internet to help people find a way to make extra income. But how do you really start today to get some extra dough without killing yourself with an immense number of hours added on top of your weekly work load. Most of us have a 9-5 consuming the bulk of our time every day, so if your day is flexible maybe you can hustle and bustle your way to make surplus money.

How you can make $500 extra dollars next month well that depends on your abilities, skills, and dedication to get out and make it happen. Why would you want to build another income source? Because its a good idea to diversify income away from 1 source and into multiple sources. As of right now I have 3 sources of income and I am I looking to increase it every year. Those with 5 income sources or more are in a position to presumably avoid financial risk due to the diversification of total income. If 1 income gets eliminated the person can fall back on the 4 others to pick up the slack. See Below for a few ideas on how to add another income source.

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The 3 Emergency Fund Accounts

Let’s jump right into this one and begin to discuss the purpose behind the 3 emergency fund accounts. An emergency can happen at any given moment, but will you be prepared to fight through the financial snow storm? In my situation I have about 3 accounts that I can tap if an emergency arises. It helps me sleep better at night because it’s a safety net waiting to catch me if I fall on hard times. Now what is considered hard times is up for debate, as some people feel a trip to the beach for a week is considered hard times.

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The Last Hundred Dollars

A new series is born today, with the premise that now I will let you in to see what things I spent my last hundred dollars on. Imagine if you had only a hundred dollars to your name, what would you spend it on?

Would you go to the Mall and splurge? Or Maybe you get happy saving some of it before its all gone?

The last hundred is a way to lighten up the financial blogosphere with something unique. Yeah I could give you a bunch of boring spreadsheets showing my monthly net worth, but that’s been done a thousand times over. As of right now I still don’t feel 100% showing you guys all my pennies and cents, but with these posts you get a sneak peak at some random expenses. See below for the fun.

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The Minimum Wage Debate

The minimum wage debate

Hey you do you think the minimum wage amount should be raised? If yes is your answer or no is your answer, let’s have the minimum wage debate today. The current minimum wage in my state is 8.25 cents an hour, or 330 dollars per week, or 1320 per month. This is the amount prior to taking out federal and state taxes. I don’t know about you but 330 dollars a week doesn’t go far to support anyone in 2015.

From my research the average rent in my area for a 1 bedroom apartment is 850 – 1200 dollars per month. Now can someone making 1320 per month successfully pay for shelter, including food, utilities, and transportation costs? Unfortunately it is impossible for many people who oppose raising the minimum wage to do a simple budget. Thanks to a coworker I got a flyer from the national low income housing coalition, and it states a housing wage should be 25.17 per hour as the minimum in order to afford a two bedroom fair market rent in NJ. I can add and subtract with ease, and if you take 25.17 -8.25 = 16.92. That is how much we are off per hour for someone making minimum wage to afford a two bedroom rent.

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