Posts Tagged ‘Savings’

Savings Calculator and Financial Calculator

by kenteegardin

People are always looking for ways to save money. In today’s economy it is always important to stretch your money as far as it will go. Many people find doing this to be very difficult because there are always bills to take care of and essentials that money needs to go towards. Fortunately there are many ways to go about making sure that you have the right amount of money to survive. Many people turn to savings calculators and financial calculators. These are designed to save the user money, keep them on budget and help plan out their future.

Financial calculator and saving calculators are very useful tools that are designed to help the user save money and plan out future steps to take. They way that these items do this is simply by calculating figures and using equations to find the numbers that the user seeks. These calculators can be bought in physical form or online in software form. There are even free versions online so the user will not have to spend any money to find out their important numbers.

These calculators are used mainly to find savings and to keep those who use them on budget. This is important for most people because everyone is trying to use their money wisely; therefore such a calculator becomes a very important tool. Another important facet of these calculators is to help the user plan for the future. By finding out where your money is going you will be better able to deal with any problems that arise at a future date.

People are always looking for ways to save money and in today’s economy it is always important to stretch your money as far as it will go. Many people find doing this to be very difficult because there are always bills to take care of and essentials that money needs to go towards, or they are simply ill equipped for such situations. Fortunately, there are many ways to go about making sure that you have the right amount of money to survive. Many people turn to savings calculators and financial calculators. These are designed to save the user money, keep them on budget and help plan out their future. So if you find that your financial situation is not what you would like it to be and you would like to plan your money out a little better, savings and financial calculators are a great way to go about getting started.

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Cool Direct Savings images

Some cool direct savings images:

autumn leaves between sun halos and flashlight


Image by oedipusphinx — — — — theJWDban
looking up through orange red star leaves into the sun produced an echo of that bokehlicious sun circle that has a few diffractal annuli around it.
autumn leaves with fill-in flash and haloes of the sun
Diffraction .
diffraction patterns occur not only with light but with all waves if they encounter an obstacle.
fill-in flash describes flash used to supplement ambient light in order to illuminate a subject close to the camera that would otherwise be in shade relative to the rest of the scene.
autumn bokeh sun by halo – diffraction through orange red star leaves
black square sun hypeЯReally eclipsed by housing blocks
halo mid 16th century (denoting a circle of light round the sun etc.) from Greek halos

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searching twitter’s topsy for ‘oedipusphinx’ results in:
──► Daylight saving blues? Time shifts, such as the the end of daylight saving time, can indeed spell trouble for your body clock, according to sleep experts. Nov 2, 2009, 10:46 AM, SF Health News Examiner, Jefferson Adams

──► autumn leaves between sun halos and flashlight @ CosmEpic {Premium Health News} since 4th April 2010. Has no backlink to flickr but at least photocredits are given to oedipusphinx …

──► Falling Leaves @ a word garden @ tumblr (September 2010)

──► My Annual Ode to Fall Last days of red and yellow – November 3, 2010 @ Words are Little Gods

- – - – - – - – - – - – - – - – -
google-search "autumn leaves between sun halos and flashlight": 8,550 results @ 17Aug2011
──► www.lenaroy.com/2010_08_01_archive.htmlAugust 25th, 2010
──► Allergic to the sun? @ Clinuvel Pharmaceuticals – light, skin, UV and photoprotection blog. February 21st, 2011.
──► Linda Long Writes: On a journey to find peace, love and happiness – today and all days! – Category Archives: Love, Sex & Poetry. February 23rd, 2011
──► Takeda-Blog @yahoo.com. July 23, 2011
──► Garden Design Exposed – Helping you create your own paradise on earth Garden Light changes during different parts of the year. Days are longer during the summer than in the winter. The angle of the sun is different at different times of year, and the light weaker during the winter months. Keeping levels of light in mind as you design can even promote a healthier garden ecosystem. August 17, 2011

Polavarapu


Image by satanslaundromat
"Three Indians! I don’t see anything funny in that!" — a direct quote from a college professor of mine, I swear

High Savings Interest Is High Risk in Today’s Inflationary Financial Climate

by eyewash

Seeking high savings interest rates has been a goal for most investors. The question is – Is that philosophy wise in today’s economic climate.

We all get a financial education to some degree or another. Most of us probably start out with a simple bank savings account. Then many will listen to the self-serving advice from the financial industry and governments. We get involved with retirement savings plans and mutual funds. Many will go on to invest in stocks and bonds directly. But you may not realize that 80% of the population right now will not be able to afford to retire and will be forced to keep on working; if they had only taken an investing for beginners course years ago.

The 80/20 rule seems to hold true in the investment arena at every step of the way. Only 20% of the people upon hearing of other ways to invest will get educated in how to actually do it. And 20% of those will have the commitment, the tenacity to achieve real success.

So what’s the next step up the financial ladder? Some will get serious about stocks, some will find the real estate housing sector, some will get serious about commercial real estate and a few may even become developers. There are higher risk areas, such as commodities or Forex trading and a small percentage of people make a fortune in those areas.

There are others who step back and look at a bigger picture. I have mentioned several areas to invest in: cash (savings accounts), mutual funds, stocks, bonds, commodities, real estate etc. All these investment areas go up and down in cycles – from being overvalued to undervalued, relative to each other. A cycle investor continually monitors these cycles and switches from the overvalued areas to the undervalued areas – thus avoiding the inevitable crashes that happen in any given area. Imagine what your net worth would be if you missed all the down turns and only surfed the up waves.

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We all find ourselves today in a very strange cycle. We have to take a further step back and look at the cycles involved with countries, empires and world economics. Economies crash: a walk through thousands of years of history shows this to be true. The really big crashes are so widely spaced in history that few actually get to live though one. I believe we are at just such a point in time!

Empires go through stages in their lives. First a country starts with good money usually backed by gold and silver. Second they institute social programs for the good of the people and taxes start to rise. Third their political influence grows and the fund a massive military. Fourth the military is used and expenses explode. Fifth fiat currencies are introduced to fund the wars and social programs. Sixth consumer price inflation starts to run rampant and the citizens lose faith in the currency. And seventh the currency collapses; wealth is transferred to gold, silver and other assets and major changes have to take place. Today there are several major world powers about to hit step seven at the same time. This has never happened before; usually it is just one country involved. This is the big one.

Of course I’m talking about the US currency, the American dollar. For the first time in history a single nation’s currency is having a worldwide effect since it is the currency of international trade. There are also many other nations with huge debts as well, and they are following the US lead and inflating their economies by printing currency. Many other nations see commodity prices going up, up and up due to the connection to the dollar.

Back to your investments – many people in the world are thinking in terms of the smaller picture. They won’t get it until after it has happened. Those that understand the big picture know this is the granddaddy of all cycles and are scared. A massive wealth transfer is taking place at this moment and will continue for a couple of years. Most middle class families are about to see their wealth wiped out. Those who position themselves in the right asset classes will become wealthy. Many investors are buying silver coins, gold coins, gold bars and silver bars. If you have a mortgage make sure you lock it in at a fixed rate because governments usually raise interest rates when they get serious about fighting inflation.

The time for action is now. Learn what’s happening around you. Take action. The rewards are big for those that do. The risks are huge for anyone doing nothing or following the old fashioned advice of the financial institutions. This situation is unique in history and will not repeat in our lifetimes. Action is required.

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Savings Account Is A Good Spot to Put Money For The Children

Most of parents always take into account the future and the things they can do to assist their kids succeed. With daily expenses along with money that is needed in the future, parents have to start considering of something at this time. Individuals who think about saving may want to make children with savings accounts. You will discover lots of benefits that come along with opening one of these makes up about the kids. Have a look right now and determine how to gain benefit and where to get the process started.

It looks enjoy it would cost a lot to improve a savings account into a thing that will be benefical for the children. Should you save a small amount of money in your everyday expenses each month, you won’t even miss the money. Starting early is paramount to developing a good sized account.

Obviously, this really is likely to be an incredible method to teach the kids the habit of smoking how they should be saving and keeping money. Setting this situation upfront will easily make the child develop their habit for a lifetime. People who do not save quite often find themselves the prblem once the unpredicted occurs. A work loss or unexpected car trouble can in fact throw them for a loop. Walking through this process alongside together with your children will help them see results for yourself.

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Parents often have the need to make sure that the children have do grow up and go to school. However,the rates of tuition are on the rise and seem to be growing every year. If the savings account is up and running once the child is small, by the time they reach the college age, they will have everything they need and more other. This is really excellent for the kids who must to go to college out of the state, which will be highly expensive.

To ensure that the correct quantity of money is put into a merchant account, be certain to create automatic deposits. Whenever you deposited a tiny bit of money in to the account monthly, and also over time that it will add up to and including considerable sum. There can be also children savings accounts that will get some interest. Normally,if your certain amount is being put in, the financial institution will prove to add more onto that to make certain that the household is keeping as much as they could have.

Once the teenager grows to a definite age that is determined by the parents or go with the banking establishment, the mother and father can pass that responsibility down. If the child has studied well, they should be capable of continuining in order to save their cash without having to spend it all. The parents must decide when is the right time to start control. It might be different for each child based on their maturity.

One necessary advice is the fact that when you wish to open a children’s savings account is to discover right bank or credit union. Most financial institutions now have an online presence and access easily to achieve your goals.Additionally, you should check out almost everything in the convenience of your home computer. Interest rates and bank charges alter, so ensure that you compare savings accounts.

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Can i open a BPI direct savings account without TAX ID NUMBER?

Question by Dhebra Talibong: Can i open a BPI direct savings account without TAX ID NUMBER?
I live in the US right now and im trying to open a BPI Direct savings account through online but the problem is it asks me about the TAX ID NUMBER in the personal information which i dont have one and so it wont let me proceed..is there a way for me to continue applying online for a BPI direct savings account?

Best answer:

Answer by Bill
I don’t think you can open any bank account in the US without a social security or tax ID number. You can apply for a number from the IRS.

Add your own answer in the comments!

It Is Essential To Save Money With Savings Accounts

by jajacks62

Savings are one of the essensial elements to ensure the steady life for most of us.For the purpose of encouraging the habit of saving cash , a savings banking account appeared not just ensures safe maintaining of your funds, it may also help you retain your expenses in balance and in check. Utilization of savings account to save cash has become an urgent requirement  for our stable econom.

According to a present investigation, most of the money issues arise out of people’s unconcerned outlook towards their very own financial reality. In day-to-day life we follow with a plenty of ambition and then try to use money by coming up with thousands of innovative ways. We are able to hold savings accounts and put aside a portion of their liquid moneyso that people might be used to make acquisition later on.

Using the technology development, the web media is broken by helping cover their clear and advantageous information and expert guidance for investors, people seeking ways to save money.Once the money were held in the savings accounts, you can get more money than before. The majority of the banks have different deposits that senders have many choices. These saving accounts have got higher interest rates than before to need for people’s standard living .Even, Online banks present higher interest rates because of the fact that they don’t have to pay for hiring buildings and staff.

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There are lots of online banking centers, which provide you with latest information on worthwhile techniques. By implementing a few useful saving techniques, it can save you a large number of money from flying away from your pockets. You need to learn how to manage your money so that you can save it from being wasted in preventable costs each month.

However, you have to arrange plenty of time for it. You ought to have self-control to curtail your unnecessary expenses . To improve your savings you are able to send your monthly earnings into two different accounts at two different banks.This should help you to keep track of your savings easilyand be aware of different interest rate on the market.

You can also keep  your personal spending through internet banking and stay affordable. For instance,through ATM card you are able to withdraw money in the ATM centers of the specific bank which remains open twenty four hours every day.That’s simple and useful way for busy people today . Lots of banks also supply Internet banking service for that easiness of the clients. Savings Bank Account can be opened within the name of the individual or perhaps in joint names by filling an easy form.

Youth generation are now increasingly warm up towards the concept of saving their money inside a checking account. The tendency has set in and it’ll be only a few time when children may also be taught about saving money.

Therefore, without wasting any further time, try to save part of your hard earned money in a bank account every time you get your salary.With the increasing some money-saving techniques and become clear on a peace of a lifetime.

Bank Fees: Federal Banking Regulators Could Better Ensure That Consumers Have Required Disclosure Documents Prior to Opening Checking or Savings Accounts Reviews

Bank Fees: Federal Banking Regulators Could Better Ensure That Consumers Have Required Disclosure Documents Prior to Opening Checking or Savings Accounts

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How to Calculate Your Light Savings from Replacing Incandescent Bulbs

The news about money and light savings by replacing incandescent bulbs is old news (unless you have been living under a rock). But the topic of light savings is not overdone yet. Suppose every household in the US would switch to high efficiency light bulbs (such as compact fluorescents). This would reduce the nation’s energy consumption by 10% in the residential sector. The residential sector, by the way, accounts for about 20% of all the energy use in the US. That’s a lot of oil.

…Still not sure about switching to high efficiency light bulbs? Don’t buy the hype about light savings? Don’t believe the positive impacts on the pocketbook or the environment? Want to calculate and test the light savings for yourself? OK, let’s tackle the cost savings and simple payback below. (Simple payback refers to the amount of time it takes for you to make back the cost of the new bulbs from the savings).

To calculate the bottom line, here is the information needed:

The wattage rating (watts) of the existing bulb
The wattage rating (watts) of the new bulb
The number of hours we use the bulb every day
The rate we pay for electricity in kilowatt-hours or kWH.  You can find your electric rate by looking at the electricity portion of your utility bill.
One kilowatt is 1,000 watts, so we must remember to divide our answer by 1,000 to convert it to kilowatt-hours
The cost of the original  bulb
The cost of the new bulb

As an example, let’s swap out a highly used light bulb in a fixture in a living room that is on continuously for 5 hours per day. The fixture has one 100 Watt incandescent bulb which costs 0. It is to be replaced with one 25 Watt compact fluorescent or CFL (provides the equivalent brightness of the incandescent), costing .50.  Let’s assume .15 per Kilowatt Hour (kWh) for electricity rate, the national average in the US.

To calculate the cost savings, first calculate the energy usage of the existing bulb, then that of the replacement bulb. Hopefully, the replacement bulb energy use will be less than the existing bulb’s. The difference between the existing and the new is the savings. Here is the formula to calculate the cost of energy used per year:

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Yearly Cost of Energy ($ ) = number of bulbs X watts per bulb/1,000 watts X hours of use per day X 365 days X electric rate

So, for our example:

Cost of Energy for existing bulb ($ ) = 1bulb X 100 watts X 5 hours per day X 365 days X .15 per kWh/1,000 watts  = $ 27.38 per year

Cost of Energy for replacement bulb ($ ) = 1bulb X 25 watts X 5 hours per day X 365 days X .15 per kWh/1000 watts = $ 6.84 per year

Savings per year ($ ) = $ 27.38 – $ 6.84 = .54

This is how to calculate the simple payback in years:

Simple Payback (Yrs): ( Cost of new bulb ($ ) – Cost of old bulb ($ ) ) / yearly savings ($ )

For our example, the simple payback is:

Simple Payback (Yrs) = (.50 – .5) /.54 = 0.1 years or 1.2 months

That is not a bad return on investment for light savings. An average house has about 15-20 light bulbs. If all of them were the same as the example above, that would result in a savings of about 1. You can use the same method to calculate the savings for each room in your house, and add up all the room savings to get a total of your yearly savings. For more information about light savings options, tips, and considerations visit www.homeenergyfaire.com.  If  you have an Android smartphone, download the free light savings calculator, LiteFaire from Google’s Market. LiteFaire allows you to input information on existing and new bulbs and does all the calculations for you, displaying both the room and the whole house savings.

You can check your savings by monitoring your utility bills from month to month, provided that your rates stay the same and you do not change the hours of operation on the bulb. Even with proven savings, there still seem to be objections to  replacing incandescent bulbs with compact fluorescent lights (or CFLs), or light emitting diodes (or LEDs), otherwise, this would be a “done deal”.

LEDs provide even greater savings (light savings of 90%), and longer lifespans (25,000-50,000 hours) and will be the dominant technology of the intermediate future. They are also more environmentally friendly to produce, and are less susceptible to breakage or moisture. But at this point, their major drawbacks are their high price and lower light output (or lumens) as compared to incandescent. The technology is advancing very rapidly though, and once prices drop to reasonable levels, these issues will be a passing memory.

CFLs, on the other hand, are much more accessible and affordable, and have come a long way in closely matching the light output and utility of incandescent bulbs.  A repeated complaint about them is that CFLs need to warm up to reach full brightness, but that is typically on the order of seconds to a minute for specialized bulbs. They are also affected by moisture and humidity.

While the cost of CFLs is still higher than a .50 incandescent bulb, the prices have come down to affordable levels for replacements, typically on the order of .50-.50 per bulb, depending on the type. The average lifespan of CFLs is 8,000 hours (or roughly five years at four hours per day of usage), whereas incandescent bulbs are rated for 800-1,200 hours.  One thing is worth noting for light savings calculations. The lifespan of CFLs decreases if they are of switched on and off frequently. If you plan on installing them in areas where they will be switched often, then lower their lifespan by 20% or 6,400 hours.

What about the mercury in CFLs, you ask? The amount of mercury in a CFL is 5mg or about 1/100th of the amount of mercury in one tooth filling (500mg in tooth filling). Even more to the point, the mercury used by a power plant to manufacture an incandescent bulb is 10mg, whereas for a compact fluorescent it is roughly 2.5mg. None-the-less, broken bulbs must be handled with care and burnt bulbs should be disposed of at home centers such as Home Depot and Ikea.

No matter how we look at it, light savings from replacing incandescents is one of the easiest and cheapest methods of incorporating energy efficiency and deriving home energy savings. Many countries have started to systematically phase out the production of incandescent bulbs.The economics is there, and the environmental benefits will only improve as technology advances.

An illustration of how to use the Vertex42 Savings Interest Calculator www.kanjoh.com. disclaimer – none of these videos is meant to be personalized financial advice.

What Every Consumer Should Know About a High Yield Online Savings Account

by Joost J. Bakker IJmuiden

People are looking online for ways to make their money work even harder for them.  Fortunately, local, national and online banks are providing consumers with more reasons than ever to save.  A high yield online savings account is just one of the many ways that you can reach your financial goals even sooner.  Here’s what you should know before you sign up.

The Benefits of Compound Interest

One of the best advantages of saving in a high yield online savings account is that you get the benefit of compound interest.  This interest is added to your deposit amount every day, and posted to your account each month.  Compound interest helps you make money on your money.  The more you save, the faster the extra cash adds up.   A high yield online savings account is great for first-time earners, as well as anyone looking to save up for a special purchase, such as a down payment on a car, a new TV or a vacation.   Although a high interest savings account doesn’t pay as high of a rate as a CD, you get the added benefit of being able to make withdrawals and transfers without tying up your funds for a set period of time.  It’s this kind of trade-off between easy access and convenience that makes a high interest savings account an attractive choice for many people.

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Flexible Deposit and Withdraw Arrangements

Ideally, the best high yield online savings account will give you convenient ways to grow your money – and the option to withdraw via an ATM card when you need fast access to cash.  As for deposits, you’ll want to look for a savings account that lets you enroll in direct deposit, mail in your deposit or transfer funds electronically. This added flexibility gives you an even greater incentive to earn while you save.

No Monthly Fees and Overdraft Protection

Finally, a high yield online savings account shouldn’t penalize you with monthly fees and maintenance charges.  Look for a bank that gives you multiple deposit arrangements with no monthly fees.  As long as you have a 0 balance in your high yield online savings account, you shouldn’t have to pay any management or maintenance fees on your account.  You can also link your savings account to other accounts to protect against overdraft charges.  All of these benefits are designed to help you earn money at competitive market rates without eating up your hard-earned savings in extra fees and charges.

retirement savings calculator – Vertex42

An illustration of how to use the Vertex42 retirement savings calculator www.kanjoh.com. disclaimer – none of these videos is meant to be personalized financial advice.

a college savings calculator illustration for Vertex42 – www.kanjoh.com
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