Jan 19
A study conducted last year by German researchers suggests that the human brain might be wired in such a way that we naturally evaluate the value of our money in a non-rational (and potentially wealth-depleting) way.
The findings could have important applications for people looking to improve their financial management habits (including using credit, taking out loans, saving and budgeting).
Real Value Vs. Nominal Value
To understand the implications of the study, it’s important to understand these terms:
- Real value: This is what a given amount of money is worth in terms of what goods it can buy. In other words, five dollars is equivalent to, say, one 12-inch sub sandwich, two dozen eggs or several liters of soda (depending on where you shop). Real value is so called because it allows us to see money as a tool for purchasing what we need and want.
- Nominal value: This is the numerical value of money. I
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Tags: Money
Jan 18
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Important Tips on How to File Bankruptcy
by: BMA Editorial Team A
Bankruptcy can be really dangerous and embarrassing. Read full post…
Tags: Bankruptcy
Jan 15
It’s no wonder that I’ve been especially busy helping Long Island homeowners save their homes from foreclosure.
Some recent statistics show that the number of Long Island homes that fell into some stage of foreclosure climbed 37 percent last year, with Suffolk homeowners seeing more such activity than all but one county in the state, according to a newly released breakdown of the foreclosure crisis that was reported in Newsday yesterday.
Suffolk County Foreclosure Figures are Second Highest in New York State
Foreclosure on Long Island has been especially prevalent. The data shows that 7,582 Suffolk County homes were in some stage of foreclosure last year. This represents a 29 percent jump from the preceding year when 5,885 homes were in foreclosure proceedings.
Those homes equate to 1.39 percent of Suffolk households, including renters, which is second only to upstate Orange County’s 1.4 percent.
Nassau County Foreclosures are Very High Also
In Nassau, the number of homes directly affected by foreclosure last year shot up 48 percent to 6,064 properties, or 1.32 percent of households, up from 2008’s 4,099 homes. That 1.32 percent put Nassau County fifth in the state for foreclosure activity. Only Queens had more ho
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Tags: Island, Long Island
Jan 15
High unemployment rates and sluggish recovery in the job market mean that many Americans are still budgeting carefully and watching every penny that leaves their wallets. It’s times like these when studies like the one conducted by researchers at San Francisco State University can help us make important spending decisions.
Memories Last Longer than Stuff
The new budget study examined recent purchases made by adults enrolled at SFSU. Here’s what the researchers discovered:
- Happiness from
things
fades. On average, researchers found, the thrill brought about by new objects faded in six weeks to three months. This means that, no matter how much you love that new computer, dress or TV, you will get used to it in a few months and the pleasure it brings you will dwindle.
- Happiness from memories lasts. On the other side of the coin, the pleasure induced by spending money on experiences (like sporting events, plays, hikes, etc.) endures, thanks to our ability to remember and relive these experiences.
So how can you use this information to make the most out of the money you have for leisure? F
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Jan 14
Currently, people are facing a very difficult time by struggling with their debts. All those individual who are facing the problem of bankruptcy have to get alert now. As it can destroy your credit and can possibly force you to sell all your resources. Moreover, it can also affect your future employment. So, if you want to protect your credit status, simply avoid bankruptcy. In order to avoid this situation you need to gather all bills, statements and other document that can affect your financial condition.
Secondly, sum up your both debts and all your properties that include your advance as a debt and the value of your home as an security. Now, you can break down then into good and bad categories. Good ones include home and students loans and the bad ones consist of credit card debts, personal loans, higher rate car loans and medical bills. By doing all these things you can easily neglect the situation of bankruptcy. Simply log online where full and correct details have been given in brief as how you can avoid bankruptcy.
Tags: Bankruptcy, Bankruptcy Lose