It is true that savings needs to be done through calculations and today there are several calculators available online. But how can one imagine that savings on oil can be accomplished through the use of software programming. Yes, it is true and the tech world is coming up with advanced technologies to make the saving on oil easier and systematic. Most people today are techies and they have the connection with web invariably. Even the baby boomer generations who were once shaky to get a hand on experience of the web and computers, are now on the same page of techies. So using software will help the mass to control their expense on fuel. Gas Buddy application has been in the business in 11 years about very few people seem to have paid attention to it. It can help you find the nearest gas station  [...]

I see a lot of hue and cry as the oil price surges. The rise in the price of oil is making every single individual take the toll in terms if high payments made in the market. Every single commodity is linked with the oil price and thus the oil price is hitting them all from the bottom to move up make out wallets empty. Even moving around has become costly as the transportation cost has increased by many folds for the oil price has hit highest. In the midst of so much economic preseure we need to look though the list of widgets or services that will become costly in near future. Just have a look at the following costs that will spike soon making us spend more. Traveling via air will surely become a great costly issue as oil price tick higher by every passing month. As the oil prices make  [...]

Is it the responsibility of the existing businesses to give room to the start-up firms to grow? May be or may be not. Controversies and disputes make their way whenever there is any program for financing start-up. The reactions come out spontaneously pointing to the practicality of the projects of start-up firms. In case state is taking any effort, then it confronts the barb remarks of misallocation of resources and that the effort is simply retarding the existing businesses. The question here lies on the practical application of the projects put forward by the start-up firms. Where is the guarantee that it will mature to give the desired outcome? This cannot be a matter of worry today when reaching out to people is not a bar since websites and social media sites have opened up the door  [...]

Remember that TV show ‘Pimp my ride’? It featured singing sensation ‘Xzibit’ (ok, maybe not singing sensation, but still) taking run down cars and then doing it up so that they were all ‘bling bling’. Or something like that, my rap-speak lexicon is a bit thin. Anyhow, he recently filed for bankruptcy saying that his being kicked off the show cost him big money. A quick look at his finances reveals otherwise; on a salary of $67,000 a year after being kicked off the show, the guy using personal car leasing services to pay $2,200 a month for a Range Rover. What? The guy is out of his mind…he wants to act like he’s “balling” on that salary. But it did set me wondering; is personal car leasing a good idea? Yes, it is cheaper than a bank loan or a contract that you draw up,  [...]

I’m pretty sure that by now you must have heard of the $63 million Warhol, the $69 million Modigliani and the $43 million Roy Lichtenstein paintings that have been sold to various buyers over the course of the last two weeks. In any case, if you knew nothing about it, you do know about this latest story of the art market now. But most of you will not have known anything about a Chinese vase that sold for a mind-numbing £53 million in an old English town. That's $75 million for a glorified, ornamental flower holder. Some people just have more money than sense, and it doesn't take a genius to figure out that the art market is back big time. Of course, the sales that happened at the two-week pace-setting New York sales will not match the numbers that were being thrown about at the height  [...]

Nobody likes meltdown's, especially not a kid with an ice cream cone on a warm summers day. But nobody likes it especially when it has a lot to do with the world's monetary system melting down into nothingness. This is the endgame right here for the dollar, it seems to be that the US dollar will not be the reserve currency of choice for the world much longer, but the most surprising bit is that a large slice of investors and policy makers are largely unaware of what the dollar losing its reserve status means for the world and for them. As a round of quantitative easing looms large and as questions abound as to how the long dollar will last as a reserve currency. That, coupled with the fact that the US is aggressively pursuing options of easing the burden on its creaking economic machinery,  [...]

Is there any difference between being rich and being wealthy? Not many people think there is any difference, as both these terms deal with more money. However, if you dig it a little deeper, you will find the difference. All right, let me dig it for you. What is Richness? Being rich is a phenomenon that can happen even within a night. If you, for instance, win a lottery ticket, or became popular, or got a high paid job, you will be rich. Rich people have money. However, most of this money comes from only one source. And if you take that source away, they wouldn’t be rich any longer. What is Wealthiness? Wealthiness is also being rich, but not overnight or through only one source of income. They build their fortune through ownership of assets. They don’t relay on their job, or one asset,  [...]

People often detest working the mundane job every day from 9 to 5, giving up all their dreams and likings. However, what’s the case when you do something that you love and live for? Are you then free from job insanity? I don’t think so. Many people simply blurt ‘Do what you love’, followed by a common reason, ‘then you will not even for a day in your life’. Sounds good, but not real at all. Here are some reasons for my disagreement on this topic. Your Passion is Often Precarious Having goals in life is great. But if you passion is to help others, become an art professor, or a journalist, you will need to inherit your father’s estate. These jobs are satisfying, but not financially stable. The income you earn is very low, and surviving with it would be a tough challenge.  [...]

I have realized what the problem with most people is. They visit a doctor and ask for treatment without knowing what they are suffering through. Okay, not literally. But that’s what they do when it comes to finances. They always live on the edge, and here are some reasons why. You Owe More Debt You are not able to become financially healthy simply because you owe too much debt. After paying monthly minimum payments towards various loans and interest, you are not left with enough to meet your daily expenses. You Owe Mortgage While the market still struggles to recover, more than 20% of borrowers are underwater. This means they owe more than the actual worth of their house. If you pay more than 30% of your income towards your mortgage, you are very close to the edge. You Spend Too Much  [...]