The Psychology of Money – How Saving and Spending Habits are Programmed in Your Brain

psychology of moneyHave you ever wondered why you handle money the way you do? Perhaps you’re a saver and you feel satisfaction every time you look at your growing account balances and displeasure when you need to buy something. Or maybe you’re a compulsive shopaholic, looking at life as something to enjoy, so you buy on impulse and pay little attention to how you’ll survive in the future.

While many people believe that money-handling habits come from parents or caregivers, current research is proving that our habits aren’t just based on conditioning and money management lessons we learned as kids. There are spenders and savers in the same families, kids who grew up in poverty and still develop great wealth, and heirs who blow the family fortune.

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10 eBay Selling Tips to Maximize Your Profits

ebay logo landscapingWhen my husband and I first started dating, the mess at his place really annoyed me. He wasn’t sloppy or dirty – he just stacked and stored old Nintendo systems and video games everywhere. The scene seemed a little ridiculous, but he had quite a little business going. He’d buy “broken” Nintendos and games on eBay, fix them, clean them up, and re-post them for a decent profit.

From his Nintendo venture, I learned plenty of good tips for selling items on eBay. I also learned quite a bit about what not to do from the people he was buying from. Using these tricks, I have been able to maximize my own profits on eBay.

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5 Unreimbursed Work-Related Employee Expenses and What to Do About Them

office partyWhen you freelance or own a business, the responsibility for managing and reducing expenses is yours alone. Therefore, you often have a plan for even the most unlikely ones.

If you are employed by someone else, however, you might assume that they have any unexpected expenses covered. Unfortunately, this isn’t always the case. There will be times when you have to use your own money to pay surprise, job-related costs.

As with everything, a little preparation goes a long way. Take a look at this list of five unexpected expenses and avoid being caught unaware.

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How Much Does a Dog Really Cost? Where to Save and Where to Splurge

labrador dog treeMany people don’t think about the cost of a dog when picking Fido up from the shelter. I for one considered the financial commitment only briefly before I got suckered in by those big puppy eyes.

I knew dog food and vet bills were going to add to my expenses, but I really didn’t have a figure in mind. Not until I got home did I realize that all of the small expenses that come with the benefits of owning a dog – like treats, toys, collars, leashes, and training – add up quickly. However, after a bit of practice, I learned where to spend my money and where to save.

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What Is a Ponzi Scheme – Bernie Madoff Ponzi Scheme & Scandal Explained

bernie madoffOn March 12, 2009, Bernie Madoff pled guilty to the largest Ponzi scheme in history. He successfully swindled investors out of $65 billion. Although many Wall Street experts revered Madoff as a genius, many financial professionals were not surprised to learn that he was one of the biggest crooks they had ever come across. Some people were afraid they’d be ostracized if they spoke out against Madoff, and they simply kept quiet about their concerns about his investment portfolio and earnings.

Unfortunately, Ponzi schemes are fairly common, but this one was one of a kind. Most Ponzi schemes operate on a very small scale, but Madoff was clearly a big thinker who caused major damage.

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Military Retirement Pay & Pension Benefits Explained

us veteran retirementServing in the United States Armed Forces is a career choice that requires years of sacrifice, challenging and dangerous assignments, and fairly meager pay.

However, one of the benefits offered to the men and women who choose a life of service and sacrifice is a pension plan.

This pension is payable immediately upon retirement for qualified active duty service beyond 20 years.

What Is a Military Pension?

Military members are eligible for a pension (lifetime monthly paychecks), following 20 years of qualified active duty service. The amount of your lifetime payments are determined by the retirement program that you are eligible for. There are three programs:

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Quicken Loans Review – Best Mortgage Refinance Rates for Home Loans

Recently, I’ve been looking into options for refinancing my home mortgage in order to save some money. As part of my research, I decided to take an in-depth look at Quicken Loans, a site you’ve probably heard of before since it represents one of the major players in the world of online financing institutions. And I’ve found that they’re very popular for a reason.

Quicken Loans offers some of the most competitive rates around and they have loan products for just about anyone; from those looking to change their current mortgage to first-time home buyers. I consider myself to be a pretty savvy shopper, and Quicken Loans is at the top of my list for potential lending institutions for my re-fi.

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Top 5 Student Financial Aid Scams & Fraud to Watch Out for

college student aid scamsIt’s one of the most exciting times in a young adult’s life – the chance to go off to college on their own. Students put a lot of thought into choosing the right school, then begin to look for ways to pay for and afford college. After all, the latest statistics show that it costs on average of $173, 282  for a four-year degree at a private university.

Unfortunately, this exciting time can turn into a nightmare for students, and their parents, if they’re caught up in one of the many college scholarship or student financial aid scams that are happening now. In fact, according to FinAid, consumers lose about $100 million each year to financial aid fraudsters.

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Learn the Basics of How to Trade Stock Options – Call & Put Options Explained

call optionsThe highs and lows of stock market investing can be nerve wracking, even for the most experienced investors. Taking risks with your money is always a source of anxiety. Fortunately, there are some investment risk management strategies you can utilize when pursuing larger investments in the stock market.

One way you can gain access to the market without the risk of actually buying stocks or selling stocks is through options. Because options trade at a significantly lower price than the underlying share price, option investing is a cheaper way to control a larger position in a stock without truly taking ownership of its shares. The strategic use of options can allow you to mitigate risk while maintaining the potential for big profits, at only a fraction of the cost of buying shares of a stock.

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4 Bank Errors & Mistakes Waiting To Happen

angry money manLike most people, I rely on the wonders of banking technology to receive my pay checks and pay my bills. Banks offer the near magical feature of having money just appear in your bank account (i.e. direct deposit) or having bills paid on a schedule while you worry about other things.

Modern technology is often so seamless and convenient that it’s easy to forget that both computers, and the people using them, are not perfect. It would be nice to think that our banking system is failsafe. However, that would be ignorant, and, in the case of finances, ignorance is far from bliss.

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