Popular Forex Currencies

Forex currencies are the most popular financial asset traded in the binary options market. Traders love them because of their volatility and liquidity. They are also available for trading around the clock. Different currency pairs have different characteristics that traders ought to understand before trading them. In order to trade binary options currency pairs, a trader can simply sign up with a reliable and reputable broker, such as Option.FM, and make their trade.
Here are some of the popular forex pairs traded in the binary options market as well as their unique characteristics:
EURUSD
Among the major currency pairs, the EURUSD is the most popularly traded. It is also the most liquid and the most volatile. This is because the pair is made up of two of the most widely used currencies in the world; the euro and the US dollar. The euro is the official currency of the Eurozone whereas the US dollar is the official currency of the United States of America. These two currencies are the most actively used in the world economy.
Factors that Influence the EURUSD
The price of the EURUSD is usually affected by economic data as well as the policies of both the Eurozone and the United States. Announcements from both the European Central Bank (ECB) and the U.S. Federal Reserve Bank should be followed keenly by traders as they usually help traders understand the policy standing of both parties.
Political stability in the Eurozone also affects the value of this pair, as recent developments in Greece and their debt crisis have shown. The Eurozone is made up of 28 countries and 19 of them use the euro as the official currency. It is therefore important to be updated on what is happening on the major economies of the bloc in order to trade accurately.
The Best Time to Trade the EURUSD
Because of its liquidity, the EURUSD can be traded at any time, as long as the market is open. However, the best time to trade this pair is between 1200hrs-1600hrs, when both the New York and London markets are open. This is when the most activity on this currency pair occurs.
Brokers such as Option.FM provide a wealth of information on this currency pair so take the time to learn more about each currency and how the various market factors impact their movement.
USDJPY
The USDJPY is the second most traded forex pair. The Japanese yen has had a complicated political history and for years, it served as the bridge between Asia and the rest of the world. However, with the emergence China and other countries such as Singapore, its significance has continued to wane. Nonetheless, Japan continues to be a major player in the global markets with its status as one of the largest exporters of manufactured and industrial goods.
What Drives the USDJPY?
The USDJPY is mostly driven by the economic policy announcements of the US and Japan. The Bank of Japan (BOJ) especially plays an active role in controlling the value of the yen. To support its exports, the BOJ continues to lobby strongly to lower the value of the yen and to boost the value of the dollar. Traders should therefore keenly monitor BOJ announcements because they tend to spur significant volatility in this pair. Traders should also pay attention to manufacturing or industrial data which also impact price movement of the currency pair.
The Best Time to Trade the USDJPY
The USDJPY enjoys volatility around the clock. It can be traded during the whole of the New York trading session (1300hrs-2300hrs GMT). However, economic data relating to the yen is usually released when the Tokyo market is open (0000hrs-0900hrs GMT) so make sure to watch out for this information also.In addition, Option.FM provides their traders daily market news and this is an excellent way to keep updated with the latest financial news.
GBPUSD
The GBPUSD is the third most traded currency pair and it is particularly loved because of its volatility. Due to demographic reasons, the GBPUSD shares a positive correlation with the EURUSD. The Bank of England (BoE)has a lesser influence than the US Federal Bank but it still has a major impact on the value of the GBPUSD.
What Drives the GBPUSD?
The UK economy is mainly influenced by consumer spending. Traders, therefore, need to keenly follow economic reports such as employment reports, retail sales as well as housing sales data. This information can be found on an Economic Calendar.
The Best Time to Trade GBPUSD
Like the EURUSD, the ideal time to trade the GBPUSD is between 1200hrs-1600hrs when both the New York and London markets are open.
AUDUSD
The AUDUSD is the fourth most traded forex pair in the market. Australia is one of world’s largest exporters of gold and the major trading partners of China. The Reserve Bank of Australia (RBA) has always enforced regulation periodically to ensure that the value of the Australian dollar is weakened so that the country’s exports can perform well globally.
Factors that Influence the AUDUSD
The main factor that affects this currency pair is the Chinese economy. China is a major trading partner of Australia. The growth of the Australian economy can greatly be attributed to the high demand of mining as well as agricultural products from China. Economic data from China, such as GDP figures and manufacturing projections, usually have a significant impact on the value of the AUDUSD.
The RBA and US Federal Bank are also major players in the value of this pair. These two Central Banks usually have divergent policies. Generally, the Federal Bank favors a stronger US dollar whereas the RBA favors a weaker Australian dollar. Traders need to watch statements from these two institutions for clues on the direction of the AUDUSD.
The Best time to Trade the AUDUSD
The AUDUSD has smooth price action and decent volatility throughout. The pair can be traded in both the New York and Tokyo market. The New York market is open between 1300hrs-2300hrs GMT whereas the Tokyo market is open between 0000hrs-0900hrs GMT.
Final Word
Currency pairs are widely traded because they guarantee volatility and liquidity at all times. Understanding the unique characteristics of individual currencies can help traders trade the popular forex pairs effectively and profitably.

The Importance of Gaining Career Certification Despite the Cost

Professional certification is found in almost all industries today starting from finance, information technology to engineering. However, the cost of acquiring a decent education is high. It is an investment that costs not only money but your time and energy as well. If you see a paper of certification with a name on it, it is not just an adornment, but it has taken some time, energy and effort to acquire that piece of paper.
For instance, a career path as a business analyst requires people who are good problem solvers but it can also help to gain certification. If you have excellent observation and data analysis skills, then this is the ideal career for you. You can simply get this job through the experience that you have gained through managing projects or if you have multiple certifications from different disciplines. In short, this is one of those careers that are best suited for those people who can perform.
So what is The Importance of Gaining Career Certification Despite the Cost?
• Helps beef up your resume
Regardless of how good you are in your area of work, if you do not have some certification to back you up, then your job is not secure. Today’s competitive job market requires more than just good relations and performance to maintain your position. These credentials will be useful when you are searching for your next employer. Without certification, there is a slim chance that you will advance to a better career or higher position in employment.
• Qualify for companies with high standards
Blue chip companies pay a decent salary for those who are certified in their fields of specialization. For you to be eligible to any position, you must be certified. Checking certification is a procedure during recruitment. So those who do not have the relevant certification do not qualify for the next round of the recruitment process.
• Improved chances of earning more
Professionals who are certified are an assurance to the employer that they are skilled, reliable and relatively easier to train. Therefore, if a gap arises in the organization, then they are promoted as they closely fit into the required position with little cost of training. Consequently, a promotion translates to a high salary for you.
• Meet the market needs
Without certification, a large number of people would have abstract skills. Certification in a field of study means that you have studied in a particular niche and you can utilize this knowledge to fill the gaps in the job market. Keeping up to date with the latest technology and getting acquainted with the required skills sets you apart from the rest and you are assured of a job.
• Broad scope of practice
Did you know that you retain the benefits of certification for the rest of your life? From here, you can expand to other related fields since you possess proof that you can learn and adapt to new environments. Certification shows your interests to your employer and your eagerness to learn in today’s fast-changing work environment. This is an attribute that most employers look out for in a successful employee.
Ultimately, if you compare the cost of acquiring certification versus the benefits that come with it, you will discover that it worth that price tag. It not only shows your competency, but also helps you retain and advance in your career endeavors. If you’d like to learn about gaining certification to become a business analyst, go here: businessanalystcareerhq.com.

5 Bad Credit Personal Loan Options

As someone with bad credit you may feel your options are limited when it comes to applying for personal loans in Woodland. While some lenders, such as banks have stricter requirements than ever, there are a number of types of loans available for bad credit borrowers. Knowing the options and how to apply for a bad credit loan in Woodland will open up many options.

 Car Title Loans

Car title loans in Woodland offer credit for bad credit. The loans are secured with your car as collateral and the lender will become the new lienholder when you take these loans. The loan amount is based on the market value of your car. They have flexible requirements, including the fact that there is no credit check and so bad credit borrowers may be eligible with the same terms and conditions as those with good credit. The loans are also convenient in that they can be applied for online and can be available in as little as one hour.

 Payday Loans

Payday loans are unsecured personal loans in Woodland. The loan amount is based on the size of your paycheck and these are short-term loans with high interest rates. The loans require no credit check making them suitable for people with bad credit. They can be applied for online and can be available on the same day.

 Peer-to-Peer Loans

Peer-to-peer lending is an online platform that allows people to borrow directly from an individual. Investors earn high interest while borrowers pay low interest rates. It works by borrowers posting loan requests which are then viewed by lenders and chosen according to their criteria. While peer-to-peer lending does pot your credit score, the loans are up to the discretion of the individual lenders and they may be more sympathetic to your situation.

 Credit Union Loans

Credit unions work in a similar way to banks, but are owned by members. They are non-profit organizations that pass on their earnings to the members. You can call up your local credit union to discuss the possibility of personal loans in Woodland.

 Home Equity Loans

If you have equity in your property you may be able to get a low rate, tax deductible line of credit that does not take your credit score into account. These act as personal loans that can be used for any purpose. If you have a secure source of income so that you will manage the monthly repayments without hassle and will not put your property in jeopardy by not being able to repay the loan, these can become a good option for a bad credit loan in Woodland.

 Choosing the Right Loan

Before you decide on a loan make sure to shop around for the best option for you. Look into the terms and conditions of the loan, including the interest rate, fees and repayment terms. Check the requirements of the loan and the convenience in applying. Once you find the right loan to suit your financial situation, you can begin the application process.

Planning Ahead can Help Pay for Funeral Costs

Death is one of the two things that most people say are guaranteed in life, but it is also the most feared. No one wants to die, but unfortunately every single person on this earth will, and that means the sensible thing to do is prepare for it so that family members grieving a loss do not have to deal with it. Whether or not you take care of your funeral arrangements they will still have to occur once you pass, and leaving your family to do it will be another blow. If you love your family you may want to think about taking care of things now.

Of course, there are a lot more funeral costs associated with a funeral then you likely think. Most people have been to dozens of funerals, but they never actually contemplate how many arrangements and items need to be purchased and paid for. The list can get quite extensive very quickly which is why it is a good idea to set aside some time to make your arrangements in full. Leaving the long list to your family to take care of in just a few days following your passing can be a cruel last action, but it is a problem you can prevent.

To begin with you will need to choose a funeral home to handle your body and the arrangements. They will take care of pulling everything together that you have requested and cremation or burial depending on which you choose. Once you choose a funeral home you can start to coordinate everything else that will need to happen. In addition, the undertaker can walk you through the process to make sure that you do not leave anything out. They also know certain tricks to help make sure that you minimize the costs if possible.

For instance, you might not realize that insurance could help with buying a memorial headstone. A memorial headstone in most cases is not cheap, but you will want some type of marker for your grave regardless of cost. If you plan carefully and take out an insurance policy then when you die the money can be used towards your funeral arrangements. This will allow you to plan ahead for your memorial plot so that you don’t have to worry about your family absorbing the costs or a large part of your estate being used for the funeral.

Insurance can come in handy for other aspects of the funeral as well such as the coffin, funeral home costs, the graveyard plot, etc. Usually the insurance policy can be used on anything funeral related until the money is expended so it can be stretched a long way. There are many hidden fees such as the costs of opening and closing a plot that you likely are not expecting, so planning on having some extra cash for funeral arrangements is something that will greatly help your family out. This way they have the time to properly grieve and fondly miss you instead of worrying about financial matters.

Relative Strength Indicator in FX trading

Good indicators for traders are those which show market movements as they develop in real time. The best indicators however, show the “future” in addition to this. A common problem with moving averages or the MACD indicator for example is that they lag behind the market. Their values can only be calculated accurately once the movement is done, the candle has a closing price for the given time frame. This is the reason the Relative Strength Indicator, or RSI in short is such a powerful tool when it comes to currency trading

Leading indicators and the RSI

Indicators which show market tendencies in real time or a bit behind are called “lagging indicators”. Conversely those which try to show the changes on the chart before they happen are called “leading indicators.”

Leading indicators are based on the assumption that if the instrument becomes oversold, the price must go up, at least for a short time, and when it is overbought then it must drop. This comes from the fact that after a sharp move in any direction traders are trying to realise some of their profits, temporarily easing the pressure of the initial move. Indicators like this can further be categorized as Oscillators, in case they are range bound like the RSI, which also happens to be one of the most widely used indicators.

Relative Strength Index – RSI

The RSI, when used on a chart of a currency pair, measures the relative strength of the instrument compared to itself, rather than to another instrument or index. In order to do so, it compares the magnitude of a recent gain to recent losses, from which it is able to determine whether the asset or FX pair is currently overbought or oversold. The RSI oscillator has a range from 0 to 100, above 70 then the instrument is considered overbought, below 30 and it has dropped more than what was anticipated by the market and is now considered oversold.

The creator of the RSI, Wells Wilder, recommended an RSI period of 14, but many traders use the 9 or 25 period for currency trading. The period can usually be set to any number, but it is important to know that the shorter the time frame, the more volatile and erratic the indicator becomes. In this case the RSI shows false signals in a lot of cases, rendering it useless. In case the selected period is too long the indicator becomes flat like a pancake, and won’t show anything of value. Changing up the measured period of the indicator therefore lets the trader adjust how often the RSI may enter into the oversold or overbought territory.

Another important attribute of the RSI is that it can show a divergence between the recent movement of the instrument and the indicator itself. This occurs when the underlying reaches new highs or lows but the RSI cannot penetrate above or below the previous levels. In these cases the RSI will have a divergence (moving in the opposite direction) compared to the chart, which is a very powerful tool to discover possible reversals of the current trend.

All in all, the RSI can be used to help the currency trader with the following:

  1. The RSI can usually predict the highs and lows of an instrument. If the index is above 70 it might be a new high, and below 30 might be a new low. In case of a bull market the high should be above 80, and in a bear market the low should be below 20
  2. It is possible to draw support and resistance levels on the RSI’s graph itself. This might further help in discovering trend reversals or major levels.
  3. A divergence can occur when the RSI moves in the opposite direction compared to the instrument. This is not necessarily bad, since it can signal the reversal of a trend.

An RSI, combined with a consistent trading strategy and good risk management can make all the difference between average returns and excellent returns. If currency trading is a vehicle to deliver the trader to their goals, then it is certainly recommended to study the potential positive effects of adding the RSI to the strategy.

How you can Save Money and the Environment at the Same Time

What could be better than having more money in your bank account each month? Well, how about having this surplus of money, but at the same time feeling the satisfaction in knowing you’re helping to protect the environment? This is actually simpler than you think; there are ways and means you can go about your daily routine in a more thrifty manner, which can also see you cut down on your carbon footprint.

To find out what these ways and means are, what follows is a rundown of these for you to try which can see you live greener and financially better-off.

Reuse and Recycle on a Bigger Scale

General recycling of household waste is great for the environment, but to expand this into something that can help you save is to reuse and recycle other household items instead of buying new. You could turn garden pallets into rustic shelving or upcycle your old furniture into trendy items you could sell on. There’s also the option of shopping at cheaper second hand stores for clothes and new goods.

Drive more Economically

By driving your car more economically you reduce the amount of carbon you’re emitting as you go further on one tank. This in turn helps you to save in the long run as you also reduce general wear and tear and you don’t need to fill up as often. In this post you can find out more about the best ways to drive in a more economical way.

Be Smart with your Gas and Electric

Next comes your utilities. Change your bulbs to energy savers, avoid using devices and leaving them on charge for a long time and turn things off on the wall to save on electricity. Equally, during the colder times of the year, don’t turn the heating up further, instead, put on more layers. By doing this you’ll reduce your consumption and lower your bills.

Grow your Own Veg

A great way to be green and save is to grow your own produce. Not only does this mean you’ve got cheaper vegetables, they don’t have the big carbon footprints attached to them like the stuffs you get in supermarkets.

Have a Quick Shower

Showers are already much better for the environment than baths, but by spending between 5-10 mins in one, you can again reduce your bills.

So there you have it, a few great ways to live both frugally and eco-friendly.

5 Important Things to Consider Before Choosing a Gold IRA Custodian

IRA or Individual Retirement Account is one of the most popular forms of retirement savings and provides several tax benefits. There are several types of IRA plans that a person can invest in      but one of the most popular is Gold IRA. The history of this unique retirement saving plan was envisioned with the 1997 Taxpayer Relief Act, which allowed investors to deposit precious metals such as gold, silver, platinum and palladium in the IRA. This is certainly much more advantageous as in this turbulent global economy as paper money isn’t what one can truly rely upon. As metals are not only more durable than paper money, you can certainly rely on them to have a significant value even if the currency takes a dip.
If you are thinking of making a Gold IRA investment, listed below are some of the most important things that you must consider before making a final decision.

  1. Look for a Licensed and Reputed Custodian

Surely, it would be a foolish thing to hand over your precious assets in inexperienced hands. The first and foremost question you should have for a custodian is whether they are licensed or not. Once you’re convinced of their authenticity you must also enquire the number of years they have been in this business. Check for the company’s track records and testimonials of existing clients to know their expertise in Gold IRA custody. The more established the custodian is,the safer your investments are.

  1. Inquire about the Custodian’s Fee and Gold Prices

Most people are aware of the mandatory deposit fees that various custodians charge. But, it is also certain that the fee structure and amount might differ between different providers. Hence, it is extremely important to know their fee charges instead of hoping for a standard amount that suits all. The custodian fee usually includes the charges for storage, shipping, application and processing fees, which must be paid by you. You must also learn about the price that a particular custodian offers for your assets and compare them to the current market prices to avoid being conned.

  1. Know Where Your Assets Will be Stored

It is common for several Gold IRA companies to use co-mingled vaults to store your assets that are shared by various institutions. While this might save a ton of expenses for the custodians and banks, it might be a particular safety concern for your funds. If a company offers to deposit and store your gold and precious assets in a co-mingled facility, then you should certainly reconsider your choice. Make sure that that custodian company stores your gold in a separate facility where it will not be kept along with the other client’s assets. Apart from this, your custodians must also have a considerable amount of experience in handling and storing precious metals.

  1. Look for the Custodian with a Good Customer Support

Handing over your precious gold to a company that doesn’t take your phone calls properly, should never be trusted. The main work and efficiently of a good Gold IRA custodian begins after the introductory paperwork has been completed. Regular updates about your investments and a 24/7 hotline for any queries are the important ‘must haves’ of a reputed Gold IRA custodian. If they do not respond to your queries properly or have an untrained staff answer your calls, you should certainly take these as red flags and reconsider your options.

  1. Check If they Offer IRA Transfers

If you have an existing IRA account, you can transfer and convert your regular IRA funds into Gold IRA and enjoy its several benefits. Nevertheless, you must inquire beforehand whether the company you have chosen does IRA transfers and rollvers or not. As most custodians use state of the art digital and electronic computing to manage their financial activities, the transfer process shouldn’t take any more than 48 hours. If you experience any delays in this process, it should be taken against the company’s efficiency and indicates poor management.
Following the relaxed taxation laws and the 2008 economic depression, people’s distrust in paper money and other fiat currencies has led to the popularization of Gold IRA. Following the above tips before choosing a worthy custodian will not only provides you with tax benefits and savings but will also ensure that you receive the full benefits without worries.

5 Ways to Deal with a Financial Emergency

A financial emergency can be particularly stressful if you have not planned ahead for such eventualities. You need to be setting aside cash every month for an emergency fund in order to prevent these types of financial emergencies. However, if you didn’t and you need emergency cash, there are a number of options you can consider, ranging from cutting your spending to taking a loan like auto title loans. Vehicle title loans offer loans with flexible requirements, making them suitable for people with a financial emergency.

Here are 5 ways you can deal with a financial crisis.

  1. Find Extra Cash – You may be wondering how this is possible. If you had extra cash, you wouldn’t have a financial emergency, right? That’s not necessarily the case. You may be able to find cash from sources you had not considered. You can take a loan from family or friends if that is an option for you. Alternatively, vehicle title loans offers secured personal loans with low rates. Car title loans are available within the hour making them ideal for times of financial emergency. Another source of extra cash may be finding some odd jobs to do. This may give you enough extra cash to get through the difficult times.
  2. Collect Available Assistance – If you are going through difficult financial times you may be in a situation in which you are eligible for assistance. For example, if you are struggling to pay your bills because you lost your job, you may be able to begin collecting unemployment benefits.
  3. Negotiate with Lenders – You may not believe it, but lenders actually have an interest in helping you make payments on your loans. If you are having difficulty meeting a payment, it is worthwhile to speak to the lender and try to come to some sort of arrangement to reduce the interest rate or adjust the payment schedule to better suit you. A loan such as auto title loans are flexible when it comes to the repayment schedule and loan terms.
  4. Prioritize and Cut Spending – If you have a budget, this will be simpler to do as you can look at your list of expenses and cut off the unnecessary expenses from the bottom of your list. If you have not done this, you should, but in the meantime, work out what you are spending on that is unnecessary and stop spending it. This could be the magazine subscription for the magazine you never read or the gym membership you never use or as small as the chocolate you buy at the check out every time you go to the supermarket.
  5. Forgo a Planned Expense – It may be necessary to go without a planned expense if you are having a financial emergency. This may mean that you can’t upgrade your car right now or you need to cancel some holiday plans. The saved cash may be enough to get you out of your financial emergency without having to take out car title loans.

Share your thoughts!!!

Forex Trading With XFR Financial Ltd

Recently you would have heard the news that currencies have been on a roller-coaster ride and some record breaking highs were achieved. The Forex trading market is a wide market which always comes in the headlines of the news and it attracts a lot of investors due to high potential of making profits on your investments.

So if you are thinking to get on board with XFR Financial LTD and start trade with your favorite currency pair, do find some time to learn some of the important Forex trading basics you should know.

What is Forex trading?

The values of currency go up and down every day. Forex trading takes the benefit of this movement and you can potentially get profit from the movements of such currencies. There are many people who made quite a good number of profits in a single day and if played sensibly, it can give good returns. But beware that currency trading involves significant risk also and if played without plan, it can return losses too. With the invent of newer technologies at XFR Financial Ltd, FX trading has gone to a new heights and an unprecedented growth has been recorded. You no longer have to be a money manager to perform the trade now and more and therefore more individual investors are investing their money in the Forex market.

Scope of Forex market

The Forex market is the largest financial market in the world. The daily trading volume is more than 3 trillion and it is much more than any financial trading in the world. If you put all the futures and equity markets together their combined trading volume will equal to 1/4th of the Forex market. Therefore currency market is one of the biggest financial markets of the world and this size is important because there are so many buyers and sellers in the market which keep the transaction prices quite low. This is also the reason for a higher liquidity of the Forex market. Here are a few major benefits of Forex market-

  • A number of firms do not charge for the commissions and only charge for bid/spreads.
  • It is a 24 hour trading platform and therefore you can dictate when to trade and how to trade.
  • Leveraging is a great feature of this market and you can take the benefits of leveraging which is putting small money as deposit but trading higher volumes. But leveraging magnifies the risk of losses.
  • Rather than picking from more than 5000 stocks you have the option of picking only a few currency pairs.
  • You don’t need a lot of money to get started with Forex trading and that is a great feature.

How trading is done With XFR Financial Ltd?

The technique of trading  with XFR Financial Ltd is more or less same like other financial trading. But here the only difference is that you are buying one currency and selling other currency at the same time. This is the reason why currencies are quoted in pairs like USD/EUR USD/JPY etc.

Saving Money is Easy with the Right Knowledge

Saving money is something that we all try to do, but some are more successful than others. Without a savings plan in place, we can run into urgent situations where we need emergency cash, which isn’t always so easy to find. Of course, there are always reduced interest title loans available for anyone, or bad credit loans, but the best plan is to save money so that when the need arises, you have the instant cash that you need.

Strengthening Your Financial Base

Here are some of the favorite tips that professional finance officers give their clients to teach them to save money.

Hide the Money from Yourself

The simplest way to save money is to hide it from yourself. That could mean an envelope under your mattress with the excess cash from your last paycheck, but it more likely means that you ask your employer for help. Your employer can automatically deduct a certain amount (or percentage) of each paycheck and dump it directly into an interest bearing account for you. Another option is for you to have a standing order with your bank. Ask your banker to automatically take a certain amount of money from your checking account each week and drop it into an interest bearing savings account. Close the savings account for long periods so you can get the highest rate available on interest.

Find the Holes in Your Bucket

Look at your current lifestyle to see other areas where you can cut back and save money. Find the holes in your bucket and then close them to have more extra cash to save. Start in the morning and travel with yourself throughout the day and make notes about the money you spend on a daily basis. Begin with your morning coffee. No one wants to deprive you of a good cup of java to get you going, but can you save money by making it yourself at home? You can buy a thermal cup that doesn’t spill and take your coffee with you straight from home. Think that won’t save you money? Think again! If you’ve been buying your coffee out every day, multiply that money by the number of days you work each week and come up with a weekly total. Multiply that by 52 and get how much you spend a year only on your morning coffee. If you buy your coffee out, there’s a good chance you’ll buy some sort of goodie to go with your coffee. All of these things add up to a considerable sum of money when you look at annual totals. Let’s not pick on coffee habits, but let’s do look at ways we can save by taking things from home. Whether it’s coffee, cold drinks, lunches or snacks, you can save a lot of money when you don’t buy them outside.

When you do need to make a purchase, do some comparison shopping to make sure you’re getting the best price. This is easiest to do on the internet, but you can also scan the weekend newspapers for specials on items you need. If there are coupons, clip them and put them in your wallet. When you start saving money on everyday items, you will have extra cash to put into an interest bearing savings account.

When opening a savings account, be sure to compare rates. There can be large differences from one bank to another in interest rates. If you don’t have enough cash, another option is to apply for a car title loan and get instant cash. If you don’t need it for emergencies, you can save it in your bank account.