Money Fest

All things cash, from investment info to how to save money

Forex Trading

"I know it has all these benefits. So how do we profit from forex? "

Forex has considerable advantages over other trading markets. The most convenient thing for me is the ability to trade continuously since the forex market operates for 24 hours except for weekends. It also allows for the chance for an investor to trade around the globe as was shown in that forex ad. The other thing with forex is that it is highly liquid being with it being a highly traded market that has average daily turnover in excess of $4 trillion.[1]

Forex.com also offers the chance to trade for free with a free practice account with $50K in virtual money that is very important in building experience as that is what is really needed most. But there is some difference in trading virtual money as compared to real money especially when it comes to your reactions and how you care about your trades. In other words, nobody is going to lose sleep over $10K in virtual money so it isn't good enough practice. Read more about Forex Trading

What Constitutes an Emergency?

Last week, we talked about having an emergency fund. That got me thinking about how to decide you really need to use it. Obviously, a new outfit or an expensive birthday gift would not qualify, but the line is not so clear when it comes to other things that we spend on money on. Read more about What Constitutes an Emergency?

Important tips to Avoid Identity Theft

There are several simple steps you can take to avoid your identity from being stolen.

Identity theft happens every day. It is a horrible thing to go through and can take years for a person to fix. There is no sure way to avoid this happening to you, but there are several key steps you can take to do your best to prevent it from happening. If someone steals your identity, they will most likely rack up large debts in your name. You must then prove that the debts were created by someone else. The process to rebuild your credit is very complex and can literally take years. Read more about Important tips to Avoid Identity Theft

How Much Do You Really Need in Your Emergency Fund?

My husband and I were discussing the importance of our emergency fund yesterday, and speculating about how much you really need to have in an emergency fund. The general advice is to have six months’ of living expenses saved up at all times. While this may work for some families, those hit hardest by this economy may argue that more savings would be wiser. Read more about How Much Do You Really Need in Your Emergency Fund?

Tax Time is Approaching

It is time to start thinking about how you will file your taxes.

The dreaded day is slowly approaching. This year, Federal tax returns must be filed by April 17. There are many ways to prepare your tax returns, and some of the options are free. Read more about Tax Time is Approaching

What are some top mutual funds investing their money on?

The Wells Fargo Advantage Growth Fund is managed by Thomas Ognar and it seems to be bullish about Apple Inc. (NASDAQ: AAPL) which I was raving about in my post about the best five stocks to invest in 2012 on the Investment Talk blog on this site. The fund has Apple stock as its largest holding and has already picked a big time winner this year with railroad operator Kansas City Southern that went up 42 percent through November due to some pretty good earnings growth.

Re-think Your Cell Phone Plan

There are countless other cell phone plans you can get that won't break the bank.

Do you really need the $80 unlimited data smartphone plan? Or event he $50 plan for that matter. Unless you need a smartphone to make a living, then you may not even "need" a smartphone. I said "need" not want".

There are countless other cell phone plans you can get that won't break the bank. Take that extra $40 to $70 a month and use it to pay off debt, save, or take a well-needed vacation.
Read more about Re-think Your Cell Phone Plan

Have you Ever Heard of Penny Stocks?

Learn about penny stocks and whether or not they are right for you.

If you are looking for a way to invest money that does not require a large amount of money, you may want to consider looking into buying penny stocks. Read more about Have you Ever Heard of Penny Stocks?

Debt Collectors Resurrecting Borrowers' Debt With Credit Card Offers

A shady arrangement between debt collectors and banks is getting borrowers with expired debt in hot water.

With over 100 million Americans in significant debt, and more and more each day falling into the debtor’s paradise of expiring debt, which under the statute of limitations states that they are no longer obligated to repay it, banks are looking for ways to collect on these disappearing dollars. Debt collectors, it seems, have discovered a way. Using agreements forged between debt collectors and banks, collectors are issuing new credit cards, even to individuals with rock bottom credit scores, if they agree to pay back a portion of their defunct debt balance. It sounds like many people are taking advantage of this dubious deal, and may be getting themselves into a whole new debt mess. Read more about Debt Collectors Resurrecting Borrowers' Debt With Credit Card Offers

10,001 Ways to Live Large on a Small Budget

"There is a great section on thoughtful and enjoyable gifts for under $5"

I recently used my Amazon Prime borrowing credit to borrow 10,001 Ways to Live Large on a Small Budget for my Kindle. Having been living the frugal lifestyle for several years now, there was a lot I already knew and many steps I already implemented, but like one Amazon reviewer wrote, there is still something for everyone in this book. Read more about 10,001 Ways to Live Large on a Small Budget