Stale Green Light

Are you prepared for a change in the green?

  • Feb 26

    Preparing for the future is a matter of financial repsonsibility for people. The decisions that are made regarding the future can prove to have long term implications down the road. There are a variety of ways that people can effectively plan for the future. Setting up a long term financial plan is the first of these ways that can ensure a system of progression over the years.

    Setting aside money into a 401k or comparable fund will make it so that people have accumulated enough wealth to live in comfort when the time comes for them to retire. The overall amount that is required to build one of these funds is not comparatively that much, and will add up quickly over the years.

    Finally, investing wisely will make a large difference in the proceedings. Long term, slow building investments are much safer than the possibility of short term lucrative stock. Picking out an option that will endure and grow can help ensure financial security.

    It’s never too early to think about the future. Setting aside money into a retirement fund and making long term investments can make it easier for people to access that money at later stages of life. It is a way to ensure financial security without undue stress.

  • Feb 23

    Amid the tensions in the Middle East and Africa, it was announced that oil has topped more than $100 a barrel, for thge first time since 2008.

    Due to the crackdown in Libya, major French oil companies operating in the area have had to scale back the amount that they can pump every day. There have been similar reports throughout the region. The oil that is harvested in Libya is some of the higher grade crude, and there have been concerns that other areas that could supply the crude would not be able to refine it effectively.

    Consumer confidence in the situation causes stocks to go down in general, but caused the stocks of the big oil companies to rise. Now that major supply centers have been affected, people can easily expect the cost of oil to continue rising over time.

    The conflicts happening across the ocean and their ability to immediately impact pricing here nicely demonstrates just how powerful and interconnected globalization is. Since various types of supplies and goods are demanded around the world, an impact on one area can have a significant effect on other places quickly.

  • Feb 17

    A great way to passively build up a savings account over time is to have your bank automatically transfer a set amount of money from checking to savings at the start of every month. Many banks offer this service, and the amount can be determined by the person. While this practice may seem like an intuitive one to some people, not having to think about it is a great boon to others.

    Since people tend to get very busy during the course of the month, they don’t always think about what to do with their savings account, especially if they have to worry about the bills. Setting up an automatic savings transfer not only releases a person from thinking about it, but also makes it so that there is less overall discretionary money available.

    This can be used to remove temptation and be fiscally responsible in the same step. Automatic transfers are a simple step to take, but make a noticeable difference after just a few months. People can feel secure when using this service, because they are building up their finances without having to think too much about it.