How to Save Money

Read this New York Times article about savings. This is important information concerning good savings habits. Summarize the article and then explain how you can change your spending and consumption habits to spend less and save more. Which of the authors' money savings tips can you apply to your own life? Also, why is it important to begin saving money early in life? Explain.

Taxes: How does the Government Spend Money?

In 2004-2005 the U.S State and Local Government spend $46,360
- Public Welfare = $6,758
- Health & Hospitals = $4,939
- Higher Education = $4,527
- Governmental Administration = $1,940
- Highways = $2,765
- Housing, Community Development, Sewerage, Solid Waste = $2,684
- Natural Resources,Parks & Recreation = $1,604
- Interest on General Debt = $1,844
- Correction = $1,355
- Police & Fire Protection = $2,169
- K-12 Education = $9,232
-others= $4,544

Saving and Debts

Credit Cards with High Interest are a big issue for people. Most of the times people that have credit cards with high interest can't save money. If you make a late payment you will have to pay more interest which means pay more. This is one of the reason why some Americans can't save up money. If you make late payments your credit score will decrease and is harder to buy properties or anything. This is how people start to have bigg debts. Usually if you apply for a credit card and you have a bad credit you will have to pay higher interest. Sometimes is better to stay credit card free.

Critique Of GDP podcasts

The Podcasts I listen to was Nicole and Tiana. It was really good and answer all the question. I like the way they put sounds affects and the picture match with there topic. They were very clear and hope to hear another podcasts.

US trade deficit:getting Better

The Trade Deficit is based on the country's imports and exports. Imports are all the things that are bought from other foreigners and exports is everythin the country sells to foreigns. The Trade Deficit is low when the country has more imports than exports. US Exports: $1,024,000,000,000 - ($1 Trillion) US Imports: $1,869,000,000,000 - ($1.8 Trillion) US Trade Balance: $-845,000,000,000 ($845 Billion)

Taxes - How Does The Government Get Money?

The difference type of taxes are Direct Taxes on income from work, Indirect taxes on income from work, Taxes on income from capital, Taxes on property, Corporate taxation and Taxes on goods and services. Both federal and local Government get direct taxes. Direct taxes are taxes payable on income from work. Indirect taxes are usually taxes you pay in the store.

Student Loans- Beware

College can create big financial problems if you do not choose the right loan. In this case the culinary schools was expensive, up to $48,000 for 2 years. This is very expensive compare to other colleges. Is better that you go with somebody knowledgeable on loans. I probably will get a loan in college but I will do alot of research before I sign.