Modest Money http://www.modestmoney.com Personal Finance Blog for Everyday People Tue, 04 Aug 2015 13:15:50 +0000 en-US hourly 1 Why NOT Go To Greece: Your Money Will Go Far There http://www.modestmoney.com/why-not-go-to-greece-your-money-will-go-far-there/ http://www.modestmoney.com/why-not-go-to-greece-your-money-will-go-far-there/#comments Tue, 04 Aug 2015 13:15:50 +0000 http://www.modestmoney.com/?p=16089 As you’ve probably seen on the news, Greece is in the midst of a debt crisis. While they seem to have salvaged some kind of deal that limits their chances of bankruptcy, what does this mean for the millions of travelers who have booked their trip to this scenic and historic region? What It Means […]

The post Why NOT Go To Greece: Your Money Will Go Far There appeared first on Modest Money.

]]>
As you’ve probably seen on the news, Greece is in the midst of a debt crisis. While they seem to have salvaged some kind of deal that limits their chances of bankruptcy, what does this mean for the millions of travelers who have booked their trip to this scenic and historic region?

What It Means to Travel to Greece Amid a Financial Scare

If you’ve booked your trip to Greece far in advance, you may have not thought that a debt crisis would be at the center of your troubles. However, with closures and limits on funds, canceling your trip may be at the forefront of your mind. While details of the bailout are still being worked out, your money may go far.

Traveling abroad to Europe with the family may bring history and adventure to life, but it can be costly if you don’t know where to cut down on travel expenses. If you’re venturing to Greece, places such as Santorini are ideal for watching the sunrise, relaxing on the beach, and sightseeing through the Acropolis. Unfortunately, the recent debt crisis has instilled fear in travelers who are preparing for their trip. There is also angst and strife over the debt crisis deal because it could contain pension reform and tax increases, but it shouldn’t keep visitors away from popular tourist attractions.

Money and Credit Cards

Greeks were limited to monetary restrictions of approximately $60 per day. While this is a financial hardship to the civilians in the towns and cities, foreign tourists shouldn’t have too many complications when it comes to paying for items. ATMs are open and offer no monetary bank limits to outside tourists. This means that if you want to pay cash for dinner, trinkets, and activities, you’ll be able to obtain currency from the bank.

However, if the ATM runs out of cash, you may have difficulties in obtaining the proper funds. You may also have to contend with long lines to get your cash. Greece has been in an economic crisis for quite some time. While the region has felt the pinch of the cash crunch, travelers have still made this scenic and breathtakingly beautiful region a must-see on their bucket list. From the beaches and historic sites to the food and people, Greece is a popular vacation destination.

Unaffected Islands

Life on the islands of Greece should be unaffected by the monetary strife. Most areas produce their own food and have a steady stream of tourist income. If you don’t want to cancel your trip, you should be prepared for your upcoming adventure. In addition to the right clothes, shoes, and personal belongings, you’ll also want to plan on how you’ll be paying for items. An assortment of options should include cash, credit cards, and debit cards. You should also have enough euros to cover unforeseen things such as food, lodging, and airfare. If ferry and other methods of transportation are reduced, you may find it more difficult to get around the more remote regions of Greece.

Credit Cards and Insurance

Travel insurance is a necessity with the economic unrest in Greece. However, you probably won’t have to use it, especially if a deal is set in stone. A travel insurance provider will be able to let you know what is covered and not covered under your specific plan. The crisis in Greece probably also taught you to apply for a credit card if you don’t own one already. If you’re unable to obtain cash or you’ve run out of your allotted limit, you’ll still be able to pay for your hotel, meals, gas, and other activities while on your trip.

However, credit card fees for overseas purchases can make a trip abroad even more costly. However, finding a card that offers no foreign fees allows you not to worry about the additional 2 or 3 percent that is tacked on to everything that you spend during your trip. While things should be somewhat normalized by the fall, there are still some major deals and decisions that need to be worked out. You also need to factor in that the media ups the volume of the news reported in Greece. You can do your part by learning firsthand about the situation in Greece. Enlist the help of tourist groups, fellow travelers, friends and colleagues overseas.

Help Greece by Not Canceling Your Trip

You can help Greece’s economy by not canceling your trip. Remember, the weather is absolutely stunning during the upcoming months. You may also not have to deal with an influx of other travelers to the region. In addition to the welcoming people, you’ll also find the prices significantly cheaper than usual, so it seems to be a win-win situation.

The post Why NOT Go To Greece: Your Money Will Go Far There appeared first on Modest Money.

]]>
http://www.modestmoney.com/why-not-go-to-greece-your-money-will-go-far-there/feed/ 1
Investment Opportunities in Canada & Why Binary Options is The Way to Thrive on Them http://www.modestmoney.com/investment-opportunities-in-canada-why-binary-options-is-the-way-to-thrive-on-them/ http://www.modestmoney.com/investment-opportunities-in-canada-why-binary-options-is-the-way-to-thrive-on-them/#comments Fri, 31 Jul 2015 13:15:50 +0000 http://www.modestmoney.com/?p=16052 Canada is blessed with several investment opportunities. For several years now, Canadians have invested in oil, farmland, and small business equity. While these are excellent investment opportunities, more and more Canadians are now embracing online investment. People now realize they can make easy money trading online, that they can make huge profits by understanding and […]

The post Investment Opportunities in Canada & Why Binary Options is The Way to Thrive on Them appeared first on Modest Money.

]]>
Canada is blessed with several investment opportunities. For several years now, Canadians have invested in oil, farmland, and small business equity. While these are excellent investment opportunities, more and more Canadians are now embracing online investment. People now realize they can make easy money trading online, that they can make huge profits by understanding and predicting market directions. The traditional stock market is readily available at the click of a button nowadays, allowing Canadians to engage in foreign stocks now more than ever.

The Canadians Securities Exchange (CSE) allows sellers and buyers to trade on various stocks for profit. Buyers and sellers are brought together as each aims to make a profit by predicting the value of shares in the near future. Canadians can now trade on foreign stock exchanges giving them a wider choice of tradable assets. All that is required of people is a clear understanding of the market and how shares are purchased and sold. Online Forex trading is another great opportunity for people to make easy money by trading on the value of various currencies. This is done by predicting the value of the currency and by selling the currency when it reaches a desired worth. There are several foreign exchange companies in Canada that offer trading services online. Forex trading can earn individuals some good amount of cash if they can correctly predict how currencies will change in value. Traders just require a decent broker that offers good leverage and then take advantage of the leverages offered. This does not mean there are no risks involved in trading Forex. However, with clear understanding of the market and the factors influencing prices, people can quickly increase their earnings by trading on the Forex.

One great online business opportunity that is becoming increasingly popular in Canada is binary options. This form of trading is turning to the alternative choice to Forex trading that is considered a bit risky. With binary options, one knows the exact amount of money one can lose if projections don’t go their way. This is different from Forex in the sense that you are never sure of how much you can win or lose. It allows for better control of funds as people can anticipate how much they can gain or lose within a particular timeframe. Binary trading is less complicated than Forex and does not require the high entry fees Forex brokers usually demand of you. Traders will not be so much reliant on leverage – a case well observed with Forex trading. Binary options allow traders to refund part of the money easily if they think the market projections are not going their way. However, this is not offered by all brokers, and one must clearly understand all the conditions before engaging in trade.

Binary options are an excellent investment opportunity if you have an interest in online trading. It is very easy to join and lacks the complexities involved in the traditional Forex market. One can quickly place a trade after three to four steps of registration with a broker and start earning. The fact that you need to choose between two options of Call or Put makes trading a breeze. The profits individuals make depend on their investment, experience, knowledge of the market and the profit percentages offered by the broker, which in some cases reach as high as 89% of return on investment.

So to sum it up, trading in binary options is an excellent way to make money online when compared to other online trading platforms, and it could be the leeway you need to properly fund a business, like these growing businesses in the Canadian market listed on the Canadian Investment Network.

The post Investment Opportunities in Canada & Why Binary Options is The Way to Thrive on Them appeared first on Modest Money.

]]>
http://www.modestmoney.com/investment-opportunities-in-canada-why-binary-options-is-the-way-to-thrive-on-them/feed/ 2
3 Things Every Adult Should do to Prepare for the Future http://www.modestmoney.com/3-things-every-adult-should-do-to-prepare-for-the-future/ http://www.modestmoney.com/3-things-every-adult-should-do-to-prepare-for-the-future/#comments Thu, 30 Jul 2015 13:15:33 +0000 http://www.modestmoney.com/?p=16041 This could be a long list, but of course, this is a finance site. So we’re talking about money. Being an adult has lots of ramifications. If you are in your second, third, fourth, fifth, (or more) decade of life, you’ve had the opportunity to do and try a lot of things. Maybe you have […]

The post 3 Things Every Adult Should do to Prepare for the Future appeared first on Modest Money.

]]>
This could be a long list, but of course, this is a finance site. So we’re talking about money. Being an adult has lots of ramifications. If you are in your second, third, fourth, fifth, (or more) decade of life, you’ve had the opportunity to do and try a lot of things. Maybe you have a house, a business, children, and debt related to different financing strategies. Maybe you’ve done some of these things a number of times at this point. This is one of the richest thing about being a grown up: being able to sample life in many different ways. But it’s not going to last forever, so you’ll want to start planning for your future, the sooner the better.

People don’t like to plan for mortality. We like to think that, even if we don’t live forever, we’ll surely live a lot longer. At the most, we’ll talk about planning for retirement. But we don’t like to think very far behind that. I understand this. But especially if you have dependents, as most adults of a certain age do, it’s your responsibility to start prepping the way for them, for a time when you may no longer be around. Here are the ways I think every adult should start doing this today.

  • Write a Will. If you are a person of property, making a will is totally necessary. This isn’t a step that most people like thinking about, but it’s actually quite painless. You just have to figure out what stuff you want to go to who. The reason this is important is that acquiring wealth and property is difficult. You don’t want it to slip away to whomever. And you don’t want someone else deciding how best to divvy out your estate, if you didn’t make a plan on your own. What’s great about wills is you can get organized in the here and now. You can think deeply about the legacy you’ll one day leave. And you can make decisions based on your own personal feelings, not based on the expectations of anyone else. After all, when the will is carried about, you won’t be around to hear anyone complain. At the worst, you’ll live much longer and you won’t have to use it for awhile.
  • Invest for Retirement. You’ve got to have some money put away and growing for your retirement. There is no way to know how comfortable government subsidies will keep you by the time you’re old. So you want to save some money for this future. This is important, because illness and injury can plague older adults with sudden bills, like hospitalization and specialists. If you have these expenses covered long before they surface, you won’t have to worry about them, or about them becoming burdens for your family.
  • Organize Your Life. This takes many forms. But it’s important that you leave your life somewhat tidy for the people who come after you. Estate planners advise that unneeded possessions be sold and the money used for a better purpose. Businesses and large estate items should be similarly organized for when you are no longer able to manage them.

There’s plenty of ways to prepare for the future. But each of these will give you security and peace of mind every step of the way.

The post 3 Things Every Adult Should do to Prepare for the Future appeared first on Modest Money.

]]>
http://www.modestmoney.com/3-things-every-adult-should-do-to-prepare-for-the-future/feed/ 6
Saving Money at College http://www.modestmoney.com/saving-money-at-college/ http://www.modestmoney.com/saving-money-at-college/#comments Wed, 29 Jul 2015 13:15:51 +0000 http://www.modestmoney.com/?p=16030 College can be a difficult time for anyone to keep a stable financial base while investing the time and effort needed to succeed in a rigorous academic environment. Fortunately, however, there are a few ways to help you save money, whether you’re an undergraduate or graduate student, and will allow you to exit your studies […]

The post Saving Money at College appeared first on Modest Money.

]]>
College can be a difficult time for anyone to keep a stable financial base while investing the time and effort needed to succeed in a rigorous academic environment. Fortunately, however, there are a few ways to help you save money, whether you’re an undergraduate or graduate student, and will allow you to exit your studies with less debt, debt free, or maybe even with some savings in the bank. So here are some tips to keep your money where it matters most, in your bank account.

Look at options for part-time studies

Most institutions have part-time studies available at a reduced rate, which will allow you to focus more on individual classes and will let you work while you’re studying. These courses tend to come in a variety of forms, from nighttime and weekend courses to online classes. It wasn’t long ago that online options were only offered in graduate courses, but more and more institutions are making them a staple of their undergraduate programs. The close monitoring of your work by faculty means that you receive the same kind of individual attention that traditional full-time students do.

Save when studying abroad

Many institutions have study abroad programs set-up to facilitate students going to partner universities abroad. This does simplify the process and make for less research, but it also means that you’re spending money in the form of fees and perhaps even tuition and housing, when you won’t even be attending your home university that year. By planning in advance, you can see what universities abroad are accredited and the courses you can transfer back to your home university. By signing up for classes directly with the university abroad, you’re more than likely to save significant amounts of money on both tuition fees and housing costs.

Look for TA and grading positions

Though these types of jobs tend to be reserved for graduate students there are some available for undergraduates as well, especially upperclassmen. Academic positions often come with a reduction in tuition and fees or room and board included, as well as a modest stipend. If you’re interested in applying to graduate school or postgraduate fellowships, the work done as a TA or grader will significantly improve your odds of being accepted into one of these positions in the future.

Though it can at times be difficult to do, there are many ways to stretch your dollar while studying without sacrificing the quality of your education and the fun opportunities that come along the way.

The post Saving Money at College appeared first on Modest Money.

]]>
http://www.modestmoney.com/saving-money-at-college/feed/ 6
Getting Life Insurance Done Right the First Time http://www.modestmoney.com/getting-life-insurance-done-right-the-first-time/ http://www.modestmoney.com/getting-life-insurance-done-right-the-first-time/#comments Tue, 28 Jul 2015 13:15:11 +0000 http://www.modestmoney.com/?p=16012 Getting life insurance is one of the most important financial purchases you will make. It’s important because it’s all about your loved ones. Making sure they are financially protected in the event that you die prematurely is the whole point of term life insurance. In that effort, it’s best to shop around. But who’s got […]

The post Getting Life Insurance Done Right the First Time appeared first on Modest Money.

]]>
Getting life insurance is one of the most important financial purchases you will make. It’s important because it’s all about your loved ones. Making sure they are financially protected in the event that you die prematurely is the whole point of term life insurance. In that effort, it’s best to shop around. But who’s got the time? Trying to navigate the fine print of even one life insurance provider can take years off your life. You can never hope to inform yourself extremely well about multiple providers. It’s hard enough just to get a quote without ending up hounded by sales calls! What you need is someone to help you cut through all the websites, phone calls, and paperwork. You need to find exactly the right life insurance for you, then get on with your life.

What you need is Quotacy. Quotacy is in the business of connecting their customers with the best deal available to them. They work with multiple insurance carriers and understand the policies they offer. When you explain your situation to them, they’ll be able to point you to the best possible choice. You won’t have to wonder if there’s a better deal somewhere around the corner. With this confidence, you can let your new life insurance do what it’s supposed to do: provide protection and security for your loved ones, no matter what the future holds.

But how can you trust that Quotacy is providing impartial service for you? Don’t companies like this sometimes get paid to push certain providers over others? Well, Quotacy’s insurance agents are paid a salary; they receive no money from commission and remain as close to unbiased as a human can be about which insurer will be best for you. Quotacy’s parent company has facilitated more than $14 billion in life insurance policies, which equals a lot of experience, and that’s a whole lot of security for families and individuals like you.

If you need more convincing, I’ll tell you a little more about how Quotacy works. They have an experienced underwriter on staff who has worked in many carrier home offices, and who understands the complex workings of multiple insurance providers. They also have a lot of automated technology which will filter your personal needs with all the possibilities on the market. With this combination of human experience and technological research, your best possibilities will be filtered down to a single perfect fit. It’s like a life insurance rock tumbler. And you’ll love the way it works for you.

Quotacy is great because they do not ask you to give up your personal information just to see a quote. Many online term insurance websites ask for your name, phone number, and email before you can even see prices – not so with Quotacy. They also make a point to speak in easy to understand language, not complex industry-lingo.

With perks like these, there’s no reason not to try Quotacy for life insurance. They’ll find you the best coverage for your individual situation.

The post Getting Life Insurance Done Right the First Time appeared first on Modest Money.

]]>
http://www.modestmoney.com/getting-life-insurance-done-right-the-first-time/feed/ 1