Tag Archives: money

Warning Signs: When It’s Time To Modify Your Budget

The world is going through a supply chain crunch and items cost more right now. The inflation rate has increased and it could put a crunch on your personal budget. This could be the norm for awhile and it may have changed your spending or saving habits.

Here are some warning signs that it’s time to modify your budget.

Increased Credit Card Balance

We all know how easy it is to let ‘future self’ deal with paying for a nonessential purchase. You just pull out your credit card and figure that you’ll cut something else out to help pay for it. Well, the interest for that purchase hits and you continue to just pay the minimum amount to not ruin your budgeting plans. It’s time to start paying down that balance.

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When Are the Best Times to Trade the Dollar?

tumblr_n9fxhrrdrw1tekfk9o1_1280The US dollar (USD) is without doubt the most important and popular currency in the world, as it has been for many years, followed by the Euro (EUR), Japanese Yen (JPY) and British Pound Sterling (GBP). We are able to judge long and short-term price action by looking at the dollar’s value relative to the following currencies and weighting:

Euro (EUR) 57.6%; Japanese Yen (JPY) 13.6%; British Pound Sterling (GBP) 11.9%; Canadian Dollar (CAD) 9.1%; Swedish Krona (SEK) 4.2% and Swiss Franc (CHF) 3.6%

It is practical to trade on the dollar’s strength and weakness through currency pairing – a currency pair being defined as the quotation of the relative value of a currency unit against the unit of another currency in the foreign exchange market. The currencies listed above constitute the main “crosses” for trading purposes.

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