CD Rates (Certificate of Deposit Rates) and High Interest Savings Accounts » save money http://bankingtopia.com Get great information on CD Rates (Certificate of Deposit Rates) and other High Interest Savings Accounts. Fri, 07 Jan 2011 23:28:02 +0000 en hourly 1 http://wordpress.org/?v=3.3.1 Have a Relaxing Season with Money Saving Tips for the Holidays http://bankingtopia.com/have-a-relaxing-season-with-money-saving-tips-for-the-holidays/ http://bankingtopia.com/have-a-relaxing-season-with-money-saving-tips-for-the-holidays/#comments Fri, 07 Nov 2008 21:33:14 +0000 Bankingtopia Editor http://bankingtopia.com/?p=198 You’ll have a much more relaxing and enjoyable end-of-year when you equip yourself with money saving tips for the holidays. Money saving tips for the holidays can be found on the internet, in newspapers, and in magazines and it is worth your while to find out all you can. Don’t let economic recessions spoil this special time of year and learn some money saving tips for the holidays. Here are a few.

Stop trying to buy everyone’s approval. This is one of the money saving tips for the holidays where you’ll be glad you went through the discipline required to implement it. Unfortunately, in many families there is an attitude of materialism that rules. Many will think they have good relations with other family members only to find out how ugly relatives can be when you don’t have the cash or credit cards to splurge on them. Give yourself a break and realize that buying approval through gift giving is futile and you set yourself up for disappointment. Be nice about it but you’ll find that this one in the group of money saving tips for the holidays will show you who you really have strong relationships with.

Set price limits on spending. This is one of the money saving tips for the holidays that is budget-friendly. Budgets love fixed expenses. You can count all the members of your family and extended family who you typically exchange gifts with and put a limit on how much to spend for each ($5, $10, etc.). The amount depends on your budget. Where this really works as one of the great money saving tips for the holidays is where you get everyone else in your extended family to agree to that amount as well.

Have holiday get-togethers and bring food but don’t be so formal. This is one of the money saving tips for the holidays that can actually save you a bundle. Don’t have lavish dinner parties. Have pot-luck get-togethers where everyone brings their favorite family dish and comes in their jeans. If anyone wants beer or wine, tell them to bring their own. This is a time to relax and having these casual occasions can be quite fun.

Don’t buy plane tickets at the last minute for holiday travel. This is one of the money saving tips for the holidays that many times gets overlooked and family reunions are missed because of the travel expense. If you are planning to have all family together for the holidays, get those plane tickets as soon as you can. Some purchase their tickets as early as August to make sure they can afford it.

Maximize on end-of-year clearances. This is one of the money saving tips for the holidays that stores don’t advertise much as they would rather make their profits before the holidays. The fact is that retail businesses try to clear out their inventories as much as possible in order to close the books for the end of the year. Also, retail businesses have goals to get their stock levels down as low as possible because it is easier to take inventory counts at the beginning of the New Year. The bottom line is that prices are lower and you can take advantage of them.

]]> http://bankingtopia.com/have-a-relaxing-season-with-money-saving-tips-for-the-holidays/feed/ 2 What is Microeconomics ? http://bankingtopia.com/what-is-microeconomics/ http://bankingtopia.com/what-is-microeconomics/#comments Fri, 07 Nov 2008 09:56:53 +0000 Bankingtopia Editor http://bankingtopia.com/?p=195 The two words mean a millionth part. When we speak of microeconomics we mean a mall part of whole economy that we are analyzing or in microeconomics we analyze the units e.g., a firm, a consumer or an industry. In other words we study a general price level instead we discuss price of a particular commodity. While studying rewards of factors of production, savings, investment, income, employment, demand and supply and not the aggregate savings, investment, national income, general employment, aggregate demand and aggregate supply.

While Studying micro economics it is assumed that there is full employment in the economy and average price level is fixed and hence, the problem left with us is what to produce, how to produce, how much to produce and for whom to produce.
Following problems are discussed and studied in microeconomics:

1. Consumption Theory:
We study the behavior of the consumers i.e., why people purchase consumer goods, what is their aim both in utility and indifference curve analysis.

2- Production Theory:
In production theory we discuss how goods and services are produces and how factors of production are combined together. What is the cost of production and how it can be minimized?

3- Price Theory:
Problems of determination of prices of goods and services are studied in price theory. The effects of price mechanism, affects the allocation of resource, consumption pattern, investment direction, choice of method of production etc.

4- Distribution Theory:
In Distribution Theory we study pricing of factors of production, Determination of rent, wages, profits and interest i.e., how rewards of factors of production are distributed in an industrial unit.

Merits of Microeconomics:
Following are the merits of study of microeconomics

(i)- Individual Decisions:
Microeconomics is helpful for analyzing individual decision making unit e.g. households and firms.

(ii)- Rational Choices:
Study of microeconomics is useful for making rational decisions regarding maximization of satisfaction by consumer and maximization of profits by the producers.

(iii). Helps in Understanding Macro Economics:

Macroeconomics is nothing but the addition of individual behavior as a society is composed of individual, macroeconomics is composed of microeconomics. Therefore, study of microeconomics means study of macroeconomics as a whole.

Demerits of Micro Economics:

1. In free economy there are always problems of depression, over production and price fluctuations, so there is no stability in economy and there problems are not studied at micro level

2. Some results are beneficial at individual level but are worse at national level e.g.
• Increase in profits due to increase in price is treated good for producer but general increase in price level produces inflation in economy which is harmful.

• A producer can increase its profit by reduction in wage rate but if wage cut policy is adopted in the country it decreases the purchasing power, which in turn will decrease the demand for investment and creates unemployment.

• Increase in Personal savings looks good, but if major portion of income saved is not further invested it brings depression. Increase in monetary savings is not beneficial because it will not bring economic development.

• Increase in consumption at individual level is not treated good but if consumption expenditure decrease beyond a certain level in the economy rate of investment goes down and therefore, unemployment increases in an economy

]]> http://bankingtopia.com/what-is-microeconomics/feed/ 0 Eliminating Employee Theft in the Workplace http://bankingtopia.com/eliminating-employee-theft-in-the-workplace/ http://bankingtopia.com/eliminating-employee-theft-in-the-workplace/#comments Wed, 05 Nov 2008 18:08:09 +0000 Bankingtopia Editor http://bankingtopia.com/?p=165 Theft is a growing problem in the workplace and often, the theft comes from the inside. As easy as it is to shoplift at a given place, it is even easier for an employee to steal. Given this, eliminating employee theft in the workplace becomes vital to any business that is trying to turn a profit.

The first step to eliminating employee theft is to make it clear that you are aware of the possibility. Make sure that you have eyes on every person in the workplace through the use of cameras and constant surveillance. If you can not afford a good camera system, then it becomes vital to be a presence that is always around and aware. A manager that sits at his or her desk all day is not likely to know what is going on throughout the day.

Another very effective way to eliminate employee theft is to screen every single person that comes to work for you. Make sure to do a background check, and follow up on references. Thieves often leave a trail, and you can head off future theft problems by simply screening your employees properly.

Each and every employee that comes through your doors to work should be informed that eliminating theft is high on your list of priorities. Do not be threatening, but make sure they are aware that there is a zero tolerance policy on this infraction. Then enforce that zero tolerance.

Be the example for your business when it comes to employee theft. If you occasionally take home that office supply, or grab that occasional free soda, you are sending the message to your workers that this behavior is okay. Make sure that you stick to the rules as well.

If you work in an environment of high priced items, use good inventory control measures. Lock up all expensive products, and require a daily or weekly inventory check. Control the keys that are available and always leave one person in control of the lock. This creates accountability, and will help foster an atmosphere of policing one another.

Eliminate any private areas in the workplace. Other than the bathroom, there should be no areas in the workplace that allows complete privacy. All areas should be in plain view of others. This will help to avoid employee theft by eliminating hiding places. Keep all doors open, and everyone in view.

If you stick to these general employee theft prevention standards, you will see a large drop off in employee theft. Theft among employees is usually a situation that is created by opportunity. If you eliminate those opportunities, then the employee theft will diminish in turn.

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