People have the habit of making New Year's resolutions for anything and everything such as happiness, health, managing money matters proficiently and getting out of your old inclinations. The main objective to turn your resolution into reality is to make sure that your financial goals reflect what you actually want. You should make a New Year promise on personal finance that you know you will be able to succeed surely. Practice the habit of savings and keep your money in the bank account. Use it to satisfy your essential needs such as retirement, paying your bills and giving money to the grocery-shopkeeper.

Ideas to get back on the right track and manage personal finances efficiently

Have a look at the 4 ideas to get back on the right track and manage personal finances efficiently.

1. Set a specific goal - Thinking in your mind as to how you will manage your money is simply useless and, as such, you should set a specific goal so that you know what you want to achieve exactly and, in turn, achieve it. You may think in your mind that you want to increase your savings and you want to have $2,000 more in your bank account by the next month. While the former only gives you a hope that you will boost your savings, the latter gives you a target to accomplish it. Thus, setting up a specific goal is very important if you really wish to handle personal finances in the most efficient way.

2. Deal with your credit cards wisely - You should keep an eye on every credit card that you may have and deal with them wisely. Get hold of credit cards which charge you low interest rate and have cash back policies. There are situations when you spend hundreds of dollars just for the sake of repaying the outstanding credit card balance and, as such, much of your hard-earned money is being spent. Make a comparison between various credit cards and obtain one with low interest rate. If you have a credit card with high interest rate but no annual fees, do not throw it away as soon as you get a better card. Keep the old card with you but do not swap it as this will help you boost your credit score.

3. Design a well planned budget - You may design a well planned budget every year and think of following it. However, there are many people who hate the idea of budgeting since it acts as a restriction of your money flow. But, in the real sense, a well planned budget is a financial planner that helps you understand about your money flow. A budget enables you to spend money on the things that you need essentially and keeps you away from spending unreasonably. Budgeting also helps you make a plan for the extra expenses that do not occur every month.

4. Reduce your unnecessary expenses - If money is tight for your case, look through every possible option to reduce your unnecessary expenses. For example, a family of four dining outside can pay you an extra of $20 every time you go out and eat. Same is the case for coffee drinks or packed water bottles if you purchase them on your way to office. Try to carry them from your home so as to reduce as much expenses as possible and save your dollars in the long run. Cutting down the small expenses will give you a significant amount towards your family savings and manage money matters capably. Give yourself a suitable chance to buy a new appliance with your hard-earned saved bucks.

Apart from this, studies illustrate you spend less when you use cash instead of plastic money. Make it a habit of spending a fixed amount of cash every week and try to stick to it. Thus, it is considered to be an appropriate way to keep a grip on your personal finances and avoid using credit cards without any need.

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An announcement has been made by the Federal Reserve that they are not going to raise the interest rate for the coming three years. Thus, the interest rates will remain at the rock bottom as it is now. This is good news especially for the credit card holders. This is another step taken forward by the Federal Reserve to bring in more transparency in making the policy decisions.  This may help the public understand in what way the fed actually is working and what its motives are. As the interest rates are still low, it may help you to avoid incurring huge debts and if you are a careful shopper, you may not be required to even opt for debt consolidation to pay down your credit card debts.

Interest rates going to remain the same

The interest rates of the credit card are going to remain the same till 2014. This is going to be extremely helpful for the people using credit cards. This will mean that you won't be required to pay more in interest against the credit card debts incurred through credit card usage.

So, why do you think is the Federal Reserve still going to keep the interest rates low till 2014? The main reason due to which the rates have been kept low is the slow paced economy. It is the Fed's Federal Open Market Committee or FOMC which sets the monetary policy. As they have done from the time of the recession -  keeping the federal funds rate low - the FOMC has again decided to keep the rates at as low as 0 to 0.25 percent. They have said that until they are going to see any positive change in the economy, they are not going to increase the rates of the federal funds.

The economists are of the view that if the Federal Reserve keeps the interest rates low, it may be quite encouraging for the businesses. They may feel more interested to invest in the growth now and they may not simply wait for that more stable economy. This may result to a situation where the consumers will start to spend more, especially on the big ticket items like the cars and also the new homes.

Thus, it can be said that if you can manage to pay the bills on time, you may not have to see any unpredictable rise in the interest rates of your credit cards. But, another very important that should be considered too is that if economic forces like inflation occurs, or if there is a rapid economic recovery, it can result in increased rate by the Federal Reserve.

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Iz Grčke stižu vijesti da je globalna financijska kriza toliko strahovito pogodila određene društvene slojeve da su neki roditelji postali presiromašni da bi brinuli o vlastitoj djeci, pa su u očaju prisiljeni odreći ih se! Ta je bolna odluka sve češći, jedini izbor onih koji više nisu u stanju prehraniti ni sami sebe. U Grčkoj je trenutno veoma teško nabaviti i obični aspirin, manjka gotovo polovica od 500 najčešće korištenih lijekova. Nije potrebno napominjati da Grčka ekonomska katastrofa predstavlja blisku budućnost mnogih država.

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While the 99% suffered hardship, a new study shows that the Fed propped up buddies in the banking industry and a vast shadow banking system far beyond what anyone has guessed. Bailout Bombshell: Federal Reserve "Emergency" Bank Rescue Totaled $29 Trillion Over Three Years!

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Worth Appraisal And Exchange System

Crom Alternative News, 14 December 2011 - Enrico Furia

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Sustav Za Procjenu I Razmjenu Vrijednosti

Crom Alternativne Vijesti, 13 Prosinac 2011 - Enrico Furia

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Sistema Di Stima Del Valore E Dello Scambio

Crom Notizie Alternative, 12 Dicembre 2011 - Enrico Furia

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There are eternal principles about money and they are very simple and logical, but few people seem to think about them.

The first principle is that money is a means of exchanging wealth. Money is not wealth. Wealth is ideas, goods, and services. The purpose of money is to make it easy for buyers and sellers to exchange their ideas, goods, and services. If we keep this basic truth about money in mind, it can eliminate confusion about money. The exchangers of wealth are called producers and consumers of wealth, or labor and consumers. Actually, the producers and consumers and buyers and sellers are the same people. We can change from one role to another more than once per day. For example, when we use the telephone to create business we are consuming telephone services and producing income at the same time.

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Achtung! Danas, 23 studenog 2011, Njemačka je svijetu pružila zaista šokantni spektakl: Aukcija suverenih dužničkih obveznica nije prošla na način na koji je najjača europska ekonomija do sada već navikla. Naime skoro 40% od gotovo 6 milijardi ponuđenog duga - ostalo je neprodano. Bez masivne intervencije Bundesbanke kroz kupnju velike količine suverenih zadužnica, današnja bi se njemačka aukcija bondova pretvorila u pravu financijsku katastrofu. Prije ili poslije, na površinu je morala isplivati i istina o pravom stanju njemačkog gospodarstva. A istina koja je slučajno ili ne, danas izbila na vidjelo - upravo je ovakva: Dug Njemačke, veći je od duga Grčke i Italije. Realni njemački dug, kako javljaju s naslovne stranice medija Handelsblatt, u kojeg su uključeni troškovi za penzije i zdravstvo - za 5 tisuća milijardi eura je veći od službeno predstavljanog iznosa. Razlike li drastične! U službenim podacima za 2011 godinu, na zaduženje se gleda kroz cifru od 2.000 milijardi eura, međutim, mirovinski i zdravstveni sektor su izostavljeni iz tih izračuna. Stvarna težina dužničkog tereta iznosi 7 trilijuna eura! Dakle njemački realni dug u odnosu na bruto domaći proizvod iznosi 185%, a ne 85% kako se službeno navodi. Za usporedbu, grčki dug bi u 2012 trebao dostići 186% BDP-a, dok Italija ima omjer duga u odnosu na društveni bruto proizvod od 120%. Službeno, kritični prag iza kojeg dug ometa privredni rast, prekoračuje se zaduženjem u visini od 90% BDP-a. U šest godina na čelu države, kancelarka Angela Merkel je zadužila Njemačku više nego svi kancelari u posljednjih četrdeset godina zajedno. Ovih 7 trilijuna eura, bjanko ček je s potpisom njemačkih građana kojeg će radom i znojem plaćati buduće generacije.

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"Money has been privatized by stealth, the greatest privatization in history has gone unnoticed, it's time to take from the banks the power to produce money", Ben Dyson writes in his article published a few days ago by the Guardian. "You know, my son, it's really unbelievable how stupid one can be when his job depends on how stupid he can become", mama said to Forest Gump who browsed through the pages of the largest national daily newspaper - ahead of upcoming parliamentary elections - filled with invitations and promises in which desperate workers and farmers have invested all their hopes. "Well, mom", Forest replied, "if banks are evil, and if we're all angry and facing bankruptcy, then let's switch to alternative currency"!

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"Novac je privatiziran prevarom, najveća privatizacija u povijesti je prošla neopaženo, vrijeme je da od banaka preuzmemo ovlast za proizvodnju novca", piše Ben Dyson u članku kojeg je neki dan objavio britanski Guardian. "Znaš, dragi sinček, zapravo je nevjerojatno koliko ljudi mogu biti glupi kad im upravo od toga koliko glupi mogu postati - ovisi radno mjesto", rekla je mama Forest Gumpu koji je listao stranice Večernjeg lista prepune poziva i obećanja povezanih sa skorim hrvatskim parlamentarnim izborima u koje su očajnici uložili sve svoje nade. "Ako je banka zla, i ako se svi ljute, prijeđimo onda na alternativne valute", veselo je Forest odgovorio mami.

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Novac je privatiziran krađom. Najveća privatizacija u povijesti je prošla nezapaženo. Vrijeme je da od banaka preuzmemo ovlast za proizvodnju novca.

Općenito je poznato da isprintati u tvojoj kući tvojih vlastitih 10 funti nije u skladu s politikom Njezinog Visočanstva. Pa ipak, uska grupa za to ovlaštenih kompanija, stvorila je i potrošila više novog novca nego što su krivotvoritelji ikad bili u mogućnosti tiskati. U industrijskom žargonu, ove tvrtke se nazivaju "monetarne i financijske institucije"; no prosječni ljudi ih vjerojatno puno bolje poznaju po njihovom nazivu iz uličnog žargona: "Banke". Novac kojeg one stvaraju, doslovce iz ničeg, nije papirnati novac koji na sebi nosi logo središnje banke - Bank of England. To je elektronički novac koji treperi na ekranu bankomata kad kroz njega provjeravate vaš saldo na bankovnom računu. Upravo u ovom trenutku, taj elektronički novac čini preko 97% svog novca u optjecaju u ekonomiji. Samo 3% sveukupnog novca je još uvijek u onom staromodnom obliku pravog keša koji se rukama može opipati.

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