Finance Money

What Does "on the Money" Mean?

Published at 03/21/2012 16:07:09

Introduction

"On the money" refers to the process of using money or currencies to where it should be spent. First what is money, a medium that can be exchanged for goods and services and is used for the measurement of the value on the market, including among its forms a commodity such as gold, an officially issued coin or note, or a deposit in a checking account or other readily liquefiable account? The official currency, coins, and negotiable paper notes by a government. In the economic way a medium of exchange that functions as legal tender, the official currency, in the form of bank notes, coins, and more. issued by the government or the authority.

History

The main key point of discussing money is where, how, and to whom the money should be use by. Here we will talk about, how the money is made, and then how to use it. Do you have any idea that how the money is being used in the world, where it goes? So get the thing to me that over $100 billion of money is spent in a year by today's teens. That's value $4400 per person, so the money must go somewhere. In 1997, 28 percent of 12-year-olds did not know that credit cards are a form of borrowing, and 40 percent didn't know that the banks charge interest on loans. In 1998, teens earned about $121 billion in the country but they spent an estimated $141 billion. Most of the money that made up the difference came from parents.

Features

For those of us who do keep track of the income also keep a valuable edge on their future. Take a look. first, at the credit card use in that specific country. We met a young married lady who found herself over $3,000 in debt when she was only 19. Its best to learn how much more a purchase will actually cost if you take about a year to reimburse it. Get tips on how to get back on track with consumer credit counseling, this will be your best bet.

First, have all your credit cards cut up. We would then take all your credit accounts and put them into one payment. Then for instance, you would send a money order to your credit counselor monthly, or every two weeks, whatever you choose to do. and the counselor will disburse the money to the creditors. Interest rate of credit card would not stop completely. you might be not going to see any company that's going to reduce interest rate to zero. but, depending on the company. A negotiation with your counselor for rates will be conducted, that's less than what you have been paying. We also help clients budget their money. and counsel them on following that budget.

Tips and comments

The next step is, get a crash course in basic economic concepts like “supply and demand” and “opportunity cost” so that they actually make some sense. Learn about some teens that are doing what they love and making good money at it.

Comments

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