Taxes - How Does The Government Spend Money?

Medicare, military expenses, transportation, education. These are just a few things that the gov. spends money on. They spend money on the war in Iraq, jails and parks. New york mostly spends it's money on education economic growth and medicaid for old people. The government spends most of our money on "the war on terrorism".

Savings and debt.

The problem with Americans is that we don't know that we are being suckered into getting credit card and racking up debts. They don't think about the interest rate or how high it is. They either don't know or don't care that the interest rates are getting higher and higher making it almost impossible to pay back all at once. So people have to scrounge and save to cover maybe half their debt. Maybe the problem is that the price of products are continually going up but the average income is staying the same.
But saving money isn't a problem in just the USA it's a problem across the world. The saving rates France, Britain, Italy, Germany, and Japan have all gone down.

How does the gov. get money?

Program", Social security checks, and other government We as a people are charged a lot by both the state and the government(taxes). It is usually put to good use because it can help out the country or you individually. It pays for "The Special Supplemental Nutrition Program for Women, Infants, and Children - better known as the WICassisting programs. There is a federal tax which includes income, excise,estate, gift and payroll taxes.There is a tax on inheritances taken by the state(inheritance tax).There is also a thing called property tax which is a tax on important things you need like a car or a house.

Student loans-beware

Read the article and some of the blog comments about student loans. Why do you think some of these culinary school students took out such large student loans? What is your feeling on student loans? Do you plan on taking out any student loans? If so - for approximately how much?

I think that these culinary students took out such big loans because they thought that when they got out of college they could pay back the amount that they have taken out. Personally i am not a big fan of taking out a loan. It can mess up your financial standing. I don't plan on taking out any student loans because i got a couple of grants.

how to save money

The article was about how expensive it is after college. It talks about how you should start saving money because it will all eventually add up to a substantial amount. I think that this a very good piece of advice. to save i can cut down on buying Chinese food. I could stand to use less electricity.

US TRADE DEFICIT: Getting better?

The article talks about the trade deficit and trading all over the world. A Trade deficit is a negative balance of trade as in (for example) trade. The US trade deficit is slated to go down because there will be less trading and we will have more imports than exports. Less people will be employed probably. It doesn't matter you spend, it will still help the economy to go up because the more people spend the higher the economy will get up. China's economy will now improve now that they have McDonald's and KFC to help bring the economy higher.

Compound interest and the rule of 72

The rule of 72 is like a math formula. It helps to determine how long an investment takes to double. When I say the rule of 72 is like a math formula, is because investors divide 72 an amount of years to get an estimate of how many years it will take for the initial investment to duplicate itself. Interest which is calculated not only on the initial principal but also the accumulated interest of prior periods.

By using a compound interest calculator, we make money not only out of our initial amount of money, but also on the interest we made the first time. It sounds a little confusing but it is not.
Well I'm going to try to explain it in easier words. Let say I invest 100.00 dollars and the interest rate is 10% in one year I will make 200.00 dollars. The second year my interest rate of 10% will apply on the 200.00 dollars not on my initial amount of money.