how to gamble responsibly

Gambling is something that millions of people around the world do these days due to online casinos being freely available at any time you want. In order to access these all you need is a connection to the Internet and a type of web browser. Because of this there are now more people than ever gambling daily however this also leads to more people regretting their decision to gamble and feel bad about the amount of money they lose. Creating a good environment for yourself and gambling responsibly online in which you feel safe and secure in the knowledge that you are not overspending is critical for enjoying your time at an online casino like http://www.gamingclub.com/ca/casino-games.

In order to do this it’s quite simple as there are many websites solely devoted to finding out which online casinos are safe and secure as well is which of these has the best games for you to play. These websites take it into their own hands to put real money into each online casino in order to make sure that nobody tries to steal any details or do anything with their money. After this they then go on to review of tons of the games on the websites in order to give you a good feeling of what they can offer. All of this together will allow you to make the best possible decision as to which website suits you the most.

Once you have a website that you feel safe and secure in you should then work out how much money you’re going to spend and gambling as this is quite important for responsible gambling. What we mean by this is that most people actually think of gambling as money they will get back rather than money they are spending and this is the wrong way to think about it. As of your monthly pay you should work out how much you’re willing to spend on gambling and then never spend over that amount. This will keep gambling fun and fresh and will never allow you to feel bad about the hobby itself.

Making Ends Meet During Prolonged Unemployment

unemployed

unemployed

The American job market is fairly grim, and one of the hardest aspects of unemployment in the new millennium is the length of time workers are going without a job.  According to a recent Labor Department study reported in the New York Times, the average length of unemployment has now surged to approximately 40 weeks.  Unfortunately, that amount of time spent pounding the pavement is not only demoralizing, but it’s also extremely tough on a family’s budget.  Here are some very important methods for keeping afloat while you work to find your next job:

1.  Register for unemployment.  There is good news and bad news when it comes to unemployment.  Even if you did not immediately file for benefits after you lost your job, that does not necessarily mean it’s too late to take advantage of unemployment.  So if you believed that your period of unemployment would be a quick blip rather than a weeks-long (or longer) phase of job-searching, you can still qualify for benefits.

The bad news is that unemployment benefits have fairly low dollar amount caps that differ from state-to-state.  The average unemployment check nationwide tops out at $270 per week.  So the money you receive from this program can help, but do not expect it to replace your income.

2.  Make your budget your new best friend.  One silver lining to the big fat hairy storm cloud of unemployment is that it forces you to differentiate between your wants and your needs.  While denying yourself retail therapy and dinners out is hardly fun at the time, many families find that Thoreau was absolutely right and living simply is much more satisfying.  It also establishes the excellent habit of tracking your spending, which is something that will help you both weather any future financial upsets and keep you on track with all of your money goals.

3.  Find alternative ways to make money.  Most American attics, basements and garages are full to bursting with items the owners don’t even remember buying.  Hold an old-fashioned yard sale (or a virtual one via Craig’s List or Ebay) and sell off that old bread machine, exercise bike and tie rack you only used once each.  Don’t worry about seeing your stuff sell for less than you paid for it.  It’s still worth more to you in someone else’s hands.

You can also look for small ways you can add to your income while you’re looking for a job in your field.  Baby-sitting, dog walking, handyman repairs and house-sitting are all services you could provide that would not take away from your job search.  As a bonus, doing this kind of work will also get you out and talking to new people, and networking really is the best way to find a new job.

4.  Talk to your creditors.  If you simply do not know how you will get all of your bills paid, it’s time to have a chat with your lender.  Creditors would prefer to have an open and honest discussion with you about what you can and can’t handle financially than sic a collection agent on you.  Even the most monolithic of banks is still made up of people who do not want to see you default, and letting them know that you are struggling will assure them that you are responsible and fully intend to take care of your debts.  Simply not paying your bills gives them no such assurance.

Keeping your finances on track after a lay-off is not an easy prospect, but getting through it will give you confidence that you can handle anything life throws at you.

Emily Guy Birken is a freelance writer and stay-at-home-mother in Lafayette, Indiana.  Her musings on life and parenting can be found at The SAHMnambulist.

Attribution Some rights reserved by jronaldlee

Lessons From an Economic Downturn

bad economy

bad economy

As much as I hate to admit it, I tend to be a head-in-the-sand type when it comes to bad news.  I stopped reading the news after I found each day’s trending articles were upsetting me so much that I couldn’t focus on my own work.  And although I am the daughter of a financial planner and have had a lifelong interest in money and investment, I have simply stopped paying any attention to the recent stream of bad news about our economy.  I don’t feel particularly mature for this attitude, but sticking my fingers in my ears and singing “la la la” seems to be working for me.

And, as it turns out, it’s not entirely a bad idea for the average investor when all the news about finance seems to be negative.  I am insulating myself from both panic and panic-driven impulse decisions by ignoring the news.  Since investing is a waiting game, it shows good financial sense when you refuse to be swayed by momentary hysteria.

Weathering an economic downturn is not anyone’s idea of fun, but it can help you to become a better investor—and not just because it helps you to determine when to ignore trends and when to jump on them.  Here are three more important lessons to take away from the current trouble with the economy:

Lesson 1: Diversify!

A diverse portfolio is a healthy one, and it can be no more apparent than when everyone is experiencing a downturn.  If you have a well-diversified investment portfolio, chances are that not everything will be doing poorly all at once, even in a down market.  If ever you see that everything you have is going down, then it’s time to spread your eggs out to several different baskets.

Lesson 2: Know your risk tolerance.

There is no such thing as a risk-free investment.  (I personally believe that this sentence should be embroidered on pillows and given out to investors—along with “This too shall pass” on the reverse side of the pillow).  Thinking that anything is a sure thing is a sure way to delude and disappoint yourself.  A better strategy for dealing with the risk inherent in investment is to know yourself and decide how much risk you can tolerate—while recognizing that lower risk equals lower returns.

For the most part, risk-averse investors are currently watching their (slow-growing) investments at least maintain their value, while the riskier investments taken by devil-may-care investors are tanking.  If you are feeling heart palpitations over your risky investments because of how poorly they’re currently doing, then you haven’t been true to your risk aversion.  Know that nothing is a sure thing and dial back the risky investments a bit.

Lesson 3: Keep some money liquid

Down markets can offer some great bargains on normally high-performing investments.  If you keep some of the money you intend to invest easily accessible in a CD or money market account, you can take advantage of these opportunities while many others are running around shouting about the sky falling.  Taking advantage of the money to be made during a bear market not only requires a cool head, but also some cold hard cash for investing.  Keeping both will set you apart from many others—and help you to maintain your portfolio no matter the vagaries of the market.

Ultimately, it’s important for Americans to recognize that bleak economic news does not signify the end of the world, no matter what the talking heads on television might say.

Emily Guy Birken is a freelance writer and stay-at-home-mother in Lafayette, Indiana.  Her musings on life and parenting can be found at The SAHMnambulist.

Photo Attribution Some rights reserved by spDuchamp