Is There Any Value in Investing in Australian Silver Coins?

Are silver coins a good investment and should you buy them? This is a tricky question to answer–especially the second part of it–but there are some genuine reasons that advocate buying and investing in silver coins. So, what are the things that make buying/investing in silver coins a good choice? Let’s find out.
Investing in Silver coin

Why Investing in Silver Coins Makes Sense

Investing in Australian silver coins is a good choice and here’s why: what goes up must come down. This is both the law of nature and the law of gravity. This law also holds true for the physical world and the financial markets, and you don’t need an above average IQ to figure all of this out. Observe the stock market and you’ll see the market increasing and then correcting itself. This is a pattern that you can easily predict. However, predicting the timing of such patterns is extremely difficult for most people. If that wasn’t the case, we would have thousands, if not millions, of billionaires today.
The reality is that no one can accurately predict the pattern of the market. For this reason, investing in the stock market is extremely risky. However, there is a good news: you don’t have to enter the market completely unprotected. Regardless of how the market plays, you will be in a fairly safe place if you invest in precious metals such as silver coins. In addition to the above, there are some other reasons to invest in silver coins. Let’s take a look at them.

Rising Demand

Each day, we’re witnessing a surge in the demand for silver coins and it won’t be long before there is a sliver-coin shortage. You could make a substantial profit from your investment if you hold silver coins at that time. In short, the rising demand for the coin is a great reason for you to invest in silver coins.

Tax Free Investment

As they are classified as bullion coins, pure silver coins in Australia are free from government standard tax or GST. This makes them a great investment. However, it is important to know that not all silver coins are considered pure. So, if buy coins that aren’t 99.99% pure, you may have to pay tax for holding them.

You Can Use It as Real Money

Unlike investments such as futures, ETFs or certificates, physical silver such as silver coins can be used as money to buy and sell. Just like gold coins, silver coins can hold their intrinsic value across cultures and across time. This makes buying/investing in silver coins a good choice.

Cheap to Buy

Unlike gold coins, silver coins aren’t out of range for most people. An Oz of silver coin costs significantly less than the same of a gold coin. So, silver coins should be your automatic choice if you’re looking for a cheap precious metal to invest in.
There’s value in investing in silver coins and the aforementioned-things are the reason why.

Secrets of Personal Budget Management

Managing a personal budget isn’t easy as there are just so many tantalizing items out there that have to be bought right away. Of course, this is not the case and most things that people buy don’t have to be bought. It can be hard to control these urges, but through a personal budget, as well as the proper management of it, then pennies can be saved and a significant amount of money can be put away for a rainy day. Budget management is a great problem for many people and it even worth being written about in some custom essay or research paper.

Budget Management

Actually Creating a Budget

The problem that many people encounter when trying to curb their wasteful spending is that they don’t have a budget to begin with. Arrogance when it comes to making a budget often stands in the way of it as people tend to believe that they can handle everything themselves without any problems. Once it goes wrong that’s when people start to make budgets. Start early and stay clear of the problems.

Begin by looking at exactly what’s coming in on a monthly basis. It’s unwise to use the yearly figures as these can change and throw any budget out of its correct orientation. Once the amount that’s coming into a household every month has been found then look at the amount that’s going out. On a side note, remember to take into account any tax or insurance contributions.

Personal Budget Management

The hardest part is figuring out every single expense out there. Start with the easy ones. Look at the bills that go out every month. Grab the latest statement for a mobile phone contract, electric, gas, water, and the Internet. Add all of these up and that can form the initial outgoings.

When it comes to the food bill a rough estimate is usually required as not everybody purchases the same things every week. Take the latest receipt and add a little extra on to it to cover for those treats and other rare culinary delights.

Whatever is left over is what people have to play with every month before they start going into debt.

Savings

Everybody needs some cash reserves to cover any emergencies. Anybody in any job could lose everything in the space of 24 hours. Failure to have any savings is going to mean that poverty, and even starvation, becomes a very real possibility.

The best way to handle this is to pay out roughly 5-10% of each month’s salary to a savings account. In fact, it’s often better to deduct this prior to paying any bills because if any minor hardship commences then it will be the savings fund that doesn’t make it to the bank. If it’s deducted and deposited before anything can be spent then this money is guaranteed every month.

Investments

Spending money is the key to making money. Higher risks will yield greater rewards, and that’s why investing should be a part of anybody’s personal budget management. Cut down on the disposable income and put the money into something. For some people it can be as risky as the stock market and for others it can be as simple as spread betting for minor gains. The choice is really up to the individual and what they feel comfortable with.

Insurance Review

It’s amazing just how many people spend too much on insurance. There are always risks, but it’s all about taking calculated risks to make money. The fact of the matter is that if all the headlines are to be believed then going without any of the insurance policies in existence would be essentially preparing for disaster. Take a look at the amount of money that’s been spent on insurance and cut the policies that are not directly relevant. Having cover for a flood in an area that hasn’t had a flood in over a century is not a good idea. Cut it out and invest the money elsewhere.

Pay Cash

For those irregular expenses keep a suitable amount of cash in a wallet. It’s a well-known fact that people are less inclined to part with their cash than they are to simply swipe a credit card through a machine. Utilising symbolism in this way is a devastating way to stamp down on those impulse expenses that work to ruin any good budget.


Online Money Transfers – Making Life Easy

When was the last time you visited a bank? Or deposited a check? Or even visited the nearest ATM for money withdrawal? It is surprising that how with the advancement of digital technology, our need for traditional banking facilities has reduced drastically over time. And it’s probably for the good?
Online banking does offer an uncontrollable convenience, which has actually made our lives much simpler and stress-free than ever before. Imagine getting off the couch on your weekly off, travel some god for sake kilometers to visit your bank branch, and deposit a minuscule amount and go through all that hassle for peanuts. It is only worthwhile when either you have millions of dollars in your bank account already, or you are about to deposit a million dollars into somebody’s bank account at least! In short, online money transfers are the epitome of truly advanced and digitized technology that is ruling the traditional and current banking system all over the world. And why mustn’t we exploit it?!
Online money transfer systems have opened its doors for mind-boggled people like us who either do not understand the technicalities of complex banking systems or simply just don’t have the time to visit a bank every now and then.
Online Money Transfer

 
And why you must opt for online money transfers? You will find the answers right below.

Shopping!

Shopping here refers to e-commerce. And online money transfers have successfully helped thee-commerce industry grow while acquainting consumers more with e-business and realize the online shopping and purchasing power. The online banking system has made it more than easy for us to purchase whatever we like from wherever we want, just by filling in some basic details, personal information, and your Social Security Number.
Also, online transactions on e-commerce website are completely safe and genuine, so your money is protected at all times. Most people love shopping online since online money transfers and banking system has made it so much easy for us!

E-Checks

Unlike the traditional way of signing a check and authorizing the other party to withdraw funds from your account on the basis of that check, e-checks again make you go online and do the same thing, but paperless!
In case you wish to generate a check for someone, you can just visit your bank’s website, input the payee’s name, account name and number and the money will be transferred to the other without you having to blink an eye! In other words, a check is now generated online which saves people the hassle of visiting the bank and having to go through the time-consuming procedures of depositing and authorizing the check.

Mobile transfers

This is one such online money transfer system that does not involve credit/debit cards, checks or any other form of traditional banking facility. Any online purchases or transaction details are sent directly to the customer’s mobile phone and the amount for which is also added to the monthly mobile bill payment of the customer. That’s cool, isn’t it?
The mobile payment system has become quite popular and common as everything becomes just a button away, right from receiving/sending money to paying off your bills and other charges. Thanks to the efficiency of communications technology and cellphone service carriers that have made it possible to transfer money solely through an SMS on our mobile phones and the added convenience of receiving online purchases and charges in the form of your mobile phone bill.

Email money transfer

Email money transfers are considered to be the safest of all! Any amount of funds can be transferred to a user’s account and the online bank service’s account just by an e-mail.  On transferring funds or any other online transaction, you receive a notification on your e-mail. Because only notifications are sent to email addresses, e-mail money transfer system is considered to be a safe and secure way of transferring funds and money online.

Using bank accounts

Funds can be transferred directly within and amongst bank accounts online and do not even require a credit or debit card most of the times. Although, debit card payments are mostly preferred by online sellers and e-businesses as apartof their e-commerce payment chain, online bank transfers are comparatively simpler and quicker. All authorization and verification are done on the seller’s bank, and ideally, all records and personal details pertaining to your bank account become void once the transaction/s have been completed. A pretty trustworthy and reliable banking procedure indeed!
Overall, online banking has opened a plethora of options for us, with online money transfer being one of the most promising of them all. With the increasing popularity and demand for online banking facilities, transferring money online has become quite a safe and secure indulgence these days. However, always ensure to exercise some precaution while making transactions online and try your best to steer clear of frauds, thieves, hackers, phishers, and other sources that might just take you for a ride!