How “Brexit” Plunged World Economies

“Brexit”

One thing investors love, is stability.

The smartest investors often analyze trends, patterns, and other movements in the market in which they invest, allowing them to either invest or withdraw their investment, thus driving market stocks and value.

Britain just voted to exit the European Union, coining the term, “Brexit”, and it shook markets and investors worldwide.

European bank shares had their worst two day fall on record and the British pound fell to it’s lowest level in 31 years, Reuters reported.

You read that correctly, a political vote actually decreased the value of money worldwide.

What is in store for the United States economy since the Brexit confusion?

Are you secure in your investments, and does your family have a financial plan in case of economical collapse?

Tom Sirois of Berkshire Hills Financial can help you get on the right track.

Call today.

Ways to Cut Down Debt

Buried in credit card debt?

The average American lies about their credit card debt, on average claiming that they have 40% of debt less than they actually do.

Some people take charge of their financial future using a couple of quick and simple methods to pay off their debt on a fast track program.

One such couple is the Kelly’s.

They had over $65,000 in debt, and paid it off within a year.

How, you may ask?

Cut out the unnecessary expenses, and commit to a budget.

Yard sales, garage sales, etc. can lead to a huge return on stuff you forgot you even had. Those extra funds can be allocated into paying off debt.

Cutting down on entertainment and other expenses to a friendly weekly budget could save you thousands of dollars a year. Make a budget and stick to it. Missing out on that movie won’t hurt you, and you could always see it when it goes on Netflix.

Food is always expensive. Opt for more home cooked meals. Casseroles and anything chicken based tends to be more cost effective, and also more healthy for you in the long run than beef or other carcinogenic meats.

Drinking water. It’s an abundant resource, but with just 12 cans of soda costing more than $4 in some places, that could cut your weekly expenses back to $40 or more a week, which translates into $160 a month to be put towards debt. Not only will your debt shrink, but your waistline will trim down too, and you can finally fit that swimsuit you always wanted to wear.

Cutting down debt isn’t impossible, it just takes commitment and dedication.