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A Resource for Personal Finance and Money

Welcome to money dojo, a site dedicated to money and personal finance. We will be posting articles that we hope will educate, inform and demystify the world money. It is more important than ever to gain knowledge about your finances with pressures like recessions, inflation and problems with governments. We all use and purchase financial products and some are even legally required like car insurance and building insurance. Most of us have mortgages, bank accounts and pensions and even when we want to go on holiday we need to exchange our money into a foreign currency. Get educated in the art of money with us at


UK Sellers Benefit From Weaker Pound When Selling Overseas

Lots of modern businesses are now bringing in customers via the internet. For some it is an add-on to their main geographical business, while for others it is their sole means of income. There are certainly plenty of perks to doing business online.

One of the main perks is that you are able to sell goods and services to people all over the world. This can mean doing business in different currencies, although if you sell to people and accept payments via PayPal it is generally the buyer who will convert their currency to yours when making payment.

You have no doubt read about the state of the British pound lately. It hasn’t always been at its strongest, but the good news is that when it is weaker on the world markets it can attract more business. For example many online sellers based in the UK have found that their recent sales have included more foreign buyers, thanks to the state of our own currency. You can see that a poor pound may not be good for us when we want to change it up to go abroad on holiday, but it can still be good for business.

So this time we are in now could turn out to be a good one for people who are looking to build their online business and bring in customers from all around the world. Obviously some areas, such as those which have the Euro, will be more attracted to the weakness of the pound than others. But it is interesting to keep an eye on this area so we can see whether our home grown internet businesses will benefit from having a healthy or a poor currency.

You might think that buyers from other countries have to pay more in postage to get their goods from the UK. This would be true, since they have to pay more than they would to receive the same item from their own country. So perhaps the growth in business depends on what you happen to be selling as well. If you sell unusual things that are not always easy to get hold of in other countries, you could find yourself with a nice flood of sterling coming into your PayPal account as a result.

The situation may be different when you are selling services though. Many UK online workers charge in US dollars, since this appears to be the currency used most often online. If you charge in dollars you have probably noticed that the amount you are getting when exchanged into pounds has been a little less lately than it was a few months ago. Sellers in this position would have been rejoicing when the pound was down to less than 1.50 in dollars. They would have been paid more than they were when they were seeing a two dollar pound.

So you see there are interesting exchange rate situations occurring for those who are working and getting paid online. Are you among them, and do you know how the latest news about sterling is affecting you?


The Basics You Need To Know About A Reverse Mortgage

If you calculate your retirement income and find out that you may not have enough money coming in to keep up your standard of living, you will need another income. You do not want to work so how will you receive another income, one solution could be a reverse mortgage. Stated below are a few details about the basics of a reverse mortgage and what it has to offer you as well as where it falls short.

A reverse mortgage is just as it sounds an opposite mortgage, where you are paid for your home instead of you paying. This mortgage payment only applies to people 62 or older and the exact amount of money is dependent on a few things such as your neighborhood and the value of your home. This is a way to receive a little extra or a lot of extra cash during retirement, but what about your children.

Many people want to leave their children the house they grew up in and it is a possibility with a reverse mortgage that your children will have to pay the difference if the house sells for less than previously loaned out. If you are looking out for your children then a reverse mortgage may not be the way to go, but if you are looking out for yourself then it is a possibility. You can look at a reverse mortgage calculator online in order to see what the exact amount of money you could receive.

If you are willing to think ahead and you are not yet too old then you may want to look into other ways of saving money so you do not have to resort to a reverse mortgage. Putting money back in a retirement fund that gains a good amount of interest is always a better plan because with a reverse mortgage comes high fees, as much as five percent. The safest and most guaranteed way to receive money during retirement is an individual retirement account, look into it.


How to Find Travel Insurance Over 70

These days you can find all kinds of insurance for travelers of various age groups. There are those for young individuals, for those aged 65 and travel insurance over 70. But no matter how old you are, we can’t deny the importance of travel insurance because whether you are […] Continue Reading…

Debt Management

Clear Debt Today

To clear debt, one must be aware of his situation. With the many options available for the resolution of this problem, it is important to choose the option which would be best for a person’s situation. It must be remembered that every person’s situation is different from […] Continue Reading…


How to Be A Successful Forex Trader

Have you ever found yourself reading those various success stories of money traders on those money magazines and wishing that you would come upon the same luck as them? Luck actually has little to do with becoming a winner, and successful forex trading is the key.
So how can […] Continue Reading…


Advantages of Future Forex Trading over Currency Futures Trading

For the beginner in the field of currency exchange and the world of Forex, it is important to know the types of trading available, and the pros and cons of each type of trading available. The two main types of currency trading are future forex trading and currency futures […] Continue Reading…


Building Business Credit – Strengthen the Sources of Your Finances

Building business credit is one excellent way to strengthen the sources of your finances for your business. We all acknowledge the fact that in the business world, one valuable element any business enterprise should have is business capital. The fund is used to materialize any operation or undertaking the […] Continue Reading…

Credit Cards

Managing your Reputation and your Credit

The reason why companies should ensure that they have a good consumer reputation is obvious. Without a good reputation it will be nearly impossible to attract new customers. Since no business can survive for long without customers, it is essential that every business ensures that it takes care of […] Continue Reading…

Banking Saving

Tips to Follow When Opening a New Checking Account

If you plan on opening a new checking anytime in the near future you should start doing your research now so that you don’t just jump into it and make the wrong decision. When it comes to opening a new bank account some people simply head down to their […] Continue Reading…


Investing In Gold Etfs

Investing in gold exchanged traded funds is one way to diversify your portfolio and prepare for retirement. The process is not hard to do but you must do research to learn the basics about investing in gold exchanged traded funds. Simply put, the funds you buy will track the […] Continue Reading…