As anyone who has ever done so will tell you, balancing a budget takes a combination of skill and luck. If the budget is tight, it only takes an unexpected price increase in one of the key budget components to send the whole budget into collapse mode. And that is what is happening exactly to many UK families, as they struggle to keep their keep their heads above water during the current financial crisis which is ravaging the country.
With the cost of fuel on the rise, and interest rates following suit, the one area where cut backs looked as if they could be made was on the food budget, now this also seems like a task that will be extremely difficult.
Statistics show that a basic food basket for an average family is rising at around 1% per cent every month. That adds up to twelve per cent a year.
It is estimated that food costs amount to 13% of a family’s annual budget, a figure that is difficult to stand by, and one that leaves very little margin for error. Once this important cost factor moves out of control, it causes the entire family budget to become unstable and inevitably brings about a “knock on” effect.
But what can a family do to protect themselves against price increases on such basics as fresh fruit and vegetables that rose by up to15.9 per cent in the last twelve months, and meat and fish that went up in price by seven per cent.
Economists are quick to point out that these increases are particularly felt among those at the lower end of the income scale. These percentage increases represent a much higher proportion of the take home pay of most UK families in the lower income bracket. The ones who are finding it hardest to cope in any case.
Many of these families are finding that there is little or no alternative to hedging against this food driven inflation than to find a way of increasing their income.
So what sources can be discovered to derive this extra income? Many breadwinners are quite happy to take additional part time jobs, or as much overtime as their employers will give them to put some extra food on the table. For families with young children the task becomes more difficult, and even the grandparents are called in to carry out babysitting assignments, while both parents work. Hardly an ideal situation, yet one that looks like being part of the reality of 21st century Britain.
And after putting in all these extra hours, these dedicated people are shocked to discover that the UK tax man has seen fit to regard this income as taxable, leaving very little in the wage packet to supplement the food budget. A vicious circle that can only be described as unfair and even cruel, causing many people to join a rapidly swelling black economy.
Rather than take this drastic step, many more have found themselves participating in an internet driven program that allows them to enter considerable income in the security and comfort of their own home, with the children tucked up quietly in bed. This has been made possible due to the imagination and initiative of an ex-city trader, Rajeev Shah, who has developed a software program that guarantees extra income with no financial risk. Income that will not only insure that the family budget remains balanced but also allow an average family to begin to put some money aside for a rainy day.
All that is required is the use of a computer, some basic computer skills and access to a broadband link to the internet. The bulk of the work is carried out by Rajeev’s smart software program that goes under the title of ArbAlarm. ArbAlarm is based around the hottest internet niche of sports betting.
Shah first began to apply the experience he gained as an interest-rate arbitrageur working with some of the largest banks in the City a few years ago, and wrote about it in his book ‘ Sports-Arbitrage – How to Place Riskless Bets and Create Tax-Free Investments‘. Later he put his theories into practice with the development of his software, and now his knowledge is available to all.
ArbAlarm software operates so that it keeps track of sporting events all over the World and around the clock. When different bookmaker’s odds overlap, the software picks up on this and signals accordingly, providing the opportunity to place bets on any possible outcome of the event, with a guaranteed profit. The software is very user friendly, allowing anyone to soon have it under control.
And not only that, all earnings through sports arbitrage trading are classed as free from all forms of taxation by the UK Tax Authorities. If you want to find a way to get you and your family back to eating well and healthy, you should find out a little more about the benefits of sports arbitrage trading.
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