Money

Responsible for a Cybersecurity Budget? Top Notch Ways to Spend Your Money

Responsible for a Cybersecurity Budget? Top Notch Ways to Spend Your Money

Last year was a bad year for cyber crime. In the UK alone, there were more than 5.1 million incidences of online fraud and 2.5 million cybercrime offences. And one of the primary victims of all this crime is businesses.

Protecting your business against cybercrime has never been a more pertinent issue. Your company could be the next target for criminals. Right now there are multiple channels through which cyber criminals are targeting businesses. First of all, there are the social engineers. These are the people who dream up schemes as a way to get valuable information from people. They’re creative types, and hard to predict. Then there are the hackers. These people don’t bother coming up with some elaborate con scheme. They look for exploits in your business IT system that they can leverage to gain access to your data. Finally, there are the programmers. These guys are in the business of writing viruses to bring down company servers and systems.

Because the threat from cyber criminals has never been greater, companies are looking for ways to protect themselves. According to the Wall Street Journal, big business is investing billions into the effort. If you’re responsible for a security budget, here’s where to spend your money.

Setup A Phishing Experiment

Phishing is a popular way for criminals gain access to sensitive company information. Phishing is very much like any other con trick. It seeks to convince people that it is a legitimate communication. And then it builds up enough trust for them to start giving out sensitive information. Clearly, this is dangerous for companies who care about the integrity of their data.

One of the biggest entry points for sensitive information is your business’s employees. This is something that JP Morgan recognised after had a data breach earlier this year.

JP Morgan decided to respond with a phishing attempt all of its own. It sent out a quarter of a million fake phishing emails to its employees to see what they would do. To its surprise, the firm found that employees opened a phishing email about 20 percent of the time. The company declined to say how many employees responded to the emails. But it was a severe enough demonstration of security failing that the company took immediate action.

After the experiment, employees were banned from using their work emails for personal use. And the company decided to invest a further $500 million into its online security apparatus. The phishing experiment revealed that the company was vulnerable through its employees. It served as a call-to-action to the board of directors and got security to the top of the agenda.

Employee Training

800px-Afghan_Logistics_Training_(4849145422) (1)

commons.wikimedia.org

Many companies have employees who use social media. Professional social media sites should be about networking and growing businesses. But they’re also a big target for hackers. The problem is that many employees don’t realise just how much information they give out. Information comes out in dribs and drabs, not all at once. So it can be deceiving. And yet, all this information can quite easily be collected by hackers and pieced together. Hackers with a fuller set of information can then use this to their advantage to hack company IT systems.

Employee errors are no small part of the business cyber security picture. Recently the Association of Corporate Counsel found that almost a third of data breaches are the fault of workers. And it’s usually because staff simply don’t know how what they’re doing affects security. Often it’s the simple and innocent things that have the biggest detrimental impact. For instance, employees who send sensitive information on home networks without the same level of security. Or employees who access client data and then take those data home with them. (This recently happened to Morgan Stanley).

Training, therefore, helps employees see some of the non-obvious ways their behaviour impacts security.

Expert Consulting

Once you’ve convinced the board security is an issue, and trained your staff, what’s next? To bolster your existing systems, of course. But should you go about doing that? Every business is different. And, therefore, every business has different security needs. Some companies only need protection for their back-end systems: they don’t collect customer data. Others need vaulted servers to protect mission critical data.

Here’s where the value of technology consulting becomes obvious. For any business to have an effective security strategy, it needs expertise. Understanding the company’s strengths and weaknesses is imperative if the company is going to be viable.

consulting-1292327_960_720

pixabay.com

The first thing to discuss with a consultant is the type of threats your business is likely to face. If your business is high profile or controversial, it’s likely that you’ll face a threat from botnets. The idea behind botnets is to drain your company of processing power. Here your web server is pinged from multiple locations millions of times a second. As a result, it starts to lose performance. And in extreme circumstances, it can be brought down.

These denial-of-service attacks are designed to prevent your business from carrying out its operations. They can also harvest capacity from your IT resources, bringing down your productivity. And so it’s essential that they aren’t allowed to run their course. Proactive maintenance of systems by a third party is an excellent way to prevent attacks from getting out of control.

If your business has valuable data, hackers might try to use trojan horses. The idea here is to gain backdoor access to your business systems. Hackers will try to harvest your email lists, erase your data or get customer information. Here again, consultants can help you to identify the problem and point you in the direction of how to deal with it.

Focus On Improving Security In Non-Computer Devices

The latest frontier in the battle between companies and criminals is the internet of things. It’s not just computers anymore that are subject to hacking. According to the Cybersecurity Market Report, it’s things too. There are now whole sub-markets that are connected to traditional IT infrastructure. Things like smart and the industrial internet are new technologies. But they aren’t adequately protected by existing ecosystems. Hence, there’s now a significant risk that businesses in these sectors will suffer catastrophic breaches.

Companies need to spend more on making sure that smart devices are as secure as the rest of their network. Criminals will exploit any weakness in your smart device network.

network-782707_960_720

pixabay.com

Hire Ethical Hackers

Investor’s Business Daily recently reported cybersecurity spending would balloon over the next half decade. It’s expected to top $1 trillion between 2017 and 2021. Driving that trend, they propose, will be a rise in businesses hiring hackers to test their own systems. These freelance hackers will be put to work, testing whether companies can withstand an attack.

800px-Hackers_in_room

commons.wikimedia.org

But the focus is, again, going to be on the internet of things. Industry tracker, Cybersecurity Ventures, predicts double-digit growth in the sector going forward. It also predicts that protecting the IoT will, ironically, fall to hackers.

The good news is that educational institutions have been training people to hack for years now. And there’s a large pool of ethical hackers for businesses to choose from. Hackers can be hired to do all sorts of things to help your company. But the most common use is for highlighting data protection issues. Hackers are usually assigned the task of breaching company data. Along they way, they help to expose weaknesses in company defences. And these shortcomings can then be targeted for improvement. Most of the time, weaknesses are on the employee end of the spectrum. But sometimes you’ll find fault with password encryption and server access.

Redesign Cyber Security Systems

Lastly, it’s time for a reality check. Companies are spending more money than ever on protecting themselves from cybercrime. And yet the average loss following a breach has risen to $7 million. That suggests that the industry is doing something wrong when it comes to spending their money. According to PwC’s cybercrime report, 47 percent of companies are putting money into new technologies. But far fewer companies are thinking about their cyber security strategies. The effect of this is that companies are putting their money into technologies that probably aren’t helping them. Too few companies are stepping back and assessing the risk that they face, and how those risks have changed.

So here’s how to spend your money. First, generate a risk-based cybersecurity framework that’s adaptable. Seek professional advice if you need to. Make sure that your company knows the specific risks that affect the sector. And find out what are the latest tactics being used by cyber criminals.

castle-1083570_960_720

pixabay.com

Second, share knowledge with other companies about the state of your cyber security. Only 15 percent of enterprises told PwC that knowledge sharing was a priority for them. And so it’s clear that many businesses aren’t leveraging existing relationships.

Finally, involve all stakeholders in discussions of cyber security threats. Partners, outside experts and the board should all contribute to the process. Including everybody in your strategy helps you to avoid wasting money and resources.


The Worst Advice You Could Ever Get About Finance

The Worst Advice You Could Ever Get About Finance

We could all do with some financial advice at one point or another in our lives. But how can you be sure that the stuff you’re hearing isn’t a bunch of baloney? To help you make your decisions yourselves, we’ve collected some of the worst financial advice we’ve ever heard. So if someone tells you one of these points, don’t listen to them. You’ll certainly thank us later!

pexels-photo-large

Photo Source

Use Your Student Loan For Everything

This point is mainly for all you students out there. If someone says that you should max out your student loan and use it for as much as possible, don’t take the advice. Sure, it may be great at the time, and you will be able to have a blast at university or college. However, it will come back to sting you in a few years time when you are desperately trying to pay it back. If possible, try and save up for your studies before you embark on them. This will give you some extra cash to play with!

Buy; Don’t Rent

These days, the property market is saturated with investors. Just take a look at real estate investor websites to see just how lucrative it is! However, if you are a first-time buyer, you might find it difficult to get your foot on the ladder. But, thanks to all the property investors, that means that there are plenty of affordable rental properties. Unless you are planning on staying in your next place for more than five years, it makes more sense to rent in the current climate. It also takes the pressure off from trying to save for a deposit right now if you can’t afford to.

black-and-white-people-bar-men-large

Photo Source

Get Your Life Insurance Before You Are Uninsurable

You might have heard that some insurance firms don’t like to give out life insurance policies to anyone who is uninsurable. How do you know if you are uninsurable? Many people think it is once you reach a certain age or suffer from a chronic illness. However, this simply isn’t the case anymore. In fact, some insurance salesmen will be so desperate to hit their commission; they will give a policy to everyone and anyone!

You Should Focus On Retiring Early

This piece of advice isn’t a particularly bad thing to tell people. However, as the years go on, it is becoming more and more achievable. These days, people have to work for longer so that they can afford to retire. So don’t try and work towards early retirement if it isn’t something within your reach. Instead of your end game being early retirement, you should focus on your investments. Think of an investment goal and work towards that.

Buy New Cars That Will Last Longer

It’s true that a new car will last you much longer than a used one. In fact, they often last for a decade. However, its value will depreciate in the first few years of owning it. So once you are ready to sell up after a decade or so, you might not get much money for it if you sell it second hand.


Four Clear Signs You’re NOT Ready To Buy Your First Home

Four Clear Signs You’re NOT Ready To Buy Your First Home

First home

Many of us follow traditional career paths. We go through the educational system, eventually concluding by jumping into the world of work. It’s during this period of transition that we start considering where we’re going to live. It’s time to leave the nest, but is renting or buying a home the best option? It all depends on the situation, of course. If you’re feeling confused, follow our tips to help make your decision!

debt relief

#2

You’re In Debt

This is an obvious one! If you’re in debt, you haven’t got the money to be spending on buying a home. Purchasing a house is a massive consideration and one that can easily leave you with more debt in the future. First, you need to banish those current repayments as quickly as possible. Consider researching the Obama loan forgiveness scheme, and find ways to repair your credit if it has been damaged. For now, this is the most important consideration.

Future

#3

You’re Unsure About The Future

When you leave the educational system, you might feel a little uneasy. Some people seamlessly transition into the next phase of their career, of course. However, others stagnate and grow disillusioned. It might be that you seek a totally different career path entirely. Alternatively, you might need to look further afield to gain employment in your chosen area. If the future isn’t clear, you don’t want to jump into a decision like this. Buying a house is expensive, and selling it can be extremely difficult. Until you know where your future lies, you need to wait.

#4

The Negatives Outweigh The Positives

Sometimes, there just isn’t a good reason to buy your first home. For those who live on their own, buying a big home with multiple bedrooms isn’t worth it. Alternatively, it might just be that the house prices in your area are unreasonable. You don’t know what’s going to happen in the future, so for now, wait it out. There’s no shame in renting a home until a better opportunity comes along. Write down a list of pros and cons. If the cons are the most prominent, save your home-buying ventures for another time.

#5

You’ve Never Lived On Your Own Before

If you’ve spent your whole life living with your parents, it’s going to be difficult making the transition to living alone. Quite simply, you need some experience before making the decision to buy. This is a massive financial consideration, but how can you make an informed decision when you’ve only ever lived in one place? Before long, that big home you bought might seem too large and overwhelming for your needs. For now, take the time to rent and get used to living away from your parents. As you develop more experience, you’ll get a better idea of what you want out of your first home purchase.

It’s important to remember that buying your first home isn’t a race! It’s a decision that should be thought about carefully, and there’s no need to rush into it. Make sure you’re happy before buying that all-important first home.


Are millennials spending too much on technology?

Are millennials spending too much on technology?

Send_money_abroad

Understanding millennial money is very important. It is important for economists to understand the economy of a country and World Economy at large. It is important for businesses to figure out where their revenues are coming from (simply because millennials make up for a substantial portion of the working population with the purchasing power) and devise strategies in accordance.

Millennials and their money habits

Where do the millennials spend their money on – mostly? One answer which quickly comes to mind is technology. Various resources have shown that the millennials that have survived a Recession are very cautious with their spending habits. According to a Neilson and Pew research, these millennials are financially savvier than their predecessors (and even their successors in some cases). They resort to substantial research on deals and discounts before reaching a decision. Much against the Gen X and Boomer generation, they are not very likely to pay for cable connections or telephone lines.  However, our general increased dependence on technology inevitably sparks speculations- does this tech-savvy generation spend indiscriminately on the newer forms of technology? We will try to find answers here.

As per a report published in the Business Insider, the three spots where the millennials spend mostly are

  • Uber
  • Cell phones
  • Make Up

Thanks to James Cramer, we have been able to come across detailed opinions and observations regarding the same. As per a Harris Poll survey, the youth simply cannot do without a cell phone. Needless to say, they make for the crucial means of communication as far as millennials are concerned.

Documenting their every day experiences on social media is a dominant trend. The unprecedented presence of the digital media in the lives of the millennials is an established fact. In the recent past, it had been predicted that the Canadian millennials would go on to spend more than $62 billion on media content in the year 2015.

Uber sits pretty right at the top of millennial preferences as is noted by Business Insider. Jason Dorsey, the millennial expert (Center for Generational Kinetics) noted that millennials are in favor of spending their hard-earned bucks on experiences and technology. Uber, on the other hand, is a direct pointer to the millennials’ general aversion towards owning anything. Blame it on Recession or the Eurozone experience, millennials prefer sharing and bartering over owning something. Whatever, it is – it only spells a win-win situation for car rental businesses.

Thanks to Goldman Sachs and Teen Vogue, women aged between 13 to 29 years hailed MAC as their top make-up brand. And, they are spending substantially on make-up as well.


The Biggest Trends in Making Money Online We’ve Seen This Year

Making money on the internet is now big business. It’s a good option to consider whether you are in between jobs, or if you just need a bit more cash in your budget. So why not boost your earnings with some easy online money making solutions like the ones below.

Surveys sites

A popular way of making some money easily at them moment is to register with a survey review site. You get paid for completing questionnaires and giving your opinions on things. The more you review, the more you get paid. It’s that simple. Some sites pay in Amazon vouchers and others in cash. Be careful though as there are some scam site out there. Real sites he will never ask you to make a payment to them, and you can use this link to check out the best survey reviews online to get you started.

 

Fwand

Image here

Blog

Blogging is perfect for getting your company name out there, and you can monetize it as well. Be warned though this is not a quick process to is unlikely to provide any instant cash. It takes time to build up a good blog and a good reputation.

Blog about something that you have experience with or you are passionate about. That will help you stay motivated and find new things to write about. You can blog about anything really from travel to food to parenting. You may find similar blogs ask you to guest post; companies send your freebies to review or want to use your blog in the advertising campaigns.

Gamble

Depending on your moral view of this activity it may or may not be a viable option for you. If you are very lucky, gambling can bring in some quick income and help you with your career. The best approach is to check out one of the books out there on gambling systems and how to play the long game. They basically work on the law of averages, and so if you play the recommended play each time, you increase the probability of winning. In this way, you can grind up your winnings by playing roulette or poker online. Even this isn’t a quick fix I’m afraid. You have to stick to the rules though and stop whether you are losing or winning for the system to work.

Sell home made

Are you into arts and crafts? If so then you may be able to sell your homemade items on sites like Etsy and Folksy. There is a big market for one of a kind or OOAK items and homemade gifts at the moment. People like to know that they are getting something individual and are supporting independent sellers. Remember to factor in the cost of your materials and your time for your final product price. Otherwise, you will be out of pocket.

Teach

Are you a specialist at something? If so then , maybe you can teach it and get paid. Use Craftsy or Udemy. Make a video of you doing your thing with clear step by step instructions, then add to the site and people pay to learn that skill by watching your video. Simple.

 


Solved: The Biggest Financial Problems Students Will Face

student-loan-debt-1160848_960_720

Pixabay File

When we look back on university, we often remember the challenge to get good grades. We completely forget about the challenges of handling money effectively or the issue of paying for everything we need. In some cases, this will be because our parents paid for most of what we needed. Or, because we were lucky enough to get a scholarship for our chosen course. However, the cases of this are fewer than most people realise. For many, college is not just an academic challenge. It is a continuous financial struggle. That’s why you need to know how to deal with the greatest expenses during college and after you graduate.

Living Expenses

If hall accommodation is included in your college fee, you might want just to stick with that. However, if you need to find your own accommodation after your first year, you may want to think of options that will reduce the cost considerably. First, you can think about moving back home, if it’s not a commute that’s unmanageable. Most college students will hate the idea of living at home when they complete their college degree. We understand it’s a complete turn-off. You want your freedom when you’re at college and your independence. However, you have to decide whether that’s worth the financial debt you’ll face after you finish. Another option to consider is having a few roommates. Living with five or six people is financially easier, as you can share costs.

Recreational Expenses

College isn’t just about learning, and you would be wise not to forget this fact. There are parents out there who would love if their kids focused on classes and avoided going out at college, completely. However, if you do this, you are probably going to burn out pretty fast. Unfortunately going out and other recreational activities are expensive. So what’s the solution here? Well, budgeting is key, and you should watch how much you’re spending each month. Have a fixed amount that you can spend and don’t go over it. You might also want to look into getting an interest-free credit card. This is going to make those costs a lot easier to manage. They can build up on the card, and you won’t need to pay them off for a year or two.

Handling The Loan

Of course, one of the greatest financial hurdles is working out how to pay off the loan at the end of your college life. We recommend you look into a nonprofit service loan forgiveness. With this type of service, part of your loan will be forgiven, and you should find it easier to pay. Remember, there are plenty of repayment plans to consider when managing your student loan. It’s a burden; there’s no doubt about that. But it doesn’t have to be one that’s long lasting.

Low Income

Lastly, many grads will find themselves on lower incomes than they expected once they finish college. Unfortunately, this is just a fact of life. If you get great grades, you might win your dream position. But you’ll probably still need to climb the ranks. Living on a low income is difficult but possible, without going into debt. Again, budgeting is key, and you need to make sure you’re not spending over your level of income.


Laid off? Here’s how you should manage your finances now

2823255013_9fa5d21650_z

Image via Flickr

It’s easy to let emotions take a toll on you after a lay off. However, it’s not that difficult to bounce back either. How do you control your finances when you are laid off? What exactly should be your plan of action when you can’t see the regular flow of money (that you have been used to seeing for the past few years) coming in? It doesn’t matter whether you are in your 20s, 30s, 40s or 50s, there is every chance of you getting laid off – sometimes even owing to no fault of yours. Here a few tips to manage finances after layoff.

A few tips to get back on the financial track after a layoff

It is extremely important to develop the right attitude towards your situation- instances of emotional upheaval are quite common after a lay off. The trick is not to let these emotions ruin your pragmatic faculties. And, you can actually deal with a lay off more effectively if you develop a more realistic approach to the entire incident. Right at the onset, you should realize that this temporary joblessness is not the end of the road for you. The moment you are able to adopt a positive attitude, it will become easier for you to put things in the right perspective and embark on a fruitful plan.

Plan ahead

Spend money wisely even when you are working. Though the thoughts of a lay off are possibly the last thing on your mind, they should be on your mind, nonetheless. Experts always suggest that you should explore all the avenues of saving and utilize them properly- better if you are saving up for six months, so that you are not required to worry even if your joblessness lasts for that long.

Seek avenues to save

Your budget needs a revision for sure. Cut off all avenues of unnecessary expenses. Talking of unnecessary expenses, the first thing that comes to mind is entertainment. If you were dining every week when you were working, consider bringing it down to a single week a month. It is however not prudent to cut off entertainment completely from your life. You need to be in touch with people and grow your network (and we all understand how important a role networking plays when it comes to bagging a job). It is important to strike a balance between your need for entertainment and your finances.

Don’t invest in major purchases during this period of time

Yes, it stands true even if your television set is not working or for that matter, if your phablet is getting old. However, what exactly do you do if something like your refrigerator starts creating problems? Don’t turn a blind eye to it because there are chances of your stored food turning stale and causing unnecessary waste. Do get it repaired or invest in a new one if, required.
Seek other avenues of saving as well. Are you driving your way to the medicine shop- thereby traversing a distance in car which can well be covered on foot? Are you leaving behind the condiments meant for you in restaurants? We generally don’t think about saving up likewise. But think about the kind of savings we can end up with if we pay attention to these smaller details.


ISAs Explained

3574702281_08403a55f8_z

Photo via flickr

We would all like ways to maximise our money with a minimal amount of effort, but surprisingly few of us know of one that already exists: the ISA. Although you may be familiar with the term, the chances are that you’re not sure of exactly what it means or the benefits that it encompasses.

It’s time to change that. With numerous boons for those who take advantage of this financial instrument, it pays to know how you can profit from it, and how you can start investing. Read on to find out…

What is an ISA?

As you might already have guessed, the term ISA is an abbreviation, in this case for an individual savings account. It is, as the name implies, a savings instruments, and one that can be highly beneficial to a lot of people.

Essentially, it allows you to deposit a certain amount, without having to pay tax on any money that you make through interest. As it currently stands, the amount you can put into an ISA for the tax year 2016/2017 is £15,240, although this is set to rise to £20,000 for 2017-2018.

There are two main types of ISA: a cash ISA and a stocks and shares ISA. The former acts as a highly popular savings account; the latter as a tax-free wrapper for investments. You can pay into one of each, provided that the total value of both does not exceed the amount stated above.

Who Can Open an ISA?

Part of the beauty of ISAs lies in their flexibility, and taxpayers from every walk of life can benefit from them. The only bar at all is age, but provided that you’re over 16 you are entitled to open a cash ISA, and once you reach 18, you may also open a stocks and shares account. For those younger than this, a junior ISA alternative is available, which can be useful if you’re planning on starting a savings fund for your child or another minor.

How Much Can You Put into an ISA?

As stated above, every taxpayer can invest up to £15,240 for the 2016/2017 tax year. This can be divided between a cash ISA and a stocks and shares ISA in any way that you like, or else invested fully in one or the other.

Come the start of the next tax year, a new allowance is received, and the amount it is set at may vary from the year previously. Over time, this means that savvy investors can earn a significant sum thanks to their tax-efficient savings.

If you want to do more with your money, why not consider investing in an ISA today?


Technologies you Need to Make your Business Successful

imgee

Image credit: flickr

In the 21st century, technology simply has to be a cornerstone of your business. From ordering stock to making sales to customers, technology has a role to play in every part of the business. In this post, we take a look at three technologies that are vital to the success of your business.

Server Memory

In order for the computers on your business network to function properly, you need to have an adequate amount of server memory. If not, your computers will be inefficient, costing you both time and money.
There’s no need to spend thousands of pounds on new computers, either. You can simply get a new server to build in from somewhere like Pinnacle Data. This way, you keep expenditure low while increasing your capacity and making your business more successful. It’s a win-win.

Contactless Card Payments

The most important aspect of any business is sales. The ability to process sales quickly and accurately is vitally important. The quicker you can get customer through the till, the better as you’ll be able to increase the number of sales you make, and that means more money in the till.

Contactless card payments are the best way of achieving this goal. They allow the customer to spend up to £30 in a single transaction, without having to enter their pin. This means a transaction can be completed in seconds.
If you can’t afford to go contactless as a start-up, you should at least invest in card terminals. This makes the process of paying for more convenient for a customer. If you offer cash only sales, people who only have cards on them may never return, meaning you’re losing out on a sale.
Social Media

If you’re looking to increase your marketing activity without spending hundreds or thousands of pounds, then you should invest your time in social media. Channels such as Facebook and Twitter are free to use, and could help you reach an entirely new audience for no cost.

The only investment you’ll have to make is time. It’s well worth considering a social media strategy, too. This way you’ll know how to deal with any complaints from customers that you receive.

To conclude, technology is essential to the success of any business. By investing in these forms of technology, your business will take a step ahead of its rivals, increasing the chance of success.

 


Data: 19% of the internet users spent money on online games

Did you know the experts believe that 19% of internet users have paid for online gaming at one point or another? These gamers shell out the big bucks to advance in levels, get powerups, buy special items and lots more. This can come in particularly handy when playing a difficult level, but if you make use of this option too much, it can add up to a tiny fortune.

What if instead you can get paid for playing your favorite games? All this is possible on online sites like All Jackpots casino. Interested in learning more? Keep reading this article for more information on how you can get more bang for your buck while pursuing your favorite online gaming activities.

All Jackpots is one of the best online casinos on the internet. This prestigious site powered by none other than the unparalleled Microgaming software. This alone guarantees gamers both unbeatable security and high quality graphics when playing their favorite online casino games. And it doesn’t stop there, All Jackpots also provides both beginners and existing gamers access to generous bonuses and promotions that are sure to amaze. For example, their exclusive deposit bonus gives new players the chance to get up to $1,600 in extra gaming cash that can be used to play more games and perhaps win more as well.

On this fine site, you can find lots of slot machines where you can play for free. Playing these types of games will show you how often a slot pays out plus what kind of cash prizes you may get a chance to win.

dollar key

dollar key

Another way to figure out what the best pants. Machines are is usually by checking out their payount percentages. The best machines tend to have payout percentatages that are in the high 90th percentile.

To find this information, all you have to do is take a look at the payout table for the particular slot that you are interested in and it will tell you all you need to know. It is also important to note that you shouldn’t count out a slot simply because the payouts are low. If payouts are frequent, even small sums can add up to something decent.

If you are looking for a way to make a decent amout of money and you don’t mind paying out a little more to play, you may want to try out progressive jackpot slots. With these particular types of slots, there’s no limit on the amount of money you can win. Since they have no fixed jackpots, this means that it’s possible for you to win millions of dollars with one good spin. Admittedly, these jackpot do cost more to play, but if you win, it can change your life. And we’re not talking about paying off your bills, but paying off your house, moving to a tropical island and never working another day in your life type of money. Just imagine, what would you do if you won all that money?

Furthermore, online slots aren’t the only way you can make money on these sites. Many of them feature other games, like online poker, video poker, sports betting, baccarat, and more for you to try your luck. In this way, even if online slots aren’t your thing, you can still find a fun way to make your gameplay work in your best interests. Instead of shelling out dough to advance to the next level, you will be the lucky one who makes your online gaming money work for you.

What do you think of the tips mentioned above? Do you have any of your own to share? If so, let us know in the comment section below. We look forward to hearing what you have to say.


%d bloggers like this: