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October 13, 2008

Keeping An Eye On Your Personal Finances

Personal Finance
David Neehly asked:


The majority of us are sticklers for finances at work, but often disregard our personal finance at home. For those who are not accountants, the process of keeping financial records and ensuring all financial items are squared away can be quite boring and often confusing. Instead of ignoring your personal finance until a problem arises, take the initiative today!
The most important aspect of your personal finance is undoubtedly your credit. Your credit score, often a mystical number of much confusion, is critical to your success in the financial realm. Without a respectable credit score, you will be unable to borrow money or obtain a home or vehicle loan. This number can literally hold you back from completing your goals and can severely limit your future.
The credit in your name has a direct bearing on the credit number. Thus people who do not use their credit cards properly and have huge bills running in their names lend a bad streak to their credit. A point to be noted is that it is not the amount you charge but it is the amount that is kept on credit that poses the threat of being harmful. It is important to keep a check on the monthly statement and you should endeavor to pay it in full each month.
In today’s society, identity theft is often a problem. If someone steals your identity, they can wreck your finances, ruin your credit, and tarnish your good name and reputation. In order to prevent identity theft, carefully monitor all your financial statements and safe guard your personal information.
The attitude of most people towards money is spending today and saving later, thus relegating saving for a later part of their life. But this habit catches them unawares in the later part of their life where they get jolted with the rude shocks of a fast approaching retirement date and a non-existent retirement fund. So do not wait for tomorrow, start saving today by putting some portions of your income in the retirement fund account.
One of the best ways to handle the finances is a budget. This is the best way to keep a tab on the finances and keeping the spending in control. When you create a budget you need to make two columns, one meant for the incomes and the second for expenditures. You need to mention all the items of expenditure in the expenses column such as rent or mortgage payment, car payment, insurance, utilities, and food. Whatever is left after deducting all this from the income is the monthly excess that of course can be used in different ways.
It’s a good idea to consult an accountant if you are not sure about setting your personal finance records straight. This person will help you correct any potential problems and ensure nothing goes wrong in the future.
The world of finance is fascinating. There’s no need to be scared of it. Just keep your finances straight and you will be able to build, or rebuild, your credit score.

August 30, 2008

5 Action-Ideas To Manage Your Personal Finance

Personal Finance
Joseph Then asked:


It’s unbelievable that schools does not teach us everything that we have to know but left out one important subject, that is Personal Finance Management. No wonder we see rising cases of people with bad debts and bad credit.
Here are 5 ideas to better manage your personal finance.
Build a savings account
Your money is something that you work very hard for. If you want to build a savings account for yourself, and for your family, you can do it – but perhaps a little slower than you might like. You can get started by saving all the change you get from shopping at the grocery store, from the gas station and from anywhere else you might go. Putting all this change into a container, you can then fill the container, day by day. As the container is full, roll the coins and deposit this money into your new savings account. You might be surprised, but in just two weeks it is possible you saved twenty dollars, or even one hundred dollars. Your savings account will grow, and you will be managing your money at the same time!
Paying bills on time
Paying your bills on time is going to be a something you need to make a habit for your entire life. Your credit report, your credit rating and your personal credit worthiness is going to depend on how often you are on time when paying your bills. Paying your bills on time is important for a solid financial future. As you pay bills on time, you are less likely to pay higher interest rates, you are not going to pay late fees, and you will build a good credit rating at the same time. To pay your bills on time, all the time, use a system that will have all your bills put into a pile in the same place. Put the bills that are due first on the top of the pile. Put the bills that are due at the end of the month in the bottom of the pile. Look at the pile every day, or at very least every other day. When you have the money, pay the bill on the top of the pile and work your way through all the bills for the month, and then you can start on the bills for next month!
Building good credit
To build good credit you want to pay your bills on time, and avoid paying those higher interest rates. If you have good credit, you want to keep it. What some people do not realize is that you can hurt your credit if you are moving often. Moving every month, moving every year, and moving more than needed it going to lower your credit score. If you live in the same house, the same apartment for over five years this is going to help your credit. Avoid moving when possible. Get a copy of your credit report; review the addresses that are listed for you. Remove addresses that are not applicable to where you have lived in the past.
Use coupons and save money
If you are not using coupons now, you should be. With the price of everything going up, and up, you need to learn to make your money ‘go further’. To make your money last longer, and to get more for your money seek out coupons for the goods and services that you always purchase. The secret to using coupons is this: don’t use, clip or keep coupons for items that you don’t usually use in your home. Coupons are enticing to get you to try other items, and sometimes can cost you even more money. Clip coupons from the Sunday paper, from the Internet online coupon sites, and look for coupons on the products you already purchase. This is going to give you the best savings possible, stretching out the money you have, and that you want to make last much longer for your household budget.
Money management involves working for a living
Money management is a budgetary thing, meaning you need to know how much money you have, and how much money you can spend. If you are spending more money than you are earning, you are most likely relying on your credit cards just way too much. If you are relying on your credit cards, your payments are going up and you will never pay off those credit cards. Money management involves your earning money, and spending the money you earn, and not more than that. If you need more money in your home budget, you can do a few things: get a new job with better pay, ask for a raise, get a second job, or build a business of your own. Relying on others for handouts, making minimums payments on credit cards you can’t afford, and living beyond your means is only going to come back to cause you trouble later in life.

August 17, 2008

Your Resume Must Represent your Career Goals

Careers
Accuro Resumes asked:


When drafting your resume, it is easy to fall into the habit of focusing on the past. After all, much of your resume will consist of a list of things you’ve done—from positions you’ve held to special awards you’ve received to degrees you’ve attained. A resume is, in fact, a compilation of your professional and, in some cases, personal history. Therefore, admittedly, much of your resume will have sentences and clauses that are in the past tense.
And yet, a resume should also be a forward-looking document. In other words, it should not simply indicate where you’ve been—it should also inform a potential employer about where you’re headed. As a result, in order to craft a truly effective resume, you must be somewhat futuristic in your thinking. This means clearly articulating your career goals within the text of your resume.
First Step: Define Your Goals
Placing your career goals on your resume can be quite a challenge if you do not have a clear idea of what those goals are. If you are in this position, you’re certainly not alone. Many of us have difficulty visualizing where we would like to be five or ten years down our career path. In a number of cases, this may be the result of selling ourselves short, thinking that the highest levels of achievement in our chosen field are closed to us because we are lacking in some area—interpersonal communication, written communication, decision-making ability, or other job skills which are critically important for managers.
However, if you talk with someone who has made significant progress in his or her career, you might be surprised to learn that this individual also faced feelings of inadequacy or believed that he or she was ill prepared for the job now held. Even sons and daughters of business owners often have to start out in entry-level jobs before they master the skills and expertise needed to run a company. In other words, it would be wrong to assume that a corporate executive is inherently more talented or more intelligent than you are.
Through research—interviewing executives, reading business magazines, and talking to members of professional organizations that you belong to—you should be able to develop a clearer idea of what your career goals are. Perhaps you would like to secure a managerial position…maybe you’d like to teach at the college level…or perhaps you would like to own your own company some day. Jot both immediate and long-term goals down on paper so you have some idea what kind of information you’d like to convey on your resume.
Showcase Your Goals
Once you have defined your career goals, it is important that you showcase them on your resume. Of course, there are various schools of thought about how to highlight career goals most effectively. Which approach you ultimately decide to take depends on a number of factors: what your colleagues and mentors consider to be most effective; what you yourself are comfortable with; and what is the most appropriate approach for the position you’re attempting to pursue.
One effective means of spotlighting your career goals is by placing them under a “Career Objective” category in your resume. This category affords you the opportunity to clearly articulate the direction in which you’d like your career path to go. If you have more than one career goal to list, it’s perhaps most effective to list your goals in bullet-point format.
But there are also some other creative ways you can indicate your career goals on your resume. For instance, in the supplemental information you provide for each position you’ve held, you can indicate how that particular job—or the duties that came with it—helped to move you toward your career goal. As with all the other text in your resume, this information should be stated clearly and succinctly. A simple phrase can inform a prospective employer about how a position aided you in developing the skills needed for achieving your career goals.
Avoid the Temptation of Omitting Critical Information
Unfortunately, some job seekers become so focused on their career goals that they feel that they have to radically alter their resumes in order to demonstrate their dedication to their goals. Such an approach is sure to backfire because it creates a resume that is misleading. When an employer discovers that you have omitted key information, he or she may be understandably reluctant to hire you.
For instance, consider the following scenario: You’ve just learned about a position that is available at a highly-respected company known for its fantastic promotion policies, benefit packages, and other perks. This is exactly the type of job you’d like to have—not only because of the opportunities it presents, but also because it would help you immensely in accomplishing your long-term career goals.
You decide that a resume re-draft is absolutely essential. However, when you begin the re-writing process, you decide to give a major makeover to the “Experience” section of your resume. You eliminate every job that does not directly relate to your career goal. By “streamlining” your resume, you hope to increase your chances of securing the position you desire.
Unfortunately, things in the business world are not that simple. By omitting references to certain jobs in your resume, you are doing a disservice to your employer—and to yourself. You are making it appear as if you’ve been headed in the same direction throughout your career when, in fact, your career might have taken a number of twists and turns. In addition, your streamlining has resulted in the appearance of serious gaps in your work history. If a would-be employer believes that you were unemployed for long periods of time, he or she may simply place your resume in the reject pile.
Be Open-Minded
Recognize that your career goals can change throughout your employment. As a result, you may need to tinker with the career goals text in your resume every so often. This is not an admission of defeat—rather, it is simply an indication that, as your work experience broadens, your ultimate objectives may evolve, taking you along paths you never dreamed possible.

August 15, 2008

Gambling and the National Economy

Economy
Jeff Collins asked:


Gambling is such a tremendous part of the national economy, because casinos are everywhere!  Dominating Las Vegas, Atlantic City, and other places in the United States, along with the Internet nowadays, let us take a look at the impact that gambling has on the national economy, both positive, and negative.
There is much debate over whether gambling does the economy any good.  When you take a look at what the state lotteries are doing to better education, it seems that gambling does help the economy.  However, when you stop to think about how many problem gamblers create more intense problems for themselves, and potentially the economy when they lose their jobs, divorce their spouses, etc. it may not seem that gambling is such a good thing for the economy after all.
Casinos are a large part of the business sector, and even more a large part of certain local business sectors.  This means they do the economy good when it comes to employment rates, because where there are casinos, there are jobs, and plenty of them.  Casinos need dealers, security staff, janitorial staff, and entertainers.
Casinos do the economy good because where there are casinos, there are people spending their money.  When people win money, they funnel it back into the economy with splurge purchases, or paying off debts.
Casinos are bad for the economy when people become addicted to the gambling habit, wasting their money, and creating issues for themselves that are worse for the economy when the economy has to pick up the pieces by providing rehabilitation assistance, food assistance, and housing assistance when a problem gambler loses the ability to care for themselves and their families.
As you can see, there is much reason behind the debate as to whether gambling and casinos do any good or create harm for the national economy.  It is a topic that will of course always be subject to much debate, and people will always have their own views, shaped by their own experiences regarding the topic.  When you weigh the good of the jobs it provides, against the bad of people destroying their lives, you pretty much have to revert to that each person is responsible for his or her own actions, and therefore the national economy cannot help that.  So, all in all, the positive and negative aspects of casinos and gambling pretty much balance each other out, making casinos and gambling a neutral part of our national economy.

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