Basic Money Management Skills

Money. That which makes the world go round. Literally. Without encouraging romantic notions of 'but that is love', let's get moving. What I simply mean is, that it all boils down to the money that we have at the end of the day. Money determines the way we live, what we do, and basically every other decision of our lives. Without money, we are basically nothing. And that, I know, is something that

Putting a Retirement Planning Worksheet to Work For You

There are few things that we will do that will be more important than planning for our retirement. A good retirement plan means enjoying your golden years with financial security. That is the desire of everyone. Good retirement planning now can make it happen.
Retirement planning requires organization and good foresight. There are so many variables to be taken into consideration and so many

How to Survive Being Broke

So you've just been laid off. You're frantic about what to do because you don't have any savings. Your bills are not suddenly going to disappear. How in the world will you make it until you have a regular income again? Do not fear, because we have 7 tips that can help you keep cash coming in and pay your bills.
The very first thing to do before trying to make more money is eliminate all your

Essential Points of Retail Manager Job Description

Depending on the company policies and the size of the retail store, a manager looks after all the departments whether finance, marketing, logistics, human resources, information technology or customer service. Training and development of the work force, delegation of responsibilities to staff members and employee motivation to meet the company goals, are also the major tasks expected from a

How to Invest Money to Make Money & Avoid Bad Investments

The question is how to invest money to make money. The answer is to invest money only after asking a few questions about investment basics. Here are the questions to ask, and how to invest money to avoid scams and bad deals in general.
How to invest money, rule #1, is that there is no such thing as a perfect investment. A perfect investment would have the following features: guaranteed safe,

Recession: Proofing your assets

For a long time it seemed like it could never happen, but in the past few years the chance of a bank completely failing has become a real one. On September 14, 2007, panicking British depositors withdrew £1bn from their Northern Rock accounts, and over the course of the next year other banks including Bradford & Bingley, RBS and HBOS all fell victim to the credit crunch.

Fortunately for the individual, the chances of actually losing money if their bank goes down are slim. All UK-regulated accounts are covered for up to £85,000 by the Financial Services Compensation Scheme (FSCS), and if your bank collapses you should get 100% of your money back within seven days, up to this maximum limit.

Yet this still leaves account holders with one week of complete exposure. That being the case, it is important to prepare yourself now for the day you may find you have no access to cash.

Begin by comparing your earnings against your outgoings. In this way you will know exactly how much ready cash you need access to in the event of your banks collapse. Then, spread your savings across more than one bank. In this way your two accounts will act as a back-up to each other, should one of them fail. Ideally you should not have more than £85,000 in each account, to ensure that all of your money is covered by the FSCS.

Another step you can take is to re-examine your personal finance. If your bank collapses, it will be easier to cope if you have less immediate expenses. Energy bills can often be greatly reduced by cancelling paper statements, paying by direct debit, combining gas and electric bills and ordering online. The other obvious step is to turn off lights and appliances when you leave the home.

For internet, telephone and TV, consider buying a package that includes all of these services. This will usually be cheaper than paying for each service individually.

Other bills to reduce include your insurance premiums, although you should ensure that any savings made do not come at the expense of your cover. Shop around for a better offer on your existing insurance, and search for multi car insurance UK online to find out if you can bring costs down by combining your cars on to one policy.

In the very worst case scenario, your last line of defence may well become your credit card. If this is your only access to cash, you will want to make sure that the credit limit on it is such that it can get you by. If you are able to, it would be a good idea to pay off some of your credit card debt to avoid interest charges.

Finally, take steps to make sure that a sudden lack of cash will not have you starving to death. Stockpiling non-perishable food may seem like an over-reaction, but it is better to have it and not need it, then need it and not have it.

Nonprofit Executive Directors - You Are at Risk Without a Job Description

Many nonprofits let the Executive Director decide for themselves what their priorities are and how they should spend their time. This is a risky situation and one that can easily rectified with an Executive Director Job Description and with Annual Objectives for the ED.
If you are an Executive Director, start writing your own Job Description now. Review it with your Personnel Committee or the

Learn to Invest Money

As the popular saying goes, "there are two sides to every coin". I feel the same can be said about today's financial situation. There are times when we see tremendous industrial, corporate and financial growth all over the world. Economies grow, the stock market surges and our pockets too, in the process, end up getting heavier. At the same time, there are down periods (the present economic

Accounting Jobs - Common Mistakes Made in Accounting to Watch Out For

Accounting is often considered one of the oldest professions. Accounting is such a field that is an integral part of any company, business or organization. Every company requires an efficient accounts department to handle its finances. The success or failure of a company is determined by the profits it makes. With the growth of the economy in recent times, the accounting sector has become even

What Are Some Good Ways to Invest Money? - Plan Ahead For the Future

Today's economy has every one of us wondering how we will take care of our families financially in the long term. Should we invest our money? What are some good ways to invest money? Here are some good ways to invest money:
1. Invest in stocks- today's stock market can be very risky. Recently, the collapse of Wall Street has required a government bailout of $700 billion dollars. However, stocks

How to Manage Money: The Missing Element of Achieving Financial Freedom

Most advice on how to manage money is pretty simple and straightforward: get on a written budget and start keeping track of your spending habits. You can find oodles of this kind of advice on the internet, and it's pretty much all free. However, making this information work for you and getting consistent results is a completely different story.
In this article, we'll be discussing what makes the

Transferable Job Skills Might Be the Key to Your Job Search Success

Job skills are at the core of any hiring. The bottom line that the employer wants to know is, do you have the skills to get the job done right. If you identify your transferable job skills, you'll unlock a lot more opportunities in your search for employment. While your industry might be laying people off on a grand scale, there are other industries that have openings they need filled. Most

What Job Responsibilities Does an Accountant Handle?

The main job duty of an accountant is to make sure the businesses and individuals abide by the finance rules (as set up by the state), keep financial records in order and pay taxes in time. Though this is a simple job description that anyone can think of while talking about the responsibilities of an accountant, the duties may vary from one job position to another.
If you want to know what an

Job Titles Can Tell More Than You Want Them To!

Just a few weeks ago, I was working with a large company. We had several meetings, and I met many people. When I met someone new, we exchanged business cards. After I receive someone's card, I only glance down long enough to see what the person does. Is this person from IT, marketing, finance, or H/R? It helps me gain some perspective on what his or her focus is going to be during our discussions

How to Handle and Process New Job Offers

Lets face it looking for a brand new job, especially at the minute is hard, particularly in a professional sector like banking & finance and in a small jurisdiction like Jersey. Studying job listings, exploring Jersey based corporations and their respective culture, sending out CVs along with participating in numerous interviews is a time consuming process. So when finally when you receive the

Apply to Anonymous and Confidential Job Postings

If have a profile at a job portal, you would know that hundreds of employers post job openings on these websites daily. Most of these job descriptions are suggested to fit your skill set perfectly. However many times it happens that employers post jobs anonymously. How do you apply to such jobs without falling into a trap?
What are Hazards?
1. As you have no clue about this employer, it may very

Career As a Financial Planner

Financial planners analyze and do research on equities and securities. Their job is a package of fields like marketing, accounting, analyzing and management. If you want to learn more about this job profile and check for your suitability, this article is all you need!
With more and more people investing in the stock market, the demand for financial planners is increasing by the day. There is a