Money

Time Is Money! Learn To Prevent Unwanted Delays In 3 Minutes Flat

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Financial status plays a massive role in all of our lives, and we all desire a sense of freedom in this aspect of life. Money struggles are a major worry at all times. But it’s even more frustrating when those problems are rooted by the fact you haven’t received the funds you are due.

Unfortunately, this situation can surface for a whole host of different reasons. As with many things in life, prevention is the best form of protection, and taking the necessary precautions will put you in a far stronger position.

Here are some of the situations to look out for and, more importantly, how you can overcome them.

Not Being Paid For Work

It’s not uncommon for employers to kick up a fuss when you’ve left in acrimonious circumstances. This could manifest through unpaid wages, or through refusal to pay compensation after causing a personal injury. In either situation, your persistence is key.

This is arguably an even greater concern for self-employed workers. Clients can often try to argue their way out of payment. But as long as you have the work stipulated clearly in a contract, then you have nothing to worry about. If they still refuse to comply, don’t feel afraid to threaten legal action.

Whether an employee or a trader, you deserve to be paid an honest wage for an honest wage. Stay organized and firm at all times, and those delayed payments should no longer be an issue.

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Inheritance Feuds

The loss of a family member is a horrible thing, and it certainly puts things into perspective. Nonetheless, if a loved one wanted you to inherit money or assets, it’s only right that you are allowed to receive those items.

Unfortunately, other family members might not see things that way. Arguments over these situations can get ugly, and are always a shame. Expert help in probate law from IRB Law will give everyone the best chance of receiving whatever it is they deserve. Not only can this diffuse any stress, but it can lead to far quicker results.

Most importantly, though, it ensures that the deceased’s final wishes are respected.

Major Transactions

Throughout our lives, we complete transactions almost on a daily basis. But while the majority are finished there and then, some of the big ones require a lot of work and patience. However, when the wheels are in motion, you want to ensure that those funds hit your account as quickly as possible.

Taking the necessary steps to ensure that your property sale doesn’t fall through should sit top of your agenda. However, you should also think about vehicles and other major transactions. After all, it’s not only the financial elements that need to be considered. Those sales are often the key to progressing with your life, whether that be by moving home or upgrading the family motor.

It’s impossible to remove all delays. But by taking a confident and thorough approach, you can certainly help your cause. If it helps remove the fears connected to financial security, those efforts will be easily justified.

 


How You Can Ensure Disaster Isn’t Followed by Debt

It can be difficult to plan ahead for disaster because it doesn’t make for a particularly pleasant topic to talk or think about. However, if you don’t plan ahead, a personal tragedy can quickly be compounded by financial trouble.

There are a number of plans you can put in place to help you prepare for a more difficult future, but there are steps you can take in the immediate aftermath of disaster that can secure your finances as well. If you want to be prepared as best you can for something that disrupts your usual lifestyle, then here are some tips.

Followed by Debt

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Disability

Disability and personal health issues can greatly impact your ability to work, and your life in general. If you want to protect against the financial damage that this could cause, then investing in health insurance is the first step you should take.

Even if you have got insurance, there is still more than you can do if you are struck down by disability. Investigate whether you are entitled to any state benefits as a result of changes to your living circumstances and, if necessary, enlist the help of a social security attorney to help you get the support you deserve.

Redundancy

A change to your employment circumstances can be difficult to take, but planning ahead can help soften the financial blow, if not the emotional one. Take some time to get over a redundancy before you do anything else, but then act quickly to protect your finances. Check to see if you are eligible for any government support as a result of having lost your job and then start creating a financial plan to help you budget until you find new employment.

Take a look at your savings and make the necessary cutbacks. Also, if you’ve been in employment for a long time, you may need some assistance finding a new role. Careers advice and CV tips are available for people on all steps of the career ladder, so don’t be afraid to ask for help.

Spousal death

Perhaps one of the most difficult stages of anyone’s life occurs when a partner dies. As well as dealing with your grief, there are also a number of practical considerations that must be taken care of, many of which will relate to your finances.

Firstly, have any household bills that were paid by your partner transferred to your name in order to prevent late payment charges. After this has been dealt with, you will need to manage the distribution of your spouse’s estate. The mortgage, debts and other financial concerns will all be affected by this.

Damage to your home

If your home suffers serious damage, the main thing to do is to get in touch with your insurer to notify them and learn what happens next. Make sure you document the damage and are honest with your insurer to avoid issues further down the line.

It’s never easy to keep a calm head when dealing with disaster, but that is exactly what’s needed. If you take a moment to compose yourself and think carefully about your finances, you’ll be able to manage your issues much more effectively.


Don’t Let These Common Things Get You Into Financial Trouble

It might not be something many of us like to admit but, when it all comes down to it, a great deal of our lives revolve around money. Your personal finances are always going to have a huge impact on every aspect of your life. Money is by far the most common cause of anxiety for the vast majority of people, and nothing serves to increase that level of anxiety than being forced to reevaluate your financial position. No matter what you do; there are always going to be things that affect your finances in both positive and negative ways. Of course, that doesn’t mean that you’re powerless to do anything about it. There are always ways in which you can avoid getting into serious financial trouble, even in the face of an unexpected event. In order to help you navigate those, occasionally rather muddy, financial waters, here are some of the more common things that might negatively affect your finances, and what you can do to keep yourself afloat during any difficult times.

Unemployment

Unemployment

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Spending any amount of time unemployed is one of the things that the majority of people are understandably pretty scared of. After all, how many of us could really continue to live our lives without a reliable source of income. Losing your job can have some seriously far-reaching repercussions on your life as a whole. Not only does it put you in a scary financial position, but it can also affect you on a deeply personal level. This is especially true if your work was a big part of your life and identity. Without it you can feel adrift and confused, it can lead to tensions within relationships, and even periods of depression. The biggest problem that a lot of people face is that these feelings prevent them from being able to get back out there and find a new job. It can be so discouraging to be made unemployed that finding the motivation to go job hunting can feel downright impossible. Fortunately, there are plenty of things that you can do in order to minimize the negative effects of being made unemployed, and most of them come down to planning ahead. It might seem cynical, but it really is important to plan for something like this, even if things seem to be going well. Start putting money away into a savings account for this purpose alone. Even if it’s just a small amount each month, over time, it will build up and can offer you a buffer in the event that you find yourself without a source of income. The other important thing to do is keep your resume as up to date as possible, that way you don’t have to spend extra time and energy on it when you really just want to be spending your time actually looking for a new job. If your resume is ready at a moment’s notice, then you can jump straight into the job hunt without any delays.

Injury

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There are few things in life that are more traumatic than being injured in some form of accident. Of course, the most obvious thing to come from it is the physical injury itself. But a lot of people also find themselves experiences some severe psychological and emotional trauma as well. All of these things combined can make getting back into your daily routine extremely difficult. Even if your body is fully healed, your mind may not be and that can make working, having functioning relationships and even leaving the house extremely difficult. Not only that but you may also have to deal with extremely large medical bills. Even if you can still work following an injury, those bills are going to cause your finances to take a serious hit. Again, this is a time when having some savings set aside is a great idea, anything that can act as a financial cushion for you is very helpful. But in this case, you’re almost certainly in a position to make a legal claim against whoever was responsible for the accident, whether that’s your employer or another driver on the road. Go to https://robinscloud.com/ for more information about the kind of legal representation that you could be entitled to. Some people are unsure about hiring a lawyer following a situation like this, but when you’re put into a bad financial position as a result of someone else’s action or negligence, then you have every right to at least some degree of compensation for that.

Having a balance on your credit card

How many credit cards should I have?

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Credit cards can sometimes be a pretty risky financial proposition. Of course, plenty of people have credit cards and are able to manage their finances carefully without running into any problems, but that doesn’t mean they don’t come with their own set of problems and risks. The point where people get into trouble is when they start carrying a balance on their credit cards. If you’re carrying a balance on your credit cards that means you’re going to start paying higher rates of interest on your purchases. This, in turn, causes you to spend more and more on each purchase that you actually have to as the interest piles up on top of the price of your purchases. There’s nothing wrong with having a credit card, but you should always try and make sure that you pay it off as regularly as you can. That way you can avoid facing high-interest rates, and you also make sure that your credit score stays reliably high. Nothing damages your credit rating more than unpaid credit card debts.

Irresponsible spending

 

There’s a saying that the most obvious solution is probably the correct one, and that applies here as well. A lot of the time, you may find yourself in a risky financial position and won’t be able to pinpoint why that is exactly. Nothing especially dramatic or significant has happened in your life, and you can’t quite fathom exactly what it is that could have caused your finances to take such a hit. If that’s the case, then the likeliest answer is probably just that you need to get your household spending under control. It might be down to you, your partner or both of you, but the most common reason that people run into money troubles is simply that there weren’t responsible enough with their money. You might think to yourself “that can’t be right! I only spend a little bit here and there, surely that’s not going to put me in any danger?” But the problem with this line of thinking is that those little purchases here and there start to add up pretty quickly. In fact, if you were to add together all of those small purchases that you make over the cause of a month you’d probably be shocked at just how much you were actually spending. The solution to this problem is probably pretty obvious: be more careful with your money! Of course, there are some useful things that can help you do this. The best thing that you can do is to create a detailed household budget. Make a clear note of all of your regular incomes and outgoings. That way you can see exactly how much you have before doing any extra spending. Once you know that you can set yourself a very clear limit on how much you should be spending over the course of a month. It’s a simple, mostly psychological change, but it can drastically change your relationship to your money. You may want to start saving as well but the most important thing at the start is just to get into a position where you’re not losing money every month. Once you’re in a position where your finances are more secure on and monthly basis, that’s the point when you can start thinking about putting money aside for a rainy day.

 

Money might be a cause of anxiety for a lot of people, but the most important thing to remember is that you’re not powerless when something bad happens. The biggest pitfall when you got into a situation like that is to end up feeling so discouraged that you can see a way out of it. Your finances might take a hit but there are always ways to work around it. Whether it’s through small things like cutting back on non-essentials in order to stick to a tighter budget, or by doing something significant like taking on a second job or relocating to a smaller property. If you’re in a financial rut, it can often feel close to impossible to pull yourself out of it, but you simply have to remember that you’re never out of options and that you shouldn’t let your money worries stop you from living your life.


Easy Ways To Take Control Of Your Money

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It’s easy to feel overwhelmed by the idea of sorting out your money, and tempting to put those bills to one side to be sorted out ‘later’. However, it you’re frequently finding out that you’ve little or no money left at the end of the month, and you have to borrow just to stay afloat – you’re probably going to feel anxious and tense most of the time, and that’s no way to live! Here’s how to take control so that you can relax and get on with enjoying life…

Keep records

Yes, it does sound a little dull, and may take some time – but having all your financial details written down will make it much easier to see what’s going wrong, and identify how to get yourself into better shape, money wise. Every time you buy something, whether it’s your morning latte or a ticket for your daily commute – make a note of what it was and how much it cost. Some people like to use the good old-fashioned notebook and pen method, but you can just as easily create a spreadsheet to record your spending. You could even link your spreadsheet to your smartphone, so that making entries is really quick and easy. However you record your expenditure, doing so will make it much easier to get a clear view of where your money is going.

Find ways to save

Having created a record of spending, you’ll probably have discovered that you are spending a lot more than you think on everyday items. Examine your list, and be creative about coming up with ways to spend less. Go to sites like http://www.plusvouchercode.co.uk/offers-discount-code-phase-eight.html to save money on your clothes shopping, and follow the social media pages of your favourite brands to get discounts and special offers. Think about getting in on a car sharing scheme to save money on your travel costs, and choose groceries that will last for more than just one meal.

Eliminate debts

Make sure you pay off debts that have the highest rate of interest first, as these will cost you the most in the long term. If you’re really struggling with debt, do your research on the possibility of getting what you owe written off – and that doesn’t have to mean bankruptcy. If your monthly repayments are too high for you to manage, contact your creditors to make a new arrangement. It is in their interests to come up with a plan that allows you to pay back what you owe – so they will probably be more accommodating that you expected! Get more ideas on sorting on debts by reading this article.

Cut out credit

Try to avoid using credit cards at all if possible, and if it’s essential – shop around to get the best deals. Some credit cards will reward you with discounts and points that can be used for purchases, so if you must use one, make sure that it is working for you.

Sorting out your finances can seem a bit daunting, but you’ll feel like a weight has been lifted when you’re finished – so start today for a better tomorrow.


Are You Forgetting to Claim Money You’re Entitled To?

Our lives can be very busy. If we’re not commuting to and from work in a busy city or cramming ourselves into a busy morning train, we’re worrying about our children, arguing with co-workers about work issues and stressing over what to cook for dinner. There truly aren’t enough hours in a single day to worry about everything we should be worrying about, and there’s plenty of reasons and excuses we can give for neglecting something or simply forgetting about something important.

There are plenty of ways to stay organised. If you feel like you’re getting important tasks and meetings, then there are plenty of smartphone apps that will help you stay organised. However, that’s not the point of this article. What we’re going to talk about today is money. Who doesn’t love money? In fact, we’re so busy each day thinking about money and making money that we sometimes forget that there are places where we can actually collect money, and all you have to do is remember that you have money waiting to be collected.

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There are a lot of things you could be entitled to that involve money. For starters, you could be entitled to money if you’re a single parent, and you could be owed money if you didn’t check your tax code properly. You could also be owed money if you’re above a certain age, living on your own, or if you have trouble paying your rent due to your work circumstances. In other words, there are a lot of schemes and aid plans that can help you get a bit of extra money without any major downside.

But what kind of things can you claim? Read on to find out as we explore several different avenues where you can make claims and check what kind of compensation and aid you’re entitled to. Not all of these will count for you and some of them are country-specific, but rest assured that all of these will be able to give you a small boost of cash that’ll lighten the stress on your shoulders.

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Benefits and Aid

People understand that not everyone is well-off or able to support themselves. For example, seniors could suffer from a number of different medical issues and, as a result, require someone to take care of them. The cost of a carer can be extremely expensive if they are professional and have all the licenses and commendations of a good carer. This means that in order for a senior to get the best professional care they could possibly get to make their lives easier, they have to fork out a lot of cash in advance to pay for each day or pay on a regular basis.

These costs can mount up and create a huge dent in their shrinking wallets. Most pensions and savings won’t be enough to pay for a carer for a long period of time, but luckily there are many aid schemes that will solve issues like this. If you are a senior and you require aid from a carer, then you could get a sum of money to help you pay for professional care assuming you meet the right conditions. It’s important that if you or someone you know is in a similar situation that you contact the relevant services or search online for help.

You could also get help if you’re having difficulty paying your rent and other utility bills. Housing benefit, for example, can be claimed by individuals who are on low-income jobs or don’t work anymore and need financial aid. These benefits can be claimed as long as you meet certain criteria, and there are even times when exceptions can be made if you have a unique case that isn’t accounted for. This means that, no matter what your situation is, you should always contact the relevant authorities to ensure you are getting all of the benefits and aid that you should be getting to help make your life easier.

Unfortunately, benefits can easily be abused. It’s important that, no matter how tempting it might be, you always ensure that you do not abuse these systems. If you are caught (and you will be, eventually) you’ll have to pay back everything that is owed which will be far more stressful than not claiming the benefits at all. Many people have gone homeless or bankrupt because of their lack of care when claiming benefits. For example, if you claim for unemployment aid then you need to notify the relevant people whenever your circumstances change. If you suddenly find a job but neglect to tell people, then you’re going to be in trouble when they find out you’ve been claiming unemployment benefits and also working at the same time.

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Injury Claims and Compensation

Many people don’t claim work injury compensation because they fear it would affect their relationship with their employer. After all, if you sue the company that pays your salary then you might think it will severely harm your chances of staying at your job. Some people think that job security is far more important than a personal injury claim, but here are some things to consider.

First of all, you cannot lose your job for making a claim. Your employer should be carrying out everything they can to ensure that you are safe at your job. They need to take every relevant step and carry out risk assessments to ensure that every single one of their employees has the correct equipment and knows all of the safety measures. If they don’t, then they are failing their duty as an employer and could be sued on the grounds of neglect. For this reason, it’s a good idea to weigh up your options and get in contact with a service like https://robinscloudnewmexico.com and have chat with their expert lawyers to determine if an accident you had, work-related or not, can be turned into a claim of compensation.

It’s important to remember that if you have suffered an accident that wasn’t your fault, you are entitled to claim compensation to spend on medical bills, repair costs and other expenses. Even if it was something in the past that you neglected to make a claim about, it could still be turned into a case assuming that you have the right proof. There are time limits, however. You usually have up to three years to make a claim and speak with a lawyer. Anything after that and you won’t be legally allowed to build a case. This time limit can change. For example, if you had an accident abroad then the time limit will vary depending on the country, and if you had an incident while working in the army then you have up to seven years to make a claim.

Injuries don’t have to be physical either. If you are exposed to harmful chemicals such as asbestos in an old workplace or office, then you could be entitled to claiming compensation due to neglect by your employer if they don’t provide you with the proper safety equipment. You could also claim compensation if you get food poisoning or other types of illnesses that are a result of neglect from your employer. However, the majority of personal injury claims do involve physical injuries to your body, but it’s still good to remember that any type of injury or illness can be turned into an accident claim.

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Tax Overpayments

If there’s anything that is certain in life, it’s death and taxes. However, not everyone pays the correct amount of tax and in the majority of cases, they actually end up paying more than they should. For starters, you could be working on the wrong tax code if, for some reason, you had to switch the tax code while working different jobs or if the tax code was temporarily applied to you for a variety of reasons. You should be keeping a note of all the income you get and the relevant tax codes that you should be following. Once you manage to analyse your income, you’ll be able to determine if you were using the wrong tax code at certain periods of your time working and make a claim based on that.

For self-employed individuals, there are many business expenses that you can write off so that you aren’t taxed on them. For example, if you use the electricity in your home when you work from home, you can calculate how much is used for work purposes and count that as a business expense too. If you need to replace something like a table or computer that is used for business purposes, you can also claim those as business expenses and make them exempt from tax. It’s a good idea to check what exactly counts as a business expense. For example, any personal purchases like a new sofa or television won’t count as business expenses unless they are specifically for the use of your business, but a computer, office chair or desk may count depending on the circumstances.

 


The Game Of Money: How Hobbies Can Make Finances Fun

Life’s pretty ridiculous, isn’t it? In fact, the whole thing just feels like one big game sometimes, which kind of got me thinking: What if finances were a game? A video game, to be precise! After all, many people find it hard to engage with stuff like saving and budgeting, and an off-the-wall approach might be exactly what it takes to get them involved. So, here’s a few ways that managing money is just like playing a game.

(This could work with any hobby, but I’ll go with gaming because that’s my thing.)

The Fire Dragon

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Whether it’s slaying Skyrim’s dragons or buying designer shoes at the mall, our goals are what keep us motivated. Sadly, they’re not always simple to achieve! Everyone wants to vanquish the dragon, but you can’t do that until you find its lair. You can’t find its lair until you get the map. You can’t get the map until you visit the temple. You can’t reach the temple until you visit the blacksmith, and so on.

Similarly, those sweet Converse won’t just appear on your feet. You can’t buy the shoes until you save up the cash. You can’t save the cash until you cut back your spending. You can’t cut your spending without making a budget. You can’t make a budget until you learn how. Sure, it all sounds tedious, but it’s merely the means to an end. Always keep the goal in mind, and you’ll be amazed at what you can slog through to get it.

Random encounters

Money - Savings

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Games and life both like to throw curveballs every so often. You never know when some goblin might score a critical hit and wipe you out, just like you never know when your laptop might crash or your energy bill might spike. Put money aside each month and consider it your backup save file, ready to step in and save the day if you take a nasty hit. A gamer will tell you that saving is the best way to counter unexpected mishaps, and a financial adviser will tell you the same!

Big, mean boss fights

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Sometimes the phrase ‘curveball’ doesn’t quite cover it. If your car dies, your ceiling collapses and your wallet goes missing all in one week, you might face bills that even your savings can’t handle. It’s life’s version of an unfair boss fight, and you’ll need a hand getting past it. This is where a loan may become necessary.

The loan you choose depends entirely on your situation. Make sure you do your research and don’t rush into anything blindly. A larger loan over a longer period is useful if you’re buying a house, but a short-term company (like New Zealand’s Pretty Penny Loans, for example) is the better option if you need cash right away.

It’s like heading to the tavern to hire help for the boss fight. Bloodsquisher the Monstrous may have a cool axe, but a closer look at Jane the Plain reveals that she can lethally exploit the boss’ biggest weakness. Be smart and informed, and you’ll do fine.

Anyway, this is all light-hearted, so don’t take it too seriously. It’s only meant to illustrate how a fresh perspective can make your finances seem more approachable. Much like backtracking through a level, you never know what you might’ve missed the first time around!


Debit cards can make you vulnerable to fraud – Safeguards you should be aware of

Although credit card fraud garners all the attention for cyber threats and data breaches, the actual weak link lies in your wallet, your debit card. Debit cards are tied directly to your bank account and hence if there is any kind of fraud, your money will vanish immediately and you may have to wait for too long to recuperate the money. This may mean missed payments, hours lost on the phone and fees. Moreover, if your PIN is stolen, be ready to expect more hassle.

When you see credit card fraud, you alert the lenders, you don’t pay the bill and hence there is no cash out of your pocket. This is why experts recommend you to make non-cash purchases with a credit card. Nevertheless, if you don’t prefer credit cards for various other reasons and prefer using debit cards, ensure following the below mentioned safeguards to avoid a drainage of your account.

#1: Never tie your emergency savings with your checking account

You might feel tempted to link your savings account which holds the emergency savings to your checking account so as to avoid overdrafts. But this is always considered as a big ‘No’ from experts as a single incident of identity theft or fraud could simply wipe off your entire savings. Therefore it is better to keep your emergency fund in a different online account. Instead you may consider putting a CD at your bank as they tend to work differently.

#2: Make sure you change your PIN quite often

The perfect nightmare scenario would be when an identity thief gets hold of both your debit card and your PIN. If you want to avert such a dangerous situation, make it a habit to change the PIN every month. Majority of the banks allow you to do so through the ATM and you may even do it over phone.

#3: Set up text and mail alerts

Irrespective of how careful you remain, you may still be subject to identity theft. You therefore need to stay proactive by setting text and mail alerts so that you’re immediately notified once things go wrong. Get alerts for every single transaction. This might seem annoying but that will also mean that you’ll know immediately if anyone makes a fraudulent transaction. You can catch the thief soon if you have the perfect alert strategy.

#4: Use only bank ATMs

Often it is seen that it is easier for preventive devices to go unnoticed when you transact through random ATMs in a mall or in some convenience store instead of an ATM located in the bank branch. The bank owned ATMs which are situated far away from the branches also pose a huge risk. They are not always monitored at the best level as the ATMs which are attached to the branch. Hence always transact from the bank branch ATMs.

#5: Utilize pre-paid card for online payments

One of the riskiest things you can do is use your debit card online. If you strongly stay away from credit cards, you may get a reloadable pre-paid card and use it for online shopping. You will keep away thieves from your bank and also maintain a safe distance from the temptation of over-using credit cards.

#6: Never note down your PIN in your phone

It is enough tempting to put your account number and PIN in your smartphone when you tend to forget. But remember that the biggest reason why thieves run after phones is not because they can sell them but to grab your personal bank details which you’ve stored there. If they get to know your PIN and they successfully steal your wallet too, you can be sure that your account will be drained.

Hence, if you don’t want to lose your hard-earned dollars which you have been saving for a long time, make sure you follow the above mentioned precautionary measures. Always keep checking your text message inbox and mail for notifications and take immediate actions.

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Dodge These Job Issues That Could Cripple Your Finances

Dodge These Job Issues That Could Cripple Your Finances

It should come as no surprise that your job can and will affect your financial situation. The two go hand in hand with one feeding into the other. If you don’t have a job, your finances are going to take a hit. However, there are certain financial issues caused by careers that people simply do not see coming. Due to this, they never have time to deal with them effectively. These are the issues you need to watch out for and how to stop them putting you in a crippling financial situation.

 

Long Periods Of Unemployment

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Leaving university this year, you may remember two words above all else. One year. That’s how long professors now believe it will take students to find a job in a permanent position. A job that is within their chosen industry that they studied for. Sure, there’ll be outliers and someone’s got to get the worm early. But for many, that one year will be the norm, and that’s a problem. However, when you’re young, it doesn’t matter too much. You can take other jobs until you find a career that you enjoy. You don’t need to settle into a permanent position just yet. It’s when you’re older that a long period of unemployment can become an issue. You see, a long period of unemployment is like a house that hasn’t sold. It looks terrible because it seems that no one is interested. This is exactly what happens to you after a long time of being unemployed. Employers start to assume you have nothing to offer. To avoid this scenario, you need to keep training and keep learning new skills. This will make you highly employable even if you are made redundant.

 

Unpaid Work

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Granted not quite as serious as redundancy, but this will have an effect on your finances. It’s always disheartening when you realize that you haven’t been paid for your work. Usually, this is because your overtime hasn’t been accounted for. Interestingly, there’s a confrontation in Hollywood about this right now. Workers on the film Sausage Party are complaining many were not paid for the work, nor did they receive accreditation. It’s unclear whether these claims are true but both sides are currently throwing punches. If you’re in Hollywood, this story will attract media attention. Due to this, any wrongdoing will most likely be resolved without legal action. In a typical work industry, there’s no such luck. Instead, you’ll need to contact an employment lawyer for unpaid wages. They should help you get what you are owed and keep your finances in the green.

 

Unfortunate Accidents

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In the UK, the government is doing it’s best to get AI lawsuits abolished completely. AI law has become a huge multimillion dollar industry with lawyers profiting every day. Unfortunately, these lawsuits tend to put immense financial pressure on companies. What about the workers, though? Without these lawsuits, an employer may not feel obligated to pay if an employee. Even if they are left unable to work. There are thousands of people off work right now and not receiving any compensation. Again to right this wrong you need to contact a lawyer. Only they can help you get justice and ensure you are paid when you are unable to work.

 


Hidden Secrets to Saving for Retirement

Hidden Secrets to Saving for Retirement

Gone are the days where you worked for a certain number of years and had nothing to worry about when it was time for you to retire. Now, in order for you to have a nice-size nest egg, you need to start saving for your retirement as soon as you start working your first job. The average person doesn’t give much thought to their retirement when they are just starting out. However, that doesn’t mean that it is too late for them to start today. Here are some tips and tricks that can help anyone save for their retirement so they can live a comfortable life, not an impoverished one.

Calculate Your Needs

You need to have a realistic picture of how much it is going to cost for you to support yourself once you retire. Don’t assume that if you stick with your employer long enough that you are automatically covered. Take a look at your retirement savings and do the math. Don’t forget to account for the cost of living and inflation. Ideally, you should expect to save up enough money to replace up 60 to 80 percent of your pre-retirement earnings.Brush up on your financial knowledge by readingbooks and surfing the internet on how to start planning for retirement.Fisher Investments Plan Your Prosperity by Ken Fisher lays out what to consider you should consider when planning for retirement. On the internet, Business Insider has a list of the best online financial websites. You can’t do too much research!Don’t forget to check out other sources of information as well.retirement

Check Out What Your Employer Offers

Many employers offer their workers a 401(k). This type of account can be a significant source of your retirement savings if you utilize it properly. Since most employers match a percentage of their employees’ contributions, increasing your own contributions can really pay off. You are essentially getting free money to improve your quality of living in the future.

Many entrepreneurs, independent contractors, and self-employed professionals do not have a 401(k). However, there is an alternative that they can still take advantage of: IRAs. There are two types of IRAs:traditional and Roth. Just like 401(k)s, you can contribute money to IRAs and watch the money grow without being offset by taxes. Just stay mindful of the limits and rules that govern IRAs. For example, the maximum contribution anyone can make to their IRA for 2016 is $5,500. Anyone who is 50 or older can contribute up to $6,500 a year.

It is also possible for you to have a 401(k) and an IRA. If you do, plan your contributions so you can enjoy all of the advantages and increase your retirement savings significantly.

Mutual Funds

Learn what you can about mutual funds, especially target-date ones. Target-date mutual funds can be great investment tools if you utilize them correctly. For example, the “target date” mutual fund uses the date you plan to retire and adjust risk. Once invested, the mutual funds regularly invest into products with consideration to your situation in life.

Social Security Is Extra

Think of social security as dessert. Since you don’t know how much of it will contribute to your monthly income, it is best to leave it as a possibility, not a complete certainty.

Investment Options

There are other sources of retirement income available; however, most require you to make an initial investment. Many of these options do not pay right away. In fact, many of them offer a bigger return on your investment if you are willing to invest for longer   periods of time. Talk with a financial adviser to learn more about your options. Investing for retirement is not as hard as it sounds. With the right amount of knowledge, guidance, and options, you can grow your retirement savings while you sleep. p>

Don’t Touch Your 401(k) and IRAs

If you switch jobs, you may be tempted to cash out your 401(k) or IRA. Not only is this a bad practice, it is one that can hurt your retirement savings efforts tremendously. Instead, a much better option is for you to roll your 401(k) over to your new employer so you can continue what you’ve started to avoid having your hard-earned money taxed at 10 percent and penalized by the IRS at 7.5 percent. IRAs also have age restriction rules that you need to be aware of.

Save Your Windfalls

Every now and then you may receive a bonus from work, a raise, or even win the lottery. While that extra money can help to increase your comfort and financial situation now, they can be more beneficial if you add them to your retirement savings.

Once your retirement savings reach $75,000, you’ll find that increasing it is much easier. Plan your savings decisions wisely and you’ll be able to reap the benefits when you retire.


4 Reasons Why You Are Living from One Paycheck to the Next

4 Reasons Why You Are Living from One Paycheck to the Next

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In today’s economy, many people are living from one paycheck to the next. It seems like they cannot get ahead as financial opportunities are hard to come by. No matter how much they try, they are tapped out financially, bills keep coming in along with unexpected expenses. If you are one of these people, you know the struggles all too well of trying to find your way out of the financial hole that burdens so many people today. There are a number of things that could be causing you to struggle just to make it from one paycheck to the next. Check out some of the common culprits below.

What used to be a luxury is now a need.

If you were to take a look around your home, you could probably find a number of different things that you don’t need. These luxuries can drain your bank account quicker than you realise. Things like cable or satellite television, eating out at your favorite restaurant and buying a fancy pair of pumps are all things that you can do without. Unfortunately, many people are so into the habit of having these nice things that they cannot seem to break free from the circle and put an end to their problems once and for all. You need to realise what things are necessities and what things are luxuries. That will help you reorganise your finances fairly quickly.

You aren’t making enough money – poor cash flow.

One of the main reasons why people are forced to live from one paycheck to the next is because they aren’t making enough money to make ends meet. Whether it be that you are underemployed or you simply aren’t looking for better paying work, you need to take a step back and reevaluate your financial situation from a realistic perspective. Stop and really think about what you need to make each month to be comfortable with where you are in life.

Taking advantages of benefits is another way to increase your monthly cash flow. Getting subsidies on certain bills can make a huge difference to the budget. Avoid taking out high interest loans for emergencies and look for alternative assistance like advance benefit payments or other government or non-profit sponsored loans.

You are stuck in your ways.

Many people get to the point in life where they just assume that they are stuck in their current situation and there is nothing they can do to change it. However, that isn’t anywhere near the case. You don’t have to deal with the struggles you are. You have the power to put an end to the credit card payments and car payments. You can choose what you want and what you want to kick to the curb.

You have to do something new to change your situation, more education or ask for more responsibility in your current role.

You are spending too much.

Countless individuals spend more money than they bring in each month. You need to be the one to put a stop to your spending and gain control of yourself. You need to look at what you are spending and how you are spending it. Planning ahead and coming up with some plan of action can go a long way in controlling your bad habits. You should never spend above your means.

By identifying the main reason why you are living from one paycheck to the next, you can begin doing something about it and changing your financial situation around for the better.


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