Posts tagged: finance

Work + Money

Save Yourselves!

As the economy in this country continues its quick and downward slide, many individuals are worried about their savings. The outlook seems bleak from here. People work all their lives and still retire into poverty. What can we do to prevent ruin in our retirement years? How can we protect ourselves from the economic crisis that is affecting everyone? The answer lies in a few simple savings guidelines.

To start with, you need to separate yourself from the idea of immediate gratification. This culture is based on getting what we want when we want it. The entire idea behind a credit card is paying for purchases with money that you don’t actually have. Why would you buy something you don’t have the money to pay for? This attitude of immediate gratification makes it impossible to put money into a savings account. In addition to an attitude adjustment, you need to make sure you put your words into action. It isn’t enough to merely plan on saving money. You have to be the one to stick back a little bit with every month’s paycheck.

To do this successfully, you should set a schedule for yourself. Choose a portion of your income and stick it in a retirement fund on a regular basis. You should disperse your money throughout several funds to ensure that you have a variety of options. This way if you have a financial emergency, you will be able to draw from other funds besides the retirement fund. You need to look out for your own personal interests.

Juggling Responsibilities

Balancing your professional life and your personal life can often feel like a high wire act. The responsibilities of work coupled with the pressures of everyday life are enough to overwhelm anyone.

If you add motherhood to the mix, things can get downright chaotic! But you don’t need to feel panicked. There are a few guidelines that can help you overcome the stresses of work and family.

First of all, always keep a realistic perspective of your values. Decide what’s truly important to you, and if you’re feeling overwhelmed, take a moment to give yourself a reality check.

Does your attention deserve to be so consumed by the problems at hand, or can the tasks be handled with a different attitude?

If the work at hand is truly important and the responsibility is one that you shoulder alone, lay out a list of short term goals. By writing out the specific obligations, you will be less likely to forget any important parts.

As you complete each task on your list, you can cross it off. This will show the progress you are making, and help to calm you down. If you are calmer, you will be able to work more efficiently and happily.

The same rules go for your home life. Make a list of your top priorities - school events you can’t afford to miss, soccer games you need to make time for. If you manage your days well, you won’t have to choose between your personal life and your professional life.

It requires an effort, but if you make the decision to manage your work life effectively, you’ll be able to have more time for the things that really matter.

Investments - Choosing a Financial Planner

Let’s face it, navigating the investment arena can be tricky. We don’t all have the knack for finding the right investments or understanding the markets. It’s
important before investing to make sure you have a firm financial foundation.
One of the best ways to do this is with the help of a financial planner. The
first step in choosing one is to decide whether you actually need one in the
first place.





Personal finances


If your finances are relatively simple, a planner may not be your best bet, at least for right now. Keep in mind that you can still benefit from good advice at
various points along the way. If your financial situation were to change suddenly because, say, you suddenly received a cash ettlement, a financial planner might be helpful in deciding where to put your money.



If you are near retirement age, and have never used a financial planner, now would be a good time to think about one. This is especially important if you plan to start a business or travel. The concept of retirement has changed greatly, and it is certainly not an idle period in life. It actually can mean more financial flexibility, with no dependents and more time on your hands. Remember, it’s never too late to try to create a financial plan or change an existing one.



A good financial planner can help you understand the basics of investing in
various instruments. They should be able to make clear your investment potential compared with your present income or expected earnings. Your financial planner should be able to explain investment risks as they relate to your circumstances.

Your age, income and number of dependents will all factor into your investment decisions.




Finding the right planner

As with most things, word of mouth is always useful. If you have a friend who seems to be doing well, ask about their financial planner. Be sure to ask anyone who knows the markets to recommend a few planners to you, so you can do your own checks.


Once you contact a financial planner, they should be able to outline their areas of expertise. It’s not a bad idea to get one with knowledge of tax issues. Fees should be discussed up front, and find out what remedies if any are available to you if their work is not satisfactory.

While some persons feel that they can go it alone in the vast landscape of financial planning, this is not always a good idea. Markets fluctuate.
A financial planner can help you devise ways of meeting your financial
goals during the down periods.


Be wary of any planner who claims to have expertise in all areas. Besides, it is unlikely that you will be spreading yourself that thin. Remember, when it comes to financial planning, a little caution is never a bad thing.


Evaluate Your Debt

While waiting, it is advisable to get free credit review and refinance your debt.

The best company around is Lion Saves.

 Pay them a visit, let them check your status and give you the professional advise you need.

And guess what? The evaluation is free. Check them out and see for yourself.


Please share your experience with us too.