Deal With Your Finances The Right Way

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One of the hardest parts of growing up, is dealing with all the money going in and out of your account – the worst part being when it comes out of course. Once you hit adult life, you realise just how financially demanding it all is and you will soon wish you could be a child again. There are so many bills to pay, as well as insurance, tax, groceries, clothes, and the luxuries that we often crave. It’s hard to live a lifestyle that you can’t afford, especially when you like the finer things in life, but the last thing you want is to fall in a never ending spiral of loans that begin to consume your life. – It’s a slippery slope that feels so good in the beginning, but can all go pear-shaped within the blink of an eye.

There are so many responsibilities that are asked of us, and that’s not to mention trying to juggle work on top of that, family life, and still managing to have a social life too. A lot of people who begin to struggle will start to close themselves away, sometimes without even realising they’re doing it. But this can begin to get unhealthy. Sure, you may realise that you can’t afford all the outings on the weekends, but that doesn’t mean that you have to shut people away. Nothing good comes from sitting inside of four walls trying to deal with all of your problems on your own. – It’s okay to ask for help. In fact, it’s encouraged. So if you really feel as though things are getting a little too out of hand, then always know that you can talk about it. Don’t let it consume you.

Unfortunately you can’t run away from money problems. You can certainly try, but they will soon catch up with you and will be twice as bad. There will come a time where you have finally had enough and you’re ready to take charge and control what’s going on, the proper way. Whether you’re in debt, struggle with overspending, aren’t making enough money, or don’t have any savings, know that there are always options and solutions no matter how bad you think your problem is.

Here are some tips and advice to get you onto the right track.

Cater to your own personal needs.

It’s important to know that every single person out there is different, so your friends may have some great money hacks that work for them, but that by no means means that they’ll work for you. Believe it or not, the kind of credit card you own can have a huge impact on the way you spend your money. For example, if you have a card that allows you to keep spending even you don’t have the money in your account, this can make it very easy to impulse buy because nobody is telling you no, but this is how you end up owing people money, and that’s not something you want to experience as it will cause you an awful lot of stress. So it’s all about finding the right credit card for you. There are sites out there that give you a whole bunch of information on what’s available, so if you’re not sure what direction to go in, have a read and then you can make a decision that is catered to you.

Speak to a professional financial advisor.

Trying to manage your money properly can be very difficult, especially if you’re not quite sure what it all means. You shouldn’t be embarrassed to admit this because a lot of people aren’t really sure how to keep their money safe. A financial advisor is a professional that specialises in all things finance, and they are able to give you their expert opinion on the best direction for you. In order for this to work well, you will need to be as honest as possible. This means telling them exactly how you tend to spend your money every month, including all the bills, as well as any other routines you have, like going to the hair salon or going to the gym, as these all cost money. They also need to know how much you earn too. With all of this information at hand, they can then evaluate exactly how your months pan out and what your lifestyle is like. By doing this, they will be able to advise you on things that you can do to not only save money, but also how to spend it more wisely that benefits you.

Always plan for your future.

No matter how old you are, it is so important to think about your future when it comes to your finances. No one knows what the future holds, and that is why managing what you have early on is so vital. Now of course, this doesn’t mean that you shouldn’t be having fun and living your life – it just means you should do this while being responsible and realistic. Every time you get paid monthly, rather than keeping everything where it is and regularly tapping into it whenever you please – break it up into separate categories. For example, open another account that’s purely for bills, and set up an automatic transfer from there with enough money inside every month to cover all of your bills, like the electric, water, tax, insurance, etc. Then keep your usual account for any personal spending, like clothes, food, and anything else you like. It’s also a good idea to open a savings account too, and whenever you can, transfer money into it. Then one day when you need money and aren’t sure what to do, you can remind yourself of your savings.

Now that you have a few ideas, think about your current circumstances and what areas you need to make a priority. As soon as you start taking control of your finances, you will feel as if a weight has been lifted off your shoulders, and you can begin to enjoy living all over again.

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The Benefits of Working Online

Working online can bring you all kinds of benefits that traditional office working simply can’t provide. If you’re looking to change up your way of working and maybe want to become your own boss, online working is certainly something that you need to explore. It could transform your life and help you to achieve what you want to achieve in your career going forward. Read on to find out more about the benefits of working online.

You Can Work From Home

When all of your work is done online, you can work from your home without any trouble at all. That means you cut out the morning commute, you don’t have to worry about making conversation with colleagues you hate at lunch and you generally get to make the most of your home comforts. There’s no doubt about it; working from home is pretty great.

You’ll be Ready for Future Changes in the Labor Market

You don’t know what the future is going to hold in terms of job opportunities. You should be thinking about how you can modernise your skills and integrate into the digital working world though. One thing’s for sure; more of the jobs in the future will be focused online. You can make this transition now so that you’re ready for the future changes in the labor market.

There’s a Lot Less Paperwork

When you work on computers, you can make your working life pretty much paperless. This is fantastic for anyone who’s ever experienced the mountain of paperwork that builds up on your desk. You don’t have to worry about any paper avalanches or important documents getting lost because it’ll all be stored carefully and efficiently on a hard drive instead. It makes life so much easier.

You’re in Control of Your Future

Many people who work from home also work for themselves, and this puts them in charge of their own futures and their own destinies. This has got to be a good thing because no one likes to feel as if they’re not in control. If you want to push on and complete online marketing courses by Squared Online, you should be able to do that. When you work for someone else, you often don’t have that flexibility.

Your Digital Skills Will Naturally Improve

Your digital skills will improve over time as you work online. So even if your skills are not the greatest in the world right now, they will improve from day to day, so you don’t really need to worry about that. If you’ve got the basics down and you’re willing to carry on learning as you work, you’ll pick up more and more skills with each passing month.

Working online might be a new experience for you, but you shouldn’t be too daunted by the prospect. There are plenty of ways to enjoy the benefits of working online, and if you’re not doing so already, it’s definitely something to explore for yourself. It might be a huge turning point in your career.

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Can You Fit Learning Around Family Life?

When you want to learn new skills, you have to find ways to fit that learning around the schedule that you already have in place. That might sound pretty straightforward, but when it comes down to the practicality of looking after a family, working and learning, it can all get a little more difficult than you had originally anticipated. However, that doesn’t mean it’s not possible because many people in a similar situation to yours have made it work. Here’s how you can too.

Make Use of Helpful Family Members of You Can

If your parents or parents in law are available and enjoy looking after your children from time to time, this can be something that can really work well for everyone. They can be looked after while you work, your parents/in-laws get to spend quality time with your kids and vice versa. So if you do have helpful family members who can help out in this way, make the most of it.

Consider Home Learning

These days, you can learn pretty much anything you need to learn without even leaving your home. This is all thanks to the internet and the wonderful connectivity it provides us with. There are ways to do home learning with Avado Learning as well, so you can still get that professional support if you want to learn at home. It’s something that’s certainly worth looking into for you.

Seek Out Other Kinds of Flexible Courses

There are all kinds of flexible learning opportunities out there. A lot of them will focus on online learning to some extent, but they’re not all 100% home learning. You should survey the options and don’t rule anything out until you’ve learned about it in a bit more detail. The kind of course you need might be out there already waiting for you.

Talk to Your Boss

If you have a job and you’re going to be going into education, it’s a good idea to talk to your boss and see what they have to say. They’ll more than likely give you opportunities to change your hours and work a little more flexibly if you take the time to explain your situation to them. In the end, they might benefit from your learning experience too.

You Can Make it Work if You Want To

Making things work is what life is often all about. You have to just find a way to ensure you’ve always got the chance to go your own way and achieve the things you want to achieve. It’s an old cliche but it still holds true for many people who find themselves in situations like yours: where there’s a will, there’s a way.

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Splashing startup cash? — 3 moneysaving tips to stay streamlined

You’ve got to spend money to make money in any business.

Before your firm’s introduced to the public, you’ve probably worked extremely hard to secure funding for prototypes, product testing, market research, stock and equipment.

But too much unfocused spending can jeopardise a new business before it’s even launched — and being thrifty is especially important when you’re balancing baby responsibilities as well as budgets.

So if you’re concerned you’re splashing startup cash, here are three moneysaving tips to stay streamlined.

1. Workspace with childcare

If domestic distractions make working from home unmanageable, but you can’t afford the outlay for an external office on top of childcare, finding a co-working nursery could be the ideal solution.

Co-working spaces have several advantages over leased offices — they can be more economic, often feature functional designs with a mix of social and quiet environments and facilitate natural networking opportunities to meet diverse potential collaborators.

And if you’re the main caregiver for your children, in-house creche and nursery facilities with qualified staff are the cherry on the cake.

Some of these establishments also offer flexible packages allowing you to only order the required hours for each month — meaning there’s no unnecessary expenditure when you’re on holiday or between projects.

2. Remote team

Depending on the nature of your business, whether you’re working from home or in a dedicated environment, you might be able to operate efficiently with a remote team.

If you’re struggling to recruit top talent for your enterprise in your local area, remote working allows you to hire from elsewhere in the country, or even abroad, to build a highly effective team.

But your communications skills will have to be particularly on-point to ensure that everyone’s collaborating smoothly, projects are completed on time and you instil a positive team spirit that bridges the physical distance and combats isolation.

Buying an accessible team communication app is one of the best ways to keep a remote team running like a well-oiled machine — it allows you to keep in touch when you’re on the move and phone contact isn’t viable.

3. Automated HR

Whichever way you structure your team, embedding the appropriate mechanisms for core HR functions like payroll and tax compliance is essential.

And it’s even more important when working across borders with remote teams in different jurisdictions.

Partnering with a reliable payroll outsourcing provider puts paid to any possible discrepancies with salary payments, expenses and tax obligations.

Trustworthy platforms provide greater accuracy than human HR staff, while covering crucial outputs like payslips, management reports and secure exchange of data with relevant third-party systems.

So when expansion justifies hiring a permanent HR partner, you can recruit someone focused on championing company culture and promoting staff wellbeing — rather than wading through admin tasks.

These three moneysaving tips will help your startup trim the fat and stay superbly fit for a successful future — start putting them in place today for peace of mind.

How did you streamline your business? Share your thoughts in the comments section.

Image: nattannan23

Have You Really Got What It Takes To Run Your Own Business?

Photo credit: Brooke Lark

Sometimes, the idea of running your own company can seem really glamorous. You can look at all of these high flying female CEOs and think, yes – that’s what I want. But, they make it look easy. They really do. You see the lifestyle and the cool companies, and that’s what you focus on. When really, it can take a lot of work. Running your own business isn’t something that you can decide to do on a whim. You have to be prepared. And not just to actually set up and run the company, but for all of the lows that go with the highs – which there will be many. So even if this is something that you’ve been wanting to do for a while, it’s time to work out where you’ve really got what it takes!

1. Be A Self-Starter

So first of all, you have to be disciplined. You have to be a self-starter that is going to be motivated, most of the time. Because you’re only human – so it’s only natural that you may have some days that you find it harder to get things done than others. But if you know that you won’t ever be motivated to work on your company, then forget it. Building a business takes work – so you have to be passionate enough about it to start making waves. 

2. Have Initiative

Then, it’s also handy to be able to take more initiative. Just take a look at these Fast Company ideas to find out how you can do that. But if you know that you aren’t an expert in certain areas, you need the initiative to hire people to help you. You need to know that certain things need to be done, and recognize that you aren’t the one to do them. And just make sure that you’re making the best decisions for your company at all times.

Image credit: Vana Ash

3. Value Innovation

Next, you need to be okay with new ideas and creativity. The world is always moving forward. As seen as a new technology launches, you should be testing it out and bringing it into the business. If you think that you dislike change and don’t want to work with modern technology, then a business may not be right for you.

4. Stay Ahead

Now, as a follow on from the last point, you not only need to embrace change and new ideas, but you need to stay ahead and invent your own! So research the market, look into cool ideas, like the CMC Markets platform, and follow trends. Then come up with your own platforms and ideas that allow you to stay ahead.

5. Care For Your Customers

Now, this final point may seem a little off compared to the rest. So far, you may think that you need to be a ball of energy, a fire starter, a genius. While all of these things can help, if you do not care about your customers, then you have a problem. A huge problem! Because without customers, you have no business. So, you need to really value your customers’ needs, and make sure that you’re giving them what they want with your product or service. Understand this and execute on it – and you will find success.