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Daily Financial Advice Mallard 2-24-2014

Daily Financial Advice Mallard 2-24-2014

Bring extra quarters to work whenever you find a pre-1965 quarter, switch with your own. Each pre-1965 quarter has a melt value of $4.20.

As we have discussed in other articles having a job as a cashier at a store is not glamorous and at times can be downright boring. One of the best ways we have found to pass the time and to possibly make more money is by being on the look out for old coins. Also check if it is ok with your manager first but often times they will just be happy to know their employee is actively looking at every coin while on the job and being good with money is definitely a skill they want to make sure your have as a cashier. Whenever you see a coin that is old or a bill that is old hold on to it might be worth more than “face value.”

Old quarters such as those made prior to 1965 are actually made of silver and as such have a value of the price of silver not the $.25 that the coin is really worth.

Five Smart Financial Moves if You’re Starting a New Job

Making the switch to the new job is often an exciting experience,one where the new challenge and and new opportunities help make one look forward to reporting to work. But before everything is done and dusted, there are a number of steps or precautions that you need to ensure are in place before you start off on a new job.

Financial Moves Before a New Job

Taxes

You need to make sure that your job takes into consideration the tax requirements of whichever area you are working in, so that you do not get a rude awakening when calculating your net income. This is important because apart from federal taxes, taxes may vary from state to state in the United States or if you are working abroad. The methods that the firm uses when filing returns is also important, so that your federal mandatory earnings may not be misplaced.

Benefits

You need to take into account what benefits accrue to you, and how these affect your net income and your standard of living. These of course should include health insurance, housing and transportation allowances, meals as well as allowances that ease the execution of your job, like travel allowances.

Pension Fund Schemes

You should always query what schemes are in place in terms of pension or saving schemes, as these vary from work place and are critical to securing your future livelihood as well as your future finances. Sometimes firms develop their own schemes which have slightly higher returns and encourage their employees to invest in these schemes and it is aspects like these that one should look out for. Firms also work closely with different schemes that offer them preferential rates. You may want to examine these options as well.

Direct Personal Savings

Despite all official saving schemes that one has in place, one would wisely have a way of putting aside a nest-egg of sorts. This may be in the forms of direct remissions from your salary to that particular savings account that you put aside for a rainy day. When you are starting on that new job, try and ensure that this practice, if it has been in place, is maintained, or if it hasn’t, then now would be a good time to start.

Credit Management

In a society or economy that thrives on deferred payments, managing your credit is an important aspect of daily financial management. When you start on a new job, ensure that pending credit payments can be servicing in a planned and systemic manner, one that helps keep interest payments from accumulating as well as ensuring your credit rating remains good.

Several other aspects of financial management come into play when starting a new job but these five should at least get you on the way to making the transition to financial security significantly easier.

What Websites are Best for Finding Jobs

Finding good sites for jobs is not always an easy thing to do. Before you go and look into every option out there, you have to know which ones are reliable. Some might not offer the type of results and assistance that you need, leaving you unable to find a job, or at least find one quickly. In some cases, these sites can offer you a way to improve your visibility as well as your attractiveness to employers. This will help you to become employed, stay employed, and develop multiple connections with professionals like you. This will help you to move up in the world much more quickly and with far greater results than you could experience alone. We have compiled a list of what websites are best for finding jobs below.

best websites for jobs

LinkedIn

This is one of the most famous job related websites. This is social media for professionals. When you make your account, you will be found by many people in your professional field. You can publish information about yourself and your history so that people know more about you. Since this is social media, it is a great way to begin developing professional connections. You will be able to find people of all backgrounds and levels in your field. This will help you to go further than many other job websites can take you. You will leave a positive and lasting impression on people that lets you move up in your career. You will have more connections and fewer issues with meeting new professionals in your area.

CareerBuilder

It is hard to ignore popularity and size. CareerBuilder is one of those sites for jobs that nearly every person has visited. It offers several benefits for job seekers and makes it easy for you to work it into your current life. You will be able to post several resumes, which can be either public or private, and you can be mailed when a job comes available. This makes it easier to find a good job quickly, all while remaining private about it if you need to be. It is easy to take advantage of this and, with the many jobs available for people of all backgrounds, you can see exceptional results.

Monster

It is going to be difficult to cover job websites without mentioning Monster. This is another popular and trusted option that many people turn to for work. You can find many jobs here, though not all will be entirely trustworthy, as well as quite a bit more. Monster offers tips and advice for people trying to get into a job, along with features so that you can make yourself invisible to specific companies. This will help you to find a job that you like quickly and without problems from others.

Craigslist

While it may not be the most powerful or greatest of the sites for jobs, it is one that offers a large number of options. You can find careers from all across the world here and, because of its massive popularity; you can even find some that you might not find elsewhere. While you do have to be careful with trusting all of them, this is a great way to become employed more quickly.

Should I Use a High Deductible Health Care Plan?

Expenses for medical services can be very costly these days. For a person to go without health insurance is a dangerous financial risk. If a major illness or accident occurs a family can find themselves facing enormous medical bills. Medical expenses quickly add up and the inability to pay them can wipe out someone’s finances entirely. Many hospitals refuse to see patients who are uninsured unless it is a dire emergency.

At this point the patient is usually just stabilized for transport to another hospital that accepts the uninsured. Often people choose to take the risk of going without insurance because they think that they will not be able to afford the insurance premiums. Or they simply choose to take the gamble of going without health insurance because they are normally healthy and seldom need to seek medical care. Most health insurance policies offer many different packages to fit a variety of budgets. Health insurance deductibles affect the amount required for the premium, choosing a higher deductible will result in a lower premium.

This option is better than having no insurance at all. With a higher deductible a person has more out of pocket expenditure initially; however once that deductible is met the insurance will then cover whatever portion of the expenses they are required to pay. The insurance policy will specify the exact amounts of the deductible, what procedures are covered by the insurance, and what portion the insurance will pay. Most people are surprised to find out how quickly they can meet their deductible within a few physician office visits. If a major illness strikes and hospitalization is required that deductible could be met in as little as one day. A bill for the deductible amount is going to always be a better option than having to pay the entire bill for a hospital stay out of pocket.

One benefit to having a deductible is that a person knows exactly what amount they will be responsible for paying. There will not be any big surprises because they know what to expect. For people living paycheck to paycheck surprise bills can really throw off their budget. By knowing the exact amount required to meet the insurance deductible they can plan accordingly. High deductible plans are a great option for those looking to save money on insurance premiums and most people are in a safe position to take advantage of these savings.

People with chronic illnesses such as diabetes might find it more beneficial to go with a lower deductible, however for those who are generally healthy there is no need to pay a high premium for insurance that they may not even use.

Another benefit to having a high deductible is being a healthier person. Knowing that they have a high deductible often encourages people to take better care of themselves to avoid getting sick in the first place. This is a win-win situation, they are saving money on their health insurance premiums while getting healthier in the process.

The Pros and Cons of Taking an Unpaid Internship

As you progress through college, you will begin to notice more and more of your classmates pursuing internships in cities all over the United States and even the world. While this sounds like a luxurious experience, it can often be anything but. Companies world-wide are aware that they can hire college students as unpaid interns. Instead of being paid monetarily, these students are “paid” with the knowledge they gain through their experience, and must receive college credit to make the free labor legal. Interns usually must put in more hours than other paid employees, and do work that is far less rewarding.

Unpaid Internship

While most people would question why anyone would sign up to work in this kind of environment for no pay, internships have become an essential stepping stone for anyone trying to enter a professional field after college. Not only are they expected, but oftentimes they are required. It’s not all torture, though, when pursuing this type of job. There are a ton of positive aspects of these internships as well. The connections made can be invaluable, but it depends on the effort you put forth in your work. It is easy as an intern to be a small fish in a big pond, but if you make yourself heard, you can meet and impress some of the most important people in your industry. Once you have garnered these contacts, it is vital to keep in touch with them as you approach graduation. In such a competitive job market, if a position is available and it comes down to you versus an opponent who did not intern for the company, it is likely you would be the favorable candidate.

In addition to meeting some fantastic people in your industry, internships can often be parlayed into other opportunities. If you have multiple impressive internships on your resume, an employer will be more likely to hire you over someone who has little to no experience whatsoever. Taking an unpaid internship shows you are willing to sacrifice compensation to pursue something you are truly passionate about, and that you care about excelling in your field. Also, employers will often be sympathetic to financial needs. Many will allow interns to work three or four days a week, which would allow for a second job that pays. Though you will be busy, you will also be building out your resume even further.

In the end, choosing to pursue an unpaid internship is a decision you have to make based on your wants, needs, and abilities. If not, there are other ways to prove yourself. You can get involved on campus in various organizations pertaining to your interests, and pursue leadership roles that will impress employers. Unfortunately, though, because internships have become such an integral part of college education, many employers will expect to see at least one on your resume; so, if there is a way to pursue one, it will undoubtedly pay off in the long run.