Posts Tagged ‘Financial’

How to reduce financial stress

December 26, 2009

It does not take a recession or a rise in unemployment to bring the financial burden. Many feel it every day – when bills come in the mail when they sit, bills, when they see a TV commercial for something they want but can not afford when they hear about layoffs, or even when they hear pay the rising costs of products or services they hope to buy someday.

Financial stress is like a tsunami, it starts a ripple of water in the middle of nowhere, and wavesCountry hit, making a mess in a five-mile radius. Grow bills, debts and financial efforts to do so stressed. And how is a tsunami, the effects of stress cause far more damage than you might imagine, if you do not learn how to treat it in a positive way.


There are basically two strategies to reduce the financial burden: improving the knowledge and execution of a written plan to achieve your goals. In depth knowledge of personal financePrinciples and strategies will show you options. Develop and implement a written plan shows you how to be visually possibilities a reality. Knowing that a certain reality is possible if you do certain things has a calming effect. It allows you to see the light at the end of what seemed previously to be infinitely dark tunnel without seeing an end.


Like most things, you will find fear at the root of most of the financial burden. Fear arises, and not knowingUnderstanding of the "big picture". If we do not know how to be able to the things we need and want without having to dig deeper we will make a hole, anxiety focuses on fear that is not properly dealt with manifests itself as fear and stress. When we talk about the financial principles and strategies to evaluate knowledge, we are able to understand the financial big picture. We know that there is no need for anxiety and stress, because if we do certain things, it is possible to achieve our financialObjectives.


You can see the financial picture and to feel more stressed out if you do not see how this vision can become reality. That is the power of planning – gives you a road map, has shown a clear course to get where you want to be. There are a few things you have to do to come with the maps.

– Prepare a profit and loss account and the spending decline. Write down all the liabilities and all sources of income. Next, examine your statement on exactlyAreas you can reduce costs. You will need all the movie channels on cable? Sometimes even electricity bills can easily be adjusted by using a monthly budget program. For ten of the best ever money saving tips, click on the link at the end of this article

– Prepare a balance sheet. A balance sheet tells you how well your money is being used. There are many examples of how to prepare it on the Internet.

– Plan to improve the numbers. Take charge of your situation by developing a planat any point on the improvement of the profit and loss account and balance sheet. For example, the desire to increase income is high on most lists. But the question is by how much? Just so far as possible, saying not "real" enough to motivation. Decision to increase income by 5% (an arbitrary number in this example) can be motivating, because you probably think it's doable. If you earn $ 3000.00 per month, you increase your income ie by 5% per month ever, your income of $ 150.00 per month.Now you can have concrete ideas about how to increase your income, because you click a "real" to test your ideas against.

Increasing your knowledge and consistent execution of a viable financial plan is really the best therapy for the financial burden. You then come to accept that there is no reason to worry, because you know what will work for you kindness if you do what you must do. To work on increasing your knowledge, develop a written plan and execution thatPlan consistently. You'll be glad you did.


Visa Financial Soccer Trailer

December 23, 2009

Financial Football is a fast, multiple-choice question game, testing players knowledge of the financial management skills, such as pre-determined area, and try to score goals. Play in single player or head-to-head mode against the computer or each other. Coming September 2009 until

Project Financial Management – 10 key steps to help streamline your business

December 21, 2009

In the last ten years we have been constantly with news about private and public projects that have either supplied significantly reduce the scope of the anticipated budget, or had to scale to even come close to bombing of the initial budget. The current status of project management methodologies only on the financial aspects of a project at a high level, so that working "students" with no real way to learn to understand the impact of their decisions on the financialResults of the program. In return, the business case development given in the shortest time and is usually a job rushed in the end. Invest in the right people and the time ahead to verify the feasibility and make the business case is a must to ensure the overall objective to deliver a project.

In the financial situation we are, where budgets are being cut down costs and the time is now to make sure that everything that is financing a company to provide that they do, it makes sense to invest – for that you needensure that the project at the end – Budget, costs and benefits are fully verified.

In this sense – the Pathfinder project management methodology as a basis, below the 10 key steps to successful project management will be

(1) On new projects – you invest time creating more feasibility studies and business cases, if it is a rushed job – at the end the results will provide overspends.

(2) Check your project portfolio – you areImplementing the right projects, they are nice to haves will have made it for internal political gain – ensuring that each business case is robust and provides added value for the company's future – spend time with former experienced individuals to review and to re Review the business case.

(3) Concentrate you look at how hard the benefits, since the cost. Wishes in 80% of the projects when they are, nobody go back and check to see if they delivered as promised. To ensure from the beginning of the projectCheck continuously, and the cost will be about the budget, changes to your project will not change your benefits.

(4) cost is not always the answer – the allocation of the resource "value added" projects – in today's world of cutting heads is an easy fix in the short term, do not throw the baby out with the bathwater and left the company, with projects in flight yet no experience with them to deliver. Instead, spend reviewing your project and, as in (2) focus on value creation.

(5)Development of the workforce – up-ability of their financial management knowledge to develop employees in management, health and safety, motivation, etc. – so when you put a non-financial managers responsible for a large project, it not about time they got the financial know-how. Let financial opportunity – the development of your employees.

(6) Divide the project into financially manageable sections. Too many projects to work on the basis of a "pot of cash" – they spend asper household and if luck is with them, great! Instead, take the "pot" and break it into manageable chunks structure – to your project, you can see where budgets of "workstream" and what are those pictured above / under-spending.

(7) "one point of contact records – too many managers implement the budget overrun – following (6) above – is the entire program manager with overall responsibility for the household, then at the same time each head part of the projects shouldresponsible for managing their part of the budget. This leads to a financial manager with a project manager to a single relationship.

To enable (8) aligned Deliver accurate and meaningful financial decisions. Less is more – agree on what is the reporting required by the project at the beginning and continually increasing, until they, what needs to manage the project for the program of work. As an accountant can provide 20 pages of analysis per month for eachProject that does not mean that it is correct – except the trees – to minimize the reporting and improve decision-making.

(9) Communications – have a close relationship between your project and financial manager. Money can not back office, they must become part of the project team and from that perspective, and therefore open and honest communication channels with no surprises.

(10) finances should be made aware of all potential risks / problems and likely costs – if a problemhas or may arise to finance early warning to fund what they can do to help to "be limited after the event."