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What Color Is Your Parachute?

What Color Is Your Parachute? 2019: A Practical Manual for Job-Hunters and Career-Changers
by Richard Nelson Bolles
With more than 10 million copies sold in 28 countries, the world's most popular job-search book is updated for 2019 and tailors Richard Bolles's long-trusted guidance with up-to-the-minute information and advice for today's job-hunters and career-changers.
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A Starter's Guide to Personal Finance

March 2 2019 - Personal finance is related to how you manage your cashflow, including your income, savings, expenses, and investments. By taking tighter control of your finances each day, you could enjoy a healthier bank balance and reach your financial goals at a faster rate. However, to maximise your income and savings, you will first need to improve your financial literacy. To do so, read the below starter's guide to personal finance.

A Personal Budget

To take control of your finances, you'll need to devise a budget with your long-term financial goals in mind.

It might help to follow the 50/30/20 budgeting rule, which is as follows:

  • 50% of your net income (after taxes), which should pay towards: rent, utilities, groceries, transport and other living expenses.
  • 30% towards your lifestyle expenses, such as clothing, restaurants, etc.
  • 20% allocated to your financial future, such as reducing your debt, building an emergency fund, saving for retirement, investments, etc.
Prioritise Your Financial Goals

Of course, to effectively create a budget, you'll first need to prioritise your financial goals. This will ensure you pay close attention to the ones that are most important to you.

To boost your bank balance and ensure financial security, you must set:

  • Long-term goals (Escaping debt, buying your first home, early retirement.)
  • Short-term goals (Following a personal budget, reducing your expenditure, avoiding credit card debt.)

By focusing on your monetary goals, you can avoid making foolish decisions, which could lead to financial hardship.

Ask for Financial Advice

Once you have augmented your savings, it might be worthwhile investing your wealth to improve your financial security. To make an informed decision, you should seek professional advice. For example, Castle Finance can provide assistance on the next best steps to take regarding your finances.

Monitor Your Credit Score

In addition to savings and investments, your credit score can also determine your financial future. If you dream of owning your own home or want to secure some form of financing, you'll need a rock-solid credit history to do so.

The factors that will determine your credit score will include:

  • How long you have had credit
  • Your credit to debt ratio
  • Your payment history

To ensure you never build a poor credit rating, you'll need to make debt repayments on schedule and avoid living beyond your means. It might also be beneficial to set-up direct debit repayments when possible to ensure you never miss a payment.

Family Considerations

While building a healthy emergency fund and eradicating debt are crucial to your financial future, you must also consider your family members should the worst happen. For example, it is an intelligent decision to invest in different types of insurance policies, such as:

  • Home insurance
  • Car insurance
  • Life insurance
  • Employment Insurance
  • The above policies will ensure your family's finances are protected if your property is damaged, your car breaks down, you suddenly pass away, or you lose your job.

    You also should ensure your estate is bequeathed to your loved ones in the event of your death by writing a will. Doing so could save your family a considerable amount of heartache and expense.

    Resumes For Dummies
    Resumes For Dummies(r), 6th Edition
    by Joyce Lain Kennedy
      Get the jump on the competition with the first book that tells you how to create a resume that takes advantage of today's technology. Say goodbye to ugly, plain text formats and welcome the return of the handsome resume - fully formatted and reader friendly. This newly revised guide shows you how to craft a "StandOut" resume that'll get your foot in the door.
      More information and prices from:
    Amazon.com - US dollars
    Amazon.ca - Canadian dollars
    Amazon.co.uk - British pounds
    Amazon.de - Euros



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