Archive for February, 2009
Keep Them Handy: Budgeting Tools that Work
Budgeting your monthly expenses in order to get the greatest return on your income (and perhaps, even put aside some for saving!) doesn’t have to be extremely hard.
Various budgeting programs are available for use. Money management programs provide you with a usual package that allows you to enter your cash inflows and outflows, categorizes your expenditures, and at times, presents to you analysis of your spending behavior. Through these programs you can also input the various payments you have to make monthly, and subsequently track if you’ve paid your dues on time. Moreover, some programs also offer you a tax form draft that will help you make sure you’re not missing out on any dues or any deductibles, for that matter.
Another budgeting tool that you can utilize are coupons. Various stores and magazines contain coupons that you can use to get discounts on various products. Should there be a need to purchase a particular product for which you have a coupon for, you will end up saving a fraction of what you might have had to spend on a regular purchase.
Lists—whether on a piece of paper, on your cellular phone, or on your personal digital assistant (PDA) will help you keep focused on what you have to buy, and in effect, keep track of the purchases you make. A classic example is your regular grocery trip. Prior to making the trip, plan out the week’s entire menu and identify what food items and materials you need to purchase that are unavailable in your pantry. Then, make a list of other household items that you’ve run out of (or are eventually going to run out of before you can make the next trip to the grocery). Armed with these lists, you can go to the grocery and know exactly where to go and what you’re going to buy. Without these lists, you will walk idly along aisles, and will likely pick up various food items that you won’t likely need in the immediate future, or already have at home.
A filing system is perhaps one of the best budgeting tools you can have in your home. With simple, labeled file folders, you can put together your bills, your receipts, and whatever bank documents are issued to you when you save or pay. By putting together your bills, your credit card receipts, and the like, you are able to keep track of how much you owe and when your payments are due.
Effective budgeting tools are those that best address your needs as a consumer. Create your own budgeting tool or find a program to do it for you—just make sure it suits your lifestyle.
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February 26th, 2009
Darkness Ahead, The Quest For Sustainable Power
A looming danger is ahead, darkness everywhere, no electricity, no oil. What happens to us when oil runs out? Can you imagine nothing to fuel our cars, airplanes, tractors, a decline in farming, a decline in food production? The future seems gloom, everybody’s predicting that humanity itself will fall into decline. The richer countries siphoning of crops from third world countries to create bio-fuel; the third world countries slowly fading in hunger. We need to find sustainable power and we need it fast; our very existence depends upon it.
Solar Power
When we think of alternative energy resources, solar power immediately comes to mind. Evidently when we talk of solar power, we speak of harnessing the suns god given energy. This solar energy is transformed into electric current with the use of photovoltaics, concentrating solar power and other various technologies which are currently in the developmental and experimental stage. Solar energy works well for domestic electricity supply.
Wind Power
Employed for ages with remnants of its bygone past still evident in Northwestern Europe, the Wind Mill is making a come back. The best thing about the power of the wind is that it can never be depleted. It is natural, all around us and all we have to do is construct wind farms and then everything’s done. Economically utilizing the power of the wind makes sense. It literally has no maintenance and overhead costs.
Tropical countries use hydroelectricity as their source of power, using the waters gravitational force which comes from a high source. This is a great alternative for energy, it is a whole lot cheaper and it is environmentally safe because hydroelectric plants do not emit dangerous substances in the air nor the waters. It is pure nature. Fossil fuel driven power plants emit dangerous gases into the air while plants that are hydroelectrically driven are proven to emit a much lesser degree of greenhouse grass.
Nuclear Energy
Another source of alternative energy is nuclear energy. Nuclear energy together with other kinds of nuclear technology can harness energy. Nuclear reactors can generate steam energy by heating the water thus converting water into steam and then converting the steam into electricity. Nuclear energy are widely used in vessels and ships from all over the world.
Geothermal Power
Geothermal power is the heat that is being amassed down below from the earth’s surface. This is another way of making conventional power than that of fossil driven plants which is very much costly. This power is much feasible and also another environmental friendly alternative source of power driven by nature itself.
One big geothermal plant can power up to one whole urban community, supplying all the power it needs while a small geothermal plant can power up a small village and small buildings. One good thing about natural sources such as this one is that a geothermal power plant does not harm the air or the ozone layer because they do not emit poisonous gasses while in operation.
Using any of these alternative power sources can help us and the earth as well. It is cost effective and they are much less harmful to the earth. Using bio-fuel and using alternative power sources can be a way to save the earth and this is the future of our world.
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February 25th, 2009
A Frugal Lifestyle
The word “frugality” has left a more negative connotation for most people than simply being a saver, a cheapskate or tightwad. There is a thin line difference to saving and too much frugality to the point of being awkward and ridiculous. This is where the negative connotation comes from.
But if you are guided with the right principles and reasons in deciding to live a frugal life, you would never go wrong.
If you have decided to live frugally, no need to be worried of insults. Keep your head up high. And keep your focus through these tips.
1. Eating Out - Having gimmicks with friends on a Friday night is fine if you do it once in a while. But this can be expensive if you add them up at the end of the month.
2. Clothing - Naturally, if you are the kind of person who adores signature and designer clothes, do not expect that there will be something left of your take home pay. Instead of being trendy, wear clothes that can easily be matched with your other clothes.
3. Own Home - If you are planning to move out and find a place to settle, do not be overwhelmed by the excitement, instead be practical. As a start, buy a smaller house or try other ways like rent-to-own, do-it-yourself arrangements, and owner financing.
4. Buying Your Own Car - Shy away from sports cars or SUVs. Just stick to your purpose of buying a car which is to transport you anywhere you need to go. Check out also program cars like a new car warranty. Maybe this is not just the best time to replace your car with a new one.
5. Shopping for Groceries - As much as possible do not go with items that are branded. Choose non-brands and try looking for items on the highest or lowest shelves for best prices. Grab the opportunity and shop during sales or use coupons.
6. Family Out - There are inexpensive ways to bond with your family and be entertained like going to libraries, local parks, malling, picnics, visit friends and local church.
7. Buying School Supplies - Stock school supplies at home and do not buy anything fancy.
8. Be contented with what you have and try to live within what you earn.
9. Plan your Child’s College Education - Teach them the ways to be independent and self-supporting by encouraging them to apply for scholarships and “on campus jobs”.
10. Be Aware of your Financial Limitations
11. Anticipate your Failures by Planning - Have always a budget plan so you would avoid impulsive buying.
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February 21st, 2009
Biofuels are a Green Energy Source
Biofuels are also a green energy source. It has been around for a very long time and lately, people are beginning to take notice.
Liquid biofuel which is the one used in cars is a natural and renewable domestic fuel that can only be used for diesel engines. This can be made from vegetable oils mostly soy and corn. The nice thing about it is that it contains no petroleum, is nontoxic and biodegradable.
By fueling up with biofuel, you decrease the pollutants in the air because it does not emit anything. Right now, it is the only fuel approved by the Environmental Protection Agency (EPA), passed every Heath-Effects Test of the Clean Air Act and meets the requirements of the California Air Resources Board (CARB).
One example of this is biodiesel which is made from alcohol like methanol and a chemical process that separates glycerine and methyl esters (biodiesel) from fats or vegetable oils. Aside from methanol, some countries have also experimented with corn and sugarcane to create their own version of biofuel.
Glycerine is a common products and this is used in making toothpaste and soap. Since it is quite new, the process of converting it is quite expensive and right now, this is still much more expensive per gallon compared to petroleum.
But if you look at what you pay for it, the returns are huge because you get to do your share to preserve a cleaner environment, an improvement in air quality and a reduction of cancer-causing agents.
A cheaper and primitive way to make bio-diesel is by collecting cooking oil and then processing it. This may not good your car’s engine so be careful if you decide to use it.
If you are skeptic about biodiesels, studies have shown that its performance on the road is just as good as petroleum in terms of power to efficiency, hauling and climbing. You can use this in its pure form or blend with petroleum fuel. The most common mix in the market is 20/80 and is referred to as “B20.” This means that 20% is biodiesel and the remainder is 80%. Another version is the E85 which is fuel composed of 85% ethanol and 15% gasoline.
The best part about using biodiesel is that you only have to make a few changes in your engine to be able to use it. Aside from making the car run, it also helps clean the engine. If you are concerned that this will void the warranty of your vehicle should there be a problem, don’t worry because it doesn’t. In the US, B20 is the most common one available but there are only a few gas stations that carry it.
When car’s first rolled out in the beginning of the 20th century, Henry Ford planned to make these vehicles especially the Model T’s run using ethanol. Tests have even shown that these may also run using peanut oil.
This never materialized because huge oil deposits were discovered and diesel was cheap. It was only when our demand for oil increased in the 1970’s, 1980’s, 1990’s and in the early part of this year that people began to realize that to reduce our demand for foreign oil that we should try using biodiesels and other forms of alternative energy.
Is it too late? Not yet because there is still time to use biofuels and others as green energy sources.
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February 21st, 2009
6 Top Tips for Finding Recession-Proof Jobs
Recession can be a very stubborn thing. Once it drops by, it can take a while for it to fade away and disappear. However, that doesn’t mean that we should simply sit back and let it overcome us. It can, after all, wreck havoc on our finances and personal lives. In these tough times, finding a job already seems improbable – just imagine being in the market for jobs that are not affected by recession. But take heart. There’s still hope yet. Here are top 6 tips for finding recession-proof jobs:
Look for jobs in secure industries.
If you’ve read the news by now, trying to get a job in an auto plant is like trying to get on an elevator that’s going down – and you’re trying to go up. The same is true if you’re trying to get a leg in real estate.
Instead of wasting your time trying to join an industry that’s experiencing some bad times, try to set your sights on industries that have remained stable or are experiencing growths. These include:
- Health care (nursing, caregiving, special care, medicine, physical therapy and other support manpower)
- Law enforcement
- Information Technology (network administration, software design and development)
- Support Services (customer service, administrative assistance)
- Sales and business development (product management, retail and wholesale)
- Engineering
- Education (teaching, school administration and other related support services)
Boost your resume.
If an employer sees nothing promising or exciting in your resume, they won’t think twice about throwing your piece in the trash bin. Before you try to hook a recession-proof job, consider revamping your resume right now. Take a copy of your latest and review it. If your resume is several months old, there’s a high likelihood that it needs a makeover.
Focus on accomplishments.
A common error among jobhunters is detailing their job descriptions in their resumes. Although this is helpful in establishing their work experience, it may not always give the prospective employer a good idea of what you can do. Emphasize on the results that you have produced instead.
Adapt your resume.
Typing out and printing a generic resume is a huge mistake. Generic is average, which means that you have very little to help you stand out from the crowd. If you want a recession-proof job, make sure your resume is something that your employers will find attractive.
Consider the industry you’re targeting. If the job calls for someone who has a strong sales experience, emphasize your sales background. If the job calls for someone who had been involved directly in marketing and promotions, show your qualifications in these departments. The more relevant your resume says you are, the better you’ll be at landing a recession-proof job.
Expand your reach.
Other than advertised job vacancies, consider other venues for finding recession-proof jobs. Look for trade magazines, papers, clubs and associations. You could also tap your network of professionals in the same field.
Get further education.
In tough times, you ought to arm yourself with tougher credits. One is by obtaining additional training or education. Getting certified or expanding your professional qualifications will help make you a more desirable hiree.
Recession-proof jobs are usually the most popular among jobhunters who are probably considering the same strategies as you right now. It’s likely that for every recession-proof job that is available out there, there are thousands of other jobhunters out to get it. If you have better qualifications courtesy of better training and experience (in case you’ve had hands-on education or internship), you’ll come out as the best, most capable candidate.