Personal Financial Solving

Unemployment is one of the situations more stressful to which we can face in our working life. Spend months, and after a timid initial optimism and some interviews, usually fall into the resignation and even the depression when our telephone stops playing.

Although it is not an easy task, we can prepare to survive the unemployment, and even minimize its negative impact if we have suitable tools. In MuyPymes os show some possible keys.

There are many factors that influence our decision-making when unfortunately, we were left without jobs. The take family burdens (or not), our age, training, network of contacts etc. are just some of the factors that may affect the find a new job. However, despite the numbers that gives the economic crisis seem to indicate otherwise, you can combat unemployment if we have the appropriate weapons.

What we are going to expose below is a magic recipe. Please note that many people find some parts that can serve as inspiration, and may that for many other concerned only with a set of phrases hollow and sterile. In any case, we believe that these are some of the keys that must be taken into account to survive in one of the situations more frustrating that we can experience in our working life.

Not swayed by the panic

We know that for many what we are going to say it is not more than a topicazo, but not ceases to be a great truth: believe it or not, the loss of a job can become an opportunity. What An opportunity for what? Perhaps one of the causes which have resulted our dismissal is that we were not sufficiently motivated, that we just restricting to meet but in reality we felt made.

If this is our case, we have the opportunity to rethink from scratch our lives. What are our vital objectives? Do we have abandoned? What can we do for retrieval? In the final… What do we want to do with our lives?

The rush are not good counselors

As explained above, the loss of a job is one of the situations more stressful that we can live, especially if we have family burdens, if we have to confront the payment of a mortgage, etc. In these situations, it is important that let us not lead by the anxiety and not take financial decisions hasty.

In this sense, this is not the best time to debt more (albeit for stopper other debts), nor of thinking in change of address, make use of our pension fund, etc. If we hurry, before taking any decision risky it is best count with the council of a financial adviser. Some financial institutions providing this type of services to their customers, and if not we can count with a firm without having to spend too much money.

Look for work is our new employment

Amazingly, some people are convinced that are going to find a new post in a few weeks, so often take advantage of his dismissal for taken some month sabbatical to “enjoy” of its unemployment benefit. The problem is when they realize that finding a new job is not as simple as they thought (especially in these times) and they have wasted part of its unemployment doing almost nothing.

This is the point where the stress, emergency, the bad decisions, they act of presence. In contrast, find a new employment is an activity that should begin the day after being fired. It is an activity that we must devote all our energy, as do in our previous post. Not enough to receive the jobs of a portal specializing. As things stand today, little result get if we do uns pro-active search.

Analyze our professional career

As we previously, the loss of our employment can be an opportunity to rethink our position in the labor market. In this regard you may feel the need to change professions, undertake a business by our account (giving free rein to our true vocation) or deepen our same field work. In any of the cases where we are considering a change in this field, we must take into account the following points:

1. Is it realistic to a 180 degrees to our working life at the moment?
2. Are We well enough qualified as to bet on a new occupation?
3. Are We sufficiently well-trained and “updated” to carry out such a change?
4. If it is not so… Do we have the resources necessary to mold and “update”?
5. Do we have sufficient economic resources as to survive for a period of transition?

Negotiate the dismissal

It is a truth as a temple in many times we will not have any kind of opportunity to negotiate the terms of our own dismissal, but strangely, in many more times of the that we believe we can reach a favorable agreement with our employer.

It is true, as in any other area, each case is unique and before starting any negotiation must be clear about what we want to achieve. In this sense, depending on the cases, we can for example agree compensation more high in exchange for that run in monthly installments, or waive some of the same in exchange for retaining during a time certain social benefits.

A plan for emergency expenditure

In addition to search for a new job, one of the first tasks that we must carry out is to design a plan to meet expenses, accomplishments and contingencies. In the first place we determine what amount of money we can count during the coming months (compensation, unemployment benefit, savings, etc. ) and then determine what we can dispense in case the situation last longer than expected.

In these cases is particularly useful figure of financial adviser, who can help determine to what we can save, which of our expenses are really superfluous, how we can unify debts and how we can effectively cope better our new situation. In any case, some tips that always useful are as follows:

1. Try to reduce unnecessary expenses, however small.
2. Not to increase our debt through the use of credit cards or personal loans.
3. If necessary, get in touch with our creditors to try deferring payments or renegotiate the terms.

The ubiquitous economic crisis is affecting with special virulence to freelancer and autonomous they see on the one hand how reduces the number of orders and receiving and, on the other, how it increasingly difficult to charge for its work.

Arriving in order to month can poses a challenge for this group of professionals who have no choice but to step onto the cart of savings to move forward. In MuyPymes we want to contribute 13 practical tips to cut our costs.

Each profession is a world, and we all know quite well how we can cut costs in order to “reach in order to month”. What we are proposing below therefore, it is not a man theoretical on savings, we are not going to discover the penicillin. Simply expose some small tips that, without being the panacea nor the magic formula of savings, if that can help cut the money we invest each month in our daily lives.

Finance

1. Try aside that money that right now no need for a future in which probably need. Begins to think that the money has ceased to exist. Do not have, on account for your future purchases, your vacation or even the mortgage payment. Use only in case of need, make sure he is there when you need it.

2. Think about the possibility of a personal budget. Determines the areas you can save. Short with all purchases and expenses that you consider redundant or unnecessary really. If you cannot let go of all them, least removes some of the most important, or several of the most insignificant.

3. If you get money unexpectedly (a customer with no longer count, for example) take to pay outstanding debts. As soon as possible “tapes these holes” better, because we do not know what the future we may hold.

4. In addition to create a “emergency fund” as the seen in the first of the points, we can plan the creation of another for “shopping unexpected”. Use it to give you a whim of time to time. The fact that we are in economic crisis does not imply that we should renounce all the pleasures of life.

5. Limited to maximize the use of credit cards. Cancels all credit cards that we have less than one, and that “a” use of a more responsible manner possible. Maintain several credit cards implies commissions, maintenance costs, encourages the consumerism… If you can avoid carrying in the portfolio and move exclusively with a debit card.

Technology

1. Although laptops have won the battle against the desktop, considered seriously if you really need one in your daily life. If you are not mobility requirements, or you are a person who needs carry your computer, chooses to buy a PC desktop: with similar benefits are much cheaper than laptops, and its life cycle is longer. In addition, any repair that you have to do you prove less costly, and you can always easily expand its capacity or improve their characteristics, which, in a laptop is more complicated.

2. One of the consumable more expensive are the cartridges for printers. Before you buy new cartridges considers the option of you with a kit recharge cartridges, or you can choose to acquire cartridges clones that marketed many distributors of computers. Before you buy a new printer appreciates elements such as the energy savings, the cost per page, the cycle of life of its cartridges, etc.

3. Avoids as impulse purchases. The fact that all have a GPS Navigator does not mean that you need one. Prior to buy the last gadget of the market ask if you really need and what you need it.

4. The majority of commercial applications more used in an office (Office, Photoshop, etc. ) have an alternative Open Source free in the 95 percent of the cases are perfectly adapted to our needs. Do not buy software licenses unless it is not strictly necessary. If you begin to how with ease, considers the possibility of switch to Linux.

Maintenance and office

1. Acquires light bulbs. Now the Ministry of Industry has launched an awareness campaign on its use. The light bulbs not only have a cycle of life much longer than that of a bulb normal, but are also more ecological. This maximum you can also take into account if you in the obligation to change any of your appliances: opts for energy efficiency.

2. Before making any purchase, either for your office, either for your home, performed a little research. On the Internet there are hundreds of web that we can offer prices that are much more competitive than in establishments “toward the public”. If you need acquire material for your office, adapt to do so “wholesale” in elements such as the stationery.

3. If you need to use your vehicle to move daily at your job find out if any of your fellow follows a similar path to yours. If you share vehicle you can save enough money in petrol and maintenance of the car.

4. Avoids meals outside the house. Eat in restaurants not only is more expensive than preparing our own food but also, by very good to be the restaurant in question, is much less healthy.

What is the economic freedom? How can we determine that we really are free, financially speaking?

1. We Save less than what we spend

Unfortunately many people spend most of his time at this point. Incur more debts that may assume, or in the worst case the lack of a stable employment, family burdens, the little control over spending, etc, leads them to live episodes dramatic.

Others in change although they have a train of life considerably high, living permanently indebted, hire a credit after another and are not able to renounce nothing.

2. Our work covers our expenses

At this point is in which are the most people, but much less represents the financial independence. Certainly this is the point that families can begin to save, and it is also the stage at which they are the most of them, because, although with the time their sources of infresos grows, so do their expenses.

This point is not as secure as many people think, because an unexpected (labor or staff) can do to consider quickly to phase 1, as we have seen it is not too recommended.

3. Our savings allow us to take certain risks in our career

When just arrived at end of this month, or debts we drown, hardly able to give steps for moving or redirect our professional career. We are so tied to our work, that we cannot take any risk.

In contrast, if we have reduced our costs and began to take some savings reasonable, our range of options open. We can begin to take some risks, such as change jobs, responsibility for new projects or even move forward in our company with more security.

The fact is that the dispose of a margin of error, we are in a position that we can “afford” to be without work for a few months, because we have sufficient financial resources to endure for a reasonable time in the event that things go wrong.

4. Our savings allow us to leave our work and mount our own business

Here is a great leap. We arrived at the conclusion that even well in our work,seduces us much more the idea of creating our own company. As we all know, the adventure of undertaking is not easy, especially in Spain.

Not only depend on our own financial resources, but our capacidadad to finance our project, develop new management skills, find our site on the market, etc.

5. Our business covers our expenses

No one is aware that during the first two years, most of the business projects only produce losses and is rarely get cover expenses.

However, if you endure arrives at the time that our accounts of income and expenditures are balanced and here is where actually taking the first step toward financial independence.

6. Our business begins to generate profits

Come to the point at which not only cover our expenses, but for the first time we get real and tangible benefits. See A Glimpse what may be a great future, although we are aware of just start.

7. Our benefits allow us to take risks

Once we started to obtain benefits, we can begin to take certain risks unthinkable in the early stages of life of our company.

Risks include among others the expansion of business, experimenting with new products and services, risk in original marketing campaigns, hire more staff… etc.

8. Our benefits allow us to sell our company

Perhaps come a time when our business starts to go really well. At this point is that we can raise the possibility of selling (especially if the person is a big sector) while on many occasions at this stage what we are going to give an account is that no longer need to be so above all that is “cooked” in our company, which we are able to delegate much of our duties on other people and that inlcluso we can leave it to others who take the strategic decisions for us.

This is the point where we can actually say to ourselves that we can live without the need to work.

9. Our investments cover our expenses

Although many may think that the previous point is the goal, many others are of the opinion that this is the time the invest in other businesses, “play on the stock exchange”, opt for other projects that are giving their first steps… etc.

10. Our investments produce benefits

At this point we can say we are really independent from the point of view economic and financial. Very few people arrive at this stage, and in fact very few come to the stage 4, but fortunately are becoming more people who are reluctant to take this route.