Category

Finances

Category

How To Know If You’re Eligible to Make a Work Accident Claim

It doesn’t matter what precautions you have in place because work accidents and injuries can happen at any time. They can range from lacerations to sprains and even health difficulties that are the result of being exposed to asbestos or other harmful chemicals. If you have been involved in a work accident and you want to try and do something about this then there are a couple of things that you can do.

Your Employer

Your employer is legally responsible for your welfare and the safety of the staff. If you feel as though your employer has failed to meet their responsibilities in keeping you safe or if you suspect that there have been some questionable happenings at work then you may be eligible to make a claim. This is usually only the case if your employer is the main instigator of the claim. These claims also cover things like noxious environments or even toxic substances as well.

How To Know If You’re Eligible to Make a Work Accident Claim
Image Source

Compensation

How much compensation you can claim will depend on the extent of your injury, whether there is any long-term damage and whether or not you need to take time off from work to try and recover. It is possible for you to go for a consultation when you go to an experienced law firm, such as The Ledger Law Firm. It is also possible to use a calculator to try and find out how much you could be entitled to as well.

The only instance where you may not be entitled to make a claim is if the employer is not at fault for what happened or if you didn’t wear the appropriate safety equipment when working on the day of your injury. If the safety equipment was faulty however then this could mean that you are entitled to make a claim.

How To Know If You’re Eligible to Make a Work Accident Claim
Image Source

Bodily Injuries

It is possible for you to receive more or less compensation based on where you are injured. For example, you may get more for your claim if you have an eye injury or a neck/spine injury when compared to a hand injury or even a foot injury. The severity of your injury and the amount that it impacts your life will also determine the amount of your claim.

Asbestos

If you have been exposed to asbestos over long periods of time then you may develop a range of health conditions as a result. This can range from cancer to breathing difficulties and more, and compensation for injuries such as this can be in the thousands. Of course, you would need to get diagnosed by a doctor and you would also need to prove that the asbestos is the cause of your health difficulties as well. This will provide you with the foundation you need to make your claim and it is the best way for you to make sure that you are being given the help and support you need regarding your claim and the process that is involved.

Ultimately, if you are injured at work and it wasn’t your fault or if you have suffered from health ailments as the result of chemical or even asbestos exposure then you are more than entitled to compensation, especially if the injury or ailment was the result of employer negligence.

The Known And Unknown Risks Of The Shopping Fever

There’s one kind of fever that most shopaholics are looking after and it’s called the shopping fever: It’s about picking your favorite shopping mall and not leaving it until you’ve got at least more shopping bags that you can carry. Admittedly, a little shopping trip has never harm anybody. But it can become extremely damaging if it turns into a regular hobby. Why so, you ask. The answer is simple: Shopping malls are a lot of dangerous than you might think so. Not only for your budget, but also for your health – and we’re not even mentioning the high-packed stress journey when you’re trying to find a spot to park your car. So what are the risks you need to be aware of, and more importantly, what can you do to protect yourself next time the shopping fever hits you?

Cup of Coffee with Whipped Cream
Skip the coffee and cream break

Can you control your expenses?

The biggie about developing a shopping hobby is that you will need to introduce a ban challenge if you want to get your expenses under control. There’s nothing worse than a credit card in the hand of an enthusiastic shopper: You will discover the depth of debts in the real world, and more often than not, it takes no more than an afternoon to buy more than you can afford. Keeping your clothes shopping limited, as well as your meals outside, can make a significant difference at the end of the month. Consider it as a form of training: The more you save now, the more you can afford later. For instance, if you’re planning on changing cars, or booking your next big holiday trip, keeping it light on the shopping expenses can be a good idea!

Watch out for that automatic door!

Do you know that more and more people get injured during a shopping trip? A defect automatic door can slam back when you least expect it and cause severe injuries – if you didn’t know that’s an automatic door that broke Harrison Ford’s ankle on the set of his latest Star Wars’ movie. But if you’re worried about facing additional medical costs on top of your shopping expenses, you’ can rely on the support of a personal injury lawyer; check it out! Another danger in shopping malls is the polished walking surface, which can be slippery and lead to painful falls. In short, if you go shopping, be careful!  

I’ll just have a frappuccino with cream and cinnamon… oh yes and a slice of cake

Finally, it can be difficult to resist a cup of your favorite coffee, alongside a slice of sweet red velvet cake when you’re on the go. However, before you go and order that Venti peppermint white hot chocolate, you need to know that you’re drinking over 700 calories, and almost 28 grams of fat and 76 grams of sugar. In other words, yes, your sweet indulgence is making you fat. It can seem funny as you might be thinking that you’re doing something good by taking a break from the shopping fever. But in reality, you’re damaging your body.

Isn’t shopping a terrible thing? Before you disagree, it’s time to realize that shopping can make you poor, can harm you, and can make you fat. Better think twice before driving down to the shopping mall next time!

One Day You Will Be Old: How to Start Planning for Retirement

One Day You Will Be Old: How to Start Planning for Retirement
Image Credit: Flickr

You might be young now, but the years will soon by flying by and you will wake up one day and realize: I’m old now.

While you might be one for living in the fast lane without really considering how you are going to get from one day to the next, never mind one year to the next, thinking about aging will come as a shock. Not only do you need to start preparing yourself financially for retirement, you will also need to prepare a will and consider making a living will as well.

How Will I Support Myself in Old Age?

If you are not doing so already, you need to start saving for retirement. This might seem like an incredibly early piece of advice, but if you want to retire with plenty of time to travel the world and tick off your bucket list, start saving.

You don’t have to take out a pension plan, but it is a good way to ensure income later on. If you work for a company that offers a pension scheme you should probably take it. This is because the company will also make contributions to the pot, leaving it a bit healthier for later in life.

Building up a nest egg of savings is also a really good idea. In fact, having a nest egg whether you plan to retire or not is a wise move because you might need it for making an investment into a new home or any number of other things like medical treatments or that amazing year of travelling you have always dreamed of.  

Where Will I Live?

This is a question that is worth thinking about for two reasons. First, it will help you to come to terms with the idea that staying in your own home might not be the best thing in your old age before the reality hits. If you know that you will want to move to a sheltered accommodation or assisted living facilities, it will make the move less of a shock to you when it happens.

The second reason is that if you know roughly how much it will cost you to live in one of these specialist buildings, you will have a better idea of how much you should be saving to get the very best for you in your old age.

Unfortunately, many people resist the idea of retirement homes because they are worried about being old and hate to face the fact that this is the care they require. However,  there are lots of really good reasons that social living will give you a boost in your old age. Many old people experience loneliness as they may be unable to go out and so rely on others to visit them. At a retirement home, not only are there lots of people to talk to all day, there are also plenty of things to do and all the care you need.

It’s normal to be in denial about aging, but the sooner you come to terms with the inevitable, the better chance you have of living your life to the full.

The Personal Finance Misconceptions You Probably Believe

If you spend some time thinking about it, then money is pretty odd. We all want it, we’ve assigned a value to it, and a lot of us base our lives on how much we have. What’s even stranger about money is that it has such an impact on our lives, yet most of us only have a vague understanding of how we can become financially stable. There are a lot of misconceptions about money, which might end up hurting you in the long if you continue to believe it. Below, we burst some of the money bubbles that have been allowed to grow for too long.

 The Personal Finance Misconceptions You Probably Believe
Source: Pexel.com

You’re Saving Enough

If you’re saving whatever amount you think you can afford – or want to save – each month, and you haven’t been reading any more on the subject, then you’re probably not saving as much as you need to, for two reasons. The first is that the holiday you’ve been saving up for is just one expensive incident – such as having to get your boiler fixed – from not coming true. The second is that retirement is a lot more expensive than most people realise. Up your savings game: there’s nothing bad that can come from it.

You’re Tapping All Your Resources

People tend to get a job with a salary, and then make do with whatever figure that is. But here’s the thing: you don’t have to settle for only one income. Most people have the option to give their salary a top up by finding a second income. An extra room in your house, for instance, could bring in thousands of dollars each year. Selling your old gear could add $200 a month. Or you could teach your talent to other people. There are always ways to make more money – don’t let those valuable resources go untapped!

Any Money That’s Not Yours Is Bad

If you have an income and can comfortably live within those means each month, then that’s a good thing. But that doesn’t mean that any money you spend that isn’t your own is automatically bad. A payday loan, for instance, is a good option if the alternative is even more complicated financial issues, as Personal Money Store demonstrates. It’s all about good debt versus bad debt. A bad debt would be, say, taking a large loan out and then spending it all on a two-week vacation. A good debt would be taking the same money and using it to take a professional course, for instance. If the result of the loan will be a positive long-term impact on your life, then it’s a good idea.

Your Salary Will Cover Everything

It really doesn’t matter how much money you’re earning: your salary will not automatically see you through for the rest of your life. It may cover your needs, wants, and luxuries, but to have a sound financial future, you need to make sure that you’re putting some of your money aside for investments. Opt for the steady and stable options, and you’ll always have a return on your investment.

Security is Around the Corner

One of the biggest mistakes people make is believing that their financial security lives just around the corner. It doesn’t, or it won’t unless you’re taking steps that’ll eventually lead that way. There is no magic bullet when it comes to money: you get out what you put in. If you’re in debt, then begin working on a plan to eventually be debt free today, not tomorrow. If you’re worried about your retirement, then get saving more money – as soon as possible.

Lifestyle Inflation

Let’s say you have a job that pays $40,000. You live a $35,000 a year lifestyle. When your salary raises by a quarter, you should be excited about the extra financial security that would be wrong. What usually happens is that people tend to inflate their lifestyle to whatever money they’re earning. It’s best to ignore your salary: what’s important is how much money you’re saving. A million dollar a year salary doesn’t mean anything for your future if you’re also spending a million dollars a year.

You Need as Much Money As Possible

Finally, remember this: you really do not need to spend your entire life acquiring as much money as possible. It would be pointless, and here’s why: there’ll come the point – it’s about $75,000 a year – when the money to happiness ratio begins to taper off. If you hit that figure, then work on keeping that figure, and live a happy life.

Freedom (Financially And Emotionally) After College!

Freedom (Financially And Emotionally) After College!
Picture Source

It’s something that our parents, grandparents, and everybody in our family has told us at some point; we need to be more careful with our money! And, combining this with a time when you’re fresh out of college or are currently experiencing the real world first-hand, money is the overriding concern in every part of your life. Achieving a sense of freedom after spending time deep in study is something that you feel you have a right to. But, unfortunately, it’s never as easy as that. We have lives to lead, and this requires that three-letter word, job. We need a job to make sure that we are paying off our debts, but also that we are providing a means to support ourselves. Leaving college is a very difficult time because it thrusts you into the big, wide world, but in achieving any sense of financial freedom, while also enjoying your life, needs to be achieved by doing a few things…

Planning Ahead

Utilize the best skill you acquired in college, studying! Whether you did much studying or very little, planning ahead for the next 10 years or so of your life, will feel like a lot of effort, especially when you are of the mindset that you need to enjoy life, instead of worrying about trivial things like buying a house. For a lot of people now, buying a house is completely off the agenda because it’s not affordable. This means that we are spending more money on rent than ever before, so this means that our spending habits are a bit more frivolous than someone who owns their own home. Naturally, our outgoings are that much more in comparison to those that own their own home. And while there are arguments to contradict the other, when you are living on a month to month basis, your monthly outgoings are going to be much less if you owned your own property. So, this means planning ahead, and while it sounds too sensible to plan for things like a house, it’s better to make it more interesting by integrating these things with your life goals. So, if you have a dream career you are aiming for, this gives you a better idea of how you will cope financially when you achieve this career. You may not have any ideas on career, but you may want to travel the world, again, this is something that takes a lot of finances. So, think about your major goals in life and what will benefit you. You may want to have a child, you may want to get married, whatever your goal if you start thinking about these now, you will naturally start to gear your finances towards these events. And, to keep you on track, a financial plan is always a suitable option. Because lots of people find themselves struggling financially, these issues can weigh us down and make us feel depressed. Always remember that there are resources available if you ever find yourself in this type of situation, you can click on this link to be taken to a debt consolidation site, but when it comes to achieving a sense of financial freedom, it is about making a few sacrifices. And this is something that we don’t always think about when we are fresh out of college.

Enjoying Life (While Being Financially Sensible)

For a lot of us, this is a contradiction in terms. But, it’s important to remember that we always should live within our means. And, for those people who feel that’s the only way to enjoy themselves is to get out and to party, go for meals, and so forth, it’s vital to address these issues now. Let’s face it, most of your friends are not going to be financially well off unless they’ve managed to get a well-paying job straight out of college. But, this is seldom the case. And, this is one of the keys to keeping your morale up when you leave college. Unfortunately, falling into a dream career isn’t what happens to most of us. So, it’s about finding opportunities to enjoy yourself that don’t cost much money. And, this can be a very difficult task, because so many things require money. But, the other thing to think about is that when you feel burdened by money problems, or in this case, a lack of money, this can hamper your frame of mind. So, for these two issues to be addressed, firstly you need to find activities that don’t cost much money. This usually requires a membership of some sort. It all depends on your personal tastes, but you can get a membership card to an art center or a movie theater, and, hey presto, you’ve got access to movies and culture! And, let’s not forget something like Netflix, which is a savior for people who have little money. But, staying indoors and binging on box sets will only have an appeal for so long. And, in being reminded that you lack in money, it can get you down. So, your frame of mind is the thing to address to reset the balance. The fact is that lots of us feel that being poor is a negative thing, but maybe you aren’t being creative enough in how you spend your free time! You can find various lists on how to enjoy yourself for free online, but when you are feeling like this, the temptation can be to use a credit card. This is a very dangerous mindset to get into because you’ll find that you will be getting a credit card to pay off the other credit card, and the debt cycle deepens. So, learning how to enjoy yourself when you have no money is a big task, but being sociable doesn’t have to cost much. You can still go out, but you won’t be spending as much as your friends. And, of course, once you’re out of college, this is the age of many house parties. Which is the greatest social event that costs next to nothing! And the other thing you need to think about when it comes to enjoying life on a limited budget is thinking about what you actually spend your money on in your day-to-day life. Are you buying things that aren’t particularly beneficial to you? For example, you may be purchasing an excess of sugary treats, or not going for the cheapest brand of something. Remember, these little parts of being sensible in what you buy means you will have a little bit more spending money at the end of the month when you get paid. Can you change your energy supplier? If so, you will find that you’ll save a lot of money on bills by the end of the year. Sometimes, achieving financial freedom isn’t about having money to burn! It’s more about learning how to live within your means.

Assessing Your Financial Priorities

This is the key to establishing a sense of financial freedom. Lots of us feel burdened by specific items of debt. And, whether you’ve already got yourself into credit card debt, student loan debt, or any other type, the key to digging yourself out of these debts is to prioritize them. You may have heard about the snowball effect. This is where you pay off the smallest item of debt first and move on to the next largest, and so on, until all the debt is paid. And this is a very handy method, because it gives you a sense of achievement, but also when it comes to paying off any item of debt, can you break it down into more manageable chunks? This is the key to achieving any sense of financial freedom. Lots of us feel burdened by the whole, rather than the sum of its parts, which is something that we have control over. And remember, there is support out there for you, from debt consolidation companies to local organizations, or even your bank. But what people see from his experiences is that they can be bailed out at any time, which is incorrect. And, this is a big lesson for any of us to learn. When it comes to assessing your financial priorities, it will benefit you in many ways to tackle the debt yourself. And this is because it will help you learn. The biggest thing we can do is to learn how to tackle our debt with the right resources, because this prepares us better for the bigger financial purchases later in life, such as a house, children, and so forth.

 

So, it’s this definition of financial freedom that needs to be altered, rather than feeling that we all should have more money than we can realistically spend. Unfortunately, in the real world after college, there is a lot of scrimping and saving, but it doesn’t mean that you have to live a sheltered existence. It’s about finding that delicate balance of enjoying yourself, but not putting yourself into so much debt. If you plan, learn to enjoy life for cheap, but also consider how to tackle your financial priorities, this benefits you in so many different ways, financially and personally.

How To Make Extra Cash in 2018

How To Make Extra Cash in 2018
Earning a few extra dollars could be simpler than you think (image: https://www.pexels.com/photo/money-coins-finance-cash-8556/)

The end of 2017 is just around the corner. Having had a look through your finances, you are not satisfied with the amount of money you are taking in and have decided to think about how your efforts could earn you a few extra dollars.

Truth is, it is hard to save any money at all when rents and monthly bills are so expensive. However, with a little bit of help, you could turn 2018 into a year in which you maximise your income and savings.

Do you own anything of value? Sell it!

We have all watched programmes like Antique Roadshow, where a lucky individual gets money in exchange for something they owned and didn’t even know they had until they came across it in the attic.

Whether it’s an antique, a pair of boots or a fine coat you never wore, we all have belongings we can trade for money. These can be sold on ebay or car boot sales, and they will surely bring you some extra cash for you to put in the bank.

Write!

In the days of the world wide web, making money is something that is achievable even from the cosiness of your living room. Writing a good story and selling it to a magazine or starting a blog and reaching out to advertisers is something that is becoming a trend amongst young generations in an age where employment is not the stable gig it used to be. Read these tips on how to start your own blog and turn those ideas into fast cash.

Invest in stocks

Sources in 2017 claimed investing in Colgate-Palmolive, Facebook and Vertex Pharmaceuticals could be the best stocks in which to invest right now. These might have changed since the Motley Fool report was written, however, and it is good to do some good research into the different stocks in which you could put your money.

Zillow Stock offers objective and quantifiable ratings on stocks, so that you can be better sure of where to invest your money at any given time.

Become a mystery shopper

Companies are keen to learn whether their stores are functioning properly and whether customer service in these is being delivered adequately. By becoming a mystery shopper, you would be visiting these stores and making sure everything is in check. Don’t know where to start? Google “mystery shopping” in your region and find out more! Here is a brief guide to get you started.

Be a freelance teacher

We all have skills we can pass on, even if these are niche and specific to a trade or industry. Luckily, there are always people who want to learn, and if you have access to community boards or local libraries, you could start by advertising your services on these. Languages are the obvious first option (with Spanish, Mandarin and Arabic being some of the most popular in recent years), but from cooking to yoga, there are always skills we can trade for money.

Don’t know what to do with your spare time next year? Convert it into fast cash!