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4 Money Habits Millennials Need to Break
April 16, 2015
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178098337[1]1. Saving absolutely no money.  Saving should always, always, always be a priority. Get in the habit of saving money now. Every time you get a pay check, put aside 10% of your income. You never know when you’ll run into an emergency where the extra cash will come in handy. It’s better to be safe, rather than sorry.
Btw: 10% of $100 is $10. That’s super affordable!

2. Living paycheck to paycheck.  This is a scary habit you should break as soon as possible. If you spend all your money without thinking each expense through and putting money aside, you’ll never have money – especially when you need it. You’re not always going to be able to depend on your parents when you need money. Make financial independence a healthy habit.

3. Not investing in long-term savings.  If you’re already in the habit of saving money, that’s great. But are you saving for your long-term or short-term goals? Saving up for spring break vacation is cool, but how about expenses for graduate school, a house or even retirement? You’re probably thinking, “I won’t be doing any of that anytime soon.” But when will you? When it comes to long distance goals with high price tags, you should beginning saving now. It’s dangerous to assume you can start saving later on. The beauty of starting early is that putting aside a small piece of your income now adds up significantly over time.
Did you know? If you put aside $50 twice a month for 10 years, you’ll have $12,000.

4. Spending money without tracking it.  Whether you make $200 a week or $5 a week, you should have a clear understanding of where you’re spending your money on a daily and weekly basis. Where do most of your expenses go – food, recreation, travel, school supplies? Essentially, when you spend money you’re making an investment. The goal is to make the right investments. As Kate Ashford states, “If you don’t know where your money’s going, you can’t accurately plan to meet saving and spending goals.” Without an established budget, it’s easy to overspend. Invest in a money-management tool, such as Mint.com, which will help you keep a day-to-day track of all expenses.

Created by: Brittany Spell/St John’s University – Major: Psychology

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// Categories: College Life,Saving & Budgeting
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Three Things That Will Accelerate Growth for Your Business
April 9, 2015
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In this Forbes article, Ian Altman addresses the problem when clients see your organization as a commodity that does the same thing as multiple other companies. Add to that the challenge of adding to your salesforce without  spending a small fortune.

450795057 Bus GrowthHere’s some advice to achieve greater success along with some concepts that we hope resonate with you.

 

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// Categories: Career Advice,Self Employment,Starting a Business
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27 Money-Saving Tips From Successful Small Businesses
March 26, 2015
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In this article by Annie Mueler, she shares her collection of 27 money-saving tips obtained from real small businesses that continue to succeed in a tough economy.

480351583 Money SavReal people, real businesses and real ideas to help you cut costs, lower your overhead, and still reach your target market and build your business.

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// Categories: Career Advice,Making A Difference,Saving & Budgeting,Self Employment,Starting a Business
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Making a Difference Family Scholarship for High School Seniors!
March 20, 2015
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154271153Know any high school seniors planning to attend college or community college next year? Then please spread the word about NEFCU’s Making a Difference Family Scholarship! NEFCU will provide twelve $1,000 vouchers to any graduating senior who is either a member, or has a parent or guardian who is a member, of NEFCU.

Winners will be selected by NEFCU’s scholarship committee approximately 6-8 weeks following the submission deadline.

Deadline to apply is April 30, 2015. So please spread the word and see details here.

 

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// Categories: Making A Difference,Off Topic,Scholarships & Event Information
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4 Strategies to Keep Customers Coming Back
March 12, 2015
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In 2015, it will no longer be enough to differentiate a single company from the competition by creating quality products and delivering exceptional services alone.

86806746Instead, companies will need to consider the true value of their customer relationships and provide meaningful value in return. Here are four strategies for businesses written by Andrew Reid, to be sure customers keep coming back.

 

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// Categories: Career Advice,Self Employment,Starting a Business
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Why Some People Get Promoted (And Others Don’t)
February 26, 2015
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“Research confirms that there’s a real disconnect between your performance and your job outcome.”

stk128227rkeThis interesting article by Janet Choi explores ways in which you can help to ensure your success in moving forward to that next step.

For example, do you assume that those you work with, including your boss, have a good understanding of what you’re achieving with your time? Keep in mind that unless you are proactive about reporting your accomplishments, there’s a good chance that you may go unrecognized. Even those who care about you and are proactive in your development can be sidetracked by their own workload – which is why it is helpful to make relevant information prominently visible to them.

Read on to learn more.

 

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The 12 Psychological Tips You Can Use to Boost Productivity
February 12, 2015
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By Sean Mize

188116692 ProductivityDo you want to increase your productivity in such a way that you get more done in less time and get more done with less work?

So often, when we think about productivity, we think about time management tricks, ways to work faster, and how to get motivated. It’s all about more, more, and more. Which works in the short run. Those temporal things help us work faster and get more done in the short run.

But in the long run, we can burn out. We do too much, too fast, and our bodies can’t keep up. Or our minds get overworked and that can take 6 months to 2 years or more to reverse.

So what if we were to use another route to get the same – or better – productivity, rather than using these tricks and faster, faster, faster techniques?

I believe the answer lies in our underlying core motivation, our internal desire and drive, and the real-world implementation of the most important things. And one way to achieve these internal states of mind that lead to real productivity without the drawbacks of working faster is to influence our own psychological state.

So today I’ll share with you 12 psychological tricks that can help you influence your own psychological state in such a way that you reframe your mindset to create a mental environment that safely results in increased productivity.

Read on to learn more.

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4 Habits of Well-Known People Who Followed Their Dreams
January 29, 2015
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178182379 DreamsThis article by Stephanie Vozza includes inspirational words from the following well-known people who followed their childhood dreams and developed helpful habits to keep them going along the way:
-  Stephen King
-  Steven Spielberg
-  Tony Hawk
-  Amy Tan

Read on to learn how they became so successful.

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Answering Behavioral Questions in a Job Interview
January 22, 2015
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451846939 Job InterviewIn this article by Joe Konop, he discusses using a very helpful interview technique know as STAR.

STAR is an acronym that stands for:
Situation
Task
Action
Result

Used correctly and STAR can help you answer a potentially complex behavioral question in an organized and complete manner.

Read on to learn more.

 

 

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4 Strategies for Filing for FAFSA
January 15, 2015
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86810455With the start of the New Year, every college student knows it is FAFSA time (Free Application for Federal Student Aid). Whether you’re entering college in the fall, or entering your sophomore, junior or senior year, the goal is to minimize the costs of school. With the help of these 4 strategies, you can receive the most from FAFSA.

1. File Early.  The closer your file to January 1st, the more financial aid you’ll receive. All schools and grant programs have financial aid deadlines as well as an established budget to distribute per year. Therefore, students who file early are more generously rewarded than those filing towards the deadline. According to Mark Kantroqitz, publisher for Edvisors.com, “Families that submit their forms before March receive an average of double the grants than people who file later do.” If you or your parents haven’t received a tax return yet, you can fill out a 1040 Form, which will estimate your family’s income for the past year.

2. Fill Out the Form Completely.   This sounds like common sense, but it happens often. Many students submit incomplete  FAFSA applications, which in turn delays processing. One minor error can cost you hundreds or thousands. Before submitting your application, make sure you’ve filled out all fields with the correct information.

3. Disappointed in Your Aid Package?  Make an Appeal.  You have an opportunity to negotiate for better aid – even after your college sends you a financial aid package. If your family is dealing with substantial changes and your financial circumstances have changed, call or visit the financial aid office. When my house was damaged by Sandy, I visited the financial aid office to explain my circumstances. As a result, I was awarded a $500 scholarship. The key is to be polite and grateful for the money you’ve been awarded, but also explain your situation honestly. Providing proof of your situation, such as documentation of unemployment, medical bills or a layoff notice from your parent’s employer, will help significantly.

4.  Be Honest, Always When it comes to filling out FAFSA, always be honest.  College is expensive and every student wants the best financial aid package, but through employing these tips, you can receive the best aid possible. Falsifying income or assets on FAFSA can result in up to a $20,000 fine and potential prison time.

Created by: Brittany Spell/St John’s University – Major: Psychology

 

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