Posts Tagged ‘money’

Make Unemployment Work For YouIt’s easy for anyone to become discouraged when tackling the task of searching for employment. Undoubtedly, for those who have shelled out thousands of dollars only to have their degree(s), staring back at them from the mantels of which they rest, the task of job search can be especially upsetting and daunting. So what on earth are you to do when you continue applying your efforts only to have annoying bill collectors calling instead of prospective employers?

Though the predictions are that the economy may become worse before it gets better, there are a number of things which may increase your chances of finding employment, cushion your pockets and possibly reveal a more lucrative career choice.

1. First, use this opportunity to reevaluate whether or not you’ve actually been doing something that you enjoy. God works in mysterious ways and though we may not always understand it, a setback can inevitably be the opportunity for a comeback. So look into alternative careers which may be more fulfilling not only financially, but emotionally as well.

2. Were you being paid what you are worth? Of course this should be considered a trick question. As God’s children we are priceless, and no salary can actually match all the skills and talents he has blessed us with. But to up the ante, it’s a good idea to update those resumes to highlight the most important attributes of your career. While doing so, remember to incorporate eye-catching adjectives that accurately describe your skill set.

3. Though they may be extremely congested and overwhelming at times, it is a good idea to attend job fairs. In doing so, it’s important to recognize that many fairs are curtailed to recruit for specific professions. So make sure to do your homework and find out exactly what employers will be present. Doing so will help to avoid wasted time and possibly money.

4. Places such as gyms, churches and local coffee shops shouldn’t just be viewed as a place of solace. They can actually be havens for networking opportunities. Networking is key to getting your foot in the door. People from all walks of life frequent such places, so it’s not a bad idea to strike up a conversation with the stranger next to you for possible leads. However, if you’re not the social butterfly you’d always hoped you would be, print out a couple of flyers showcasing your desired job search and skill level. Often there are bulletin boards with space availability, so it’s nothing for you to add your advertisement to the collage. But remember, everyone frequenting the facility can come in contact with your flyer. So be mindful to not include your name or other personal information such as telephone numbers or addresses. Instead, create a professional email account which draws no direct connection to who you are and one that is intended for inquiries related to the flyer.

5. Lastly, tap into your creativity. Perhaps your time away from work can be used to research that business you’ve wanted to start or possibly make a favorite past time pay off. Baking, graphic designs, childcare, sewing, freelance writing and even party planning are all examples of talents we posses which are often overlooked or ignored do to time constraints that exist as a result of working full-time. So put to work the oldest form of advertisement which is communication and let others know what you’re willing to do to earn some much needed cash.

Make Your Buck Stop HereWe’ve all heard the mantra “Support black business.”  Many of us have heeded the call repeatedly.  Some have been pleased.  Others have sacrificed quality service in the name of loyalty and sisterly patronage.  Whatever the experience, we can agree that black business and its success is integral to the black community.  Black Business Month gets underway in August and now is as good a time as any to apply 2009’s ubiquitous change we can believe in.

Black purchasing power now exceeds $900 billion and is fast approaching the trillion dollar mark.  It’s an impressive stat, given intrinsic obstacles and disadvantages.  But even more staggering is the amount spent with black-owned businesses – a mere 5%.  A sobering thought to say the least.

Preaching aside, this month can be used to not only patronize, but start a business.   Many a pundit and advisor have noted a recession presents the best time to start an operation.  If you haven’t heard, 2009 qualifies for the r-word.   Recent hard times have caused many rethink spending and saving strategies and this is just the approach for commerce.   Consequently, those other r-words – respect and responsibility – are making a comeback and not a moment too soon.

We can often glean wisdom from the past; and the black community, despite its oppressed history, is no exception.  As much as we lament segregation and Jim Crow existence, somehow the black community thrived under separation.   In most towns, old placards from black-owned grocery markets, dry cleaners, and tire shops are collectors’ items.  Besides the church, hair salon and the occasional soul food diner, there’s hardly a black establishment around.  Black banks withered prior to the latest financial crisis.  Try to buy stock in a black-owned entity; it’s virtually impossible.   Even black hair care products are controlled by non-black hands.

It’s amazing to see the remnants of the past and wonder when the shift occurred.   Apparently, chasing the alleged greener corporate pastures and individual aspirations didn’t fare too well for the village as a whole.  Ironically for our community, “separate” meant unified and integration brought separation.   Fortunately, we can have the opportunity to rectify the socioeconomic landscape.  Hopefully, we can sport a retro look, proving what’s old is new in more ways than one.

Amid the optimism, black business is not exempt from the laws of competition and good practice.  In a world of options, even consumers with a moral conviction expect quality goods and service.  In order to survive, new and existing business owners alike must offer a value proposition while exploiting any sustainable competitive advantage.   There’s still truth in the saying “plan the work, then work the plan”.

Starting is undoubtedly the most difficult phase in business.  Start-up tasks can prove complex and intimidating to most seasoned professional, even before sifting through the red tape of incorporation and the broad ramifications of risk.  Likewise, fleeting resources and dismal economic outlooks can further discourage any enthusiastic would-be-entrepreneur.

Yet, there’s still help for those who seek it.  Business advice is often provided by non-profit and municipal groups.  Check your local library and city website for seminars and other resources.   Contrary to popular opinion, commercial and Small Business Association (SBA) loans are available to those who with a viable plan and outlook.   As an added incentive, many government and corporate entities actively seek to do business with black-owned businesses.

So this month, make a resolution to support a black business and if your inner mogul fancies, start one (or write the plan).  As our commander-in-chief lectured us, there’s really no excuse.  I too have snarled at the not-quite-like-the-menu-description entrée or the higher-than-everywhere-else price tag for similar items.  But what have I done about it?  Not much at all.  Yes, August is time for change – and risk – and reward.

Surviving a Tough Economy Use coupons, discount cards, and discount codes.
Coupons are your friend, so collect them all.

Grocery stores like Kroger provide discount cards at no cost.  You may see something on an item that says that although the original price is $5, one could get it for $3.50 with a discount card.  One can also add coupons to their card, by registering on websites like cellfire.com, shortcuts.com, and pgesaver.com.  Once you come across a coupon that you can use, you can add them to your card.  You may also print out free coupons on websites like coupons.com.

If you’re shopping on the internet, check to see if there’s any discounts going on within the shop that you’re buying from.  Many online shops will have discount or promotion code boxes that you can fill upon checking out.  Also make sure to sign up for their free mail catalogs if they have them.  Catalogs like Delia*s and Alloy will often have a discount code on the back of their catalog.

Sign up for freebies.
The internet is filled with freebies.  Many companies will provide freebies (usually a sample), in hopes that one will buy more.  The great thing about freebies is that many of them will be delivered with coupons, which leads us back to number one on this list.  To top that off, one may also receive occasional e-mails with discount codes.

Buy cheaper products.
Store brand products are cheaper than the popular brands.  If you can achieve the same results as a brand name product with a cheaper brand, go for it.  Buy things on sale.  You can also take it a step further and go to a store where everything runs cheap.  If there’s a dollar store in your area, shop there.  Stores like Dollar Tree have everything from kitchen utensils, products for hair & body, food, and much more for no more than a dollar per product.  You can walk out that store feeling like a ghetto Oprah with all the things you bought.  You could also shop at a thrift store and rack up.

Set a budget.
Every time I go to the store, I set a budget for myself.  I even take it a step further by overestimating the prices.  I would tell myself to spend no more than $30, and when I pick up a product, I round the price of the product by a dollar or two.  For example:  If I buy a loaf of bread for $1.99, I will round that price up to $3, and vice-versa.  Not only do I stay within my budget, I will save at least three dollars or more than what I originally planned.

Stop buying things you can’t afford to pay in full.
One of the reasons why the American economy is so bad is because Americans often buy things that they can’t afford to pay for in full.  Rather than paying for things in full, we either pay little by little, or buy things on credit.  Although it could be a good thing when you have a steady income as it builds up your credit, it could also could be a bad thing being that no job is ever really 100% secure.  Your source of income can be taken away in a split second.  If that happens, how are you going to pay off your bills?

Credit card cards and loans are the devil.  If one were to lose their steady source of income tomorrow, it’s not guaranteed that their bills will be paid on time.  If they’re not paid on time, fees will be taken out of their account, causing them to go deeper into debt.  As one falls deeper into debt, the credit score will soon follow.  So instead of using credit cards, use only debit so that you won’t be tempted to buy things with money you don’t have.  As for loans, it’s best to scratch that out, and see if you can’t just get a grant.  A grant is yours to keep, so you won’t be obligated to pay it back.

Stop buying things that you don’t need.
If you’re struggling and you need all the money you can get to pay for other things, try cutting off all the things that you don’t need for survival.  Take cable television for example.  Would you die if you got rid of cable? No, you would not.  You can do without reality television shows like For the Love of Ray J on VH1 whether you’re broke or not.  If you have a cell phone where you have to pay extra for text messages and such, cut those extra services off.  You don’t need the advantage of unlimited text messaging, and cheesy, personalized ring tones for every person on your list in order to survive.  If you’re looking to save even more money, check out the pay-as-you-go plans.  Lay off the expensive $150 shoes that you only wear once every other month.  And why are women spending $50 or more on handbags?  There are plenty of durable purses that cost way less.

Pawn things that you have, but don’t need.
So your cheating ex-boyfriend proposed to you with a $1,000 engagement ring.  Stop holding onto it and pawn the ring, along with the pain of your relationship’s past.  It doesn’t matter if you’re not paid the ring’s full worth.  Getting three hundred dollars for a ring that’s worth a thousand is better than getting nothing at all.  You didn’t pay for the ring, so you’re gaining more than what you started with: money to help pay off your rent bill.  Your cheater in shining armor was just a blessing in disguise.  In the words of Gloria Gaynor, you will survive.  God surely works in mysterious ways, huh?

Do the hustle.
Are you good at braiding hair?  Are you good in the kitchen?  Do you do a little web design on the side?  Offer your talents to others in exchange for money.  It’s a win-win situation.

Use home remedies for common ailments.
Growing up, over-the-counter and prescription medicines, along with store bought ointments was all that I knew.  Now I simply use things that are around the house.   Many home remedies even tend to be healthier, as the products are usually all natural.  They can even nurture your body.

Turn off and disconnect appliances that you’re not using.
Did you know that leaving appliances plugged into the wall can run you a high electric bill, even when they’re not on?  Did you know that a cellphone charger that’s plugged into the wall can cost you more money, even when your cellphone isn’t connected to it?  Turn off and unplug every appliance that you’re not using.  Turn out the lights in every room that’s unoccupied.

How do you get by during this tough economy?  Feel free to give any tips you may have.