How to Plan a Post-Graduation Trip

Summary: Read below for some advice on how to plan your post-graduation adventure.   If you have recently graduated high school or college you may be wondering what comes next. If you have some time off before you continue your schooling or before you start working, you want to take a post-graduation trip. One of the unique aspects of traveling is that it gives us the opportunity to not only learn more about the world around us, but also about ourselves.   When you travel you may learn more about what you like and dislike, what career paths seem interesting to you, and what kind of environment you could see yourself living in. If you learn none of these things, hopefully you can at least walk away from the trip with some great photos and memories. Traveling can be an exciting and rewarding experience if you go into it with a loose plan. Below are some tips that can help you prepare for your next trip.   Go Somewhere New   When figuring out where to go for your post-graduation trip, try to look into destinations that are a little different from what you are used to. Maybe you would want to check out a different part of the state, country, or world. If it is in your budget, you may find value in exploring new places that you have not been exposed to before. We grow and learn when we experience what is outside of the familiar, which is why immersing yourself in a different environment may be a beneficial experience.   Book Ahead of Time   As a general rule of thumb, it would be wise to make travel accommodations, such as flights and hotel arrangements, as early as possible. Travel rates can get more expensive the closer you book to the date of your departure. To make sure you can find available spots at the best rates, purchase tickets early and compare different travel resources.   Blog submitted by Monte Carlo Rent A Car, LLC: If you need to rent a car Abu Dhabi, visit Monte Carlo Rent A Car, LLC for the best...

Setting up an emergency fund

Setting up an emergency fund

May 29, 2018

Read any book on personal finance or managing your money and one common thread will the emergency fund. Almost every single one will tell you the first thing to do is to open and contribute to an emergency fund. The recommendation is to prioritize this above all other non-essential payments. Here are the basics of the emergency fund: The first is to decide how much you want to commit to the fund. The basic idea is that the fund will be able to handle all expenses in the event of unemployment or an emergency. When factoring the amount, the recommendations are for either three or six months of total expenses. Obviously, six months is better than three. However, if finding employment is not going to be an issue, then three months will suffice. The next is to open the account. Since the funds need to be liquid avoid term deposits or any form of long-term savings vehicle. Those are better suited for retirement. Ideally, we are looking at a high rate savings account that has a low number of withdrawals allowed. This way the interest will contribute to the fund itself. Finally, figure out how much of your income can be contributed to the fund. The sooner the fund hits the target; the sooner you can start contributing to retirement or something else. Remember that once you hit your target, you can sleep well knowing that you can survive for a few months without dipping into your savings....

Important financial terms small business owners should know

Important financial terms small business owners should know

Apr 29, 2018

Small business owners should have an understanding of financial terms, as they are the nuts and bolts of a business operation. If you have an accountant or are handling your own financials, knowing these financial terms will help you understand how well your business is functioning. Here are a few terms small business owners should be familiar with; P and L – This is a statement, usually completed every month, will give you an understanding of how your business is running. Balance Sheet – This is an indication of your businesses assets and liabilities. This statement will provide valuable information for decision-making. Assets – These are items such as cash, real estate, land, equipment, tools, computers, and furniture. Liabilities – These are loans outstanding and monthly bills your business owns. Equity – This is the money you and any other owners have invested in the business. Bottom Line – This is the net income or earnings that a company makes for the month. Markup – This is the additional price added to the cost price. Gross Margin – This is the difference between total sales revenues and total cost of goods sold. It can be stated on a per-unit basis, in dollars or as a percentage. Gross Profit – This figure is your “Cost of sales” minus your costs directly associated with sales, such as materials, labor, and delivery. Net Profit – This is your profit after costs such as overhead, materials, wages have been...

How to use your time wisely to prioritize your goals?

How to use your time wisely to prioritize your goals?

Mar 30, 2018

Article Written by : Debt Declaration Many people have a long list of goals, but find it hard to reach these goals as they lack productivity. Here are some tips that will help you prioritize your goals and use your time wisely. Write everything down – List down the routine daily tasks that you have to handle plus the longer term projects assigned to you. Avoid only concentrating on tasks that are assigned by others. Organize by time horizon – Do this by dividing your list into three-time categories: Career aims – These are long term goals that are as long as five Objectives – These are your professional goals that span between three months to two years. Targets – Create action steps to add to guide you through your day. Rank your objectives – Look at what you want to do and what is best for you. Avoid considering what other people expect of you as these needs will be distinctively different from your needs. Rank your targets – Your targets are your action steps. They fall into two categories; these are enabling targets, which are targets assigned by you and assigned targets, which are those that have directed to you by others. Estimate how you spend your time –Once you have ranked your objectives and targets, assign them with specific timelines and how often you intend to work on them during the day or...

How to Effectively Balance Work and Travel

Traveling can be rewarding for many reasons. Doing so gives individuals the opportunity to view life from a different perspective, learn about different languages, cultures, histories, meet people with different backgrounds, and ultimately learn more about themselves. Unfortunately, it can be tough to actually travel on a regular basis, due to things like hectic work schedules, tight budgets, and other obligations. That being said, there are various ways to achieve this balance if traveling is a hobby you wish to pursue. Below are some ideas that you may find helpful.   Work Part-Time   Many adults in the United States work from 9-5PM, Monday through Friday. This fairly standard 40-hour work week allows individuals to work during the week and unwind during the weekends. With only Saturday and Sunday off, it is possible to have day trips or short weekend getaways.   If you want more than 48 hours a week to travel, it may be worth it to look into a part-time job. Although a part-time job understandably would pay less than a full-time position, it would allow you more time each week to go out and explore.   Have a Remote Job   An additional way how you can manage to fit traveling into your work schedule is to have a remote job. The internet has made it possible for some people to work from wherever they want. A person can work at their house, in a cafe, on the beach, or in a hotel, as long as they have an internet connection to be productive.   There are numerous data entry, customer service, and other flexible jobs that can be done with a laptop and internet. By not having to go to an office every day, you are ultimately given the flexibility of working in almost any environment.   Blog submitted by Monte Carlo Rent A Car, LLC: If you need to rent a car in Abu Dhabi, visit Monte Carlo Rent A Car, LLC for great...