Is Your Money Prepared for the New Season?

Summer is coming to a close. Every year you prepare yourself for cooler temperatures, getting children ready for school, school buses on the road, and to rake leaves and warm the car in the mornings. As you prepare for the changes to your routine you also need to get your money prepared for new expenses and do a financial fitness check up.

1) Check your home. Check the insulation on windows and doors. No or insufficient insulation will allow heat to escape and your heating bill to climb unnecessarily. Can we say major money leak. Also check the insulation in the walls of your home, that is important to trap the heat too. If you're renting have your landlord do a check. I once had two months of a $300 gas and electric bill. The culprit? A living room window was cracked at the top and was letting my heat escape. If you see a crazy jump, something is wrong, start checking.

2) Do a financial check up. There are several things that would be good to check during this time. Do at least these three.

Net worth. You've been steadily working on growing your money for several months. Calculate your net worth to see how you're doing. Is the number a little bigger? If so you're moving in the right direction.

Spending plan. How well is your spending plan working? Determine if you need to shift your plan, such as increasing or decreasing target amounts for specific categories. Did you plug all money leaks? Perhaps you decided to keep a subscription when you made the plan, but looking back realize you really haven't been using it. Well then cancel it, cut it from the plan and shift the money towards something else. Put the money towards a category you're struggling with sticking to the allotted amount, savings, paying down debt or investments.

How much closer are you to your goals? The numbers will show if you're making progress towards your goal. Are you on track to complete your goal by the deadline that you set. If not what can you adjust to stay on track.

3) Shop smart. We know the best times to purchase clothes is at the end of a season when there are big discounts as stores prepare for the change in inventory for the new season. However, if it is unavoidable and you have to buy new fall gear for yourself or family members try this. Shop at thrift stores and discount chains. You'll be able to find cool new things at a much lower cost. Many times there will be items with the tags still on them. You just have to dig around a bit. Look for online deals and coupons. Don't use your credit card. I repeat don't use your credit card. 

About the author:

About the author: Maria James has a compassion for people that makes her involvement in Heal a Woman to Heal a Nation a sure fit. She is a biomedical scientist who is public health conscience and has always worked for the betterment of others. Maria is the founder of Pocket of Money, LLC which provides tools and tips to help you take control of your money and live your best life. Dr. James is our resident Money Scientist.

18 Ways To Follow Up After A Networking Event

We say it at each networking event, what’s the diamond in networking.  Follow up, Follow up, Follow up! Check out these amazing tips in this yummy article from Lisa Rangel, Managing Director at Chameleon Resumes with 18 ways to follow up after a networking event.

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18 Ways To Follow Up After A Networking Event

By Lisa Rangel

 According to the latest study from CareerXRoads, more than 27% of external hires in America are from referrals. In fact, it’s the top external source of hires today.

According to the New York Times, 65% of new business comes from referrals. A Nielsen Study cited clients are four times more likely to buy when being referred from someone they know and trust.

So we know why we network, but what do you do to follow up after a networking event? After all, It’s what you do after the event that matters, as that is where the real work begins!  Here are some suggestions of what to do:

1)     Google their name – You’d be amazed at what you can find by Googling a person. You can find additional information to help you with reasons to connect—or not to do so. This info can help with all steps on this list.

2)     Make notes on what happened at the event, record your thoughts and create a list of actions to implement.

3)     Write an email indicating that you enjoyed meeting them and why it makes sense to keep chatting.

4)     Start a dialogue to stay in touch, if no need to meet—ask them what they thought of the event via email.

5)     Connect with a LinkedIn invitation including a note that you enjoyed meeting at the event where you met.

6)     Via email, suggest a 15-minute phone call, be clear on the purpose and how it can benefit you both to do so.

7)     Here’s a novel idea:  just call the person…indicate that you enjoyed meeting them and would like to keep the conversation going. Ask if they prefer to schedule a phone chat or coffee meeting as a follow-up.

8)     Propose a face-to-face meeting over coffee right out of the gate with contacts that have the most potential, who interest you most, or simply where it makes sense.  Show interest in what they do and who they are.

9)     Follow the person on Twitter. This can provide real time data to improve the content of your communication.

10)   If you see a personal connection outside of work and/or it makes sense, connect on Facebook.

11)   Do not automatically add them to any email list you may have! Instead, send an email asking if they would like to join your email list since you thought, based on your conversation, the content may be of interest. Don’t spam!

12)   Enter the information into your contact management system. A contact made today, may not bring you  business today, but that person may be the resource you needed (or needed you) for a situation in the future.

13)   Look to influence. See how you can introduce two people who can help each other and ask to make that introduction…it’s good karma, as you are always remembered as the person who made the introduction.

14)   Thank the host of the event—a great way to start a connection that you did not have before.

15)   Ideally make contact within 48 hours, but don’t fail to reach out if it is later than that timeframe. I have reached out 6 months after the initial meeting and have it turn out well—but this is not recommended at all!!

16)   Look for people who can influence your business or job search—not just give you business or hire you. Influencers are more impactful than direct clients or hiring managers, since they introduce many opportunities.

17)   Search for collaborators and joint venture partners. The best way to grow is by collaborating with others.

18)   Send an article or book reference in an email or snail mail. This will show that you listened to the conversation.

Networking can take time and energy if you let it, or it can be integrated into your daily activities with a simple change in mindset to be more effortless. A small, consistent investment of time each week can pay off huge dividends in the future for you and your network.  Take some of the actions above and see the good that happens….Good luck!