Wednesday, December 18, 2019

Financial Planning During Economic Crisis - 1571 Words

Financial planning during this economic crisis can be very stressful and draining. I have a limited income coming from a modest allowance that my retired husband gives me monthly. This is supported by a meager amount that I receive from Social Security Disability benefit. I have a mantra to stay positive on my financial outlook which gives me psychological and spiritual strength, and this is..In God, I Trust. Yes, and this is my adherence to the US national motto that can be found on all currency of the United States of America, In God We Trust. By faith, I never feel miserable even if my resources are just enough for survival. I know that there is a Supreme Being up there who sees that my needs and that of my family are met. I wake up†¦show more content†¦There is also a high-tech way of bonding with my daughters without spending for airfares because they live in Hawaii and the Philippines respectively. Thank you to SKYPE for online communication. I also use my cellphone t o call or text my son who lives here in the USA and that helps me bond with them minus the financial concerns. 5. Use online banking- I check my daily bank balances to know where I am coming from in terms of expenditures. I also pay bills online. Saves me time and effort and stamps. I keep track of all my debits and credits which helps me to decipher if I got enough funds for the next bill or purchase. All of the above suggestions prove to be effective for me and I am sure some women who are stay at home moms whether actively working or retired can relate to it. Hopefully to stay fit financially. Its true that health is wealth, because without proper health you would not be able to build the career you are looking forward to . In order to be successful in life you have to make sure you are paying attention to your body and mind, so that you perform well consistently . Every part of your body is playing a role in the back ground silently, and its time that you paid attention to it as well . But how can anyone stay fit while working in the office ? How can one exercise while at work ? Well, there is a way out fortunatelyShow MoreRelatedWhat Is The Transformation Of The Finance Function?1024 Words   |  5 PagesThe Transformation is facing financial management as a growing industry that provides a well-rounded wealth of information that is rapidly evolving along with the economic growth. As you well know our finance and accounting departments are under fire to perform dynamically. More exceptional than before is the weight to drive real-time intelligence and the constraints to develop a forward-looking analysis to support a business decision. In retrospect, this coincides with dramatic shifts in businessRead MoreThe Relationship Between Economic And Urban Form1362 Words   |  6 Pagesbetween Economic and Urban Form A Case Study of Russia Economic History of Russia The Russian economy and the rest of the Soviet Union was operated on the basis of centrally planned economy for almost over 60 years. It functioned with a state control over nearly all means of production, investment, consumption and production decisions throughout the economy. The policy under economy was made according to directives from the Communist Party, which was known to control all aspects of economic activityRead MoreDescription Of The Hr Function That You Had Chosen Essay1033 Words   |  5 Pagesthe right set of talented employees can not only raise the company’s profile but also and keep it running effectively. In order to set up an effective recruitment, there are few steps to follow. Firstly, the managers need to carry out workforce planning and forecasting to identify the job vacancy in the organization. After the first step had been done, they have to conduct job analysis which is a procedure of collecting information about the job. It contains two important elements which is job descriptionRead MoreEconomic Systems: Capitalism Essay1400 Words   |  6 PagesCapitalism Capitalism is an economic system characterized by the private ownership of the means of production, and where production is guided and income distributed largely through the operation of markets. The objective of a capitalist society is to gain profit. Some of its strengths of living inside a Capitalistic economy are the incentive for innovation, efficiency, and economic growth. Unlike socialism, there are opportunities to invent new products for areas of demand, to raise quality,Read MoreNotes On The Financial System1290 Words   |  6 Pages1- Introduction Over the last decade, the financial system around the world has faced several deficits due to liquidity problems. In 2007, during the financial crisis, global banking system experienced sudden demands for cash from various borrowers which have led some banks to declare bankruptcy (Berrospide, 2013). Liquidity can be defined as the availability of cash or cash equivalent to deal with predicted and unpredicted obligations claims. In other words, it is the ability to effectively meetRead MoreInternational Economic Policy in Times of Crisis Essay1192 Words   |  5 Pagesthe population, infrastructure and terrain quite literally, financial crises can psychologically cripple a country. There’s something about a financial crisis that conjures a level of panic that could rival the outbreak of a deadly disease. Maybe this is caused by a lack of visible end, as it seems the light at the end of the tunnel is only made clear at the end of the crisis. Even with examples from history to r efer to, each financial crisis seems to take on a version all its own like a new strainRead MoreEconomic Theory1225 Words   |  5 PagesEconomic Theory Economic Theory Jose E Mendoza Allied American University Author Note This paper was prepared for ECN 150, Introduction to Microeconomics, Module 2 Homework Assignment taught by Nikki Follis. Part I After reading the two articles in Modules 1 and 2 related to Economic Theory (first,â€Å"How Did Economists Get It So Wrong† and second, â€Å"History of Economics Playground†), reconstruct what happenedRead MoreAsean Essay1468 Words   |  6 PagesThe Quest for ASEAN Economic Community through Consensus Building The Association of Southeast Asian Nations (ASEAN) began on August 8, 1967, when Indonesia, Malaysia, Philippines, Singapore and Thailand, settled their differences and decided to form the group due to the prevailing geopolitical conditions. Fresh from the debilitating effects of historical antagonism brought upon by territorial disputes drawn by colonial division, the power vacuum left by decolonization is quickly replaced by ColdRead MoreFinance, Economics, And Finance Essay1245 Words   |  5 Pageswas fascinated with this world. As I grew up, I gradually came to appreciate the importance of financial sector in the modern world. In the university, I was fortunate to have been exposed to many interesting and challenging fields. Though I ultimately chose to major in Accounting, I also studied business, management, economics, and finance. These courses impressed upon me the importance of the financial sector in the economy. Finance professionals have the unique responsibility of man aging assetsRead MoreAn Overview Of Financial Management And The Financial Environment1135 Words   |  5 Pages An Overview of Financial Management and the Financial Environment Matthew Ellsworth Abstract Financial Management usually involves the process of planning, organizing and controlling the financial activities of any enterprise to achieve the goals and objectives in financial terms of that enterprise. The main objectives of financial management would be to create wealth for the business in terms of movable cash for the organization and to ensure that the target return in investments

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.