July Money Management |
JULY 7, 2008
WHEN YOU’RE NOT GETTING THE RAISES YOU DESERVE
Are you earning the salary you deserve? In a tight economy, many people are finding that they aren’t receiving big increases when performance evaluation time rolls around. In some cases, companies may truly be facing lean times, and unable to reward even the best workers. If this is the case, the Georgia Society of CPAs advises that you negotiate for non-cash perks. For example, you might consider asking for more time off or the opportunity to work at home part-time. Other ideas are increased training that can enhance your career options or some other benefit that the company could more easily afford. If you believe that you have a promising future with the company, it may be worth accepting these alternative rewards during tough times and asking for more money when the economy improves.
Remember, too, that if your salary is not quite what you’d like it to be, there may be other money-wise steps you can take to expand your purchasing power. If you’d like advice on how to create a workable budget—-or how to get more miles out of your dollar--be sure to consult your local CPA. He or she can help answer your family’s most important financial questions.
JULY 14, 2008
IS YOUR CREDIT SCORE COSTING YOU MONEY?
Do you know your credit score? You should, because it could be costing you money, according to the Georgia Society of CPAs. Your credit score is based on your financial situation and your past history of managing credit. Companies use it to decide whether or not to extend you credit or offer you a loan. If you have a low score, you could pay more for a mortgage or an auto or student loan. You may also have trouble renting an apartment, signing up for a cell phone plan or even getting the job you want.
That’s why it’s important to review your credit report each year. Everyone is eligible to receive a free credit report annually from each of the three major credit rating agencies. To learn more, go to www.annualcreditreport.com or call 877-322-8228. And don’t forget to turn to your local CPA for answers to any questions you may have on managing your debt or other financial issues facing your family.
JULY 21, 2008
HOW TO RAISE YOUR CREDIT SCORE
Is your credit score costing you money? Credit bureaus calculate your score to determine whether you’re a good credit risk. If you have a low credit score, you will likely pay more for a mortgage or an auto or student loan. The difference could add up to hundreds of dollars a year. Poor credit scores can also cause you problems when renting an apartment, signing up for a cell phone plan or even getting the job you want. Luckily, according to the Georgia Society of CPAs, there are steps you can take to improve your score. Paying bills on time and working to lower your outstanding debt are two measures that will make the most impact.
Your local CPA can offer you advice on managing your finances so that you receive and maintain good credit scores. Consult him or her with all your questions about financial issues facing your family.
JULY 28, 2008
WHAT YOU SHOULD KNOW ABOUT YOUR SPOUSE’S FINANCES
Do you know where your spouse’s will is located? Are you aware of the details of his or her life and health insurance plans? In case of an unexpected emergency, it’s a good idea to have up-to-date knowledge of the details and location of each other’s financial records and documents, according to the Georgia Society of CPAs. For example, both of you should have wills that are kept in a safe place, such as a fireproof home safe or a bank safe deposit box. The existence of a will makes it much easier to settle a deceased spouse’s financial affairs. In case of death, it’s up to the surviving spouse to follow up with Social Security and any private retirement plans or accounts in order to receive payments due to a surviving spouse. In addition, if your spouse has life and health insurance, you should know the name of the company, the account number and contact information for all insurance plans. In the event of a death or divorce, being well-informed will enable you to make the best decisions for your family. Your local CPA can help. Turn to him or her for advice on any of your financial needs.
For more information contact Calvin Wong at 404-231-8676, Opt. 5.