Our parents are our first and, for better or or worse, most influential teachers. They instill in us our values, expose us to their ideas and politics, and shape who we become.
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Life happens. One minute you're coasting towards graduation, ready to take on the world. The next, you've lost your job or haven't been able to find one in your field and you can't afford the rent any more. If you're lucky, your parents are both willing and able to let you move back in and regroup before you go back out into the world to live on your own.
If you're looking to cull some of your unwanted books, say, or other possessions, you'll want to be careful of how (and to whom) you're selling your old stuff.
Investing isn't as hard (or as risky) as it seems, but it's a lot of information and it does take some time to learn, which turns many people off of it altogether. However, if you've been putting it off and you have a hefty amount of cash savings, consider the problem of inflation.
A lot of our thinking about money revolves around the gains: I'll invest X to get returns of Y per cent in the long term; I'll buy this couch because it will brighten up my apartment and make me happier. But when it comes to financial decisions, it's also important to consider what you'll be giving up.
Everyone's nervous before a job interview, but there are plenty of ways you can amp yourself up and shake off the jitters. Of course you need to do your research on the company, and practise answers to the most common interview questions. The more you prepare, the more confident you'll feel. In addition, I like to listen to my running playlist before any type of situation in which I'm likely to be nervous but need to impress. You probably have your own tricks, too.
As a new employee, there are a few pieces of advice you'll hear over and over again: Come in with a good attitude, offer to do extra work as often as possible, and never, ever, cry at work. But the fact is, you're human - you're going to cry. Rather than avoid it at all costs and reprimand yourself for not keeping your emotions in check, it's better to prepare for the time it happens.
One of the struggles of covering personal finance is that the tips and tricks most experts recommend only make sense for a certain group of people: Those who have some disposable income and are likely upwardly mobile. Sure, you can write about handling setbacks and how big an emergency fund should be, but standard advice won't work for everyone.
We all know that automating savings and instituting spending rules can help us save money. But a new report from the Common Cents Lab at Duke University's Center for Advanced Hindsight offers new insight into how to hack behavioural finance to put more money into our pockets (or rather, bank accounts).
When you ask for a raise, you'll have more success focusing on the value you bring to the table as opposed to your own needs. You probably don't want to blurt out, "Hey, I've got bills to pay and you haven't bumped my salary in three years" - even if it's true. So what do you say?