How To Manage Tough Workplace Situations

Just like in the playground, the workplace can also bring about some tough situations. While confidence comes as you get older, it can still be difficult to find your voice and speak up – especially at work. Get advice on how to manage tough workplace situations below and start speaking up for yourself at work.

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Not getting credit for your work

When you work in a team, it can be difficult to let your individual efforts shine through. It’s a tricky one to manage – you don’t want to come across as petty, but you also want to make sure that you get the credit you deserve. There are different ways you can handle a colleague who takes credit for your work. One suggestion is to conduct an evaluation at the end of a project outlining who was responsible for what, what the outcomes were and what lessons were learnt will help get your point across in a subtle and fair way. Discuss your efforts with your boss and make it clear what you did.

Dealing with the workplace bully

Some people never grow up. While you might have dealt with bullies in school, you might find yourself dealing with them at work too. A workplace bully can make your work life miserable, making you feel intimidated or even upset and scared to go to work. You can try confronting them – but that’s not always an easy task. Talk to colleagues about what you’re feeling or speak to your manager or HR representative about the situation. Encourage your boss to put initiatives in place for identifying and solving bullying in the workplace as a way to curb the behaviour across the organisation. You shouldn’t have to tolerate workplace bullying so make sure you talk to someone to help find a solution.

Having difficult conversations with your boss

If you’ve been looking for a promotion or a pay rise, then having that conversation with your boss can be difficult. The best way to manage this is to prepare in advance. Put forward a persuasive argument highlighting your achievements, any additional responsibilities you’ve taken on an how you see your future at the company. Arrange a meeting with your manager and have an honest conversation. Do some research on how to ask for a pay rise and make sure what you’re asking for is fair and reasonable.

Making friends at work

If you ever moved schools as a kid, you’ll know what it’s like to be the new person and find some people to connect with. Starting a new job is never easy, but it will help you settle in quicker if you can make some friends. Invite some colleagues out to lunch or coffee, and ask to join them at their table when you can – most people will be happy to accept a new addition to a group.

Navigating relationships in the workplace is one of those things you can help to prepare your children for as they get older. Get more useful advice to teach your children about careers and managing their finances here. The more you can teach them at a young age, the more confident they will feel when they enter the world of work.

Are Car Repair Costs Driving You Into Debt?

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Owning a car can be expensive enough without having to then pay for constant repairs on top. Many car owners will spend more money in repairs and servicing than they did buying the car initially. Fortunately there are many ways to bring these costs down and prevent yourself from heading into debt. Here are just a few ways to bring down these expenses.

Know when to make a claim

Third party car insurance won’t offer you any compensation. It’s worth upgrading to fire and theft or comprehensive cover as these could help you pay for damage done to your vehicle by others. When making a claim, it’s important to contact your insurer as soon as possible after the damage has occurred. Some insurers will only allow you to make a claim if you notify them within 48 hours. You don’t have to go through the claim process there and then, but you should let them know. Don’t get repairs until your insurer has accepted your claim and paid out (although it could be beneficial to spend this time getting quotes for repair services).

Similarly you may be able to make a legal claim if you have been injured in a car accident. Some of this money could help to go towards car repairs. Personal injury solicitors can help you to make a claim. Some will operate on a ‘no win no fee’ basis, meaning that you won’t have to pay these solicitors unless you win your claim.

Shop around for repair services

It’s worth getting multiple quotes from different repair centres in your area, especially when repairing major damage. Occasionally, you may be able to get loyalty rates by staying with one mechanic, however this shouldn’t stop you still shopping around for quotes to check that there isn’t anything cheaper out there.

Be wary of repair centres that are charging very cheap rates – they could be making up for a bad reputation. Many repair centres will have reviews online from users. Check these so that you know what you’re getting yourself into.

Negotiate

Once you’ve collected quotes from different repair centres, consider negotiating the price down. Not all repair centres will be open to negotiation as some may have fixed rates. In most cases, you’ll generally have to speak to the manager. Some mechanics may have an option of paying in instalments, which could make it more manageable to pay.

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Source your own parts

Repair centres will look to make a profit on any replacement parts they need to buy. You can sometimes save money by sourcing your own parts online. Second-hand parts will be cheaper, but could be partially damaged – meaning that they’re prone to breaking sooner in the future. Buy these parts from a trusted parts dealer. If you do decide to buy from an independent seller, make sure that photos are supplied so that you can guage an idea of the condition or buy locally so that you can go and inspect the part in person before buying. Be aware that legal requirements on the condition of parts varies from country to country. For example, when buying partially worn tyres from another country, be aware that the tread depth of those tyres may not be legal in your country.

Phone a friend

Do you have a friend or relative that’s handy beneath the bonnet of a car? If you trust that they are proficient enough, you could go to them for repairs for a discounted rate. Alternatively, there may be some repairs that you yourself feel confident enough to take on. There are Youtube tutorials and online how-to-guide on most car repairs. It could be worth visiting a mechanic afterwards simply to check that your work is up to standard, most mechanics will be able to check over your vehicle for free.

Take preventative measures

The temptation may be to only fix things that need immediate repairing. However, quite often you can save money in the long run by investing in preventative repairs. A worn brake pad could be causing you to apply more pressure on the brake pedal, putting more strain on other parts. It could be wear down your tyre too. Replace this part early and you could delay other parts having to be fixed. Preventative repairs may even prevent accidents in some cases.

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Keep fluids topped up

You’ll be amazed how many faults are the result of allowing fluid to run dry. Don’t wait until your oil levels are dangerously low – the oil keeps all your parts lubricated, stopping them from grinding against one another and prolonging their lifespan. Engine coolant, brake fluid, power steering fluid and washer fluid are other liquids to keep on top. Whilst obvious, you should also keep fuel regularly topped up. Try not to let your tank run almost to empty each time as you could be putting a greater strain on your engine.

Do you really need a hire car?

When getting your car repaired, consider whether you really need a hire car in the meantime. Car hire costs are usually very expensive. It could be worth going without a car for a couple weeks and catching a lift from a friend or using public transport. Be aware that some insurance policies may pay for a hire car.

Is it time to sell/scrap your vehicle?

There may come a point when you’ve spent too much on repairs and it’s time to call it quits and buy a new vehicle. You can sell damaged vehicles but must specify this damage – there may be some buyers who still want to take it off your hands and pay for the repairs. Alternatively, when it comes to serious damage, it may be better to simply scrap the vehicle. You’ll get a small amount of money for scrapping – it won’t be enough to pay for a new car but it will at least give you some money to put towards a new vehicle.  

Securing Your Financial Risks One Good Business Choice At A Time

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How would you personally define good financial sense? From a business perspective, it can be hard to pin down. Not only does it seem like hundreds of investments are to be made to make your firm relevant, but actually earning the capital to do that can be hard. Even the best economist in the world might find it difficult to weigh up the individual needs of a business while predicting its continued growth in such a volatile free market. This can leave you feeling unsure of where to turn, and what practices to put in place to make sure the entire operation works for you, and not against you.

We’d argue that good financial sense, at least from a business perspective, consists in securing your financial risks one good business choice at a time. Not only will this help you methodologically assess what’s most important for your firm in this moment, but it will shield you with correct investment pathways, as you can see what works and what doesn’t, and navigate the path that way.

Allow us to go more in depth:

Insurance

When it comes to insurance, there are many coverage packages to offer. Insurance is much much than it claims to be. It not only gives you the opportunity to overcome and protect yourself from the difficulties of a failed investment or dealing, but it allows you freer agency to try something. For example, you’ll be much more fond of establishing your own delivery routes for products if you enact the correct.

Truck insurance, helping you develop your logistics from the very start. Online insurance will help you test that new VPN service more reliably, and stay secure in your cloud security. It will protect against staff shortages, business to business errors, and even office difficulties which put your business proceeds on hold. Insurance is the best and most pressing financial choice to make, because it’s so inclusive and so stress-reducing.

Skillsets

It’s always tempting to see the business through a lens. What resources are important to you are often defined in terms of manufacturable materials and bodies equipping your workforce. What is more ethereal and hard to pin down is the skillset of your employees, some which might not even show on the resumes they applied with. It’s in your interest to develop a better and more inclusive relationship with your staff, developing their needs ahead of your own.

Not only will this help you develop their motivation, but it will also help you assess any potential which you can develop further, creating a wholesome and adaptable staff member. This can help you diversify their duties, or simply avoid hiring two salaried members when you can’t afford it. Make sure to balance their workload effectively, and you’ll have a fluid and capable work force who continually see you investing in their development and education. This can foster brand loyalty like nothing else.

With these two initial steps, financial security and wisdom is that little closer to being yours for the taking.

Learning about Money- the Financial A, B, Cs

When it comes to learning about money there is so much information that it is challenging to know where to start. That is no excuse however for burying your head in the sand and making money someone else’s responsibility.

This simple guide outlines a few essential money principals.

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A is for Awareness

Typically people know how much they earn. Whether it’s by the week, month or hour, you know how much you earn and notice when something is different. But what about the other side of the equation? Do you know how much you spend?

Lack of awareness of spending can lead you to run out of cash, go overdrawn or rely on credit cards. Each of these has financial consequences. Being in charge of your money gives you a sense of wellbeing and control. A good place to start is by checking your bank statement, either online or a paper version. Go through line by line, can you identify each item? Many people find things they do not recognise or regular payments which they had forgotten about such as subscriptions. Maybe you accepted a trial offer which now is being charged?

Another example of awareness is being conscious over small regular amounts which you might spend every day. If you spent for example £5 a day on lunch, that may equate to over £1000 during a year. Would it be worth making a sandwich or salad at home and have £1000 for a holiday or other purpose?

B is for Budget

For many, Budget is a four letter word, but it need not be a negative. Taking a few minutes to plan what you are going to spend is a great step to putting you in control of your money and not the other way around. You can set a budget for any area of your life including fun and socialising. Many people find that by setting aside money for fun purposes means they can enjoy it more and be free of any guilt that they should be saving or spending the money elsewhere.

Setting a budget is a really simple task. Take a few minutes to list all the areas in which you spend money, then put your best estimate of the amount you currently spend next to it. When you add up the figures hopefully the total will be less than you earn. If not you will need to adjust the spending until it does. While you are feeling virtuous why not include a category for saving and reward yourself with a fun or play budget which you have to spend each month.

C is for Compound Interest

Einstein described compound interest as the eighth wonder of the world. The trouble is that it can work for you or against you. If you are paying interest on loans or credit cards the power of compound interest is increasing the debt and draining your current and future income.

If you have an outstanding balance on a credit card and just pay the minimum percentage each month it may take over 20 years to clear the debt! If you are only able to pay a fraction each month, make sure you are paying a fixed money amount rather than the percentage sometimes offered when you take out the card.

With interest so low at the time of writing there may seem like little incentive to save. This may be true in terms of financial gain from the savings alone, but the accumulated money saved can eventually be invested and grow at a better rate. The habit of saving money and living on less than 100% of your income is the important financial gain.