Category Archives: Financial

How To Handle Your Money From a New Job

After countless interviews, patiently waiting, and anxiously negotiating, you finally landed that new job! Many of us get caught up in the emotions of success and satisfactory emotions after the acceptance, but there is one more factor to analyze; how this transition will affect your finances. Thankfully, experts have established what to do with your money when you start your new job:

1. Make sure you understand your new compensation package.

Job seekers tend to focus just on salary, says Cameron Laker, CEO and cofounder of human resources and recruitment firm Mindfield. But before you start your new job, you should sit down and review all the ways in which your finances will be changing.

2. Adjust your budget.

If you’re taking a lower-paying job to join an exciting new startup or follow your passion, you’ll need to carefully consider how you’re going to scale back. If you’re going to be making more money, you’ll have to plan ahead in order to avoid lifestyle creep.

3. Decide what to do with your former workplace’s 401(k).

If your former employer offered a 401(k) plan to save for retirement, you’ll have several options: keeping it as-is, rolling it over (industry jargon for moving it) into your new 401(k), or rolling it into an IRA.

For most people, he says, rolling over retirement accounts into an IRA is “the path of least resistance.” Usually, it will offer lower-cost investments than their new 401(k).

4. Change over your insurance.

In many cases, you won’t be able to start using your new health insurance plan until you’ve worked at the company for thirty days. During the transition period, you’ll want to enroll in COBRA to keep your old coverage going, Oliver says. That can be expensive, since you’ll be taking over the costs that were once covered by your employer, but it’s still worth the peace of mind that comes from knowing that you’re prepared in case of emergency.

Once you’ve given your notice, your company has 14 days to give you the option to receive COBRA coverage. If you say yes, your coverage will begin on the day after your benefits would normally end.

5. Understand how vesting works.

Does your new employer offer vesting that will allow you to earn equity over time? If so, you’ll want to figure out exactly how that works. Generally, companies will grant you options from the start, but they only become yours as they vest over time. Likewise, you may be given stock, but the company will retain the right to repurchase it if you leave, unless it has fully vested.


Read more: http://www.businessinsider.com/what-to-do-with-your-money-when-you-change-jobs-2015-7#ixzz3fo9v559c

You Can Now Afford Healthy Eating Thanks to This…

It’s a common assumption that having a healthy diet often comes with a pricey grocery list, but believe it or not, there are ways to beat the price tag when your grocery shopping for healthy foods; you just have to know what to look for. Whether you are a business owner with a busy day or a high performance athlete, everyone has a budget and everyone needs a healthy diet to keep them rocking throughout their day. Thanks to registered and licensed dietitian at Urban Nutrition, Nicole Chase, and nutritionist and author of “The One One One Diet,” Rania Batayneh, we have 5 of your next grocery list items:

Sweet Potatoes

You can find this versatile veggie for $.50 apiece at Trader Joe’s.

Photo:Wally Hartshorn
Photo:Wally Hartshorn

While one serving contains about 40 grams of carbs, there’s no need to feel bad about consuming carbs if they’re coming from sweet potatoes, Batayneh tells us. “They provide your muscles and brain with energy, as well as a host of other nutrients to keep your body running smoothly. High in fiber, they help maintain healthy blood sugars. They also contain beta-carotene, a precursor for vitamin A.”

 

 

Dried Beans

Beans are often overlooked, but they’re a great economical ingredient to add to your grocery list.

“A serving of beans — about ½ to ¾ cup — offers eight grams each of muscle-building protein and satiating fiber, making them a healthy and economical add-on at breakfast, lunch, or dinner,” says Batayneh. “Dried beans are cheaper than canned beans but require advance planning, as they generally require soaking for a couple hours.”

Chase agrees that buying dried beans in bulk is the least costly option, and recommends using them as the base for meatless meals.

Eggs

“At around $.20 per egg, eggs are one of the most economical (and environmentally friendly!) sources of protein,” says Batayneh.

“Both the whites and the yolk are valuable sources of nutrients: The whites offer six grams of high quality protein, while the yolk provides choline, a B vitamin that plays a role in brain and liver health, as well as zeaxanthin and lutein, two antioxidants that boost eye health.”

What’s more, egg preparation options are endless. Try them scrambled, hard-boiled, soft-boiled, poached, or whip up an omelet or frittata.

Jicama

If you’re looking to munch without loading up on hundreds of calories from chips, crackers, or other crunchy snacks, jicama is your answer.

“Ditch the chips and try sliced jicama, a non-starchy vegetable with a crispy, juicy flesh,” says Chase. “Jicama is a tuber vegetable that can be found in the produce section of your local grocery store. With only 25 calories per half cup, sliced jicama packs in 20% of the daily value for vitamin C and is a good source of fiber.”

Chase recommends peeling and slicing the veggie to use in place of chips as a dipper for appetizers.

Canned Tuna

“The American Heart Association recommends consuming at least two servings of fatty fish per week, but for the time- or money-conscious, that can be difficult,” Batayneh tells us. “Canned tuna (or salmon) removes both of those obstacles.”

Cans of Tuna isolated against a blue background
© kitchbain

You can find two-serving cans for about $.70 each, and they’re rich in omega-3 fatty acids, she says. “Omega-3 fatty acids improve heart health by reducing blood triglyceride levels and slowing the growth of atherosclerotic plaques. Their consumption is also correlated with a reduced risk of depression.”

 

 

 


 

To view more affordable, healthy grocery items, read more here: http://www.businessinsider.com/the-healthiest-cheapest-foods-2015-7

5 Hacks Your Barista Wont Tell You To Save Money

Coffee-holics rejoice! There are multiple ways you can prevent Starbucks from eating your wallet whole while still getting the most out of your order. So drink up, and take on your day with confidence thanks to that extra boost of caffeine you can now enjoy, guilt free!

  1) $2 Iced Lattes

Order a triple espresso over ice in a venti cup and pour the milk yourself at the condiment area!

  2) Refills for 50 Cents

Understandably, sometimes one cup just doesn’t cut it, which is a problem no more because you can refill your cup with brewed coffee for just 50 cents during the same visit. Not a bad price for an extra pick-me-up.

3) Bring Your Own Cup

nanka-photo
nanka-photo

You will save a whopping 10 cents on your drink when you bring in your own reusable cup, mug, or travel tumbler, and if you’re the coffe-holic you claim to be, the savings will add up!

4) The Water Secret

Steer clear of reaching for those bottle of waters by the registers. In fact, the water they can provide for you may even be cleaner! Starbucks water and ice is triple-distilled!

 

5) Take Advantage of Your Birthday 

If you sign up for Starbucks Rewards Program (which is free of charge), you can receive a free drink for you birthday as long as you redeem it within 30 days!


 

Learn More Starbucks Hacks At: http://www.popsugar.com/smart-living/Tips-Saving-Money-Starbucks-3751741?stream_view=1#opening-slide