Investing in education technology
By financen | January 16, 2014 - 4:36 pm - Posted in Investing

In the coming days, more than sixty percent of our first graders will have jobs that are not even created today. No one knows what kind of jobs they will be, but it has certainly to do something with technology. That’s why it is important for every child to learn about technology.

With the advanced use of technology, the importance of teachers will not go down. The teachers and employers will use technology as a tool to deliver lessons to the students for their growth. Technology can be used in many ways like incorporating rich media and online resources to access knowledge. With the help of classroom assessment tools, teachers can immediately find out the gaps in the students’ knowledge. Wherever they are lagging, the teachers will train them accordingly. With the help of data analysis and management tools, teachers and school leaders will get valuable feedback that will help in better information management for the child’s future growth.

Recent studies show that whenever technology is exercised in learning, the students want to acquire more knowledge. In Gurnee-based tech school, with the help of technology, specialized learning can be offered in the classrooms, and struggling students can pick up very fast with their peers. Thus, it becomes very important to incorporate modern education technology in today’s schools.

Nowadays, large numbers of schools are spending on technology every year around the world. Tablets and laptops are making the learning process quiet easier. Hence investing in education technology is the best way to shape up the youngsters future.

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Financial planning for your future
By financen | January 15, 2014 - 5:53 pm - Posted in Financial planning

When it comes to financial planning, many people make this common mistake of ignoring it completely and it keep it aside for so long and it so happens that the real benefits of financial planning expire. It’s important to start planning at the earliest so that you get the real value of your money.

Financial planning

Financial planning

Many people do not want to put their efforts in financial planning because they think that the process of planning will be too lengthy and also they remain unaware about the benefits. A financial planning surrey was done and it was found that many people had the following misconception:-

  • They were not able to properly plan their financial goals.
  • Take a financial decision without even understanding its effects on other financial issues.
  • Many people confuse financial planning with investing.
  • They often neglect to re-evaluate their plan periodically.
  • Many people think that financial planning is only for wealthy people or for people when they get older.
  • Financial planning is often confused with retirement planning.
  • They wait till the time when there is a money crisis and then start planning.
  • Expecting unrealistic returns on investments.
  • Sometimes they think that using a planner means losing control.
  • They often think that financial planning is primarily tax planning.

You should always make your money count with a plan. And in order to avoid the mistakes mentioned above, you most focus in a proper way. You can get the best ROI from your financial planning by following these tips.

Start planning as soon as you can: It is not worth to delay your financial planning. People who start to invest at an early age will get more benefits than others who wait until later in life and do retirement planning surrey. When you have developed good financial habits like saving, budgeting, investing and regularly reviewing your finances early in life, you will be able to handle the challenges in life in a better way.

Be realistic in your expectations: Proper planning of your finances will help you reach your goals quicker in life. However there will be some events that will be beyond your control such as inflation or fluctuations in the stock market or interest rates. So it is important to be prepared.

Setting up your financial goals: You must set your targets that you want to achieve and when you want to achieve them.

Taking charge: When you are working with a financial planner, make sure that you understand the financial planning process and how your money will give you the returns. The planner will require all your information about your financial situation and your purpose. Get all your questions answered and play an active role in decision making.

Re-evaluating your financial situation regularly: Financial planning is a dynamic process. Your financial goals may change over the period of time due to changes in your lifestyle such as marriage, inheritance, birth, house purchase or change of job status. Always revise your financial plans periodically so that you can stay on track with your long term goals.

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6 years since 2008 financial crisis
By financen | January 14, 2014 - 5:27 pm - Posted in Financial Crisis, Financial recession

No one can forget the 2008 financial crisis. It’s been 6 years since then. Lehman was bankrupt. Major stocks went big time down. Home prices went down between 10%-20%. More than 2 million people became jobless.

Financial-Crisis

Financial-Crisis

There was a survey done on around 1000 adult investors and they were asked what they do differently. The question asked was what they think about money now vs. 6 years ago. And the findings are mentioned below:

42% of the adults are contributing more towards their retirement accounts or IRA. If you feel that you are behind in your savings, the best way to get this back on track is to just start doing it. Then you can set it up on an automatic basis. First you figure out an amount that you can easily save at the end of the month, and then set it up electronically. It is important that you pay yourself first.

Next 55% of the people feel that their retirement plan today is much better than the one that was before 2008 financial crisis. Why? They have done some good retirement planning. With good professional help, you can get a clear picture of how to fund your retirement lifestyle that works the best in your situation. You just need to set a budget and stick to it. You get a target rate of return that needs to be earned on your investments.

Another 42% of the people have increased their emergency funds. This is a kind of savings that can be used only during emergencies. This money is usually not invested for a long period of time. There are some people who will actually want to create an emergency fund before investing and keep on adding money towards it, before they actually start investing in shares or bonds. If you have not set money aside for emergency funds, you can do it now. You just have to shoot 3-6 months of living expenses in a savings account.

80% of the adults believe that they have a better knowledge about their finances now before the 2008 financial crisis. This is much better. Young adults are investing their time into learning, and this will definitely help them in making better financial decisions.

72% of the people believe that their debt amount is much less than what it were earlier 2008. It is important to know what you can and what you cannot afford. Paying down your debts is always good for your future. You need to identify the sources from where your money will be coming and use it to pay your existing debts. Also keep an eye on how much you are paying down every month. Sometimes we learn from our experiences. So the key thing is to use what we have learned and take actions.

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Happy New Year 2014
By financen | January 1, 2014 - 1:56 am - Posted in Others
Happy new year 2014

Happy new year 2014

Best wishes and a very happy and prosperous New Year 2014 to all the visitors of Finance News Pro.

 

 

 

 

 

 

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