Pennysaverblog – Page 217 – Smart Finance and Money Saving Tips

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5 Tips For Negotiating The Cost Of A New Car

There are very few things that are as stressful and exciting all at the same time as buying a new car. It’s a huge investment, and there are so many ways for it to go wrong. But it’s something you’ve probably coveted for quite some time, and will now get to enjoy for years to come. Your car is your freedom, your ability to get to and from your job, your mobile entertainment and your status symbol. With everything rolled up in one you might be willing to pay any price for the vehicle that steals your heart. But wiser heads must prevail, as you’ll want to save as much money as humanly possible during the purchase. Of course the dealership is looking to get whatever they can from you, so you’ll have to come prepared if you don’t want to get fleeced. As long as you remain calm and think logically you’ll be fine. Here are five tips for negotiating the cost of a new car.

First off, do your research before you walk on the lot. Once you get to the dealership it’s very tough to leave without a car. You’ll be test driving the beauty you’ve had your eye on, and the salesperson is well trained to get you to pull the trigger that very day. So take the time to research the vehicle you’d like to buy well in advance. Understand how the various add-ons and special features shape the price. Also make sure you’ve looked at a number of different dealerships. You should know quite well what the car costs, and what deals you could get in other places in order to successfully negotiate.

February 25, 2013

Business

The High Cost Of Employee Turnover For Your Business

When a company’s level of success is measured, one of the things that is definitely taken into high consideration is its employee turnover rate. Although it can’t be helped that there will be times when someone has to be released or leaves to go to another job, when there is a high amount of people who fit into this category, it can send a message that there are some internal challenges within a business that need to be thoroughly addressed.

Aside from the company structure issues that may come with employee turnover, it can also cause a bit of financial stress because there are many costs that incur whenever someone leaves. Here are a list of five main ways that turnover affects a business:

Work doesn’t get done as effectively. When you hire someone to do a certain job and they are no longer present to do it, this means that either someone else has to take up the slack or the work will not be done until another individual can be placed into the position. Either way this slows productivity down and as we all know, “time is money”. The less people there are who can work, the less work that gets done in a timely fashion.

February 24, 2013

Business

Poor Employee Performance – How Much Does It Cost Your Business?

In today’s recession economy it is important to stretch every dollar your business spends to its absolute limit. It’s fairly easy to do this when it comes to product manufacturing, shipping costs and utility bills, but what about when it comes to the cost of your employees? You can determine how much profit an employee brings into the company through the work they do, or how much they cost you to maintain with their benefits package and your tax burden. But how can you determine if a subpar employee is costing your business money? People will make mistakes, but what if they continue to occur? Or what if there are other, more subtle ways that employee is impacting your business. If you have more than ten people in your business, chances are at least one of them is a poor employee. So how much is poor employee performance costing your business?

There is one easy way to quantify this, by looking at the added time these employees require. And it’s not just the extra time they have to put in, but it’s the extra time your managers put in handling these hard cases. If you’re the direct manager, you know what this takes. You’d much rather be raising up your quality employees, helping them along their successful trajectory. Instead you’re stuck in the doldrums with the weak link. According to some recent surveys, there is a very real cost to this strategy. Managers are spending more than 15% of their time pushing and prodding poor employees. That’s almost one full day out of the week wasted on a poor performer. What could you be generating with that time?

February 24, 2013

Family

5 Tips For Purchasing Life Insurance For Aging Parents

Conversations that most people do not look forward to having are the ones surrounding making preparations for death. That’s why there are so many people who don’t have a living will and haven’t purchased life insurance. It’s simply a topic that they would prefer to completely avoid. If you can relate, while we certainly understand where you are coming from, the reality is that all of us will pass on one day and so it’s actually a sign of great care for the ones we leave behind to take out a life insurance policy beforehand.

So, what if you’re not getting one for yourself, but for your parents? Well, being that they are older than you and there’s a greater chance that they will die within your lifetime, that can make it all the more uncomfortable, but also all the more necessary. If you would like some tips on purchasing life insurance for your aging parents, we have enclosed five that should make the entire process much easier for you:

Know that it’s needed. Sometimes people are tempted to procrastinate with getting a policy. Then, when a loved one passes, they are stressed out with trying to figure out how to pay for funeral costs. So that you won’t have the added financial strain of paying to bury your parent(s) and so there can be an estate left for you and your siblings, it’s best to get a policy as soon as possible.

February 23, 2013

Travel & Entertainment

How To Avoid Hidden Travel Expenses

When you’re planning to take a trip, especially if it’s for leisure rather than work, you want to make sure that you are able to spend more money on things that you can do once you arrive rather than on the journey itself. For this reason, it’s wise to know about the many hidden expenses that tend to “pop up” while making travel plans.

Do you want to know what they are and more importantly, how you can avoid them? If so, we’ve enclosed five tips that can help you to keep more money in your pocket rather than spending it all on reservations at the airport, the rental car place or even at your hotel:

Make reservations online and purchase travel insurance. Just like with a lot of cable or cell phone companies, when you are booking a reservation and you would prefer to speak with a live agent, there tends to be a small processing fee. For this reason, you would be better off booking it yourself online. Just make sure that if you go with a travel deal website like Cheap Flights or Expedia that you purchase travel insurance. That’s because if you happen to miss your flight and you need to reschedule, without insurance, you can end up paying almost the same amount to rebook your flight.

February 23, 2013

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