Financial Advice for Surviving a Job Loss - PRLog (free press release) Financial Advice for Surviving a Job Loss - PRLog (free press release)

Saturday, May 19, 2012

Financial Advice for Surviving a Job Loss - PRLog (free press release)

Financial Advice for Surviving a Job Loss - PRLog (free press release)
PRLog (Press Release) - May 19, 2012 -
Whether you are laid off indefinitely or your position is terminated altogether, losing your primary source of income can be terrifying. Being proactive from the get-go can help you maintain a more comfortable lifestyle until you replace your lost income. Here are some tips for getting by when the unexpected happens. CLICK HERE Now to Check Out Non Profit Credit Card Consolidation!

Be up-front with your creditors. Contact your lenders to see if you can negotiate lower payments or otherwise alter your payment terms temporarily. If you have student loans, for instance, you can generally put your loans into forbearance or defer them due to financial hardship. Many creditors will require proof that your income has changed, so be prepared to offer documentation.

Give up services that you can live without. While it may be painful to go without Netflix, satellite or cable TV, a lawn service or other luxuries, trimming these unnecessary costs can help you preserve your savings and have more money to put toward necessities. Some suggest giving up your cell phone or home Internet, but if these are your only points of contact for potential job offers, it is probably worth it to keep them connected.

Consider a less expensive form of transportation. If you have a hefty car loan and expensive insurance, downgrading to a used vehicle may be a good idea. Better yet, if you have access to public transportation, consider getting rid of one or more automobiles altogether. CLICK HERE now to check out Non Profit Credit Card Consolidation Now!

Alter your grocery-buying habits. If you tend to shop wherever it is most convenient, you are probably missing out on big savings. Pay attention to circulars to find the best deals on the foods you purchase the most. You can also get more bang for your buck by shopping at discount stores and by buying staples like rice, beans, and flour in bulk. Use your time off to learn some new recipes; cooking from scratch can save you lots of money.

Do not turn to your credit cards unless you truly have no other options. Racking up significant debt, especially for non-essential expenses, will simply make it much harder to catch up when you find a new job or return to your old one. Save these lines of credit for true emergencies, such as car repairs.

Find a way to make extra money, however little. Use the free time you have left after searching for jobs to perform side jobs like lawn mowing, tutoring or giving lessons. Advertise your services in free classifieds, Craigslist or local bulletin boards.

Apply for help from the government. Depending on the circumstances of your job loss, you may qualify for unemployment benefits. Look into your options right away, because in some localities, unemployment doesn't kick in immediately. Also, investigate services like SNAP and WIC, depending on the size and composition of your family. These programs provide debit cards or vouchers for purchasing food.

Unemployment can be a difficult and stressful time for your family. With these tips for making ends meet, however, you can reduce your struggles and stay afloat while searching for your next source of income. CLICK HERE Now to Check Out Non Profit Credit Card Consolidation!

Money troubles raises corruption risk in football - France 24

AFP - There are thousands of players like Mario Cizmek in football, professionals who never fulfilled their early promise yet whose passion for the game takes them to unfashionable clubs to earn a living from the game they love.

Cizmek represented his native Croatia at under-20 and under-21 level. A diagnosis of diabetes halted his rise and he never made it to the big leagues. Instead he became a journeyman, playing for clubs as far afield as Israel and Iceland.

The 36-year-old midfielder, though, has since made a name for himself for the wrong reasons after admitting involvement in fixing eight matches in 2010, raising the prospect of time in jail and a ban from playing the sport for life.

Cizmek said his life started to unravel after his club, Croatia Sesvete, failed to pay his salary, which amounted to roughly 3,000 euros (about $3,900) a month.

"A month or two is not a problem but I did not get my wages for a full year," he told AFP.

He owed the state about 35,000 euros (dollars) in taxes and social contributions and did not want to ask friends and family for loans anymore.

"You lose your dignity and become an easy target," he said, revealing how the organisers of the match-fixing worked on cultivating susceptible players for months.

Cizmek said he received between 2,000 and 3,000 euros ($2,600-3,900) a match and was one of 15 players and football officials sentenced by a Zagreb court last December for rigging eight Croatian First Division (HNL) matches.

For that, he was sentenced to 10 months in jail in the country's first trial of its kind. He is now waiting for Croatia's Supreme Court to give its final ruling. If it finds against him, he will go to prison.

Cizmek stressed that the difficulties he faced did not justify his behaviour and now wants his experience to serve as an example to young players tempted to follow the same path.

"You get just a bit and you can lose almost everything," he said. "Football was my whole life and I lost it," he said.

"You feel so stupid and miserable ... thinking, 'How is it possible that I'm doing this after a honest career spanning 20 years?'"

Cizmek, though, is not an isolated case in the global game.

In Turkey, nearly 100 people, including officials and players from top sides like Fenerbahce, Galatasaray and Besiktas, are currently on trial over claims that at least 19 first and second division matches were fixed during the 2010-11 season.

Italian prosecutors are also grappling with fresh claims of graft, six years after current Serie A champions Juventus were stripped of two league titles and relegated to Serie B for trying to influence refereeing appointments.

Corruption allegations have also rocked the fledgling league in China, while the probe in Croatia was launched in late 2009 after German police provided information about match-rigging and betting fraud across Europe.

Football's world governing body FIFA has launched a new drive against corruption in the game, including an appeal for assistance to Interpol and the establishment of protection programmes for those who blow the whistle on match-fixing.

FIFA estimates that between 400 and 500 billion euros are generated each year by betting on sport -- both legal and illegal -- with between five and 15 billion euros stemming from fixed matches, making it hugely attractive for organised crime.

But in a special "Black Book", the global football players union FIFPro said there was "a clear link between the non-payment of wages and match-fixing".

It found that more than 40 percent of professional players in 12 Eastern European countries did not have their salaries paid on time.

Cizek said the reality of fixing matches is more mundane than simply making mistakes on the pitch and with most first division sides in Croatia struggling financially, it's easy to see how players can succumb to temptation.

"There were eight of us (from the same club involved in match-fixing) on the pitch, it was enough just not to play with 100 percent effort," he explained.

Marketing and sponsorship income have dropped dramatically in less high-profile leagues like Croatia due to the economic crisis, while poor quality games and fans turned off by a string of scandals has left clubs playing to almost empty stadiums.

Anti-graft prosecutors in Croatia suspect several top football officials of taking bribes and fixing matches.

"The current situation within Croatian football is the most critical ever" since the former Yugoslav republic gained independence in 1991, said leading sports journalist Robert Matteoni.

"The main problem is poor management of the federation and clubs, which are on verge of financial collapse."

The Croatian league has vowed to slim down from 16 clubs currently to just 10 by 2014.

"Simply, Croatia's economic environment cannot support 16 professional clubs," added Croatian football federation (HNS) secretary-general Zorislav Srebric.

To tackle the problem, Croatia's centre-left government is drafting a new law on sports aimed at bringing more transparency in management and money flows.

Changes in the football federation leadership are also imminent, media reports have suggested.

Better Business Planning, Inc. Connects its Local Community Through Social Media - YAHOO!

With the unveiling of the agency’s Illinois insurance blog, the team at Better Business Planning hopes to better serve both the insurance and social needs of its neighbors.

Itaska, Illinois (PRWEB) May 19, 2012

Local Illinois insurance agency, Better Business Planning, Inc., has proudly launched an interactive social media strategy geared toward strengthening both business and personal bonds within the community. With the unveiling of the agency’s Illinois insurance blog, the team at Better Business Planning hopes to better serve both the insurance and social needs of its neighbors.

The fresh new blog will allow members of the surrounding Illinois community to conveniently access relevant insurance advice, as well as local community news. From video clips and accompanying links to personal greetings and insurance tips, the innovative Better Business Planning blog will provide Illinois companies with truly valuable information. The blog includes access to content regarding both general and specific insurance requirements. Whether individuals need to stay safe on the road with Illinois vehicle insurance or a company wants to obtain Illinois group health insurance to save its employees money, Better Business Planning will use its expertise to effectively address these needs.

This revitalized approach to connecting with local consumers coincides with the agency’s mission to not only continue to serve their loyal customers but to expand its service for all of those in need of reliable coverage. The fresh, new blog also comes with collaborative links to the agency’s Facebook and Twitter, while allowing visitors to grab hold of advanced insurance knowledge by subscribing to the Better Business Planning RSS feed. Current and potential customers can now receive in-depth, community-centered insurance information right at their fingertips.

Better Business Planning’s use of social media will bring a modern feel to the way the agency engages with and markets to the community. Whether businesses want to look into Illinois group health insurance or simply want to know what’s going on in their neighborhood, they can find the answers they are looking for with Better Business Planning.

About Better Business Planning, Inc.:

In 1977, Better Business Planning was founded at a kitchen table in a western suburb of Chicago with the mission of providing quality Illinois insurance solutions. Through the years, the agency has perfected its craft and now offers a variety of group insurance coverages throughout the entire state of Illinois. The staff at Better Business Planning is dedicated to servicing clients’ specialized Illinois insurance needs. We continue to strive to improve the quality and affordability of benefits for all of our customers and their employees.

Jennifer Nottage
Astonish Results
(401) 921-6220
Email Information

Inventors’ business ideas get awards - Bowling Green Daily News

When Ron Rizzo developed a small device to help officials inspect underwater bridges, search and rescue, and explore caves, he didn’t have the money to pursue the project the way he wanted to.

Now, he has earned a state grant. Western Kentucky University students from the engineering, computer science and business programs are working on his invention, and Rizzo was one of 13 winners in the 2012 Bucks for Bright Ideas competition.

Each year, WKU’s Central Region Innovation and Commercialization Center hands out thousands of dollars in services to winning entrepreneurs.

This year, about 90 people entered 125 inventions and business ideas. Thirteen of those inventors recently were chosen as winners, and they will receive a total of $30,000 in services. Those services range from patent attorneys to marketers to graphic designers.

“It’s ... to help develop what I call the business concept,” Rizzo said. “To get a business plan developed is pretty expensive for an individual like myself.”

The center encourages entrepreneurship by giving innovators resources to start their businesses, and the center’s incubator houses start-up businesses that have employed several local people.

The Bucks for Bright Ideas competition assists inventors whose ideas could become a viable business. The winners are chosen through a review process, and their ideas tend to be very developed and organized, according to Doug Rohrer, executive director of the center.

Last year, eight people were awarded services after winning the competition, and one of those inventions is now being produced, he said.

“It benefits the region because we take what could be an idea that falls by the wayside and never gets commercialized, and we hope we can bring these ideas to fruition so a company can be formed,” he said, “and a company with employees. Of course, employees, they have jobs, they pay taxes.”

Samuel Hunt hopes his idea one day morphs into a company that employs people in this area. Hunt was one winner in this year’s contest – the Bowling Green resident and WKU doctoral student is trying to modernize a piece of equipment that about 600 million people use professionally and recreationally, he said.

To minimize the chance of their ideas getting stolen, most winners do not want to divulge the specifics of their inventions before they get a patent.

Hunt is looking forward to the perks of winning the competition, particularly getting help with the patent and copyright processes, as well as marketing assistance, he said.

“Basically, it’s going to take the idea from something that’s been in my mind to something that’s a company,” he said.

Over the next year, Hunt hopes to get his prototype finished and create a tangible, presentable product, he said.

Rizzo, who recently snagged a $75,000 grant from the Kentucky Science and Engineering Foundation, says he’s excited about his idea and the help he will receive after winning the Bucks for Bright Ideas competition.

“My dream would be a viable company for the state of Kentucky,” he said. “Maybe there’s a commercialized company that might want to buy this technology, but I would love to see a company in the incubator at the Western Kentucky (University) commercialization center.”

G-8 leaders focus on European financial crisis - USA Today

With three new members in their midst, the Group of Eight leaders will take measure of themselves as they turn their attention Saturday to reconciling the need to quell European debt crises with the desire to increase demand for goods and spur job growth.

Facing economic and political pressures at home, President Obama and leaders of Germany, France, Canada, Italy, Great Britain, Russia, and Japan were huddling in the casual setting of Camp David's Laurel Lodge looking to build consensus even though a decisive plan of action seemed out of reach at this point.

The G-8 session here in this secure presidential compound nestled in Maryland's Catoctin Mountains sets the stage for a far more consequential European summit next week where eurozone members hope to come together on specific steps to fight rising debt while spurring a recovery.

Obama established the tone for the G-8 Friday after meeting with just-elected French President Francois Hollande, declaring that the aim of the summit is to promote both fiscal consolidation and a "strong growth agenda."

"President Hollande and I agree that this is an issue of extraordinary importance not only to the people of Europe but also to the world economy," Obama told reporters following the meeting.

In a hint of the pressures facing the leaders, Obama greeted German Chancellor Angela Merkel to Camp David Friday at dusk, asking her how she was. Merkel, facing resistance over her austerity push, merely shrugged.

"Well, you have a few things on your mind," Obama said sympathetically.

A central economic topic, though hardly the only one confronting Europe, is the fate of Greece which is facing the most acute financial crisis of the eurozone and is set to hold elections June 17 to end political deadlock. At issue is whether Greece abandons the euro to escape austerity measures.

Hollande, speaking with Obama at his side Friday, said: "We share the same views, the fact that Greece must stay in the eurozone and that all of us must do what we can to that effect."

Lowering expectations for the G-8, U.S. National Security Adviser Tom Donilon said: "The leaders I think will focus on specifics and specific concepts and ideas for growth and jobs. But I would also point out that the ultimate decisions on that would be decisions taken in the eurozone."

Also on the agenda is energy as the world looks to the oil markets in advance of scheduled sanctions on Iranian oil exports. While oil prices have been falling, major oil importing countries, including the U.S., are keeping a wary eye on prices and keeping open the possibility of tapping their own oil reserves.

For Obama, Europe's fate is critical to his own political survival. An economic recession that spreads to the U.S. could damage an already slow recovery and boost the argument by his Republican challenger, Mitt Romney, that the United States economy needs new leadership.

There is a get-acquainted aspect to the session as well. The Camp David gathering, the largest collection of foreign leaders ever at the presidential retreat, is the first G-8 meeting for Hollande, for Italian Prime Minister Mario Monti and for Japanese Prime Minister Yoshihiko Noda. In what has been widely viewed as a snub, Russian President Vladimir Putin is skipping the G-8, sending Prime Minister Dmitry Medvedev in his place.

The meeting comes at a turning point in Europe, marked by elections in France and Greece that signaled defiance toward the fiscal austerity measures that Merkel has pushed for the most indebted eurozone countries. European countries are straining under high borrowing rates. The drastic cuts in spending and government layoffs were designed to address massive national debts but they have also caused short-term economic distress and joblessness.

On Friday, Spain's central bank announced that the level of bad loans on the books of Spanish banks was at an 18-year high, fueling concerns about the financial sector in the eurozone's fourth-largest economy.

The emphasis on economic growth has been welcomed by Obama, who has long argued that the stimulative steps he took in 2009 put the U.S. on the road to recovery.

"Europe is still in a difficult state," Obama told donors in Seattle last week, "partly because they didn't take some of the decisive steps that we took early on in this recession."

To what degree the Europeans, and Merkel in particular, agree remains to be seen.

"With Hollande coming into play here, there is going to be a lot of pressure on Germany, not just from Hollande and Obama, but also some of the other countries — Italy and UK — some pressure for Germany to push more toward growth within Europe because they have to get them on board," said Jeffrey Bergstrand, a former federal reserve economist and now an expert on international finance at the University of Notre Dame.

U.S. officials have been encouraged by recent discussions in Europe to ease up some belt-tightening so that spending cuts aren't as deep or as swift and to increase spending on public works projects like roads and schools in weaker parts of Europe. They also point to Germany's recent decision to negotiate higher public sector wages, a move they say could have a positive ripple effect on demand.

Merkel herself has made conciliatory gestures, saying in a television interview this week that she was open to helping stimulate the Greek economy provided Greece honored pledges to shrink its debt.

Purchase home with some financial due diligence - Economic Times
In his mid-thirties , Sridhar is contemplating on buying a house. While the food inflation breached the doubledigit mark recently, the overall inflation shows no sign of taming down. Amidst the reigning financial uncertainties , Sridhar is undecided on taking a home loan to the tune of Rs 50 lakhs. A home loan is a huge financial burden and borrowers must have a safety net in place.

Is your safety net in place?

Optimum loan amount

How should you arrive at the right amount to borrow? The number of dependents, other debts, additional sources of income, expenditure level and interest rates has a direct bearing on the right loan amount.
Lenders know pretty well that borrowers cannot afford to spend more than 40 percent of their gross salary towards a home loan repayment. When estimating the home loan amount, ensure that you take into account additional costs like stamp duty and other legal fees.

Consider a scenario where Sridhar takes a loan to the tune of Rs 40 lakhs. For a tenure of 15 years, at a 10 percent rate of interest , his monthly EMI is Rs 43,000. If Sridhar's loan amount was Rs 60 lakhs, his EMI will be Rs 64,000.

Borrowing less translates to lesser monthly financial commitment towards a home loan.

Factor in rate increase

Floating rate loans can fluctuate in either direction . A drop in the rate will translate into monthly savings . On the contrary, a rate hike can lead to increased financial outgo.

Consider a loan amount of Rs 40 lakhs. For a tenure of 15 years, at a 10 percent rate of interest, Sridhar's monthly EMI is around Rs 43,000. If the interest rate goes to 15 percent, the EMI is Rs 56,000.

If a borrower has to pay the increase in EMIs over the years, they will become difficult to manage without a sound financial plan. Hence, factor in rate increases when calculating your loan repayments.

Build a contingency fund

It is recommended that you have three to six months' salary in your cash reserve. This contingency buffer should be expanded in the event of an increase in outstanding debts, more dependents or greater expenditure .

Failing to build a contingency buffer before taking a home loan could prove to be difficult in the event of an unexpected expenditure.

Have protection plan in place

There are numerous home insurance plans targeted at home loan borrowers . They provide cover to a home loan in the event of any unforeseen event happening to the borrower . In such a situation, the family of the borrower will have the support of the insurance cover to pay for the outstanding home loan, without being burdened by monthly EMIs. Read the terms well before narrowing on a home loan insurance product.

A borrower must aim to be debt-free soon. In the event of a financial windfall , try to repay your outstanding debt towards the home loan. A home is a precious asset to which the family has an emotional attachment . Build a financial safety net so that your home purchase process is without glitches.

Local business - Medford Mail Tribune

E.N. Lippert Co. is expanding flooring store to Grants Pass

E.N. Lippert Co. will open a No Frills Flooring store in Grants Pass in June.

The Medford-based business will move into a 7,000-square-foot space and employ four in Grants Pass Shopping Center, 1100 N.E. E St.

The original No Frills Flooring store on Rossanley Drive in Medford opened in 1996. Lippert Co. also owns and operates Lipperts Carpet One stores in Medford and Grants Pass.

Reverse mortgage class will be offered Tuesday, May 22

Consumer Credit Counseling Service of Southern Oregon is offering a reverse mortgage class on Tuesday, May 22. Reverse mortgages are for people 62 years or older who want to tap into the equity of their homes. The class begins at 5 p.m. at 820 Crater Lake Ave., Suite 202, Medford.

The registration fee is $10 per person. Pre-registration is required. Call 541-779-2273.

Compiled from staff reports

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Passage of money measures part of statewide trend - Statesman Journal

How they fared

Summary of how property tax measures fared in Tuesdays election, courtesy of the League of Oregon Cities.


Albany: Levy for public safety, 54 percent yes
Bay City: Levy for fire protection, 84 percent yes
Dundee: Bond for fire station, 59 percent yes
Forest Grove: Levy for public safety and community services, 61 percent yes
Hillsboro: Levy for police, fire and parks, 78 percent yes
Stayton: Levy for library, pool and parks, 66 percent yes
Union: Levy for library, 65 percent yes


Benton County: Levy for proposed Alsea human services district, 65 percent yes
Clatsop County: Bond for jail improvements, 56 percent no
Josephine County: Levy for criminal justice operations, 57 percent no
Malheur County: Levy for extension service district, 56 percent yes
Multnomah County: Levy for library operations, 85 percent yes
Tillamook County: Levy for library operations, 53 percent yes
Tillamook County: Levy for veterans office, 82 percent yes


Dexter: Levy for equipment and operations, 62 percent yes
Dundee: Bond for fire station, 58 percent yes
Estacada: Bond for fire station, 50 percent no
Illinois Valley: Levy for equipment, 55 percent yes
Junction City: Levy for operations, 60 percent yes
Knappa-Svensen-Burnside: Bond for equipment and improvements, 55 percent no
Lookingglass: New district with tax rate, 77 percent no
Lyons: Bond for equipment, 52 percent no
Marion County 1: Levy for operations, 58 percent yes
Pleasant Hill: Bond for fire station and equipment, 51 percent no
Sheridan: Levy for operations, 62 percent yes
Sublimity: Bond for equipment, 64 percent yes


Banks: Bond for maintenance, 50 percent yes
Canby: Levy for operations, 59 percent no
Central Curry: Levy for operations, 56 percent no
David Douglas: Bond for construction, 65 percent yes
Jefferson County: Bond for construction, 55 percent yes
Klamath Falls: Levy for operations, 57 percent yes
Myrtle Point: Bond for maintenance, 51 percent yes
North Douglas: Bond for upgrades, 67 percent yes
Sweet Home: Levy for pool operations, 51 percent yes


Deschutes County: Levy for proposed 911 district, 52 percent no
Josephine Soil & Water Conservation: Levy for operations. 55 percent no
Umpqua Community College: Bond for construction, 71 percent no
Union County Vector Control: Levy for operations, 76 percent yes
Western Lane Ambulance: Levy for operations, 54 percent yes

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