Money making November moves

first_img 21SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr,Myriam DiGiovanni After writing for Credit Union Times and The Financial Brand, Myriam DiGiovanni covers financial literacy for FinancialFeed. She is also a storytelling expert and works with credit unions to help … Web: Details As you are juggle finding just the right gifts and planning the perfect holiday get together, there is one more item that should be on your to-do list…your finances.According to, this is the best month to take inventory of your finances and make moves to ensure you are financially stronger heading into 2019.Here are just a few things to check off your list before year-end.Do a budget check: Take a few minutes to see where you stand. Did you meet your goals? If you fell short somewhere, what happened? Is it time for a different strategy or more relevant goals to meet future needs? Let’s face it, life can often get in the way of the best laid plans. Now is the time to evaluate where you are now and what your needs are moving forward. Making adjustments is not a sign of “failing” or that “budgeting doesn’t work”. Making a course correction is just a normal part of life. We adapt and move forward.Check your benefits:  Review your 401(k), flexible spending accounts, health savings accounts etc. Flexible spending accounts are “use it or lose it”. Make sure the money you’ve already paid for health care coverage, is not being left on the table. That’s your money. Find out deadlines, file those receipts and get reimbursed. If you have extra money to put toward retirement and haven’t reached the maximum 401(k) contribution of  $18,500 for the year, the deadline to do so is Dec. 31. If your employer offers a company match, that’s free money. Don’t forget about your HSAs. A family can contribute up to $6,900 and an individual can contribute up to $3,450 for 2018. Unlike FSAs, unused HSA funds rollover and can be used at anytime for eligible medical expenses. Maximize it while you can.Schedule those medical appointments: According to Consumer Reports, November is the slowest month for doctors. It’s a good time to get those check-ups and procedures you’ve been putting off. Another bonus is that this late in the year, if you haven’t already met your deductible, you are likely close to doing so. Time it right and that can be a savings of at least a few hundred dollars.Give to those less fortunate: It’s not only the perfect season to spread good cheer, but that charitable donation could double as a tax deduction. Don’t forget to save your receipts.Get a jump on tax season: Take a few moments to gather all relevant receipts for tax time and store in one place. Hopefully you’ve been doing this all along but if not, don’t worry there’s still time. Thinking about the year and starting now will ensure nothing slips through the cracks.last_img read more

100 years down, how many more to go?

first_imgONE HUNDRED YEARS. Despite the many hardships we have experienced this year, 2020 marks one critically important milestone worth celebrating. On this day, 100 years ago, the 19th amendment to the US Constitution was ratified, granting women across the nation the right to vote.* What a milestone in our history – a century of women voters – and yet it’s hard to believe that it has only been 100 years.As thrilling as the century mark is, I can’t stop thinking of my great-grandmother – a woman I knew personally – who was born without this right. I can’t stop thinking of the millions of women throughout history whose voices went largely unheard. Perhaps most importantly, I can’t stop thinking that though as of today, women been have constitutionally allowed to vote for 100 years, the journey to true equality may take another 100 years – or more.Another 100 Years?That’s right, the World Economic Forum reported this year that at our current rate, it would take 99.5 years to close the overall global gender gap, with some projections as high as 257 years. (Their definition of gender gap includes gender-based differences in various dimensions such as economic opportunity, education, health, and political empowerment.) If you’re reading this article, you won’t see gender parity during your lifetime. Your children or grandchildren, on the other hand, might – if we take action now.On average, women earn 82 cents on every dollar a man earns. “Equal pay day,” representing how far into 2020 women must work to earn what men did in 2019, was on March 31 this year. Unfortunately – and you may have known this was coming – the outlook is even worse for women of color. In fact, equal pay day for black women happened just last week on August 13. Latina equal pay day won’t happen until the end of October.Pay is just one piece of the puzzle. Earlier this year, I wrote an article about the distribution of office housework (more often given to women) and glamour projects (more often given to men). Plus, early reports indicate that we may be heading backward in gender parity due to COVID-19’s disproportionate impacts on women. Global consulting firm McKinsey calculated that women’s jobs are almost two times more vulnerable to the crisis than men’s jobs. With more child care and sick care duties falling on women, the problem is especially exacerbated for caregivers and those in non-traditional jobs.Hidden BiasFew of us bat an eyelash when faced with all-male executive teams, boards of directors, conference keynoters, and lately, webinar speakers and panelists. We’re conditioned to accept that all-male groups are normal – after all, they have been just that for so long. Supreme Court Justice Ruth Bader Ginsburg made headlines when she remarked that she won’t be satisfied until there is an all-female Supreme Court. Like she says, no one was fazed when there were nine men on the bench.Our conditioned blindness to gender disparity is not something we’re stuck with, though. Harvard offers an implicit bias test designed to help identify if one may in fact have a few blind spots regarding women in the workplace. (They also offer tests to uncover hidden bias in race, age, disability, sexual orientation, and more.) Knowing we have a bias is the first step in overcoming it.To borrow RBG’s argument: will we see credit unions with all-female leadership teams? Boards of directors? All of the largest credit unions and system organizations with female CEOs? And if we do see that – I wonder how much longer until we perceive it not as an anomaly, but as “normal.”Where Do We Start?The research about gender parity (despite 100 years of voting) is pretty clear. The problem may be enormous, but the starting point today doesn’t have to be.Turn on the GPS: Figure out where you are. Take stock of your organization. Do you have a pay gap? Are your hiring practices fair? Do you assign projects and promotions equitably? Do you support working parents (especially during the pandemic)? Be sure to use data, not anecdotes. Figuring out where you’re starting from is an important first step in growing. It may be humbling and challenging to admit that an organization isn’t perfect, but adopting transparency and implementing change is critical.Plug in the destination: Identify the vision. Your organization is unique in its challenges and strengths. Work with your team to identify the vision and end goal for you. What does the right change look like? Diverse women making up at least half of all levels of the organization? Women who are paid equally or more than their male colleagues? Transparent and supportive advancement opportunity and hiring practices for women, and especially those of color? Events where all of the speakers are women? All of the above? Most importantly, INVITE THE WOMEN into these discussions and make sure they have a microphone and a safe audience.Look at the turn-by-turn: Chart your course. Now that you have a clear vision of the end goal, it’s time to set goals (SMART ones) along the way so you know you’re headed in the right direction. Make sure there is open and ongoing communication, so everyone knows what the GPS says and how their actions impact your course. Hold your team accountable to meeting and exceeding those milestones along the way.One other thing on my mind: I often hear from men that they feel left out of discussions about gender equality. If you’re a man reading this – great! It’s true that listening to understand first is really important. But as you do that, every man also has a compelling opportunity to use his platform to speak up and advocate on behalf of the women around him. You are well-positioned as sponsors and advocates, and you can effect real change.CheersAs much as I would wish it, the work we put in today probably won’t pay off overnight. Lasting change on this front requires instead consistent and collaborative effort time and time again: today, tomorrow, next month, next year, a decade, and yes maybe even a century from now. We may not always see instant results. Our work may not always feel effective or fast enough for our liking; I know it doesn’t seem fast enough to me. In those moments, we can find a bit of hope in history. In fact, the 19th amendment was first introduced to Congress in 1878. Though it was ratified in 1920, it took more than 40 years to get there. Just like the fierce women and men who preceded us, the work we invest now will pay dividends not only for us today, but for every generation that follows us.Today, I raise a glass (and I hope you’ll join me!) to the many intelligent, strong, talented, confident, passionate, and fierce women who came before us and who are even now working tirelessly to close the gap. Women have so many gifts to give, and the great news is that collectively lifting up women everywhere elevates our industry and entire society.**As we celebrate today the 19th amendment’s 100th birthday, join me in committing to close the gender gap this century. Author’s Notes:*The ratification of the 19th amendment is an important milestone, as it prohibited denying the right to vote on account of sex. However, it’s critical to note that the right to vote for all American women was still not guaranteed with the constitutional amendment. Countless women (most especially women of color) were/are still disenfranchised well after it passed. **Research shows companies led by women often outperform their peers and are better for employees. 11SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr,Lauren Culp Lauren Culp is the Publisher & CEO at leads the growing team at CUInsight, works with organizations serving credit unions to maximize their brand and exposure, connects … Web: Detailslast_img read more

Rupiah inches closer to Rp 17,000 per US dollar as COVID-19 fears grow

first_imgTopics : Futures firm RFX Garuda Berjangka director Ibrahim said COVID-19 had crippled the global economy, which prompted investors to dump emerging market currencies, adding that the only solution would be the discovery of a vaccine.  “Investors consider the coronavirus to be the third world war, which could cause the rupiah to surpass 17,000 per dollar,” Ibrahim told reporters. “They are panicked as governments implement stricter measures, which have disrupted businesses and pushed consumers to stay home.”The rupiah tumbled 3.85 percent against the dollar to trade at 16,575 at Monday’s close. It reached Rp 16,625 during the day, the lowest level since the 1998 crisis, as the currency weakened almost 20 percent against the greenback this year.Meanwhile, the benchmark stock index, the Jakarta Composite Index (JCI), has lost a third of its value this year. The rupiah fluctuated at around 16,500 per US dollar on Tuesday despite a slight gain after falling sharply to near the 17,000-mark the previous day.The rupiah inched closer to Rp 17,000 against the dollar on Monday, the weakest since the 1998 crisis, as analysts believe it will further weaken amid the COVID-19 pandemic, despite strong economic fundamentals.According to Bloomberg’s latest currency data, the rupiah gained slightly to 16,495 per dollar on the spot market on Tuesday but analysts believe it will take time for the currency to return to the level of between 13,800 and 14,000 per dollar recorded in February.center_img The benchmark JCI, the main gauge at the Indonesia Stock Exchange (IDX), fell another 1 percent on Tuesday to 3,951 after losing 5 percent on Monday, the lowest level since June 2012. The benchmark index has lost 36 percent of its value since the beginning of the year.Ibrahim said the flagging rupiah was caused by the late response of the government in handling the outbreak, urging central government and regional administrations to work together to contain the outbreak and roll out further stimulus for the healthcare sector.Separately, Bank Permata chief economist Josua Pardede said that while currencies in emerging markets, including the rupiah, had weakened against the dollar, economic fundamentals were much better compared to the 1998 crisis.“Even though the rupiah almost reached the 1998 crisis level, the current depreciation rate of 19 percent year-to-date is much lower compared to the depreciation rate of 600 percent during the 1998 the crisis,” Josua told The Jakarta Post. “This means that Indonesia’s economic fundamentals are much stronger compared to the situation in 1998.”There were several reasons why economic fundamentals remained strong, Josua went on to say, including better management of corporate debts and better credit ratings compared to 1998.“The central bank’s decision to oblige companies to transact in safe-haven assets in mitigating risks from foreign exchange has resulted in better management of external corporate debts, as shown in lower growth of short-term debt,” Josua said.From the credit rating perspective, meanwhile, Indonesia had junk bond status in 1998, as the government borrowed money with high premiums, Josua said.“Indonesia’s credit rating is considered worth to invest in by all credit rating agencies worldwide right now. This further shows that they have confidence in Indonesia’s economic performance.”With the rupiah sliding over the last few weeks, Bank Indonesia (BI) has injected Rp 300 trillion (US$18 billion) into the market through the purchase of sovereign bonds, supply of dollars in the spot market and intervention in domestic non-deliverables forward.“The country’s foreign exchange reserves are adequate to meet dollar liquidity,” said BI Governor Perry Warjiyo on Friday. Indonesia’s central bank has begun holding daily repurchase and foreign exchange swap auctions to bolster liquidity.It also cut the benchmark interest rate to 4.5 percent on Thursday following the central bank’s board of governors meeting.last_img read more

Would you trade your Gold Coast home for one in the Whitsundays?

first_imgThe Burleigh Heads home was built on a narrow block.Architect Paul Uhlmann designed the three-level home.The timber property has ocean views from every level, and a special feature on each deck including a firepit, outdoor tub and pool. Each deck has a special feature.Ed Cherry of Sophie Carter Exclusive Properties is marketing the property through an expressions of interest campaign and said there was an offer on the table for Ms Naumoski to swap her Gold Coast residence for a Whitsundays property. The residence is designed to look like it’s floating out of the cliff.“I saw the block 18 months ago when I was hunting for a place to build my dream home,” the mother-of-two told the Gold Coast Bulletin when she showcased the property in August.More from news02:37Purchasers snap up every residence in the $40 million Siarn Palm Beach North1 hour ago02:37International architect Desmond Brooks selling luxury beach villa21 hours agoThe narrow block was previously home to a blue fibro shack; it took eight months for Gold Coast builder Nick McDonald’s team to construct the palatial stilt structure in its place. 45 Hill Ave, Burleigh Heads is on the market.THE owner of the Gold Coast’s first ‘floating house’ has knocked back an offer to swap her Burleigh Heads property for one in the Whitsundays.Cleverly designed to seemingly float out of the cliff, the “dream” property at 45 Hill Ave was built for Rosetta Naumoski, who bought the 405sq m block for $879,000.center_img Homeowner Rose Naumoski at her spectacular Burleigh Heads home with builder Nick McDonald. Picture Glenn Hampson Would you swap a home on the Gold Coast for one here?“There were two offers presented, the other was for a normal sale from a yacht broker from Monaco,” Mr Cherry said.“But the property is definitely back on the market.”last_img read more

Soles, Leafs blank Rebels 3-0

first_imgIt was “return the favour time” for the Nelson Leafs.After being shutout in the last meeting between the two teams, Leaf netminder Brett Soles picked up his mates with a 21-save performance to lead Nelson to a 3-0 victory over rival Castlegar Rebels in Kootenay International Junior Hockey League action Friday night at the NDCC Arena.The two teams play the back half of the home-and-home series Saturday in Castlegar.Game time is 7:30 p.m. in the Castlegar Complex.There is much difference between the two teams this season.The teams are tied at 1-1-1 in three games this season while Nelson has outscored the Rebels 8-6 in the set. Friday, Castlegar held a 14-13 advantage in shots after two periods before Colton McCarthy and Matthew Naka scored less than two minutes apart in the third to give Soles all the offence he would need.The goal by McCarthy, his tenth of the season to lead the Leafs, came on the power play.The former Kootenay Ice of the B.C. Major Midget League stacked the pads the rest of the contest to give Nelson its first win of the season against its Murdoch rivals and move the Leafs into a second-place tie in the division.Soles earned the game’s first star for his 21-save, rock-solid, performance.Connor Beauchamp, who also had a strong game between the pipes, took the loss for Castlegar.Jacob Boyczuk, a force on the body all game long, added an empty net marker to secure the win.Castlegar lost team leader Erik Alden in the first period when the Rebel defenceman took exception to a hit by Leaf rearguard Kevin Bow, squaring off with the Nelson player late in the first period.GAME NOTES: Nelson welcomed back defenceman Blake Arcuri to the roster after the local product missed the first nine games of the season. . . .The return of Arcuri was good news for a Nelson team missing a few defenceman due to injury. Once again forward Linden Horswill was moved back to the bluelines to help the cause. Both Leaf defencmen, Cole Arcuri and Cam Weir, missed the game due to injury.last_img read more