business trip, business advice, business traveling

Travelling for business can be a great perk offered by employers.  It gives employees the chance to get out of the office, make new connections in the company and go to places they may otherwise never have the opportunity to visit.

I know some people – especially those who travel a lot – feel that business travelling is more work than being in the office and in some cases that’s true.  The key to enjoying business travel is to add in a little time for personal stuff.  Even though the main purpose of your trip is business there’s no reason you can’t add in a little pleasure too.

Here are three ways to make the most of your next business trip:

Add in an extra day

Arriving a day early or staying a day later is a great way to gear up before or decompress after a business trip.  While you’re working you probably don’t have a lot of time to explore the city.  Giving yourself an extra day to spend time sight-seeing and exploring a new neighborhood can give your business trip a personal touch.

It’s always a good idea to check with your company travel policy to ensure you can add the extra day, but in all honesty it may be necessary.  If your meeting/presentation is early in the morning you may have no choice but to travel the day before, so book an earlier flight and take the day to enjoy your new temporary surroundings.

Bring your spouse

Having your spouse by your side during all or a part of your business trip can feel like home away from home.  Travelling for business can definietly be stressful because you have to be on your game much more than just 9 to 5.  However relaxing with your spouse at night or spending an evening on the town can make the trip more fun.  Downtime in airports during connections and layovers can also be extremely boring, having your spouse by your side can make time go by a lot faster.

Do something out of the ordinary

I admit that I have a routine when I travel for business.  I like to get takeout food and eat it in bed in my pyjamas, something I never do at home.  However after spending a lot of time away from home in hotel rooms I quickly started getting bored.  I told myself that from now on every single trip I take I will do something that I never do – outside of the hotel room.

When the facilities are available I make a point to sit in the sauna for 30 minutes.  Steam rooms are good for the skin, clear the pores and it’s extremely relaxing.  These are all things I need when I’m on the road travelling for business.  It’s free, it doesn’t cost my company (or me) any extra money and it gets me out of the hotel room.

What’s your favorite thing to do when travelling for business?

life insurance tips, buying life insurance, insurance advice

Some people think that buying life insurance is only for old people and those who are sick or nearing retirement.  When in fact the complete opposite is true.  Life Insurance proceeds can benefit people of all ages and in fact maybe more so the younger generations because they haven’t had the time to build up their wealth.

There are several different types of life insurance products available such as term life insurance and universal life insurance.  The type of a product that you need is specific to your needs and financial ability to pay the premiums, however it’s definitely a financial product that everyone needs just like saving for retirement.

Here are four good reasons why you need life insurance:

You need to pay taxes

When someone passes away they need to file a final tax return and if there is an outstanding estate in most cases there may also be ongoing taxes.  Life insurance isn’t just a tool to help protect your family members and spouse if something happens to you.  It’s actually a helpful financial tool that can lower the financial burden for your family during their time of grief.

Final arrangements have to be made
I know it seems to weird to think about this while you’re in your 20s, but just for a second think about what would happen if you passed away.  Who would take care of the final arrangements?  According to the average funeral costs between $7,000 and $10,000.  Now ask yourself if your spouse or your family members have that kind of cash laying around.  The answer for most of us is probably no.

You have outstanding debt

In your 20s your life is just starting out and that means you may have debt in the form of personal loans,  student loans and credit cards.  If something happens to you the debt is not automatically forgiven.  It’s quite a burden to ask your family members to pay off any outstanding debts that may be owed.  So the next time you apply for a loan or a credit card and your personal banker asks if you want credit protection in the form of life insurance think twice before you say no.
Think about your mortgage

As a financial planner my job is to make sure that clients have the savings and protection they need to be financially stable.  When I approve a mortgage application I always offer life insurance to clients so that their family and their home are protected in case of an untimely event. Sadly more often than not clients do not take insurance on their most valuable asset because they feel that they can’t afford the extra cost. I say sadly because that statement couldn’t be farther from the truth.

If you and your spouse were approved together with your joint incomes for a mortgage loan ask yourself if your spouse would be able to afford the mortgage on their own.  The answer is probably no.  Life insurance can help cover the cost of the outstanding mortgage balance if one of you should pass away.

It’s always better to protect your loved ones from any further burden, that’s why life insurance is a good idea even if you’re young.

men and women, venus and mars, money advice, money tips

Do you notice a difference between men and women and money?  I know I do.  I think men and women are very different when it comes to almost every aspect of money from saving to spending and investing to splurging.  The question is, how can we live happily ever after if our money habits are so different?

Different management styles

It’s very possible that you and your spouse have similar views on money, but manage your cash very differently.  Allow me to explain.  Maybe you both agree that saving for retirement should be a priority, but your spouse is a high risk investor whereas you are risk adverse.

Maybe you and your sweetheart both agree that it’s O.K. to splurge every now and then but you want to spend the money on travelling and your spouse wants to go to a concert.  That right there is the difference between men and women when it comes to money.

Set priorities together

Problems arise in a relationship, not because a couple manages their money differently as individuals but when they let the differences affect the marriage.  I always say that it doesn’t matter how you make your cash because money can all be spent in the same places.  This is especially true for relationship goals.

If you set financial priorities together it doesn’t matter how you achieve your goal, as long as you do it together.  If you see your spouse come home with something that wasn’t planned don’t be upset they spent the money, but check in on your goals to make sure you’re still on the same track.  Who knows, maybe they had some extra cash that month and decided to buy a little treat.  Spending on them self doesn’t always equal neglecting joint goals.

How to overcome conflict

My best advice as a girlfriend and as a financial planner on how to overcome money conflicts in a relationship is to communicate.  So many arguments in life and in relationships arise due to lack of communication.  If you plan on spending money or want to add a new goal to your list of priorities just talk about it with your spouse.  It may be awkward and uncomfortable, but it doesn’t have to be.

Keep in mind that money only becomes a problem in our relationships if we let it.  When we do see stress start to arise in a couple it’s best to talk about it as soon as possible because otherwise a small financial issue can snowball into a big financial problem.

Sometimes goals – both personal, joint and financial – need to be adjusted.  Just think about your goals this year and ask yourself, have they been adjusted?  Are you on track?  The answer may be yes.  So now ask yourself this, if you can adjust your personal goals why can’t you adjust your joint couples goals?

A part of being a couple is learning to compromise so talk about it and don’t let money be a problem in your relationship.


4 Investment Options for Your Money

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If you have a lump sum of cash to invest you may be searching the web and visiting your bank’s website to find the best investment option for your money.  Investing is so personal that there isn’t a one size fits all answer to “How should I invest my money?” However there is an answer […]

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The Pros and Cons of Buying Bonds 

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How to Plan to go Back to School as an Adult

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Buying a New Model vs. Older Home

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If you’re in the market for a new home you may be deciding whether to buy a new construction versus a pre-owned home.  Both options have pros and cons and the correct answer really depends on the type of home you’re looking for as well as your budget. US News says “this is a question […]

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The Pros and Cons of Buying Stocks 

September 25, 2015

If you’re a novice investor or a rookie thinking of opening your first account you may be comparing investment options.  There are a lot of choices when it comes to where you can place your money such as mutual funds, bonds, real estate and stocks.  Each investment option has their own pros and cons depending […]

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