Finance Archive

The Contagious Period of These Office-Related Illnesses

The office is where you work and make a living; when you get sick, you won’t Woman sneezingbe able to pay for bills or live out your passion. The workplace is one of the dirtiest places a person goes to, because of the prevalence of germs and bacteria. If one doesn’t take care of his or her health, or take steps to disinfect their station and the things they touch, they are likely to get an illness while working.

A cleaning service company in Utah cites the following common ailments and their contagious periods for your reference.

The Common Cold

Also known as Rhinovirus, this is the most common illness an employee gets from work. When one colleague goes to work with the illness, he or she will likely spread it to others. They talk into phones, hold the handle of coffee pots or phones and doorknobs, they may transfer their germs and virus onto these surfaces. The characteristics of this include a stuffy nose, sore throat, and bouts of sneezing and coughing. This disease can still spread anytime between one to five days as this is its contagious period.

The Flu

Other than the cold, the illness you must look out for at the office is the flu; colleagues that come in with a fever, head and muscle aches, cough and a runny rose are likely to have it. They can spread the sickness within one to seven days, especially if you don’t disinfect or stay close to them.

Stomach Flu

A person that has this illness has a fever, vomits and experiences diarrhea; once you notice these signs avoid close contact with him or her. Wash your hands frequently and don’t touch your mouth, eyes or nose. This illness may still spread within a one to six day period; during this time, gastroenteritis is still contagious.

These are only a handful of the illnesses you may get at work; sometimes colleagues have to show up even if they’re sick. In such situations, the cleaning company you hire must do their job, and you must also disinfect frequently to prevent germs and bacteria from spreading.




6 Cost-Effective Ways to Improve Your Business

Team brainstorming about business plan and growthA startup business always needs cash to support its operations. This, however, should not hinder you from achieving your goals. You need to find ways to get through the process and succeed in your industry. Marketing experts from Vonazon share some effective ways to improve your business without having to suffer financially:

1. Always Help Your Customers

Your focus should be to help the customers, and as a result, the business will run smoothly. Every time you add value to the lives of your customers, they will reciprocate that gesture by being loyal to your brand. This relationship will provide cash consistently to finance the growth of your business.

2. Open a Credit Line

Banks are always lending money to interested and qualified parties. You should establish a relationship with the bank and open a credit line that will boost your purchasing power. If the current interest rate is low, then you can easily repay the loan.

3. Automate Marketing

This is a cheap and effective solution. You may use a software application to automate different marketing processes within your organization. You will need to automate some repetitive tasks in different departments of your business. These tasks include website optimization, video production, social media marketing, and email marketing. With marketing automation, you will make different tasks easier and effective.

4. Build Strategic Partnerships

If you want your business to excel, you need strategic relationships through which you can outsource some tasks. By outsourcing tasks that are not very competitive, you can ensure that your business remains efficient and offers quality services regardless of its size.

5. Provide Excellent Customer Service

You will need to deal with sales inquiries and after sales support. You can use a variety of tools to improve customer support. Great service will not cost you much, but will greatly enhance the customer experience.

6. Focus on Now

To avoid wasting precious resources, you should focus on proper planning and build your operations around the challenges you are currently facing. You should save money to solve existing problems and prepare for the future. Running a business is more than just selling and providing services. You need to oversee all aspects of the operations to achieve the highest level of customer satisfaction and maximize your profits.

The Best Home Loan for You May Be a 20-Year Mortgage

Mortgage Loan Application with House Shaped KeyringRegarding mortgages, homeowners such as you may be familiar with the common 15-year or 30-year fixed mortgage. Many homebuyers and refinancers usually opt for either one of these two fixed rate mortgages here in Salt Lake City, and even in the rest of the country.

Sometimes, however, a 15-year or a 30-year fixed mortgage may not be the best for you.

15 and 30-Year Mortgage Issues

A 15-year fixed mortgage can have high payments that you may not be capable of paying for with your current financial situation. On the other hand, although the 30-year fixed mortgage has low payments, you may want to pay off your loan earlier than 30 years.

With such issues with both the 15-year and 30-year, what loan can you choose?

Enter the 20-Year

When you are looking to apply for a loan or looking to refinance, a 20-year fixed mortgage may be the best for you. A 20-year offers the best of the 15-year and the best of the 30-year. Of course, you have the shorter period, although not quite short as to shoot your payments through the roof.

A 20-year also offers a lower interest rate than a 30-year.

Lower Interest, More Savings

The average 30-year mortgage rate currently sits at 3.97 percent. With a 20-year, you can squeeze that rate down to 3.75 percent. With a quarter-percentage point lower than the 30-year’s average, a 20-year can grant you considerable savings.

You can do the calculations yourself and see how much you can save.

Shorter Period, More Savings

Now, as mentioned previously, a 20-year can also be a great option for refinancers, refinancers who currently have a 30-year mortgage. Refinancing to a 20-year fixed mortgage not only gives you a chance at a lower rate, but also reduces the amortization period.

Such a move can also contribute to the amount of savings you will gain at the end of a 20-year loan term.

The 20-year fixed mortgage loan remains a rarely used home loan. You can consider your circumstances, however, and a 20-year loan may just be the best loan you can get.

How Divorce Affects Your 401(k)

A Couple Going Through DivorceThe distribution of assets during divorce proceedings go farther than bank account holdings and household income. To reasonably split the finances accrued during the course of your marriage, you also have to deal with the finances you put in your 401(k) accounts. Your divorce attorneys in Denver, Colorado will explain the protocol in your state, but you can thoroughly understand the procedure by knowing how courts split it for couples.

1. Decide Between Marital and Separate Property

When dividing your 401(k) accounts, the first step is to identify the total finances you both put into the account during the marriage. The courts won’t really consider finances deposited before the marriage eligible for sharing to both parties. Generally, assets that either of the spouses owned before the marriage, such as 401(k) funds, are separate property. On the other hand, if both of you contributed to the 401(k) accounts during the marriage, then you will most likely divide the finances.

2. Estimate the Splitting of Shared Assets

The state where you live will conclude how to split your whole assets throughout the divorce proceedings. Most community-property states will divide the 401(k) funds that qualify as marital property evenly among the parties. In equitable distribution states, however, the judge could choose to divide the assets in a different manner for they would rather look at the big picture.

3. Finalize the Division Through a Qualified Domestic Relations Order

Besides acquiring a properly accomplished divorce decree, your lawyer should complete and present a qualified domestic relations order concerning your retirement account. This order will specify that the account should be divided based on the divorce order. As soon as the account administrators and judge approves it, they will place your name on the 401(k) as an additional payee.

With the above process, you will be able to claim the retirement property owed to you during the divorce. Ensure that you take your time in maneuvering the allocated 401(k) plans to protect you financially in the future.

A Borrower’s Primer on Car Title Loans

Car Title LoanDo you own a car and have recently found yourself in a tight spot in terms of finances? If so, then you should still consider yourself fortunate because you can place a lien on a vehicle you own. There are many lending agencies out there offering loans with cars, trucks, ATV, and motorcycles as collateral.

Read on to learn more about how you can use your car title in case of a financial problem.

The Typical Process

Your credit history is typically not considered when applying for a car title loan. Apart from the vehicle title, you have to submit official documents, including valid identification cards, proof or residence, proof of income, and in some cases, vehicle insurance. The amount you need can be yours within a few hours if you willingly surrender the title of the vehicle to the lender. For borrowers applying for short-term title loan from lenders like, creditors usually associate the vehicle title loan with a high interest rate.

You get the vehicle’s title back as soon as you pay the full amount borrowed plus interest. Failure to repay results in loss of the car or truck because the lender has the right to repossess it. Make sure you understand this part of the deal.

Your Vehicle as Collateral

Your car has a specific value and the lender will name this amount after conducting careful inspection of the vehicle. While the title is theirs, you get the money you need and retain use of the vehicle. You have to pay back the loan according to the schedule specified on the contract. It is important that you are completely aware of the time you can get the title back. Some companies may impose a penalty when it comes to this.

These days, you may find yourself in sudden need for fast cash. If there is an emergency in the family and a huge amount of money is required immediately, your vehicle title can serve as collateral. Know your rights and responsibilities before signing on the dotted line and handing over the title to the lender.

Money Management for Businesses: What You’re Doing Wrong

money managementMoney, cash, capital – no matter how you call it, this resource is what keeps your business running. If you don’t manage it right, you’d be in big trouble. Forbes reports that 90% of startups fail – and the last thing you want is to be part of that statistic.

How? It all begins with proper cash flow management. You have to take a second look at the way you run your business and make sure you are not doing any of the following:

Incurring High-Interest Debt

Don’t depend too much on credit cards when running a business. Although these pieces of plastic seem practical, the sky-high interest rates can bite you from behind. Once you have your company up and running, do your best to stabilize the cash flow.

Of course, there are times when borrowing money is inevitable. In such a situation, it helps to look at your options. suggests looking at commercial and SBA loans. Consider credit cards as a last resort to avoid those high interest rates.

Giving in to Impulsive Purchases

At one point, you will have to acquire assets for the business. Nonetheless, you shouldn’t buy new equipment or transfer to prime locations out of impulse. You have to rethink what you’re doing. Before you say yes to a new expense, ask yourself these questions first:

  • What are the benefits of this purchase for the business in the long run?
  • Are the company’s finances stable enough for such an expense?

Remember that when you’re still starting, the most purchase-worthy assets are those that generate positive cash flows. Anything else can wait until your finances are no longer shaky.

Allocating Resources Disproportionately

Think twice before allocating your resources. Although some areas of the business require more capital, you have to avoid allocating too little or too much to all the other aspects of the venture. Make sure that every side of your business has the right amount of resources to function properly.

Failing to Make a Cash Flow Projection

How do you foresee the finances of the company a few months from now? If you have no clear answer to this question, you might want to revisit your cash flow projection. If you don’t have one, it’s time to consult experts about it. Not having any knowledge on possible future expenses makes you vulnerable to other unforeseen circumstances that may ruin your business’s resource allocation.

The financial stability of your business depends on whether or not you’re guilty of these blunders. Review the way you handle your capital to ensure that your company remains afloat and growing.