The New Job Market: Temporary Jobs and Freelancers

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One of the challenges facing many job-seekers is the fact that the job market has changed quite a bit in recent years.

The recession that accompanied the recent financial crisis led to a rise in temporary jobs and freelancing jobs.

However, these are no longer jobs that people do to “get by” until they find something a little more permanent.  Indications are that these are becoming the permanent jobs.

Temporary Jobs and Freelancing are the New Job Market

Staffing Jobs on the Rise

The American Staffing Association releases data from a quarterly survey about trends in the workplace.  For the third quarter of 2012, there was a year over year increase of 4.3% in staffing jobs.  The latest data represent the 11th consecutive quarter that staffing jobs have grown since 2009 and the technical end of the recession.

Temporary positions are on the rise, in part, because freelancers, temps, and adjuncts cost a lot less than full-time regular workers.
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Where’s My Tax Refund? How to Check the Status of Your Tax Refund

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When you are expecting a tax refund, it is normal to file a little bit early.

The very next thing you say once you file is “where’s my refund?”  We can’t wait to get that money owed to us.

Indeed, many people have already received their tax refunds.

When you get refunded depends on two main factors:

  1. How you filed (mail or e-file)
  2. How you receive your refund (paper check or direct deposit)

If you mail in your tax return, and opt to receive your refund in the form of a check from the United States Treasury, it can take as long as two months or more to see your tax rebate.

This is the combination that takes the longest.

You can speed things up if you decide to e-file when receiving a paper check, or to get your tax refund via direct deposit if you mail in your return.

However, it still might take as much as a month to get your tax refund.

In order to get your tax refund in the shortest possible time, you should e-file and opt for direct deposit.  You can get your tax refund in as little as seven days when you do this.
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Citi ThankYou Preferred Card – $150 in Gift Cards | Review

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How would you like a credit card that offers rewards as well as a nice 0% introductory APR on purchases and balance transfers?  Add to that a $150 gift card bonus?

Sounds interesting, right?

This is what the Citi ThankYou® Preferred Card is offering.  Join me as we walk through what the card offers…

The Citi ThankYou Preferred Card

Let’s start with a basic overview of the card:

  • Earn 15,000 bonus ThankYou Points after $1000 in card purchases within 3 months of account opening – enough for $150 in gift cards or other great rewards!
  • 0% intro APR on Balance Transfers and Purchases for 12 months.  After that, the variable APR will be 12.99%-22.99% based upon your creditworthiness*
  • Earn 1 ThankYou Point for every $1 you spend on all purchases
  • No expiration and no limit on the points you can earn
  • Redeem ThankYou Points for merchandise, travel rewards, gift cards, cash and more
  • Earn extra points when you shop through the ThankYou® Bonus Center, a network of 600+ retailers you know and love
  • Travel with ease and enjoy global acceptance with Chip Technology
  • No annual fee*

Now let’s dig a little deeper, shall we? Continue Reading

When Does It Make Sense to Automate Your Finances?

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Automating your finances is one way of simplifying your financial life.

When your automate your finances you use your bank, credit card, or service provider’s website to set up automatic transactions on your behalf.  You can automate paying your utility bills, paying your credit card, investing your retirement funds, and many other tasks.

Finance automation is often touted as one of the top ten things you should do to improve your finances.

While having your bills paid on time does help you save time and avoid late fees, completely automating your finances is foolish and nearly impossible to do.

How Automating Your Finances Improves Your Finances

Late fees.  Overdraft fees.  High interest rate penalties.  Missed payments.

All of these items are the result of mismanaging your finances.  Missing one payment can result in your interest rate on your credit card going sky high.  Missing the payment due date on any bill will automatically reward you with a late fee on top of what you already owed.

In short, mismanaged finances end up costing you thousands of dollars with all the fees and higher interest rates you pay.
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Bitcoin Bonanza and Links

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The alternative, virtual, and unregulated currency Bitcoin experienced quite the bonanza over the last few weeks. 

The price skyrocketed to over $200 per coin, then plummeted 50%, then rebounded a bit.  The fledgling new online currency has made millionaires from early adopters but is still struggling to go mainstream.

I honestly don’t know what to think of Bitcoin.

There are only a certain number of coins that can ever exist, you have to run complex equations on a computer to “mine” a coin (or purchase them from an exchange), and the coins are stored on your computer.  However, real people are using them for real transactions instead of US dollars.

As great as it would be to buy a bunch of coins at $3 per coin in the early stages and watch it skyrocket to $200… I can’t imagine a sustainable currency fluctuating that much.  Merchants can accept Bitcoins for payment, but how can you calculate how many coins to charge if the price is constantly changing?  That $200 transaction for one coin just became a $120 transaction when the price plummets.

Instead of worrying about alternative currencies to get rich, here are some more traditional methods:

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When is Bankruptcy a Good Option?

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1,376,006.

That’s the number of bankruptcy filings in the United States (according to US Courts) for the 12 month period that ended March 31, 2012 – the most recent 12 month period for which statistics are available.

Obviously, if you are filing for bankruptcy you have plenty of company.

But when is bankruptcy a good option?

Bankruptcy has become so common, that is no longer carries the stigma it once did.  In there are folks out there that think ‘YOLO, I’ll just declare bankruptcy if it gets bad.’   That doesn’t mean you should file for bankruptcy or that it doesn’t come with risks.

The Cost of Bankruptcy

When I talk about the cost of bankruptcy, I’m not talking about attorney fees or court filing fees – what I’m referring to is the effect it will have upon your life.

That will be much more expensive than a couple thousand dollars you will pay for the bankruptcy procedure itself.

Before filing for bankruptcy, consider the impact it will have on your life… Continue Reading

Can We Break This Spending Cycle? Do We Want To?

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Amy Dacyczyn, author of the wildly popular 1990s The Tightwad Gazette, wrote a post one time about the television show Roseanne.

She noted that Dan and Roseanne are always struggling financially.

One time, they get an unexpected bonus of $50, and each Dan and Roseanne spend the money on things for themselves without discussing their purchases with one another.  Now, instead of having an extra $50, they are $50 in the hole.

Dacyczyn noted that every time Dan or Roseanne got extra money or worked overtime, they developed a “Yipee!-We-can-spend” attitude.  Yet, when money is tight, they scrimp and save and “feel poor” because they can’t spend.

Is America a Nation of Dan and Roseanne Connors?

The last several years have been rough ones financially for American citizens.

Many people lost their houses, and even if they were able to keep up with payments, they may have found themselves underwater.  People lost their jobs, and even if they were able to stay employed, they may not have seen a raise for years while health care and other costs escalated.

Yet, there are signs that the economy is improving.
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How to Use the Internet to Find Your Next Job

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Whether you are unemployed, or whether you just want to take your career in a new direction, one of the best tools you have at your disposal is the Internet.

You no longer need to rely only on Classifieds in the newspaper and a trip to your state’s employment services office.  And your entire fate no longer rests on your resume (although a resume is still important).

Thanks to the magic of the Internet, you can find your next job online — even if you plan to work in the offline world.

Using the Internet to Find a Job

Update Your Online Persona

First of all, potential employers are probably going to Google you if they are even remotely interested.  Public items that you have shared on social media are going to be “out there.”  A glimpse of some of your images on Facebook or Flickr is possible.  Tweets are searchable (even the Library of Congress is cataloging tweets).  And if you have a blog, what you write is out there for all to see.
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What is the Earned Income Tax Credit?

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Filing taxes can either be very simple or overly complex.

There are so many exclusions, credits, loopholes, and deductions to know about that it can be easy to miss out on credits that you qualify for simply because the tax system is so complex.  One of those tax credits worth knowing about, especially if you are in a low income bracket, is the EITC or Earned Income Tax Credit.

What is the Earned Income Tax Credit?

Tax credits are great because they are a direct reduction in the amount of tax that you owe.  Tax deductions are good, too, but they simply reduce your income that will then be taxed.

A tax credit like the EITC is much more valuable.  It’s important to find out if you qualify for the EITC, especially if you know that you don’t have significant investment returns or income for the tax year.

The Earned Income Tax Credit is meant for people who are working and have low to moderate income.  The credit is designed to provide incentive to keep working rather than relying on government subsidies.  Part of the goal of the EITC is to offset social security taxes that you pay as you earn an income.  As with many government tax credits and deductions there is some controversy around the support the Earned Income Tax Credit provides for individuals or couples with children. Continue Reading

Free Online Checking Accounts – Why Pay More Fees Than You Have To

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Isn’t it annoying when you look at the requirements of checking accounts of many traditional/brick and mortar banks?

They say they have free checking but you have to fulfill a maze of requirements: have a direct deposit with them, have a account balance of at least X for the month, stay under X transactions… It’s hard to keep up!

So what options are out there?  Free online checking accounts!

As technology and the internet have grown, companies have stepped up and recreated the wheel, so to speak.  A number of banks have introduced free online checking accounts that are easy to use and full of features.

And because these companies are online and don’t have to manage physical bank locations, they can offer their customers more benefits such as higher interest rates, cash back rewards, and free services like bill pay – all nice bonuses in addition to a free online checking account.

Here are some of the best, innovative, and popular free online checking accounts around (including one that I use):
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