How does Money Fly???

I have observed lot of times people fretting about money vanishing without notice…. Even the It folks do not fall back as an exception… While people consider IT Folks blessed with fat pay cheques…Does this not sound strange???

It is a well known fact that people who do not know how to manage money fall a prey to the order of impulsive buying and give up the need to control and audit the cash flow….

Now why does this become Important….? If you are not aware of the Principles of Cash Management, I am afraid that you might have to pay a high penalty in due course… and lose your valuable money

Principles of Cash Management: Do I need to get a Degree/Enroll for a specific course?

Fortunately, the Solution to this is basic numerical knowledge which we all learnt in school

How do we do that?

Simple…. Income Vs Expenses… Looks easy…However the Key is how you categorize your Expenses?
Maintaining an Expense Sheet on Monthly basis helps you to identify your Spend Thrift Areas/ Regular Dues and Impulsive shopping... ( Use a Digital Diary/small notebook to recollect all your expense for the day for different categories)

Some of the handy tips to keep your Cash Flow and Expenses prudent …

1. Discourage the usage of Credit Cards. It is better to use Debit Cards, so that you see the Money reduced immediately from the Cash Reserves
2. Planning to Go for Shopping – Go with a predefined list and stick on to it…(This will be difficult initially but will help you in the long run)
3. Make Investment – Periodically in different Instruments ( Mutual Fund/Banks/Housing) based on your Risk Capacity
4. Today, you have A/C in 3-4 banks. Make sure your spending goes from one dedicated A/C. This will help you to track and consolidate monthly
5. Allocate a Budget every month and stick on to it… ( Your Expense Graph will indicate your Stop Spending Areas)
6. While Purchasing Groceries/Food Material/Fruits ask on the Cost and Seek the best shop that gives your goods with nominal rates and good quality ( Super Markets)
7. Even When you use Food Coupons be cautious in spending ( After all they also come from your money)
8. Maintaining Orderliness in Home/Offices: Most of the time, we do not have time to search for items and we invariably land up in adding duplicates.
9. Reusability should be aimed at in all possible areas. ( Water/Paper/Clothes)
10. Read Magazines like Money Control/Naanayam (Tamil) which have wealth of tips to improve your financial Style…

I have been able to Track /Monitor by Spending since I started my career and it has given me some valuable insights to the idea of Financial Management… Wanted to share some of them….

If you are more interested, I will be happy to share some of simple tools/templates that can aid you Manage your Expenses brilliantly!! Do pass on your comments and Suggestions as always

Regards
Gps

E- Mail - Think Before You Send

E-mail is an amazingly helpful tool but it is also a largely impersonal one. Working in isolation on your notebook without face-to-face contact can lead to a wide range of miscommunications.

In fact, how we communicate often depends on whether we physically interact or do our 'talking' through e-mail. People often 'say' things through e-mail that they would never say to someone's face.

This is particularly obvious to anyone who has ever been 'flamed' (that is, having received an angry,embarrassing, or offensive e-mail).

Without any facial expressions, voice intonations or any other cues, it is easy to misread an e-mail. Was it intended as straightforward, ironic or humorous? Even a sentence such as 'you did great work today' can take on a thousand different meanings depending on who wrote it, and how you feel at the time.

For the writer, who may rarely if ever see the intended recipient, there is no social blocker in place to mediate their behaviour. Whether angry, upset or simply uncaring, there is nothing in place to stop them from fully expressing themselves.

Even if they had no overt intention to cause offence, what they may assume is innocent, even funny, can come across as rude, patronising and insulting.

There are however a few quick tips that can keep you cool under pressure, whether you feel the need to flame someone or whether you've just been flamed yourself.

Before you send

1. Always think twice

Okay, you're angry or upset. Write your e-mail. Save it. Read it. Go have a coffee. Read it again. Then ask yourself the big question – is it really worth sending? Chances are it isn't.

2. Keep it clean

Remember that everyone will interpret things differently. Jokes, pictures and lewd comments can truly offend.

3. Empathise with the reader

Think of the things you don't like to receive in an e-mail. For example, are people always shouting IMPORTANT things in upper case, using hundreds of abbreviations and emoticons, sending large attachments? If you don't like receiving certain things, why send them to others?

4. Check the 'send to' list before you send

Believe it or not, everyone doesn't want to read your e-mail and you just might be sending your scathing thoughts about someone to everyone.

5. Be polite

Whether at your desk or texting a message from your phone, saying 'hello' and 'thanks' can make a huge difference.

6. Resist temptation

Yes, something was said. Yes, maybe you were criticised. Perhaps you were CC'd on an exchange between a colleague and your boss. How you respond next will say everything about you. Remember, once something is said, it can never be taken back.

7. See Point 1. :-)

Hope this adds value...

Cheers!!
Suresh

Ten Tips to Improve Human Relationships

The following article describes ten salient points that could harness and improve human relationships

1. Putting Yourself into others shoe

Most of the time we get agitated and annoyed when people react in an unprofessional /abrupt manner. At this juncture, if we could pause for a while and put ourselves in their shoes, we would be able to understand the other person’s criticality and invariably be prepared to forgive him and take forward.

2. Reducing Expectancy

We always get disappointed when people deliver much less than what we expected. It is these unrealistic expectations that could create a fissure in our relationships. So reduce the level of expectancy when it comes with people and this would ease the strain of the relationship.

3. Speak Positive about others

We often overlook this statement. The key to astounding relationships is to speak out the best about people with whom you work/related with.
More precisely it pays huge dividends when you appreciate people in public. This has a magical effect to improve Human Relationships.

4. Contribution during Problems

It would make sense to take a minute to introspect on how we were responsible for the problem. Taking personal ownership during problems, can take us a long way to ensure that people find comfortable to work/interact with us.

5. Smile
Smile Costs nothing but creates much. A warm and gentle smile when meeting people can make them their day. Even when we have nothing to say to someone, a simple smile can reinforce healthy ties and warm relationship.

6. Going Extra Mile

If we could move out from our current scope of work to help someone who is in need, it could create a binding force of cherishable relationship. The receiver has an automatic sense of gratitude and respect to such rare people of altruist class.

7. Empathizing and Compassion:

The world today is in need of people who would share compassion with the fraternity and empathize strongly during turbulent times. These qualities can make an individual who is in distress to come back to normalcy after the vent out.

8. Think twice before you speak:

Words spoken out from one’s mouth cannot be taken back. So it becomes increasingly important to think twice before speaking out. The Relationship could be at stake if the choice of words is handled inappropriately. This clause holds good mostly when one loses balance due to some other’s vehement reaction.

9. People are the Best Assets:

People are the best assets and each and everyone should try their level best to keep this in their mind to ensure that they take adequate, measures to sustain a relationship. Believe me it is easy to lose a relationship rather than fostering one. The power of relationship is often understood only during their absence. So do not miss and pay a heavy penalty.

10. Do not involve in Back Biting and Fault Finding

There is a popular saying that “If you want to make a friend your enemy, just tell him ‘He is wrong’ “No one would be generous enough to admit faults when his/her ego gets hurt. Also the habit of back biting can have a lethal effect in a sustaining relationship.


The above mentioned 10 tips when practiced with due diligence and commitment can win some wonderful and astounding relationships in work and personal life.

Happy Relationships ahead!!!

FYI : The Post is also available at the Selfgrowth Website:

http://www.selfgrowth.com/articles/SureshGP1.html


Cheers!!
Suresh Gp