Some folks (usually the messy ones) claim that a cluttered and discombobulated workspace is a sign of creativity and intelligence. That could be, but a tidy and sleek work area is a pleasure to sit down in when all files and supplies are in order and there's no chance of finding a week-old, half-eaten tuna sandwich under a stack of manila envelopes.
Whether you're a pack rat or a neat freak, it would benefit you to learn the perks of a decluttered workspace. Giving neatness a chance can confirm that you're just as creative and smart while still being able to maintain a neat office. Tidy up and reap the rewards!
No Mess, No Stress
A big mess can lead to major stress. Missing papers, an exploded pen, and the constant shuffling of junk is unnerving and raises stress levels. As per Online Career Tips, "Just looking at a messy, unkempt workspace first thing in the morning can raise your stress levels."
TriNet concurs, "In a disorganized office, it's easy to misplace documents. That can be very stressful, especially when your boss or client is waiting for you to produce said documents." When things are in place and tidy, you'll never worry where your important files and docs are hiding. No one wants a frustrated boss breathing down your neck as you rifle through stacks of disorganized paperwork.
While some declare they "have a system" to explain away their mounds of who knows what, these are the very folks who are often wasting time and resources, and causing unnecessary chaos. While this may seem like an employee's personal choice, it creates a snowball effect when others need to help them out in a bind or start to feel the collective blood pressure rising. Time is money for business. There's enough to stress over at work. Why make your sloppy workspace part of the problem?
A Wealth of Health
Crumbs, dirt, germs, you name it. A messy area is not only unpleasant to look at, but it can actually make you sick. Many of us eat at our desks to save time and money. If the desk is clean, we can see where food has fallen and drinks have dripped and swiftly wipe it clean. Not so for a messy desk. A wayward piece of fried chicken and a glop of Dijon mustard swiftly disappear in a pile of files and scribbled-on Post-Its.
As Online Career Tips puts it, "Your office may have a cleaning service that comes through once a week, but many are not allowed to move items on desks. That could leave many surfaces untouched for weeks." That's going to make for one funky chicken.
"Your desk could be harboring germs or mold from viruses or crumbs. Make a point of cleaning your desk and computer keyboard with the proper cleaners on a regular basis for the sake of your health," notes Online Career Tips. If your desk's a mess, it's simply too difficult to really get in there and clean properly. Papers may cover up the grime, but bacteria will grow and you can get sick.
Do you really want to miss days of work and potential money because your desk was too sloppy to wipe down and you contracted a cold or virus? It's lazy and some may say crazy!
A clear workspace can help promote a clear mind. Unclutterer says it best, "When you know where things are, what your goals are, and take care of the piddley busy work as it appears, you've got significantly more time and energy for the big goals in life."
Professional organizer, Seana Turner told Monster, "Knowing where things are keeps you on top of your game. People who pile paperwork often obscure items underneath the stacks, resulting in wasted time trying to find what they are looking for. Filing things where they belong creates less surface clutter — and ensures you know where they're at when you need them."
Plus, it's hard to prioritize when everything's in a jumble. You may even forget to do something because it went missing amidst the clutter. And when you do finally remember, will you be able to find the needed paperwork to get to work?
Along with personal efficiency, a clear area is beneficial to the company at large. As per TriNet, "Your office is a reflection of you and your company. And first impressions count. What do your clients, vendors, colleagues, prospective employees and other visitors see? A dirty break room, cluttered desk or messy reception area does not inspire confidence in your professionalism or ability to manage the finer details." If that's not reason enough to tidy up, what is?
It's time to declutter and re-focus. Your time will be more productive and you'll have more room to make a difference personally and for your business. Why be a mess when you can be a success?
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When you take out a loan for a car, charge something to your credit card, or get a personal line of credit, there is going to be an interest rate that applies to your loan.
A lot of different factors go into what you will be charged, including your own personal credit score. But even those with flawless credit still see a minimum charge that they can't get around. That all goes back to the Federal Funds Rate.
One thing consumers rarely realize is that all of our banks are lending money to each other every night. Banks are legally required to maintain a certain percentage of their deposits in non-interest-bearing accounts at the Federal Reserve to ensure they have enough money to cover any withdrawals that may unexpectedly come up. However, deposits can fluctuate and it's very common for some banks to exceed the requirement on certain days while some fall short. In cases like this, banks actually lend each other money to ensure they meet the minimum balance. It's a bit hard to imagine these multibillion-dollar financial institutions needing to borrow money to tide them over for a bit, but it happens every single night at the Federal Reserve. It's also a nice deal for those with balances above the reserve balance requirement to earn a bit of money with cash that would normally just be sitting there.
The Federal Reserve
The exact interest rate the banks will charge each other is a matter of negotiation between them, but the Federal Open Market Committee (FOMC) (the arm of the Federal Reserve that sets monetary policy) meets eight times a year to set a target rate. They evaluate a multitude of economic indicators including unemployment, inflation, and consumer confidence to decide the best rate to keep the country in business. The weighted average of all interest rates across these interbank loans is the effective federal funds rate.
This rate has a huge impact on the economy overall as well as your personal finances. The federal funds rate is essentially the cheapest money available to a bank and that feeds into all of the other loans they make. Banks will add a slight upcharge to the rate set by the Fed to determine what is the lowest interest that they will announce for their most creditworthy customers, also known as the prime rate. If you have a variable interest rate loan (very common with credit cards and some student loans), it's likely that the interest rate you pay is a set percentage on top of that prime rate that your lender is paying. That's why in times of low interest rates (it was set at 0% during the Great Recession), a lot of borrowers should go for fixed interest rate loans that won't increase. However, if the federal funds rate was relatively high (it went up to 20% in the early 1980's), a variable interest rate loan may be a better decision as you would be charged less interest should the rate drop without the need to refinance.
The federal funds rate also has a major impact on your investment portfolio. The stock market reacts very strongly to any changes in interest rates from the Federal Reserve, as a lower rate makes it cheaper for companies to borrow and reinvest while a higher rate may restrict capital and slow short-term growth. If you have a significant portion of your investments in equities, a small change in the federal funds rate can have a large impact on your net worth.
Whether you're leaving a job involuntarily, departing for something new, or just want to prepare for the unknown, it is smart to understand all your options regarding your 401k.
Frugal gifting often gets a bad reputation. However, this shopping method does not make you cheap — it makes you practical. Frugal gifts often avoid waste and overspending and can be just as meaningful (if not more so) as any other present.
With the National Retail Federation predicting each consumer this holiday season to spend upwards of $1,000 on holiday gifts amidst an economic recession —this year might be the perfect time to reconsider your spending budget. We've formulated the ultimate list of frugal gift-giving ideas to get you started.