Photo: Domenico Loia

By Tom Twardzik

Sometimes, the difference between a successful day of work and a frustrating one is a set of efficient, uncomplicated tools. For someone working from home or otherwise away from the office, the primary tool set is often a computer. A standard word processor, a default email client and the desktop sticky notes might be enough to complete your tasks, but a more personalized and powerful desktop will boost your productivity and overhaul your creative process. The Mac apps below highlight the best ways to upgrade your tool set for a more efficient home or remote office.

Basic productivity

What are some of the most basic actions you perform on your computer? Copy-and-paste and resizing and arranging windows. Saving a fraction of a second every time you perform these actions adds up quickly, and several apps will help you do that.

Magnet.

Magnet has been at the top of the paid apps chart for months. This $0.99 utility gives your desktop more than a dozen shortcuts for resizing and arranging the windows on your screen. Whether you're on an 11" laptop or a 27" iMac, Magnet snaps any window into size and position with a number of keyboard shortcuts. It makes decluttering your digital workspace much simpler than decluttering your desk will ever be.

iPaste is another must-have utility that lives in the background and automatically stores your recent clipboard. It saves what you ask it to save and makes it available in a pop-up menu through a keyboard shortcut. And it does it for free. So you can copy three separate sentences of an article and paste them separately instead of flipping back and forth between windows, copying and pasting three times.

It's the little things.

Idea-sketching and planning

There are hundreds of brainstorming, note-taking and to-do list apps available on and off the app store, but there are few standouts who do it all in one. Fed up with Evernote's subscription model but still willing to pay? Try Notability, the Mac version of iPad's ultimate idea space. Type, draw, annotate, record audio, add photos and PDFs—it does everything. For $10 and no subscription, it'll quickly replace all of Evernote's functionalities.

OneNote

Or, for a free alternative, go for Microsoft's OneNote. The only catch here is that you'll have to create a (free) Microsoft account. OneNote offers a toolset similar to Notability (if a bit less polished and more… Microsoft). It offers a powerful notation space, especially for anyone already in the Microsoft ecosystem.

Agenda.

For a more structured planning app, Agenda is a great alternative to Trello. It's a date-focused notes/journal combination that incorporates your calendar to offer a to-do list, note space and calendar on one screen. Seeing previously completed to-dos and past dates in the same line as future events is surprisingly helpful. It adds temporal context to every glance at your upcoming tasks and notes. $25 gets you all of the synching and exporting features not included in the free app.

Maybe you're looking for a pure, simple, full-featured, free to-do list to replace Todoist, Things or any of the other paid or subscription-based apps out there. Enter Wunderlist. Not only does it offer all of the features of the others for free (including sync, subtasks and an Apple Watch app), but it has collaboration features, too. Use it to manage all of your own projects or set up your coworkers or family with access to shared lists to split up the workload.

Collaboration

Notion.

Speaking of collaborating, you might be searching for a change in routine to boost creativity or energize your team. A new app could be the solution, a replacement for Slack or Trello or Google Drive. Try Notion. It's a free, universal notes/to-dos/wiki app that works on desktop, mobile or in-browser on any computer. You can work offline, sync between devices, invite your team to workspaces and collaborate in real time. It looks great, too. There is a paid pro tier that removes limits on card numbers and upload sizes, but the free version has plenty of features for a small team.

Email

Collaborating with a small team is easy with an app like Notion, but email still dominates working from home or out of office. It's often a necessary drudge, but make it easier on yourself with Spark. This free email app from Readdle offers features like email snooze, send scheduling, swipe shortcuts, pinned messages, tons of smart folder options and more, all with the goal of reaching Inbox Zero. Spark wants to change your habits from leaving thousands of old, unread messages in your inbox to archiving or deleting those messages and leaving only the messages you need in your inbox or in a folder. The snooze feature, alone, makes it worth downloading.

The work

All of these time-saving productivity apps lead to one thing: the work. Two app highlights are worth mentioning: Be Focused and iA Writer.

Be Focused.

Be Focused is a tiny timer app that lives in the menu bar as a stopwatch icon. Set the timer and ��click start, and the app simply counts down. It doesn't block social media or lock you into a writing screen like other apps. It is not a restriction or a monitor, but a reminder to break up your work into blocks and take short breaks in between those blocks. You'll see that this psychological trick helps quite a bit.

iA Writer.

iA Writer is an essential tool for anyone whose work involves a significant amount of writing. It presents a beautiful, simple, powerful, Markdown-compatible writing space and brags a feature called "Focus Mode." When you enable it, this mode dims all of the text that is not the current sentence (or paragraph, or whatever you choose) so that your eyes remain on the current thought. It drives the work forward by avoiding the editing-while-writing quicksand. iA Writer can also highlight syntax in different colors, revealing your love of adverbs or repetitive verb use. And it has "Night Mode," a white-on-black theme that saves the eyes during late-night projects.

In the end, the work is up to you. But you can help yourself finish projects more quickly and efficiently with the help of the apps above.

Tom Twardzik is a writer covering personal finance, productivity and investing for Paypath. He also contributes pop culture reviews for Popdust and travel writing for The Journiest. Read more on his website and follow him on Twitter.

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The Federal Reserve sets the guardrails for the federal funds rate, and through that helps control the money supply for the nation.

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 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.

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