We may cry during sappy television commercials, when we argue with our spouse or best friend, or if we get some upsetting news, but letting the waterworks flow at work is not something we want to do or see all too often. Being emotional in the workplace setting to the point where tears fall can be embarrassing, disturbing, and often frowned upon. But like anything else in this imperfect world, things happen that are beyond our control. Anything from welled-up eyes to a full-on bawl can go down at work, but it is not the end of the world – no matter how you may feel in the moment.
You may have cried at work in the past or held in your bubbling up tears to the point of nearly bursting. You may fear the day will come that you will lose your composure and weep like you just lost your puppy. Before you relive the moment or stress out unnecessarily, know that many people at all levels have cried at work and managed to live to see another day, through clear eyes and a renewed sense of spirit.
Aside from reaching for the nearest box of Kleenex, here is what you should do if you cry at work.
Acknowledge the Wave of Emotions
OK, so the tears poured like a rainstorm and everyone saw the scene. You can't sweep the scene under the rug, but you do not need to cause a further spectacle. Once you can manage to get the words out, acknowledge that you became overwhelmed or overcome with emotions. And that's that.
Forbes recommends, "The key is to acknowledge the emotion or the circumstances that led to your outburst, but don't apologize for it. When you start apologizing, it takes one person's discomfort and makes two people uncomfortable."
Elle Canada suggests, "Own it. If you're in a meeting, be direct. Say 'Well, that hit a nerve." Clear and concise, end of subject.
Be brief and be mature. If you try to skirt the issue, people will be kept wondering what's going on with you, gossip can fester, and folks may think that anything said or done will cause the "fragile" you to break down again. Show your strength by exhibiting that emotions are part of humanity.
You will need to get back to work with a clear head and a fresh restart. You may need to remove yourself from the group to recompose. Head to the rest room, take a breather outside, or just go to your desk or office for a few moments of privacy.
Those who witnessed your tears will surely understand and probably expect you to step away for a bit. Once you have recovered, hold your head up high and resume your work. Do not let the upset dictate how the rest of your day will go. You might actually feel much better after releasing the pent-up tension and stress.
It is time to let it go. We all have our moments and this was yours. There is no need to rehash the episode or bring it up again. Most people will not even remember this happened in a day or so. As Fortune reminds us, "Just get over it. Everyone else will forget about it if you forget about it"
Like Elle Canada notes, "There's no 'tissue ceiling' — people can be successful at all levels of management, and crying is a biological thing that people are wired to do. Don't beat yourself up over it."
Once you reflect and get to the root of the problem that caused your crying in the first place, you will find yourself in a better frame of mind and have the ability to work through the issue the next go-round sans tears. 'Till then, always have a hankie on you.
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.