Work gotcha stressed out? You're not alone. Stress is a major issue for workers today, no matter the field they're in. From classrooms to boardrooms, construction sites to websites, people of all ages and stages in their career can become overloaded with stress. And it won't disappear on its own. You can take stress and turn it from a mess to a success.
Here are 3 ways to learn to de-stress and make the workplace more peaceful and inviting. No more pulling your hair out! Instead, you can chill out, calm your nerves, and discover new ways of tackling unpleasant and frustrating situations with these useful tips. Turn aggravation into accomplishment all while relaxing the mind and spirit.
There's so much constant activity that interrupts, distracts, and throws us off schedule each day. As the American Psychological Association notes, "In today's digital world, it's easy to feel pressure to be available 24 hours a day." Too many of us never know when to cut off our work-focused minds and achieve balance.
Many of us are compelled to answer emails the moment they land in the inbox, talk to "Joe" from marketing just because he inconveniently popped in the office unannounced, or attend every meeting we're invited to. All this commotion may seem like part of the job, but with no boundaries, stress levels rise higher and higher. We feel like we have to "do it all" when sometimes, less is indeed, more.
You can take control of this non-stop frenzy and still get your job done better than ever. Sharon Melnick, Ph.D., a business psychologist and author recommends to Forbes, "Emails, phone calls, pop ins, instant messages and sudden, urgent deadlines conspire to make today's workers more distracted than ever. While you may not have control over the interrupters, you can control your response. Melnick advises responding in one of three ways: Accept the interruption, cut it off, or diagnosis its importance and make a plan."
No one will begrudge you for trying to get your work done efficiently and will less stressors. Make small changes until you are comfortable with the new patterns and habits you've strategically implemented. When others see how well you're performing, they may be compelled to follow suit, making your entire workplace more efficient.
Treat Your Body Well
Stress is known to nag and fester, so do all you can to relax your mind and take good care of your body in order to release tension and arrive at a lighter, brighter place. As per PsychCentral, "Engage in activities that are relaxing to you, such as yoga, or anything that you really enjoy, such as meeting with friends, reading, watching TV or gardening."
And even before you get into that mode effectively, when mind-numbing stress is at its peak, stop what you're doing to focus on deep breathing. Melnick, as per Forbes suggests, "If you're feeling overwhelmed or are coming out of a tense meeting and need to clear your head, a few minutes of deep breathing will restore balance." Not only will this calm your nerves, but as per PsychCentral it "prevents you from saying something you might regret." That could lead to even more stressful scenarios! Note: Do NOT hit "reply all!"
It's also imperative to eat well, get adequate sleep, and let your mind and body recharge. Try not to obsess over stressful work-related issues when it's time to be with family and loved ones or during your "me time." Leave the work at the office as much as you can. The more you remove yourself from the "eye of the storm," the better you'll clear up the negative clouds which loom over your head and move forth with clear and sunny skies lighting your path.
Mind Over Matter
Sometimes we create unnecessary drama in our heads when things aren't going perfectly. We can become hyper-sensitive to innocent comments that were totally harmless and blow minor issues out of proportion. Meetings that somehow went off-track and projects that didn't yield the desired results can still have positive takeaways. By looking on the bright side, we can reduce stress and allow ourselves to work more efficiently. Turn negatives into positives and take control of how you react rather than allowing the situation to lead your behavior.
As per the American Psychological Association, one way to help your mind focus is through learning how to relax. "Techniques such as meditation, deep breathing exercises and mindfulness (a state in which you actively observe present experiences and thoughts without judging them) can help melt away stress. Start by taking a few minutes each day to focus on a simple activity like breathing, walking or enjoying a meal."
By learning how to control the mind, you can better react to potentially stress-inciting situations and people more calmly and effectively. Remember, we cannot control what others say and do, but we can manage ourselves. You have the power to use your mind to dilute heavy situations and circumstances and turn them into positives. Always take a moment before reacting and think about what you want to say or do. It will greatly affect the outcome and you will lead the way for others thanks to your rational example. Together, we can re-route the stress in the workplace and travel a new path to overall success.
Less stress IS possible. You can become the stress-free professional you always knew you could be. 'Till then, invest in a squishy stress ball and give it a tension-reducing squeeze!
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.