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5 Moves to Make When You Miss a Paycheck


Most economic surveys show that roughly eight out of every ten Americans are currently living paycheck to paycheck. Missing one of those paychecks can lead to serious financial stress, so you’ll want to have a plan in place just in case it happens. Employees sometimes get fired or laid off. Independent contractors are dependent on their clients. No one is immune to this.

Do you think your job is in jeopardy? Look for a new one. Are you not making ends meet as an independent contractor? Maybe it’s time to find a regular job. If you’re deeply in debt, it may be a good idea to apply for a debt consolidation loan and lower your monthly payments before a missed paycheck makes paying it off even more difficult. If you do miss a paycheck, try making the following five moves:

1. Tighten Your Budget

This is likely to happen naturally if you just missed a paycheck. Ideally, you want to tighten your budget before that happens. Eliminate any non-essential expenses, cut back on impulse spending, and open a savings account for emergencies. These are the actions that will help you get out of that paycheck-to-paycheck rut and protect you from lost income. 

2. Pay Living Expenses First

Missing a paycheck may force you to make some hard choices. Always pay your essential living expenses first. That includes your car payment if you need a vehicle to get to work, your mortgage (or rent), utilities, and food for the house. Takeout food is not essential, and neither is cable TV. Those may have to be put on hold for the time being. 

3. Pause Your Debt Payoff Program

Assuming you’ve created a debt payoff plan, it’s okay to pause it if you just missed a paycheck. Make your minimum monthly payments on credit cards and loans if you can, but you can stop any extra payments until you’re back on track again. You might also want to contact your lenders and credit card companies to ask for hardship forbearance or payment deferments. 

4. Host a Yard Sale

Sell some of your stuff to make some extra cash. You probably have an attic or basement that’s filled with items you consider useless. Others might find those items to be valuable. You know the saying, “one person’s trash is another’s treasure.” You can host a physical yard sale or list items on eBay. Either way, you will raise some extra cash and clean out the house at the same time.  

5. Find a Side Hustle

When the world shut down during the Covid-19 pandemic, everyone was looking for a side hustle and creativity was at an all-time high. Take something that you enjoy doing as a hobby and find a way to monetize it. The world needs writers, photographers, graphic designers, dog walkers, and handymen. There’s extra money to be had in all of these areas. 

The Bottom Line: Proper Preparation Prevents Poverty

Yes, it’s slightly different from the classic “5 Ps” you generally see, but the principle is the same. Prepare properly and you can prevent poverty. Living paycheck-to-paycheck is not a recipe for long-term financial security. You will always be vulnerable if you don’t make some changes. Follow the suggestions in this article and you will be able to easily survive missing a paycheck.  

Divorce Can Hide Some Extreme Costs – It is Better to Be Financially Prepared (and Properly Represented)


Entering into a marriage is, for the most part, a partnership. A commitment to make things work no matter how hard they might seem. Living up to that commitment, though, is much more complicated than simply committing in the first place. With that in mind, it should come as no surprise that divorces are common and quite expensive. If you live in a state like California, the average divorce can cost around $17,500.

So, how much does a divorce cost in California? The answer is that it depends on how you work the divorce out. Working with the right legal professional can make sure that you avoid some of the typical hidden costs in a divorce. What, though, are the most common hidden costs that can make a ‘cheap’ divorce very expensive indeed?

Self-representation is often an expensive mistake

By far and away, the easiest way to pile on the hidden costs is to self-represent yourself in a divorce case. Many see this as the easy way to save money during a divorce. However, if the other party uses a legal professional, it is easy for a non-professional to become tied up in knots during the dispute.

This can add to the length and cost of the divorce proceedings. Instead, it might be better to let a professional handle the dispute. They can often find a quicker way to reach a settlement and resolution.

You will be making extensive decisions about your future, and without legal counsel, it is very easy to make an expensive mistake. In addition, divorce is a highly emotional issue; this can lead to making hot-headed decisions that cost you time and money down the line.

Negotiations and settlements

Another easy way to lose money and see your divorce costs balloon is to negotiate and reach agreements on your own. Many try to negotiate using principles and ethics in the courtroom; this does not matter. Principles are not for the courtroom. What matters are facts.

You might feel as if you have been wronged, but if you try to negotiate on that feeling instead of facts, you will run into trouble. If you want to be financially prudent during your divorce, you absolutely should focus on negotiating and settlements that are backed up with the facts, not feelings.

A court will only look at the facts. The opinion on the ethics or the cruelty of anything beforehand is not considered.

Failing to meet deadlines

Another challenge of self-representation is meeting the numerous deadlines and response times for documents that have been filed. If you represent yourself, it is easy for life to get in the way and miss important deadlines. This can make your case much harder to win and often has a long-term cost in terms of your ability to win the case.

If you intend to take a divorce case further, you should be prepared for an expensive, time-consuming experience. By hiring legal counsel, though, you can make sure you are adequately represented in the key moments. While this might not bring about a fairer settlement or a cheaper hearing, it can often make sure you are at least given the best chance of avoiding this.

Self-representation is a sunk cost; if you wish to get through the emotional turmoil of divorce as quickly and reasonably as possible, you should consider hiring assistance.

Your Guide to Getting an Admission In Columbia University

columbia university

Columbia University is widely recognised as one of America’s best institutions. It is well-regarded among the other Ivy League colleges, with an exclusive admittance rate and high average starting fees for graduates.

Columbia’s unusual mix of outstanding academic departments across the board and proximity to New York City puts it and its students in a unique position to benefit from both the advantages of a top-20 university and the advantages of living in a metropolitan hub.

It’s no surprise, therefore, that Columbia receives over 40,000 applications each year. Nonetheless, the Columbia University admittance rate is roughly 6%, making it one of the most difficult Ivy League schools to get into. If you’re a student residing in student accommodation in Columbia and just cannot wait to live your college dream, you have come to the right place!

Let’s start by answering some of the very frequently asked questions about Columbia University.

Is it hard to get into Columbia?

One of the reasons Columbia is such a prominent institution is because of its low admission rate. It wouldn’t have as much scholarly and social clout if it were simple to get into!

The reported acceptance percentage varies from year to year, but you can bet that it will be less than 6% in any given year. Columbia revealed a 3.9 per cent acceptance rate for the class of 2025, meaning that just roughly four students out of every 100 candidates would receive a prized acceptance letter.

What is the average SAT scores that students in Columbia shall have?

The students of Columbia have an average SAT score of between 1510 and 1560, making it a very competitive college. Remember that this is an average—not it’s the only score you can get, and students who score around that will get a little additional help, while kids who score below that will have to show how well they’ll do in other parts of the application.

This is why it is critical to begin SAT preparation as soon as possible. You can always try again if your initial score isn’t quite right. Preparing for the SAT can help you get closer to your target score, and therefore closer to having that coveted admission letter in your fingers.

How to prepare your answers for the college essay?

college essay

Writing a strong and impactful response to the “Why do you want to go to Columbia” essay is critical. Because the admissions staff already knows how amazing Columbia is, use this area to explain why it’s the appropriate school for you and how you’ll contribute to the Columbia community. This is a perfect time to bring up your spike once more to tie everything together.

In your essay, be sure to put emphasis on your personal experience. Reading successful Columbia application essays is a terrific way to gain a sense of what Columbia is looking for and to see how personal details can transform the tone of an essay entirely.

Here we have a few tips that we’ve gathered for you, which might help you increase your chances of making it to your dream university, the University of Columbia!

Get in touch with the alumni of Columbia

Ivy League alumni have a long and illustrious history of networking. Indeed, one of the most long-lasting benefits of graduating from these prestigious colleges is access to a very wide network of alumni who can assist you in your career endeavours. Individuals who are seriously contemplating attending universities are also connected. Because Columbia is no exception, reaching out to a Columbia graduate or someone who is living in the student halls in Columbia University for a brief conversation may be quite beneficial.

You can go ahead and ask any questions you have about the institution, its admissions process, what it’s like to attend, and more at this discussion. You may also inquire about any recommendations or advice the alumnus may have on applying to Columbia. Hearing from someone who has done what you want to do and succeeded is a terrific approach to get useful and insightful knowledge. It’s also something you might include on your application to help distinguish yourself by demonstrating initiative and a strong desire to attend the university.

Work for your letter of recommendation

Nothing beats a strong letter of reference from one of your instructors for making admissions authorities take a second look at your application. While most teachers will be complimentary of you, you must reach out to the correct individual for the position. Consider your previous lessons and see which ones you succeeded in. Try to go over the interactions you’ve had with your professors throughout the years.

Which ones stick out as being more significant than the rest? These letters of reference are intended to provide admissions officers with a fresh perspective on what you can bring to the university. Teachers should provide a personal, informative, and enlightening overview of your academic accomplishments, hobbies, and personality. As we previously said, it’s critical to notify instructors as soon as possible about this need so that they have enough time to create something meaningful.

Nail your essays

While most Ivy League institutions have an extra writings portion, Columbia University takes a different approach to these feared questions. Students may find Columbia’s essays to be both tough and thought-provoking, rather than typical and uninteresting queries. Major cultural themes, such as podcasts, programmes, music, movies, art, and literature, are frequently referenced in the questions.

As a result, in order to do well on these essays, you’ll need to be a little more imaginative and personal than usual. It’s always a good idea to contact out a college admissions consultant or specialist if you’re having trouble writing the right essay.

Amber is devoted to providing you with the very best experiences and options when you are seeking student accommodation. They have upgraded regularly with the COVID-19 protocols and policies. They are more than eager to help you in finding the best home away from home.

About the Author

Anannya ChaudharyAnannya Chaudhary is a content writer living in Delhi. As soon as the clock strikes the completion of the last working hour of her office shift, you will find her on the way to her favourite food joint, brimming with joy and excitement to devour a plate of her all-time favourite, chicken momos. You could classify her as that one designated annoying friend who makes you cry if you resist them dragging you to the dance floor.

How to Sell Your House Properly Without a Real Estate Agent


Your house is one of the most important things you will ever own in your life. It’s a place where you can create memories with your family and friends, and it’s also a place where you can make money. If you want to sell your house, then it’s important to do so in a way that maximizes your profit. This can be difficult because many people turn to real estate agents to sell their houses for them. While real estate agents are capable of selling houses, it’s not necessary to pay big commissions by hiring one when you sell your house.

To sell your house fast without the help of a real estate agent is not an impossible task. There are many ways you can do this and still get the most money for your home. Many people think that the only way to sell a house is through a real estate agent. This could not be further from the truth as there are many ways you can sell your own home without having to pay an agent, and in this article, we’ll explore those methods.

Contact Home Buyers

Home buyers are always on the lookout for new properties. If selling your house quickly is your desire, then it’s important to get in touch with home buyers. There are many home buying companies that will buy your house fast, and often for more than the market value. This is a great way to get rid of your home quickly and without having to go through the hassle of finding a real estate agent.

Another way to sell your home without a real estate agent is to use an auction company. Auction companies are experts at selling a house quickly and for a good price. They will often get you more money for your home than you would by selling it through a real estate agent.

Prepare Your House to Be Marketed

One of the best ways to sell your house without a real estate agent is to prepare it for the market. This means taking care of any repairs that need to be made and making sure your home is in good condition. You can also make your home look more appealing to buyers by staging it properly.

When you stage your home, you make it look attractive to buyers. This will increase the number of people who are interested in buying your home, which means you’ll get a better price overall.

Price Your Home Competitively

Another great way to sell your house without using a real estate agent is to price it competitively. If you price your home too high, then no one will be interested in buying it. In order to sell your house without a real estate agent, you need to make it as desirable as possible. Do some research on the prices of similar homes in the area and price yours competitively. You can visit a guide to town houses if you want to sell your house quickly and for the most money possible, make sure you price it realistically and competitively.

Market Your Property

One of the best ways to sell your house without a real estate agent is to market it online. There are many websites that allow you to list your home for free, and this is a great way to get in touch with potential buyers. You can also use social media platforms like Facebook and Twitter to market your home.

When you market your home online, you reach a much larger audience than you would if you were to only market it through word-of-mouth. This means that you’re more likely to find a buyer for your house quickly and without having to pay an agent’s commission. If you’re not web-savvy, you can always hire a marketing company to help you sell your home.

Hold an Open House

Another great way to sell your house without a real estate agent is to hold an open house. This is a great way to get in touch with potential buyers who may not be able to see your home during regular hours. It’s also a great way to show off your home and get feedback from potential buyers.

When you hold an open house, you need to make sure that your home is ready for visitors. This means taking care of any repairs that need to be made and making sure your home is clean and tidy. You should also make sure that you have plenty of information about your home available for potential buyers.

Know the Selling Points of Your Property

When you’re trying to sell your house without a real estate agent, it’s important to know the selling points of your property. This means highlighting the features of your home that are most appealing to buyers. You can do this by creating a list of features that your home has and putting it in a brochure or on your website. You can also use this information to create a marketing campaign that will appeal to potential buyers. When you highlight the features of your home, you increase its attractiveness and appeal to buyers.


Learn To Negotiate Effectively

It’s important to know how to negotiate effectively when you’re trying to sell your house without a real estate agent. You have the upper hand in these negotiations, so you want to make sure that you get a fair price for your home. This means holding firm on your asking price and not accepting offers that are too low or unreasonable.

This also means not giving in to emotional buyers who want your home more than anything else. When you know how to negotiate effectively, you won’t get stuck with a lowball offer for your home. You’ll be able to hold out until someone offers the right price for your house, which means less hassle and no agent fees.

By using some of the methods we’ve mentioned in this article, you’ll be able to sell your house without an agent quickly and easily. Remember to be patient and to keep an open mind during the selling process. With a bit of hard work and some shrewd negotiating, you’ll be able to sell your home without any trouble at all.

Student Survival Guide: How To Save Money

save money

It can be a real challenge to juggle studies and keep yourself alive with other matters. A number of students have to work after or before classes so that they can have enough cash to get it through until next month. Expenses are piling up, and so are the deadlines. But that does not mean you have to skip certain meals during the day to save some extra cash. Numerous alternatives are available for you to try out to keep your pockets from going empty. Let’s check them out:

Start a budget meal plan

A budget meal plan is one of the best ways for you to save on cash. It will go a long way to plan your meals every week. Doing so will help in the cost-saving process as well. Not only that, but meal plans are readily available online. Most of them are articles and easy-to-follow tutorials. The best part is that most of these media cost nothing at all.

• Purchase goods via the internet

Speaking of online, it also pays a lot to do your food and other needs shopping online. The dozens and dozens of sites have several prices and goods that will fit your budget. If you get lucky, you will land yourself tons of discounts on specific items. You can also try shopping during holidays and special events. Websites often have special deals during these occasions.

• Buy second-hand goods

It may not be your cup of tea, but purchasing used or second-hand items can also give your wallet a break. The reason why people opt for second-hand items is that they cost less than brand-new ones. Another neat feat with visiting shops for second-hand wares is that you can never tell what you might find. You might discover rare collectible memorabilia, vintage accessories and appliances, antiques, old books, and so much more.

• Cook your own meals

That double-patty burger and large fries with coke do sound tempting for lunch. But you should beat it for now and cook your own meals instead. Self-cooked meals are your gateway to saving more cash during those long days. You choose what food items to use for your current meal. Plus, you can keep the rest for another meal idea. Not only that, but you also save time from traveling to food stalls and fast-food outlets.

• Volunteer

Each city has organizations and non-profit movements that give back to the community. You can sign up for one of these endeavors and become involved. You will be doing more than helping out. But the best thing about volunteering is that you get to meet new people and learn new things. You are doing all of it without spending a dime.

• Take a walk

If your campus is not that far, then why not walk towards it when you can? Or perhaps ride a bike. Walking works your muscles for some neat exercise. You also get to save on travel money.

• Take advantage of coupons and discounts

You also have the option to sign up for media and platform coupons and discount deals. You may never know when they can come in handy. But the important thing is that you can access them whenever you want. There are dozens of sites online offering these deals, such as Boots student discount, and so much more.

• Look around for free entertainment

Entertainment is all around you – all you need to do is take a look around. Just because you need money doesn’t mean you have to cut out all the fun and breaks. Visit small book outlets near you. Or maybe take a stroll at the park every 3 pm. Such small actions will let you take a break from all the cramming and fasting. You also will get to collect your thoughts and plan ahead.

• Try living on campus

Living on campus can be a cheap alternative to renting out rooms or dormitories near your school. A perk of living on campus is that you can save money on utility bills and transportation fees.

It would be wise to compare the numbers. Check between living on campus or at a dormitory. Pick the best choice that suits you and your budget.

• Track your expenses

Tracking your expenses takes some time to accomplish. But the process allows you to find out where you are coming short. It will show if you have issues with buying extra drinks during weekends. You can also compare the prices you purchase goods for as the weeks go by overall.

Being a student is one step away from your future career. It is paramount that you keep your mind and body safe and healthy as much as you can. Don’t compromise when money gets short all of a sudden. There are numerous ways you can save on cash so you can get on with another week or two.

Top 4 Benefits of Doing an MBA

mba student

If you would like to fast-track your career in business then the thought of studying for an MBA (Masters of Business Administration) has most likely crossed your mind. This highly sought-after qualification is regarded by many as a way to stand out from the competition and succeed in the business world. Known to enhance graduates’ marketability,  job opportunities as well as their potential earnings, an MBA can seem like an obvious choice.

However, with the average costs ranging from $55,727 to $161,810 an MBA program may well be prohibitive for many. If you are an aspiring business person or would like to develop your business skills further, this article will explore some of the reasons why you should consider getting an MBA.

New Career Paths

Deciding to change career paths can seem like an impossible decision especially if you have been working in one industry all your career. If you are one of the many who are considering changing their job, location, industry or all three, an MBA can equip you with the training and skills you need to take your career in a new direction. 

With MBA specialisms in a wide range of business disciplines such as International Management, Consulting, Supply Chain Management and Marketing you can gain the competency and expertise required to access new industries and a broader range of career opportunities.

Return On Investment

Gaining an MBA accreditation from one of the best online MBA programs will give you the expertise and the know-how to command, or at least negotiate, a higher salary compared to someone without an MBA. Within a year or two, MBA graduates could see their investment returned.

MBA graduates earn above-average salaries.  According to the Graduate Management Admission Council’s 2020 Corporate Recruiter Survey,  the median mean salary of an MBA graduate is $115,000. This is 75% higher than that of an employee who holds only a bachelor’s degree. 

The top 10 countries in the world to offer the highest average base salary (in USD) are as follows :

  • Switzerland – $123,500
  • US – $102,100
  • Canada – $99,800
  • France – $98,500
  • Australia – $98,400
  • UK – $92,400
  • Italy – $86,400
  • Singapore – $82,700
  • Japan – $80,000
  • Germany – $77,200

Professional Network

An MBA program can help you develop a valuable network of business school alumni, teaching staff as well as professionals who are experts in their field.

Many business schools arrange work experience, networking events with entrepreneurs, CEOs and business leaders as well as mentoring programs to help graduates succeed in their business careers.

Such a network can also open doors to job opportunities that may not be known to outsiders. Equally, having a list of contacts in business can help you in your own business if you decide to take a more entrepreneurial route.

Personal Development

As well as hard skills, MBA professionals graduate with soft skills that teach them how to be good leaders and mindful managers. The value of soft skills for effective management is now recognized by most employers and some of the skills you will hone during your MBA include:

  • Communication skills
  • Leadership
  • Problem-solving
  • Interpersonal skills
  • Cross-cultural competency
  • Teamwork

With the four reasons listed above, you can better decide whether pursuing an MBA is the right decision for you.

What to Look for in Project Management Software

Gantt Chart

Organizations that don’t adequately bring project management into their processes experience project failure approximately two-thirds more than those who do. That’s according to the Project Managament Institute’s (PMI) Pulse of the Profession® 2020 Ahead of the Curve: Forging a Future Focused Culture report.

Wasted resources, improper tracking, and faulty timelines are just some of the hiccups that can occur with projects that are inadequately managed. But they’re not the only ones.

Many organizations attempt to address these challenges by bringing in experienced, skilled project managers the shepherd their initiatives from start to finish. This is part of the solution. Another important measure to take is to use the best project management software for your business. 

Project management software: An overview

A project management tool allows you to see an overview of the project at hand. Today, there are several different types of software businesses use to visualize and streamline tasks and processes. 

For example, a Gantt chart is essentially a bar chart that enables participants to view activities, displayed as bars, against a horizontal axis that represents time. This way, individuals see the progress of each task or responsibility. 

A kanban board, meanwhile, utilizes cards that represent various tasks in rows that categorize the stage it is in, such as assigned, in progress, under review, or completed. This is one of the more popular project management methodologies and the foundation of software like Asana and Trello.

No matter what the type of tool, though, all project management software offers a few central features. The overarching purpose is to allow businesses and individuals to plan and guide their projects, through scheduling, budgeting, resource allocation, task assignments and delegation, and more. What was once a complex, manual process is now streamlined and made considerably easier with the help of this technology.

What to look for in project management software

Collaborative features

Not every member of your team will have project management skills — in fact, most won’t; they will be focused on their particular niche and area of expertise. Solid PM software demands collaborative features that enable team members to work together to move the project along, no matter whether they’re working in-house, remotely, or across distributed teams.

Some software allows for file and document sharing, communication via real-time messaging or video chats, commenting, and other collaborative processes. These are helpful features to have, ones that promote teamwork, even when team members aren’t physically working side by side.

Ease of use

Your project management tool should be accessible to people with varying degrees of technological skills and knowledge — although, of course, this depends on the type of organization and industry and yoru expectations of your employees. Any team member should be able to use the software easily. Otherwise, you risk the tool failing to achieve its purpose of streamlining and contributing to the project management process and greater organization. That’s why software like https://www.jobmagix.com/ made sure it’s extremely easy to use and track progress for jobs.

Time tracking

Time spent on projects is an important indicator of efficiency and productivity. That’s why Many product management tools like Zeda offer time-tracking features. 

Not only will this allow you to see whether tasks are being completed on time, but you can also gain insight into whether various projects are cost-effective, given the output of your team measured against the overall cost and profit.

Reporting and data visualizations

Many project management tools offer comprehensive dashboards with data visualizations, like graphs and charts. This allows team members to see the information that pertains to your project in a clear way, enabling them to understand the progress of tasks and the overall initiative. Leaders can also gain valuable insights into metrics on factors like performance, time spent, and KPIs.


People with different abilities and work styles should be able to access and leverage project management software. Consider the needs of your team members. Perhaps, for example, speech to text is critical.

Moreover, all workers should be able to access the tool from practically any location, or at least those with internet access. Remote work, after all, is the foundation of today’s workforce and a style that will become even more ubiquitous in the coming years.


Many businesses expand, and as your organization grows, you will need a project management tool that accommodates more and more team members and workflows. Today, you might have only a handful of concurrent projects, but next year, you could have double or triple that number. 

You need software that will grow with your organization. Look for a tool that is scalable and can accommodate your employees and contractors as your business gains clients or customers.

How do you decide which tool to use?

Every business has different priorities. When you’re evaluating project management software, there are different factors to keep in mind, suh as:

  • The size of your business or enterprise
  • Your industry
  • The age of your business
  • Your project management approach (e.g. agile, waterfall, etc.)

Consider, too, the features that are most important to you and your team members. Take into account the preferences and work styles of your employees, perhaps even asking for their opinions. You want a tool that works for everyone — this, after all, is the very essence of quality project management.

Control Costs and Measure Success With Earned Value Management

Earned Value Management

Earned value management, or EVM, allows for mesuring project performance by project managers. Really it all comes down to measuring progress and success compared to goals and desires. This management process is used to find discrepancies between project work planned and project work performed, as well as the results of completion or achievement. 

This EVM system is often used to forecast projects both from a cost standpoint as well as in regards to scheduling. Cost and speed of completion are the foundations of success rate in business management. These data points allow for the generation of very valuable performance statistics. EVM allows for a quantification of project data that can be used towards future planning, adaptation and adjustment, and potentially even full direction change or refocus. 

EVM systems have been used since the sixties and have radically changed how value is assessed and how that value is used for project decisions. This methodology is used to this day in the industries it was developed in, as well as many other industries it has grown to. Originally, EVM was introduced in development by the Department of Defense (DoD) to track programs and to manage expenditures through one of the United State’s most active agencies. EVM is actually now mandatory as a checklist of accountability in the US government. All that being said, the private sector has also found great benefits in employing EVM systems. These are often related to planning, budgetary measures, and acquisition management and project management education. 

In 1996 a memorandum of understanding concerning common cost and schedule management for acquisitions was signed by Australia, Canada, and the United States. This has made EVM an acknowledged management system worldwide. 

Earned Value Analysis VS Earned Value Management

EVA exists to compile cost and scheduling variances across a project. This is really just the computation part of an EVM system. EVM however is the greater project management function of utilizing data points to identify trends, predict future outcomes, and devise strategies. EVA is the data gathered, while EVM refers to the actions taken with regards to said data. 

EVM has been implemented with various standards and protocols, but the core concepts of EVM systems are not as complicated or difficult as they may seem within certain standards. 

Key Benefits Of Earned Value Management

Studies have shown that as early as 20% into a project, data statistics can be used to forecast future results and possible discrepancies in an ongoing project. This significant predictive power makes EVM one of the most valuable project tools for successful cost control. 

EVM systems allow for a comprehensive breakdown and understanding of key cost and scheduling variances that can be used for powerful prediction and forecasting strategy. Some of the most key abilities and processes that EVM can enable include:

  • Mapping work against costs and breaking down unknowns into measurable and quantifiable metrics. 
  • Creating a data framework with which to design future actions and plan decisions. 
  • Comparing benchmarks to project status to highlight and identify crucial project paths. 
  • Noticing and predicting problems early on and making investment or approaching changes accordingly before problems take hold in the project in effect. 
  • Increased visibility, transparency, and accountability for project investors with clear and measurable statistics.
  • Zooming out for greater context on a project as a whole and deeper insights into each connected step of a project system. 

Key Concepts Under The EVM Systems Umbrella

There are a number of terms associated with the Earned Value Management systems description. Understanding these terms and how they apply to the system as a whole can give a greater understanding of the processes. 

Planned Value (PV)

This can also be talked about as the budgeted cost for work scheduled. This largely depends on the scope of the work at hand and the point you are currently at in a project’s schedule. 

What this breaks down into is the total project cost, modified by the percentage of the project being examined. So if the total budget is $50,000 for a 5 month project, the completed project PV = $50,000. The halfway PV at 2.5 months would be $25,000.

Actual Cost (AC)

This is simply the actual cost of work performed in a project. With adequate cost management systems and software, actual cost monitoring should be quite simple. That being said, it is important to be aware of and account for hidden costs that may have been omitted from initial budgeting. Things can change and problems can be encountered. 

Earned Value (EV)

The real key to EVM is that there are bound to be divisions from estimated costs to actual costs. This can be especially noticeable when a project becomes behind schedule. Your EV is the budgeted cost for work performed, held against the actual cost. This can be useful when held against project benchmarks for completion. 

How Are Variances Analyzed?

Scheduling and cost variances are determined using these data points. Scheduling variance and cost variance are the two key indicators. 

Schedule variance simply refers to divergence from a planned schedule. This is found by taking your earned value and subtracting your planned value. This will show how a project is placed within its schedule. This breaks down scheduling divergence as quantifiably related to budgeting. To fully understand what the costs side of things mean strategically however, it is important to consider the scope of the project and inner-project work. 

Cost variance does a similar analysis on budgetary divergences. In this case, you take your earned value and subtract your actual cost. The result will show where a project is along budgetary guidelines. 

These variances give us key performance indexes that further simplify this data representation. Schedule Performance Index (SPI) gives an evaluation of a project in relation to schedule. Cost Performance Index (CPI) gives an evaluation of a project in relation to budget. 

When it comes to effective project management, knowledge is power, and understanding is the powerup. EVM systems allow for a large amount of data information to be simplified and contextualized for planning and strategizing. EVM systems can be quite complex and require sophisticated implementation of larger systems and standardizations. That being said, any business can benefit from understanding how to break down project achievement progress into quantifiable data points for future analysis and planning. 

Trusting Fintech For Personal Loans


The digital lending ecosystem is providing people with a brand-new wave of accessibility when it comes to credit. It doesn’t matter whether you look at retail borrowing or whether you look at small businesses, because it is more than possible for Fintech players to cater everything they need to the needs of their customers. Custom credit solutions are now more and more popular and there are also very efficient services too. Effective financial inclusion is very much possible if you have a deep understanding of financing needs. FinTechs work towards transitioning from the usual financial arrangement to one that offers a very high level of convenience. This helps to ensure that everything is accessible and that it is also highly convenient.

The Fintech Sector

When you look at the financial technology sector, you will soon see that it is absolutely brimming with opportunities. Consumers now have the option to improve credit flow and they can also do this with unbanked or even underbanked sections of society. This helps people to realise the vision of having a self-reliant system that is fit for purpose for an economy-driven nation. At the end of the day, technological disruption has, in the past transformed the lending landscape and it has also made for a much more digitally-focused approach. If you want to find out which lenders are coming out on top for fintech then you will want to read Figure personal loans review here.

Customised Products

Fintech really does have a very high level of operational dexterity. When you combine this with the technological capabilities, you will soon see that this allows people to evaluate the needs of the person who is borrowing. This enhances the ability for people to cater to a much bigger spectrum of borrowers and it also offers personalised credit reports too. These again can be tailored to the needs of the customer.

Enhanced Experiences

Enhanced customer experience has also been at the forefront of this movement. There has been a huge surge in remote services and this demand is here to stay. Fintech leaders are now very much capable of being able to deliver a solution that is end-to-end as well as ensuring that the digital process is enhanced. This is ensuring that minimal documentation is required and it also allows lenders to overcome any geographical distances. It also allows companies to cater to borrowers who may be in more far-flung areas. This can of course, all be done from the comfort of one’s home.

Reduced TAT

When you look at fintech, you will soon see that it can offer a much higher level of risk assessment with way less paperwork. Now you have the benefit of having cutting-edge technology This can include AI and ML. You also have big data analytics as well. Lenders can quickly create and analyse information which gives them a way more comprehensive overview of the risk profile for a given borrower. This also reduces the risk of fraud and it allows for faster loan writing, which is fantastic to say the least.

How Digital Trading Cards Can Support Others

Trading Cards

Modern trends along with digital development have made collectibles a staple of the 21st-century lifestyle. Terms like “digital collectibles,” “NFT portfolio,” and even “Pokemon NFTs” have become synonymous with rising blockchain technology.

However, collectors are often wealthy individuals able to purchase high-priced, unique collectibles from other wealthy personalities. This makes the market one that profits only those in a financially stable position. The question is, can their collecting pursuits be linked to the spirit of blockchain, wealth redistribution, and a more direct support to those who need it most?

What Are Collectibles For?

Collecting is a natural trait in humans, associated with our emotional side and the ability to hold memories. Seeing children play with Pokemon trading cards reminds adults of their childhood, for instance.

But collecting is not only about returning to the past. It is also about praising the present and preserving it for the future. Think of the late 90s, when collecting cards of baseball players and popular TV series, such as Pokemon, were used not only as a way to remember but a way to praise idols of the moment. Kids could show off their Pokemon trading cards to their classmates, evoking interest and a shared appreciation for the famous TV show streaming at the time.

Collecting can attain forms of power, too, as the social layers collectibles add can ignite an uprise in status. Traditionally, art collectors are known for amassing status by the display of wealth, taste and pride through their acquisitions. Now with the rapid appreciation of blockchain-based assets, collectors are turning to new ways of investing their wealth, targeting the decentralized landscape of NFTs.

What Exactly Are NFTs?

NFTs are a new way to hold value and show wealth, all from within a secure blockchain-based environment.

An NFT digital collection, on the other hand, is often sought for the ownership aspect blockchain assets are embedded in. But not all NFT collectors are driven mainly by ownership. The NFT space offers creative, outlandish items perfect for those who are after uniqueness, too.

NFT eccentricity and novelty make them not only possible value storage but also a way for collectors to keep up with the latest emerging trends, and partake in the future of technology. An NFT digital collection can hold immense value, while at the same time offering new ways of collecting, investing and supporting blockchain-based communities and their creators.

The value of collectibles does not only lie in the way they are manufactured, but also in the ways that they can appreciate, such as the CryptoPunks collection whose price has altered significantly since they were minted. There are a couple of markers that can make those assets valuable well beyond their stock price.

Pricing of Collectibles


A collectible’s price can be influenced because it is a one-of-a-kind item. Pokemon trading cards have a lot of printing mistakes, but only rare instances impact the value, as evident on Mewtwo cards that lacked a rarity symbol on the front. One card from that series is worth more than $5,000. The way a collectible is priced depends on a couple of factors, some of them being scarcity, ownership, and uniqueness.

Trading based on those factors would be impossible without a strong community. This network of connections is what allows for collecting in the first place—people who would like to buy and sell potentially rare items. A good example comes from Pokemon, where a collector was willing to pay $240,000 for a Pokemon game trading card due to its rarity and signature of the Pokemon CEO.

Combining scarcity and the status of someone behind the overbearing narrative is another way to increase the value. Pokemon cards are just one out of many examples tied to a bigger product.

Depending on those factors, fans of collecting all over the world search out for items that they can hold or later trade. The digital realm is open to new potential collectors, and it bears resemblance to the physical collectible landscape.

Decentralization allows collectors to participate in a variety of aspects of the blockchain ecosystem. Through this technology, artists are able to monetize their talent via an NFT digital collection, and more recently, through digital trading cards, making them appreciate in value in the eyes of the whole blockchain community.

Digital Trading Cards

Digital trading cards are not only virtual equivalents of physical trading cards, but they can also be used to bridge talent with supporters. Through VirtualStaX, a TurnCoin powered platform, people all over the world can create their own, personalized collectibles called StaX and get the additional support they need. VirtualStaX can be created in the StaXApp by people from different sectors like sports, business, and arts among others.

A person interested in creating their own digital trading card, can acquire a BaseStaX, and supporters can acquire them to be part of the person’s journey and directly support the talented person when buying the BaseStaX. Supporters can collect them, reminiscent of NFT collection cards, and profit with the talent’s ongoing success and growth.

Digital cards can not only support the creator but charities as well. While creating the card in the digital trading cards app, the card author can choose whether they would like to devote a part of their income to a charity. VirtualStaX works with two foundations at the moment: Heart of Sport and Heart of Compassion.

The Heart of Sport foundation offers children from disadvantaged backgrounds opportunities to fulfill their sports aspirations. It does so by providing them with equipment, scholarships and training they need to develop their careers. Funds can also go to financial planning, counseling and rehabilitation of athletes all over the world. All inspired by NFT digital collection technology.

Heart of Compassion is focused on providing food, water, health, and human rights to the places that need it the most. The culture of this foundation revolves around the word “Ubuntu” which means, “I am because of who we are.” This spirit of unification, and willingness to change are fundamental to a strong foundation.

By using blockchain technology based on NFT collection cards, the invested funds are guaranteed to go to the mentioned foundations, as the technology provides immutability, ensuring that the funds go to the desired place when a transaction is made on the blockchain.

Choosing the Right Card

Collectors can browse through the StaXApp and pick whose journey they would like to be a part of. The Global Popularity Index (GPX) factor, a supply and demand algorithm found in the platform, helps collectors oversee the value of the StaX.

The author of the VirtualStaX can also create a CollectorStax, which is an NFT collection card. If the collector buys it and is right in their assumptions, they can not only help fund the career of the card’s creator, but also profit on the transaction later on. The author of the card does not have to win any big championships, they just need to keep updating and showing signs of progress for the people to follow.

Out of many collecting possibilities that the digital, decentralized landscape provides, like Pokemon NFT projects, some of them, such as VirtualStax, were created to support worldwide talent and people who are in less fortunate circumstances, and this is where the power of blockchain lies—in enabling opportunities for everyone.

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