Budgeting tips for young adults


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Managing finances is a challenging task most young adults face, especially when given the freedom to earn their own money for the first time.  There are many spending temptations that surface, such as shopping, eating out, and spending money on going out.  Here are some helpful tips to save money.

Keep a spending tracker that works best for your habits.  One of the most effective ways to stay on top of your finances is by listing everything you spend.  It could be on a spreadsheet, on your smartphone, or even just on a notepad.  You can calculate the money that’s going out each week, versus the amount of money you actually earn.

Don’t overspend on trends.  Young adults like to keep up with the trends and purchase new models of devices, new clothes, and eat out in pricey restaurants.  While it could be social pressure, take control of your urges and think about how hard you work to earn the money that you’ll spend on these unnecessary things.

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Let go of unnecessary subscriptions.  If you notice that you are shelling out too much money on monthly bills for cable TV or different kinds of subscriptions, evaluate what you really need the most.  Terminate your membership for subscriptions that you don’t use regularly, and you can even spend more time to do offline things, such as reading and other fulfilling activities that don’t require spending.

Bharti Jogia-Sattar is a financial executive, accountant, and investments expert based in the greater Los Angeles metropolitan area.  She became Vice President and Controller for both Countrywide Capital Markets and Lions Gate Entertainment.  Collectively, she spent five years working for both companies: two for Countrywide Capital Markets, and three for Lions Gate Entertainment. For more material on money matters, follow this page.

The skills you need to survive in the Fourth Industrial Revolution


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Experts say that by the year 2020, the Fourth Industrial Revolution would have already brought forth artificial intelligence and machine learning, robotics and advanced materials, autonomous transport, and other sophisticated technologies to the digital economy.  The workplace is being disrupted these days with skills, employment, and workforce strategies all changing. Here are the skills that will allow employees and organizations to survive the 4IR.

At the risk of automation are administrative tasks such as data entry, scheduling and accounting, where nearly every company is likely to embark on digital transformation.  Service jobs such as fast food cashiers are likely to be replaced by self-service kiosks, while cab drivers are now supposedly sharing their space with self-driving cars and even hyperloops.


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These capabilities are likely to see newfound needs, from UX design and digital maintenance to application administration as well as integration management.  The business toolkit is fast expanding into more and more digital skills such as mobile, CRM, and analytics.  The emphasis, however, is fast shifting to the ability to learn as well as continually sill up.  This is particularly true for technical skills that often change but can be updated with online and on-demand learning.

The 4IR is also all about a burgeoning set of soft skills.  Experts predict that in 2020, these in-demand skills will include complex problem-solving, critical thinking, creativity, and people management.  Organizations should also pay good attention to emotional intelligence, judgment and decision-making, service orientation, negotiation, and cognitive flexibility.

The future of work and employment is filled with potential – only if people and companies are properly equipped with skills appropriate for the new digital era.

Bharti Jogia-Sattar is an expert in financial and corporate management and real estate. She has 15 years of experience as a financial executive and an accountant. Even as a college student at Bryn Mawr, she was already setting the stage for an impressive professional career.  Learn more about her expertise in financial and corporate management on this page.

How small businesses can benefit from cloud-based accounting tools

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Technology has been a boon for small businesses in a lot of ways.  It has made several business functions performed more efficiently and gotten rid of some operational bottlenecks, allowing these companies to give their attention to more value-adding activities.

One of the ways technology has helped small businesses is through cloud-based accounting tools.  Gathering, recording, and processing revenues, expenses, cash flows, and other accounting tasks can be done through any device as long as there is internet connection.  Aside from the convenience offered by cloud-based apps, there are other benefits, including the following:

Security:  A common misconception about cloud-based applications is that they are most susceptible to hacks because of their online features.  While this is a legitimate concern, cloud service providers place a premium on security.  Additionally, accounting data would be protected from the damages natural disasters might bring.

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Business relationship:  For small businesses, building and maintaining good relationship with employees and external parties, including vendors and distributors, are crucial.  Cloud-based accounting tools offer the ability to locate invoices, bills, and other accounting documents with ease, reduce the risk of human errors, and see financial reports in an efficient manner.

Real-time updates:  Organizations that use traditional software would have to create a schedule for updating the app. Otherwise, they risk experiencing bugs and security issues.  Cloud-based tools are updated automatically and in real-time by their service providers.

Bharti Jogia-Sattar has worked as a financial executive and accountant for more than 15 years.  Learn more about her work by visiting this page.


How to use past budgeting mistakes to your advantage


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If you’ve ever wondered why you’re always out of cash, there could be something wrong with the way you handle your finances.  While it could be painful to look back at your poor money handling habits, understanding your mistakes could be beneficial as you move forward with budgeting.

Growing up in a money-tight environment is one of the best learning experiences to lead a life without budgeting mishaps.  Witnessing how your parents struggle with money and remembering how they can’t afford to buy you what you want should be enough reason for you be firm with your current spending habits.  While it’s easy to follow over-spending patterns, do your best to steer away from using your credit card or borrowing money just so you can buy something.

Assigning payables according to your current paychecks is a big mistake, and you might have noticed how you went short on money because most bills are due at the same time.  An easy solution is to save up one month’s worth of income and use it as a budget to pay for this month’s bill, while this month’s paychecks should be meant for next month’s bills.


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If you experienced borrowing money from a friend or a relative because you needed to pay for an unexpected expense, then you know that it’s important to have an emergency fund.  For each paycheck, make it a habit to set aside money for your emergency fund.  You’ll find it useful when a sudden payable needs to be fulfilled. Examples could be: the car breaking down or medical expenses.

Bharti Jogia-Sattar is an expert in financial and corporate management and real estate.  She has more than two decades of experience as a financial executive and an accountant.  For more financial tips, visit this link.

The Three Basic Types of REIT

Directly investing in real estate often necessitate shelling out a huge sum of money, which makes it inaccessible to many investors. Real Estate Investment Trusts (REITs) is an instrument or security that gives investors opportunities to put money in properties or mortgages.

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It is similar to a mutual fund wherein capital is raised from large and small investors, which, in turn, is used to purchase real estate assets through major exchanges.

These three are the basic types of REITs:

Equity REIT

According to Market Realist, 90 percent of all types of REITs are equity REITs. This type invests in and owns, and sometimes, operates, income-generating real estate assets of a wide variety, including residential, retail, industrial, health care, and office properties. The major source of revenue for equity REITs are rent and lease payments, which are then distributed as dividends to shareholders.

Mortgage REIT

Mortgage REITs, also called mREITs, use pooled funds from the investors to loan money directly to real estate owners, landlords, or operators. There are also mREITs that lend for acquisitions of loan or purchase mortgage-backed securities. Investors will be able to earn from the net interest margin of these loans.

Hybrid REIT

Not yet that common in the market today, hybrid REITs is an investment strategy that aims to own both physical properties and mortgages. While investors in this instrument can diversify their portfolio, finding the right balance has proven to be difficult.

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Independent consultant and financial expert Bharti Jogia-Sattar had previously worked in the real estate sector, and one of her competencies is management of REITs. Read more about her by visiting this page.