Dealing With the Time Change

Despite that you may not feel that different after a time change (we just went through one – well, everyone except for Saskatchewan), the numbers don’t lie. More accidents happen directly after a time change than on any other day of the year. That’s pretty scary.

I don’t know about you, but if I really pay attention, I am so tired after the time change. Not only do I get less sleep because I am not tired at my normal time I go to bed, but I am also a creature of habit and routine and when my routine is thrown off my entire rhythm is also thrown off.

dealing with time change

Ikea.com

I’ve learned a few things about dealing with a time change recently that I think are good lessons:

Ease Into The Time Change

A time change is rarely a surprise for us; we know it’s coming, it arrives each year, and our employers usually give us ample reminders. It’s nothing new.

That being said, so many people act like there was nothing they could do to prepare, which isn’t true.

Ease into it by going to bed a bit earlier before the time change, getting up a bit earlier. That way you won’t be shocked when your body needs to do this on a Sunday before work and you get no sleep.

Enjoy the Daylight Hours

There are pros and cons to having more light in the evening rather than in the morning, but regardless of your preference, it’s good to deal with the time change simply by getting out and enjoying the day light hours.

While it can be quite the shock to all of a sudden leap forward an hour, Vitamin D helps our hormones and brains adjust.

Small Snacks

My eating schedule gets all out of whack during the time change. It makes sense, because your whole day is thrown off. The way I deal with this (as this also has a lot to do with how much sleep I get – blood sugars and all) is by having small snacks here and there if I get hungry. I usually try to stick with nutritious fruits and vegetables. It takes me a bit to ease into a new eating schedule.

 

The time change really does impact a lot of areas of our lives. These are just a few helpful tips to help you ease into it in a smooth transition.

 

Financial Benefits to Living on Campus

If you are a student, chances are you have thought about living on campus before. If you don’t have the option of living with your parents, this is especially true.

There are a lot of considerations when trying to decide between living on campus, or potentially in an apartment, suite or house off campus.

http://colorchats.benjaminmoore.com/2012/08/diy-dorm-room-decorating-ideas/

http://colorchats.benjaminmoore.com/2012/08/diy-dorm-room-decorating-ideas/

I even once knew a student who lived in a Volkswagon camper van, which I guess would be the cheapest option.

Anyhow, there are some financial benefits to living on campus:

Proximity to School

This may seem very obvious, but the proximity you would have to your school would reduce or eliminate the need for a car for a student. We all know how expensive cars can be, so this is a huge benefit.

This is also positive because being that close to school almost eliminates the need to miss class (which can have financial implications) due to traffic and other concerns.

Cheaper Accommodation

Student housing can be a lot less expensive than living off campus. You’re typically sharing a “dorm” with a handful of other people and therefore you are on the hook for sharing shower facilities, a kitchen, and all other amenities. This may suck if you are a solitary person, but so what? You are saving money and likely making some lifelong friends in the process.

Because you are sharing with so many people, if you are on the hook for utilities the bill will be divided among your roommates, which is going to save you a lot of money. Usually, however, this wouldn’t be the case because student housing covers this.

Potential Ability to Share

In my first year, I lived in student housing and one of my roommates had a schedule like mine but the exact opposite. We never had the same class on the same day, so the big benefit to this would be that we were able to buy just one set of textbooks and swap notes.

This saved a lot of money and boosted our grades.

We wouldn’t have been able to benefit from it if we didn’t live in the same dorm.

You’ll find that at least one or two people in your building will have the same classes so that’s another benefit.

 

Student housing can be a really fun place to live when you are going through college. Be mindful of your budget (and don’t charge student housing to your student loans) and you will benefit from living on campus.

Did you live on campus in college?

5 Things You Shouldn’t Do with Money in College

Your loan instalment just came in, and it feels like you’ve got $5K in the bank just waiting to be spent…. except that’s nowhere near true. And even if it’s hard-earned paycheque money, it still deserves to be treated with respect and restraint. You are limited in cash usually when in college, so you need to be preserving your funds by ensuring you aren’t squandering your money.

frugal student

bad money decisions

Not sure where to start? Here are five things you shouldn’t do with money in college:

1. Open a credit card in exchange for something free

It doesn’t matter what it is. That burrito, t-shirt, pizza, or foam finger will end up costing you in the end, so don’t give your personal information and signature away to open a credit card.

There seems to be more than enough booths with companies offering credit cards, so just try to avoid them. You may not even need a credit card as a student.

2. Loan a friend money

Help your friend throw a fundraiser carwash, help them get a job, or help them create a stronger budget, but don’t loan your friend a significant amount of money. Not only does your friend not know the future (AKA whether he’ll find a job or have to move away), but you also don’t. Even if you’re flush with cash now (haha), there’s no telling if you’ll need your own resources in the future. This goes for co-signing on any kind of loan, too!

3. Sign a lease without a roommate agreement

You’re best friends now. But then, suddenly, your roommate starts chain smoking and inviting strangers to “stay a few nights” on the couch. And let’s not even get started with the mess in the kitchen! Before you sign a lease, sit down with your prospective roommates to make sure you agree on visitor, the date the rent is due, and what to do in the event of an argument or disagreement. You’ll be glad you did.

4. Spend it on just about anything

This might sound harsh, but anything within your price range in college is probably not worth purchasing. Stick to thrift shops, college outfitter stores, and yard sales for the necessities like furniture and kitchen supplies.

Luckily, it’s far easier to be frugal as a student than it is when you are out of school, as I have demonstrated in this post.

You should stick to spending money on experiences, like travel. Though sometimes you can get that for free!

4. Gamble or invest with student loans

Hopefully this isn’t even on your radar, but if you think gambling or investing with student loans is a good idea, think again. In fact, this is downright illegal, depending on the conditions of your loan! It’s not worth the risk, both legally, and in the event of a major loss.

Have you made any of these mistakes? What would you say to someone in your position?

 

6 Tips to Avoid Online Trading Scams

Online trading in the form of forex, stocks or binary options is extremely popular today and it appears that there is a huge industry behind promoting these practices. There is nothing wrong with financial trading in my opinion, however it seems that a lot of the websites that provide these services are either fraudulent or are not completely truthful with their claims.

Below you’ll ding a list of things that you should look out when someone requests you to sign up at a website that offers online trading services.

1. Don’t believe the claims that you can become rich quick

Trading stocks or forex online is most of the time completely legitimate however the claims that through them you can become rich quick are completely unrealistic.

Trading stocks, forex or options is in reality extremely difficult and requires deep knowledge of various industries and even economic theory itself. The people who make money in these industries are experts in their domains.

It’s simply not possible for Average Joe or Jane to consistently make money with these things. Anyone who is claiming otherwise is lying. It is possible to learn to become good at them but it requires several years to become a pro.

There’s even studies and researches that show that most people who trade online never make money.

2. Stay away from fraudulent websites and companies

If you for some reason still decide to engage in online trading you should at least make sure not to register and deposit money at fraudulent companies and websites. You should only register at trading websites that are regulated in your respective jurisdiction.

Check out the national financial regulatory agencies of your country (for example, if it’s Canada then it’s the Canadian Securities Administrators) and see if the respective company you want to sign up at has a real license or not.

3. Don’t use any automated software or signals to trade

If you trade online either forex or options you should attempt to learn to do this yourself. There are some websites out there that claim to offer software that will analyze the markets and tell you when and what to do.

They claim that using software like these you will always be able to win no matter what. For example, some claim that using binary options signals you can always win 80% of the time. This is not true at all.

If the movement of various markets could simply be predicted by random software then we’d need no economists anymore and there would be no more financial meltdowns at all. We would just pug in some software and it would predict all the market movements for us. We’d live in a utopia. Of course, in reality it doesn’t work like that.

4. Don’t accept so-called free bonuses

When you register at online trading brokers you’ll have to deposit a certain amount of money that you will use for investment purposes. Online trading companies will sometimes offer you bonuses to entice you to sign up.

A bonus is a free money gift given to you as a thank you for signing up. For example, if you deposit $500 you might get something like $100 extra as a gift. You can’t cash out this money obviously but you will be able to use it for investing purposes.

This seems good at first but there is always a catch. The catch is that this will lock in your deposit as well. Usually when you accept a bonus you’ll be bound to the bonuses’ terms and conditions that usually state that you’ll have to invest your bonus and deposit amount an X number of times until you’ll be allowed to cash them out.

5. Don’t start trading based on some email you got

There are many legitimate online trading companies out there however there are also many that are just a scam. Legitimate companies never advertise their services through spam. So, if you see emails in your mailbox coming from forex or other trading companies then those are a scam for sure. Legit companies don’t do thing like these.

This is also valid in the case of phone calls. Some trading companies recently even started to call random people in order to persuade them to sign up and trade online. Again, legit companies don’t do this. This is pure spam and most likely not even legal.

6. Don’t invest large sums

Like said above, online trading is not really made for the causal trader. However, if you have decided to give it a try nevertheless or are serious about wanting to become a pro (it’s possible, it just takes a lot of time and effort) then under no circumstance invest our life’s savings.

Just try it out with very low amounts of money such as $100 or maximum $200. Your goal in these cases is not to make money but to experiment and learn. You’ll most likely lose all this money anyway and won’t make any profits at all until a significant amount of time passes and you’ll get accustomed to trading.

Lastly, always remember that financial trading and investing is serous stuff. There’s just no way a random person can make money with this overnight. Sure, you can train and educate yourself but to believe you will be making money right away you begin trading is foolish.