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WeChat Saves You Money On Long Distance Charges

November 10, 2014 By Sherry Tingley

WeChat is the fifth most-used smartphone app in the world.

Smart phone messaging applications have become essential to doing business, keeping in touch with friends, having fun on a vacation and saving money.

WeChat, an instant messaging system developed by the Chinese Internet company, Tencent has become an extremely popular messaging app. GlobalWebIndex lists WeChat as the fifth most-used smartphone app in the world. Forbes magazine says, “It is undoubtedly the most powerful mobile app in China today and is fast becoming one of the world’s most powerful too.”

Let’s review some of the features of the messaging app. It has the standard text messaging, photo messaging, video messaging features, social gaming, and it has talking functions. Talking functions are much like using a walkie talkie. Video calls makes the app even more valuable. Forming groups can be quite powerful as well. Up to 500 people can be in one group. While talking with groups, only one person can talk at once.

The number one reason people like this app is because it allows users to talk for free. That means if you have contacts around the world, you can talk for free. Talking through the application has cut down the enormous costs of long distance charges.

Globally, WeChat has around 397 million users. The app is most popular in China, where it was built and launched in 2011. There are around 300 million Chinese users. While China actively blocks some popular social websites they have not blocked this app.

So how can WeChat be both good and bad? The app also has a GPS system that allows other people to see where you are. In fact, there is a feature that let’s you shake your phone and find other members close to you that you can add as contacts.

This tracking ability has caused some problems. Chinese authorities have linked the systems use to a large number of crimes. Recently Tencent identified and shut down over 20 million accounts that they had successfully linked to prostitution rings.

There was a tragic incident where a Chinese woman met a man through WeChat and arranged to meet with him. Little did she know that he had just spent 13 years in prison and was currently being investigated for rape. The meeting proved fatal for the young woman. She was robbed and murdered.

There are also people who are concerned about threats to national security as well as personal privacy issues. The gps functions in the app reveals your geographic location. Security officials could monitor users’ movements in real time, critics say, and give non-users access to text messages and contact books. Countries such as the United States, Taiwan and India, as well as the home nation of China have all wondered about the threats to national security.

The benefits of the app will have to be weighed carefully for each individual. It is quite touching to see how one teenager, nervous to perform in a violin concert was reassured by doing a video call with her instructor.

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Trick Your Brain, Build Your Wealth

October 15, 2014 By Twila Van Leer

Make saving money automatic every month. The easier it is to save the better for you in the long run.

If we leave it to our brains, we don’t always end up financially well off. Evolution has created brains that look at the world in particular ways and predict certain behaviors that can be counterproductive. In short, humans tend to prefer short-term satisfaction over long-term gain.

So, time to change your mind. With effort, you can even use inherent thinking patterns to enhance your financial position. Here are some ideas:

Quit pitting saving against spending by making the savings automatic. Make a firm decision in favor of regular deposits into a savings account and then forget it.

Try to visualize what it is you want to achieve financially. A picture on the refrigerator of the object of long-term savings – a new home, maybe – is a constant visual reminder that you have to stick with the goal.

People tend to spend differently depending on their perception of where the money comes from. A credit card, for instance, may not offer as clear a notion as does cash, so it is easier to overspend with the card. Use cash when you can.

Use several savings accounts targeted to specific goals. That way, your brain is not tricked into thinking you are making more progress toward those goals than you really are. A generic savings account may be easier to dip into than one specifically labeled “Vacation in Paris.”

Save small bills. One-, five- or 10-dollar bills accumulate fast, although you may at first think it a strange way to save. It works because you are required to do mental accounting and there is an essence of “gambling” involved since you never know when the next bill will show up.

Use savings, except for retirement funds, to pay off credit card debt. At this point in time, savings earn little, and credit cards charge a lot. Make use of the difference. If you can pay down the credit card debt, you’ll have more to save. That requires a change in thinking and genuine action, but it’s worth it.

Ways of thinking about money, like everything else, can become habitual. The idea is to replace counterproductive thinking modes with those that will contribute to your financial well-being.

10 Quick Tips For Job Hunting After Being Laid Off!

October 29, 2012 By Sherry Tingley

When people lose their jobs, it’s a devastating experience no matter how tactfully they were told they were no longer needed. The life they once knew as financially and emotional secure has been ripped away. According to many sources this loss is similar in intensity to a divorce or death.

Here are 10 quick tips for surviving a job loss. (Click on the dog to buy the cute doggie tee.)

1. Be grateful for at least one thing in your life on a daily basis. It’s so easy to get angry about situations beyond your control. Gratitude helps immensely.

Attitude is more important than the past, than education, than money, than circumstances, than what people do or say. It is more important than appearance, giftedness, or skill. We cannot change our past. We cannot change the fact that people act in a certain way. We cannot change the inevitable. The only thing we can do is play on the one string we have, and that is our attitude. – Charles Swindoll, Minister/Author

2. Get dressed for the day as if you were going to an interview. You will feel more competent and better prepared for anything that may come up during the day. Get out of those pajamas (unless you are looking for a job as a pajama model) and act as if you were going to be working soon!

3. Focus on getting face-to-face interviews. The chances of getting a job are increased with every face-to-face interview with a person who has the power to hire. It seems too obvious to point out, but the end goal of obtaining a job cannot be reached without face-to-face interviews.

4. Talk to everyone you know and let them know you are looking for work. If there was ever a time in your life that you felt more like crawling in a hole and covering yourself up with sand, this is it. Let go of this feeling as quickly as possible. The more people that are aware you are job hunting, the higher your chances of getting interviews that lead to employment.

5. Become a sales person about the most important thing you will ever sell anybody – YOU! It is extremely difficult for some people to think of themselves as a product, but in a way that is what we are. If you could describe yourself as a product a buyer needs what would you say?

6. Control the job hunting process. Being laid off is a situation that is out of your control. In fact the only thing you have control of is the actual job hunting process. Plan out daily time periods where you will be on the phone inquiring about job openings and actually talking to possible employers. Avoid doing anything else during this time.

7. Don’t overrate the value of a resume. What is going to get you hired with a new company is your interaction with the interviewer. Write a good resume, but don’t get stuck on spending hours doing it. Many employers are extremely busy and just want the answers to where your worked, how long you were working and what you did.

8. Avoid writing an objective on your resume. Employers care about what they want, not what you want. They want to know if you will fit the position they have in mind for you. As Tony Beshara states in his book, “The Job Search Solution,”

The clear message of an effective resume needs to be “You need to interview ME because this is what I have done in the past FOR OTHERS and therefore THIS IS WHAT I CAN DO FOR YOU!

9. Jobs are given to the people who sell themselves best. Don’t be afraid that the qualifications you have aren’t the absolute perfect fit for the jobs you apply for. Maybe someone else looks better than you on paper, but people get hired who are best at selling themselves.

10. Research, research, and more research. Find out about the company you are asking to work for. Find out everything you can about them. Ask yourself if you would be happy working for that company. Talk to people who are already working there.

Loosing a job is difficult. Hang in there and keep your spirits up. Often, when one door closes, another door is opened.

Christmas Shopping Budget Tips

December 15, 2011 By Sherry Tingley

The crunch is on. With a few days to Christmas, too many shoppers are in panic mode and throwing the budget out the window. If it’s happening to you, stop, take a deep breath and take back control.

Even those who manage to keep a lid on Christmas shopping during the early days of the shopping season sometimes find the temptations too much in the final days leading up to Dec. 25, credit counselors say.

Merchants —literally— bank on it. They offer last-minute bargains designed to bring the shopping throngs through their doors. Free photos with Santa, holiday food samples, special in-store events, buy-one-get-one-free deals are all crafted with the buyer —and his wallet—in mind. Keep firmly in mind that nothing is a bargain if you can’t afford it. Keep your Christmas shopping budget in mind.

Experts offer several strategies to help you avoid temptations during the final days of the annual frenzy.

Stick with the budget you made to begin your shopping spree. Avoid the temptation to add to your list or fudge a little on what you planned to spend for each recipient. Trying to be Santa to too many is a sure-fire budget-buster. Be a friend all year round instead. Biting off more than you can reasonably chew is a sure way to take the ho-ho-ho out of the holidays.

If last-gasp gift requirements do pop up, consider gift cards. They’re more convenient and less time-consuming than looking for bargains. The longer you spend in a place of merchandising, the greater the temptations become. If you go, have specific items in mind, find them, pay for them and go home. Browsing only gives you time to weaken.

Remember that groceries are part of the equation. The come-ons in the grocery aisles can be as tempting as those in other stores. Plan what you want to offer family and friends and stick with it. A cupboard full of crackers is not a particularly good Christmas leftover.

Shift your focus to other things. Avoid the stores. Think of places to go to celebrate the season without the urge to lay out cash, checks or the plastic. Remember for whom the till tolls. It tolls for you. Find some good entertainment that doesn’t involve walking through a mall. Or throw on the holiday music and spend some feet-up time. Contemplate the good things about the season, spending aside.

Avoid credit cards. Leave them home if you are venturing out. In extreme cases, have someone you trust put them away for the duration.

Communicate, even if it is belatedly. If the first 11 months of the year were tough, leaving your Christmas budget on the thin side, say so. Share your situation with relevant family members. Look for unique gifts that won’t break the bank. A little of your time may be more appreciated than a lot of your money. Chances are that if you talk with others, you’ll find they are hoping to cut back on their Christmas outlay too.

Use some of the time you are saving by avoiding the stores to look ahead to next year. Plan in advance to keep expectations reasonable and to make the season fit your situation. Plant firmly in your mind this year’s temptations for last-minute spending and recognize it when the same thing happens next year.

Free Personal Finance Credit Counseling

June 8, 2010 By Sherry Tingley

When people get into financial trouble by living on their credit cards, failing to make credit card payments on time or hide credit card bills from their spouse or significant other, they need to seek help.

Generally this help is needed at a time where there isn’t any money left over for additional expenses. Some people seek debt settlement companies. They can negotiate and reduce amounts owed, but they also get into trouble by advising you to stop paying your bills.

Where can you turn to get help from a non-profit organization? The AAA Fair Credit Foundation, founded by Preston Cochrane of Salt Lake City, Utah provides personal financial credit counseling at no charge. They give people help with budgeting and showing them the options they have to improve their lives. They have helped thousands of people learn to live debt free when they practice what the credit counselors advise them to do.

One of their counselors, Tiffany Wagner, was interviewed and gave some good insight into the financial problems many people have and how they overcome them. Read the results of the interview below.

Why Do People Seek Credit Counselors?

Sixty to seventy percent of the people who come in have dug themselves into a hole they feel they can’t crawl out of. Most people come to see a credit counselor because they don’t budget carefully and they live beyond their means. They don’t know how to manage their money properly. Many people make a decent amount of money or they make enough to live within their means. Their problem is generally a lack of budgeting.

People get into trouble when they think they don’t have enough money and then they start to live off their credit cards. They haven’t taken a critical look at their budget to see where they could save money. They haven’t identified the expenditures they could live without.

Economic factors like losing a job brings people in. Construction workers seem to be especially hit hard with the lack of building and remodeling going on.

What Are Considered ‘Worst Financial Habits’?

Some people bring in their unopened bills hoping to get help in organization and finding out where they are financially. Some of these bills have been unopened for six months. The consequences of not paying attention to your bills are astounding. Ignoring bills might seem like the most comfortable option but it is never a good strategy for building wealth.

What Are Your Best Personal Finance Tips?

The best thing we do is to give people a budgeting plan to get themselves out of debt. Their success really depends on the person and how motivated they are to get out of debt. A lot of people are not willing to give up their life style and cut back on expenses. If they aren’t willing to give up something, whatever it may be for that individual client, then there is not a lot we can do to help them.

When you go to a doctor and get a cancer diagnosis are you going to do anything about it? Will you seek treatment? Will you change the way you live? What will you do? Financial problems aren’t typically a life or death situation, but there are some similarities. The solution requires you to act and make changes. Your success depends on what you are willing to do to get yourself out of the situation. A lot of people are not willing to give up anything. If you don’t act on getting your budget within your means, the hole you are digging will get deeper and deeper.

How Many People Take Credit Counseling Advice?

About one out of five people actually do something with the information they are given. They are the people that make credit counseling rewarding. They are the ones who say, I wish I had known about you six months ago.

Where Can I Find A Credit Counselor?

AAA Fair Credit Foundation offers services in forty-four out of 50 states. You can go to their website to find a counselor near you.

The benefits of seeking help can give you a feeling of personal relief and improved family life, by reducing the tension and stress of debt problems. Do something about your problems today.