Browsed by
Category: How to’s

8 Ways a U.S. Credit Downgrade Could Hurt My Finances

8 Ways a U.S. Credit Downgrade Could Hurt My Finances

Like many Americans, I’m wondering how a U.S. credit downgrade would impact me personally. The drop from AAA to AA rating will force the government to pay higher interest on its debt, but what will be the consequences to hard-working Americans? From my financial experience both professionally and privately, here is the impact I foresee to my credit card debts, mortgage, taxes, savings and cost of living resulting from a U.S. credit downgrade.

1) Higher Interest Rates on Loans

A downgrade in the U.S. credit rating will make the U.S. less attractive to investors. The government will have to pay more for borrowing money, and the Federal Reserve will likely charge banks more for the money it lends them. Like a snowball effect, interest rates will rise throughout the economy. The standard APR on my credit cards will go up as will the interest on future loans, such as payday loans for unemployed borrowers, car loans, adjustable rate mortgages, student loans or personal loans. This will affect the economy as a whole as people spend less and companies borrow less for the purpose of growing their business.…

How to fire a volunteer

How to fire a volunteer

how-toOne of the things I like about volunteer groups is the level of discussion – it’s not “What should the table centerpieces for our volunteer thank you luncheon be?” or “How do you recruit volunteers” but, rather, “How are we going to respond to this new government policy/practice” or “What are your success stories re: working with online volunteers.” I so appreciate that!

With that in mind… I saw this question on an online discussion group that shall remain nameless, and wanted to pass it on. I’m wondering not only how you would answer, but also, what this question might say about how many people view volunteers and the role of managers of volunteers.

Here is the question:
———–

I have a really super awkward situation where I need to “fire” a volunteer – I’ve tried everything, such as finding non-people related tasks (work on this at home! You Don’t have to come in!!) and even referring to other agencies (sorry fellow nonprofits!) but the volunteer keeps coming back, wanting to work with us. I feel bad, because I realize that this person is really passionate about our work, but internally, is referred to as the Rain Cloud (RC) – we are just too small of a staff working long hard hours with very high needs clients to extend that to a volunteer.…