Friday, May 29, 2015

"Airline Travel Tips"



 
 
 
 
 
 
 
 
  
If you're thinking about a vacation getaway this summer, chances are you haven't financially planned for it! A Citi Premier Survey found that while most consumers look to control their spending when booking and experiencing travel, nearly 60% say they exceed their summer getaway budget each year. Let's make sure this doesn't happen to you! SAVED BY THE BELL has all of the information you need to know if you're traveling by air.
 
 
 
Get ready for packed planes this summer! Trade industry organization Airlines for America projects that approximately 222 million passengers are expected to fly on U.S. airlines from June 1 to August 31. That’s up 4.5% from last year. This includes 31 million travelers on international flights, a record high. A recent Harris Poll sees similar highs for the U.S. travel industry. Nearly 7 in 10 Americans have a least one leisure trip planned this summer.
 
 
LEAVING ON A JET PLANE:
While many of us plan to fly the friendly skies, we aren’t benefiting from lower ticket prices. The Airlines Reporting Corporation (ARC) looked at all of the tickets purchased this year through April. The ARC says the average U.S. domestic airfare is $406. That's almost exactly the same as last year. Fares to European destinations from the U.S. rose 2.4%, averaging $1,713 this year vs. $1,673 in 2014.
 
LOVE'S LIGHT IN FLIGHT:
I'm sorry to say, we're approaching the worse time of the year for airline deals. Cheapflights.com says the hardest time to score a bargain is June thru August. Airlines know when we want to fly and price their tickets accordingly. But it doesn't mean you can't shop smart. FareCompare says the cheapest days to fly are generally Tuesdays, Wednesdays and Saturdays.  The most expensive days to fly are generally Fridays and Saturdays. If you don't mind taking early morning and overnight flights - that's the way to go. Those tickets are generally cheaper than flights later in the morning. How can you make sure you don't miss out on any deals? Sign up for fare alerts on FareCompare.com. You'll be notified as soon as prices change for your favorite trips.
 
CAN'T WAIT ANOTHER MINUTE: 
The earlier you buy airline tickets before your trip, the easier it is to find good deals. FareCompare says the best time to purchase airline tickets in the U.S. is between three months and 30 days before departure. The best time to buy international airline tickets is between 5 ½ months and 1 ½ months before departure. What's the best day and time to book your flight? Data from FareCompare shows that buying your ticket on Tuesday at 3 p.m. eastern time will give you access to the best flight deals. Why? They say that's when airlines release the most sales.
 
GET HERE:
Which destinations are the best and worst when it comes to ticket prices? The Airlines Reporting Corporation analyzed the top 30 domestic and European destinations by ticket volume. The recent report found that fares dropped more than 11% in Maui (Kahului), Hawaii and almost 21% in Munich compared to the same time last year. The highest fare increases in the domestic and European categories were Denver with an increase of almost 16% and Stockholm at 24%.

DO YOU KNOW WHERE YOU'RE GOING TO?
The airport you travel to and from is also an important part of your vacation.  Air travelers surveyed by consultancy SkyTrax ranked the world's 100 best airports. Singapore's Changi Airport was #1. The top U.S. airport was Cincinnati/Northern Kentucky International, which placed 30th on the world's best list. Denver rated as the #2 airport in the United States,  placing 33rd globally. Rounding out the top five from the United States were San Francisco (#36 globally), Atlanta (#44) and Seattle-Tacoma (#54).
 


I LIKE IT:
If you're flying a long distance, the seats need to be comfortable! SkyTrax compiled a list of the world's 10 best economy class airline seats for medium and long haul flights. The rankings are based on customer reviews. Topping the list is Qatar Airways followed by Kingfisher Airlines, Thai Airways, Asiana Airlines and Malaysia Airlines. SkyTrax says the carriers on the list have a greater "seat pitch" than a majority of airlines around the world. So what exactly is a seat pitch? It's the distance from any point on one seat to the exact same point on the seat in front or behind it. It gives a very good approximation of how much seat room you should expect. In some planes, the seat pitch difference could be 5 inches!


A LITTLE HELP FROM MY FRIENDS:
Comparison shopping is the way to go if you want to find the best deals. Orbitz, Travelocity, Expedia and Priceline are sites many of us use.  But according to the Travel Technology Association (Travel Tech) that's not what the airlines want. Travel Tech says restrictions have been placed on airline information transparency by some airlines because they want consumers to book directly through their own websites. That's not good news for us. Travel Tech says restrictions on access to comparable flight information would result in ticket prices rising by more than 11% for leisure travelers. This equals out to $30 more on average per ticket or an increase of about $120 for a family of four making a trip. As a result, Travel Tech says millions of passengers annually will choose not to fly because of higher ticket prices.

MONEY, MONEY, MONEY:
When planning a vacation, it's important to save up for it before hand. A recent Harris Poll says Americans plan to spend upwards of $1,500 on trips on average this summer. What's the best vacation planning strategy? Create a "travel" savings account, similar to your emergency fund. Allocate a specific amount each week/month for your vacation. Make sure you factor in all trip expenses: airfare, hotels, meals, excursions, etc. Put the money in an account with no monthly fees or minimum balance requirements. Think about it - if you aren't planning a trip in the future, you may not have much money in the account. You wouldn't want to be slapped with any fees because the balance is low.
 
COME FLY WITH ME:
One the easiest ways to save money when you fly is to avoid baggage fees.   Pack more efficiently and bring all of your belongings in a carry-on bag. Most airlines will allow you to bring one personal item and a carry-on bag for free. If you're traveling domestically and do have bags to check in, Southwest or Jet Blue are your best bet. They are the only two carriers that don’t charge for the first checked bag. Spirit Airlines is the only airline to charge for carry-on bags. It will cost you $35 to $100, depending on when you check-in.
 
ALL YOU CAN EAT:
Airport and airline food can be very expensive. If you can, bring sandwiches or snacks from home.  Remember: liquid items above 3.4 ounces are forbidden. That includes gravy, sauces and soups.  Stay away from jams, jellies, salsa or salad dressings. Wine, liquor, water and beer are also on the banned list.
 
I DON'T WANT TO MISS A THING:
Flexibility is the key to saving money when you fly. While you may prefer one particular carrier,   you may get a better deal with another airline. And believe me, I hate connecting flights - but truth be told, you can save a lot of money by doing so. If you live close to more than one airport, check the fares leaving from different locations. You might be able to save money that way. Also try booking a one way flight with one carrier and a return flight with another carrier. Sometimes that will give you some good deals.
 
CHOICES:
Do you dread the long boarding process? Hate taking off your shoes when going through security? Are you dying for some more legroom? Do you want all of the amenities you have on the ground, in the air? Ask and you shall receive - but it's going to cost you.
 
Rewards Cards: A number of carriers offer rewards cards including United Airlines, Delta and American Airlines. For a $95 annual fee, the United Mileage Plus Explorer credit card offers perks including priority boarding for you and a companion on the same reservation. For every dollar you spend, you will accumulate miles. You can use the miles to book any available seat at any time on any United operated flight. Your miles don't expire as long as you're a card member. There's also no limit to the number of miles you can earn.  If you're a part of an airline's frequent flyer program, take advantage of it!
 
Trusted Traveler Programs: The Department of Homeland Security (DHS) has several programs with the goal of improving the passenger experience. The TSA Pre Check program is available at 133 U.S. airports. The program allows U.S. citizens and lawful permanent residents to leave on their shoes, light outerwear and belt when going through select screening lanes. Participants can also keep their laptop in its case and their 3-1-1 compliant liquids/gels bag in a carry-on. The application fee is $85 for five year membership. Other Trusted Traveler programs offered by the DHS through the U.S. Customs and Border Protection (CBP) include Global Entry, NEXUS or SENTRI. For more information on all of the programs, visit the official website of the Department of Homeland Security:  http://www.dhs.gov/comparison-chart
 
Premium Economy Seats: Whether it's called Economy Plus, Comfort Plus or Main Cabin Extra  - many carriers sell premium economy seats. United Airlines has a one year Economy Plus subscription starting at $499. The seats have extra legroom and are located in front of the cabin, allowing you to deplane earlier. With prices starting at $20, American Airlines is offering up to six inches of additional legroom - as well as earlier boarding. US Airways' Choice Seats option will allow you to purchase seats toward the front of the main cabin. However, the seats don't have additional legroom.

Priority Boarding: Have you ever flown Southwest Airlines? Unlike other airlines, you aren't assigned a seat. Once you board the plane, you are free to sit in any available seat. To make this process easier, Southwest offers EarlyBird Check-in for $12.50 one way. The program gives you the benefit of an early assigned boarding position, allowing you to board earlier. This means you will have a better opportunity to select your preferred seat and have earlier access to the overhead bin storage for your carry-on luggage.

Wi-Fi: You can pack your own meals, but you can't pack your own Wi-Fi. A survey conducted by Honeywell Aerospace last year found that in-flight Wi-Fi availability influences flight selection for 66% of passengers. Nearly one-in-four people admitted they’ve paid more for a flight with Wi-Fi.  Keep in mind, not all airlines offer Wi-Fi. Those that do, charge a fee for the service. Jet Blue offers free Wi-Fi on its planes.


You've just been SAVED BY THE BELL!!


Friday, May 22, 2015

"Job Interview Tips"











Searching for a job can be time consuming: identifying a position, tailoring your resume/cover letter and ultimately applying for the job. Now begins the waiting game. How do you increase the chances you will be called in for an interview? What's the best way to prepare? In this installment of SAVED BY THE BELL, we'll take a look at some of the do's and don'ts before, during and after your job interview.  I was a hiring manager for more than 10 years and have seen applicants make big mistakes that cost them the job. SAVED BY THE BELL has 50 tips to help you through the interview process. (Names have been changed to protect the offenders!)


2015 HIRING OUTLOOK:
The outlook for hiring is improving, so acing that job interview is more important than ever! CareerBuilder's annual job forecast says more than one-third of employers expect to add full-time permanent employees this year. That's the best outlook from the survey since 2006! There's potentially more money up for grabs. 64% of employers plan to offer higher starting salaries for new employees - up from 49% last year. 45% percent of employers also expect to raise the minimum wage within their organizations in 2015.


1) WORK TO DO:
You applied to a number of open positions and haven't been called in for an interview? Your efforts to land the job should not end after clicking "send" on the application. There's still work to do! Do you have contacts at the company? If so, let them know about your interest in the position. Find out if they can help you in any way. If you did your homework, you should have the hiring manager's contact info. If you do, reach out to him/her via email. Introduce yourself and indicate the job you are inquiring about. Highlight your experience and request a time to discuss your candidacy with him/her.

2) LAND OF CONFUSION:
Have you applied to numerous positions at the same company? A word of caution! Resumes are often filtered through the same human resources representative. This means - even though you are applying for different jobs, the same person may be looking at your application over and over again. I once received an application from a man we will call "Desperate Donnie." When I looked at Donnie's name in the hiring system, I could see that he applied for more than 30 positions at my company - all within two years! The numerous applications made him look desperate and unfocused.  Would you hire him?

3) PRACTICE MAKES PERFECT:
Practice a mock job interview with a friend. Have him/her ask you questions without reviewing them beforehand. Your reaction needs to be natural, just like it would in a job interview. However, if there are specific questions you feel you may have trouble answering, have him/her ask you those. Your friend should evaluate your responses and body language. Ask him/her to record you, so you can view yourself later.

4) IT'S A SMALL WORLD:
In certain industries, it's not uncommon to have worked with or know practically everyone in the industry. Therefore, a good reputation is essential. Always be professional. Work hard and make sure you have a good attitude. Chances are the hiring manager will ask colleagues if they have an opinion of you or your work before asking you in for an interview. 

5) HIT ME ON TWITTER:
There's no denying we live in a social media world. Many hiring managers research applicants online and view their social media accounts before choosing to bring them in for an interview. A 2014 CareerBuilder survey found that 51% of employers who research job candidates on social media said they’ve found content that caused them to not hire the candidate. That's up from 43% in 2013.  Be careful what you post on your social media accounts! It could come back to haunt you.

6) I WANT YOU:
An updated social media profile is essential.  It may help you land a job interview. Companies are increasingly using social media sites to recruit new employees. In fact, I've been contacted several times by recruiters through LinkedIn, even though I was not actively looking for a job. Make sure you have a robust profile: enter all applicable information on your work and educational history; upload examples of your work and ask colleagues to write recommendations or endorse your skills.

7) DON'T YOU WANT ME BABY?
I usually take about 30 seconds or less to look at a resume. That's all the time I need to determine if the applicant might be the right fit for the job. Some hiring managers take even less time to look at resumes. So how do you stand out? If you're a nurse, don't describe your day-to-day duties at your job; that's boring and unnecessary. I know what a nurse does. Prove your value to me. Emphasize your accomplishments. Quantify and measure your contributions. What sets you apart from other applicants?
 
8) BLACK AND WHITE:
Your resume should be two pages max - no wacky colors or weird paper. "Unique Ursula" sent me a resume that was printed on parchment paper. It was interesting to look at, but totally unnecessary. If you have an interview scheduled, don't forget to bring an updated copy of your resume. This is especially important if there are changes on your resume since you submitted the job application.

9) NO GIMMICKS:
Are you trying to separate yourself from the competition? No gimmicks please! CareerBuilder highlighted extreme steps some people took to get an interview. One job seeker visited the company every day for several weeks, each time asking to speak to a different company representative. She sat in the reception area for hours, waiting for that person. It came across as creepy and no one ended up meeting with her. Then there was the man who delivered his resume to a construction company in a gorilla costume and balloons! Gorilla Man sang about the qualifications he believed made him perfect for the job. The company's CEO was not amused - he promptly escorted Gorilla Man from the building.

10) LYING EYES:
Don't lie on your resume - it can come back to bite you in the you-know-what. I received a resume from "Lying Leon" touting his experience writing business news content. He should have thought twice before sending me his resume. My company had a business relationship with the television station he worked for, so I knew first hand that he didn't have the "experience" he claimed to have. Needless to say, Larry wasn't called in for an interview. There shouldn't be anything on your resume that's not true or that you can't speak on confidently.

11) MAKING CONNECTIONS:
Congratulations! You have a job interview coming up. Use your connections within the company before and after the interview. See if your contacts are willing to put in a good word for you. Ask them for any insight into the company or the job opening.

12) ALRIGHT WITH ME:
The interviewer may ask you for references. Speak the individuals you have selected for references before the interview date. Let them know you have an interview scheduled. This is especially important if you haven't spoken to them in a while. If your references are caught off guard and are not prepared, they may not be ready to present you in the best way to your potential employer.

13) I'M DIFFERENT:
Before the interview, take an inventory of your experience, skills and accomplishments. You will need to highlight them for your interview. Review the job requirements in and make note of all of your positive attributes. Be ready to sell yourself at the interview!

14) DRESSED TO KILL:
If you know me, you know I'm old school. I prefer men and women to dress up for interviews in suits. While a suit is not a requirement - my advice would be to dress appropriately. Research the company to find out what would be suitable to wear. I don't care how rainy, cold or hot it is outside - when in doubt, it's better to show up dressed up rather than underdressed. "Inappropriate Isabelle" came to an interview dressed way too casual. She wore a tank top that showed too much cleavage and a skirt that was much too short. Your clothes can influence your chances of landing a job, so take it seriously!  
 
15) SUIT & TIE:
While I prefer men to wear suits, make sure it fits you properly! "Slimmed-Down Simon" came to the interview with a suit he used to wear before he lost a lot of weight. He began the interview apologizing for the ill-fitting suit and explaining how he lost 50 pounds. He could have easily worn a nice pair of slacks and a shirt for the interview, instead of the ill-fitting suit. If you are job hunting, make sure your attire is presentable. Not only should the clothing fit you, it should be cleaned and pressed.

16) I'M READY:
Ask the person arranging the interview if there is anything specific you need to bring. Do you have a copy of your work as requested? Are you ready for the competency test? You should always bring at least five extra copies of your resume, just in case. Don't forget a small notepad and at least two pens (in case one dies) to write notes. I don't mind if an applicant takes notes during the interview, but let's not go overboard. "Studious Sally" was so engrossed in taking notes; she barely looked up at me during our discussion. 
 
17) EAT IT:
Eat before your interview. Throughout my meeting with "Hungry Harry," I could hear his stomach growling. It was very distracting. If you're nervous, eat something light before the interview. But make sure you eat something. 

18) TAKE IT EASY:
Don't go heavy on the cologne or perfume. In fact, it's best if you don't wear any. You don't want to overwhelm your interviewer. "Perfume Patricia" came to the interview wearing a lovely scent. While I didn't mind, another hiring manager may not feel the same. 

19) GETTING TO THE CHURCH ON TIME:
I hate it when people are late. If you're late for an interview, you start out on the wrong foot and it's very tough to recover. If your interview is taking place in neighborhood you aren't familiar with, travel to the area ahead of time to make sure you know where it is. If you're early on the day of the interview, go to a local coffee shop, a park or a department store to burn some time. Don't arrive early to your interview! Try telling that to "Early Enid." She arrived for her meeting with me about an hour before the scheduled time. Your interviewer has a specific time set aside to speak to you. Don't inconvenience them by arriving extra early. You should check in no more than 15 to 20 minutes before the scheduled time.

20) MR. TELEPHONE MAN:
Turn off your phone before you head into the interview. Completely off! Not just on vibrate, because I can hear that too. "Phone Call Patrick" received a call during our interview. He apologized for not turning off his phone. I would have overlooked the situation, except he started checking emails after he grabbed his phone. Are you for real Patrick?

21) CHECK YO SELF:
Right before you meet the hiring manager for the interview, make sure you are presentable. Go to the bathroom and look at yourself in the mirror. Fix your hair and clothing. Men: fix your ties. Ladies: touch up your makeup. Everyone - don't forget to pop a breath mint. "Bad Breath Bobby" forgot to freshen his breath before we met. He left an impression - but not the impression I'm sure he wanted to leave.
 
22) NEVER AS GOOD AS THE FIRST TIME:
Some employers know within the first five minutes of an interview whether a candidate is a good or bad fit for the position. So it's important you make a good first impression. Smile when you greet the interviewer. Thank him/her for taking the time to meet with you. Shake his/her hand. Speaking of handshakes...
 
23) SHAKIN' HANDS:
Learn the art of the handshake! Don't shake hands with the tips of your fingers as the interviewer has cooties. A limp handshake also leaves a lot to be desired. A firm handshake is the way to go - but don't shake hands too strongly. "Overzealous Oscar" shook my hand so hard; it was sore for the whole interview. My hand is hurting right now just thinking about it!
 
24) GET UP, STAND UP:
Take your cues from the interviewer. Make sure you are listening to him/her for direction on where to go for the interview. Wait to sit down until you are offered a seat. Don't sit down on your own. 

25) PLEASE BABY PLEASE:
No matter how much you need a job, don't appear desperate. "Pleading Paul" spent most of the interview telling me about his financial problems and how much he needed the job. This made me feel very uncomfortable and did not leave a good impression.

26) TAKE THE MONEY AND RUN:
While you may be anxious to find how much the job pays, NEVER bring it up in the interview.  One of the first questions "Debbie Dollars" asked me was how much I was going to pay her, as if she had already secured the job. If the interviewer brings it up, that's a different story. Compensation discussions will typically occur when you are presented with an offer. Wow them with your experience and interviewing skills and hopefully you will get to that point. Are you are concerned about focusing your attention on a job that doesn't meet your pay expectations? Glassdoor.com is a possible resource. You can research some jobs at companies and find out the average pay before you apply. 

27) DON'T WORRY, BE HAPPY:
Be positive and upbeat throughout your interview. It's absolutely important that you smile! "Monotone Michael" did not smile at all during our interview. In fact, he didn't display any emotion at all! He also spoke in a monotone voice, which didn't help things. I'm ready to take a nap right now just thinking about him.

28) EYE TO EYE:
Look your interviewer in the eye when speaking to him/her and focus on every word. "Distracted Donnie" had a problem focusing on me during our interview. He kept looking outside the conference room at the people walking by. Are you being interviewed by more than one person? Make sure you respond to questions by alternating eye contact between the people interviewing you. It's important you keep them both engaged in the conversation.

29) BODY TALK:
Body language is just as important as verbal language. Don't speak with your arms crossed, as it may convey a lack of openness and honesty. If you talk with your hands, be conscious of your movements - it could be distracting. When the interviewer is speaking, lean in and express interest at what he/she is saying. Keep what I call, a soft smile on your face at all times. Nod your head in approval when you hear something you agree with or to indicate that you understand.

30) MAN IN THE MIRROR:
Mirroring is a technique some people use during interviews. Within the first few minutes, observe the interviewer's body language such as their facial expressions and tone and apply it to your own. Review their body posture and make adjustments to yours to match. The idea is that the hiring manager will like you because you are similar to them. Be careful though! You don't want it to seem as if you are mimicking the interviewer; or he/she would be offended. Your mirroring must be very subtle.
 
31) IT'S SO HARD TO SAY GOODBYE TO YESTERDAY:
"Tell me about yourself?" Has an interviewer ever asked you this question? "Talkative Tammy" didn't research the best way to respond. She began her answer with where she grew up as a child, where she went to elementary school, where she went to high school and so on. As you can imagine, it took her a long time to get to the present. Some candidates have a tough time figuring out how to answer this question. Here are some tips: highlight your most important accomplishments and how you can contribute to the company. Focus on the requirements of the position and how that relates to your background. Your most recent job is the best place to start. And keep it brief! You shouldn't recap every single detail of your resume and please don't start from the beginning of your life. We don't want you rambling on like Tammy.  

32) DAYDREAM BELIEVER:
Everyone has goals. The hiring manager may ask you to share them with him/her. Before you share your lifelong dream of opening your own business, make sure it doesn't conflict with the job you are interviewing for. Would you hire someone that plans to leave in a few years? This could be a red flag to the employer.
 
33) ARROGANCE:
Surely you think you're the best person for the job, right? But make sure you don't come across as arrogant.  A 2014 CareerBuilder survey said appearing arrogant was one of most common mistakes candidates made in interviews. If you are interviewing with other companies, don't brag about. If you think it will make you appear desirable, think again. It will immediately make them less interested in you.

34) TALK TO ME:
I've had my fair share of applicants who would not stop talking during the interview, but "Shy Sam" was the complete opposite. Sam gave very short answers. I had to prod him to get any details. Eventually he told me why he thought he would be a good choice for the position, but by that time I was exhausted. You may also encounter a hiring manager who is not talkative. He/she may only ask questions that require yes or no answers. If he/she does, you should make up for their shortcomings by elaborating on the answer.

35) NOBODY'S PERFECT:
You may be asked about a challenging event in your life or one of your negative attributes. You should be ready for this question. "I can't think of any" or "I don't have any weaknesses" are the worst responses you can give! Discuss with the interviewer ways you have improved or overcome a negative quality or a weakness. Don't pick a weakness that is a requirement of the job! That will hurt your chances of being hired. Make sure you keep your answers short!

36) QUESTION OF U:
A job interview is a two-way street. Not only are you interviewing for the position, but you should be "interviewing" the company as well. Is this job a perfect fit for you? Is this a place where you want to work? Near the tail end of the interview, the hiring manager may ask you if you have any questions. Have a few ready before the meeting. Some examples:  "How would you describe the culture of the company?" or "What are the qualities you are looking for in a candidate?" As the interviewer is responding to your question, you should listen closely to what he/she says and start crafting a follow up to his/her response. The idea is to piggyback off of his/her response and emphasize why you would be a perfect choice for the position. Make sure you ask some questions! If you don't, the hiring manager may think you are not interested in the company or the job.  
 
37) GETTING TO KNOW YOU:
I can't stress this enough - research the company you are interviewing with. My first year of college, I applied for an internship at Conde Nast. I was so excited when they called me in for an interview! My big mistake? I didn't fully research Conde Nast. I was interested in working at one of their fashion magazines, specifically Vogue. The interviewer picked up on that. She asked me: "What do you think about Bon Appetit?" I was stumped. I knew a lot about Vogue, but not Conde Nast's non-fashion magazines. I wasn't adequately prepared and it cost me the internship. 

38) TELL ME WHAT YOU WANT:
Just because you're thinking it, it doesn't mean you should say it. Why did you apply for the job? While you may have many reasons, you should have strong responses ready for the interviewer. Is it the reputation of the company? The diversity of its staff? I asked "Wrong Answer Wendy" why she wanted to work for my company. I also asked her why she applied for the job. Wendy's response was priceless. "I want to work here because it's convenient. I live a few blocks away, so it's close by." That's all she had to say. This is an important question you should be prepared for. 

39) EVERY BREATH YOU TAKE:
Do you know the name of your interviewer? If so, many experts advise applicants to research the person online and bring up details in the interview. I advise you to only bring up specifics if it relates to your discussion. "Creepy Carl" randomly brought up details about my professional background many times during the interview. I found it odd, because it had nothing to do with what we were discussing. I think he was trying to impress me with how much he knew about my work history. Instead of impressing me, it creeped me out. 

40) MY LIPS ARE SEALED:
When asked about a previous job, focus on the positive. Was your boss a control freak? Were you fired unfairly?  Don't use the interview as an opportunity to berate your previous employer. "Negative Norman" spent the better part of the interview saying how horrible his boss was. He also brought up two people who worked at my company and proceeded to talk badly about them. Norman's negative attitude sealed his fate.  

41) FOCUS: 
Focus on the interview and don't get distracted by your surroundings! Not only will you be judged by what you say, but what you do. "Freebie Freeda" marveled at all of the snacks in my company's  food court. "Is this all free?" she asked. I told her yes. She began putting some snacks in her bag and then started gushing over the peanut butter maker. "I love organic peanut butter!" she said as she herself meal of peanut butter with crackers. Freeda - the snacks are free, but it's not a free for all! 

42) THE RIGHT STUFF:
"Qualified Quincy" made all the right moves in his interview. He was friendly and personable. Quincy emphasized his qualifications and how he would perform in the role. He asked thoughtful questions about the company and the position. He had a bubbly personality and smiled throughout the interview. I knew within a few minutes that I wanted to hire him. Your goal is to make a good impression just like Quincy!

43) CALL ME:
Many companies schedule preliminary phone interviews before meeting in person. Companies use this tactic to weed out bad applicants. Prepare for the phone interview the same way you would prepare for one face-to-face. Make sure you are in a quiet room. If it's a video interview, present yourself as you would in person. And most importantly: speak clearly and don't interrupt the interviewer. "Rude Rhonda" constantly interrupted me throughout our discussion on the phone. Needless to say, I did not ask her to come in for an in-person interview.
 
44) SOMEBODY'S WATCHING ME:
If you think the interview is over after you step out of the conference room, think again! You are being evaluated from the moment you step into the building until the moment you leave. After our interview, I sent "Distracted Diana" to take a writing test. Diana has been in the news business for many years and knew a lot of people at my company. Every time Diana would see someone she knew; she would stop taking the writing test to say hello. Was that the reason she didn't finish the writing test in time? I don't know. But Diana was so focused on reconnecting with colleagues, that she left a bad impression.

45) BEAT IT: 
Know when it's time to go. If your interviewer is indicating the interview is over, be prepared for your exit. While you should ask questions, let's not go overboard! "Chatty Cathy" would not stop talking during the interview. The questions were coming a mile a minute and I could barely get a word in edgewise. Even when I thanked her for her time - she was talking. Even when I told her the interview was over - she was still talking. Even when I stood up to escort her out - she was still talking. Even when I shook her hand goodbye - she was still talking. I was so exhausted after interviewing her. 

46) WHO ARE YOU?
At the end of the interview ask for business cards from everyone who interviewed you. If they don't have business cards with them, ask for their name, title, email address and phone number. Confirm the spelling of their name and write all of the information in your notebook.

47) I WANT TO THANK YOU:
Send a thank you letter to everyone who interviewed you. Don't wait any longer than 24 hours. An email is fine, but a handwritten note is a nice touch - who writes letters anymore? Thank the interviewer for his/her time and express your continued interest in the job. Briefly highlight your experience and skills. Keep it short. 

48) DO IT OVER:
Did you flub an answer to a question during the interview? While the interviewer may have already made up his/her mind about your candidacy, all is not lost. Follow up with the interviewer via email or a phone call. Thank them for the interview and clarify your position on the question you flubbed. 

49) DON'T LOSE MY NUMBER: 
Don't expect to hear something about your candidacy right away. After the interview, hiring managers may still be looking at resumes and interviewing other applicants. He/she may also be reviewing the budget for the position  - something which takes some time.  Periodically reach out to the hiring manager via phone or email, expressing your continued interest in the role and hang tight. 

50) ALMOST DOESN'T COUNT:
You reached out to the hiring manager after the interview and still no word about the job? If some time has passed, it's ok to reach out again to him/her. Unfortunately, it's possible that the position has been filled. Some companies do a good job of letting applicants know when someone has been hired for the position. Some don't. Don't obsess over this job. Keep your options open and explore other opportunities.
 
SIMPLY THE BEST!
You aced the job interview and finally got the phone call you were waiting for. You just received a job offer! Congratulations! You can thank SAVED BY THE BELL for getting you to this point. In a future installment of SAVED BY THE BELL, we'll take a look at the right things to do after you get a job offer. But for now, celebrate your accomplishment!



You've just been SAVED BY THE BELL!

Friday, May 15, 2015

"Credit Reports"










 
Your financial health is just as important as your mental and physical health. Do you visit the doctor for your yearly check-up? You should do the same for your finances! Regularly monitoring your credit reports should be an important part of managing your financial health. SAVED BY THE BELL takes you through all the things you need to know when it comes to credit reports.
 


WHAT IS A CREDIT REPORT?
A credit report is a detailed summary of your financial history. The 2014 Consumer Financial Literacy Survey found that one-in-five adults (21%) were not at all sure about the specific types of information included in a standard credit report. So what's in it? You'll find basic details such as your name, social security number, date of birth, employment information, where you live and where you have lived. The report also has information on your credit accounts, how you pay your bills, whether you have been sued or if you have filed for bankruptcy. Have you ever been denied a credit card or a loan and wondered why? Credit reporting companies sell the information in your report to creditors, insurers, employers and other businesses - they in turn use the information to evaluate your applications for credit, insurance, employment or renting a place to live. 


CALL THE LAW:
The Federal Fair Credit Reporting Act (FCRA) is the main law for consumers and companies as it relates to the U.S. credit reporting system. It governs how credit bureaus maintain, share and correct information on credit reports. It was enacted in October 1970 - however, a 2003 amendment to the act gave consumers the ability to get a free copy of their credit reports yearly from each of the three major credit bureaus.

SAVED BY THE BELL QUICK TIP:
That's right! Thanks to the FCRA, you are entitled to one free credit report a year from the three credit reporting companies - Experian, Equifax and TransUnion. Just ask and you shall receive! The companies have a central website, telephone number and mailing address where you can order your free annual report. Visit AnnualCreditReport.com, call 1-877-322-8228 or mail your request to Annual Credit Report Request Service, P.O. Box 105281, Atlanta, GA 30348-5281. Don't contact the companies directly.  They are only providing the free annual reports through the website, the phone number or the mailing address listed above.



HEY, LOOK ME OVER:
When was the last time you looked at your credit report? Many Americans ignore it completely. A recent survey from Bankrate.com found that 35% of consumers say they have never reviewed their credit report for errors or signs of fraud. Individuals age 65 and older were the worst offenders, followed by people aged 18-29. Why are people ignoring their credit reports? The 2014 Consumer Financial Literacy Survey found that 33% of consumers didn't order or receive a copy of their credit report in the past 12 months, because they didn't know how they could get it or why they should get it.

SAVED BY THE BELL QUICK TIP:
While you are entitled to receive one free report from each of the credit reporting bureaus, you should review your credit report at least two to three times a year. Why? Not only does it help verify the accuracy of the information in your credit report, it's the best way to find out if you're a victim of identity theft.  Identity theft occurs when someone uses your name, Social Security number, date of birth or other identifying information to commit fraud. Suspicious activity or accounts you don't recognize on your credit report are red flags. The Bureau of Justice Statistics says 16.6 million people experienced identity theft in 2012. If you already received your free yearly credit report, you can order your report directly from the credit reporting bureaus. The Consumer Financial Protection Bureau says by law, a credit reporting company can charge you no more than $12.00 for a credit report.



WHO AM I?
When filling out requests for your credit reports, you will have to enter personal information such as your name, Social Security number and address. You will also be asked certain questions that only you should know - such as your mortgage payment, where you used to live or information on some of your credit accounts. Each company may ask you for different questions because the information each has in your file may come from different sources.

SAVED BY THE BELL QUICK TIP:
Make sure you have some of your personal records on hand when preparing to answer the security questions.  If you answer any of the questions incorrectly, you will be prevented from requesting your credit report online from the respective credit reporting bureau. This is to prevent a potential thief from accessing your account. But all is not lost! You can still request your free annual credit report by mail. In order to verify your identification and address, you will asked to send one copy of an identity card (Social Security card, pay stub with Social Security Number or W2 form) and one copy of proof of address (driver's license, rental or lease agreement/house deed, pay stub with address or a utility bill - gas, electric, water or cable.) Send your request to the Annual Credit Report website: Annual Credit Report Request Service, P.O. Box 105281, Atlanta, GA 30348-5281.



FIGHT FOR YOUR RIGHT:
As part of the FCRA act, you should be aware of some of your major rights. Did you know that consumer reporting agencies are required correct or delete inaccurate information listed in your credit report usually within 30 days? You must also give consent for your reports to be provided to employers. Consumer reporting agencies are also not allowed to report on any outdated negative information more than 7 years old or bankruptcies that are more than 10 years old.  For more information on your additional rights, visit www.consumerfinance.gov/learnmore. You are also provided with a list of your rights under the FCRA act when you obtain your credit reports.
 
SAVED BY THE BELL QUICK TIP:
When I order my credit reports, I print them out. It's easier for me to look through every detail when it's printed, rather than viewing the documents on a computer. Should you request all three of your reports at the same time? If you're making a big purchase - such as a home or car - it makes sense to get all of your credit reports at the same time. That way you can review the reports closely to see if there are any errors. You wouldn't want a blemish on your credit report to keep you from what you want to buy! If you are not planning a big purchase, then you should consider staggering your requests. By spreading out when you receive the credit reports, you can be on the lookout for any suspicious activity throughout the year. Try requesting one report every three months. Mark the dates on your calendar or set up alerts on your smartphone to remind you.

 
 
MAGIC NUMBER:
Free credit reports do not contain your credit score, although you can purchase it for a fee from the three credit reporting bureaus. Even so, your credit score is an important number to know. Lenders use the number to assess the risk you pose to them before they decide whether they will give you credit. While the credit bureaus all have their own credit scores, the FICO (Fair Issac Corporation) score is the most widely used credit scoring system. FICO assigns consumers a number between 300 and 850. The higher your score, the less risk you pose to creditors. A high FICO score is beneficial if you're applying for a mortgage loan. Not only will lenders offer you lower interest rates, but also more loan choices.   

SAVED BY THE BELL QUICK TIP:
Interested in getting your credit score? Credit reporting bureaus may offer you your score for free, with strings attached. For example: you can order your credit report and FICO score for $1 from Experian. As part of the deal, you will be given a 7 day trial membership in Experian's credit monitoring service. If you aren't interested in the membership, make sure you cancel the service before the 7 day trial is over! Otherwise you will be charged $21.95 a month.  
 
 
 
IT'S A MISTAKE:
Have you ever seen an error in your credit report? A 2012 study from the FTC found that 26% of consumers identified at least one potentially natural error on at least one of their three credit reports. The FTC released a follow up to that survey this year. It found most consumers who previously reported an unresolved error on one of their three major credit reports believe that at least one piece of disputed information on their report is still inaccurate. 
 
SAVED BY THE BELL QUICK TIP:
It doesn’t cost anything to dispute mistakes or outdated items on your credit report. You can do it yourself and don't need to hire a lawyer. Tell the credit reporting company, in writing, what information you think is inaccurate. Credit reporting companies must investigate the items you question within 30 days of noticing the error. When the investigation is complete, the credit reporting company must give you the results in writing and a free copy of your report if the dispute results in a change. If the investigation doesn't resolve your dispute, you can tell the credit reporting company in writing that you dispute the item in your credit report. Include copies of documents to support your position. Not sure how to format the dispute letters? The FTC has sample letters at www.consumer.ftc.gov.



FREEZE FRAME:
Security is important when it comes to the information contained on your credit report. If you're concerned about identity theft or someone gaining access to your credit report, you should consider putting a freeze on your credit report. A freeze prevents a thief from making charges on your existing accounts or opening new accounts under your name. A credit freeze is unlike a fraud alert. While a credit freeze will lock down your credit, a fraud alert allows creditors to get a copy of your credit report as long as they take steps to verify your identity.

SAVED BY THE BELL QUICK TIP:
Contact each of the three nationwide credit reporting companies individually if you want to freeze your credit report.
Equifax: 1‑800‑525‑6285 - www.equifax.com
Experian: 1‑888‑397‑3742 - www.experian.com
TransUnion: 1‑800‑680‑7289 - www.transunion.com
 
The fees for adding and lifting a credit freeze vary depending on your state. They commonly range from $5 to $10. It's important to note the full impact of freezing your credit report. The hold on your credit report will not only prevent others from opening accounts in your name, but it will also prevent you from doing so. So if you plan to open a new account, make sure you postpone the freeze or lift the freeze temporarily. Even after you freeze your credit report, it doesn't mean you're in the clear! The freeze doesn't guarantee you won't be victimized by someone who already has your password or account information. You should continue to monitor your bank and credit card accounts for fraudulent activity.
 
 
 
GOT TO BE REAL:
In 2005, a report from the World Privacy Forum (WPF) warned consumers ordering the federally mandated free credit report online. The WPF urged consumers not to be confused with advertised "free" credit reports that cost money. At that time, the WPF identified and tracked 233 domain name registrations that used the words "annual credit report" in some combination or variation.  Ten years later, I wonder how many additional "dummy" websites are out there?


SAVED BY THE BELL QUICK TIP:
The FTC says AnnualCreditReport.com and the nationwide credit reporting companies will not send you an email asking for your personal information. Be wary of any site that asks you for your credit card number to receive a "free" report. Some sites will have you sign up for a "free report" that will automatically convert to a paid service, such as credit monitoring. If you forget to cancel the subscription before the trial period ends, your credit card will be charged. Also exercise caution when typing in the address for the federally mandated website. Slowly type AnnualCreditReport.com directly into your browser. Make sure you spell it correctly. Some imposter sites take advantage of misspelled URLs. If you type in the wrong address, you will be directed to fake websites. Have you been fooled by one of these imposters? File a complaint with the Federal Trade Commission or your state Attorney General. 

You've just been SAVED BY THE BELL!

Friday, May 8, 2015

"Long-Term & Short-Term Disability Insurance"












If you were unable to work due to an injury or illness, would you be able to pay the bills? Chances are you aren't prepared! The Council for Disability Awareness says if you're like most Americans, you don't have disability insurance or enough emergency savings to last almost 35 months. That's the duration of the average long-term disability claim. Studies show that a 20-year-old worker has a one-in-four chance of becoming disabled before reaching 67 - the full retirement age. SAVED BY THE BELL is here to save the day! We will take a look at two types of insurance you may need if you are ill or injured: long-term and short-term disability Insurance.
 
 
 
LONG-TERM DISABILITY INSURANCE:

Q: What is long-term disability insurance?

A: Long-Term disability (LTD) insurance replaces some of the wages lost by people who cannot work because of a disabling injury or illness that is not work-related. It's called long-term disability insurance because it lasts for the length of the disability or until retirement. The Council for Disability Awareness says musculoskeletal and connective tissue disorders -- including neck and back pain, joint, muscle and tendon disorders and foot, ankle and hand disorders -- were the leading cause of new long-term disability claims in 2013. 

SAVED BY THE BELL QUICK TIP:

The amount you pay for disability insurance can depend on your gender, age, health or history of smoking. While you can't change your gender or your age, you can lower your odds of becoming disabled by improving the things you can change. If you smoke, make quitting a priority. Visit your doctor regularly - not just when you aren't feeling well. If you're carrying extra weight, try to lose it. Those extra pounds can raise your blood pressure and increase your risk of a heart attack. While drinking in moderation is fine, excessive drinking can lead to liver damage. Regular exercise should also be a part of your health regiment. It will help prevent heart disease, obesity, cancer and high blood pressure.



Q: How much coverage does long-term disability provide?

A: There are two basic categories of long-term disability insurance: employer-sponsored and individual private. Employer-sponsored group long-term disability insurance is a disability program offered by your job through an insurer. The insurance typically covers at least half of your salary at the time of signing. Most policies also have a cap - meaning you will receive a maximum benefit amount each month. The typical benefit period is until age 65. Meantime, individual private long-term disability insurance policies typically cover about 60% of your salary, or more. Before benefits are paid, both employer-sponsored disability and individual private insurance have what is called an "elimination period." This is the period of time the insured must wait before he/she receives benefits. With both policies, the waiting period could potentially up to 6 months or more. Why do you have to wait so long? The insurance companies have the long waiting period to prevent fraud. How long a policy will pay benefits and how much you will get paid depends on your policy. Individual private long-term disability insurance policies are offered by companies such as The Hartford, MetLife, Aetna or Mutual of Omaha.

SAVED BY THE BELL QUICK TIP:

If you're shopping around for a LTD policy, make sure you sign up for one that is non-cancelable and has a cost of living adjustment. A non-cancelable policy means it can't be canceled by the insurance company, except for nonpayment of premiums. This gives you the right to renew the policy every year without an increase in the premium or a reduction in benefits. A cost of living adjustment is also a must have! If you select this option, it will increase your benefits over time based on the increased cost of living measured by the Consumer Price Index.



Q: How many private industry workers receive long-term disability insurance?

A: The Bureau of Labor Statistics (BLS) says 33% of private industry workers took part in LTD insurance in 2014.  After declines in 2009-2011, the Council for Disability Awareness (CDA) says companies it profiled reported slightly more than 214,000 employers offered LTD plans to their workers.   

SAVED BY THE BELL QUICK TIP:

If your employer provides LTD insurance, consider signing up for it rather than purchasing individual private disability insurance from an outside insurer. If you buy disability insurance from your job, it is typically cheaper. While the private disability insurance may cost you more, it does have more flexibility. It's not tied to your job, so you will always have it even when you leave you current place of employment. The CDA says 57% of working adults report having no private disability insurance.


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SHORT-TERM DISABILITY INSURANCE: 

What is short-term disability insurance?

Short-Term Disability (STD) insurance replaces some of the wages lost by people who cannot work because of a disabling injury or illness that is not work-related. It's called short-term disability insurance because it typically covers short periods of time ranging from 30 to 365 days. According to a report from disability insurer Unum, the top reasons for short-term disability leave are pregnancy, injury, joint disorders, digestive issues and cancer.

SAVED BY THE BELL QUICK TIP:

Did you have a pre-existing condition before you signed up for disability insurance? Most policies have a pre-existing condition exclusion that prevents you from obtaining insurance coverage for any condition you were treated for or that you knew about or should have known about prior to the effective date of the policy. Keep in mind: STD and LTD insurance isn't the only disability protection available. Depending on the nature of your disability, you may be eligible for Social Security Disability Insurance (SSDI) or Worker's Compensation. Note: SSDI only pays for total disability - meaning you are unable to work at any job. Because of the high criteria, there is also a lengthy application process for this type of insurance. Worker's Compensation only pays if you are injured on the job. If you are injured while working, make sure you report the injury to your supervisor immediately.



Q: How much coverage does short-term disability Insurance provide?

A: STD Coverage pays a percentage of an employee's salary for a specified amount of time and usually starts anywhere between one to 14 days after an employee suffers a condition that leaves them unable to work. While some employers may offer short-term disability as part of a compensation package, California, Hawaii, New York, New Jersey and Rhode Island are the only states that require employers to provide short-term disability insurance.

SAVED BY THE BELL QUICK TIP:

Most STD policies work the same. Either you or your employer will pay a monthly premium to be covered. If STD is offered by your job, be aware of your company's conditions. Employees are typically required to use their sick time before the STD insurance kicks in. There is also usually an employment requirement - meaning you have to be working at the company for a specific amount of time or a work a specific number of hours each week in order to be eligible.
 
 
 
Q: How many private industry workers receive short-term disability insurance?
 
A: The Bureau of Labor Statistics (BLS) said in 2014, 39% of private industry workers took part in STD insurance. Some STD policies are paid by employers and offered as a benefit plan.
 
SAVED BY THE BELL QUICK TIP:
 
STD insurance rarely pays an amount equal to your full salary. Think about it - would you return to work if it did? Overall, disability affects lower income Americans the greatest. The Census Bureau says almost 34% of individuals that earn less than $15,000 have a disability. So now it's time to think about your other sources of income. If you're married and your spouse works, you can take his/her salary into consideration.  As you will have less money coming in, it's also time to revise your budget. Take a close look at all of your expenses and cut back on spending wherever you can. Do you have money saved up in an emergency fund?  You can use some of those savings in conjunction with the STD insurance. As many of you know already, my rule of thumb is to have 8 months of expenses saved up for emergencies. If you have chronic health issues, you should put even more money aside just in case. It's better to be safe than sorry!

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Are you prepared if you become disabled? Find out your chances of becoming disabled and what income you have to lose by visiting the Council for Disability Awareness website at  disabilitycanhappen.org.


You've just been SAVED BY THE BELL!