Author Archives: Daniel Packer

We Switched Spousal Duties. Here’s What Happened

cliff jumping

At the beginning of this month, Lauren took over control of the budget. We didn’t change any of our expected expenses or change the allocation of funds to our various budget categories, but she was going to be in charge of staying on top of our finances and making sure we stayed on track. This has traditionally been my responsibility, and since I am obviously a big fan of personal finances, there hasn’t been much that Lauren needs to do. Typically, I’ll let her know if we’re spending an unusual amount in one category, or if we’re doing particularly well in another.

Lauren Dives In

On the first of the month, I gave Lauren some guidelines and gave her an opportunity to ask questions. I showed her what I typically do (check, and how our finances are run. Nearly everything is automated, from our credit card bills to our utilities. The only thing that isn’t is our cable bill (because at some point, prices will rise and I want to be aware of it instead of paying it automatically.

Since everything runs so smoothly, there really isn’t any manual action she needed to take. But every few days, I’d ask how we were doing and if there was anything we needed to change. The only out-of-the-ordinary expense we had was paying our car insurance bill, which happens once every six months. Everything else has been stable, and Lauren let me know that we’re under budget in our food category for the month, so we’ll likely go out before the end of the month to celebrate our recent success.

I Took Over Her Duties

This month was actually a very exciting month for us, as I got a new job! It’s in the same industry, but with a company that gives me more opportunities for growth and a shorter commute (among other fantastic benefits). As a result, I had a full week off to do whatever I wanted. And as it happened, Lauren started an externship the same week, so I was in charge of everything around the house. Of course, I did make some time to have a little fun, as you can see in the picture above. But in the afternoon, I would prepare dinner and clean up the way Lauren usually does before I get home from work. It was definitely a change from my normal pace, but it wasn’t all bad.

The Lessons We Learned

I learned that Lauren is much faster at cleaning the house and making dinner. It took me forever to chop up vegetables and prepare everything, so I am glad that she has perfected the kitchen. If it were my responsibility, we likely wouldn’t eat until 9pm on a regular night. But I must say I did a great job cooking and hosting a few friends on Friday night!

Lauren got a little more experience with our finances and a better idea of what all of our commitments are and how they affect the amount we’re able to save each month. I kind of treat it as a game to see how much we can have left over, whereas Lauren needs to pay for the things we need around the house. I think as she got more experience seeing just how quickly expenses add up, that how we prioritize our spending goes a long way toward achieving our financial goals

Have you ever switched responsibilities with your spouse?

What Do You Do in a Warehouse?

When looking for a job, you should consider all the positions that would suit your personal preferences and skills. And if you don’t know something about the position, ignoring it and looking for something more familiar is often not the best decision. For example, do you know what warehouse workers do? If not, read along, and if you like the description, research warehouse positions and apply for the one you like.

Basically, the job of warehouse worker vary depending on the type of warehouse and what is stocked there, but the main tasks for every kind are organizing, selecting and processing merchandise. One more could be filling the orders, which mean the person has to find items in the bulk storage and prepare them for shipping. The ability to operate heavy machinery like forklifts is most like essential for the job, but understanding electronic systems and computer database is as important.

Organizing Inventory

Warehouses usually serve as storage facilities for numerous companies that sell goods. Basically, all the items are shipped to the warehouse from manufacturer or farmer, and from there is makes the way to shops and customers. And for the people working at the warehouse organizing everything in the way it can be found easily when needed is one of the most crucial tasks to accomplish.

Shipping and Receiving

Before the organization of items can happen, goods have to be processed into the warehouse. This is usually done via truck or cargo ships that are unloaded in special receiving docks. Workers catalog everything that is in the shipments and determine where they should go or what is going to happen to them.

Things go out of a warehouse as well. Whenever the customer places an order, or the store needs to be restocked, staff pulls things out of the shelves and packs them for the delivery. This usually happens in several steps – first of all, manager would fill out a requisition order where the exact things needed are specified, and checks if the items requested are in stock. After that he or she would assign people to actually go and get the items from the stock floor. It is usually the third party people who check the order for accuracy and then package the things for shipping.

Clean-Up Tasks

Receiving and unloading goods can generate serious amount of waste, and someone has to clean it all. Some employees are tasked to clean up shipping and receiving floors and organize trash.

How Should I Make Pension Investment Choices?

It’s never too early to start thinking about saving for your pension. It’s recommended that you start paying into your pension fund as soon as possible, so that you have a sufficient amount of money to live on once you reach retirement age. If you’re interested in making your pension contributions work as hard as possible for you, it’s important to look into investment options for your money.

Do I Need to Make My Own Pension Decisions?

If you have a stakeholder pension or a personal pension, you will usually have to make your own pension choices. This also applies to people who put money in a workplace defined-contribution scheme. Most pension providers will try to make your investment choices as simple as possible, and there’s often a default option so if you don’t make an active decisions, your pension will be invested in a broadly-appropriate scheme. If you’re a member of a workplace defined-benefit scheme, you can rely on your employer to take investment decisions and risks to help you get the amount of money promised by the scheme.

Main Pension Investment Options

Investment funds usually invest in a number of key categories of asset, including cash, bonds and shares. Look for an investment fund that broadly offers the investment strategy that you’re interested in. Details like the choice of specific assets will be handled by the fund’s investment professionals. Most people choose between funds that specialise in specific assets and those that invest in a mixture of different assets. Spreading and diversifying your investments is an excellent strategy for managing risk, and some people even decide to divide their pension savings between a range of specialised funds. Another option to consider is the ‘lifestyle fund’. This type of fund will move the balance of your investment into less risky options (bonds and cash) from higher yield, higher risk investments like shares as you near your retirement age. This allows you to take financial risks with your pension when you’re younger, but consolidate it safely later on.

Key Considerations When Choosing Investment Options

Always invest in shares, unless you’re close to retirement age. If you have a large pension pot, you should get in touch with a specialist wealth management service like James Hay Partnership. A larger amount of money will require more careful management, more diversifying and more complex financial decision making. Before you decide on any one pension fund, check how much a couple of different funds charge. You can shop around for the best deal, just like with car insurance or a personal loan. Remember to review your investment choices regularly, including each time your personal circumstances change.