According to the Advising & Learning Assistance Center, a good planner is reasonable, sets a workable schedule and anticipates possible setbacks ahead of time by being prepared. It takes practice and commitment to become a good planner, but planning skills can improve with time and experience.Know More
According to the Research Polytechnic Institute, effective planners delegate tasks when they can, aim to stay flexible and realistic with the scheduling process, plan tasks ahead of time and ask for advice from people who can help to fine-tune a schedule. Analyzing the amount of resources available and effort required to complete a task at any time makes it easier to set plans that go through without a hitch. A good planner avoids cramming his daily schedule with tasks to prevent stress overload. It is wise to begin projects far ahead of a deadline to be a more effective planner, and it also leaves time to alter a schedule if obstacles emerge.
Anyone can write down multiple tasks to complete, but a successful planner is able to set a solid schedule and complete it. Taking the time to prioritize helps to make better plans that ensure that crucial tasks are taken care of first. Using a paper scheduler, a smartphone app or an online scheduler are just a few ways to make plans and monitor them regularly. The ability to say no to a project or request that conflicts with an established schedule and knowing one's own physical, mental and emotional limits are key to effective planning.Learn more about Financial Planning
Some of the advantages of a living trust are being able to avoid probate and being able to name alternate beneficiaries to inherit property, says Nolo. Disadvantages of living trusts include the time they take to draw up and the amount of extra maintenance required when compared to a will.Full Answer >
Borrowing from a 401(k) account may be smart if the account holder has no alternative, a secure job, a valid reason and the means to repay it on time, states Bankrate. Drawbacks include loss of investment return and a possible tax penalty for late repayment, according to Nolo.Full Answer >
Capital income is income generated by an asset over time, rather than from work done using the asset, according to Investopedia. If a farmer buys land for a certain amount of money and sells it at a profit after one year, the difference in the prices is capital income.Full Answer >
A person can create a time-phased budget by charting a certain period of time and then allocating resources to that specific period, states 4castplus. This type of budgeting allows individuals and organizations to better understand resource expenditures during particular periods, or phases.Full Answer >