Free Beneficial Finance Tips

Handling your finances well during these times is of utmost importance. People are having a difficult time making ends meet with the rising cost of goods and the rising interest rates on home loans and auto loans- the fact that a lot of companies, and financial giants at that, are either closing down or cutting down on manpower. Much uncertainty hangs in the air in today’s economic scene giving rise to the need for beneficial finance advice not only for big investors but right down to ordinary folk trying to survive the daily grind. It would seem like hiring a personal financial advisor to help you make odds and ends of your current situation would be expensive and could cut your available financial resources even further down. Beneficial finance tips could be had for free.

There are experts who are all too willing to dole out advice online for free. It would be up to you, however, how to apply these beneficial finance tips to your particular financial situation. There are even sites that have downloadable worksheets that you can accomplish on your own to help you evaluate your current situation and then make out your very own financial plan. If you are to successfully weather out this financial storm, you have to have a financial plan that you should stick to and be faithful to. Free beneficial finance tips are nothing if you do not use it to draw up a financial plan to put your present and future finances in order. Some of these beneficial finance tips could be a challenge to follow especially if you have very little cash to work with. Just remember that even a little bit of money stashed away for the future will help you a great deal.

Why Is Public Finance Management So Important To Development?

In response to the Paris Declaration (2005) and the Accra Agenda (2008) leading to commitments for donors to channel more of their aid to developing countries through country systems, there has been a growing shift away from program and project aid – typically managed or overseen directly by the contributing development partner – to budget support where aid is channeled directly through the developing country treasury’s consolidated revenue fund account. As one might expect, as a consequence of this growing shift to budget support there has been a corresponding increase in donor focus on the performance of Public Finance Management in the countries that receive budget support. This is as should be, given the increased real or perceived fiduciary risks associated with the use of country systems to manage the hard earned taxes of the citizens of development partner countries.

But this is only one side of the story. Unfortunately there is not yet that much interest or appreciation in the other side of the story. On the other side of the story are the citizens of the developing countries who may suffer as a consequence of tinkering with Public Finance Management systems in the name of reform, which may only serve to undermine current weak systems and set them back even further. Public Finance Management seems inaccessible to most of us. Even where it is accessible to us we deem it to be boring, inconsequential and something only dreary accountants and auditors need bother about. But think, Public Finance Management is about our money, it is about our children’s future, it is about our development.
The importance of Public Finance Management and its reform derives as a consequence of its direct role in implementing policy – be it about improving education, achieving better health care, promoting tourism, or increasing agricultural yields. With weak Public Finance Management systems, even where policy makers come up with sound policy, it may not be possible to implement such policy effectively. Further, quite uniquely Public Finance Management performance affects the performance of all other sectors – yes the macroeconomic environment and so private sector opportunity and the service delivery in agriculture, health, education, transport, energy, public safety and the list goes on. When it works, all other sectors have a chance of succeeding; but when Public Finance Management fails all other sectors fail.

We as citizens of developing countries ought to be more concerned about who drives the agenda for Public Finance Management reform. Is it the IMF, as it imposes Public Finance Management Reform conditionalities that are not just tied to strengthening or improving budgetary systems, but are tied specifically to the adoption of particular reform approaches – despite such approaches having in some instances failed in more than one country. Is it the World Bank as it makes the adoption of integrated financial management information systems (IFMIS) the basis for support in reforming the Public Finance Management systems? Or is it the result of wide internal debate and consideration by the country citizenry influencing their elected leaders to address the basic things that they know do not work using approaches that are within the reach of our capacity rather than adopt reform methods that may not yet be appropriate to our circumstances?

This donor interest in improving Public Finance Management performance has led to immense pressure on countries to adopt new public management approaches. These have included (1) medium term expenditure frameworks (MTEF) often pushed to be implemented long before a country may have developed the capacity to make credible their annual budgets and even as developing partners themselves continue to struggle with their capability to disburse funds predictably in-year, more so as measured in a medium term perspective; or (2) the use of policy based budgeting such as program and activity based budgeting long before they have the institutional capacity to effectively coordinate programs, develop the fiscal space for meaningful policy consideration, or access the monitoring data to properly evaluate policy outcomes; or (3) the adoption of integrated financial management information systems (IFMIS) to manage expenditure which occurs across as many as thousands of spending units many of which still struggle with issues of staff retention, electricity supply or integration into a national financial administrative network. The challenges of managing at the level of spending units under an IFMIS implementation has led to a roll out strategy limited to treasuries (payment centres). Control over payments is often too late to impact on the accrual of expenditure arrears which can have important detrimental macroeconomic stability impacts; or (4) full accrual accounting even as financial reports based upon a cash accounting standard are not comprehensive, show signs of low data integrity and are issued late. A review of country experience across many developing countries who have adopted the new program management approaches in their Public Finance management reforms shows that these efforts have often not been successful by any reasonable measure.

The primary reason for this widespread Public Finance Management reform failure is often attributed to political economy considerations by developing partners – poor governance, high levels of corruption and the like. Of course that is part of the equation, but in contrast it is striking that there are cases of dramatic success of particular elements of Public Finance Management reform in such areas as debt management, certain aspects of revenue administration and public procurement in even what are considered the most corrupt developing countries. Is the political economy focus just another way of suggesting that the poor success record of many of these new public management approaches is solely the responsibility of the developing countries and has little to do with the immense influence that the donor community has had over in setting the Public Finance Management reform agenda?

Clearly, it is time to recognise that considerations of the different sides of the question as to what reform methods to adopt or whether Public Finance Management is, or should be, driven principally by the disbursement conditionalities set by donors; or arrived at through much wider debate and careful consideration by the citizenry and leadership of developing countries might lead to quite different conclusions. The consequence of wider discussion between developing country actors could lead to a more balanced, realistic, relevant and ultimately effective approach to Public Finance Management reform in developing countries.

How to Sell Cars: The Advantages of Auto Sales Training

By learning how to sell cars profitably, you will become a prized asset of any car sales company. The advantages of auto sales training are many, not the least of which are your improved reputation, increased sales for your firm and more money for you. What more could you wish for, particularly in the early stages of your career!

Far too many car salesmen and women these days are ignorant of how to speak to people wandering onto the car lot or into the dealer showroom. They don’t know how to persuade them to buy, and are ignorant of many of the features of the cars on the lot. That’s before we even think about finance options, service agreements and warranties!

What Auto Sales Training Teaches

This is where auto sales training that will teach you or your staff how to sell cars effectively and profitably will improve your knowledge and assist you in being more professional in your work. The first approach to a prospective buyer is very important, get that wrong and you have lost a sale. So too is being able to answer any questions asked about the vehicles you are selling. Show ignorance of your range, and you may as well wave bye-bye to a customer.

Auto sales training not only teaches you or your staff how to sell cars, but also how to keep prospects interested. Communication skills are critical in any form of sales, particularly where direct face-to-face contact with the customer is common. Such skills can be taught and learned, and by attending a car sales course you will leave the much wiser, better prepared and more capable of converting a prospect into a customer that before.

How to Sell Cars: Know Your Vehicles

Another major aspect of effective car salesmanship is knowledge of your vehicles. We are not only talking about the differences between brands and models, but also fuel types. “Would I be better with a diesel car or a hybrid?” Could you honestly answer that question accurately without blustering your way through it? Probably not, and then when the prospective customer adds electric cars, ethanol and hydrogen cells into the mix would you be lost or could you handle such technical questions?

“What types of finance are available, and which do you recommend?” Well – do you know what is best for this particular guy, or that young woman just starting her first job? How about commercial hire purchase, a novated lease or chattel mortgages? Are you aware of what these are – or even a finance lease? Were you asked about these would you even know what they were, let alone who would most benefit from them? Which of these options does your company offer?

What warranties are available on each car on your lot, and how many owners have each had? Even if you don’t know the answers to these questions there are ways of handling visitors who ask them. Don’t just shrug your shoulders and say “Your guess is as good as mine” – that will not win you many customers!

Learn How to Sell Cars Professionally

There are many advantages of auto sales training, not the least of which would be learning how to handle questions such as these. By learning how to sell cars professionally, you will build up a level of confidence that becomes very obvious to the potential customer. Not only will they listen to you, but they will be more likely to buy a car from you because you project an aura of trust.

Teach your staff how to sell cars properly. Send them on a course or run a course on your premises. Auto sales training will not only help you build up a staff that is confident and knowledgeable, but will also help improve your company’s performance. The better trained and more confident you and your staff, the more vehicles you will sell and the more money you will make.