8 Money Lessons to Learn Before You Turn 40

Category: Credit Matters
Published: Saturday, 21 February 2015
Written by Admin

Reaching your fifth decade is a milestone, and hopefully you have learned a few things on the way. Here are some of the important financial lessons that are good to learn before turning 40.

1. Keep Your Housing in Check

Since the median age of first-time homebuyers is 31, you've likely already bought a home. If you haven't, now could be a good time to consider whether renting or buying is the right choice for you. One of the most common mistakes first-time homebuyers make is committing to more house than they can afford. It's important to look at your budget realistically and consider all expenses involved in owning a home before you shop for property. (Here's a home affordability calculator that can help you make the right decision.)

2. Get Insured

Although you may have skated by in the beginning of your adult life counting on your youth and health, it's important to consider insurance -- from disability, health, home and car insurance to life insurance. It's a good idea to evaluate the policies you have to be sure you have the right coverage.

3. Be Cautious With Credit

Whether you had to work hard to dig yourself out of student loan debt or you made a poor choice on an expensive new car, you've likely learned how not fun it is to have to make large monthly payments to get rid of debt. It's important to live within your means and resist the temptation to bankroll your life with credit cards.

4. Plan Ahead

No matter how far off it may seem, getting started on or ramping up your retirement fund now will maximize the time your money has to grow. 401(k)s and IRAs are terms you cannot afford to ignore. It's a good idea to think about what kind of lifestyle you want to have in retirement and make sure you are putting away enough money to get you there.

5. Your Credit Matters

You are probably long past thinking you need to be concerned with credit only if you are about to finance a big purchase (say a home or a car). Keeping tabs on what's in your credit report (and disputing any inaccurate information) is just good credit hygiene. You are entitled to a free annual credit report from each of the three major credit bureaus. You can also see a free credit report snapshot every month on Credit.com. Your credit score is a three-digit number derived from information in your credit reports, and it helps determine the interest rates you'll pay when you borrow money and the types of credit cards and terms you can qualify for. Monitoring your credit score regularly can also alert you to possible fraud if your score changes dramatically, and you don't know why.

6. Emergencies Happen

Your checking and savings account are already accounted for, but by now unexpected things have probably come up and those surprises are almost always expensive. Experts recommend keeping three to six months of living expenses in an emergency fund so you can handle those surprises in the future without going into debt.

7. Budgets Work Only if You Stick to Them

Keeping track of your incoming and outgoing cash flow is imperative to financial success, but making a budget is not the accomplishment. It's important to make sure you are staying within the guidelines you have set or determining the reasons you may not be and how to fix it.

8. Ask Questions

Finally, by your 40th birthday you've realized you don't know it all. It's important to ask for help when you feel overwhelmed or unsure. If you need help on a specific topic, consider consulting a finance expert.

Related Articles:

  • How to Get Your Free Annual Credit Reports
  • What Happens to Your Credit When You Buy a Home?
  • The Lifetime Cost of Debt Calculator

This article originally appeared on Credit.com.

Business Events: Broward College hosts supplier diversity seminar

Category: Credit Matters
Published: Saturday, 21 February 2015
Written by Admin

Business Expo, 5-8 pm, Embassy Suits Hotel, Boca Raton. Biz to Biz Networking. 954-838-9644.

Financial Projections, 5:30 pm, Keiser University, 2085 Vista Parkway, West Palm Beach. Palm Beach SCORE workshop. 561-833-1672.

Quickbooks; Social Media, 6 pm, Keiser University, 1500 NW 49th St., Fort Lauderdale, Broward SCORE workshops. 954-356-7263.

Speaker Series, 7:30 pm, Broward Center for the Performing Arts, 201 SW Fifth Ave., Fort Lauderdale. Mark Halperin, managing editor of Bloomberg Politics, co-host and author. 954-462-0222. BrowardCollegeSpeakerSeries.com.

Feb. 19

Communications, 11:30 am, Zimmerman Advertising, 6600 N. Andrews Ave., Fort Lauderdale. First in a series: real-life examples of what its like to be a communications professional in a relationship with another communications profession. .

Women in Leadership, 5:30 pm, Boynton Beach Intracoastal Park Clubhouse, 2240 North Federal Highway, Boynton Beach. Hosted by the Executive Women of the Palm Beaches. EWPB.org.

Credit score, 5:30-7 pm, BrightStar Credit Union, 3175 N. State Road 7,Margate. Free Credit Matters workshop. 954-486-2728 ext. 5017.

Online Presence, 6 pm, Keiser University, 2085 Vista Parkway, West Palm Beach. Palm Beach SCORE workshop. 561-833-1672.

Strategic amp; Competitive Intelligence Professionals, 7 pm, Virtual Meeting via GoToMeeting. South Florida chapter presents:TOWS: A step beyond SWOT. 954-736-4428.

Feb. 21

Working Families, 10 am-2 pm, Urban League of Broward County, 560 NW 27th Ave., Fort Lauderdale. Orientation for access into Center for Working Families. Email This email address is being protected from spambots. You need JavaScript enabled to view it.. 954-584-0777.

Tax seminar, 5:30 pm, RMS Accounting, 2319 N. Andrews Ave., Fort Lauderdale. Tax tips. Free. 954-563-1269.

Submit and view networking, business seminars, trade shows and workshops at sun-sentinel.com/business/calendar/

Director of Business & Finance

Category: Credit Matters
Published: Thursday, 05 February 2015
Written by Admin

TITLE: Director of Business amp; Finance

DEPARTMENT: Admin amp; Business Operations

FLSA STATUS: Full-Time, Salaried, Exempt

REPORTS TO: President


The Director of Business amp; Finance oversees the day-to-day work of Poynters business and operations departments, specifically Special Projects, Finance, Human Resources, Information Technology, Customer Service and Facilities. Provides guidance to leaders of these units. Advises the President on matters involving these areas, and coordinates their activities with the Vice President of Academic Programs and other department heads. Serves on the Finance Committee of The Poynter Institute Board of Trustees, and acts as the secretary of the full board.

The Director of Business amp; Finance designs, directs and manages financial activities, finance personnel and financial systems of the Institute. Assists the President in developing strategic, financial and operational plans to achieve short and long-range corporate goals. Prepares and directs financial statements, forecasts and budgets. Develops and implements policies and procedures to achieve financial and operational objectives.


  • Works with the President to manage Poynters budget and financial activities, focusing on both strategic direction and ongoing management of income and costs.
  • Collaborates with the Human Resources manager to ensure the maintenance of policies and practices that create a safe and productive work environment; salary and benefit offerings that attract excellent staff while meeting the Institutes budget goals; and innovative solutions to the challenges of a rapidly changing workplace.
  • Oversees the Information Technology departments efforts to provide Poynters staff, in a cost-effective manner, with appropriate tools and communications infrastructure for carrying out the work of the Instituteand to maintain those tools.
  • Manages facility and the facilities staff to maintain and improve the Institutes campus, ensuring that it offers our guests and staff a welcoming, safe, productive and memorable environment. Also, oversees capital improvements and purchases, strategic plans, and tenants who occupy the building.
  • Ensures the safety and environmental well being of employees, students, and visitors to the Institute as the Facilities Team Leader. Responsible for building upkeep via employees and vendor contracts. Reviews contracts periodically for cost and service control.
  • Directs activities of accounting department in preparation and maintenance of Institutes accounting books and records and all related accounting functions. Provides proper management and support of staff to allow fulfillment of department responsibilities.
  • Compiles and/or reviews financial statements, variance analyses and inventory records for reporting results of operations and treasury activities. Creates statistical reports for management of financial analyses. Provides financial information and trend analyses as required by Board of Trustees, department heads and other authorized users. Assures accurate recording of and reporting on assets, debt, and property owned. Provides appropriate financial information to other authorized users - banks, suppliers, employees, customers, the US Government (IRS, DOL, SSA) and state governments. Directs preparation of tax returns and government reporting.
  • Leads special projects as requested by the President or the Board of Trustees.
  • Manages operating and investment accounts. Formulates policies on credit matters and manages credit and collections activities for the Institute. Manages custodial and cash management responsibilities, including formulating and recommending policies on banking, receipt and disbursement of moneys and payment of payroll.
  • Plans and directs annual budget. Coordinates, in conjunction with President and Vice President of Academic Programs, Institutes strategic, capital, cash flow and operational plans. Plans and manages budgeting system. Works with department heads to coordinate their planning of annual objectives. Provides reports and reviews procedures to monitor progress against budget plan at all levels.
  • Establishes and implements internal control structure to protect assets. Oversees year-end audit by independent accountants.
  • Ensures compliance with regulations of governmental agencies. Has knowledge of current accounting principles and practices. Administers operating and investment plans and standards. Determines entity is satisfying all regulations by governmental agencies. Ensures implementation of Title VII/CRA64.
  • Works with insurance broker to ensure there is adequate insurance on property and other assets.
  • Reviews financial aspects of benefit plans including health, disability, life and travel insurance, retirement plans, workers compensation benefits, vacation, sick and holiday pay and educational assistance plan.
  • Oversees purchasing function (negotiation of contracts and purchase agreements with vendors).
  • Manages building tenant relationships including lease negotiations, development of new leads and ensuring timely rental payments.
  • Assists the President and business continuity team in creating and implementing crisis plans as the Business Continuity Team Leader.
  • Leads team for COE (Council on Occupational Education) reaccreditation.
  • Ensures Institutes compliance with government regulations regarding charitable registrations.
  • Serves on the Senior Leadership Team.
  • Meets regularly with the President and Vice President of Academic Programs.
  • Serves the Board of Trustees as Secretary.
  • Other duties as assigned.


SUPERVISION RECEIVED: Reports to the President.

SUPERVISION EXERCISED: Direct reports include the Staff Accountant, HR Manager, Teaching and Event Services Director, Information Technology Manager and Facilities Specialist.


Regular contacts concerning matters of major importance to the welfare and success of the organization. Very high requirement for tact, timing and persuasion.

INTERNAL: Frequent contact with direct reports, President, Vice President of Academic Programs, Assistant to the President and department heads. Regular contact with other staffers regarding accounting policies and procedures. Occasional contact with various Board of Trustees members.

EXTERNAL: Regular contact with bankers, CPAs, investment trustees, insurance agents and attorneys.


KNOWLEDGE amp; SKILLS: Requires advanced technical and administrative skills, basic clerical skills. High competence in field of accounting with advanced specialization. Exceptional Excel skills required. Knowledge of Macola ES a plus. Job requires flexibility, being a quick study, ability to juggle numerous tasks and think both strategically and analytically. Bachelors degree in accounting or related field, 3-5 years minimum experience in similar position. Having an organized mind as evidenced by a CPA or MBA credential is appropriate. Knowledge of accounting (financial statements, budgeting, internal control, GAAP, tax issues), accounting and budgeting systems, finance (cash management, investing, banking and financial planning), employee benefit plans (qualified retirement plans, insurance, government tax and employer regulations, IRS code, ERISA, COBRA, and risk management. Foresight, contract management, and ability to manage others are essential.

PROBLEM SOLVING/DECISION MAKING: Subject to the Presidents approval, has the last word on decisions emanating from all of Poynters business departments. Decisions guided by application of relevant laws and regulations; commitment to Poynters mission and a determination to act in the best interests of the Institute, its employees and those who seek to produce excellent journalism.

BUSINESS MEASURES: Outcomes measured by their impact on Poynters overall strategy, specific departmental goals, the Institutes financial performance and the effectiveness of Poynters programs in helping journalists improve their skills and work.

Management experience preferred.


PHYSICAL DEMANDS: Position requires sitting for extended periods, while at the computer and answering and placing telephone calls. Requires moving throughout the building and occasionally to outside business offices. Requires ability to work duplicating machine and other office equipment. Involves pushing or pulling of lateral file drawers approximately 20 lbs. Requires ability to communicate with other individuals (written and verbal) both inside and outside the company, examine printed paperwork, carry paperwork, and file paperwork in lateral cabinets. Additionally, sitting, squatting or bending at the waist is required.

WORK ENVIRONMENT: Duties are performed in a temperature controlled, non-smoking office environment. There are routine deadlines, disruptive work schedules and unpredictable events. On occasion, Director of Business amp; Finance may be required to travel on behalf of the Institute.

Salary depends on qualifications. No phone calls, please. EOE.

Email resume and cover letter to This email address is being protected from spambots. You need JavaScript enabled to view it..

Deadline to apply: February 6, 2015

Leveraged Finance Partner Ye Cecilia Hong Joins King & Spalding's New York ...

Category: Credit Matters
Published: Thursday, 08 January 2015
Written by Admin

NEW YORK, NY--(Marketwired - January 06, 2015) - Ye Cecilia Hong has joined King amp; Spaldings financial institutions and finance practices as a partner in the New York office. She formerly was a corporate finance partner at Kirkland amp; Ellis. 

We are looking to actively grow our New York finance capabilities and believe that Cecilia is a natural fit for our practice, said William H. Fuller, leader of King amp; Spaldings financial institutions practice. She has an excellent command of the leveraged acquisition market for both private equity sponsors and financial institutions. Cecilia adds distressed-financing and restructuring depth to our team -- particularly on the private equity sponsor-side -- and she handles borrower-side representations, as well. We are pleased to welcome Cecilia to the firm.

Hong focuses on complex, broad-based financing transactions for both public and privately held borrowers and lenders. She also has experience in banking and credit matters and in distressed-financing and restructuring transactions. Hong received her bachelor of law degree and masters in international economic law degree from China Foreign Affairs University (Beijing) and earned her LLM. degree at the University of Chicago. She is qualified to practice in China. A native of that country, she speaks both Mandarin Chinese and English. 

I am excited to join King amp; Spaldings finance practice, said Hong. I look forward to the opportunity to build my middle-market practice and contribute to the growth of the firms finance business in the United States and Asia.

King amp; Spaldings finance practice has more than 50 lawyers located in offices across the United States, Europe and the Middle East representing lenders, investors, funds and borrowers in finance and other commercial transactions. These include a wide array of investment grade and sub-investment grade credit facilities on both a syndicated and single-lender basis. King amp; Spalding was ranked 6th in the United States for lender representations in 2013, according to Thomson Reuters.

About King amp; Spalding
Celebrating more than 125 years of service, King amp; Spalding is an international law firm that represents a broad array of clients, including half of the Fortune Global 100, with 800 lawyers in 17 offices in the United States, Europe, the Middle East and Asia. The firm has handled matters in over 160 countries on six continents and is consistently recognized for the results it obtains, uncompromising commitment to quality and dedication to understanding the business and culture of its clients. More information is available at www.kslaw.com.

Image Available: http://www.marketwire.com/library/MwGo/2015/1/6/11G029653/Images/Hong_Ye_Cecilia_113523-1070085353504.jpg