Research : Contribution To Existing Research

According to CareerBuilder.com, a whopping 61% of American households lived paycheck to paycheck in 2009. That number is huge, especially since only 49% lived that way in 2008, and only 41% in 2007. Whether it is due to losing one or both household incomes or simply a reduction in the household incomes, the statistic is staggering. With families not able to adequately save for any unexpected expense that may arise, they are finding that more often than not there is more month than money. So what happens when the rent/mortgage payment is due, groceries need to be purchased, and then the car breaks down? For some, a small personal loan at a local bank is all it takes to get back on track. For many though, this isn’t an option, and they

List several of the "Strategies for Saving" that would be the most valuable one’s for you to help you with your financial situation? Why? I think the two Strategies for saving that would be most valuable to me are eliminating Doodads and paying myself first. After thinking about it I realized all the silly little things I spend money on that I don’t really need, by eliminating these things that money would really start add up that I could put into my savings each month. I also think paying myself first would help me to save a lot more. I tend to spend whatever I have in my account, I don’t spend what I don’t have, but even if I have extra I always seem to find something to spend it on. So by putting aside a certain amount of money into my savings account before I do anything else that money is already gone, and then I can budget my month with the remaining

I believe by having a plan in place and knowing exactly how much I need to save each day, week, month, etc. will help me to successful reach my savings goals.

Following the “Minnesota Career Information System” that Minnesota has a large employment with 9,582 firms for Computer and Information Systems Manager. There have many opportunities for me easy to get a job after graduating college. Moreover, I like to work on the computer to operate the whole system for a company. I also want to lead my team to bring more efficiently and create new computer hardware or software to promote my company development. My interesting career is a Computer Information Systems Manager that require at least bachelor’s degree and have experiment of working in Information Technology (IT) at least five years. Computer Information Systems Manager also allows people to organize system, communicate every day, develop and maintain products, and manage computer security. This is a popular occupation for people have passion in computer recently. Computer Information System Manager can work in a good environment, but they need to face conflict with many situations and high social interaction. This essay will describe learning about Computer Information System Manager from personal experiment, discuss career goals and related personal strengths, outline questions in research about this career, and provide on annotated bibliography research paper.

Five years post the Great Recession of 2008, Jennifer still makes out a weekly budget. She calculates her paycheck and expenses and leaves 50$ for gas and groceries and avoids frivolous spending. “It’s worth the wait for things. I consider whether I really need or I really want something” says Jennifer, 35, who lost her job, her car, her house and filed for bankruptcy in the last four years. These stories are common among many Americans who continue to practicing these money saving habits to keep financially afloat since the collapse of the housing market. Two trillion dollars of Americans’ retirement savings gone, 16.4 trillion of American household net worth vanished, global economies

For example, when you’re playing and thinking about the things that you will be able to buy with your millions of dollars that you will win, such as that trip that you have been planning your whole life. Even last week when my class and I decided to play the lottery; I was thinking about several many things that I will be able to buy with my millions. On the other hand, most people do not think about the money that they are spending on the tickets that they are buying. The little dollar that they are spending starts to add up against them; Think about the other things that you would be able to do with that dollar such as starting a savings account. Today, most people do not know the importance of saving money, it seems like the meaning of saving money has been lost. When I was growing up I always was taught to save money and not to spend your hard-earned money on frivolous things. I was taught to put half away because you would never know when you will need some extra cash.

I was surprised at the end of reading this article when I found out it was written by a research associate in the Community Development department of the Federal Reserve Bank of San Francisco, since her work involves her researching a range of issues aimed at improving the finances and ultimately, the health of people from low to moderate economic status. The writer, Laura Choi who studied economics and public policy at Berkeley, shows genuine concern for people who are struggling financially.

The study used statistical data that was significant to the accuracy of the results. Collecting data at different ages and conditions improved the accuracy of the information. The BSID and Chi squared test measures used to determine the norms of preterm infants were appropriate. The study provided data on mortality rates and handicaps of the children in the study.

Before the causes and resolutions are discussed, debt must be understood. Terry Herman, a financial advisor for Edward Jones, expresses this definition: “Simply put, debt is a product bought or a service utilized that you still have a financial obligation to” (Herman). To further that definition, debt is the borrowing of money with the entitlement of repayment with interest; this explains the financial obligation Herman expressed. While family members and friends may not enforce interest, interest would not demean the situation. The current consumer-driven culture has significantly increased the amount of personal debt from decades ago. A chart derived from statistics collected by the Federal Reserve and Bureau of Labor Statistics displays the climb of debt from $1,186 per person in 1948 to $10,168 in 2010 (Indiviglio). As shown, the increase over 62 years is approaching a factor by the multiple of nine. Consumers are clearly spending irresponsibly, which Herman manipulated into the “complete difference between an investment and expenditure” (Herman). An investment is something expected to obtain an additional value while an expenditure is unnecessary spending. Thus, consumers must be acquiring expenditures more frequently than investments.

Ten percent of US families are “Unbanked”, of which the underserved community accounts for 4% and, 17% are teen mothers and, 22% are victims of domestic violence. Did you know, male abusers use psychological tactics such as economic abuse (Lecia, 2014) on their victims, which may result in the victim’s inability to maintain gainful employment and financial independence? Studies have shown 52% (Brown & Robinson, 2015) of abuse survivors are unable to return to work, thrusting the survivors into poverty. Financial depression is the silent killer of many dreams and aspirations in underserved communities on a global basis. (The National Strategy for Financial Literacy , 2006). This is primarily due to inadequate financial management skills within these communities, being passed down from generation to generation. Although household net worth as a percent of disposable income has increased over the past decade, poverty in the underserved communities has rapidly increased. And, consumer debt has increased during 1989 to 2017, from 20% to 26% respectively, while debt was 29% higher in the underserved communities. (The National Strategy for Financial Literacy , 2006) Today, financial insecurity continues to threaten communities and economic prosperity, 2 out of 3 households lack sufficient savings for unforeseen circumstances and

b) Clients that allow their accounts to become delinquent will now be charged a late payment penalty fee. This will stimulate cash flow and also prevent late payments.

Our Life can hold major good or bad events that can put significant impact on our finances, and sometimes they have a tendency to occur without warnings Like Divorce and illness can come about unexpectedly, while marriage, pregnancy, expensive auto repairs, a family death, changing jobs and moving cities can occur at relatively short notice. All of these may require us a big adjustment in our personal financial or other aspect of our life. If you’ve not been saving money, then you’ll need to find ways to pay for these life events. Most of the time people tend to act fast and make bad dictions because of not having enough saved money for the circumstance.

Working together can make a difference because helping one another is the best way to help others in need. No one should deny working together. The smallest group working together can make the biggest difference.

The research topic is selected, the testable research question is developed, research on the topic is found, the literature review is completed, and a decision is made on the research design. Now, one of the most important steps in the research process to accomplish is the collection of data. Notwithstanding the research project and whether the method of research is whether qualitative or quantitative, data must be collected. Data collection is essential whether the method of choice is a mail survey, a telephone survey, an interview, an experiment, field research, or secondary data analysis. Data collection is an important aspect of any research study. Inaccurate data can impact the results of a study and ultimately lead to invalid results. During the data collection step, a significant amount of time, energy and attention are required. In order to ensure the data collection process is valid and successful, one should adhere to the four steps involved: (1) the construction of a collection data form which is used to organize all data that is collected; (2) the designation of the coding strategy used to represent data on a data collection form; (3) the collection of the actual data; and (4) entry into the data collection form (Salkind, 2012).

What I have learned about research is that it is a process, a scientific process that psychologist and scientist develop that includes many different approaches and that is carefully peer reviewed and evaluated. There is what is called the Scientific Approach where scientist have an idea or theory and based on their observation will either support the theory or the theory can be falsified by their peers. Data also goes through a review period before it is published in a scientific journal by scientist who have the knowledge and expertise to evaluate it.