40SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr I’ll admit that there is no such thing as a perfect financial plan. While it may be difficult to achieve perfection in our planning, there are things we can do to avoid making the big mistakes. Here are three examples of financial mistakes that people often spend decades trying to recover from: Thinking that you don’t need a budget (or it’s impossible to follow one for your situation)“I know that budgeting is important, it just hasn’t worked for me.”“It’s too hard to follow a budget.”“I have a general idea of where my money is going but not a written plan.”Similar statements are shared in financial planning meetings and during meaningful discussions between friends and family on a regular basis. We all have life goals and a vision for how we think our money should be aligned with those things that matter the most to us. The problem is that the lack of a budget is a major obstacle standing right there in the middle of our path. continue reading »
Sign up for our COVID-19 newsletter to stay up-to-date on the latest coronavirus news throughout New York After hours of contentious debate, Suffolk County Legislators approved a resolution Tuesday that encourages government entities to work together on large projects.The aim of the resolution, which was approved 10-7, is to speed up the process for Projects of Regional Significance, such as the Ronkonkoma Hub, because they affect more than one town and require cooperation among multiple government agencies to be successful.Opponents called it a power grab that would take zoning power away from local authorities and put it in the county’s hands.“No one is in favor of this,” exclaimed Legis. Al Krupski (D-Cutchogue). “It’s another layer of government imposed on planning and zoning initiatives. It’s red tape. It’s unnecessary.”The resolution encourages, but won’t require, town leaders to communicate and work together on Projects of Regional Significance. It requires membership in the Alliance in order to secure county funding for projects.Several lawmakers wondered if it’s necessary to pass a law that suggests officials talk to one another, and if they even had the authority to do so.Krupski also said the town supervisors that he spoke to about the proposal don’t support it. Legis. Lou D’Amaro (D-Huntington Station) shot back that if there are town supervisors against the resolution, it’s because they don’t understand it, they’re either misinformed, or uninformed.The resolution’s perceived vagueness was debated at length. Lawmakers called on Counsel to the Legislature, George M. Nolan, repeatedly to help them interpret certain sections’ meaning.Legis. William J. Lindsay, III (D-Holbrook) introduced the resolution in July to assist with the Suffolk County Master Plan. The Plan was adopted as a guide for future development and recognized that Projects of Regional Significance involve several levels of government entities.Proponents urged the Legislature to pass the bill as soon as possible to accelerate a billion dollars’ worth of projects already approved but awaiting funds to start work. Proponents contended that investors would rather spend their money in communities that can get projects done quickly, and that’s why Long Island’s willing investors are decreasing.The resolution’s other provision creates a list of prequalified consultants to perform work on the projects. This will eliminate the need for formal Requests for Proposals (RFPs) for such consultants.The bill now goes to Suffolk County Executive Steve Bellone.
Indonesia has cancelled the haj pilgrimage this year for people in the world’s largest Muslim-majority nation due to concerns over the coronavirus, the religious affairs minister said on Tuesday.Each year hundreds of thousands of Indonesians go on the haj to Saudi Arabia, where Islam’s two holiest sites — Mecca and Medina — are located. For many Indonesians, the religious pilgrimage is a once-in-a lifetime event, with the average wait time 20 years due to a quota system, according to the country’s cabinet secretariat.Saudi authorities have already said the haj and umrah pilgrimages — which attract millions of travellers from around the world — will remain suspended until further notice. Topics : Fachrul Razi, Indonesia’s religious affairs minister, said the decision to cancel hajj this year was made due to concerns over the coronavirus and ongoing travel restrictions.The quota for Indonesian pilgrims this year was 221,000, with more than 90 percent already registered to go, according to the religious affairs ministry website.Dewi, an employee of a telecommunications company in Jakarta and registered to perform the pilgrimage this year, told Reuters that while she had waited six years, she had made peace with the news.”If that is the decision, I will accept it,” said Dewi, who did not want to give her full name. “After all I believe that everything happens with God’s permission.”