There’s no need to work so hard if you don’t know how to utilize what you earn. The money you earn should enable you to live a good life, pay for your expenses, and fund your investments. That is why you have to take care of the money you earn by ensuring that you put every coin you make to good use. However, there are several ways you could be losing money at work without your knowledge. If you identify them, you can put them to good use and acquire extra money for your different activities. Some of them include:
1. Not utilizing your vacation time
Most people do not utilize their vacating time. If you are one of them, you might be afraid that when they are away, one of your colleagues might do a better job and they might get a promotion before you.
What you might not know is that it is expensive not to utilize your vacation time. And, if you are afraid of going on a vacation for different reasons, find out how your employer can pay you during that period that you will still be working.
2. Not reassessing your market value
Several factors dictate your market value. It depends on your experience, level of education, expertise in your field, the market’s context, and your specific company. So, when changing careers, you should also adjust your market value. If you don’t, you will not negotiate for a better salary with your new employer.
Before negotiating your new salary with your prospective employer, use different apps that will enable you to determine how much you should get when you change your careers with the same education level, experience, and skills. While at it, include other skills that are associated with your new job. If you have good communication skills, leadership, and teamwork capacities, include them to know the exact salary you deserve when you get a new position.
3. Missing out on ‘secret’ jobs
By changing your job, you can get a better paying job with favorable terms. However, finding a job advertisement is rare, and by the time you apply, the opportunity might be gone. That’s because there are rare job opportunities, and most companies do not advertise their vacant positions. Instead, they fill them out by using word of mouth through employees and managers of other corporations.
Knowing about vacant positions in different companies requires a lot of connections. If you are looking for a job, inform your friends and family members, and word will go around that you are searching. After some time, they will connect you to a potential employee or company that will offer you employment.
4. Not securing your lunch
Noticing that your packed lunch is missing from the office fridge is annoying. That means you will have to request one of your friends to share their lunch with you or you might have to spend more money to buy packed food. If you have to buy a packed lunch, you will have to spend money you had not planned to spend.
To avoid extra costs, pack your food in a safe lunch box and keep it on your desk. You can also label your lunch box to discourage your colleagues from stealing it.