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Compared to cash contracts, which require payment against the physical delivery of goods immediately or after a specified period, a futures contract is a special type of agreement made strictly under the rules of a commodity exchange, which may or may not call for the actual delivery of goods and payment in cash on a future date.

According to Emery, a futures contract can be defined as a contract for the future delivery of some commodity without reference to specific lots, made under the rules of some commercial body, in a set form, by which the conditions as to unit of amount, the quality and time of delivery are stereotyped, and only the determination of the total amounts and the price is left open to the contracting parties.
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Change is never easy, and amendments to Texas Law have seen the Health Insurance market explode with a multitude of health plan options. While more competition is always a good thing, it can sometimes be very confusing to consumers who want to get the best deal, but are confused by the sudden array of choice.

There is also the added confusion that not all health plans have to contain all benefits, meaning you’ve suddenly got a whole lot of policies that may or may not contain the things you need. Insurance carriers still do have full health insurance plans, but the advantage of this new flexibility is that consumers can choose which benefits they would like to pay for. This means insurance that is tailored to your needs that won’t break the bank with costs for things you don’t want or need.

You now have the choice between State Mandated Plans and Consumer Choice Plans. Consumer Choice plans will still include things that the State has determined must be included, such as Alzheimer’s and Pregnancy Complications.

The health coverage tax credit program is also available to help certain individuals pay for insurance, this can make health insurance much more affordable if you’re eligible. If you’re on a pension you’re likely to qualify, as well as if you are a displaced worker.

There is also the choice between Fee-for-service plans, and Managed Care plans. Managed care plans may be cheaper as may be required to go to the health care professionals that the insurance company dictates, where as Fee-for-service plans allow you to go anywhere you want. Read the rest of this entry »

Hopefully, you’ve already read Part One of these tips for organizing your school fundraiser. A smart plan can make your school fundraiser much easier. Here are some other considerations:

Using a consultant
Consider using a fundraising consultant to assist your organization with larger fundraisers, first-time events, or mission critical efforts. Among the benefits of using professional help are the following: increased market penetration, increased sales per client, higher average sales volume per participant, and smoother logistical flow.

Use a fundraising consultant to take the hassle out of organizing your event and put the “fun” back in fundraising again.

Protect your reputation
Offer only high quality products. Remember that no one feels good about overpaying for something or getting shoddy merchandise in return for a contribution. Take the high road and build loyalty within your customer base.

Profit percentage
Place less emphasis on the percentage profit offered by the supplier and focus more on the total net profit generated. Higher unit prices will mean higher total sales revenue and often, higher profits per customer.

That’s not to say that percentage isn’t important, but consider other factors as well. Look at whether sales incentives are included, hidden costs that may arise, sales brochures that cost extra, poor quality merchandise that can hurt future sales, and so on.

Incentives
Rewards will increase participation and that can positively effect the net proceeds from your efforts. The quality of the incentives is an important motivator. If appropriate, consider rewards from among the products you’re offering. Look to local merchants for supplemental prizes.

Insist on best value
People will be more inclined to buy if you’re offering quality goods at the right price. Higher-priced goods will actually generate more net from each sales transaction to your organization than the cheap stuff that offers a higher percentage profit to your group.

Price points
Many times, different organizations conduct similar fundraisers at coincidental times. Make sure that the prices asked are comparable to other fundraisers in your community. Check prices ranges via the Internet and with other nearby organizations. Look at other catalogs, retail merchant pricing for similar goods, and trust your gut instincts.

Beware of perfuming the pig
There’s an old saying about making a silk purse out of a sow’s ear. It means that someone is trying to assign a higher value to an item than it is worth. Another phrase often used to reference the deceptive selling of overpriced goods is “perfuming the pig.”

If you overcharge your customers for common items, they’ll resent it, consciously or subconsciously. Compare results with records from past fundraisers to check what price points were offered before on similar items. Be certain to give fair market value for the items your group is offering. You want those customers back the next time, don’t you?

Setup calling trees
Once your fundraiser has begun, don’t forget to utilize your calling tree for immediate feedback. Ask if there are any problems, check on initial reaction from participants and their families, keep the enthusiasm level high, and don’t let your initial positive momentum slip away. Regular polling of team leaders and participants will keep you informed.

Doubling Up
Double check all order forms and check payments to be sure they’re correctly filled out. Double-team all money handling facets of the fundraising process. Have double dates (makeup days) planned in advance in case of inclement weather or other unforeseen delays on delivery day.

Use co-chairs for each mission critical function. Cross train on all tasks. Keep duplicate records of important details in a different location as part of your backup plan. In the world of technology, this is called disaster recovery or disaster prevention. Double count all deliveries coming in and going out.

Record Keeping
Accurate records are a lifesaver and a source of information for future fundraisers. Follow audit guidelines just as if you were a small business. As a non-profit organization, you have to be able to document the source of your funding as well as how those funds were spent.
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Debt is one of the most common and devastating things that people find themselves in life. It saps your energy and decreases your control over the future. Basically you are a slave to your debt literally and it has a way of winning out. People get into debt for all sorts of reasons. Some make poor decisions but most people are just plain unlucky and get hit with an unexpected and huge bill at just the wrong time. The great thing is that many of the people who offer debt help have been over their head in debt before and know exactly how to get out from under that crushing load. They know that you aren’t stupid and will treat you with respect as they lead you along the proven path to freedom in your budget once again.

So my advice to you, if you are just starting the downward spiral and want help avoiding compounding your errors, or you have already hit rock bottom and are desperately looking for a way out, get someone you can trust and who knows what they are doing to give you good debt help. What I want to do now is give just a few tips that any sensible debt advisor would give you to get you on your way to financial security.

First form a budget that fits your income and stick to it. This is the most simple thing to teach in debt help, but turns out to be the most powerful because people have never learned. People have no idea how much is coming in and how much is going out and absent mindedly spend more than they make. It is a natural phenomena and the only way to avoid it is to map it out clearly so you can see the effect of your decisions clearly.
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