Small businesses dodge layoffs with four day weeks and cooperation
In a bleak Detroit area, Jim Brady and staff trialed a four day week with every other Friday off to cut payroll about 20 percent while maintaining service. Experts urge inclusive cost cutting, unpaid leave, and non essential savings to preserve morale and jobs.
MENTIONED IN THIS ARTICLE
Jim Brady
Detroit
Nt York
Brady
Diane Arthur
Arthur
Arthur Associates Management Consultants Ltd
Northport
Safeguard cash on vacation for safer travel
Experts advise travelers limit carry to two credit cards or one card and one debit card, notify issuers of travel, and consider traveler's checks as a backup. For abroad, buy 100 in local currency beforehand and use a money belt with only limited cash exposed, keeping extra funds in a separate wallet.
MENTIONED IN THIS ARTICLE
Nancy Dunnan
Travelsmartnewsletter.com
New York
Dunnan
Sarah Schlichter
Independenttraveler.com
Pennington
Schlichter
Financial planning tips for a secure future
Practical steps to improve finances include paying off credit cards monthly, building a six month expense cushion, starting college savings, and planning taxes early. Invest for steady retirement growth, protect income with insurance, and create an estate plan with adviser help. Contact Jay Arrick at Raymond James for guidance.
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