Free schools face potential changes in requirements

Some decisions, like many financial decisions, require careful thought to achieve the best overall result.

07:30 04 July 2013

Free schools are under scrutiny currently with Stephen Twigg saying that a Labour government would review the need for such schools and would make a few changes including making sure that only qualified teachers could be hired. He stressed the importance of quality education regardless of the choice of school in a recent interview.

 

From time to time, we have to assess what the overall best scenario is when it comes to our financial decisions, without sacrificing too much in the process. Here are a few tips to help you with your future decisions.

• Pros and cons—before you will be able to make objective financial decisions, you have to take both the positive and negative into account. Sometimes that is a little difficult if you are predisposed to a particular outcome. If that is the case, enlist the help of an unbiased friend or relative when you make your list.

 

• Short term vs. long term—some financial decisions can be made without thinking too much about the differences between short term and long term effects. Things such as vehicle purchases should take both short and long-term effects into account, such as maintenance costs, so that you make the best possible decision.

 

• Independent Financial Advisor—not all financial decisions can be made easily or without professional guidance. If you need experienced assistance, seek the help of an unbiased party who has no vested interest in the outcome so you can receive impartial guidance.

 

• Classes—some financial institutions and websites have classes to educate you on types of financial decisions from obtaining mortgage loans, to managing investment portfolios. You can also find help with the terms and formulas that are commonly used for finances.

 

• Establish goals—if your financial decisions are not simplistic in nature, it might be a good idea to set detailed goals to help you stay on track or achieve your desires.