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Simple ways to make meetings more effective

Posted on July 6, 2016 by admin

Business meetings can often be a drag. Some go longer than they are supposed to and others involve people talking so much that the meeting ends up completely off topic.

But not all meetings have to be boring or time-wasting. When conducted properly, meetings can make everyone’s job much easier. Including breaks, having a short ‘walk and talk outside’ and following a tight starting schedule are all ways that can make meetings more efficient, productive and even a little bit of fun for those in attendance.

Here are five simple ways to regain control to have more productive meetings in your workplace:

Set a clear schedule ahead of time: Since it is always helpful when people are fully prepared for a meeting, those in charge of organising a meeting should send out a clear outline of the meeting well in advance to those attending to give them time to prepare.

Assign who will be in charge: It is important to pick someone to lead the meeting who is comfortable and will be able to keep the meeting on track. Those who are trusted and respected by employees often make the best candidates.

Have a device-free meeting: Make it a rule to have a ‘device-free’ meeting to put distractions like emails, phone calls and notifications to one side.

Keep the meeting small: Having too many people at a meeting can render it ineffective. Only invite those who will make an important contribution to the meeting.

Take your meeting outside: If there is no paperwork involved, try having a ‘walk and talk’ meeting outside. Alternatively, you could organise the meeting to take place at a local cafe for a relaxed, comfortable setting to talk.

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Avoiding mortgage default

Posted on August 26, 2020 by admin

As individuals struggle with cash flow through the coronavirus, the Australian Bankers Association records that repayments on almost 500,000 mortgages have been deferred for six months. While repayments can be delayed, they cannot be avoided altogether.

Lenders can send you a default notice the day your repayment is overdue. However, they could also wait until your repayment is overdue by 90 or more days. When you receive a default notice, you are given 30 days to repay the amounts you have missed in addition to the regular repayment on your loan. Individuals who are struggling with their home loan repayments can avoid mortgage default by considering the following.

Contact your lender
Lenders are generally willing to work with you through financial hardship. Don’t be afraid to contact your lender to discuss your situation and find out what options are available for you. Lenders are often willing to negotiate short-term variations to repayment schedules that both parties can agree to. However, make sure that you do not agree to unrealistic repayment conditions that cannot be met.

Many Australian banks are offering a six-month deferral on mortgage repayments (including interest) for customers who are experiencing financial hardship as a result of COVID-19. If this is you, contact your bank to see if this is an option.

Apply for a hardship variation
Mortgage holders may be able to change the terms of their loan or temporarily pause or reduce their repayments under a hardship variation. A hardship variation can still be requested after you receive a mortgage default. To apply for one, contact your lender’s “hardship officer” and tell them that you wish to change your loan repayments due to financial hardship. This will usually require you to explain why you are struggling to make payments and to estimate how long your financial problems will continue to determine how much you can afford to repay.

After submitting a hardship variation request, your lender must contact you within 21 days with the outcome of your request. They may ask you for more details regarding your request; in this case, they must contact you again within 21 days from when you provide the additional information.

Consider selling your home
Selling your home is a tough decision, but in some cases this may be the better option if your circumstances are unlikely to improve. If you get to the point where your lender takes possession of your home and sells it, it’s likely that you won’t make as much as if you sold it yourself. When you sell your house on your own terms, chances are you will get a better price and avoid having to pay the legal fees passed on by your lender. Inform your lender if you decide to sell your home; they may ask for proof, such as a copy of the contract with your real estate agent or property advertisements.

Renting out your home until you can afford to make repayments again may also be an option if you are able to live somewhere else during this period.

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