There are many of us that would like to have more money. This might be because we want to be able to buy more things, manage more easily, pay off loans, save more or something else. Money can be a great motivator for many of us, but some of us are more prepared to make changes than others, in order to get it. One change that we might consider is to change our job so that we can get paid more. This is a big decision and it is worth taking time to consider it well.

Training

If we are thinking of a career change then we will need to train in a new area and if we are thinking of progressing then we may need to improve our skills in the areas that we are already working in. This will bring about a cost. This means that before you can think about getting more pay, you may need to pay out for a training course. You might be lucky enough to be able to do one through your current job, but some employers will charge you for any training that you do within a certain time period of leaving your job. It is therefore still likely that you will have to find this yourself. It might be that you can tech yourself, perhaps with information that you find online or through books. However, if you have to prove to a future employer that you have knowledge of this area they may rather see a certificate than just a written declaration that you have done it. Of course, they may choose to test your knowledge and that will prove that you have it.

Job Satisfaction

It is important to think about the balance between job satisfaction and pay. If you are happy in the role that you are doing, then you risk not being happy when you change. Even if you are doing similar work, which you like, you may find that moving to a new company will be very different. Working with different people in a different culture may not suit you. Of course, you may not be happy and be willing to take the risk of going elsewhere and you may even find if you are happy that you are even happier when you move. It is something which is a risk and very tricky to know until you actually make the move. If you are unhappy then the risk is much lower though than if you are happy where you are.

Travel to Work

Sometimes it is the case that we have to travel further to work if we take on a job that pays more. This may not always be the case, of course, but we could have to travel into a city or bigger town which might be further away. For those that like commuting then this will not be a problem, but there are some people that do not like it at all. If you are not sure, then try travelling a bit more to find out whether you might think that it is worth it.

Making new Friends

It can sometimes be hard leaving behind work colleagues and having to make new ones. It is often the case that once we leave we tend not to keep in touch with those we worked with before. We have less in common and have to put our time and energy into our new job. For some people making new friends in the workplace is easy, but there are others that find it difficult and that could be a big drawback for them when considering whether to change jobs.

Challenging job

It may be the case that to be able to expect more pay, we will have to do a job that is more challenging for us. This is because we tend to get paid in return for the effort and difficulty in what we are doing. Some people really relish a challenge and this will be something that they really like the idea of but there will be those that would rather have something a bit easier. You will need to make sure that you are sure about what the expectations will be from the job so that you can decide whether you think that it will be suitable for you or not. You will then be able to decide whether you think that the job is right for you or not.

There are a lot of factors to think about when you are considering whether to change your job. If money is really important it might be the only factor in your decision, but you might find that you have other things that are important to you as well. Consider what these might be in your case and then you will be able to decide more easily whether this would be the right thing for you to do.

Whether we just have a small amount of money passing through our bank account each month or have a lot of money that we want to invest, finding the best place to put it can be tricky. We will probably want to be able to get the best return on our money but there are other things that will restrict who we can choose from. It is worth thinking about these factors and this will help you to be able to more easily search for the right place for you.

Interest paid

For many of us the return is a big factor. We want to make sure that we get a good return on the money that we have put into the account. It can be a good bonus for us, as savers to get some money back and with interest rates at a record low at the moment, it can almost seem a bit pointless. However, if you are saving for a long time or have a lot of money to save, the interest rate can make a significant difference. You will also find that there are big differences in the return that you can get form different accounts and if you calculate how much that means in monetary terms over years, then you can see what an impact that might have. Therefore, hunting around for good rates can be worthwhile.

If you are investing it gets more complex as a higher rate tends to come hand in hand with a higher risk (something you do not see with normal savings) so you will need to find a balance and a place to put your money where you are happy with the level of risk and the potential return. With an investment you effectively buy something with your money and hope the value goes up. If the value goes down you will lose money and in some cases you could lose all of your money so it is important to really know what you are doing or get professional help with this.

Trusted place

Many people will want to choose a place that they trust. This often means to put it into a bank or building society that they know well or have heard good things about. You may already use some that you like or you might want to find out more to see if you can find one that you can trust but pay a better interest rate. Try asking people that you know as they may be able to make recommendations. If not you will be able to visit the websites of the lenders and find out more about them that way and get a feel for what they are like. You may also want to look at some reviews but make sure that you go to a trusted website for this as anyone can say anything online!

Easy access?

It might be that you are looking for an account that you can get easy access to your money from. This might be in the way of being able to draw cash using an ATM, do immediate online transfers or even with the same bank as you have a current account to make it really quick. It is worth noting that if you tie your money up for a certain time period, it will generally allow you to earn more interest and so instant access accounts are likely to be the lowest paid with regards to interest. However, there will be some of us that will need quick access to our money and therefore will not be able to take advantage of this. It may be worth considering having an instant access account and one where we tie our money up for longer if we have quite a lot to save.

Ethical policy

Some people will look at a banks or building societies ethical policy when deciding whether to use them. For some this will be their record of investment and lending and if they are involved in industries that they do not approve of. For vegetarians this might be the fur industry, for environmentalists this might be the oil industry and for pacifists this might be arms. We all have differing opinions and ethics and so who we like and dislike will vary. We also might feel that some banks and building societies are kinder to their customers as well and this could influence our opinion. For example, we may feel that because a building society has no shareholders it will put more money back into the business or reduce its charges to the benefit of customers. You may feel that this is better than putting money into a bank which will do everything it can to make profit for shareholders. You may also look at what they do for the local community as some places will have projects where staff can have paid days where they do work for local causes and charities. For some none of these things will matter, it really depends on how strong your opinions are in these sorts of areas.