It’s the night before the interview. Your outfit is all laid out, your resumé is hot off the press and you’ve Google-Mapped your route. You’ve done your company research and you’ve practiced answering the tough questions. You are perfectly prepared—and you still feel like a nervous wreck.
That’s because, although we’re generally pretty good at anticipating and preparing for external challenges, we tend to be somewhat less great at anticipating internal challenges. We spend a lot of time thinking about what we need to communicate to our interviewer, but we don’t take much time to think about what we need to say to ourselves while navigating the interview process.
Even the most straightforward job interview is mentally demanding. You need to be alert and primed to listen. You need to think on your feet and be quick to recall relevant examples and experiences. You need to gauge your interviewer’s reactions and adapt accordingly. And while your brain is attempting to process all of this, you still need to smile and act naturally and somehow maintain a basic level of ease and confidence. It’s a tall order.
Luckily, there are a few observations you can make that will help ease the pre-interview jitters. If you’re looking for some nerve-calming, confidence-boosting thoughts, consider the following approaches to your job interview. Read them, reflect on them, journal about them—whatever it takes to make these concepts accessible to you throughout your interview preparation process. Along with your list of references, extra copies of your resumé and cover letter, and a stash of breath mints, here are three helpful mindsets to take with you on your next job interview:
It’s not uncommon for a friend or family member to say “Hey, don’t be nervous!” before a big presentation, performance or competition. The trouble is that this comment can make you feel even more nervous than you did before. Sometimes, the attempt to discount or ignore feelings of anxiety just ends up heightening them. Instead, it can be helpful to acknowledge the presence of that nervous feeling, to explore it, and then to reframe it as something positive. Instead of interpreting your anxiety as a fear of failure, you can choose to interpret it as genuine excitement. Maybe you’re nervous because, deep down, you know how potentially life-changing this opportunity is. Perhaps beneath the nerves, you can see all the good things that are waiting for you on the other side of a successful interview. In a recent study by Harvard Business School psychologist Alison Wood Brooks, it was found that reframing anxiety as excitement improved study participants’ performance in high-stress situations. So, the next time you feel your heart rate rising and your hands clamming up, see it as a signal that you’re excited for what’s to come!
In the stressful time leading up to a job interview, it’s easy to picture your interviewer as an antagonist. You might imagine them trying to catch you off guard, trying to make you look dumb or deriving some sort of twisted pleasure out of exposing your weaknesses. The truth is that your interviewer wants you to do well—in fact, they’re hoping you’re the perfect candidate for the job. Take a moment and put yourself in your would-be employer’s shoes: hiring someone new can be an expensive, frustrating and time-consuming process. At this point, your interviewer may have already paged through hundreds of resumés and conducted dozens of interviews with no end in sight. Your interviewer wants you to walk in and be the obvious choice. Consider that you are not in some sort of competition with your interviewer—a successful interview for you also counts as a success for your interviewer. Though it may not seem obvious in the room, your interviewer is your biggest (secret) cheerleader, so approach each question as an opportunity to highlight why you are, in fact, just what the company has been looking for.
It’s easy to stress about things you can’t control, which is yet another reason why job interviews can jump-start your anxiety. There are so many unknowns in the process (What will they think of me? What questions will they ask me?) that it’s hard to feel that you have any power in the interview at all. It’s important to remind yourself that, although uncertainty is a natural part of the job hunt, you do have some control. The interview is a chance for you to evaluate your potential employer at the same time your interviewer is evaluating you. Don’t be afraid to flip the script and ask your interviewer some questions. Ask about the biggest opportunities and challenges facing the department you’re interviewing for. Ask about next steps. Ask appropriate questions that will help you assess whether or not the company is a good match for you. Flipping the script gives you a turn at steering the conversation and serves as a little reminder that there’s more to a job interview than simply pleasing others—you’re also looking to create a fulfilling opportunity for yourself.
In preparing for a job interview, it’s easy to focus on how you’re meeting others’ expectations of you, instead of considering what expectations you have for your next job and future employer. The three mindsets outlined above serve as gentle reminders that, despite its unknowns and stresses, the job interview is ultimately an empowering experience that brings you closer to your career goals, and your life goals.
My how time flies! Friday June 9th will mark the 10 year anniversary of the Bowen Branch of First Credit Union. I have been working for this branch since the beginning, and what still impresses me to this day is the credit union mandate of channeling profits back into the community. Though it took some time for our little branch to become profitable, First Credit Union still gave so much over the years—sponsoring local events, awarding local youth and donating to local non-profits. I believed in this credit union difference, knowing it would gain the support of our island community. Although we opened nearly 600 accounts in that first year we only had a few million in loans, but that began to change steadily. The people of Bowen got behind us and through their incredible support our ability to give back grew.
I am so proud of all we have achieved and our continued presence as a top corporate citizen, community supporter and champion of our island culture and economic progress. Because of the wonderful support we receive from the community, we are able to give back each year in more and more meaningful and impactful ways. Today we have nearly 1800 accounts, 45 million in loans and 35 million in deposits. Our financial planner also has a significant book of investments on the markets. We have been able to improve the financial well-being of countless individuals and businesses on Bowen. As our support from the island grows, so does our contribution to the community – a wonderful formula!
To celebrate 10 years of giving back we are going to have a party at the branch on June 9th. On top of free food, beverages, balloons and entertainment, we will also be holding a fun contest to win one of ten $100 gift certificates to the Bowen Island business of the winner’s choice (open only to members)!
Come by on Friday, June 9th from noon until 2:30 pm for free lunch, listen to our very own Estella Woo perform, try and win $100 towards one of our many fabulous businesses, and celebrate 10 great years of giving back to the community of Bowen Island with us.
See you there!
Kevin Manning, Branch Manager
First Credit Union | Bowen Branch
When you start looking for financial advice (or any kind of advice, for that matter), experts will share their take on what’s “good” and what’s “bad”. In personal finance, there are some classifications that we can all agree on: Debt is bad. Emergency funds are good. Overdrawing your account is bad. Earning interest on your savings is good.
Aside from the obvious examples, the guidelines are a bit murky; plus, the financial advice gurus often contradict each other. One expert will tell you that spending money is “bad” and saving money is “good”. The next will say that saving money is “bad” and investing it is “good”. Another might tell you that there are some “bad” investments and some forms of “good” debt.
If you’re waging an inner battle of good vs. bad every time you whip out your credit card or peek at your monthly bank statement, it’s probably time to give your views on budgeting a shakeup. Start by losing the desire to classify everything as “good” and “bad”. There are good and bad ways to spend money, just as there are good and bad ways to save it. Following that logic, there are good and bad ways to budget.
A good budget is one that, quite simply, works for you. It allows you to meet your needs and plan for your goals, and—most importantly—it motivates you to keep on budgeting. Successful budgeting systems vary wildly in their approach and in the tools you need, but they tend to have the same three actions as building blocks:
These building blocks not only help you organize your finances, but they also have the ability to boost your motivation (and there’s real science to back that up). Read on to see if your current budgeting system has all three building blocks in place.
What it means: Prioritizing your goals means taking a little personal reflection time and writing a few things down. Prioritizing your goals should not be confused with categorizing your expenses—we’re not talking about combing through your budgeting spreadsheet and pondering whether “fast food” and “takeout” should be combined into a single category. We’re not even talking about what you think you “should” be saving up for. No, we’re talking about your goals. What do you want your life to look like over the next few years? Is it your dream to train for a new career? To have an adventure in a foreign country? To throw an awesome wedding? To start your own business? To raise a family? Allow your goals to be a judgment-free zone—goals and dreams are as diverse as the minds and personalities behind them. In most cases, goals reach beyond the familiar trifecta of “pay off student loans, buy a house, save for retirement”.
Why it works: Prioritizing your goals gets you buzzing about what your money can do for you. There are a couple of motivating factors at work here. Number one: by prioritizing your goals, you are asserting your beliefs and your values. You are also reminding yourself of why you’re willing to adopt a budgeting system in the first place. Studies show that you’re more invested in activities that you see value in—and although budgeting literally deals with values (the dollars-and-cents kind), including your personal values in your budgeting system is what generates determination and stamina. Creating and sticking to a new routine is a pain if you think you have to or you should do it; it’s a lot easier if you’re mindful of why you want to do it. Number two: prioritizing your goals is a great starting point because it reminds you that you’re in charge. You have a say in where your money goes. Social scientists point to autonomy as being a critical element to sustain motivation—and what’s more autonomous than realizing that your budget is a collection of choices you make in order to create the life you want?
Get started: Grab a pencil and paper. Ask yourself what you want. Think about it for 10 minutes. Write the answers down. Realize they are achievable.
What it means: Tracking your expenses means being aware of where your money is going as you spend it. This is the part where financial advice experts start to disagree again: some swear by tracking your expenses with good ol’ pencil and paper, others swear by budgeting apps and spreadsheets, and some push more unique approaches like portioning your spending money into envelopes. The good news is that it doesn’t really matter how you go about doing it, but just that you do it. When you track your expenses, a couple of things come to light right away. You start to realize that every transaction, no matter how big or how small, is either contributing to a goal or taking away from it. There’s no such thing as “buying a pumpkin spice latte just because”. You will soon see that the cost of your fancy coffee comes out of somewhere—ideally out of your budgeted spending money, but potentially out of your vacation fund or your groceries or your student loan repayment plan. The second thing you’ll notice is that the longer you’ve been tracking your expenses, the more you’ll see evidence of your progress.
Why it works: Yet another critical element in sustaining motivation is competence, or your ability to do something well. As it turns out, we thrive on being reminded that we’re improving. On the surface level, tracking your expenses helps you to identify your spending patterns and to course-correct when necessary. More importantly, by tracking your spending, you’re also tracking your efforts. You’re creating a record of your progress along with a record of your transactions. Before long, you’ll have tangible evidence of how your actions and your follow-through are contributing to a calmer, happier financial life. You’ll see how capable you are of budgeting. You’ll find it easier (and even exciting) to keep your budgeting winning streak going.
Get started: Try out a new budgeting system today. Browse the App Store or do a quick web search, or pick up a book on the topic. Don’t spend much time evaluating or comparing budgeting approaches. Just pick one and try it out.
What it means: Rewarding yourself means encouraging and celebrating your progress as you create healthier financial habits. Don’t be afraid to use some creativity when defining your personal finance milestones and rewards. Milestones can be time-based (e.g., using a budgeting app every day for 30 days), achievement-based (e.g., paying off all credit card debt) or increment-based (e.g., having your emergency fund reach $500, $1,000, $2,000…). Rewards can take on many forms as well; material rewards are the most common, but consider incorporating time- and experience-based rewards into the mix too (for example, you can list “permission to spend an entire day just vegging out” as a reward).
Why it works: Quite simply, rewards feel good. They highlight our achievements and renew our commitment. As kids, we loved earning those gold star stickers, and although that familiar achievement/reward structure practically disappears in later years, it doesn’t mean that rewards are any less effective in adulthood. By assigning rewards to the milestone of any given goal, you’re creating added incentive and boosting your motivation. When you earn, claim and enjoy a reward, your brain gets an extra hit of dopamine, which in turn increases your focus and drive.
Get started: Set a timer for 10 minutes and brainstorm two lists: a list of budgeting milestones and a list of possible rewards. After the 10 minutes are up, assign the rewards to your milestones. They should reward your effort realistically and be super exciting to work toward at the same time. When you reach your milestones, claim your rewards.
The act of creating a budget contributes to your ability to follow it through. It solidifies your values, it promotes competence and it highlights your achievements as you work through it. Incorporating Prioritize, Track, Reward into your budgeting method of choice will boost your motivation while tackling your personal finance goals at the same time.
It is with heavy hearts that we share that Ruth Allan, known as ‘The Credit Union Lady’ has passed away at the age of 102. Ruth affectionately became known as The Credit Union Lady while administering the School Savings program for First Credit Union, formerly known as Powell River Credit Union, beginning in 1957. After 23 years, Ruth retired from the School Savings program in 1980. More than 35 years after her retirement people still stopped her in the community to recount their memories of her and those School Savings program days. It was a legacy she cherished. Central1 captured the essence of Ruth’s story as ‘The Credit Union Lady’ in this short endearing video released last year.
Ruth’s impact on the lives of thousands of children was significant and long-lasting. In First Credit Union’s 76 year history no one has influenced the lives of so many or been remembered so warmly; her spirit will live on in the hearts of those she touched. In honour of her impact and her significance in First Credit Union’s history, a $1,000 scholarship will be introduced in her name. The Ruth Allan Scholarship will be awarded to a member in grade 12 in the Powell River area who has demonstrated the capacity to save for and contribute to the cost of their education, and who has made a commitment to making a difference in the lives of others.
History of How “The Credit Union Lady” Came To Be
(Sourced from: Start Small, Dream Big – The 75 Year History of BC’s First Credit Union by Linda Wegner):
Following the death of her first husband, Ruth Allan and her two sons moved to Powell River to be near her sister. Her first jobs in Powell River included being employed at a local five-and-dime store, at Powell River Paper during World War II, and later, in the Mill’s paper plant. She remarried into a family of credit union members and consequently joined the Powell River Credit Union in 1949. Ruth was once again widowed when her second husband, Peter Alton, died in an accident at the Mill. A daughter had been born to the couple and now Ruth was left to support herself and her three children.
Ruth was asked if she would like to take over the School Savings program in 1957. Ruth recalls the Directors of Powell River Credit Union visiting her to ask if she was interested. It was an opportunity that proved providential in meeting her financial needs and demonstrated yet more evidence of the commitment of the credit union to care for its members. “It was absolutely perfect for me, being able to be home when my daughter came home from school”, explained Ruth when interviewed for the First Credit Union’s 75th anniversary book.
Ruth’s daughter Evelyn recalls that being the child of The Credit Union Lady carried responsibilities. “Everyone in town knew her and if I was bad they’d tell on me; I could get away with nothing!” she said, laughing.
When she first began with the School Savings program, each student had a card with their name on it. When students brought their money, the appropriate card would be pulled and deposits recorded by hand. With the assistance of other volunteers, Ruth’s responsibilities included visiting ten schools each week. Ruth remembered many good things about her time with the School Savings program including the little boy who used to come, barefoot, across the field to bring her his nickel. Ruth attended his graduation and saw him go off to university.
At First Credit Union’s anniversary, one former student fondly shared Ruth’s impact on her life. The student developed the habit of saving through the school program. She would bring her twenty-five cents to school each week and saved enough so that when she got married, she had enough money to purchase her husband’s wedding ring.
Ruth, The Credit Union Lady, remained as administrator of the program for twenty-three years and a passionate First Credit Union member for the duration of her life. She will be greatly missed, and fondly remembered for her legacy as The Credit Union Lady.