Adopting a frugal living lifestyle lets you save by getting freebies, using secondhand products or coupons. It helps you use your money on things you value most: living debt-free, saving for retirement and investing in yourself. So, to start living frugally, these are some tricks that you can use…
One of the challenging aspects of buying any type of insurance is determining how much coverage you need.
Buy too little insurance and you won’t have enough to get through a tough situation when you actually need it to do its job the most…
There are ways to relieve the pressure and survive
Any business leader can find themselves confronting circumstances where their company has more debt than it should. I’ve written before about what is an appropriate level of debt for companies to target, which is generally a ratio of debt to profit. When that debt ratio begins to go upwards of 4 to 5 times…
Have you tried to save at least 3 to 6 months’ worth of living expenses in an emergency savings account for years without success? If so, you’re not alone. Nearly 1 in 4 Americans said they would need to borrow money to cover an unexpected bill for $1,000, according to a survey by personal finance site Bankrate. Around 16% said they’d have to charge…
A company’s balance sheet is one of several important financial statements that report on its performance. But to understand the importance of a balance sheet, you need to understand the balance sheet equation and the types of accounts it uses. Then you can download a balance sheet template and review some analytical tools to assess your business…
The term “fiscally responsible” is usually associated with government and politics. Politicians and government officials use the word when discussing the national budget and how they are using taxpayer dollars. However, the term applies to more than just government, the act of being a fiscally responsible person is important in your personal finances...
Being a business owner carries its share of risks and rewards. One of the more prominent risks is running low on cash. Luckily, managing your cash flow properly can help mitigate that risk.
That’s why cash flow projections are so important. Completing a cash flow projection for your business allows...