Financial statements can tell you a lot about your business. They display the value of your assets, the amount of money you owe, the amount of revenue you’ve earned in a particular time frame, and even how much cash has gone into and out of your business.
But financial statements may not provide the answers to all…
Parents have a lot of important lessons to teach their children-how to ride a bike, how to make the bed, how to get along with other people and contribute to the community. Many parents also work on teaching their kids financial skills by setting them up with a piggy bank, or helping them open their first savings account. One important question for parents…
Have you had a business idea bubbling for a while? You’re not alone. Turning the spark of a potential business idea into something real is a dream for many.
However, before you jump in and go for it, you have a lot to consider. Ask any fellow small business owner for tips, and they’ll tell you that growing a small…
It’s easy to get caught up in all the details involved in operating a small business, whether that means hiring someone to run your accounting department, planning for taxes coming due, or setting weekly sales targets. Sometimes it’s hard to have to sit back and ask yourself, “Why did I start the business in the first place?”
I’ve spent a lot of time watching Antiques Roadshow on PBS, where appraisers sometimes shock everyday people by sharing sky-high valuations for dusty family heirlooms that appear worthless. It’s incredibly heartwarming to watch people stumble upon a small fortune for things they’ve proudly displayed in their homes for generations…
Budgeting is a great way to plan your income and expenses over a period of time to keep spending in check. This can help you tackle debt or save to achieve your financial goals.
By looking through your expenses you may be able to find better ways to spend your money. You might also be able to cut some expenses…
Exactly what does it mean to pay yourself first? Overall, it means that your top priority should be to put a certain amount of money into your savings and/or investment accounts before you pay your monthly expenses, such as your rent or mortgage payment, car payment, student loan payment and so forth.
This could help you prioritize your financial well-being and help ensure…