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…
Myself and my team have reflected a lot over the past 18 months because we’ve been in the eye of the storm. When everybody else was locked down during the pandemic, we worked pretty much all the way through because our company provides health and social care professionals…
Buying a vehicle is a big investment, so turning to a loan to pay for your car is pretty common. But while financing your car purchase with an auto loan does break up your total vehicle cost into manageable monthly payments, it also means that you end up paying more in interest and fees…
We can all use a simpler, more efficient way to manage expenses and save money. Putting your bills on autopay can ensure never forgetting a due date, which minimizes the risk of late fees and dings on your credit report. But although automatic payments can save time and streamline your...
our bank account may be frozen if your bank suspects fraud or illegal activity, or if they’re complying with a court order due to unpaid debts. The government can also request an account freeze for any unpaid taxes or student loans.
Whatever the reason for the lock-up, finding out your...
Living with, let alone buying a home with, an unmarried partner or friend was nearly unheard of a generation ago. But now, co-buying is not only starting to be normalized. The number of co-buyers with different last names has grown by 771% since 2014, demonstrating that this unconventional way…
Credit card debt is a lot like body weight: It adds up when you’re not paying attention and can be hard to get rid of. Once credit card debt has crept up, your monthly budget may feel too tight to pay more than the monthly minimum payment.
There is no industry-wide interest rate or even…