Budgeting
If You Spend More Than You Earn Then You Better Start Budgeting
Knowing how to manage money can help you make smart choices. Your money will work harder for you. You’ll be more likely to avoid traps that can undermine your ability to attain your financial goals. You’ll be in a better position to pay off debt and build savings.
Calculate how much money you earn in a […]
How To Set A Financial Goal to Reduce Personal Debt
Firstly, what do I mean by a financial goal? For most of us, that would generally be a goal to either increase income or reduce consumer debt. Of course there may be times in our lives where we want to increase consumer debt to acquire goods and services sooner or to reduce our […]
Tips For Creating A Business Budget
Creating a business budget is very similar to creating a personal budget. However there are some differences. When you own a business, taxes are not directly taken out of your income, which makes your income and any quarterly tax payments extra important to track. Having an accurate and realistic budget will help you make accurate […]
How Business Bookkeeping Can Make Budgeting Easy
Small business owners generally fall into two categories. There are the business owners that let their accounting tasks, invoicing, and payables pile up on their desk - or even in a shoe box, until they’re forced to face the music. Usually this happens around tax time.
The other sides of the coin are the business […]
Maximize Your Chances Of Success By Fully Funding Your Goals
Do you have a burning desire to achieve in a sport, hobby, talent or business venture but you never seem to have the time or money to achieve it?
Today I am going to talk about the importance of budgeting in relation to goal setting. For years and years I have set goals […]
Getting Control of Your Finances with a Cash-Based Budgeting System
In this day and age, it is easier than ever to spend money - just whip out your debit card and buy whatever you want. The problem with these nearly frictionless transactions is that it is difficult to keep track of your money. When most people wrote checks for every day purposes, at least they […]
Financial Modeling - Murder By Numbers
To borrow a line from the Police, it might seem as easy as your a-b-c’s, but there’s a lot that goes into effective financial modeling. For the past 8 years with Practice Technologies, and going back some 10 years before that, financial modelling has always been central to the analysis I’ve relied upon to […]
Budgeting - Where Do I Start?
The thought of putting yourself and your family on a budget can often feels overwhelming for many. The truth of the matter is that not having a budget, operating with financial blinders on, is much more overwhelming than creating and sticking to a budget.
Before you even get started thinking about a budget, you’ll […]
Do I Need An Accountant To Create A Business Budget?
I’m a big fan of accountants, but that’s mostly because I don’t like taking the time to figure things out. When it comes to money, I’d much rather listen and follow the advice of an expert than to try to learn it on my own. However, when you’re creating a business budget, you […]
Household Budgets: The Secret Weapon in the War on Debt
Ah, America…land of the free, home of the indebted. According to CNNMoney.com, the average American household has almost $9,200 in debt. That’s the average. Some have much, much more. Interest rates generally run in the mid to high teens, so counting interest and payments on other debt, such as mortgages, the average American is dealing […]
