Let’s face the fact that the thing we stress over more than anything else relates to money. It’s always about money; do we have enough, too much (okay, I don’t know anyone who stresses over having too much), bills, savings, investing, being robbed, taxes… ugh.
Almost every organization, business and regular people rely on their checking accounts. Most of them end up having someone else have access to those account for one reason or another.
For businesses and organizations, the idea is to have more than one person who can sign for things in case of an emergency. Sometimes it’s to have a second person sign before certain dollar amounts can be approved or allowed to be paid. Continue reading Dangers Of Creating Joint Accounts→
Let me begin by saying that one shouldn’t consider the debate between paying off bills and saving for retirement as totally opposite beliefs. The truth is that for long term security you’re going to need to take care of both as time goes along. You never know how long you’ll live once you retire and the last thing you want is to be saddled with a lot of debt and not enough money to pay for everything.
With that said, let’s look at this discussion from some practical terms. The difference between paying off bills you have now and deciding to put money away can be drastic. It’s hard to see for most people because the numbers can be overwhelming, so we’re going to put it in terms that hopefully make it easier to understand with a little example. Continue reading Paying Off Bills Vs. Saving For Retirement→
At some point every sole entrepreneur thinks about where they should be working. Sometimes it’s at the beginning; sometimes it’s after a year or so. There are multiple considerations to think about if you’re looking to move into a rented space for your office. Let’s take a look at some of those concerns.
Income is the biggest consideration when it comes to making this kind of decision. If you’re new and don’t have any clients, it’s nothing you should even consider. What you’ll learn early on is that it’s harder being self employed at the beginning of your new career, and you want any funds you have to help give you time to get your business up and going. Continue reading Should You Have A Home Office Or Rented Space?→
The fact is the overwhelming majority of Americans, and possibly people in other countries, do a bad job of handling their money properly. We tend to believe it’s because most people really don’t think about learning anything about finances until they get into trouble. If they did want to know more where would they go, besides a few blogs I know of or maybe an accounting firm? 🙂
Obviously I was in high school in the past. I learned a lot of things I was never going to have any use for. Some of it I enjoyed, but since I never saw myself as becoming any kind of scientist or a historian, I’m thinking something I could have used, that would have made my early adult life easier, were lessons on personal finance. That would have helped me a great deal, not only when I had to go out on my own but even in college. Continue reading 5 Reasons High School Students Should Be Taught About Finances→
Accounting & Financial Advice from the Syracuse NY area
