Tag Archives: budgeting

Budgeting, Managing Money

Figuring Out Your Credit Card Debt

It’s been a while since we wrote about budgeting and credit cards. It’s time to reinforce the importance of understanding each of these and learning how to use your knowledge to either get control of credit cards or totally eliminate your credit card debt.

Mission24: NUMBERS

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Before you decide to take action on your debt you need to know what it is. Whether it’s doing some kind of debt consolidation or filing bankruptcy, you need to know what your expenses and income is to first find out if you’re in real financial trouble or just need to get a handle on your spending.
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Managing Money

5 Reasons High School Students Should Be Taught About Finances

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? 🙂

David Robert Bliwas via Compfight

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.
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Finances

Your Financial Life Is On You

It’s hard relying on anyone else for our financial health. Whether it’s the government, our employer, our customers, the stock market or something else, when all is said and done it always falls back on the rest of us.

Marc via Compfight

You want to know a truth, one that might shock your foundation? It doesn’t matter what the government does when it comes to us. We have to be truthful and honest with ourselves about this.
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Accounting, Budgeting, Finances

5 Reasons You Might Need An Accountant

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Because we’re an accounting firm, you might think this post is more self serving that helpful, but we assure you that our intentions are good. We’ve worked with a lot of people who did their own taxes and budgets and sometimes had some costly mistakes. It’s not as easy as it sounds to keep up with your own records, especially if your career isn’t in finance.

hire an accountant

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Because of that, and a few other things, we want to give 5 reasons why you might need an accountant. There are more, but we don’t want to overwhelm anyone. Let’s get started.
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Budgeting

Understanding Profit

Everyone understands the concept of profit right? Well, apparently not, although it’s not their fault. Everyone thinks they understand, and on one level they might. Let’s talk a little bit about profit, and what’s going on with the economy right now.

geralt via Pixabay

First, the generic discussion about profit. One achieves profit when they have money left over after taking care of their expenses. That’s a very simplistic vision of profit, but I want to start simply. For personal wages, if, after you get paid, you can pay your bills and still have some money left over, you’ve earned a “profit”. Now, you might squander that money needlessly later on, but you did have a profit for awhile.
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