So you’re starting improve your finances and you’re hearing a lot about splitting your expenses into needs vs wants. Why would you do that, and how can you clearly tell between them? Needs vs wants refer to the distinction between essential expenses and discretionary expenses. Needs are basic necessities that must be met in order …
Needs vs wants: why they’re important and how to tell between them Read More »
If you’re looking to create a budget, you might hear some people swear by the 50/30/20 rule. But what is it? The 50/30/20 rule is a budgeting guideline that suggests allocating your after-tax income towards three categories: It was first proposed by Senator Elizabeth Warren and her daughter, Amelia Warren Tyagi in their book, All …
Everyone should have an emergency savings fund, no matter their financial situation. You must have one because it’ll equip you to deal with unexpected expenses and emergencies, such as a job loss, medical bills, or home repairs. It can be hard for people with other financial responsibilities (like paying off debt) to prioritize building an …
Emergency Fund: What is it and how do I build one? Read More »
When we’re young, our parents teach us smart money habits and how to manage our finances. But our parents face their own new financial challenges as they age. For example, they may struggle with deciphering bills and account statements, keeping up with tax law changes, and more. Plus, they are one of the most vulnerable …
5 Ways to Help Your Aging Parents with Their Finances Read More »
Christmas is the season of giving, and though we’re expected to give out presents, some of us just prefer handing out cash. Some people also prefer receiving cash instead of the stuff they don’t really want or need. With cash, you don’t have to think about what they would like—they can buy it themselves. However, …
12 creative and fun ways to give money at Christmas Read More »
Free will does not come without its price, and we all experienced this at one point or the other. We all know that our thinking usually leads to some odd conclusions and answers that we fear. Our freedom may serve to set us loose and cross new barriers, but what barriers should we cross and …
Understanding the Financial Consequences of Addiction: 4 Things to Know Read More »
Irrespective of how marriage comes to an end, breaking down a relationship can be a difficult experience. On top of the emotional turmoil, the separating couples face significant financial issues that should be handled with utmost sobriety. Fortunately, you can always protect your assets, such as your home, car or money, prior to getting married. …
How To Protect Financial Assets Before And After Marriage Read More »
Choosing new accounting software for your business is a critical decision. The sheer number or software products available can be overwhelming and you might not even know where to start. The good news is there have been plenty of companies who have been where you are now and can help you get through the process. …
Accounting Software Selection Mistakes to Avoid Read More »
Do you feel like you can’t splurge on holidays this year as much as you used to? You’re not alone, and it’s not surprising. The worldwide inflation rate is expected to reach 8.8% this year, and we’re already dealing with high costs of goods. Still, Christmas is for everybody who wants to celebrate it, and …
9 inexpensive and free Christmas activities for families Read More »
Was there a time when you could not send a card to your loved one because you didn’t have the money or time to buy one? Fortunately, you don’t have to worry about this anymore. There are websites that offer free ecards for all occasions. Now, it can be a pain to search for the …
12 best sites for free ecards (birthday greeting cards and more) Read More »
