Insurance is a policy that is taken out to offer pre-agreed protection against a loss or damage. Many financial institutions offer these policies, which range from home, car and travel insurance to pet, dental, health and life insurance. The basic principle is that an agreement is made to pay a set monthly or annual figure and during the term of the agreement if certain instances occur you will receive a set payment. Like pension plans it is difficult to see the benefit of insurance when you are young as insurance is long term with little to no immediate benefits but an immediate cost.Read More
Many people go absolutely gaga over their cars, to the extent that the cars get better treatment than actual humans. That’s all fine and dandy – as long as you can afford to keep up this royal treatment. If you find yourself having budgetary issues, it’s a good idea to ask yourself “am I spending too much money on my car?” In many cases, the answer is yes.Read More
Budgeting is always important, but in poor economic times like these, it becomes essential. Trying to raise a family and save money is no easy task. It often requires what feels like a Herculean effort to save money, let alone stay within the budget.
When our daughter expressed interest in attending the best law school in Boston we had to take a deeper look into our finances.Read More
It doesn’t matter if you’re the Chief Financial Office of an international corporation or own a small business, cash flow is important to your financial wellbeing. Simply put, you need to be bringing in more money than you’re spending; but having that actually happen isn’t so simple.
So here are some ways to manage your cash flow:
Credit scoring is a vital tool used by businesses today to decide whether you will be awarded credit and at what interest rate. It is important to know where you stand financially and checking your report regularly can also help identify any fraudulent activity, incorrect credit associations or any general errors.Read More