Personal financial management is a delicate balancing act, accounting for household income and wide-ranging spending obligations. Ideally, the system balances, feeding in enough income to cover the appetites of creditors and others making claim to your financial resources. In practice, however, the supply side doesn’t always keep up with outgoing commitments, leading to cash flow shortages and undue financial pressure.
Fortunately, there are two ways to go about balancing household cash flow. Reducing expenses and economizing at home can help bring personal finances to a state of equilibrium, but even frugal living leaves some budgets under-funded.…
Running a business is stressful no matter who you are or how long you’ve been in your industry. Whether you’re the latest tech start-up taking the market by storm, or you’re celebrating 50 years with a global corporation to manage, there will always be money saving hacks that can help you.
In today’s article, we’ll be discussing just three of these business hacks that will help shave money off your overheads. You’d be surprised how small changes can make such big differences, when the time comes to balance the books.…
If you’re running a business, don’t underestimate the importance of bookkeeping and accounting. Many companies have found themselves in trouble with the law after failing to keep accurate records of their income and expenditure. There are many other good reasons for taking bookkeeping seriously. It’s important not to bury your head in the sand when it comes to paperwork, as the more you do so, the bigger the problems you might face in future become.
Help your business grow
One of the biggest advantages of bookkeeping is that it allows you to grow your business.…
Did you know that more small businesses get started during rough economic times than during prosperous ones? Some of the top-earning businesses today earned the foundations of their wealth during the Great Depression. IBM, General Electric, General Motors, and FedEx are excellent examples of such companies.
Today’s economic recession is no different. The Small Business Administration estimates that there are 27.9 million small businesses in the United States, and that new startups are trending up in 2013. If you’re going joining the entrepreneurial ranks, these three financial strategies will help you keep things running smoothly.…
