There’s no doubt that financially many people are hurting. It takes planning and responsibility to be on a safe financial footing. There are a few things everyone needs at least one of that are related to the betterment of one’s financial life. If you’re without any of these items you’re going to have difficulties somewhere along the line. Here are 5 things you need and the explanations why, even if a few of them you might not want to think about.
Some people would rather just use cash and never have a bank account but in today’s world, having a bank account is paramount to being able to survive. We can’t put thousands of dollars in our homes for risk of being robbed or something happening to our homes. Most company jobs these days won’t issue paper checks, and it’s hard getting checks cashed, while a bank account allows electronic deposit and immediate access to your money. There are still enough local banks where you can get free checking for a personal account, so there’s no reason not to have one. Continue reading 5 Financial Things You Need In Your Life→
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.
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. Continue reading Understanding Profit→
There was a news story some years ago titled 20 Personal Finance Do’s And Dont’s. It was a pretty good story, and though I’m not going to quote it, I am going to list the 20, and add my own commentary. I recommend you go to the story to see what they had to say for each of them.
This one is a no-brainer, and yet it’s not how most of us live. If we didn’t, would there be a stock market? The smart thing is to plan for the future instead of predicting it; you protect yourself better that way. Continue reading 20 Personal Finance Ideas→
Like almost everything else in life, looking at one’s finances isn’t the same for every person; sometimes it’s not the same throughout one person’s life.
There’s more differences than just thinking about either worrying about debt or monetary growth. There are times when you need something immediately, need to think about different long term situations, need to balance between eating and living and tragedy. Life isn’t simple so why should finances be? Continue reading What’s Your Most Important Financial Consideration?→
Most of us go on the assumption that we always have time to get things in order, no matter what those things are. Then suddenly we’re surprised by something we weren’t expecting and we start scrambling to recover and address it.
Unfortunately, this is a myth; it’s not true. Only the richest of us are ready for a catastrophe that’s going to cost money we hadn’t planned on spending. Well, that’s not quite true. Another group of people, hopefully some of us, are also looking at our financial situation and making plans for everything financial. Not just for emergencies but doing a little bit of long term planning, taking care of short term issues, and everything in between. Think about it this way; we’re either continually progressing, regressing, or stagnating; which one feels the best? Continue reading 5 Financial Issues You Should Plan For→
Accounting & Financial Advice from the Syracuse NY area
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