Learn the Money Basics

Master the Money Basics

Recent Posts

  • How To Get A He...

    May 6th, 2016

    After tax day comes and goes, many people put taxes as far from their minds as possible. However, getting a head start on tax day can help you to avoid the last-minute scramble that many people experience each spring. Here are some tips on how to get started on next [...]

  • Dos And DonR...

    January 8th, 2016

    Your financial transactions prior to filing for bankruptcy will be carefully scrutinized by a bankruptcy trustee and the court. If there are any questionable transactions, your filing could be at risk of being dismissed. To ensure that your bankruptcy stays on the right track, here are some dos and don’ts [...]

  • Why Your Small ...

    September 1st, 2015

    When you own a small business that’s looking to grow with new equipment, property, or personnel, you may be in search of a reliable and fast source of cash to make it happen. Finding cash through loans or credit can take a toll on your company in the long run, [...]

  • 4 Things You Ca...

    June 17th, 2015

    The process of buying a home can be a lot of work. Many people feel frustrated with the mortgage process because it takes a long time and requires a lot of them. You can save yourself a good deal of frustration by planning ahead. Here are a couple things you [...]

How to Budget

How to Budget

The only way to save money through budgeting is to budget within your means. To effectively create a budget, you need to know your true income taking traditional and nontraditional sources into consideration (and don’t forget taxes!), calculate every single one of your expenses, and compare the numbers. Next, figure out how much you should spend on your fixed costs, financial costs, and flexible spending based on your average income. Make your projected expenses match up with your actual income through tightening your budget in some areas and even loosening it in others; then, follow your budget to the letter.

Teaching Children Basics

Teaching Children about Money

To raise your child you set a bedtime, serve healthful meals, and show them love and guidance. Make sure you extend your care to teaching your child about finances as well. Eventually, your child should be a self-sufficient adult who can live within his or her means. To help them on the way to monetary responsibility, show your child concrete examples of receiving a paycheck and spending money, help them learn to budget, and whenever possible, make this process fun. Use games with a financial point of view and keep the conversation going over the years.

High and Low Risk Stocks

High and Low Risk Stocks

Terms like “high risk” and “low risk” may seem daunting when it comes to the stock market: if you’re a novice, all stocks might feel like they have a high level of risk for the investor! However, it isn’t hard to figure out the level of actual risk a stock has. Learn how to look at a stock’s past performance as an indicator of future performance and familiarize yourself with how to predict whether a stock will have a high or low payoff over time. Invest wisely to minimize your risk and raise your potential for making a profit.