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A Personal Financial Tip from the Business Sector

Could you imagine a business without a budget? Not only would be chaos, but certain bankruptcy. Now, how really different is a business from a family? When it comes to finances, not all that much. Businesses work within the money in and money out concept. A budget helps them plan for the money they hope to bring in and the expenses they must pay in order to make that money. In a typical business, the money coming in is somewhat volatile. It is based on the customer and their spending. As far as the money going out, this falls into … Continue reading →

Forced Money Management

In my previous business world experience, we had a saying “bad business makes you smarter.” The theory behind this was if your business was bad it forced you to research and evaluate all that you were doing. If business was good, you simply sat back and enjoyed the ride – even if there were things that you could do better, there wasn’t any incentive to work any harder. This philosophy plays out in many families as well. The budget doesn’t get pulled out until a time of financial strife, either forced or chosen. Even with all my money experience, my … Continue reading →

Week in Review for July 29th to August 4th

Do you even know what a delinquency is? Dig deeper into the words and meanings of the credit world in regards to your credit score in Delinquencies and Credit Issues. What exactly happens when your bill goes past due? How does the late payment show up and your credit report? In this week blog entry, Collection Activities, you can learn some valuable information to help you maintain a clean credit report. As more of our population enters their senior years, reverse mortgages are a major buzz word. What exactly are they and do you qualify? Learn more in Miriam’s article, … Continue reading →