Educational

Time value of money explained in simple terms

This text has the time value of money explained in simple terms. So, what exactly is time value of money? The value of money decreases with time. This is due to the increase in the value of rare items. Hence, petrol prices ten years earlier would be much less than today. The same dollar which… Continue reading Time value of money explained in simple terms

Educational

Financial planning begins with being honest about your financial position

Do you keep wondering why at the end of the month you are left with no money? Maybe it is time to think of financial planning. If you set your goals right, soon you will watch personal savings grow. Here are 5 steps to your new financial plan. Financial planning begins with calculating all your… Continue reading Financial planning begins with being honest about your financial position

Tips

Financial planning for families that want to get ahead

Financial planning for families is not an easy task. There are many expenses to take care of and it takes a lot of effort. You also have other things like retirement planning, college tuition fees and loan payments. It is a fact that Parents are delaying retirement to see their kids through university. However, a… Continue reading Financial planning for families that want to get ahead

Economic Advice

Five Classic Financial Mistakes To Avoid

Financial mistakes can devastate the life of you and your loved ones. Unfortunately, there are some classic financial mistakes that I have seen repeated time after time by different acquaintances. So how to avoid financial mistakes? Being aware of the most common traps makes you less likely to fall into them. Over ambitious house buying:… Continue reading Five Classic Financial Mistakes To Avoid

Financial Statements

Profit and Loss Statement – The Financial Statement that matters

Business or trade is all done with the idea of making surplus money. The surplus is known as profit in common parlance. Understanding the profit and loss statement is of utmost importance for a business person. It should not be left to an accountant. First thing is Profit and Loss statements are not complex. They… Continue reading Profit and Loss Statement – The Financial Statement that matters