Personal financial statements are the roadmap that guides us from where we are today, to where we want to be tomorrow. They also provide fixed points of reference from which we can measure our progress over time. PERSONAL FINANCIAL STATEMENTS There are two basic personal financial statements that everyone should prepare, or have a financial […]
One well-known fact of economic life is that a dollar received today is worth more than a dollar received a year from now. TIME AND MONEY The relationship between time and money provides the foundation for virtually every financial decision you will make. Whether you are saving money for a future event or considering a […]
Financial planning means something different to everyone. For some, it’s about getting by on their paycheck, for others it’s about watching the stock market each day. Unfortunately, very few of us feel prepared to meet our ongoing financial obligations and objectives. Worries about money have become one of the greatest anxieties of our day. Because […]
Budgeting is the systematic allocation of one’s limited resources (income) to a potentially unlimited number of needs and wants (expenses.) Budgeting your income, though often times tedious and difficult to maintain, can help you better control how your income is being spent. Some form of budgeting is a necessity if you hope to meet long-term […]
