Accounting Solver

July 30th, 2008

SPENDING FUTURE INCOME 5

If your household’s lifestyle pushes you to keep spending income several months into the future, to live beyond your means and to rely heavily on credit cards, you probably have a credit score below 600. This puts the interest on your credit cards higher than 18% or at least an addtional annual expense of […]

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July 30th, 2008

SPENDING FUTURE INCOME 4

If your household’s lifestyle pushes you to keep spending income several months into the future (i.e., live beyond your means and rely heavily on credit cards) and are unable to save at least 5% of your monthly income, you are in DANGER.
You are living on the edge of a financial disaster. If any kind […]

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July 28th, 2008

SPENDING FUTURE INCOME 1

Credit cards enable you to spend future cashflow, income that you haven’t earned yet but expect to earn with some certainty (e.g., regular paying job, income from own business, etc).
Credit cards are temptations to live beyond your means. You are living within your means if you are able to pay off the entire balance […]

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May 14th, 2008

TAKING CHANCES 3: Betting on a sure thing

Whenever you use your credit card for a purchase or any expense payable through a credit card, the issuing bank or credit card company is betting that you will not pay your whole balance within the free 30-day grace period and they will earn revenues from your account. By paying the whole balance before […]

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March 5th, 2008

ACCOUNTING PR

Any business (especially small businesses, single proprietorships, partnerships) should build excellent PR with all their publics and stakeholders (i.e., customers / clients, stockholders, its own employees, the community where it does business, the media, government regulatory / supervisory agencies, civic organizations, even the churches, etc).

Eric Eggertson at http://www.commonsensepr.com/ can show you how.
One of […]

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