How To Teach Your Kids Financial Literacy

I’m sure there are many of you that have ran into a situation that due to a computer malfunction or power outage, a cashier had to count your change back to you manually but had a rather difficult time. Unfortunately, that’s just the tip of the iceberg as financial literacy for kids seems to be more of an afterthought than a requirement these days. Financial literacy for kids helps prepare them to be able to achieve their personal financial and life goals with knowledge, skills and … [Read more...]

How to Live on One Income Without Struggling Financially

Most couples have decided long ago that they would both enter the workforce, simply because they don’t think they can make it on one income. We’re here to tell you that it is possible to live on one income, and not worry about how you’re going to pay the bills. In this article are seven tips to help you not only survive but thrive on one income. 1. Stick to a Strict Budget To live off less money, you need to be very aware of your income versus expenses and make sure to keep them … [Read more...]

How Women Can Prepare Financially for a Divorce

Filing for a divorce is a huge decision, but even if you’re not sure that you are going to go through with it, there are some things that you should do to protect yourself financially. If you’re considering a divorce in Michigan, either you or your spouse must have lived in the state for a period of six months. If you haven’t, you might want to use this time to prepare financially.  Property Division in the State of Michigan In the state of Michigan, the property will either be … [Read more...]

Your Guide to Family Finance Management

Finance management is a life skill that it’s important to teach to children of all ages. At any stage in life, there’s always more learning to be done when it comes to managing money. No matter if your children are in elementary school or done with college, here are finance management tips to help you guide them through life! Young children Even young children can learn the value of money. At this age they are beginning to learn simple math and monetary values with their schooling, so … [Read more...]

4 Ways You Can Start Living With Less Financial Stress Now

More than three-quarters of Americans report that they are worried about their finances. That financial stress can have far-reaching side effects, making it difficult to focus at work, affecting our sleep schedules and more. Unfortunately, between mounting credit card or student loan debt and ups and downs in the economy, getting in control of our finances to minimize that stress can feel impossible.  With a few simple tips and strategies, you can take back control and start feeling … [Read more...]

How to Manage Your Finances In An Efficient Manner

The Importance of Finance Proper financial management underpins everything we do in our lives. Without the ability to manage your finances in an effective way, you will end up in a world of hurt and with a lot of debt. Being good with finances will make your life infinitely easier than someone who is bad with their finances. For example, you won't be crushed by interest rates and have to live paycheck to paycheck. You will be able to fly free like a bird without having to worry about your … [Read more...]

A Step by Step Guide to Framing Financial Strategy For Your Business

The financial structure of a business is what gives a business direction. It dictates whether a business can spend on a certain asset, how much it can spend, and also how much profit it can bring in. Needless to say, the integrity of this structure has to be intact for a business to succeed long-term. This process of maintaining a sound business financial structure is known as financial health. However, the mistake that most people make is generalizing this term and ignoring specific details … [Read more...]

Top 5 Tips on Keeping Your Business Financially Healthy

Ask any business owner, and they will tell you the same thing: the biggest challenge in running a company is staying financially healthy. After all, achieving the desired profit and revenue is determined not only by making the right investments but also in managing the company’s resources appropriately. And it’s crucial to carefully consider any decision relevant to the business before following it up with the intended action. So, here are some top tips to keep in mind to keep your expenditure … [Read more...]