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How to Create a Life Budget

July 2nd, 2012 | 1 Comment | Posted in Business

Constantly find yourself living in your overdraft? Try to save for things but rarely achieve it? Go to the cashpoint only to find you’ve underestimated what you’ve paid out?

It’s a common problem. Many of us struggle to keep control of our finances, ensure all our commitments are met and still have some left over at the end of the month.  Whatever you earn, following some key rules can really help improve the way you manage your money.

The first rule?  Be honest with how much you’re spending and on what.  Most of us keep a mental track of what we are spending, but many of us vastly underestimate just how much we spend and when, then when we go to the cashpoint find our balance is not quite what we expected.

Making a note of what you spend each day can be very useful, if a little cumbersome.  The best place to start is by setting out a life budget to help you manage the commitments in your life and a more positive financial outcome.

Make a list of all of your outgoings and how much you need to budget each month, such as:
Mortgage/rent – probably your most significant expense.
Car and travel – if you are struggling to meet expenses, give some careful thought to your needs.  Do you really need to own and maintain a car?
Utilities –this is a critical expense, but make sure you get the cheapest gas and electricity to minimise your regular payments.
Insurance – whatever insurance you have and need, make sure you regularly review your cover and payment terms.
Mobile phone – again, critical for most of us, but make sure you shop around for the right deal to suit your needs.
Food/housekeeping – be honest, how much do you really spend and can you be more economical? Many of us eat out very often and have excessive supermarket bills, try buying what you need as you go, you could save a third off your shopping bill.
Clothes/social – think about what you spent last month (actually) and budget appropriately.
Savings – no matter how much, it is important to try and contribute to saving regularly.

Setting up an Excel spread sheet with a monthly planner listing all your outgoings can really help focus your mind on your money and actual commitments.  More importantly, it can help you forecast for the year including planning for major expenses and savings goals.
Always keep an eye on your bills and make sure you seek out the best deals on everything you purchase.

The Two Types of Insolvency

April 29th, 2012 | 1 Comment | Posted in Legal Services

The legal term “insolvent” is a frequently misunderstood word because it encompasses two separate concepts which are uniquely different from one another. Although there are many financial states and conditions which are intentionally designed to be vague so that there is some wiggle room for financial freedom, the status of a company or corporation being insolvent is clearly designated and defined by the United Kingdom’s Insolvency Act 1986. This act clearly defines the true state of when a company or corporation is actually insolvent and also supplies the legal processes and jurisdiction of the law as well. Unfortunately, because of the complexity of this act as well as the legal term itself, the terms “insolvent” and “insolvency” are widely confused by the general public and sometimes even by the companies who find themselves in such a financial position. Understanding the two different types of insolvency can be quite beneficial in realizing what necessary processes and actions a company must undergo when they actually become insolvent.

When a company is insolvent it simply means that they theoretically are not acquiring enough funds to properly pay their due bills. The term used in this sense is quite general and very corporal. The two states of insolvency are known as cash flow and balance sheet and both terms are unique from one another. Cash flow insolvency is when a company just does not have the actual cash or credit to pay off their debts while balance sheet insolvency means that their umbrella value exceeds the amount of the debt they need to pay off. It is indeed possible for a company to be cash flow insolvent but not balance sheet insolvent and vice versa as well. When a company or corporation facing these dire situations understands the difference between the two types of insolvency they can have a lot more financial freedom to make effective plans to pay off their debt.

Choosing a Chicago Business Program

April 25th, 2012 | 1 Comment | Posted in Education and Training

If you need to decide on a certain Chicago business program to go with, it will be important to make sure that you take enough time to look for the right place to go to for your education and training. After you have taken the time to do this research, you should be able to find exactly what you need when it comes to the right business program in the Chicago area. Since there are going to be so many different options, it will be imperative to make sure you review as many of them as possible online.

With the right Chicago business program you will be able to get what you need in order to get your start in this type of career. Those who want to make more money than they presently area will need to make sure that they do everything in their power to get just what they need from a quality educational institution. The more research you do into colleges and universities in this area the better, because you will need to have a clear idea of exactly what you have to choose from.
Those who dedicate enough time to find the best Chicago business program will end up getting just what they need when it comes to a quality education and as a result a good job after graduation. If you are interested in getting a job in the business field, you will need to first receive some sort of degree that will help you to get the kind of job you want. Even though it may take a little while to look around for the best business program in Chicago and apply, in the end you will be glad you did it because of how it will end up benefiting you.

Vivint Security is NOT a Scam – Great Company

March 26th, 2012 | 1 Comment | Posted in Business

If you the put the name of any company into a search engine on the internet then it is almost guaranteed that you will come across some bad reviews. This is just the nature of the business and the fact is that no company has a 100% satisfaction record however there is a big difference between a bad review and advocating that the firm is running a scam. Vivint, a Utah based home security and automation company that is also breaking into the alternative energy market, has been labelled as a scam on several occasions on the net however what we are hoping to do here is prove that it is a genuine and legitimate business and that the scam accusations are unwarranted and false.
Let us put this into perspective. The company itself has been involved in home automation and security for over a decade now (it traded under the name APX from its beginnings in 1999 to a restructuring in 2010) and currently has a client base of around half a million households. In addition to this it has received certification from J.D. Power and Associates a leading market research company that has a strong reputation around the globe. So, with this in mind, can we really call Vivint a scam?
The answer is a resounding no. When pressed, the people who advocate that there is a Vivint scam, cannot come up with any credible evidence that there is and the fact that the company is highly regarded within the security and automation industry and currently supplies to around 500,000 households surely proves that they are a legitimate business? If there was a Vivint scam then why would so many people put their trust in them to protect their home? Any talk of a scam with Vivint is confined to the internet and, most certainly, untrue.

Buying Financial Software Online

March 21st, 2012 | 1 Comment | Posted in Computers

Almost every business uses computers to a certain extent and you would be hard pressed to find one that does not; even the smallest of businesses will now use at least one computer to help calculate and sort out their payroll etc… However, financial software can often be tricky and complicated although there are a great number of packages that can be found online.

Getting a software suite is your best bet when it comes to buying this software because this means that you can incorporate many aspects of the business’ finances all from within the one software package. For instance you can get programs that deal directly with receipts and expenditures so that you will always have a receipt of your outgoings. In addition to this software also exists that can make the whole payroll issue much easier and help to ensure that everyone is paying the right tax and also being paid the right amount and on time as well. Beyond this, packages also exist so that you can do much of your transactions and banking online making it much quicker and easier to send money from one place to another.

In essence, this software is there and has been created so that you can have a much smoother business process. Many places do still rely on paper records however this is not always the best route as they can become easily lost or damaged and it is always a better idea to have a back up or to do it all electronically. What this software and suite does is make everything relating to your finance and your financial records much easier to handle and ensure that everyone is paid the right amount on time and that you have an accurate account of all your financial dealings.