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When you miss a payment, the costs can add up quickly. Here are some tips for avoiding late payments: https://lnkd.in/eVbvTp5h #MoneySavingTips #Budgeting

No one said that saving was easy. The 50/30/20 budgeting strategy is a simple way to allocate your take home pay to help ensure there’s some left over for savings. Want to learn more? We’re here for you: https://lnkd.in/ea7Gd4mC

Do you know how much you spend per month? The 50/30/20 rule is a budgeting method that involves allocating 50% of your income to needs, 30% to wants and saving the remaining 20%. It helps you better manage your finances without requiring a lot of time or effort. https://lnkd.in/dMgKbsdK

Did you know, on average, new budgeters save $600 in their first two months and over $6,000 in their first year? https://hubs.li/Q02Fwptb0 #calgarysmallbusiness #smallbusinessaccountant #yycsmallbusiness #truenorthaccounting #smallbusiness

If you are fighting an uphill battle when trying to save money every month, try this savings hack: Reverse Budgeting It can be so much easier than laboring through a detailed budget which you built from the ground up. Reverse budgeting works like this:  1.      When you receive income from working, automatically save/invest first.  2.      Second, pay your bills.  3.      Then third, spend guilt-free with the remainder. Reach out to us with any questions. We will help you! #budgeting #financialfreedom #personalfinance #financialplanning 

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The 50/20/30 Budget Rule! The 50/20/30 rule is a straightforward but useful budgeting technique that aids people in making prudent financial decisions. Here's a breakdown in points: 50% for Needs: Set aside half of your salary for necessities such as utilities, groceries, rent, and travel. Read More: https://lnkd.in/gN7AqV_8

Q.1 What is Accrual? Ans.1 Accrual means recognizing income or expenses when they happen, not when money changes hands. Example 1: You do some work for someone in December, but they won't pay you until January. You still count that money as income in December, even though you didn't get paid yet. Example 2: You get a bill for electricity used in December, but you won't pay it until January. You still count that bill as an expense in December, even though you didn't pay it yet. Accrual helps match income with expenses, so you can see how well your business is really doing. Common examples of accruals: - Salaries owed to employees - Interest owed on loans - Taxes owed to the government - Rent owed on a building - Utilities used but not yet paid for Remember, accrual is different from cash accounting, which only counts money when it's actually received or paid.

💰📊 Understanding the differences between checking and savings accounts is essential for effective money management! 🏦💡 Use checking accounts for daily transactions and savings accounts to grow your funds over time. 💸✨ https://lnkd.in/gE3xZXF7 #PersonalFinance #MoneyManagement #CheckingAccount #SavingsAccount #FinancialTips #Budgeting #SavingMoney #BankingSmart

THE ONLY BUDGETING METHOD THAT ACTUALLY WORKS 💸💸💸 Step 1: Figure out all of your expenses. Step 2: Create 3 accounts which will be your ‘buckets’ Step 3: Allocate funds to each bucket accordingly each month. Remember, you will most likely not get this right the first time. It may take a couple of tries to hit the sweet spot. Reach out if you need help 🙏 Nation Finance Group 1300 842 814 #christianthebroker