The Power of A Surplus Fund
Surplus Fund Surplus refers to an excess or extra amount beyond what is needed or expected. In the context of finances, a surplus typically refers to a positive balance or…
Financial Balance
Financial Balance is the equilibrium between income and expenses. The importance of financial balance is achieving long-term financial security and goals as well as managing income, expenses, savings and…
Do you really need a budget?
Whether you really need a budged depends on your financial goals, circumstances, and personal preferences. However, having a. budget is generally considered a prudent financial practice for several reasons.…
What You Should Know About Budgets
It is probably impossible to talk about finances without considering the role that budgets play in your financial success. Knowing what a budget is, its importance, and how to create…
7 Reasons Why Budgets Fail & How to Make Them Work
Creating a well-designed budget can help guide you to financial stability. However, more often than we would like, budgets fail. If we can understand the 'why' behind budget fails, we…
4 Simple Steps to Teaching Finances to Your Children
When it comes to finances, it's never too early to speak with your children about money. The financial world we are living in is changing rapidly. In this new landscape,…
Bank or Credit Union: Which is Best for You?
Are you looking to open a new credit card account, get a loan, or start saving? If so, choosing the right financial institution is an important decision you will have…
What You Should Know About Credit
When it comes to your finances and your credit report, what you don't know can hurt you. To help you avoid financial pain and frustration, this blog will share what…
What Are the Different Types of Spenders?
One way or another, we all spend money. As a branch manager of a financial institution, and a loan manager for many years, certain patterns have become evident. Yes, we…
Creating a Financial Vision Statement
In our previous blog, we talked about settling into the reality of the 300 plus days ahead and making financial success a priority. At the beginning of each year, we…