Tag Archives: Personal Peace

Getting Savvy with Your Financial Statements

Most of us were not born reading profit and loss statements, cash flow statements, and budgets. In fact, most of us who start our own home based businesses may not have really had the opportunity to work with detailed financial documents much in our previous life and it may seem incredibly daunting now that we are responsible for this fledgling company’s financials. It is possible to learn, however, and I do believe that anyone can get comfortable and savvy reading and understanding financial documents. For most of our small businesses, there shouldn’t be a lot of financial statements to contend … Continue reading →

List of Financial Goals

As I was writing yesterday’s blog entry on setting your financial priorities, I started thinking about all the different financial goals we might have. I thought it would be helpful to list some, and invite my readers to add any more in the comments. Having a list to work from may also help you narrow down which of these apply most to you. Common Financial Goals: 1. Buy a house. 2. Save for retirement. 3. Retire early. 4. Quit work to stay at home with kids. 5. Take an extensive vacation – around the world, to Europe, etc. 6. Pay … Continue reading →

Too Big of a Price Increase

Price increases can be an extremely touchy subject in many businesses—small or otherwise. While they are inevitable and you will likely have to wrestle with how and when and what to do regarding a price raise at some point or another, figuring out how best to go about it can be tough. One thing to be extremely careful of, however, is too large of a leap or too big of a price increase. I have recently been working with an organization that raised prices on a certain service by 150% in the course of one month. Something that had cost … Continue reading →

Take Time to Serve

It is important to take time on a regular basis to serve others. This can be in small ways and sometimes in larger ways. I think that one of the biggest benefits of service is that it helps you to think beyond yourself. This is especially true if you go outside of your normal comfort circle. This last year has been a tough one for me, but as I look back at the times when I had the opportunity to serve others, I have realized how happy I was during that time. Here are some areas that you may consider … Continue reading →

Teach Your Children Why They Should Manage Money

You can teach your children how to budget, how to save, and how to shop sales, but if you neglect to teach them why they should do these things, it will doesn’t matter that you taught them everything else. It is important for your children to learn the reasons that money management is so important. This will help to motivate them to do it the right way when they grow older. Here are four things you can do to teach them. 1) You can show your children what happens when money is managed poorly. One way is to give them … Continue reading →

Money Week in Review October 14 – 20

In Measure of Success Debbie offers great insight on what it really means to be successful with your money. She also gives suggestions to help you be truly successful with your money. In 10 Ways to Spend Fun Money Miriam shares her favorite ways to spend her free money. She also asks for your suggestions. What do you like to spend your fun money on? In Do You Have a Dream Salary? Miriam points out that making a lot of money is not going to solve your financial problems. It is important to manage your money so that you can … Continue reading →

10 Ways to Spend Fun Money

One of the most important keys to having a budget work is to have money set aside for frivolous spending. The amount varies depending on your budget and how tight you are, but that money is a key in helping you stay on budget. It can save you from going crazy and spending even though you do not have money to. You can spend hours thinking about ways to spend the money and decide the best way each month or you can save it for a few months and get a large ticket item. This is money you don’t have … Continue reading →

Measure of Success

Many people I know view financial success as the ability to have enough money that you don’t ever have to worry about it. Really though, should you ever stop worrying and thinking about money, no matter how much you have? No one likes living from paycheck to paycheck, but even if you make ample money to cover your bills – you should still have a budget. For some, budgeting sounds like something only those with little money do. In reality, this couldn’t be further from the truth. Success with money is not measured by how much you have in your … Continue reading →

Money Week in Review: September 30-October 6

There were a wide variety of topics covered in Money this last week. You can learn a little bit about saving, handling your accounts and helping others. Has a check you have written become lost and stolen? You can learn what you need to do to protect yourself in Stopping Payment on a Check. This also talks about what the bank does to stop payment. Miriam encourages you to work with your spouse when it comes to money in Work Together on Your Finances. This blog emphasizes the importance of starting by planning together. After you have done the initial … Continue reading →

Work Together on Your Finances

One of the most important things you can do to reach your financial goals is to do your budget and financial planning with your spouse. It may seem difficult because you have different management styles or goals, but bringing this inline with each other will help you move forward much faster. Also if you are not on the same page, you will fight about money constantly. You can prevent this when you plan together. You need to realize that you should both compromise so that you can make a plan that works for you. If one of you feels the … Continue reading →