Thursday, February 13, 2014

In any purchasing decision you make in life you must match your needs with the features of the product you are purchasing in order to make the best decision. This also applies when you are investing in personal finance software. You don't want to invest in a package that is too complex for your needs or has functions that you will never need to use in the future.
Having gone on line to research the best software packages on a well known UK retail site I analysed two categories in the following categories
Software >business and office>personal finance and tax
Software >Home computing>personal finance and tax
I then looked at the best sellers and in my mind I was going to review software packages about personal finance. However when the product features mentioned "creating invoices" and "tracking sales" I suddenly realised that this was not the software that I was seeking. This software was very much geared to accounting or book keeping. Therefore the category above business and office does not seem the appropriate category. I would regard business and office as pertaining to stand alone office building remote from one's own home.
I then decided to go back to basics and look up the definition of personal finance which is "the application of the principles of finance to the monetary decisions of an individual or family unit. Tracking sales and creating invoices would be associated with a small business carried out by a sole trader or a partnership perhaps. Because "and tax" was added to the personal finance category meant that accounting and self assessment software would be included in this category.
Therefore it is very important to check thoroughly your needs before investing in personal finance software. You don't want to invest in a package that is too complex for your needs or has functions that you will never need to use in the future. You should take the following steps.
1 List down the reasons why you need the software.
The following hypothetical list is an example.
-Keeping track of bank accounts, credit cards and loans and savings.
-Keeping track of investments i.e. stock market, bonds and mutual funds
-Keeping track of insurance, i.e. life insurance and health insurance.
-Monitoring of individual or company based retirement plans.
-Income tax management.
-Monitoring standing orders and direct debits
-Budgeting for future spending
2 Cross check the list in 1 above with what the various software packages have to offer and come up with a best fit.
3 Read reviews on the products that you have chosen in 2 above and chose one package based on the best ratings.
If you follow the points above you will end up buying a personal finance software package that is specifically tailored to your needs and more than likely give you value for money. Therefore you must look before you leap.

Saturday, February 8, 2014

29th January, 2014

Finance officer
The 4 page letter _______ Corporation PLC
578, lil wayne Mawatha
wiz khalifa

Dear Sir,


I would like to take this opportunity to thank your staff to help us to success our AGM held on 29th November 2013

Further, to the above Under the Receipt No: 3837 we have paid Rs. 20,000.00 of Refundable Deposit as reservation fee for Auditorium and up to now we have not received the refundable deposit

Therefore, we kindly request you to set it off the same deposit from the Snack bill which is payable to Lanka Hospitals

Details about the same is as follows

Bill No / Receipt 
Rs. Cts
Snack Bill
Reservation Fee
Balance to Be Paid

Further, here with we sent the balance Rs. 5,125.00

Thank You

Yours Faithfully


chris brown

Taylor swift Management Corporation

Friday, February 7, 2014

When you look at the compatibility offered by credit cards, you cannot prevent yourself from buying it? However, your reaction is totally different when you get your first bill. In such a situation, a person feels like pulling his hair. The attitude of a credit card company changes with the passage of time. What is personal finance and how can it help you in the present troublesome situation. If you purchase personal finance services, you will get rid of various financial problems. For instance, you will have to worry about a pending credit card bill.
How will you approach a relief firm?
You may know everything about your case but presenting it in a professional manner is a very different task. A technical company which has immense personal finance knowledge can accomplish this goal for you. Obviously, it will not do this for free. Every firm has a different cost structure. Before you can plan your settlement process, look for a professional personal finance firm. There are various ways to do this. Internet searching is the most effective option. Go online and start looking at the listed companies. See what each one of them has to offer.
The next step is to compare these firms. Look at the advantages and disadvantages of each one of them and see which one will suit you the most. Now, how do you ensure whether your finalized firm is legal or not? Have you heard about an indirect network? These networks work with all the legal companies. The focus here is on the word legal. If the firm which you have finalized is not listed with this network, it is illegal. This is a very important way to identify scams. It will save a lot of money for you. It is strongly discouraged that loan takers should contact settlement companies in a direct manner.
There are various logical reasons behind this. For instance, you will not be able to bargain in terms of prices. There is no advantage in paying hundred dollars for a hat when you can get it for fifty dollars. A logical approach is to contact a personal finance company through a professional relief network. All the firms which have delivered state of the art results are listed with these networks. Hence stop wasting time in searching on the internet. Personal finance companies capitalize on the recession conditions. Thus, once these conditions are over, you will be able to get reductions through settlement options.

Wednesday, February 5, 2014

Managing your personal finances is considered to be one of the hardest things to do. The good news is that you can now easily deal with the stress that is usually characteristic of budgeting or managing personal finances. All you need to do is to start using personal finance software. A nice feature about the software, is that it has helped many people stay on track to reach their dream of financial freedom.
What is Personal finance software?
It is simply a financial tool designed to assist you in preparing budgets, tracking expenses as well as providing an overview of all your finances. This is important because at any given time, you can tell at a glance, exactly how you stand from a monetary viewpoint. The software features a variety of functions and capabilities which collectively make it easier for you to manage your finances. Consequently, you will be able to save on both time and money. It also helps keep you organized and ensures that you are not mired in debt.
Other great features of most software designed to handle personal finance include:
  • Financial analysis: With a little accounting background you will be able to analyze your finances unaided. In fact, using the software you will be able to carry out detailed analysis of your finances. As a result you will have a better understanding of your monthly expenses among other things. Furthermore, personalization of the finance program will allow you to create specialized analysis from which you will have a better understanding of how you actually spend money on a monthly basis.

  • Budget creation: Using your basic information, the software will help you come up with a simple and realistic budget that you can easily use and stick to.

  • Keeping track of your finances through checkbook balances and bill payments.
When using the software, you will get notifications reminding you to make payments. This will help prevent having interest rates shoot up for failure to pay bills on time. You will also be able to easily balance your check book. In the process, you will discover any amounts withdrawn from your account for any suspicious activities. From all this you will have a better understanding of how your finances are fairing.
Personal finance software has already proven to be a very effective way to keep track of finances for many individuals. With your commitment to start using it in 2013, you will become more productive with your money and on your way to reach financial freedom!

Saturday, February 1, 2014

Many people entering the workforce today are making money, but are struggling to manage it. For many, personal finance is a mystery. They struggle to understand the basic personal finance principles, concepts and ideas.
Are you one of those who are struggling to manage money? Then seek assistance from the experts in the field. Read their books and learn the basics of personal finance. Gain the knowledge of saving and compounding your wealth over a period of time.
Here is a list of top 10 books on 'Personal Finance' which will help you manage your finances in the right way.
• The Total Money Makeover: Dave Ramsey
Dave Ramsey gained popularity as the author of the best-selling book, 'The Total Money Makeover'. In this book, Dave provides simple personal finance advice on how to get out of debt, no matter how worse the situation is, by falsifying popular myths. He explains the concept very clearly using simple techniques, so that even a layman can understand and follow. The strategy involves how to pay-off debts by focusing on paying-off small debts first, while paying only the minimum for all other debts.
• The Millionaire Next Door: Thomas Stanley
The best-selling book 'The Millionaire Next Door', authored by Thomas Stanley, identifies some common traits of Americans who have accumulated wealth. He says that most wealthy people do not live in Beverly Hills or on Park Avenue - they live next door. The author finds common connections among millionaires after conducting a survey on them in U.S. He discovered that millionaires 'live below their means' and this is the secret of becoming wealthy. The book "The Millionaire Next Door" examines both sides of wealth equation: saving money and earning money.
• Rich Dad, Poor Dad: Robert Kiyosaki
"Rich Dad, Poor Dad" covers Kiyosaki's philosophy and his relationship with money. The author has achieved his unique economic perspective from two different persons. The story is about two dads - one, the author's father, who was the superintendent of education in Hawaii, ended up dying penniless and the other is his best friend's father, who was a drop-out of school at age 13 and went to become one of the wealthiest men in Hawaii. Kiyosaki uses the story of these two men and their financial strategies which varied a lot. He illustrates the need of a new financial paradigm in order to achieve financial success in the new millennium.
• Your Money or Your Life: Vicki Robin and Joe Dominguez
This is one of the best personal finance books which focuses on how to gain control of your money and begin to make a life, instead of just making a living. The authors explain the concept of "time is money" in a very literal sense and how to transform your relationship with money and finally achieve financial independence. These authors encourage readers to sort out their priorities, cut expenses, and then to seek passive income and retire early in the pursuit of financial independence.
• The 9 Steps to Financial Freedom: Suze Orman
Ms. Orman, a former waitress and stockbroker turned personal-finance adviser, combined practical investment tips with more psychological advice in her first book "Financial freedom". This book teaches us how to approach money from a spiritual and emotional point of view. She advises people to do nine things in nine steps that are needed to attain financial freedom. She says, when we have power over our fears and anxiety, we have attained success to financial freedom.
• How to Get Out of Debt: Jerrold Mundis
"How to Get Out of Debt" provides step-by-step guide to getting out of debt once and for all. It is based on the proven techniques of National Debtor Anonymous Program. Jerrold Mundis was actually a debtor, and the story is based on his own experience. This book contains real tips and is based on real stories of people.
• Clark Howard's Living Large in Lean Times: Clark Howard
"Living Large in Lean Times" is a powerful guide to save money. The book covers everything from cell phones to student loans, coupon websites to mortgages, paying electric bills, and beyond. This book paves way to financial independence and wealth. It offers more than 250 tips on saving money.
• All Your Worth: Elizabeth Warren and Amelia Warren Tyagi
Warren and Tyagi will tell you the truth about money in this book. They show you how to balance your money, how to get out of debt, cover your bills etc. They make people learn how to balance money into three essential parts: 1) the Must-Haves (the bills you have to pay every month), 2) the Wants (some fun money for right now), and 3) your Savings (to build a better tomorrow). They help you to get your finances on right track. Warren and Tyagi advice not to keep complicated budgets. In this book, they both simply show a whole new way of looking at money and yourself.
• After Shock: David Wiedemer
An aftershock helps you know how to protect and grow your assets before, during, and after the next global financial/economic crisis. Placing your cash in on the best new investment opportunities will make you know which jobs, careers, and business sectors will gain the most rather than lose when asset bubbles collapse around the world. The author says that for those who act quickly, there is still time to protect yourself, your family, and your business in the coming 'Aftershock'. Thus, this book shows you what to do right now to protect yourself from aftershock before it's too late.
• The Money Book for Young Fabulous and Broke: Suze Orman
Suze Orman, the world's most trusted expert on money matters advises on how to get out of generation's debt in her book "The Money Book for Young Fabulous and Broke". She depicts the specific financial reality that young people encounter today by credit card debt, student loans, credit scores, buying a first home, lack of insurance (such as auto, home, health) and the financial issues of the self-employed. She says that this generation should be aware of the urgent need to take the matter under their control.
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