Posted by moneymatters on May 9, 2008
Our small business is one of the initial steps we have taken to save for our daughter’s education. He bought it from his co-worker and I am little skeptical about this. If the business was doing good why did the co-worker sell it? Was he losing money instead of profiting from it? Well, only the colleague knows the answer to this. However here is the sales so far…… Eventually, this will help us to decide whether to keep the business going or sell it. Any comments are welcome. ( Please click on the image to view a bigger version)
Posted in business, childrend fund, finance, sales, saving money | Tagged: business, education, fund, profit, vending machine | Leave a Comment »
Posted by moneymatters on May 8, 2008
I will post my budget results on every first Friday of the month. ( I missed on this one by almost a week.) So, every first Friday of the month I will post the previous month’s results. So here is my April’s budget. I did quite good as I lived UNDER BUDGET and saved 180.59
Posted in IRA, budget, saving money | Tagged: budget, finance | Leave a Comment »
Posted by moneymatters on May 7, 2008
If you look up the meaning of the word “budget” in dictionary.com you will find that there are ten definitions listed for this word. However the best one that I liked was “the itemized allotment of funds, time etc for a given period of time”
I have learnt the importance of budgeting for the last couple of months. It has not only provided me with a history of my monthly expenses, it has also helped me to track down my un-necessary expenses and cut down on it. It has tremendously helped me to achieve my goal, and based on my budget now I can forecast how realistic my goal is. Now, I have an estimation of how much money I need every month for grocery, fuel etc to which I was oblivious couple of months ago. In other words living strictly by the budget it has helped me to save money and I have already reached the first goal of this year which is having a $1000 in my immediate saving account that covers any overdraft protection for checking account or any unexpected expense. Now I am on the voyage of saving $5000 until end of this year. I know that all I need to do to reach that goal is to follow my budget religiously. So, if you happen to read this post and have not worked on a finacial budget, please start immediately and you will not regret.
Posted in credit cards, finance, money, saving money | Tagged: budget, finance, money | Leave a Comment »
