Your business will be healthier if you manage your cash flow toward the profit line. How? Let’s look at some tips: When cash flow stays positive, your business can survive turbulent times. Use your history and sound financial data to
Health care is expensive, more people are living longer and the market is on a roller coaster. Worrying about running out of money in retirement is not unfounded. But with financial planning, you can get some breathing room, so you
Want to make sure your tax paperwork is organized? Keep excellent records all year. That way, after the end of the year, you just gather applicable tax documents that arrive in the mail or become available online. Ensure you’ve received
Reality check: Today, one year at a moderately priced private college averages $47,831, while an in-state public college averages $24,061, according to CollegeData. And heaven knows how much a college education will cost by the time your child is ready
The first step in financial planning is determining your short-term (under a year), mid-range- (three to five year) and long-term (over five years) financial goals. The next step is setting a strategy that will achieve these goals. Many planners use
A budget is a planning tool that reflects an organization’s programs, mission and strategic plan. The process should begin at least three, maybe even four months before the end of your nonprofit’s fiscal year — you need enough time for
Maybe you spent most of your early career working paycheck to paycheck. Perhaps your savings went to college funds for your children or paid off old debts. Whatever your circumstances, it’s never too late to build a nest egg. Follow
When it comes to financial planning, few things are more important to a nonprofit than the creation of the budget. It’s how the board of directors and staff plan for income and expenses. Approval of the annual budget is a
Do you have a tax-saving flexible spending account (FSA) with your employer to help pay for health or dependent care expenses? As the end of 2021 nears, there are some rules and reminders to keep in mind. An account for
If you’ve worked to build a large estate, you undoubtedly would like to leave a lasting legacy to your children and future generations. Educating your children about saving, investing and other money management skills can help keep your legacy alive.