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Financial Planning

Living Trust vs. Will

December 3rd, 2014

When planning for the inevitable many individuals will come across the living trust vs. will decision in terms of how they plan on their assets being distributed and utilized after their death. There are many things to consider in how to utilize a living trust and a will effectively to ensure that your intentions are
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Credit Card vs. Debit Card

December 3rd, 2014

We all have them in our wallets, using them every day to pay for things without actually handing over physical cash. Credit cards and debit cards are both methods to make payment electronically, but there are significant differences in how they operate. Understanding those differences is important and can influence you decision on whether to
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Subsidized Loan vs. Unsubsidized Loan

December 1st, 2014

When approaching higher education, figuring out how to finance it can be a major consideration for many individuals. The Federal government, via the Department of Education, provides subsidized and unsubsidized loans to eligible students, at participating schools, funding the post-secondary education of many people. This guide will provide you with what you need to know
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ETF vs. Mutual Fund

November 20th, 2014

When approaching investing your savings the options available to you can be pretty overwhelming, especially with some investment products appearing to be the same. Exchange Traded Funds (ETF) and Mutual Funds are very similar investment products, but with some key differences that can have an impact on your taxes and your ability to buy and
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8 Tips for Raising Money Smart Kids

June 13th, 2014

Teaching kids about money can be a challenge as keeping them interested can be a challenge. The topic of money can come off as boring, if not done properly. This means that time needs to be taken to show your young kids how to be smart with money. Personal finance is something that young kids
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10 Best Free Business Accounting Software For Freelancers And Small Businesses

April 24th, 2014

Are you a freelancer or small business owner looking for an application that can help you with everyday accounting tasks? If so, you will surely benefit from business accounting software that you can readily download for free. To help you out on which application to use, we have listed ten of the popular choices available:
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Debunking Four Myths of Bankruptcy

April 3rd, 2014

Filing a bankruptcy can feel like stepping into a big bad world of blame, lacks and desperation. True, a bankruptcy is a grave moment in our lives, true the pinch of not having enough money or no money is harsh, but it is not something we can go beyond. Life moves on even after a
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Do You Think Too Much About Your Money?

February 19th, 2014

Who doesn’t want to be good looking and rich? But too much obsession with your money is just as bad as too much obsession with your diet. Taking any obsession to the extreme may result in what experts call obsessive compulsive disorder. Many people suffer from the problem of keeping their minds too occupied with
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Why Improving Your Credit Score May Be a Wise Resolution for 2014

February 19th, 2014

To many, it may appear that Americans are as addicted to credit as they are to their favorite latte, and the lending and credit industry has reaped the benefits, especially from those who have less-than-a-great credit score. One aspect of this fact appears to be changing based upon a recent announcement by federal regulators. The
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Traditional IRA vs. Roth IRA

November 22nd, 2013

After deciding to invest in an IRA (Individual Retirement Account) you further have to make the distinction as to whether you want to invest in a Roth IRA or a Traditional IRA. These two investment vehicles have very different tax implications so considering your specific circumstances is important. Traditional IRAs: These offer the benefit of
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IRA vs. Roth IRA

November 22nd, 2013

When choosing to invest in an IRA (Individual Retirement Account) itâ s important to distinguish between the types of IRA that you want to invest in. The common IRA vehicles are the traditional IRA and the Roth IRA. Traditional IRAs: These offer the benefit of allowing you to deduct the contributions you make now from
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What Does an Actuarial Analyst Do?

November 22nd, 2013

Many companies are awash in various finance types who summarize and present all sorts of financial information. Large corporations and companies in certain industries (insurance, financial sector, accounting firms) commonly have another role in finance for actuarial analysis. So what do actuarial analysts do? The actuarial analyst is a role typically used in a company
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Assets vs. Liabilities

November 22nd, 2013

Business discussions with your company accountant will almost certainly end up involving comments about either assets or liabilities, and if you’re lucky both! Assets are what the company owns and liabilities are what the company owes, easy. If we count everything in the office and then add up all our unpaid bills we know all
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How to Make Money with Money

November 22nd, 2013

It will come as no shock to most that the best way to make money is with money. The more money you have, the more additional money you can generate with that through investing and putting your money to work for you. Getting Started To get started you need money, how else are you going
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Analytical Methods

November 22nd, 2013

The selection of the appropriate analytical methods and techniques for assessing a business, or your investment, is crucial to correctly assessing the performance. Businesses generate all sorts of financial and non-financial information and simply choosing what exactly you want to assess can be incredibly difficult. Analyzing both your own business and an investment opportunity involve
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Capital Leases vs. Operating Leases

November 22nd, 2013

Many companies at some point lease an asset as an alternative to purchasing the asset out right, sounds straightforward right. Well…lease accounting can get a bit more complicated and the two alternatives for accounting treatment are substantially different. The accounting treatment for capital and operating leases is as follows: Capital Lease: The company is required
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ETFs vs. Mutual Funds

November 22nd, 2013

So you’ve decided to invest in the stock market but you’ve decided youâ re more comfortable investing in funds as opposed to picking individual stocks. Generally a good call for new investors, but now you have to decide whether youâ re going to invest in ETFs or Mutual Funds. While very similar in nature, there
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Debits vs. Credits

November 22nd, 2013

Accounting lingo can get a bit confusing at times and no where quicker than debits vs. credits. Most business managers and individuals without a finance background have found themselves buried in a torrent of debit and credit conversations with their accountant at least few times. Hereâ s a quick guide on what those mean. Debits
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Roth IRA vs. Traditional IRA

November 22nd, 2013

After deciding to invest in an IRA (Individual Retirement Account) you further have to make the distinction as to whether you want to invest in a Roth IRA or a Traditional IRA. These two investment vehicles have very different tax implications so considering your specific circumstances is important. Traditional IRAs: These offer the benefit of
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Lease vs. Buy?

November 22nd, 2013

Leasing or buying an asset can be a tough decision for any business to make. Which option works best for your company is contingent on a series of factors that every business owner or manager should consider. What is your cash situation? If youâ re cash strapped leasing may be your best option, as the
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