You might need to live on less, at least initially, when you start-over in a new field or ramp up a small business venture. A snapshot of your income, debts, and savings will help you see where you can make some adjustments. Ask what luxuries you can do without: Restaurants? Dry cleaning? Vacations?...
Bethany and Scott Palmer, authors of First Comes Love Then Comes Money: A Couple's Guide To Financial Communication, believe couples can't afford not to ask the following 20 questions before saying, 'I do.'
If you graduated from art school, a trade school, or even with a liberal arts degree, you know that they don’t teach you how to go into business for yourself.
Suddenly, besides designing and dealing with clients, we’re thrust into this world of accounting, bookkeeping, and finances. After all, a business that doesn’t make money is just a hobby, and it doesn’t put food on the table.
Unless you can afford an accountant, you learn about the financial side of freelancing on your own…and sometimes, through the school of hard knocks.
So I’ve put together a list of “beyond the basics” financial terms (with examples!) all freelance designers should know to help you get on the right track to a profitable business…and understand your bookkeeping software.
he 25 largest banks in the country had a rather exciting first week of January. According to data released by the Federal Reserve, depositors withdrew an astounding $114.1 billion during the week ending January 9. A significant portion of this withdrawal can be attributed to the expiration of the Transaction Account Guarantee (TAG) program.
The TAG program provided extra insurance protection for depositors, ensuring their balances, in case their bank becomes insolvent. Extending TAG was part of the fiscal cliff negotiations, but it didn’t make it into the final agreement.
We looked at investor losses, Securities & Exchange Commission and Department of Justice enforcement actions and private lawsuits, as well as societal impact, to come up with our picks for the ten biggest frauds in the U.S. of the past quarter century.
