Category: Budgeting

Many folks don’t realize how much money they spend on insurance premiums. Car, life, home, contents insurance, and extended warranties can be costly. Insurance is risk assessment and coverage. It deals with the future, so, like all decisions, we need to go to Jesus for guidance. Only He knows the future. Every time we consider…

I recently read an article about Parkinson’s Law. I’ve heard of Parkinson illness but never knew about of Parkinson’s Law. Parkinson’s Law could be more generalized still as: “The demand upon a resource always expands to match the supply of the resource.” This law can be applied to individual too. As an individual’s income rises,…

When you think about buying a car, most of your energy goes into searching for the correct car. While it is critically imperative to look for the right car model, it is more important to understand how you will pay for the vehicle. The numbers game is all about searching for the correct tools that…

The United States is one of the few governments that attempts to collect tax on its citizens, no matter where they may live in the world. However, for years expatriate Americans simply did not file returns, secure in the fact that they were under the radar and faced few consequences for not filing. This has…

Money is anything used for the exchange of goods and services. Money is, in the world of commerce, what blood is to the human body. The roles money plays in our daily lives cannot be over-emphasized. It is pervasive, yet very few people understand how to deal with the challenges arising from the use of…

Whether your funds are limited or you just think it is crazy to spend a fortune on your wedding, you do not have to forgo a memorable wedding reception just because you have a tight budget. With careful planning and a little creativity, you can throw a party that everyone will have a blast at…

Matching principle is the foundation of accrual accounting and revenue recognition. According to the principle all expenses incurred in generating the revenue must be deducted from the revenue earned in the same period. This principle allows better evaluation of actual profitability and performance and reduces mismatch between when cost is incurred and when revenue is…

It is only to be expected that those planning to stay in Kuwait for a prolonged period of time, would be most interested in gathering basic information regarding the Arab state. In particular, such individuals would most likely be searching for reliable information regarding Kuwait’s cost of living. Kuwait is, after all, unlike most locations…