Category: Budgeting

Saving becomes a necessity once people get close to the retirement age. At that stage in life, saving is not just an option, but it is a key to having a stress free retirement. However, having plenty of savings do not guarantee a stress-free older age upon retirement. With countless responsibilities, upon retirement with no…

One of the biggest headaches brides face when getting married is the reception. Not only is it difficult to plan, what with having to find a venue, deal with seating arrangements, consider the entertainment, and create a menu, but it is also very expensive! Brides on a budget often worry about what they will serve…

As we grow from children through the teenage years and into young adults we are taught many things, both from our parents and through school, but the one thing the vast majority of people are never taught is how to budget money. Unfortunately this is the one skill that everyone needs to know. Keeping a…

An income-and-expense statement for real estate commonly used by investors as a guide to evaluate rental property performance is the annual property operating data, or APOD. In this article, we’ll look at the APOD and consider what it may reveal about a property, how it’s constructed, its strengths and weaknesses, and when it is best…

Accounting is usually boring and non-dramatic, except when accountants are faced with releases from restrictions when dealing with non-profits. This is when you see accounting types, such as CPAs and auditors, especially those with no non-profit background, laughing a bit too nervously. Blame it all on FASB 117! “Net assets released from restrictions” (NARFR) is…

Ever wondered how people can have so much clothes, so many accessories, and more shoes than they can go through in a year without wearing any twice? We are secretly envious of them and at the same time, we wonder what their secret is. Their clothes are clearly in great condition, no sign of wear…

“How come it costs that much?” That must be one of the questions that I hear the most often when I submit price quotations for kitchen cabinetry to homeowners. Although it is true that cabinetry can be designed to be low-budget, middle-range, or high-end, there are so many factors involved that can easily push an…

Yield capitalization is a method for opinions of value. It is also known as discounted cash flows and pro forma modeling. It is one of the four most commonly used methods of determining value of a property. Other three methods are Direct Comparison, Cost Approach, and Direct Capitalization. Each of these has a different procedure…