Earning a six-figure salary assumes you earn a gross amount of at least $100,000 before tax is withheld by your employer. Generally when people are asked the question “How much do you earn?” the answer may come back as something like: “I’m on a low six-figure salary” – which would imply the person is earning… Continue reading How Much Is 6 Figures Really?
An offset account is generally a transaction account whose balance reduces the loan balance. For example, if a home loan balance is currently at a balance of $300,000 and you have an offset bank account which contains a balance of $20,000 then the bank when calculating the interest charge will do so based on a… Continue reading Does An Offset Account Reduce Monthly Repayments?
Bitcoin continues to power through to new levels, now seeing itself with a market capitalisation of US$1 trillion – an eighth of the market capitalisation of gold! But with all the hoo-ha that has surrounded its meteoric rise and how some popular companies, such as Tesla, have invested in it with over a billion dollars,… Continue reading What If GameStop Declares They’ve Invested In Bitcoin?
Not sure if QuickBooks can take your personal finances to the next level? It definitely can! There’s just 4 things to be mindful of before you sign up.
If you’re looking for a simple yet powerful cash flow forecasting spreadsheet then our free cash flow Google sheet can help you provide a deep adaptive analysis on your cash flow projections over whatever period you desire.
Do you budget? No? Is this because you’re afraid of what it might reveal, and are running scared of the changes you might need to make? Budgeting allows you to acquire a superpower, the ability to know what to do in the future and how to control your finances.
If you’re new to budgeting and are looking for a quick way to “budget” then the 50/30/20 could be an easy way for you to get started. But is the best method?
If you’ve read my recommendation on why you should be using Quickbooks Online to help manage your personal finances then your first objective is to get started setting a chart of accounts, and the easiest way to get started is to map your chart of accounts into an Excel file as this is what will… Continue reading How To Easily Import Chart Of Accounts In Quickbooks Online
If you are an eager budget beaver like me then you’ll come at a point in your budgeting life where you will soon discover that the free or paid versions of organising your money just doesn’t quite cut the mustard. I have used many free and paid version apps that try to help me keep… Continue reading 11 Ways Quickbooks Online Enhances Your Personal Finances
What is a reverse budget and will it help me with forecasting and getting on top of my cashflow easier?