Archive for October, 2008
Personal Finance And Budgeting
October 31st, 2008
Question: What are some good books about learning the basics of Personal Finance?( Canada)?
I'm looking for a book about Personal Finance. A book that explains in a simple vocabulary, how to:
- budget/manage your money
-TIps on do's and don't about money. Depending in what cycle you are ( ex, close to retirement, what not to do with your money)
- Information about Garanteed investments Certificates.
- Canada Bonds
-Basic information about Mutual Funds
- Information about life insurance (Is it good to let go of it when in mid 50's?If not why? what are the dangers of not having one?)
-RESPs
and tips on to make the most of your money and make it last.
THE BOOK MUST BE IN FRENCH!!!!
** The book I'm looking for is for a recent widow who's husband was the one taking care of the finances. I want to find a book for her so that she can know more of what is out there. What to watch out for and how to be more financialy independant and financialy wise.
Answer: book called financial accounting
How to Set a Budget : Personal Finance Tips
Posted in Personal Finance | 
Tags: budget, finance, money, personal finance and budgeting, personal finance and budgeting software, tools, web2.0 | 
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Business Commercial Finance Mortgage
October 31st, 2008
Question: Could someone explain these terms or just a part of them? - sources of finance for business?
Could someone explain these terms for me? Thank you!
Hire purchases
Venture capital
Share issued
Commercial mortgage
Business Loan
Overdraft
Debt factoring
Sales of assets
Owners’ capital
Answer: This sounds suspiciously like business school homework...but I love homework!
Venture capital is the profits from a business you start.
Share issued: some businesses are broken up into parts that can be owned by many individuals rather than one or two owners. Sometimes those businesses give part of the company to new employees or to a member of the board of directors for a business. This means that whoever the share is issued to now owns part of that business.
Commercial mortgage is a loan for property strictly used for a business that buys and sells things (like a loan for a retail store).
Business loan is of course money borrowed for your business to be used for any business-related reason.
Overdraft is what happens when your bank accout is out of money and you write a check; it "bounces" and your account has a negative dollar amount.
Debt factoring is something the loan officer does when either approving or denying your loan. They take all the other debt you already have and decide whether you can afford to make the payments for the loan you are trying to get.
Sales of assets is simply selling anything that is of value. For a business it could be equipment or property--anything people or other businesses will buy.
Owners' capital is the money made from the business for the owner of the business.
Hope this is helpful.
Expand Into Non-Mortgage Commercial Business Loans