As a young adult in your 20s, you may often think that you have your whole life ahead of you and that you can afford to make risky financial decisions. It will always benefit you to keep track of your spending and saving…
If you haven’t previously had credit, you need to take a few steps towards building a strong credit record. Make 100% of your payments on time. One of the easiest ways of establishing a god credit record is by paying on…
Owning a car comes with a number of responsibilities. One of them is insurance. Insuring your car is essential, no matter which way you look at it. Why is car insurance necessary? Car insurance covers you if you are responsible…
With improvements in technology, the world of banking has experienced a dynamic shift. Banking institutions are required to keep up with changes, while offering customers a unique and seamless banking experience. On a global scale, banking institutions are expected to buy the very…
There is no getting around the fact that the internet has changed life as we know it. From emails to live streaming to the way that we bank- the digital revolution is in full swing. For banks all over the world, innovations…
For parents, teaching their children about managing money from an early age can be a good way of instilling positive financial behaviour. Not many parents are clear about how soon they should introduce the fundamentals of money management to their children, but…
The investment of funds has a number of benefits for individuals looking to build their wealth. Financial stability Investments that are managed well could potentially enable individuals or organisations to become more financially stable. If returns are made on the investments and income can be earned,…
Banking institutions have a number of basic functions. In recent years these have evolved to serve the changing needs of consumers. Understanding the most modern functions of a commercial bank can help in terms of figuring out the best ways to make use of services. At a basic…
Running a business requires a fair amount of dedication and discipline. While many business owners tend to get caught up in the day-to-day running of things, they often neglect to take care of business record keeping. In reality, keeping good records makes accounting and…
Financial records are documents that represent transactions of an individual, business or any other organisation. They typically include: Cash flow statement Income statement Balance sheet Tax Returns Statement on retained earnings It’s useful to monitor them because they provide financial clarity. They essentially aid analysis. They can be…