Tag: expenses

Variable vs fixed costs

When we are managing our budget, no matter if it is a business or personal life, we need to realize there is a difference between types of costs.  I am talking about variable versus fixed costs.  Variable cost can be defined as a cost…

Family time

In our society today, money is necessary to purchase food, gas for transportation, pay for our mortgages, monthly bills, college education, entertainment, and so much more.  For most citizens, it is imperative to have a job to earn money to continue living a standard…

Financially responsible vs frugal

Since I can remember, I have always been extra picky about what I buy.  At one point when I was visiting my family in Canada, I went to a local convenient store with my Uncle and purchased a pack of gum.  As I opened…

Creating a business plan

Similarly, setting goals in your personal life, a business plan is crucial to running a successful business.  If you own a business or are starting a business, you will want to have a document titled, business plan.  In my experience, you will want to review this…

Preparing for a child

How does one prepare for a newborn child for the first time?  Of course, you will need buy clothes, diapers, furniture for the baby room, and be willing to adjust your sleep schedule.  But what about the impact of  these new purchases and the…