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Setapp Review – One Store to Rule Them All

Setapp icon

There are tons of new and unique apps individual users can download to Macs and iPads to increase productivity, accessibility, entertainment level, among so many other things. The downsides to downloading dozens of apps are the hefty monthly subscription fees that are sure to add up. This is where Setapp steps in. Instead of paying fees to individual apps, Setapp offers a compilation of Mac apps for a single monthly subscription fee. Sounds too good to be true? Go on and read this review to find out whether Setapp could work for you: How Setapp Works The founders have based their idea on streaming services. With the onset of streaming platforms, movie watchers didn’t have to pay for individual DVDs. Instead, they ...

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Avoiding Avoidable Financial Surprises

Avoid financial expenses

There are some bills that come due two or four times a year, such as car insurance, real estate taxes, and house insurance. Some annual special events require money, as well, such as birthdays and holidays. These can feel like financial surprises when it comes time to pay them because too often when something is out of sight, it is out of mind. Every time we get a pay check we portion some to rent or mortgage, some to the bills, maybe some to savings, and then some to us to spend. Or maybe we give ourselves a lot to us to spend. So Christmas comes up or the car insurance and all of a sudden we wonder where the money is ...

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The Money Machine 105 – Liabilities

Money liabilities

In my last post in this series, I talked about assets.  This post will cover the liabilities.  The assets are the things that have value and liabilities are the debts you owe.  I think most people understand this but here are some basic as well as more advanced concepts about it. Why Liabilities Are Bad Liabilities are the icebergs.  When things are going bad, liabilities make it worse.  Because, in most cases, you have committed to pay them even in the bad times.  If you were to lose your job, what are the payments you would have to keep paying?  And what are the assets that would keep paying you money in those hard times? So, what most liabilities represent is risk.  ...

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The Money Machine 104 – Assets

Money assets

Assets are probably the least understood part of financial statements.  Like I’ve mentioned before, I have a lot of education about finances and also work as a full time finance professional.  But even after all that technical education, I still did not have a fundamental common sense understanding of them. Firstly, standard, technical definitions of assets all orbit around the concept of how much an asset can be sold for.  The normal understand that most people have of them is that they are the big tangible things you own such as house, real estate, car, art work, tools, etc.  Both are correct …ish. The definition that I use is more nuanced than those.  I think that assets are on a scale between ...

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The Money Machine 103 – Revenue

Money Machine

As important as frugality is, we can’t save what we don’t have. And if you don’t have much coming in, then there isn’t much to work with. Also there is always going to be a limit on how much you can save. You’ll always have to buy food, water, heat etc. and because of that there will always be a limit on how much you can improve your net income through saving. A balanced approach takes into consideration all the other parts of The Money Machine. The two that have the potential to create revenue are the revenue part of the income statement (paychecks, etc) and the asset portion of the balance sheet (rentals, dividends, etc). Maybe you are one of the ...

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The Efficacy of an Emergency Fund

emergency fund

Can anyone predict what is going to happen tomorrow? Today’s merriment may end into a grave misfortune tomorrow. So what we need is to remain mentally prepared all the time. And a financial preparation for the unknown helps us to overcome the challenges in whatever form they may appear; job loss or a deadly disease in the family. This preparedness is provided by an emergency fund. Now what does an emergency fund actually mean? It is actually a monetary backup set aside for days that are an emergency. An emergency situation may arise in a number of ways and it is a situation when you need extra cash’s to come out of the fix. In theory, an emergency fund is built with ...

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Consider Savings Account for Your Kids?

Saving account

Gone are the days when a couple of dollars pocket-money would buy a bag of lollies, a lucky-dip at the toy shop and still leave some change to put in the piggy bank. Kids are growing up in a much more financially driven society where expenses are higher and money management is a survival skill. In order to equip their kids with the knowledge and skills they will need in order to lead a successful and secure life, many parents are now giving their kids a head start by teaching them about how to save their money from an early age. More and more mums and dads are opening up savings accounts with their banks for their child. But what are the ...

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Newbie Guide to Online Business Monetization

Business monetization

I’m sure you’re opening your eyes to the many aspects of building a successful online business, doing what you love and making a living from it? Exciting, isn’t it? Following are some easy and other more complex methods of making money online, and a 6-step beginner’s guide to start monetizing your online business. Every business model is unique regarding its offering, approach and audience, but when it comes to the money-making strategies, the basics are very much the same. Here’s a rough explanation of the most basic ways to monetize your website. As long as you got traffic at your site, you can make a lot of money on either one of these, or you can combine several to differentiate your revenue streams. To ...

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How Life’s Major Events Affect Your Credit

Life events and money

Major changes in our lives, including marriages, divorces and the birth of children, can have a profound impact on our credit, and bring about significant financial changes. It is a good idea for every consumer to become familiar with the ways in which credit is affected by these life changing events. Marriages and Divorces Marriage can bring a new financial freedom for the couple, and allow them to pool their resources, but there are additional issues, and new responsibilities as well. One of the most significant changes that can affect your credit is as simple as a name change. It is important to any newly married woman to notify the credit reporting agencies about her new name, otherwise her previous credit history ...

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How is Social Media Good for Your Website Traffic?

social media

You’ve worked hard to build a great website for your online business, and even harder to create amazing content that’ll interest your readers. Sadly, this won’t do you much good, if no one ever sees it. Social media has been around long enough for people to be aware of these networks’ huge importance. Still, not all have yet realized how crucial social interaction actually is for their website’s search-engine friendliness. Higher Search Rank Is the Way to Traffic In the “old” days, webmasters used different techniques to trick the robots into ranking their sites higher in search engine results, creating keyword-rich, overstuffed pages, and generating lowest quality links mostly through link farms. Considering that Google’s 1st position gets 33% of the search traffic ...

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