Tag: finance

4 Money Mistakes: Are You Making These 4 Money Mistakes?

ConvergeTeam
4 Money Mistakes: Are You Making These 4 Money Mistakes? | Converge

Filipinos are known for being hardworking and capable workers. In fact, many foreign employers like working with Filipinos because of their skills and work ethic. The only problem with some of them is that not everyone can manage their finances.While in many cases, the money problem stems from low wages, the truth is that many of those problems can be avoided. Common Mistakes of Filipinos When it Comes to Money So, what are the usual money mistakes that Filipinos keep on making? Here are some of those and how they…

The Truth About Filipinos and Investing

ConvergeTeam
The Truth About Filipinos and Investing | Money | Converge

The truth about Filipinos and investing is painful to hear: Only about 8% of Filipinos own investment products such as stocks, bonds, mutual funds, and life insurance plans. This unfortunate fact stems from the lack of financial literacy among the citizens of the Philippines, which makes many of them hesitant to believe the benefits of investing.   There are people who think it’s only for the rich, but that couldn’t be further from the truth; you don’t need an immense fortune to start investing. Reasons Many Filipinos Don’t Invest Being a…

Keeping Your Business Finances in Order

ConvergeTeam
Keeping Your Business Finances in Order | Business | Converge

When you are a small business owner you can find yourself having to learn about a whole heap of new things, and learning on the go; all day, every day. One of those things that you might find a pain is managing your finances. It definitely can be something that is pretty tedious to do, and often is that way. But for small business owners it is so important to keep on top of your finances and keep things in order. When your finances are in order it helps you…

Creating A Fiscally Responsible Personal Budget

Jason Fleagle

There are a lot of similarities between a personal budget and a business budget. In a business, you can maximise your profit margins by reducing your overhead costs. And the same goes for your personal finances. If you want more available income for your future savings or luxury purchases then you should think about the way in which you spend your earnings every month. With some small changes to your lifestyle, you could massively improve your financial situation. These are the things to consider when creating a fiscally responsible personal…

Planning Your Business Budget

Jason Fleagle
Planning Your Business Budget | Converge

From home-based businesses to big nationwide organisations, one of the most important things business owners need to do is plan their budget effectively, and ensure that they keep it under control. This could mean everything from scaling back your everyday business costs to dealing with your taxes. The only trouble is that this is a lot easier said than done. Keeping that in mind, read on to discover some crucial advice… Hire an accountant The first thing you need to do is make sure you hire a top chartered accountant.…