Month: August 2019

In a nutshell, your net worth is your assets (what you own) minus your liabilities (what you owe). Your net worth is your wealth. Your net helps you ascertain if you are where you want to be and serves as

After creating our financial statements, we analysed them using ratios which helped us determine if we are meeting the ideal benchmark or there is need to improve on any area. This ratio analysis can be a guide to determine our

Last article discussed how we can create our financial statements. These statements help us organise our financial data and see our finances on one sheet. However, this information is not in its end helpful but can serve as a source

Financial statements are written records that convey the financial activities and position of an entity or individual. Though it is more common for an entity, financial statements for individual is very important. The importance of having these records include: It

“The first step towards financial literacy is the management of your cash flow” Cash flow is simply the inflow (incoming) and outflow (outgoing) of cash. Cash flow management is simply the management of our income and expenses. There’s no point