Sharon J Hall

According to dictionary.com, the definition of personal finance is stated ” Financial planning for individuals. Generally, it involves analyzing their current financial position, predicting short-term and long-term needs, and recommending a financial strategy. This may involve advice on pensions, school fees, mortgages, life insurance, and investments”. This definition really helps me to make my point in the article.

The first question to ask yourself is where are you in your finances? This is a very troublesome question because most of us do not like to be blunt with our own selves. We do not take the time to really put aside our own pride to evaluate ourselves. Sometimes its due to the fact that we only become angry with where we are; with a mix of sadness when looking at our financial situation. As hard as this may be, we have to face the fact of where we are in order to get to where we want to be.

This is key. In order to take care of a problem, you first have to admit and bring it to your attention that the problem is even there.

Secondly, how to fix the problem. A lot of times, and I have had to come to this realization myself, is we are the problem for our own finances. We put wants before needs or we constantly force ourselves to believe that we cannot get by without this certain product, what ever that be. Sacrifice is the name of the game. Most people do not like the word because they think they have to give up everything; this is not true, but you should start evaluating some things you can cut out. Take it from here once you do so. With time, this will allow you to start to take back control of your finances. Remember, you control them.

Before I close out I want to share this with who ever is readying this article. I have personally been in this situation. To be honest, times are not perfect now but if I didn’t have an eye on my finances, they would be even worse. And always remember, things could be worse. I actually has help to get out of that situation. Some of you may ask was it debt assistance or some type of program like that. I will say yes, but that’s only part of my help. Debt relief only helps lower money you owe, it does not bring in money. this website that you should see helped me a lot. Its not a get rich program, so sorry. It dd allow me to have some income while I was working on my finances. It helped me, it may help you

Purchase order financing companies have become a popular option and strategy used by small and mid-sized businesses in order to grow. As businesses have come to rely on purchase order financing, more companies have begun to provide this service.  It is important for the success of businesses considering purchase order financing to use the best and most reliable companies.  Below are tips on how to choose the right purchase order financing company for your business and order contracts.

Research

Prior to making contact, take time to research the many purchase order financing companies. Use the internet to browse through each purchase order financing company site and compare the different companies by their rates, processes and other factors about the organizations.

Also, if you belong to a business owner association, use your networking skills to contact other business owners.  You will be able to learn about personal experiences and compare them.  Other business owners can give you an honest opinion of purchase order financing companies, which can help you to narrow your choices.

Experience

When dealing with finances, it is important to work with companies with experience and professionalism. Trusted companies have experience.  A purchase order finance company should be able to prove their capabilities with a portfolio of satisfied clients and past successful projects.  Also, because they have worked with many other companies and industries, a well-established and experienced purchase order financing company will be able to answer all of your questions and proactively give you information that you may not know to ask.

Ask Questions

Finally, during your meetings with the purchase order financing companies, it is your responsibility to ask as many questions as possible.  This is your opportunity to learn how your business will work with the company and how the purchase order financing process will take place. Asking questions is an important part of staying informed and making educated decisions to better protect and operate your business.  Use the time to speak openly with the representative and ask specific questions about fees, process steps, qualifications and other necessary information.  This information will help you to determine which company works best for your business.

Are you interested in growing your business, want to know more about purchase order financing and how it can help your company? Contact Meridian PO Finance today! 

Equipment Capital and the financing that’s required to complete asset acquisitions is a large part of the Canadian equipment financing puzzle . Business owners in Canada want to stay ahead of the competition and technology curve – to do that they require computers, machinery, and other assets that can help to grow revenues and profits.

Lease financing is one key method that allows that to happen. At the heart of the equipment capital lease financing solution is the premise that business owners want to use equipment and assets for a specified period of time, while at the same time not wanting to outlay huge amounts of capital and use line of credit facilities that otherwise might be used in day to day working capital facilities .

To put it simply, business owners and financial managers want to use assets, but they don’t necessarily want to pay to own them – and they certainly don’t want to mis – appropriate large amounts of capital as down payments or payment in full for ownership of a depreciating asset.

The hard reality is that equipment capital and lease financing is available to every business in Canada, whether you are a start up or a major Financial Post 100 corporation.

In today’s competitive environment it’s all about staying ahead of the curve, and business owners want to ensure they have the fixed assets in place that will allow them to grow profits and revenues.

Accountants and miscellaneous financial advisors will also tell you about the other benefits of equipment capital financing, which include balance sheet benefits and income statement benefits re taxes, depreciation, etc.

Those truly are great benefits, but the bottom line is that when you acquire assets through a leasing you are profiting form use, not ownership, and we advise clients that is a very powerful statement.

All business owners and financial managers know that it’s all about cash flow, and your ability to both save on capital outlay and acquire much needed assets is the key benefit of equipment capital leasing.

When you are well informed about lease financing options in Canada you have the ability to enter into lease contracts which have several other benefits – i.e. you can finance delivery, installation, maintenance, etc. Prudent business owners will match the term of their lease to the expected use of the equipment. For example, why would you buy computers outright, or mistakenly lease them for 5 years, when in fact the reality of computing is that you will replace them every 24 months or so, if not sooner . That’s what lease financing flexibility is about. In many industries prudent business owner’s use lease financing as a roll over strategy – they continually on a regular pre determined basis acquire new assets which are rolled over into a new lease arrangement.

Utilize equipment capital and lease financing wisely – understand your options, and work with a trusted advisor in this area of Canadian business financing. Use asset acquisition as a key strategy to remain both competitive and profitable. Stan Prokop is founder of 7 Park Avenue Financial – www.7parkavenuefinancial.com The company originates business financing for Canadian companies and is a specialist in working capital, cash flow, and asset based financing . In business 6 years the company has completed in excess of 45 Million dollars of financing for Canadian corporations of all size . For information on Canadian business financing and contact details please see : http://www.7parkavenuefinancial.com/equipment_capital_financing_options.html

Suddenly the average cost per year of gasoline has jumped from 12 per year to 67 per vehicle. And if you own 2 or more vehicles it multiplies your pain at the pump. And all of this additional expense comes straight from money that was used for something else. Your personal finances again suffer because of something you have little control over. Below we will discuss things that can help you slow down the cost of operating your car.

To fully understand your cost of fuel take 7 days and track all of your mileage and how long you were driving. Also track the types of weather and the driving conditions (stop n go, highway). Keep track of how much you spent on gas and where you bought it plus what time of day you bought it.

This sounds like a lot of work but should take less than an hour total for the week. If your time is worth per hour and you can save per week this will have paid you 0 per year for 1 hour of work.

Tire pressure is critical for two reasons.

First improper inflation of your tires will cause unnecessary wear. Second under inflated tires can reduce your mileage by up to 10%. Most cars now have the proper tire pressures inside the fuel filler doors. Check it often. Put a tire gauge inside the fuel filler door to remind you to do it each time you fill up.

Coolant levels and mixture also affect your mileage. Check to make sure that your coolant is topped off at least once a week before you start the car. Insuring that you have the proper mix of antifreeze and coolant will also help your car run at peak performance.

Air Filters need to be cleaned and changed on a regular schedule. When you check your coolant level each week remove your air filter and inspect it. If it is clogged in the least replace it immediately. When replacing it shake out and loose particles of dirt and dust.

Battery and cables need to be check on a monthly basis to insure the cables are tight and have no corrosion.

Clean out the trunk and backseat once a week as well. Excess weight uses up fuel as well. Try to only carry those things that you need for the trip that you are on. And a special note to my wife, there is no need to over pack suit cases on a vacation. Think of the extra money you can spend on the gas we would save.

Maintain driving speed as much as possible. This means avoiding stop and go traffic. Try leaving for work 15 minutes earlier if you commute in high traffic areas. Most traffic gets to the same spot at the same time. By varying your time you may avoid the heaviest congestion. Also use your cruise control as much as possible. The average driver who does not use cruise will have their speed vary by as much as 20 miles per hour.

Fill your tank up in the early morning hours when the temperature is the coolest. As gas heats up during the day it expands. You get more gasoline this way for a lower cost.

After you have made these lifestyle changes it is time to redo the testing and see how much money you have saved in a week’s time. Take this savings and add it to either your savings plan or your retirement plan and let the interest be the leverage on your savings. Small steps can rapidly change our personal finances.

For more great tips to improve your savings and retirement planning for your personal finances see the resource box below.

Whether you need to fine tune your finance skills or confront a fear of finance strategies, the new Financial Skills for General Managers certificate program offered by the Olin Business School at Washington University in St. Louis is an excellent opportunity for mid- and senior-level managers to strengthen their knowledge of finance.

Todd Milbourn, PhD, the Hubert C. & Dorothy R. Moog Professor of Finance at Olin and professor in the schools Executive MBA program, leads the Financial Skills for General Managers program.

Financial Skills for General Managers is one of three new open enrollment certificate programs designed to equip managers with the skills and strategies needed to meet the challenges of the new normal economy. Taught by distinguished Olin faculty, the programs are designed to provide a comprehensive understanding of new concepts and skills to increase managers effectiveness. In addition to financial skills, Olin offers certificates in Leadership Essentials for Managers and Supply Chain Strategy & Management.

The certificate program is offered in four two-day modules to optimize the learning experience and accommodate busy managerial schedules. The curriculum will give participants the skills to critically evaluate projects, alliances and possible acquisitions for their organizations. Upon completion of the program, students will have a firm grasp of financial terminology and be better equipped to approach financial strategies.

Olins certificate program courses are held on the Washington University campus in the Charles F. Knight Executive Education and Conference Center in St. Louis.

Olin graduate certificates add distinction and prestige to the resume of any business professional, manager, and executive, says Panos Kouvelis, PhD, senior associate dean and director of executive programs at Olin.

Participants not only acquire the certified business acumen, but also gain an enduring network of useful contacts, says Kouvelis, the Emerson Distinguished Professor of Operations and Manufacturing Management.

Discounts are available for companies sending three or more to the same certificate program and a limited number of scholarships are available for entrepreneurs, small businesses and nonprofits.

Financial Skills for General Managers. Certificate program begins: April 6, 2011.

Application deadline March 21.

Tuition: ,800.

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