In personal finance if you are going over the line you are destined to fail. Budgeting your personal finance is easier said than done. It has to be clearly defined, executed and monitored. Budgeting needs constant monitoring and adjustments to cater your ever-changing needs for personal finance. What is Budgeting? Budgeting in simple words is…
In this blog we will highlight the meaning of three most fundamental and crucial variables that even a person with little or no knowledge of finance can manage to become financially independent. Proper control over these three variables can change the financial well being and make any individual rich if proper management and control is…
Every business has one goal which is to earn as much profit as possible by providing solution either by a product or a service. The ability to run operations and manage sales is not enough to ensure the sustainability and growth of business. Ensuring profitability requires efficient decision- making and maintaining financial health along with…
Financial ratios can be viewed as indicators of various financial aspects of an organisation. Liquidity ratio can be related to the short-term liability handling capability of a company and profitability ratios can be understood as an index to measure profit making capability at various levels of inspection. Liquidity and Profitability are important aspects which must…
Modelling means creating analysing your data and creating a model for effective decision making when applied to financials is called financial modelling. It is a common misconception that financial modelling is only for financial analysts it can be used by anyone to improve personal finances. With the help of basic finance concepts and modelling software…