Author: L.A.L.A. Nonprofit Org.

I am originally from Richmond, California. I have obtained over two decades of payroll experience and knowledge and hold a national payroll certification as well as a certification in financial education. I have been blessed to establish a nonprofit organization, L.A.L.A. Nonprofit - Leave A Legacy Always. The mission is to help you improve your quality of life through financial education, while learning how to leave a legacy always. We also help our youth understand how their payroll checks are calculated and provide financial educational assistance. L.A.L.A. Enterprise, LLC, is also established, as an indie-author, I self-published $agacious $candals, the first in a series. By the grace of God, I wear many hats as a parent, grandparent, and business owner. I have yet to achieve my ‘greatest accomplishment’ and I am looking forward to pursuing "it". Please stop by our website and subscribe for updates www.lalanonprofit.org

Debt Management in December

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$timulating Tips

Debt is when you owe money. You can owe money to someone, a company because you borrowed money, used your credit card or have some type of outstanding loan. There are many types of debt, but it all means you owe money.

One year for Christmas I purchased gifts for all my nieces and nephews, my children and friends, while I paid to travel out of town. I have never done that again! I was trying to be generous and was not aware of how much I spent until I got home and started adding up all my receipts. It took me until February to catch up from all the extra money I spent.

During this holiday season, let’s make a serious attempt to manage our debt wisely and pay it off sooner. Here are some tips to consider before you shop.

Don’t buy it, if you really can’t afford it.

If you need to use your credit card to purchase a gift, make sure you consider having enough money left on the card in case of an emergency.

Pull names, instead of trying to purchase gifts for everyone in the family (10+ nieces and nephews)

Try a secret Santa for the older adults.

Agree to shop after Christmas for extra savings.

If you sew, knit or crochet, make the gift instead.

Use reward points to purchase gifts.

Tying some of these alternative spending options will help you manage your spending and debt wisely.

Sharing these monthly financial stimulating tips has been a joy! I want to thank Pretty Women Hustle for the opportunity to serve you through this platform for this 2022 year.

I wish you all a very blessed Christmas and a prosperous New Year! You know what to do….keep your mind on your money!  God Bless.

Dedra Porter

L.A.L.A. Nonprofit Org. www.lalanonprofit.org

Non-Profits in November

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What is a Nonprofit Organization?

A nonprofit organization, also known as “not-for-profit” is a type of organization which is committed to helping and or supporting a social cause or opinion. Many churches and hospitals are non-profit organizations. There are many diverse types of nonprofit organizations, which can be identified by a certain code, such as 501(c)3 for tax recording purposes.

Here are a few more examples of nonprofits:

*LALA Nonprofit Org’= Leave A Legacy Always. Is a nonprofit company which helps others improve their quality of life through financial education. They help others learn how to manage money and how to pass money to the next generation to create generational wealth.

*SPCA= Society for the Prevention of Cruelty to Animals. This nonprofit company helps to shelter and protect animals that have been abused or to help prevent abuse of animals.

*United Way, is a nonprofit company that helps fund other nonprofits. United Way also helps people in their local community with various needs.

All nonprofits’ can and do make a profit in business. Often, in the beginning they do not make a profit as quickly and this is expected, for a short while. Nonprofit organizations rely on other companies, individuals, sales and providing services to help fund their cause and or gain a profit.

There are multi-million dollar revenue generating, non-profit organization in existence today! Don’t get it twisted! Non-profit organizations, earn a profit doing business or they would not be able to remain in business. The term ‘non-profit’ comes from the IRS (internal revenue service) because of tax reasons. Nonprofits are exempt from paying certain taxes because of the public service the organization provides to help others, to help the environment or help society in a certain way.

To learn more about nonprofit organizations visit the web site:  https://www.irs.gov/charities-and-nonprofits Regardless, if you are employed by a profit or nonprofit company, or if your business is profit or nonprofit, you always want your financial totals to be in the black. Until next time, keep your mind on your money.

L.A.L.A. Nonprofit Org.
www.lalanonprofit.org
Dedra Porter

OCTOBER / OVERDRAFT / OVERDRAWN

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Overdraft protection is a feature a financial institution or a bank provides to customers when the balance in the account does not have enough money to pay for the most recent transaction(s).This feature may or may not cost extra.

Example: You purchase a pair of new shoes. The total amount for the shoes is $98.56. The purchase is approved, but you only have $86.32 in your checking account. The difference of $12.24 will be paid by the bank, until you deposit the $12.24. If you have ‘overdraft protection’ on the account.

If you do not have ‘overdraft protection’ your account will be overdrawn by $12.24, and additional fees may be added for you to also pay because you now owe the bank $12.24. When an account is overdrawn, banks add fees because, you did not have enough money in the account. Additional fees can start at $5 and up. These additional fees can increase daily until the money is collected from you to cover the $12.24, which will have increased because you did not have enough money in the account to begin with.

As we approach the holiday season, be mindful of the balance in your account(s). Check your balance daily and keep a record of what you are buying and the amount. Hint “there’s and app for that”.

As always keep your mind on your money! www.lalanonprofit.org

STIPENDS IN SEPTEMBER

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Welcoming everyone back to school this month. I’m hoping that we all $tudy $trong!

This month I want to introduce you to “A Stipend.”

A stipend is a form of payment given instead of wages paid for services performed. A stipend is usually paid on a monthly basis, although it can be paid in any agreed increments, such as weekly or biweekly. Stipends are offered for a variety of reasons. Stipends are designed to help you pay for the following: academic research, childcare, health insurance, job training, travel, food or living expenses. The list is continuous.

Here is an example

There is a job posting from a local organization. This company is looking for someone to assist with filing, and light office work for three months. They indicate they will pay a $500 per month stipend for travel expenses and job training.

What this means is, you will get paid $500 per month from the organization. You will not get paid every week or every other week like the regular employees that work there. You will receive training for filing and light office work they need you to do. In exchange for your services, the $500 per month you receive, is for your training and to help with your travel, back and forth to work.

Be aware that the company may or may not deduct taxes from the $500, however, the money is considered taxable by the IRS, so keep this in mind for the tax filing season!

My example of $500 is not a lot of money. It is only an example. Please understand that being paid a stipend for training, work or learning experience can be very beneficial, rewarding, and lucrative! If you have an opportunity to learn and grow with an organization and they are offering a stipend, consider all your options carefully before you make the final decision. As always, keep your mind on your money! Until next month…

L.A.L.A. Nonprofit Org.

www.lalanonprofit.org

Dedra Porter

ASSETS IN AUGUST $timulating Tips

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For this month of August I want to introduce you to the word asset. Asset is something that you own free and clear that is of monetary value. For many adults, an asset can be a home, a car, or jewelry. How quickly you can turn something into cash may also be considered an asset. The most valuable asset is cash!

For a younger person that is still in school or college and does not have the assets listed above, you still have other types of assets. Your personal items, your clothes, your shoes, your jewelry, your iPad, your cell phone, your laptop, your school books, your bike, a hover board or a skate board are all considered assets. These are all assets that can produce monetary value if necessary.

Also another important asset that we often don’t consider is our knowledge. Knowledge is power and knowledge is an asset! The more knowledge you have, the more assets you have. The type of knowledge you have, may help you increase your material / tangible assets.

Remember if you do not have any of the physical items mentioned above, your knowledge is a very valuable assets. Keep obtaining knowledge and physical assets will grow! We can also Leave A Legacy Always, by passing our knowledge onto others.

https://www.lalanonprofit.org

Dedra Porter

JULY – Joint-Venture – $timulating Tips

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We have now completed half the year of 2022. Look back at the previous six months and consider what you have learned. Also, consider any victories you have accomplished.

We jumped into January with the S.M.A.R.T. Goals. In February, we learned that staying in the black is ‘where it’s at’ regarding our bank balances. In March, we discussed maximizing our natural talents, or maximizing our goals, skills or other interests that will allow us to become healthier individuals.

In April, we discussed the “T” account usage in accounting and how it relates to balancing our finances. In May, we reviewed how to minimize different types of expenses. In June we celebrated!

This month of July, I want to briefly explain a “Joint Venture”. It’s summer, school is out and you may have extra time on your hands. You and your buddy or cousin decide to make some money by asking neighbors in your area if they need any yard work done or help walking the dog. These are just two examples, it could be anything different. The two you agree to do the work together and share the money earned from working. This is the basics of a joint venture.

Keep in mind that you should always write down what each person is responsible for doing and the amount of profits you will spilt or share. Have an adult review what you have written down and when each of you agree to everything, sign the form and stay committed to the agreement. There may be some challenges along the way. Keep communication open and discuss your feelings about the jobs you have agreed to do together. Always keep an adult involved to help guide you through the process.

You may surprise yourself and discover that this is something that can grow into more than just a summer past-time. Keep your mind on your money!

https://www.lalanonprofit.org

Leave A Legacy Always

D. Porter

JOYOUS JUNETEENTH -$timulations

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Greetings and blessings to everyone!

We are at the half-way point in 2022! I want to take this month to reflect, appreciate and congratulate!

Reflecting and expressing my sincere appreciation, to our ancestors. Their accomplishments, sacrifices and struggles, are what created many opportunities for us today. Please continue to set positive goals for yourself and surround yourself with love, peace and joy. Have patience. Remember to be kind, humble and continue to increase your faith. Also know, there will be long-suffering but we must have self-control. These are the fruits of the Spirit.

Congratulations to all the graduates of this year! Please! Continue to educate yourselves no matter what. Stay healthy in mind, body and spirit. Never allow you or your mind to become idle. Don’t waste time, time is money.

Happy Father’s Day! Your presence is required, needed and most appreciated.

HAPPY JUNETEENTH

https://www.lalanonprofit.org

Leave A Legacy Always

Dedra Porter

$timulating Tip for Teens

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Minimize in May

A strategy to assist with maximizing financial health is to understand your income and your expenses. We know what income is; any money received or earned. After you receive or earn money, often there are expenses that need to be paid. There are different types of expenses

Fixed expenses: are the same every month. Each time you pay that particular item, the amount is the same. The rent or a car payment, these are considered fixed expenses.

Variable expenses: these are bills that are different each time you pay them. Perhaps the electric bill, or the water bill, sometimes it is the cell phone bill.

Periodic expenses: these are specific expenses that are only paid once every three month or twice a year or any time that is irregular. A birthday or anniversary gift for someone or car repairs are considered periodic expenses.

Planning ahead and budgeting for these expenses can help minimize your debt/bills/expenses.

You ALWAYS have the option to pay early or in full on certain expenses like credit cards or cell phones bills. Remember to read the contract associated with the expense. There are certain contracts that may penalize you for paying early. 

Until next time….remember to Leave A Legacy Always.

Dedra Porter

lalanonprofit@gmail.com

ACCOUNTING IN APRIL

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We are now in the second quarter of the year. The first three months, we Jumped into January, then we were Fabulous in February and we Maximized in March.

Now, in April, we have a brief accounting lesson. One of the main lessons in an accounting class is to learn the “T” account. Using a “T” account in business is known as double entry accounting. This type of account is used to separate the debits from the credits. In other words, a “T” account is used to keep the money you are spending accounted for and balanced, as different transactions happen in the month. The debits are considered the income. The credits are what you purchased with the income

This is a way to keep track of spending. Picture the “T” as a scale, if one side is to heavy, that side of the scale is lower than the other side of the scale and is out of balance. We want our income side of the scale to be heavier with more money or weight than the expense side of the scale.

Notice the “T” in the picture of this scale? To balance it both sides must be even. If the side that has money, income or savings is lower than the other side then it’s all good! This is just another example of how you can keep your mind on your spending and money!

Until next time….remember to Leave A Legacy Always.

D’Lashelle Porter- Founder/President

L.A.L.A. Nonprofit Org. – lalanonprofit@gmail.com

www.lalanonprofit.org

Gradient

A study in light, color, and form. Created in studio with a collection of damaged lenses that I’ve acquired over the years. Each is available as a 18×24 inch giclee print on archival paper.

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MAXIMIZE In March

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To maximize something is to make it bigger, increase in size, or “super-size it”.

We always want to maximize our income. We also want to maximize anything positive in ourselves. Think about your skills. What skills do you have that you can maximize? Do you like to read? Are you good with numbers, drawing, singing or do you enjoy helping others? Everyone has something they are good at.

Growing up, other children teased me about my voice. I have a deep voice and did not sound like a “normal” little girl. Now I make money doing voice-overs. I learned I can change my voice to sound like a man, an old lady, and many other things. Imagine that! My own voice, something I already have.

What makes you feel good about yourself and your world? Consider your skills, interests or talents and how to maximize them. It does not matter how small you may think that skill, interest or talent is, if you enjoy it, that is what matters. Whatever it is, begin to do research on how you can make that skill, interest or talent better, stronger, or bigger. Then begin to explore if you can make a profit from it to help maximize your income! You may discover a new business venture or how to leave a legacy always!

Until next month, keep your mind on your money,

Dedra Porter