Debt Management in December
$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 […]
Non-Profits in November
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 […]
OCTOBER / OVERDRAFT / OVERDRAWN
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 […]
STIPENDS IN SEPTEMBER
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 […]
ASSETS IN AUGUST $timulating Tips
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 […]
JULY – Joint-Venture – $timulating Tips
We have now completed half the year of 2022. Look back at the previous six months and consider what you have learned. Also, consider any victories you have accomplished. We jumped into January with the S.M.A.R.T. Goals. In February, we learned that staying in the black is ‘where it’s at’ regarding our bank balances. In […]
JOYOUS JUNETEENTH -$timulations
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 […]
$timulating Tip for Teens
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 […]
ACCOUNTING IN APRIL
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 […]
MAXIMIZE In March
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 […]