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____ [38]
3 years ago
12

When it comes to saving money, what is a good rule of thumb

Business
2 answers:
Mamont248 [21]3 years ago
7 0
Buy what u need when u need it not what u want when u want my dad always said

Dmitry [639]3 years ago
6 0

I've had a real hard time with trying to save money. I've always spent more than I had really.

Something I've always heard is to pay yourself X% of your paycheck. I've never really don't that because I've always used my money no matter what.

Now I'm in a crunch where I need to save up some money. Build up a savings so to speak but am having trouble doing that. I am bad about managing my money.

Any ideas that I should incorporate? I have always thought about opening a second bank account for savings so I don't have access but don't want to spread myself out too thin.Biggest tip for saving money: Stop spending.

Until you learn some self control, hints and tips and tricks won't work because you'll still know the money is there and you'll still have access to it Here's two steps:

<span>Figure out where you are spending money unneccesarily (bars, resturants, eating out for lunch, video games, toys, etc)Reduce that spending</span>

The best way to do step one is to use a service like mint, or to just keep all your reciepts and tally them up at the end of the month, I'd recommend the first.

Budgeting isn't neccesarily about saving the maximium amount of money possible, it's about managing your money and making an active longer term decision about where you want to spend it. You are currently making short term passive decisions. 

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The December 31, 2015, balance sheet of Maria’s Tennis Shop, Inc., showed current assets of $1,105 and current liabilities of $9
IrinaK [193]

Answer:

$165

Explanation:

The working capital of organization is the difference between the current assets and the current liabilities of the organization. It shows if a company has enough short term assets or asset that can be converted quickly to cash to settle obligations that will arise in the short term.

Working capital as at December 31, 2015

=$1,105 - $915

=$190

Working capital as at December 31, 2016

=$1,320 - $955

=$365

Change in working capital in 2016

= $365 - $190

= $165

5 0
3 years ago
Computech Corporation is expanding rapidly and currently needs to retain all of its earnings; hence, it does not pay dividends.
kifflom [539]

Answer:

P₀ = $12.23

Explanation:

Div₃ = $1.25

Div₄ = $1.65

Div₅ = $2.178

Div₆ = $2.30868

first we must calculate the terminal value using the dividend discount model = $2.30868 / (17% - 6%) = $20.988

now we must discount all the future dividends + terminal value

P₀ = $1.25/1.17³ + $1.65/1.17⁴ + $2.178/1.17⁵ + $20.988/1.17⁵ = $12.23

5 0
3 years ago
You are given the following information for Ted’s Dread Co.: sales = $82,000; costs = $57,700; addition to retained earnings = $
vazorg [7]

Answer:$6,843.33=Depreciation

Explanation:

To Calculate the depreciation expense for the company

Net income = Dividends + Addition to retained earnings

Net income = $3,320 + 7,500

Net income = $10,820

Also,

Net income = Taxable income - (Taxable income)(Tax rate)

Net income = Taxable income(1 - Tax rate)

Therefore,

Taxable income = Net income / (1 - Tax rate)

Taxable income = $10,820 / (1 - 0.25

Taxable income = $10,820/0.75 =14,426.67

But

EBIT -interest = taxable income,So

EBIT = Taxable income + Interest

EBIT = $14,426.67+3,030

EBIT = 17,456.67

EBIT = Sales - Costs - Depreciation

$17,456.67 = $82000 - 57,700 - Depreciation

$17,456.67= 24,300-Deprecistion

Depreciation =24,300-17456.67 =

$6,843.33

4 0
3 years ago
Sally is looking to invest in Agricon Products when its P/E ratio is lower than 15. Each share is currently projected to earn $1
snow_lady [41]

Answer:

C

Explanation:

P/E ratio is a method of valuing a company. It is derived by dividing price of the stock by earnings

1. $18/1.3 = 13.8

2. 19/1.3 = 14.6

3. 20 / 1.3 = 15.4

The first and second stock have a P/E ratio is lower than 15.

4 0
3 years ago
Describe how you can spend wisely or improve your spending habits
Ahat [919]
Sticking to a budget can really help. If you have a certain amount for clothes, and another for food, and one for extras, stick to that budget. Don't go off and buy un-necessary items. That way you'll have extra when you absolutely need it, and enough in a certain area for when you go shopping for specific items.
~Silver
7 0
3 years ago
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