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Business finance: The ultimate guide for non-finance people

BMT Office Administration

Either way, you’ll need to master the basics of business finance if you want to find success. Even employees not working directly in finance generally need a basic understanding of it to succeed. Nothing exists in a bubble, and business finance is no different. Why is that?

Finance 264
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Growth strategies for the purchase-mortgage market

McKensey

US mortgage lenders rethinking their value proposition for a constrained market should weigh five key actions to sustain growth in mortgage financing for home purchases.

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‘Money Boss’ Jo Davison’s 5 Steps for Taking Control of Your Finances

Success

And yet, perhaps it’s those very aversions to standard personal finance practices that make her most appealing to her clients. Now, she runs courses and individual mentoring programs to teach clients how to stop fearing their finances, release shame around money habits and prosper by making their assets work harder than they do.

Finance 116
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6 Signs Your Employees Are Abusing Expense Reports

Insperity

To avoid getting drained by employees’ cash purchases, some businesses put a limit on the reimbursable amount allowed without a receipt. Corporate credit cards consolidate expenses, making it much easier for your finance department to track trends and verify charges. Overcharging the company card.

Reporting 224
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A Millennial’s Guide to Finances: 5 Things to Start Before You Turn 30

Success

However, important skills like when and how to manage your finances don’t come naturally to many. List out your purchases in an Excel spreadsheet at the end of each month and place each transaction into a bucket. Get detailed and introspective to evaluate which purchases are legitimate needs vs. nonessentials.

Finance 111
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Money Remains a Top Stressor for U.S. Adults—Here Are Some Tips to Better Manage Stress (and Finances)

Success

They serve as a gaggle of bad influencers egging us on to turn to purchases for happiness: You know you want it! Many purchases are wants, not needs. So before you hand over the credit card, pause to consider whether the purchase will contribute to more stress and dysfunction later. You deserve it! Getting into the Flow.

Finance 105
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4 Smart Money Moves to Plan for Financial Security

Success

That’s because when we delay organizing our finances, it causes us to delay a lot of other things, too. But it’s really no surprise that millennials have trouble dealing with their finances. Plus, an unsurprising majority of this age group feels stressed when thinking and talking about finances. Trust me: I get it.

Planning 131