Financial Tips for Newlyweds

Financial Tips for Newlyweds

On the lead up to your wedding day and as newlyweds, you may start talking about finances and how they will work once you have both exchanged vows. It doesn’t matter what your financial background is; you’ll be able to start fresh and get a joint bank account (if you want too!). Talking about finances will ensure you’re ready for all the bills and extras you both will have to pay when you become married. Our list of financial tips for newlyweds should help you on your way to success!

Take a look at numbers

If you have chosen not to keep your wedding to a budget (forgetting those cheap wedding dresses!), then you may have to take a look at the numbers you’re currently working with. This includes current salaries and any savings you may both have. Working out the numbers will ensure you know how much you can save every month going forward. It’s not easy to work out all of your incomings and outgoings, but it will be worth it.

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What are Accruals?

What are Accruals?

Accruals is an accounting term that refers to the revenues which are earned and the expenses that are incurred both of which may lead to an impact on the income statement.  Accruals are the adjustments that should be made before the issuing of any particular company’s financial statement.  Accruals affect the balances sheet where the… Continue Reading

5 Signs you Need to File for Bankruptcy

5 Signs you Need to File for Bankruptcy

Bankruptcy is a scary word for many. However, admitting bankruptcy is one of the boldest steps a person can make while suffering from financial woes. Not everyone would agree that he or she is struggling to meet his or her obligations, but this might be an option to consider. Look out for the following signs… Continue Reading

What is Purchasing Power Parity?

What is Purchasing Power Parity?

PPP or Purchasing Power Parity is an economical technique to determine or evaluate and if necessary make certain changes to ensure that the exchange rate of two currencies is at par with each other’s purchasing powers. This theory turns out to be quite accurate and useful in today’s global economy and market where the value of goods and services seem to be drastically… Continue Reading