Finance

In the trucking and transport industry, it is paramount to keep your cash flow from being dammed up, and to keep money moving. Many trucking owners will tell you that expenses often exceed cash on hand, and sometimes owners need the help of an outside source to strengthen cash flow. But before reaching out to a bank for a traditional loan or line of credit, remember that a bank loan is not always the easiest —or most expeditious — financial move. Because the commercial banking system is…

The 401(k) Temptation and Trap The 401(k) is a retirement plan established in 1978 to help workers whose companies no longer offered pensions. The idea was that workers could draw monthly allotments from the amount saved once they reached retirement age. The temptation for many people who are struggling to accumulate a savings account is to view the money sitting in a 401(k) as a "honey pot". While the IRS does have a number of provisions that allow a person to give into their temptations…

National Development Bank PLC ( NDB Bank) is a banking as well as financial institution of Sri Lanka, NDB is headquartered in Colombo, Sri Lanka (at No 40, Nawam Mawatha, Colombo 2). NDB begun its operations in1979 as a state-owned development of finance institution. NDB was set up by Sri Lanka Act No 2 of 1979 as “National Development Bank of Sri Lanka” In January 1979 as a wholly state owned institution. In 1993 NDB was changed its ownership structure as privatized and NDB listed on the…

During the meeting with the member the counselor keeps focus on finances by controlling the interview and interactions with the members. The counselor should always ask questions to keep the member engaged in the financial counseling process. After the counselor should manage a workable budget which is one that manages…

the scheme that has drawn the attention. Experts are still figuring out the monthly average balance that helps banks meet the costs. Besides that, LIC is still in process of structuring 30,000 life cover to be offered under the scheme after finance ministry asked it for the details. The life policy is to be issued only to few people(2-3 crore) because of the following reasons • Those who come under the age of 18 -59 can avail the life policy offered by LIC under the scheme • It is open for…

The change that I am going to attempt is setting a budget and sticking to it. I recently have had a change in my living situation resulting in an increase in my expenses. The change will be in how I conduct my spending, so that I can pay off some bills while saving money for graduate school. Saving money is important to me because I want to become financially stable while saving enough money to pay a minimum of twenty five percent of my tuition and living expenses from my savings. This change is…

In addition, Marieke familiar with the operation of the financial sector and other sectors of the process, she knows how to balance the different department managers work. These advantages make Marieke become the first choice of the President. Finance…

UNDERSTANDING CASH FLOWS AND FINANCIAL PLANNING. Authors Name Institutional affiliation ANSWERS: • Will the company need any outside financing? Cyrus Brown Manufacturing (CBM), will need outside financing for the two months in which there was a cash balance maintained of below $50,000.This months are April and May. Financing from outside may either be from loans or other means that the company may choose. • What is the minimum line of credit that CBM will need? In looking at the…

help you achieve your goals. More importantly, seek advice for consultants that can prove they can apply their skills to develop an ideal strategy for your particular needs. 2. Multi-directional approach An advisor that will think only in terms of finance, will limit your possibility to grow. It is important to understand that your financial success is directly linked to your personal and professional development. As such, we recommend that you seek advice from a company that can support you in…

mimicking the current owners’ methodology, when nearing retirement raise your yearly salary. Ryan then can receive $50,000 dollars from his current assets and acquire two separate loans of $150,000 with a rate of 6% and $200,000 at 5.6% in order to finance the transaction. These loans do not begin right away, giving Ryan some well needed time to pay back the loan without the rates raising the price way…