Budgeting

As much as I love gift-giving and the holiday season in general, I often find that it sneaks up on me. If you’re anything like me, you often find yourself in mid-December scrambling to get presents bought, wrapped, and even mailed. That last minute scramble often means paying more for gifts than you intended, since […]

Overhead costs are ongoing business expenses that are not directly attributed to creating a product or service. Calculating and keeping track of overhead is important for any business. Not only does it make budgeting easier, but it’s also used to determine how much they should charge for their products in order to turn a profit. […]

Capital budgeting is a business term used to describe the process of determining how to best use the capital the company has on hand. Should they expand? Should they reinvest in a new factory to increase capacity? Is it profitable to acquire another business for expansion? In other words, capital budgeting is the process of […]

It might look like it, but EBITDA is not actually an alien word. It is an acronym that stands for “earnings before interest, taxes, depreciation, and amortization.” As you may have guessed by now, it’s a metric used in the business world. A company’s EBITDA can help you better understand their ability to generate cash […]

It can be difficult to feel good about your financial situation and even the rest of your life when you are in debt. Unfortunately, debt itself can be difficult to completely eliminate from your life. If you have debt, you might have a hard time paying it off if your finances are strained. And if […]

While most people have likely never heard of a sinking fund, it is a commonly used financial instrument. Simply put, a sinking fund is a fund containing money that has been set aside or saved to pay off a debt or bond. Companies that issue or take on debt need to pay off that debt […]