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Financial Resolutions You Should Consider Making Now

Fitness and finance are the top categories where we have the most room for improvement, and while engaging in fitness improvements can be a bit straightforward, figuring out how you can better manage your finances could come with certain complexities. The following are some of the financial resolutions that you can make so you could be financially fit in today.

Set Clear Financial Goals

One financial resolution you should do this year is to create a plan that’ll help in executing your financial goals. But for you to do so, your goals should first be clear and concise. Make sure that your financial goal is specific, measurable, achievable, relevant and time-bound (S.M.A.R.T). So instead of saying “I will pay my debt,” say “I will pay my debt of $20,000 this year by paying off $840 whenever I get my pay check.”

Increase Your Savings

Paying yourself first – meaning putting money to your savings prior to paying your bills – isn’t just a great financial resolution to practise, but can also help you achieve your financial goals. This will also serve as your cushion to take care of your everyday needs in case of a financial emergency. You can start doing it by saving at least 10 percent of your income every time you get paid.

Lessen Your Debt

Reducing your debt isn’t just a great New Year’s resolution, but also a great practise to do all year round. Lessening the amount of money that you owe to other people will assure that you can weather any storm. Because when you have fewer financial obligations, you are far more likely to handle any unexpected expenses.

Engage Into a Side-Hustle

Have you been putting off your passion projects for too long? If so, then let this be the year where you make your side-hustle a reality. Today’s technology has made starting a business convenient, so ensure that you create a plan that will help and allow your passion to fully bloom.

Broaden Your Investments

Investing your money to allow it to grow is another great financial strategy. But if your investment are not diversified, then you’re likely setting yourself up for a financial disaster. To ensure that you aren’t prone to losing your investments, review them with your financial adviser and branch it out as much as possible.

Setting financial resolutions is one way of ensuring that you’ll have a healthy financial life. So be sure to add these resolutions on your list to enjoy a new and more financially successful you.

5 Money Beliefs That Are Keeping You Broke

Most of us grew up believing certain things about money. It can be things that was taught to you, or things that we observed and learned to accept as you grew up. However, living by some of these beliefs could also be keeping you from getting bigger bucks. If you want to be richer and live a rather comfortable life, then it’s time to get some of the following negative beliefs off your system.

american dollars in the hands

  1. “Money is the root of all evil”. We’re all familiar with this old cliché. Most people often think that wealth is what hinders spirituality, and wanting more money automatically turns you into a greedy person. However, money isn’t inherently good or evil. It is simply a tool and a means to an end. What matters is how you use the money you have, whether you use it for good purposes or for criminal intents.
  1. “Saving money is impossible if you don’t earn enough”. Most of us think that savings or emergency funds only work for people with fat pay checks. After all, saving any money is quite impossible with our bills and daily expenses. Still, this isn’t a valid excuse to skip on saving. Regardless of how much you earn each month, learn to allocate a portion of it in your savings. Do this consistently and see how it grows into something significant, even if you don’t receive fat pay checks.
  1. “Debts are part of life”. Your colleagues have it, your friend has one and even your parents have it, which is why it’s perfectly alright to have a debt, right? Wrong. Living a life without owing money to anyone is actually possible, but most people still get unnecessary debts due to their uncontrollable spending habits. A good remedy to this is learning how to manage your money so that you’ll never get into debt, unless you really need to.


  1. “Money won’t buy you happiness”. While it’s true that you can’t literally buy happiness, money is still capable of getting you things and experiences that leads to that happiness. It can fund the kind of hobby that you’re into, it can buy the stuff that you like, and it can even help you chase your passions and dreams. Money aids in satisfying your pressing needs and deepest wants, and in providing you a better and happier life.
  1. “Romance and Money Don’t Mix Well”. Know what’s less romantic than discussions about money? A divorce caused by chronic debt, money-related arguments and endless financial anxiety. Luckily, all of this can be avoided by having frank and honest money talks. Learn to understand where you and your partner stand in terms of money, spending and debt to help you determine whether or not you’re a good long-term match. Being on the same page on your finances will aid in protecting your affair, building a happy domestic life and accomplishing your goals as a couple.

While money isn’t everything in the world, it’s still important that you learn to properly budget your finances. By doing so and forgetting about the faulty belief that were taught to you, you’ll surely be able to manage your money and live a financially-independent life.


5 Tips for Hiring a Business Broker

To sell business, there are two options for you: 1) to sell business yourself or 2) hire a business broker. Though it’s still possible to sell your company on your own, having a business broker to do all the sales negotiation guarantees a faster sale.

Unlike owners of small-sized businesses, brokers are knowledgeable with years of experience in selling small businesses. They know exactly what is best and what’s not in the buy and sell business industry, making them very helpful in handling business-related tasks such as advertising, business valuation, negotiation, prospect interviews, and due diligence. Hiring a business broker will also allow you, the business owner, to focus more on running the business and increasing its value.


If and when you choose to hire a broker or decide whether your current broker is the best one for you, here are the key points you should address:

1. Certifications Are Not Enough

Business owners think that the more authorizations and certifications the eton associates business brokerage from Singapore has the better broker he or she is. This isn’t necessarily the case. It’s more beneficial to ask the broker what associations he or she belongs to, as reputable brokers often voluntarily join legitimate associations that uphold ethical standards of professionalism and conduct. Also, look for a Singapore broker accredited as a Certified Business Intermediary, which necessitates brokers to undergo an extensive training on certain aspects of business for sale matters.

2. Relevant Business Selling Experience

While most business brokers in Singapore have years of experience, it is important to hire someone with experience in business selling in your local market and specific type of industry. Remember that no two markets and industries are the same, and unless the broker is knowledgeable of what’s important for that particular sector to buy business, he won’t be able to connect successfully and negotiate clearly with them.

Ask and verify how many businesses in the same industry and market the broker has sold in the last two years, and compare the number to different brokers of your choice. If the number of successful business for sale transactions is low, it could mean that the industry you’re in is not his forte.


3. Discuss About the Preparation Method

Ideally, a reputable business broker should voluntarily discuss his step-by-step business selling preparations, such as the vendor and customer lists, preparation of recent tax returns, and essential enhancements that need to be done to improve the physical value of the company. If the broker appears to be in the hurry or doesn’t pay much attention on the preparation process, it might be best to look for another business broker.

4. The Valuation Process

Usually, a business owner will ask the broker for an initial valuation of the business. To fully understand the broker’s estimation, be sure to agree with the broker’s valuation process. Let the broker explain how he came up with that value. Experienced brokers know that pricing your business a bit lower than reasonable value will make business selling a lot faster. Make sure that you’re not overpricing as this will only shoo away potential clients to buy business and drag the selling process for years.

5. Comfortable Rapport

A successful business for sale transaction won’t happen if you’re not comfortable working with him. This could be a bit difficult if your business broker is carrying a large client load, as the possibility of creating a close bond drops dramatically. Your business broker should be someone that you can trust and work comfortably with on a regular basis.

Why Accounting Software Helps Businesses

Basic accounting processes are now accomplished through new accounting systems, and modern accounting software provides solution to the various accounting needs of companies in Singapore today. More than that, there is also an increased accuracy and quick access to financial information through technological advances in accounting.


Increasing Value
Some important factors that influence the value of goods and services of a Singapore company are the demand for them and how fast they can be delivered. Modern accounting system like rockbell accounting software can help track trends and estimate the sales of a company. Computerized accounting systems enable the company to track progress quickly and precisely. Quicker response to demands, less demand bottlenecks and controlled rate of production increase the value of a company’s goods and services.

Identifying Costs
Accounting software in Singapore can present in full detail the expenditures of the company in a relatively short time, enabling top-level management to monitor production costs. Detailed financial records greatly help the management in constructing accurate budget plans. With the help of rockbell accounting software in Singapore which is a modern accounting system, the management can control costs and identify aspects of the business that need to be changed to increase profits.

Continuous Improvement
Accounting software can easily display old financial records, which would usually be a tedious task in paper-based accounting systems. Top-level Singapore management can refer to previous budgets and cost data to improve their current estimates. If ever there will be changes in external conditions, modern accounting systems are capable of predicting results for various situations, thus improving the accuracy of forecasting.

Reduced Error
It is true that human error cannot be totally eliminated in modern accounting systems, but at least it can be significantly reduced. Accounting software Singapore has data verification capabilities, which lessen the frequency of errors. For as long as data is entered correctly, rest assured that all data down the line are error-free.


Benefits and Drawbacks of Technology
The business industry of Singapore is very dynamic. Modern businesses rely on computers and other technological innovations for their daily operations. While technology greatly helps businesses, there can also be some drawbacks associated with it.
• Benefits: Saving Time and Money
Technology helps speed up work. The time needed to finish an accounting process can be decreased through the use of accounting software. In the long run, technology significantly increases productivity. With computerized systems, the quality of work is improved. Work that was once performed by humans can now be accomplished more quickly and efficiently through technology.
Technology cuts operation costs. Although Singapore business owners would have to invest money in computerized systems at first, the return of investment will make up for it in the long run.
• Drawbacks: Dependency and Need to Upgrade

On the flip side, technology welcomes dependency. Once the system breaks down, the result would be a temporary standstill. If the system malfunctions frequently, there can be a loss in productivity. In manual accounting, for example, work can continue with or without electricity.
Technology keeps advancing, thus the need for regular system upgrade. This can result to additional expenses for the company. Older software has fewer functions compared to new ones. Therefore, accounting software needs to be updated frequently to keep up with the trends.