Money Bible Verses: On Budgeting

In the first two articles of the series Money Bible Verses, we have shared what the Holy Scriptures said about investing and debts. This time, we will move to the Bible passages that discuss budgeting. Budgeting can be relative to all of us, whether we are rich or poor, business owners or employees, and young [...]

The important key to effective budgeting

Budgeting is like enacting our spending, earning and saving today what we will do in the future. In other words, it is a process of bringing in a piece of paper or spreadsheet the lists of our planned revenues and expenses. The objective is to minimize expenditures, maximize earning, and fuel our savings. Budget may [...]

How to earn more profit: 5 ways to succeed

So how can we earn more profit? How can we achieve more income to cover our costs and expenses? Earning more net profit is not impossible. However, you must bear in mind that it cannot be done overnight. It takes a lot of knowing yourself and knowing your surroundings. Placing ourselves from financial security lies [...]

What is a statement of comprehensive income (income statement)?

The statement of comprehensive income illustrates the financial performance and results of operations of a particular company or entity for a period of time. It is one of the five basic components of a complete set of financial statements, the other four being the statement of financial position, statement of cash flows, statement of changes [...]