Personal Accounting 

On your journey to financial liberation, proper accounts must be kept; this brings about the idea of personal accounting. This has to do with budgeting, keeping of proper records and filing of annual federal income tax. For a person looking for financial liberation, a budget can serve as a very useful tool. Before we go further, let us first describe what a budget is. A budget sets out the cost and revenue that are expected to be incurred or earned in the future. It is backed up by figures, so it can be described as a quantitative expression of a plan of action prepared in advance of the period to which it relates. [Read more…] about Personal Accounting