family needs / 8 posts found

What happens when management fails?

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The Art of Management

Capital efficiency

In principle at least, the main function of management is the efficient use of capital in everyday decision making. Managers have to satisfy three main beneficiaries of the company, namely the employees, bondholders, and the investors. Company employees benefit by earning a salary, while bondholders gain by receiving interest on their held bonds. However, both these beneficiaries are more concerned with short term gains, whereas investors, who are the residual owners of the company, are more concerned with long term gains. Investors receive benefit from the company by either receiving a cash dividend, and/or capital gains on the price of the stock.

Smart About Managing Debt

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Almost everyone who has debt think about it frequently. In fact, debt is blamed for millions of days off work every year, and general feeling of sickness for many others.

These are many symptoms of stress that can manifest itself in your life. It can manifest itself as headaches, inability to sleep, feeling depressed and irritable, with an inability to concentrate on what you are doing. Check with yourself if these symptoms are cause by excessive debt. If you are thinking about it constantly, then it is a problem.

Three Problems with Mortgage Insurance

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In Canada, when you took out a mortgage, you may remember the lender asking you if you wanted a mortgage payment protection insurance. Most probably, you glazed over it as expensive and unnecessary. However, insuring your mortgage is extremely important as it can mean the difference between keeping a roof over your head or having your home repossessed. However, insuring your mortgage is best not done with a mortgage insurance, but rather with a life insurance – and here is why.

Explaining the Family Tax Credits in 2015

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Let us review the changes to the main family benefits provided by the Government of Canada in 2015.

The amount for the Universal Child Care Benefit (UCCB) will increase. This is the credit paid for each child under 6 years old regardless of the family income. This amount increased from $100 to $160 per month per child under 6 years old. This is the amount paid on the 20th of each month. However, the first 7 months ($420) payment for 2015 will be paid out in July of this year. Then, from August 2015 onwards, the payment will be $160 per month per child.

Four Considerations before Buying a House

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Mistakes can be very costly when it comes to buying a house. Many unscrupulous mortgage brokers would too often convince the homebuyer to spend more and buy a bigger house. This leaves little room for financial maneuver as other costs grow with time making the house not affordable.

What people forget is that mortgage brokers are sales people: they have quotas to fill and a commission to make.

Buying a house requires proper planning, and here are four main consideration to help guide you safely to the home you desire.

Smart About Term Insurance

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Term life insurance is “pure insurance” because when it only provides a death benefit to the beneficiaries. In contrast, permanent insurance such as whole life, and universal life, has cash value, but makes is more expensive. Term insurance is less expensive because it provides a specific death benefit, without the costs of an embedded investment.

5 Myths About Life Insurance

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There are a lot of myths and misconceptions when it comes to life insurance. It is always best not to assume certain myths as facts. Mistakes made when buying life insurance have long-lasting consequences, which may not be fixed.

You need to choose the life insurance that is right for you. Thus, it is best to avoid these five common myths:

Life Insurance – Do You Really Need It?

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Does your family depend on you financially? This is especially important if you are the sole breadwinner of the family. In case your family depends on you, then you need to know that your family is taken care of, if you pass away prematurely, or if you outlive your retirement benefits. With today’s weak economy, more and more people have been trying to “cut corners” to help save on their budgets. However, saving on life insurance premiums could be jeopardising your family’s future.