My friend and I were talking the other day about the best way to arrange his personal and corporate accounts for his Corporation he formed to write and direct under. There are no employees and overhead is small to nothing.
He says he feels better having the majority of his money in the corporate account in case he gets sued, but isn't that why most people DONT have all their money is that account? I thought most people in his situation started an s-corp to protect and keep their personal assets safe. Am I wrong?
posted by JJkiss
on Jun 11, 2013 -
I'd like a resource, be it a website, blog, book, etc. for learning about money, such as explaining inflation, compound interest, types of savings accounts, etc. I'm basically trying to learn how money works. Thanks. :)
posted by Cybria
on Apr 22, 2013 -
How much time do you spend each week or month budgeting, tracking spending, thinking about your money, paying bills, etc.? These are tasks that I hate, and I , therefore, do not dedicate enough time to do them.
Right now money comes in (paychecks are automatically deposited into my checking and savings accounts) and money goes out (bills are paid automatically by my banks and I spend cash and use my debit card). However, I'm not tracking everything I spend (I know that I should be), and I'm not budgeting for the future. I have a (very) small savings, but basically live paycheck to paycheck. I know that tracking spending and budgeting are the way out of this trap, but I'm loathe to get started (again--I've tried before), because of how much time I anticipate it will take.
If you are tracking spending and budgeting on a regular (weekly?) basis, how much time does this activity take in order to have a clear picture of your finances and adequately plan for the future? Thanks in advance for your replies.
posted by buddylove
on Sep 14, 2011 -
I have the random fortune of being raised in a wealthy family. As I prepare for life after university I want to make sure I understand personal finance and properly manage the money that I've thus far received from parents and grandparents. Can you please help me? Snowflake details inside. [more inside]
posted by anonymous
on Jul 28, 2011 -
A charity gave me $1,000 USD they raised for me after a drunk driver wiped me and my motorcycle out. I am 56 yrs. old, sick from cancer and will be losing my job in December. I have little savings and will have to work at whatever my body lets me do, and probably lose my health insurance. I plan on selling my home and its contents and downsizing to a studio apartment. I have no credit card debt but hold two mortgages, both will be a wash at the sale. What is the best bang for my buck for this $1000 in this economy? A CD? Online savings account? Any suggestions?
posted by ~Sushma~
on Sep 15, 2009 -
"Annual income twenty pounds, annual expenditure nineteen pounds nineteen and six, result happiness. Annual income twenty pounds, annual expenditure twenty pounds ought and six, result misery."
British personal finance blogs, forums and other resources? [more inside]
posted by Happy Dave
on Feb 15, 2008 -
I need help generating an 'explanation' for my bankruptcy 6 and 1/2 years ago that will not make me look financially incapable to a potential investor. Are there any 'good' explanations for filing bankruptcy that I could use in order to not have this fact work against me? I need potential circumstances that would warrant a bankruptcy and sound reasonable to a potential business partner. More inside... [more inside]
posted by AdInfinitum
on Apr 24, 2006 -
Please recommend some good personal-finance related web sites.
I'm looking for sites with good information on all aspects of personal finance and responsible money use. Most of what I've found is focused on investing, though, and on macroeconomics. I'm not interested in the Big Picture. I want sites that focus on the Small Pictures: dealing with debt, saving for the future, finding bargains, etc. Think Your Money or Your Life
, but in web form. Big sites, little sites, weblogs, print magazines — I don't care, so long as it's focused on personal finance. Bonus points for sites with RSS feeds. [more inside]
posted by jdroth
on Mar 14, 2006 -
Young married couple, mid-20's, good income: ready to take our finances more seriously. Who do we talk to? [more inside]
posted by junkbox
on Oct 19, 2005 -