Question by mr.grammar: finance management?
I earn a lot but can’t resist to spend. Please tell me what to do?

Best answer:

Answer by paula d
Give yourself an allowance. Figure out what you need for bills, what you need to SAVE, and give yourself fun money (a daily or weekly amount). That way you won’t feel deprived, but you’re still being responsible.

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Question by Bundy: What program to use for personal finance?
What programs or websites do your people used for any personal finance activities. I mean do you people used Quickbooks to track down your expenses? How do you budget. Any programs you think is great? I want to start tracking my expenses and budget better. Any other programs suggestions relating with personal finance is greatly appreciate.

Best answer:

Answer by Bianca S
Make a 12 month file. With Jan.-Dec. Keep all of your receipts!!!!!!! And bills. Or money order receipts. Each time you buy something add it to your caculations for that month and keep it in the month you bought whatever in it. When taxes need to be filed you’ll have how much money you have spent in each month and the receipts. Some stuff can be deducted. Like cell phone bills and gifts to others and you have to have the receipts or money order receipts or checks to prove it.

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Question by wenbin l: Can anyone tell me more about restaurant finance management?
I would like to know more about how to manage the finance, cash flow and other management issues for a restaurant.

Best answer:

Answer by Scott H
Financial management of restaurants varies depending on the type or restaurant. A fast food restaurant will have different targeted goals than a full service restaurant.

If you are looking for targeted numbers for your variable costs such as labor cost, food cost, liquor cost, beer cost, and wine costs you can use a the industry averages of 30%, 31%, 22%, 28%, 35% respectively.

If you are looking for a more extensive look at restaurant financials I would suggest checking out the site http://www.foodandbeverageunderground.com where you can get all the food and beverage knowledge to run a restaurant for free.

Good luck and cheers!

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Question by bugs: personal finance?
looking for some persnal finance books to read,any suggestions?

Best answer:

Answer by Josher
You’re So Money, by Farnoosh Torabi.

It’s a great book about personal finance from the views of the twenty something. It’s a great book for anyone under the age of 45. Particularly focusing on the finance for the younger American.

Check it out. She’s a friend of mine and almost as savvy as me.

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Question by Munch_101: Finance Management?
Why do you think expenses should not simply rise proportionately with sales growth and/or, what do you think would happen to management if they allowed all expenses to increase at the same rate as sales, over an extended period of time?

Best answer:

Answer by jtribbbiani
Expenses shouldn’t rise proportionately with sales growth because in some businesses certain costs are fixed and aren’t affected by sales. However, it is usually desired that most of your costs are variable, that way you can manage your business accordingly and control your costs throughout the business cycle more effectively. Also, expenses won’t rise at the same rate as sales because of productivity gains in an economy. This is basically why we can have GDP growth at rates higher than inflation (I’m talking nominal terms which then translates into real GDP growth). If expenses increase at the same rate of sales, that is not necessarily a bad thing. That could mean that management has done a good job of scaling back their fixed costs and are better able to manage the business through downturns. An important measure to look at is what is the return that management is generating relative to the capital levels invested in the business.

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Question by Brian Z: Is there a breakdown of Yahoo’s revenue by the different product areas such as Yahoo Finance, News, etc?

Best answer:

Answer by rgchappell
You need a copy of their annual report. It should be available for the asking at no charge but they might want a token fee for handling and mailing. You should either write or email their corporate office.

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Question by Bdubs: What personal finance lesson do you wish you had been taught by your parents or in school?
Personal finance was slightly taught to me by my parents or in school. I had to learn how to balance a checkbook, the dangers of credit cards and about saving all on my own. What personal finance lesson do you wish you had been taught in your younger years & how would that have changed your current economic status?

Best answer:

Answer by Judy
I wish I could teach the world:
Don’t ever carry credit card balances – it ruins your credit
Don’t even think of leasing a car – its moronic
Don’t ever rent furniture
Don’t ever buy a time share
Don’t even think of financing furniture – save up for things.
Save to buy a car, as much as possible.
Put 20% down on a house – even if you think your friends will make fun of you for having a small house.
Put money away in a ROTH, 401K – as much as possible
Become as self- insured as possible – stop making insurance companies rich
Always have 6 months worth of living expenses socked away.
/

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Question by exotica: What is the best international newspaper for daily politics/finance news?

Best answer:

Answer by Boyoboy0
http://www.jpost.com

& Y/A research @ Obama’s Hitler Youth spy plan:-

http://ca.answers.yahoo.com/question/index;_ylt=Ar5ZXOe1SGW4ItKpDj68H5rBFQx.;_ylv=3?qid=20090905010630AAJDeO4&show=7#profile-info-YfRQgIrZaa

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Question by Mohamed: What is the best web site for latest Islamic Finance news?
Website for latest Islamic Finance News

Best answer:

Answer by Faleel
Islamic finance expert blog gives more latest and updated news around the world in Islamic finance industry.

http://ifinanceexpert.wordpress.com/

Islamic finance news from asia
Islamic finance news from europe
Islamic finance news from america
Islamic finance news from australia
Islamic finance news from africa
Islamic finance news from russia
Islamic finance news from china

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Question by OregonOcean: Personal finance?
Is there a free web site with professional advices/information on how to build a good credit score and other personal finance advices ??

Best answer:

Answer by Randomname83
http://finance.yahoo.com/banking-budgeting/article/103507/Thirty-Five-Minutes-to-Riches

Above article provides some basic information on raising your credit score.

Personal financial advice is hard because it has to be tailor made for you. To make it simple, do the following:

1. Build an emergency fund worth 3-9 months of your monthly income (based on age, income, etc).
2. Contribute to a 401(k), IRA or some sort of retirement vehicle on a regular basis (10% or more of income is a general rule of thumb if you start prior to your mid 30s).
3. Reduce expenses that are not “needs” if you have a hard time doing steps 1 and 2 (Ex. I have a $ 3.49 coffee everyday at work in the morning and a $ 1.07 iced tea each afternoon. If I stopped those expenses I could save nearly $ 5 each working day which would be ~100 dollars in a month).

If you are saving money regularly, feel free to spend some. For instance I use ~60% of my monthly post tax income and save the other 40%. When I am banking 40% each month I can afford to spend money on the “wants”.

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