Financial counseling is assisting clients in the development and creative use of all their resources to achieve economic financial security or well-being by generating alternatives from which the client chooses. Ultimately the client is assisted to improve quality of life with less wasteful resources. The processes are: (more…)

For purposes of budget income forecasting, figure all sources of your income on a monthly basis. Then, forecast your average monthly income over the next year by completing the worksheets shown bellow. (more…)

Assets are things of value, because it can be exchange into cash. Your assets include real estate property you personally own and some of your financial investment. On the other hands you have debts as your liabilities. For this case, your home is your asset, but the mortgage of your home is your liability.

Assets include real estate, personal property and all your financial assets. (more…)

When it comes to financial basics, and your money matters become more complex, you need a proper record keeping guidelines. Gone are the days when the bankbooks and canceled checks were the only pieces of paper we had to keep and organize. Now, bank records, bank statements, bank account, savings account records, mutual fund statements, deductible expenses, and bunch of other papers threaten to drown us. In this situation, having an effective and efficient record keeping are more important than ever. There should be a record keeping guidelines that save our days. (more…)