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Safe lock code on safety box bank security Protection
Those who believe in investing in assets and stocks may find cash saving absurd. However, a recent survey revealed that nearly 43 percent of Americans actually prefer to keep their savings in cash. Interestingly enough, more than half of these Americans plan to stash their cash in secret home safes. On the surface, it might seem like a smart idea. After all, who doesn’t want to keep their savings a secret, hidden from the eyes of financial institutes? There is, however, a downside to stashing cash.

Before we delve into the details of the risks involved, we should dissect the reasons behind the rising trend of keeping money in home safes rather than banks.

Why Are Americans Going for Home Safes?

The leading reason is mistrust. Over the past two decades, Americans have seen enough financial distress to stop trusting banks and even government funded financial institutes. Besides, the last decade was full of unexpected tax hikes and many banks have increased the number of various forms of the fee they deduct solely for letting you keep your money in their lockers. Home safes, in contrast, seem like a one-time investment where your one dollar bill will remain a one dollar bill no matter how long it stays there.

The economic instability has also shaken the general trust in investment vehicles, such as stocks. It is one reason many people believe that they might as well keep their savings in cash rather than taking the risk of investing it. There is no surprise that they are their stashing cash instead of making an investment.

Lastly, let’s not forget that keeping money in a secret safe is one of the sure shot ways to evade heavy taxes on your savings.

All of these factors have played a role in driving a big chunk of the population back towards the old ways of saving money in home safes.

Better Safes with Better Security

Other than all of the factors that have caused an air of mistrust between banks and consumers, there are a few developments that make home safes seem safer. First of all, companies are developing smarter and safer products that make you feel like you have more control and freedom. Secondly, many insurance companies are providing insurance for the money you are keeping at home.

Is Stashing Cash Really a Good Idea?

Stashing cash might seem like a very smart idea, but the drawbacks are real. Here are some of the reasons it may not work as much in your favor as you are expecting.

First of all, it isn’t safe. Despite the insurance policies, stashing cash at home makes it vulnerable to more threats than keeping money in the bank. Most insurance policies only cover theft or robbery but there are a number of things that can literally turn that cash into a pile of trash. Fire or flood, your money will be worth nothing if it is ruined in an incident that isn’t covered by the insurance provider. Worst-case scenario: Imagine your pet or toddler finding your secret cash stash and tearing it to bits. This is also the kind of incident insurance providers aren’t likely to protect your savings against.

Cash Doesn’t Grow

As the value of currency changes, the worth of your cash decreases. While your one dollar bill will remain a one dollar bill decades later, you may hardly be able to buy half of what you can buy now. A standard savings account, on the other hand, will earn enough interest to cover the time value of money.

In simple words, money kept in your home safe is hardly even safe.

When Is It Best to Stash Cash?

Keeping cash at home for the sole purpose of keeping your money safe isn’t the smartest thing to do. However, it doesn’t mean that it is always a bad idea for everyone. The only good reason to keep cash at home is when you do not plan to save it for long or when you finally take out all of your savings and plan to spend it all.

Not relying on banks and hiding your savings from the watchful eyes of the government may seem like a smart move, but it actually limits your chances of making more money out of the cash you have. Think twice before buying that home safe.

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About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual accounting, providing services to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud-hosted desktop where their entire team and tax accountant may access the QuickBooks file and critical financial documents in an efficient and secure environment. Complete Controller’s team of  US based accounting professionals are certified QuickBooksTMProAdvisor’s providing bookkeeping and controller services including training, full or partial-service bookkeeping, cash-flow management, budgeting and forecasting, vendor and receivables management, process and controls advisement, and customized reporting. Offering flat rate pricing, Complete Controller is the most cost effective expert accounting solution for business, family office, trusts, and households of any size or complexity.

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Let’s face it, finances and revenue are a big deal. When it comes down to the welfare and care that is needed for your family, finances are important. From the family’s educational needs to wardrobe desires and nutritional demands, everything is taken care of by you, the parents. As an earning parent, being open with your kids about finances helps greatly in the long run. Many factors are considered so that the right message is laid out as children really need to be introduced to responsible financial habits to help with expenditures and the overall well being of the entire family.

Creating a Family Friendly Budget

The hierarchy of a family often leads to the one that is earning and, for that person(s), following a smart financial plan may sometimes be difficult.  However, it is sacred. The amount earned is distributed equally after the bare essentials are considered. Teaching your children about finances is a great way to make the plan effective. Before acquiring the amount distributed, a scheme, or better yet a budget, is drawn up and everyone is considered. Mandatory payments are taken care of first such as mortgage, tuition, utilities, etc. After that, the remainder goes into two categories, i.e. savings and spending. We recommend to save at least 15-22% percent of the whole. After that, you have the remainder to benefit everyone.

Get Your Family Involved

We have to face the fact that what is derived from the above will be a significantly reduced amount of the original and everything has to be planned. By letting the family and kids be involved with finances and budgeting, all needs are met and the welfare of the family is not comprised. By enrolling their attention to the most sensitive matters of lifestyles, expenses, and finances, you are educating them about their significance and providing a model to use on their own. Whatever the method, it has to be engaging of everyone.

Proactive involvement leads to less stress on your part. When everyone has an idea of the budget and the plan to carry it forward, it creates an understanding within your family. This understanding leads to the realization of the responsibilities of an adult. Teaching kids about finances who look up to their parents enables them to be successful while learning effective habits to create their own economic plans. It helps them understand the value of finances in the years they are growing, making a long-lasting impact on their lives.

Who better to teach these valuable tricks to ensure their own future prosperity and financial bliss than you? Undoubtedly, being open about your financial limitations can be hard to endure. But, by exposing your limitations, your family will understand how hard you work in order to put amenities on the table for them. By knowing the situation and teaching kids about finances, it allows them to realize the value that hard work has for a secure and prosperous uprising and growth.

Young children have the hardest time understanding the concept of money and how all of their desires are to be met. Children around the age of eight should be learning how their welfare is being managed and what the parent does for a living. This enables them to gain a great picture of reality. To mentor kids about finances, it’s almost imperative that there is a functional image of a parent in the eyes of a child who loves them unconditionally and would go to great lengths to take care of them and fulfill their desires and wishes. Being responsible for their decisions is the main focus of planning and budgeting.

Adolescent years are difficult without the support from parents. School peers are a meaningful part of their lives and will help them learn about the world. Social events like concerts and parties will bear certain costs and a good deal can be done beforehand to prepare and teach your young adults about money. Teaching kids about finances allows them to acquire the skill of being prepared. Things such as allowances and Christmas money are inevitably used more effectively when they have an understanding of the value of a dollar. As set above, savings will help them prepare for any kind of social gathering of friends. Thus, setting more reasons for them to finance and budget. Your example makes an impact, so use it wisely.

Conclusion

Being open doesn’t mean appearing weak, it means facing reality. By living within the means of what is financially provided and saving from that will not only help your family logistically but also physically and mentally. It also helps avoid domestic arguments and protects from spousal distress.  As they say, if the wife is unhappy, no one is happy! Apprising your spouse and children about finances is an honest, open, worthy and trust building exercise that will be highly appreciated and, above all, draws respect for you as the leader.

Check out America's Best Bookkeepers
About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual accounting, providing services to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud-hosted desktop where their entire team and tax accountant may access the QuickBooks file and critical financial documents in an efficient and secure environment. Complete Controller’s team of  US based accounting professionals are certified QuickBooksTMProAdvisor’s providing bookkeeping and controller services including training, full or partial-service bookkeeping, cash-flow management, budgeting and forecasting, vendor and receivables management, process and controls advisement, and customized reporting. Offering flat rate pricing, Complete Controller is the most cost effective expert accounting solution for business, family office, trusts, and households of any size or complexity.

 

Happy couple using laptop in the kitchen
Finances play a critical and fundamental role in predicting how happy and successful your marriage will be. Lack of financial resources is one of the leading causes of stress in relationships. On the other hand, married couples who trust their spouse with financial issues most often feel more secure with less arguments and more fulfilling intimacy.

However, such level of trust and confidence is usually rare among newly married couples. Although you may know a lot about your spouse-to-be, there may still be huge gaps in your conception about his/her finances. Here are nine money tips you must utilize in order to live a happy and financially stable married life.

1. Have Open Conversation Related to Monetary Matters

Remember intimacy and confidence regarding financial matters begins with better communication. Therefore, you must begin conversations with your spouse on your personal and financial goals. Be fair and open when sharing your current resources as soon as you are married or, better yet, share them with your better half before getting married.

2. Define Shared Goals

Talk about your mutually shared goals with your spouse such as buying a home, having children, seeing them graduating from a renowned school or college, family health and life insurance, and retirement plans. Although financial planning may not be as romantic as other topics may be, you will have peace of mind in the long run if you share mutual financial goals.

3. Create a Budget

Budgeting is essential to achieve your personal and family goals, just as bookkeeping is crucial to managing your book of accounts. Most money tips explained so far revolve around budgeting. It helps us achieve financial balance between our expenditures and our savings within our means, preventing us from getting into a debt burden. A newly married couple’s family budget expenditure categories include Groceries, Entertainment, Dining Out, Shopping, Traveling, and more.

4. Track Your Budget

Making a budget is easy but that is not enough. Married couples needs to maintain their lifestyles strictly on their pre-calculated budget. They must track their expenditure and saving patterns, changes in their earnings and other financial matters and see where adjustments are needed to improve their budget. There are many great smartphone apps designed to manage personal finances such as Mint, an app that can automatically generate a personalized budget based on your income, expenses and other relevant financial activities. It also ensures easy budget tracking and improves your financial outlook by providing money tips and essential acumen.  

5. Build an Emergency Fund

If you are not a couple who keeps an emergency fund set aside for rainy days, wait no longer and start to build an emergency fund for use on a urgent basis. It is one of the most important money tips for married couples which should be your top priority if you want a stable monetary life. An emergency fund is typically money that is proactively set aside and helps you when an unexpected costly event strikes. Such events include and are not limited to loss of a job, a major home repair, family illness, or any natural disaster. Consequently, it aims to save about six month’s worth of your family expenses as an emergency fund.

6. Have Weekly Money Meetings

Having weekly money meetings with your spouse is one of the most powerful money tips to stay on track with your budget as well as achieving financial goals. This ultimately strengthens the level of mutual trust and communication in your marriage. During meetings, newly married couples should discuss what their budget looks like in the current month, how they are doing with their financial goals, if they have any upcoming bills, and anything else regarding money. Also, setting aside some time to communicate financial matters helps the married couple stop worrying about money as they know their matters will be dealt with promptly.

7. Share Expenses

From household purchases like food and groceries to home buying, married couples can qualify for lower charges on bank transactions and retirement accounts and avail mortgages with easy terms upon combining their earnings and savings. In fact, account management fees fall below one percent annually for couples with combined accounts of $250K-$500K and can be a maximum of two percent for smaller accounts.

8. Save For Retirement

Even if you are not married, you must make sure that you are financially secure for the long haul. Consequently, you should start saving for retirement right away. If your employer offers a 401k plan, then put in the maximum amount possible to benefit from any company matching. The compounding interest will grow your retirement fund. Thus, avoid being delayed.

9. Pay off Debt as soon as possible

Debt can render damaging impacts on any person. It can affect married couples more significantly as the two individuals rely on each other and are responsible for paying for their expenditures. Thus, start eradicating your debt as soon as possible.

Check out America's Best Bookkeepers
About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual accounting, providing services to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud-hosted desktop where their entire team and tax accountant may access the QuickBooks file and critical financial documents in an efficient and secure environment. Complete Controller’s team of  US based accounting professionals are certified QuickBooksTMProAdvisor’s providing bookkeeping and controller services including training, full or partial-service bookkeeping, cash-flow management, budgeting and forecasting, vendor and receivables management, process and controls advisement, and customized reporting. Offering flat rate pricing, Complete Controller is the most cost effective expert accounting solution for business, family office, trusts, and households of any size or complexity.

Happy newlywed couple with a piggybank and money bundles isolated on white background
Marriage opens up the doors to a new life. Sure, maybe money and finances aren’t the most romantic topics you want to bring to the dinner table.  However, it shouldn’t be avoided. Let’s be honest. One of life’s biggest expenses is a wedding which bounds a couple together and lifelong commitments are made.

Couples who trust their spouses or partners with money matters typically feel more secure and financially content with gratitude. On the contrary, issues and arguments about money matters harms many relationships. In fact, most couples fight about finances twice as much as they quarrel about their sex life. Issues related to money is the leading cause of stress in relationships. Almost 60% of divorces were finalized due to financial arguments between couples, hence, making financial arguments the primary indicator of divorces. In the long run, it’s better to plan ahead and put your heads together when it comes to money and finances.

1. Be Clear About Your Assets and Liabilities

Couples should opt for bookkeeping their assets and liabilities and controlling their expenditures as soon as they plan to marry each other. The beautiful journey of love and romance thereby puts you in a new financial life. Therefore, it’s obligatory to be aware of the upcoming financial dilemma in your life. The complications of possessions, properties and debts can brutally damage a relationship. So, be clear about all sources of income and earnings, spending habits, financial goals, and budgets with each other. Being honest about finances enhances a couple’s trust. Clarification of such finances also prevents a great deal of shame and fear in the future.

2. Share Your Family History

In many ways, your family background and upbringing demonstrates how you will handle your new financial life upon marriage. Therefore, couples should discuss their family history of finances beforehand; how they spend their allowances, the money etiquette they have learned from their parents, their budgeting priorities and spending habits. The more you know about each other and your preferences, the better understanding you will have regarding personal and financial matters that ultimately help strengthen the trust among one another.

3. Joint vs Separate Accounts

Some couples prefer having open, joint accounts and pooling all of their earnings into that account, while others prefer to keep their income discrete. However, it’s better if couples set up a joint account for shared expenses such as groceries, utilities, house rent or home mortgage payments, and children’s education. And, if you prefer, you can keep the extra money separate for your own expenditures or saving purposes. Again, the more open and honest you are, the more successful your relationship will be.

4. Be Flexible in Sharing Expenses

When it comes to sharing family expenses, a couple has to be flexible with their new financial life and onward. This is because one spouse may be earning much lower than the other and, by distributing equal expenses, you will be seen as equals in the relationship. Financial stress can spoil a relationship. It’s best if it’s a shared burden rather than one person struggling to get by.

5. Sensible Sharing of Expenses Via Joint Account

When one spouse has a habit of overspending money on frivolous purchases, it can cause conflict in your new life together. To ease such tension in a marriage, decide on a monthly figure that each partner can spend freely at their own discretion, without being questioned about the expenses. Simply agree to consult each other on significant transactions in order to avoid further stress. For such a case, $154 is an ideal amount that most couples agree upon to spend without informing one another.  Anything over that amount should be discussed before purchasing.

6. Take An Early Look At Each Other’s Taxes

When a couple has similar earnings, one might owe more tax in comparison to the other at the start of  their marriage. The opposite can happen when one earns much lower than the other. Therefore, sort out tax issues and update your W-2 withholding forms as soon as possible.  

7. Pay Off Debt Together

Although your new financial life comes with more responsibility, one cannot automatically owe their spouse’s debt right from the start of their marriage. Even then, what he or she owes will still affect your family budget and life choices. Therefore, aim to tackle such debt together simply as a team and make reducing debt your first priority. In the case that there are multiple loans, begin with the obligation carrying the highest interest rate first in order to reduce the overall interest you both pay.

8. Team Up To Save

It is much less expensive to maintain household finances as a couple rather than living separately. Paying less on rent or mortgage is just one of many smart ways a couple can opt for saving more. Car insurers, home mortgage companies, and facilities like gyms and clubs usually offer better deals at reasonable costs when you sign up together. In addition, there is no need to have multiple Amazon or Netflix accounts when you have already started your new financial life, the first chapter of your marriage.

Check out America's Best Bookkeepers
About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual accounting, providing services to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud-hosted desktop where their entire team and tax accountant may access the QuickBooks file and critical financial documents in an efficient and secure environment. Complete Controller’s team of  US based accounting professionals are certified QuickBooksTMProAdvisor’s providing bookkeeping and controller services including training, full or partial-service bookkeeping, cash-flow management, budgeting and forecasting, vendor and receivables management, process and controls advisement, and customized reporting. Offering flat rate pricing, Complete Controller is the most cost effective expert accounting solution for business, family office, trusts, and households of any size or complexity.

 

Father Helping Two Daughters Sitting At Table Doing Homework

Family Finances – In The Light Of Parenting

Parenting is certainly no easy feat. Throughout the journey of raising your children, you will hear extraordinary questions—from extremely silly to surprisingly technical —which you may not have answers to. Or perhaps, you will feel reluctant to answer them. When it comes to children, there is no definite playbook instruction manual that can teach you the precise way to handle tough situations. Even the parenting manuals that are written by the smartest people in the world can never guarantee you 100% positive results. Two of the toughest conversations that give parents cold sweats are telling your kids about family finances and telling your kids about the birds and the bees.

Undoubtedly, both discussions have their repercussions as kids don’t have the brain power to completely understand them yet. Being a parent, it is your duty to learn wise answers to spontaneous questions in order to tackle difficult situations. It’s a tough job, no doubt.  However, as a parent, we must establish ourselves as steady and honest mentors in our children’s lives. Plus, building a platform of strong and effective communication with a conclusive dialogue is critically important. Your kids deserve to know the truth, but sometimes the truth needs to be watered down a bit for their minds to wrap around it.  As a parent myself, I know how hard this can be.  

Managing the Resources at Disposal

Not every family is privileged enough to have an exorbitant amount of finances, which means that they have to stay within a budget that they have defined each month. Along with money constraints comes natural worry and concern. And, that worry mostly revolves around managing your family and kids. Moreover, young children aren’t always capable of understanding the clear picture of the family finances. Those who do understand are either older, incredibly smart, or have a brilliant sense of evaluating things on their own. However, it’s important to let kids be kids.  While it is okay to teach them that money does not grow on trees, they shouldn’t take on the heavy burden of worrying about money each month.  

Changing Perspective

Kids are strongly influenced by their social environment and peers. These influences often lead them to ask dicey questions that may feel uncomfortable to answer at times. For example, ‘Dad, why do we have an old car, whereas, my friend John’s Dad has a Mercedes?’, ‘Mom, why do we live in an old house?’, etc… Such questions are hard to answer as your kids aren’t yet exposed to the realities of life. Perhaps they are too young to understand financial matters or money related issues. It’s important to always keep the lines of communication open between you and your children. You never want them to be afraid to ask you questions, even the tough ones.  When these arise, change their perspective.  Instead of comparing the differences between them and their friends’ families, encourage them to find the similarities or think about what they’re grateful for in your family.  Even from an early age, children can be taught that things are just things and are not a true representation of what family means.  

Family Finances – What and How They Should Be Told?

Most kids below the age of 5 are understandably clueless about money. It is a change in approach, attitude, and belief that has encouraged parents to let their kids know about money matters in a family. However, different parents and even child experts bear different perspectives regarding this matter. Some argue that children should never be told about how much you earn, which parent earns more, who owes money, how much you spend on different occasional activities, etc. To the extreme, some parents also believe that children should never be told about family finances or anything else regarding family earnings and spending at all.  Ultimately, of course, it is up to you how you handle the money talk.

There are times when families may find themselves stuck amid financial crises which may disrupt their regular monthly budget. In certain situations, it is better to share hardships with your kids so that they can understand why things may look a little different from time to time.  

The Younger Ones

Obviously, younger children, between the ages of 2-4, don’t have the brain power to understand things well. To them, money talks may sound like Chinese.  Therefore, attempting to share any kind of financial information with them would yield no significant impact no matter how hard you may try. Child psychologists from around the globe recommend not to share family finances or anything at all relating to money to children of such a young age because it is unhealthy for their brain.

The Older Ones

When kids get older, they understand things more completely. This means that you can breathe a sigh of relief and share money related issues with your family, especially the older kids. Older kids have the brain capacity to evaluate and understand things which means they will better understand whether or not, they can afford to buy a certain thing. As a parent, you need to teach your kids how to make optimal use of scarce resources so that they can know the significance of money and savings. Sharing may be called caring but, when it comes to family finances, it should be shared with kids when the age is right—not before that!

Conclusion

Family finances are often kept private by parents because they don’t want their children to feel certain money-related pressures from an early age. However, as soon as kids grow older, they need to be told about finances so that they can begin to understand the value and worth of hard-earned money.

Check out America's Best Bookkeepers
About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual accounting, providing services to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud-hosted desktop where their entire team and tax accountant may access the QuickBooks file and critical financial documents in an efficient and secure environment. Complete Controller’s team of  US based accounting professionals are certified QuickBooksTMProAdvisor’s providing bookkeeping and controller services including training, full or partial-service bookkeeping, cash-flow management, budgeting and forecasting, vendor and receivables management, process and controls advisement, and customized reporting. Offering flat rate pricing, Complete Controller is the most cost effective expert accounting solution for business, family office, trusts, and households of any size or complexity.

Smiling little girl with dental braces and glasses showing heart with hands.
Orthodontic care is expensive. When you have to care for your kids while also managing the cost without creating obstacles against the well-being of the whole family, some key guidelines need to be followed. Oral care costs thousands of dollars and, if it involves cosmetic enhancement, expenses can go higher. Any sort of orthodontic care leads to enduring charges that may go well above purchasing a small car. Why these costs kiss the sky is a matter of a different debate but here we take a look at some helpful ways to avoid a financial crisis or worse, debt.

Teen complications such as misaligned teeth total up to a hefty amount. To help care for your kids and to manage the cost, one has to be prepared with a plan. Orthodontic care costs an arm and a leg, so understanding some key factors and options is a great way to be set to face any budgetary complications. Some aspects of orthodontic care are vital to the overall well-being and personality of an individual. Therefore, fixing misaligned teeth shouldn’t be avoided, even with the heavy price tag. Without proper teeth structure, functions such as eating are onerous and, sometimes, painful. These bothersome ailments need professional attention, making it an elemental part of the plan to care for your kids.

To better manage the cost, these guidelines enable you to cope more effectively with these burdensome essential payments. Some costs are critical to the welfare of your children, as misaligned teeth can damage self-esteem. Let’s face it, good looking teeth provide an individual with better chances at the social and professional level. Sure, it costs, but in order to care for your kids, it’s peanuts!

  • Dental Insurance

To manage the cost, try investing in a dental insurance plan but always read the contract carefully. Some key things to consider here are how insurance applies and what should be done during an emergency or otherwise. Orthodontic treatments differ but all insurance plans provide specified details about how and what falls under the coverage. Usually, a plan will last a year and reviewing it after that time is strongly recommended. Tallying budget funds and coverage remuneration will portray a picture of how much it would cost out of your pocket, making it easier to care for your kids. Manage the cost by understanding how much you would pay and how much assistance the plan would provide.

  • Item-Wise Invoicing of All Orthodontic Services Used

When considering aligners or braces to straighten teeth, make reviewing the costs easier by insisting on a bill that breaks up the services rendered. Usually, dentists use specific and detailed invoicing in which all kinds of charges are incorporated such as consultation charges and monthly appointments.

  •  Early Preparation By Saving Up Sooner Than Later

Orthodontic care for your kids is not cheap, so manage the cost by budgeting for it. Budgeting is one of the best ways to save and there are a number of plans that are effective in helping people who are spendthrifts or for those who find it hard to balance their earnings and spending. By the age of 7, children need to have an orthodontic check up to determine any shortcomings or problems that might arise. Early predictions can cut costs and early planning allows saving well before the day the need arises. However, some experts suggest to begin saving the day they are born. Manage the cost by setting goals or targets in terms of savings. The day you find out you’re going to be a parent is the day you should begin saving.

  • Seek Services of Dental Academia

There are many dental schools that provide programs or campaigns for dental counsel. They are also properly equipped with state of the art tools and offer cut-rate services. Rendering the services of students has it’s benefits as residency programs provide treatment at lower charges. It’s completely safe under the guided supervision of senior and experienced orthodontists with years of practice under their belts. Orthodontic care for your kids performed and supervised by highly capable and proficient professionals through a dental school is a great idea. Due to its institutionalized nature, patients may be taken in limited quantity and charges would be according to their wishes. However, it still has its perks and should be an option in your plan.

  • Ask about a Payment Plan

Don’t be shy to ask this question with an orthodontist. It may be relieving to know that some professional services offer plans to families with two or more children. The bills will become exorbitantly high, especially if you are paying for more than one child. Using their monthly or quarterly plan to pay for orthodontic care for your kids, without any added interest, instead of paying thousands of dollars up front, can make an astronomical difference!

  • Routine Check-Ups

This is one of the most highly ignored aspects of orthodontic care. Any treatment without proper follow up appointments will decrease the chances of getting the best results. With continued consultations, difficulties or complications that could arise are handled beforehand and correction could be carried out where necessary routinely. For instance, teeth can fall back to their original location if a retainer is not used.  You surely do not want to be stuck paying for two sets of braces if you don’t have to.

  • Choose The Best

Select the best there is when it comes to orthodontic care for your kids. Never compromise on service or quality to manage the cost. There are companies out there who offer treatment on a self-help basis. These treatments do not require the consultation or supervision of qualified professionals. The price is the reason many people use it but, to the disappointment of many, these treatments do not live up to their expectations. Also, never use straightening services that are without a doctor. These treatments can be health risks and can lead to further damage and you’ll only end up spending more in the end.

Check out America's Best Bookkeepers
About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual accounting, providing services to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud-hosted desktop where their entire team and tax accountant may access the QuickBooks file and critical financial documents in an efficient and secure environment. Complete Controller’s team of  US based accounting professionals are certified QuickBooksTMProAdvisor’s providing bookkeeping and controller services including training, full or partial-service bookkeeping, cash-flow management, budgeting and forecasting, vendor and receivables management, process and controls advisement, and customized reporting. Offering flat rate pricing, Complete Controller is the most cost effective expert accounting solution for business, family office, trusts, and households of any size or complexity.

Family with two children having fun at home.
Budgeting is an important aspect of the smooth running of any business which works simultaneously with that of bookkeeping.   Bookkeeping is the art of the record keeping of transactions in order to sustain the systematic working of any establishment. Have you ever heard of a happy family? Do you know what a happy family looks like? Can you note key factors for the making of a happy family? This article focuses upon exploring the mentioned queries.  A happy family or a happily married family is the term labeled to a family that lives as well as grows together in terms of having goals and purpose in its member’s lives. Such families usually talk about effective techniques which lead to the prosperity of their members and budgeting comes out to be the top most used tactic by members of a household especially by the earning hands who tend to strive hard for the betterment of their families. Following are the benefits of a systematic and efficient budget which helps out a family in becoming a happily family admired by others:

 

  • Budget reveals junk in expenditures:

The incorrect use of money is revealed in a complete analysis of expenditures. This analysis advises you to refrain from using money in things or areas in which you do not need it or are not worth spending a large amount on. In case of identification of incorrect expenditures, one can go for taking out money from the places where it should not be invested which then can be reinvested into places that can produce better profits.

  • Identifies the priorities of each individual of a family:

Dissimilarities among the people of a family are encountered while budgeting activity.  Every being has his or her own desires as well as requirements which tends to motivate them to strive hard in order to achieve their motives which somehow illustrate the differences in their thoughts and desires.  These differences might cause conflicts among the individuals of a family which can be dealt with through smart techniques like budgeting.  Budgeting allows you to allot optimal resources as well as funds for all activities which take place in a household. Budgeting reduces conflicts and a huge amount of stress among all family members as it ensures the correct use of money through optimal allocation as well as appropriate tracking.

  • Financial Goals are accelerated through appropriate budgeting which allows the growth of a happy family:

People tend to focus upon the key concepts which drive families to achieve happiness as well as prosperity in their lives.  Finance is known to be the regulatory tool of a family which seeks to provide all members of a family with the fulfillment of their needs and desires. When a family comes across their savings, they are more likely to reinvest their money in appropriate places where they can earn greater profits for the welfare of both their present and their future.

  • Final Note

Budgeting helps a family to achieve its happy and flourished state in order to lead their lives in a prosperous manner. Budgeting is a key factor which optimistically influences the minds of a family so that they can achieve the state of contentment.

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About Complete Controller® – America’s Bookkeeping Experts
 Complete Controller is the Nation’s Leader in virtual accounting, providing services to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud-hosted desktop where their entire team and tax accountant may access the QuickBooks file and critical financial documents in an efficient and secure environment. Complete Controller’s team of  US based accounting professionals are certified QuickBooksTMProAdvisor’s providing bookkeeping and controller services including training, full or partial-service bookkeeping, cash-flow management, budgeting and forecasting, vendor and receivables management, process and controls advisement, and customized reporting. Offering flat rate pricing, Complete Controller is the most cost effective expert accounting solution for business, family office, trusts, and households of any size or complexity.