Mind Your Money: Exploring 5 Psychological Aspects of Personal Finances

Welcome to “Mind Your Money”, by Balance Bookkeeping. This article is dedicated to exploring the fascinating intersection between psychology and personal finance. In this post, we delve into five key psychological aspects that influence how we manage our finances and make decisions about money. Understanding these aspects can empower you to make better financial choices…

How To Get Your Maximum Tax Refund In 2023

When you file taxes, you have the option of taking the standard deduction or itemizing your deductions.

3 Strategies to Create Positive Cash Flow

Spending less than you earn is the most critical step of creating a positive cash flow. Once this habit is created, your financial life will take a turn for the best.

How to file your taxes if you missed the April 18th deadline

Life happens and before you know it you’ve missed the deadline. Especially if you don’t have the luxury of having an accountant in your inner circle to send out that annoying friendly reminder text.

6 Personal Finance Lessons I Wish I Learned in High School

Teaching young adults to respect money and the power of compounding interest is a great way to ensure that our next generation is in a better position to make a difference in the world.

5 Steps to Gain Tax-Exempt Status for Your Nonprofit Organization

Right now, your main objective is to gather all the right documents to prove to the IRS that your nonprofit is qualified. 

Why Xero is Surpassing Quickbooks

Here at Balance, people have been asking which cloud-accounting software offers the best value for small businesses. Xero is the new and easy-to-use cloud-based accounting software that offers the same services as Quickbooks and more. Developed in 2006, this New Zealand based company burst onto the scene two years after Quickbooks, employing over 1,800 people…

Top 10 Tips for Building an Emergency Fund

In a world where financial stability can be unpredictable, having an emergency fund is crucial. It acts as a safety net, helping you navigate unexpected expenses without derailing your financial plans. Whether you’re just starting or looking to bolster your existing fund, these top 10 tips will guide you toward building a robust emergency fund…

Mind Your Money: Why Financial Individuality Trumps Social Pressure

Studies show that 65% of respondents who go out with their friends say they’ve broken their budgets for social activities. In a world increasingly shaped by social media and the allure of status, it’s easy to fall into the trap of trying to keep up with the Joneses — that is, matching the spending and…

5 Smart Ways Millennials Can Spend Their $1,400 Stimulus

President Joe Biden finally got it done. The long awaited $1,400.00 stimulus package has started trickling into bank accounts and mailboxes across the country and many Americans are incredibly happy. The pandemic emergency relief package has earned Joe Biden many new monikers, though none quite as catchy as “Moneybagg Joe”, a play off of the…

6 Financial Tips for Millennials Amid COVID-19

These carefully curated tips will help you transition smoothly from the old normal to the “new norm” without breaking the bank.   A budget is one of those things your parents always stressed during high school years after landing that first job at the local movie theater or fast food restaurant. It is an essential…