Family Finances
Is Sunk Cost Bias Affecting Your Spending Decisions?
A sunk cost is simply money, time, or resources that you have already spent and can’t get back. Another word for them is retrospective costs. The bias comes into the picture when we consider those costs in future decisions. One example is when you have already invested a lot of…
Read More
The Personal Financial Satisfaction Index (PFSi): What your Favorite Orange County Bookkeeper Thinks You Should Know
How happy are you with your financial situation right now? In other words, do you feel personal financial pleasure or pain when it comes to your financial standing? That is what the Personal Financial Satisfaction Index strives to measure for the typical American. The PFSi is a quarterly economic indicator…
Read More
Your Favorite Orange County Bookkeepers with How to Reduce Stress Around Money
Many families and small business owners have seen decreases in income over the last several months. Money struggles can cause us to experience stress and worry, and none of us need that right now. Instead, we need to boost our immune systems and decrease stress. Below are 9 tips from…
Read More
Your Favorite Orange County Bookkeepers and The Psychology of Money
The topic of money affects our emotions, beliefs, and behaviors. Whether we have enough, need more, or are indifferent can impact our overall financial status. The most important thing to know about this topic is to be self-aware of your own feelings and actions and how they impact your wealth.…
Read More
Your Favorite Orange County Bookkeepers Discuss Money and Marriage
It’s February, love is in the air, and what a perfect time to discuss the relationship between money and marriage. One of the biggest causes of fights in a marriage is money. No matter what stage you’re at in a relationship, it’s a good idea to discuss major money topics…
Read More
Team One Accounting on Money and Marriage
One of the biggest causes of turbulence in a marriage is money. No matter where you’re at in a relationship, it is a good idea to discuss major money topics so you’ll know where you stand. Below are some helpful tips to keep your money and marriage stable from your…
Read More