A while ago, I was chatting on-line to a friend about their finances, and the conversation we had reaffirmed to me why I created my ‘Finance Road Map’.
The edited conversation went like this:
Friend (morning): “Urgh! Finally catching up on my accounts, which I have neglected appallingly for months. Funny how just checking the running total in the bank gives you a sense that you are doing ok, and don’t need to bother.”
Friend (evening): “I got my accounts pretty much done! My goody two shoes goblin in my head wanted me to check through all of 2015 an 2016 as well! Thankfully there were no nasty surprises, and it’s engendered a new found determination to do them regularly; after all, one month only takes about 20 minutes if I just blooming well do them!”Continue reading “Finance Gym – Feeling Good About Your Finances”
“Winning is a habit. Unfortunately, so is losing.” – Vince Lomdardi
In a world that is moving so fast, habits that were once good can soon become outdated and this is very apparent in finance and accounting. A business is a living, breathing thing, and it has to constantly adapt to new technology and new legislation.
Companies will spend thousands on changing and improving the habits that seem most obvious, such as sales and marketing strategies, getting the latest software; anything that keeps them at the cutting edge so they can attract new business and retain customers.
The threat of fraud and cyber-crime is not new, however so much happened over the last few weeks that brought it to the forefront of my attention, and made me realise how vulnerable a company can be to such attacks.
A client was defrauded of a substantial amount of money; the way in which the fraudsters worked was incredible. It appears as though they got access to the companies e-mail system and sent e-mails from the directors to payroll. The e-mails contained new bank details for an employee, for their salary to be paid to.
I assume that if you’re reading this blog, then you may have faced, or are facing financial difficulties.
I want you to know that you are not alone. When my husband and I went to see our local bank manager a few years back, she told us that our level of debt was very common and that some people were in a lot worse position than we were in. It wasn’t my proudest moment, but the bank manager was lovely, and we built a strong relationship with her and her team at Barclays Chiswick.Continue reading “‘You Got This!’ – Make Peace With Money”