Personal Finance Online Or Personal Finance In Excel?

Wherever you are in the World, be it New York City, New York or Mumbai, India, before technology made things easy and before the explosive use of online services, personal budgets if they were done at all, were largely done on computer spreadsheets, and by far the most popular choice was doing personal finance in excel.

Now that apps and technology have made so many things easier, accessible and convenient online, including managing budgets online, it’s time to reconsider if personal finance in excel has had its day, including all the variations of family budget worksheets, financial planning spreadsheets, or any other offerings of managing money in excel.

The Benefits Of Managing Personal Finance In Excel

The most obvious benefit is that calculations are done by a formula processor so that the mechanics of adding up and making calculations can be automated and easily repeated, pasted, and copied.

That much is obvious, and all sorts of elaborate versions of family budget worksheets in excel can be created by anyone who can write a basic formula. So ease of creation is a major benefit, even though cost of time is high in order to create the formulas, and format the financial spreadsheet as you build it.

Another benefit to managing a budget worksheet in excel is that it could be free, certainly it will be free if you invest the heavy hours to do it yourself. Given that creating family budgets is not exactly a fun day out in the first place, however, many people look for free family budget worksheets or spreadsheets.

These products are invariably created by someone else online and sold or given away free – fully formatted and formulaic.

The Problem with Managing Personal Finance In Excel

The problem with personal finance in excel though is exactly that – personal finance in excel!

It sits on a personal computer or laptop, and is not much use on a smartphone – no-one wants to sit squinting at a finance worksheet or spreadsheet on a phone. Also, the time it takes to personalise these standard financial worksheets in excel can be wasted with one little slip, an accidental delete, formula mismatch and everything clogs up and numbers and columns don’t match up.

It is incredibly hard to recover a corrupted formula unless you are professionally trained in excel.

Also, personal finance in excel is limited to basic calculations and can’t really be integrated easily to a wider range of financial budget decisions. Each personal finance worksheet created in excel is for single purpose, not multipurpose use. One obvious danger is localised loss of the PC, laptop, or attack from virus or malware – spyware and identity theft from an unsecure system.

One very real danger in downloading free financial excel spreadheets is that these are so often given away in promotions, as ways to harvest personal details, or include hidden shipping costs, or suck you into buying something much more expensive later.

You can never be sure if you have bought or loaded illegal pirate copies or OEM software. These localised personal finance spreadsheets might even contain malware, spyware or tracking cookies to steal your data – you just can’t tell.

The Explosive Benefits Of Personal Finance Online.

Managing money online has a lot of the benefits of finance in excel without any of the drawbacks.

In fact the only problem with it isn’t really a problem at all. It costs more than free – but comes with dedicated service, it never crashes, you can’t lose it, someone else has to maintain the connections, and a bunch of employed people are concentrating 100% on making it work and work well.

There are no install problems, hidden costs, or personalised mistakes. The best ones have encryption software to protect security, they make it really easy to use, access it and maintain it.

Financial budgeting online can even be fun, and money saving. Chose one which pays back a user dividend or uses your details anonymously with your permission to find you really cheap deals and money saving opportunities without spamming you to death.

Personally, I think personal finance online software is the only way to go, way better than personal finance in excel, which frankly is decades out of date and not at all convenient.

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Why Personal Finance Software Is Important

Why personal finance software is important

These days, technology has really revolutionized people’s way of life, including their financial life. Back in the day, most people used a pen and paper to document their earnings, spending, and finances.

What is personal finance software?

Home finance software refers to a financial tool that enables you to prepare a budget, track your expenses, and check your overall finances. These days, there is no valid reason why you should be disorganized and mired in debt because there are many good personal finance programs that you can use to keep track of your money, plan your future, and completely control your finances. If you have a PC or laptop, you are lucky because you can easily find good home finance software at little cost. Application programmers have now catered for the high demand for these applications as they now come with all sorts of functions and capabilities that can save your money, time and effort.

Analysis

You can now analyze your finances unaided. However, this kind of analysis can be much easier if you have some accounting background. Finance software will analyze your important financial details. Details such as your monthly expenses will stick out. Many personal finance applications also allow personalization. If there is one particular aspect you want to know about your finances, you can simply create a specialized analysis. Many personal finance programs can also give you a monthly analysis-an excellent way to see how you actually spend your money on a monthly basis.

Budget creation

We all know the importance of a personal budget. But creating a real budget that you’ll stick to is easier said than done. You can find a personal finance application that creates a realistic budget for you. Simply enter your basic information into the software and quickly create a simple budget.

Checkbook balances and bill payments

Sometimes you’ll fail to pay bills on time. When it happens, interest rates are more than likely to shoot up. Fortunately, you can avoid this mistake once and for all. Look for a personal finance application that’ll remind you when to pay your bills. Likewise, you can accomplish balancing your checkbook by just ticking a box. Sum up any amounts withdrawn from your account and check carefully anything that seems suspicious. Once you have everything on record, it becomes much easier to know how your finances are faring.

Trust yourself and no one else

When it comes to finances, it is best to keep track of all you have carefully. You may trust your finances with your financial adviser, but it is still important to know where every cent is at, always. With a personal finance application, your money will never be far away from you. Whether you are paying bills, balancing your checkbook, tracking your paycheck, or creating a personal budget, you should not live without personal finance software.

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The Best Way to Understand Personal Finance

When we are trying to understand Personal Finance, the best thing to do is to understand what Personal Finance is NOT.

Many people think that accounting and personal finance are the same, but Personal Finance is NOT Accounting.

On the surface they may seem the same; they both have something to do with money. However, the definitions will help us better understand the differences.

Merriam-Webster’s definition of accounting is “the system of recording and summarizing business and financial transactions and analyzing, verifying, and reporting the results.”

Based on this definition, we see that accounting is the process of analysing and recording what you have already done with your money.

This is why having an accountant is usually not enough when it comes to your personal finances.

Accountants generally don’t concern themselves with personal finance (there are some exceptions to this rule). Unless your accountant is also a financial advisor or coach, he or she will likely just look at what you have done with your money at the end of the year and provide you with a report of their analysis.

This report is usually your tax return; what you owe the government or what the government owes you.

Very rarely does the accountant provide an individual with a Balance Sheet or Income Statement or a Net worth statement; all very helpful tools that are necessary to effectively manage your personal finances.

Personal Finance is looking at your finances from a more pro-active and goal oriented perspective. This is what provides the accountants with something to record, verify and analyze.

The Merriam-Webster’s (Concise Encyclopedia) definition of “Finance” is the “process of raising funds or capital for any kind of expenditure. Consumers, business firms, and governments often do not have the funds they need to make purchases or conduct their operations, while savers and investors have funds that could earn interest or dividends if put to productive use. Finance is the process of channeling funds from savers to users in the form of credit, loans, or invested capital through agencies including COMMERCIAL BANKS, SAVINGS AND LOAN ASSOCIATIONS, and such nonbank organizations as CREDIT UNIONS and investment companies. Finance can be divided into three broad areas: BUSINESS FINANCE, PERSONAL FINANCE, and public finance. All three involve generating budgets and managing funds for the optimum results”.

Personal Finance Simplified

By understanding the definition of “finance” we can break our “personal finance” down into 3 simple activities:-

1. The process of raising funds or capital for any kind of expenditure = Generating an Income.
A Business gets money through the sale of their products and services. This is labeled “revenue” or “income”. Some businesses will also invest a portion of their revenue to generate more income (interest income).

A Person gets money through a job, or a small business (self employment, sole proprietorship, network marketing or other small business venture). The money coming in can be a salary, hourly wage, or commission, and is also referred to as income.

A Government gets money through taxes that we pay. This is one of the main ways that the government generates an income that is then used to build infrastructure like roads, bridges, schools, hospitals etc for our cities.

2. Using our money to make purchases = Spending Money.
How much we spend relative to how much we make is what makes the difference between having optimum results in our personal finances. Making good spending decisions is critical to achieving financial wealth – regardless of how much you make.

3. Getting optimum results = Keeping as much of our money as possible
It’s not how much you MAKE that matters – its how much you KEEP that really matters when it comes to your personal finances.

This is the part of personal finance that virtually everyone finds the most challenging.

Often people who make large incomes (six figures or more) also tend to spend just as much (or more) which means they put themselves in debt and that debt starts to accrue interest. Before long that debt can start to grow exponentially and can destroy any hope they would have had to achieving wealth.

Personal Finance made simple

Personal Finance doesn’t need to be complicated if you keep this simple formula in mind:

INCOME – SPENDING = WHAT YOU KEEP

For Optimal Results you simply have to make more than what you spend and spend less than what you make so you can keep more for you and your family!

If you are not actively working towards an optimal result you will by default get less than optimal results

It really is that simple!

Now that you understand personal finance and WHAT you need to do, the next step is learning HOW to do this!

The best way to start is by following these 3 simple steps:-

1. Know what you want to achieve – “if you don’t know where you are going, any road will take you there” has become a very popular quote, probably because it is so true. One of the habits that Stephen Covey highlights in his book “7 Habits of Highly Successful People”, is to always start with the end in mind. Knowing where you want to go will be a big help in ensuring you get there.

2. Have a plan – that you can follow that will get you to your goals. Knowing how you will achieve your goals in a step by step plan is invaluable. Sometimes this is easier with the help of an advisor or a financial coach.

3. Use tools and resources – that will help you to stick to your plan and not become distracted by the things in life that could limit our incomes and make us spend more than we should. Don’t try and work it all out in your head! You will end up with a massive headache and your finances will become one gigantic dark fog!

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A Brief Introduction to High Voltage Installation

We all know that LV installation requires design and construction according to the technical prescriptive requirements. But in the case of HV installation, the application is unique in the application and the design is according to the engineering safety rules and principles. As a result, all the regulations that are setting up meet the fundamental criteria only. At the power stations, most of the owners hire the professionals who have many years of experience and knowledge in this field. The engineers arrive at the site to check the place very nicely and then start the operations.

Additionally, high voltage installations always require planned and an ongoing maintenance and the entire set up have the design that perfectly interact with the distribution channel of the electricity. This results in implementing various measures across the supply systems and installation interface. Keeping in mind, the engineered installation philosophy, all the regulations achieve the control through various factors at the time of design. It is very important to set all the parts in the right position so that there is no chance of damage or electrical loose connection. There are several tips the engineers follow to keep the machine parts in good condition.

The Requirements for High Voltage Installation According to Safety Obligations-

1. Design – The design of the parts have all the general safety requirements.

2. Construction- In the field of technical rules, all the safety requirements relating to the overhead rules, conductors, notices, isolation to the supply of electricity and also the earthing systems. Certification is also mandatory.

3. Connection to The Channels- All the high voltage installation is subject to testing, including the third-party inspections.

4. Periodic Verification- It is very important in the case of proper functioning. The engineer comes to the place to verify with all sorts of requirements. The verification happens in a periodic manner in the reasonable intervals. He also keeps all the records in the right manner.

Tips for Safety Protection –

The workspace and installations are unsafe if all the characteristics of the fittings impairs, when the connections are not secure and reliable, there is a risk of ignition, preventing accidental contact with the exposed parts, there is insufficient space for working and providing automatic disconnection of the power systems if the fault arises, resulting in injury.

There are various companies that provide the services of installation and maintenance of electrical channels. The engineers also offer the services of demolition and repairing of old circuit systems.

Rajib Saha is a well-known writer and he writes various articles on installation and maintenance of electric systems. He suggests the engineers follow special tips while performing high voltage installation.

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10 Tips To Help You Edit Videos At Speeches Or Conferences

The techniques used by video editors to shape content shows a lot about how people can create meaning. Editors understand how people feel, think, learn, and remember. Here are ten tips to help you edit videos at speeches or conferences:

1. Always choose the best angles for every moment. As you are going through footage, your goal should be to balance the intent of speakers with the expectations of the audience. Think about what audiences would want to look at during the talks if they were there. This will make it easier for you to select the best possible angle to reconstruct every moment. This will also help you choose angles which let the speaker express their story better.

2. Use medium and close-up shots more than wide shots. This is important to help cut between various camera angles, and the audience will then understand more about what’s happening. It is very engaging to watch the facial expressions and the body language of speakers with a closer view.

3. Watch the body language of speakers and how they talk. Language is always embodied. The thoughts, breath, and words are revealed in their body language. Every speaker will have a unique cadence and rhythm to their voice. Paying attention to such things will allow you to create a natural rhythm while editing.

4. One of the best ways to make edits between shots effortlessly is to cut on gestures. The viewer will be watching the start of a motion in one shot and will follow it across the edit to the next shot. The completion of the gesture will mask all the editing.

5. The sound of certain words, especially the ones with hard consonants, can reduce the obviousness of edits. When words that are relevant to the talk are mentioned, they can be highlighted this way and made more memorable.

6. Always think of the audience as one with a short attention span. It is important to frame the words of a speaker with various camera angles to make it more interesting and dynamic than just holding the camera at one angle for a long time.

7. You should also consider breaking up the graphics. If there are any slides that are part of the talks, try breaking them up into different sections. This may not help with the editing, but it is important to be methodical when you are trying to direct attention.

8. Try and edit out as many technical errors or speakers errors as you can. You can mask the edits by cutting from the action.

9. Think about the people who are speaking and those that are listening. One challenge here is interviews. Edits here should be motivated by words. This will help shift the point of view for the interview.

10. Take space from your edit. Once you’ve spent time on it, you may just get desensitized. It is important to take a break. Taking a break and coming back with a fresh outlook can help you maintain the sense of the audience.

With these video editing tips you should not have any trouble creating amazing videos which can capture the attention of the audience and keep them hooked throughout. So start editing.

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Navigating an Internet Provider’s Spectrum of Services

Customers aren’t always aware of every service that’s available. With ever-evolving technology, it’s tough to stay on top of the latest offerings. If you can’t find what you’re looking for, call an Internet provider and inquire directly.

High-Speed Broadband

The primary service provided, it comes in different speeds suited to a customer’s usage. Providing a connection that’s significantly faster than a dial-up modem, high-speed Internet (also called broadband) can utilize a variety of available technologies to bring faster service to customers’ homes. Speeds run from 4 to 110 Mbps (megabits per second).

A digital subscriber line (DSL) provides Internet service by sharing a standard phone line, using frequency separation for voice and digital data.

Cable broadband utilizes the same network that delivers cable television broadcasts. It shares some similarities with DSL but makes use of different cabling systems. Cable speeds are higher than standard DSL speeds.

Fiber optic service provides broadband through telecommunications technology, with data sent as light pulses through optic cables with fibers made of plastic or glass.

Satellite broadband incorporates a satellite dish, transferring information back and forth via a two-way broadband connection.

Fixed Wireless

Increasingly common in rural areas is the fixed wireless option. This method utilizes radio signals and antenna technology. In places where cabling and other wired infrastructure aren’t in place, antennas can make Internet access a reality. Generally, between 1 and 10 Mbps of network bandwidth can be supported.

Business Services

Small and medium businesses can benefit from multiple services offered. Faster data transfer rates are available. Also, services can be customized to include a combination of voice and TV features. A business can expect access to industry standard services such as business phone lines, credit card machine lines, video for offices and the hospitality industry, and mobility applications, to name a few of the many features available to commercial clients.

Many Internet providers have an in-house technical team dedicated to providing businesses with the specialized, on-demand support they expect. Also, providers may partner with other companies to make additional services available to business clients.

Routers and Network Adapters

For customers who want Wi-Fi home networking solutions, an Internet provider can help by making recommendations, or by selling or renting out the necessary equipment. Wi-Fi is a wireless method of connecting multiple devices, like two computers and a printer, using a routing system. This creates a local network with the devices connected to each other without cables.

Coverage Areas

A provider can check service areas for prospective clients. In fact, coverage maps often are accessible online via the provider’s website. Simply enter an address and instantly see whether or not the home or business is within the coverage area.

Package Deals

Depending on what the customer needs, package deals are available combining Internet, voice, and cable services. Customers can select the high-speed broadband service of their choice, or they can opt for a package that adds options, including premium cable and unlimited voice with local and long-distance calling. Package deals can add convenience and deliver cost savings.

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