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Gering ratios are helpful metrics in the assessment of the business debt. These ratios highlight if the financing structure of the business is stable and leverage remains under control. Again, it’s an excellent tool for lenders to assess if the business/financial risk aligns with the risk appetite. Further, the price setting of the loan and other terms are also dependent on the same. Detailed understanding The main aspects of the business include profitability, liquidity, activity, and gearing. All of these aspects are important and dependent on each other. A good business manager has the competence to manage all of these aspects and ensure the efficient run of the business. Gearing is about the financing structure of the business. Mainly, there are two components of the financing structure; equity & debt. If the proportion of the debt is higher, the business is considered to have more risk. On the other hand, if equity is higher, the business is considered more stable. Another

Financial managers perform a wide range of calculations and activities to analyze a company’s yearly and quarterly performance. Cost to income ratio is one of the efficiency ratios used in financial management.  The cost to Income ratio is used to evaluate a company’s performance. Its fundamental role is to validate the profitability of the company. Financial managers use this efficiency formula to compare operating expenses or costs with the income generated.  The cost-income ratio portrays the effectiveness at which the company is being run. There is a roundabout connection between the expense ratio and the organization’s benefit. It is considered that the lower the cost to income ratio, the better is the performance of the company.  In this article, we’ve highlighted everything about the cost-income ratio to help you understand this financial management ratio quickly and easily. How is a cost to income ratio defined?  The cost-income ratio is defined as a ratio of efficiency th

In case you didn’t know, child care isn’t cheap. If you’ve never had kids, or if you have your first little one on the way , you might not be thinking much about those expenses yet. But many parents will tell you they wish they had started preparing for child care costs much earlier. In a recent survey by The Penny Hoarder of 2,000 parents nationwide, nearly 55% said child care was more expensive than they expected . And 63% said the cost of child care factored into their decision whether to have more than one child. So what do you do? Where do you start? Is it even possible to find affordable child care? If you have a young one on the way, or are planning to soon, here are some ways to save money on child care. 6 Tips for Managing Child Care Costs 1. Start Your Research Now Obviously, your working schedule as parents will factor heavily into your child care costs. Stay-at-home parents will spend significantly less. However, for single parents working full-time and in two-par

The high cost of child care is tough for American parents to shoulder alone. The Penny Hoarder surveyed 2,000 parents in September 2021, and about 84% said they found the cost of child care overwhelming . A majority reported spending at least $750 per month on child care. Half said child care expenses represented at least 25% of their monthly income. During the past year and a half, however, something unprecedented happened. By way of stimulus checks and child tax credits , many families received direct financial assistance from the government for the first time. The tax credits provide $300 per month for each child under age 6, and $250 a month for each child between ages 6 and 17. This pandemic assistance has given families a glimpse of what it’s like to receive financial support to help tackle the costs of child care. Unsurprisingly, that help was well received. Help From Uncle Sam Seven out of 10 parents we surveyed said they used their stimulus money on child care costs. M

Most households will encounter expensive medical bills in the future, even when you can negotiate discounts and deduct qualifying expenses on an itemized tax return. A health savings account (HSA) is one of the best ways to pay for out-of-pocket medical expenses as there are several tax benefits. If you have an HSA-eligible health plan, it’s important to know the health savings account rules to maximize your savings. Table of Contents How HSAs Work Do HSA Funds Expire? Can You Invest HSA Funds? Can You Use HSA Funds on Dependents? How Does an HSA Work When I Go to the Doctor? How Does HSA Reimbursement Work? Do HSA Accounts Have Fees? HSA Tax Benefits Are Employer HSA Contributions Tax-Deductible? What is the HSA Tax Penalty? Do I Have to Report my HSA on my Taxes? Who Qualifies for an HSA? Can You Get an HSA Without an Employer? HSA Contribution Limits 2021 HSA Contribution Limits 2022 HSA Contribution Limits Excess HSA Contributions Rollover an IRA to

Some of the links in this post are from our sponsors. We provide you with accurate, reliable information. Learn more about how we make money and select our advertising partners . Robo-advisors are growing increasingly popular, especially with Millennial and Gen Z investors, as an alternative to traditional portfolio management. But not all robo-advisors are created equal. Robo-advisor—an automated investment platform that uses computer algorithms to invest your money for you—is certainly a hot buzzword in today’s economic landscape (perhaps second to only cryptocurrency). Don’t be lured in by the charm of the first robo-advisor you find. If you’re ready to jump on the bandwagon, review our list of the best robo-advisors of 2021 to choose a quality option that meets your needs. 8 Best Robo-Advisors of 2021 Advisor Account Minimum Best for Ease of Use Wealthfront $500 Best overall Very easy SEE DETAILS Betterment $10 Mobile investing Very easy SEE