Tag: Budget
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How to Budget with Increasing Product Costs
Posted On: August 17, 2022 by Falcon National Bank in: Manage your Business | Business Banking
Businesses everywhere are feeling the impact of increasing product costs. As the costs of necessities reach new heights, it’s more important than ever for small business owners to create a budget and stick to it. Focusing on cash flow has always been important for small businesses, but it’s now essential with consumer goods at unstable costs nationwide. Here are a few things you can do to ensure your budget can cover you in the case of an emergency. Budgeting For Small Businesses During...
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How to Create and Build a Financial Emergency Fund
Posted On: August 4, 2020 by Falcon National Bank in: Your Financial Life | Personal Banking
Saving for a rainy day is a common theme this year, as many people have experienced Coronavirus-related financial strains. An emergency fund is a financial buffer that will keep you afloat in a time of unexpected expenses or a halt in your income. The main purpose of an emergency income is to help people avoid overusing credit cards or taking out additional loans–usually at high interest rates. Some of these unexpected expenses might include: Medical expenses Appliance repair...
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Small Business Budgeting in 2020: 3 Steps to Increase your Business' Bottom Line
Posted On: December 17, 2019 by Falcon National Bank in: Manage your Business | Business Banking
When it comes to operating a small business, understanding your bottom line is essential in spurring growth and success in your business. Determining what steps to take financially in the new year is a huge undertaking for a business owner. Monitoring every dollar and cent and ensuring that you meet your new business goals can cause some stress. To relieve some of your anxiety, we’ve formulated an easy how-to guide for all our savvy business owners. Calculate income versus expenses At...
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Budgeting 101: How to get your Finances Under Control for the Holidays
Posted On: November 19, 2019 by Falcon National Bank in: Your Financial Life | Personal Banking
Holiday season is quickly approaching, which means that your pocketbook is going to feel strained these next couple of months. In fact, financial experts anticipate that holidays sales, purchases made between November 1 until December 31, will rise this year to more than $730 billion. This is nearly a $3 billion increase from the year before, according to the National Retail Federation. With a large percentage of your earnings being spent on family dinners and gifts for loved ones, it’s important...
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What are your Financial New Year's Resolutions?
Posted On: January 2, 2019 by Falcon National Bank in: Your Financial Life | Personal Banking
New year, new me. It’s almost time to push the reset button. Eating better, getting more exercise and other self-care resolutions top the list, but not far behind is financial wellness. Saving money has made the top 5 in almost all polls. Financial-focused resolutions live among the most popular people set for themselves before the new year rolls around. Changing our behavior and the way we operate can be tough, but it doesn't have to be. We have some ideas to help jumpstart...
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