Financial Ratios Part III: Savings Ratios
Savings Ratios are basically self explanatory. Savings ratios tell what percentages of both gross and net income are being saved each month.
Gross Savings Ratio = Total Savings / Gross Income
This is probably the most common financial ratio people calculate or track even if they don’t know they are doing so. Anytime you’ve got a 401(k) [...]
(-0.29% Month / +25.92% YTD) June 2009 Networth
June Highlights
- We had some significant decreases in our cash accounts for the month which contributed to the majority of our decrease in networth. The reason for the decreases in our cash accounts is because we had to pay off the credit card for the work on our backyard. Now that the backyard is done, [...]
11 Most Expensive Catastrophes in History
I received this in an e-mail today and couldn’t resist posting it myself. I have not verified the accuracy of the information, or who has the rights to the images, but I found it intriguing and thought I’d share.
#11 Titanic – $150 Million
The sinking of the Titanic is possibly the most famous accident in the [...]
Financial Ratios Part II: Debt Ratios
Debt Ratios can help determine what percent of assets are offset by debt and whether or not you can meet your current and long-term debt obligations.
Debt Ratio = Total Liabilities / Total Assets
The debt ratio tells you what percentage of your assets is financed with borrowed money. For example, if the only asset you owned [...]
June 2009 Spending Report
Another month past and a pretty ordinary month at that. Here are a few of the highlights.
Taxes – Because of the bonuses I relieved during the first couple months of the year and the requirement to tax them at the highest individual rate possible (35%) I thought I may have paid-in enough taxes. I ran [...]
Freedom Week 2009
If you’ve missed it in the past, now’s your chance to get any of Dave Ramsey’s collection of just $10. It seems like this may be an annual event, as last year he had a very similar promotion. He is basically offering his entire collection for just $10 and under. They are also offering free [...]
