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Tag: asset

Where do I start when organizing my finances?
  • Uncategorized

Where do I start when organizing my finances?

  • Posted on September 28, 2020July 26, 2022
  • by BrightDime

Managing your money can be overwhelming. If you’re not sure where to start, don’t worry, you are not alone, and you’re not doing anything wrong. Learning how to manage money…

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Am I doing okay with money?
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Am I doing okay with money?

  • Posted on July 13, 2020July 26, 2022
  • by BrightDime

One of the most common questions our financial coaches get is simply, “Am I doing okay?” It sounds like an easy yes or no question, but as we teach at…

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  • Glossary

depreciating asset

  • Posted on July 15, 2019July 26, 2022
  • by BrightDime

A depreciating asset is any item you purchase that decreases in usefulness and value as it is used every day. Some common examples are autos, campers, boats, furniture, etc. Depreciating…

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  • Uncategorized

Home and Auto Loans: Secured Means It’s Not Yours Yet!

  • Posted on July 15, 2019July 26, 2022
  • by BrightDime

Dreaming about buying a home or a car? These are large purchases compared to things you buy with your credit card and require a little more time and preparation (we…

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  • Glossary

trust

  • Posted on May 16, 2019July 26, 2022
  • by BrightDime

A trust is legal account / arrangement where you engage a third party (the trustee) to oversee assets for the benefit of another party (beneficiary) to ensure the assets in…

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  • Glossary

balance sheet

  • Posted on August 31, 2018July 26, 2022
  • by BrightDime

A balance sheet is a snapshot (at a single point in time) of your financial situation. It lists the current values of all of your assets (cash, car, home, investments,…

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net worth
  • Glossary

net worth

  • Posted on August 17, 2018July 26, 2022
  • by BrightDime

Net Worth is the value of the assets you own (the cash in your wallet, your 401(k), your car or home) minus the value of the liabilities you owe (the…

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  • Glossary

asset

  • Posted on August 6, 2018July 26, 2022
  • by BrightDime

An asset is essentially anything you own that has a positive value: cash in a savings or checking account, stocks, bonds, a car, a home, even a sweatshirt if you…

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