Equity, adjusted gross income, stocks, bonds, current ratio, operating cash flow, assets, liabilities, net worth -- it's easy to get lost in the jungle of financial terms out there when you're trying to manage finances. Whatever happened to just measuring income and expenses? Well, when you ask yourself "how much am I worth?" it's not just a question of how much money you have in your wallet, or even your bank account, at that moment. It turns out that, depending on how and when you invest, spend or save your money, your worth varies. Liquid assets make up just one special category of your worth. Understanding it will help you get a better idea of your own financial situation.
It's all about innovation. By refurbishing and reusing what you already have, you can spruce up your living room to make it look like a completely different space.
With all the media attention the subprime mortgage crisis is getting, you may be wondering how your own line of credit is faring. What common mistake might be wreaking havoc on your credit?