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FEBRUARY 26, 2008


Budgeting Basics Part III: Entering goals and incorporating other sources of revenue
This is the third in a four-part series. In this week's budgeting lesson we learn how to incorporate your personal goals into the budget of your everyday income and expenses.

Organizations mobilize to encourage Americans to save money
A national survey conducted earlier this month found that about half of all U.S. households report adequate savings progress. Only 53 percent say that they save at least 5 percent of their income, while only 57 percent of those not retired say they are saving enough for a retirement with a "desirable standard of living."

FASB issues FAS 117-A regarding endowments held by not-for-profits
The Financial Accounting Standards Board has issued proposed FASB Staff Position FAS 117-a, Endowments of Not-for-Profit Organizations: Net Asset Classification of Funds Subject to an Enacted Version of the Uniform Prudent Management of Institutional Funds Act, and Enhanced Disclosures.

Firm/State News

Indianapolis CPA firm launches blog
Somerset CPAs, Indianapolis, has joined the surprisingly short list of CPA firms who are using blogging as a tool to engage their team members, clients, referral partners, and the community-at-large in an ongoing purpose driven dialogue via their new web-blog: Somerset Business Success Strategies. The ultimate goal of the blog is to explore, along with the participants, leadership and management principles that will lead to organizations reaching their full potential.


What have you got to say today?

Ryan Williams:
Tech Better
Time Saving Outlook Shortcuts

In last week's tech tip we covered how to layout the Windows taskbar to make better use of the quick launch bar. This week we will begin discussing some cool things we can do with the new found space we created for the quick launch bar....

Bill Kennedy, CA.IT, PMP:
Energized Accounting
Mr. Mayor, Are You SURE You Want To Do That?

Dear Mr. Mayor,
On Friday you were interviewed on our local radio about your plans to make our growing city more efficient. When asked for specifics, one of the examples you gave was the expense of outsourcing the Information Technology departments of the city, the public transit and the police force. "Why not combine them to save money?" you asked. On the surface, this looks like a no-brainer and I agree that it makes sense, but please don't look to save money for at least the next 5 years... ?

Editor's Note

Did you know this is America Saves Week? It's time to put your pennies in your piggy bank, clip your coupons, look for bargains, and start routing more money to your investments. I can remember when I was a little girl, we had a nightly ritual. Every night my father would reach in his pocket and take out his change, and I got to pick out all the pennies for my piggy bank. That was more than a few years ago, back when items at the five-and-dime actually cost five cents and ten cents. I made many purchases throughout my youth with the money saved in that bank, some small and some rather large. I still own things that I treasure, that were purchased with my pennies. Okay, I know I'm dating myself, but the feeling is the same today. Whether you're saving for an item you'll cherish or a day in the future when you'll need extra cash, life feels better when you're taking care of yourself.

Gail Perry

Lite News

Rules to live by Thirty-six rules to live by (or at least, to brighten your day).

Tech News

E-Postcard friendly-looking, but damaging
A computer virus masquerading as a digital postcard could install a Trojan, or worm hijacking software on your computer,


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