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Tip of the Day Buy Airline Tickets as Far in Advance as Possible

Buy Airline Tickets as Far in Advance as Possible - We all like to save on our vacations as that allows for great spending when we make our travel destination....

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Variable Committed Expense

Variable Committed Expense - Variable committed expenses can happen from time to time, more than the usual or standard costs, even recurring occasionally. They can be temporary and/or periodic, for a short term, ever-so-often, higher, lower, fluctuating, but ever-present. Allowances for this flexibility and incidence is important in budgeting to off-set these occurrences. Necessary expense, higher and lower at times, can not be avoided, but their impacts minimized effectively. Anticipation, cutting cost, avoiding waste are countermeasures to off-set these impacts.  Downtime, maintenance are part of the budgeted costs of running/operating a business, projected cost in budgets. Parts and labor for example, how often equipment (will), break-downs occur, can be budgeted for, but not precisely predicted.  Having reserves and contingencies built-in holds the key to successfully dealing with these realities and challenges. Actions taken will center around minimizing escalation and upswings of these committed expenses, to ensure business continuity and functioning at all times. Planning, budgeting and resource management can go along way to address these challenges.

 

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Definition of the Day Nominal Value

Nominal Value - Nominal Value is the apparent worth or the known nominal value shown on the principal, the face, and the side, of a bill of exchange, currency, security, stock, share, bond, or the other type of financial instruments. The par value of a loan stock, bond, preferred stock,...

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