Many years ago, I was involved in an organization in which I and other volunteers received a weekly allowance to cover various expenses such as transportation and meals. In one of our meetings, the president of the organization announced that some of the volunteers had come to him and complained that the allowance wasn’t sufficient to cover the expenses (I was not one of them). He told us that he would consider increasing the amount of the allowance for those …
Continue reading The Importance of Accountability in a Personal Budget
There are two books on my office shelf that mean a great deal to me, but I never read them. Sure, I might flip through the pages once in a while, but I don’t use them for reference. They are horribly outdated.
One is titled Accountants’ Handbook, published in 1956. The other is Principles of Accounting – Advanced, published in July 1955. My Grandpa signed the inside cover of the latter with the date 8/21/1957.
Inside the books are several bookmarks. Grandpa …
Continue reading The Two Old Accounting Books on my Shelf
When I was fifteen, I played a computer game that simulates building and operating an amusement park. The object of the game is to make money by thrilling patrons on the rides, taking care of their basic needs (extra sugar in the sodas), and making them happy enough to empty their pockets on souvenirs.
The game begins with enough cash to build a park, but it is all debt financed.
The first time I played the game, I paid little attention to …
Continue reading My First Lessons about Managing Debt Came from a Video Game