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Money Saving Tip
  Purchase a home in an area with good schools. Even if you never have school-age children, strong school systems are a top priority for many home buyers. This will make selling easier and increases the chances that your property value will rise.
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Money Fun Fact
  Virgin Atlantic Airways discovered that it takes in an average of 18 cents per passenger per flight in loose change found in the plane's seats. If that figure holds for the approximate 320 million people who fly from one country to another worldwide each year, the total is about $58 million.

Source: absolutetrivia.com

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Financial Terms
Annual Report

This is a formal financial statement issued each year by a corporation. The annual report includes a description of the corporation's operations and the following information:

  • A balance sheet
  • An income statement
  • A cash flow statement

    This information shows the assets, liabilities, revenues, expenses and earnings to give shareholders information on how the corporation's income fared during the year.

    SEC rules require that the corporation's annual report be distributed to all shareholders. A more detailed version of this report is called a 10-K.

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