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Money Saving Tip
  Make sure lamps and appliances are not near your air-conditioning thermostat. The thermostat can sense the heat from these appliances making the air conditioner run longer and harder than necessary.
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Money Fun Fact
  Presidents George Washington and John Adams had to employ protection money - paying off certain pirates in the Mediterranean Sea with a couple of million dollars - while Congress debated the creation of a U.S. navy.

Source: absolutetrivia.com

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Financial Terms
Assets

These are possessions which have a present or future economic value to the owner or business. Basically they are everything that you have or own that is worth value. There are different types of assets:

  • Fixed assets include such things as land, machines and buildings.
  • Intangible assets include such things as goodwill, trade marks, patents, etc.
  • Liquid assets are funds which are kept in cash or in some other form which can be quickly and easily be turned into cash.

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