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Accounting Principles: Basic Definitions, Why They’re Important

Savings Corner

By using these guidelines to standardize how you track and interpret accounting data, you can accurately compare financials from different time periods and gain a clear understanding of your business’s health. Whichever you use, it’s important to understand the basics — even if you have small-business accounting software.

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Ways for Busy Parents to Teach Young Children About Money

Prairie Eco-Thrifter

Use the below as a guideline only. Know that a person can be a buyer and a seller. Start understanding vocabulary and concepts of economics – such as ‘resource’, ‘earn’, ‘income’, price, ‘currency’ and etc. It certainly isn’t an exhaustive list! Birth to Age 3.

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