A cheap dental insurance – The good and the bad

Introduction

We all want something that we can afford. Something that will not give us hard time to resolve and get on back to the tracks, doing our normal daily activities. Therefore, to avoid all the hassles, most people find themselves opting to buy cheap things. It is not a bad thing but in the same vein, it is also good. Therefore, today, we shall be examining the advantages and disadvantages of a cheap dental insurance. After that, you will have to make a wise decision.

The advantages

If you are looking for a dental insurance policy, cheap policy can lure you quite easily. Here are some of the benefits;

  • They offer preventive care. The cheapest dental insurance is all about helping you prevent rather than treating. This is normally good if you are best at taking care of your teeth. After all, prevention is better than curing.
  • They help you save money. This insurance policy hep you save a lot of money compared to the expensive ones. This money could be streamed to do other major things.
  • If you do not need treatment, these policies are the best dental insurance policies. This is so because, they will help you save more since they cost less.

The disadvantages

There are some disadvantages that are usually associated with the cheap insurance covers. Here are some of them;

  • They do not provide a comprehensive care unit. Cheap insurance policies most of the times advocate for only checkups and therefore it may be hard for a comprehensive care.
  • They are quite inflexible in terms of services offered.
  • You may end up wasting money and not getting to the root problem.

Our recommendations

Well, it is not in our position to tell you what policy to take or which to leave. However, if you want an insurance policy, you should go for the one that will help you attend to your needs comprehensively. Also, consider the services offered and the value you are getting. More to that, consider the price tag of each and every dental insurance policy out there.

Conclusion

Cheap insurance cover is not that bad and in the same case, they are also not that good. If you are getting additional treatment, it you may consider having a cheap cover but if you entirely depend on it for all your dental care, this may lead to bad dental health.

The Advantages of Post-Budget Analysis for Startup Business

Startups and small-scale businesses are the backbone of the economy. These are the places where fast transactions happen everyday and money move fast and liquidated immediately. For any business, no matter how big or small, the most challenging stage is the first year of the business. This is the stage when you realize the biggest responsibility of starting up a business – budget management.

Budget allocation and the challenge of sticking to it

At the start of the year, you and your accounting team allocate the most conservative budget for the whole year. The challenge for the whole team, including the staff and among other uncontrolled factors is how to stick with the budget. The idea is good and the goal seems achievable in theory. However, there is an important thing that most business people fail to do – post budget analysis.

What is post budget analysis?

As the name implies, post budget analysis refer to the act of analyzing the budget after it has been allocated. It can be conducted at the start, middle or end of the year. The purpose of post budget analysis is to determine whether the company allocated the right budget, how it is spent, and what necessary adjustments should be made to make he budget work as flexible as possible.

The objectives of post budget analysis

  • To keep your startup business going.One of the main objectives of post budget analysis is to determine how well your budget work and how can you improve it. You should be able to sustain your budget and make the most out of it.
  • To allocate your finances correctly.When you set an analyzed budget, you will be able to determine where to spend it, how to spend it and where and when to make cuts.
  • To make solid plans for the future.It is not enough to set a budget. Your budget should be able to equip you to plan your future and make it work.
  • To make your investments grow. Analyzing your budget allows you to identify a crowd-sourced funding where you can make your money and investments grow. It also allows you to protect your investments.
  • To identify tax discounts. When you do your budgeting and analysis, you will be able to foresee financial events like taxes and you will be able to plan for it. You will also be able to avail taxes discounts when you pay promptly.

Layout your post budget analysis

Using Excel or Google sheet, analyze and lay out your post budget. In analyzing and planning, take note of your:

  • Cash. This is the amount you have in the bank or any money you lend to a friend you anticipate to pay in the future.
  • Investments and properties. These are your assets such as your business building, if you own it, land, your stocks, and the revenue you can get from those in the next quarters.
  • Debts. You should be able to identify all your payables, costs and expenses such as staff salary, equipment, rent, and among other things.
  • Cash at hand. This represents all your assets less your expenses.