When creating financial statements, there are “generally accepted accounting principles” (GAAP) so that all companies follow the same standardized set of rules. After reading 100+ books on personal finance, you could also create what I would call “generally accepted personal finance principles” (GAPFP?), as organized into a below by u/atlasvoid in the r/personalfinance subreddit. Hat tip to the NYT article . (Click to see full version. Might be hard to read on mobile.)
There are also for Canada, Australia, European Union, Ireland, New Zealand, and the United Kingdom.
I view this as the next step up in detail from , while still trying to maximize the amount useful information in the given space. You might have some minor quibbles with the ordering or want to add some exceptions, but it still provides a good place to start additional research.
“The editorial content here is not provided by any of the companies mentioned, and has not been reviewed, approved or otherwise endorsed by any of these entities. Opinions expressed here are the author’s alone. This email may contain links through which we are compensated when you click on or are approved for offers.”
from .
Copyright © 2004-2021 MyMoneyBlog.com. All Rights Reserved. Do not re-syndicate without permission.
Related Posts
