Get Your Money Right Mondays

Financial Term of the day:
Sunk Cost– Sunk Costs are debts incurred that cannot be recouped.

Financial Tip of the Day:
There are only three answers to any business question. Yes, No, Not Now. Using these three simple key answers navigating financial decisions will become easier. To answer yes, ask yourself whether the decision is time sensitive, will the immediate benefit outweigh any costs, and how will it affect me long term.

Business Fact for the Day:
Did you know that Coca-Cola owns Frito-Lay?