A liquid asset can be converted to cash within a short timeframe. Such an asset can be sold with little impact on its original value. Generally, liquid assets are considered as cash. The core reason is that the value of these assets remain the same when they are sold. For any asset to be considered as a liquid asset, it needs to have many interested buyers and ownership of these assets should be transferable with ease. Liquid assets can be converted to cash quickly during a financial crunch, which is why many individuals and organizations invest in them. Organizations can consider any assets that have a cash conversion expectation of a year or less as liquid assets. Collectively, these assets are reported as “current assets” in an organization’s balance sheet. Now that we have understood the meaning of liquid assets, let’s look at the different types of liquid assets. Cash Cash is the most well-known type of liquid asset as it has easy accessibility. As it is legal tender, an organization can use it to repay its current liabilities. Therefore, cash has high credibility. Money market funds A money market fund is a form of mutual fund that invests specifically in highly liquid instruments, which include debt-based securities that have a high credit rating, cash equivalent securities, and cash.

Reverse mortgages are types of loans where borrowers can take a small portion of their house equity and convert it for a sum that they can borrow. The usual mortgages that we know of involve borrowers having to pay monthly installments in order to clear off their debt. In contrast to this, a reverse mortgage involves lenders paying monthly installments to the borrowers, thereby increasing the debt as time goes by. This loan is typically settled if the borrower decides to sell the house involved in the reverse mortgage and pay the loan back with that money. Let us examine the basics of a reverse mortgage by looking at the pros and cons of it: Pros No obligation on early repayment Unless the borrower decides to sell the house, relocates to another place, or passes away, payments are not needed. You are not obligated to pay the financial institution anything before any of these happens, allowing you to not have to scramble for money during your golden or platinum days. This is one of the major advantages of a reverse mortgage that suits the borrowers. Simple access to money A reverse mortgage is beneficial mostly for senior citizens who do not have a regular source of income.

A checking account pretty much offers you all the services you need under one umbrella. Right from direct deposit to bank withdrawals to issuing checks; there is plenty you can do with this type of account. However, basics aside, there is so much more to know about a bank feature so you can use it to its full potential. Since a checking account involves your money; it is always better to know extra tips for optimizing a checking account. Here are some simple ones that you can follow: Look around before you finalize In today’s digital age, everybody can easily be an informed customer. Consumers have a lot of ways to find out vital information on checking accounts and all that they have to offer. Trusted finance and investment websites are an excellent place to begin. Most banking institutes have a strong customer support team, and bankers are sitting in different branch locations too, allowing you to ask them for help and support easily. So, one right way to compare the services is to figure out the monthly service charges, opening balance requirements as well as your vicinity to the ATM networks. Also, ask about the services that are free of cost and the ones that incur any fees at all.

Open anyone’s fridge and one of the first things you notice will be the cartons of milk lined up and the varieties of dairy products like butter, cheese, yogurt, and cream. However, are they being stored correctly? Here are some safety and storage tips for refrigerating dairy foods the right way: Milk Milk should be stored at 39°F. If the supermarket is far from your house, let milk be the last item you pick from an aisle and the first thing you put into the fridge when you get home. Also, it is wise to put the older cartons in front and the fresh ones behind so that you consume the older ones first. It is best to consume milk within 5 to 7 days and discard it if it has been lying in your fridge for more than a week. Additionally, it is important to place the cartons only on the shelves and not in the doors, replace the lid tightly, and never pour leftover milk back into the carton. Cheese Cheese should be stored in the vegetable drawers or the bottom drawers in temperatures between 39 and 45 degrees. Do not freeze cheese, and if it comes wrapped in a plastic bag, remove it.

There are so many options for people who want to go on a diet to choose from. Hence, it is very important that we as dieters know the dos and don’ts of the diet that we would like to follow. If you choose to follow the keto diet plan as a dieter, you will need to use this as an opportunity to help you to break and replace the not-so-good habits that you may have followed. Hence it is essential to know about the keto diet completely before you can say the words ‘I’m going keto’. Keto is the short form of ketogenic and this form of dieting has been in practice for more than a hundred years for children with uncontrolled seizures. This diet has shown great results for the reduction of seizures and it works as a means to reduce weight as well. So what do dieters have to say about the dos and don’ts of this diet form? Scroll down to take a look. The dos of keto diet according to the dieters: Using a keto calculator has proven to be very useful as you can keep track of what you eat and figure out your macronutrient goals.