A Brief Accounting (& Parenting) Primer

As a former accountant (my first post-college job was as a CPA), I learned these inventory terms:

FIFO:   First in, First Out

LIFO:  Last in, First Out

Weighted Average method:  what it sounds like.

To those, I’d add one more:  FILO, for “first in, last out.”

Specifically, that’s what harried parents — including one who works weekends! — practice when one of their kids is invited to a sleepover.

That is, to maximize our downtime/babysitting coverage, we drop our child off first and pick them up last.

Just not by a lot . . . 

About the author

Ross Kaplan has 19+ years experience selling real estate all over the Twin Cities. He is also a 12-time consecutive "Super Real Estate Agent," as determined by Mpls. - St. Paul Magazine and Twin Cities Business Magazine. Prior to becoming a Realtor, Ross was an attorney (corporate law), CPA, and entrepreneur. He holds an economics degree from Stanford.

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