Cutting back on your expenses is a way to improve your personal finances, but you should consider other factors, such as spending alternatives and the impact on your lifestyle. When is a cutback on spending too much?
There’s a reason why they say they living with debt is one of the most stressful living conditions there is. It’s all consuming. You wake up, and you’re thinking about debt. You go to sleep, and you’re thinking about debt. It feels like a black hole from which you cannot- and will not- escape.
How much investing risk can you live with? Every investor needs to answer this question for themselves, because the answer will have a big impact the investments you select, and on your personal finances.
Two critical factors for improving your personal finances are debt management and your use of credit. Unfortunately, many consumers don’t get proper training in personal finance issues in school. When you were younger, you didn’t realize how important money would be in your life. You were taught tricky algebra problems, the geography of rocks and […]
Saving money where you can is a smart decision for your personal finances, but some purchases require you to spend more money- and for good reason. When you’re living paycheck to paycheck, cutting down costs and saving money where you can is a sensible decision. In fact, it’s an idea often recommended to people who […]
Financial freedom is often described as having both the time and the money to live life on your terms, and freedom over your personal finances can have several definitions: The ability to pay for an emergency using a savings account balance. If you’re considering a job change, financial freedom allows you to take time off […]
Before you take out your debit or credit card… Stop. Think carefully about your spending choices, and you can make huge improvements in your personal finances. We’ve all heard the sayings:
Going into business for yourself can be incredibly liberating. If you’ve spent years working for someone else, the prospect of being your own boss can be incredibly appealing. You’ll have the ability to choose your clients, the type of work you do, and the prices you charge. Owning your own business can also have a […]
Two major issues for any business owner are the ability to generate profits, and protection from legal liability. The U.S. tax law provides for Limited Liability Companies (LLCs), which offer ownership flexibility and legal protections for the owner. The UK offers business owners a similar business structure: a limited company. Here are the pros and […]
How is your business performing? Are you making a profit? For many business owners, the answer is: “I’m not sure…” When you set up a new business or start to work for yourself, you need to establish some business accounting records, and can keep your business and personal finances separate. If you combine the two, […]