Whether you’re in a large or small business, money is absolutely an issue. If you’re part of a large organization you have many options available to you when it comes to how you handle money. You’re probably not the owner or founder, which means you’re dealing with someone else’s money.
It’s different for small business owners. Even if you have a few employees, money issues are always cropping up here and there. Even successful business owners started out struggling for survival, and possibly made one of the 7 things we’re going to talk about here. Continue reading 7 Ways You Should Be Thinking About Money And Your Small Business→
Every finance website talks about having a good credit score. We talked about the importance of having a good credit score while mentioning that we still believe it’s best to pay off outstanding balances as soon as possible.
This is contrary to what most financial experts would tell you. They tend to believe that it’s best to keep balances on your accounts and pay them down regularly to show that you have a consistent payment schedule going. Supposedly that encourages other lenders to loan you money because of your payment history. We talked about this in a previous article. Continue reading Is A Good Credit Score Worth The Debt?→
I was recently reading an article about a millennial who wanted to buy a house. He was earning around $80K a year and was ready to pay a 20% down payment on the house he found to his satisfaction. The trouble came when he tried to get a loan; no one would give him one.
The problem? He hadn’t had a credit card since he was 18 years old and started college. He ran it up to $500, got scared at how easy it was to spend money that fast, paid it off and never used credit again. He’d gotten a full scholarship to school, so he didn’t have any college loans to pay off. Continue reading The Dichotomy Of Credit→
The topic of debt is one that a lot of people want to run away from. The problem with debt is that you can’t hide from it. You can let it bring you down or you can address it.
We believe in addressing debt and fear of debt. We also believe there’s a large range of issues concerning debt that most people never think about. With that said, here are XX things you need to know about debt. Continue reading 5 Things You Need To Know About Debt→
The thing I see more often than anything else is the fear in people’s eyes when they don’t want to know the truth about their finances. The problem with that is twofold. One, sometimes things are actually good. Two, not knowing means you can’t do anything about it.
The reason most people won’t put together a budget isn’t because they’re confident in their ability to pay their bills. It’s fear of the unknown, that they may be on the cusp of serious money issues they’re not ready to deal with. Yet, overwhelmingly people are able to pay all of their bills and still have money left over. Sure, they might have to change up their spending patterns and learn how to use coupons to help their money go further when necessary but it’s more of a comfort to know they’re not in debt and are potentially right around the corner of fiscal relief. Continue reading You Must Eliminate Fear To Be Successful Managing Your Money→
Accounting & Financial Advice from the Syracuse NY area
