Jul 29, 2025
How to Get Out of Credit Card Debt When it Feels Impossible
Understand your Debt: Debt from credit cards, loans, or medical bills can feel overwhelming. Recognizing its commonality is the first step in tackling it. Assess Your Finances: List all debts, including amounts and interest rates. Identify budget areas for cuts, like subscriptions and dining out. Create a Repayment Plan: Use strategies like the snowball (smallest debts first) or avalanche (highest…
Read moreJul 26, 2025
Small Business Tax Filing Extensions and How to Use Them
DISCLAIMER: This article was written in 2023 and has not been updated. For more up to date information on economic impacts to small business funding, please read this recent article Small Business Tax Preparations Tips for Next Year Included in this article: Filing federal tax returns and paying business taxes is an important part of running a small business. But…
Read moreJul 25, 2025
What is a Qualified Small Business Stock (QSBS)? How Can It Help Your Business?
Picture this: You own stock in a company. The price appreciates significantly. You sell it. You pay no tax on your profit. Does it seem impossible during this volatile economic time when stocks are up one day, down another, and it seems like taxpayers owe money to the IRS on every trade? It could happen with qualified small business stock (QSBS).…
Read moreJul 24, 2025
Best Pricing Strategies for Small Businesses
Your small business might be getting ready to open, or you might be interested in improving the profitability of your small business. In both cases, you should be interested in developing and implementing an effective pricing strategy for your small business. Developing a great pricing strategy has key benefits for your small business. First, more effective pricing can help you…
Read moreJul 23, 2025
How to Be a Landlord
One of the recent trends coming out of the pandemic has been entrepreneurs buying properties on cheap loans and turning them into profitable rental properties. You may know some ambitious people in your circles who have managed to start a profitable business by buying and renting various properties. With rising rent prices, you might be considering how profitable becoming a…
Read moreJul 21, 2025
Understanding Business Statement of Cash Flows
In this article: What is a Statement of Cash Flow? A business statement of cash flow, or cash flow statement, is a standard financial statement generated by nonprofit organizations and for-profit businesses that shows available funds, or free cash flow. In order for a small business to succeed, the business owner must have a thorough understanding of how each financial…
Read moreJul 19, 2025
How Can I Manage Debt When I Don’t Know Where to Start?
If you’re overwhelmed by debt and don’t know where to start, begin by gathering all your financial information, including your income, expenses, and debts. Then create a simple monthly budget, prioritize your highest-interest debts, and start building a small emergency fund. Even a small emergency fund—just $500 to $1,000—can prevent future setbacks while you begin paying down debt. Speaking with…
Read moreJul 11, 2025
How Can I Prioritize Expenses When Money Is Tight?
In these difficult financial times, managing your expenses wisely is crucial. How can I prioritize expenses when money is limited? Concentrate on essential costs, be cautious with discretionary spending, and regularly review your budget. Start by asking yourself: What are my absolute necessities? Using the “needs vs. wants” approach helps ensure your vital expenses are covered, so you can allocate…
Read moreJul 5, 2025
How to Pay for Student Loans While Paying Credit Card Debt
If you’re feeling stretched thin trying to pay down credit card debt while staying current on student loans, you’re not alone. The key to managing both is finding practical ways to free up cash, whether by cutting unnecessary expenses, boosting your income, or lowering your interest rates. With the right strategies, it’s possible to generate extra money each month, prioritize…
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