How to Save Money in Your Small Business

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Save Money in Your Small Business

As a small business owner, you have to be mindful of your expenses if you want your young business to grow. Misuse of capital is one of the main reasons why small businesses fail. How to Save Money in Your Small Business Here are some creative ways that will allow you to save money: Volunteer to Speak at Community Events If you think that you are an expert at what you do, you should take every opportunity to share your knowledge with others. One of the best ways you can do this is by volunteering to speak during community events. When you do this, your business will gain free exposure in personal and business circles. Use Contractors and Freelancers Employing … Read more

Cryptocurrencies 101 – What Are Cryptocurrencies?

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In December 2016, the well-known cryptocurrency Bitcoin was worth about $780. One year later, Bitcoin has skyrocketed in value, surpassing $16,000 at one point before falling back to the $13,000 range. Bitcoin has caught investors’ attention. But, what are cryptocurrencies? The cryptocurrency and others like it are still extremely volatile. If you’re trying to get great returns on your investments, then investing some funds in cryptocurrencies might be an option. However, there have been murmurs of a “Bitcoin bubble” forming in the cryptocurrency market. Due to the newness of this type of currency, nobody knows if cryptocurrencies are close to reaching their peak values before crashing or if they’ll continue to raise several thousands of dollars over the next few … Read more

4 Incredibly Important Investments Every New Parent Should Make

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When you’re preparing to have a baby, long-term considerations like paying for college tuition seem relatively unimportant compared to more immediate concerns like nursery room furniture, diapers, formula, and childcare facilities. However, the earlier you begin saving for the future, the better off your child will be. Investments parents should make 529 College Savings Plan There are two types of 529 college savings plans, prepaid tuition plans, and savings plans. Prepaid tuition plans apply to one “qualified educational institution” (accredited, nonprofit universities). Savings plans are typically applied to any college your child wishes to attend. Each state has its own 529 college plan, though the benefits of these savings plans are relatively similar. Although contributions to the 529 plans are … Read more

How is the Tech Industry Transforming the Financial Industry?

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The financial technology industry, also known as “fintech”, is rapidly expanding across the globe. In the second quarter of 2017 alone, fintech companies raised nearly $5.2 billion and there are currently 26 fintech companies valued at $1 billion or more. The rise of fintech is creating serious problems for the traditional financial industry. These tech-savvy companies are better equipped to handle consumers’ demands for 24/7 control over their finances. In addition, they offer lower fees and higher savings account interest rates compared to big banks. In a world where big banks don’t want to fund small businesses and continue charging customers outrageous fees, the fintech industry is uniquely positioned to challenge traditional financial institutions’ business practices. How Fintech is Transforming … Read more

Review of the myFICO 3-Bureau Report and Identity Theft Monitoring

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myfico 3 bureau credit monitoring

Regularly monitoring your credit reports is crucial for maintaining a good credit score. However, it can be difficult to keep track of all your credit details when you have multiple credit cards, loans, and other financial information scattered across many different accounts. While some credit card companies report to one or two bureaus, other lenders might report to another bureau, which means there’s not much cohesion between your credit reports from TransUnion, Experian and Equifax sometimes. If you wished there was an easier way to keep track of your information coming and going from all 3 bureaus, then the myFICO Ultimate 3B ongoing report program might be a good fit for you. Get Your Credit Scores & Reports From All … Read more

Taxes Are Changing – Find Out How You Can Save on Your Income Taxes

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How You Can Save on Taxes

With a stroke of a pen, the president signed the new tax reform law into existence. The law, which is formally known as the Tax Cuts and Jobs Act, takes effect on January 1, 2018. The act will mean millions of businesses and consumers will see their taxes change for the 2018 filing cycle. The law is widely known to reduce the corporate tax rate from 35 percent to 21 percent. Many individual income brackets change as well. So how can you save on your taxes for next year? How You Can Save on Taxes Standard Deduction Taxpayers have the option of either itemizing their taxes or taking the standard deduction. The standard deduction is the first few thousand dollars … Read more