Money

Financial security, whether that’s for a business or an individual, requires planning. You need to know where you want to be, where you are now, and how to cross the gap between the two places. Having goals and a plan makes it more likely that you’ll achieve financial security–whatever that means to...

Running a successful business requires you to make smart decisions about everything from who you hire to how you spend your money. There are many legitimate expenses to cover, but it’s easy to overspend in areas that aren’t helping you or your business. Spending wisely is key to owning...

You started your business with plans of earning a living and being successful, but an unfortunate fact of business life is that companies suffer financial hardships. Whether those hardships are pandemic-related or linked to other urgent situations, the effect is still the same. Your finances are negatively affected and it’s up to...

Some small business owners find themselves in the difficult position of running a business that appears to be profitable, but still having no money in the bank. It's an important situation to address. After all, a lack of adequate cash flow is one of the main causes of small business failure. 

There are some things in life that go together well and others that definitely do not. Business and personal finances are in the category of items that should not be mixed. Although it may seem like a headache to keep them separate—who wants to manage all those bank accounts?—your life will be...

Living paycheck to paycheck is exhausting. The money never seems to be there, or if it is, it’s never quite enough. You know there has to be a better way because you can see it. Around you are people, who seem to be doing just fine. What is it they have that...

Many people think that being wealthy is a matter of luck, or that unless you work really hard, it is pretty much impossible to attain. They see money as something hard to get and even harder to hold onto. How many people do you know who grouse about their jobs, or their...

Since 1986, lawmakers have limited business meal deductions: first to 80 percent, and then to 50 percent (unless an exception applies). But on December 27, 2020, in an effort to help the restaurant industry due to the COVID-19 pandemic, lawmakers enacted a new, temporary 100 percent business meal deduction...

When people are told that they need to eliminate expenses, it can cause a lot of stress. It's hard to give up things, especially if you're used to it, and it feels like a need. We can try to convince ourselves that covering our roots with a 200-dollar hairdresser is essential, but...

When working to improve your financial situation, two important factors are paying down debts and increasing your savings. Taking care of these issues can improve your financial outlook quite a bit. However, a problem many people encounter is whether to pay down debt before investing money in savings or vice versa. As...