Home > Author Archives: Kayla Sloan (page 5)

Author Archives: Kayla Sloan

Kayla is a mid-20s single girl living in the Midwest, USA. She is focused on paying off her consumer and student loans, while simplifying her life and closet. You can join her on her journey at ShoeaholicNoMore or follow her on Twitter.

Should You Get Your Family Involved in Your Business?

Should You Get Your Family Involved in Your Business? family business

When you ponder situations where people have a family business, you might automatically picture farms. Or, maybe you picture small shops that have been in the family for generations in a large city such as New York. Likely the reason your thoughts travel to these scenarios is due, at least in part, to what you have seen on TV. But reality can be very different from what is portrayed on television. Although I happen to come from a family farm, not every family business is run by parents who hire their kids to help. Some family businesses are owned by a Grandparent, aunt, uncle, or even a child who has hired a parent. But when it comes to business and family becoming mixed, things can get weird. We all know that money and family can create tension, stress, or hard feelings, and the same can happen with a family business. So, before you decide to get your family involved in your business, make sure you consider all the pros and cons of paying your family (or kids) to help in you business. Pros of Paying Family for Helping Your Business: Tax Benefits Of course, some people who hire their children ...

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What to Do When Your Income Decreases

What to Do When Your Income Decreases

Have you ever experienced a sudden decrease in income? Perhaps your company went out of business without warning. Or, maybe you had an accident and had to take a temporary leave of absence with no short term disability pay. Of course, you may have planned to leave your job for a better opportunity to make even more in the long run. The facts are there can be a lot of reasons people experience a change in their income. But whether or not it is planned, a decrease in your income can wreak havoc on your budget and your finances. But what should you do when your income decreases? Here are some steps to take to make sure you income decrease doesn’t harm your finances too much. 1. Take Stock Even if the decrease in your income is planned, you will need to evaluate your finances to get a starting point. How do you know what steps to take or where you are headed if you don’t know where you are starting from? Determine what your outstanding debt is. Make a list or spreadsheet of all of your necessary bills including rent or mortgage, auto loan payments, food, utilities and any ...

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How to Lower Your Summer Budget

How to Lower Your Summer Budget

Once the sun starts shining and temperatures warm up, a lot of people start getting the summer itch. The pull to do outdoor activities can be nearly irresistible. But in addition to all of the fun in the sun, summer sometimes means budget increases for a variety of reasons. Luckily, there are solutions that can help you to lower your summer budget. Put a Cap on Camps If you have kids who have traditionally attended a camp or two during the warmer months you may already know that some of them come with hefty price tags attached. One way to alleviate summer budgeting woes, therefore, is to reduce the number of camps you are shelling out money for. Maybe a day camp would be a refreshing change for your child as well as a money saver for you.  Other money saving options includes scholarships and early bird rates so consider these ideas as well. When I was in high school, I begged to go to a summer camp, so I offered to pay half if my parents paid half too. This could be a good way for older children to take their camps more seriously if they have to help ...

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Investing for Retirement

When you are in your 20s, retirement might very well be the last thing on your mind. That being said, you should start investing for retirement right when you start earning money. This is one financial move that is absolutely brilliant. The reason for this is a nifty little thing that is known as compounding. Compounding is what happens when the interest you earn on your investments keeps earning even more interest every year. Let’s take a quick look at a few of the things that you might consider investing in to secure your retirement. Bitcoin According to BitVest, in the next few years, there will be more than 4 million bitcoin, or $2 million, mined by those who choose to invest in Bitcoin mining. Because of revenues of this nature, there has been an explosion in computational speed and power that is unparalleled. The infrastructure that is being constructed in an effort to support Bitcoin digital currency, as well as the Blockchain, is being driven currently by Silicon Valley’s intellectual elite. They have partnered with quite a few of the Venture Capital investors who are Wall Street’s most successful as well as entrepreneurs across the globe who are tech ...

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Have You Ever Played Hooky to Get a Day Off Work?

Have You Ever Played Hooky to Get a Day Off Work?

When you have had a really bad day at work you may be tempted to throw in the towel and quit. At least, speaking from personal experience, I know I have certainly been tempted to give my notice when the going gets rough. Of course, when this happens, you could also take a different approach. You could ask for a day off, for instance, in order to simply take a break and recharge your batteries so to speak. But what if you know you can’t ask because you will be turned down? If this, or something similar, has happened to you, have you ever played hooky to get a day off work as a result? Have You Ever Played Hooky? Of course, not everyone who calls in sick is playing hooky. According to a survey by CareerBuilder from October 2016, just over a third of workers called in sick to work when they were feeling fine in the 12 months preceding the survey. Some of the excuses given by those workers were pretty far out there as far as believability goes. However, keep in mind these were the employees who actually admitted to playing hooky. In reality the actual number of ...

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