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4 Bad Habits that Can Ruin Your Financial Stability

Every business owner should remain focused on the ultimate goal of generating revenue and maximizing profits for their company. That’s because despite all the distractions business owners face, the most crucial element to running a successful company is maintaining its financial viability. Unfortunately, those distractions that occur on a regular basis can not only deter you from accomplishing good work, they can actively cost you money. With that in mind, here are four bad habits that can sink even the soundest operations –– and how to avoid them in the first place. Working with Friends or Family On paper, it might sound like a good idea to involve close friends or relatives in your business. Trust us, it’s not. Friends and money simply don’t mix. Keep your professional relationships professional, and keep your personal relationships personal. Doing so will go a long way to alleviating costly mistakes. Poor Time Management Procrastinating is one of the worst habits you can pick up –– and not just because of the negative business implications. Indeed, not having a sound time-management strategy will almost certainly hinder your efficiency. This can occur in obvious ways like missing important deadlines or meetings, or it can gradually ...

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How Second Guessing Yourself Can Save You Money

How Second Guessing Yourself Can Save You Money

Although not everyone would agree with this statement, second guessing yourself can be a double edged sword.  Most people would say that it shows a lack of confidence at the very least. But, second guessing yourself can also result in missed job opportunities due to difficulties with decision making. This, in turn, can lead to making a lower income as well as leading a less comfortable life. The flip side is that second guessing yourself can save you money. Here’s how. Deters Impulse Spending One of the ways second guessing yourself can save you money is through deterrence of impulse spending. Instead of buying something the moment you want it, second guess yourself and wait a couple of days. Often, allowing just a few hours to pass can end the urge to buy the item you thought you had to have. If you let a few days pass you may find you’ve forgotten altogether about making the purchase. Discourages Debt Second guessing yourself can save you money by discouraging the build-up of debt. All those impulse buys add up over time and many people charge them to their credit cards. However, stopping to think about whether or not your purchase ...

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Should You Downsize and Rent Your Bigger House?

Should You Downsize and Rent Your Bigger House?

Living in a smaller home is a popular concept that addresses the idea of less is more. Those who wish to live a simpler life with less “stuff” have embraced it with gusto. But of course, having less stuff isn’t the only reason people downsize. It could be from a desire to live in a more environmentally friendly way. Or, the reason for living in a smaller home could be financial in nature. No matter the reason, should you downsize and rent your bigger house? Pros: According to the US Census Bureau, the average size of a new single family home in 2016 was 2,640 square feet. That’s a lot of house you could rent to someone else for some very positive reasons. Less Stuff One of the obvious reasons you should downsize and rent your bigger house to someone else is to have less stuff. The less stuff you have the less you have to maintain, clean, and replace. Have you ever donated items or held a garage sale? The process of going through your stuff to let some of it go can be very freeing. If you weren’t using the items anyway you may as well generate a ...

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3 Ways to Cut the Cord and Still Watch All the TV You Want

3 Ways to Cut the Cord and Still Watch TV

In the last several years cable TV costs have gone up much faster than the rate of inflation. But satellite TV prices are rising just as fast making them a poor choice as well. As a result, many people are either searching for alternatives or simply eliminating TV from their leisure time. But sometimes it would be nice to watch what you want when you want without paying exorbitant prices. Fortunately, when the public wants something bad enough there is usually a response from the industry. Many companies have risen to the challenge and provided customers with ways to cut the cord and still watch all the TV you want. 1. Hulu One of the possible ways to cut the cord and still watch all the TV you want is to stream Hulu. You would pay around $8 per month and get unlimited streaming access. You can choose whatever device you wish to use and watch with either no commercials or limited interruptions. They do have a few plans that provide additional services beyond just the basic one. They offer Hulu with live TV for around $40 per month. This allows you to watch 50+ live channels as well as ...

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Disadvantages of Using Credit Cards

Credit cards are in demand, and it will continue to be in demand because everyone wants quick financial solutions and credit cards are often considered to be the best source of temporary finance to keep them going. While there is nothing wrong with this ideology, it is important to understand that credit cards are not the best source of temporary finance for us. Today, we will look at the disadvantages of using credit cards and being dependent on it. 1. It is often used for luxuries than necessities With a credit card in our wallet, we tend to use it on luxurious rather than using it for necessity. This is where most of the problems begin in our lives, and we find it difficult to get back on track. If you are spending and amount unnecessarily on a luxury that is not required at the moment, you’ll have to face the consequences of the same for the next few months and even years. Using the money for luxuries when you do not have enough to satisfy your necessity is not a smart decision. 2. It can have a negative impact on your credit score If you have adequate knowledge about ...

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