Do you rent an apartment or condo? If so, do you have renters insurance to protect your belongings and to cover you against liability claims? A surprising number of renters don’t bother with insurance. Some assume they’re covered by their landlord’s policy. Wrong! Usually that covers only damage to the building and liability claims
Here are several ideas to help your business grow and thrive. Understand your cash flow. One of the biggest causes of business failure is lack of understanding cash flow. At the end of the day, you need enough cash to pay your vendors and your employees. If you run a seasonal business you understand this
Like a bundle of sticks, good business partners support each other and are less likely to crack under strain together than on their own. In fact, companies with multiple owners have a stronger chance of surviving their first five years than sole proprietorships, according to U.S. Small Business Administration data. Yet sole proprietorships are
Blizzards aren’t the only storms on the menu as we head into the winter season. Storms of all types often slip in small surprises, such as cancelled plans, brief power losses, or water issues that disrupt your day. These moments can reveal where daily habits and budgets feel a bit thin. Here are some ideas
Money has a way of testing balance. Lean too far toward penny-pinching and life feels tight and restricted. Tip the other way into carefree spending and it’s easy to lose financial footing. Here are some practical tips to help find a healthy balance. Two lenses for seeing money Most of us have a
As 2025 winds down, here are some ideas to help you prepare for filing your upcoming tax return: Informational returns. Identify all vendors who require a 1099-MISC and a 1099-NEC. Obtain tax identification numbers (TINs) for each of these vendors if you have not already done so. Form 1099-K planning. Consider labeling business and personal accounts
As a small business, once you decide to extend credit to a customer, you now have a financial stake in continuing that relationship even if you suspect there might be trouble brewing. Here are some ideas to help you manage this risk. Develop a rating system. Score each customer with a number. The number
When it comes to personal finance, guidance is often delivered in quick, confident soundbites: Open a high-yield savings account! Sign up for a rewards credit card! Buy your food in bulk to save money! On the surface, these suggestions sound like common sense. But managing your money is rarely this simple, as what
As a freelancer or contractor, at some point you may wish to incorporate and be taxed as an S corporation. Here’s a closer look at the process of becoming an S corporation and when switching might make sense for you. The main benefits of S corporations Self-employment tax savings. As a sole proprietor, you’re required to
A credit score is often treated like a financial grade. It’s the number people look at when you are applying for a loan, renting an apartment, or even getting a job. But while it’s important in certain situations, it doesn’t tell the full story of your financial health. In fact, it misses some of the