Tag Archives debt

Bad Debt Tax Deduction

Most entrepreneurs expect to be financially strapped, at least in some way. They’ve watched “Shark Tank” just like the rest of us. But what they don’t always consider is the added weight of personal financial demands and debt. Just how much debt is lurking behind our credit reports? One WalletHub study found that the average […]

business credit card

Debt — it can feel like a dirty word. We all want to avoid it at all costs. But when it comes to growing your business you may have to rely on some debt to start from scratch or level up. I started my business without borrowing any money and kept costs very slim for […]

money habits

Debt continues to be a problem among Americans of all ages and walks of life. In 2017, the total consumer debt among Americans rose 8.8 percent, to $3.827 trillion, setting a new record. The average household has a credit card balance of $15,654, and with total debts (including mortgages) of $131,431. With numbers consistently growing […]

Budgeting TIps

Let’s face it — budgeting when you have regular income is straightforward. You have a steady paycheck coming in at least bi-weekly that you can allocate to your bills, savings, debt, and investments. Variable income is another animal. Payments come in at different times and they can even come in months late. It can be […]

WHAT TO DO WITH BAD DEBTS ON YOUR BOOKS

The debt problem in the United States is bad, and it keeps getting worse with every passing year. Total household debt, including mortgages, was about $132,500 in 2016, with the average household’s credit card balance hovering around $16,000. These are incredibly high, either setting new records or practically tying old ones. Debt seems unavoidable in […]

WHAT TO DO WITH BAD DEBTS ON YOUR BOOKS

Unfortunately, it’s all too common for people to carry debt. It could be from having a home mortgage, a car loan, student debt, or any number of other reasons. However, if you have debt, no matter the reason, there are only so many things you can do to get out of it. You could consolidate […]

Bad Debt Tax Deduction

While most people consider some debt to be healthy, too much debt is certainly not good for a small business. It acts as a weight around your ankle, holding you back from accomplishing your long-term financial goals. Serious debt is something that creeps up on a lot of business owners, you’re not alone. But how […]

Running a business comes with many challenges. Not only do you have to constantly recruit customers or clients, but you have to make sure your finances are in order too. Many small business fail because they go into debt, don’t pay their quarterly taxes, or simply get overextended. However, it’s also important to invest in […]

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