As the Silly Season (meaning Christmas) approaches, you will most likely find yourself using that little plastic card more often than you would wish. There are Christmas cards to mail out, gifts and gift wrappers to buy, parties to prepare for, food to cook, tree to decorate ... the list just goes on and on and on. After Christmas, that's when you'll be inundated and tempted … [Read more...] about Credit Card Traps to Watch Out For
finances
4 Reasons Why Borrowing from Your 401(K) is a Bad Idea
Borrowing money from a 401(K) is unfortunately a pretty common practice. Though majority of people with 401(K) plans do not touch their retirement savings and take out a loan against it, there are enough people who do so, committing a mistake with serious financial repercussions. Photo Credit: 401(k) 2013 While borrowing from your 401(K) may seem like a good idea at first … [Read more...] about 4 Reasons Why Borrowing from Your 401(K) is a Bad Idea
How to Track and Avoid Bookkeeping Errors
Big businesses have the advantage of having a professional accountant whose sole job is to watch the numbers. Small home business owners, or even self-employed consultants or freelancers, have to do bookkeeping themselves--on top of everything else the business demands. With this set-up it's quite possible for you to make bookkeeping errors. Mistakes happen, but when those … [Read more...] about How to Track and Avoid Bookkeeping Errors
5 Steps to Help You Stick to Your Budget
It happens to all of us. At the end of the month, we check our empty bank accounts and think, 'Where did the money go?' We try to stick to a budget but it's the small and unplanned expenses that add up and take us by surprise. The frappuccinos we grab on our way to work every morning, the bar tabs and dry cleaning bills, even the takeout dinners when we come home too tired to … [Read more...] about 5 Steps to Help You Stick to Your Budget
7 Smart Financial Tips for Singles
Being single has its perks, but it also has its issues. When it comes to finances, the same thing applies. A single person may be faced with fewer expenses (you're paying for only one, after all) but at the same time, certain purchases can be more overwhelming. The fact that there is only one person making a living – that's you – can also be a disadvantage at times. … [Read more...] about 7 Smart Financial Tips for Singles