How to Help Your Child Pay for College (Without the Debt!)

Planning for college costs in advance can reap tremendous benefits for your child. Instead of having an average of $28,950 in student loans to tackle when they graduate, they can put their money to work for their futures. Without college debt they can use the money they earn to start investing in their retirements, continued education, or even begin saving for a home.

If you’re interested in how to avoid college debt and want to make sure your child isn’t one of the 43 million Americans with student loan debt, read on to find out what you can do to help!

5 Common Money Mistakes Small Business Owners Make (And How to Fix Them!)

When you first set out as an entrepreneur, being your company’s chief financial officer (CFO) may not have been top of mind. But even if you’re not a numbers person, have no fear!

We’re here to help you avoid common small business money mistakes — and figure out what to do if you’ve already made them.

4 Ways to Prevent Loss Aversion From Affecting Your Bottom Line

As a small business owner, you know the pressure to succeed can be… heavy. And because no one else can take responsibility for your business, that burden can feel both overwhelming and isolating — especially when you depend on your business to support your family and your livelihood.

I get it! With so much on the line, it can be easy to let fear take over when it comes time to make important business decisions. But ironically, this fear can actually prevent you from reaching the success you so desire.

As it turns out, there’s a name for this sense of fear in the world of business and finance: loss aversion. Keep reading to learn 4 ways to prevent it.

Financial Literacy Month 2022: How to Save for Big Purchases in your Business

Maybe you’ve gotten the hang of planning for your monthly business expenses. Your internet bill, monthly subscriptions, and software all have a place in your budget. And each month, you pay the bills on time. You’re feeling good! You’re a business owner, and you’re taking care of business.

But then, all of a sudden, another expense shows up. The yearly fee for your website. The cost to renew your LLC. After years of reliable companionship, your computer finally breaks down.

Unlike your fixed monthly costs, these expenses don’t have a spot in your budget. They don’t have a pile of money with their name on it, waiting to be spent. So how do you efficiently plan for them?

How to Teach Kids About Money - 5 Easy Steps To Give Your Kids Good Money Habits

Kids are notorious for misunderstanding money. To them money is always available and everything they see around them is fair game for mommy to buy! There is a good reason for this.

The mind of a child in the earliest years is primarily formed through the process of observation. Everything they see and hear helps them to form their understanding of the world. Take a second to think about what this means to most children…

How Financial Coaching Services Can Help You Skyrocket to Success

When you want to reach a specific goal in other areas of life—like running a marathon or starting a business—it’s common to consult a coach. A coach can help you take a huge goal and break it down into doable steps, all while cheering you on and celebrating your progress.

A financial coach can do the same for those financial goals you’ve been struggling with. Sometimes all it takes is getting some help to show you how successful you can be. If you’re ready to see success in your financial life, working with a financial coach might be the perfect first step.

Read on to see if a financial coach might be what you need to skyrocket your success and reach your goals sooner.

6 Ways the Rich Think Differently About Money and Life

When you think about rich people, ultra-wealthy business tycoons like Bezos, Musk, and Buffet probably come to mind. But you don’t have to be a multi-billionaire or even a multi-millionaire to be wealthy. “Average” people all around us are wealthy—you may just not realize it because they don’t live flashy lifestyles.

Top 10 Things to Make Sure Are on Your Financial Bucket List

Bucket lists allow us to turn our ambitions into an action plan. By writing down our wildest dreams, we take them from our imagination and lay them out in plain English. Our dreams become that much more real and, by default, that much more likely to happen. It’s easier to see the actions we need to take to achieve the goals after we’ve written them down.

But what about a financial bucket list?

9 Questions to Help You Determine If You Have a Hobby or a Business (and why it matters)

At some point, you may feel that your hobby is becoming more like a successful side hustle—or part-time business—than something you only do to relax or exercise your creativity. It’s important to properly distinguish between a hobby and a business because the difference can significantly impact your financial future, especially when it comes to filing taxes.

Business and Personal Finances: Keep Them Separate for Financial Success

When you run your own business, the line between what’s personal and what’s business-related can blur. But when it comes to finances, you’ve got to draw the line. Yes—your business and personal finances are intimately connected, but as a successful small business owner, you need to keep them separately organized if you want to live with financial ease.

9 Ways to Find Extra Money in Your Budget to Kick Off the New Year

One of my favorite exercises at the beginning of a New Year is sitting down to reflect and set informed financial goals for my business and personal life. This month, I invite you to join me by analyzing your current spending and figuring out how to find extra money in your budget to reach this year’s goals.

5 Reasons Your Budget Isn’t Working and How to Get Back on Track

Think of all the words you’ve used to describe your budget. If the terms “complicated,” “confusing,” “time-consuming,” or “outdated” come to mind, that’s okay! You certainly aren’t alone. The truth is, budgets are hard. Not only do you have to set up all of your accounts and categorize your expenses, but you also have to monitor, analyze, and adjust your budget regularly to reflect your true spending needs and habits.

If you routinely fear that you’re running out of money or that you don’t have enough to bankroll your biggest priorities, then keep reading. While you might be struggling with budget problems right now, after reading this article you’ll be able to diagnose and amend your budget so you know where incoming money is going before it even arrives.

Profit vs Revenue: Why Profitability Is More Important Than Revenue

Let’s be honest, when it comes to building a profitable business, the learning curve is steep.

Navigating the new terrain will be easier if you focus on the right goals from the beginning. And one of the most important goals is to focus on is how profitable your business is.

Focusing on profitability will help to prevent your dreams from becoming a cash flow eating nightmare.

6 Ways to Give Thanks With Extra Money in Your Budget This Year

If you’re one of the lucky ones who continued to grow throughout the pandemic, you may find that your business has extra money in the budget as you’re doing your year-end financial reckoning. This can be a good opportunity to pay yourself more, increase the stability of the business, or invest back into the business.

It can also be a great opportunity to give back to your community and say thanks. If you’re feeling so inclined, here are six ideas for how to give thanks with extra money in your budget this year.

The Ultimate Year-End Financial Checklist for Busy Small Business Owners

Remember the old adage; businesses who fail to plan, plan to fail. By completing the steps in this year-end financial checklist, you can rest easy knowing that you’re creating a plan for success. You can’t improve what you haven’t measured, and this checklist will help you measure all the right things for year-end planning and improved forecasting.

3 Ways to Immediately Increase Profits In Your Business

Both new and seasoned business owners grapple with this problem every day, so you’re not alone. And luckily, there are things you can do to increase your business profit quickly and (relatively) painlessly!

How to Pay Yourself as a Business Owner (Plus, Avoid These 3 Mistakes!)

When you take the leap from employee to business owner, one of the most important things you need to consider is how you’ll pay yourself. Yet this is one area that new (and even some seasoned) business owners continue to struggle with.

Financial Business Coach vs. Financial Advisor vs. Bookkeeper: Which One Do You Need?

Essentially, there are three different professionals who can make your life easier when it comes to your business finances (there are more, but these three are the most common):

A financial business coach
A financial advisor who serves business owners
A bookkeeper or accountant

To choose the right professional for you and your business, you need to know what each professional specializes in, the services they offer, and how they can specifically help support your business financials.

How to Create a Simple Business Budget That Doesn’t Break Your Brain

Well-done budgets can be so freeing. They can ultimately take a lot of the fear out of our finances.

Luckily, creating a budget for your business doesn’t have to be difficult or daunting. I’ve developed a simple five-step guide you can follow to create your own business budget right now and get more clarity on your business finances. Let’s get started.

What To Look For In A Business Bank To Support Your Small Business

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