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Building a Savings Cushion

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Building a Savings Cushion

It often seems that saving money is almost impossible. Unexpected expenses or the temptation of some item or event can make even the best plans unsuccessful. Yet having a financial cushion is one of the most important things you can do to feel financially secure. Here are some ideas that may help: Contribute to your retirement plan at work. Many companies offer employees the opportunity to defer income into a 401(k) plan and will also help with a matching contribution of some level. Sign up for an automatic savings plan at your financial...

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Avoiding Common Small Business Start-Up Problems

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Avoiding Common Small Business Start-Up Problems

Hundreds of new businesses are started every day and unfortunately more than half of them fail within their first two years. Sometimes the original concept was ill conceived or external factors such as a deteriorating economy can sink a new business.

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Before Buying Your First House

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Before Buying Your First House

Owning your own home has been part of the “American Dream” for years. Here are some financial issues to consider as you move toward that dream.

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Working From Home or From an Office

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Working From Home or From an Office

Many small businesses start out in an extra room or in the basement of an entrepreneur’s home. The space is available, it is cheap and it is convenient. In addition, all the electronic devices for communication and working can make a physical office unneeded. However, there certainly can be drawbacks. Many people that start working at home find that within a year or so an office is a physical and emotional necessity. Here are some issues to consider as you ponder your work environment. Type of business.┬áIf your business is primarily a...

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Talking to Young Children About Money

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Talking to Young Children About Money

In many families, talking about money can be difficult, and in some cases, almost taboo. Difficulties of talking to children about money include: Parents of young children often find themselves in a position of saying no to a child’s request to buy something and yet the child may not have any understanding of the item’s cost relative to the family’s finances. Parents of teenagers may constantly be saying no for money the child wants to spend on an “extravagance.” Here are a few ideas that may help you start your...

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Preparing a Personal Balance Sheet

Posted in Financial Planning, Managing Your Money, Personal Financial Insights | Comments Off on Preparing a Personal Balance Sheet

Preparing a Personal Balance Sheet

Taking control of your financial future is a process. And, as with any process, it is important to monitor your progress. One of the best ways for an individual to measure financial progress is to periodically prepare a personal balance sheet. The personal balance sheet shown below can be printed and used as a basis for your periodic progress measurements. It is broken into three parts to help you better understand your investments, your total financial picture and your annual progress. Click on the Worksheet below and this .PDF file can be...

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Building a Good Credit Record

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Building a Good Credit Record

A solid credit history can be one of your most useful and powerful financial assets. A record of prudent credit use and prompt payments can enable you to not only qualify for credit when you need it, but it may also enable you to get a lower interest rate on your borrowing.

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Developing and Using a Wise Borrowing Strategy

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Developing and Using a Wise Borrowing Strategy

Is your borrowing under control? The sensible use of credit is part of a total financial strategy. Using credit can provide benefits but can also have drawbacks. Read on for a few guidelines to help you feel comfortable with your credit use.

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Financial Tip: Pay More Than the Minimum on Your Credit Card

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Financial Tip: Pay More Than the Minimum on Your Credit Card

Cut months or even years off your credit card payments by increasing the amount you pay each month.

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Online Banking Best Practices for Businesses

Posted in Business Financial Insights, Featured, Online Security | Comments Off on Online Banking Best Practices for Businesses

Online Banking Best Practices for Businesses

The internet is awash in expert online banking advice. Brian Krebs, a well-respected security expert, has published his list of the ten best practices for safe online banking. Below we provide our thoughts on some of the more interesting points, but it would be worth your time to consider all of them.

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