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Eight Ways to Get Your Teen Prepared for a Summer Job

For teenagers, that first summer job is a major gateway to adulthood – and the eye-opening realities that come with every paycheck. Unlike chores and the occasional babysitting or lawn mowing job around the neighborhood, salaried employment gives young people their first real taste of the workplace, and what earning a living may be like. Building money responsibility and financial independence is part of that picture. Parents can help prepare …Read More

Retirement Planning for Small Business Owners

Small business owners are in a unique position when it comes to planning for retirement because, as their own boss, they will not have a 401(k) or pension option from an employer planning retirement on their behalf. With a number of different plan options (the SEP IRA, the Self-Employed 401(k), Simple IRA, the Simple 401(k), and the Roth IRA, to name a few), deciding on one takes patience and sometimes, …Read More

5 Steps to Prepare for Getting a Small Business Loan

Step 1: Review Credit Pull and review your credit report from all three credit reporting agencies (Transunion, Experian, and Equifax). It’s free at AnnualCreditReport.com, but in order to get your FICO score you’ll have to pay a small fee. First, determine if there are any errors and get them fixed promptly. It’s important to take care of any bad debt, like collection debt, immediately. If you paid the debt, but it’s still …Read More

A New Employee’s Guide to Retirement Plans

After college, starting your first entry-level job can be overwhelming. You have to learn your company’s office norms, understand policies and procedures, and fill out a heap of paperwork. When you get your packet on retirement plans, going through all of the information can feel like learning a new language. However, it’s important to understand your retirement options so you can start saving as soon as possible. The earlier you …Read More

Credit Card Rewards Cannot Offset Rising Interest Rates

The financial crisis that started in 2007 caused interest rates to plummet as the Federal Reserve lowered its federal funds rate to encourage more borrowing. Banks use this rate to base all short-term interest rates and the prime rate—every product involving interest is based on the  Fed funds rate. Credit cards are one of those products, and while interest rates have been low since 2008, they’re now on the rise. …Read More

Can I Pay My Taxes with a Credit Card?

As the holiday haze starts to lift and spring begins peeking over the horizon, the realities of being in a new fiscal year start to hit us all — right in the pocketbook. Somewhere between Valentine’s Day and Easter, the commercials for tax preparation providers take over the airways, and we start keeping watch for the W2s and 1099s soon to be hitting our mailboxes. For some consumers, tax time …Read More

How to Start Managing Small Business Finances

Starting a small business is an exciting, yet daunting process. You’ve decided to venture out on your own and may not be entirely versed on how to manage business expenses. And that’s okay. Tackling all that comes with a small business takes a lot of work, so it’s essential to get organized right away. From time management to money management and everything in between, your small business will require lots …Read More

5 Mistakes Most Millennials are Making with Their Money

Despite making more money than our parents’ generation, many millennials are still behind when it comes to their finances. Their financial future might be in jeopardy unless they realize the changes that need to be made in their money management. To make the wisest decisions in our finances, it’s important to know these five mistakes most millennials are making with their money.    1 – No plan for their cash …Read More

Issuers Deny Bitcoin Buys On Credit Card

By now, just about everyone knows about Bitcoin (currency code: BTC), and that trading it has become a major social trend. Average citizens are freely buying and selling the cryptocurrency through smartphone apps on their morning commutes. The meteoric rise in price and popularity of BTC has driven many retail investors into the market at a breakneck pace. For some individuals, the fear of missing out (FOMO, in market lingo) …Read More

When Should You Consolidate Credit Card Debt?

The Reality of Using Credit Cards Between card designs, rewards programs, and one-step purchasing, it can be easy to become credit card complacent, so comfortable swiping for everything that you start to overlook the fact that credit cards are a form of debt. Every time you use your credit card, you borrow the money for each purchase from the issuing bank — and you are responsible for paying that money …Read More