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Articles on Finances

5 Numbers Every Business Owner Needs to Know by Heart

Numbers dance around business owners’ heads all night long. How much do I need to make payroll this month? When will I run out of inventory this month? What will my tax bill be when April hits?   It’s no surprise that keeping track of those ever-changing numbers is a job unto itself — small Read more >

Top Money-Saving Tips When Your Income Is Inconsistent

Saving money is understandably a top financial goal, but it also may be a goal that you struggle with regularly. While saving money is a challenge for many people, having a small business owner’s income structure may make this task even more difficult for you. When you read through common money-saving tips, you inevitably find tips Read more >

How to Wring the Most Business Value From a Personal Loan

When it comes to starting your business, not all credit is created equal. A recent study found that companies that borrow under the business name have higher revenues and longer survival rates than those that take out debt in the name of the business owner. But using personal credit to fund your business is not Read more >

How to Fund Your Summer Side Hustle

Somewhere in the nebulous realm of part-time jobs and freelance gigs lies the side hustle, a general name for money-making projects you complete in your spare time.   A quick web search can give you literally hundreds of side hustle ideas, from the simple and quick — like taking paid online surveys — to those Read more >

Ask an Expert: What are the Best Small Business Healthcare Options?

Q: What are the best small business healthcare options? Dear Reader, Navigating the jungle of employee benefits can be a daunting challenge for small business owners, no matter if the decisions involve a sole proprietorship or a team of several employees. First and foremost, it should be noted that employer sponsored healthcare coverage is optional Read more >

4 Things Small Business Owners Need to Know about Retirement Planning

By Jay DesMarteau, Head of Regional Commercial Specialty Segments at TD Bank, America’s Most Convenient Bank Small business owners juggle many day-to-day tasks such as meeting payroll, serving customers and coping with unexpected issues like replacing broken equipment. With so many immediate priorities, it can be difficult to find time to focus on the future, Read more >

Running Low on Cash? Rev up Business Revenue with These 4 Tips

By Jay DesMarteau, Head of Commercial Specialty Segments at TD Bank, America’s Most Convenient Bank®   Small business owners typically start a business because they have a specific passion or want to be their own boss. This vision is just the start of entrepreneurship; the hard task is to generate a profit over time.   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 Read more >

Top Hidden Costs of Running a Business

Owning a business comes with an endless stream of expenses such as inventory and office rent. But operating a company may also include items you never considered as potential or necessary costs. Although 80 percent of small business owners in TD Bank’s 2017 Small Business Month Survey expressed confidence in managing their businesses’ finances, these Read more >

When Can a Small Business Owner Afford to Retire?

To estimate when you can afford to retire there are several factors you will have to consider. Your age, life expectancy, current retirement investments and the lifestyle you expect to have once you retire will impact how much you need to set aside.   We recommend discussing this with a professional investment advisor. In the Read more >

Who is the NFCC?

We are the National Foundation for Credit Counseling (NFCC). Founded in 1951, the NFCC is the nation’s first and largest nonprofit dedicated to improving people’s financial well-being.

NFCC members help millions of consumers like you through community-based offices serving all 50 states and Puerto Rico. Each NFCC member agency has earned our seal by adhering to high standards and ethical practices designed to help you achieve financial stability.

For more on the NFCC, visit www.NFCC.org

THANK YOU TO OUR EXCLUSIVE SUPPORTERS

Thank you to TD Bank, America’s Most Convenient Bank® and The TD Charitable Foundation, the charitable giving arm of TD Bank, for their exclusive support and commitment to NFCC’s small business owner financial coaching and education program.