Credit Card Debt Reduction Strategies (Part 2)
From everything I’ve read, there are two general strategies for paying off debt.
- pay off the credit cards with the lowest balance first
- pay off the credit cards with the highest interest rate first
Credit Card Debt Reduction Strategies (Part 1)
As mentioned in a previous post, I’m drastically trying to eliminate my credit card debt. I’m about half way to my goal, and plan to have all credit cards paid off in about 6 months. Here are some tips I’ve been using: Continue reading »
Why Small Business Owners Should Have an Emergency Fund
The best thing about running a small business is that you aren’t limited to receiving a certain amount of income each month. You can have a phenomenally successful month if you get even one more new account, a repeat business deal, or find a new income stream. The downside is that some months can be slow. Continue reading »
State of My Finances and The Benefits of Credit Cards
There are a lot of strategies for reducing debt. My goal, which I hope to achieve in the next 6 months, is to have paid off all my credit card outstanding balances. Once that is paid off, I will start working on paying off my small mortgage of undergrad and grad student loans. Continue reading »
Citibank and Privacy
Did you know that credit cards can randomly change your plan because their marketing department decides you’re a good candidate for their new card?
Well, apparently, it’s true. I went online Friday to make an online payment to my account and received an error message saying I’d have to call a number. So I called, hoping that it was just a technical glitch… Continue reading »
Time To Buy A Shredder (And For Cheap!)
After reading how tearing up credit card applications is not enough, I was motivated to go buy a cross-cut paper shredder. (Cross cut means the paper ends up as confetti rather than strips.) So today I headed into Staples to find my new machine. Continue reading »
Top 5 Missed Tax Deductions
To counterbalance my last post on audits, here are CNN Money’s top 5 missed tax deductions. Continue reading »
Think You Can't Be Audited? Consider This…
I’m not speaking from personal experience here, but a nifty article over at the Motley Fool reminds us that the IRS has been cracking down on delinquents.
Here are their top 5 audit myths or ‘I won’t get audited because (insert common audit myth here).’ Continue reading »
SEPs: Retirement Planning for Small Business Owners
As a small business owner, I’ve been mulling over retirement options for the last year or two. Until last week, I was simply gathering information and trying to figure out just what options would be best. Continue reading »
Amazon will offer Fidelity Financial Services on Site
According to Reuters, Fidelity will sponsor a financial services store on Amazon.
That apparently means they’ll be offering their 380+ funds and other financial services to Amazon customers – and in particular, those lucrative baby boomers headed for retirement. Continue reading »