Personal Finance

What You Should Know About Virtual Accounting

Your accountant doesn’t have to be physically present for your business to benefit from their expertise. Modern technology makes virtual accounting an excellent alternative. It analyzes your accounts remotely and updates them appropriately. Virtual accounting also works if there’s a significant distance between your preferred accountant and your business premises. Some individuals and companies choose […]

Written by prositesfinancial • Dec 4 • 3 minute read

What is Financial Health?

Financial health refers to the overall state of your monetary affairs. It’s your ability to manage earnings, expenses, debts, wealth, and fiscal shocks. There are various ways to create financial health, including savings, retirement plans, and planning how you spend your income. If you can comfortably handle unexpected financial emergencies as well as short- and […]

Written by prositesfinancial • Nov 24 • 3 minute read

Using a 529 Plan To Save For College

A 529 plan is a savings plan that is used to save money for college which offers certain tax and financial aid benefits. 529 plans are quite versatile and they can be used for other things too, such as K-12 tuition bills. The Types of 529 Plans There are a couple of different types of […]

Written by prositesfinancial • Sep 3 • 4 minute read

Credit Card Negotiation Options and Risks

Credit card debt is one of the most pervasive financial issues faced by Americans, with the average credit card balance as of 2016 being $5,551. If paying off your credit card debt is proving to be a substantial challenge, or worse is making it difficult to pay critical household expenses such as groceries, rent, medical […]

Written by prositesfinancial • Apr 17 • 4 minute read

Why Dave Ramsey Might Just Be Right About Using Only Cash

The truth is, most of us just don’t have the self-discipline necessary to use credit cards responsibly. We live in an advertisement saturated consumer society that encourages us to spend, spend, spend at every possible opportunity, and everywhere we go. As a result, most Americans are up to their eyeballs in debt with the national […]

Written by prositesfinancial • Jan 7 • 4 minute read

Top 10 Easy Ways To Save Money Today

Many of us feel like we can never seem to make enough money to make ends meet. It might be drowning in credit card bills or trying to make a student loan payment, but there’s always a reason why we don’t have enough money. While it would be ideal to make more money at your […]

Written by prositesfinancial • Jan 7 • 4 minute read

Key Tips About Student Loan Debt

Overall, the need for student loan debt reform is clear. However, current economical conditions and increasing education costs don’t bode well for any significant changes in the near future. With the student loan debt now surpassing credit card and auto loan debt, it is more important than ever to take precautions and prepare as much […]

Written by prositesfinancial • Jan 7 • 4 minute read

How To Begin Building Your Credit

Starting you credit history is the perfect opportunity to begin good spending habits. With over 45 million Americans you are not alone in this pursuit, and there is a method to the madness. There is so much information out there it may be hard to decide where to begin, but after a little research you […]

Written by prositesfinancial • Jan 7 • 4 minute read

10 Business Challenges that Benefit from a Consultant

Running a business presents a multitude of challenges, from operational hurdles to balancing long- and short-term strategy. In many cases, seeking the expertise of a business consultant can provide invaluable insights and solutions. Here are some of the key business challenges that would benefit from the involvement of a consultant: 1. Market Entry Strategies Expanding […]

Written by prositesfinancial • Sep 20 • 2 minute read

Business Strategies for Year-Round Tax Readiness

Tax preparation shouldn’t be a last-minute scramble; instead, implementing year-round strategies can help your business navigate tax season with ease. By staying organized and proactive throughout the year, you can maximize deductions, minimize tax liability, and ensure compliance with tax regulations. Let’s explore some effective business strategies for year-round tax readiness. Maintain Accurate Records Accurate […]

Written by prositesfinancial • Sep 13 • 2 minute read

Navigating Tax Debt: What Are Your Options?

Dealing with tax debt can be stressful, but understanding your options will help you navigate this challenging financial situation. Whether you owe back taxes to the IRS or are struggling to pay your current tax bill, there are strategies you can employ to address your tax debt and find a viable solution. Let’s explore the […]

Written by prositesfinancial • Sep 6 • 3 minute read

Tips for Overcoming Personal Debt

Dealing with personal debt can be overwhelming, but with careful planning and determination, you can take control of your financial situation. Whether you’re facing credit card debt, student loans, or medical bills, there are steps you can take to overcome debt and achieve financial freedom. Here are seven effective tips to help you tackle personal […]

Written by prositesfinancial • Aug 30 • 2 minute read

How New Businesses Can Avoid Common Bookkeeping Mistakes

Starting a new business is an exciting journey, but it also comes with a wide range of financial responsibilities. Proper bookkeeping is essential for the success and sustainability of your venture. By avoiding common bookkeeping pitfalls, you can ensure accurate financial records, make informed decisions, and set your business up for growth. The following are […]

Written by prositesfinancial • Aug 23 • 2 minute read