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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

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 benefits and some financial aid. 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 • 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

Top Five Key Tips About Student Loan Debt:

Overall, the need for student loan debt reform is clear. However, with the profit motives discussed above, this may be unlikely in the foreseeable future. So, what can we do about it? Make informed decisions around student loans. If you or a child is considering taking out a student loan at any point in the […]

Written by prositesfinancial • Jan 7 • 4 minute read

How to Repair Poor or Badly Damaged Credit in 7 Simple Steps

If you have managed to damage your credit score for whatever reason, it is definitely in your best interest to repair it as soon as possible in order to maximize both your opportunities and financial savings. Why Your Credit Score Matters And Why You Should Fix It: Having a bad credit score can affect your […]

Written by prositesfinancial • Jan 7 • 4 minute read

How To Build Your Credit Score From Scratch When You Have None

In this article, we’ll go over some of the ways to build a credit score or rebuild one that has been damaged. Don’t Worry About Co-Signing with Someone Else or Becoming an Authorized User on Another Account. While these methods used to be very popular ways to delay credit score, they’ve been deprecated in the […]

Written by prositesfinancial • Jan 7 • 4 minute read

Filing 1099 Forms for Your Independent Contractors

The IRS form 1099-MISC, commonly abbreviated to just 1099, is a form that summarizes annual income from non-employee compensation for a tax filer. This form is what the IRS uses to calculate taxes on all the income independent contractors generate. If you paid more than $600 over the tax year to an independent contractor or […]

Written by prositesfinancial • May 21 • 4 minute read

Considering Life Insurance? Here are 9 Key Factors to Check

Buying a life insurance policy is a very big deal. It’s perhaps one of the biggest financial decisions you’ll make in your lifetime. It is important to do some research to make sure you have the right policy to cover the expenses you need. Weeding through the jargon and complex fine print of the insurance […]

Written by prositesfinancial • May 20 • 4 minute read

Ten Tips for Small Businesses to Help Prevent an IRS Tax Audit

Each year, well over a million taxpayers will typically be selected by the IRS for audit. No one wants to get that dreaded notice in the mail, so let’s look at ten tips that could help you avoid ending up on their annual tax audit list. 1. Know When to File This may be counter-intuitive, […]

Written by prositesfinancial • May 13 • 4 minute read

Can Millennials Count on Receiving Social Security Benefits?

While our grandparents’ generation counted on social security almost without question, times have changed, and most millennials now have their doubts. If you are a Millennial and are concerned that social security benefits may not be there waiting for you when you retire, you are not alone: according to a 2017 Annual Transamerica Retirement Survey, […]

Written by prositesfinancial • May 7 • 3 minute read

8 Cash Flow Management Tips for Small Business Owners

Cash flow is an integral part of any successful business strategy. Attempting to run a business without a good cash flow strategy is like trying to sail a ship across the sea without a rudder. You might make it a decent distance into the deep, but eventually you will crash or sink. Even if you […]

Written by prositesfinancial • Apr 24 • 5 minute read