Budgeting and saving

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

What Is a Sinking Fund and How Can It Help Your Finances?

A sinking fund is money saved up or set aside for a specified use at a stipulated time. You can establish a sinking fund by saving a bit of your income each month, completely separate from your savings account or emergency fund. Sinking funds are an effective way to save and pay for large expenses […]

Written by prositesfinancial • Oct 27 • 2 minute read

How to Create an Effective Budget for Your Business

First-time business owners have to figure out several aspects of launching and running a business, and chief among them is creating a budget. The budgeting process can be intimidating for startups, especially if you aren’t familiar with business terminology and how to gather accurate financial information. While creating a business budget may seem daunting, it […]

Written by prositesfinancial • Oct 20 • 2 minute read

How Does Cryptocurrency Impact Your Taxes?

Recent periods have been a busy time for cryptocurrencies, even amidst the global pandemic. Bitcoin, which is the largest cryptocurrency as per the market value, initially skyrocketed before fluctuating widely towards the end of 2020 and the start of 2021. Other cryptocurrencies, such as Tether, Ethereum, and Ripple, have also increased in popularity as the […]

Written by prositesfinancial • Oct 13 • 2 minute read

The Top Signs You Should Hire a Bookkeeper

When you first launch a business, hiring a bookkeeper might seem like an unnecessary expense. You may feel confident in your bookkeeping skills and opt to do it yourself. But as your business grows and you hire a few extra employees, spending more time doing the books can easily overwhelm you and divert your focus […]

Written by prositesfinancial • Oct 6 • 2 minute read

What Are the Most Important Elements of a Solid Business Plan?

Planning is essential before you start any business. It gives you a blueprint for where the company should be in the coming years and the strategy to reach that level. What’s incredible about planning is that it will also illuminate all the potential issues you are bound to encounter. While several successful businesses are launched […]

Written by prositesfinancial • Sep 29 • 2 minute read