life insurance
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 […]
#life insurance#personal financeWritten by prositesfinancial • May 20 • 4 minute read
New Articles
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
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 […]
#college fund savings#investment tips#paying for collegeWritten 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 […]
#Budgeting and saving#cutting costs#save moneyWritten 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 […]
#personal finance#Student loansWritten 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
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
Taxes are inevitable! Like most taxpayers, you are probably wondering how you can minimize the amount you owe. Your income is taxed at the local, state, and federal levels, not forgetting additional deductions to cover Medicare and Social Security. While tax situations differ for every individual, there are specific steps that most taxpayers can take […]
Written by prositesfinancial • Sep 22 • 2 minute read
5 Facts You Should Know About Compound Interest
If an investment or loan accrues compound interest, its interest is calculated using the sum of its initial principal plus any previously accumulated interest. You can think of this concept t as “interest on interest” that will make your money grow faster than simple interest. Suppose you deposited $100 one year ago in an account […]
Written by prositesfinancial • Sep 15 • 2 minute read