retirement planning

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

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 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

What is A Forensic Accountant?

The term “forensic” may bring to mind crime drama on TV, but forensic accountants are more than just Excel jockeys who happen to deal with criminal or civil cases. These accountants possess many other skill sets that make them especially valuable. Forensic accountants themselves may conduct investigations. Because of this, they must be well versed […]

Written by prositesfinancial • Jul 15 • 3 minute read

Streamline Your Small Business Cash Flow With These 5 Tips

Regardless of the size of your business or the state of your cash flow situation and strategy, there are certain things that apply across the board. If your cash flow strategy could use a boost, here are several ideas to help you operate more efficiently, bring you to profitability and keeping you there. 1. Go […]

Written by prositesfinancial • Jun 25 • 3 minute read

7 Key Steps to Forming a New LLC

If you have a small business of any kind, there are many reasons you might want to form an LLC. LLCs are eligible for more expense deductions than individuals, and they also provide significant liability protection. The acronym LLC stands for Limited Liability Company. An LLC exists as a separate entity from its owners, which […]

Written by prositesfinancial • Jun 11 • 4 minute read

Top 10 Questions to Ask Your Financial Planner

Once you’ve saved up a reasonable nest egg, it may be time to go looking for a dedicated financial advisor to help manage your portfolio. Finding someone to trust with such an important responsibility can be daunting. After all, this person or firm will be able to trade with your money and could make or […]

Written by prositesfinancial • Jun 4 • 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