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One fundamental financial practice that often gets overlooked, yet is very important, is the idea of separating personal and business finances. There are a wealth of benefits from maintaining distinct bank accounts and credit cards for business transactions. Benefits for small business owners include: Benefits of Separating Personal and Business Finances The intertwining of personal …
The Importance Of Separating Personal And Business FinancesRead More
The practice of separating personal and business finances is a fundamental financial practice that often gets overlooked, yet holds immense importance. By maintaining distinct bank accounts and credit cards for business transactions, small business owners benefit in so multiple ways. These benefits include streamlining bookkeeping processes, ensuring accurate expense tracking, and fostering clarity in financial …
6 Reasons Why Separating Personal And Business Finances Is So ImportantRead More
As the current 30-year mortgage rate hovers at 8%, and the 10-year treasury approaches 5%, it’s crucial to understand the implications of rising interest rates on personal finances. Depending on your life stage and financial situation, these changes can bring both benefits and challenges. By incorporating effective tax planning strategies, you can mitigate the impact …
Navigating The Impact Of Rising Interest Rates On Personal FinancesRead More
Considering your options regarding a cash flow solution? The annual inflation rate in the U.S. accelerated to 7.5% in January of 2022. This is the highest rate since February of 1982. Inflation hits those on a fixed income, often seniors, the hardest. On top of escalating living expenses due to inflation, some retirees are faced …
