Budgeting and Personal Finance Archives | SmallBizClub

5 Strategies to Boost Your Retirement Savings

Jay Duffy — Wed, 17 Apr 2024 12:52:52 +0000

You’ve built your own business and ready to pass the keys to others, or you’re winding down your employed career. Whether your retirement date is fast approaching or you still have a few years to go, it’s important to take steps to boost your nest egg so you’re better prepared to meet your goals. Consider…

The post 5 Strategies to Boost Your Retirement Savings appeared first on SmallBizClub.

7 Crucial Things to Do Before Retirement

SmallBizClub — Fri, 03 Nov 2023 11:15:08 +0000

Retirement frees you from tight work schedules and gives you time to follow your passions. However, transitioning from work to retirement can be stressful, particularly if you didn’t prepare for it adequately enough. While retirement goals and objectives differ from one person to another, it’s everyone’s dream to enjoy peace during this time. What you…

The post 7 Crucial Things to Do Before Retirement appeared first on SmallBizClub.

Handling Budgets and Debts When Expanding

Carly Goodman — Tue, 05 Sep 2023 08:27:55 +0000

For small businesses and new entrepreneurs, the prospect of expansion is both exciting and daunting. It signifies growth, increased profits, and an extended customer base. But handling budgets and debts when expanding your business is an essential factor. The road to expansion is riddled with financial challenges that must be navigated thoughtfully. Picture credit Budgeting,…

The post Handling Budgets and Debts When Expanding appeared first on SmallBizClub.

5 Reasons Small Business Owners Should Diversify Finances

Michael Dunlop — Wed, 19 Jul 2023 00:07:01 +0000

As a small business owner, it’s easy to become so engrossed in running and managing your business, that you completely neglect your broader personal and familial finances. IMG Source – https://unsplash.com/photos/wHsOV75Xi8Y Relying solely on a small business for your livelihood, no matter how successful it is, can be a risky proposition, in addition to being…

The post 5 Reasons Small Business Owners Should Diversify Finances appeared first on SmallBizClub.

4 Most Common Tax Deductions and Tax Breaks for 2023

Paul Williams Short — Fri, 14 Jul 2023 18:10:10 +0000

Like most people, you’re probably thinking about how to maximize profit and keep more of your hard-earned money. Understanding and taking advantage of the most common tax deductions can greatly alleviate this burden and even lead to financial opportunities. Pexels If you’re unsure where to start, consult with a tax professional. For instance, if you…

The post 4 Most Common Tax Deductions and Tax Breaks for 2023 appeared first on SmallBizClub.

Budgeting Tips for the Sandwich Years

Justin Weinger — Wed, 26 Apr 2023 14:51:01 +0000

The sandwich years are not, unfortunately, a period in your life that you can spend investigating the formula for the perfect Reuben or eating all the peanut butter and jelly concoctions your heart ever desired. As appetizing as it may sound, this is a phrase that describes a phase in life that is potentially both…

The post Budgeting Tips for the Sandwich Years appeared first on SmallBizClub.

Reverse Mortgages: The Pros and Cons Explained

Paul Williams Short — Tue, 18 Apr 2023 12:24:47 +0000

A reverse mortgage is a unique type of loan that allows seniors to unlock the equity in their homes and access funds without having to make monthly payments. You might have heard about it before, but do you really know what it is all about? In this blog post, we’ll be discussing the reverse mortgage…

The post Reverse Mortgages: The Pros and Cons Explained appeared first on SmallBizClub.