More and more people are becoming self-employed during such difficult economic times. Monies are tight but by going solo you can enjoy tax efficiency, flexibility and greater earnings. If you are considering becoming a freelancer, or you have recently taken the plunge, it is vital that you do everything by the book and manage your …
Category: budgeting
Don’t Forget to Save
No matter how badly you want to get out of debt, not every extra penny you make should go towards paying off debt. Regardless of how much in hock you are to your credit card companies and student lenders, you need to have some of your income dedicated to savings in some form. Believe it or …
Stay Away from Layaway
With the looming prospect of an even worsening economy, retailers are looking to take advantage of any opportunity to get shoppers to part with their money early and often. To that end, they’ve dusted off a blast from the past, the layaway plan. Simply put, a layaway program allows shoppers to pay for a purchase …
You Need a Budget
You can’t get out of debt without a budget, plain and simple. You need to account for every penny you earn and every penny you spend. At the end of the day, you need to spend less than you earn and apply the difference to your savings and debt reduction. Creating a budget is easy, …