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Business finance: The ultimate guide for non-finance people

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Either way, you’ll need to master the basics of business finance if you want to find success. Even employees not working directly in finance generally need a basic understanding of it to succeed. Nothing exists in a bubble, and business finance is no different. Why is that?

Finance 105
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4 Smart Money Moves to Plan for Financial Security

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That’s because when we delay organizing our finances, it causes us to delay a lot of other things, too. But it’s really no surprise that millennials have trouble dealing with their finances. Plus, an unsurprising majority of this age group feels stressed when thinking and talking about finances. Trust me: I get it.

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2023 Financial Forecast: How to Prepare for the Year Ahead

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And with a new year approaching quickly, it can be a good opportunity to take stock of what’s happened in the past year—in your personal life, career and with your finances—and think about what changes you’d like to make in the year ahead. As you think about your personal finances heading into 2023, credit card debt should be top of mind.

2023 286
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3 Financial Tips to Consider Before Pursuing Your Passion Full Time

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The general rule of thumb is to have three to six months of your living expenses set aside in a savings account for emergencies. Most conversations about investing tend to focus on retirement planning and thus a lot of attention is paid to 401(k) and IRA accounts. Have considerable cash on hand.

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3 Steps to Take Before Going Into Business for Yourself

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A 2021 report uncovered that 40% of traditionally-employed American workers are considering a transition to self-employment in the next two years. Before going into business for yourself, you should have an account set aside to save for these additional expenses. If you’re struggling to save money, take a look at your budget.

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3 Smart Money Moves for Your Tax Refund or Stimulus Check

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I know that might not sound like much for an emergency fund, but the purpose of this is just to give you a buffer for any unexpected expenses that come up while you’re paying off debt. This should be enough money to cover three to six months of basic living expenses you’d need if you were to lose your job or have another major life event.

Expenses 279
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During a Recession, Entrepreneurs Are in the Driver’s Seat

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During a White House event in February 2021, President Biden said, “Small businesses are the engines of our economic progress; they’re the glue and the heart and soul of our communities.”. And companies that weren’t cutting jobs cut benefits, from retirement funds to healthcare coverage. Today, it’s completely the other way around.”.

2021 246