Easy Ways to Go Green and Stay Budget Friendly

Financial-PlanningThe Federal Reserve Bank of New York’s Household Debt and Credit Report reported $11.85 trillion total household indebtedness in the second quarter of 2015. We have two massive issues in America—the degradation of our environment and a seemingly insurmountable debt, particularly consumer debt. The hesitation some have to go green stems from the false belief that we are unable to make a large positive impact without significant costs

How about this novelty idea: You can actually save money and help protect our earth at the same time. Social entrepreneurs recruit “skeptics” to the team green by providing economically efficient products and services that minimize consumers’ carbon footprint.

Taking steps to go green won’t solve our massive environmental problems, but it will put hundreds, if not thousands, of dollars back into your pocket and help stop rapid, global environmental degradation..


Save money on fertilizers and compost your waste! You’d be surprised what can enter the compost bin, including food, yard trimmings, newspapers and all organic materials.

According to the Natural Resources Defense Council, “generating compost and using it in landscaping can save money through

Tips To Improve Chances Of A Small Business Loan

financial-planning-picA new startup, a new grocery store or an established eatery looking to expand further – all are small businesses. Such companies often need capital for their new or expanding business and have specific loan requirements. A brick and mortar business may need money to expand into ecommerce, an established shop may want to open two more stores in a new locality, or a vegetarian restaurant may want to expand into the paleo diet segment and needs money for more retail space. (For more, see: Starting A Small Business: Introduction.)

Owing to the wide variety of small businesses and their specific needs, small business loan applications are scrutinized carefully on a case-by-case basis by the potential lenders. We look at a few important points that can help improve the chances of securing a small business loan.

What Do Lenders Look For?

Simply put, the lender looks for certainty that the borrower will repay his small business loan in the allotted timeframe. This certainty can be indicated by potential business profitability, liquidity of business capital, minimal debt amount, healthy turnover rate of inventory and a healthy customer

Charity or Retirement Saving Which to Prioritize

Financial-plan-reviewDonating to charity is admirable and a valued part of any civilized society, so it’s no wonder that it represents a significant part of many people’s budget. For some people, it’s a monthly deduction from their paycheck or a frequent check written to a charitable organization. For others, it’s an annual gift to their children’s school, a social cause or a religious organization.

Whether it’s contributing to an organization you support ideologically or helping your family members in times of need, charitable giving is intensely important – and personal – for many.

Many financial planners and their clients disagree when it comes to charitable giving. Some planners see their clients putting the needs of their charity ahead of their own budgetary needs. For example, a soon-to-be retiree who gives money to a religious organization instead of buying a long-term care plan. (For more, see: Charitable Giving Without Spending a Dime)

Since charitable giving represents one of the most intimate aspects of personal finance, it’s crucial that financial planners realize how to balance the altruistic desires of their clients while also ensuring their futures are secure.

Here we discuss

Organizing Company with Good Accounting System

Today, it is very important to make sure a company is organized. There are many things that can be done by managers or anyone responsible for a company to keep the company organized. One absolute thing is performing daily accounting in very discipline manner. People may wonder why it is so important especially in early to mid-level company to have good accounting condition such as accountants Surprise AZ. The answer lies on the way of money management. It is true that money – regardless of what its form – needs to be carefully managed. The money management, including report of amount of income and expense related to the company, provides very valuable information about the condition of company. It creates an opportunity for managers to evaluate the condition of company while it also gives insight on how the company will be shaped or directed in the future.

There are some ways to make a company more organized through money-management approach. One of them is obviously creating a division specialized in treasury and accounting. Both probably can be combined – especially for entry level companies – while it may be formed as separated division.

If You Want to Increase Your Business Profits, Let an Accountant Free Up Some Time to Do It

The one major thing I disliked about as much as I disliked doing our business taxes was doing the payroll every week. We have simple time sheets for employees. They clock in and out, and we tally their hours. We figure base rate and overtime pay. Then there is the withholding to submit to the tax authorities. That is time consuming. I tried using various software packages to do it. However, none of them were perfect for our way of doing business. I decided to check out threesquare.ie/dublin-accountants/about-us/ to see about just hiring an accountant to do weekly payroll and business income and taxes. Continue reading “If You Want to Increase Your Business Profits, Let an Accountant Free Up Some Time to Do It”

Estate Planning for Single Individuals

America’s singles population is growing as a result of revolutionary changes in the dating scene. Online dating apps like Tinder, Hinge, and Bumble are no longer taboo and the days of familial arranged marriages are long gone in most areas of the United States.(To learn more, read: The Math Behind Online Dating). Currently, the majority of the U.S. population older than age 15 is single. A study by Martin Prosperity Institute and CityLab used data from the U.S. Census to estimate that 128.2 million singles lived in the U.S. in 2013, accounting for 51.2% of the population.

Single people need to take certain steps in regards to estate planning. These steps entail setting procedures of administration of a probate and maximizing the value of the sum of all of an individual’s assets during their lifetime. Optimal estate planning requires estate tax and expense foresight along with continual management. Ultimately, a successful estate plan will fulfill the individual’s wishes and minimize the taxes the individual owes when they die.

Estate planning is important because it outlines who the designated beneficiaries are and decisions concerning asset distribution, medical and financial control. In the case of married people or those with significant others, those responsibilities

Estate Planning for Young Adults

Most people associate the words “estate planning” with a traditional image of a financial planning client: someone who is older, established in their career and possibly eyeballing retirement. They’ve had lots of time to amass plenty of assets, and they need help setting up a plan for what will happen to their wealth and possessions once they pass away.

Younger individuals who aren’t so established and who haven’t had the time to build up sizeable nest eggs need an estate plan, too. It’s a tough topic for everyone, as most younger clients have a hard time thinking about the end of their working lives, much less the end of their lives in total. And financial advisors are often the ones having to facilitate the conversation, since it’s highly unlikely younger generations are working with other professionals like estate planning attorneys. (For more, see: Top Finance Tips for Clients in Their 30s, 40s.)

Implore the Importance of Planning

Advisors know that estate plans go way beyond wills, but it’s important to communicate this fact to young clients. Help them understand that there are a variety of situations where a plan makes sense, and that it’s not just for older individuals with significant assets or

5 Financial Mistakes to Avoid During a Divorce

While a divorce may leave a mental or emotional toll on both parties, it doesn’t have to hurt financially. Avoiding money mistakes can go a long way in easing the pain. From holding on to the family home to ignoring your expenses, here’s a look at five financial mistakes that should be avoided at all costs during a breakup. (For more, see: What It Costs To Get Divorced.)

Failing to Create an Inventory of Assets

Often one partner has a better understanding of the couple’s finances than the other. This person likely has a solid idea of how much money their investment accounts hold, the value of their assets and how much cash is in their savings accounts. Whereas typically, the other partner isn’t as up to speed.

If you’re the latter person, you’ll want to take an inventory of all the assets before even contemplating splitting them up. For instance, you wouldn’t want to overlook an investment property that could yield you more cash. In addition to knowing what’s in your bank accounts, you should track your life insurance policies and all outstanding debt.

Holding On to the Family Home

The parent with primary custody of the children usually wants to stay in the