Have You Thought About the Costs of Being Self-Employed?

The dream of self-employment is something that has gained a lot of popularity in recent years.  Thanks to the Internet, almost anyone can start a side hustle from home.

Not only is it technically easy to become self-employed, it’s also relatively inexpensive — depending on the strategy you use.

A number of side hustles require only a computer and a fast Internet connection.  Even if you choose a more expensive venture, you can still save money by starting out at home.

Because of the ease involved, and the low startup costs that are possible, many would-be solopreneurs fail to account for other costs that they might run into.  While being self-employed works for many people, it isn’t the only satisfying career path.  And there are costs involved that you might not have thought about.

Some of the costs of being self-employed include:

Continue Reading

Review: Outright Online Accounting Software

outright_logo

When you start a business, you don’t often think about the accounting aspects. You just want to see the money start rolling in.

However, you need to be on top of your accounting if you want to keep up with your taxes (or at least not make them difficult).

One of the ways that you can stay on top of things is to use some sort of accounting software or application.  As I started looking, I considered a number of options. While I eventually just settled on using Quicken (although now I’m using MoneyDance) to keep track of my business income and expenses, I did look into other options.

One of these was Outright.com small business accounting.

What is Outright?

Continue Reading

Drought: Are You Ready for Higher Prices?- Tips to Fight Food Price Inflation

Chances are, you are aware that this summer has been hot.

It’s been much hotter than normal where I live, in the intermountain west.

The result of all this hot weather is likely to be failing crops.

Indeed, I notice that, thanks to a strange winter, and hot weather, our garden isn’t doing as well as it did last year.  We don’t have the same number of tomatoes and peppers.  Even our berries are failing.  (Our herbs, on the other hand, are thriving.  Apparently, the basil, oregano, and thyme are all fond of this weather.)

Across the nation’s farmland, a similar situation is playing out on a larger scale.

Drought is causing crops of corn and soybeans to begin failing, and that will likely mean a squeeze in supply — and a rise in food prices.  But it’s not just a direct rise in prices, such as a rise in corn prices.  This type of issue is likely to spread throughout the food supply chain.

What we often forget is that we aren’t the only living things that need grown food.
Continue Reading

5 Keys to a Frugal Retirement

When we think about frugality, many of us consider the here and now.

However, it doesn’t hurt to consider that you might need to be frugal during retirement as well.

While many of us hope to be able to forget about frugality during our golden years, the truth is that you never know what will happen in the future to create uncertainty in your finances.

It makes sense to be prepared to live frugally in retirement, if the need should arise.

Here are 5 things to keep in mind as you prepare your retirement finances:

Continue Reading

Steps to Take if You Lose Your Job and You’re Now Unemployed

unemployed_need_work

Many of us live in fear of possibly losing a job.

After all, the job is what provides income stability in the household, and is often the source of benefits, like health insurance, for your family.  Without a job, you are on the hook for a number of these costs, and may find it difficult to make ends meet.

Losing your job doesn’t have to be the end of the line, however.

There are steps you can take to alleviate the situation, as well as ways to make unemployment an opportunity.

Before you panic into doing something unwise, take a deep breath, step back, and consider the following actions if you lost your job:

Apply for Unemployment Benefits

Continue Reading

Why You Need a Small Business Credit Card

Many of us with small and home businesses don’t think a lot about getting a credit card.

After all, what do we need with a business credit card, when everything is so…small?

However, a small business credit card can be a good move for just about any small business — even if you don’t think that you need one. There are advantages to having a credit card in the name of your small business.

Here are some of the advantages of having a small business credit card:

Build Credit for Your Business

Continue Reading

6 Steps to Take in a Financial Emergency

cash_change_money

Every now and then, financial catastrophe strikes.

You never know when you will run into a financial emergency.  Sometimes, things are simply out of your control.

When a financial emergency arrives, though, it’s important to take control as quickly as possible.

While you can’t control what happens in terms of an unexpected financial setback, you can control your reaction to it.  When you find yourself dealing with a financial emergency, here are 6 steps you can take to get back on track as soon as possible:

1. Take a Deep Breath, and Evaluate the Situation

Continue Reading