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If you have gotten into debt, you’re not alone. Many people all over the country get into debt, whether it’s due to a mistake they have made, careless spending, or something that was completely out of their control. Getting into debt is not the end of the world, so long as you get out of it! If you have been trying to get debt free, but you haven’t reached your goal, these could be the reasons why… You haven’t got a plan – This is one of the biggest reasons why most people struggle to become debt free. A lot of people simply...

As the financial comes to a close, there is a dash towards filling the tax returns for your businesses. It is very essential to know about the financial condition of your business. At least, one should know about the cash flows and the taxes that will need paying when the time comes. It is very important to not show any lethargy when it comes to filling taxes! Any signs of late payment or negligence will only cause increase in the back pay and at worse could even lead to freezing of assets by tax enforcement agencies! Now that we know...

Are money worries getting you down? Finding it difficult to keep control of your finances? Don’t worry; there are simple steps you can take right now, getting you back on track with your monetary problems. Here’s how. Register for online banking You can check your bank balance wherever you are, be that through a mobile device or your computer. Simply download the app, or bookmark your bank’s website, sign up to online banking, and you are away. Control your outgoing and incoming payments with ease, keep track of your bank balance...

The banking industry has become a highly competitive industry with a lot of private players entering the space. From being places to deposit and withdraw money and the seek loans, banks have now become the hubs for fuelling new projects and providing the necessary push to economies around the globe. From old age friendly to startup friendly, banks have come a long way and even sport their new avatars in their offices with their corporate logo and stylish formal attires. Yet, the online banking scenario is still caught in the early 2000’s...

Once you have taken the loan, it is not guaranteed that the plan of repayment will go in your favor. There may be some loopholes or the time may continue to be tough for you, making it impossible to repay the loan on time. In such scenario, you go either for the loan for repaying loan or you may choose debt settlement route. Both have their pros and cons, and it all depends on your attitude towards handing the situation. To help you make better decision, here are some of the points that show you how debt negotiation route impact your...

Have you ever sat down to do your taxes and had the feeling that you’re missing something? The reality is, you’re probably right. Particularly when it comes to business expenses, you may be leaving money on the table in the form of tax write-offs. A tax deduction (or write-off) reduces the amount of your income that will be taxed, therefore reducing your tax liability or increasing your tax return. Here are three important deductions that every professional should know about. Vehicle Deductions If you drive at all for business, you...

Keeping your finances in order as a young single person can be difficult. You are young, wild and free! It is important to build strong habits early. This doesn’t mean you have to subsist on ramen for the rest of your life, but you do need a budget. Starting to think about your future now means you can rest easy as you get older. Here are some tips to gain financial security. Create a Budget Start by tracking your spending for a month. Write out a budget. Account for every dollar you make. You can do this by allocating certain percentages...

The stock market is a very volatile investment strategy which turns some people off. The markets can change in the blink of an eye and suddenly, you’ll find that the value of your investment has dropped significantly. This danger is turning people away from the stock market and instead, they’re deciding to keep their money in cash because it’s believed to be safer. But is that really true? While you might think that cash is the safest way to keep your money, but that view is often spread through these myths about cash. It Doesn’t...

Many people don’t see off-shore bank accounts as legitimate ways to store your money, but that’s not true. There are tons of reasons why this is a great choice for you to make, so be sure to keep reading and we’ll tell you why! It takes down on your political risk It’s been shown time and time again that the biggest risks that you face will not come from economic or financial forces. But rather, the biggest risk comes from your own government. More and more governments don’t know how to manage their banking systems to ensure...

Most of the financial missteps that people make all time can be avoided. And there are some that people make without even knowing that they’re bad for them and their finances. Well, it’s time all that changed. You can’t go on any longer without knowing what to do and what not to do when it comes to managing your money. If you’re going to keep your money balanced and ensure that you have a bright financial future, you need to understand the missteps that people often make unknowingly. Here are eight of the most common of them. Read...