Budgeting Essentials

The economy goes up and down regularly.  Sometimes the ups last longer, but eventually the market makes a “correction” and a recession occurs.  You want to be prepared before a recession hits.  That is why you should look at these 5 reasons to eliminate debt before a recession hits.

If you don’t do your books regularly and don’t have a well prepared budget to remind you of your upcoming expenses, you don’t really know how much cash you have available to spend.  Not knowing can have a negative effect both on your profitability and your cash flow.  Learn more in this week’s blog.

One of the first steps on your Debt Relief Journey is to create a budget that allows you to pay off your debt. But if you want to be successful on your Debt Relief Journey, creating that budget is not a one-time event. Learn more in today’s blog. 

You may not think of a budget as a money saving tool. Many people even think of it as a chore or something that your accountant does. But there are a number of ways that a budget can help you save money.  Learn more in this week’s blog.

Discontent puts you in a frame of mind that buries you in a sea of despair and hinders your progress on your Debt Relief Journey. Contentment, on the other hand, lifts your head above your circumstances and fills you with hope for the future.  A future in which you can be debt free. Learn more in this week’s blog.

When you are running an entrepreneurial business, you want to take advantage of every tool that will help your business.  A budget is one of those tools that you want to make sure you use.    Learn more in this week’s blog.

By the end of the holiday season, you may find that you have overspent your holiday budget. While this does setback your debt relief journey, it is not the end of the journey. Learn more in this week’s blog.

Many people begin the New Year with resolutions for changes that they want to make for the coming year.  Unfortunately, many of those resolutions fail, in part because there is no implementation plan that goes along with the resolution.  Learn more in this week’s blog.

If you always think of yourself as being in debt, then you will always be in debt. But when you see yourself debt free, you can become debt free. Learn more in this week’s blog.

A budget not only gives you an annual plan for your business, it also helps your vision for your business. Learn more in this week’s blog.

 The beginning of the year is a great time to make adjustments that will help you improve your debt relief journey. Learn more in this week’s blog.

Your entrepreneurial business depends upon the cash it generates. But what can you do to keep cash flowing in your business?  Learn more in this week’s blog.

How are you looking at your debt relief journey? Do you see yourself succeeding or struggling?  However you see yourself will determine how your journey will turn out. Learn more in this week’s blog.

What are you thinking about your business? Do you see yourself succeeding or just surviving?  However you see yourself is the way your business life will turn out. Learn more in this week’s blog.

Many people are taught that you have to go into debt in order to purchase things that you want. But should that be normal?  Learn more in this week’s blog.

Just because you are not borrowing money doesn’t mean you can’t replace your equipment. It just takes a different mindset and some preparation. Learn more in this week’s blog.

One of the things that you should do on your debt relief journey is picture what life will be like when you are debt free. Learn more in this week’s blog.

“Conventional” wisdom teaches business owners that paying interest is a “normal” business expense that you should expect to pay.  But, is that really an expense that you have to have in your business?  Learn more in this week’s blog.

Many people get excited about the “sales” like Black Friday and other sales during the holidays.  You can buy many things at a discount.  But why do they call it Black Friday?  When does it make sense to take advantage of those deals?  Learn more in this week’s blog.

You may think that your entrepreneurial business is making money.  You may even have money in the bank.  But are you really making money?  Is your business making as much money as it should be?  Learn more in this week’s blog.