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10 Best Financial Management Tools for Personal and Professional Use

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So, if you are keeping up with income and expenses, you can quickly pull the data without much thought. Google Sheets is also helpful if you’re self-employed and like to keep information in one place without needing a fancy user interface. This can help you figure out how much to allocate to this expense each month. No problem.

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How to Know If You’re Financially Ready to Start a Business

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Later in the plan, provide more specific information about your offering (e.g., After all, without cash flow and a solid financial plan that includes costs and expenses, you won’t be able to get your business off the ground. Either way, go through your bills and determine where you can cut personal expenses. Considering the No.

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How Financial Wellness Programs Can Benefit Employees and Employers

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Gone are the days when new employees received a list of the company holidays during onboarding and a packet with information about how to sign up for health care and retirement benefits. As with benefits focused on mental health, interest in financial wellness has increased since the onset of the pandemic, he adds.

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4 Smart Money Moves to Plan for Financial Security

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This goal is more expensive than I’d like to admit, so I strategically plan for those purchases by saving for them on a monthly basis. If you’ve taken any kind of personal finance course, you probably know about the importance of an emergency fund to your overall financial health. For me, this is collecting limited-release sneakers.

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Employee Files: What to include, what to leave out, and what’s confidential

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That’s not even mentioning all the paperwork involved in the onboarding process, such as employee handbooks , contact information, and direct deposit/banking information — just to name a few. These types of violations can cost your organization $75,000+ , so keeping confidential information separate is a must.

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16 Rich Habits

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Stay away from accumulating credit card debt. Try to stash six months of living expenses in an emergency fund in case you lose your job or your business goes belly-up. Reading information that will increase your knowledge about your business or career will make you more valuable to colleagues, customers or clients.

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3 Steps to Take Before Going Into Business for Yourself

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Before going into business for yourself, you should have an account set aside to save for these additional expenses. Next, you’ll need to consider your current company benefits such as health insurance and retirement plans. If that’s not an option, you’ll need to get on a health insurance plan for self-employed individuals.