The Blog Of TL Wall Accounting

Archive for June, 2020

Tracking Your Spending For Your Financial Health

How well do you track your spending habits?

We ask that question because a great number of people have absolutely no idea how or where they spend their money. This ends up with folks looking at their bank statements wondering where their money went, and sometimes leads them to either overdraw on their bank accounts or go over the limit on their credit cards.

Why is this important? Because while the Justice Department shows that the number of bankruptcies decreased 5 years in a row between 2010 and 2015, Nerd Wallet shows that overall personal debt has increased over at least 12 years.
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How To Gauge Products And Services You Should Be Paying For

Self employment is a wonderful thing if you can pull it off. What’s less than optimal is trying to run your business while still trying to do everything else you normally do that takes you away from running your business. All of us have tried it at one time or another, and eventually you either burn out or find yourself tiring to the extent that you’re slacking off on both your business and your projects.

There’s a process one should go through when making a determination as to whether or not you should keep doing what you do that’s not part of your career. Below are categories and things to think about that might help relieve you of some of your workload… even if it might cost you a bit of money.
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