The Blog Of TL Wall Accounting

Paying Off Bills Vs. Saving For Retirement

Let me begin by saying that one shouldn’t consider the debate between paying off bills and saving for retirement as totally opposite beliefs. The truth is that for long term security you’re going to need to take care of both as time goes along. You never know how long you’ll live once you retire and the last thing you want is to be saddled with a lot of debt and not enough money to pay for everything.

ArtTower via Pixabay

With that said, let’s look at this discussion from some practical terms. The difference between paying off bills you have now and deciding to put money away can be drastic. It’s hard to see for most people because the numbers can be overwhelming, so we’re going to put it in terms that hopefully make it easier to understand with a little example.
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Should You Have A Home Office Or Rented Space?

At some point every sole entrepreneur thinks about where they should be working. Sometimes it’s at the beginning; sometimes it’s after a year or so. There are multiple considerations to think about if you’re looking to move into a rented space for your office. Let’s take a look at some of those concerns.

1. Income

MagicDesk via Pixabay

Income is the biggest consideration when it comes to making this kind of decision. If you’re new and don’t have any clients, it’s nothing you should even consider. What you’ll learn early on is that it’s harder being self employed at the beginning of your new career, and you want any funds you have to help give you time to get your business up and going.
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5 Reasons High School Students Should Be Taught About Finances

The fact is the overwhelming majority of Americans, and possibly people in other countries, do a bad job of handling their money properly. We tend to believe it’s because most people really don’t think about learning anything about finances until they get into trouble. If they did want to know more where would they go, besides a few blogs I know of or maybe an accounting firm? 🙂

David Robert Bliwas via Compfight

Obviously I was in high school in the past. I learned a lot of things I was never going to have any use for. Some of it I enjoyed, but since I never saw myself as becoming any kind of scientist or a historian, I’m thinking something I could have used, that would have made my early adult life easier, were lessons on personal finance. That would have helped me a great deal, not only when I had to go out on my own but even in college.
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Your Financial Life Is On You

It’s hard relying on anyone else for our financial health. Whether it’s the government, our employer, our customers, the stock market or something else, when all is said and done it always falls back on the rest of us.

Marc via Compfight

You want to know a truth, one that might shock your foundation? It doesn’t matter what the government does when it comes to us. We have to be truthful and honest with ourselves about this.
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5 Small Business Expenses Worth Paying For

One of the problems with having a small business is that sometimes you don’t have much of one of two things: time and cash. There never seems to be enough time to get everything taken care of that you want to get to, and even if you’re making money, there doesn’t seem to be enough for everything you need to pay for.

cleaning service expenses
Free-Photos via Pixabay

I can’t help you specifically with the time issue, but I can definitely help you start thinking better about the expenses side of things that actually might help you with time.
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