Do You Need To Borrow Money? Try Your Life Insurance Policy

At some point most of us find ourselves needing a quick cash boost. Something many people don’t know is that if they have a life insurance policy, there’s a possibility that you can borrow against the cash value you’ve accumulated over time.

First, let’s talk about the difference between what you’re life insurance policy amount is for and what cash value means. If you purchase a life insurance policy for $20,000, if something happens to you after a certain amount of time, your beneficiary will be paid the amount you took the policy out for, as long as you continue paying your monthly insurance payment.
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Business Expenses You Should Think About Tracking

Even though tax season is almost over, it’s a good time to think about the types of information you’ll want to have available for your accountant next year. Hopefully you’ve taken care of some of the information that’s pertinent since the beginning of the year. If not, you might have lost some of your possible deductions and expenses. Here’s a few examples and ideas for how to handle these items.

business burger

Business Burger!

Let’s look at meal expenses. Whether you’ve had meals with clients or meals when you’ve been traveling, it’s always a good idea to try to save your receipts. Everything you do isn’t covered unless you can indicate why it might be pertinent.
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The Difference Between Stocks And Crypto, And How Crypto Affects Taxes; The Short Version

When it comes to the topic of crypto or cryptocurrency, we’re never going to claim that we’re experts. When it comes to taxes we know a lot more on how to handle them. Still, we’d feel remiss if we didn’t talk a little bit about what crypto is and how it compares to stocks, which most people have heard about but might not understand either.

not a bitcoin!

Let’s talk about stocks, the stock market and investing. A quick explanation about stocks is that they’re investments in a company or corporation. You can buy them through a stockbroker or some kind of digital application run by either individuals or companies.
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Using A Credit Card As Part Of Your Budget

Over the years on this blog, we’ve talked about the dangers of using credit cards unwisely while also trying to find ways to be able to get yourself out of the mindset of using them. We even talked about why, because of credit score issues, it might be wise to keep at least one card around and using it here and there to have a positive credit history.

Something we should have considered is that there might be ways to take care of your budget and your credit score by using credit cards as part of your budgeting efforts. Actually, we’ll only say “one” card; we don’t want to be fanatical!
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Think About Your Financial Style At The Beginning Of The Year

I don’t know about you, but at the beginning of every year something I start concentrating on is how I hope certain areas of my financial life will go and where it will take me. For instance, I look at my business and hope it stays thriving and continues to be profitable. I look at my bank account and hope it keeps growing. I look at my life and I hope that it continues to give me everything I want and hope for.

Not as expensive as it looks 🙂

The truth is that not everyone does that kind of thing. There are people who hope for new jobs, new friends, new love lives, and new bodies. Those things are bad, but one of the things we often see when we look at other articles and such is that there are more people who say that they wish they were millionaires and they hope to win the lottery.
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Accounting & Financial Advice from the Syracuse NY area