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How to Start a Business in 15 Steps

Savings Corner

Choose a business structure The legal structure of your business can affect everything from your taxes to what you’re liable for. Talking with a tax professional can help you choose the right business structure for you. But you’ll probably discover some new tax breaks, too. Hair stylists need cosmetology licenses.

Finance 52
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Introducing: Family Budget Spreadsheets

Family Balance Sheet

I’ve been working behind the scenes on a tool that I personally use to track and organize our finances: Family Budget Spreadsheets. There was a month in 2013 where I hadn’t planned on a large property tax bill and I wasn’t sure where we were going to find the money.

Budgeting 160
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HELOC Vs Home Equity Loan: How Do They Work?

Savings Corner

Key takeaways Home equity loans and HELOCs are both financing tools that allow you to borrow against your ownership stake in your home. Both act as second mortgages, using your home as collateral, and may offer tax deductions if the funds are used for substantial repairs or upgrades. homeowners as of year-end 2023.

Home 52
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What Is A Home Equity Loan?

Savings Corner

Home equity loans are best used for five-figure renovation or repair projects — which can garner you a tax deduction on their interest — or to consolidate other debts. You can use the funds from a home equity loan for any purpose, but there’s a possible tax benefit if you use the money to improve your home. to 10 percent.

Home 52
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P.E.P. for Week of January 31- February 4/11- Superbowl Edition

Prairie Eco-Thrifter

Bucksome Boomer shares with us 9 tips for tax time that will save us from forming those wrinkles. We e-file our taxes and having the previous year’s return to reference is very helpful at speeding up the process. Five Cent Nicke l shares with us the top ten web-based money management tools there are out there. GO PACK GO!

January 113
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How To Get A Personal Loan In 8 Steps

Savings Corner

Whether you need money to pay for an unexpected hospital bill, an emergency car repair or to finance some much-needed home renovations , knowing how to get a personal loan will help make the application process as smooth as possible. Run the numbers Before taking out a loan, decide exactly how much you need to borrow.

Debt 52
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How to Start a Budget (and be successful at it!)

Family Balance Sheet

Many years ago, our cash flow sucked, we put Christmas on a credit card, and I wasn’t sure how I was going to pay for a large tax bill. A zero-based budget is planning for every single dollar of after-tax income. If your paychecks are inconsistent, you will need to cautiously estimate your after-tax income.

Budgeting 133