The 50-20-30 Budget Rule is intended to help you budget your after-tax income. The premise of the rule is simple – divide your after-tax income into three categories: 50% goes to “needs,” 20% goes to “savings,” and 30% goes to “wants.” This formula can help individuals plan for unforeseen emergencies or retirement, and can also help avoid credit card debt. Once you have determined your after-tax income, you can start to distinguish which […]
As a business owner, you spend the majority of your time focused on running your company and trying to find ways to bring in more revenue. When you struggle with business debt on top of these tasks, it can be difficult to remain positive and come up with a solution that you know will work. In this week’s blog, PCS Debt Relief informs business owners of ways to maximize credit cards for cashback to benefit […]
Working a 9-to-5 job, 7 days a week can cause you to feel as if you are stuck in a rut from the mundane repetition. When the 2 days of the weekend we use to rejuvenate aren’t enough, we know it is time for a vacation. To clear your mind of the tasks and responsibilities of your job, it is necessary to relocate, relax, and recharge. Physically removing yourself from the environment where you get […]
When the temperatures start to rise during the sweltering summer months, businesses should try to find the best ways to lower their expenses. It can be difficult to know how to make the most of your hard-earned dollars, but PCS Debt Relief has some solutions to keep your business’s finances on track during the summer. This week, we reveal the best ways to cut business costs to save some extra money.
Investing is when you commit to saving your money for a project or your future. If you search the phrase “Investing in Your Future” you will be inundated with stock market sites and investing opportunities. Stocks, bonds, and annuities all carry market risks, interest rate risks, and the potential loss of capital. Though the goal of investing is to make more money, there are no guarantees with investing. What if you could invest without the risk? […]
When running a business, there are a variety of factors that can influence your success. These include industry, company size, and seasonal downturn. How do businesses manage their finances during seasonal downturn and continue to be profitable? In this week’s blog, PCS Debt Relief answers this question to help you keep your business finances on track.
How do you know if you qualify for insolvency? According to the IRS, a taxpayer is insolvent when your total liabilities exceed your total assets. What does this mean for someone who has already settled their debts? The forgiven debt may be excluded as income under the “insolvency” exclusion. Normally, a taxpayer is not required to include forgiven debts in income to the extent that the taxpayer is […]
Whether you are a small business or a large corporation, credit cards are a useful tool when managing your business expenses. Credit cards make it easy to spend money, but their high interest rates can also quickly hurt your business’s finances. This week, PCS Debt Relief offers you tips for running your business on credit cards and what you can do to stay in control of spending.
The interest you pay on any financed item doesn’t compare to the amount of interest you will pay on your mortgage loan. With that said, one of the most important things you can to do to be proactive in achieving financial stability is paying down your mortgage. Did you know you can take years off of your mortgage loan with one simple strategy? Making an extra payment to your mortgage can save you thousands of […]
Springtime is supposed to be one of the happiest seasons, as flowers are blooming and the sun is always shining. It also reminds us that it is time for spring cleaning! This week, PCS Debt Relief gives you our list of tips to do some spring cleaning for your business finances to guide you in making smart financial decisions.