Pennysaverblog – Page 211 – Smart Finance and Money Saving Tips

Great Side Business Options For Struggling College Students

As a college student, it can be tough to balance school and work so that you aren’t left eating 99 cent containers of noodles every night for dinner. Between all the studying, homework, and exams, there seems like there isn’t much room for a job, let alone a side business. Yet, running a side business during college is a great way to make money without really having to clock in anywhere, flip burgers or strap on an apron. Many of the following side business ideas require very little set up and time, so that you can start making money, because in college you should be working smart and not too hard in order to maximize your potential.

Here are some great side business options for struggling college students:

Start a website or blog that people want to read or visit and have affiliate links or banner ads for products people want to buy. There are many businesses that have affiliate programs so that you can put their link on your website and receive a commission of each item that sells. You can make a website that helps out students, like a local restaurant guide or a list of the best places to study, and put banners at the top or the side of pages to products that other college students might want to purchase.

March 22, 2013

Business

5 Money Mistakes To Avoid When Starting A New Business

Cash flow is the vital life force for any new business or start up. Industry specialists and financial advisors say that too many new businesses nowadays run out of money before they’ve even gotten started. Most of the time, these are simple, rooky mistakes that could have been prevented if the business owner were more prescient about the financial fragility of their new company. These missteps run the gamut, from being too overly ambitious, having too expensive of taste and not forgoing certain expenses in order to hold on to capital for a rainy day or a fiscal cliff. Well, that rainy day or fiscal cliff can come sooner than many small business owners think if they are not careful. Here are 5 money mistakes to avoid when starting a new business.

Buying expensive office furniture. Many new business owners feel the need to get the shiniest, newest and most expensive office equipment. Tables, chairs, computers and more, bought new, can cost a fortune if you are trying to fill a whole office space. Just because you are a brand new business doesn’t mean you need the top of the line office accessories. You are fresh, young business and clients will understand, or perhaps even respect, that you care more about the bottom line opposed to designer office furniture. The best thing you can do is to buy used, at auction, or at liquidation sales. You can also check out different office furniture suppliers to find the best deals.

March 21, 2013

Credit Cards

5 Credit Card Debt Management Tips

Falling into the credit card debt trap is all too easy in the world today. Many companies advertise their credit cards as the ultimate solution to your financial struggle, but reckless use of credit can dig you into a deeper hole than ever before. Use your credit wisely, and don’t let it control your life. These credit card debt management tips will help you take back control of your finances, one step at a time.

Go Above the Minimum Payment
Every credit card comes with a minimum required monthly payment to which you agree when you sign your contract. Monthly payments are usually relatively low, allowing you repay your debts at an easy pace. However, that easy pace leads to quick accumulation of debt. If you want to keep your debt under control, one of the best things you can do is go above the minimum monthly payment. Even if it’s just a few dollars above the minimum, you’ll be making faster progress on eliminating your debt and returning balance to your finances.

March 20, 2013

General

What Are Your Options When Unemployment Runs Out?

Unemployment benefits can be a great help to you when you need help getting through tough times after losing a job. The loss of a job is often unexpected and can be life-changing, so it is really a stroke of luck to have unemployment available as a safety net. However, the much-needed relief that unemployment provides is not a permanent solution. These benefits are meant to tide you over between jobs, not serve as a long-term source of income. Eventually, unemployment is going to run out. When it does, you are going to have to start looking for the next step to take.

Of course, preventative measures are always better than urgent emergency treatment. What this means is that you should be prepared for the time when unemployment runs out. While you are still receiving unemployment benefits, look into your state’s laws to find out how long you can stay on unemployment before the well runs dry. Check up on your unemployment time limit and find out if there is any possibility of filing for an extension. This will help you prepare for the day that your unemployment runs out, ensuring that you won’t be suddenly left high and dry.

March 19, 2013

Budgeting

How To Survive Financially After Losing Your Job

Losing a job can be devastating, but it’s an experience that just about everyone has to go through at some point. Perhaps you were fired for a critical mistake, maybe you were replaced by another ambitious professional, or it’s possible that you’ve simply been laid off as a result of company-wide downsizing. There are a million and one reasons why you may have lost your job, but that’s not important now. The past is over and done, and you need to focus on making progress in the future. Financial survival after job loss should be your first immediate concern.

Begin by taking stock of your finances so that you can figure out where you stand in the world. Calculating your income should be relatively simple at this point. If you have any future pay coming to you, in uncollected checks or severance pay, include those figures in your calculations. Figure out how much money you have in your savings, credit, and assets, and then start looking over your expenses. Prioritize your bill payments and spending to put the most essential expenses first. You may have to make some sacrifices in the near future, but cutting frivolous expenses out of your budget can help greatly in relieving your present financial strain.

March 18, 2013

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