Business credit cards can impact your personal credit score, though. Understanding those impacts can help you determine which card is the best for your small business. How Do Business Credit Cards Affect You and Your Personal Credit Score? Applying for and using a business credit card can affect your personal credit score depending on what you do with your card and the card issuer you make payments to (more on that later)....

If you have Bitcoin and it makes sense for you to use it for everyday transactions and not only as a store of value, you might consider a Bitcoin debit or credit card. You could swipe your card and complete the transaction with the Bitcoin you have in your wallet. As Bitcoin value rises, traditional payment networks embrace the technology, and the list of Bitcoin credit and debit card options grows....

Nothing is typical about an exotic vehicle—including finding the right car insurance. Due to their high values, exotic cars require customized insurance policies. For example, a two-door Ferrari 458 Italia incurs a $655 average loss payment per insured vehicle year, so it’s not surprising that a standard-issue plan just won’t do for an exotic vehicle. Learn the ins and outs of insuring an exotic car. What Is Exotic Car Insurance?...

Groceries A strong dollar makes imports cheaper. That reduces inflation and lowers the cost of living. It allows you to buy more. More importantly, you could save more without harming your quality of life. Then you could save for a rainy day or for retirement. A weak dollar makes import prices higher. That lowers your standard of living because you’ll pay more for imported fruits vegetables, and other groceries. It also causes inflation....

Direct Deposit: 3 Weeks or Less Getting a tax refund via direct deposit allows you to have your IRS refund electronically deposited into a financial account, saving you a trip to the bank. This is a popular option: eight in 10 taxpayers use direct deposit to receive their refunds faster than they would have with a paper check. If you file a paper return and choose direct deposit, your refund will usually be issued within three weeks....

Credit card cost varies based on the credit card and how you use your credit card. You may be able to use a credit card for absolutely free. Or, on the opposite end of the spectrum, your credit card could charge fees for having the privilege to use it. Also, if you don’t pay off your entire monthly spending you are looking at the cost of interest or penalties. The cost of your credit card all depends on you and the credit card issuing company....

How To Activate a Credit Card Your new credit card will likely come with a sticker that notes activation instructions. Most credit card issuers give you a few options for activating your credit card: by phone, online, or through your credit card issuer’s mobile app. At a minimum, you’ll need your credit card number—which you can find on the physical credit card—and the security code from the back of the credit card (or the front of the card for American Express)....

What the Employer Really Wants To Know When you’re asked about your weaknesses, the employer wants to know whether you are qualified to do the job. The hiring manager is also looking for indicators that show you’ve been able to learn new tasks and handle new challenges. So, this question is an opportunity to show that you’ve got the right assets for the job. How To Answer “What is Your Greatest Weakness?...

Business loans or lines of credit account for 76% of the financing small businesses sought out, according to a 2022 report from Fed Small Business, a project of the U.S Federal Reserve. Below, we’ll dive deeper into the types of business loans, what to watch out for, and how you can apply for one. Should You Get a Business Loan? The versatility of business loans might benefit you in several situations....

Qualifying for PSLF requires understanding the requirements and taking the right steps. How Public Service Loan Forgiveness Works You must be employed in government or in a 501(c)(3) nonprofit job to qualify for PSLF. Your loans must be in a qualifying income-driven repayment plan. Each full, on-time payment you make while satisfying these requirements will count toward the required 120 payments for forgiveness. Borrowers are required to submit the PSLF forgiveness form to apply for loan forgiveness after making 120 monthly payments and while still working for a qualifying employer....

Well, usually. But sometimes, a job offer doesn’t feel like a cause to celebrate. If you’re not sure whether you want the job, you might be feeling stressed and confused. So, what should you do now? When You’re Not Sure You Want the Position If your gut is telling you to hold off on accepting, listen to it. Step back and take some time to consider whether you really do want it before you commit to the employer....

Interest = Principal x Rate x Number of Periods For example, if your savings account paid 5% interest once a year and you placed $100 in it, you’d calculate the interest as $100 x .05 x 1 = $5. The interest you’ve earned on your savings is paid because your bank borrows money from you when you place it in your savings account; it also acts as an incentive to keep your money in a savings account....

What Are Intangible Assets? Small businesses own two types of assets. The first type of asset is tangible assets. Tangible assets are items you can touch, such as equipment, inventory, and a company car. Intangible assets are items that have no physical form, and businesses usually expect them to provide benefits for at least one year. They have value because they will provide businesses with revenue during future time periods. Intangible assets provide a business the right of use....

Types of Health Insurance Plans There are three common types or categories of health insurance plans: Most health insurance plans will fall into one of these three categories. The policy that you ultimately choose will likely come with its own coverage details, such as specific coverage, costs, and benefits. Health Maintenance Organizations (HMOs) An HMO or health maintenance organization is an association of health care professionals and medical facilities that sells a fixed package of health care services for a fixed price....

The greeting is the first thing the recipient will see when they read your cover letter. Therefore, it’s important for you to convey the appropriate level of familiarity and respect. Cover Letter Greetings to Avoid Using casual greetings, such as “Hello” and “Hi” can make your letter seem unprofessional. Reserve these casual greetings for personal email and refrain from using them in your cover letter unless you are very familiar with the recipient....

The first step in double-entry accounting is to record journal entries for every financial transaction that your business makes on a daily basis. What Is an Accounting Journal Entry? When you make a financial transaction, you make a journal entry in the general journal to record that transaction. The general journal is a detailed record of the financial transactions of the business. The transactions are listed in chronological order. Depending on the size and complexity of your business, a reference number can be assigned to each transaction....

How Does Insurance Work? The theory of buying insurance is to purchase protection for something that could cause a financial loss that you would not be able to handle on your own. Insurance companies specialize in making money by having actuaries and underwriters assess the risks of financial loss. They base these losses on the actual data of claims paid and charge premiums that allow them to pool together enough money—from all policyholders’ premiums—to save more than they pay out in claims over time....

The valuation process can be complex, especially for small business owners, as it uses multiple methods and can vary depending on the assets being valued and overall perceptions of value. Each process also has its limitations. Here we dive into the basics of valuation, the methods and factors that are used, and what you need to be aware of to accurately determine your business’s value. Why Your Business Valuation Matters The valuation of a business is important, as it gives insight to how much your business is worth, which is useful in various business dealings....

To learn how to do a balance transfer, review this step-by-step process. Step 1: Review Your Credit Card Debt First, evaluate approaches for your credit card debt situation. Will you transfer the balance of only one card, or will you consolidate debt from multiple high-interest cards onto one card? Do you have a target date in mind for being debt-free? Review your current annual percentage rate (APR), and decide how much you’re going to transfer to another card....

What Is a Stock Option? A stock option gives an employee the ability to buy shares of company stock at a certain price, within a certain period of time. The price is known as the grant price or strike price, and it’s typically based on a discounted version of the price of the stock at the time of hire. Purchasing the stock shares at the grant price is known as exercising your options....