Money
Consolidating your debt
Debt consolidation loans are a financial solution that may be suitable when you have multiple debts at once and are struggling to manage them all. Debt consolidation is the process of bringing together all of your current outstanding debts into one single repayment. This is typically done by taking out a new personal loan to […]
Ensuring your invoices are paid on time
Having a healthy supply of cash is vital for the survival of small businesses, as it is required to operate and enables you to pay workers, rent and other expenses. Unpaid invoices can lead to poor cash flow, a significant reason small businesses fail. Late invoice payments can add to the strain of being restricted […]
The pro’s and con’s of using someone else’s money
Borrowing money to invest, also known as ‘gearing’, can be a risky business. While it can increase your returns when markets rise, losses can be extreme when markets fall. It is important to understand the risks involved when deciding whether borrowing to invest is right for you. Benefits:The main benefits of borrowing to invest are: […]
Income investing: Managed funds vs. ETFs
There are a number of options when it comes to choosing an income investment scheme. Investments that generate regular income can be useful in a number of various situations, such as funding your retirement lifestyle. Despite the potential benefits, investing for income has become challenging for many people in today’s low-interest rate environment, with cash-based […]
Invest in your investments
If you are in a position to invest, it can be a great venture to help grow your wealth as well as provide opportunities for others through your contributions. Before investing though, you need to consider what is the best avenue as there are many aspects of an investment you will need to examine to […]
Payday loan apps and websites; the pros and cons
Personal loans have become a fast-growing financing option for consumers, with payday apps and websites gaining popularity. For aid between paychecks, payday loans can be very helpful for the pay cycle lull. Taking out a loan is not something to enter into lightly though, there are many variables that should go into your decision-making process. […]
Switching banks for your business
Businesses need to access finance with ease in order to sustain and develop themselves. Is your current bank still cutting it? Here are some indicators and tips to effectively assess your business’ banking needs. Assessing your needs:Evaluating and reevaluating your business’ financial needs is the first step towards choosing the right institution for your business. […]
Areas of investment you might not have considered
People and internal processesArguably one of the best forms of investment is in the employees you hire, and the talent, experiences and skills that come with them. Take the time to reflect the strengths and weaknesses of your business and where you can retain or invest in your people. Now is also the perfect time […]
Get your invoices paid on time
Allowing late invoice payments can set a harmful precedent for your business. Keep your cash-flow steady and avoid wasting time chasing up invoices by following these tips. Have a written agreement of your payment termsClear communication is key to ensuring your terms of payment are met. You should explain your desired payment terms and allow […]
Improving cash flow for your business
Cash flow can be an issue for small businesses, especially if you have peak and low periods. Follow these tips to improve your cash flow and avoid running into a tight financial spot. Flexible rosteringYour staffing may need to change in peak and low periods. By employing casuals and using a flexible roster, you can […]