Saturday, May 29, 2021

Where Do Gifts Fit In Your Budget?

 Are you getting on top of your money like never before? Have you found the opportunity to trim back all those unnecessary expenses for the sake of your future financial goals? However, not all of life’s costs are things like rent, food, entertainment, and more regular costs. Special occasions pop up, with the opportunity to celebrate your loved ones, and you don’t want to hurt the relationship by letting these days go by without notice. Even if gifts aren’t expected, they are important. So, how do you make them fit your budget?


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Make room for them

One way to make sure that you’re able to get gifts when you should is to make it a part of your budget, rather than something you have to find extra room for. One good rule of budgeting is to make sure that you’re accounting for irregular expenses. Gifts for the special days along the year can be counted in that.


The DIY approach

Making gifts for your loved one is an undertaking that should be handled with care. Some of us are not all that crafty and if you don’t have either the skills necessary or the real idea of something heartfelt and meaningful, it can come off as very cheap. However, if you are a craft individual, then browsing some DIY present ideas can help stoke up some inspiration.


Make it an experience

If you don’t have a lot to spend on a gift, then you can always make an experience for your loved one to enjoy, as well. For instance, it might be a lot cheaper to take a family member out to a special dinner and spend time celebrating with them rather than buying them a fancy gift, or preparing a romantic night with a movie, massage, and whatever else you might have in mind for a partner on their birthday or Valentine’s.


Focus on the meaning

You do not have to spend a lot to get your feelings across. Sometimes, a simpler gift is better, especially for those who already have everything. It can mean a lot to simply send flowers and a card to a loved one you haven’t seen in a while, showing them that you’re thinking of them while also brightening up their day and environment. It’s often much more about the gesture than the gift itself, especially if you’re reaching out to someone who isn’t in the immediate family.


Set rules in the family

Restricting presents seems like an inherently unfun thing. However, if you’re budgeting together with your family, including any spouses, partners, and grown children, then you should make it a rule on how much you can spend on each other’s presents. It will help all of you save and eliminate any potential feelings of competitiveness from building up. Find a limit that works for the family while still allowing for a bit of a treat.


There are some expenses that are important, even if you’re following a budget. With the tips above, you can hopefully fit gifts into your own plans.


Friday, May 28, 2021

Daily Habits To Get You Out Of Debt

 You may be an aspiring entrepreneur that wants to kickstart your own business. Or, you might be looking to get your first mortgage. Yet, a denied bankruptcy could be holding you back. A key cause is if your current debts exceed a certain amount. Yet, there are daily habits that can reduce (and eventually eliminate) your debt, which can help you attain freedom and start to achieve your financial, personal, or career dreams. Here’s more. 


Image by Steve Buissinne from Pixabay 


Track and monitor your spending

Understanding your finances will help you become stricter on your purchases and help you understand why you got into debt in the first place. When you start to track and monitor your spending habits, you will soon see where you are wasting money. You might assume that a daily takeout coffee is only a few pounds and doesn’t matter. Yet, when you track your spending and see that those coffees soon add up, then you will realise it is a problem. 


Tracking your spending should become an everyday habit, especially if you spend money every day. Leaving it until the end of the month will leave you with a lot of expenses to sort through, and you might lose track of everything. The more regularly you track your spending, the more precise you can be. You won’t let some transactions fall through the cracks. 


If you are serious about getting out of debt, then daily tracking and monitoring of your expenses will guarantee to help you achieve that. 


Create a budget

If you lack a budget, then this may be the reason you are in debt. A budget will help you stick to daily, weekly, or monthly limits. These limits will help you decide what you should and shouldn’t spend your money on. 


For instance, if you only have half of your monthly budget left and it’s only one week into the month, you will know to cut down on unnecessary purchases so that you can afford your essentials. 


Although you will want to treat yourself now and again to a snack, a drink, or a book, you will need to be strict with your budget if you aim to get out of debt. If you know you have a set amount each month to pay off your credit card, then ensure to factor that into your budget. If you overspend and can’t afford your debt payments, then you are going to round in circles. A strict budget will ensure that you can afford to pay for your debt, essential bills, and a few treats. 


If you don’t allow yourself treats, then you may spiral and get into worse debt. A small treat now and then can be seen as a reward for staying on track and slowly getting out of debt. 


Pay every bill on time

Paying bills can be the bane of anyone’s life. It’s not even a challenge handing over the month. But, remembering to pay it on time to avoid extra charges can be difficult too. 


If it helps, you could readjust your bill dates so that they are all withdrawn from your bank account on the same day. This will ensure that you can plan and guarantee that the money will be available on the right day. 


Alternatively, if you need to manually pay any bills, you can do so on this set day and make it your ‘bill day’. Paying bills on time will help you avoid extra charges, which you want to avoid when paying off loans and debit fees.


Set up an automatic savings account

An automatic savings account can handle your finances for you. Instead of remembering to put money aside for your savings or bills, you can set up an agreement with your bank to deposit money into a savings account on a set date each month. 


This will ensure that you have money put aside every month. 


Even if you put aside a small amount each month, something is better than nothing. These small deposits will soon add up and make you one step closer to becoming financially free. 


Freeze credit cards

If you still have credit cards yet are in a lot of debt, you might want to consider freezing them. Or, eliminating them from your life. 


Credit cards are often the biggest downfall and can cause millions of people to get into debt each year. 


Credit cards can easily burn a hole in your pocket and can tease you while you are trying to get out of debt. Thus, freezing or getting rid of them will eliminate the temptation and help you make better financial choices. 


Pre-plan meals

Food is essential but can be very expensive if you aren’t organised with meal planning. If you pre-plan your meals and take food with you, you can save a lot of money. 


Organising what you will eat each day will eliminate waste and maximise your money. 


Additionally, taking your lunches with you to work will cut those everyday lunch costs and help you save a few pounds, or more, each day. These small sums of money soon add up and can help you with your savings or debt payments. 


Curb bad habits

Bad habits, such as buying lunch every day or new tops for a social event, can easily add up and cause debt. Curbing these bad habits when you are trying to get out of debt will make the journey a lot easier.


Although it may be difficult to cut these habits straight away, you need to be strict with yourself. 


Impulse buying won’t help you and will only make your debt worse. Thus, if you can curb bad habits and be better with your spending, you will be able to get out of debt much quicker. 


If you are currently trying to get out of debt and the journey is challenging, utilise these tips and remember to keep going. There is a light at the end of the tunnel and with the right attitude and financial advice, you can achieve financial freedom quicker and easier than you think. 


Thursday, May 27, 2021

Father's Day Ideas That Won't Break The Bank

 Father’s day is just around the corner, and if you want to do something special for the Father figure in your life, you might be wondering where to start if you’re on a budget. No need to be concerned; we've put together a list of our favourite ideas for dad that won't break the bank! With a handmade message and one of these thoughtful ideas, you can show how much you respect and adore your Dad. Or, if you’re shopping for gifts from your children for their father, we hope this list comes in handy as you treat him to something special this year!


https://unsplash.com/photos/O-RKu3Aqnsw 

Have a movie day

Part of being a Dad is being able to enjoy spending quality time together as a family, and if he works long hours, he's likely losing out on many precious moments with his kids. Why not pick a collection of popular movies, stock up on buttery popcorn, and sit down as a family for a relaxing and enjoyable movie day? The best and most memorable experiences in life are sometimes the most simple things you can experience.

Trade in his favourites

When trying to do something nice for the Fathers in your life it can be difficult if you don’t have much money to spend. However, trading in something as a part exchange for something new and upgraded is a great way of giving him something lovely without breaking the bank. For example, if he loves his watch and you’d like to buy him a new one, you can trade and Shop JLC watches on WatchBox without having to overspend. You can do this with other favourite items too such as jewelry or his old phone. Whatever you choose, it’s a lovely surprise for him without breaking the bank!   

Let the kids decide

If you’re not sure what to get for the father of your children, why not let the kids decide? When you can sense that someone has thought about you when buying you a gift, it tends to be more sentimental. So, instead of picking something from the kids, give them each a budget and let them purchase something they think he'll like. It's possible that you'll end up with two utterly stupid gifts, but they'll mean more to him than your carefully chosen ones. Allow the sentimental value to shine through here, and you'll discover how really unique these gifts are.

Buy him something he needs, not wants

Finally, buying him something he needs rather than something he wants is an excellent option. Men are frequently the kind that prioritise ensuring that everyone else has what they require. It's just a part of being a father. They do, however, have a history of forgetting to look after themselves. Rather than trying to come up with a unique gift for him, why not get him something he needs rather than something he wants? Tools that may have just broken, or even a great new t-shirt to wear, can make all the difference, and you don’t have to worry about overspending.




The Many Ways Your Business Can Dominate Search Engines

 If you’ve been doing any research into online marketing methods, then you likely have a good idea of how vital search engines can be. More and more people are using search to find the businesses, products, and services they want, instead of going directly to storefronts in-person or online. If you can make sure that your business is more visible on search engines, then you can also grab a bigger piece of that target market pie.


Picture - Pixabay License


Learn about search engine optimization

The discipline of making your website more “palatable” to both search engines and the people who are likely to be searching for it is called search engine optimisation. Effectively, SEO is all about making your website better to use, such as improving load times and navigation, while also using the language your audience uses to search for your services online. Keyword research tools can help you craft content that’s more likely to match with your audience’s queries, but this just the beginning of SEO. There are plenty of tutorials to help you better understand the practice online.


Don’t choose the free option alone

One of the big benefits of SEO is that, unless you pay a pro to take care of it, you can do it all yourself at a relatively low cost. It may not cost anything to rewrite content to incorporate keywords. However, when it comes to driving sales, working with a PPC management team might work even better. Search engines have paid advertisement options as well and investing in them can help boost your brand right up to the top where it’s more likely to grab attention and convert customers.


Get local with things

Search engines like Google also have other functions that can allow you to be more visible to local customers. Things like setting up your Google My Business profile can help your business appear in a panel to the side of the search engine results page, offering a place of prominence and visibility that helps increase the prestige and the trustworthiness of the business. Make sure that you create content that is localized to specific areas that you operate in, as well, so that when people go looking for local services, you’re more likely to appear first.


Make use of reviews

Word-of-mouth is just as effective in search engines, as they will often promote not only their own review system but also various directories and review sites to help customers choose the business and website best suited to their needs. Asking your customers to leave reviews while working to create a great customer relationship can help you be more visible not only through your own website, but also third-party websites that vouch for your business. That third party validation can be as valuable as any major ad campaign.


Search engine marketing is a lot more multi-faceted and complex than some might initially believe, so expect that you may need to invest in some professional help. The tips above, however, can give you a good idea of what to look for.


Wednesday, May 26, 2021

3 Measures That Help Your Firm Retain Its Golden Standards

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It’s quite clear that business competition is higher than ever, as firms large and small try to remain relevant after a difficult global pandemic and its associated lockdowns. One of the best ways for businesses, especially small businesses for which this post is geared, to survive is to streamline their operations. However, cutting costs, downsizing staff levels, and focusing on new campaigns are only half of the options at your disposal.


We must also focus on achieving the aims that help your long-term survivability without losing the golden standards that help your firm properly operate. In this post, we’ll discuss what those standards are, how to apply them, and in the long run, what that will mean for your brand image. After all, competitiveness is defined by how well you can substantiate your capability for a chosen or given task, and if our standards slip, that gets noticed. It may be that while cost-cutting is appropriate, knowing what to invest in, or what to remain invested in, can be your biggest aid through this tough period.


With that in mind, let’s consider some of the following advice:


Golden Logistical Standards


Golden logistical standards include making sure that your freight is shipped with its sensitive conditions cared for, for example, temperature control, as well as making sure the timings are carefully measured to help the whole process work like clockwork. We would recommend services that are both reliable and help you get significant savings on FTL freight shipping options, as over time you will be saving plenty of money for a worthwhile service that reflects perfectly on your firm.


Golden, Relevant Marketing Approaches


It’s very important to consider the relevant marketing approaches necessary to keep your firm in a competent and worthwhile light going forward. This will involve using SEO firms to increase your backlinking strength and thus your search engine rankings, using content writers to fill out your blog and make sure your brand is properly depicted through those writings, as well as ensuring outsourced graphic designers or agencies can help you deliver on all visual formatting necessities to help your firm seem relevant, capable, modern, and engaging. Marketing can reflect on your firm brilliantly, but only if you know how to invest in it.


Golden Loyalty Rewards


It’s good to keep your customers around and to reward those that use it. Remember that loyalty rewards don’t always have to come in the form of discounts for people who repeatedly use your service, but rather it can take the form of a small concession you give for using your service. It might simply be a thank you note with your deliveries or promotions you send out for those who enjoy certain products, or celebrations of certain events that you hope to send visibility to. In other words, making sure you’re a current, human, and relevant business ensures you reward customers and make their time invested in you worthwhile. They will continue to do so if they see that engagement rewarded.


With this advice, we hope you can continue to ensure your firm hits those golden and necessary standards going forward.


Monday, May 24, 2021

9 Budget-Friendly Ways To Make an Old House Feel Brand New

 Your home may start to feel old and outdated after you live in it for several years, despite your efforts to keep it as clean and neat as possible. However, the money can quickly stack up when you start planning for a home remodel. 

While many DIYers seem to be renovating and updating their homes quite often, that may not be possible for the less handy individuals. Fortunately, there are a few simple and cost-friendly projects that you can take on to leave your house feeling brand new. They include the following; 

Repaint Your Door and Update Exterior Accents

Whether the exterior of your house is made of stone, siding, shingles, or paint, updating it can go a long way in boosting the curb appeal of your home. It is also essential to repaint your door with a bold color that blends well with the rest of the exterior while standing out to give it a bit of a spotlight. 

Another easy project that can give the exterior of your house a whole new look and feel is changing your mailbox and house number. 

Paint Your Walls or Add Wallpaper

Painting your walls is another budget-friendly and simple project that you can do to update the look of your old house. You may even opt to take on this project yourself if you have the right tools and equipment. 

If you do not wish to take on a paint job, you can add removable wallpapers to bring a brand new feel to the walls of your home. Wallpapers are an affordable and stylish way to update your home with minimal investment. They also provide an easy way to add pattern and color to your home with little commitment. 

Clean or Replace Carpets and Rugs

If your entire home is carpeted, you can give it spruce either by having the carpet professionally cleaned or replacing it for a new look. Professional cleaning is the more affordable option, especially if you are tight on your home updating budget. 

If your floors are made of wood, or you use rugs in your house, you can also have them professionally cleaned for an updated look. 

Put Up Window Coverings

The right window treatments can go a long way in enhancing the look of a room. Moreover, dressing your windows doesn’t require a ton of your effort. You may also opt to replace your old windows with some of the modern masterpieces currently on the market. Look for reputable companies like Renewal by Andersen who can install custom-made windows that are strong, durable, and built to suit your taste and style. 

You can then dress your new windows with gauzy white sheers, bold and graphic geometric curtain panels, or minimalist curtains with bamboo shades, depending on your style and the rest of your interior design and decor. 

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Create an Outdoor Room

You have a lot of unused space outside of your house. Even if you do not have an amazing backyard patio or a large front porch, you are still likely to find some free outdoor space. All you need to do is be innovative, and you can create an amazing outdoor room with a rug for definition and some comfortable outdoor chairs, dangling string lights, throw cushions, and a small fire pit. 

Put up some flagstones and brick pavers layered with chairs and outdoor rags for a fancier look. The outdoor room is an amazing space that can make your old home feel updated while allowing you to spend some quality time with your loved ones. 

Spruce Up Your Bathroom

Bathrooms tend to look dirty and worn out quite quickly. You can begin updating the look of your bathroom by cleaning thoroughly. After ensuring that it is sparkling clean, look out for any outdated lighting fixtures, faucets, knobs, vanity, and shower curtains that you can replace. You might be surprised at how much of a change replacing one or two of the most outdated items in your bathroom can bring to its look. 

Another great idea to spruce up the look of your bathroom is by adding a fresh coat of paint. Ensure that you go for cool colors such as blue and white for a modern feel. 

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Landscape Your Yard

Many people overlook their landscaping and think that they are done after adding a few trees and flowers to their yard. However, the design of your landscaping can greatly affect the curb appeal of your home. Planting a few more flowering shrubs and trees and making a few raised garden beds should be quite simple, even if you do not have a green thumb. 

You can start by visiting the local greenhouse to get advice on the plants that thrive best in your locality and those that are easy to care for. Here, you may also get the assistance of a landscaping architect who can design a customized landscaping plan for your home. Remember to follow the directions for spacing and projected heights, and with time, you will achieve a beautifully landscaped yard. 

Give Your Kitchen Cabinets a Flawless New Finnish

Dark-colored cabinets can suck all the light out of your kitchen, leaving it feeling dark and cave-like, especially if you are working with limited space. The best way to deal with this is by giving them a brighter makeover. This doesn't necessarily mean that you replace your cabinets with new ones. If the doors and frames are still structurally sound, you can clean them and brush on some new paint. 

Update Old Power Outlets

While updating old power outlets may seem like an insignificant step when updating the look of your home, it can go a long way in making your old home feel new again. It is also very affordable for those working with a tight budget.

Due to updates over the years, your home may have many different kinds of light switches, which may be cracked, old, and yellow, or painted on. Installing modern matching switches can help to improve the look of your home and leave it feeling brand new. 

Your home is a haven where you spend a significant portion of your time, either by yourself or with your loved ones. Apply the above tips to leave your old home feeling fresh and new. 


Brighten up Your Home With a Budget Makeover

 

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Cottagecore 

Cottagecore is a new concept for home decoration that developed in the 2010s. It is characterised by a rural aesthetic that is both clean and modern - but that doesn’t mean it has to be new or expensive. Cottagecore originally appealed to millennials and Gen Zed but today its audience is more diverse. 


Cottagecore can be anything you want, it can be either very expensive or very budget-friendly, it completely depends on your aspirations. On the budget side of things, you can make a cottagecore room by introducing some weathered furniture bought at a thrift store. 

Japandi

Sometimes labelled a trend Japandi has been around for centuries and describes the aesthetic cultural connections between Japan and Scandanavia. As you can see this is how the word Japandi is created, but the styles don’t only overlap, they also complement each other very well. 


In short, Japandi is a pared-down style that is rustic, modern, and functional. The Japan side offers beauty in imperfection while the Scandi side gives you “Hygge” comfort for your home. To make this style work on a budget you use linked furniture and solid neutral colors for walls and curtains.     

Mirrored Furniture 

Using mirrored furniture for your budget makeover is the smart thing to do, it not only gives you some new furniture pieces but it changes the perception of space in your home and allows more natural light to come in. This is ideal if you spend a lot of time in your home or you need extra light for painting or photography. 


You can buy all kinds of mirrored furniture including mirrored dining tables, mirrored units, mirrored bedside cabinets, and mirrored drawers. Mirrored furniture is an excellent budget investment because it creates the look of more space and blends with any room decoration you decide on.  

Earth Tones 

One thing about earth tones is they never go out of fashion. Earth tones have been used for centuries in the home and it’s no surprise when you hear what modern psychology has to say about them. According to experts earth tones create feelings of calmness and security. 


Calmness and security are exactly what you want when you’re living through such uncertain times. Not only that, earth tones are super flexible which means they are also an excellent budget option for your home if you decide to add or subtract certain features. 

Color Pops 

Summer means color and color means variety. If you’re the sort of person who craves color in your life you might find it in your fashion sense or on your social media accounts, but where is it in your home. It’s time to make your home pop with this year’s summer colors. 


But wait, won’t it cost a whole lot of money to redecorate with bright inspiring colors? The answer is no, and here’s why. All you have to do is decide on your seasonal color scheme and keep this in mind when you head off on your day excursions. Buy plants, fabrics and antiques to fit with your home’s theme. 


Friday, May 21, 2021

Dispelling Common Money Myths That Can Hurt Your Finances





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The world of finances can be very complicated and confusing for most people. It can be extremely difficult to tell if you’re making the best decisions, and many people worry when they read the content they find online. There are a lot of different ideas floating around in the financial space, but many of these ideas are myths. To help you to dispel the bad and keep working on the good, this article will be exploring a range of money myths that can easily leave you worrying about your finances.


Credit Cards Are Always Bad

Credit cards are often viewed as a bad financial choice. This sort of product can easily see you stuck in mountains of debt when used incorrectly, but it can also help you to recover your finances if they are applied with the right approach. Using a credit card for small purchases and paying the money back within a month can help to bolster your credit score, providing you with the means to get better loans and other financial products. This can be so powerful, in fact, that money experts often recommend that people have a credit card or two to make sure that they are looking after their finances.


Investments Are Always Good

Investments can be a very smart decision, providing you with the means to make money from the money you save. Of course, though, there is a very risky side to investments. Secure options, like savings accounts and bonds, come with very few risks. Options like cryptocurrencies, on the other hand, are so risky that they may as well be a gamble rather than an investment. There are loads of options that sit in the middle of this, and the positives of an investment will often be down to the knowledge and experience you have.


Mortgages Are Always Good

This next myth can be quite complicated. Mortgages are the loans that people take to purchase houses, and they can often be an incredible investment. At the same time, though, choosing a mortgage that has rising interest rates or using one to buy a house that isn’t in good shape can come with a lot of risks. This can make mortgages somewhat of a double-edged sword, and it’s always worth seeking advice if you are unsure about the home loan you’re considering.


Asset Loans Are Always Bad

The idea of putting your assets on the line to secure a loan can be unsettling for some. In reality, though, there are a lot of different situations where a hard money loan makes sense. A hard money loan enables a borrower to use assets like real estate to secure funding from a business or private investor, rather than having to deal with the red tape that comes with a regular bank loan. Despite this, the fact that assets are held as collateral makes this type of loan very secure, along with making it easier and faster to secure your loan in the first place.

While you have to be careful when you’re borrowing money using any method, hard money loans are a good example of how this type of financial product can serve you without negative side effects.


The Bank Knows Best

Banks can be great organizations that are capable of helping a lot of people with their finances, but they are also businesses. This can mean that the advice they offer is somewhat tainted with the need to make a profit. They may not give you advice that is the very best option for you, though it is fair to assume that they won’t leave you in a bad financial position. It’s always worth getting a second opinion before you blindly trust the word of your bank, especially if you live in a place where bank managers don’t need specific qualifications to do their job.


You Don’t Need Advice

Many people think that they don’t need financial advice, assuming that they are able to look after their money by themselves no matter what happens. In reality, though, getting advice on your finances can be an excellent decision. Banks, finance brokers, and specialist financial advisors can all help you with this. Even if you think that you know a lot about money, this sort of approach can help you to avoid bad choices that will end up leaving you in a negative position with your money.

With all of this in mind, you should be feeling ready to take on the challenge of dispelling money myths. There are a lot of ideas out there that can leave you feeling bad about your money, though this sort of thing doesn’t have to be a big problem when you have the support to overcome it.

Thursday, May 20, 2021

How to Reduce Bad Debts in A Small Business

 How to Reduce Bad Debts in A Small Business

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Risk is ideally essential to running a business. A well-calculated one can help your business rapidly grow. There’s a 50-50 chance of success in running a business; you can either make it or find yourself in loads of debt. Debts may not always be long-term if you manage them properly. However, many financial consulting firms advise that you avoid exceeding 30% of your business capital, as it tells lenders or investors that you may not be profitable or responsible with your money. This position can be very damaging to a small business and will run your enterprise to the ground in the long run if you don’t deal with it promptly. Are you wondering how to get your business out of any bad debt? Here are a few tips to help you reduce them.

  1. Handle already existing debts

The first and foremost thing to do in your attempt to reduce bad debts is to evaluate the ones you already owe. You can start by looking at the monthly payments, along with their respective interest rates. Your evaluation should also include business loans, vendor payments, credit cards due, etc. This review will help prioritize your payments so you can pay down the loan with the highest interest rate first, which is the most recommended approach. However, if you don’t have the financial capacity and can’t afford to do that, the second option is to pay off as much of your debt every month. Paying the minimum you owe on each loan will help you gradually clear your debt and protect your credit rating.

  1. Renegotiation and refinancing

Another highly recommended option is to communicate with your investors or lenders. You can approach them for a bank loan renegotiation, so they spread it over a more extended period to minimize the interest payments and the monthly repayment cost. You can also find out from your bank if a loan guaranteed by the Small Business Administration can help your company since they tend to have more flexible qualifying standards, longer terms, and lower debt service requirements. Additionally, you can consider refinancing. Doing this requires replacing your existing debt with another one that has favorable conditions, only if your credit record will allow it.

  1. Cost-cutting

Considering your business expenses is an effective way to find funds to pay off your debts, and you can do this in several ways. You can split with other companies that occupy the same building as your business and already pay for the same amenities as you. Try negotiating with suppliers, reducing the amount of space you rent or lease, and downsizing redundant employees. 


These are the highly recommended approaches to reducing business debts. However, if these strategies don’t work, you can still declare bankruptcy as a last resort. Bad debt prevention is always better than debt reduction. Aside from the tips listed above, remember to be clear about your payment terms and penalties, involve lawyers and debt collectors in any business transactions, and promptly send your invoices.

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