6 Costly Mistakes to Avoid for your Small Business When Considering Finance

The most fundamental principle of business financing is to match the term of your loan with the type of need.
Using a short-term finance option like a business credit card or overdraft to cover a bigger debt can leave you paying hefty fees and compound interest for years, while you struggle to repay it. You also run the risk of defaulting on your loan, resulting in the facility being withdrawn, sending you scrambling for alternative finance.

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Why forgetting about insurance is costing you money

There is a certain trap that households often fall into; in fact it’s a something that I have just dealt with myself. It’s the ‘set and forget’ mentality. It’s almost like once the chore of setting up health insurance/mobile phone contract etc. is done we mentally cross it off our disappointmentlist of things to do…for a few years! Then, when the contract period is over, we tend not to notice or not ask for a better rate. We don’t even research other options, which may be available and it’s costing us…big time!

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Oh Credit Card…a mixed message eulogy for the family budget

If you are familiar with my budgeting advice then hopefully you will find that there are months where you are likely to be rolling around the floor flinging money in the air like you just do not care. If not, then there will be months where each bill being paid is like pulling a nail out of your finger slowly… using marshmallows.

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