If there is a local sports franchise in the city where you live and there is an opportunity to purchase it, this could be a very smart financial investment. If the current owners want to sell because the franchise hasn't been as profitable as they thought it would be, it doesn't mean that you can't make the franchise as great as it's full potential. Here are some of the things that should be done before you purchase the franchise, and that can help you decide if it's the best move for you.
If you just got married, your finances are no longer your own. You now share your assets as well as your debts with your spouse, which is why it is important to get on the same page financially with your spouse. Once you wrap up the wedding and the honeymoon, you really need to make sure that you and your new spouse are on the same page money-wise.
Be Honest About Your Financial Situation
If you are a college student who is thinking about your future, one thing that you might be thinking about is investing in stocks. Luckily, investing while you're in college can actually be a wonderful thing. These are a few tips that can help you get started.
1. Invest in Companies You're Passionate About
One of the good things about investing in stocks is the fact that you can invest in many different companies.
As a sole proprietor, you are able to deduct certain business expenses from your overall income. There are certain business expenses that you want to make sure you track carefully because the IRS tends to scrutinize these types of business expenses more closely.
#1 Home Office
One of the biggest expenses for most sole proprietors is their home office. The IRS has set it up so that you can deduct the portion of your bills, such as your energy, internet and even your mortgage, based on the percentage of your home that you use as a home office.
Raising a child on your own can be challenging, but it doesn't have to compromise your ability to remain financially sound. Managing your finances as a single parent can seem like a daunting task but by making a few simple changes in the way that you approach money-related issues, you can ensure that you are able to improve your current and future financial situations.
Here are three tips to keep in mind as you strive to create a realistic money management plan as a single parent.